AMTE Power – “Financing Update”, bad news travelling slowly?…
By Steve Moore | Wednesday 15 November 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.
At a prime ‘no one watching o’clock’ last week AMTE Power (AMTE) issued a “Financing Update” announcement including that it was “in discussions with equity providers and other interested parties to provide it with sufficient bridging finance… and anticipates making a further announcement with respect thereto early next week”. Is 2pm Wednesday “early” in the week then?! And what of now this further “Financing Update”?
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