share consolidation

136 days ago

UK Oil & Gas – as we await share consolidation what price the next bailout placing? And where does this leave Dave Lenigas and Pennpetro?

I write as UK Oil & Gas (UKOG) holds aa GM to approve a share consolidation. Like so many penny dreadfuls its shares have collapsed below par value of just 0.01p and it must therefore undertake a capital reorganization slashing par to just 0.0001p to allow it to issue even more worthless confetti. And boy does it need to issue shares.

144 days ago

Told y’all: Vast Resources, the pride of "Fatty", MINUS 99.99999% from peak, yet another share consolidation and yet another cash crisis

This is like groundhog day. The last 100 for 1 share consolidation was just 32 months ago when, laughably, dumb shareholders were told it was needed to allow dividend payments. But, no dividends and numerous placings later, Vast has again run out of cash and again its shares have slumped below the 0.1p par value. Its groundhog day!

175 days ago

Tom Winnifrith Bearcast: at least BSF Enterprises is honest in its Results RNS but its shares will collapse anyway

I start with thanks for your best wishes on my date with the Shipmans, including a very foxy Asian babe junior Shipman, yesterday. Then it is onto Kefi Gold & Copper (KEFI), paranoid advisors, Inspiration Healthcare (IHC), Guild ESports (GLD), BSF Enterprises (BSFA), Vast Resources (VAST) where a new GM must surely be called for another share consolidation and Supply@ME Capital (SYME)

253 days ago

Iconic Labs – the dilution carries on apace, again what is the point of this company?

Since I last wrote about Iconic (ICON) it has had a further two convertible loan note conversions, one from Toxic Dave Sefton’s Linton Capital and one from European High Growth Opportunities Securitization Fund.  Iconic now has 10.3 million shares in issue up from 4.7 million that remained after its 10,000 for 1 share consolidation on 25 August 2023.

299 days ago

Versarien – it is what it does not say that should terrify shareholders

Today’s GM at Versarien (VRS) will no doubt pass resolutions allowing for the issue of a blizzard of confetti and a share consolidation. The alternative is insolvency before Christmas. In a verbose statement which shamed chairperson Dianne Savory will read out. It is what the woman who seems relaxed about other women being targeted and harassed, does not say which is a killer.

318 days ago

Iconic Labs – more industrial scale dilution

Since I last wrote about Iconic (ICON) it has undertaken a 10,000 for 1 share consolidation reducing its 46,996,580,000 shares into 4,699,658 ordinary shares of 10 pence nominal each on 25 August. But then…

2922 days ago

Gulf Keystone - kicking small shareholders in the bollocks

Say what you like about the army of lunatic small shareholders that have stuck with Gulf Keystone (GKP) through thick and think but they are loyal. Rather like a wife who keep getting beaten up by her drunken husband they just stayed on for more. It was almost touching. And now with the debt for equity complete Gulf is to kick those folks in the bollocks with a share consolidation.