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Another day & Sorbic, another AIM China fraud, suspended as the claimed cash mountain disappears

Tom Winnifrith
Saturday 2 May 2015

Even the thickest mothers on this planet (that is to say the AIM regulation team) must be spotting a pattern by now as another AIM listed China fraud (Sorbic) bites the dust.

Sorbic PLC (SORB) had c£3.75 million of debt in the UK but claimed to have almost £7 million of cash in China. Its shares traded at a discount to net cash and PR Henry UpperClass-Twit of Abchurch, PR to nearly all China frauds, was able to argue that the stock was cheap.

Only one little problem compadres, Chinese boss Wang Yang Ting

on ShareProphets | Comments
About Tom Winnifrith
Bio
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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