RE: Moved on and Prepared for Success12 Jul 2024 10:08
I did ask the company I emailed Laura and asked why on earth did they not do an equity raise via open offer as a thank you for existing shareholder loyalty whose SP support allowed the 1.50 placing to go through from memory they pumped out a good RNS and raised the next day! All along they have simply not worked in shareholders best interests but have used and abused them. I never got a reply. If they wanted to they could have easily and probably got more through open offer participation but instead a ridiculous HUGE unwarranted discount and they even had the gaul to take some themselves. This board is awash with traders who drive up the sentiment here with talk of guarantees yet never do they make reference to not once, not twice, now third betrayal. The fact is this is not guaranteed it hasn’t even had the EWT begun it will be end of August/beg September until those results. They may or may not be bad. Some of us who know HE1 pre the 25 placing and pre Laura know that we have been at this point many times all thinking it is guaranteed but reality is the company failed many many times and cost people millions!
What Toffers has stated re TG certainly explains why they raised so low @50 56.5% slash off holders positions and why they said they didn’t have a choice. If you are running a listed company you should always have choice IF apparently the company is doing such great things. It is not confirmed commercial or even confirmed viable it is like the journey many have been on and still a massive gamble. Personally I will wait to get back in sub 1 not even at the 92-95 region for gap to be filled which it nearly reached on Wednesday and only as a trade if it goes lower than that gap area. The drift will begin soon there’s nothing to sustain it and the timeline is set.6-7 weeks do you think all the rampers and day traders can keep it afloat I don’t think so - in that long period of time something shinier will appear and off they will pop! IMHO DYOR