TomWinnifrith
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HMA

51 days ago

Hamak Strategy: surely this is an RTO and a prospectus is needed? Where is the FCA on all of this?

I shall be writing to the FCA shortly but today’s announcement from Hamak Strategy (HAMA) beggars belief. Quite clearly its proposed #35m double death spiral funding will trigger a change of business, an RTO, and thus it needs to get a prospectus approved by the FCA to go ahead. I have offered the company’s advisors a chance to comment but they appear to have declined. Let me explain the problem.

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