My guess is they have taken a call from a current institutional investor, like Vanguard, who would like to take a more substantial position.
A board meeting was held … and the $s were such that they decided to accommodate … bird in the hand and all that.
$20m at .22c
Market reaction will be subdued … business as usual.
In the meantime really excited about Airbus endorsement of Akida, recognising Tata and Airbus have a very cosy, multifaceted relationship.
My guess is they have taken a call from a current institutional...
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Mkt cap ! $371.1M | |||
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