Wait/caution13 Jun 2019 22:12
113mio shares at 8p is £9mio mcap, they raised £4.5mio, these are the facts. If one digs into listing RNSs you can see that there are some historic warrants with higher strikes which would in any case if exercised bring in further cash. The other side of the coin is that at least 30-35% of the shares is in sticky hands and probably more as some are key connections which invested for the x10 plus returns, hence reducing the float nicely. Finally have a look at the cv of the key board members and connections, this is the greatest value driver in this stock even before they start deploying their cash. I have bought today as personally I don’t care about 1p more or less when my aim is to x10, but we all have our views