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Ortac’s Placing shows why AIM needs Reform – this monstrous buggery of Private Investors must STOP

Tom Winnifrith
Monday 20 January 2014

I happen to think that Ortac (OTC) is a well-run company with some interesting assets but today’s £500,000 placing at 0.25p shows in the starkest of terms why the AIM Cesspit so urgently needs reform to stop the systematic buggering (without the lubrication of profit) of private investors.

I draw your attention to the chart below which shows the share price over the past week. On 13th January Ortac issued what looked to be a cracking RNS as I noted HERE


free stock charts from uk.advfn.com



The shares responded by heading up to a height of 0.33p on Thursday at the close. And guess what the company announced a placing today at just 0.25p. Now I do not blame Ortac. This leaves it with £3 million in the kitty and with a market cap (at 0.275p) of c£7 million its two assets are really in there for sod all. Being well funded is prudent.

on Shareprophets | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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