Earlier today I broke the news that Finnaust (FAM) was trying to get a £7 million placing away at 7p HERE. The company has now fessed up that a placing is underway but it says that it is only trying to raise £5 million. I guess that the roadshow is not going so well then. Maybe broker SP Angel should have put out a 68 page ramptastic buy note ahead of passing round the begging bowl not just a 34 page one?
on ShareProphets | CommentsFiled under: