By Steve Moore | Thursday 23 February 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.
Previously writing on company which describes itself as “a leading global manufacturer of utility-grade energy storage” Invinity Energy Systems (IES) last month with the shares falling towards 40p I noted cash burn concerns and now, quelle surprise, the company “is pleased to announce the results of the placing”. How ‘pleasing’ is it?
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