NEWSFLOW
DeepMatter (#DMTR) – up to £1m subscription at 0.04p per share, proposed AIM cancellation
- 2022-12-01 07:59:59
Previously writing on “digital chemistry data and software” group DeepMatter (DMTR), last month as the shares soared on a “delighted to announce” new agreement, I asked when’s the next attempted bailout fundraising?. Now the group has stated that it “anticipates it will seek to raise c.£1m from its major shareholders”, but there is also much else.
Digital chemistry data and software group DeepMatter (DMTR) has issued a trading update and an announcement that it is “delighted to announce an important licensing agreement with Merck” – and the shares have currently responded to 0.14p, 80% higher!
Digital chemistry data and software group DeepMatter (DMTR) has announced results for the first half of 2022 emphasising that its “concept of providing our customers with easy access and the ability to exploit data, is gaining international industry recognition. A combination of a growing pipeline and our H1 investment programme is expected to drive deal-flow in H2”. So what of a currently little changed 0.11p share price, £4.4 million market cap?
‘Digital chemistry’ data and software group DeepMatter (DMTR) has announced it has appointed Alan Aubrey as non-executive Chairman, emphasising he “has a successful 20-year track record in founding, developing, and growing disruptive technology businesses… brings significant experience to the group in the commercialisation of science and the creation of high growth technology businesses that address global markets” and Chief Executive Mark Warne “delighted that Alan will join us as we enter the next phase of growth”. What of a share price rise to 0.13p?...
‘Digital chemistry data and software’ group DeepMatter (DMTR) states that it is “delighted” to be working with Springer Nature to provide the “leading global research publisher” with products and services making sharing research data faster, easier and more impactful. So what of a current more than 4% higher share price response to 0.12p?...
On Monday on ‘digital chemistry data’ group DeepMatter (DMTR) as the shares fell below 0.70p I concluded hopefully our prior warnings were heeded, though still bargepole / sell. Hopefully at least that warning was heeded as now a Christmas Eve “Placing, Subscription and Open Offer”...
Previously writing on ‘digital chemistry data’ group DeepMatter (DMTR), in September with the shares at 1.35p I concluded that ‘I suggest it doesn’t have adequate resources and funding arrangements ‘choice’ for long and still currently bargepole/sell’. The shares last closed at 1.05p... and now a “Business Update and Financing”-titled announcement and the shares currently below 0.70p!