15 days ago
217 former workers at Milne will not really be bothered as to why their employer has gone bust. They start the New Year in the corrupt Greece of the North, the socialist wannabee republic of Scotland looking for a new job. Is this a sign of worse to come in the housebuilding sector, so beloved of my colleague Malcolm Stacey?
294 days ago
Earlier I suggested that today’s news means that Deepverge (DVRG) is a slam dunk zero and by the time the last rites are read, it is clear that those owed money will not get it all back. And that brings me to fellow AIM POS Microsaic (MSYS) , run by Gerry “the pustule” Brandon, the man who made Deepverge the company it is today. Nigel Burton who is now CEO of Deepverge also sits on the Microsaic board and the two company’s also share a broker: Turner Pope.
486 days ago
Shares in Versarien (VRS) now linger at just over 10p. Just over four years ago they were 182p. Some folks have lost 94% of their money. Many more who believed the promises of jam tomorrow and the outright deceit of boss Neill Ricketts, a man who himself is the largest shareholder having invested a paltry £4,000 for his shares. He has taken out millions in salary, bonuses ( for what FFS?) and by dumping shares as he urged others to buy. So who does Neill Ricketts say is the real victim here? Guess…
564 days ago
David Haggith, the publisher of “The Great Recession Blog” is a cheery fellow. He started his website twelve years ago, shortly after the housing bubble. He invented the term the epocalypse, which stands for ‘economic apocalypse’ that will be epic in scope. You could also call it the second great depression. He says, “For the last two years I’ve been extremely accurate.” The corona crisis brought massive amounts of money printing. The Fed can no longer print enough to support the equity markets. We’re going to have plenty of economic breakdowns and damage. It’s hard for people to grasp the rate of change that is occurring.
2312 days ago
The most excellent Cynical Bear series on the massive issues that Neil "Nomates" Woodford faces and questions he must answer drew to a close yesterday HERE. Now I go further pushing those questions just a bit more, asdking new ones and outlining three scenarions that could see the Nomates empire and all his funds crumble very quickly indeed.
2591 days ago
Death spiral provider Bracknor does not buy shares in companies. It loans the desperate, cash at pound of flesh rates which it then converts into shares at discounted rates and flogs to mug punters. That is the classic death spiral model. But to get such a death spiral away it needs a perception of market liquidity and also to avoid a complete short term collapse of the share price. And that brings us to Advanced Oncotherapy (AVO).
2771 days ago
And there was I thinking that if AIM listed companies had bad news they had to issue an RNS? Well maybe Chris Cleverley has re-drafted the rule book because Northern Petroleum (NOP) seems in no rush to fess up to the impending collapse of its Argentine subsidiary.
2784 days ago
For months and months some of us have stated that Crooked Hillary Clinton has a health issue and have been dismissed as right wing lunatics by the mainstream liberal media. After yesterday's 9/11 collapse are we owed an apology. We aren't getting one. The mainstream press is in denial and is still buying the spin and lies from the Clinton team even as they contradict themselves. But America is not buying it anymore. It's a dark day for the media but a darker day for the loathsome Hillary. What happens next?
2907 days ago
According to Reuters the Mexican Government has revoked six oil licenses because the companies awarded the blocks did not in fact meet qualifying criteria. This appears to wipe out the Mexican asset base of MX oil (MXO). Oh dear.
2929 days ago
As you can see from our coverage HERE I have been a long term bear of Bango (BGO). As far as I can see it is just another jam tomorrow company run by utterly overpaid tossers. But even I am mystified by its share price collapse.
