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Tekmar – financing ‘exclusivity period extension’, what of approaching 16% share price fall?

By Steve Moore | Monday 16 January 2023


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.


Offshore energy technology and services group Tekmar (TGP) has announced a 14 day exclusivity period extension for a preferred financing partner, “with the mutual option to extend for an additional 14 day period if required, to allow the preferred partner to complete its due diligence and finalise its proposal”. What of a current approaching 16% share price fall to 14.5p in response?
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