We warned you two days ago that Independent Resources (IRG) was trying to spoof investors with a bogus announcement in order to get a discounted placing away...it has not taken long, the placing today is a shocker. the FCA and AIM Regulation must investigate.
As a reminder, Independent tried to persuade us that a supplier had accepted payment in shares at 0.6p. The shares were in fact trading at par at 0.1p. The shares raced ahead to 0.3p plus on this spoof (we explain why it is a spoof here). And today the company has raised a pitiful £93,000 at 0.12p which will keep the PLC lights on for just another few weeks.