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Edge Performance VCT – what a shambles as the shit-show continues

By Nigel Somerville | Sunday 8 September 2019

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.

Once upon a time I had shares in Edge Performance VCT over several classes of share. It proved a disaster, and I sold out at a loss. I did cover some of the problems (see HERE) some time ago, but it seems that the shit show has continued ever since. On 29th August the shareholders decided enough was enough at the AGM, booting out three of the board and the auditor. This leaves the company with just one director – I believe company law is that it must have two as a fully listed plc, but the shares have not been suspended, nor has there been any announcement of an interim appointment.

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