By Tom Winnifrith, the Sheriff of AIM | Monday 16 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.
Vast Resources (VAST) is blessed with having the dumbest investors going. They fell for the last spoof RNS which, in a just world, would see the issuers banned from the markets, and bid the (worthless) shares up to 2.4p. Today there is a new monster spoof and the shares are 56% up to 1.3p offering the bears another chance for a slam dunk free short. The company says it has refinanced its Atlas death spiral leading the "marks" to assume that there is no more death spiral overhang. But buried at the bottom of the release is ????