By Tom Winnifrith | Friday 8 June 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.
UK Oil & Gas (UKOG) has been forced to confirm my scoop of earlier today - that is to say that it was running a book on a placing of £5 million and is struggling. The statement marks this company out as being run by outright wankers running a busted flush. It says: