3111 days ago
Already there has been bad news today for Globo (GBO) but we are waiting for the hammer blow flagged up yesterday HERE. I discuss this. Talking of waiting...I move onto Daniel Stewart (DAN). Then a few words about Northbridge (NBI) and Cloudbuy (CBUY) before a bit of a swipe at Uk Oil & Gas (UKOG) and Alba Minerals (ALBA). There is a mention of Ortac (OTC) and also of Mariana Resources (MARL) and its overpaid POS CEO Glenn Parsons.
3750 days ago
I happen to think that Ortac (OTC) is a well-run company with some interesting assets but today’s £500,000 placing at 0.25p shows in the starkest of terms why the AIM Cesspit so urgently needs reform to stop the systematic buggering (without the lubrication of profit) of private investors.
I draw your attention to the chart below which shows the share price over the past week. On 13th January Ortac issued what looked to be a cracking RNS as I noted HERE
free stock charts from uk.advfn.com
The shares responded by heading up to a height of 0.33p on Thursday at the close. And guess what the company announced a placing today at just 0.25p. Now I do not blame Ortac. This leaves it with £3 million in the kitty and with a market cap (at 0.275p) of c£7 million its two assets are really in there for sod all. Being well funded is prudent.
