Boohoo (LON:BOO) now faces a fresh assault upon its investor base. It is clear that Leicester’s garment industry is a cesspool of corruption and massive law-breaking including, believe it or not, orchestrated contributions to Al Qaeda. It is hard to believe that the Kamanis did not know any of this.
This of course raises the question as to whether Avacta (LON:AVCT)‘s deal with the Kamanis to form Medusa 19, the vehicle to distribute AVCT’s Covid-19 test will be seen as entirely untainted. I hope so since no one can doubt the Kamanis’ expertise in online distribution. That noted, AVCT must wish that the spivs in whose bed AVCT find themselves had disclosed their hand much earlier.
So I remain short BOO and long AVCT.