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A dummies guide to spotting a PUMP AND DUMP on AIM

The AIM pump and dumps come in all shapes and sizes, from the well organised boiler room scheme scams to a very loose and decentralized pump. Many of the ‘pump and dumps’ now operate exclusively online rather than through the traditional cold calling method used during Mr Belfort’s heyday in the late 80s. I will focus today on the typical social media promoted pump and dump, which tend to be low level and unsophisticated, but that is not to say significant financial loss does not occur.


African Potash – How long will £0.5m last? and who are AMS?

African Potash raised £500,000 though the issue of 235m shares this morning 1st September, before expenses, at 0.2125p. The RNS fails to mention it but this is a whopping 39% discount to the closing price of yesterday and even larger than the discount I predicted here. This is definitely up there as one of the biggest discounts to market price on an equity raise I have seen on AIM…

African Potash – The Beryl Agreement – More questions

I see Tom Winifrith has published an expose on African Potash regarding its December 2015 agreement with Beryl Holdings regarding the acquisition of African Fertilisers (Mauritus) Limited. I have a lot of respect for Tom, he is one of the few people who has the balls to highlight some of the questionable practices that take place at the bottom end of the AIM market…