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Global Lock & Safety: Yet Another China Fraud on AIM?

By Bill Robb | Saturday 18 July 2015

Disclosure: I own shares in one or more of the stocks mentioned. 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.

Global Lock and Safety (GLOK) was incorporated in the British Virgin Islands in December 2009 and listed 250 million shares on AIM on 21st October 2010, with Allenby Capital Limited as the nominated adviser and broker. The future looked bright with the then CEO claiming, "We are already one of the leading security providers in China and we know of no other providers of this type of comprehensive integrated security service in the Peoples Republic of China.”

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