This transaction makes a mockery of the AIM Admission Document!
The AIM Admission Document is the key regulatory document for any AIM company and is often relied upon by prospective investors. A recent secondary placing of shares in a relative AIM newcomer suggests investors should now view this key document (and senior management of this company) with a large degree of scepticism.
K3 Capital Group PLC (AIM:K3C) is a business sales and brokerage business headquartered in Bolton with operations throughout the UK and a highly profitable operation. K3C helps its clients with the presentation of their businesses for sale to market, sourcing potential acquirers, and project management of transactions to completion. As we commented in our previous Blog here, we like the sales model, client acquisition strategy and low fixed cost base and think the Group has a good chance of taking business from the big accounting firms who lack the same focused, driven sales approach. Recently announced results for the year…