RE: Well14 Oct 2021 09:42
V111JAS
Aim specifically is littered with examples of lifestyle companies, that promise everything and deliver nothing, except a steady stream of confetti shares and endless jam tomorrow RNS's.
There are a few names of directors that I see, which won't be named here for obvious legal reasons!!, that routinely show up on newly incorporated companies on AIM, after leaving the previous one they created and rinsed for everything they could get, whilst just about remaining on the right side of the law.
The situation isn't helped by the market itself - bucket shop share placements, forward selling, vested interests benefiting before the rest of us and seeing those classic words in a placing rns "for working capital purposes", just means salaries!
we have to be nimble in our approach to navigate this minefield and that is before we even put a penny to work in the AIM casino, as that is what it has become.
I have been investing and trading AIM for 14 years and I know you need to keep your wits about you in this sh^tty end of the market, as you find all the sharks, sh^tbags, schemers, pumpers/dumpers and every other chancer here.!!