IQE, Drew Nelson and the scumbag scallywags at Equities First – another sordid chapter of pretence
By Tom Winnifrith, the Sheriff of AIM | Friday 2 June 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.
Equities First holdings offers a service where CEOs of companies where the CEO knows the stock is going to tank, pledge shares to EFH in return for a loan at c65% of the value of the shares. We exposed this scam back in 2019 when EFH first open up shop in Britain. EFH ALWAYS dumps the shares on day one so locking in a neat 50% profit and when the shares tank the directors are faced with a margin call and default.
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