Market's view on Bezant Res
Published on April 2024
- A stock watcher mentioned an amateur investor buying shares with a high spread, indicating a lack of experience.
- Concerns were raised about the company’s future, suggesting it might face either significant dilution of shares or complete failure.
- A stock watcher advised that the company’s situation is beyond repair, advising others to salvage what they can.
- Colin Bird’s track record as CEO was criticised for the significant reduction in share prices across multiple companies he managed.
- Discussions included the issuance of 3 billion new shares, each accompanied by a warrant, potentially increasing total shares to 14 billion if all warrants are converted.
- It was suggested that the company’s financial status is precarious, with the last accounts indicating material uncertainty about its continuing as a going concern.
- There was speculation about an imminent share placement that could further dilute current shareholders’ stakes.