Saturday 24 June 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


Magnolia Petroleum - why Rita Whittingham must be fired Part 3 - duping mug punters

By Tom Winnifrith, The Sheriff of AIM | Sunday 18 June 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.


Earlier today i showed how Magnolia Petroleum (MAGP) has become a gravy train not just for CEO, not so lovely Rita Whittingham, but for her extended family as well. But when the operations are not generating cash how to fund the gravy train? Shimples: pump the stock with misleading RNS statements and do a discounted placing. Rinse and repeat. Want an example (for there are many)? Here goes.

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