RE: Positive RNS’7 Apr 2020 20:59
The rumors are they are raising 200M. Meaning the MC will also increase by 200M! To sell about 15M new shares (18.8%) for 200M, the average price obtained per share should be 13p. A total of 100M shares and a new MC of 1.5 billion (1.3B + 200M) gives a share price of 1500p after dilution.
No wonder people started to buy again after the dip at 4pm as the markets seen the news before it was coming.