By Tom Winnifrith, The Sheriff of AIM | Tuesday 19 January 2016
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.
PeerTV (PTV) has lost $32 million since it joined AIM just under 5 years ago. It continues to burn cash and lose money. Its sales are trivial and it is drowning in debt. Its shares therefore have no value at all. Even as a cash shell it would have no value since it has no cash and vast borrowings. It is worthless. Full stop. Yet recent weeks have seen the pumpers in full flow in another sordid and shocking tale from the AIM casino.