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.

Shock: IGAS – Rescue Placing in 2015? – The woes of Piggy Austin accelerate

By Tom Winnifrith, The Sheriff of AIM

11 December 2014 03:39

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IGAS CEO Andrew “piggy” Austin still has not come clean on his shoddy Equities First Holdings LLC loan/share sale deal – FFS at what price is your margin call piggy? But that is the least of his woes. I reckon that the shares are worth 20p at best (see HERE) but now even his own house broker Canaccord ( yes those mothers of Quenron fame) is flagging up a potential gaping balance sheet issue.

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Comments

Robert

11 December 2014, 12:04

Posse
Andrew Austin

11 December 2014, 13:54

Thanks Tom for your research, 20% drop in two days isn’t down to just oil prices, wouldn’t you agree. I’ve just bailed mainly on your research, regardless if your shorting this or not the lack of clarity and arrogance by piggy wiggy is just shocking. Is there any way they could be just staying quiet and covering their margin call which surely has been triggered by flooding the market with more of his dog shit shares as he did originally after the EFH deal and then had the audacity to do an interview and explain how depressed he was about the current SP??? Despite selling 10million £‘s worth.
AIM rules prevent this or is the whole thing just a joke. Let down share holder