RE: 0.09p being peppered19 Jan 2024 09:39
Last comment for those buying at 0.09p or 13l% above placement price.
If they do secure new contracts or sales of assets this will absolutely fly I grant you
But please read the RNS again and look at the figures
The raise is virtually all the company is worth in terms of MCAP
Normally a share falls to placement price even if its only 7/10 dilution
This is going from 496 000 000 to 996 000 000 so its now got more than double the shares it had before
That is ridiculous dilution and for only 400k
We all love a trade and a gamble but this at 0.09p [13%] above Placing is mental.
Taken from RNS
Versarien plc (AIM: VRS), the advanced materials engineering group, announces it has raised £400,000 (before expenses) by way of a placing (the "Placing") of ***500,000,000*** new ordinary shares in the capital of the Company ("Placing Shares") at a price of ***0.08*** pence.
. Following Admission, the total number of ordinary shares in the Company in issue will be
*** 996,169,507***