By Nigel Somerville, the Deputy Sheriff of AIM | Saturday 14 October 2017
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.
Central Rand Gold (CRND) is already suspended from trading on AIM and under AIM Rule 41 will be given the one-way trip to the execution chamber if it hasn’t sorted its problems out by 11 November. It is an uphill task, not to mention the striking off of its Nomad, ZAI Corporate Finance, as from 19 October. Now shareholders are being asked to sign up to a dilution to almost nothing, as outlined in yesterday’s 3pm RNS. What’s not to like!
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