The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 25 June 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Technically insolvent AIM-listed POS Trafalgar Property (TRAF) has announced a bailout placing/subscription, courtesy of a Peterhouse special, to raise £750,000 at just 0.08p. Alongside that, there is a corporate loan restructuring which will see £600,000 of intercompany debt morphed into convertible loan notes issued to a director but still leave behind a further £1.4 million debt to said director. Well, you can’t say you were not warned…….
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.
Filed under:
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Monday »
Sunday »
Saturday »
Thursday »
Wednesday »
Tuesday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Friday »
Thursday »
Time left: 04:13:54
