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Proton Motor Power Systems – “Financing update” is actually ‘financing support to be stopped’!

By Steve Moore | Thursday 22 August 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.


Following June-announced results for the 2023 calendar year which emphasised “encouraged to witness market adoption taking place as customers seek solutions to meet emission reduction and energy storage targets and the wishes of their investors and customers, and discover the benefits of Proton's track record as one of Europe's longest established fuel cell development companies”, Proton Motor Power Systems (PPS) has now issued a “Financing update”… and what of the shares currently approaching 38% lower in response to below 1p?
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