By Tom Winnifrith | Tuesday 25 March 2014
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.
On 20th September I pointed out that Sovereign Mines of Africa (SMA) then 3.5p was almost out of cash and was ramping its shares to get a placing away. Six months later after ramp after ramp of spurious press releases we finally have the placing. The only shock was that Sovereign did not commission an utterly crap paid for research from convicted felon Charlie Gibson of Edison to help with the ramp. The placing naturally screws private investors big time ( this is AIM) and is accompanies by prize winning PR horse shit from Sovereign.
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