UK 09:58 Tuesday, 6 October 2026
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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.
Monday sees the IPO of Lenigas Cuba (CUBA) on the tertiary ISDX platform and there is clear evidence that the flippers are panicking and that this new issue will leave blood on Confetti Street next week.
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Comments
johng
david lenigas @DavidLenigas 2h2 hours ago
@SawherTom No one is panicking from what I have have heard, To the contrary. Tom just being a jerk coz he can’t short ISDX.
Davecandle
Surprised you haven’t had another dig at the admission document http://www.isdx.com/infostore/Company-Accounts/LENIGASCUBALIMITED/c111480CCL.PDF
They managed to raise all of £200k at 5p, 150k of which comes from the Founders and Lenigas’s cash cow, GIS (not that Octagonal have made any disclosure about this or the previous 20m shares that GIS acquired in July!)
The remaining £50k came via the TEA app although presume in reality much of that was from those connected to that business as really hope not too many PIs ended up getting involved.
All in, a great success