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Legendary Investments Announces Successful Placing but talks bollocks

Tom Winnifrith
Monday 19 May 2014

AIM Cesspit listed Legendary Investments (LEG) has today issued a release headlined “successful placing”. How does it define success? Meanwhile , how I define “talking complete and utter bollocks?”

Legendary has raised £900,000 at 0.11p with “a range of institutional and private investors” In plain English that means bucket shops and other flippers. The chances of one finding that Fidelity, Black Rock and Berkshire Hathaway have joined the shareholder register are somewhat slim.

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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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