NB. Reblogged. As a warning to what can go wrong when this mob place.
More shocking proof of the disgraceful ramptastic bollox coming out of the now fully exposed Ex Lenigas AIM listed Vehicles’ dropped today via RNS.
Have a good read of the ‘LGO Energy PLC Corporate and Operations Update’ released on 24th Feb’ 2016 then compare it to todays woeful RNS LGO Energy PLC Termination of Offer Period and Goudron update
So as predicted by yours truly the shining white knight riding to the rescue with $20 Million dollars to invest in LGO Energy (LON; LGO) that was at the time capitalised at $15 Million dollars has evaporated. Of course some would say that the mere notion of any ‘savvy’ investor wanting to invest $20 Million dollars in a Company capitalised at $15 Million dollars was a credibility stretch of Grand Canyon proportions. What I would say is this. It is wholly indicative of the way David Lenigas and Neil Ritson and the whole Jermyn Street Mafia run their plays. They stretch credibility using ramptastic notions that always seem to fall away at the last gasp. In other words when the push comes to sign the deal it always falls away.
So what now for the haplesss, witless, Ritson and LGO? There’ only one way forward and that is a massive highly dilutive placing. It’s a SMASH & GRAB £6Million placing. Ritson will be booted out. The whisper is that there’s a book opened up on LGO, which means some one is looking to place and takeover the reigns of power. I wonder who that could be?
Always gets the info!