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MAJOR EXPOSE: IQE – more on Dr Drew Nelson’s EFH margin call(s): do you feel lucky, punk?

By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 13 May 2020


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.


We have heard nothing more from AIM-listed IQE over when head honcho Dr Drew Nelson received the dreaded margin call from Equities First Holdings (EFH) in relation to his non-recourse sale-and-repurchase deal involving (now) over 12 million shares. Yet as I noted on Monday, it seems pretty clear that we have not been told the whole truth and I shall be writing to AIM Regulation on that matter later today. But looking back, it seems there is something else which doesn’t quite match what we were told.

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