RE: 1.7p placing, saved from going bust!16 Nov 2023 20:13
Rise tomorrow will be higher than today. 2-3p tomorrow, some missed out it is very obvious reading some background. Reading all the positive media articles, many new investors will only have seen the company headlines Tonight by today’s rns. 10p value here. Many jobs will be saved, this is a big deal for the UK Govt, when a white knight comes in.
Dow Jones
AMTE Power Shares Soar After Pinnacle Agrees on Share Subscription
AMTE Power shares soared after the company said it entered agreements to access around 3 million pounds ($3.7 million) from private equity firm Pinnacle International Capital.pounds.
And
LONDON - AMTE Power's stock made a remarkable recovery today with a 170.59% surge to GBP 1.18 pence, following a dire Wednesday where the company's shares plummeted by 22%, closing at 0.43 pence. The turnaround came after the company announced a series of funding agreements with Pinnacle International Capital that promise to secure its financial footing into the second quarter of 2024.
This injection of funds is expected to provide AMTE Power with the necessary capital to sustain operations well into Q2 2024, easing immediate financial pressures and potentially averting the risk of administration that loomed over the company after Wednesday's steep share price drop. The news has been warmly received by investors, as evidenced by today's sharp increase in share value.