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Toople dire interims, insolvency looms and is it admitting to lying to investors about money?

By Tom Winnifrith | Tuesday 26 July 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.

Toople (TOOP) has always been a dog with fleas and anyone owning the shares, down another 28% today to 0.021p has only themselves to blame – the loss since launch is now 99.75%.  But today’s statement seems to contain an admission of an obvious and monstrous lie told in an RNS before Christmas. Is low life adviser Novum happy with its clients lying to investors? I suspect it doesn't care as long as it is paid but I'd hope that the FCA would care.

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