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EQTEC – after last month ‘2019 results & new broker appointment… I wonder why?’...

By Steve Moore | Thursday 9 July 2020

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.

Last month I wrote on EQTEC (EQT) 2019 results & new broker appointment… I wonder why? – concluding the shares have since soared to a current 0.56p, capitalising the company at £22.5 million… and now a “pleased to announce” appointment of a new broker, I wonder why? Attempted discounted fundraising ahoy? Certainly presently bargepole ahoy!. The shares last closed at 0.68p… but now “Proposed Placing & PrimaryBid Offer to raise £10m”...

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