Jim Ormonde

78 days ago

Argentex – did the FCA feck it up, allowing the £50m collapse

Capitalised at £53 million at a 43p share price before admitting to financial woes and seeing its shares suspended, money broker Argentex (AGFC) has now taken an emergency loan and agreed to a bid at 2.49p valuing it at just £3 million. Shareholders have been buggered but was it FCA negligence that was the problem. Was the regulator yet again asleep at the wheel?

82 days ago

Argentex Group – as predicted a potential bid of just 2.49p versus suspension price of 42.64p

I did warn that shareholders in Argentex (AGFX) would lose nearly all their money on a stock where I have been a perma bear. Maybe I am a genius, not a crook, after all.

84 days ago

EXPOSE: Argentex Group: a £50m AIM disaster, shareholders should brace themselves for near wipeout & auditor Deloitte needs investigating

The fall from grace of money broker Argentex (AGFX) has been spectacular, even by AIM casino standards. Okay it blames Donald Trump for crashing the dollar and folks like champagne socialists Brian Basham and Gary Newman who, poor men, are suffering from extreme TrumpDerangementSyndrome will swallow that line. But after today’s latest bombshell should you? I suggest not and that there should be a full enquiry into the recent audit sign off from Deloitte.