By Nigel Somerville, the Deputy Sheriff of AIM | Friday 12 June 2020
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.
AIM-listed Covid-19 uber ramp POS Catenae Innovation (CTEA) seems to have been forced to issue a warning RNS to its deluded loyal band of shareholders. We warned you here on ShareProphets that the last placing, done with the help of a spoof plan to get a Covid-19 tracking system going, would not be enough to last the company beyond the end of June. Now the company has warned that it is in discussion with its broker in relation to a fundraise at “a significant discount” to the current share price. Time for a glass of ouzo, methinks…..
Already a subscriber? Click here to sign in
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen