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Cientifica booted off AIM today but where did the bloody cash go?

Tom Winnifrith Friday 24 April 2015

 

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Cientifica (CTFA) was today formally booted off the AIM Casino after six months of suspension but shareholders will be asking where did all the money go and why is the board not pursuing this matter?

The company was meant to invest in graphene investments and was run until last September by Tim Harper and Tim Baldwin (of RAM and TXO infamy). The new boss Tim Godwin who accepted the “hospital pass” and took over late last year stated explicitly on 18 December:

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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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Tom Winnifrith Bearcast: Now really is an ideal time to talk about FTSE 350 and also AIM executive greed

I start with a swipe at the failings of the deadwood press and the behaviour of the soccer Premier League. More on the former in a podcast on my own website later this weekend – a promise for comrade Euro Loon Jonathan Price. Then a look at Debenhams whose demise I regard as a silver lining from the Covid 19 cloud. I think Zombie firms should all perrish. But the main part of this podcast looks at Executive Greed and with firms asking either investors or the taxpayers for a bailout now is an ideal time to lance this boil. 

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