4010 days ago
On the AIM Cesspit new records appear to be smashed every day and the latest one might just have been set by EastCoal Inc (ECX). It was already listed in Canada but on December 28th it raised a gross $9.5 million at 12.2p per share thanks to Cenkos and dual listed on AIM. On Tuesday May 7th its shares were suspended at 3.875 pending clarification of its financial position. This morning the finance director has quit.
I asked its PR firm (Tavistock) if this was a new record for IPO to suspended going possibly tits up
