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.
Just when you thought PeerTV (PTV) could sink no lower in the AIM Cesspit it comes up with another shocker. The company is clearly insolvent, it has today admitted to lying to investors which is fraud as it issued shares after that lie and its Nomad ZAI Corporate Finance has formally walked. No-one else will act for it so after one month of suspension its shares will be booted off the AIM Casino. The next point of call will be the administrators and hopefully the rozzers as well.
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Comments
Pain Au Chocolat
Tom,
You should add another red flag to your list of 49. CEO and Chairman both from the same foreign country? That would cover the Chinese, Israeli and African scammers all in one tick.
Duck and Dive
Don’t tell me that PTV is going to beat MTV to the knacker’s yard!
Drunken Sailor
Big Ray has a lot to answer for here too. ZAI should also be fined and publicly censured. If they did not know about this why not? surely they read the terms of the placing. If they did know and let this utter disgrace go on for so long then that is also a disgrace.
Will the tough new AIM regulation do anything about ZAI’s total failure here. I bet they will do as much as they have done about the total disgrace Roland “Fatty” Cornish.
Tom Winnifrith
Pain Au Choc
I did a bearcast some time ago. Good Israeli cos list in Tel Aviv or NY, good US companies list in the US, etc. The shit & the frauds list on AIM
t