Yes i can now report that there’re cooking the books over at the scotty group.Scotty Group PLC – Notice of AGM
After redesignating their account dates they are now showing a profit when in actual fact there’s a loss showing over the last 12 months in excess of 3 quarters of a million. Good old drunken lords!
Lead by a drunken leaping lord creaming off his pay and expenses good old Scotty are about to re-organise their share capital because….. The sp has dropped below their nominal 50p value which means that the drunken lord can’t issue any more stock to shore up the boards wages and expenses!
It’s you the share holders who will be asked to fund our lords a leapings’ cavorting around the city. What’s the betting that Scotty announce another fund raising once the nominal value goes down to 5p?
Dump them asap! Or try and day trade them on the ups and downs that are sure to follow! When the re-value happens expect a big drop on news of an equity issue.
Dan the man!