RE: Funds, placing required and that’s not going away21 Feb 2024 09:02
Sharket
Not really, imo
The rampers obviously don’t want a placing these levels, everyone gets that but today £10m in cgp shares gets them enough cash to carry on when they are burning $2-3m a month is a band aid, which just kicks the can further down the road until a monetisation event occurs which some rampers, on here, have been saying will happen for 5 years.
Why would anyone pay a premium for shares when Solg are in a difficult position no matter what the PR gurus, rampers say etc
The rampers were spouting this bs when the sp was in the teens because Solg were in such a strong position.
The sp is where it is because of the uncertainty and they may not have a choice at these levels.
I get that’s something BBG et al don’t want to face up to……