65 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.
197 days ago
A day away from having to call in the administrators Versarien (VRS) has managed to raise another £425,000 which will keep the lights on for just another three months but it is not with the much touted “strategic investor”. Oh no
220 days ago
I have been a perma bear of Hemogenyx (HEMO) flagging up pig and pork fund raisings, outrageous claims of progress that cannot be justified, executive greed and more. But for some reason I missed yesterday’s calendar 2024 results. Luckily Liverpool’s greatest numbers man since Ken Dodd is on the case and flags up what a total horror show this is. Evil Banksta opines:
431 days ago
748 days ago
In today’s bearcast I discuss ShareStock, VSA Capital (VSA), Optiva, Strix (KETL), TrakM8 (TRAK) and BlueJay Mining (JAY)
862 days ago
In the first half of 2022 Argo Blockchain (ARB) burned cash despite the bitcoin price averaging $37,000. With the bitcoin price higher than it was but nowhere near $37,000 let alone a level that would ensure cash neutrality, the company’s shares were ramped up to 17p on the basis of some low grade pumping. After the pump…
989 days ago
I pointed out a few weeks ago that Predator Oil & Gas (PRD) run by the troll Lonny Baumgardener and the share dealing just ahead of a placing whizz Paul Griffiths was pumping its shares ahead of an inevitable discounted bailout placing. Call me Mystic fecking Meg. So today Predator has raised £2 million at just 5.5p. But this is not just a straight placing. It stinks. With a hat tip to Evil Banksta let me explain.
1012 days ago
Shares in Chill Brands (CHLL), pumped by a spoof-tastic announcement the other day, are now sliding fast. 2+2 =4. The first 2 is that attempted ramping.
1026 days ago
David Budd the, CEO of Genedrive plc (GDR) has been out ramping this week with an RNS that one of its devices has received a preliminarily recommendation for use in the NHS. Not only that but he’s been posting over on the LSE asylum to groom the posters over there:
1074 days ago
Make no mistake, today’s news from Versarien (VRS) is a £5 million dollop of sleaze from the Tories. It also suggests that the bailout discounted placing is coming soon. To what seems wholly corrupt, first.
1128 days ago
On 24 October Vast Resources (VAST) held a GM where shareholders voted to allow it to issue more shares. But fear not, the chairman stated “ It should be stressed that there is no commitment at this time to issue the new equity share capital for which authority is sought, and it remains the policy of the Directors to minimise such issues.” That was deceptive as the company HAD to raise money this month to avoid going bust. Today, as I predicted, came the deeply discounted placing.
1140 days ago
Oh dear, oh dear. This looks awfully like 2021 all over again but can Vast Resources (VAST) manage to side step a rapidly advancing Fat Lady for a second year on the trot. In 2021 auditors refused to sign off accounts for the year to April 30 2021 as Vast was deemed insolvent. Only a massively discounted placing arranged at the last minute avoided a share suspension as accounts must be out by October 31. This year things look worse.
1154 days ago
Nigel Somerville has warned you often enough that sub scale investment in cash guzzling crap company Tern (TERN) was running on vapours. It did not have enough cash to fund its bloated PLC costs let alone to feed the gaggle of perennially loss making companies in which it has invested. So today’s after hours RNS will not shock you.
1256 days ago
Who claims that Bidstack (BIDS) will do a placing? Not that failed fund manager who works in a pizza store, when he isn’t fleeing justice in Greece? On this occasion, it is not just me, but the company itself.
1382 days ago
As I noted here last week, as things stand that hound from the AIM sewer UK Oil & Gas (UKOG) does not have sufficient cash to pay both its liabilities and its commitments and is burning cash like billy-o. Thus, it needs to ramp its shares aggressively to get away yet another discounted bucket shop placing, something that is imminent. And that brings us to Lyin’ Steve.
1593 days ago
Is the sound okay? The arrival of the Mrs and Jayarani means a change of recording location. I start with Peter Brailey’s Predator Oil & Gas (PRD) expose. If the FCA does not come down on director Ron Pilbeam like a ton of bricks we might as well all give up. Then I look at Vast Resources (VAST) – a total bargepole stock where I sniff a deeply discounted placing – then challenge you on two counts regarding Online Blockchain (OBC) before considering Argo Blockchain (ARB) its strangely worded RNS today and whether it will still be solvent on St Ledger’s day.
2631 days ago
Given the lowly market cap of Mayan (MYN) any placing will have to be a heavily discounted bucket shop special. In light of that, investors should take heed of an explicit warning from the City’s No 1 oil analyst Zac “the Knife” Phillips of SP Angel. In an email he writes:
3570 days ago
We warned you two days ago that Independent Resources (IRG) was trying to spoof investors with a bogus announcement in order to get a discounted placing away...it has not taken long, the placing today is a shocker. the FCA and AIM Regulation must investigate.
As a reminder, Independent tried to persuade us that a supplier had accepted payment in shares at 0.6p. The shares were in fact trading at par at 0.1p. The shares raced ahead to 0.3p plus on this spoof (we explain why it is a spoof here). And today the company has raised a pitiful £93,000 at 0.12p which will keep the PLC lights on for just another few weeks.
3585 days ago
Magnolia Petroleum (MAGP) today announced that its sole broker is now Cornhill which means that a deeply discounted placing is imminent. A ramptastic trading statement has spiked the shares by 11% to 0.18-0.23p and that may help but investors need to ask how close is Magnolia to insolvency.
