UK 07:41 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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 shocking RNS today lays bare that shareholders in Pennpetro (PPP), especially those taking part in two 12p placings were deceived and misled as to the state of a company that now admits it is facing possible insolvency. It says it is investigating past directors, the fuzz should be investigating. Investors have been defrauded, surely Lenigas should go to jail or, at the very least, never run a listed company again.
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