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EPIC WALG
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ShareProphets China AIM 'Filthy Forty' performance update – Walcom (finally!) suspended edition

Nigel Somerville - the Deputy Sheriff of AIM - is currently conducting the ShareProphets national anthem as Walcom Group (WALG) Nomad Allenby Capital finally seems to have had enough of the farce of a non-arriving loan… and has “resigned… with immediate effect”. As Nigel enjoys an ouzo, how’s the ShareProphets China AIM 'Filthy Forty' looking now?...

EPIC WALG
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Ouzo Time!! Filthy Forty Walcom – Fat Lady bursts onto stage and sings her heart out: it’s all over!

Somewhat  belatedly, this morning at 8.16 am ShareProphets AIM-China Filthy Forty play Walcom (WALG) finally got around to issuing an RNS which was surely due last Friday to tell us that the bank had again blinked, that CEO/CFO still  hadn’t provided the bailout loan promised back in January and that he still intended to do so. The Nomad-signed RNS suggested that it was therefore business as (not so) usual. But then at 1.16pm the Fat Lady finally ploughed through the security cordon and before you knew it she had sung her heart out and the show was over.

EPIC WALG
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Filthy Forty Walcom – urgent statement needed ASAP: is it bust?

Last Monday ShareProphets AIM-China Filthy Forty play Walcom (WALG) offered up yet another statement saying that again its CEO/CFO Mr Francis Chi had failed to offer up a bailout loan, that he still intended to do so (as he has since January!) and that in the absence of further funding it would be a one-way trip to the corporate undertakers last Friday, June 19. There was no statement on Friday, and here we are on Monday and there still has been no statement. Is Walcom bust or not? We need a statement.

EPIC WALG
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Filthy Forty Walcom: bank blinks again, grim trading statement – and still the shares are not suspended!

So ShareProphets AIM-China Filthy Forty play Walcom (WALG) lives to fight on for a few more days after the bank blinked again and allowed Walcom to extend its payment plan, now with RMB 150,000 due on Friday but with CEO and CFO Mr Chi’s loan still nowhere to be seen, at some point the bank will lose patience and then either Mr Chi will have to cough up or it will be a one-way trip to corporate heaven.

EPIC WALG
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Filthy Forty Walcom: bank blinks first

They say that if you owe the bank a quid you’ve got a problem, but if you owe the bank a million quid – or in the case of ShareProphets AIM-China Filthy Forty group Walcom (WALG), RMB200,000 by the end of May, then it is the bank which has a problem – especially if Walcom can’t pay. And so the latest deadline came and went….and it was the bank which blinked first...

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