By Steve Moore | Monday 13 June 2016
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.
On Plexus Holdings (POS) announcing the raising of $5 million of new equity in April, I questioned whether it was to fast track its entry into the Russian and other markets or to keep the lights on – see HERE. We now further have an answer – with the company announcing a conditional (including on 28th June General Meeting approval) gross £6 million placing including to “strengthen Plexus' balance sheet during the current down cycle”...
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