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Octagonal – the innumeracy of Nilesh Jagatia exposed and can it fund its promises?

By Tom Winnifrith, The Sheriff of AIM | Monday 11 January 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Today’s RNS from Octagonal (OCTshows clearly that it tells lies and is thus run by a liar in John Gunn.  However, it also suggests that its FD, AIM’s worst FD Nilesh Jagatia, cannot do basic maths and that its promises of a dividend and share buy backs are reckless in the extreme. Ahead of a GM vote on delisting, how can it be allowed to make such pledges?

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