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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