RE: For the avoidance of doubt16 Oct 2024 14:10
Aber, I think as other have alluded to, sog for one. We have low ball offer. Not official as they would have to notify us of any offer, low ball or not. The unblinded data probably doesn't tick all the boxes needed to warrant a fair value at this time. Fair enough, I can live with that. At the time I was more than happy with the 1a to 1b idea. I understood the pivot to 2a but this last pivot seems odd and i agree, it is probably the equivalent of getting someone to stake you in a poker game. 27% is a bit steep but I guess that's the price for the risk involved. What if it doesn't work. What if no deal at the end, how much more dillution to run though P2 on our own. My guess is another 50%? So 200 million shares. Or £5 a share for a 1 billion pound market cap. Long term investors should be p*ssed off. Especially as they weren't allowed to take part in the subscription. Good loom to Billy though. He's played a blnder here. Will make millions in profit even in the low pounds.
Lastly, I think the negotiations are still in play. We will get the year end results and presentation when the talks run out of steam. If we are getting a deal that will come first, if not we'll get the results and we go back to waiting.