Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Gelion (GELN) “is pleased to announce… due to further demand in the accelerated bookbuild process… increased the size of the placing and subscription to approximately £1.57 million… at an issue price of 15 pence per new share”. That is with CEO John Wood having argued the new funds “will help us drive forward our goal of integrating Gelion's technologies into global supply chains… We are deeply grateful for the continued support of our shareholders and are pleased to welcome new investors joining us in this fundraise”. So what of this and a currently unchanged 17.5p share price?
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