Powerhouse Energy – Letter to AIM Regulation about that placing in a closed period
By Tom Winnifrith, the Sheriff of AIM | Wednesday 6 September 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.
This seems pretty simple. Today, Powerhouse Energy (PHE) announced interims which were naturally utterly piss poor but covered in vast amounts of jam tomorrow. Its acting CEO Keith Riley also walked with immediate effect for “personal reasons.” Yet on 22 August through the offices of esteemed bucket shop broker Turner Pope, the company did a £1 million placing at 0.5p. hang on Henry… I have written to AIM Regulation
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.