Give us the next placing please... If we need one.4 Feb 2022 13:40
Clearly a lot of sells coming from our last placing in Nov at £3m. We've had quite a stream of good news which has been sold into each time resulting in us going nowhere for months. Still no offer on primary bid for private investors this last time which I would argue, would hold tighter and not flip for each quarters profit.
While no where near as bad as the 10p placing beforehand which slashed 50% off the share price at the time, the last placing is still hurting us moving forward. It's just a licence to print money for those "existing" shareholders who clearly have no interest in holding those placing shares. Any news and its trigger happy selling while private investors buy the news and then get stagnated.
Don't get me wrong, TEK are really improving their businesses and the Share price has done well since that 10p placing. However I do feel strongly the current money raising ways via the market is killing the companies potentail share price growth. I suspect that is why more crowd funding is being done as they see institutions are too sell trigger happy. I just wish existing small shareholders were included in these market raises as for the last few years, its done nothing but punish those faithful holders.
So what I am saying, is if we do need another raise (which to be fair, after LUCY floating, we may not). Please please, do it closer to actual NAV and include us.
Once these placing flippers are finally gone (can't be much left), we will rocket up on news like we used to before all the placing shares went into slippy fingers.