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Open letter to Primary Bid - have you no shame at all? Ref Mercantile Ports

By Tom Winnifrith, The Sheriff of AIM

19 August 2021 18:58

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Tonight’s offer from Primary Bid is Mercantile Ports (MPL) at 0.45p. If you register for Primary Bid through us (and please do so here), we earn a small fee each time you take part in an offer. Notwithstanding that, I suggest you do not take up this offer. This is a bargepole stock, a company that should have been slung off AIM years ago as it is a disgrace to capitalism. I have written to Primary Bid.

Ref Mercantile Ports & Logistics

Sirs.

We all have to earn a living but surely there are lines we will not cross. Today you are inviting folks to chuck their money down the pan with an offer from Mercantile Ports & Logistics (MPL).

Both under its current name as you can see HERE and as Skil Ports & Logistics (SPL) as you can see HERE, I have flagged up that this company was founded and run by a total hood with numerous run-ins with the law and that it has lied and deceived investors time, time and again. Its actions have on many occasions been nothing short of criminal. That AIM has done nothing about it is AIM’s shame but you are surely better than the Oxymorons at AIM Regulation are you not?

Do you do no due diligence? Have you no standards at all? Do you not have some duty of care for those who have registered with you to invest?

This is a shocker and I urge Primary Bid to pull this offer or at the very least donate every cent you make on it to a good cause and to invest in a tighter due diligence process.

Yours sincerely

Tom Winnifrith
The Sheriff of AIM

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