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BREAKING: Nightcap in disarray and in breach of AIM Rules as Revolution explains the facts of life & tells it to Foxtrot Oscar

By Tom Winnifrith, the Sheriff of AIM | Tuesday 28 May 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.

Last week Nightcap (NGHT), the almost insolvent bars chain run by fading Dragon’s Den “star” Sarah Willingham announced that it was hoping to raise £3.5 million at 5p, citing possible M&A activity as well as the need to support “working capital”, i.e. keep the bailiffs at bay. The shares are 3.9p. What La Willingham did NOT announce was that Revolution Bars (RBG) which Nightcap had said it wanted to buy on May 2, had told it to get stuffed as the proposed deal just could not work. Do la Willingham and disgraced Nomad Allenby not give a feck abut AIM Rules on timely disclosure?
Okay so AIM rules are for little people. Not ex TV stars like la Willingham. We get that. I always said that the all share proposal was a non starter and so it has been confirmed but by Revolution only.
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