RE: Share placing so close to news30 Oct 2022 07:41
According to ‘ol dogsh.t teeth TW, who got it spectacularly wrong - they were trying to raise even more at 80p. We’ll never know, speculation either way isn’t helpful. Just wait for the results, they shouldn’t be too far away.
As it’s AIM, be prepared for a curve ball. Maybe the additional funding was an anticipation of an extension of phase 1a further DEs as they can’t reach a MTD and with every DE they know their position is strengthened for licence negotiations. That would be legal. They can raise cash whenever they want for whatever reason, but a thank you wouldn’t be one of them - do you think sequoia flooring who invested at 120p would be impressed? We can all speculate, but it’s pointless.