RE: Code 1.....25 Mar 2025 15:55
No placing as yet, B1ll.
Ienoman and i will presumably have different takes on that? —- me, i think they needed to place in feb/march, in order to minimise the risk of getting dismal rates & charges for any fundraise, as that will get worse the later they leave it until their cash has actually run out.
so i think it’s problematic for them that they haven’t managed to raise yet, as potential funders will know EUA is increasingly short of cash and can strike hard bargains accordingly.
but presumably on the other hand, leno might well regard it as a good sign that EUA has not placed in feb/march, since he might see it as an indication that EUA’s cash levels are in better shape than i think?
such will become clearer either way, of course, as we approach the next set of published results.