By Tom Winnifrith | Saturday 3 September 2016
Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog number nine....
You can see all the entries in The Chairman's Blog HERE
My personal assistant Miss Skirt and I had an early wake up call on our management away day near Paris. It was Tarquin the PR chappie who could not wait to tell me all about how my friend Chris Cleverley of African Potash has sent a very stern lawyers letter to that blogger Winnifrith.
Apparently Potash put out a press release saying that it had a purchase order to buy 10 million dollars worth of its horse manure from some chaps in Zambia, that it was delivering the manure at once and that it was certain to get the cash within 35 days because it had a letter of credit from a respectable white man's bank. Its shares raced away and it got a big placing away a few days later. It seems that the lawyers for Chris have now admitted that there was no purchase order or a letter of credit and the wogs did not buy any of the Potash manure after all. In fact it was not even sent to Bongo Bongo land by Chris in the first place.
I cant see what the problem is here. Why on earth does Winnifrith think that Potash has done anything wrong? I mean if you cant tell the odd untruth now and again how is a chap meant to raise any money at all? As our Nomad, Stewart Dickson of Cantor Fitzgerald, said the other day: "These bloggers just do not understand how AIM works."
Quite right too. If telling lies ahead of a placing is now illegal the world has gone mad. Maybe it is another one of those mad EU Regulations that one reads about in the Sunday Telegraph, like banning curved bananas, and criminalising members of the Women's Institute who try to sell home made jam. I shall be writing to Christopher Booker at once about this outrageous assault on a traditional British freedom.
The sooner we have Brexit the better and then we can get back to the old fashioned way of doing business without all this red tape which just stops chaps like me and Chris Cleverley from creating wealth.
Now on the subject of European affairs, Miss Skirt says that I should take a nap ahead of the away day. As ever, fellow shareholders, I shall be on the job and hard at it all day. And so I must take your leave. But, as they say in Froggie, it is not goodbye but bonjour (that was my little joke, as bonjour means to the re-seeing, geddit?)
To be continued.
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