69 days ago
In this podcast I discuss the damascene conversion of the Mrs on a couple of issues and I say “thank you” to those donating to Woodlarks on the Christmas grotto appeal. We are now almost 75% of the way to target so if you can spare a fiver ( or more) please do so today HERE. I look at Verditek (VDTK), Tern (TERN), Red Rock Resources (RRR), mention Skinbiotherapeutics (SBTX), Cellular Goods (CBX) and have a look at Parkmead (PMG) where i am not convinced that Peter Brailey is right to be just so bearish.
69 days ago
Yesterday saw Canadian Overseas Petroleum (COPL) issue, via RNS, abridged results for the 3 months to 30 September 2023 and naturally the abridged RNS missed out juicy bits such as a warning that it would, ceteris paribus, go bust within a year. The full SEDAR filing has the missing bits and is a hoot.
227 days ago
Yesterday’s Q2 RNS from Canadian Overseas Petroleum (COPL) , as usual, was abridged and missed out all sorts of nasties. The key one from the SEDAR filing is, as I predicted HERE, an explicit warning that Canadian needs to raise even more money to avoid going bust as it is still consuming cash and will carry on doing so. Given that it is drowning in debt that will be hard. The warning, in its SEDAR filing, states:
621 days ago
Throughout the year Big Sofa (BST) has been telling us that everything was going well with new hires and client wins. Well that was a fecking lie as the circular issued the other day but not received by this shareholder shows. Do I want to put up more cash or be 90% diluted? You know what? I will take the hit and I now write this off mentally as a zero. I apologise to all who have lost money on this one. If its any consolation my personal hit is in excess of £40,000. I now value this as a zero and indeed rather look forward to Big Sofa spunking this placing and going bust.
1639 days ago
As at June 30 2019 Petra (PDL) had net debt of of $541 million. The shares, 45p a year ago are now 8.735p valuing the company at just £75.6 million. The question is: will Petra go bust?
2589 days ago
It is just eight days to the GM of Advanced Oncotherapy (AVO) where shareholders are being asked to approve the issue of gazillions of new shares for the Bracknor death spiral. Since the alternative is going bust within weeks if not days then the result is a gimme although I intend attending - as the owner of 1 share - to ask some searching questions. But the collapse in the share price - the stock is now 31.5p mid, 30p bid tells you there are even bigger issues and that Advanced is, quite possibly toast whatever.
2664 days ago
When buying or selling shares ( or houses) folks all too often ignore the issue of liquidity. This matters greatly both for investors and also for companies. I look at this in detail using two examples, both companies that are, IMHO, weeks away from going bust.
2685 days ago
Naturally a headline about Rivington going bust grabbed my eye. Rivington was the firm I founded but which went bust two years after I left after all its businesses were asset stripped by others. But natch go ahead and blame me. But this is a different Rivington although no doubt Aiden Earley and the Bulletin Board Morons will also try to pin the demise of Rivington Biscuits on me too.
2710 days ago
Shares in Strat Aero (AER) have jumped today in relief that the company is not going bust before Christmas. Instead it looks set to go bust around St Valentine's day. Today's statement from a company which has committed securities fraud is just ghastly.
2763 days ago
There are two parts to this bearcast. First I look at Government Debt and GDP over the past 8 years in the UK , France, the US and Greece and where all four are heading - it will startle those like Jeremy Corbyn, Chancellor Hammond and Malcolm Stacey who still believe in the money tree. Then I look at the great sell indicator that is a broker buy note and explain why.
2824 days ago
Avanti Communications (AVN) may try to con us into thinking that it is a bid target but the reality is that its best hope is that bondholders take a haircut in any takeover. that means shareholders face a wipeout. It is more likely that no-one bids and this is a zero. So when do you think Avanti is going bust. Vote now and before a midnight deadline in a reader poll. The shares are 22.5p today and falling. So vote early, vote often, vote below:
2832 days ago
According to reports elsewhere in the deadwood press, the appalling left wing Guardian Newspaper is set to report a full year loss of £173 million. That is the good news. The bad news is that the Guardian it is years away from going bust.
2891 days ago
As I pointed out yesterday, LightwaveRF is in a financial mess and forced to rely on loans of last resort. Actually it is worse than that. Interims out today strongly suggest that it is going to go bust.
2973 days ago
Last week it was Doriemus ( booted off AIM onto the ISDX lobster pot) that was the Lenigas car crash. This week it is Fastjet ( dire profits alert, going bust). Which Lenigas associated company will crash & burn next week I wonder? But while shareholders in companies linked to Jabba The Hutt suffer, the man himself is hard at work in Cuba as the photo below shows. By midnight tonight please submit your captions in the comments section below.
