RE: Delayed Admission29 Sep 2025 14:51
Fb2020
'It is expected that Admission of the Firm Placing Shares will occur at 8.00 a.m. on 26 September 2025 (or such later date as the Company, Peel Hunt and Allenby Capital may agree, being no later than 8.00 a.m. on 10 October 2025'
The 'Firm Placing Shares' are the 400m you are referring to. So, if the BOD try to arrange another GM before Oct 10th you may be on to something. All exisitng share holders have been royally fckued here with this initial dilution of 39% at a whopping discount of 64%.
Another 50% dilution to be voted for at that GM in October. At what discount who knows but it can't be lower than the new nominal value of .15p
i think someone earlier referred to all of this as a 'blinder' by the BODs. Well I'm certainly blinded for now and failing to see anything positive on the near horizon for GDR. In one fell swoop the BOD have managed to shift the balance of power in the share holder body very firmly from the pis to as yet an unknown funder and themselves. Remember folks, you voted for this.