JSC Petrosakh

1982 days ago

Urals Energy – the fraud gets bigger as does the size of the looming cash crunch – another great day for the AIM Casino

Another great day for the world’s most successful fraud market, oops I meant growth market.  Over on the AIM Casino the problems mount for Urals Energy (UEN). We had been told that $3 million had been loaned out in an unauthorised manner by its 98.56% owned subsidiary JSC Petrosakh.  Think again, it is $5.1 million and it looks as if none of that is coming back so there is a looming $4.5 million cash crunch. Uh Oh! Timber!

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