RE: Next Chapter21 Feb 2024 06:55
A good post Bob and I enjoyed reading it.
I didn't expect such a sell off yesterday personally, despite my own concerns this will go to administration.
There is definitely potential for a trade here but as a LTH for me it is far too risky
They need 450$ million as you correctly state.. this has a MCAP of 10$ million [US equivalent of 8 million pounds]
Those figures don't really add up and would probably never have been seen ever where a company raises 50 times plus its MCAP... the dilution would be... well is it even possible ??