Price.. not price per share29 Oct 2021 16:10
It's funny how so many of you pull possible share prices out of the air (1.32p is the old favourite).
Look, a buyer looking at SOLG will offer £2billion (for example). There are 2.2billion shares in issue, so that works out at less than £1 a share. It doesn't matter that you bought at 25p and want £1.32p - you'll only get £1.32 if a buyer is willing to pay £3billion for Solg.
And the more time goes on, the more shares are printed, and the less your slice of that £3billion becomes. The disconnect here between what share price you want to be taken out at, and what dilution is doing to your investment, is bizarre.
In the end you may not have much of a choice. I was in KAZ, where many investors were holding on for something like £11 a share (it had been that high once anyway) and the management accepted an offer of £7.50. No one else really had a say. Because they hold so many shares, they still get a huge amount of cash, whereas at your level, with your holding, it's a damp squib of an ending.
£4 a share for SOLG? Why not? We just need someone willing to pay £9billion. And that's before any further dilution.
When I first bought SOLG there was less than 1.4billion shares in issue, now 2.2billion. Dilution is not your friend - you are running up a down escalator all the time. Dilution happy board members are not your friend either - they can be issuing themselves options while you are sitting loyally on your shrinking nest egg.
Sometimes I wish Quady had been around to tell me to buy Bitcoin in 2012.