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A Comparison of AIMs Largest Fake Takeover with the Upland Amateurs

By Evil Banksta | Saturday 28 October 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 week we celebrate the official anniversary of AIM’s largest ever fake takeover. Four years ago, on 24 October 2019, Eurasia Mining (EUA) blew the starting whistle with an RNS that would ultimately see its market cap inflated from just under £10 million to a peak of £1.2 billion. During that time, whilst supposedly seeking to sell its assets, Eurasia placed to raise funds three times, raising a total of $45 million from shareholders. All that money has gone now!
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