UPDATED: Vast Resources repays 1 death spiral but buries news that it is taking out another death spiral – another spoof! And then Atlas weighs in - pure comedy
Vast Resources (VAST) is blessed with having the dumbest investors going. They fell for the last spoof RNS which, in a just world, would see the issuers banned from the markets, and bid the (worthless) shares up to 2.4p. Today there is a new monster spoof and the shares are 56% up to 1.3p offering the bears another chance for a slam dunk free short. The company says it has refinanced its Atlas death spiral leading the "marks" to assume that there is no more death spiral overhang. But buried at the bottom of the release is ????