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AMTE Power – issues a big ‘up your’s’ to investors with a “pleased to announce” placing…at a more than 81% discount! Hopefully our various warnings heeded!

By Steve Moore | Friday 8 September 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 which describes itself as “a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets”, in July with the shares down to 4.25p I noted it’s good luck with a sustainable financial solution within the next few business days and it remains that hopefully our prior warnings were heeded, bargepole/sell. The shares had since risen to above 9p as financial hopes were raised and now the company “is pleased to announce” that it has conditionally placed new shares to raise approximately £2.1 million and is proposing to raise up to a further £0.25 million in a “retail offer” via the Bookbuild platform. So what of a share price currently down to 2.15p?!

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