Having listed on AIM in February 2012, raising a gross £1.6 million at 1p per share “from a range of new and existing investors by a placing and offer for subscription” and grandly talking “that this will allow us to develop a range of programmes based on leading sports activities and personalities to appeal to a worldwide audience”, Sports Stars Media (SPSM) has today announced that it has posted a General Meeting circular to shareholders seeking approval for, amongst other things, the sale of the current trading business for an initial £1 and the raising of £0.3 million at 0.06p per share “in order to recapitalise the company” as a cash shell. The following reviews this latest example of 'excellence' on the AIM cesspit.









