The shonky query is ultimately the only question that needs to be answered (ie, why the rush to raise last minute, at such a discount). Typically the simplest explanation is often correct (ie, big flop incoming, and need to get some cash in the door to sustain the business)….BUT as many long/mid term holders know nothing is ‘typical’ with this company. There is always something happening in the background - as we just discovered with Infineon (which appeared from nowhere). They need money to fund the Infineon design contract- it’s that simple (or is it?- who knows). Pl6 success, feeding into Infineon design would be epic, and is not priced in even remotely. Anyway, what will be will be.
for perspective we’ve now had approx 90mil shares sold/bought during this drop- approx 4.2% of all shares on issue..so still minimal in the big picture.
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