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.

FCA & AIM Investigations Team asked to investigate Tower Resources’ placement

By Ben Turney

9 April 2014 12:51

Last Friday, I predicted that Tower Resources (TRP) would place imminently. Today it did. Is this a lucky coincidence? Of course it isn’t. Time and time again I have watched share prices be pulled into the gutter before a placement is announced. On each occasion, the pattern of trade has been roughly the same. This unashamed market abuse is so endemic on AIM, that the perpetrators can barely be bothered to cover their tracks. They feel safe in the knowledge nothing will be done. However, this time could be different.

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Comments

Richard

9 April 2014, 19:02

Who voted you judge and jury on AIM Benny Boy?!
Ian

9 April 2014, 19:37

Totally agree, keep up the good work.
a1hooky

9 April 2014, 20:53

if richard doesnt like the sound of people saving him from being cheated then he must be one of the bad guys so as far as i am concerned send em all to hell ben.
Thornbury

10 April 2014, 00:06

Well done Ben. Totally agree and with you all the way.
jo

10 April 2014, 00:53

Well done Ben. But I doubt anything will be done until the government get involved. FCA do not care
Libero

10 April 2014, 09:15

Great article Ben. Keep up the good work