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Frontera – workover news but the only thing it really wants to pump is the share price as the cash crisis deepens

Tom Winnifrith Tuesday 27 November 2018

 

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Frontera Resources (FRR) is, as you know, completely out of cash, drowning in debt and facing two pieces of litigation either of which could see it lose all its assets, D-day in one case could be within a week. In such a bleak position there is only one thing to do: Issue a spurious release and then get the whore blogger Malcolm Graham Wood to pump the shares to try to get a bucket shop discounted placing away. But surely shareholders in this company are not that stupid? Er....

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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Tom Winnifrith Bearcast: Why Bidstack now needs a formal (lack of) profits warning and could it run out of cash in Q1 2020

Of course I only record this because I am in the pay of the Israeli and Russian Governments. Whatever. I start with the pathetic deadwood press and how Richard Jennings blows them off to his shame and my disgust. But this podcast is really all about Bidstack (BIDS). Its CEO lied to investors on August 8 as explain with more detail this time. Ther case is open and shut. Now the company needs to issue a formal lack of profits warning. Again that is not a matter poof debate as I explain, in case wretched Nomad Mark Brady of Spark is listening and wants to avoid getting into even more trouble after his August 8 failure. Finally I ask how soon it will need to place again?

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