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09:23
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Originally posted by theloft:
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On (3) I hope that is a misinterpretation, because if it's not, it's utter BS. The ADN price was only briefly at 40ish, but there was plenty of scope to do a capital raise in the high 20's. It has nothing to do with MEP as they were obviously talking to MEP when the CR was done. However, there was no certainty of a transaction etc. so from a continuous disclosure viewpoint - crucial in cap raises - they can genuinely hide behind that.
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Points taken onboard, but my 40c was purely a figure demonstrating that a much higher price could have been achieved, I think a raise around 32c was easily achievable back then.
(20min delay)