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.
Videndum (VID) has issued “Update Announcement”-titled news which commences that it “is pleased to provide an update on its ongoing negotiations with its revolving credit facility lenders and its two largest shareholders”. I most recently wrote on this self-described “a leading global provider of premium branded hardware products and software solutions to the content creation market” in October with the shares up to 46p, concluding it good luck raising new debt or equity at competitive pricing with its still cash burn struggles. So just how ‘pleasing’ are its now financing negotiations?
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