By Tom Winnifrith, The Sheriff of AIM | Wednesday 27 January 2021
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.
You will particularly enjoy one comment about yours truly. Shares in Eurasia Mining (EUA) crashed by 50% in afternoon trade before rallying to close just 39% down at 18p. The trigger was a release stating that Alexei Churakov, an adviser to the board heading its M&A effort, had dumped 27.4 million shares at 29p yesterday. He still owns 12.3 million shares and a shedload of massively in the money options. But for a company meant to be in a bid process this was not seen as a good signal given his rolde in the company. Understandably so. Anyhow, given how these folks have abused those of us who have questioned the shocking red flag behaviour at Eurasia over the past year, it is a delight to see them squirm!