Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This must all just be a complete coincidence. Two AIM China companies have announced the sacking of their head honchos by the non-execs. Both are suspended pending financial clarification. Both have engaged Chinese legal firms to gain control of cash/assets of their respective companies. Both apparently have plenty of cash, it is just a small issue that the cash seems to be stuck in China.
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Comments
David Russell
Great write up and like you say its a massive big joke and so is some of the names they call these Aim companies. Me and my son have a large holding in a couple of Aim stock but we hope to off load them very soon if the price is right.:)