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.
It did not come as a surprise that last week Eight Peaks Group (8PG) carried out a new placing given that the company was running on fumes as flagged by us only days before. We were surprised however at Karma Towers that boss Zafar Karim managed to convince more punters (err, investors) and, indeed, NED Lord Monson to throw more good money after bad.