TXO to be booted off AIM – boss Tim Baldwin insists shareholders will be relaxed. He is wrong

TXO (TXO) has – after two months of searching – failed to find a Nomad to act for it after the resignation of Northland. Consequently it will be boosted off the AIM casino next week.

I have spoken to boss Tim Baldwin who insists that most shareholders will actually welcome this as AIM is an expensive place for microcaps to raise money and maintain a listing. He may be right in that regard, I am no defender of the crony capitalists of the City who fund their coke & hookers lifestyles with bloated fees for small caps.

But I very much doubt that the small shareholders on the TXO register introduced as a result of bucket shop funding after bucket shop funding will be quite as relaxed

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