Ann: Change of Nominated Adviser (NOMAD), page-3

All that is saying is that they offer a wide range of services .

Nominated advisors (NOMAD's) are part of the regulation model in AIM .

They review regulatory news releases and supposedly know the rules inside out so can ensure their clients which are listed on AIM comply with them .

Maybe Oilex were unhappy with the service they were getting or thought they could get a better or cheaper service elsewhere .

I have noticed that some nomads seem to be a magnet to unscrupulous directors of scam companies .

For that reason , respectable companies like Oilex need to choose their nomad's carefully in order to avoid sullying their reputation by association .