Oh dear, oh dear. We still have no refinancing, interims, prelims and shares in Advanced Oncotherapy (AVO), which should have been slung off Aim on January 1 remain there and suspended. As AIM Regulation does not give a flying feck about its own rules ( in this case Rule 19), why should anyone else? Today there is more bad news.
You cannot short UK Oil & Gas (UKOG) any more. Its shares are now more than 99.99% down from peak ramp and, at 0.029p the market cap is only just £1 million – there being almost 3.7 billion shares in issue, post one consolidation. But the final death throes are going to be interesting.
Sub scale investment company Catenai (CTAI) was meant to surf the AI wave following its latest exercise in rebranding and bandwagon jumping. Today it has announced a non AI, related party, deal which is almost criminally insane.
If sub-scale investor in useless companies Tern (TERN) stated that 2+2 =4 I’d ask for that claim to be independently verified such is the way that over the years it has played fast and loose with the truth. On April12 it raised £420,000 gross in a deeply discounted post ramp placing at 2.4p and stated:
AIM can brush off shitty little companies with no cash delisting as being a merely cyclical episode of bear market blues. However, following news that £70 million RedX Pharma (REDX) was to delist and go private there is another bombshell today. ETX Therapeutics (ETX) has announced that it is raising £28.9 million at 15p, a premium of 2.5p to last night’s close but that is conditional on it delisting too.
London’s worst Nomad, Roland “Fatty” Cornish signed off on an RNS yesterday from Cleantech Lithium (CTL) with the headline “director’s share dealings.” That sounded innocuous and most folks, myself included, will have ignored it as a nothingburger. That is what Fatty wanted. In reality the news was a bombshell and so the market was deceived by “fatty.” This is serious. In terms Fatty will understand, It is like ordering spotted dick with lashings of custard at the end of an eight course luncheon and being served Eton mess but told it really is spotted dick.