RE: Placing30 Jan 2022 12:33
Lets face it who will placement share at 5p - no one. I definitely wont be. So they wanted to raise 8m from overdraft, got 2m. when announcing no short term funding, they knew about £2m overdraft - so they cant go back on their word in any circumstance. Increase share price to 20p then place an offer at 20p, im sure that it will be accepted by existing shareholders and new shareholder otherwise they have a very difficult job convincing the capital markets to raise the required funds. If they made a deal, they can ask for advance payment and use that to deliver. There are many options to get around this, starting with a positive RNS from Jag or even a buyin around the current price of 10.65 to show he means business!