UK 22:32 Friday, 25 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
I revealed back in late July how, having burned £31 million since 2017 at Active Energy (AEG), Michael Rowan had turned down a £200,000 investment from a credible City figure which would have created a cash shell. Rowan put his own needs first. This morning Active has announced that it had secured a £125,000 funding. I suggest that Nomad Allenby and AIM Regulation have not done a scintilla of due diligence
Since getting on board the good ship Active Energy (AEG) in 2017, Michael Rowan has raised £31 million. Today there is c£150,000 left in the kitty and one asset which is up for sale but nobody seems to want to buy it, even for a little over a hundred grand. Its shares are suspended as its remaining cash is not enough to pay the audit fee and it is spaffing £30,000 a month. Amazingly, I can reveal, that Rowan has rejected a rescue proposal.
