2674 days ago
That African Potash (AFPO) is clearly trading whilst insolvent is beyond doubt. It admits that it needs to raise $600,000 to pay its bills as they fall due but trading volumes on ISDX are often just a few hundred quid a day. It's game over. So where has all the money gone? There is a reason that the board did not want anyone seeing the annual report which finally surfaced today.
2775 days ago
Ceteris paribus Avanti Communications (AVN) will be trading whilst insolvent within weeks - its cash will not be sufficient to meet contracted capex and bills payable. That is why it is delaying publishing audited results for the year to June 30th 2016 - no auditor is going to sign off on anything from what is an insolvency waiting to happen. Avanti is trying to hide the awful truth but industry sources are revealing its desperate measures to stay afloat.
3051 days ago
PR genius Steffi I applaud you for making me a happy man with what must be the most ludicrous press release of the year from your client Golden Saint Resources (GSR). We know that this company is bankrupt and trading whilst insolvent but I am glad that Nomad Roland "fatty " Cornish has not done his job properly and suspended the shares from the AIM Casino as this is sheer comedy.
3125 days ago
I start with a discussion of World Mental Health day and then move onto David Lenigas and Afriag (AFRI). Then to the matter of trading whilst insolvent and discuss the cases of Quindell (QPP) ten months ago, TXO today and in great detail Golden Saint Resources (GSR). On that matter I raises questions for its Nomad Roland "fatty" Cornish and ask who is the compliance officer at the crowd funder assisting Golden as the chap is clearly the most certifiable imbecile in the Western World. Anyone know? Then it is onto CEB Resources (CEB) and Surgical Innovations (SUN) where there are two reasons to sell first thing on Monday: fundamentals and Zak Mir tipping it today HERE
