Latest Views & News

Chill Brands – Sandore lasts just three months in the hot seat in emergency board reshuffle amid cash crisis

By Tom Winnifrith | Tuesday 19 April 2022

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 fraud, Chill Brands (CHLL), is almost out of cash. It is existing on vapours and is not paying bills. But if it is to get any refinancing away, even a massively dilutive one, the existing board must change, as it is just not credible. Hence today’s night-of-the-long-knives announcement.

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £5.99 per month for all articles, the Bearcast, and our seven year archive.

Filed under:

Subscribe to our newsletter

Daily digest of our latest stories.

Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was