2.2p Warrants4 Nov 2018 09:53
These have a 30 month exercise period, ending in January 2019. (Issued July 2016)
Also note:
The New Ordinary Shares rank pari-passu with existing Ordinary Shares and will be admitted to trading on AIM when the current suspension is lifted.
Are those exercising the warrants at 1.2p and, more importantly, 2.2p complete fools, expecting to lose money? Or, do they believe that when relisted they will be worth considerably more than 2.2p?
With a further £1,250,000 available for exercise (£500,000 @ 1.2p by end December 2018, and £750,000 @ 2.2p by end January 2019) will they all be exercised? "Follow the money" for those with doubts and concerns (What value of warrants have been exercised since suspension?)
I am convinced that the share price will open above the 2.65p pre-suspension price for the reasons given above, and belive there could be a premium placing before re-admission.
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DYOR
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GL
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