“The Placing was significantly oversubscribed.” really?
“Company will have 5,557,964,694 ordinary shares in issue” that’s a lot of shares. He’s issuing ~1 billion shares a year. At the current rate by the time anything is monitised, we will be left with bread crumbs.
I don’t believe much of DW says, I think he’s next move going to be a consolidation.
From LSE on proposed raising, page-101
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