Questions are increasingly being asked about Verdes Management (VMP) a cash shell run by Dave Breith of Coms (COMS) infamy. The cash position as at 31st March was £400,000. However.
Two day ago my colleague Ben Turney rightly pointed out that whoever invested £750,000 in perennial dog Verdes (VMP) at 0.75p (giving it a £7 million valuation when the only asset is cash of c£550,000) was insane. So who is this lunatic? I tracked him down and the reality is that he is incredibly switched on… let me explain.
Yesterday saw the restoration of Verdes Management (VMP) to trading on AIM. This in itself was something of a miracle, as it was only a month ago that the company suspended its shares and three weeks ago that it announced it had called in the administrators. But the real shock was the news that Verdes had somehow secured a £750,000 investment at 0.75p. To put it mildly, I am baffled by this deal, absolutely baffled.
Shares in AIM Cesspit listed Verdes Management (VMP) were suspended today at 0.55p because the company had failed to publish its half year report on time. This begs all sorts of questions especially as this company has a track record of putting out statements about its financing which turn out to play fast and loose with, what you and I might term, the truth.
You can read about Verdes and is porky pie RNS statements here
But in light of the latest developments I ask just three questions:
AIM Cesspit listed cash shell (without any cash) Verdes Management (VMP) has served up a statement which is meant to reassure us all but raises fresh ghastly questions about its relationship with its Nomad and broker WH Ireland.
Last weekend I exposed how Verdes Management (VMP) a company listed on the AIM Cesspit market had misled investors in a series of RNS announcements as it struggled to say afloat in recent months.
At the weekend I exposed how Verdes Management (VMP) a company listed on the AIM Cesspit market had misled investors in a series of RNS announcements as it struggled to say afloat in recent months.
At the weekend I exposed how Verdes Management (VMP) a company listed on the AIM Cesspit market had misled investors in a series of RNS announcements as it struggled to say afloat in recent months.
AIM does not do irony but if it did Verdes Management (VMP) would win all the prizes.









