Velocys – “delighted to announce” launch of new technology facility. Er, what about going concern though?!
By Steve Moore | Monday 23 October 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.
Sustainable fuels technology company Velocys (VLS) “is delighted to announce the launch of its new 52,500 sq. ft technology facility in Plain City, Ohio that will house the reactor core assembly and catalysis operations which form a critical part of the production process for sustainable aviation fuel”. So what of a current 1p share price, £16.5 million market cap here?
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