@loadsadough, I don’t understand your comments, ITM have recently had a large fund raise, this is from their RNS in October last year:
“ Result of Open Offer
The Open Offer closed for acceptances at 11.00 a.m. on 21 October 2019 in accordance with its terms and was oversubscribed. The Company therefore announces that is has received valid acceptances in respect of 17,053,126 New Ordinary Shares pursuant to Qualifying Shareholders’ Open Offer Entitlements representing a significant oversubscription of the new Ordinary Shares available under the Open Offer. Accordingly, the aggregate amount raised pursuant to the Open Offer is approximately GBP6.8 million and the aggregate amount raised pursuant to the Share Subscription, Firm Placing and Open Offer is approximately GBP58.8 million.
Application has been made for the 147,053,126 New Ordinary Shares to be issued pursuant to the Share Subscription, Firm Placing and Open Offer to be admitted to trading on AIM. It is expected that Admission and dealings in the 147,053,126 New Ordinary Shares will commence at 8.00 a.m. on 23 October 2019.
Upon Admission, the Enlarged Share Capital will comprise 471,062,527 Ordinary Shares with one voting right per share. The Company does not hold any shares in treasury. Therefore, this figure of 471,062,527 Ordinary Shares may be used by Shareholders following Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of ITM Power under the FCA’s Disclosure Guidance and Transparency Rules.“
ITM results will be out next week.