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CAP-XX – argues “compelling opportunity” acquisition… so why a fundraising at a material discount?

By Steve Moore | Friday 29 November 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Previously writing on CAP-XX (CPX), I concluded with the shares sliding below 4p I suggest it still remains cash v. cash burn which currently remains THE key thing to monitor here – and, certainly at this juncture, continue to avoid. Today “Proposed Acquisition and Fundraising” – and the shares currently falling towards 3p…

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