joke company

1787 days ago

Another after hours utter Neil Woodford SHOCKER – Worthless Proton calls him for £25m, so who will pay?

I have flagged up repeatedly that one almighty headache for Neil Woodford is that NEX lobster pot listed joke company Proton Partners International (PPI) has a legally binding right to demand up to £70 million in equity investment from Nei Woodford’s funds. Given that its shares have traded once in the 3 and a half months since its scandalous IPO this is a real nightmare.  At 5PM today we learned Proton has called Woodford for £25 million…questions, questions…

2591 days ago

Eden Research: when will the auditors get some backbone and challenge the carrying value of the intangible assets and the accounting for TerpeneTech?

The principal “assets” of Eden (EDEN) are its intangible assets of £5,290,000 and its investment in joke company TerpeneTech of £923,000 which together represent almost 60% of net assets at 30 September 2016.

2705 days ago

Calling all Mosman shareholders - new ShareProphets Campaign, let's sack Andy Carroll

Finally the joke AIM company that is Mosman Oil & Gas (MSMN) has got around to posting notice of its forthcoming General Meeting at where there is just one motion - the re-election of Technical Director and the face of Mosman, Andy Carroll, to the board. This is our chance - we urge you all to vote Carroll of the board.

3026 days ago

Worthington Group - tell us about the Prosecuting Solicitor please?

Oh dear, looks like a few more troubles at 't mill for joke company Worthington Group (WRN). Last week I asked why Worthington had not been dissolved for failing to file its accounts for the year to September 30th 2014. It seems as if the wheels are turning at Companies House in Cardiff...

3083 days ago

blur Quarterly Metrics Update – aka total bollocks from a cash burning Joke Company

And boy did the grossly overpaid poltroon Phil Letts serve up a stack of metrics in this trading update. KPIs, metrics, MBA tosser jargon, it was all in there. But buried at the bottom was the cash position. Ouch. When’s the next placing Phil?

3550 days ago

Naibu – Daniel Stewart pumps out buy note but will not answer critical question – target price cut to 0.0000001p

Following the comical trading statement from AIM listed POS China joke company Naibu (NBU) earlier this week – see HERE - Broker and Nomad to this Norfolk, Daniel Stewart, has published a buy note but refuses to answer my utterly critical question. The shares have slumped to 43.5p putting them on a PE of 0.95 and a yield of 13.8% if you believe the forecasts. I do not and am thus slashing my target price from 1p to 0.0000001p and will reduce it further if Daniel Stewart cannot answer this question:

4017 days ago

Vialogy "News" yadda yadda Yadda

I want to requisition an EGM for AIM listed management lifestyle, oops I meant oilfield services company Vialogy (VIY) to change its name to Yadda, yadda, yadda PLC to reflect more accurately what this is all about. Today we have more blockbusting non news from this firm, another “big name tie up” but naturally no financial information. Talking of which why was there no year end trading statement?

The news is that Vialogy has signed a co-operation agreement with another big name, with CGC a big French geoscience company which “provides ViaLogy with global sales and services locations, access to CGG customers, assistance in scaling ViaLogy's QuantumRD technology to large geographical areas, and specialized high tech data processing to prepare seismic datasets for QuantumRD.  Support in the form of CGG personnel, facilities, past project experience, and assistance with tender submissions are also part of the arrangement. In exchange, CGG will receive reimbursement for services, and will be able to monitor and exploit the QuantumRD technology for its own business and technical purposes, and collaborate on an exclusive basis with ViaLogy technologists.”

Yadda yadda yadda. Another big name tie up but how much cash will this actually generate? Er….

4017 days ago

Astar Minerals - another total joke on AIM generating fees for advisors but nothing of value



I tipped Pan Pacific Aggregates once. It was a rotten tip. I thought the company had gone bust but like a vampire in a horror flick this corpse keeps coming back, sucking the life out of investor’s wallets. Its latest incarnation is exactly the sort of shocker one associates with the cesspit at the bottom of AIM.

Pan’s quarrying operations have proved worthless and are to be sold for a nominal sum (my guess $1). And the company, now called Astar Minerals (ASTA) has raised £336,000 at 0.15p. Of that money £20,000 goes to the broker (Peterhouse, a company I know well as it is 49% owned by my former employer), £75,000 goes to pay off defined liabilities associated with those duff quarrying operation and another £45,000 goes to settle other liabilities. What other liabilities? How much of that £45,000 is going on fees to City advisors? Please do tell.

That leaves £200,000 in the kitty.

 

4044 days ago

Sefton Statement is Laughable – the missing facts

AIM listed joke company of the year 2001-2013, Sefton Resources (LSE:SER) has this morning released an independent valuation of its Kansas reserves which can only be described as laughable. It is back to its old pal Dr Onat for this corker. It defies belief that anyone should fall for this baloney but here goes.