Oh dear, oh dear… I have warned you numerous times to sell shares in AIM Cesspit listed Iofina (IOF) because it was burning cash and set to run out this spring and today the company has finally fessed up and admitted that I was right all along. The shares have collapsed by 56% to just 24.5p. So Numis (who reckoned a month ago that the shares were worth 156p) how much do you pay the analyst who served up that crap? Give my cat his job instead!
I have been warning about Iofina for more than a year and each time the Bulletin Board Morons responded with:
a) general abuse directed at me
b) claims that I did not understand the Iodine industry
c) references to Numis buy notes with 156p targets.
It is clear that those buy notes were not fit for use as loo paper. It might now dawn on the Bulletin Board moron