82 days ago
Kamran Sattar of Portillion dropped me a note on November 3rd to give me a heads up that he was calling a GM to sack the board of Reabold Resources (RBD). This really is like choosing between scylla and charibdis as I explained to him – he has goofed..
555 days ago
Reabold Resources (RBD) now faces a sack the board resolution spearheaded by Donegal’s finest Cathal Friel. Friel has, in various share issuances, poured vast amounts of Euro into the company. He has skin in the game and he and fellow shareholders owning 6.93% collectively want change. They have had enough of failure being rewarded. As you can see HERE, we have exposed the charlatans who run this company before. And in response to the resolution, the charlatans are playing fast and lose with the truth once more. They say:
1196 days ago
Iconic (ICON) has today issued a statement trying to rebuff the demands of 15% shareholder OTT to sack the board. It is a truly dismal statement which, if anything, adds to the case for backing OTT. I wonder which cretin put this cobblers together?
1526 days ago
The Sound Energy (SOU) shareholder action group now has more than 300 members and speaks for 9.5% of the, in my view, almost worthless, equity. At 10% it can call an EGM and seek to oust the board. And if you own any stock in the company I urge you to contact me at [email protected] NOW and here is why….
1588 days ago
Having parted company with toxic David Sefton and Lyin’ James Berwick could things get any worse for Anglo African Oil & Gas (AAOG). With cash very tight and the Fat Lady already gargling in the wings surely not? Well actually yes.
1593 days ago
On January 10 2020 those mad enough to own shares in Plutus Powergen (PPG) have the chance at an EGM to vote to sack the board. The table below is damning and shows why the board must be sacked. Plutus should be for the many not the few. Right now it is not.
1597 days ago
NoGold made the mistake of betting against me on the Election on the basis I did not know what I was talking about. It is time to cough up old boy. I discuss the election, its implications and the market euphoria of today. Then I look at Plutus Powergen (PPG) and its risible defence against a sack the board GM. I urge all shareholders to vote to sack the board.
1630 days ago
Global Resources Investment Trust (GRIT) has finally acknowledged the Richard Jennings sack the board request for an EGM. But it is playing for time, banking unjustified salaries, and fails to grasp why the Align boss has such a strong case. Jennings has now issued a statement which we endorse completely, He writes:
1787 days ago
I start this podcast with a look at some of the shite press coverage of the Woodford scandal today, notably Patrick Hosking in The Times and the Daily Mail. Then it is onto what ios the end game for Neil personally: jail? insolvency of WIM? A lifetime ban from financial services? Another OBE and more tea with his pal David Cameron? Finally I look at Woodford Patient Capital Trust (WPCT) and reach out to fellow shareholders. I wish to call an EGM to sack the board and explain why. can you help me?
1983 days ago
The City's No 1 Oil analyst, Zac "the knife" Phillips of SP Angel spares no-one, except corporate clients like Mosman (MSMN) when he is ordered by evil John Meyer to write shite or get the sack. Luckily Hardy Oil & Gas (HDY) is not a corporate and thus The Knife is at his poisonous best. He opines...
2521 days ago
It really does not make any difference who is steering the Titanic once its hit the iceberg. Its going down. Actually that is a poor image for Magnolia Petroleum (MAGP) - think of a rubber dinghy holed in multiple places and weighed down with a crew who are both heavy - thanks to their grotesque pay over many years - and inept. I am not sure what good it would do firing Rita Whittingham and colleagues as this company will never generate a cent in free cashflow and its balance sheet is a wreck. However...
2892 days ago
Yesterday I exclusively revealed HERE that Teathers Financial (TEA) had told rebel shareholders that if they did not withdraw an EGM request to sack the board, a mystery £1 million investor would walk. Teathers boss Oliver Fattal gave the rebs until 3 PM to pull the request. They declined. Today Teathers has changed its tune. That on its own tells you the board are worse than poltroons and should be fired. I now publish Olly's email.
3105 days ago
PeerTV (PTV) has been a complete disaster story of the AIM Casino. Its first (lack of profits) warning came within weeks of its IPO at 45p per share in December 2010 and in fact related to events prior to the IPO which it had neglected to mention at the time. The shares are now 0.03p. And so it is now time to sack the board at the AGM on Monday. If you own any of the 2.4 billion worthless pieces of confetti in issue here is how to vote and why you should.
3361 days ago
As a company director it is hard to admit that you are wrong. And thus good money is thrown after bad. That is what is happening at Northern Petroleum (NOP) and for shareholders to get anything back the board must be sacked now.
The bottom line is that Northern will be out of cash by Christmas. The board may not repeat its 2013 crime against financial humanity by paying itself a bonus for 2014 but it is expensive. It will preserve its place on the gravy train with a rescue placing which will keep the lights on for another year but will not allow any value to be created for shareholders. And so I propose:
