
NEWSFLOW
Nanosynth (#NNN) – “Corporate and Commercial Update”, attempted ramptastic
- 2023-01-17 07:59:59
Oh dear, oh dear, oh dear. The twice repeated lie that nanosynth (NNN) was raising £2.94 million via a Lanstead death spiral is unravelling at a speed of knots and that means that bankruptcy by Christmas is on the cards – a statement is needed PDQ.
On August 26th nanosynth (NNN) LIED to investors claiming it had done a deal which would see it “raise £2.9425 million”. That was a great big fat lie. It will raise nothing like that. Last week it doubled down repeating that lie in its interims and now, facing bankruptcy by Christmas it still refuses to come clean and its shares are tumbling again. Perhaps it is time to start telling the truth as lying sure is not working!
The bullet points at the top of a RNS release, a financial promotion so something covered by regulation and thus meant to be fair and balanced, are meant to be a summary of what lies buried in the text. There is no mitigation at all about telling a slam dunk lie in a bullet point from explaining deep in the body of a release, where few will read it, why the bullet point is not actually true. And that brings me to half calendar year results from the liars at nanosynth (NNN) and why this lie does matter whatever its rather irritable advisers think.
Needless to say, the Oxymorons at AIM Regulation have failed to force serial dog Nanosynth (NNN) to correct the grotesquely misleading RNS of 26 August in which it claimed that a Lanstead death spiral deal meant that it had secured “ a conditional subscription to raise £2,942,500 through the issue of 535,000,000 new ordinary shares of 0.01 pence each in the Company at a price of 0.55 pence per Ordinary Share.” That was a big fat fecking lie and with the shares collapsing to 0.42p, i.e less than they were before the deal was announced and a couple of subsequent ramptastic bullshit RNS’s. Mr Market is waking up and smelling the coffee even if the bogus Sheriff of AIM, Marcus Stuttard, and his colleagues are asleep at the wheel.