Working capital18 Oct 2019 10:57
The company needs to secure working capital in order to keep suppliers at bay and there is no more scope for debt. So management needs to reach out to existing institutional investors to fund further share capital. the face value of the ordinary shares is 10p. I think the share offering needs to be around 15p to make it worthwhile for institutional investors to put more skin in the game to benefit from the upside and make good the loss in share price from 100p.
So I will wait for the share price to fall to 15p before I put a buy order in.