By Steve Moore | Wednesday 12 December 2018
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.
Writing on graphene-based products company Directa Plus (DCTA) in September, I reviewed do road test & CEO share purchase merit the shares soaring? – concluding by noting “recent half-year results from the company showed a €1.75 million loss on revenue of just €0.57 million, with net cash down to €4.6 million. The shares have though currently spiked to circa 70p, capitalising the company at more than £30 million. Caveat emptor. Avoid / sell”. At 11:30am today, “Proposed Placing to raise a minimum of £3 million”…
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