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By Tom Winnifrith, The Sheriff of AIM | Tuesday 5 February 2019
Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. 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.
I have always liked Dave Richards of Wandisco (WAND) and indeed own a few shares. In the video below he tells the BBC how his firm was almost ruined and wiped out by folks parachuted on to the board from big corporations. But that is only half the tale. The question is who imposed them and backed them? The answer is City advisors and institutional fund managers. I spoke to someone close to Dave this morning and Dave will spill the beans on the City grandees who almost screwed his company up. He's a brave guy for speaking out. This is going to be illuminating and entertaining and will cause some real discomfort in the Square Mile. Bring it on...
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