From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Open Letter to AIM Regulation– Do Closed Periods mean anything to you or will you “fire” Joel Leonoff of Optimal Payments

By Tom Winnifrith, The Sheriff of AIM | Sunday 16 November 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.


Joel Leonoff, the CEO of Optimal Payments (OPAY) misled investors by selling shares (i.e. transferring title and getting cash) to the hoods at Equities First Holdings LLC. That should be a hanging offence. But worse still he made the transfer when Optimal Payments was in a closed period and so when no directors should trade. Do AIM Rules mean nothing or will AIM regulation Publicly censure Joel or, even better since this is a double offence, force him to stand down at once. I have written a letter to AIM Regulation on this matter.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

Time left: 19:20:14