UK 17:56 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.
Rules are rules and whether it is soccer playing sex offenders or AIM Companies you have to stick to them. Moreover a COI is a COI even if sign off on and some may be legally kosher but are morally wrong. I refer to my rows with DS on 3Legs Resources (3LEG). I look at Monitise (MONI), rats leaving AIM, viz Edge Resources (EDG) & UMC Energy (UEP). I ask where is the fraud at African Potash (AFPO)? And then - to entertain Wildes - I look at LGO Energy (SHITE) again as well as at Iofina (IOF) - when will it fess up? I also ask a question of Audioboom (BOOM)
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Comments
Weasel
Tom,
Have you seen the latest from Sea Energy’s today?
http://www.proactiveinvestors.co.uk/companies/news/123291/seaenergy-hoists-the-for-sale-sign-123291.html
Drunken Sailor
Point 1 the company that is being reversed in is not the company that filed the inaccurate SH01.
Point 2 I agree iOx (not the company being reversed in, which is SalvaRx) should refile the SH01.
Point 3 The law says you cannot have sexual intercourse (fuck) someone under 16, you are perfectly entitled to cop off with someone under that age, whilst you wait for them to turn 16, so you can legally fuck them. It is best not to make judgments on these things unless you have the full facts regarding both the activity and the consentuality. Just as it is best not to declare something you have not read as bogus, slurring those who wrote it.
Point 4 There are always COIs. There are processes to deal with it. The processes have been followed unless you have evidence to the contrary. I have full confidence in the Non Exec chairman in this instance. Without COI processes either you ban all COIs and have nothing ever happen or you just let COIs go with no process – which is best? I think some imperfect processes for dealing with COIs, because there is no perfect process, that allows progress is the way to go. I am sure there are Guardian readers who would disagree.
Point 5 The other shareholders in 3 legs win out of this deal. without the deal other 3 Legs shareholders lose everything. How can they be being treated unfairly. Ooh treat us all fairly, let everybody lose everything – the sort of shit BBMs came out with on AFREN re greedy bondholders.
Point 6 Saying that the Admissions document, which you still have not read, should be withdrawn and re done IS WRONG, you have not retracted that statement nor the slur on those who put a lot of effort in to it to make it as transparent as it is.
Point 7. If someone anoraks around in a company that you have bought’s CH filings and finds errors, are you going to recommend everyone sells straight away and then wait 72 hours and sell yourself. Or do you have a COI? Are there some rules that you apply more than others or are their some companies that need to be shamed more for breaches than others?
Point 8 you cannot believe in capitalism. State greed is good and that market forces should be the decider and then become a Bennite as soon as an entrepreneur, who you have history with, makes a PAPER profit, which he cannot realise until market forces have had their say on what the company is really worth for 12 months.
Point 9 Who are you on the side of here? It is not the existing shareholders of 3 legs who would lose everything. It is not transparency, because the Admission Document goes to great lengths to be transparent. It does not seem to be future shareholders, as you make no real case either way on the future, but I expect if you read the admission document you would come to the same conclusions as me on that. It does not seem to be the supposedly sophisticated investors, who have backed the placing and thereby set the price for the acquisition, which we both agree is on the full side, to say the least, but they are prepared to pay with full knowledge of the facts because they are all in the admission document. You seem to be on the side of some generic mythical righteousness of the sort only Guardian readers applaud.
Point 10 I am glad you are staying off the fags, it does reduce your cancer risk, but not eliminate it. I hope you never need to be treated by the chemicals iOx are trying to develop and can continue to develop, thanks to the funding your old friend Jim Mellon has set up for them.
eyeguy
Tom. Just a quick one.
If you know the current NYO BOD can you tell them to stop pissing around and call an EGM rather than quote some bullshit rules which no one really cares about.
Mick Hoxofter
How can Audioboom possibly have a placing at these levels? Didn’t Rob Proctor go on record as saying there would be no fundraise below 12.5p in an interview with you?
Tom Winnifrith
Eyeguy
Dont think Nyota board listen to me. They know I think they are useless greedy pigs – they should walk now.
t
Eyeguy
Tom
That’s my point. They are wasting shareholders cash on technicalities on these letters calling for an EGM. They need to go now. The share has been a total dog and what would be the point of actually going to the EGM and being humiliated (IMO) by being voted out. They hold practically no shares so what will having an EGM achieve for them?