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Minus 99.2% since IPO, the price you pay for a deceptive prospectus prepared by Cenkos, now Cavendish

By Tom Winnifrith, the Sheriff of AIM | Monday 4 March 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.

Rossyln Data (RDT) was a Cenkos Securities special as an IPO. Neglecting to mention that the key men in sales and product development had jumped ship months before the IPO to start up a competitor was, with a massive error and Cenkos should have been panned by the regulators. It was not and it does not care! A decade after the IPO investors have lost 99.2% (adjusting for a fifty for one consolidation) but Cenkos, now Cavendish, is still there banking its Nomad retainer and commission on numerous bailout placings, so bringing in stacks of coke and hookers money. Today there is yet another warning.
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