RE: Peel Hunt30 May 2025 08:59
I got stick for saying they might raise at 1/10th of their last raise of 1.25p when it's worse than 1/100th. I was talking to someone in IR about this and the number of red flags in RNSs yet retail continued to buy just before an inevitable cash call and although we found it amusing she said it reflects really poorly on the AIM. I highlighted this a while ago but that's why the likes of Edison research (paid for) cut ties them them and basically said we won't take your cash to publsh these research notes as they're clearly pie in the sky (every revenue guidance massively missed). I'm surprised it took PWC so long to resign the account but as I said at the time they wanted out after the interim as could see what was coming and didn't wanna be part of it. Hence none of the other LSE specialist auditors would touch them. Very obvious.
10m shares last year could have cost £250,000 or in the mates rates raise £125,000, in todays raise 10m costs £1,000. Has to be the biggest con on AIM but thankfully the majority of the market saw what happened the last couple of years and more recently Jan's shocking trading update. Some ignored them but continued to focus on LinkedIn. You'll never guess who's posting LinkedIn guff on another BB it's none other than always sign off LOTM. Maybe he is a paid stooge and not just dumb as he's doing the same again having allegedly lost nearly £150,000 here.