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Microsaic Systems – but I thought a prospective fundraise was “in light of… progress to date, and the planned expansion of the product portfolio”?!

By Steve Moore | Wednesday 29 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.


Previously writing on Microsaic Systems (MSYS), in March with the shares at 0.80p I concluded it’s not the board’s belief which is important here and note the fundraising is required following the above financials and from a current £3.65 million market cap. Readers here should not be surprised by this latest and, natch, currently the stance remains avoid / sell. Now a “Strategic Review and Formal Sale Process” announcement – and the shares 0.35p…

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