By Tom Winnifrith, the Sheriff of AIM | Wednesday 16 February 2022
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.
Yesterday I outlined how the proposed Value Creation Plan at AIM listed Kistos (KIST) was nothing of the sort, it was just a scam aimed at handing up to £25 million of free shares to senior management, notably Andrew “Piggy” Austin of IGAS (IGAS) & Equities First Holdings infamy. The shares slumped on the news allowing Piggy to buy another 150,000 of them at a year low price. Today the company “clarifies.” My arse. It dissembles. This scheme needs a radical redrawing.
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