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InnovaDerma – discounted fundraising, hopefully prior warnings here were heeded...

By Steve Moore | Wednesday 20 January 2021


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.


Earlier this month I concluded on UK developer of beauty, personal care and life sciences products InnovaDerma (IDP) with the shares above 50p attempted significantly discounted fundraising ahoy? Certainly currently bargepole ahoy / sell, and then with the shares around 50p that a loan agreement just kicked a liquidity crunch down the road and didn’t bode well for the terms of any material fundraising. Today “Proposed Placing and Proposed Open Offer”…

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