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Mobile Streams – with AIM Nomad travails (amidst going concern challenges), step forward you know who…

By Steve Moore | Wednesday 27 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.

Previously writing on Mobile Streams (MOS), last month I noted the shares are down on this latest to currently 0.20p – and that also down from 0.40p in March though still up from 0.10p early last month… a loss-making company with declining revenue and already limited cash whose directors consider a public markets transaction “unlikely” and believe its “best interests” are to de-list from AIM, with a recent General Meeting showing circa 56% support for the latter (albeit below the 75% required). How’s that Nomad due diligence going to go?! Now though the shares are back to AIM trading!...

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