12 days ago
When your broker needs to sell new shares equating to 5.5% of your market cap EVERY MONTH for ten months to pay back a loan from death spiral provider Yorkville but can only do so on days when the shares are up, you need to create volume and Bulletin Board Moron investor interest with a constant stream of turd polished RNSs. Hamak Strategy (HAMA) Chairwoman Nichola Horlick farts. RNS it, polishing it as how “Superwoman” is creating interest. Today the company has announced new hires which will only add to the cash guzzle and diminish the, already paltry, TNAV.
13 days ago
Oh dear, oh dear. Maybe it was my hurty words about Bernie Madoff cheerleader Nichola Horlick that did it. Or maybe it is just that the Nimba asset in Liberia is a piss poor one but a farm out deal with ASX listed penny dreadful First AU Ltd has collapsed now putting real pressure on the balance sheet of Hamak Strategy (HAMA) just as an ATM death spiral kicks into action.
18 days ago
I start with Blue Owl and the mega bear case for the market, especially tech. That brings me onto bitcoin and a deep dive into FY numbers from the Smarter Web Compay (SWC). En passant I mention London Bitcoin Comany (BTC) amnd Hamak Strategy (HAMA)
19 days ago
Everywhere I see on social media folks are calling for higher taxes on the rich without defining who is rich. When, according to the ONS, more than half of Brits are net takers from the state it is not surprising that craven politicians pander to the Pauls and ignore the Peter’s since there are more of the former than the latter. The UK’s most popular politician Zack Polanksi stated last night that the true wealth creators are cleaners, teachers and nurses while we capitalists merely suck out wealth. This is going to end badly. In this crazy world the man after whom the Laffer Curve is named has recorded a video every single Brit should be forced to watch.
21 days ago
Happy pancake day, I am off to prepare our treats for later but consider what follows ( Lent) and how times have changed. Then how the Lib/Lab/Cons ALL tried to get taxation without representation - we live in a cold banana Republic. Then Optibiotix (OPTO), writing to Vigo PR about whether Skinbiotherapeutics (SBTX) funded smears against its critics, Hamak Stategy (HAMA), Georgina Energy (GEX) and Boohoo (DEBS) where the valuation is bonkers.
35 days ago
Hamak Strategy (HAMA) now run by Bernie Madoff cheerleader Nicola Horlick following the abrupt resignation of the previous chairman, has announced spoof purchases of gold bullion and bitcoin.
47 days ago
Seriously some folks are discussing this and they may be half right but also half wrong. I also look at Skinbiotherapeutics (SBTX), Defence Holdings (ALRT), its new hire and its funding facility and that of Hamak Strategy (HAMA) where I do the maths for you on why it will end badly for La Horlick.
85 days ago
I refer to an article on my own website HERE regarding Warwick School. Moral of the story, I do not give up whatever is thrown at me. I then turn to Eden Research (EDEN), Satsuma (SATS), Hamak Strategy (HAMA), Union Jack Oil (UJO) and Sundae Bar (SBAR).
96 days ago
In today's bearcast on an ouzo day I look at Amazing AI(AAI), Defence Holdings (ALRT), Hamak Strategy (HAMA), Smarter Web Company (SWC), Satsuma (SATS), the wretched and ghastly Mir and Trustpilot (TRST)
98 days ago
I discuss Amazing AI (AAI), Microstrategy (US:MSTR), Smarter Web (SWC), Hamak Strategy (HAMA), Bluebird Mining Ventures (BMV) and Union Jack Oil (TOAST).
112 days ago
When it comes to other people’s money is Andrew Webley, the grifter in charge of the Smarter Web Company (SWC) the worst investor on the listed scene? I merely offer up facts that his cheerleaders will not wish to take on board as they discuss his “bitcoin yield to date” and other completely made up metrics.
122 days ago
When I attended at Warwick School I was taught economics by a man called Martin Green, an inspirational teacher, the England Rugby Coach and a member of the SDP. There were two ways we boys would taunt Green.
125 days ago
Hamak Strategy (HAMA) will see its shares crushed from January thanks to a #5m funding facility provided by US death spiral outfit Yorkville, broker AlbR (bucket shop Novum as was) and set up by disgraced Adam Wilson of the Ben’s Creek fraud infamy. I explained why this must smash its shares from January onwards making the stock utterly uninvestable for anyone other than financial masochists HERE. Now this Axis of evil has another victim, Nativo Resources (NTVO), already a dog but now one whose shares will be obliterated. Here’s why.
127 days ago
As I have noted before, ATMs, aka death spirals might work when a stock is flying. But when it is tanking they act to stop the share price gains on the few up days and cannot be used on the many down days. Thus they crush the share price and that causes volumes to dry up and thus bring in ever reduced proceeds. Today’s ATM update from the Smarter Web Company (SWC) is horrific and leaves its shares at just 50p to sell.
131 days ago
Readers of this website will be all too aware of the antics of disgraced Adam Wilson at Daniel Stewart, and with his buddy Peter Shea at Ben’s Creek (BEN), now in administration. After the Ben’s scam, Wilson is a City pariah with only total scumbags even considering dealing with him. And that, according to a top source, brings me to Hamak Strategy (HAMA).
138 days ago
I report back from the Wrexham game and the schoolboy error of the World's Greatest living expert on Music Magpie. I discuss today's dash to trash ref Versarien (VRS) and Supply@ME Capital (SYME). Look at Satsuma (SATS) as it finds a new auditor. Then it is why ATMs are death spirals ref Smarter Web (SWC), Defence Holdings (ALRT) and Hamak Strategy (HAMA).
145 days ago
I cannot see why Hamak Strategy (HAMA) is not being forced to publish an RTO prospectus. If the FCA does follow its own rules surely that must happen which will throw the whole funding strategy of this overvalued, fiat strapped, POS into disarray. I have tried kick the regulator into action with a letter.
145 days ago
I have to admit to a dirty pleasure. Last night I spent half an hour on the internet and you may think my viewing sordid but it was a real thrill. You’ve guessed…
146 days ago
Poor old Magna Carta may have to switch the asylum for the poor house at this rate. Let us pray for the poor fellow. I start with Kefi Gold & Copper (KEFI) and then discuss the man who, as a right wing economics geek, is my all time hero. That brings me to Hamak Strategy (HAMA) and then Sosandar (SOS), Procook (PROC) and Genedrive (GDR) plus a bit of macro ponderings on consumer confidence and spending here in Airstrip One.
146 days ago
I shall be writing to the FCA shortly but today’s announcement from Hamak Strategy (HAMA) beggars belief. Quite clearly its proposed #35m double death spiral funding will trigger a change of business, an RTO, and thus it needs to get a prospectus approved by the FCA to go ahead. I have offered the company’s advisors a chance to comment but they appear to have declined. Let me explain the problem.
146 days ago
On 25 September Hamak Strategy (HAMA) CEO Nick Thurlow told mug punters in an investor meeting that his company was fully funded for 12 months. With negative net current assets that was clearly disingenuous, either Hamak had to sell some of its 20 bitcoin or it needed to issue shares. Today it has announced not one but two death spirals! Confetti ahoy!
153 days ago
As discussed in bearcast yesterday, I have now both started the process of making 7 llbs of green tomato chutney as well as writing to the FCA asking it to investigate Hamak Strategy (HAMA) which has clearly mislead investors in the presentation you can see below. The letter is clear, Hamak is misleading its investors and needs to be made to come clean…
154 days ago
I start with some of the ghoulish reactions to today's October 7 anniversary, reactions that fill me with horror and disgust. I then look at Audioboom (BOOM), Georgina Energy (GEX), Hamak Strategy (HAMA) and Eurasia Mining (EUA), 80 million quid of hot air and puff.
158 days ago
I am being berated by a raft of X poltroons today about Hamak Strategy (HAMA), folks who are not inside a paywall but still insist that I have got it all wrong on the basis of a company presentation last week in which it insisted that it had 12 months cash. Companies can say what they want balance
sheets do not lie.
