Electric Guitar

136 days ago

While My Electric Guitar gently weeps – Tell me a Story of a kiss of death

I flagged up the other day that plans for serial disappointer Electric Guitar (ELEG) to do an RTO with a very dodgy looking outfit would end in tears. As if that was not bad enough, now there is a stench from a new Story.

140 days ago

While my electric guitar gently takes the piss: joke RTO announced

Having almost entirely wiped out shareholders with its first RTO as a SPAC, Electric Guitar (ELEG) and its advisors, Allenby of NightCap and Chill Brands infamy, are at it again, announcing that it has provisionally agreed another RTO. They really are taking the piss.

269 days ago

Electric Guitar - it’s either death or massive dilution for existing shareholders ( and then probable death), this is not what capitalism is about

Today Electric Guitar (ELEG) has issued two RNS announcements, one covers the interim results and the other announces a Company Voluntary Arrangement and Fundraise to try and save the company and make it a cash shell.

281 days ago

Tom Winnifrith Bearcast No 1: Denial, everyone is in denial

Those in denial include Innovate UK re Versarien (VRS), the advisors and management of Electric Guitar (ELEG), AIM and the LSE and I reference CMO (CMO) here, the BBC and the Government re jobs and Neets. Warning there is a bit of bad language in this podcast.

369 days ago

Another AIM disaster: Electric Guitar, the Fat Lady has now started singing

After yesterday’s suspension announcement today’s RNS from Electric Guitar (ELEG) provided further bad news:

370 days ago

While my Electric Guitar gently weeps: suspension shocker, Fat Lady on Standby, PKF disgraced!

In my article of 15 October 2024 “While my Electric Guitar Gently weeps, only for utter suckers My Sweet Lord”, I concluded that “Electric (ELEG) is a stock to be avoided like the plague.” I was right in my stance because yesterday at 3.26 PM Electric put out the following announcement:

381 days ago

Electric Guitar – another bum note

Electric Guitar (ELEG) shares are down 31% today at time of writing valuing the company at £590,000. Back on 3 May 2024 when Electric completed its acquisition of 3radical it was admitted to AIM at 2.1 pence. The shares are now down to a bid price of 0.20 pence a more than 90% drop.