By Tom Winnifrith, The Sheriff of AIM | Wednesday 6 April 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.
Until today the board of Petroceltic (PCI) has either opposed or refused to endorse the 3p a share offer made by Sunny Hill Ltd, aka 29% shareholder Worldview. Tens, if not hundreds, of thousands of pounds have been spunked on advisers and drawn as boardroom pay while the imbeciles who made Petroceltic what it is today ( effectively bankrupt) denied the inevitable.