RE: i3e28 Feb 2020 08:57
Juxtapose,
"The word is "rational" - noted, however "Judged by any rational metric, this is a sterling performance of a team determined to succeed." does not appear to be supported by any important metric I have seen and therefore I would propose as an irrational statement. Just my opinion.
"You don't appear to be supporting the farm out taking place at the moment." Not correct, It maybe existing shareholders only hope of extracting any value from here - we await with baited breath.
"You object to the placement and debt financing of 2019" - not at all, you have made this up. However your statement "he managed to raise £45 million in a relatively non-dilutive way". Share count has gone from 42m to 177m (if options are exercised). If someone added 3/4 of a pint of water to a 1/4 of a pint of beer - I think I would call that pretty diluted.
"You don't seem to acknowledge any of the innovative financing along the way" - Give me the baby, not the labour pains.
"So, tell us how you, sitting at Majid's desk, would have financed I3E or would you have just sat there and done nothing other than draw a fat salary for doing nothing, the curse of AIM?" It's always easy to criticize after the fact and with benefit of hindsight - however, many have stated the opinion several times (including myself) that the BOD have handled the news flow pretty poorly and dropped the ball on more than one occasion. This is directly responsible for the lack of confidence in the market and hence the current SP. Also the previous equity raises were made at what many of us at the time felt at were at depressed prices again due to the handling of the news flow (IMO).
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