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.

Gavin Burnell Creation Sula (minus 97%), another keep the lights on placing - death merely postponed

By Tom Winnifrith, The Sheriff of AIM

10 March 2016 03:55

More:

I am sure that Gavin Burnell of Globo infamy has done okay from bringing this piece of shit to AIM but one suspects that other shareholders in the crappy mining no-hoper that is Sula Iron & Gold (SULA) have fared rather less well. And so today we see that via the kind offices of JubCap (broker to Chris Oil and other members of the elite) we have another keep the lights on placing.

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Comments

Scampi

10 March 2016, 06:16

Numpty Nick is a moron of the highest order!

Just a few days before Christmas the imbecile penned a self indulgent blog which single handedly wiped off 50% of the market cap of the company! Before the bog was published, shares were trading at .4p, it crashed it to .2p and it has never recovered!

I wrote to Nick and the NOMAD pointing out Nicks utter incompetence and questioning whether he was fit to be CEO of a public company and how his ridiculous blog could possibly further the deliverance of shareholder value when it was clear that such actions could only serve to wipe out shareholders completely. I also warned that unless the share price recovered to pre blog levels, any fundraising would be unnecessarily dilutive. I suggested that a “statement re shareprice movement” RNS would be appropriate.

Naturally the fool Nick and the NOMAD did not have the courtesy to reply to this shareholders concerns but they did issue an RNS a few days later which merely repeated verbatim the blog content.

In the meantime the dickhead continues to trouser his fees and express his “delight” at each dilutive placing.

If I was single handedly responsible for wiping out 50% of the value of a company through publishing a badly thought out blog I would expect to be fired or at least have the decency to resign but, no, this complete dickhead has no concept of doing the right thing by shareholders.

A numpty of the HIGHEST order – he should resign immediately!