RE: Fair Value6 May 2026 09:48
So today's share issue to Zeus is just 2.62% of the total shares in the company. So the sell off is well overdone but ultimately it seems a little naive that Zeus hammering at selling 12,000,000 shares today wasn't going to to impact the SP so perhaps they could just have raised the full 4 tranches for 48,000,000 as a discounted placing and got it done. Company is making less than it might have expected from these sales now?
Very odd. I think the SP is so far down because most people can't fathom it. Zeus don't make any profit on the share value, only a brokers fee so why would they be careful or act in the interests of investors? Although REE can stop the arrangement if they want to.
So expect another RNS saying that the first 12m shares are sold and that the proceeds are back in the coffers. But then they will do this another 3 times over the next 3 months?
Am I just not understanding?
mmmm