1 day ago
Medpal AI (MPAL) keeps publishing ramptastic statements but that is because it is a Drummond Brothers stock promotion. It has an ATM death spiral to feed with hype to fund its cash guzzle.
9 days ago
I was re-reading the interim results from Defence Holdings (ALRT) which came out on 22nd December ( red flag) last night. Yes. I am a sad chap And there is a matter that really screams out at you.
40 days ago
Defence Holdings (ALRT) promised back in September that the first “value realization” on its AI spoof project Ixian would be in December. We are still waiting both for Santa and for any meaningful news on the Ixian front. I only believe in one of the two promised Advent arrivals and he’s an old guy with a long beard.
61 days ago
With shed loads of warrants at 0.667p and just 0.1p outstanding and an absurd valuation for a company with no revenues, Defence Holdings (ALRT) is a slam dunk sell. You would have to be a complete moron not to forward sell shares and exercise warrants and the sharps who own the warrants are not morons. But there are two other questions:
71 days ago
When it comes to other people’s money is Andrew Webley, the grifter in charge of the Smarter Web Company (SWC) the worst investor on the listed scene? I merely offer up facts that his cheerleaders will not wish to take on board as they discuss his “bitcoin yield to date” and other completely made up metrics.
83 days ago
Atlas Metals Group (AMG) is lining up to be London’s biggest £1 billion scandal in a couple of years. And it just got worse. If the FCA allows this farce to continue any longer it really is signalling that it is worse than useless.
84 days ago
Hamak Strategy (HAMA) will see its shares crushed from January thanks to a #5m funding facility provided by US death spiral outfit Yorkville, broker AlbR (bucket shop Novum as was) and set up by disgraced Adam Wilson of the Ben’s Creek fraud infamy. I explained why this must smash its shares from January onwards making the stock utterly uninvestable for anyone other than financial masochists HERE. Now this Axis of evil has another victim, Nativo Resources (NTVO), already a dog but now one whose shares will be obliterated. Here’s why.
86 days ago
As I have noted before, ATMs, aka death spirals might work when a stock is flying. But when it is tanking they act to stop the share price gains on the few up days and cannot be used on the many down days. Thus they crush the share price and that causes volumes to dry up and thus bring in ever reduced proceeds. Today’s ATM update from the Smarter Web Company (SWC) is horrific and leaves its shares at just 50p to sell.
89 days ago
Defence Holdings (ALRT) the defence and AI spoof has updated folks on the performance of its ATM death spiral. The share price since it kicked off on October 10 tells its own story.
100 days ago
The bitcoin price has bounced and so to have the shares in Smarter Web Company (SWC) the latter are now 67.5p, playing a fully diluted NAV of perhaps 50p. A fool and his money are easily parted. Meanwhile there is another dose of ATM death spiral.
101 days ago
With the shares in Smarter Web (SWC) fast approaching fully diluted NAV of around 46p (and which itself is falling post the recent Bitcoin price decline of near 20% and thanks to the bloated Plc overheads), a fellow market professional reckons my share price target of NAV, 46p, is far too generous. He opines:
345 days ago
But because I support free speech I did not though I regard his views as utterly unhinged and batshit crazy. Then I looked at Andrada Mining (ATM), Tiger Royalties & Investments (TIR) and IQE (IQE), in all three cases it’s about SMTM.
3262 days ago
Yesterday I revealed a series of 74 "interesting" transactions on the Teathers Financial (TEA) company credit card and some curious payments on the Teathers pre-payment card belonging to Nilesh Jagatia the company's former FD. There is now a very real suspicion that Teather's poor shareholders were paying for Jagatia's domestic shopping at his local Sainsbury's in South Woodford and that he was making withdrawals from the company's account for personal use. I have thus written to the new CEO flip flop Ben Turney who, of course arrived in the coup that saw Jagatia fired. The letter is below.
3858 days ago
As I wander up to the most excellent Anthrapology café one last time for a leave Athens on a boat tonight to continue my odyssey, I stroll past three of four banks and they are open. Well sort of.
Pensioners are allowed in but to withdraw only 100 Euro. You can make a deposit if you wish but no-one is that daft. For those not yet in retirement it is the ATMs again and if anything the queues are longer than they were on Saturday and Sunday.
And why not? At the very worst you take out 60 Euro, stuff it under the mattress and in a few weeks convert it into nice new Drachmas and make a quick turn. At best you avoid losing 60 Euro when the bank goes bust or if the State confiscates your wealth via a bank bail-in. And so the ATM lines grow longer and will stay that way all day until the machines, or Greece, just runs out of cash, whichever is sooner
3859 days ago
And so we are off with the great Greek Referendum and it looks like it will go to the wire. I have been to my local polling station and arriving just as the Church next door finished its service there was a mini surge. But it is not at the schools across Greece where the real lines are forming.
3860 days ago
It is Saturday morning and if anything the ATM queues are longer than they were yesterday. Between the apartment where I am staying and the café where I am writing from there are four ATMs. I reckon that the line outside each is now 25 long as folks look to take another 60 Euro out of their account before it is too late.
Lining up in the Athens heat is not fun so why not make it a family day out?
3861 days ago
Some folk say that it is better to travel than to arrive. I guess they have never travelled on a 5.45 AM Easyjet flight from Gatwick. But my first sight in Greece was a pure delight. I was wandering from the plane into the terminal behind this stunning Greek goddess wearing a light but long skirt. Suddenly a gust of wind caught her skirt blowing it right up above her waist. Little was left to the imagination. Okay that is not true - I imagined away. Sadly I have no photo of this daughter of Athena. But now in the centre of Athens I bring you the first poverty porn.
I am in the business district just behind Syntagma square cadging some office space off a very good friend. This is a rich area. But check out the ATMs. You can withdraw just 60 Euro a day – in theory at least as the cashpoints regularly run out of er…cash. And so religiously, those foolish enough to leave anything in their accounts head to an ATM once a day to take out 60 Euro. So the lines for withdrawals are constant and heavy outside every ATM as you can see below.
