By Tom Winnifrith, The Sheriff of AIM | Friday 14 August 2020
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.
Earlier today, I published an email showing that Verditek (VDTK) had, via its brokers, lied to investors as it tried to raise money in a placing in February/March 2020. Okay, to lie to investors once is bad enough but what if it has lied before? Might that suggest that there may be more lies out there and that the shares should be suspended while the FCA and the Oxymorons at AIM Regulation have a serious butchers? Well, as it happens, thanks to Winnileaks, I can now show below that Verditek also lied to investors as it raised money in late September 2019. Oops, two placings, two sets of lying… I sense a pattern here.