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IG pouring petrol on the fire David Lenigas is burning

By Tom Winnifrith | Friday 28 May 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.


Valereum Blockchain (VLRM) is an Aquis listed illiquid company with a start up business with sod all revenues and sod all cash. But ramped by hucksters like Lenigas and Zak Mir it is now, at 33p capitalised at £21.5 million. Now it seems, according to Lenigas, that IG Index will pour petrol on the fire allowing folks to buy on margin. What could possibly go wrong?

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