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The directors have lost money investing shareholder funds in other plc's. They have now raised new capital and are investing in other plc's, An investor, could invest directly in these other plc's without having to pay the administrative costs of an AIM company to do so, it would only be worthwhile if the directors of Pires were so gifted in their investment abilities that they could make extraordinary gains. Unfortunately, such abi,lity is very uncommon, and from their track record most unlikely. AT 1p these shares are a buy.
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