Microsalt

2 hours ago

If Microsalt hits breakeven in 2027 as it promises I am a banana & so is Evil Banksta

Microsalt (SALT) one of the dogs floated off by Tek Capital (TEK) has completed an equity fund raising bringing in a total of £1.54 million gross ( call it £1.45 million net). And the company has now made projections claiming it is funded through to profitability next year. Bollocks. If that is true both myself and fellow bear Evil Banksta are bananas.

21 days ago

Microsalt – SPOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOF

MicroSalt (SALT)  is, as I pointed out most recently here, both running on vapours and guzzling cash. Today its shares have been suspended under the new Capital Access Regime rules which allows a temporary share suspension at a company’s request ahead of a placing as it tries to get away a $1 million placing. Natch the RNS comes with a monster spoof.

36 days ago

Microsalt at 16p: when’s is the emergency placing? Shall we say 8p vicar?

Microsalt (SALT), as I have warned both you and the FCA in recent months is almost out of cash and unless it gets a placing away soon it faces an Autumnul gig with the Fat Lady.  The shares have collapsed to just 16p so I reckon it would be lucky to get an issue away at 8p. It needs to happen soon. The maths are stark.

65 days ago

Bulletin Board Moron of the day about to be debagged by a Microsalt discounted bailout placing

Microsalt (SALT) is a shite company with debt and almost no cash, It is burning cash, It is a matter of when not if there is a deeply discounted bailout placing. I reckon that it is imminent. The shares are now just 17.5p – shall we say placing at 12.5p vicar?

69 days ago

Tom Winnifrith Bearcast: 4 more dogs in a financial hole

I start with a weather report from Greece, not the global warming you might expect. Then it is Victoria (VCP), Hydrogen Utopia (HUI), Microsalt (SALT) and Cirata (CRTA)

86 days ago

Letter to AIM Regulation: Microsalt statement needed & possible share suspension as well

Shares in companies valued at £20 million do not collapse by 40% in just five days for no reason at all. Even on the AIM casino. I have written to the Oxymorons at AIM Regulation regarding Microsalt (SALT). It and its Nomad Zeus should be forced to issue a statement

87 days ago

Evil Banksta: Microsalt needs annual sales of $137.4 million to be fair value. Sales last year were $2.1 million

Liverpool’s greatest numbers man since Ken Dodd, the 55 year old sole member of Bexley Young Conservatives, Evil Banksta, says that you cannot short Microsalt (SALT) but he wishes he could. His maths is compelling.

87 days ago

MicroSalt – when is the placing? This is not rocket science.

Microsalt (SALT) is part of the TekCapital (TEK) nest of snakes. Tek buys crap companies for peanuts, funds them, usually with debt, then lists them at a crazy price so it can get its debts repaid and flog shares. That allows it to buy another shitco for peanuts and, more importantly, to fund bloated PLC costs. Rinse and repeat. Microsalt is revolutionising the world of salt….whatever. It is almost Woodfordesque. Now do the maths.

486 days ago

Tom Winnifrith Bearcast: Vindictive taxes always fail while is David Lenigas losing his twitter touch?

I start on three vindictive Labour taxes and how all are failing then it is : Wishbone Gold (WSBN), Vuctoria (VCP), Optibiotix (OPTI), Celadon (CEL), Microsalt (SALT) and TekCapital (TEK)

525 days ago

Tom Winnifrith Bearcast: Blur vs Oasis in 2025 and Alan Miller's first marital misfortune, my escape

I look back to the era of Britpop as I look at the Optibiotix (OPTI) vs Skinbiotherapeutics (SBTX) split among you HERE. Then it is TekCapital (TEK), Microsalt (SALT), First Class Metals (FCM) and Eco Buildings (ECOB)

543 days ago

Tom Winnifrith Bearcast: will Trump kill off Tek Capital? Tales from the Greek Hovel & More

I started my day at 3 AM but am now at the Greek Hovel. I recount a few tales including an airport ear bashing from Minoan's (MIN) Egleton, made possible by Brexit as Euroloon Jonathan Price will, no doubt, say later. Then it is Tek Capital (TEK), Microsalt (SALT), Upland Resources (UPL), Celadon (CEL) and other assorted dross.

567 days ago

GenIP: Evil Banksta has a rant, warns to avoid like the plague & comments on the Hornby delisting

Liverpool’s greatest numbers man since Ken Dodd is angry. Very angry. He writes:

642 days ago

MicroSalt, patently absurd, an expert writes on today’s ramping

The word on the street is that Father Christmas has a stocking gift for myself from the Dominic Frisby store as a reward for being so good this year. Meanwhile the great man has a new song out which is superb although, for some reason, the Mrs. is not a fan! Enjoy.

661 days ago

Tom Winnifrith Bearcast: I wish I knew what Luke Johnson was selling today, here are my two sell tips for Tim

I look today at Victoria (VCP), Avacta (AVCT), MicroSalt (SALT), Skinbiotherapeutics (SBTX), Probiotix (PBX), Hydrogen Utopia (HUI), Supply@ME Capital (FRAUD) and a dead cat bounce, Wishbone Gold (WSBN) and its auditors and Valirx (VAL)

814 days ago

Microsalt: wonder IPO or ludicrous price?

Microsalt (SALT) tried to raise £10-15 million ahead of an IPO last October but for some unexplained reason, Nomad Zeus postponed the IPO. On 1 February it joined the AIM sewer after raising £3.15 million gross (£2.5 million net) at 43p giving an £18.5 million valuation. Today, after announcing what it termed a “vital” deal earlier this week, the shares are 112.5p so valuing it at just over £48 million. Really?