Clean Air Power (CAP, long been missing an ‘R’) has updated on its liquidation process, including that it expects the AIM admission of its already suspended shares to be cancelled in one month…
Having reported on crap from Clean Air Power (CAP) in June (HERE) and asked in August whether the final crap from CAP was on its way (HERE), it now looks to have been delivered (at ‘no one watching o’clock’, natch)…
Following a 3:33pm “trading update” in June I warned that Clean Air Power Ltd (CAP) was urgently scrambling around for funding options and on its track record - 'having been founded in 1991 and spent around £50 million in developing the technology, Clean Air Power remains all about the potential to deliver significant value – having still not delivered any’ and executive greed (see HERE and HERE). The shares have now been suspended from trading on AIM “pending clarification of its financial position”…
I previously updated on Clean Air Power Ltd (CAP) in June following a 3:33pm “trading update” asking, with the shares then at 1.35p, where’s the shareholders’ bonus and benefits? (see HERE). Things have since got worse…
A 3:33pm “trading update” from Clean Air Power (AIM:CAP) which concludes that “the board has, therefore, decided to initiate a more comprehensive review of the short-term options available to the group with the principal aim of providing the financial stability that the group needs" seems like a clear job for the ShareProphets RNS translation service (extracts from the RNS in normal font, my interpretation in bold italics)…
Clean Air Power (CAP) has just raised £1 million at 4p – a 27% discount to the share price the day before the RNS. The stock now trades at a new year low of 4.125p and this appears a lesson in red flags. I’d not wan t to hold this stock as it strikes me that it is full of CAP.
