RE: Results23 Aug 2019 16:50
whilst your approach is probably the most sensible bothwell ,the situation is exerting a sort of horrible fascination to see what happens next.two things have struck me since this morning.first mellon now has 27.5% so there is very little scope for him to finance the company in this way again if he is to avoid going over 30%. second the s/p is now so much lower that using the financing method of issuing more shares is going be even more difficult and perhaps extremely so if we get,as i think very likely, a very adverse market reaction next week to the announcement that there are no new investors. how on earth are they going to finance in a less dilutive way (as suggested by them) the exciting chinese opportunity?