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Mobile Tornado – discounted subscription and debt conversion for “business development”?

By Steve Moore | Wednesday 1 March 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.


Mobile Tornado Group (MBT) has issued a “Subscription, Debt Conversion and Trading Update” announcement including that its moves “will allow us to accelerate our business development activities further, with the recruitment of additional sales professionals in key markets and the execution of a much more intensive outreach campaign… and is now actively engaged with a number of potential new partners and customers”. So what of a share price currently approaching 5% lower at 2p?
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