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.
Writing on cleaning, hygiene and decontamination group REACT (REAT) in October with the shares falling below 2p, I concluded cautiously including noting net cash of £0.567 million comparing to £0.771 million at the half-year. It now reports a “proposed placing to raise £5.5 million underpins… strategy and in particular, provides the certainty of funding essential to acquire the opportunity we refer to as Target A”.
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