cash shell

564 days ago

EXPOSE: Seed Capital Solutions an ESG IPO play for Malcolm Stacey & Chris Bailey: it surely takes the piss

Seed Capital Solutions (SCSP) was incorporated in December 2017 but only joined the Standard list – just before new tighter rules came in to play – on 12 April this year. It is a cash shell looking to make an ESG Acquisition. And today Rolf Harris has just been appointed head of the NSPCC. Sorry, I meant to say that Seed Capital has a new CEO

587 days ago

Nanosynth – is it cash shell material? Yes. But should you buy the shares….here is a rescue plan that will work

With it having admitted before Easter that it will go bust in June, shares in nanosynth (NNN) have collapsed to a current 0.061p. The good news is that it can be rescued. The bad news is that it might be rescued at 0.01p. Here is how this should work.

1279 days ago

And now from Peterhouse and Chris Akers it is another shameless nest of vipers ramp – meet TECC Capital

They used to be called cash shells but Peterhouse likes to brand its pointless financial creations SPACs (Special Purpose Acquisition Companies) to make them sound more sexy. Of course what they really are, are money making machines for greedy founder investors and rampers like Chris Akers, the Wolf of AIM, and for financiers like Peterhouse who float them on a production line of greed.

1370 days ago

Ridgecrest shares unsuspended – Zak Mir must be creaming himself: let the insanity continue

I warned folks on 22 January that cash shell Ridgecrest (RDGC) was, at 3.1p, a £13.5 million accident waiting to happen. With folks such as the penny share hucksters at LSE Share talk, employers of disgraced promoter Zak Mir, in full on spiv mode, folks were piling in even though the company had cash of just £2 million and no other assets. It was insane. Still, if Zak says the shares are a buy…

1779 days ago

Tom Winnifrith Beacast: The cancer of private chatrooms for shameless ramping by AIM Casino bosses - will AIM Regulation act?

As I reveal that it is not only Versarien (VRS) up to no good in this respect but also Eurasia Mining (EUA), I wonder which other shameless PLC rampers are up to no good and will AIM Regulation do anything to stop an increasingly disorderly market becoming an open sewer? I look at retail shares and real estate plays on that as more evidence emerges that my very long term “avoid the lot like the plague” stance was correct. I look at changing brokers at Cenkos (CNKS) and Condor Gold (CNR) and Premier Miton (PMI) and what the AIM Casino demise of SalvaRx (SALV), where managers are talented, says about the dangers of backing a cash shell.

3462 days ago

Polemos: Rogue alert - David Steinpreis is on board

AIM dog Polemos (PLMO) - or should that be PMSL - is a cash shell formerly run by the great promoter Big Dave Lenigas but now run by his sidekick Donald Strang. Assuming its assets held for resale are realised at the half year 2014 book value it should still be sitting on cash and cash equivalents of c£200,000 but that probably only gives it to Christmas until it has to pass the hat around again.

4462 days ago

JJB Sports - do not waste your cash, c0p ahead

JJB Sports (JJB) shares now trade at 0.32p valuing the company at just under £1 million. Quite amazingly there are still a few prize loons out there who think this Aim listed retailer is some sort of penny share punt and are “buying for recovery.” They are mad. This stock is utterly worthless and if you can realise enough after trading costs by selling what shares you have you should do so even at this price. This is not a call to short, I imagine that it is very hard to do so but I cannot see how the end game here is much different from 0p.