By Tom Winnifrith | Saturday 2 July 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.
The former CEO of Danish listed NunaMinerals was owed cash by the company and yesterday managed to get the company formally declarred bankrupt in a court in Greeland - see HERE. That means that Main market listed fraud Worthington (WRN) can no longer procrastinate and claim to be in talks about an RTO. So it must be game over for Aiden Earley, Craig Whyte and Doug Ware.
Worthington shares were suspended because it needed to do a readmission document to account for all its bogus and worthless acquisitions. There is not a cat in hell's chance of the UKLA signing off on any comic book document Worthington produces so its shares should soon be delisted. And without Bulletin Board Morons to fleece in the equity market the company which has no cash will go bust.
You will remember that the company is yet to file its accounts for the year to September 30 2014 let alone 2015 and Companies House refuses to say why it has not been struck off. The reason for such a state of affairs is that "another agency" is having a butchers.
The plundering of the Worthington Pension fund (Jerome) to fund the bid for Rangers FC, the lies to investors, the bogus deals, the pump and dumping of shares by insiders, this is a sordid mess.
The formal bankruptcy of Nuna means we must get a statement on Monday that Worthington's stockmarket career is over. Surely that is the cue for the Rozzers to have a butchers?
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