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KRM22 – “placing… to provide the company with additional working capital”... Or not?...

By Steve Moore | Thursday 7 November 2019


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.


“KRM22 plc (AIM: KRM.L), the technology and software investment company, is pleased to announce that it has conditionally raised gross proceeds of approximately £1.0 million through a placing of 1,895,765 new ordinary shares… at a price of 52 pence per ordinary share”. Hmmm – having only joined AIM at 100p per share little more than 18 months ago and the shares last closing at 54.5p, it really “pleased to announce” this?!...

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