3008 days ago
Yes once again I record with my father listening as he takes a rare break from crowing about his investment skills thanks to him owning a house. In this podcast I cover the real - and falling value of shells. Folks are just deluded if they think they are worth £500,000 even if utterly clean. Then I look at a few lessons from Peer TV (PTV) where fraud took place and I also cover Servision (SEV) once again with a warning that I have more. Those of a sensitive left wing disposition may be offended by a few jokes at the expense of my father and step mother.
3010 days ago
Is Wandisco (WAND) negotiating a trade sale as I hear or is it going bust? Either way it needs to issue an RNS now. Elsewhere I wander back to the days of Turnip Townsend to discuss why deflation could be the new norm in light of news from Tokyo overnight. At a company level I cover ITM Power (ITM), Proxama (PROX), Condor Gold (CNR), Peer TV (PTV) and the over ramped shite that is Glenwick (GWIK)
3010 days ago
Just when you thought PeerTV (PTV) could sink no lower in the AIM Cesspit it comes up with another shocker. The company is clearly insolvent, it has today admitted to lying to investors which is fraud as it issued shares after that lie and its Nomad ZAI Corporate Finance has formally walked. No-one else will act for it so after one month of suspension its shares will be booted off the AIM Casino. The next point of call will be the administrators and hopefully the rozzers as well.
The farce first. Ossie Weitzman who quit as FD yesterday has unresigned. Good, he will be there when the Old Bill come a calling. However Kavi Dhana
3011 days ago
It is not a great day for the AIM Casino. First down PeerTV (PTV) and now Oxus Gold (OXS) has called in the administrators and Nomad SP Angel has quit. The shares have been suspended since it lost its spurious legal case in Uzbekistan and now the money has all gone.
3011 days ago
The CEO Avi Vermus walked a few days ago and now the only credible player left at PeerTV (PTV), Ossie Weitzman has also stood down as a director. Nomad ZAI Finance is begging him to stay but unless he changes his mind it says that it will quit so the shares have been suspended. Great news.
3012 days ago
Bears are the new regulators, in fact the only regulators. Jabba the Hutt wants shorting banned. Worse still he is telling his deluded followers that shares in Afriag (AFRI) and his other dogs fell because of shorting. That is untrue as I explain in this podcast. I also cover: the after effects of ouzo, Frontier Resources (FRI), FastForward (FFWD), TrakM8 (TRAK), PeerTV (PTV), Sirius Minerals (SXX), London Capital (LCG) - in detail - and Jiasen (JSI)
3018 days ago
Warning: This podcast contains bad language throughout. I start with a quite surreal chat with the PR for TrakM8 (TRAK). Either he is on acid or I am. Anyway a follow up to yesterday's expose HERE is on the way. Then there is a detailed analysis of Fusionex (FXI) which is a red flag delight. Then it is onto the disgusting events and flagrant market abuse at Frontier Resources (FRI) and some scathing comments on the dog that is Bingo, Bongo, Bango (BGO). PeerTV (PTV) gets a lashing - I have a cunning plan for this one. Then a comment on how bad news is good news at Pearson (PSON) and finally considered words on MX Oil (MXO)
3020 days ago
I am being slammed for not backing those who claim they are trying to turn around PeerTV (PTV). I explain why their mission is doomed, why the pretence otherwise merely transfers wealth from the many to the few, the crony capitalists and why some of us apply double standards to the capitalist process of creative destruction.
3020 days ago
Today's ramp de jour is Marechale (MAC) which I debunk completely. The same rampers were active in Peer TV (PTV) - see earlier - and Glenwick (GWIK). They are scumbags. I laugh at Lenigas Cuba (CUB) have you seen the latest trade? Then it is onto Environmental Recyclying (ENRT), Octagonal (OCT), LGO Energy (TOAST), Greatland Gold (GGP), STM Group (STM), Phorm (PHRM), Quantum Pharma (QP.), XCite Energy (XEL) and Bahamas Petroleum (BPC), both in my 11 oil stocks to go bust list.
3021 days ago
PeerTV (PTV) has lost $32 million since it joined AIM just under 5 years ago. It continues to burn cash and lose money. Its sales are trivial and it is drowning in debt. Its shares therefore have no value at all. Even as a cash shell it would have no value since it has no cash and vast borrowings. It is worthless. Full stop. Yet recent weeks have seen the pumpers in full flow in another sordid and shocking tale from the AIM casino.
3059 days ago
Yes I have indeed done just that, or I think I have. The olive harvest saga continues and the snow has started on the mountains above the Greek Hovel, pictures later. In this podcast I look at Jabba The Hutt ramping Afriag (AFRI) and warn you what will happen next. Then a comment on LGO Energy (LGO) before heading onto PeerTV (PTV) and - in an unusual manner - I cover ValiRx (VAL). You see Satu I am a man of my word, Halosource (HALO) gets "the treatment" as does Gary Newman for buying into corporate bullshit speak. Then it is onto Photosntar Led (PSL), Fitbug (FITB) and finally InternetQ (INTQ).
PS I see that Evocutis (EVO), a David Lenigas related dog out of cash is off by 10% at 0.09p. Placing ahoy!
PPS: Warning, the pain killers are working brilliantly...extreme bad language alert.
3059 days ago
I seem to be struggling to do business with my olives here in Kambos, Greece. I appear to have sold the oil - all bar 16 litres which I am taking back to the UK. But so far I have paid the press 16 Euro for the transaction which now sees it owning 200 litres of MY oil. Surely this is not right? Perhaps InternetQ (INTQ) runs the olive press? In this podcast I also cover LGO Energy (LGO) just to keep Wildes happy - Jabba the Hutt fave Rare Earth Minerals (REM) and European Metals (EMH), Concha (CHA), Tern (TERN), Imaginatik (IMTK), Peer TV (PTV) and the looming debacle at Chris Oil fave Mkango Resources.
3097 days ago
This podcast ends with me thanking many readers for making me laugh. Before that I look at Lenigas Cuba (CUBA) and suggest that all 2p investors contact the Financial Ombudsman now. Then I discuss the - unfashionable - idea of taking responsibility for our own actions. Then I cover the fraud Globo (GBO) before looking at LGO Energy (LGO) and Inspirit (INSP) where placings loom very soon indeed. Then I cover World Careers Network (WOR), Standard Chartered (STAN), PeerTV (PTV) and Getech (GTC).
3101 days ago
Earlier this week PeerTV (PTV) – IPO’d at 45p a share four years ago now 0.02p – accepted that four shareholders had the right to stand for election to its board at an EGM on Monday. Today shareholders were told that they no longer had the right to decide who runs the company they own. AIM has allowed PeerTV to execute shareholder democracy. It has sent a message to all investors – FUCK YOU: the crony capitalists run the show.
3103 days ago
Yesterday I urged you to back rebel shareholders who wish to oust the useless board at AIM listed confetti issuing machine, PeerTV (PTV) – HERE. You have until 3 PM today to contact the registrar to vote at the AGM on Monday and I urge you to do so NOW. Details on what to do can be obtained by emailing [email protected] - but the rats are already deserting but the confetti issuance also continues.
3103 days ago
It is one month to Gold & Bears and we now have a A1 bear speaking line-up. I hope that all bearcast listeners will be coming along - details on how to get a free ticket are HERE. I then discuss the new Bond. Political correctness gone mad. Then it is onto Meggitt (MGGT), Chemring (CHG), Plutus Powergen (PPG) - a total ffing disgrace - Petra Diamonds (PDL), DJ International (DJI) - my heroes of the day - CEB Resources (CEB), UK Oil & Gas (UKOG), Auhua (ACE) and the other China Norfolks, PeerTV (PTV) , LGO Energy (LGO) and I have a warning for the board at Minera (MIRL), I have a "treat" for you guys later. Smiley face.
3104 days ago
PeerTV (PTV) has been a complete disaster story of the AIM Casino. Its first (lack of profits) warning came within weeks of its IPO at 45p per share in December 2010 and in fact related to events prior to the IPO which it had neglected to mention at the time. The shares are now 0.03p. And so it is now time to sack the board at the AGM on Monday. If you own any of the 2.4 billion worthless pieces of confetti in issue here is how to vote and why you should.
