Disclosure: The author has a short position in one or more of the shares mentioned. 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.
AFC Energy (AFC) is currently enjoying its day in the sun as the AIM Casino’s favourite fuel cell stock. Hydrogen fuel cell technology companies were all the rage in 2006/7 at about the time AFC Energy was floated, with Ceres Power and ITM Power reaching stratospheric valuations before crashing back down to earth and, in the case of Ceres Power, all but wiping out shareholders.
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Comments
shaun
Agree. Huge amount of hot air has sent the share price soaring. This helps cash given the equity swap deal they have in place, if share price averages 26p between now and october, they will have zero cash by mid october by my calculations. If share price collapses it will be mid june cash crisis.
Shaun (short)