58 days ago
I discuss that letter, have dynamite news for Satsuma (SATS) cover WH Ireland (WHI) and Mercantile Ports & Logistics (MPL) where, finally, I reckon I may have an ouzo moment soon.
70 days ago
During the past 24 hours the price of a range of cryptocurrencies including bitcoin and Ethereum has tumbled sharply. Bitcoin itself is now back below $110,000 having been $125,000 just a couple of weeks ago. Yet folks like my pal Dominic Frisby still insist that it is a store of value when compared to fiat. Can the bulls explain one thing to a silly old dinosaur like myself?
71 days ago
In today's podcast I look at Wishbone Gold (WSBN), PennPetro (PPP), London Bitcoin Company (BTC) and the LIARS at Satsuma (SATS).
73 days ago
I start the podcast discussing crabapple jelly and emails to cheapskates to fund goat farming. Then it is Satsuma (SAT), the gold and bitcoin prices, Bluebird Mining Ventures (BMV) and Skinbiotherapeutics (SBTX)
79 days ago
I have dropped a note to Nikhil Rathi, CEO of the FCA, asking if he regards lying in an RNS in a market his organization regulates as acceptable. You would have thought that the answer is “No” but the ack of action to correct the Satsuma (SATS) lying suggests otherwise.
81 days ago
I consider whether it is right for the Euroloon Jonathan Price to lay Nigel Farage and conclude not. Then I look at S4 Capital (SFOR), Anglo Eastern Plantations (AEP), Satsuma (SATS) and Bluebird Mining Ventures (BMV).
82 days ago
On Friday Satsuma Technology (SATS) lied to investors via RNS but it’s what it is covering up that the FCA should be all over. In case the regulators have overlooked this 175 million pounds scandal I have dropped them a note
83 days ago
The ball is now in the FCA's court. I explain how Satsuma (SATS) could be insolvent by October 1, the whole bubble could blow up.
84 days ago
The gonad kick comes from Eco Buildings (ECOB) where I apologise and feel let down. the triumph is from Satsuma (SATS) which I expose as lying to investors about why its auditor has quit which I reckon is down to my accounting exposes This may cause the FCA to block its prospectus. I discuss that and also ref Atlas Metals (AMG) the massive regulatory weakness of the main market that seemingly allows directors to lie with impunity.
95 days ago
Today Satsuma (SATS) published its audited interim results for period from 1 June 2025 to 8 August 2025. They record a loss of £10,377,000 and the company was technically insolvent with net liabilities of £6,845,000 versus a market capitalisation of £13.2 million. But given it held £54,043,000 of cash and £99,590,960 in Bitcoin there is no risk of the company going bust for liquidity reasons. The liabilities are almost all CULS so when they convert they will disappear.
95 days ago
It is my 12th wedding anniversary, for a man with my marital track record that is an achievement. After noting that I discuss Kefi Gold & Copper (KEFI), Versarien (VRS), Hemogenyx (HEMO) and Satsuma (SATS).
109 days ago
I discuss bitcoin prices and how and why this bubble is deflating and could bust. I discuss Smarter Web (SWC), Consilium (COIN), now 95% down in 10 weeks, London Bitcoin Company (BTC), Bluebird (BMV) and Satsuma (SATS)
120 days ago
I start with our most useless chancellor since Gordon Brown and today's base rate cut. Then I give you two email addresses you may care to use if you are an Optibiotix (OPTI) shareholder before I look at news from ECR Minerals (ECR) and Satsuma (SATS).
122 days ago
I start wih the next steps against Julie Meyer, Neil Woodford and Dave Richards of Wandisco infamy. Am I allowed to feel a bit smug today? I discuss the failings and there are many of them of the FCA as expsed by the Woodford affair. I discuss Domino's Pizza (DOM), Satsuma (SATS) and Georgina Energy (GEX) which looks like its toast. Tomorrow is Optibiotix (OPTI) battle day and my train tickets to London have just been booked.
130 days ago
I start with more failings by the NHS then it is Ariana (AAU), Bluebird Mining (BMV), Satsuma (SATS), Tiger Royalties (TIR) and Optibiotix (OPTI)
131 days ago
Strategy (MSTR) is the big daddy of bitcoin in treasury companies and its success is seen, by believers, as proof that The Smarter Web Company (SWC) can go only one way. But even Strategy trades at less than 2 times NAV whereas the Smarter Web company, at 217.5p, trades at more than five times fully diluted NAV. So, if one accepts that Strategy is cheap, which I am not sure I do, then that does not make Smarter Web anything but expensive. But what if Strategy shares were to puke? Could that happen?
136 days ago
In today's podcast I discuss Wishbone Gold (WSBN), The Smarter Web Company (SWC), the Reverend Andrew Carter and the other zealots, Coinsilium (COIN), London Bitcoin Company (BTC), Satsuma (SATS) , your FREE MONEY GUARANTEED WIN TRADE and finally Skinbiotherapeutics (SBTX)
136 days ago
Sadly my pals at the Financial Reporting Council do not look at Q1 and Q3 results statements even if like those of Satsuma (SATS) they drive a coach and horses through IFRS rules and are thus gossly misleading. The FRC has written to me with this bad news but it says that it has passed the matter onto the FCA and clearly Satsuma is now on notice that it will have to restate Q1s when it publises half year numbers. Against that backdrop how on earth can it continue wth its current £100 million fund raise? Answers on a postcard to the Chocolate Teapots at the FCA. The FRC writes to me.
143 days ago
I start with Greek news (good) and then agreeing with Brian Basham, champagne socialist of the year 2002-25, on the latest madness of Rachael from Customer Services on mortgages and cash ISAs. Then Ariana (AAU), Satsuma (SATS), Cirata (CRTA) and Sosandar (SOS)
143 days ago
I am not surprised that punters with warrants mainly at 1p but also at 6p have been exercising in droves as announced today. With the shares at almost 10p but worth a maximum of 1p but perhaps as little as 0.1p depending on whether the current 100 million quid funding round at 1p succeeds, folks would be mad not to exercise warrants and sell. Equally anyone buying the shares at almost 10p is also mad. Today there is another howling corporate governance stinker.
144 days ago
I discuss frustrations and blunders here in Greece and the gloomy view one gets of the UK from afar. Then: Eco Buildings (ECOB) and the idea of a Sharestock boxing match between fagash Brailey and Chris Gilbert, Bluebird Mining Ventures (BMV), Tern (TERN), Vast Resources (VAST) and more total nonsense at Tao Alpha/Satsuma (SATS)
146 days ago
The letter is self explanatory. I have sent it to both the FRC and the FCA. In a proper world a company currently trying to raise a hundred million quid would have its shares suspended pending a restatement of grossly misleading accounts. But in the real world who knows?
147 days ago
Its valuation is bonkers and as revealed earlier, its accounts are iffy. But is Tao Alpha (SATS) about to lose its best known backer?
147 days ago
The bitcoin in treasury madness continues. Valuations are still crazy. Chancers like David Lenigas are ramping as never before. Sordid promoters discuss new valuation metrics to justify the insanity and amid all of this who cares about material accounting tomfoolery?
149 days ago
Another day and another bit of nonsense from Tao Alpha (SATS), the bitcoin in treasury come AI spoof shortly to be renamed Satsuma and which, at 10.1p is now capitalised at a fully diluted £1.3 billion. On a fully dilulted basis it would sit on cash and shitcoin of c£100 million.
