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.

Neil Ritson of LGO Energy gives 5 reasons to dump the shares – here’s a sixth

By Tom Winnifrith, The Sheriff of AIM

15 October 2015 04:36

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Another day and it’s another conference presentation by Neil Ritson, the hapless CEO, of cash burning & drowning in debt LGO Energy (LGO). And for once I commend him for his honesty in listing five reasons to sell shares in LGO.

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Comments

wildrides

15 October 2015, 04:54

I give you six reasons to sell Premaitha (NIPT) :-

They are going to lose the court case
The price will go to zero
They are going to lose the court case
They will never make a profit
They are going to lose the court case
They will never pay a dividend .
Captain Mainwaring

15 October 2015, 12:11

Mr Wildrides, please leave our beloved NIPT alone sir!

LGO – still sinking steadily (look at the chart, speaks volumes)
Premaitha / NIPT – SP steadily rising, with 68.4% Upside Indicated by Panmure Gordon, 14 Oct 2015

I’d go with the markets on this one..
wildrides

15 October 2015, 16:31

Captain ………….. LGO is falling because Tom keeps unfairly kicking lumps out of it and selectively quoting bits from reports that can be spun badly and ignoring the positive info . The market reacts to Toms pieces as he is well known and regarded for very good reason . However in this case his venom is miss guided . A fact that will become clear if you read the report in full he quoted from in the above article.
NIPT on the other hand is going down again when the effect of repeated ramps on HSR subside and the court date gets ever closer . If you are confident then sell and buy back in Sept 2016 just before the court date . There is no merit in holding NIPT now .
I think they will lose the court case and holders will get wiped out.