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David Lenigas mugs mug punters again as book build flops

Tom Winnifrith
Thursday 10 July 2025
Bears shit in the woods. The Pope is always a Catholic and David Lenigas always mugs private investors. The key point to remember with the London Bitcoin Company (BTC), formerly Vinanz, is that Big Dave paid just 0.25p for his shares less than two years ago just before its IPO. When the bitcoin in treasury bubble totally bursts and Dave has moved onto his next ramp, if he can sell at 3p or 4p he will have made out like a bandito. Mugs who were paying 55p just a couple of weeks ago will be wiped out. Plus Ca Change. Today a placing has flopped at just 13p.

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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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