SCi stock drops 17% on Warner Bros funding news

By Patrick Garratt, Friday, 25 April 2008 13:47 GMT

SCi’s stock dropped 17 percent this morning after the company announced that Warner Bros was to invest £15 million in its stock.

The announcement, which also included a significant SCi share purchase by Warner Bros, as well as a new share placement at 35 pence per share, failed to stimulate the company’s stock, which has fallen from 520 pence last July to 46.5 pence at the time of writing.

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