1185 days ago
After yesterday’s debacle, Katharine Lewis, is now the sole remaining director of Iconic (ICON) which means it is breach of the 2006 Companies Act which requires all public companies to have at least two directors. However, that is the least of her worries. The main concern, and one which should be getting the appropriate professional and legal advice about is Iconic currently trading whilst insolvent and should she ask for the shares to be suspended whilst it clarifies its financial position? Trading whilst insolvent was until recently, for a director, a Criminal Offence. It should be again.
3068 days ago
As we have pointed out numerous times, the crowd funded debt death spiral has failed. Golden Saint Resources (GSR) managed to raise a net £159,000 two weeks ago in a bucket shop placing but is still completely out of cash. It is bust. It is trading while insolvent. Yet still the pretence goes on with an "operational update." What bollocks.
3510 days ago
AIM casino posterboy Mopowered (MPOW) has today announced a rescue placing at 5p. It was listed at 100p on December 18 last year. It was trading whilst insolvent until today and has been for weeks. The shares are now 8.125p so investors have lost 92% of their cash in just over nine months. But it is not all bad news: the lawyers, brokers, nomad, accountants and PRs assisting this POS will – after commission today – have now made more than £1 million from the firm. It is coke and hookers all round for the Crony Capitalists of the AIM Casino, and hard cheese for the shareholders.
I am sure investors will be lining up to thank CEO Dominic Keen for his sterling efforts on their behalf. Mr Keen
