1145 days ago
Cohodes is one of the greatest short sellers alive having broken more than 70 frauds in his career. “Remember bears are the good guys, we expose crime!” What he says in this interview about the Reddit GameStop episode is fascinating. His thesis is that it merely exposed systemic risks in the system which are still there. This is a great watch.
1166 days ago
Notwithstanding the fact that while long only hedge funds have made out like bandits on GameStop in the US while the sheep like followers of the “burntheshorters” Reddit group are now sitting on losses of up to 90%, the UK OneMillionTradeMarch Reddit group is, I can reveal, set to launch its first attack on Monday.
1172 days ago
I start with ShareSoc backing an investor action group at bust mini bond outfit Wellseley. I warned folks explicity about this almost two years ago HERE and many times thereafter so have scant sympathy. I discuss the role of the floor shitters at the FCA in this debacle. That brings me to Supply@ME Capital (SYME) after today’s dynamite expose HERE. The email is genuine. I ask what next? Finally I discuss comments by populists seeking cheap love, such as shamed Neil Woodford promoter Jeff PressTrip of the Mail on Sunday and Nigel Farage, about GameStop. Do they both really support bubbles and capital misallocation?
1174 days ago
Yes that horrific news for shareholders in Supply@ME Capital (SYME) will be out in the morning. Meanwhile I reflect on a video I have recorded with the great Dominic Frisby which goes live tomorrow, I hope, and on news that Kwasi Kwarteng might just take action to stop directors lying to investors. I then explain why Redditt groups exposed HERE and HERE in the UK are, in reality, just pump and dump schemes, why they will not deliver another GameStop and why most folks following them will do their conkers. It will end in tears and, I hope, jail time and won’t “burn the shorters” or Fuck The London Stock Exchange, as the organisers promise, at all.
1174 days ago
Earlier I broke the story of how desperate Supply@ME Capital (SYME) owning morons were gathering on Redditt to try to replicate the GameStop effect in the UK and to “FuckTheLondonStockExchange”, manipulating shares in the, currently suspended, con from a £122 million value to £12 billion! I will have some bad news for them from the FCA later. But there is another group on Redditt now trying to organise a GameStop on a range of stocks and guess which sleazy, share dumping, lying CEO of a cash guzzling AIM listed POS has signed up, as I demonstrate below.
1174 days ago
Shares in the outright con Supply@ME Capital (SYME) remain suspended on the London’s Stock Exchange despite its very belated posting of two missing sets of accounts. In my latest letter to the regulators at the FCA I explained why the shares should stay suspended until Supply’s lies in those two accounts are addressed. But here’s another reason, plotters on Reddit are aiming to attempt a mass buying of the shares on Monday, if they are unsuspended, to destroy, what they believe is a massive shorting conspiracy. They think Supply will be the UK’s GameStop, taking down evil hedgies and shorters.
1174 days ago
I start with the annual horror that is doing a tax return for the Mrs. It was a pleasant shock. Then onto Left and Gamestop. Then I look at MyHealthChecked (MHC), Novacyt (NCYT), Jubilee Metals (JLP), another man with a posh wife who might struggle with her tax return, Mr David Beckham and E-Guild (GILD) and the real issue at Supply@ME Capital (SYME)
1175 days ago
I describe how my role in the garden at the Welsh Hovel moved from a purely managerial one today so our resident Euro loon really can’t out working class me today. Only kidding Jonathan, I know you really are an oik. In the main podcast I look at Supply@ME Capital (SYME), Greatland Gold (GGP) – great grades shame about the sleazy option news Mr Alex Borelli – Wishbone Gold (WSBN), Eurasia Mining (EUA) and car crash in waiting Zoetic (ZOE). I also look again at Gamestop and who really areb the good and bad guys. There are a lot of financially illiterate commentators talking bollocks on this matter.
1177 days ago
I start with a note on why we should spare a few thoughts at 8PM tonight. I then look at Gamestop, Elon Musk, Melvin Capital and sheer insanity writ large. From there I move onto Cineworld (CINE), Verditek (VDTK) where AIM Regulation really must act and then onto events at Sabien (SNT).
