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Disaster for Andrew Monk and Invinity: lack of sales warning, CEO “resigned”, shares crash

By Tom Winnifrith | Friday 6 September 2024


Disclosure: I own shares in one or more of the stocks mentioned. 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.


Gone are the glory days when Andrew Monk of VSA Capital (VSA) , where I am an unwitting shareholder, sipped champagne with Canadian fund managers purring that shares in his star client Invinity Energy (IES) were so cheap at 40p or more. Gone are the glory days of May this year when Monkey helped raise £ 57million at 23p. Today, just four months later, the shares have crashed to 13p after a shocking trading warning and with CEO Larry Zulch being “resigned” with immediate effect.
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