UK 19:04 Friday, 23 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.
In this podcast I explain why flip flop Ben Turney is wrong about cleaning up AIM. You dont need new rules or protections just the draconian implementation of existing rules against individuals (natch including Chris Oil). Then it is onto the court case next week and finally a demolition of CIC Gold (CICG)
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Comments
Angus Palmer
Thanks Tom.
Yes you do provide an important service as ‘Sheriff of Aim’, but isn’t it a shame this responsibility has come to rest on your shoulders rather than those of the Financial Officers and Administrators of Aim, who are paid to uphold the ‘law?’
One would hesitate to suggest that these same Officers might be in some way benefiting. The more companies registered brings more into their coffers and it is from here their salaries are paid no doubt. But I think you have covered this.
Nevertheless whilst the rogue companies continue to fleece private and i suppose some institutional investors with impunity, the reputation of AIM remains suspect and if they won’t police and enforce their own rules and regulations and those clearly laid down by Financial Services legislation, then they should be forced to do so……..LEGALLY.
Time for a once and for all coordinated legal end to this disgraceful theft. There must be thousands, no tens of thousands….sorry hundreds of thousands of investors who have been hood-winked at some point during the life of AIM, and together we’d make a formidable team. Online petition for a start and I’m sure you have enough contacts to take up the legal representation, a cost split so many ways could easily be raised?
Now of course we (investors) are all greedy soles, we want to make a quick buck and it happens doesn’t it, it’s intoxicating and easy to be suckered in and I’m probably one of the worst. I made a huge (well to me) amount on MINMET, I actually made a profit on SEFTON? Honestly! And made good money 3 times on UKOG. Nevertheless there are more losses than nice fat gains. Yes we are responsible for our own due diligence, caveat emptor (if that applies in the financial sector) and DYOR and all that, but this does not excuse those who continually and repeatedly abuse and seemingly flaunt the rules and regulations without recourse.
Of course AIM could change their rules and regulations are changed to say…….Investors invest at your own risk, anything and everything is allowed. “Do what you will is the whole of the law.” Then we know where we stand…..which is kinda where it seems we are at the moment?
Don’t think for one moment I’m after any compensation for myself or other investors, what’s done is done, my mistakes are my mistakes and I’m happy to live with them. But wouldn’t this be a nicer place to be if we didn’t have all this continued crap? And sorry Tom if this finally leads to the Sherriff’s position becoming unnecessary. Yeah right!
Bon courage to all