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ZAI scandal – one last minute appointment of Nomad, but the bells are tolling

By Nigel Somerville, the Deputy Sheriff of AIM | Friday 17 November 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.


As I write, it is now less than half an hour to the close of trading on Friday 17 November. On Monday, any company previously employing the services of ZAI Corporate Finance as Nomad which has not found a replacement will be booted off the AIM Casino. They include AIM-China plays Grand Group (GIPO) and Northwest Investment Group (NWIG), Polo Resources (POL) and Ukrproduct (UKR).


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