By Steve Moore | Wednesday 20 April 2016
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.
Despite claiming that a gross £400,000 of funds raised last week “will help us deliver on our objective to establish Strat Aero (AERO) as the go-to-provider of UAV enabled technology to the commercial, educational and military sectors”, I noted continuing concerns on funding as the shares slid from approaching 2p to 1.5p. Today the company “is pleased to announce… it has raised a further £477,250 (before expenses) by way of an additional placing”. Hmmm…
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