cashburn

2190 days ago

Tom Winnifrith Bearcast: No 1 Catching up on the Telit and Andalas lies and scandals

After getting back home from Sweden in the late afternoon I jotted down my thoughts on Andalas (ADL) a company still insolvent after a placing on Monday and where the stench of the greed of its ex CEO Dave Whitby is omnipresent. Then it was onto results from Telit (TCM), the insider dealing of its CEO, possible disposals, 88 definitions of profit and the ongoing mega cashburn which is the grim reality.

3551 days ago

Northern Petroleum and its alarming (and poorly disguised) cash burn

At the year-end Northern Petroleum (NOP) reported its cash in Euros – 26.5 million. Yesterday it boasted of its cash balance in dollars $22 million. I guess someone might have fallen for that sleight of hand – it could have been transparent and used a number of 16.5 million Euro. But transparency and the AIM Cesspit? Enough said.