Leni Gas Cuba – how the 2p placement participants can complain to the Financial Ombudsman Service
By Ben Turney | Wednesday 4 November 2015
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.
Yesterday in his BearCast, Tom Winnifrith offered subscribers to Leni Gas Cuba’s (CUBA) controversial 2p placement some excellent advice. He suggested that if the placement participants were not made aware that the company’s founders were about to or had just issued themselves 250,000,000 shares at 0.01p (for just £25,000) they could stand a very good chance of getting their money back. To do so they would need to complain to the Financial Ombudsman Service (FOS). Below I provide more information about how to go about this.