margin call

1091 days ago

The trials of John Story – is he the forced seller at Asimilar?

The shock suspension of All Active Asset (AAA), the plaything of foul mouthed troll and penny share huckster Chris Akers, was especially painful for one shareholder – the proven liar John Story as he faced big margin calls in the fraud Zoetic (ZOE). How to meet those margin calls? Well I have established that he is on a lock in at Cellular Goods (CBX) with his 15 million shares. Has he stuck to that lock in? Enquiries continue. If he has sold even one share then he needs to issue a TR1 as he is on 3% and that would be a bit embarrassing given the lock in.

3385 days ago

Igas shares now 30.5p – FFS Piggy Austin: what about the margin call

A year and five days ago Andrew “Piggy” Austin  announced he was buying shares in Igas (IGAS) at 135p sending the stock up to 147p. Sadly that was untrue he made a net £7 million from selling/loaning shares to dodgy Equities First Holdings LLC at 93p. Such dodgy deals always have a level at which there is a margin call. FFS the shares are now just 30.5p

3426 days ago

Shock: IGAS – Rescue Placing in 2015? – The woes of Piggy Austin accelerate

IGAS CEO Andrew “piggy” Austin still has not come clean on his shoddy Equities First Holdings LLC loan/share sale deal – FFS at what price is your margin call piggy? But that is the least of his woes. I reckon that the shares are worth 20p at best (see HERE) but now even his own house broker Canaccord ( yes those mothers of Quenron fame) is flagging up a potential gaping balance sheet issue.

In a note out today Canaccord values the stock at 125p on the basis of a $90 oil price. Wakey wakey mothers Brent is trading at $65 so given the massive operational gearing your research is just bog roll. Why don’t you bring back Kevin Ashton as head of research to get the moneys you employ as analysts to produce something worthwhile? But buried down the note is a section on oil prices. 

3427 days ago

IGAS – Time for Piggy Wiggy Andrew Austin to fess up on EFH margin call

Shares in IGAS (IGAS) now trade at a year low of 49.25p. IMHO they are heading a lot lower – 20p is my target as you can see HERE. But even at the current dismal level the question is “when is the margin call on CEO Andrew Austin’s Equities First Holdings LLC share sale (oops I mean loan) set to kick in?