RE: RNS Placing14 Dec 2023 07:49
Today's events are a exact example of what I have been referring to concerning AIM being a corrupt market, without doubt the bashing on this bulletin board once 10's of millions of shares were forward sold around .17p/.16p/.15p down to .11p have partly contributed to the placing at option money today.
To work a placing it is normal to approach a broker some weeks in advance, once you do this your stock will get hammered and forward sold, that is the reason there was no bear squeeze, I had hoped AB would not succumb but, as usual, he does what he always does with no obvious consideration for his shareholders. He has played straight into the forward sellers hands.
It is not the time to elaborate, in any-case it has all been said before, it is ironic that two companies are in the same boat, VAST has been seeking a parcel of diamonds for years, despite court awards they have not been released and RRR are seeking $10m apparently having won arbitration/court judgements and have received nothing, the rule of law in these African countries means nothing, clear for all to see, Africa is equally as corrupt as AIM.
Happy Christmas AB, perfect time to shaft your long suffering shareholders.