UK 07:41 Wednesday, 11 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
I earlier HERE hit out at the proposed fundraising from Pinnacle Technology Group (PINN). Following this, at 1:48pm, the finer detail was released and… it makes the situation even worse for ordinary investors who really are being screwed as Tom Winnifrith also noted in bearcast HERE.
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Comments
Duck and Dive
The ordinary shareholders pushed the SP up to 9p by yesterday’s close so currently not much threat to the GM. Maybe the muppets think they will all get a piece of the action in the ludicrous £0.25m open offer. They haven’t twigged that this insulting open offer proposal is restricted so as to ensure that the directors’ new 4.2p shares aren’t unduly diluted by the undeserving scum who already own shares. This really is disgraceful.