By Steve Moore | Monday 4 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.
Almost straight away on its 148p per share December 2015 AIM IPO, Tom Winnifrith concluded on security software company Defenx (DFX) shocking greed and a crap investment. I first wrote on it in 2017 “satisfied” with trading less than a month ago… now “materially below” profit warning, concluding already eating into those new funds, it’s got to reach the medium and long-term first! It’s thus unsurprising to see the shares currently crashing (towards 60p) and the stance; bargepole ahoy!. Most recently it was don’t investors deserve an explanation as to why an audit has not been able to be finalised in six months? and now… “Proposed cancellation of admission to AIM”…
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