See below from the latest RNS. I must admit that Richard Griffith (who is a clever chap) CEO of ORA is playing a very smart game here. If he isn’t to bid for the balance equity then they have created a very “squeezable” stock dynamic with a small free-float now and most people still underwater - even those that participated at 1p - as the original purchases were likely much higher (only 11% of the company turned over sub 10p in the last 8 months). They are unlikely to dampen a run in the stock until 10p+.
Perhaps ORA & IP2PO are looking to maintain the new market cap ready for a new equity raising in 9-12 months time and with a few positive RNS’s behind them? Either way for CWR shareholders, it’s only good news (apart from for “Sueyou!”! - where’s the writ Sue?!) - there could be a serious squeeze around the corner.
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