RE: Tom Winnifrith26 Feb 2021 12:38
TW today: Versarien (VRS) published interim results which misled investors as to its net debt position by classifying a £1.96 million (illegal) Government loan as a trade payable not as a loan. Having deceived folks with this presentation, loathsome boss Neill Ricketts was again selling shares, this time 1.65 million of them. Now – after I complained to the Oxymorons at AIM Regulation and hapless Nomad SP Angel of fraud MySquar infamy, Versarien has ‘fessed. But even so it does so in a misleading and deceptive fashion reinforcing why its shares are so utterly uninvestable.
Pretty worrying stuff.