UK 02:54 Friday, 9 October 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.
Things are hotting up for AIM Cesspit-listed IGas (IGAS) and its beleaguered CEO Andrew Austin in relation to his ‘loan’ deal with Equities First Holdings LLC. I remind you that this is a one-product finance company, and we have read one of its loan-deal contracts held on the SEC website in the US very carefully. Thus far we have not yet seen a British one, but we think it will be largely the same. Some of the AIM companies caught up in the EFH scandal have been rather more open than others when it has come to clarifying details of the deal. And that brings us back to the issue of margin calls.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Bobby Chariot
IGAS is a shambles, wouldn’t touch it with a bargepole after this.
Gateway
Nice article Nigel – have to say I much prefer your Deputy’s writing style to that of the Sherriff. Good work.
nigel somerville
Bobby – tend to agree. Company seems v reluctant to answer simple Qs – the silence is deafening. Much more to come…..
Gateway – flattery will get you everywhere! Thing is that the Sheriff gets to the point so much faster and packs far more logic into fewer words. You may have style preferences (much appreciated, thank you!), but surely content counts for so much more.
Andrew Austin
As a holder of Icrap I feel totally let down by the arrogance of BOD and their feeble RNS’s, I’m bailing and hopefully get back in when they decide to come clean about margin call which most certainly has been triggered or when EFH dumps a whole load more of shares without informing share holders, This is outright fraud and even on the casino I don’t think this will be brushed under the carpet,