WeatherAction
WeatherAction is the business through which Corbyn sells his predictions. He has in the past bet on these predictions. His betting attracted much interest in 1990, when his predictions of bad weather were met by a year of the "worst extremes".
WeatherAction was formerly listed on the Alternative Investment Market (AIM) as 'Weather Action Holdings plc' in 1997, and was transferred back to private ownership in 1999, primarily because of sustaining increasing losses and the impact of costs related to listed status (around £70,000 annually) compared to annual revenues of £250,000. Corbyn reacquired the weather prediction business; the listed shell was taken over by investors and changed its name to 'InternetAction.com', with the intent of researching potential net-based takeover targets.
WeatherAction exited the Alternative Investment Market in 1999 after reported losses incurred during its time as a public company of £480,000 and its share price dropped from 79p a share to 24p.
Read more about this topic: Piers Corbyn