Yesterday afternoon I revealed how AM casino failure of a company Independent Oil & Gas (IOG) was trying to get away a rescue placing. Its shares were, as I went live, 15.5p and barely traded. I also revealed that even though it had slashed the offer price to 10p it was struggling because, let’s be honest, this is a dog. The reaction of the company has been despicable, forced to fess up but aiming to mislead investors.
My story was explicit and caused the share price to slump to 13p. The company had to put out a statement and so at 6.13 PM (no-one is watching O’Clock) it announced:
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