Please follow Chris "Uranium" Oil: Nine Rogue Bloggers for Woodlarks update – last year we raised £26,000: in 2019, so far…
Union Jack Oil – we not as pleased as it with sale of licence interest… but still imminent “company-changing” potential
Published 289 days ago
AIM-listed Eqtec (EQT) has announced a funding package this morning. The good news is that short-seller Bercheva - run by a convicted crook - has been given the heave-ho from the death spiral facility, but the replacing loan deal seems to offer great terms to the lender and the accompanying placing is at a 35% discount. So what’s the upside for shareholders?
Published 731 days ago
It’s a bloody death spiral - sell! That seems to be the standard response to an announcement that an AIM company has raised cash via a structured financing plan rather than a, often deeply discounted, placing. But that "truism" is a falsehood. Some structured financings are death spirals, bad news for all bar the provider. Others, however, are put together in a way that only work if the share price rises. And that, surely, has to be better than a deeply discounted placing to bucket shop flippers?