RE: Out of sync10 Mar 2021 11:53
I actually don't think its the placement itself that has dented confidence its the manner in which it came about and was executed.
Most investors can see the bullish position this puts the business in, but the fact that the directors sold shares, and then suddenly needed to raise 26m quickly a couple of weeks later without the greatest of explanations, comes across as rather dodgy, rushed, and to be blunt, quite amateur. Giving retail investors 1hr to register and take part, I have never seen before.
Its the kind of thing you'd expect on an AIM stock but not here.
BUT, it is done now, and we should look forward once this background selling/transfer whatever is finished