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MySale – “a leading international online retailer… pleased to announce…”. Er…

By Steve Moore | Monday 2 September 2019

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.

“MySale (MYSL), a leading international online retailer, is pleased to announce an open offer to raise up to approximately £2.1 million (before expenses) by the issue of 102,887,768 open offer shares in the company at an issue price of 2 pence per open offer share”. It has also just conditionally raised £11.2 million in a placing at the same price – with these after it having IPO’d on AIM just over 5 years ago… at 226p per share!…

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