As David Lenigas so rightly pointed out the other day, AIM is not the world’s most successful growth market, as it claims, it is dying on its feet. It is on track to suffer its worst year in history in terms of fundraisings, investors are set for another year of negative returns and the number of companies is shrinking rapidly to more than 20 year lows. Yet the fat cats, the crony capitalists who have grown rich are preparing for a black tie feast of back slapping and self indulgence, where tickets costing hundreds of pounds and vast drinks bills are ultimately pad for by you, investors. The AIM Awards shortlists are out. It is nauseating.
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