RE: EGM will be interesting21 Dec 2022 20:53
“ CEOs of these AIM companies that pull off these massive dilution activities need investigating”
It’s the broker that gets the investor group together, not the CEO. Problem is the institutional Investors know they run the show, they’re the brokers mates, and they won’t cough up the money unless they get a massive discount. The broker won’t go to PIs unless he’s really confident he’ll raise the total amount the company needs. If they don’t raise it all, the deal falls flat. So unless the company is on a massive upswing, the discount is baked into the equation. So the only thing the company can do is not take the Institutional money, preserve the share price, and go to PIs asking for millions. Chance of success?