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.

The Unnacceptable face of Capitalism that is David Lenigas misleading investors again

By Tom Winnifrith, The Sheriff of AIM

29 February 2016 05:03

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On 19 November 2015 shares in Rare Earth Minerals were 0.8p and I warned that they were overvalued and that a placing was 100% inevitable - HERE. David Lenigas took to twitter and explicitly accused me of lying/being a troll/making it all up. Today the shares stand at 0.57p after a placing today at just 0.55p. So who is the liar now?

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Comments

Andy

29 February 2016, 06:00

Yes. It was inevitable. Rem is being used to prop up Bacanora. This has been as plain as daylight for months! As always these days, I am enjoying the show without participating in the money burning. REM will be run into the ground for as long as Bacanora needs cash. If/when Bacanora succeeds, REM will be killed off as it will be almost worthless after the continual dilutions.
Bob the Brush

29 February 2016, 06:18

DL’s twitter rantings are just unreal now. I never realized just how much being on the boards of these companies was holding him back. he has gone from ramper to delirious liar. he will literally say ANYTHING to get the message he wants. Him now having a go at retail ‘flippers’ as being the source of his companies problems? how can he say that with no shame? his entire business model is to sell cheap placing shares to institutional flippers, who then rip off his loyal retail investor morons. But now he is criticizing his victims for flipping? this man has no shame!

its quite mind boggling. he is no longer even trying to hide it, he will just tell any lie to get maximum money out of the PIs. absolute disgrace.