By Steve Moore | Wednesday 20 November 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.
In August on Proton Motor Power Systems (PPS) I noted “Financing update” is actually ‘financing support to be stopped’ and, though the company stated it would accelerate discussions it has been in with other potential sources of finance, I concluded with the shares then falling below 1p to a £15 million market cap that it’s relatively massive “other” finance looking to be needed in a continuing challenging financing environment; bargepole/sell as the warm-up begins here for the ShareProphets National Anthem. Now a “Financing update & proposed cancellation from AIM” announcement…
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