6 days ago
The exodus at AIM continues. Today two AIM index 100 companies announced that they will be leaving the market.
8 days ago
Much as bears shit in the woods and I have inappropriate thoughts about Cheryl Cole, Predator Oil & Gas (PRD) has discounted placings. All three events happen regularly and are just so predictable, unless the bears need more prunes in their diet. The thing about Predator is that you simply cannot believe a word that it says.
8 days ago
Today CPP (CPP) issued a shareholder update which a time of writing saw its share price crater by 46%. The reason for the drop isn’t due to a lack of cash as the extract from the RNS below indicates.
15 days ago
On January 16th the FCA will push through new rules for prospectuses and the new rules are at best a kick in the gonads, at worst, another nail, in the coffin for the AIM Casino.
40 days ago
Defence Holdings (ALRT) promised back in September that the first “value realization” on its AI spoof project Ixian would be in December. We are still waiting both for Santa and for any meaningful news on the Ixian front. I only believe in one of the two promised Advent arrivals and he’s an old guy with a long beard.
67 days ago
A number of readers including a vicar travelling around the Southern Hemisphere have contacted me about OPG Power Ventures (OPG) another apparent scandal dragging the already tarnished reputation of the AIM casino through the mud with mug punters getting another shafting
76 days ago
Ouzo for the Sheriff of AIM! It seems that the Oxymorons at AIM Regulation and hapless Nomad SP Angel of the Mysquar fraud infamy have indeed acted on my exposes and missives of last week. For today 80 Mile (80M), the £30 million shitco run by “colourful” Rod McIllree has ‘fessed in an RNS.
78 days ago
Celadon Pharmaceuticals (CEL), the pot play run by scallywag James Short delisted from the AIM casino arguing that it failed to value the company correctly and that a private company could raise funds more efficiently. After numerous exposes on this website the news, or lack of it, is ominous
84 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.
103 days ago
I discuss Kefi Gold & Copper (KEFI), Ukrainian Young Ladies, Hamak (HAMA), Satsuma (SATS), Nightcap & Brighton City Council, Smarter Web (SWC) and in detail Defence Holdings (ALRT), a monumental short/sell. Plus there is bit of macro babble
105 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!
110 days ago
There is an RNS from Kefi Gold Copper (KEFI) this morning but not what we were hoping for. Funding for Tulu Kapi has not yet been agreed by the banks and Kefi had told us that it would be by the end of this week. Well: tick tock. Tick Tock. Give ‘arry Adams another frigging bonus to incentivize him. Perhaps he has already done his four days this week and is thinking twice about working another for additional pay?
113 days ago
At 7 AM on Tuesday 30 September Kefi Gold & Copper (KEFI) served up interims, sugaring the bitter pill f more crap numbers showing no restraint on boardroom greed at all, by promising that the two banks for sign off on project funding for Tulu Kapi “within the coming week.” What do you think that means?
118 days ago
Once upon a time in the shameful days of Horse Hill which was bigger than Saudi Arabia according to David Lenigas, shares in UK Oil & Gas (UKOG) were more than 10p. Today they have rocketed by 321% to…..0.043p! Every dog has its day. But before folks rush to fill their boots on the back of a hopium packed RNS today, beware that rapacious brokers at Zeus and CMC are already forward booking in the commission funded Ukrainian young ladies: a discounted placing is a nailed down cert.
146 days ago
The Smarter Web Company (SWC) has announced that it has issued another 21 million shares to Shard Capital for it to flog on to its clients under a death spiral which is just bound to drive the shares down. If you look at how the first 21 million death spiral played out even Angela Raynor and her crack tax advisors can figure out the maths and how this plays out.
165 days ago
I am not certain if the FCA is going to do anything about the Touchstone Exploration (TXP) scandal where the company said it had raised £15,375,000 million on May 8 only to fess up weeks later that brokers led by Keen’s Oak Securities had welched and that in fact it had only raised just over £5 million. With Keen making a series of excuses before the final welching, he created a false market and Touchstone’s balance sheet was left holed beneath the water line. Now it gets worse.
194 days ago
Another day and another bookbuild from The Smarter Web Company (SWC)sees it raising another £17,543,942 gross at 295p, call it £16.5 million net after fees and commission for Tennyson, Peterhouse and others with urgent bills from the Ukrainian Young Ladies and Colombian import merchants to pay. So suckers will pay 295p for a fully diluted NAV of, say, 38p. Guess how that works out in the long run! Following the issue the new maths at a $118,545 bitcoin price are:
