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.
On Monday, I published a public call for the AIM Investigations Team (AIM Regulation) to investigate the Platinum Partners loans scandal. This morning, we heard that Peter Landau and Anthony Eastman (directors at the time the loans were entered into and throughout the period they weren’t reported) have stood down from the company. Range claims that this is “part of a corporate restructuring initiative”, but the timing doesn’t look like a coincidence to me. If I am correct, then today I want to take the opportunity to applaud AIM Regulation for moving swiftly.
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Comments
wildrides
Oh my god ……….the flying pigs have landed and actually done something !
Well done young sir for initiating this effort.
Jane
Well done!
Who’s next?
J P Spaghetti
“has the AIM Investigations Team done its job?” Nah – I refuse to believe that until it’s written in an official capacity in the blood of the vanquished.That said, anyone have any idea of the temp. in hell at the moment – feeling a little chilly down there perhaps? And is anyone here superstitious?
punilux
Not telling shareholders that the, previously advised, sale of Texas assets for $30M had fallen through. Not answering questions because the info was “price sensitive”. Not issuing any RNS. Then telling share tipster.
Thanks Rory.
Employing scammers at Fuchanan to impersonate shareholders on bulletin boards. Does nothing.
Thanks Rory.
Appears to sign a contract for unspecified services, at unspecified rates, for $400M over 8 years. Information regarding payments to Range are too price sensitive to tell shareholders about.
Thanks Rory.
Having had numerous rights issues, some at mates rates, to apparently clear up all debt bar 75,0000. Then there is yet another £2.5M rights issue.
Thanks Rory.
We have ownership of something to back up $8M loan, but can’t be told what it is.
Thanks Rory.
Everything can be discussed on the outskirts of Perth, despite it being somewhat difficult to get to for Australians, let alone the British residents who own most of the shares. If enough proxy votes go against the board, everything can be decided on a show of hands.
Thanks Rory.
Who really cares about PL when the main problem is still coining it at shareholders expense?