From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Igas shares now 30.5p – FFS Piggy Austin: what about the margin call

By Tom Winnifrith, The Sheriff of AIM | Thursday 22 January 2015


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.


A year and five days ago Andrew “Piggy” Austin  announced he was buying shares in Igas (IGAS) at 135p sending the stock up to 147p. Sadly that was untrue he made a net £7 million from selling/loaning shares to dodgy Equities First Holdings LLC at 93p. Such dodgy deals always have a level at which there is a margin call. FFS the shares are now just 30.5p


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

CTAI

Catenai – monster dilution

Time left: 15:07:30