RE: SQUEEEEEZE21 May 2024 10:45
Squeeze? Do people not read the RNS... there are nearly a billion shares to clear just from settling bills in shares:
Contractor Settlement
Contractors at Zulu have agreed to accept payment of US$2 million dollars of invoices, in new ordinary shares of the Company. Accordingly, the Company has today settled payment of US$2 million (equivalent to £1.57 million) in invoices through the issue of 983,500,000 new ordinary shares of the Company at the price of 0.16 pence per ordinary share ("Settlement Shares"). The Settlement Shares will, when issued, rank pari passu in all respects with the existing ordinary shares.
Any sales of the Settlement Shares will be handled by Premier's brokers under orderly market conditions with an initial 10-day lockup of the Settlement Shares.