Tom Winnifrith had warned as far back as November (see HERE ) that AIM Cesspit posterboy Maple Energy (MPLE) was in serious trouble. Anyone who hung on after that is now locked in to an undead corpse, suspended as it is with just the formalities to complete before being dispatched to the corporate knackers’ yard. The latest kick in the teeth for shareholders came at no-one-is-watching o’clock last night (at just after 5pm).
Hat tip to the Deputy Sheriff of AIM for spotting the strange events at Maple Energy (MPLE) a true AIM Cesspit posterboy whose hapless Nomad is - as it happens - Cenkos, the tossers who represent Quindell. Share transactions undertaken by former CEO Tony Hines have a strange Equites First Holdings LLC look to them although they may not be with EFH. In this podcast I look at the nature of those transactions, the reasons why Hines quit and the financial trainwreck that Maple is today. Maple has the smell of death about it. I therefore have seven questions for the poltroons round at Cenkos.
Shares don’t come much more volatile than Maple Energy (MPLE) over the past week or so. The company had been languishing at its lowest level since it listed in 2007, at around 9p per share and with little volume – a far cry from the peak share price of over 300p that it hit in 2009. Then along came an RNS mentioning a possible takeover offer and the market went crazy causing it to rise over 300 per cent in a day to a high in excess of 36p. Since then it has plummeted back to 12-13p and volume has tailed off significantly. Is this now worth taking a gamble on the takeover?








