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More meaningless and dishonest piffle from World Chess as it stumbles towards its June cash crisis

By Tom Winnifrith | Tuesday 27 February 2024

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.

With its shares at 2p to sell, last month World Chess announced that it was raising 816,000 Euro in five monthly tranches at 5.97p. If that did not set the alarm bells ringing nothing would. Even with that cash, this cash guzzler will be running on vapours by June so more ramping is needed. Today’s RNS crafted by the journalist smearing scumbags at Yellow Jersey PR is just dishonest. World Chess wants to update us on “strategic developments.”
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