I warned you that Tomco (TOM) was pumping ahead of a placing. Some poor saps ignored that advice and paid up to 4.5p per share earlier this week. I hope they lubed up well as this morning £600,000 was raised at just 2.75p. Ouch! But this money will be pissed away just like all the other monies this POS company has raised. The City's No 1 oil analyst, Zac "the Knife" Phillips of SP Angel is damning in his morning email to clients. The great man opines:
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