RE: Over-Subscribed Placing and Subscription ......9 Nov 2023 12:43
Hi ITT, the BOD is close to the coal face, especially with Genus and Intellismart. So supposing say with the Framework it was being extended from 5m to 20m, then the BOD (not specific) would know, so what is their situation. Miraculously SP went 17p > 14p > 7p > 10p without any comment from BOD, was this engineered, we all knew Subs stage was going to take time.
So BOD had bonus set at 14p now a rerun with Warrants. Why wasn't this round offered out to all other shareholders then BOD could pick up any surplus. Although all will be forgotten when new contracts arrive I am not happy with current practice, 150m > 325m total so halved. If this new money is not needed by tomorrow then should have been offered out.
DYOR