The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Can anyone tell me how on earth these jokers continue to get away with this conduct? I got mugged by bushmills and the fat mans deception a long time ago and had hoped for better since their departure, however, this BOD are entirely as corrupt as their predecessors (don’t get me started on PARSNIPS!!)
Do the FCA actually exist, if so how do they let the likes of AST continually peddle this nonsense?
I would not touch this with some else’s money...... I’m 70% down on this dog and can’t believe people actually believe a word that comes out of Sanderson mouth. Parsnips, SS and their like should be banned from being on any PLC Board IMO.
It’s absolutely disgraceful how leeches like Sanderson and Parsnips get away with this conduct time and time again without so much as a sniff from the FCA. Is there a more pointless organisation in existence? I too hope that no newbies have been suckered into becoming involuntary long term holders but I think this is wishful thinking. Until you’ve been burned a few times you tend to naively believe the guff these crooks peddle!
I cannot for the life of me work out quite what the FCA actually do, given Parsnips track record how on earth is he still allowed to be operating at board level on a number of AIM listed companies? Surely if they did their job properly the likes of him and fat Clive C should never be allowed anywhere near directorships, especially on AIM where it seems anything flies without punishment!!
These leeches cost a lot of people their life savings through deception and economical truths and get rich in the process while the innocent get fleeced!!
I will never touch another share that is linked to his name and advise others to do the same. AIM absolutely stinks of corruption!
The begging bowl will be out for sure.....I’ll go for just before closing
I’ve traded this ok so far, sold half between 131 and 136.90 in three tranches having got in at 106 and kept back 8000 for the long term. I’ve been gradually adding back the ones I sold since the last RNS between 93.7 (this morning) and 98p. Now this is testing all time lows again so I am contemplating taking some more. I may be wrong but I think this is a very tradeable share for the short term despite what some of the doom and gloomers here think, each to their own. I’m not here to discredit anyone just share my opinion. I am confident there’s money to be made here and expect this to be range bound for a while until such time as the SFO is out of the equation or more contract wins awarded demonstrating the credibility of the company moving forward as that’s the risk and worry here, if the rest of the industry follow like sheep and refuse to trade with PFC..
I fully intend to trade the hell out of it but will keep my core holding at a very low average to reap the long term recovery rewards which I believe will happen.
Now I have nailed my colours to the mast, watch this share break support and take a dive !! Lol
GLA
Slight feeling of Deja vu anyone?? I lost my shirt on this mob back in the day of the fatman and bush mills.....sold out when it hit 10p to claw back a 10th of my original investment (punt) as I don’t trust this lot further than I could throw them and now with parsnips on the take.....still if it drops enough I may take another punt. Don’t average down too soon and make the same mistake as I did
I just took another 2000 !! Seems to be holding
Now support has been properly breached it will be interesting to see where new support gathers, unchartered waters......don’t know whether to cut my losses or accumulate
Or call it support ??
Looks like resistance around a quid.....
Unfortunately the odds are always stacked against the PI, the whole system is corrupt.
I use leverage (responsibly) and I invested long heavily in PFC last week as there is no material change to the risk of this company following the regurgitated news we all knew about 6 months ago and it was a great opportunity to buy. I was looking forward to enjoying the inevitable rise back to 180-190 over the coming months, however I woke up this morning to find 50k of liquidity removed from my DEGIRO trading account.
DEGIRO have changed PFC from a C rating to a D rating overnight without warning, meaning they have taken away my ability to trade and forced my hand in to selling or I will get a margin call.
The old boys network always look after each other and screw us over, GameStop was great to see, finally, the bully boys taking the kind of hiding that they usually dish out, but I fear it won’t happen again any time soon.......we simply cannot beat the system no matter how hard we try and there will be process in place now behind closed doors to prevent us from repeating the scenario.
I have written a strongly worded email to DEGIRO this morning but I expect it will fall on deaf ears, but at least I felt better giving them a piece of my mind over my bowl of cornflakes!!!
The financial markets would do well to remember that the likes of us provide the liquidity to the market and the constant market abuse and trampling all over us the way they constantly do will lead to their downfall in the end.....I hope.
Bang on the money mate!! This smacks of all the usual guff with this share.....if I had a pound for every RNS that contained “imminent” “we continue” and “expected” I wouldn’t be 80k down here.
The usual rampy Rns of no real substance designed to lift the share price ahead of, you guessed it, yet another placing. Parsons is a master of deception, anyone who invested in sound will agree, I’m 98% down here and 95% down over at sound, I naively believed Colin Hutchison and Parsons blatant porky pie telling and I stupidly invested way too much. I will never touch aim shares like this again when there is so much volatility and money to be made in the ftse and S&p. I have made big money trading proper companies that actually do some real work other than spend your hard earned money thinking of how they can construct yet more spin on the same old dead duck story in order to keep the share price high enough to enable dilution over and over.
All they are interested in is funding the lifestyle of the board and ultimately bleeding you and the business dry . Super corrupt and should be investigated but won’t be.
Anyone thinking of ploughing significant cash in here, do so at your own peril. Reso was right about this share all along, if you have balls of steel and don’t get greedy with your trades you can make money, but there’s always the risk of an armegeddon RNS around the corner as happened a coupe of years back when I and many others lost their shirt and this is ringing all the same alarm bells.
Cheers bush mills Colin!!
Absolutely Rosewall, Reso was spot on. I’ve been here since 2017 and lost my shirt......no one to blame but my naivety in believing the crooks who ran this company into the ground taking their salaries and blatantly telling porkies to the PI’s
Wish I had listened to Reso.......I would be 80k richer today
KY??.that’s generous.......... feels more like they are using sharp sand as lubricant!!!!
Gladly wrote it off.....not hardly
I agree Scott, my shareholding has gone from 52k to £880 as of today.
I would hardly write that off to see this bunch of crooks do some bird!
I think some examples need to be made to protect the private investor and discourage this kind of market abuse
I couldn’t agree with you more......I’ve been so badly burned here over the last three years naively believing a lot of the lies when I was new to trading. It’s my own fault, nobody forced me to press the buy button, however, that doesn’t mean that CH and the rest of the leaches that have infested the BOD should get away with some of their behaviour.
Unfortunately the FCA is a pointless waste of time and while they continue to do nothing to regulate AIM properly people will continue to lose life savings/pensions.
Corruption doesn’t even come close................
Has Clive Carver joined the board without me knowing....???? :D
Typical of the corruption on AIM I am afraid......
I had a sell order for 400,000 @ 0.3p and the order didn't fill which is typical!