RE: Potentiall acquisition17 May 2023 16:27
So my take, for what it may be worth, is that this acquisition was planned well before the unexpected delay from the FCA. GST were hopeful of the acceptance before now which would have put todays placing price considerably higher than 1p. Because of this delay, however, GST may have been somewhat forced into this lower price placing so as to not renege or delay raising funds for this announced acquisition.
Despite this, the SP has held/done ok today. It all bodes well to taking this company to new highs once we have FCA acceptance and then acquiring the necessaries for business development.
Apart minor fluctuations, the SP should now move northwards.
GLA all GSTers