Placing13 Jan 2020 08:22
Hi there all, lots of catatonic stuff here. Come on Cheer up. Take a look at the press release, they are still looking at an RTO. The previous press release said they were paying off debts. So how much cash is left after all that, who knows. Prbably not that much. Perhaps you all should be focusing on WHY they only raised a relatively small amount of money, yes, the conspiracy theorists and doom mongers among you may say that its to fund directors salaries for the next year or so. Well you maybe right. However, Cash shells still have to be managed, and if you are looking for an RTO partner, and cash is a scarce resource, how do you fund the due diligence, investment banking fees, legal fees etc to get this thing moving? Well, yes, by having a small placement now in advance of some potentially more interesting announcements.