By Steve Moore | Wednesday 30 April 2025
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 Enteq Technologies (NTQ), last week I wrote ‘intra-day “Conclusion of FSP, Corporate & Sale Process Update”. Uh Oh!’, concluding ‘it is also stated that “if at any time it is considered by the board that suitable funding cannot realistically be raised then the board will take the appropriate steps to seek to preserve value for creditors”. The key to note in that is “creditors” instead of even ‘stakeholders’ and let alone ‘shareholders’. With the conclusion of the Formal Sale Process also suggesting it’s going to be very good luck for current shareholders to eventually get anything from here, it’s a current share price further crashing towards 0.5p still bargepole/sell’. Hopefully at least that was heeded, after prior caution as far back as a 16p share price in 2016, as the company now announces “Appointment of Administrators”!
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