GEM

168 days ago

Pennpetro may survive: this issue is whether ex directors including David Lenigas go to jail or get a stockmarket ban

I was a bear of Pennpetro (PPP) from the day that it came onto my radar when Big Dave Lenigas joined as chairman of what was an insolvent crock of shit. The shares are suspended amid clear evidence of fraud and a financial crisis. Now it looks as if Pennpetro will survive although shareholders are going to get diluted to buggery and will lose their shirts. The big question is whether the FCA will investigate whether Lenigas and ex CEO Tom Evans profited from fraud and will they do anything.

196 days ago

Cardiogeni: £120m up in smoke in less than 4 months, First Sentinel disgraces itself (again)

I warned that this IPO on January 31 at 143p was a £125 million disaster in waiting. Advisors First Sentinel would act for Satan’s bastard love child with Julie Meyer and this was drowning in red flags from the getgo as I pointed out HERE. After a £650,000 placing at 17.3p a share yesterday the shares are now just 6p, valuing this crock at £5 million. £120 million nominal value up in smoke in less than four months, well done First Sentinel. You are scumbags.

880 days ago

Tom Winnifrith Bearcast: Optibiotix is a BUY & Thames Water makes me sound like a Guardian reading commie

I start with the scandal and it is a scandal at Thames Water even if the greedy trougher of an ex CEO was a bird. Sure diversity blah, blah, blah. Then it is onto a reader request on Gemfields (GEM), Predator Oil & Gas (PRD), Seed Innovations (SEED) – its own worst enemy – and finally Optibiotix (OPTI) and Skinbiotherapeutics (SBTX). At least listen to what I have to say before abusing me!