RE: Share price8 Jun 2024 12:37
Given the company issued an RNS recently saying we either raise cash at a huge discount or we go into administration, and that they would not expect to be in profit for 3 years, my hope now is that this tumbles a lot further. Perhaps as low as .5p in the next two months and then add to my holding and just tuck it away in the bottom drawer to see what happens by 2027. I would hope it can recover by then back up to something like .15p and in which case I'll triple the investment I make at the lowest possible price and recover most of my current losses made over the last couple of years.
Just be aware this absolutely archetypal AIM Director behaviour. Say one thing to lure in retail investors and then spend all the money and then come back for another raise. My feeling there will be another placing soon as Lars doesn't have a scooby on how to run the company and is not in the least bit worried about the share price for another 3 years. So, raise at even lower levels and see further Director buys and bide your time here. .05p by Sept imo if not before and then load up time. Dr C I suspect has invested simply to stop the risk of teh company going bust and lose all his investment to date. He's adding to save it, not make huge gains imo. Once the sp is back to .15p he'll jump ship imo.