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By Tom Winnifrith | Sunday 15 April 2018
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.
Last week I suggested that grossly over-ramped AIM Bulletin Board Moron darling Frontera Resources (FRR) might be in a spot of legal bother. I did so only after giving the company's morally bankrupt PR firm Yellow Jersey and its dirty tricks disgraced account manager Tim Thompson a chance to refuse or comment. They have still declined to do so. Instead...
Frontera has tweeted out a statement as you can see below.
Natch it has not gone to a journalist with an on the record denial. Nor has it issued an RNS noting media speculation. Instead it has tweeted a statement. That means that if the statement turns out to be misleading it is in far less merde than it would have been.
And of course while the statement noted media speculation - i.e. my article - it merely re-iterates the Frontera position. It does not refute the suggestion that it may soon find itself in the international arbitration court. It is a classic "non denial, denial."
In short the way that Frontera and the morally bankrupt scumbags at its PR firm have dealt with this is the way that shyster PLCs and spinners would always deal with such reporting. I am not saying Frontera are shysters just that they are acting like shysters. And I guess with their shares having plunged from 150p+ to just 0.59p while management has lived high on the hog, any sane person would draw their own conclusions.
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