I might have suggested in prior articles that Peter Redmond was a senile old fool (albeit an honourable senile old fool). I take it all back. The man is a frigging genius, the ultimate playmaker in the world of the AIM Cesspit. There was Kennedy Ventures (KENV) wandering in the valley of death (just two days ago) and the maestro waved his wand and at a stroke it is the best performing share on AIM. What can I say? Peter Redmond is the Wizard King of the Cesspit.
At close of play on Monday having released dire results (see here) the company was at 1.55p valued at £420,000 but worth nothing (well £25,000). But as the grim reaper looked on and beckoned Kennedy towards the graveyard, the maestro moved in and on Tuesday announced that he had raised £550,000 before expenses (so let’s call that £500,000) at 1.25p.
What a genius!