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East Imperial – hopefully my refinancing warnings were heeded as now... “the company has ceased trading”!

By Steve Moore | Monday 15 April 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.

Most recently writing on East Imperial (EISB), in February I concluded ‘the market cap now falling towards £3 million and it admitting establishing a US base and distributors has taken longer than expected and sales in China growing slower than expected – not, therefore, I suggest a compelling refinancing proposition, especially in the present highly challenging financing environment. As such, I reiterate to currently be particularly wary of the attempted ramptastic here and reiterate the stance of avoid/sell’. Today a “Suspension of Share Trading” announcement…

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