BREAKING: TruSpine – Mortgages Itself, But What Is The Security As Things Go From Bad To Worse
By Nigel Somerville | Monday 1 May 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.
Oh dear, oh dear, oh dear. If you thought things were bad at Aquis-lobster-potted TruSpine (TSP) they seem to have got a whole lot worse. Quite apart from the sack-the-board EGM Requisition, it now appears that the company has mortgaged itself up to the hilt – including its intellectual property…….but I might have bad news on that front. Oh, and it is Ouzo time once again as the company finally admitted that its would-be funder announced back in January with £200,000 available immediately isn’t funding it after all. Again. There's a surprise......not!
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