BREAKING: Applied Graphene working on a placing at an 80% discount to bid price – City source
By Tom Winnifrith, the Sheriff of AIM | Monday 7 November 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.
Such is the terrible track record of Applied Graphene Materials (AGM) - minus 97.8% from peak - and such is the severity of the bear market in small caps that what follows should not be that shocking but it is still shocking. Since last week Applied has been on a dog and pony show with its broker. The aim was to raise £3 million. However, the details are horrific:
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