IMIC – too toxic for AIM, but why?
This morning International Mining & Infrastructure (IMIC) quietly left the Casino. Following the resignation of Strand Hanson as the company’s Nomad on 8 October, IMIC was unable to find a replacement. Under the AIM Rules for companies, the requirement to have a Nomad is one of the few rules AIM Regulation bothers to enforce. We are none the wiser as to why Strand Hanson resigned nor do we know why IMIC could not find a new Nomad. As far as transparency goes this is not acceptable. If the company is so toxic that even Beaumont Cornish won’t represent it, shouldn’t shareholders have the right to know why?


