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Strat Aero Interims - it is bust, plain and simple

Tom Winnifrith Monday 3 October 2016

 

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Lying to your investors is bad. I suppose committing fraud is even worse. But advisers without morals such as Nomad SP Angel and broker Beaufort Securities do not care about such matters as long as they get paid. But that may pose a problem as interims today from Strat Aero (AERO) show that it is completely bust. That SP Angel and Belfort will sign off on an RNS like this says everything you need to know about them. The only thing they should be signing is a resignation letter as Strat is bankrupt both morally and financially.

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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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