They should raise enough so they don't need to raise again for 12 months other than a rights issue
They are not allowed to issue more than 25% of additional shares without shareholder approval or unless it is a rights issue.
So likely to see 80m new shares but cashed up to get the product to market I am hoping to be able to buy cheap on Wednesday when it comes back on.
This is good news just hope the new shareholders are strategic and back the company for 2-3 years.
Add to My Watchlist
What is My Watchlist?