Tom Winnifrith Bearcast: Bravo! David Lenigas tells the truth about dishonesty at the bottom end of AIM
Supply@ME Capital – another mega director share trade spoof, surely even Zak Mir can’t believe this horse?
Verditek – Tiny Oz order as I correspond with one of its lunatic shareholders, a case study in Winnifrith's first law of investment
Previously writing on company with a particular focus on risk management technology for capital markets KRM22 (KRM), I concluded that with 'the noted cash/debt position, still cash burning despite significant cost measures in place currently and contract signing delays even last year, still currently avoid / sell'. Now half-year results and “New Debt Facility”...
Risk management technology for capital markets-focused KRM22 (KRM) has updated including “progress has been made with two new customer wins and cost and debt reduction” and that it “continues to have a strong pipeline of opportunities and is progressing well through the procurement process with two further tier one banks which the company expects will close in the second half of the year”. The shares have currently responded to 28p… approaching 14% lower!...
Previously writing on capital markets risk management technology-focused KRM22 (KRM), with the shares above 50p I questioned a trading update and a director share acquisition providing confidence. Now an equity fundraising announcement...
Previously writing on capital markets risk management technology-focused KRM22 (KRM), in November I noted “placing… to provide the company with additional working capital”... Or not? – concluding “there remains cash danger. As previously concluded with the shares around 70p, at this juncture I certainly avoid”. Now a “Trading Update”…
“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?!...
KRM22 (KRM) was incorporated and listed on AIM in 2018, the latter seeing emphasised “successful fundraising undertaken saw strong demand from a number of institutional and private investors, raising in total £10.32 million through the issue of 10,320,239 new ordinary shares at a price of 100p” and “identified a clear opportunity to deliver significant improvements for our target customers, through our underlying investments, by providing a suite of cost effective risk management tools”. Today a “Trading Update”…
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