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Provexis - its placing is struggling: it needs to slash the price

By Tom Winnifrith, The Sheriff of AIM | Wednesday 29 June 2016


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.


On 9 June I revealed that POS AIM stock Provexis (PXS) was trying to get a placing away forcing the company to admit that it had secured "non binding committments " for £160,000 to be raised at 0.24p. Non-binding, as in worthless. Today we get even worse news.


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