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The curse of Roby Zomer strikes again – the man with the reverse Midas touch

By Tom Winnifrith | Friday 15 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.

The downfall of MGC Pharmaceuticals (MXC) has been well documented on this website since I published a detailed dossier 18 months ago when it was valued at £70million. Those who backed its founder Roby Zomer rather than my analysis have lost 99% of their moolah. But MGC looks like a great British success compared to Zomer’s other effort, Graft Polymer (GPL), floated at 21.5p less than two years ago, its shares are just 0.16p after another disaster today.
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