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.
This has it all. I told you the shocking tale of the Mopowered (MPOW) AIM casino disaster story HERE yesterday. Today came news of a placing at 5p to raise £3.5 million (Gross). This just adds insult to the injury.
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Comments
Duck and Dive
One of the worst examples of AIM private investor abuse that I’ve seen. Do PIs have any hope of voting down the resolution to disapply pre-emption rights? Maybe if they could find an II which hadn’t filled its boots at 5p, they might…
wildrides
Bill “walmart “ Keller would be proud of that one .
Outstanding value destruction in such a short period . The board should be very proud and no doubt hoping to be short listed for an award at Toms AIM awards do .
Truely outstanding moron fleecing chaps . Seldom or never have the working masses of retail morestors been deprived of their hard earned in such stream lined and coordinated manner.
andrew brown
Tom since you recommended Primary Bid MoPowered was the first placing offered! Ironic
https://twitter.com/PrimaryBid/status/513933398097018881
I like the idea of Primary Bid but extreme caution and research needed in huge abundance.
Tom Winnifrith
Think that this rather makes the case for Primary Bid. In the past it was just the City spivs who got to buy in at a mammoth discount and flip. Now thanks to Primary bid we can all be spivs!
T
JB
The “highest paid director” of this one million pound market cap company last year paid himself 230k. How does that work?