By Tom Winnifrith, The Sheriff of AIM | Saturday 27 May 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.
Yesterday morning I ran a piece pointing out that at 0.15p the valuation of PCGE (PCGE) was utterly insane and anyone buying shares (at up to 0.16p!) deserved the beating that would surely follow. It did not take long. At 2.19 PM the company announced it had raised £400,000 at 0.1p. Ouch. The shares are now 0.11p to sell. BBMs 0 The Sheriff of AIM 1. A familiar scoreline.
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