Disclosure: The author has a short position in one or more of the shares 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.

IGas. How about an explanation?

By Lucian Miers

13 November 2014 05:23

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If I were an IGas (IGAS) shareholder, I would be more than a little miffed. While the truth is being slowly extracted like a painful tooth from NOMADs Cenkos (Quindell} and Westhouse (Cloudbuy) over their clients’ dealings with Equity First Holdings LLC (EFH), Jefferies maintains a deafening and belligerent silence.

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Comments

rob

13 November 2014, 07:15

If you’re short a company with good fundamentals you’re going to get your fingers burnt next week.
No one will care about a deal that only appears ill advised with hindsight if the figures are good.
alcira16247

13 November 2014, 09:54

Lucien

Thank you for again, highlighting this disgraceful affair further.

23.85% has been wiped off the value of iGas so far this week!

We have heard nothing from the company regarding the share dealing of Mr Austin, despite widespread calls from shareholders and financial commentators over what exactly his contract with Equities First imply. Its Mr Austin’s actions that has sparked off this latest bout short selling.

Once again a company and its advisor’s, demonstrate their complete and utter contempt for the small private investor. They should hold down their heads in shame!