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.
Something just does not add up with AIM listed (pro tem) Camkids (CAMK). Tom Winnifrith and Steve Moore have already considered the credibility of yesterday’s RNS HERE and pronounced Camkids, from Fujian Province in China as a prime candidate to join the club from the Norfolk province of AIM. We’ve been looking at it from a different angle: the annual report and accounts. What we find is shocking.
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Comments
Graham
Allenby must NOT be allowed to resign. Then they can just walk away and soon this will be forgotten. They MUST be forced to hang on and “wear” this one until there is some shred of truth forced out of the situation. It is the easy option, resignation. More ballsy, and better for their reputation, would be to square up to their client and fight this one out. NO RESIGNATION, bloody well sort it out
Dave Green
Agree with Graham here. They should not be allowed to just walk away. Far better they take on CamKids and the associated crooks that are stealing from British investors. Allenby can come out of this farce with their reputation greatly enhanced if they make the right moves from here on.
David M
Me thinks a barge pole to AIM stocks is the best approach going-forward – clearly little or no regulation, and yet they care not one iota
wildrides
Blimey …………what happened to the usual trick of getting rid of Chinese balance sheet cash that does not exist in real life ie build an imaginary factory and then claim an imaginary workforce could not be found to man it . Write off said imaginary factory as useless and worthless .
Chinese and financial honesty and prudence . Three words that can never sit in the same sentence.