RE: Watching Brent on Viagra...16 Jun 2021 11:36
I agree with crocman....
back in september.... last year, The Placing and Subscription
The Company has raised £7 million before expenses by way of a placing and subscription of 4,375,000,000 New Ordinary Shares of 0.025p each at a price of 0.16p per New Ordinary Share. The Fundraising comprises a Placing of 4,127,187,500 New Ordinary Shares and a Subscription of 247,812,500 New Ordinary Shares. SP Angel Corporate Finance LLP acted as sole broker on the Placing.
in todays money - post consolidation, - this 7 million quid, now equates to 20million shares out of the current 99million total market capital. At 30p, they are even, due to the mates rates, at 60p, they will be 100% up.
even if they only top slice to get their initial investment back, that means potentialy 10million shares will be sold, leaving 10 million on a free ride, or, sell the lot and get 14million quid back
so, what croqman says seems a realistic view of the target, 50p... just my opinion.