From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Polarean Imaging – “delighted to announce today's successful placing and subscription”. Er, what about the more than 70% discount?!

By Steve Moore | Wednesday 22 May 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.


Previously writing on Polarean Imaging (POLX), in September with the shares down to 11.5p and it emphasising it having “successfully developed the first and only hyperpolarised MRI contrast agent to be approved in the United States”, I warned it’s the balance sheet which soon needed to be revolutionised and, considering the funding environment and a down to below £25 million market cap, it was good luck with such fundraising! Natch, avoid/sell. The shares most recently closed at 3.7p and now CEO Christopher von Jako is “delighted to announce today's successful placing and subscription of $10 million”. Er, why are the shares currently at 1.3p then, a further 65% down?!

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

Saturday »

TUI

Buy TUI – it is out of intensive care

 

HAT

H&T Group – now again a Buy

Time left: 12:04:25