Results: RM2

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Neil Woodford Dog RM2 to be fork-lifted off the AIM Casino at last

There is no doubt in my mind that disgraced Neil Woodford’s revolutionary pallet company RM2 (RM2) should never have got anywhere near the AIM Casino and through keep-the-lights-on refinancings (largely paid for by Neil Woodford with other peoples’ money) it should have been removed a long time ago. But Neil needed the listing as he tried (and failed) to keep within his 10% proportion of investments  unlisted limit so despite protestations from within, the AIM listing continued. Well, this morning it is all over bar the shouting.

EPIC RM2
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EXCLUSIVE: Disgraced Neil Woodford vetoed delisting of RM2, source

A source has come forward to Deputy Sheriff Towers in relation to the Woodford catastrophe that is AIM-listed (for now) RM2 (RM2), the maker of disruptive non wooden pallets. Firstly, I am told that RM2 was forced to list when everyone at the company knew it really was not ready: the product (those revolutionary trackable pallets) was still in development and the company was still guzzling cash. But roll forwards to 2016/17 when it had run out of cash and needed yet more funding, and a proposal was put to delist and take the company private – which was vetoed by Neil Woodford.

EPIC RM2
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Woodford Dog RM2 – catastrophe as Neil is snookered

After bailing out the ridiculous AIM-listed RM2 (RM2) over and over again with other people’s money before his own supply ran dry, Neil Woodford finds himself completely snookered this morning as RM2 has announced a bailout fundraising without Woodford and he faces the choice now of being diluted to oblivion or watching it go bust. Of course, readers of this fine website have been warned and warned and warned. But Neil always knew best.

EPIC RM2
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Woodford Dog RM2: is silence golden or a sign of doom?

Last year, as AIM-listed pallet revolutionising Woodford Dog RM2 (RM2) ran out of cash yet again (before good old Uncle Neil, armed with other people’s money rode to the temporary rescue, yet again) the company issued regular updates on its financial position. No doubt Neil was pleased, as the company eked out a few more weeks from the remaining cash. The last we heard from RM2 on its cash position was back on 23 November 2018 when we were told that following yet another placing (backed by Neil, with other people’s money) it had enough cash to last until April. We’ve heard nothing since….

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