RE: We’re will this end on Friday that’s the question!7 Mar 2022 19:29
Basic maths, they raised £30m at 20p, £20m was for the Morrison’s job and £10m for headroom . They had to use the £10m because of Covid. So they are £10m adrift, do you let a £1.1b turnover company go under for that?. Well, if we were still in the middle of the pandemic with no sight in end then maybe. But we are almost out of it so no chance. Raise 10m, even at the worst at 2p, so what, the sp recovers to 7p to 10p instead of 20p to 30p. But the business moves on from Covid and prospers making the banks etc their usual money. This is worst case scenario, more likely the banks will extend the finance and increase the interest rate slightly. All imo.