These guys appeared to raise a bunch of cash from their chums today then have the audacity to circulate an email giving retail investors a couple of hours to get in at 10p per share

Sounds to me like they're financially screwed and trying to pull a fast one over smaller investors whilst saving their own asses

does anyone know what's really going on?

it's linked to Galaxy Digital and they've clearly had time to write a full on legal announcement but the absolute gall to cut out retail holders