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KERBOOM: Technology Minerals: Has death spiral provider CLG defaulted? Is the market now false & disorderly?

By Tom Winnifrith | Wednesday 20 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.

A source close to the action has been in contact and she says that disgraced death spiral provider CLG Capital run by Charles Ofori has been unable to hand over the first £1 million of a £5 million facility offered to Technology Minerals (TM1) and, in fact, with only around £600,000 passed on the facility has been terminated. It gets much worse on three counts and, if my source is correct, the shares should be suspended PDQ.
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