RE: RE: Just shows20 Apr 2024 12:27
FAO Neil and Lovelyboy.
Fundraising:
The fact that existing and new investors have the confidence @2p is a good sign.
Neil, I would have thought , being a high value investor, that you were asked by Broker to take part in this? (That's usually the case)
But taking that logic, existing investors are already convinced - so would naturally take up the offer (although a better deal may have been out on the open market)
I am taking it that's some new investors did see long-term benefits here and maybe were privy to more data/assurances.
However - the pattern of selling beforehand suggests people knew of this fundraise - and were either forward selling or selling presently held stock, knowing the fundraise was coming.
Is that confidence? And is there a TR1? Maybe no one has tripped the threshold.
Still seems that , with the exception of those on this board, only Mr Lang has bought big.
To restate , I think on balance the fundraise was a positive indicator.
However, inter alia , the shock raise was one of several reasons I'm less than convinced by AS and unhappy with their public announcements.
The 120 day "negotiating" period is open to interpretation both to the positive and negative.
I've taken a good 4/5 of my money out. Will definitely be leaving some in, but before investing more I'm going to wait until this MOU turns into a hard contract.
Cheers all, TT