By Steve Moore | Monday 23 September 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.
Earlier this month I warned on Distil plc (DIS) ‘“celebrates the first distillation at Ardgowan Distillery”. Er, what about that immediate short-term funding need though?!’ and ‘“Ardgowan - 2nd Annual Open Day”, more RNS Reach attempted ramptastic as there’s an immediate short-term funding need?’. Now this alcohol drinks brands company states that it “is pleased to announce it has conditionally raised £0.65 million (before expenses) through a placing and subscription”, so why are the shares currently further slumping to 0.15p?
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