Stifel

132 days ago

Letter to AIM Regulation: Stifel and Avacta just cannot say this in an RNS

I have written to the Oxymorons, more in hope than expectation, suggesting that AIM Regulation sanction Nomad Stifel and Avacta (AVCT) for issuing an RNS that makes a claim that cannot be backed up. I realise that Avacta needs to do a placing in the next few months but even so this is more than naughty. This is not about me or Avacta but about whether AIM wants to apply its own rules.

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132 days ago

Tom Winnifrith Bearcast: Stifel should lose its Nomad license for today's Avacta statement

I start with culinary triumphs notably the nettle beer I bottled today. Then it is Avacta (AVCT), Regtech Open (RTOP) and Naked Wines (WINE)

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133 days ago

Avacta – time to go short again as countdown to another attempt by Stifel to do a placing is surely underway

Back in June I revealed that Stifel was trying to raise £10 million at 90p then 80p for Avacta (AVCT). The company dissembled in its “refutation.” The fact is that despite having an outstanding £55 million death spiral in situ, Avacta needs to place, it is just a matter of when.

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268 days ago

Letter to AIM Regulation: Surely you cannot allow Avacta to mislead in this way?

Yesterday Avacta (AVCT) and its Nomad Stifel deliberately misled investors about a placing it had had to abort after I revealed all on Saturday HERE. I have written to the Oxymorons at AIM Regulation pointing out that this is an active deceit and suggesting that both Stifel and Avacta should be sanctioned and forced to ‘fess up. I do so just to put this latest failing at the casino on the record, not in great hope that the Oxymorons will actually do anything. The letter is below

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269 days ago

BREAKING: Avacta – dissembles as placing fails

On Saturday, I revealed that Stifel was running a £10 million book build for Avacta (AVCT) at 90p HERE. On Sunday I reported that it might now be at as low as 80p HERE as the response had not been good. Today Avacta has dismissed the attempted placing as market speculation and says there is no imminent fund raise. It misleads. There is a partial fess…

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416 days ago

Bidstack - how big is the Azerion black hole?

In October of 2022 Bidstack (BIDS) completed a fundraise at 2.85p raising a net £9.5 million. Its house broker Stifel said that this would be enough to get it through to breakeven in 2024. But I suggest that is patent bollocks and that there could be a cash crisis ( again) this year. Here’s why.

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514 days ago

GOTCHA: Bidstack forced to fess to damning email thanks to the Sheriff of AIM but it still dissembles

I wrote to AIM Regulation yesterday and it is clear that it has acted forcing the rogues at Bidstack (BIDS) to come clean about the “Private” bust up with Azerion email sent to some clients of Nomad Stifel yesterday, an email, that thanks to Winnileaks, I published in full within hours of it being sent. And the regulators have forced hapless Lyin’ James Draper to roll back on claims in that email.

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514 days ago

Letter to AIM Regulation: Enough is enough, this (third) time surely it must slam Bidstack?

Yet again Bidstack (BIDS) has leaked clearly price sensitive information into the market to only certain folks, that is to say, selected clients of its Nomad and broker Stifel, rather than via RNS as I exposed earlier HERE.  But this is not the first such sin by Bidstack which it has committed in collusion with Stifel.

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538 days ago

Bidstack raises £10 million – is that enough?

Lunatics such as the low grade Ulster share spiv Nigel Hassard insisted that Bidstack (BIDS) did not need a fund raise even as its own broker slashed forecasts and warned that the company would be down to just £34,000 cash at December 31 this year.  The loons said that I was just scaremongering.  Of course, Bidstack did not tell ordinary investors about that Stifel red alert, instead, the very same day issuing a ramptastic statement about a $100 million market opportunity. I’d like to talk about an opportunity – also not grounded in any hard actual events – that I have with Cheryl Cole.

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547 days ago

Letter to AIM Regulation – Bidstack deliberately deceives investors, action needed ahead of rescue placing

I have just written to AIM Regulation as Bidstack (BIDS) , lead by Lyin’ James Draper, has today grossly deceived and mislead investors as to the collapse in trading.  The company has breached AIM Rules 10 and 11 and it, and its Nomad Stifel, need a public censure. The letter follows:

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707 days ago

Canadian Overseas – here is a lookalike funding that Stifel prepared earlier and look how it fared?

The idea of announcing a death spiral – while pretending it is not a death spiral – at the same time as a bailout placing, is odd. Who would want to buy into a placing, when you know that, at some point, a blizzard of confetti will be dumped?

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723 days ago

Falanx Change of Adviser – talk me through the logic, chaps

Back in March 2019, cyber-security play-cum-jam-tomorrow producer, Falanx (FLX), sacked its Nomad (Spark Advisory) and “upgraded” to Stifel. Three years later, there is a new change. It all makes no sense.

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729 days ago

The mystery of the twice aborted Recycling Technologies IPO and quitting CEO – an expert writes

Yesterday I suggested a possible reason for Stifel pulling the second attempted IPO of Recycling Technologies and for the shock resignation of CEO Adrian Griffiths just days before the IPO D day.  An expert investor has written to me with his analysis. He thinks I was on the right lines with regard to the bankruptcy of Pure Global Limited where Griffiths was on the board. Our expert adds far more detail suggesting the predicament Stifel as the Nomad may have faced, hence its resignation.

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730 days ago

BREAKING: Recycling Technologies IPO pulled AGAIN – has Nomad Stifel quit?

Oh dear, oh, dear. To have your IPO pulled once is understandable, but twice seems like carelessness. Perhaps Nomad Stifel might care to scotch certain rumours doing the rounds.


Recycling Technologies first tried to raise £40 million of new monies, plus, if demand existed, some selling by existing investors, before Christmas.  A schedule one notice went in on December 1; a Primary Bid offered us stock a few days later, and Stifel Europe anticipated a mid-December IPO on the AIM Sewer.

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915 days ago

Argo Blockchain US fundraise is at just 109p - no wonder ELEVEN brokers managed to get it away

Yes, you read that correctly, the US ADR placing of Argo Blockchain (ARB) involved ELEVEN different brokers. Jefferies, Barclays , Canaccord Genuity,  Stifel, GMP, Compass Point, D.A. Davidson & Co, Ladenburg Thalmann, Roth Capital Partners, finnCap  andTennyson Securities are the team batting for Argo and will no doubt boast that they raised £82.4 million having targeted just £75 million. But…

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1010 days ago

Letter to AIM Regulation Re Bidstack PLC as it teeters on the brink of insolvency

The staff at Bidstack (BIDS) should get paid next week, assuming that their employer can delay paying other bills. But it is unlikely to be able to meet next month’s payroll so calamitous has been the shortfall in trading vs expectations. Unless Nomad and Broker Stifel can get away a rescue placing within weeks, Bidstack staff should be brushing off their CVs as a matter of urgency. I have written to AIM Regulation as a statement is needed asap.

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1029 days ago

Bidstack – another question for Lyin' James Draper – how can the December 2019 RNS’s not be a £10 million Deceit?

Lyin’ James Draper, the CEO of almost insolvent Bidstack (BIDS), is a proven liar. We knew that already but here is another monstrous £10 million quid deceit from December 2019 for you to consider. How Nomad Stifel signed off on this is baffling. You might almost think Stifel was morally bankrupt!

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1029 days ago

Bidstack: now days away from being out of cash, bailout placing needed ASAP but when’s the dire trading warning?

Surely, before undertaking a bailout-discounted placing with bucket shops, a company has to come clean and admit that trading is way below what had been forecast? Those are the AIM Rules but Lyin’ James Draper and Bidstack (BIDS) do not give a rat’s arse about rules and neither, it seems, do the Oxymorons at AIM Regulation. On 22 April, house broker & Nomad Stifel slashed its 2021 and 2022 sales forecasts and upped its forecast losses for Bidstack but the company is yet to admit that trading has fallen off a cliff. But today with cash down to almost nothing and staring down the barrel of insolvency, surely it must be made to ‘fess up?  Here are the maths:

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1051 days ago

Letter to AIM Regulation – Bidstack, an official warning must be forced

Three sorts of investors know that trading at Bidstack (BIDS) is far worse that the company had hoped for and that it now faces a gargantuan cash crisis putting its very survival in doubt: clients of Stifel, those who can afford a Bloomberg terminal and readers of this website. Thanks to the company ignoring AIM Rules 10 & 11 most investors are seeing their savings die of ignorance. I have again written to the Oxymorons at AIM Regulation urging them to force an immediate statement.

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1057 days ago

BREAKING: Bidstack – Confirmation of Stifel forecast slash & breach of AIM Rules 10 & 11

Needless to say, the morally bankrupt PR firm of Buchanan has still not replied to an email from Tuesday night regarding forecasts for its technically insolvent client Bidstack (BIDS). Presumably it is working hard finding a journalist to smear and that is its priority. When Steph Watson says she will reply to an email what she clearly means is “I am a lying PR harpy and will do nothing of the sort.” But, without the assistance of mendacious Steph, I now have confirmation that house broker Stifel has indeed slashed forecasts which appears to be a clear breach of AIM Rules 10 and 11.

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1057 days ago

Letter to AIM Regulation – why has Bidstack apparently breached AIM Rules 10 & 11 with impunity?

Earlier today I reported on market speculation that Stifel, the house broker to Bidstack (BIDS) had slashed its sales forecasts and materially increased its loss forecasts for Bidstack (BIDS). This cannot have happened without a company chat so why has there been no official lack of sales/increased loss warning. Is CEO Lying James Draper again in breach of AIM Rules. I have written to the Oxymorons at  AIM Regulation, as you can see below

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1058 days ago

Has Bidstack issued a horrible warning but only for clients of Stifel – does AIM Regulation give a feck as insolvency looms?

If there is a material change in your trading outlook, as an AIM Company you have a duty to inform the market at once, as per AIM Rules 10 and 11. But if you are Lyin’ James Draper of Bidstack (BIDS) you do not give a flying fuck about the rules. So has he issued a horrible lack of sales/increased losses warning by simply speaking to the analyst at house broker Stifel who slashes forecasts? Is it the case that as of Friday clients of Stifel heard the bad news, other morons who owned the stock did not. And the news, is rumoured to be dire. Cretinous low grade PR firm Buchanan, employers of the journalist smearing fraudsters PR of choice Henry Harrison-Topham, are failing to answer emails or calls on this matter but should get off its fat collective arse and issue an RNS or at least say this is not true if it is not true.

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1137 days ago

ShareProphets translation service – Bidstack ramp ahead of placing

Following its shocking lack of 2020 AND 2021 profits and disappearing cash warning on February 1, Bidstack (BIDS) is close to running on vapours with net current assets set to go negative by the end of May and cash set to run out before then. Oh dear. What to do? Ramp the shares ahead of a discounted placing from the Nomad and broker which signed off on the grossly misleading pre-Christmas trading statement, Stifel.

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1151 days ago

Bidstack admits to pre Christmas deceit, warns on 2021 – has to be rescue placing ahoy

The first of a number of triumphs today for the Sheriff of AIM is AIM bad boy Bidstack (BIDS). After repeated pressure from this website it has, finally, admitted that its pre Christmas trading statement was a deceit and, better still, has issued a shock warning about 2021. Oh dear, its moronic followers, including Mike Turner, that cross dressing IT freak from Northants, will be cacking themselves as a cash crisis looms. Let’s start with the false market created on 17 December with the misleading RNS signed off by shameless Nomad Stifel.

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1169 days ago

Bidstack – The share price tells you that Stifel has an urgently needed bailout placing underway

Bidstack (BIDS) managed to ramp its shares up to 13p the other day thanks to the follow on from a trading statement which was long on ramp but short on critical detail. That AIM Regulation allowed a company with a history of deceiving investors to issue such bollocks is another mark of infamy on its already soiled record. After the pump, you know what comes next and it looks to be underway.

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1221 days ago

Bidstack – do the maths as a lack of sales warning is about due!

As at June 30, thanks to a grubby fund raise organised by Nomad and broker Stifel, Bidstack (BIDS) sat on £5.9 million of cash and bet current assets were only a tad lower. But as we approach Advent and the year end that position has got much worse. When, I wonder, is the warning and official admission of that?

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1417 days ago

Bidstack : Broker Stifel is ‘avin’ a Turkish with one of the crappiest notes in history

The key phrase in today’s research report on Bidstack (BIDS) from broker Stifel is “Stifel does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision.” Put another way, Bidstack runs out of cash in a few weeks, needs to get a bailout placing away with Stifel which will earn 5% commission on that. The report is truly dire.

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1636 days ago

EXCLUSIVE: Reabold – Winnileaks strikes again, up to £30 million placing set to be announced 8 October

Thanks to the Winnileaks service I have in my possession the presentation Reabold Resources (RBD) is serving up as it endeavours to raise up to £30 million. I gather it is tough going. The deal will come as a shock to joint brokers Turner Pope and Whitman Howard as it is Stifel Europe that is acting as broker. The presentation says the deal will be announced October 8. Ho Ho.

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1720 days ago

UPDATED FOLLOWING MENACING LAWYERS LETTER: Yourgene at 13p worth 20p: Stifel initiates coverage

Finally the research powerhouse that is Stifel has initiated its coverage of its corporate client Yourgene (YGEN) with a detailed note which is below. A senior officer at Yourgene supplied the note to me. In the past on every occassion this has happened. On this occassion Stifel has demanded that I withdraw the note and pay it £750 or it will throw the book at me. I have taken the note down. If it wants the £750 it can ask Yourgene directly. What is the point, I wonder, of hiring a big name broker to produce research and then trying to reduce the number of folks who read that research? Whatever.

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1756 days ago

Diversified Gas & Oil - over to PWC to explain why its accounts must be restated

As I noted in my earlier bonus bearcast, Diversified Gas & Oil (DGOC) or its agents at Cenkos, Stifel and Mirabaud are almost certainly briefing the dumb fucker insitutions who own this stock that I do not understand IFRS 3 and so my claim that its accounts grotesquely overstate “profits” and must all be restated are hogwash. Au contraire…I now refer you to PWC.

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1794 days ago

Yourgene: Acquisition, placing, FinnCap fired, my trust lost for good but the shares are bloody cheap

I have known for a while that Yourgene (YGEN) was to upgrade its broker from FinnCrap to Stifel. It is a big upgrade. But I was told that FinnCrap would be kept on as joint broker for three months during part of which Stifel is in a research blackout period. Something happened last Wednesday and FinnCap was fired with immediate effect. I shall endeavour to establish what it was but maybe it was just that FinnCap’s last research note was so bad that it was felt that no research for 40 days was better than another note from the same shite analyst. Perhaps FinnCap did something worse. I am digging. What you, my fellow shareholders want to know about is the placing and acquisition.

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2473 days ago

Fusionex - last day to sell, Nomad quits, homophobic ADVFN moron J777J19 have fun!

As I had suggested might happen several times, Nomad Stifel has resigned the Fusionex (FXI) account. It could not wait for the AIM delisting on the 26th. Instead it gave notice after hours yesterday that it was quitting as Nomad and Broker with effect from 5PM today. Hooray.Game over.

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2669 days ago

Amryt Pharma - cracking deal but Im sorry that broker buy note does not make sense

I am a loyal shareholder and think that shares in Amryt (AMYT) are cheap and a deal today really does look like very good news indeed. But the buy note from broker Stifel has me a bit confused. Let me explain.

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2673 days ago

Amryt Pharma at 14p worth 49p says Stifel

Amryt Pharma (AMYT) has announced that it has secured a €20m debt facility from the European Investment Bank on, what broker Stifel says, are very attractive commercial terms. Stifel says that the facility will not only extend the company's funding until well into 2019, but also provide funding for development of acromegaly product AP102 and potential launch funding for Episalvan in partial thickness wounds. Stifel concludes that the shares are a buy at 14p with a price target of 49p. Yes indeed. Since we own the shares I thought we'd share the note with you.

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