By Nigel Somerville, the Deputy Sheriff of AIM | Friday 9 October 2015
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.
I was taking a look at what happened to ex-AIM listed and Filthy Forty constituent Sorbic International (SORB) after it was booted off the AIM Casino earlier this year. Can we draw some lessons? Are there some clues as to why so many of the Filthy Forty have shown that they should never have been allowed near the world’s most successful growth market? We need look no further than its interims, released on 30 June 2015 where all is laid bare, plain for all to see. It is utterly shocking. It shows that there can be no corporate governance which can be relied upon.
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