By Tom Winnifrith | Friday 6 June 2014
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.
Well this is the acid test for AIM – will it accept a listing from Liam McGrattan the Irish fellow who has brought us the stockmarket disasters US Oil & Gas (USOP), TeknoMining and many others. If the Cesspit allows Liam to list IMC Exploration then it is officially a joke market.
As a reminder of the disgrace that is US Oil & Gas (USOP) - a company that was kicked off Plus/ISDX for regulatory failures and is a serial liar click HERE
Want more? Try Teknomining, a company that went bust on PLUS and er…told serial lies as detailed HERE
And now we have IMC where Liam has assembled a few base metals and gold exploration licenses in Eire and which now needs cash to explore.
It was on GXG – the market that is such a joke that it took USOP on after it was booted off Plus. But in early May IMC managed to get itself booted off GXG leaving its shareholders high and dry. Its offence – a failure to pay its annual listing fee.
But Liam is undeterred. The man has held a series of meetings with London brokers about a fund raise ahead of an AIM listing. Any broker who raises money for IMC deserves to lose its license. If AIM admits this POS Company run by Mr. McGrattan it has no shame.
You know…I wouldn’t bet against it.
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