By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 27 April 2016
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.
Well surprise, surprise. AIM-listed POS SeaEnergy SEA), whose directors had a bit of penchant for posh awards dinners, has had its shares suspended pending clarification. In short, it is toast. I’ll bet the Nomad – the fine and mighty house of WH Ireland - is delighted that it took this client on as recently as November – a great effort there by the due diligence team. You can’t say were not warned: the shares were being called as a sell on this website back in September last year. Anyone still holding has grim news to digest.
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