Fulcrum related party loan note deal looks terrible – no good reason to buy with dilution to come at a 75% discount
By Gary Newman | Tuesday 6 December 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.
If you’re a small company in need of cash to keep the lights on, then the current market isn’t a good one in which to be trying to raise capital, and is leading to some truly horrendous deals for existing investors.
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