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Eight Peaks Group and the Virtuals stock fugazi rolls on

It did not come as a surprise that last week Eight Peaks Group (8PG) carried out a new placing given that the company was running on fumes as flagged by us only days before. We were surprised however at Karma Towers that boss Zafar Karim managed to convince more punters (err, investors) and, indeed, NED Lord Monson to throw more good money after bad. 


Eight Peaks Group – end game plays out

The spoof on the markets that Zafar Karim has played out over the last few years, largely built around a self inflated (ie existing shareholders setting the price in a raise) valuation of VirtualStock is, we suspect, coming to the end game as evidenced by the incessant decline in the stock price on relatively modest volumes this last few months post the name change and consolidation.

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