UK 07:37 Saturday, 17 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
What to make of Gate Ventures (GATE)? We have seen all manner of shocking stuff on ShareProphets regarding this enterprise (see HERE for a full dossier). And today, 24 hours before the company is due to be booted off the AIM Casino after its Nomad, the saintly Beaumont Cornish, found representing this company all too much. Gate, of course, protested that it was talking to potential replacements but I rather doubt we will see it restored to trading in the morning, rather than being given the order of the boot. But what do we have HERE? An investment of £2.6m into a UK company called Infinity Creative Media Limited which is chaired, we are told, by Lord Michael Grade, no less. Is it true?
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Comments
DUCK AND DIVE
This is a great story but I need to be persuaded that you are right to flag it as “exclusive”, given that the RNS is in the public domain.
Tom Winnifrith
D&D
Just erected a mammoth parasol in garden for Dad and logged on – you are correct. Title changed. Apologies to new editor for minor over-rule
T
AB
Absence of a Nomad means the RNS is pretty comical………there is no “£2.6 million investment” as the misleading heading states. There is a £100k paid (option fee? deposit? refundable or not?) in relation to a non-contractual MOU. “It has reached full commercial terms”….well, no it hasn’t, if only an MOU is signed and they are “proceeding to formal contract”. And £2.6m invested on a pre-money valuation of £13m would not be 20%……….but 16.67%. The rest of the RNS is jam-tomorrow ain’t-China-big stuff one could write on autopilot…….
Mike
Lord Grade is on Infinity Creative Media Limited’s website.
MrMoto
It’s a small world in showbiz. Russ Lindsay, the founder is married to Sally Meen and is ex-son in law of Gloria Hunniford as was married to the late Caron Keating. Sally Meen is an ex dolly bird of Bruce’s Generation Game and bezzy mates with Anthea Turner. He strikes me as a bit of a shyster, like Grant Bovey.
Certainly has a whiff to it
A little odd the content of this link in this tweet has gone, considering he is an advisor listed on the site
https://twitter.com/Global_Alchemy/status/608296392432484352