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Modern Water: bullshit packed RNS, placing at 1.25p to raise just £141,696 - prepare for a GM and more confetti!

By Nigel Somerville, the Deputy Sheriff of AIM | Tuesday 3 September 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.


Since my Easter Red Flags at Night piece things have got progressively worse for AIM-listed Modern Water (MWG). At the time of my Easter piece the shares were 5.75p but it has been a ski-slope downwards ever since and this morning the company announced a placing at just 1.25p to raise just a few 50p coins for the electricity meter: £141.696 – and that was before expenses!

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