Member Info for Veteran10

Correct - sorry I was meant to have written 1000% Shoelaces comment still applies :)

The placing will have to be cancelled. The company will probably go bust. Just an incredibly poor management team. If they couldn't negotiate better than a 1p placing when the price was 100% higher, they probably can't tie their own shoelaces.

Something very dodgy has gone on here. The CEO should have resigned as he is clearly a clown. I really think AIM need to step in and delist them. The CEO has shown he cannot be trusted at all so the company should not be marketed to private investors.

The most untrustworthy management on AIM. This will go bust.

Then what...sp up 10% on open and 5% down by close no doubt. People are too scared to hold this atm. No news has any impact on the share price it seems.

It's best the company goes bust. AIM should be chucking them out. You can't have companies paying the CEO 259k and bleeding the bank balance dry then doing a placing at 1p when the share price is 1000% higher. What has happened here is the most dodgy charade I have ever seen on AIM. It affects all AIM companies if one gets away with this type of behaviour. Investors will avoid AIM.

CEO is taking 19500 just for car allowance.

Shameful.

258k! He will earn more than the market cap of the company soon. Clearly has no dignity or he would have resigned. There are some disgusting people around. You cannot possible stay in charge after this ludicrous placing.

This does not look interesting. It looks like it has the worst management team in the history of AIM.

Thought this would be higher with Bell doing well recently.

Need a bit more if we are all to own a Klafs Sauna with microsalt technology!

Holders should be taking collective legal action against the company not buying more worthless shares. They need to force the cancellation of the placing.

Well I v much hope you are right! It would be fine by me!

They need to cancel the placing. This also damages Fincapp as well in my eyes. It's beyond distasteful and vulture like to do a 1p placing. Their reputation and Twd is in pieces today.

Never mind Ipo price, most would be ecstatic with 20p

And 16p is below the last over subscribed fund raising too.

Underwhelming.

An 8p increase is not transformational.

8p pre discovery and now just 16p. I do think the management team have failed this year. A takeover is in our best interests but is it for them? Seems like they would rather ride the gravy train. Share price should have gone 50p plus this year, I blame the management it hasn't.

This has been very dodgy since the placing at 70p which was a mammoth discount at the time as well. You have to ask why the management team are in place, they have no ability or credibility.

Management are too stupid.

Not sure how you value this now. All these cheap new shares, 15m in the bank and a couple of factories. I have no idea.

Looks like they have wiped shareholders out. Vote against this if you hold still. I would rather lose the lot if I was a shareholder than allow the scum to do this.