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Feonic – lying to its shareholders and now leaving ISDX and screwing its shareholders (again) big time

Tom Winnifrith
Wednesday 12 February 2014

From the AIM Cesspit to the ISDX (formerly Plus) mini Cesspit and to Feonic (FEO) which has today announced that it is withdrawing from ISDX subject to AGM approval because the cost is not worth it. Henceforth shares will be traded on a matched bargain basis only and investors will get far less company information. Hmmm ...this is shocking and I flag it partly as I have “history” with this company and becuase I want to accuse Feonic boss Brenda Hopkins of telling lies..

I think it was more than a decade ago that this producer of “whispering windows” and I first crossed swords. It had put out a release which was to put it bluntly just plain misleading. A talented young writer whom I then worked with – and who is now setting the world of Google on fire – produced a superb piece flagging this up.

A shareholder passed this on to Feonic’s boss then and now, Brenda Hopkins who commented by email ”She is a journalist so she is allowed to make things up”. Needless to say we got a grovelling apology from Brenda for that one.

Wind forward more than a decade and so many issues of equity that I lost count at 16 since the start of 2008 and investors are still getting legged over.

on Shareprophets | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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