UK 22:37 Monday, 21 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
In a mad rush given that it could be booted off the AIM casino on Friday, Andalas Energy (ADL) is - according to my sources trying to raise £2 million at between 0.45p and 0.55p - that compares to 1.3p just prior to suspension. Rule breaking low life dirtbag CEO Dave Whitby has engaged commission hungry/ethics light brokers at Cornhill to bring in the cash, promising them market beating commission plus warrants - a package worth several hundred thousand quid if they can stiff their clients and back this issue. For mug punters the maths just do not stack up.
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Comments
Mark Smith
My God investors must be crazy to buy this at 0.5p. There’s no value in the company pre & post placing/relisting. 1.5 billion shares? Madness. Of course we all know what happens next after relisting. Another cash call. Certainly one to avoid IMHO. Nice write up.
GMT
Whenever Cornhill are involved then don’t touch it with a sh***y stick. They deserve to be totally named and shamed as much as any of the low life scumbag CEO’s who populate the cesspit end of AIM.
Andrew
Hi Tom, can you explain if there are any confidentiality issues about exposing these things. I have no position here, just interested.
Thanks
5L4
Andalas are a fraud. David Whitby, has been using bullet board morons to ramp their share price, when they were called CEB. Well done tom winnifrith and share-prophets for highlighting exactly what these aussie crooks have been up to. Unfortunately some of the so called writers, such as Turney, Newman and Doc holiday a.ka Mike Whitlow, were allowed to use this site as a ramping platform on CEB and others. I hope , tom you’ve learnt a valuable lesson. Never run with the hounds, you invariably get tarred with the same brush.
I urge investors, if offered stock in this fraud, refuse. If they don’t, then they will suffer financial ruin.