By Tom Winnifrith | Tuesday 27 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.
Shameless Aussie penny share promoter David “Did I mention that Horse Hill is bigger than Saudi Arabia – Lenigas owns shed loads of shares in a tiny Aquis listed serial dog, Valereum Blockchain (VLRM), which has less than £300,000 cash and – as things stand – no actual revenues. par for the course with a Lenigas ramp. His ramping on twitter is bad enough but he saves the worst excesses for a private Telegram chat room where he assumes, one suspects, that he will not be exposed. Wrong!
As you can see below, Lenigas is suggesting that this business which has no operations as things stand just an idea and sod all cash should be valued at £2 a share or £127 million or maybe much higher. Whatever…
Natch, like all spiv promoters, he pushes the idea that a US OTC listing will drive a re-rate, something that I pointed out at the weekend, is just not born out by real data, it is a con used by shameless promoters like Lenigas into getting UK mug punters to buy shares in penny dreadfuls.
Lenigas is shameless. That Aquis seems okay with all of this suggests that it is too.
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