By Steve Moore | Friday 25 October 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.
Most recently on ‘therapeutic technology platform’ company Kooth (KOO) I wrote just a week ago ‘with the ominous combination of being an AIM Awards 2024 “winner” and that being “Diversity Champion”, now contract disappointment (natch!)’. That was, re. “its first pilot contract in Pennsylvania… the company has received communication from the State of Pennsylvania regarding the contract, exercising the State's right to terminate with a 30 day notice period”, which I concluded didn’t bode well for contracts elsewhere with the shares then down to around 240p. They had subsequently slipped further and then fell significantly again yesterday to 176p, bringing today a “Statement regarding share price movement”.
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