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Bahamas Petroleum – Millionaire Boss Simon Potter shunted upstairs as shareholders kicked in gonads yet again

By Tom Winnifrith, The Sheriff of AIM | Friday 23 April 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.


On 17 September 2011, it was announced that Simon “Harry” Potter was to become CEO of Bahamas Petroleum (BPC) with the shares ending that day at c9.3p. Last year, Potter trousered £375,000 as CEO so it is fair to say that his nine and a half year gig has cemented his position as a millionaire. But what of those dirty grubby peasants the shareholders? How have the hoi poloi prospered? Over the years, I have repeatedly warned about the ramping of the shares, the extremely suspect financing arrangements and Harry – watch me make your ISA disappear, its magic – Potter’s ample rewards for failure.

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