RE: TSP25 Apr 2024 18:01
Jeez louise JN really knows how to pick em! Didn't Vela accidentally invest £300k in this lot - what on earth did they do in terms of due diligence? At least it was (ironically) enough for them to cover their fine for misleading investors
"Marcus Nicholls, another retail investor, told City A.M.: “I don’t trust the directors at Truspine.”
“These directors misinform the market at every opportunity; about financing that never arrives and FDA approval that never comes,” Nicholls claimed. “Norman Lott and Laurence Strauss have to go.”
Aquis has previously penalised the company for misleading the market. The firm was fined £215,000, part suspended, in August last year after the exchange found it had misled investors about securing a loan, which had a charge over its assets."