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Location Sciences – ‘current relative strength of working capital position’… so massively dilutive fundraise?!

By Steve Moore | Tuesday 4 May 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.


Previously writing on Location Sciences Group (LSAI), in March I concluded that the financials together with ‘business review’ uncertainty meant it remained on the bargepole list. Now a “pleased to announce” fundraising, though the company also arguing “the current relative strength of the company’s working capital position”. Hmmm…

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