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Crossword Cybersecurity – after in November “firmly committed to achieving profitability without needing to raise additional capital”, now loan notes issuance!

By Steve Moore | Tuesday 5 March 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.

Crossword Cybersecurity (CCS) has announced “it has entered into agreements for five year, unsecured, convertible loans to the value of £275,000… to provide additional working capital as the company focuses on achieving EBITDA and cash breakeven in the second half of 2024”. Hmmm, just stating “focuses” on something far from means that it will actually be achieved and how sufficient is £275,000?
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