3508 days ago
I noted in my earlier article HERE how Zedex Capital is involved in listing a stack of shit companies or indeed outright frauds on AIM. That is why anyone holding shares in Naibu, Camkids, China Chaintek, Asian Citrus and Asia Ceramics which are all, pro tem, listed on the Casino should sell now. If you doubt me here is another warning: Asia Distribution, what happened next.
The pattern is that the Chinese company floats, raises cash from gullible Gwaelos in London, Chinese investors sell in the aftermarket and then, to cover up the fraud, the POS on AIM agrees to a takeover at a price which sees all UK Investors lose money. But you ask what happens next once AIM investors are not looking any more? Asia Distribution agreed to a 52p a share bid to end its AIM charade. Here is the 2011 Regulatory filing from the acquiring company. Weep.
