well they have already said they are raising some for listing on AIM for the IPO there - 4 to 10Mil. That's not too far away. Maybe its that, I don't know how much cash they have but maybe they need to raise some here as well prior to that listing. I think they need to have so much in the bank to meet AIM listing conditions prior to listing, if that makes sense.
Now, whether the AIM money counts or not I don't know.
Just guessing they may need a full year working capital.
My guess is raising some here for that, but's its only my guess and nothing more.
The price of the cap raising would have been set and probaly at a discount to current market price.
TPT Price at posting:
64.0¢ Sentiment: Buy Disclosure: Held
