Sunday 25 June 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


Shares in Worthington have traded for 30 days in 3 years & another odd factoid

By Tom Winnifrith | Sunday 1 January 2017


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.


Convicted criminal, multiple bankrupt and barred company director Aidan Earley claims I brought the firm of Worthington (WRN) - of which he was a shadow director and which is now in liquidation - to its knees. But here is an odd factoid the criminal pea-brained shithead, who is now the pin up boy of Cloudtag morons, ignores.

During the past three years shares in Worthington have been suspended and untradeable for all bar 30 days. You will note that the  most recent "temporary" suspension of the shares started on October 10. The reason was that the FCA was demanding a readmission document. Worthington did say in early 2015 that work on that was well advanced but it never actually delivered it. That is one reason for its demise. 

How exactly am I to blame for the failure of the board of Worthington to complete a document that was "well advanced"? Eagle eyed readers may also have noticed that I did not pen my first article on this company until many months AFTER its shares were "temporarily" suspended. So how am I to blame for that?

Readers may also look at the trading columes on the rare days when Worthington shares did trade and the ramptastic news announcements on those days in the table below. We know that Bulletin Board Morons were the buyers. Who do you think supplied the liquidity? 


Click for larger version


Filed under:


Never miss a story.




This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.


More on WRN


Comments

Comments are turned off for this article.




Site by Everywhen