tinytim14 Jan 2010 09:41
I've read this twice now and unless I am missing something there is no offer to the likes of me and you.
The fact the placing is at only a small discount to the current SP, in my view is good news for the PI. Had the new shares been offered to ourselves at a better discount, say 0.75, we would have felt more obliged to participate. Now we can let it ride and the decision to add is purely our own. Ok we have had to suffer a big dilution, but in return the company survuves another 18 months at least, with huge support in the SP at a penny
We really need sales to pick up from here or there will be another cash call around that time and another dilution.
It remains what it has always been for me, a speculative buy and long term hold. Stick a few quid in every now and again that I can afford to lose and live in the hope that one day the product takes off, the company turns a profit, the gamble of buying into it pays off and we see a double figure SP. Thats what you get investing in early stage Medicals.
GLA ,chat again in a few months.