What the market is missing27 Jul 2020 20:10
*Intrinsic Capital Jersey Limited has just bought 250k shares in DEV at a price of 10p (Correct! 0.8p above the current sp price).
Once DEV issue a prospectus (on or before 31st August) ICJL will then make available another £9.75miliion by purchasing further shares at 10p.
*The Half Year Results today only do not take into account the following:- Post highlights
Post Period End Highlights:
On-boarded Lenovo's direct sales and distributor network; appointed the first US-based channel sales manager; and booked first US sales orders. Revenue in the second half year set to benefit from the launch of the Group's key EdTech products in the US and Canada in partnership with Lenovo
Localised Launchyourcareer.com and VICTAR VR for launch in the Canadian market
Agreed a subscription agreement with Intrinsic Capital (Jersey) Limited ("Intrinsic") to secure up to £10m of incremental investment over a 14-month time frame
Tim Heaton, Chief Operating Officer, appointed to the Board
Successful pilot of a virtual open week with schools, colleges and employers across the West Midlands demonstrating the ability of Launchyourcareer.com to co-ordinate multiple broadcasts across multiple user groups concurrently
Partnership with Veative Labs Pte. Ltd ("Veative"), a leading provider of online and immersive learning to the education sector. The partnership enables the integration, cross-marketing and selling of products and services to provide a compelling careers development and learning programme, in and out of the classroom, on a global basis
Sorry! But am I missing something. It looks like a very positive investment to me.
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