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BREAKING: The IPO of SpectrumX: The Earl of Shrewsbury, Tory sleaze, the alleged VAT fraudster, the missing shares & £3m and now administration

By Tom Winnifrith | Tuesday 23 November 2021

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.

SpectrumX Holidings Limited claims to be ready to set to launch, inter alia, the world’ smost powerful hand gel to stop the spread of you know what. Admittedly it is, according to its own website, only at the “patent pending” stage  but it reckons that a Q3 2021 £50 million IPO is happening. We are now in Q4 so what’s the catch? Yesterday, Nick Michaels of Alfred Henry confirmed his firm was acting for SpectrumX and the IPO was still on, albeit delayed. Today administrators were called in. Ooops.

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Rumours of two placings FWIW