RE: Taken for a Fool again on Aim....I hold my hand up14 Dec 2023 10:19
AIM is the Wild West, full of charlatan criminals masquerading as businessmen. There is a good reason why AIM investments are recorded in the “unlisted” section on your self assessment returns, even the HMRC recognises it’s a casino!
Couple that enablement with the lack of scruples of Palumbo and JV Liar and shareholders have been put through the perfect storm
With this refinancing Palumbo had positioned the z-list investors to take over EQT at a bargain basement price, if they all take their warrants the z-list will be well over 50% as a consortium, at a value well under 0.075p, making it literally impossible for any holders anywhere above this threshold to recover anywhere near their investment,
If the company thrives shareholders get shafted, if it goes down the pan shareholders get shafted