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Pineapple Power and the £120m RTO with Sir Vince Cable – you is “avin” a Turkish!

I flagged up the complete and utter joke that was Pineapple Power (PNPL) when it listed as a (sub) Standard List cash shell back in December 2020 and the sordid pond life penny share grifters involved. Its first proposed RTO went tits up. Now it is back with another – Element 2 – which it claims is worth £120 million. This deal drips with more red flags than on a May Day Parade in Moscow. It stinks.

NEWSFLOW

Pineapple Power (#PNPL) – completes placing for just £0.35m at 3p per share

NEWSFLOW

Pineapple Power (#PNPL) – placing to raise just £0.3579m at 3p per share

NEWSFLOW

Pineapple Power (#PNPL) – heads of terms for acquisition of ‘green’-focused fund manager BVP Investments

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EXPOSE: Pineapple Power – the insolvent IPO from Christmas Eve & the shocking ramp since

All this needs now is for Harriet Dennys of the Mail on Sunday to claim that this company has a £6 million war chest (it does not) and Pineapple Power (PNPL) will show everything that is wrong about UK smaller companies markets, especially the FCA regulated, no sniggering at the back, Standard List.  Let’s start at the beginning.