RE: Where is team FUD now?2 Mar 2023 14:05
RAH,
You are always basing your calcs on max 300m shares in issue which is not correct.
On last count we had 272,411,549 shares in issue.
We still owe £49.4m on the convertible bond. If all this was to be paid back at 118.75p per share in shares, that would add another 41,600,000 shares to the register.
On top of that are outstanding share options.
So even in the event we do not issue more equity to raise funds we are still looking at possible maximum shares in issue, going beyond your 300m.