175 days ago
On November 1 2022, I published a red flags dossier on Turner Pope spoof MGC Pharmaceuticals (MXC) with the shares at 2.25p giving a market cap of £70 million. Wind forward 15 months and after a 1000 for 1 consolidation the shares are 18p meaning that those who mocked my advice have lost 99.2% of their hard earned. But so many gazillion pieces of worthless confetti have been issued that the market cap is still £15 million and today’s quarterlies suggest that is way too high as yet another cash crisis looms.
218 days ago
As I write, technically insolvent Vast Resources (VAST) has seen its shares surge by 21% to 14.25p on news that it has completed the Aprelevka gold mines deal. It is yet another spoof and here is why.
254 days ago
Evil Banksta has, as have I, called the spoof Eurasia Mining (EUA) perfectly, naturally attracting stacks of criticism from the Bulletin Board savants. My target price, as I explained earlier HERE, is essentially 0p. But what does the great one say?
268 days ago
309 days ago
Just as Upland Resources (UPL) shares are pushed massively higher by its claim that it received a preliminary non binding bid approach at 14p per share which it has rejected, guess what?
323 days ago
Actually, I think this may be more than a spoof it may be actual market deception but who really cares, with the shysters at Canadian Overseas Petroleum (COPL). The shares are heading only one way, like the geese flying over my farm this afternoon, it is due South.
480 days ago
It is only a couple of years since Online PLC became Online Blockchain (OBC). But blockchain is so old hat. Then there was the NFT spoof ( Rocky Horror division). What happened there? Er… So a new “angle” is needed. Today Clem Chambers jumped on the AI bandwagon with Synthia, a total spoof. Surely it is time to change the name again?
513 days ago
The bubble which saw vast amounts of cash chucked at companies seeking to make “meat” in a factory to allow pasty faced vegans to taste something they say they hate without harming any animals is bursting. BSF Enterprises (BSFA) knows that and also know that its last £3 million fund raise will not last long and so the begging bowl will soon be dusted down once more. Hence another spoof.
532 days ago
Tomorrow is an 18-20 mile training walk for Rogue Bloggers for Woodlarks. Please do think of how that will hurt, and to avoid more about Brokerman Dan’s underwear donate HERE. Then I look at the Chill Brands (CHLL) Blackpool spoof after today’s shocking expose HERE and why this can only happen on the Sub Standard List on the FCA’s watch ( no sniggering at the back!) Then woke campaigners like the wretched Church of England, Shell and light beers ( two of them).
562 days ago
You would have thought that if you really wanted to buy more shares in your company you would not be ramping the arse off it to try to push the share price up? That brings us to David Lenigas and news today that he has bought 400,000 shares in his Aquis listed bitcoin promote Vinanz (BTC). This stinks and is a sell signal.
580 days ago
In today’s podcast I look at Deepverge (DVRG), another triumph, Amigo (AMGO), Cineworld (CINE), the spoof at Genflow Biosciences (GENF), Wildcat Petroleum (WCAT) and Tern (TERN) where a statement is needed.
597 days ago
Before we get to today’s spoof from the rogues at Chill Brands (CHLL), let’s look at the last one from a fortnight ago.
611 days ago
Every year since its IPO Verditek (VDTK) has announced a big new contract win, spiking its shares, and allowing to get a bailout placing away to keep the Fat Lady at bay for another year. Then it admits that the contract has come to nowt. With its cash set to run out by June it has today announced a new contract. Is this the boy crying wolf yet again? Or is there a real wolf this time.
619 days ago
The funder of the lifestyle of disgraced, porcine CEO, Neill Ricketts, that is to say Versarien (VRS), will run out of cash and still have debts of almost £8 million by April or May. It has been knocked back on its big grant application to Innovate UK – as revealed here – and so must get a placing away PDQ otherwise the Fat Lady and the Fat Man will be singing a late Spring duet. Can you smell the desperation? For the second time in five days, we have an RNS Reach.
638 days ago
There is no evidence at all that management incentive plans actually incentivise management to work even harder or take even better decisions that reward shareholders. They are just a free one way bet for the fat cats. If you want a case study look at the 2019 and 2020 plans for Boohoo (BOO) bosses. Had the shares roofed it they would have coined it in without risking a penny. As it happens, despite all that “incentivisation” the shares, 408p back in 2020, have slumped to 49p today. So management need even more incentivisation right?
638 days ago
The last time we had a figure for the, rapidly falling, cash position at Chill Brands (CHLL) was 30 September when cash was £1.8 million after a £2.2 million loss in the six months prior. There were one offs in that period but you can do the maths. By the March 31 year end the cash will largely be gone and so yet another placing is on the way. So today a prize spoof.
655 days ago
It is 50 years since the Rocky Horror show first appeared and to celebrate this Clem Chambers and the AIM dog that funds his sons’ business, Online Blockchain (OBC), has another spoof for you all as it tries to get away yet another bailout placing.
696 days ago
Since I wrote about Tintra (TNT), its rule breaking and interim results on 27 October, it has busy with a few new announcements. Is this now a quarter of a billion dollar spoof?
752 days ago
Younger readers than myself may have to do a google on the track from the Little River Band but the reference today is Eurasia Mining (EUA) as we have yet another anniversary in the great bid spoof. This matters as Eurasia rapidly runs out of cash. This is a one year anniversary. To recap:
755 days ago
I start with Union Jack Oil (UJO) – is the special dividend a cue to turn bullish? Then onto the ominous silence at Wildcat Petroleum (WCAT). Finally a follow up on the Chesterfield (CHF) Pacton spoof. It gets worse. Much worse.
841 days ago
I start with the business, the spoofs at shamed Union Jack Oil (UJO) and Hydrogen Utopia (HUI), where the Aquis DOM of the year is yanking your chain. Then, onto today’s appalling trading statement from Parsley Box (MEAL). I run you through the implied maths, rather than its adjusted EBITDA and other fantasies, demonstrating why by this time next year, it will have gone bust. It is a zero, however much the bird in charge protests otherwise. Target price 0p by July 2023.
874 days ago
Just how many times will mug punters fall for this spoofing? Last Thursday shares in Verditek (VDTK) traded at 1.3p. On Friday they soared to 1.6p. On Monday there was a contract announced and they roofed it to 2.5p. Today…
875 days ago
With Versarien (VRS) the key point to remember is its own admission that it needs to do a bailout placing within the next ten months ( and probably much sooner) or it will go bust. In that vein, its latest RNS Reach is a spoof and one that unravels in seconds if you do a google search.
884 days ago
The last quarterly report from MGC Pharmaceuticals (MXC) showed that, as of 31 March, it had cash of just A$ 4.004 million – having spunked just over A$ 3.9 million in that quarter. You can do the maths…
896 days ago
Later today, I will cover Argo Blockchain’s (ARB) monthly update; it was truly piss-poor, and anyone holding the shares is tonto. But let us start with another red flag: today, the company boasts of doing a deal with the mining rig supplier, ePIC.
914 days ago
First, there was Atlas’ pledge not to dump any more shares – which it immediately did. Then came the idea it had cleared its death spiral debt, with the buried-deep-in-the-release admission that it had taken out another. Spoof two! Today, Vast Resources (VAST) becomes a hat-trick hero in the AIM sewer hall of infamy.
967 days ago
Only kidding Elric, the bit about Optibiotix (OPTI) is at the end. Before that I discuss bear market funding economics (it is more interesting than it sounds) c/o Luke Johnson, Russia & Ukraine, ADM Energy (ADME) and its pre bailout placing spoof, Vast Resources (VAST), Versarien (VRS) and then matters to keep Mr Lemming happy.
972 days ago
musicMagpie (MMAG) clearly needs a bailout placing to survive. There is only selling ( apart from spoof boardroom trades) so the shares should be heading lower. But one market maker is holding the price up. Others clearly would not touch this with a bargepole given what we have exposed here this week. So which market maker is holding the price up? Hint….
975 days ago
Heck: today’s news is an RNS Reach, that is to say financially insignificant. But when your entire shareholder base makes a garden worm look like the late Bamber Gascoigne in the intelligence department ,that matters little, Supply@ME Capital (SYME) shares are up by 6% on the news.
1028 days ago
This is so desperate it is almost pathetic. Instead of serving up its traditional January end of year lack of sales, mounting losses, lies about contracts exposed and perilous cash position statement, Verditek (VDTK) has a spoof RNS which is a joke. What investors need to know is the cash position and how the company is going to raise more money to keep the lights on. So to the spoof. It is almost worthy of Neill Ricketts. Apparently solar panels might be even better if they contained graphene.
1041 days ago
Pot play MGC Pharmaceuticals (MXC) joined the Standard List on 9 February 2021 and has already issued more RNS releases than most companies do in a lifetime. But that is not the only red flag relating to this dual listed ASX entity now being touted by certain chatroom trolls as the next big thing. MGC is drowning in red flags and its valuation is absurd.
1066 days ago
The fraud that is Chill Brands (CHLL) is running out of cash fast with sales at levels that are almost statistically insignificant. Rather than update us all on that tale of woe there is another spoof. This is all part of an attempted ramp to get a deeply discounted bailout placing away as soon as is possible. Todays spoof is laughable. I offer a translation service
1066 days ago
UK Oil & Gas (UKOG) needs to get a placing away by St Valentine’s Day or it is deep in the merde as I explained HERE. No institution will touch this crock run by Lyin’ Steve Sanderson so the next bailout placing, like all the others, is a bucket shop special which is why Pinocchio is ramping his arse off with spoof RNS after spoof RNS to try to get private investors buying the shares ahead of a placing at a big discount to the City spivs. Yesterday’s spoof RNS was a green one — today Lyin’ Steve spoofs with a share purchase.
1113 days ago
In today’s Bearcast, I ask how much would you be prepared to do to break LSE Rules to stop your company’s share price from crashing – ref Chill Brands (CHLL). I look at Versarien (VRS) and its latest spoof and the track record of it spunking your cash via Innovate UK grants. But the meat here is on HK360 Limited Brian Basham, Net Zero Infratructure (NZI), the FCA and what appears to be amassive failure of corporate governance, as outlined HERE
1153 days ago
Appointment of strategic advisers shouted the press release. What, thought I, a strategic review to understand why sales are SFA and the company still can’t get it annual accounts out? Er no. The headline should have read “sales failing, more money spent on brand promotion but not enough cash to make a real difference.”
1158 days ago
Quindell (QPP) was the first. Maybe there has been another, Anyhow I look in great detail at Eurasia Mining (EUA) but also at a spoof from cash strapped Verditek (VDTK), more on Union Jack Oil (UJO) and signs of trouble at mill for Colin Bird and Bezant Resources (BZT).
1170 days ago
I start by looking at a new normal and justifying a £50 million valuation. Then there is a look at the most almighty spoof from Marechale Capital (MAC) run by upper class twit Marke Warde-Norbury. How on earth did Nomad Cairn Financial sign off on this bollocks announcement regarding Weardale Lithium? Thirty seconds at Companies house shows what a farce this all is as I explain in full detail.
1188 days ago
Having already admitted that it it was going to run out of cash, the only questions are when will shamed Remote Monitored Solutions (RMS) do a placing and how massive a discount will the bucket shop spivs demand to get it away? To that end one can expect a stream of ramptastic RNS announcements using the Adam Reynolds keyboard and often contain lies. Here is the first one today and it seems to have got the morons creaming themselves with joy even though this is , in fact, Remote announcing the same thing for a second time. If you needed evidence of just how dim shareholders in this company are….
1238 days ago
They keep on coming, these spoof announcements which will make bugger all difference to Remote Monitored Systems’ (RMS) cashburn currently running at seven grand a day. I suspect this is to butter the morons up before admitting that the Francis McIntyre million face nappies a month deal has gone up in smoke. We were told on May 4 that it would be up and running again within two months. That would be by next weekend. Really? So today’s spoof?
1246 days ago
Does anyone believe a word in an RNS from a company where Trevor Brown is in charge? If you do then I have a bridge in London I am prepared to sell you and an email with an offer you cannot refuse from a General in Nigeria.
1355 days ago
Marchale Capital (MAC), the subscale loss-making merchant bank run by upper-class twit Mark “not very nice but dim” Warde Norbury from his family stately home, was last month’s Akers ramp. But now its shares are collapsing as the great spoofer has fessed that he is bailing. I noted in bearcast yesterday that this would happen and that I had repeatedly told y’all.
1395 days ago
For those who do not understand the cultural idiom, younger listeners, the reference video is below. I inject a bit of class warfare to keep working class hero and Euro loon Jonathan Price happy. In today’s show I discuss Marechale (MAC) the latest Chris Akers spoof, Verditek (VDTK), Nightcap (NGHT) and Bluebird Merchant Ventures (BMV)
1494 days ago
In today’s podcast I look at Alien Metals (UFO), at Novacyt (NCYT) and at Audioboom (BOOM), at spoof boardroom buying and at why broker buy notes are a sell signal. I also chuck a few Covid stats your way as we head for another national lockdown.
1510 days ago
It is not quite in the league of that from Scancell (SCLP) but sub scale investment tidder Pires Investments (PIRI) is also clambering aboard the Covid bandwagon.
1539 days ago
The spoof continues. Shares in Supply@ME Capital (SYME) a company drowning in more red flags than one sees on a May Day parade in the land of the free, that is Russia comrades, now trade at 0.74p after today’s spoof release valuing this crock at £242 million. Now to explain why today’s news is a 100% spoof and the claims made by the company are pure fiction…
1583 days ago
I have more on last night’s breaking news HERE on Lenigas PLC and offer a challenge to Dave Lenigas. Is he man or mouse? Or just a chicken? C’mon Dave what have you to fear? Then I look at Eve Sleep (EVE) and wider issues on the stated cash position of PLCs, then at 2 gold miners both of whose shares are up today. One, Altus Strategies (ALS) still looks cheap, the other, Cobra (COBR), sends off the wrong signal with today’s news which I view as a spoof.
1670 days ago
Today we are told that Wellesley Group Investors Limited has made a proposal to acquire the assets of Urban Exposure (UEX). This is a spoof and the spike in Urban’s share price cannot be justified if you do any digging at all.
1694 days ago
Tertiary Minerals (TYM) seems to think that its investors are the dumbest folk going and with the shares up by 75% at 0.32p maybe it is right for today’s news of a £600,000 placing is just an almighty spoof. For starters this is not a £600,000 placing!
1774 days ago
I start with an update on ADVFN’s paedo guy, then it is onto the role of Nomads on the AIM Casino, what they are meant to do and the problems they face. I look at three Nomads and their clients: Lekoil (LEK), Versarien (VRS) and Anglo African Oil & Gas (AAOG) plus I discuss Tizania (TILS) and today’s monster spoof from almost insolvent Iconic Labs (ICON).
1795 days ago
I seem to have reacted badly to my flu jab and have thus only just got up. I am still not 100% but maybe will be so tomorrow. Pro tem I offer up thoughts on the clear market abuse at Dev Clever (DEV) and the 6.06 PM comedy gold at Bidstack (BIDS).
1799 days ago
After yesterday’s shock lack of profits warning from Bidstack (BIDS) the next question is when will a bailout placing be needed. To that end the company has announced today what appears to be an almighty spoof designed to ramp the stock ahead of the placing. Even the company’s PR Buchannan has just admitted to me that the release is not clear. This is your £10 million spoof of the day.
1858 days ago
On 17 April 2018 AIM wannabee miner Amur Minerals (AMC) announced to great fanfare a scheme whereby directors and other senior managers would collectively buy £5000 worth of shares a month for a year. At the time, wityh the shares at 4.5p to sell, I wondered if it was a spoof. But as each monthly announcement of director share buying came out some folks were encouraged. Today, with the shares at 1.65p to sell, I demonstrate that this whole scheme was a spoof.
1965 days ago
I start with a few words on The Guardian’s obituary of Uncle Chris. I look at the deliberate spoof and placing at Mirriad (MIRI) answer your questions on Kefi (KEFI) look at the NEX lobster pot with its new owners and finally return to Anglo African Oil & Gas (AAOG) where a statement about THIS is needed ASAP
2190 days ago
In today's bearcast I explian where I was yesterday afternoon with Joshua. Roaarrrr! Then I look at Condor Gold (CNR), Galantas (GAL), Amur (DOG), Flybe (FLYB), Asiamet (ARS), the spoofing by the loathsome & always wrong CBI and at Frontera Resources (FRR) and why it could be a zero within days.
2193 days ago
Number one is Amazon (again). Number two is Barclays Bank (BARC) again! And the third is explained HERE. Elswhere I explain what it means when I am made an insider and how I have to behave. I look at the bitcoin bloodbath and in that vein at Argo Blockchain (ARGO), Vela (VELA) and the Clem'Chambers spoof Online Blockchain (OBC). I cover Falanx (FLX), Photonstar Led (PSL) and AO World (AO).
2202 days ago
The full year results from Online Blockchain (OBC) do not look that terrible until you compare them with the interims at which point you start to ask just when will the money run out. This statement is terrible and, understandably, the shares – 200p at peak ramp earlier this year – have slumped another 3p to 22p-27p. Ouch.
2212 days ago
You will no doubt remember that as well as facing two legal cases either of which could strip it of all of its assets (having caved on a third) Frontera Resources (FRR) is completely out of cash, burning cash and drowning in debt and thus is trying to ramp its shares however it can to get a bailout rescue placing away. So welcome to the tale of two spoofs orchestrated by disgraced dirty tricks PR specialist Tim Thompson of morally bankrupt & intellectually challenged fucktards Yellow Jersey and egged on by the whore blogger Malcolm “fat bastard” Graham Wood.
2232 days ago
The gyrations in the share price of Frontera Resources (FRR) caused by its latest lie-packed City presentation have forced the company to put out a statement and it makes for truly grim reading. This company is worth 0p per share and in the current climate it may well get there before too long.
2239 days ago
This morning BlueJay Mining (JAY) announced that three directors had bought shares. That is a spoof. The amounts are not material and the aim is to try and arrest the share price slide. If anything such spoofing is itself another reason to sell. It gets worse…
2290 days ago
Recorded and transmitted from the Greek Hovel I appear to have upset someone because my ,language has become too ffing clean. Whatever. In this podcast I look at Andalas (ADL), Frontera (FRR) and Online Blockchain (OBC), Clem Chambers' block-spoof.
2365 days ago
In today's bearcast I look at Mysquar (FRAUD), UK Oil & Gas (UKOG) and its latest spoof, Dignity (DTY) where I have grave concerns, Magnolia Petroleum (MAGP) and its dead cat bounce, Pantheon Resources (PANR) where it's placing ahoy and at Mirada (MIRA) where I fear the worst. Sorry Matt Earl. Brokerman Dan says that if we raise our target £20,000 for Woodlarks with our 30 mile charity walk on July 28 he will do the last mile in his underpants. We will have cameras on hand and splash it all over the internet. Thanks to all who have donated but 95% of bearcast listeners have yet to do so although we are already 23% of the way there. So please donate a tenner each today HERE
2403 days ago
Darren uploaded yesterday's podcast by mistake becuase he is a fucking idiot. I am considering his future and mine tonight. Here now is today's podcast. To tip Quindell before Gotham City and I started to expose it was perhaps understandable. But to single it out as a stunning value investment afterwards? Who could have been so fecking dumb? As you can see HERE it was the same system also that thought Globo was a cracking investment when some of us very publicly said it was a fraud. Which system could be so bad? Step forward Ed Croft and Stockopedia and he says that Nigel Wray invests in "sucker stocks"?. I explain why Ed's system is bound to have some horrible failures and miss a stack of big winners. In this podcast I also look at Vitesse (VIS), Tern (TERN), Inspirit (INSP) which has a mega spoof today and Online Blockchain (OBC) where I am just a confused old dinosaur.
2409 days ago
After 16 years of missing targets and ongoing dilution, AIM listed Amur Minerals (AMC) is still nowhere near actually building its mine in Eastern Russia and still does not have a single institutional shareholder. The only folks who still believe in this stock are mug punter private investors and that means the only funding available is via bucket shops or death spirals. Right now it is the latter and hence the shares are in a steady retreat - right now just 4.5p to sell. At this rate, losing 1p a month, the shares will be trending towards zero by the summer so its time to panic and go into mega spoof.
2422 days ago
As old Jim Mellon is such a good friend I thought I'd have a butchers. Is it because of more problems at the Diabetic Boot Company or is it a cash crisis at SalvarX (SALV) or at Regent Pacific? What is it about this related party nest of snakes that is making investors shun shares in Jim's Port Erin (PEBI)? I discuss in detail. I also look at MySquar (MYSQ) as the fraud skids to a new low, Ecsc (ECSC), the cyber junk play, FastJet (FJET) - another bailout placing ahoy - and old Clem's spoof Online BlockChain (OBC) as it tanks again. And then its RIP Conviviality (CVR), formal notice of wipeout for those who punt on the back of a brokers note and for other investors. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH.
2435 days ago
On 6th December I said that a token share purchase by Jim Mellon of shares on Condor Gold (CNR) was a spoof as it was so small for Jim. Moreover Condor was running out of cash and would do a placing within months. Mellon's PR man chewed my ear off. Well hey ho today there was a placing. A pattern of such spoofs and a subsequent placing has continued. Will I get an apology? I also look at lessons from Flybe (FLYB) and the non bid, at Fevertree (FEVR) director share sales, at UK Oil & Gas (UKOG) which is also spoofing, 13 Energy (13E) - "you say it best when you say nothing at all " - R Keating. Then I look at uber dog Golden Saint Resources (GSR) which is leaving AIM and says it wants to go to the Standard List. Lucky Standard List. I also mention our share purchase of more Optibiotix (OPTI). If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH
2495 days ago
And so the blockchain spoofing continues. Step forward Stapleton Capital (STC), a standard list shell listed on 21 September to invest in telecoms. Its main man, the Holmes groupie Rodger Sergant has seen the light and the company is now to be known as BlockChain Worldwide (BLOC) The statement issued begs questions for the sleuth at 221B Baker Street.
2507 days ago
The Nomad is Roland "Fatty" Corniush, the most incompetent financial adviser in the known universe so, on that basis, Clem Chambers blockspoof Online Blockchain (OBC) must feel under no obligation to tell the truth as it places £1 million at 100p. This is the stuff of peak bull market insanity.
2542 days ago
My old friend Jim Mellon claims to be worth £800 million although I rather doubt that (by a long chalk). But he is certainly worth a bob or two and that brings us to news today that he has bought 50,000 shares in Condor Gold (CNR) at 39.5p. I say Spoooooooooooooooooooooooooooof - placing ahoy!
2560 days ago
Sadly illness is still rife in this house so for this Thursday it is no coffee for me with the fit young mums. At least I shall be in Greece in five days time and that must be restorative to my health. In this podcast I start by looking back on UK Oil & Gas (UKOG) and its death spiral. I explain exactly how it works. Then a few further thoughts on Falanx (FLX) and why I am not selling our shares at this price. Then I look at Alexander Mining (AXM), another mega spoof from Clem Chambers, this time at ADVFN (AFN), at "Nomates" disaster RM2 (RM2)Fishing Republic (FISH) - a good zero bet - and at Regal Petroleum (RPT) which seems to be in a spot of bother in Ukraine.
2582 days ago
Shares in On Line (ONL) are - as I record - up c350%. Is this peak blockchain insanity or is Clem Chambers simply the greatest spoofer in the history of mankind? What happens next is the big question. Then I look at murky share dealings in Mkango Resources (MKA) by market abuser and serial fantasist Chris Oil. Does he not care about TR1 rules at all? Then it is onto Lombard Risk Management (LRM) where I have 2 more questions about its overdraft but a very big question about how the silky words of Phil "InterX" Crawford on July 19 tally with the utterly shite H1 results. Does Nomad Finncap of Telit (TCM) infamy care? I suspect it does not. I look again at BCA Marketplace (BCA) - THE BIG SHORT - in light of recent macro data. It remains a stupendous short. I look at management greed and an impending placing to fund that at Arian Silver (AGQ) and then at the dire interims from System1 (SYS1) and profits alert from Attraqt (ATQT). It is the former which remains a stonking sell even after today's share price collapse. And I have a question or two for AIM dog Advanced Oncotherapy (AVO)
2583 days ago
Sadly it is half term so that weekly treat with Joshua is postponed for another seven days. Instead I look at Magnolia Petroleum (MAGP) as its shares hit new all time lows: boy that share consolidation worked well did it not? Then it is onto Challenger Acquisitions (CHAL) which is utterly fecked but why is boss Mark Gustafson not filling his boots with shares at 1p when he bought so ostentaiously at 20p+? Then it is onto Cloudbuy (CBUY) which needs to fess up on its cash position, or rather lack of it. En passant I cover the spoof at On Line (ONL) and also revisit my earlier piece on AIM going underground.
2583 days ago
I would not want to play poker against ADVFN (AFN) and On Line (ONL) boss Clem Chambers. The man has pulled off a blinder of a spoof this morning with On Line which has sent its shares soaring by 50%. It is all bollocks but I take my hat off to Clem anyway for pulling off such a classic spoof.
2606 days ago
I start with a discussion prompted by a reader request on whether a brand has a hidden added value which you should account for when making an investment. Another reader asks if it is time to buy back into Eden Research (EDEN). I think he is being spoofed and explain why. Then I look at the latest (non) news from Telit (TCM) and ask if the mortgage fraudster and fugitive from US Justice has dumped his shares. I look at what is happening at Conroy Gold & Natural Resources (CGNR) , at the latest Mosman spoof, comment again on Nighthawk (HAWK) and then at the next Neil Woodford car crash RM2 (RM2).
2684 days ago
For the second time in a week we have seen share options exercised at AIM listed Norfolk MySQUAR (MYSQ) - this time it is 1.875 million warrants exercised at 5.5p which will add £103,125 to the coffers. that is kind of handy for this cash guzzler which is close to running on fumes. But this is a spoof.
2815 days ago
If you object to bad language do not listen. The madness and corruption of AIM, the willingness of the crony capitalists to deceive investors to get away another placing just got to me. In today's podcast I cover Blur (BLUR) - but would commend young Steve's coverage which is superb HERE, FastForward (FFWD) - the Jim Mellon spoof - Advanced Oncotherapy (DOG), Independent Resources (IRG), Amur Minerals (AMC), Sunrise Resources (SRES) and Zenith Energy (ZEN).
2816 days ago
On 24 August 2015, Eden Research (EDEN) announced its now infamous deal (aka massive panama pump fraud) with TerpeneTech. That fraud is now unravelling big time as explained here. But let us revert to the RNS of 2015 which stated :
2887 days ago
Like all humans I have an irrattional interest in tound numbers. 100, 1000 or in this case 14 million and 16 million.
3054 days ago
If one takes a disclosable stake in a listed company you must notify the company within five working days and it must by the close of the next working day, notify the market. So we should be seeing a TR1 from Highlands Natural Resources (HNR) today then. If we do not then investors have been spoofed.
3070 days ago
No lightning strikes today, thank God. What was he punishing me for? I start by discussing Richard Poulden's excellent letter on why folks are so angry so backed Brexit, but it is a wider issue as you can read here. Then I discuss liquidity in an investment company's portfolio, ref Teathers Financial (TEA) and finally I challenge the banks to make good their Brexit threat to fire investment banksters. I will pay for a ticket to watch but I explain why it was always a spoof. It won't happen.
3111 days ago
I explained on the previous occasion that Mark Gustafson, the CEO of Challenger Acquisitions (CHAL) announced that he had bought lots of shares that he was spoofing. Now he is at it again but it even the dumbest moron must now realise the spoof is not working.
3117 days ago
Another day and its another announcement from Challenger Acquisitions (CHAL) that its boss is again buying shares. Don't be fooled this is a spoof. Its a sell signal not a sign to buy.
3118 days ago
In reflective mood on election day I cover just a few companies. Falanx (FLX) where we backed the placing and the shares have tanked! LGO Energy (LGO) where the morons were spoofed and death is postponed, Centrica where shareholders are paying for CEO crack, that is debt addiction and Feedback (FDBK) which seems like a rum and coke to me. I also cover, en passant, Conroy after getting a pleasant ambush, but an ambush none the less, post dentists, from Ireland.
3191 days ago
We warned you two days ago that Independent Resources (IRG) was trying to spoof investors with a bogus announcement in order to get a discounted placing away...it has not taken long, the placing today is a shocker. the FCA and AIM Regulation must investigate.
As a reminder, Independent tried to persuade us that a supplier had accepted payment in shares at 0.6p. The shares were in fact trading at par at 0.1p. The shares raced ahead to 0.3p plus on this spoof (we explain why it is a spoof here). And today the company has raised a pitiful £93,000 at 0.12p which will keep the PLC lights on for just another few weeks.
3193 days ago
Independent Resoures (IRG) is almost bust and will do a placing to keep the lights on very soon. But its shares are up by 185% today at 0.3p thanks to an RNS which is a spoof aimed at fooling mug punters. It has worked, never underestimate the stupidity of AIM investors.
