Following the shocking revelation that Tomco (TOM) had lied to investors it has pulled the £1.5 million placing at 0.4p announced on Wednesday leaving it running on fumes. In fact, I’ll wager you a line or two of finest Colombian marching powder, direct from the City’s grubbiest dealing floors, that it is technically insolvent. Yet its shares, returning from suspension, have rocketed ahead to 0.775p, a gain of c75%. The FCA should be hot footing it to the offices of broker Turner Pope without delay. I smell crime.