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Coms – blatant market abuse and is the Nomad set to resign?

Tom Winnifrith
Thursday 26 February 2015

Coms (COMS) is the gift that keeps on giving. In today’s instalment we have wholesale market abuse and the question of when the Nomad might jump ship. Meanwhile the company needs to clarify its financial position. Is it trading only thanks to the support of banks who could pull the overdraft at any time? Methinks yes.

The market abuse first. Yesterday a blog post appeared HERE which purported to give specific details of a takeover bid at 5.6p per share even naming the party. I have naturally reported this to the FCA for giving out information one knows to be false is called market abuse. It is a criminal offence.

Update: The page has been changed.

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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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