RE: last placing25 Oct 2020 11:07
Placing is always a worry for a growing company with not enough cash to support fast growth....I don't think the current sales and revenue are big enough to pay for every day running costs and fast track going forward, so the million dollar question is where this funds going to come from????....a partner with big pockets is probably a good option but always comes with some cost (shares and warrants....)a bank loan base on potential forward sells is a good option too but can the company get the banks agree to land them????...and of course there is the most common way of placing that comes with hefty dilution....remains to be seen.
Whatever happens we could see short term set back (SP wise....) HOWEVER, if the company is going places with this exciting CBD venture and use any cash raised to accelerate fast growth this possible little set back could be only short lived and we could see very strong recovery and decent rewards in the middle/long term....IMHO.
I will watch the company update with positive anticipation, certainly have no intention to sell any of my holding (unless news are so poor...)
And will try taking advantage of any possible weakness....
GLA.