Foreign exchange services provider Cornerstone FS (LON:CSFS) is another poorly performing AIM new admission. Although it has not done as badly as Parsley Box (LON: MEAL) the Cornerstone FS share price has more than halved. Cornerstone a buy and build strategy in the international payments sector and the share price is important because it is the main currency for the acquisitions.
Last April, Cornerstone FS raised £2.24m at 61p a share, which valued the company at £12.4m. The share price has fallen to 29p, which is just above the low for 2021.
A former shaving products company shell was...
