Personal and undiluted views
death spiral

18 days ago

St James House - disastrous interims part 2 now it's death spiral ahoy

As well as disastrous, red ink soaked finals, St James House (SJH) published its interims, to July 31 2020, today and revenue was up an impressive 51% on comparative interims to £641,000; however, administrative expenses of £874,000 resulted in an operating loss of £567,000. St James House (SJH) was only able to report a profit of £192,000 due to the profit of £759,000 for disposal of Market Access Ops Ltd for consideration of £1.  As I highlighted in my note of February 2020, I struggle to understand why Mr John Botros would buy a loss-making company for £1 as it came with net liabilities of £759,000.

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39 days ago

Zoetic Death Spiral announced as institutions give the fraud a big swerve

On January 28, the fraud Zoetic International (ZOE) announced that it really did not need any cash. That was an outright porky as events today showed. Here is that RNS cherry:

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73 days ago

The death of Iconic labs Part 2 - Who will be holding toxic Dave & the 3 Good Germans to account: the courts, the administrator or EGHOF?

It is only a matter of time before Iconic (ICON) is put into administration and I shall then be one upstanding citizen who contacts the administrator about the conduct of the Good Germans, the three directors who quit on Monday, as well as former chairman and then shadow director toxic Dave Sefton whose private companies have grown rapidly using Iconic’s cash. But I shall not be alone. Death spiral provider EHGOF claims it is owed cash by Iconic and has launched the most explicit broadside at toxic Dave and the Good Germans (John Quinlan, Liam Harrington and Sam Asante) with specific, shocking allegations, and making clear threats. 

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85 days ago

Iconic Labs – how big is the EGHOS debt dispute and why was OTT Holdings kept in the dark?

Cash guzzling POS Iconic (ICON) faces a 15% shareholder wishing to oust the board, OTT, and a legal claim from death spiral provider European High Growth Opportunities Securitization Fund, EGHOF, which it airily dismisses as baseless. It is wrong to do so and here is why.

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116 days ago

Versarien Buys & lies (again) to cover up its monstrous cashburn

Notwithstanding the receipt of an illegal Government loan from Neill Rickett’s Tory chums and the fact that it had one massive death spiral from Lanstead in place, the cash position of Versarien (VRS) has – as oft predicted here – become so grim that it has had to set up another death spiral to keep the lights on. There is also another daft acquisition which will only add to the cashburn and naturally all this bad news is wrapped up in a grotesquely misleading release which only a Nomad as bent as SP Angel, of the fraud MySquar infamy, could have signed off on.

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117 days ago

Low grade Death Spiral Provider Bergen: the love that dare not speak its name, now its Simec which has gone all bashful

I revealed on April 2 how Tertiary Minerals (TYM) had ramped its shares by announcing that it had terminated an utterly usurious death spiral with the spivs at Bergen. How the Bulletin Board Morons lapped it up. Tertiary has refinanced with a new entity which er, if you read the small print, turned out to be Bergen and the new package was a death spiral on steroids. Oh boy how the morons had to lube up for that spoof.

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124 days ago

BREAKING BOMBSHELL EXPOSE: Is Bahamas Petroleum $20m disguised death spiral placing today ILLEGAL?

As a loyal former citizen of the Isle of Man I feel that it is my duty to go to my good friends at its Financial Services Authority on Bucks Hill in Douglas to dob in Bahamas Petroleum (BPC) for apparently breaking the law with its disguised death spiral placing announced today. Crime should not pay. Have they abolished birching for naughty Nomads on the island yet?.

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127 days ago

Ramper James Parsons with an Ascent share purchase which is a sell signal

Ascent Resources (AST) has only avoided a crash landing in tits up alley thanks to the provision of death spiral finance by Riverfort Global and Align Research. Essentially, it has sod all cash, its assets in Slovenia it failed to monetize for eons and some joke Cuban assets. At c6p it is capitalised at c£5 million. Given Parsons’ track record as a pump and dumper and value destroyer, only a total poltroon would buy any shares. So step forward… Mr James Parsons.

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149 days ago

No Turkish Delight from Versarien but a desperate deception to ramp the shares ahead of bailout placing

Versarien (VRS) is not generating any meaningful revenues from graphene. At a PLC level it is almost out of cash & its debt facilities are almost maxxed out. And so notwithstanding the fact that it already has a Lanstead death spiral in place, it needs to get a placing ahoy. Hence a release today which is almost certainly materially misleading if not a slam dunk lie.

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177 days ago

BOMBSHELL: How much, or rather how little, has Versarien made from its Lanstead death spiral?

In March, Versarien (VRS) announced a £6 million funding facility with a supposed institutional investor, Lanstead. Thanks to my work AIM Regulation forced it then to ‘fess that actually, if the shares stayed at 53.3p, it would realise only £5.5 million net. But they have not. So how much has the Neill Ricketts promote actually raised?

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178 days ago

Versarien, Neill Ricketts and sleazy death Spiral provider Lanstead – just who told the biggest lie?

On 23 March 2020 POS AIM promote Versarien (VRS) announced “ subscription to raise £6 million”. Natch the headline was misleading and indeed Versarien was forced to issue a clarification at a later date.  On 16 October the lies started to reveal themselves big time.

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213 days ago

Tom Winnifrith Bearcast: Two matters Versarien needs to come clean on PDQ

In today’s podcast, I look at [email protected] Capital (SYME), Berkeley Energia (BKY), Novacyt (NCYT), Franchise Brands (FRAN) and also at Versarien (VRS), its loathsome boss Neill Ricketts, the death spiral provider Lanstead and what it is not telling us all. 

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376 days ago

Versarien forced to start to come clean on its dodgy death spiral & China financings – a stink regulators MUST investigate

It is like extracting teeth. Getting the proven liars at Versarien (VRS) and the morally bankrupt evil PR spinners at Yellow Jersey, of the Frontera fraud infamy, to tell the truth, the whole truth and nothing but the truth is a nightmare. And we are still not there yet. Today, however, the company has been forced to start to clarify.

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389 days ago

Letter to FCA & AIM Regulation re potential Market Manipulation or Abuse at Versarien

Yesterday Versarien (VRS) announced a death spiral on steroids which will only postpone bankruptcy and will see the share price shredded but the RNS was, I believe, an exercise in market manipulation and market abuse. Only a Nomad like SP Angel of the fraud MySquar infamy, could have signed off on it. I have written to the regulators demanding that, again, they take action

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390 days ago

Versarien & the £6m fund raise which provides not a cent upfront & will raise nothing like £6m - Ricketts lies about cash again

Versarien (VRS) this morning announced “subscription to raise £6 million”. Folks looked at the headline and the shares soared to 31p. Ha! Mugged by Ricketts again! Then they read the release. It is bullshit. Death spiral provider Lanstead is not putting up a cent up front and the total amount handed to Neill Ricketts’ bag of shite company over the next two years could well be well below its monthly cashburn! Ricketts really is the most shameless bullshitter and only scumbags like SP Angel, who took over as Nomad after Canaccord resigned, would sign off on such misleading gibberish which contains one MONSTER lie.

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418 days ago

Tom Winnifrith Photo Bearcast: the flood waters are rising once again, now 2 yards from the Welsh Hovel

I start with the rising flood waters here at the Welsh Hovel, which are now about two or three yards from the bottom step leading to the back door. Then it is onto Coronavirus, where it is starting to sink in as to how bad it could be in terms of fear and our behaviour if not actual deaths. Then onto what filing management accounts means and the question of possible securities fraud at Dev Clever (DEV), which I have flagged up with the FCA today. Then, as per the screenshot below, it is the changing behaviour of Neill Ricketts at Versarien (VRS) and what that tells us about the regulatory hole he is in and why Canaccord quit as Nomad. Finally a comment on Bahamas Petroleum (BPC), its piss poor death spiral and crazy valuation.

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653 days ago

Anglo African Oil & Gas shares tumbling - urgent statement needed on two matters

Having announced a £2.7 million placing at 5.2p and a shockingly bad undeclared related party death spiral to bring in another £5.5 million yesterday shares in Anglo African Oil & Gas (AAOG) are tumbling are are now just 4.4p to sell. An urgent statement on two matters is needed. Firstly:

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654 days ago

EXPOSE: Anglo African Oil & Gas placing - the worst form of death spiral financing in all but name, undeclared related party deal - this stinks

News this morning, as I predicted on this site on Monday HERE of an £8.25 million raising by Anglo African Oil & Gas (AAOG) looks to be a disaster for existing shareholders once again under David Sefton’s watch. 

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655 days ago

Tom Winnifrith Bearcast: the origin of the word bugger, Versarien & AAOG £9m fund raise ahoy!

In today’s bearcast I discuss how and why the word bugger come from Bulgaria, at least according to my hero Paddy Leigh Fermor. I look at Versarien (VRS) and why it will end in tears, report that Anglo African Oil & Gas (AAOG) is trying to raise £9 million at 5p and or via a death spiral, look at Hurricane (HUR), Prospex (PXOG), Grand Vision Media Holdings (GVMH) – as per my prescient piece HERE - Condor (CNR)  and uber dog Premier African Minerals (PREM)

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911 days ago

Frontera’s Zaza is Chamberlain not Churchill – caves to death spiral provider Yorkville – share blizzard ahoy

We shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight them in the law courts. So said Zaza Churchill of Frontera Resources (FRR) last month after his company defaulted on an agreement with death spiral provider Yorkville, failed to hand over shares, lied via RNS and ended up with a legal dispute. Oh well, it turns out that Zaza is not Churchill but Chamberlain after all. And it is not just one little piece of paper that is on the way but billions more pieces of confetti, worthless share certificates.

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943 days ago

Frontera Resources falls out with Yorkville which calls in $2.65m debt – it is fecked, will Nomad Cairn walk?

In the end the chaps at Nomad Cairn walked from Cloudtag (CTAG) when it was clear that it was a fraud run by liars. Frontera Resources (FRR) is a shit show run by liars and a fallout with death spiral provider Yorkville (YA) today could be the final straw for Cairn – might it resign leaving the (worthless) shares suspended? Or will Frontera just go bust?

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962 days ago

Frontera – can you guess the (imminent) placing price?

Grossly overvalued AIM listed piece of crap Frontera Resources (FRR) is running on vapours. It has less cash than your average Venezuelan and is burning it at an alarming rate. Despite the best efforts of disgraced PR man Tim Thompson of scumbags Yellow Jersey PR and the whore blogger, Malcom “Fat Bastard” Graham Wood to ramp the stock, it has more than halved since May 1 and is now just 0.22p to sell. So what price is the looming bailout placing going to be at. You guess in our reader poll, the deadline to enter is midnight tonight:

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1045 days ago

Frontera cant repay death spiral debt so extends it - at a cost and it still has no cash

I wonder how the whore blogger, Fat Bastard himself, Mr Malcolm Graham Wood will explain this away as good news. After all that is what Frontera (FRR) pay him for. In essence Frontera has no cash, is burning cash and had to repay $2.891 million to death spiral provider Yorkville on 16 June. Problemo! 

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1056 days ago

EQTEC - the death spiral provided by a fraudster it gets worse - surely this is criminal negligence by Nomad Northland

On March 8 2018 I revealed how low life Nomad Northland had banked a fat fee for recommending that its client Eqtec ( EQT) take out death spiral financing from a proven fraudster. Worse still, the deal Northland thought fair was bound to destroy the share price as I  explained at the time. Last week it got worse and the negligence of Northland is now almost criminal.

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1085 days ago

Not all "death spirals" are the same - Angus Energy Bergen Deal is truly awful

I have made the point before but do so again that not all death spirals - or alternative structured financings or whatever the MBA phrase is - are the same. Some can actually help the share price. Some really shaft shareholders royally. All are created in a way where the provider cannot lose but some are just usurious. Why, for instance, has Angus Energy (ANGS) agreed to a deal this week with Bergen which ensures that its investors will get so utterly rogered that no amount of lube can ease the pain.

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1088 days ago

UK Oil & Gas blames Tom Winnifrith "leaking" for decision to use a death spiral - bollocks!

The day, that after 28 years as a journalist,, I take lectures on my vocation from a lying toe-rag like UK Oil & Gas (UKOG) boss Steve Sanderson is the day I quit. Lyin' Steve attacked me at his company's AGM and blames me for the death spiral which - along with drilling disasters - has cratered his company's share price.

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1095 days ago

Amur - Pathetic spoof

After 16 years of missing targets and ongoing dilution, AIM listed Amur Minerals (AMC) is still nowhere near actually building its mine in Eastern Russia and still does not have a single institutional shareholder. The only folks who still believe in this stock are mug punter private investors and that means the only funding available is via bucket shops or death spirals. Right now it is the latter and hence the shares are in a steady retreat - right now just 4.5p to sell. At this rate, losing 1p a month, the shares will be trending towards zero by the summer so its time to panic and go into mega spoof.

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1096 days ago

MySquar death spiral accelerating - morons might expect a TR1, I'm not

Having said that it never needed to raise money again when it raised £1.2 million as it committed securities fraud on July 31 2017, MySquar (MYSQ) announced a £2.11 million death spiral deal on March 7 2018. The first £200,000 loan note conversion was announced on April 12 at 1.31p.

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1117 days ago

UK Oil & Gas Death Spiral Scores on the doors - hard data that shouts out something

Hat Tip to the great Waseem for this but after yesterday's death spiral conversion from UK Oil & Gas (UKOG) here are all the death spiral conversions to date. If I was Cynical Bear I would now be offering a prize for anyone who can show the trend. But I am not as I am a mean bastard with a reputation to protect. So here is the data:

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1136 days ago

Eqtec halves its share price thanks to the worst death spiral deal going - arranged with a proven fraudster

I realise that the crony capitalists round at Nomad Northland have a few things on their mind, such as who will pay the wages this month, but how on earth can they have signed off on the worst death spiral deal I have ever seen where the counter-party is a man who the SEC nailed for "defrauding investors." I despair.

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1137 days ago

Tom Winnifrith Bearcast: MySquar & UKOG - spot the difference: not all "death spirals" are the same

In today's bearcast I start with a reader complaint but then he is a tosser so who cares? Then it is onto looking at the differences between the funding facilities at UK Oil & Gas (UKOG) and MySquar (MYSQ). I am bearish on both but the differences in the two packages are instructive. I look at Nature Group (NGR), Jim Mellon's uber-ramp FastForward (FFWD) and at Purplebricks (PURP) is the Neil Woodford bubble about to burst again, as even former supporters like Paul Scott admit my analysis was right and theirs wrong.

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1137 days ago

BREAKING: Fraudsters MySquar gets death spiral finance from proven liars - whatever

Today's death spiral funding for MySquar (MYSQ) is bad enough as I explained HERE. But now let's look at who is providing that funding - I'll tell you who: proven liars. Natch Nomad SP Angel should have flagged this up but since it is prepared to overlook brazen securities fraud as long as it banks another retainer for the coke & hookers fund, we know that it is morally bankrupt. Anyhow back to the liars now in business with the holocaust denying fraudsters of MySquar.

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1137 days ago

Holocaust denying fraudsters MySquar in death spiral shocker - despite saying would never need to raise funds again - Part 1

When MySquar (MYSQ) misled investors to get away a £1.2 million fund raise in on July 31 2017 it said it would never have to raise cash again. Well it did not take long for a change of mind from the holocaust denying fraudsters did it? And this fund raise  announced today is dodgy as hell, yet another mega red flag. So lets go through the lies and spoofs in order up to the latest spoof.

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1186 days ago

Exclusive: Tern turns down £1.1 million at 2p - prefers death spiral

Shares in Tern (TERN) are today off by 9% at a 2.75p offer after news of the latest conversion of death spiral loan note. There is more on that to come and that may well see the shares fall sharply from here. But there was another route.

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1194 days ago

UK Oil & Gas - more death spiral confetti issued, now at just 2.69p

Lube up morons, another £500,000 tranche death spiral loan has been converted into shares in UK Oil & Gas (UKOG). As time goes on this exercise is becoming ever more painful for the morons who own this stock.

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1222 days ago

UK Oil & Gas plays fast and loose with AIM disclosure rules AGAIN

At no-one is warching O'clock yesterday, 5.17 PM, Uk Oil & Gas (UKOG) announced that the fourth £500,000 tranche of death spiral loan notes had been converted into shares. Once again it was sticking two fingers up to AIM Regulation with regards to timely disclosure.

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1226 days ago

Tom Winnifrith Bearcast: UK Oil & Gas today shows why a death spiral is a one way bet (down!)

Uk Oil & Gas (UKOG) today provides a case study in death spiral share price destruction. The only question wis whether the provider converted another tranche a few days ago and UK has not bothered to tell us or whether it converted today and is already selling hard. Elsewhere I look at the Tony Baldry car- crash on the way at Wesztminster Group (WSG) and try to put director share purchases at Condor (CNR) and Concepta (CPT) - which we own - into perspective. I look at Yolo (YOLO) which does not impress me much and blockchain madness at Vela (VELA). I ask what I should get the Mrs for Christmas, I am out of ideas.

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1228 days ago

UK Oil & Gas death spiral conversion announced but this is misleading, numbers dont add up

UK Oil & Gas (UKOG) has announced that another £500,000 of death spiral loan has been converted into shares, 14,159,092 of them. But hang on, this does not add up. UK Oil & Gas and its patsy Nomad WH Ireland (WHI) are not telling you something.

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1229 days ago

Waseem Shakoor predicts UK Oil & Gas shares to fall to just 0.6p

Well, the trend is his friend. The shares are now just 3.6p to sell having been c5p when the company announced it was entering into a £10 million death spiral. But Shakoor reckons the bad news is only just starting. Last night he tweeted:

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1232 days ago

Top broker calls Bushveld at 7.625p down to 2p

In a private email sent today after interim results from the rampers favourite B ushveld Minerals (BMN)  a top broker has called the shares out a s slam dunk sell at 7.625p arguing that they are worth only 2p and that the current death spiral funding will run out soon. He writes:

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1232 days ago

Tom Winnifrith Bearcast: Milestone, On Line, Tizania - the lunatics have taken over the AIM casino asylum

Luke Johnson was bang on the money at the weekend in his description of the current market madness. In that vein I discuss Milestone (MSG), On Line (ONL), Vela (VELA) and Tizania (TLS). This will end in tears.  I take my hat off to Luke Johnson after today's results from Patisserie Valerie (CAKE) but still have two major concerns, a three if you include valuation.  I look at Andalas (ADL) and its new death spiral funding and also cover Kefi (KEFI) and Falanx (FLX)

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1232 days ago

UK Oil & Gas - the Death Spiral Provider isn't daft, another tranche converted late Friday

The providers of £10 million of death spiral finance for UK Oil & Gas (UKOG) are not daft. When this last resort funding was announced on 15 November they were initially on the hook for £7.5 million. That is a fair old whack and not surprisingly they are moving fast to reduce that exposure.

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1242 days ago

UK Oil & Gas shares down by 20% after just 5% of death spiral drawn - slam dunk short

There were those, such as our own Drunken Sailor, who argued that UK Oil & Gas (UKOG) could manage to absorb the rolling short of a £10 million death spiral announced last week quite easily and it would not hit the share price. The evidence with just 5% of the spiral drawn suggests otherwise and this makes the stock a slam dunk short.

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1246 days ago

Tom Winnifrith Bearcast: More reflections on UKOG & Falanx as I pine for Greece and the fit young mums

Sadly illness is still rife in this house so for this Thursday it is no coffee for me with the fit young mums. At least I shall be in Greece in five days time and that must be restorative to my health. In this podcast I start by looking back on UK Oil & Gas (UKOG) and its death spiral. I explain exactly how it works. Then a few further thoughts on Falanx (FLX) and why I am not selling our shares at this price. Then I look at Alexander Mining (AXM), another mega spoof from Clem Chambers, this time at ADVFN (AFN),  at "Nomates" disaster RM2 (RM2)Fishing Republic (FISH) - a good zero bet -  and at Regal Petroleum (RPT) which seems to be in a spot of bother in Ukraine.

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1249 days ago

Tom Winnifrith Bonus Bearcast - UK Oil & Gas admits it needs to frack as death spiral announced : SELL

UK Oil & Gas (UKOG) has today announced a £10 million death spiral and some bad operational news. Natch the BB Morons are clinging to various spoofs in the release which I point out in this bonus podcast as well as explaining why these shares are now a slam dunk sell.

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1338 days ago

AIM Dog Servision: another warning and it is death spiral and dilution frenzy ahead

When serving up god-awful FY numbers on deadline day ( June 30th) it was shown that uber dog Servision (SEV) had serially misled investors and indeed told outright lies over the prior half year. Rover also served up its second profits warning in two weeks with the god-awful numbers and 'fessed up "Our working capital position is tighter than we anticipated" - I should cocoa. Today it got worse.

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1343 days ago

Jubilee Platinum deal with Riverfort - death spirals so bad right? NO!

Jubilee Platinum (JLP) last week announced a $50 million funding package to grow its metals recovery business. Oh no Riverfort! Said the snipers. Death spirals, yak, yak, yak. They have it wrong. This deal is, if you read the detail, good news.

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1370 days ago

Advanced Oncotherapy - is that the whiff of panic I smell at death spiral provider Bracknor?

Shares in Advanced Oncotherapy (AVO ) are again tumbling on this fine summer's day. Oh what joy it is to be alive. 350p at peak ramp less than two years ago, they are now just 10.75p to sell. Ouch, I just love the smell of burning share certificates belonging to Bulletin Board Morons in the morning. So what crisis looms? Take your pick.

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1382 days ago

Advanced Oncotherapy - the ramps become ever more pathetic - today's reeks of desperation

The stench of desperation at AIM POS Advanced Oncotherapy (AVO) is overpowering.It knows that insolvency looms, that the money is running out fast ( within weeks?) and that a blizzard of share sales from death spiral provider Bracknor will obliterate the share price in the last few days. The board know it. The advisers must know it. But they cannot bring themselves to admit it. The pretence goes on for a while yet. And thus today we have an RNS.

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1386 days ago

Not all alternative financings are death spirals - the case of Red Rock Resources

The other day Red Rock Resources (RRR) announced a deal to fund the Steelmin smelter in Bosnia which involved some alternative financing from Yorkville. At once the critics of boss Andrew Bell - of whom there are more than a few - screamed "death spiral, dilution, the man hads gone mad." A few critics disagreed, arguing that Bell had always been mad. But perhaps before leaping to conclusions it is worth looking atnthe actual structure of the deal?

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1405 days ago

Advanced Oncotherapy – the stench of desperation as the shares crash

Shares in doomed Advanced Oncotherapy (AVO) are now 15.25p to sell, compared to a 25p nominal price. That means that as death spiral provider Bracknor desperately tried to convert c£3 million on loan notes into shares to flog to eliminate its exposure under the spoof arrangement with Advanced it will demand fees of 40p for every £1 of loan note converted. As it scrambles to convert notes and flog shares before the fat lady waddles onto stage from the wings (where she is already warming up), the share price will continue to tank making things even worse. So what to do?

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1410 days ago

Advanced Oncotherapy: Bracknor Death Spiral news - this is a sham & 0p beckons fast

With its hand forced by my article HERE, Advanced Oncotherapy (AVO) has clarified, i.e. changed, the terms of its death spiral deal with loan sharks Bracknor. It states "This reaffirms Bracknor's prior and on-going support for the Company and its shareholders." Dr Michael Sinclair you are talking bollocks. It has changed a death spiral to a death spiral on steroids. 

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1458 days ago

Making Structured Finance Work!

Co written with Brian Kinane: It’s a bloody death spiral - sell! That seems to be the standard response to an announcement that an AIM company has raised cash via a structured financing plan rather than a, often deeply discounted, placing. But that "truism" is a falsehood. Some structured financings are death spirals, bad news for all bar the provider. Others, however, are put together in a way that only work if the share price rises. And that, surely, has to be better than a deeply discounted placing to bucket shop flippers?

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1483 days ago

Yet another Cloudtag Countdown clock - how long till the Fady Lady sings?

If no Nomad is prepared to act for the FRAUD Cloudtag (CTAG) then its shares, now suspended, will be booted off the AIM Casino. No AIM = no death spiral funding so it will - very soon - run out of, other people's cash, and will go bust. But the first step is being booted off AIM. And, inspired by liar Amit Ben Haim, we have a useful countdown clock until that ouzo moment. Enjoy.

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1483 days ago

Advanced Oncotherapy - back at 31.5p - is Bracknor dumping or spoofing today? Timber!!!

It is just eight days to the GM of Advanced Oncotherapy (AVO) where shareholders are being asked to approve the issue of gazillions of new shares for the Bracknor death spiral. Since the alternative is going bust within weeks if not days then the result is a gimme although I intend attending - as the owner of 1 share - to ask some searching questions. But the collapse in the share price - the stock is now 31.5p mid, 30p bid tells you there are even bigger issues and that Advanced is, quite possibly toast whatever.

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1484 days ago

The video that will nail Amit Ben Haim as a 100% liar when the fraud Cloudtag goes Bust

Well fraud fans, the first day of reckoning for the shabby fraud that is Cloudtag (CTAG) looms. If it has no Nomad in place by Monday night next week then its shares will be booted off AIM. Unable then to raise even death spiral funding and with no sales it will go bust pretty quickly. If it was not already close to going tits up it would not have attempted that last gasp discount placing with broker Novum. So, as no Nomad will sign up to act for an obvious fraud the Fat Lady is waiting in the wings. When this does go bust the video below, recorded with morally bankrupt rampers for hire Proactive, should be examined very closely by the Serious Fraud Office as it is damning..

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1484 days ago

Tom Winnifrith Bearcast - Terror attack on London Edition

Clearly this is the story of the day. I reflect on this from various angles. I then move onto Franchise Brands (FRAN) shares in which surged 16% forcing a suspension. No insider dealing here guv, walk on, walk on. Then it is onto Bowleven (BLVN),  Yolo (YOLO), Starcom (STAR) which I may have called Starvest but I meant Starcom, Van Elle (VANL), Nyota (NYO) and finally the uber dog Advanced Oncotherapy (AVO) which is in freefall. Hah! Death spiral shylocks Bracknor your spoof is not working is it! On the subject of terror I mention that evil bastard Martin McGuinness.You should not speak ill of the dead but for this unapologetic murderer  and for those in the media who praise him as a good man I make an exception HERE.  Mr McGuinness was a wicked man who sought no salvation in apology and repentance and, if there is a hell, his soul is right now burning at the heart of it. 

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1486 days ago

Is Bracknor spoofing investors to postpone the collapse of the Advanced Oncotherapy death spiral?

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).

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1491 days ago

Is Hardman Research hiring LSE BB Morons to pen its worthless reports - ref the dog Advanced Oncotherapy

Advanced Oncotherapy (AVO) is, as you know, utterly desperate to create buying interest in its shares so that death spiral shysters Bracknor can dump £13.7 million of equity onto the market over the next year. That is not going well and so Advanced today boasts that it has paid investment analyst prostitutes for hire, Hardman, to publish a glossy note. This report is so unbelievably unbalanced that I can only assume that Hardman outsourced the work to the Bulletin Board Morons on the LSE Asylum. Folks can see through this shite and the shares are down by a penny at just 40p bid which is very bad news for Advanced as explained HERE.

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1498 days ago

Advanced Oncotherapy forced to fess up on Death Spiral Provider Bracknor & Short selling

Heading to zero, serial liar Advanced Oncotherapy (AVO) has today called a GM to approve the issue of a blizzard of shares to obliterate its share price via death spiral. More on that later but the documentation throws up another issue other than the lies refered to earlier HERE, why will Advanced NOT come clean on short selling by death spiral provider Bracknor.

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1498 days ago

Advanced Oncotherapy - here is a lie it published ahead of that last placing, and another on placing day

Advanced Oncotherapy (AVO) has today called its GM to approve the issuance of more shares to feed the Bracknor Death Spiral - more on that later for the document is, like the company, a joke. But first lets go to a big fat monstrous lie it told last year to help get that bailout placing away in September.

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1500 days ago

When you know a company is finished - sentiment on a Bulletin Board: ref Advanced Oncotherapy

Shares in Advanced Oncotherapy (AVO) are sliding again today. Last time I looked they were 32p bid and they are heading rapidly towards the 25p mark at which point Bracknor will not be able to forward sell/convert loan notes as explained HERE without GM sanction. Thus the loan shark death spiral provider - which is pro tem exposed to the tune of well over £1 million will be flogging shares as fast as it can. Meanwhile Advanced just won't answer my 16 questions HERE. But there is something else going on which you can see if you check out the Bulletin Boards and it is quite remarkable and shows this company is toast.

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1503 days ago

Advanced Oncotherapy - Death Spiral accelerating, what about the 25p hurdle?

When AIM uber dog Advanced Oncotherapy (AVO) announced that instead of going for non dilutive funding ( as no-one would provide it) it was being forced to resort to a dreadful £13 million death spiral from loan sharks Bracknor, its shares were 65p. When the death spiral started the shares were 58p. Now it just £100,000 of the death spiral loan notes on the first £1.3 million tranche converted, the shares are just 43p to sell. Bracknor now has three reasons to panic.

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1509 days ago

Advanced Oncotherapy share slide accelerates as the death spiral dance moves up a gear

Advanced Oncotherapy (AVO) the company with sod all cash, that is a cash guzzler, with no sales and which has persistently misled both investors and customers has moved up a gear with its death spiral funding and the shares have fallen again to just 49p to sell. Boy how sleazey former director, the Blair crony, Lord Evans of Watford must be glad that he dumped all his shares at 120p just ahead of the last big placing and during a closed period. And there has been no sanction at all. Bully for him. Now back to the death spiral.

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1510 days ago

The broker that raised £10m for Advanced Oncotherapy downgrades its stance on the dog to hold - damning note

If you had raised £10 million for the AIM dog Advanced Oncotherapy (AVO) less than 5 months ago at 100p then your stance on the stock - at 54p-58p- would be some sort of buy. Oh no. broker Beaufort who did indeed raise that cash has today downgraded its stance to, what may be termed a corporate "hold" (i.e. sell) and makes it clear that the shares will fall allowing lower entry points. I should cocoa. Beaufort today opines after the Bracknor death spiral announcement of Friday - the underlines are mine:

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1512 days ago

Advanced Oncotherapy - The Death Spiral dance begins....timber!

Having promised "non dilutive funding" ad nauseam, on Wednesday AIM listed POS Advanced Oncotherapy (AVO) announced a £13 million death spiral funding with are shylocks Bracknor. On Friday it drew down tranche one and promptly served up another dose of smoke and mirrors for punters. The death spiral dance is now underway. Advanced announced that:

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1512 days ago

Advanced Oncotherapy: Metric the £11 million black hole and insolvency by March 31?

Yesterday I pointed out how the £13 million death spiral Advanced Oncotherapy (AVO) had signed with loan sharks Bracknor would see its share price collapse. It should but there is worse news in store - that of insolvency looming in just five weeks time. Insolvency you say? What are you talking about? Let me explain.

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1514 days ago

Advanced Oncotherapy - the Bracknor Death Spiral explained Part 2 - this is just so bad, it is awful.

I have noted before that some death spirals are in fact a decent way for companies to raise cash, cheaper and less share price destructive than a bucket shop placing. But the Bracknor deal announced today by Advanced Oncotherapy (AVO), which had promised non dilutive funding but clearly does not mean a word it says, as I explained here earlier, is a total rotter. It will crater the share price as Bracknor makes a killing. Let me explain why.

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1514 days ago

Advanced Oncotherapy announces death spiral Part 1: Will it apologise for misleading investors on that one? And is Metric loan now off?

Serial misleader and worthless bag of AIM listed shite Advanced Oncotherapy (AVO) today announced that it has secured death spiral financing for £13-26 million from the lowest of the low DS funders, Bracknor. That is bad enough and will see the shares forward sold to buggery, as I will outline in a separate piece. What is worse is that it exposes Advanced for again misleading investors.

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1536 days ago

Andalas train wreck results (it is bust) and possibly the most expensive death spiral in AIM history

Andalas Energy (ADL) is bankrupt but pretends that it is a proper company. Anyone reading train wreck interims to October 31 2016 can only wonder why its directors have not been charged with trading whilst insolvent. It's a total rum and coke but it gets worse.

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1559 days ago

Open letter to Cairn: after shock video exposes wholesale Cloudtag lying you must quit NOW

Hapless Nomad Cairn has so far refused to resign as adviser to the AIM fraud Cloudtag (CTAG) despite incontrovertible evidence of house it has misled investors with RNS statements that are outright lies throughout 2016 and in doing so has committed blatant securities fraud. Today's shock video from CES where an Onitor spokesman admits that there is no release date yet is surely the straw that breaks the camel's back in that it directly exposes as a lie every statement made in November & December about 2016 sales that was used to get away a £4.1 million death spiral fund raise. I have written to Tony Rawlinson & Liam Murray at Cairn and cc'd in that useless poltroon Marcus Stuttard, head of the oxymorons at AIM Regulation demanding a statement and action.

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1575 days ago

Cloudtag - was the EGM approval for share issuance invalid? How can Nomad Cairn not quit NOW?

It seems like an eternity of lies ago but the EGM of AIM fraud Cloudtag (CTAG) was in fact just 11 days ago and at that meeting shareholders approved two motions relating to share issuance that allowed the L1 death spiral to go ahead. But they were lied to.

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1581 days ago

LGO - After the pump the inevitable dump

Having ramped its shares up to 0.15p by pretending that the refinacing of its bank debt was by anything other than a death spiral and with some huffy puffy claptrap about new drilling, LGO Energy (LGO) got back to what it does best today, a placing to dilute yet again.

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1581 days ago

Lucian Miers writes to AIM Regulation re forward selling by L1 and Cloudtag market abuse

Bear raider Lucian Miers has again challenged the Oxymorons at AIM Regulation to take swift and firm action against Cloudtag (CTAG) for market abuse but has also raised the issue of forward selling by death spiral provider L1 Capital. This is effectively running a naked short and should thus be illegal. Miers writes: 

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1589 days ago

LGO Energy signs up to death spiral and its shares surge... whatever

Shares in LGO Energy (LGO) have raced ahead by 33% to just over 0.14p on news that the company has signed up to a new uber expensive death spiral. Truly some folks just do not get why death spirals are called death spirals. But every cloud has a silver lining: the cash means that LGO can repay French banksters BNP Paribas.

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1599 days ago

Waseem Shakoor explains how a death spiral works for rubbish AIM Companies

The great bear raider is a charitable soul and is doing his very best to explain to Cloudtag (CTAG) owning morons how death spirals work for frauds like the one they are invested in. What a nice guy Shakoor is, spending his valuable time educating the (soon to be) poor and stupid. Give the man a bloody knighthood for services to the intellectually challenged. Saint Waseem explains thus.

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1599 days ago

Death spiral explained in graphic detail for Cloudtag shareholders and other morons

Thanks to @MarkTaber_FII and @WShak1 for the link. This explains how a death spiral wipes you out. Please take note investors in Cloudtag

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1606 days ago

CloudTag – just how secure is that death spiral funding package?

We wait patiently for AIM-listed Cloudtag (CTAG) to get its fitness device off the production line - if either actually exists. Then it can meet the $5.2 million guaranteed order during 2016 from Second Chance which has morphed into what looks more like an £880,000 expression of interest which might lead to sales some time this year or next, if ever. Until then we can rely upon the death spiral funding package announced on 7 November to keep the company from taking a one-way trip to the corporate knackers’ yard. Or can we?

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1606 days ago

Cloudtag - another Red Flag as death spiral panic sets in but is God now onside?

With Cloudtag (CTAG) now reliant on death spiral funding it is engaged in a desperate battle to create retail demand for its shares in order to soak up the wall of death spiral selling. The announcement of clear non events is a sign of that panic. And so meet Mr David He.

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1615 days ago

Waseem Shakoor warns on Cloudtag as death spiral financing confirmed

Cloudtag (CTAG) has today confirmed that net proceeds of £1.44 million on its recent financing have been confirmed as arriving and as such has revealed the financier to whom loan notes are being issued: L1 Capital Global Opportunities Master Fund. Bear raider Waseem Shakoor now points out why this is such terrible news. Waseem writes:

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1755 days ago

African Potash shares crash - next stop 0.3p as exercised warrants are dumped, then onto 0p

Death spiral providers Bergen are vultures. They are not nice folks. They are not long term investors. But they are not dumb either. They know that shares in African Potash (AFPO) are set to crash and so today Bergen has exercised 63.7 million warrants at 0.3p under some old deal it had. Oh dear. The shares will be admitted to trading on Wednesday but Bergen won't be waiting for then. Oh no.

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2006 days ago

Tuesday Caption Contest - Useless Nomad Roland "Fatty" Cornish Edition

By now it is clear after the numerous scandals at New World Oil & Gas (NEW), Gate Ventures (GATE) and so many others that we’ve forgotten, that Roland “fatty” Cornish is officially London’s worst Nomad. His latest triumph is to allow shares in Golden Saint Resources (GSR) to continue to trade even though the company is insolvent and its Richard "Gollum" Gill crowd funded debt death spiral has only raised MINUS £1938.50.  To celebrate this walking disaster story we have another caption contest. Don’t hold back…there is a prize.

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2006 days ago

Golden Saint Resources Live Execution Update Day 11 – Guess what?

You will remember that AIM POS Golden Saint Resources (GSR) is out of cash and is burning cash at up to £200,000 a month. It is insolvent. Its Nomad Roland “fatty” Cornish is too busy thinking of his next five course lunch to push the company on this and have the shares suspended pending clarification. When this goes tits up, his failure on this point will be raised with AIM Regulation. But at least there is the crowd funded debt death spiral to raise £250,000 which is now 11 days into its 90 day campaign, there to save Golden. How is it doing?

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2008 days ago

Golden Saint Resources Live Execution Day 9 – Gollum covers up how investors spoofed

It goes without saying that there live execution of insolvent AIM listed POS Golden Saint Resources (GSR) via a crowd funded debt death spiral is not going well. The past 24 hours has seen another £0 raised meaning that on day nine net proceeds are still MINUS £1938.50. But an eagle eyed reader has flagged up a weekend change, as CrowdforAngels tries to cover up how investors are being spoofed.

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2008 days ago

Golden Saint Resources Live Execution Deathwatch day 8 – How Gollum has cursed Crowdforangels

It goes without saying that the scoreboard was not exactly rattling yesterday at the live public execution crowd funded death spiral of Golden Saint Resources (GSR). Is that because Golden Saint is an insolvent POS or because the crowd funder crowdforangels has been cursed by having the congenitally imbecilic Northern Slum refugee Richard “Gollum” Gill on board as its compliance officer? Or both. As it happens…

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2011 days ago

Golden Saint Resources Live Crowd Funded Execution day 7 Update – Guess What?

It is all action at crowdforangels, the crowd funding operation which asked for trouble when it hired as its compliance officer, Northern Slum refugee and prize tool Richard “Gollum” Gill. Six days ago it set out to raise £250,000 in a crowd funded debt death spiral for AIM listed insolvent POS Golden Saint Resources (GSR). The big news from the last 24 hours is….

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2012 days ago

Golden Saint Resources Live Execution Watch day 6 – Oh Dear. And now David Lenigas wants to follow suit

The public execution of insolvent AIM listed POS Golden Saint Resources (GSR) gets more gripping by the day. 24 hours ago ( day 5) the company had raised £300 from mug punters and £800 from staff at crowdforangels including imbecilic compliance officer Gollum, meaning that the net proceeds of this crowd funded debt death spiral were still MINUS £1938.50. Today the total raised is…

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2013 days ago

Golden Saint Resources Live Execution Update – day 5 – Time for fatty to suspend shares pending clarification

Today is day 5 of POS AIM listed Golden Saint Resources (GSR) attempt to avoid insolvency with a £250,000 crowd funded debt death spiral. As we noted on Sunday (HERE), £800 has been chipped in so far by employees of crowdforangels including its imbecilic compliance officer Gollum (HERE). So how much has been raised on day 5? And just how insolvent is the company? Er..

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2014 days ago

Golden Saint Resources Live Execution Update – day 4 – not good news for Gollum

Today is day 4 of POS AIM listed Golden Saint Resources (GSR) attempt to avoid insolvency with a £250,000 crowd funded debt death spiral. As we noted yesterday, £800 has been chipped in so far by employees of crowdforangels including its imbecilic compliance officer Gollum (HERE). So how much has been raised on day 4? Er..

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2015 days ago

Golden Saint Resources Live Execution Update Day 3 - The Curse of Gollum revealed

Another day gone and things look even grimmer in the execution chamber as we watch the public death of AIM POS Golden Saint Resources (GSR). Still only £1100 of the £250,000 needed has been pledged which means that – after costs – three days of the crowd funded debt death spiral has realised a net MINUS £1,938.50. But I am afraid the true picture is EVEN WORSE than that. Moreover…now it is time to meet Gollum, the mastermind behind this fiasco.

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2016 days ago

Watch the Golden Saint Public Execution Live Update – Crowd Funding Net Proceeds now MINUS £1938.50

This gets more hilarious by the day, the slow public execution of Golden Saint Resources (GSR) as it endeavours to secure £250,000 via a crowd funded convertible debt death spiral. On day 2 the net proceeds so far are MINUS £1,938.50.  Death ahoy. The hard maths are just appalling.

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2017 days ago

Golden Saint – pure comedy as it launches a crowd-funded death spiral. Sell

We have already flagged that AIM-Cesspit POS Golden Saint Resources (GSR) was out of cash HEREToday we find that despite pre-placing ramps (see HERE and HERE) it appears that it is out of friends too. This morning, it appears that the company could not even get a keep-the-lights-on placing away, and has had to turn to a death spiral. Except that it could not even go to any of the usual players there either, turning instead to crowd-funding. And to cap it all, this funding round has not yet been completed – today’s RNS simply announces of its launch. This is a slam-dunk sell.

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2718 days ago

Alecto Minerals – a totally misleading announcement from a desperate firm

Alecto Minerals (ALO) wins today’s prize for the most misleading announcement from the AIM Cesspit with an RNS headlined “”£1 million placing and funding arrangement”. Has Alecto just secured an additional £1 million? Like hell it has. And is it “pleased to announce” this deal. Also like hell it is. It is desperate for cash and this is really last gasp death spiral stuff.

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2720 days ago

Caza Oil & Gas – Announcement Today is Pure Bollocks

http://www.shareprophets.advfn.com/views/2323/caza-oil-gas-announcement-today-is-pure-bollocks

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