UK 19:05 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.
Readers of this website were repeatedly warned that AIM Casino listed Touchstone Gold (TGL) was a POS ahead of its July 1 2015 suspension. Today the company has been formally booted off the casino in a statement which shows what a total shambles this enterprise was. The curst of Steve Berry lasted well after his "departure"
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Comments
VINES
good kill. 2016 should see more piss-ant shells of aim go bye byes
Cliff Peat
Touchstone has AIM listing cancelled – but Worthington WRN on the main market continues to be “in suspension” for now well over 12 months – filing of the (extended) audited accounts for 18 months to 30 Sept 2014 has been overdue since end March 2015 – no interims to 31 March 2015 – no substantive financial trading updates at all.
The suspension has been extended many times because of a reported potential takeover (effectively a RTO) by the insolvent Greenlandish company NunaMinerals AS which for about 6 months has been reported to be in the process of being re-financed. The WRN company secretary is listed as P D Cosec Ltd – which is a one pound “dormant” company owned by a chartered accountant and has the same accommodation address as WRN.
Despite these apparent breaches of Company Law and FCA/Stock Exchange rules, the shareholders (both the naive and the savvy) have been locked into the situation with no apparent support from the institutions which are there to govern and monitor the markets.
During this long lock-in “life has happened” – a shareholder poster on LSE today recounts his financial and extreme health misfortunes of 2015 and continues to be totally in the dark as to the value of his WRN shares or likelihood of realising them for cash. He pleads – “I just want my money back for a bit better life”.
The vocal minority of WRN holders who post on LSE may be an easy target to ridicule but I suspect there are many who are just silently putting up with what seems to me to be a flagrant flouting of corporate responsibility and IMO human decency.
Is there anything TW is able or wants to do about it?
Tom Winnifrith
Cliff
I am on the case re WRN
t