By Steve Moore | Tuesday 17 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.
Last year I noted Cloudcall (CALL) going from ‘clearly enough cash to reach break-even’ to £3.77 million placing in less than 5 months. It stated on that placing that it would see it able to capitalise on “near term growth opportunities, without the working capital constraints which have hitherto restricted our rate of growth”. Just over a year later though there’s now a “proposed placing to raise £5.7million… to capitalise on near term growth opportunities”. Hmmm…
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