By Tom Winnifrith | Saturday 13 September 2014
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.
It was less than four weeks ago that AIM Casino listed POS Outsourcery (OUT) announced a rescue placing at 20p. Today the shares are 15.5p to sell. So anyone foolish enough to ignore the serial business failures of CEO and Dragon’s Den star Piers Linney (see HERE) is already almost 25% down. Anyone who backed the IPO in May 2013 has – after 16 months now lost 86% of their money. Way to go Piers, worse is to come. This will be your biggest failure yet – although it faces serial competition.
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