BIG3 Feb 2015 19:22
"The Company has raised, subject to Admission, a total of £925,000 by way of an issue of 61,666,667 New Ordinary Shares at 1.5 pence per New Ordinary Share. 36,408,467 of the New Ordinary Shares will be issued by way of the Subscription, 22,472,133 of the New Ordinary Shares will be issued by way of the Placing and 2,786,067 of the New Ordinary Sharesthat will be issued on Admission as a result of the final $70,000 (£41,791 at agreed exchange rate) drawdown under the Third Convertible Note. As part of the subscription the Directors and Proposed Director have agreed to subscribe for 29,966,999 New Ordinary Shares"
If im reading this right directors ploughed £400k in to here at 1.5p?
That is a huge show of confidence and just shows that PI's are getting a bargain. With shares tightly held at 1.5p you would expect the SP to get back to their and past their quite quickly. Directors must have been confident of good results and why not, see 22nd of dec RNS.
Go time tomorrow. fastest finger on buzzers.