Yeah, 100 million kronor is coming from the share issue, which will bring 200 million new shares at a price of 0.50 SEK, and 40 million kronor of that will immediately go to repaying the bridge loans of these major owners.
I’ve been wondering why the stock price hasn’t reacted more to the share issue news, given that there were only 22.5 million shares before. Because the price only dropped temporarily to around 1 SEK and then almost recovered to previous levels, the company is now suddenly 10 times larger in market value when you take the new shares into account. Maybe the trading volume is so low that individual buyers can still sustain the share value.
The Q2 result is expected to be quite bad according to the announcements, as another 17 million kronor expense from earlier times was reportedly found. I’d be surprised if the stock doesn’t tank again at that point.
By the way, has anyone found information on when the extraordinary general meeting, which approves the new share issue, will be held and when the new shares will be listed?