Latest Views & News

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…

You must be a registered member to read this story
ShareProphets is reader-supported journalism

Join us for free and gain access to three articles per month

Or become a member starting at £5.99 per month for all articles, the Bearcast, and our seven year archive.

Filed under:

Subscribe to our newsletter

Daily digest of our latest stories.

Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was