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Forbidden Technologies - placing & open offer

By Steve Moore | Friday 21 June 2013


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.


Forbidden Technologies (FBT), the AIM-listed owner and developer of leading ‘Cloud’ video post-production and editing platform, ‘FORscene’, has announced an up to £9 million fundraising for expansion and further development. Conditional on 15th July General Meeting approval, £8 million is to be raised via a “significantly oversubscribed” placing at 20p per share, with a further up to £1 million via an open offer at the same price.



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