Open offer7 Jul 2021 09:45
So sando has raised 5 m and he is also sending a circular out to existing share holders to raise up to 5m if we all take up the offer . 10m possible raise of funds if all holders take up the offer. Is he taking the mick , 10 m of dilution?
Correct me if I’m wrong but this is completely taking the pixx, why does he need to raise 10m? For his wages and another bonus?
From ukog
“For the avoidance of doubt the Placing Shares will not form part of the shares eligible to participate in the Open Offer.”