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Cambridge Cognition – from start of the month “expect that the group will remain cash positive” to now already doesn’t… and a discounted fundraising!

By Steve Moore | Thursday 30 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.


Start of this month-announced results from health technology company Cambridge Cognition (COG) included it having “adopted a going concern basis of accounting and, in doing so, have considered the cash requirement of the group through to the period ended 30 June 2025… Delays to orders that reduce cash below the downside case are likely to require the need to raise additional funds for working capital”. And now a placing, subscription and open offer. Significant delays to orders already then?
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