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Gfinity – “pleased to announce” equity raise, just because it enables the company to currently continue trading?

By Steve Moore | Wednesday 9 August 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.


Gfinity (GFIN) “is pleased to announce that the company has today conditionally raised £450,000… at a price of 0.06 pence per new ordinary share… The recently announced restructuring has allowed the company to focus on its digital media business, Gfinity Digital Media, which has a significant position in the Gamer website industry”. How ‘pleasing’ does this focus and equity raise look for investors?
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