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LGO forced by ShareProphets to clarify annual report lie but someone is still lying

Tom Winnifrith Thursday 24 December 2015

 

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Two days ago I accused LGO Energy (LGO) of misleading investors big time - HERE. Today, when it thinks no-one is watching, it has put out a grovelling correction but someone is still lying. Neil Ritson you useless little shit another correction is still needed.

My point was that LGO raised £7 million to buy a field ( Trinity-Innis) in mid 2014 a day after it said it did not need to raise cash to buy the field and in June 2015 stated that discussions were continuing in its annual report. But the vendors stated in Q4 2014 that LGO had walked.

LGO today states:

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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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