Disclosure: The author has a short position in one or more of the shares mentioned. 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.
CPP (LSE:CPP) shares have roller-coastered spectacularly since founder and 58% shareholder, Sir Hamish Ogston, walked away from his 1p per share bid back in June. They have been from 2.5p to 42p and now sit at 16p valuing the company at £27 million. The whole episode demonstrates the dangers of being short a bust company which is given a stay of execution.
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