Versarien: why shareholders should expect very modest proceeds from disposals & what that means
By Tom Winnifrith, the Sheriff of AIM | Monday 30 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.
In today’s general meeting statement from Versarien (VRS) the clear implication is that a bailout and hugely discounted placing is imminent. This will destroy the share price as I explained HERE. Bulls hope that disposals will save a company drowning in £8 million of debt. Here is why they are wrong.
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