This is money..3 Aug 2022 19:06
Onto better news, which came from AI specialist Tintra whose shares shot up 58 per cent on Friday.
The catalysts was an AGM statement from the group’s chief executive Richard Shearer.
He somewhat buried the lead in his commentary, ploughing through all the historic challenges, before arriving at the headline.
The group is developing, in harness with research and investment firm Time Machine Capital 2, what it described as a ‘revolutionary’ banking platform.
Tintra said it is already six months ahead schedule, so it is going out to raise $25million for ‘not greater than 10 per cent of the company’.
If Shearer achieves that goal it would value the business at US$250million, or £205million, making a mockery of the company’s current £27million market capitalisation.
https://www.thisismoney.co.uk/money/article-11061927/SMALL-CAP-MOVERS-freefalling-Parsley-oversold.html
Didn’t notice this write up here last week