Saturday 24 June 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares

Hal-o no again! – prospective HaloSource investor not re-applying for approval, c. 17 days to stave off insolvency for Woodford dog

By Steve Moore | Tuesday 13 June 2017

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.

Writing last week on HaloSource (HALO), I noted a Chinese governmental approval to enable a cornerstone investment had not been granted and that the investor was now to seek to make another application for the approval. However, I questioned why will the outcome be any different this time? And, even if it is, how long will it take? There is now an “Update on Fundraising and Funding Options” announcement from the company. Uh oh – that was the funding option, so what now for this Neil Woodford dog?...

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