Kola Karim

3550 days ago

African Eagle – Is this the end or the beginning of the end: shares suspended

Shares in African Eagle (AFE) were suspended from the AIM Cesspit today because as an “investing company” it has failed in twelve months to…er make an investment. In six months’ time if it has made no investment it will be booted off the casino for good. At the suspension price of 0.28p it is valued at £2.5 million but worth NOTHING. Who said markets were efficient?

Of course if you read recent statements from the company you’d have thought that there was bright upside. In light of recent events would chairman Kola Karim like to justify these statements made via RNS on 18^th June 2014?