Risk20 Mar 2024 18:48
Be aware of the risk , DYOR, rampers been ramping all day, if we do not hear soon if they have raised the equity finance it’s game over ! This will be make a mint or loose the lot, only invest what you can afford to loose.
Cap-XX added that it is now in a "highly constrained financial position" and additional financing is needed by the end of this month.
"There is no guarantee that an equity financing will be achievable and, in the absence of any additional financing being available, the board would have to take steps to preserve and maximise value for its creditors and should the company fail to achieve a solution in the short-term, the board would have no option but to place the company into administration. In this eventuality, it is not known how much, if any, value would be returned to shareholders,"
GLA