The level of regulation on Aim promotes endless debate. It is difficult not to sympathise with Wilson Robb, who wrote to this newspaper from Ireland earlier this month questioning why breaches of the Aim rules by both companies and nomads (nominated advisers) could remain secret from shareholders and the market.

Any breach requiring a fine, "would be quite a serious reportable occurrence for a company", he wrote. "Without such important information regarding exchange reprimands being made public, shareholders and potential investors are unable to assess whether to remain stockholders or to invest in any such stock. More importantly, it denies us the opportunity to seek answers from, or changes to, the management, which possibly has governance and managerial issues to resolve."