By Steve Moore | Monday 20 November 2023
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.
Previously writing on “sustainable fuels technology company” Velocys (VLS), at the end of last month with the shares slumping to 0.30p I concluded it’s ‘good luck to it raising required funding from here and hopefully my prior warning was heeded. The clear risk suggests still sell/Bargepole’. So what of today a “Funding update and statement re possible offer” announcement?
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