It is ouzo time for Fraser Perring of Viceroy and for Boatman Capital. The bears look to be wholly vindicated as Home REIT (HOME) has fessed up to a collapsing business model and has put its rag bag assets up for sale. Indeed it has had one offer but that looks to be related party and shareholders should not expect to get much. This is a scandal and exactly why bear raiders are so needed. Shares in this company were almost 80p when Fraser published his dossier last November. The shares are now suspended at 38p and shareholders will be lucky to get pennies.
Well done City AM. When not promoting shitcoin to your readers on an industrial scale, your paper continues to do a sterling job dragging the truth from Home REIT (HOME). Today yet another fess up is forced from the shysters.
The management of Home REIT (HOME) do not even dare to put their own name and contact details on RNS releases these days, instead hiding behind the very well paid skirts of the journalist smearing PR firm FTI Consulting. And who can blame Home’s craven managers today for it has had to serve up a shocking admission.
Shares in Home REIT (HOME) are now suspended at the company's request despite it insisting that allegations made by Viceroy Research and Boatman Capital are groundless. BDO London is now investigating those (groundless) allegations as part of its audit. Boatman has now written to BDO flagging up some new areas of concern. The letter is below. Ouch!!!!