bullshit

356 days ago

Another spoof from Wishbone Gold, when is the next bailout placing?

I still own some of these shares as a reminder to myself of how bloody stupid I can be. Every time I look at the share price it is an act of self-flagellation, a self-administered punishment beating at the hands of Wishbone Gold (WSBN). Whack, whack, that is for being so bloody moronic! Today we have another statement which is so much bullshit. It uses a template much favoured by the best friend of Wishbone boss Richard Poulden, Mr David Lenigas.

523 days ago

The FTX Bankruptcy file in full - so shocking it is almost comical

The file below is shocking, the big crypto blow up is just a fraud from top to bottom with young folks who espoused all that ESG bullshit that Malcolm and our political leaders love so much, either stealing the cash or blowing it through incompetence.  Enjoy. This will not be the last such scandal in this industry but it may be the biggest and most comical. Enjoy.

759 days ago

IQE – EBITDA bullshit again

The new CEO of IQE (IQE),the chipmaker that seduced both Malcolm Stacey and thirsty Paul Scott, starts his reign where the old one left off as dismal calendar 2021 results are posted today.  It is all bullshit.  Will this company ever generate cash?

1748 days ago

Tom Winnifrith Bonus Bearcast: More dissembling from the bullshit merchant David Sefton of AAOG

There is a new RNS out today which begs massive questions which the company refuses to answer. And there is still the matter of the placing at 5.2p and more questions about whether Anglo African Oil & Gas (AAOG) will get that away in light of what it claimed on Friday. This stock is now utterly toxic and uninvestable at 4p. Enjoy.

2182 days ago

Frontera Resources - another bullshit announcement, ramptastic City presentation tomorrow - any more confetti vicar?

Another day and another bullshit announcement from the company whose main business is issuing new shares while claiming to be an oil explorer, Frontera Resources (FRR). the timing is handy for Frontera is hosting a City presentation for mug punter Private Investors tomorrow. It all smells terribly as if more confetti is on the way. Let's start with the bullshit RNS.

2230 days ago

Trendsignal = Bullshit Spouters

For some reason I get emails from an outfit called Trendsignal. According to the pretigious ADVFN awards this outfit is the "Best Trading Education Provider" which, I guess means that it spends a lot advertising with ADVFN. Having just read its mailshot I concludee these chaps are A grade bullshitters and I would not use their products if you paid me.

2370 days ago

Tom Winnifrith Bearcast: Starcom is the bullshitter of the day and Altona the ramp du jour

I start with Starcom (STAR) whose statement as it announces a placing is pure unadulterated bullshit. Do the crony capitalists who put this shite out take us all for morons? Then it is onto Altitude (ALT) whose shares are up by 19% today valuing the company at £32 million. Maybe I am thick ( don't comment on that!) but I just cannot get my head around that valuation and explain why. Finally onto Altona Energy (ANR) and related ramp Uru Metals (URU). This is the latest POS to get the full ramp treatment and I explain why its share price is absurd.

2655 days ago

Strat Aero: Hulsey Smith dumps more shares despite last RNS and the excuse is 100% horseshit

Whatever you say about Strat Aero (AERO) as it hurtles towards insolvency in a few weeks time it is al least the source of true comedy with RNS statements which are such complete and utter bullshit that they should win awards. welcome to the latest chapter in the tale of Hulsey Smith, the yank who litigated against Strat, showed that it had committed fraud, and ended up owning 11% of its equity as part of a settlement. Owning 11% of a company you have proved committed fraud is not an ideal place to be.

2704 days ago

Tom Winnifrith Bearcast: the storm clouds cover the mountains where the Greek Hovel lies

Though I may have pneumonia thanks to Paul Scott, I am now safely in Kalamata looking up at the mountains where I live when in Greece and the storm clouds are ominous. So back to the stockmarket I look at Finnaust (FAM), Audioboom (BOOM), Avanti Communications (TOAST), Condor Gold (CNR), Advanced Oncotherapy (AVO), Webis (WEB) and Anglesey Mining (AYM) which is spouting bullshit today as it places.

2746 days ago

Lombard Risk Management - headline blather excellent, but hidden cashburn terrifying

Under its old management led by John Wisbey, Lombard Risk Management (LRM) used to make profits and pay dividends. How fucking old hat and boring is that? Think like a millennial and get the cashburning vibe, that is the way forward and who better to do that than a man fired by Oracle (yet who boasts about his Oracle career ) & who was at the helm of a spectacular dotcom disaster, Phil "Interx" Crawford. Interims today score straight 10s for bullshit headline blather. But look at the hidden cashburn, extrapolate and panic.

3221 days ago

Poor Phorm – what a bullshit trading statement/pre placing ramp – look at the pattern

AIM casino cash munching machine Phorm (PHRM) today served up an “operational update” which is a load of bullshit in itself but what that means is that a placing will happen within days. Just look at the pattern.