Dr Peter Sargent - 1 year on …8 Aug 2024 13:23
So it’s been almost one year since Peter Sargent joined. Sept 2023 as COO and Jan 2024 as CEO.
In that time:
The share price is the lowest it has ever been. Was approx 2.4 Sept 2023 and now 0.625.
Issued 63m shares at a price of 0.6 (50%) discount in July heavily diluting existing shareholders.
Talks about best ever pipeline - an increase from £1m to £1.5m almost overnight but doesn’t seem to translate into sales.
States in a May RNS that “ we would then be going into its next financial year with one of its highest ever levels of signed projects”. If so, and if the potential pipeline is so strong, then why the need to raise and dilute existing shareholders so much.
This looks like it will be in the doldrums for the foreseeable as any rise will be sold into with the 60m new shares.