All this excitement and high levels of expressed emotion about when (not ‘if’ I note) ZEMA will give approval. What PIs are clearly avoiding is the likely consequences of this. If ZEMA approve, there is going to be a very dark and ominously stormy cloud, in terms of funding and its consequences, appearing over those who currently hold at already massive losses. Masoud can wink coquettishly at the Chinese and VCs, slap on the rouge, show them a bit of cleavage, expose a little of his well-turned ankles...but when he goes for a Sharon Stones-esque leg crossing manoeuvre, he will be lucky to keep hold of his crown jewels, never mind any discernible value in the SP (until consolidation obviously). Some believe that de-listing is a possibility before being BMR is stripped down for peanuts by the new investors…and many on these boards are waving them in with garlands and excitement…others (perhaps the silent majority) suggest that dilution at way below 2p will lead to a SP of almost half of today’s level…who knows?!? What is certain is that PIs should be very careful about what they wish for.
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