By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 23 October 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.
One of the problems, when you catch a company with its trousers down, is that you begin to question everything. We now know that AIM-listed Vast Resources (VAST) announced a $13.5 million funding facility on 1st October has not been signed off as was promised within a week on 1st October, updated on 8th October and then promised again on 11 October – and that it seems to have been kicked into at least slightly overgrown grass on the back of laughable excuses offered yesterday. But what now of the subscription which was announced also on 1st October for £1.8 million?
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