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Coro Energy – “Golden Hello” bonkers scheme: the Hoods coin it in

By Peter Brailey | Tuesday 23 February 2021


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.


After hours Coro Energy (CORO) declared a placing and open offer to re-invent itself as a “green business”. The deal values a company of no substance at £572,280 of shareholders cash as a “Golden Hello” and £150,000 per annum and share options to the same value to the 50% owner to become the CEO. Nice work if you can get it!

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