By Steve Moore | Thursday 4 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.
Previously writing on company describing itself as “a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems” CAP-XX (CPX), in February with the shares down to 2.6p I noted cash burn concerns and to avoid/sell. Now the company states that it is “pleased to announce” an equity raise, and what of a current 1.4p share price?
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