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Zinc Media – acquisition it is “delighted to announce”, but accompanying placing which is far from delightful

By Steve Moore | Thursday 26 October 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.


Following a positive share price performance since late last month-announced results for its year ended 30th June 2017, with there also subsequently a “Contract Extension” announcement and the shares last closing at 1.15p, there is now from Zinc Media (ZIN) an announcement of a “Proposed Acquisition and Placing to Raise £3.5m” - at 0.90p…


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