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Vast Resources & Death Spiral provider Atlas – spoofed y’all as punters mugged for £1.5 million

By Tom Winnifrith, the Sheriff of AIM | Friday 13 May 2022


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.


Ha, gotcha. What a spoof. On May 3rd, Death Spiral provider, Atlas, and Vast Resources (VAST) made an RNS statement, announcing that Atlas would not convert any more loan notes. The stock was a ten-bagger in days, going from 0.02375p to a peak of 0.24p. Well, guess what? I do hope the morons buying were well-lubed up!

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