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GOTCHA! First Class Metals - a tweet that has aged badly and a moron who owns the shares, as it admits my earlier article was all true

Tom Winnifrith
Thursday 1 May 2025
Finally First Class Metals (FCM) has finally issued an RNS confirming my breaking news earlier that the ponzi fraud 79th Group has gone into administration. If only it had done due diligence before taking its cash and appointing its chairman, now on Police bail, as its chairman.. First says it is also talking to other funders which is good as it is technically insolvent with net current assets of MINUS £300,000 and is burning cash. But who'd want to invest with the administrator now seeking to realise a 41% stock overhang? By way of backstory...

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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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