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Predator Oil & Gas discounted placing as Novum finds a loophole to circumvent prospectus rules: swivel FCA!!!!

By Tom Winnifrith | Friday 17 March 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.

I pointed out a few weeks ago that Predator Oil & Gas (PRD) run by the troll Lonny Baumgardener and the share dealing just ahead of a placing whizz Paul Griffiths was pumping its shares ahead of an inevitable discounted bailout placing. Call me Mystic fecking Meg. So today Predator has raised £2 million at just 5.5p. But this is not just a straight placing. It stinks. With a hat tip to Evil Banksta let me explain.
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