By Tom Winnifrith | Friday 5 August 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.
It might seem like a cunning plan to those who are dim enough to own shares in the fraud that is Worthington Group (WRN) but it is not going to get them very far. They have formed an action group and even set up their own website harvesting names which will only be passed to er....Worthington Group. Oh great let me sign up, I really want Craig Whyte, Aiden Earley & Doug Ware having all my details...can I give them access to my bank account as well?
The website is HERE
The bad news for those who sign up is that Craig, Aiden etc still control well over half the equity. They would love to palm it off on mug punters but seem unable to get their shares traded anywhere. If the lads own more than half the shares the chances of the WSAG forcing change are zero. Which is the same as the underlying value of this fraud.
I wish the WSAG luck but fellows, you were warned numerous times here and really should have listened then.
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