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NightCap and corporate governance, the worst on AIM?

By Tom Winnifrith | Monday 29 January 2024


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.


The big elephant in the room at NightCap (NGHT) is that it missed its Christmas budget by a mile, is being booted out of its biggest venue within weeks and will run out of cash on March 25 when quarterly rents are due and that it has not ‘fessed to this as it should under AIM Rule 11. That all comes down to corporate governance where this company is among the worst on AIM, if not the worst.
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