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The dismantling of Rivington Street – new revelations

Tom Winnifrith
Friday 6 December 2013

The Shareprophets team writes: A number of writers on Shareprophets used to work for and/or own shares in Rivington Street the Plus listed company now going through administration after almost three years of being chaired by offshore Isle of Man investor Jim Mellon. But this process is throwing up a number of questions. 

The administrator Resolve has worked with Mellon, who is still refusing to go to South Korea to answer allegations of insider dealing, before on transactions which allowed him to buy assets from companies that had encountered financial issues under his chairmanship, notably Speymill.

Since the middle of this year Mellon has bought four companies out of Rivington.

on Shareprophets | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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