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CAP-XX – by ‘intended that the majority of placing proceeds are for working capital’, it actually means they are for it to avert being placed into administration!

By Steve Moore | Friday 22 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.


Writing yesterday on CAP-XX (CPX), describing itself as “a leader in the design and manufacture of thin, flat supercapacitors and energy management systems” and with its shares up to 0.275p, I concluded that its financial position meant I wouldn’t want the risk of holding the shares. So what of today a placing announcement?

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