This is Planestations second emergency funds application in less than twelve months. Their share price has fallen from 41p on December 1st to 12p on December 16th.
With shareholders abandoning the company faster than new entrants (witnessed by the drop in share price) I wonder what that the chances of getting the funding are.
Their Bankers have also announced that they will withdraw their overdraft facility if this share offering is not successful.
The future of EuJet will be known by January 13th it seems.