2722 days ago
I have a few more words on the Triumph of The Donald and the demise of Crooked Hillary. Ha! But my main thoughts on that are HERE. Then I look at Avanti Communications (AVN), Andalas (ADL), Green Dragon (GDG) and Greka Drilling (GDL) before having a detailed look at Mosman (MSMN) shares in which are up by 260% today which is bonkers.
3638 days ago
Yesterday I flagged up how AIM Cesspit listed Green Dragon Gas (GDG) was happily issuing a grotesquely misleading RNS – see HERE. Today it is Greka Drilling (GDL), the spin-off company, which is spinning bad news as good and so legging over private investors. You think this is wrong? No this is AIM and it happens every day.
By way of background Greka Drilling’s last interims (for the six months to June 30th) showed that the company had NEGATIVE net current assets and was bleeding cash. Oddly trade receivables fell by a lot less than sales (draw your own conclusions) and it is pretty clear that the second half was just as grisly.
Last year the company announced its prelims on March 7. This year we are almost half way through May and still no results. The old market adage is that “companies do not delay results for good reasons.”
Greka quite obviously needs a refinancing.
