Cloudbreak Discovery – Another Round Of Death Spiral: Look At The Chart!
By Nigel Somerville | Tuesday 25 October 2022
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.
I warned in June of last year, when Cloudbreak DIscovery (CDL) joined the sub-Standard List (then as Imperial X) that a £10 million death spiral facility would be trouble for the then (at IPO) £11.7 million capitalised company, with the shares at 3p.
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.