299 days ago
You may remember that when Big Dave was at UK Oil & Gas (UKOG) right at the start of the Horse Hill farce, AIM regulation stepped in to force a retraction of claims that the area contained 6 billion barrels of oil. It seems that Big Dave is at it again.
355 days ago
The David Lenigas run bitcoin miner Vinanz (BTC) has announced its first deal since its IPO on the Aquis lobster pot: “ Bitcoin Mining Processing Power Increases 650% with New BTC Miner Order”. This is classic Leni-maths and the beneficiary is Big Dave’s bromance partner Richard Poulden. Let me explain.
1060 days ago
As shares in Zoetic (ZOE) slip and stumble to yet another year low of 49p to sell, those margin calls must really be hurting and this share price could collapse very quickly indeed as folks can’t pay the margin calls. But some ignore big questions such as the one raised in bearcast today and indulge in classic Leni-Maths. Meet Kemche from the ADVFN Asylum who posts almost daily now that he is “averaging down.” I guess only another 49p more of averaging down and he will be put out of his misery. Kemche likes Leni-Maths. Enjoy:
kemche26 May ’21 – 15:24 – 7387 of 7389
1986 days ago
If you are a proven liar like Steve Sanderson of UK Oil & Gas (UKOG) who won't buy any shares in his own company but wants to ramp them ahead of the next placing what do you do? Easy. Pay Sharetalk (we will interview anyone who pays the fee) to record an interview with the Sith Lord Zak Mir who makes Justin the Clown look like the Spanish Inquisition and ramp away. Today's podcast is a classic bit of Leni-maths as Lyin' Steve explains to a credulous Zak how to value an oil stock and why UK Oil & Gas could be worth hundreds of millions of pounds if not more. Of course Lyin' Steve is talking utter crap as I explained HERE. Meanwhile enjoy...
2056 days ago
Below you will find shameless ramping on twitter from David Lenigas and also a link to BMD's take on the latest shameful RNS from UK Oil & Gas (UKOG) on the "Gatwick Gusher." The language used in the RNS is misleading and what is served up offers no evidence at all that the shares are not grotesquely over-valued. Only a sordid festering boil on the side of AIM such as Nomad Roland "fatty" Cornish could have signed off on this tripe. There is lso a clear signal of m ore discount placings ahead with the appointment of bucket shop spivs Novum as co-broker. that means just one thing. All is explained in this bonus bearcast as I look at the real data offered not the Leni-maths.
2078 days ago
Giving its piss poor drilling results elsewhere the future of UK Oil & Gas (UKOG) is almost entirely a play on the Gatwick Gusher, aka, Horse Hill, aka the latest mega ramp engineered by David Lenigas. Today UK upped its stake in Horse Hill by an effective 4.55% to 36.985% in a deal which only demonstrates more clearly how grotestquely overvalued its own shares are. That is unless you are using Leni-maths.
2105 days ago
The UK Oil & Gas (UKOG) twitter feed, dutifully retweeted with added hype by David Lenigas, has so far reported three tankers leaving Horse Hill full of oil to be sent to the BP refinery. But is this proof that the Gatwick Gusher is a gusher? That is what the Bulletin Board Morons believe but they would believe almost anything. Let’s look at the tweets below and do some maths, not Leni-maths, real maths.
2959 days ago
In this podcast I look at United Cacao (CHOC) and also Gulfstands Petroleum (GPX) but the bulk of this edition covers the ramping of Horse Hill stocks by an unholy alliance of flip flop, Jabba and others. The trouble is that their analysis - I use the word loosely - is based on Leni-Maths and Leni-Maths does not add up.
2975 days ago
After yesterday's dire news from LGO Energy (LGO) which saw its shares slump to 0.31p the case of Tom Winnifrith vs David Leni-Maths continues and I now bring you another piece of evidence, possibly the worst broker note in history. Analyst Barney Gray at Old Park Lane was either on crack cocaine when he penned this classic back on 21 February 2012 or he was simply writing exactly what the share ramper David Lenigas told him to write. My guess is that it was the latter as Old Park was joint corporate broker at the time. Anyhow, Barney told us that the shares were a buy at 1.2p with a 5p target. But it is what he says in this nonsense that is of real import.
2977 days ago
I ask you to examine two RNS statements issued by Lenigas ramp (how's the placing going) UK Oil & Gas (UKOG) concerning Horse Hill flow rates from 29 February. Then let's do some Leni-maths.
2981 days ago
Today Lenigas Cuba (CUBA) purchased a further interest in MEO Australia as set out below - needless to say this is another Jabba The Hutt deal where the numbers only make sense if you use Leni-maths.
2992 days ago
It is now 48 hours without nicotine and lefty luvvie Emma Thompson attracts my ire. there is also comment on the Horse Hill ramping and Leni-maths, the tobacco smugglers at Afriag (AFRI), Fusionex (FXI), Adolf Hitler's business cards, Iofina (IOF), Petroceltic (PCI), Environmental Recycling (ENRT), Edenville (EDL), Tertiary (TYM), Totally (TLY) and Igas (IGAS).
2992 days ago
Yesterday I pointed out how David Lenigas and others were ramping Horse Hill like mad to get rescue placings away for companies such as Solo which are at death's door. The ramp continues today with new flow data. But in a private email to clients a leading broker explains just why the Leni-maths does not stack up at all.
You will note that this broker has been threatened with legal action by David Lenigas before for daring to question him. But bravely, depite the bullying of Jabba, the broker notes:
3051 days ago
Whilst checking the details about Evocutis PLC (EVO) I noticed that the 31 July 2014 year end accounts have been signed off on the 20 January 2014, some 6 months before the accounting year end. At this point we move from Leni-maths to, Back to the Future, starring Jabba The Hutt.
3057 days ago
The supporters of the trainwreck IPO that is Lenigas Cuba (CUBA) argue that by clever acqusitions Jabba The Hutt will increase the NAV. Net assets currently stand at c 0.65p per share IF one assumes that £1 spent on acqusitions is worth £1. I would argue that it is not and shall demonstrate why below.
We can ignore the relatively small sums spent on buying dormant or near dormant companies from related parties such as Green Hair Services - that will not destroy much NAV, certainly not as much as the obscene drawings of directors and PLC costs. The biggest acqusition to date is in oil ( well hoped for oil) and that is where it is time to see if Leni-Maths is at play.
Lenigas Cuba makes the following comments
3102 days ago
John Meyer of SP Angel today admits that he has been analysising resource companies wrongly for years. Having looked at UK Oil & Gas's (UKOG) Horse Hill data, John has stumbled across the new science of Leni-Maths. John writes:
