Per the consolidation RNS they openly said they wanted to 10:1 consolidate to make it more attractive to future. My read into it is they’ll then seek to raise again
My view (guess) is if we’re going to acquire in USA we’ll need £ sooner than any (potential) Tunisia payout. So perhaps. And like CITM said cash situation will decrease now. But keen to hear others views.
Sadly all the rampers now have left on their repertoire is to revert to personal attacks to defend Zen.
At the end of the day (fact) is she share price went 10p > 14p > 0.425p today over the time they’ve been trading.
Is that good performance for shareholders? Is that justifying all the equity raises and dilution over the years? Oh and does that justify AC’s $2m CAD remuneration package while all PIs are sat on big losses?
Looking forward to release of the next annual report!!