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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Radiant Gwth | RADG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.25 | 2.25 |
| Top Posts |
|---|
Posted at 09/10/2012 12:47 by bubble pricker The insiders will have all sold out by now to hapeless "investors", so suspension soon. |
Posted at 06/8/2012 12:27 by bubble pricker Andy, I don't know which boiler room promoted this, sorry. My understanding is the shares in these scams get promoted out of Hong Kong to Asian investors using the London listing as a reputation "enhancer". They promoters usually try to get them traded on SETS (open order book) to allow the promoters to create the illusion of liquidity through phantom trades. |
Posted at 17/2/2012 14:16 by bubble pricker Parvez, congratulations on saving what was left of your investment.Remember, RADG raised £6m in cash last year upon its IPO, and floated at 10p, a market cap of about £10. So it already floated at a premium to cash without having any other assets and management having no experience whatsoever in the natural resource sector. Now the market cap stands at £38m. There is no justification whatsoever for this. The company still is mostly in cash, and has made only one investment. Why did the share price rise so much for no reason? Following IPO, the shares were pumped by boiler rooms to naive investors. This was done to allow the "friends" of the founders to offload their pre-IPO shares. Meanwhile, the rest of the cash will be whittled away on director's salaries and more pointless investments until the company eventually dies worthless, at which point it will be renamed and the whole thing repeated. Believe it or not, there is an infinite supply of novice and naive investors who will fall for this again and again. It is a legalised scam. Invest your money in a proper company. |
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