Warrants22 Jan 2021 09:53
In my view to move on from the awful comms and director deals and arrangements we need absolute clarity on the warrant and placing concerns. Until the vote takes place it is another cloud of doubt loitering. If it’s a min 2 weeks notice required before the meeting it makes no sense to delay this whilst we continue to debate the agenda here and in turn impacts investor confidence and the SP right at a time we expect positive RNS not like the rubbish this am. How many negative RNS can a company issue in just a few weeks!
As a holder I want further clarity what has actually been agreed as part of the placing, what is enforceable and what can be voted down. Ie if the warrants are voted down what if any are the impacts on the deal made with the placing investors? The continued delay on this issue concerns me as it should have been dealt with already. A higher SP makes little difference as shareholders won’t vote for dilution under the circumstances even if at 5, 7, 10p so what’s the issue here? Lastly do they actually need £5m and what’s it going to be used for? Comms are falling well short. I genuinely hope this all blows over, there are no further issues and we move higher