By Steve Moore | Wednesday 12 August 2015
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.
Following a 3:33pm “trading update” in June I warned that Clean Air Power Ltd (CAP) was urgently scrambling around for funding options and on its track record - 'having been founded in 1991 and spent around £50 million in developing the technology, Clean Air Power remains all about the potential to deliver significant value – having still not delivered any’ and executive greed (see HERE and HERE). The shares have now been suspended from trading on AIM “pending clarification of its financial position”…
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