I comment not on the Iofina (IOF) share price which has, pro tem, arrested a year-long decline, bouncing 21% today to 14.5p but on note 16 of its accounts out two days ago showing the shocking corporate governance at this company, something shareholder Brexit "bad boy" Arron Banks used to care about.
Get your beer and popcorn ready this is going to be fun. Iofina (IOF) has today issued an RNS via its morally bankrupt PR mothers at Yellow Jersey commenting on social media and press reports that the self-confessed bad boy of Brexit, Arron Banks, is calling a GM to oust useless chairman Lance Baller. Iofina says it has received no request and as such “ the Board believes that posting this type of information on social media, instead of by proper and legally permitted channels, to be wholly inappropriate and in potential violation of applicable law and regulation. Furthermore, the Board believes this action to be detrimental to shareholders of the Company as a whole.” Pompous knobheads.