By Nigel Somerville, the Deputy Sheriff of AIM | Friday 27 November 2015
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.
At no-one-is-watching o’clock yesterday (5.14pm) AIM-listed Tern plc (TERN) released an RNS detailing yet more selling by institutional investor Hargreave Hale. This has been an on-going off-load ever since I pointed out a few problems HERE, HERE, HERE, HERE, and HERE but it would appear that someone has been breaching disclosure rules big style. Was it the company or Hargreave Hale? Some explanation is needed pronto.
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