Monday 17 February 2020 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
By Shareprophets | Sunday 1 December 2013
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.
I start this video postcard back in 2005 when a fellow bought an asset for $10,000 and then sold it weeks later to an AIM listed company for $20 million.
Is that good business? Perhaps. Or is it is a con? I have my views – the company was 3DM which tried to take me on in the libel courts and ended up getting censured by AIM. Twice.
To help clean up AIM I ask for a new rule. If a company buys an asset then investrors should be told the prices at which that asset has changed hands in the five years prior to that deal.
For instance, how much did Greg Smith pay for the assets in SOCA which he sold to Range Resources (RRL) for $55 million in 2011? When did he buy. Answers please Range….
This is the last week when you will see Tom Winnifrith wearing his Movember tash.
To sponsor Tom’s efforts to raise money to fight prostate and testicular cancer go HERE
Tom’s political postcard covers how the powerful political class think that FOI applies only to other people and can be viewed here.
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