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.

Patagonia’s Marc Sale – Ben Turney is wrong: he should never sit on an AIM board again

By Tom Winnifrith, The Sheriff of AIM

4 September 2014 11:49

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Ben Turney has just argued HERE that Marc Sale, the former Technical Director of Patagonia Gold (PGD) - who quit yesterday 24 hours after admitting to 17 undeclared share transactions- should be reappointed to the board. Ben, you are a tolerant and forgiving, nice guy but you could not be more wrong.

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Comments

Ben Turney

4 September 2014, 12:27

@Tom – Meh, but as you and I both know the rules on AIM aren’t enforced anyway, so your point is mute.

Obviously not revealing any names here, but when we think about the outrageously and overtly corrupt practices that blight this market on a daily basis, jumping all over this guy seems pretty pointless.

I take your point about rules being rules, but, with that in mind, show me in the rules where it says a rule breaking director cannot be reappointed…
alcira16247

4 September 2014, 13:23

I fully agree with Tom!

There can be no toleration of any corrupt rule breaking practices, full stop.

Aim has been blighted since conception with a reputation of casino and subsequently attracting some of the worse conmen, practising scams, fraud and worse, at the expense of the private investor.

Its about time that AIM fulfilled its true potential and the official bodies of regulation and enforcement started to act in the interests of investors, as they are charged and paid to do!