By Nigel Somerville | Thursday 7 February 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.
The good news for Neil Woodford – which might helpfully take his mind off the impending 100% wipe-out with his revolutionary water company (Halosource – see HERE) – is that investee Allied Minds (ALM) says it has extended its cash runway to support Allied Minds’ activities into 2021. I guess that should mean this collection of dogs won’t need bailing out by Woodford for two years, except Neil is bailing it – or rather two of its investees - out at the moment!
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