RE: News ValiRx To Raise GBP1 Million29 Apr 2019 12:42
The reason this dropped is because of more dilution and into the bargain its not really an investment in my eyes. It appears this fund is here to rape the company of cash with penalty clauses etc. It doesnt really fill you with confidence...
Should definitive documentation not be signed by 21 June 2019, ValiRx shall be required to pay the investor a break fee totalling £150,000 (the "Break Fee") plus an additional amount in the event the Company's share price declines in the period to the date the Break Fee crystallises. This additional amount is to be calculated by multiplying the stock performance of the Company (expressed as a percentage) by £1,000,000.
If im reading correctly the % drop mulitplied by £1M? Either the BOD know something or were heading for bankruptcy. And yes i still hold all my investment because its practically worth fuck all to sell it.