By Tom Winnifrith | Wednesday 4 January 2017
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.
African Potash stated in its annual report that on the ISDX (now called NEX) lobster pot it might be more difficult to raise money than on the AIM casino. I should cocoa. The last trade was on December 29. Liquidity is just nil and the 0.05p offer prize only applies if you want to sell peanuts amounts. If you invested in this fraud just accept that your shares are now worthless as it cannot get awaqy the £600,000 placing it dsays that it needs to survive. So Potash is going to go bust soon. But your cash might not be lost. There is a small chance.
I am now chatting to flip flop Ben Turney about one possible route for shareholders to seek legal redress against the board, notably lyin' Christ Cleverley and NED Lord Peter Hain of sleaze. But there is another avenue I am investigating and I am looking for a test case to go after Nomad Cantor Fitzgerald.
Did you buy shares in African Potash on or after January 6 2016 and are your losses from those trades at least £1,000? If so please do get in touch as I would like to fund a test case to try to a) get your cash back and b) establish the principle of Nomad negligence. If the latter is established those Nomads who have signed off on lies but claim that they were hoodwinked rather than bent ( think Cloudtag and Cairn here) would find that does not save them. THis is a precedent I'd like to establish.
If you have lost money at any time on Potash please email me but especially if you fit the criteria above. I am on [email protected]
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