898 days ago
I follow up on yesterday’s bearcast on Wandisco (WAND) and the deal done by CEO Dave Richards with the hoods at Equities First Holdings (EFH). Dave called me up. I explain why he is naive not dishonest but why he needs to grill his advisers. Was there a brown envelope? Who penned the RNS which now looks even more dishonest with what I tell you today? Dave should shoot and/or his advisers as they have landed him in the reputational soup. I then look at today’s latest disgusting revelations on the Charlie Wood Hydrogen and Helium SPAC spoof IPOs, at the utter naivety of Aquis and I have advise for certain City folk on what they should do as the regulator has failed. Liam, Fungai and he who shall not be named you know what to do. I look at Bowleven (BLVN) and also at Caracal Gold (GCAT) asking who is selling?
2589 days ago
It seems as if my father has drunk all the ouzo. Who can blame him? But how will I celebrate if the fraud Cloudtag (CTAG) is booted off AIM today? Join in the fun with our Cloudtag termination clock HERE. Elsewhere I look at Bowleven (BLVN), gosh I loathe its management team, Advanced Oncotherapy (AVO), also run by tossers, and Strategic Equity Capital (SEC).
2590 days ago
I have just noted that my old pal "thirsty" David Bick is doing the PR for hedge fund Crown Ocean in its battle to oust the shamed, discredited and unwanted board and management at Bowleven (BLVN). If you are in a scrap with utter scumbags having Bick on your side is no bad thing as he is the king of this form of trench warfare, gutter warfare. Team Crown issued a statement on Friday which is damning. You will remember that the management of Bowleven is still in place despite shareholders voting most of the bastards off the board and now they are trying to flog the company. Crown - quite correctly - smells a monstrous rat. It states:
2591 days ago
Clearly this is the story of the day. I reflect on this from various angles. I then move onto Franchise Brands (FRAN) shares in which surged 16% forcing a suspension. No insider dealing here guv, walk on, walk on. Then it is onto Bowleven (BLVN), Yolo (YOLO), Starcom (STAR) which I may have called Starvest but I meant Starcom, Van Elle (VANL), Nyota (NYO) and finally the uber dog Advanced Oncotherapy (AVO) which is in freefall. Hah! Death spiral shylocks Bracknor your spoof is not working is it! On the subject of terror I mention that evil bastard Martin McGuinness.You should not speak ill of the dead but for this unapologetic murderer and for those in the media who praise him as a good man I make an exception HERE. Mr McGuinness was a wicked man who sought no salvation in apology and repentance and, if there is a hell, his soul is right now burning at the heart of it.
2597 days ago
In today's podcast I look at Peak Club - the mad debt binge at Soho House and what it tells us about asset bubbles and more. Then I cover Theresa May's misguided proposals on executive pay before finally covering the latest boardroom antics at Bowleven (BLVN) , putting it up for sale.
2598 days ago
This is not the fault of Crown Ocean but of the bastards who have been grossly overpaid for destroying value at Bowleven (BLVN) - the team let by piggy in chief Kevin Hart. As I reported yesterday, disgraced CEO Hart may have been booted off the board by shareholders but he remains as CEO and is still running the company on full ( unjustifiable) pay. This is because Crown has 2 directors but the old regime still has two men on the board and the casting vote with chairman Mr Allan. Thus there is no change of personnel at Bowleven or of strategy. This really is a disgraceful way for directors to treat the folks who own the company - shareholders.
2598 days ago
You and I had thought that Kevin Hart the grossly overpaid and underperforming CEO of Bowleven (BLVN) had cleaned his desk and gone after Tuesday's GM vote to sack the useless pig. Think again. He is still CEO and still on full pay and still running the company. This is like debating the Brexit referendum with that silly cow Gina Miller. A company is owned by its shareholders. The shareholders have voted to get rid, like we voted to quit the EU...but the bastard hangs on and Gina tries to subvert democracy.
2598 days ago
The staff of Corporate Governance tossers PIRC are a parasite sucking the lifeblood from the capitalist system and so it is delightful to see them doubly humiliated today. First up they backed the despised board at Bowleven (BLVN) who were ousted by shareholders. Now they appear to have done the impossible: make loathsome lardball Mike Ashley look like a hard done by victim by publishing some very fake news...
2598 days ago
The GM of Bowleven (BLVN) took place at 11 AM yesterday. It could not have taken long to count the votes yet the board sat on the result until this morning. Treating shareholders with contempt, for the second time in 48 hours and the zillionth time since taking office,Kevin Hart et al served up a sour and graceless statement as they acknowledged defeat. But it was not a complete victory for the rebels.
2603 days ago
It is not just Hart, the CEO for a few hours more at Bowleven (BLVN), but also the overpaid, inbred, upper class fuckwits at PR spinners Brunswick who view ordinary investors with unmitigated contempt. Someone leaked it to the Times this morning that Hart was to resign as boss of Bowleven after years of being paid a fortune while destroying shareholder value. If that is correct he is jumping before he is pushed at the GM, called by Crown Ocean.
2609 days ago
We start with myself and Dr Freud trying to offer helpful advice to an attractive young lady. The the podcast meanders on to Thor Mining (THOR) and I digress to an old pal whose uncle was apparently a war criminal. Then I move on to Bowleven (BLVN), 88 Energy (88E), Rose Petroleum (ROSE), Electronic Data Processing (EDP), Worthington (WRN) and pension deficits.
2609 days ago
Kick-the-board-out requisition-pressured BowLeven (BLVN) CEO Kevin Hart is “delighted to be working together with Victoria Oil & Gas to unlock the potential of Bomono… gaining access to Victoria Oil & Gas’s extensive infrastructure and gas marketing experience”. Hmmm, the market doesn’t seem to share ‘delight’ in the deal from your side though Kevin – shares in BowLeven currently more than 7% lower, whilst those in Victoria Oil & Gas (VOG) more than 12% higher…
2615 days ago
In reality corporate governance bodies such as PIRC and ISS are, these days, part of the establishment so when it comes to crony capitalist companies on AIM they are part of the problem not the solution. This is demonstrated in spades today by events at Bowleven (BLVN)
2628 days ago
The great Northern bear Waseem Shakoor owns just over 1% of Bowleven (BLVN) and has been a long term critic of its useless board led by the grossly overpaid Kevin Hart. He has written an open letter to his fellow shareholders urging them to back Crown Ocean Capital and oust the board. I agree - as I usually do - with Waseem. Over to the great bear and professional Northerner:
2650 days ago
Yesterday morning Crown Ocean launched its requisition for an EGM at Bowleven (BLVN). I explained why the coup is a “no-brainer” here. Bowleven’s management is surely toast. Having taken tens of millions in remuneration over the years, and spent hundreds of millions on failed projects, this company has been a classic value trap. But could that all be about to change?
2651 days ago
Hedge fund Crown Ocean Capital P1 Ltd has called an EGM to oust six utterly useless and grossly overpaid board members (the dirty half dozen) at Bowleven (BLVN) and replace them with Christopher Ashworth and Eli Chahin. We can reveal that the coup is a nil brainer - management is toast. Here is why...
2665 days ago
He is at it again, flip flop Ben Turney has another company in his sights and this time it is rather larger than before. It is Bowleven (BLVN). And in his attenpts to push for management change, we can reveal that Turney has the support of bear raider Waseem Shakoor who is not part of Turney's group but has a material stake.
