By Nigel Somerville, the Deputy Sheriff of AIM | Tuesday 28 March 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.
We have already seen three AIM departures this week – and it is only Tuesday. RapidCloud (RCI) and CloudTag (CTAG) were booted off after their Nomads departed and a replacement wasn’t found within a month, and North River Resources (NRRP) delisted because it couldn’t raise cash. Today it looks set to be the turn of ShareProphets AIM-China Filthy Forty Asian Citrus (ACHL) as, amid allegations which look to amount to ones of fraud, the company has admitted that it can’t get overdue accounts out - and so the Filthy Forty will be down to a mere 15.
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