RE: Consolidation7 Nov 2023 17:11
Hi DS,
There is of course a bit of artistic license here and some slight reading between the lines but nevertheless I personally interpreted the wording as so:
The fact they have stated the placing would “see QBT through to revenue” - £2m doesn’t go far in this industry and they’ve allocated the majority to set up its cloud service infrastructure, invest in R&D and allocate some to legal claims and working capital. If they aim to see “Revenue” by the time it’s burned that points to a deal in the pipeline soon.
Also in reference to the placing FG says: “We therefore believe that this opportunity significantly outweighs any short term effect”
Short term effect - maybe indicating the price wouldn’t linger at 1.5p for very long.
Just my thoughts but I see it as encouraging