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.
I first wrote on cyber security services business Crossword Cybersecurity (CCS) in July 2022 concluding, with the shares then at 29p to give a £21.9 million market cap, including that I could see why it could be desperate for a bit more cash and to avoid/sell. I most recently wrote on it last month concluding, though the shares by then down towards 3p, that including with clear financial position concerns and half-year financial details that seemingly dare not speak their name, natch still avoid/sell. What then of today a “Financial Update and Proposed Asset Sale” announcement?
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