Shares in Asia Digital lost another 42% of their value in stock market today after some six million shares changed hands. This is the second large fall in share price in the last week (see Asia Digital shares slide by a further 30%).
The AIM-listed digital advertising sales company previously known as Deal Group Media has seen its share price fall 60% so far this month - from 2p on 1 October to 0.80p today - reducing the company's market value to £4 million.
Last month the company reported a further post-tax loss of £1 million for the half year to 30 June, increasing the deficiency of shareholders' funds to £1.9 million (see Asia Digital reliant on Eastern promise after reporting another loss).
© Fintellect Ltd
Asia Digital, the financially-stretched AIM-listed digital advertising sales company, has raised an additional
BOB WILLOTT
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