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Letter to the FCA and AIM Regulation re nanosynth and Market Abuse

By Tom Winnifrith, the Sheriff of AIM | Wednesday 11 January 2023


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’s deeply discounted bailout placing at 0.18p will have stunned some shareholders in nanosynth (NNN) who thought, as a result of RNS releases made in August and September, that the company had raised almost £3 million and was fully funded. That was a deceit. I believe that CEO Mark Duffin, PR firm IFC Advisory and Nomad SP Angel may be guilty of market abuse and have asked both AIM Regulation and the FCA to consider the matter.
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