By Tom Winnifrith | Sunday 23 October 2016
Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Ben Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be candid in his approach. Blog number twenty....
That 20% fall in the share price prompted by my good friend Evil Knievil suffering some post lunch confusion after we shared a case of Corton Charlemagne, and inadvertently shorting 5% of our issued share capital, has caused me an awful lot of work. First up were the Johnnies from AIM Regulation who asked if anything was amiss and if we fancied putting out a statement.
"I see that your broker is Jon Bellis at Belfort Securities so I assume you are doing a deeply discounted placing" said some little oik called Marcus Stuppid or something like that. Say what you like about Slough Grammar, which, as you know, I attended until my career was cut short by that little incident, but it does teach you how to deal with the working classes. "Look here you pleb, I say there is no placing planned today and my word is my bond." And with that I put the phone down.
The next day I phoned Bellis and explained how Evil wanted to close his accidental short and wondered if we might arrange a small placing. Bellis was on the case at once and, entre nous, there is anannouncement at 7 AM Monday.
"Without the need for a roadshow, Global Mining Endeavours has been able to raise £750,000 before expenses to provide additional working capital for its L'Ebola project in West Bongo Bongo land. The funds were raised from one high net worth investor who approached the company seeking to to acquire a material stake."
I ran this by a fellow Bellis introduced me to as a potential NED, a Mr Fortune Mojapelo, and he said that he could not have explained the situation to investors in a more transparent and honest manner himself. Exactly.
It has been a hard few days in the service of you, my fellow shareholders in Global Mining Endeavours. None the less, ahead of the announcement at 7 AM Monday, I have already returned to London so that I can brief those working for proper newspapers such as the Financial Times about our good news. My loyal PA Miss Skirt has arranged cost effective roomings for us both at the Savoy, so I shall be fully rested ahead of the battle tomorrow to communicate even more effectively with our shareholders.
I'm tired. Miss Skirt suggests we have a lie down. Indeed. I was thinking the same thing.
To be continued...
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