By Tom Winnifrith, the Sheriff of AIM | Thursday 28 October 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.
First came the insider dealing. No, surely not this is AIM! That took the shares to 4.2p in five working days. Then came the catalaogue of disasters trading statement the next working day. That took the shares to 3.5p. And today, as I predicted, three days later, there is a bailout placing at 2.5p and the shares are now 2.95p. What a shitshow. Of course it also magnifies the lies told to investors back in late April.