RE: NNN not dead until it is Dead!23 May 2023 22:19
The market is littered with companies like this-ramped by immoral individuals creating a frenzy
Look at EUA, Syme,ParsleyBox,Minoan,Blur-all excellent examples of PIs getting carried away, before FOMO locks them in.
I don’t think there is foul play here-I think TB probably couldn’t believe his luck, selling to quacking ducks.Duffin came in and thought he could commercialise some IP but that can take years.
This company is dead-the IP may have some value but it’s uninvestable to anyone other than specialist Funds who take a punt on it.
As for the FCA, I doubt it’s on their radar-it will be for the liquidator to figure out whether the directors have behaved properly