By Tom Winnifrith | Tuesday 24 November 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.
It is less than a year since fuel emulsifier Sulnox floated on the NEX market, now branded Aquis, and already a couple of directors and the auditors have walked. But now comes a GM Request to oust boss Nick Nelson (a good guy) and his fellow directors and replace them with four new suits. But in a world where Aquis Regulation and the FCA were not complete chocolate teapots, the convicted fraudster behind the coup would surely have been stopped. Yes that is right – this coup is masterminded by a convicted felon.
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