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Big Dave Lenigas bounces back - rejoins two boards: Get him back at LGO!

By Tom Winnifrith | Thursday 30 June 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.

You cannot keep a good stock promoter down. And say what you want about him , and I do, David Lenigas is pretty good at promoting, usually worthless, shares and he is back. In case you had not noticed he has rejoined the board of two of his former charges in the past week. I have today spoken by email with the big man.

Before Christmas Big Dave sensationally quit all listed company boards bar that of Lenigas Cuba (CUBA) on the ISDX lobster pot. He said that he was focussing on Cuba to the exclusion of all else. But six months is a long time in the world of Big Dave and so he has now rejoined the boards of two companies that were both delisted from the AIM Casino and now trade only the lobster pot.

Firstly he has rejoined Doriemus (DOR) where he argues that the Brockham well is going to be as good as Horse Hill so this is a HH play plus. Lenigas has also once again taken contraol at Afriag (AFRI) which he is very excited about. I think everyone knows that I am less so.

Big Dave does not rule out rejoining an AIM board but pro tem this is not happening and he notes that with online trading liquidity on the lobster pot is improving although he concedes that it is still twelve years behind AIM in this respect.

Jeepers. Say what you like about the man but he was surely better at promoting worthless enterprises such as LGO Energy (LGO) than the hapless Neil Ritson. It is surely only a matter of time before LGO shareholders start an online petition demanding the return of Big Dave.

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