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EnSilica – “pleased to announce… ongoing support from our shareholders”. Who’s it trying to fool?

Describing itself as “a leading mixed signal chip maker”, EnSilica (ENSI) has issued a “Result of Retail Offer” announcement it states that it “is pleased to announce” and that it “welcome this ongoing support from our shareholders and look forward to updating the market on our continued progress over the coming months”. So what’s the detail from the 70p per share, up to £0.5 million, offer, with the shares having previous to it closed at 74p and been above 100p as recently as last month?

NEWSFLOW

EnSilica (#ENSI) – from 70p per share Retail Offer, raises just £18,344!

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EnSilica – equity raise due to “additional sector and contract momentum”?

Describing itself as “a leading mixed signal chip maker”, EnSilica (ENSI) is “delighted to have received support for our fundraise from both new and existing shareholders”. What though of the market being far from as delighted, with the shares currently down by approaching 7% from a prior 74p close?

NEWSFLOW

EnSilica (#ENSI) – raises £2m at 70p per share and up to £0.5m retail offer