Cloudbreak Discovery – FY Results From Sub-Standard Corporate Shit-Show whose CEO should be in jail
By Nigel Somerville | Wednesday 25 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.
Sub-Standard listed Cloudbreak Discovery (CDL) released its results for the year to 30th June 2023 this morning. The release was partial (no auditor’s report), the Annual Report is yet to appear on the company’s website and it needs cash. What is clear that this is a corporate shit-show: having been on the market for just two years it has spunked £12 million in retained losses and the stated net asset value is just £2 million – and it gets worse….
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.