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Gotcha: 88 Energy ‘ fesses to placing at just 0.16p but it naturally misleads investors

By Tom Winnifrith | Tuesday 23 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.


Last night I revealed HERE that 88 Energy (88E) has been trying to get a A$20 million placing away. This morning a rather hurried looking announcement of a book build being underway suggests a panicked response. GOTCHA! The thing is that 88 is not being entirely honest with the mugs and gerbils on its shareholder list.
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