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IGAS – a good day to bury bad news as Piggy gets the Chop

By Nigel Somerville, The Deputy Sheriff of AIM | Friday 8 May 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.


Finally, some sixteen months or so after the disgrace of Andrew ‘Piggy’ Austin’s sale of 7,500,000 shares to Equities First Holdings LLC in return for a non-recourse loan when he had been announced by RNS to be buying shares, he has been sent to the Corporate Butchers’ shop. After a period when the IGas (IGAS) share price has fallen from a peak of around 160p to the current 30p or thereabouts (having hit lows of below 20p), and the train-wreck of the deal to buy Dart Energy (at least for Dart’s shareholders) someone had to pay the price.


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