RE: Someone bought 838,734 shares29 Jan 2021 20:42
lewishem, i believe a RI is the best route that CARD should take. As you say correctly if you take up your rights entitlement you are in the same position as before but with a fully capitalised company. RI's spook the market for obvious reasons & yes, some people don't want to stump up more cash. The alternative is a placing which sometimes the PIs don't even get a sniff of but see their holdings diluted. I personally can't see that CARD cannot do one or the other unless all the shops were to reopen very soon which is highly unlikely!