RE: 2 Camps21 Nov 2023 09:32
Read this part of the RNS and think why this will go for 0.25p as they have stated they have 6 weeks left to trade basically with no extra funds
Velocys said it continues to explore cash control and other measures to extend its runway. Nonetheless, it believes it is "unlikely" to be able to continue as a going concern beyond the end of 2023, if it does not obtain short-term funding or implement any "meaningful" strategic options by then.
We all know these AIM stocks are a gamble but this admission they are in a desperate position means there will be no big offer from an alternative buyer.
I give it 10 days max before they announce that they will sell for 0.25p already stated