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BREAKING EXCLUSIVE: Project Coffee - Audioboom set to place again at 2.5p

By Tom Winnifrith, The Sheriff of AIM | Thursday 25 April 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.


The codename for the latest bailout funding of Audioboom (BOOM) is Project Coffee. The presentation, which I have seen, gushes about growth opportunities but that is always the way with this serial deliverer of jam tomorrow. There is no mentioning of burgeoning trade payables. That is always the way with Audioboom and its bailout placings. Anyhow, the company is, according to its jargin filled document "now seeking to raise a ‘growth’ capital round of c£8m at c2.5p per share."  With the stock at 2.3-25p that might be a bit of an ask. Time for an official comment on this ShareProphets scoop methinks...

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