Have a small investment following Director putting money where mouth is - he's invested in the last few days at 77p (see RNS). Currently 86p to buy. On the surface there is no turnover and no profit - yet they are hoping to apply for Full listing - is this just talk? I thought a Co. needed several years of "proper" accounts? - odd that this (one) Dir has invested so much money if there is nothing in it.
Earlier this year they floated (near 1 DYOR) and have reported nothing much since - except a 6m/pa deal to mange some part of Hull dock.....

Now how about some Local Knowledge bearing on this investment?

nice post Hangon! I totally agree with you. I got burnt myself in a company called Procomm in the Dotcom days. The director was Michael Wakeley and the whole thing a shambles from start to finish.The company lied about how many shares were applied for in its IPO. The group stockbrokers which handled the flotation were disbanded by the FSA later. Even worse he is now in charge of Sunbeach communications, the AIM listed company which has been suspended while they clarify matters with regard to funding. (Un)funny Procomm was suspended too. Procomm only ever produced one set of accounts about 2 years late, never made a penny etc and on the few occasions they sent any info to shareholders it looked like it was on scrap paper by second hand post. I'm not bitter really.I feel sorry for those who made bigger losses. But like you say how they get away with it is equally beyond me.