Lobster-Potted TruSpine – the Comedy Continues With A Fundraise Of Just £50k!
By Nigel Somerville | Tuesday 15 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.
Last covered, lobster-potted TruSpine (TSP) on the Aquis exchange had just survived a shareholder revolt to sack the board following a dispute with the inventor of its IP (ownership of which is under dispute). Since then it has sacked one board member, submitted its massively overdue FDA application for a spinal device which I suspect will run into difficulties, remains technically insolvent and today has announced it has raised a paltry £50,000 – not even enough to keep the lights on!
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