69 days ago
Technology Minerals (TM1) is still struggling to get its own refinancing done involving comrade Johnny “kiss of death” Swann over the line. Now more bad news – its 49% owned subsidiary Recyclus attempted a crowdfund at Crowdcube but it has now closed and has flopped disastrously. When do you think that Technology is going to ‘fess up in an RNS.
95 days ago
Well quelle bloody surprsie. Only a complete cretin would think that with almost ten million quid of debt and burning cash, Recylcus is worth 30 million quid. And so it is no surprsie that, as you can see below, its crowdfunding exercise on crowdcube is a total disaster. Given that its parent company, Technology Minerals (TM1) is also running on vapours things look grim indeed. Folks cannot say that they were not repeatedly warned but as ever some - such as Comrade Swann -knew better than old TW.
105 days ago
I showed yesterday that Crowdcube was breaking its own FCA ordained rules in raising money for technically insolvent Recyclus, the 48% owned subsidiary of technically insolvent Technology Minerals (TM1). It gets worse, the prospectus has got all its numbers wrong. Is this not fraud raising cash on a false prospectus?
106 days ago
Earlier today I exposed how the ludicrous valuation of a crowdfunding for Recyclus, a subsidiary of Technology Minerals (TM1) was not only off the scale bonkers in terms of pricing but also broke the explicit regulatory rules of crowdfunder Crowdcube which is regulated by the FCA. I flagged this up with Crowdcube but it has failed to respond. So I have written to the FCA
106 days ago
Crowdfunder Crowdcube is regulated by the FCA and I shall be reporting it to the regulators today for breaking its own regulatory rules and for misleading investors. With a hat tip to reader BT for spotting thus, it is another joke from insolvent shitco Technology Minerals (TM1)
111 days ago
Silence is not an option. Or it should not be. I discuss Eco Buildings (ECOB), Kefi Gold & Copper (KEFI) and Technology Minerals (TMI), the Chris Cleverly sired baby of comrade Swann. I look at a proposed crowdfunding of its Recyclus operation. Why no RNS? How can the FCA allow such nonsense? What DD has Crowdcube done? Meanwhile Darren and I are working like demons on tomorrow’s bombshell exposes. Set your alarms for 8.10 AM. No public sector style lie-ins even if you do work in the public sector.
112 days ago
Silence is not an option. Or it should not be. I discuss Eco Buildings (ECOB), Kefi Gold & Copper (KEFI) and Technology Minerals (TMI), the Chris Cleverly sired baby of comrade Swann. I look at a proposed crowdfunding of its Recyclus operation. Why no RNS? How can the FCA allow such nonsense? What DD has Crowdcube done? Meanwhile Darren and I are working like demons on tomorrow's bombshell exposes. Set your alarms for 8.10 AM. No public sector style lie-ins even if you do work in the public sector.
3170 days ago
Yesterday I flagged up the crazy valuation of Doorsteps.co.uk and how, egged on by some misleading marketing, it had managed to raise large sums on crowd funding website Crowdcube. Thus it now has cash - which it will burn fast on its flawed business model - but which will put even more pressure on prices and volumes at Purplebricks. Sadly it is not an isolated case. Meet I Am The Agent Limited.
3172 days ago
Yesterday I discussed Doorsteps.co.uk which claims that it will flog your house for £99. I now look more closely at its history and the utterly shameless way that Crowdcube raised £400,000 for it; at the fact free and unquestioning BJ's its 19 year old founder has received from Fleet Street and speculate about how bad its metrics really are. That it has raised cash so easily is bad news for Purplebricks as it is now funded to nibble at its market share and so will be others until they all go bust. But it will be too late for Purplebricks by then. I then have hot gossip on Telit (TCM) which shows up the FT's dictation from PR men taking hacks for the fools they are and reinforces the shorting case big time. I cover UK Oil & Gas (UKOG) and Conroy Gold & Natural Resources (CGNR), both need to place ASAP and in both cases it will be ugly. I also remind you again what UKOG is NOT saying.
