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.
Eden Research (EDEN) has engaged in fraud for years. No-one seems to care. It has just raised £2.6 million today in a placing. It has spunked c£32 million in 16 years since launch. This cash will be spunked too. I explain why everyone knows Eden has committed fraud and why no-one seems to care. I am not sure I even care anymore so rigged and corrupt is the stinking cesspit that is AIM. Warning this podcast contains bad language.
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Comments
phil
I see Igas directors are up to their armpits in no costs options, explaining there was no incentive scheme in place. Ah didums, poor things.
Any news for shareholders, err No. Anything for shareholders, again No
Gwandad
Well as a relatively naive investor I thank you for your efforts and the red flags raised. I feel very sorry for the lambs to the slaughter who invest in AIM and don’t listen to Bearcast. I don’t always agree with your views but forewarned is forearmed and I can ask for no more than to be warned.
I don’t understand why it’s you that has to do the hard work and the regulators, who are paid handsomely to do the job, do apparently so little and take so long over what they do do.
The raw passion and anger in this cast came through loud and clear.
Well done Tom, I thank you for your efforts and having kept me away from some bargepole stocks and having pointed me in the direction of some nice little earners.
James
I cannot fathom why anyone would invest in this company given its history of broken promises and losses year after year. As an investment prospect, it looks terrible. And this is before Tom’s (rather shocking) expose puts it even more firmly on the bargepole list.