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 “B2B video streaming solutions company” Aferian (AFRN), in March with the shares falling below 30p I wrote “financial position remains robust”. Really?!, as shares slump again – concluding that I hope my prior warning was heeded and certainly continue to avoid/sell. Now, with the shares just above 17p, an “Additional funding secured and trading update” announcement from the company.
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