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Filthy Forty Walcom: bank blinks again, grim trading statement – and still the shares are not suspended!

By Nigel Somerville, the Deputy Sheriff of AIM | Monday 15 June 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.


So ShareProphets AIM-China Filthy Forty play Walcom (WALG) lives to fight on for a few more days after the bank blinked again and allowed Walcom to extend its payment plan, now with RMB 150,000 due on Friday but with CEO and CFO Mr Chi’s loan still nowhere to be seen, at some point the bank will lose patience and then either Mr Chi will have to cough up or it will be a one-way trip to corporate heaven.

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