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.
Pressfit (PFIT) listed on the AIM Casino on August 1 2014. Its first profits warning came within three months. It was booted off the AIM Cesspit yesterday. It is Chinese. I name those responsible for this scandal - firms and individuals - and suggest that all concerned need steep fines and an immediate termination of their City careers and explain why.
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Comments
David Russell
I’m a DS shareholder but cannot blame them for this because the regulator of AIM let it happen to many times and everyone jumped on the flotation band wagon Its gone on for years. The people not the companies behind these flotation’s should be regulated and this should be removed if they have done wrong An old saying, its no good shutting a gate when the horse as bolted. I hope DS can recover from all this and return value to its shareholders. To many shareholders have lost out.Good luck also to all the people who invested in pressfit and the other china ones