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" target="_new">How can the FCA NOT investigate the share price movement of Supply@ME Capital?

Don’t all start sniggerinng but the FCA is charged with ensuring that markets for shares remain orderly. In light of that I ask you to consider the case of Supply@ME Capital (SYME) on the main market, a company that is a fraud, run by a liar and is technically insolvent. In a normal world the FCA would have suspended trading in its shares because Supply is a fraud, run by a liar and is insolvent, but the FCA is useless. However…

148 days ago

Gold up Ariana down

I was lying in bed last night wondering where Ariana Resources (AAU) would have been had it not paid out a 1p per share special dividend. My guess is that with hindsight it was an error and that the shares would not be at 2.05p plus 1p but at closer to 4p. It would have more institutional support and fewer niggling concerns about financing.

148 days ago

Tom Winnifrith Bearcast: no need to own retail or oil shares at all

https://shareprophets.com/views/78027/tom-winnifrith-bearcast-no-need-to-own-retail-or-oil-shares-at-all

148 days ago

Video: Skinbiotherapeutics FY Results Presentation

The only Geordie I wish to see on video is called Cheryl. Sadly, she is not the boss at Skinbiotherapeutics (SBTX) as she’d be far less likely to arrange financings with proven fraudsters than Stuart Ashman. Anyhow Ashman and his grossly overpaid FD Manprick have recorded the video below. Notwithstanding this company’s management, I continue to regard the shares, at 16.75p, as very cheap and perfectly capable of trebling or indeed being a six bagger within 18 months. Enjoy. Or should that be, endure.

149 days ago

Oracle Power: for all of the Lenigas ramping look where we are now!

On 27 November I flagged up how David Lenigas had picked a fight with me on twitter to distract from his utterly shameless ramping of shares in Oracle Power (ORCP), then 0.033p.

149 days ago

BREAKING: Amazing Morepen video, the truth about Skins share sales, FYB with Optibiotix

It is not the big story but Steve O’Hara has confirmed he has a sell order in on Skinbiotherapeutics (SBTX) shares. It’s been there for a while and shares are only sold inn small volumes on up days. Those who think that Optibiotix (OPTI) is either the only seller or a big seller are kidding themselves. On some days in recent weeks O’Hara has accounted for c6% of volumes on most days it has been nil.

154 days ago

Four Critical signs that Oracle Power is lining up a deeply discounted bucket shop placing

Anyone buying shares in Oracle Power (ORCP) right now at 0.0325p deserves to have their trousers taken down They are just asking for it and here are the four reasons why.

154 days ago

VSA Initiates on Panthera at 7.5p, BUY target 40p

https://shareprophets.com/views/77948/vsa-initiates-on-panthera-at-75p-buy-target-40p

154 days ago

Has nobody explained to Versarien owning gerbils what an RNS reach is? Nonsense deal announced

I would ban RNS Reach announcements. These are announcements that are not deemed by a Nomad or advisor to be price sensitive, ones that do not flick the revenue dial more than an iota. So, they cannot go out as an RNS but must be a Reach, a marketing communication. Thus, companies such as Versarien (VRS) use them to ramp the shares with non news, believing (rightly) that their investors are too stupid to know what is going on.

154 days ago

Wishbone Gold places again – what on earth is the point? Do the maths...

Surely, as Wishbone Gold (WSBN) shares head ever more rapidly towards 0.1p par, it will be time for yet another share consolidation? Because today’s placing raising £250,000 gross at 0.2p will not be the last, it is just one of so many that I have lost count.. Wishbone really has issued new shares more times than I have had inappropriate thoughts about Cheryl Cole.

154 days ago

Celadon, if this is true the company will blow up

https://shareprophets.com/views/77916/celadon-if-this-is-true-the-company-will-blow-up

154 days ago

SkinBioTherapeutics – why it should revise its segmental analysis

I am trying to be helpful and I think that shares in Skinbiotherapeutics (SBTX) are very cheap as explained HERE. However…

154 days ago

Cavendish on Skinbiotherapeutics: God save us from Ashman as his M&A hunger is not sated

Skinbiotherapeutics (SBTX) is very simple. If you believe that Croda could deliver £25 million GP or anywhere close to that as CEO Stuart Ashman has intimated the shares are stupendously cheap at 17.75p. Ashman needs to do nothing apart from deliver other corporate deals and more GP from his existing IP and no more shares need be issued. Hell’s teeth why issue shares now or indeed at twice or three times the price given that on Ashman’s Croda numbers the shares could easily be 100p or even 200p! But Ashman is a git.

154 days ago

Amaroq – now that is what I call a placing: Buy at up to 90p and the shares to double from there

The shares were 87p at the close valuing Amaroq Minerals (AMRQ) at £285 million. Then came the news, a proposed placing raising £20 million at 86p. It was largely underwritten, including the directors putting in £2.1 million, and we now discover that it was massively oversubscribed and £27.5 million was raised. Almost no discount, real boardroom support, not that much dilution, that is what you call a real placing by a quality play.

154 days ago

Argo Blockchain End Game: the bond markets tell you that the shares are worth 0p, big moves in the past few days

https://shareprophets.com/views/77874/argo-blockchain-end-game-the-bond-markets-tell-you-that-the-shares-are-worth-0p-big-moves-in-the-past-few-days

154 days ago

OptiBiotix Health – poorly-produced “Launch of Dr Morepen” announcement but the potential compelling, Strong Buy

https://shareprophets.com/views/77871/optibiotix-health-poorly-produced-launch-of-dr-morepen-announcement-but-the-potential-compelling-strong-buy

155 days ago

Tom Winnifrith Bonus Bearcast: Amaroq the AIM placing of the year, shares can still double or more from here

Amaroq (AMRQ) is my largest mining holding and I am now way ahead here. the placing it has just done is the AIM placing of the year. Howe often do you see one done at almost no discount which is oversubscribed and where the shares head higher afterwards? This is a class act and I can see the shares more than doubling from here. With a small windfall on its way to my SIPP I am pondering buying more.

155 days ago

Cirata – surely a trading statement warranted?

https://shareprophets.com/views/77848/cirata-surely-a-trading-statement-warranted

156 days ago

Tom Winnifrith bonus bearcast: Kefi placing, was I lied to and should we bail or buy via Primary Bid?

In my rage I think I got my maths a bit wrong in this podcast. After an after hours up to £10.6 million equity raise, the Diluted NPV is now c 4.5p to c7.5p possibly a bit more dependent on the Saudi sale. Did Harry Adams of Kefi Gold & Copper (KEFI) lie to me or mislead me? Has he made 2 big errors of judgement in ignoring my advice? YES! What four letter word describes the COO? And should I park my rage and apply for Primary Bid shares at 0.55p?

163 days ago

Doing the Fandango Holdings: joke interims is the FCA totally asleep at the wheel?

Fandango (FHP) a Standard Listed cash shell run by total chancer Charles Tatnall made a loss of £178,000 and had net current liabilities of £781,000, net liabilities of £801,000 and no cash in the six months to 30 June 2024. It shares are currently suspended. But that is the good news!

163 days ago

Has Optibiotix sold Skinbiotherapeutics shares? Steve O’Hara declines to deny

I wonder why shares in SkinBiotherapeutics (SBTX) have not raced ahead more on the news from Croda. One possible explanation put to me by Lemming investor is that Optibiotix (OPTI) has been reducing its holding which was last stated at 10.92%.

163 days ago

Evil Banksta flags up a great twitter thread on EnergyPathways: now a compelling short

Shares in EnergyPathways (EPP) are up by 400% in the last two months since an RNS, signed off and no doubt assiduously verified, by Liam “the Toke “ Murray at Cairn claiming a big loan was on the way. But who are the chaps behind that supposed loan and are they really good for the moolah. Has The Toke checked with his usual rigour i the due diligence department? The twitter thread below suggests he has not. Enjoy.

163 days ago

GOTCHA: Lying Charlatans at Argent Pharma flip flop on delisting, shares collapse, TW 100% vindicated yet again

Shares in Argent Pharma (RGT) have collapsed to 8.5p after a dramatic flip fop on its delisting plans. I told you that this company was a worthless piece of crap run by charlatans when its stock was a consolidation adjusted 225p on January 11 2022. How they all protested. TW knows nothing, TW is batting for diseases affecting the CNS, yadda yadda yadda. *Ouzo on cornflakes time again.

164 days ago

ECR, the timing is unfortunate

So the timeline now reads: Thursday last week, ramptastic video interview with Doc Holliday. Monday this week, hugely discounted placing, no doubt aggressively forward sold. 24 hours later, bad news. It all looks a bit unfortunate and the shares are now 0.305p, below the 0.33p subscripti8on price. It is lucky that there was a window for spivs to forward sell.

173 days ago

Celadon Pharmaceuticals: FFS just come clean, when’s the massively discounted placing?

As a long term bear the near death throes of Celadon Pharmaceuticals (CEL) provide some morbid satisfaction but there is a way of, at least postponing, the grim end and that is a placing. It will be massively discounted but Celadon needs to come clean, fess up and do it before it’s too late.

174 days ago

BREAKING: Bushveld Minerals, sack the board GM called, too little too late

Yesterday Bushveld Minerals (BMN) put itself into the South African equivalent of Chapter 11. The day before its shares were suspended pending clarification. Stevie Wonder can see that shareholders will get nowt and that the company is well and truly fecked. But some folks are always optimistic. Step forward activist investor Kamran Sattar

175 days ago

Electric Guitar – another bum note

Electric Guitar (ELEG) shares are down 31% today at time of writing valuing the company at £590,000. Back on 3 May 2024 when Electric completed its acquisition of 3radical it was admitted to AIM at 2.1 pence. The shares are now down to a bid price of 0.20 pence a more than 90% drop.

175 days ago

UK Oil & Gas: more worthless confetti vicar?

Another day and it's another placing from Lyin’ Steve Sanderson at UK Oil & Gas (UKOG). As ever there is always a good reason. And as ever it is a hugely discounted bucket shop offering. Already the shares have slumped back to below 0.025p, the price at which £500,000 has been raised. There is a retail offer at the same price. Financial masochists know where to apply.

176 days ago

Celadon: Timber! More ouzo for the Sheriff, vicar?

If AIM was not such a joke then James Short, the CEO of Celadon Pharmaceuticals (CEL) would have been fired months ago for his tardy disclosure that sums owed from a May loan and equity investment agreement did not arrive on schedule. And they have still not arrived leaving the company in crisis, as it ‘fessed up to today.

176 days ago

Bushveld Minerals: ouzo on cornflakes for the Sheriff of AIM as shares suspended pending clarification

The bulletin board morons knew better than old TW. Andrew Monk knew far better than old TW as he always does as Andrew is always right and old TW is just a failed fund manager who works in a pizza shop. But it seems that maybe old TW was not wrong in warning folks time and time again that Bushveld Minerals (BMN) was a scandalous penny share promote that would end in tears. Its shares were 40p seven years ago. Today they are suspended at 0.6p, still a market cap of £7 million.

176 days ago

Georgina Energy:– today’s cashless warrant exercise is a massive vote of no confidence

Today Georgina (GEX) issued the following RNS under the misleading heading “Operational Update”. The update has absolutely nothing whatsoever to do with operations. But who on earth expects folks like Georgina or disgraced broker Jerry Keen to give a rats arse about telling the truth?

177 days ago

#Gowokegobroke: Boots wins the Christmas advert clanger

Without Sharon White at the helm, John Lewis has a charming unwoke Christmas advert on out screens, for the first time in half a decade not alienating core customers. On the other hand...

215 days ago

Tom Winnifrith Bonus Bearcast: Just not good enough from Optibiotix

I think that shares in Optibiotix (OPTI) are, on a risk reward basis, very cheap. but today's RNS is shockingly cack handed

218 days ago

First Derivatives by FD technologies disposal: more ouzo for the sheriff with complete vindication

Back in June 2018, I opened my account on First Derivatives (FDP) urging you to short the shares at £46, a £1.2 billion market cap. The red flags were everywhere but natch everybody said I had got it wrong about a company which had picked up gongs at the AIM awards three times! Today that core business has been sold for an EV of just £230 million although the cash receipts are just £205 million. Complete vindication!

222 days ago

Listed at 39p yesterday by the scumbags at Novum, GenIP now just 26.5p: Evil Banksta weighs in

I flagged up yesterday what a farce GenIP (GNIP), the latest spin off from the Augean stable that is TekCapital (TEK), was and how it would end in tears. Listed at 39p after a fund raise conducted by the low life scumbags at Novum, the shares are now 26.5p, to lose a third of your money on an IPO in just over 24 hours is some feat.

223 days ago

Hydrogen Utopia: Funding Crisis and the £3m loan facility that is not!

Interim numbers from Hydrogen Utopia (HUI) indicated a monthly cash spaff of c£100,000. That will not have changed in the second half of the year. If anything it has got worse. Not surprisingly that sees the shares sliding and that poses a particular problem for CEO Aleksandra Binkowska who has agreed to pledge all her shares for £3 million of rescue loan finance. But as the shares collapse, that package looks in jeopardy.

223 days ago

Well done musicMagpie: bailout bid from AO World at 9.07p in cash, Minus 96% since 2021 IPO

I have to hand it to Steve Oliver and his team at musicMagpie (MMAG), this is a result. Given that Magpie is drowning in debt and burning cash, the alternative to a bid was insolvency so persuading AO World (AO) to pay anything at all for the equity is a triumph. AO could have simply approached Magpie’s banks bought the det, almost certainly at a discount, and seized control. But perhaps this is less disruptive. Having said this is a triumph…

224 days ago

Vast Resources – if only it was not for the entrée of Galician style octopus

About an hour ago London’s worst Nomad, Roland “fatty” Cornish waddled off to his favourite restaurant thinking about an entrée of Galician Style Octopus and the seven courses that were to follow. Octopus or Spotted Dick with lashings of custard, it was hard to know which he looked forward to most. As he trundled along that problem was one that he wrestled with. He did not think about his client Vast Resources (VAST). The Octopus was more important.

224 days ago

Andrew Monk dog Caracal Gold takes on loan at, I kid you not, 100% interest

I kid you not. While we wait for interims to December 31 2023, FY numbers to June 30 2024, the FCA to approve a prospectus Caracal Gold (GCAT) says that it has taken on two new loans.

225 days ago

Versarien junks some junk but do not get that excited

Natch the morons have got terribly excited and shares in Versarien (VRS) are up by 14% on news that it has sold the non core plastics business AAC Cyroma for £550,000 subject to any completion adjustments. Well, that is the headline number.

263 days ago

Goldstone Resources – fundraising annoyance, but still a sentiment improving BUY

Shares in gold producer in Ghana, Goldstone Resources (GRL) had recently been rising nicely towards 2p with a higher gold price doing no harm. However, now also a “Conditional Subscription of £600,000”.

263 days ago

Eco Buildings – discounted fundraise but now modular housing “deliveries and first revenues: expected "imminently” BUY

Eco Buildings Group (ECOB) has announced that it has raised £0.45 million at 10p per share to allow it “to execute on a short-term purchase order, as well as likely providing the springboard for further orders under negotiation in the near term”, with this modular housing-focused group now emphasising “while reaching this crucial revenue and cash flow point took longer than expected, our customers remain eager for our proven, innovative, low-cost modular solution”.

289 days ago

How to raise MINUS £250 by issuing shares!

It is neither here nor there as the fraud Supply@ME Capital (SYME) is technically insolvent. It is still yet to tell us whether Alessandro Zamboni’s insolvent AvantGarde has coughed up the £500,000 due by January 31 or another £1.5 million owing before that. So, I suggest that Zamboni has not paid a cent. However, there is an RNS today.

297 days ago

Centamin – positive news from two projects, BUY

Centamin (CEY) has issued “Positive Doropo Gold Project DFS” and “Early Completion of Waste Stripping Programme” announcements today. With the shares currently at 133.4p, how positive is this latest news flow?

307 days ago

Buy Serica Energy, look at the yield

Shares in Serica Energy (SQZ) are both on the floor now for understandable reasons.

307 days ago

Tom Winnifrith Bearcast: How UKOG can be saved and should I be buying NatWest shares, I am sorely tempted

In today’s bearcast I look at Versarien (VRS), Invinity Energy (IES) - a change of stance – Skinbiotherapeutics (SBTX), UK Oil & Gas (UKOG), Baron Oil (BOIL) and NatWest Group (NWG).

307 days ago

Microsalt: wonder IPO or ludicrous price?

Microsalt (SALT) tried to raise £10-15 million ahead of an IPO last October but for some unexplained reason, Nomad Zeus postponed the IPO. On 1 February it joined the AIM sewer after raising £3.15 million gross (£2.5 million net) at 43p giving an £18.5 million valuation. Today, after announcing what it termed a “vital” deal earlier this week, the shares are 112.5p so valuing it at just over £48 million. Really?

307 days ago

UK Oil & Gas – as we await share consolidation what price the next bailout placing? And where does this leave Dave Lenigas and Pennpetro?

I write as UK Oil & Gas (UKOG) holds aa GM to approve a share consolidation. Like so many penny dreadfuls its shares have collapsed below par value of just 0.01p and it must therefore undertake a capital reorganization slashing par to just 0.0001p to allow it to issue even more worthless confetti. And boy does it need to issue shares.

314 days ago

Oxford Cannabinoid completes January 30 fundraise – now it needs another one to avoid insolvency by July (or earlier)

The fragrant Warwick University philosophy student who is running Oxford Cannabinoid (OCTP) into the ground, Ms. Clarissa Sowemimo-Coker is delighted to announce that the subscription element of the £1.1 million net 0.5p per share fund raise announced on January 30 has now completed. Already the bid is, at 0.47p, below the fundraise price, always a bad sign as the new shares do not start trading until 20 February. But worse is to come.

314 days ago

Iconic Labs gets AGM approval to issue billions more shares, will it set a new confetti issuing record in 2024?

Iconic (ICON) successfully passed all its AGM resolutions on 13 February and in each case over 90% of votes were cast in favour of the resolutions but under a third of shareholders bothered to vote.

316 days ago

Told y’all: Vast Resources, the pride of "Fatty", MINUS 99.99999% from peak, yet another share consolidation and yet another cash crisis

This is like groundhog day. The last 100 for 1 share consolidation was just 32 months ago when, laughably, dumb shareholders were told it was needed to allow dividend payments. But, no dividends and numerous placings later, Vast has again run out of cash and again its shares have slumped below the 0.1p par value. Its groundhog day!

316 days ago

Technology Minerals dissembling on when the death spiral mass share dump starts: is it today?

Yesterday I suggested that Technology Minerals (TM1) the Standard Listed joke company drowning in the stench of disgraced fraudster Chris Cleverly would see its death spiral provider start to dump shares on March 8. But I may be wrong. It could be today. Let me explain.

316 days ago

Xtract Resources is running on fumes, shares sliding ever faster: statement re placing needed

I flagged this up in bearcast last week but the silence from Colin Bird’s Xtract Resources (XTR), London’s worst Nomad “Roland “fatty” Cornish and scumbag broker, the king of the spivs, Jon Bellis at bucket shop Novum is deafening. Shares in this perennial penny dreadful are now just 0.95p and sliding fast.

316 days ago

Is this proof that Tern that has been dumping Wyld shares?

Mangold a Swedish Investment bank published a commissioned report on Wyld Networks HERE. Mangold was the bank that helped in the last Wyld fundraise so you’d have to take its price targets with more than a pinch of salt.

318 days ago

FCA Investigation: Operation Newhaven – Globo plc: Crime appears to pay! Another epic FCA Fail!

You remember Globo (GBO). I was a bear and pointed out numerous red flags even doorstepping it in Athens. Roger Lawson of ShareSoc said I was wrong and did not understand tech stocks like he did, Globo had £40 million of cash and was profitable. Then Gabriel Grego compiled a bombshell dossier. Snot gobbler Dan McCrum at the FT did not have the balls to publish it but alerted the CEO who sold millions of pounds worth of shares over the four days until I obtained and published the dossier, the shares were then suspended, there was no cash, no profits it was a fraud, a slam dunk fraud. But it seems that crime does pay.

320 days ago

DS Smith – possible offer from Mondi

Packaging company DS Smith (SMDS) has confirmed an “expression of interest” from Mondi plc (MNDI) and that it “understands that Mondi is considering a possible offer”. What of the news currently helping shares in DS Smith more than 10% higher to 311p?

320 days ago

BREAKING: Tintra faces up winding up order, what is JP Jenkins playing at?

I have warned JP Jenkins a number of times about Tintra (TNT), formerly the AIM Company of the year 2022. But despite shocking exposes like this one yesterday, JPJ seems happy to allow shares to be traded on its platform. Well maybe the winding up order might just change that? I kid you not.

320 days ago

Tom Winnifrith Bearcast: Anavio will not believe its luck as worthless Canadian Overseas shares zoom ahead by 117%

I start with a Cambridge University sports report and an apology to a reader who feels chastised. Then it is on to Canadian Overseas Petroleum (COPL), Regtech Open (RTOP) , Eight Capital Partners (ECP), Supply@ME Capital (FRAUD) and Dispensa (DISP), Strategic Minerals (SML), DS Smith (SMDS) and Revolution Beauty (REVB)

320 days ago

BOOM! GOTCHA! Dispensa, as shares collapse: more exposes of accounting high jinks, when will the rats start to jump, 3 questions for the FRC to ponder!

My shocking expose of Dispensa (DISP), the crock formerly known as Zamaz, where I’ve been a perma bear since its September 2 2022 IPO at 11p seems to have somebody panicking. The shares have today crashed by 42% to just 0.95p. Which will be the next rat to jump as there is far worse to come. I shall kick off with a couple of questions for those such as PR goons Walbrook and VSA Capital, where I am unwitting shareholder, to consider as they ponder how much more reputational damage they can tolerate.

321 days ago

Verditek: Gotcha! Lying scumbags enabled by Richard “Gollum” Gill and the inaction of the Oxymorons

Oh dear, Oh dear as the shamed tipster “old Mother” Mike Walters used to say when one of his shite share tips went horribly wrong. Oh wait: Verditek (VDTK) was one of his shite share tips! Its shares were 20p at peak Walters enthusiasm. They are now 0.11p after an admission today that it is giving up the solar panels business and becoming a cash shell, albeit with almost no cash. The big red flag here which Walters overlooked was that Verditek repeatedly lied about contracts won to get placings away only to ‘fess up afterwards that the contracts, even those described as take or pay, had not happened. So, serial lying and thus fraud…always a bit of a red flag.

323 days ago

BREAKING: Versarien: After 11 months doing nothing for £21,000 a month, disgraced, greedy fat bastard Neill Ricketts demands even more money

The breaking news today is that Neill Ricketts, the man who must take the credit for Versarien (VRS) shares plunging from 200p at peak ramp to just 0.15p today has filed a series of legal claims against the company demanding even more money. Words almost fail me.

326 days ago

Chatroom warriors celebrate as Lucian Miers stiffed (geddit?) by Futura Medical trading statement

Before they celebrate too much the gerbils should realise that even though the shares are up by 34% today at 37.1p the bard of the Boleyn is still way ahead on is short bet. But perhaps the trading statement marks a turning point for this producer of Eroxon, a treatment for Erectile Dysfunction which most customers appear to think is useless.

326 days ago

BREAKING: ReNeuron – the £15 million the taxpayer has spaffed with the English as bad as the Welsh

Yesterday shares in Reneuron (RENE) were suspended pending clarification. We did warn folks but sadly shareholders who ignored us will almost certainly lose everything. But that is their call. The real scandal is that we all, as taxpayers, have taken a £15m hit.

326 days ago

Utterly disgraceful ReNeuron Group: £5m spunked in 4 months, shares suspended pending clarification - £8m spaffed by Welsh Government

On November 8 Reneuron (RENE) said that it had £5.1 million in the bank as at 30 September, a cash runway until April this year and that ”the outlook for the business remained positive provided it could retain its’ highly dedicated team of scientists, further develop and verify the CustomEX™ exosome delivery platform and conclude validating industry partnerships.” Today the shares have been suspended pending clarification.

326 days ago

Upland Resources – another strategy and operational update as new warrant shares start trading today. Handy...

The week that the spoof bid was promoted as credible by Upland Resources (UPL) was, conveniently for it, the week a shed load of new shares from warrant exercises started trading. As the gerbils rushed to buy that stock was quickly absorbed. Today another stack of warrant shares start trading and conveniently enough there is an operations update to accompany it. Handy.

327 days ago

Argo Blockchain piss poor January, blames the wrong kind of snow

Excuses are like arseholes. We all have them and nobody cares. And so just four weeks after raising £7.8 million at 20.5p Argo Blockchain (ARB) has fessed to a piss poor January but of course it is not its fault. The shares are now 14.75p suggesting that the placees, suckered in by a ramp up to 34p, have already been well and truly bummed. But not as bummed as those private investors who fell for the ramp.

327 days ago

On David Lenigas day, his UKOG baby takes a Turkish bath and is now minus 99.99% - worse will follow

Andrew Bell reckons that David Lenigas knows how to create value. Hmmmm. On the day that Bell appointed Lenigas to drive the “new phase of growth” at Red Rock Resources (RRR), after a last phase of growth that has seen shareholders lost 92% in three years, Lenigas created UK Oil & Gas (UKOG) had yet more disastrous news and its shares are now minus 99.99% down from peak ramp. And you know what? It is going to get even worse.

336 days ago

BREAKING: Tintra Limited – who is lying about ownership of shares in Indomanange?

Earlier I flagged up the scandalous listing of Tintra (TNT) on JP Jenkins. It is my contention that the company mislead investors in numerous ways allowing insiders to make millions from dumping share at hugely inflated prices. And in that vein, here is another oddity that the folks at JP Jenkins should be considering as a matter of urgency.

336 days ago

BREAKING: All the talents now aligned (irony), Mr. David Lenigas joins Andrew Bell and Fatty at Red Rock Resources

What could possibly go wrong for my old pal Andrew Bell and Red Rock Resources (RRR) where I am NOT recommending the shares, at a wretched 0.0775p, but where I remain a loyal shareholder to remind me what a prize prick I can be at times.

336 days ago

Essentra – Q4 trading update, “well positioned” to make progress: BUY

International components company Essentra (ESNT) has issued a trading update including that its 2023 expectations remain unchanged and emphasising that, “underpinned by its breadth of customers, end market categories and geographical diversification, Essentra is well positioned”. What now with the shares currently up to 161.6p in response?

338 days ago

Twitter moron & TW troll of the day is a shareholder in Regtech Open

For the record, shares in the insolvent fraud Regtech Open (RTOP) were listed at 100p on August 25 2023. A month later they hit 314p. Today they are 6.22p and they will go to zero. I have been a perma bear, but in a parallel universe Bubbles tweets away happily on both Regtech and the sister fraud Supply@MECapital (SYME), where he is also long and strong as its shares hit new record lows. Bubbles is a moron as you can see below. 

346 days ago

Live Company Group and Advanced Oncotherapy statements – do any rules on the AIM casino matter these days?

For having their shares suspended for more than six months because of a failure to publish interim and full year accounts, Advanced Oncotherapy (AVO) and Live Company (LVCG) should have been booted off the AIM sewer on January 1 and February 1 (today) respectively. But on the “world’s most successful growth market” it seems that rules just do not matter. Or perhaps because it is shrinking so rapidly, the regulators will not boot anyone off. In both cases, the companies are – as things stand – insolvent.

346 days ago

Tom Winnifrith Bearcast: at least BSF Enterprises is honest in its Results RNS but its shares will collapse anyway

I start with thanks for your best wishes on my date with the Shipmans, including a very foxy Asian babe junior Shipman, yesterday. Then it is onto Kefi Gold & Copper (KEFI), paranoid advisors, Inspiration Healthcare (IHC), Guild ESports (GLD), BSF Enterprises (BSFA), Vast Resources (VAST) where a new GM must surely be called for another share consolidation and Supply@ME Capital (SYME)

347 days ago

MGC Pharmaceuticals – do the maths dummies, I'm 99.2% ahead on this bear call and it is going to go from £15m now to zero

On November 1 2022, I published a red flags dossier on Turner Pope spoof MGC Pharmaceuticals (MXC) with the shares at 2.25p giving a market cap of £70 million. Wind forward 15 months and after a 1000 for 1 consolidation the shares are 18p meaning that those who mocked my advice have lost 99.2% of their hard earned. But so many gazillion pieces of worthless confetti have been issued that the market cap is still £15 million and today’s quarterlies suggest that is way too high as yet another cash crisis looms.

347 days ago

OptiBiotix Health – “SweetBiotix Update”, potential to be transformational this year, price target likely to be increased

OptiBiotix Health (OPTI) has issued a “SweetBiotix Update” announcement. It is a, non-regulatory, RNS Reach, immediately signalling no commercial deal yet, but there are clear signs of progress towards material deals. So what of the shares currently up at 29p in response?

347 days ago

musicMagpie Letter to AIM Regulation: statement needed

The Oxymorons at AIM Regulation maybe busy reading ESG porn or dealing with the antics of poltroon Giles Balleny at Cavendish. If they do have a spare moment they should consider why shares in musicMagpie (MMAG) have collapsed in recent days and be forcing a statement. I am 99 sure I know the reasons but it would be nice to have that confirmed. I have sent the letter below by email:

349 days ago

Video: China’s Stock Market Slump, A Leading Indicator For the World, sell shares and sell oil & copper

Gareth Soloway, Chief Market Strategist of Verfied Investing has a stark warning of bad things happening in China which will hit us all.

349 days ago

Felix Smith says Gary Newman going to prison, Felix is an impoverished moron

Yes, Felix is another moron who has done his conkers ignoring advice from myself at 25p and Gary Newman from almost as high to sell shares in Canadian Overseas Petroleum (COPL).

350 days ago

Chill Brands tries to raise £3-4 million, manages just £1.2 million: oops spot the looming black hole

Chill Brands (CHLL) is this morning boasting of how it has managed to issue £2.4 million of new shares at 3.75p. As ever, this company is wholly disingenuous. It is almost as if it and its disgraced adviser Allenby, of NightCap (NGHT) infamy, gets a strange sort of sexual pleasure from misleading investors and has become addicted to it.

350 days ago

Watching Stuart Ashman and his grossly overpaid FD on Investor Meet, Ashman tells a whopping lie

It was an hour of my time which I may look back on my deathbed and consider an hour wasted. I should say that, on balance, there was enough offered by Ashman to make me content to hold shares in Skinbiotherapeutics (SBTX) but there were also worrying matters not least the CEO telling a blatant lie.

361 days ago

Tom Winnifrith Bearcast: Why I am holding my shares in Skinbiotherapeutics but you might want to sell & why Stuart Ashman needs to be fired

In today’s podcast I discuss retirement postponed thanks to Joshua and to Stuart Ashman. I chat about Optibiotix (OPTI), en passant, but in depth about Skinbiotherapeutics (SBTX) with apologies to those who have lost money. Here is what should happen next.

370 days ago

Tintra – still no tender offer received: does anyone smell a rat yet?

In in last months as a public company, Tintra (TNT), the AIM Company of the year 2022, announced a potential takeover bid at 150 pence per share on 7 September 2023 which was revised, on 6 November 2023, to a potential tender offer for 29.9% of Tintra shares at 150 pence per share from LRB35 Limited. However, although the shares are now delisted

370 days ago

Centamin – a Mineral Reserves “correction”…but good news! BUY

A “correction” being required to a previously-issued announcement is usually bad news and hits a company’s share price. So what of shares in Centamin (CEY) currently being more than 5% higher at around 98p on the back of such an announcement?

370 days ago

Ceres Power – after the Delta pump comes the China Dump, surely a great short even now?

Malcolm Stacey and the rest of the green brigade got terribly excited last Thursday when Ceres Power (CWR) announced a big new deal with Delta Electronics “Praise be to Saint Greta, His Holiness Lord Attenborough and blessed King Charles, we are all going to be rich!” screamed the senior writer on this website. Just six days later comes a shock warning and the shares are tumbling. Malcolm will be writing a letter of complaint to the Guardian shortly.

370 days ago

VINDICATED AGAIN: Tern hugely discounted placing but its just a sticking plaster, death only postponed

Tern (TERN) has announced a placing raising a paltry £400,000 and at just 2p – the shares closed yesterday at 2.875p and were well above 3p just five days ago. Natch the company misleads with its excuses, this is just a sticking plaster which postpones death by just a few months. It’s ouzo on cornflakes time for this website, for the chatroom warriors who knew better it is another wake up call.

374 days ago

Vast Resources: barefaced lying sanctioned by "Fatty" as it places yet again

This was the company that said it needed to do a 100 for 1 share consolidation so that it could pay a dividend. Natch it has not paid a dividend in the 33 months since but has placed numerous times and its shares have now collapsed by 98% since the consolidation having been 99% down before it. The management of Vast Resources (VAST) are simply liars. Today the company is exposed again in the most blatant way. Why on earth the Oxymorons at AIM Regulation and hapless Nomad Roland “Fatty” Cornish do not come on this farce defies belied. Wind back to 6 October and a placing to raise £1,819,350 at 0.195p. The company stated:

374 days ago

The Tingo fraud, it now admits that Deloitte quits – but it’s a bit late is it not?

The Department of Justice is still trying to get its hands on Dozy Mmobousi who faces a 45 year jail term when found guilty of fraud. Others were part of that fraud says the DoJ and may still have their collars felt. Shares in Chris Cleverly’s Tingo (US:TIO) shares are suspended and now it has filed with the SEC that its auditors Deloitte resigned on 16 January. But why only now? I wrote twice to head of regulation Jen Knickerbocker HERE and global chair Anna Marks HERE more than six months ago.

376 days ago

Iconic Labs Plc - Prepares for next Tsunami of Confetti

On 19 January, Iconic (ICON) announced that at its forthcoming AGM on 13 February, it plans to reorganise each of its £0.1 nominal shares into a new ordinary share of £0.0001 and a worthless deferred ordinary share of £0.0999.

379 days ago

GOTCHA: Belluscura has to revise TMT offer again

As flagged up HERE yesterday, the maths just did not stack up. And thus for the second time Adam Reynolds chaired Belluscura (BELL) has had to revise its all-share offer for cash shell TMT Acquisitions (TMT). First it was 15 shares for every 22, then it was 3 for 4 and today it is a straight 1 for 1. I am glad that Nigel Wray et al have done the decent thing but how do the maths now stack up? And actually is it still a good deal?

379 days ago

Did Argo Blockchain pull your pants down? Its still a short at a £90m valuation!

As I write, shares in Argo Blockchain (ARB) are trading, down again today, at 15p. Just 17 days ago some folks were paying 35p for the shares. If you have had your pants pulled down on this one you must be asking what the hell happened?

379 days ago

Versarien shares now 99.95% down from September 2018 peak – a cartoon from the heyday

Just over five years ago the shares were 182.5p. Today they are struggling to hold 0.09p. You must forgive my schadenfreude as this company’s biggest critic but its shareholders, egged on by repellent founder Neill Ricketts, trolled me – as did Neil himself – on twitter, discussed having me killed in chatrooms and also plotted to get my wife sacked by her University. So I delight in how such folks have lost a fortune. You may remember how one such poltroon produced cartoons mocking and lambasting myself and also Lucian Miers. As a reminder, here is one gem. It has not aged well.

384 days ago

Video: Are my fellow Kefi shareholders your top pick for the pub quiz team?

Yesterday Kefi Gold & Copper (KEFI) did a presentation on the Investor Meet platform then took questions from private investors. I’m happy with the presentation and am happy to still rate the shares, at 0.669p as a BUY. They could easily treble this year. I thought boss ‘arry Adams was upbeat. But I also worry that some of my fellow shareholders are the sort of morons who give morons a bad name. For light relief just skip to the Q&A. Enjoy. 

385 days ago

Canadian Overseas new interim CEO kills 2 birds with one stone: now to kill the shares

It’s one in one out at a NED level but nothing much to read there: nobody hangs around long at the sinking ship that is Canadian Overseas Petroleum (COPL). The bigger news is that we have a new CEO although only an interim one, natch.

385 days ago

Andrew Monk Disgrace Dispensa: will it (again) restate its interims before insolvency?

Dispensa (DISP) the Sub Standard list POS formerly known as Zamaz, a company created by Dominic White of the fraud Supply@ME Capital (SYME) infamy is in serious trouble. The only question now is when the end will come and why. This company listed at 11p, a £77million market cap in September 2022. I explicitly warned that it was a sham but the FCA knew better and allowed the listing to go ahead. The shares are now just 1.625p and my target is 0p.

389 days ago

Mark Menzies: The Tory MP who “disputes” the Grindr blackmail misuse of funds reports – its like dealing with stockmarket villains

In my day job I deal with stockmarket villains. The narrative does not change when you expose a big scandal. I publish a report.  The company’s advisers, overpaid PR fluffies, put out a regulated announcement where they “refute” the allegations. And in due course I am vindicated and shares in that company collapse, sometimes to zero. It has happened so many times.

390 days ago

Canadian Overseas: Lucian urges people to do the maths on the blizzard of shares that could be issued

The $2.5million placing at 0.15p by Canadian Overseas Petroleum (COPL) has now gone ahead. Death spiral provider Anavio is not investing it is merely putting up some cash to allow it to forward sell and convert as much of its outstanding convertible loan notes as possible before Canadian goes bust. Lucian Miers says, do the maths….

390 days ago

Vast Resources and the Aprelevka spoof, morons fooled again

As I write, technically insolvent Vast Resources (VAST) has seen its shares surge by 21% to 14.25p on news that it has completed the Aprelevka gold mines deal. It is yet another spoof and here is why.

391 days ago

Canadian Overseas Petroleum: the definition of madness

A few weeks ago I went out for a few drinks with a couple of pals including “Chemtrails Dave” who has one or two odd views. I am prepared to accept that Michelle Obama is a man and that the Clinton crime family have all of their critics and whistleblowers suicided but after a couple of pints we got on to the 1969 moon landings and Chemtrails said “anyone who thinks they actually happened is mad.” But they did happen didn’t they? Said I. At which point he laughed. When I got home I asked “but the did happen didn’t they?” And I was reassured. Of course they did. And that brings us to Canadian Overseas Petroleum (COPL) shares in which were up by 50% at one point this morning.

396 days ago

Nostra Terra – Some bible readings for Matt Lofgran as he takes the company into the Minus 99.8% club with yet another placing.

Devout Christian Matt Lofgran always likes to say that he rescued Nostra Terra Oil & Gas (NTOG) when he took over in 2009. It was as if Jesus had saved the disciples as the storm raged on the sea of Galilee where their boat was sailing (Mark 4, 3-41).  But the reality is that anyone who bought the shares when the great rescuer took over as CEO has now lost 99.8% of their money while Lofgran has made millions in remuneration. You have to pay for talent don’t you? Would it not have been better just to put the company into administration in 2009, to have avoided numerous bailout placings more good money going after bad?

396 days ago

Cellular Goods: how is this not insider dealing, it takes the AI bandwagon piss to boot!

Over the past three days, newly appointed executive director Mike Edwards has bought 8 million shares in Cellular Goods (CBX). His name is the contact on RNS he is calling the shots. Today he has announced a, laughable change of name and strategy. Just how on earth can this not be insider dealing. Do not tell me that this was all dreamt up yesterday afternoon, Edwards traded on specific price sensitive information.

396 days ago

Cellular Goods Mike Edwards share purchase spoof, he must think BB Morons are morons? He’s right: they are!

Yesterday, I looked at the shock return of Mike Edwards to Cellular Goods (CBX) as a NED. Today Cellular shares have jumped by 17% as it was announced that Edwards had bought 5.5 million shares at 0.325p. Boy the morons loved that. But hang on Henry…

396 days ago

Cellular Goods CEO and Chairman walks, Mike Edwards back to complete the circle of related party bollocks but SMTM

You just could not make this up. Mike Edwards and his business partner Jon Bixby owned 31% of Cellular Goods (CBX) at the time of its 5p IPO. Their vehicle Durban Holdings paid just 0.1p for nearly all of its stock and as the shares were David Beckham/disgraced Daily Mail pumped they started sell. Indeed they sold all their shares. Lovely jubbly for them.

397 days ago

A shareholder in the fraud Supply@ME Capital comments in ignorance

Sparty1 seems unaware that I have sold my last two businesses at a BIG profit including that pizza restaurant that I turned around. Or, that numerous crooks have sent me lawyers letters to shut me down including at least 1 now in prison (Pete Landau). Anyhow he reckons he will grow rich with his shares in the fraud Supply@ME Capital (SYME). Whatever. Over on the ADVFN asylum he posts:

399 days ago

ANALYSIS: Supply@ME Capital £5m market cap gain on smelly cheese deal which will see it lose even more money!

In today’s RNS, the fraud Supply@ME Capital (SYME) has announced that it had secured funding for a “White-Label IM agreement: funding secured with Banco BPM S.p.A to execute an initial IM transaction”. The morons are delighted and the shares are up by 11% at 0.077p giving a £49 million market cap. The morons need to visit an Otolaryngologist PDQ as, if you scratch away beneath the surface this stinks.

400 days ago

Letter to the FCA – why have you not suspended the FRAUD Regtech over the missing or not £1.4million?

The FCA is , no sniggering at the back, meant to regulate the Standard List of London’s Main Market. In August 2023 it approved the IFRS non compliant and grossly misleading prospectus of the fraud Regtech Open (RTOP). I have written it a note about the latest developments. Its failure to force a statement and/or suspend the shares is a disgrace.

410 days ago

Bidstack shares soar as settles, i.e caves, to Azerion – morons need to do the maths

The morons really have not done their maths. Bidstack (BIDS) may have settled its dispute with Azerion and will be getting 3 million Euro (£2.6 million) but it is still utterly fecked. A 153% share spike today is a selling opportunity for any cross dressing IT consultants still owning the shares. Let me explain.

414 days ago

Amaroq Minerals – expanded prospectivity and progress update, further massive upside from a winning share tip!

Amaroq Minerals (AMRQ) has announced “significantly expanded prospectivity of its 100% owned Nanoq gold project” and “successful completion of ~10,000 line kilometres of geophysics, with all results now received for detailed interpretation”, and the shares have ticked higher to 63p.

415 days ago

Alien Metals shares just 0.21p and falling: when’s the next bailout placing?

As a long term bear of Alien Metals (UFO) I have flagged up numerous undeclared related party and other sordid deals. This company has always been drowning in red flags and is the sort of shite AIM could do without. Now for some maths.

415 days ago

BlueJay Mining: you couldn’t make it up, its ‘avin’ a giraffe, disgraced McIllree is back!

Seriously this is worthy of April Fool’s Day. Rod McIlree was the promoter who pumped BlueJay Mining (JAY) shares hard on the back of the Dundas project in Greenland. Subsequent to his departure a new team admitted that all the money had gone and that the Dundas numbers pushed by Rod were all wrong and it was worthless. And so with the company running on vapours….

415 days ago

Another ouzo for the Sheriff, vindicated again: Canadian Overseas: The fat lady warms up as it defaults on debt

And to think that Canadian Overseas Petroleum (COPL) founder Arthur Millholland said that I was a “snake oil salesman” and did not understand accounts. As the Fat Lady now books a ticket to gig with Arthur in the socialist hell hole of Canada, the shares have collapsed again, to just 0.4p. They were 25p when I first started exposing this crock 20 months ago prompting that misleading RNS response from Art. The shares should be suspended now as Canadian is now totally screwed. It is a zero.

415 days ago

Canadian Overseas: if anyone wanted to buy its shite assets why would they give investors a cent?

Following yesterday’s latest calamity at Canadian Overseas Petroleum (COPL) there are still some deluded souls buying the shares at 0.7p in the misguided belief that there will be a takeover. The gaps in the logic of such folks are big enough to drive a bus through. Here’s why.

415 days ago

BREAKING VINDICATION: SEC charges Tingo and Dozy Mmbousi with what it terms a “staggering fraud”

I think we can now safely say that Tingo (US:TIO) shares are zeros. I was the first to flag up this as a fraud in September 2022 and for my troubles have received industrial scale trolling on twitter in a campaign orchestrated by Chris Cleverly. Well fuck you Chris you criminal dirtbag may your soul burn in hell: the SEC has today charged your man Dozy Mmobousi who was going to buy Sheffield United, with fraud. Dozy is accused of making millions via share sales and general corporate theft. Maybe Cleverly’s cousin James got him off the hook as Chris knew all about this. But so far only Dozy and Tingo Group plus two affiliate companies have been charged. The rap sheet from the SEC is below. An extra Metaxa for me tonight. Enjoy. 

416 days ago

Wow just how badly these words aged: time for Arthur Millholland & morally bankrupt motherfucker PR Dominic Barretto to apologise

On 6th April 2022 shares in Canadian Overseas Petroleum (COPL) were more than 20p and I had recently opened my assault arguing that, at 25p the shares were a compelling short. Today, after the latest disaster analysed HERE, they are just over 1p. But back then the man who created this investment disaster Arthur Millholland issued an RNS with a direct smear on me (suggesting I was short and did not understand accounts) and an implicit attack on ShareProphets. Morally bankrupt PR firm Yellow Jersey crafted this poison.

418 days ago

Tom Winnifrith Bearcast: a snake correction & the WGEOMM is in touch

I start with the snake yesterday and a clarification, then it is onto Dispensa (DISP), Vast Resources (VAST), BjueJay Mining (JAY) – surely another bailout placing ahoy but at what price? – Microsaic (MSYS), Power Metal Resources (POW), Teather’s Financial and Flip Flop Ben Turney, and in real detail musicMagpie (MMAG) and why today’s statement does not address the real issue, making the shares a slam dunk sell.

418 days ago

Red Rock Resources - oops he did it again, yet another placing from disgraced Andrew Bell

For months and months we morons who own shares in Red Rock Resources (RRR) have been told by our esteemed leader Andrew Bell that the sum of somewhere in the region of $7.5million was on its way from the DRC. The cheque is in the post. Except it’s not a cheque and it has not been posted.

418 days ago

Good News travels fast, bad news is delayed how is it hanging Chris Cleverly at the fraud Tingo? 15 days and counting...

Just the other day I posted more proof positive that Tingo (US:TIO) the company created by Chris Cleverly, the first cousin of our esteemed home secretary, was and is a complete and utter fraud. If Chris is not too busy being nominated for ESG awards in Africa (I kid you not, as you can see HERE), maybe he might want to update mug punters on the ongoing suspension of the shares.

418 days ago

Procook serves up another dog’s dinner set of interims and look what its doing on its own website

I warned about this crock at the time of its 145p per share November 2021 IPO but naturally fat cat fund managers knew far better and piled in. Today the shares are 26.85p after truly piss poor results. Is it any surprise that folks are reluctant to buy its range of highly expensive kitchenware items in the current climate? There is no real USP of this business and the numbers make that clear.

418 days ago

The curse of vile ex Tory MP Tony Baldry strikes yet again at Westminster Group

Westminster Group (WSG) shares have plunged by well over 90% since Sir Tony Baldry of 3DM infamy became chairman in 2017. And now the cures of Baldry strikes again with a tacit admission of Westminster’s growing cash crisis. First up though, Westminster is changing its year end. How convenient just 18 days ahead of the year end.

424 days ago

Could Victoria go to zero? Yes it could!

We have long been bearish about carpets and floorings roll up (geddit?) Victoria (VCP). But it has not always been an easy short. 8 investors have held 80% of the stock and there have been painful bear squeezes. But after recent interims the shares are at near multi year lows at 255p, a market cap of £300 million. And one can now track a descent to zero.

424 days ago

Iconic Labs – the dilution carries on apace, again what is the point of this company?

Since I last wrote about Iconic (ICON) it has had a further two convertible loan note conversions, one from Toxic Dave Sefton’s Linton Capital and one from European High Growth Opportunities Securitization Fund.  Iconic now has 10.3 million shares in issue up from 4.7 million that remained after its 10,000 for 1 share consolidation on 25 August 2023.

424 days ago

Catenae Innovation – finally exits Hyperneth acquisition fiasco, AIM at its most pointless

Catenae (CTEA) is a great example of a pointless AIM company. When it was called Milestone Group it racked up continual losses which have continued under the Catenae name. It had a brief spike in its share price during the COVID era as the usual suspects ramped its shares on the basis that Catenae had blockchain technology which might be valuable but of course it wasn’t because who wants to use software from a tiny subscale loss making group to monitor a national population’s vaccine status.

426 days ago

Westminster Group: the curse of Baldry set to strike yet again?

One of the golden rules of AIM shares is never to own shares in a company associated with slug like ex Tory MP Tony Baldry. It always ends in tears for investors while Baldry troughs it. When Fat Sir Tone became chairman of Westminster Group (WSG) in the summer of 2017 the shares were 16p. Today they are 1.275p, giving a market cap of £4.4 million. But could things be about to get even worse?

426 days ago

OptiBiotix Health – part-time Finance Director appointment announcement encouraging, BUY

OptiBiotix Health (OPTI) has announced it has appointed Graham Myers as part-time Finance Director “to support the focus on driving each business unit and the group to profitability”. With it also added that “the appointment reflects the progress we have made in 2023 after a difficult 2022”, we look for the prospective trading news to boost the shares from a current 26.25p, below £24 million market capitalisation. Having an FD is part of growing up as a company and we welcome this big time.

427 days ago

SHOCKING: Allenby quits as Tintra Nomad and broker chaps you are fucking cowards & a disgrace to AIM, more ouzo for the Sheriff

I say this with the greatest respect to good friends at Nomad Allenby but in the scandal of the fraud Tintra (TNT), the AIM Company of the year 2022, they have behaved in the most shameful manner. I really do not know how they can sleep at night. At 11.02 AM today Allenby quit as Nomad and broker leaving the shares suspended. That came 2 hours after Tintra published a circular (for which Allenby will have earned a fat fee preparing).

428 days ago

Supply@ME Capital: yet another setback: how long can the FCA tolerate this insolvent fraud? This is a £42m zero in waiting!

What on earth is the regulator doing in not kicking this insolvent ponzi off the UK Standard List? Today, Supply@ME Capital (SYME) has served up more jam tomorrow and an update on its funding crisis. Stevie Wonder can see that the shares are completely worthless but out there in Bulletin Board land some folks think they know better. Plus ca change.

428 days ago

Clem Chambers & Online Blockchain: when Roland “Fatty” Cornish quits as a Nomad things must be dire

Do not let the friends of Clem Chambers spin this as good news. The esteemed firm of Beaumont Cornish, London’s worst Nomad, has today parted company with Online Blockchain (OBC) with immediate effect. Online’s shares have been suspended and if a replacement Nomad (and broker) cannot be found within a month the shares will be slung off the AIM sewer.

438 days ago

Chill Brands: is anyone actually reading the prospectus?

I am a bit of a Chill Brands (CHLL) groupie and have been ever since it was Zoetic (ZOE). That does not make me a fan. I published a massive bear dossier when the shares were 76p and, despite my colleagues, a friend and me facing active harassment from a paid thug, have been bearish ever since. The shares are now 3.45p. Yesterday afternoon something really weird happened.

438 days ago

Oh no Malcolm Stacey, look away (again), another warning from Ceres Power

At no-one is watching O’clock last night, what my friend Comrade Stacey termed a “jolly green giant” in one of his numerous articles loving up Ceres Power (CWR), served up yet another lack of revenues warning. Shares in this company were £13.36 on April Fool’s day 2021. They are now just 161p off another 14% today. Ouch

438 days ago

Skinbiotherapeutics: can the boardroom greed of Sus Barbatus & the other directors be justified?

I still think Skinbiotherapeutics (SBTX) shares are cheap after results which were snuck out after hours yesterday. However, I want to flag up that for a company with sales lower than that of my local CO-OP and which spunked c£3 million in each of the last two years, the boardroom pay is obscene and just cannot be justified. The worst offender is the Sus barbatus himself, CEO Stuart Ashman.

438 days ago

Real Good Foods goes bust – in the end crimes don’t go away as another one bites the dust on AIM

After hours yesterday came the news of another casualty on AIM – the world’s most successful growth market. Real Good Foods (RGD) is going to be calling in the administrators and shares have been suspended this morning. 125 years of trading history is going up in smoke.

440 days ago

MusicMagpie Told y’all, it’s the ugly bird at the disco that nobody, however smashed, will shag: bidders flee!

I told you all very clearly that when musicMagpie ((MMAG) tipped off the Daily Telegraph that it had received two bid approaches it was all a spoof. The company put out a confirmatory approach and saw its shares surge to 23p as Daily Telegraph readers (poor saps) filled their boots. The reality…

440 days ago

Crossword Cybersecurity warns again: Shares down investors a’cross, anyone invested really does not have a clue

Acquisitions to drive growth. Placings to fund losses. And yet more losses. The clues are there and, as young Steve Moore has warned you frequently, Crossword (CCS) is a share you really don’t need to own. 14 months ago there was a fund raise at 21.7p. Today after the latest warning the shares are just 8.5p. Ouch.

440 days ago

Worthless Valereum: shares unsuspended and the new board comes out swinging for Richard Poulden

Oh dear. Oh dear. Do you remember when the brown envelope man Zak Mir and penny share promoter Dave Lenigas debated whether Valereum Blockchain (VLRM) shares were worth 100p or 200p as they ramped ahead of a placing? Valereum now, finally, admits that the reason it could not buy the joke Gibraltar Stock Exchange is that it could not raise enough cash to satisfy regulators at the GFSC. That deal is off, the shares are unsuspended and have fallen to just 2p and the new board is now going after former boss Richard Poulden

442 days ago

Optibiotix sells more Skinbiotherapeutics shares – Steve O’Hara explains why

I guess that while Stuart Ashman might have taken me off his Christmas card list after my recent bearcast on Skinbiotherapeutics (SBTX), Steve O’Hara at Optibiotix (OPTI) seems to agree with my analysis. We have swapped emails this morning after the publication of a TR1.

442 days ago

Imperial Brands – full-year results, remains income value

Tobacco and related ‘next generation products’ company Imperial Brands (IMB) has announced results for its year ended 30th September 2023 emphasising “stronger, more sustainable operational and financial outcomes” and “enhanced shareholder returns with 4.0% dividend increase as well as a 10% increase in share buybacks”. What of this having currently helped the shares up to above 1800p?

442 days ago

Nightcap: Dire results, a lack of profits warning, breaching AIM Rules, the cash crisis and boardroom greed

Amazingly after all of this, shares in the late night bars chain NightCap (NGHT) run by narcissist Dragon’s Den “star” Sarah Willingham, are up today, by 0.25p at 6.25p. There is nowt as queer as folks.

446 days ago

Victoria: jumping rats, dire numbers, that looming margin call for Geoff Wilding could this be a zero?

The bears are at last seeing vindication, shares in carpets rollup Victoria (VCP) are plunging and this is only the start of the downfall of its colourful boss Geoff Wilding. Let’s start with the rat.

446 days ago

Invinity: clearly there is something wrong: time for Andrew Monk to apologise and ‘fess up, clearly it is bailout placing ahoy

On September 5 2023 I took Andrew Monk of VSA Capital (VSA) to task for trying to ramp shares in Invinity Energy (IES) on an all expenses paid jolly visiting Canadian fund managers. The shares were then 49p. I do hope that you followed my bear call as, despite Monkey’s wretched protestations, I was bang on the money. The shares are now 28.5p and falling rapidly.

447 days ago

Technology Minerals the shareholders are getting restless as more red flags emerge, RNS needed, CEO must "be resigned"

Any shareholder in a company linked to career fraudster Chris Cleverly of Tingo (US:TIO) infamy, aka the first cousin of our esteemed Home Secretary, is bonkers. And thus I have repeatedly warned folks about Technology Minerals (TM1). It now seems that some of the cultists, who gather on a closed Telegram group to discuss what a complete bastard and ignoramus I am, how Chris Cleverly’s farts smell of roses and and how they will all get rich, seem to be getting restless. One has written to chairman Martin Brundle making rather damaging allegations. Thanks to Winnileaks, I bring you the letter below. Suffice to say, anyone holding the shares, at 1p, is certifiable.

447 days ago

SkinBioTherapeutics – placing and “retail offer”… and CEO Stuart Ashman talking absolute rubbish, shares still a BUY

SkinBioTherapeutics (SBTX) has announced a placing and “retail offer” at 19p per share to raise, respectively, a minimum of £3 million and up to £0.25 million, with CEO Stuart Ashman stating this is needed “to help with the current commercialisation and development strategy of AxisBiotix in skin health, with our latest venture beginning in acne, as well as providing a stronger financial base to support our strategic partnering discussions around three of our other business pillars. The funding will also support us with working capital and strengthen our balance sheet”. Tom Winnifrith has applied for shares in the offer and we suggest you do too BUT Ashman is talking bollocks and we will be slashing our target price from 150p.

447 days ago

Tern – a dismal and deeply unimpressive pre placing attempted ramp

I know Tern (TERN) is running on vapours. You know it and Mr. Market knows it. And as such all that tern can do is issue a wholly meaningless update on its portfolio and hope that the fuckwits who invest in AIM dross buy the shares, pushing them higher and so allowing one last deeply discounted placing to get away, giving it a few more months to limp on. Today’s statement ended with an implausible claim about boss Al Sisto.

447 days ago

Tingo files Q3 numbers with SEC – doubt the caveats will wash or save Chris Cleverly from jail time

After the SEC suspended trading in the shares of the fraud Tingo (US:TIO) last week for at least a fortnight, Tingo filed a notice saying that it would not be filing its made up Q3 numbers with the SEC. It has now filed the numbers but they come with a big caveat:

449 days ago

Iconic Labs – Toxic Dave extracts at least another £10,000 in cash

In Friday’s RNS Toxic Dave Sefton’s Linton Capital announced it had converted a further £10,000 of convertible loan note into Iconic (ICON) shares on 16 November, a week after his first conversion on 9 November. 

449 days ago

Castings – interims, further ‘ahead of market expectations’ value

Iron castings and machining company Castings plc (CGS) has announced results for its half-year ended 30th September 2023 and an outlook “marginally ahead of market expectations”. What of the shares further higher in response?

449 days ago

Valereum another body blow in Gibraltar, just shut this POS down

Shares in Aquis listed Valereum (VLRM) remain suspended on the Aquis lobster pot at just 3.85p. Founder Richard Poulden has scuttled away and the former rampers in chief David Lenigas and brown envelope man Zak Mir who told us the shares would hit either 100p or 200p have gone strangely silent. The company is technically insolvent. Today another body blow…

453 days ago

BREAKING: Tintra – evidence that the Tintra Acquisitions disposal was a sham transaction, will the FCA act?

Tintra (TNT) shareholders are currently awaiting developments in the proposed development of LRB 35 Limited’s proposal to make a tender offer to purchase up to 29.9% of the issued share capital of Tintra Plc at 150 pence per share. Mr Market doesn’t think is going to happen given Tintra’s shares are currently at a mid price of 75 pence per share.

453 days ago

BREAKING: SEC suspends Tingo, the billion dollar fraud created by Home Secretary James Cleverly’s cousin Chris

The first cousin of the Home secretary, the serial fraudster Chris, has a history of UK stockmarket fraud, exposed by this website, but his company Tingo (US:TIO) is a Nasdaq listed con which was once a multi billion dollar scam. Today the regulators at the SEC have moved into suspend trading in the shares and the associated document, below, is damning. It will be ouzo tonight for me as I first flagged up this scam in September 2022, for the Cleverly family its not such a good day.

458 days ago

Iconic Labs – toxic Dave Sefton starts offloading his convertible loan note debt

In today’s RNS, Iconic (ICON) announced that it was notified that Linton Capital LLP which is owned by Toxic Dave Sefton who caused so much historic damage to Iconic shareholders converted £5,000 of his £750,000 convertible loans notes into 108,849 ordinary shares an effective conversion price of 4.6 pence per share versus the current ask price of 6.0 pence. The conversion didn’t raise any cash for Iconic it just reduced its convertible loan note liability.

458 days ago

Harland & Wolff – deeply discounted, keep the lights on, placing imminent? Tim Kempster

Shorter Tim Kempster says that by his sums Harland & Wolff (HARL) runs out of money either in December or early January. My analysis on this website has been permanently bearish and I agree with Tim. And in that vein I see that the shares are weaker today, at 13.5p having been pumped in recent weeks by ramptastic announcements. I also see that…

459 days ago

Chill Brands – it is what it is NOT saying

The ramping continues with news that Chill Brands (CHLL) is to plug its nicotine free vapes via a wholesaler website. With almost zero brand awareness it is hard to see many small independent stores placing orders via this channel but in the absence of any positive financials to ramp the shares ahead of the next bailout placing any news will do. But it is what it is NOT saying that matters.

461 days ago

Has Justin the Clown's Vox markets gone bust yet? Annual results suggest its only a matter of time

A reader takes me to task for failing to comment on the annual report of Vox Markets, the company that takes payments from shite companies to pump their worthless shares, often using the services of Justin the Clown. The annual report covers an extended 16 month period to 31 December 2022 and came out on September 26. I can but apologise for not picking up on this earlier.

461 days ago

Versarien – bailout placing at just 0.275p – remember when the shares were 200p?

To that poltroon who said that I called Versarien (VRS) brilliantly in the era of disgraced Neill Ricketts but had not appreciated the ”turnaround strategy” I say “feck you, yet again it is ouzo on cornflakes time at Sheriff Towers”. Today, as predicted, comes the latest bailout placing raising a paltry £454,822, before expenses at a price of 0.275 pence per share. The net proceeds will be, I predict, little over £400,000 and will all be gone by St Valentine’s Day.

462 days ago

In the Minus 99.99% club Vast Resources – more outflows: how long until the next bailout which it said would not happen?

On 6 October Vast Resources (VAST) raised £1.8 million at just 0.195p and made the very bold statement that “based on current strategy and updated expectations the Company does not believe it will need to raise further equity funding for the foreseeable future.” Exactly one month later the shares have plunged to 0.145p and today comes news which makes that statement look, at best, highly questionable.

462 days ago

Tom Winnifrith Bearcast: A tale of two wars and more nonsense from Malcolm

Many folks have not liked what I have written about the Russia Ukraine war but it looks very much as if my prediction on its outcome is coming true and I assess what that means for shares and oil. Then to the Hamas Israel war and I make a couple of calls on how that will go and what that means for gold, oil and Israeli shares. Then onto Malcolm on ethical investing and why he is wrong to ignore bottom up analysis as he hops on another bandwagon.

462 days ago

BREAKING: Helios Underwriting – more evidence of why its shares should be suspended

In my recent article “BREAKING: Helios Underwriting – why its AIM shares should be suspended NOW after howling schoolboy accounting blunder” I explained why Helios (HUW), which underwrites insurance at Lloyd’s of London, had a major issue. The issue was that it had prepared its accounts for the six months ended 30 June 2023 under UK GAAP as opposed to IFRS as required by the AIM listing rule paragraph 19. Helios explained the reasons for this as follows:

462 days ago

Folks will call me sexist for saying this but Sosandar’s joint CEO Julie Lavington sounds very, very silly

Ms. Lavington is quoted in the ghastly Mail on Sunday as saying “Our share price is the same as when we turned over £1 million – except now we’re turning over £40 million. It’s frustrating.”. Where to start? It must be rather worrying for those still owning these shares that she has such an appalling grasp of how markets work. It is enough to turn a man to drink.

463 days ago

Letter to AIM Regulation: Force Nightcap & Sarah Willingham to Fess to the grim news as per Rule 11

Shares in Nightcap (NGHT) the bars chain being run into the ground by Dragon’s Den star Sarah Willingham are sliding again to a new all time low of just 5.75p. Almost certainly the company’s trading so far this financial year (starting July 3) has been below forecast and so in not ‘fessing to that I believe it has breached AIM Rules 10 and 11. I have written to the Oxymorons at AIM Regulation, demanding that they force a ‘fess up RNS.

463 days ago

Eurasia Mining Chairman exercises options: how can this NOT be insider dealing if the bid talks are really serious?

Eurasia Mining (EUA) boss Christian Schaffalitzky exercised options over 6million shares at 0.42p. Those options would have lapsed today. There is nothing wrong with that is there. Surely there is!

463 days ago

Tom Winnifrith Bearcast: Cripes it is almost 2024, can you hear the bubbling in the background?

That noise is two Christmas puddings which I am steaming. It being almost 2024 is relevant to shares as I discuss. I look at Genflow Biosciences (GENF) – target 0p – MGC Pharmaceuticals (MXC) – target 0p, Versarien (VRS) – target 0.1p first stop after a placing before Advent at that level, then 0p next year – Deepverge (DVRG) – target 0p – Global Petroleum (GBP) – target 0p – and Trainline(TRN) – target more than 0p but lower than today’s 288p. 

466 days ago

MGC Pharmaceuticals shares collapse as consolidation kicks in, I'm 99.3% ahead on this short call - more to come!

I first published a red flag dossier on MGC Pharmaceuticals (MXC) when the shares were 2.25p on 11 January 2022. The last time I wrote they were 0.055p on September 26 2023 as the company announced a bailout placing and 1000 for 1 share consolidation. That consolidation kicked in today and, ceteris paribus the shares should have been 55p. But instead, having risen since September, they have collapsed by 75% to just 15p.

466 days ago

Upland Resources – letter to the FCA, suspend the shares AT ONCE!

I have written a letter to the regulator of the Standard List, that is to say the FCA, suggesting that it apply its own rules and suspend shares in Upland Resources (UPL) with immediate effect.

470 days ago

Vast Resources – Piss poor results and piss poor mine update

It is only 18 months since Vast Resources (VAST) did a 100 for 1 share consolidation telling its thick as pigshit shareholders that this was to allow it to pay dividends. Of course, there was zero chance of that it was all about being able to issue more shares at above par. Since that consolidation which took the shares from 0.1p to 10p the shares have fallen by 98.5% to just 0.155p. And prior to that consolidation the shares had already fallen by more than 99% since IPO. This is a company that funds a gravy train for managers and advisers and screws shareholders. Today there is more bad news.

470 days ago

Bulletin Board Moron of the week: bmwman on ADVFN? Can you do better?

Upland Resources (UPL) shares will collapse on Monday after the shocking after hours admission that its supposed bid approach was in fact a complete scam, as discussed in bearcast earlier HERE. As I am 100% vindicated and enjoy another celebratory ouzo, bmwman has identified the real culprits in what is a crime. I despair. The moron posts

470 days ago

Tom Winnifrith Bearcast: Upland admits the 14p, £166m, bid was a complete scam - vindication for the Master of penny share fraud busting

I was on a road trip yesterday so only noticed the after hours ‘fess up late in the evening. Upland’s shares will be destroyed, it is a complete vindication of my coverage and some folks should be going to jail if the FCA, regulator of the Standard List, launches a criminal enquiry as it must do. Upland Resources (UPL) management are – at best – guilty of criminal naivete and negligence, To show that they are not part of a criminal conspiracy, perhaps involving the tweet below, they should be demanding an FCA enquiry – I hope you followed my short advice as these shares will, as I predicted, collapse like a failed souffle on Monday.

470 days ago

UPDATED: Ouzo time: Peter Hill and Global Petroleum – a champion fat cat value destroyer: is the gravy train, finally, on the rocks as Panmure tries 0.045p bailout

On 13 October 2014 I wrote a piece: “Peter Hill (MA Oxon) of Global Petroleum – a case study in AIM casino piggery”. Global (GBP) shares were then 3.5p down from 12p three years prior when Hill took over. Hill has trousered millions since then and the shares are now just 0.0675p and that could well be 0.0675p too high for there is a horrible warning today.

470 days ago

Tom Winnifrith Bearcast - The stink of bad cheese

I start with a note on the Hamas lovers at Lancaster University then spend 97% of the podcast on shares: Argentex (AGFX), Ironveld (IRON), Caracal Gold (GCAT), Upland Resources (UPL), EventBrite (US:EB) and in some detail Roquefort Therapeutics (ROQ) which should be a zero.

470 days ago

#BoycottEventBrite for heroic #RileyGaines and short the shares too

Check out Riley Gaines. She is a brave young lady who scrubs up well and who swam against the sort of Lady who has a penis, a “Ms” Lia Thomas. When Ms Thomas competed as a man she was nowhere but as a woman she won numerous contests. Riley and was cheated out of medals in US collegiate championships as a result. But Riley is brave and despite horrific threats, including death threats, from trans activists has launch a high profile campaign to keep women’s sport fair, that is to say not for women with penises. Riley is not anti trans she just wants sport to be fair.

473 days ago

Canadian Overseas Petroleum – yet more worthless confetti vicar

Some folks think that the main business of Canadian Overseas Petroleum (COPL) is producing oil. No really they do, I kid you not! You and I know that its main business is issuing lorry loads of shares to dilute holders as much as possible. And thus today….

473 days ago

Regtech Open – has the £2.063 million arrived as promised? Letter to the FCA

Regtech Open (RTOP) is in my view a plain fraud. Listed at 100p on August 25 its shares at peak ramp were 314p within weeks. They are now 11.5p. A peak market cap of £188 million is now less than £7 million and it may well be insolvent. Companies owned by Alessandro Zamboni of the fraud Supply@ME Capital (SYME) infamy were meant to provide loans of £2.5 million by early September but he could not dump enough stock so did not. Revised payments in 4 equal instalments totalling £2.063 million were meant to complete yesterday. Have they?

474 days ago

CAB Payments – why quality matters and a shocking NED lying about her CV

Yesterday’s shock warning from CAB Payments (CABP) which listed only a few months ago in July leaves its shares, at 54p, languishing as the worst performing IPO of the year. But could the big banks who floated it or the fund managers who lapped up the shares have spotted any red flags? Er…yes 

474 days ago

Andrew Monk’s next humiliating blow-up: Caracal warns of share suspension on November 1, it should be suspended NOW

Oh dear, oh dear. Life was so much easier for Andrew Monk when he was getting a lower second in name dropping at Oriel College Oxford. Yesterday afternoon came grim news from Caracal Gold (GCAT): PKF LittleJohn will not be signing off on it annual accounts on time so the shares will be suspended on November 1. The real issue is why they are not suspended already “pending clarification.”

474 days ago

BREAKING: More ouzo – its all gone horribly wrong at Richard Poulden/David Lenigas/ Zak Mir promote Valereum

Oh dear, oh dear. Do you remember when the Sith Lord Zak Mir was being pushed brown envelopes to say these shares were heading to 200p while David Lenigas said they were going to 100p repeatedly on twitter? Or was it the other way round. Anyhow that pumping allowed Richard Poulden, assisted by spoofery from London’s new Lord Mayor to do a placing at 64p. I have repeatedly exposed the shenanigans and now vindication for me. Ouzo for the Sheriff no more brown envelopes for Mir.

481 days ago

NightCap – I ask again: when is the next profits warning and the admission of a cash crisis?

Dragon’s Den star Sarah Willingham can run but she cannot hide. Consumer confidence is visibly waning, the train strikes continue and similar companies , consumer facing discretionary spend outfits, such as Mexican Tortilla (MEX) have already done the decent thing and ‘fessed that they are behind budget. Yet la Willingham who normally loves the sound of her own voice, is silent. But shares in Nightcap (NGHT) are sliding and, at 6.75p, are now at an all time low, almost 50% down on the last placing just a few months ago. I warn you this is looking almost terminal.

481 days ago

Upland Resources and the spoof bid – what a happy coincidence for the pumpers

Just as Upland Resources (UPL) shares are pushed massively higher by its claim that it received a preliminary non binding bid approach at 14p per share which it has rejected, guess what?

487 days ago

Upland Resources "bid approach": a clear fraud, a spoof or perhaps just real insanity?

On Friday afternoon and throughout the weekend folks from the Upland Resources (UPL) ramping community, a group almost as pointless as Queers for Palestine, were tweeting that Upland had received a 14p bid approach but was going to reject it as being too low. This morning Upland said that as a result of speculation it was forced to confirm this was all true. That the shares are just 6.25p tells you Mr. Market smells a rat. The FCA and the Takeover panel should be all over this and shorters should be adding to their short as fast as possible.

487 days ago

#BoycottStarbucks and its shares look like a good short too

Normally when you boycott a company because of some woke nonsense some folks say “but what about the poor workers.” In the case of Starbucks it is not the company, although it has sinned on many an occasion, but on this occasion it is its workers who are revolting.

487 days ago

Disgraceful: Regtech Open – has the villainous Alessandro Zamboni now missed 3 payments, shares now 87.5% down in under 2 months since IPO

Still the FCA refuses to intervene in the scandalous fraud that is Regtech Open (RTOP). The FCA approved a prospectus and the shares listed at 100p on August 25. Within a couple of weeks they were 304p. Now they are 12.5p, a loss of 87.5% in less than two months from the IPO and 97% off the peak of a couple of weeks later.

489 days ago

Celadon statement needed ASAP as shares continue to tank: still a £60m short

I really do hope that in penning this piece I am not going to interrupt another feminazi lunch being attended by Celadon Pharmaceuticals (CEL) PR head honcho Ms. Sarah McLeod. For I fear that Ms McLeod needs to stop discussing the gender pay gap and ensure her client – a company I have oft warned is drowning in red flags – to issue a statement as its share price continues to tumble. Here’s why?

489 days ago

Iconic Labs – more industrial scale dilution

Since I last wrote about Iconic (ICON) it has undertaken a 10,000 for 1 share consolidation reducing its 46,996,580,000 shares into 4,699,658 ordinary shares of 10 pence nominal each on 25 August. But then…

490 days ago

Letter to the FRC regarding Supply@ME Capital and Regtech Open & technically insolvent AvantGarde

I have written to the Financial Reporting Council today regarding the interims of the Standard listed cons Supply@ME Capital (SYME) and Regtech Open (RTOP). Both companies are, as I have demonstrated on this website, technically insolvent and if the FCA was not so utterly clueless and pointless it would be suspending the shares NOW! But pro tem, the issue is interims on 29th September.

490 days ago

BREAKING: Canadian Overseas has not paid its Russian web hoster - a sign of its cash crisis

You can bet the ranch that the $4 million that Canadian Overseas Petroleum (COPL) recently raised from its death spiral prover Anavio has all gone: either to escrow accounts with its senior debt provider or to clear unpaid bills or both. the fact that it has admitted that it will be paying other suppliers in shares in the coming weeks shows that it is running on vapours. And another sign is in the screenshots below. If you try to download documents from its website you see that you cannot because Canadian has not paid its Russian hosts. More red flags vicar?

490 days ago

Versarien now just 0.5p to sell – what price the bailout placing in just over two weeks now?

Some chump who is a long term bull of Versarien (VRS) recently wrote that while I might just have called this stock right in the era of Neill Ricketts the jury was out as to whether I was right being bearish about the new regime. Since then, in just a couple of weeks, the shares have halved to just 0.5p to sell. And it has to get worse for on October 30th a GM will approve a capital reorganisation reducing par from 1p to 0.1p and, as the company is running on vapours, this will prompt yet another bailout placing PDQ.

490 days ago

Tom Winnifrith Bearcast: I am a lying Clown, no I am a lying slug, no I am Satan!

I start by noting that it is world Jihad day according to Hamas. But the BBC insists that Hamas are not terrorists. Whatever. I then discuss Upland Resources (UPL) and its cretinous shareholders, Regtech Open (RTOP) – surely the FCA must swoop as the shares plunge again – St James Place (STJ) and finally Canadian Overseas Petroleum (LIARS). 

490 days ago

BREAKING: Lyin' Chris Cleverly, Sir David Trippier, Dozy Mmbousi - which of the Tingo gang will do the time as it's in court again

Tingo (US:TIO) was ordered to pay out $16.5 million in shares to a group of US investors. It did not and now, as you can see below, its in court on contempt of court judges and the Judge is giving an explicit warning.

490 days ago

Jubilee Metals – full-year results, still a compelling growth roll-out BUY

Jubilee Metals (JLP) has announced results for its year ended 30th June 2023 and that “new processing partnerships announced in the year are expected to significantly enhance margins and processing capacities”. So what of the shares from a current lowly around 6p?

492 days ago

Versarien GM called – the race to zero accelerates with another lie

As I predicted it would, Versarien (VRS) has today called a GM to approve a capital re-organization which will see the par value of its shares slashed from1p to 0.1p. This is a precursor to yet another bailout placing at far closer to 0p than to 1p.

492 days ago

EXPOSE: The nest of snakes - Supply@Me Capital, RegTech Open, & Eight Capital Partners, What happens when The AvantGarde Group Spa defaults Part 1

The prospects for three public companies being Supply@ME Capital (SYME), Regtech Open (RTOP) and Eight Capital Partners (ECP) are intrinsically linked to the financial strength of AvantGarde,TAG, the private Italian company owned by Alessandro Zamboni, Supply’s CEO and a NED at Regtech. This is because both Supply and Regtech are reliant on TAG for their working capital and the majority of Eight’s net assets are represented by a loan on Supply’s shares with additional guarantees provided by TAG.

493 days ago

Tom Winnifrith Bearcast: My most read article for two years

Yes I refer to this one. Outside the paywall it will not earn me a cent but if it effects change, that is to say forcing Lush not to side with the Jew haters at a time like this, then that is what I became a journalist to do. It is pleasing to see my story now appearing today in the MSM, my job on this one is done. On the podcast I look at Avacta (AVCT) – statement needed – Regtech Open (RTOP) – ditto – Upland Resources (UPL) – ditto -  Eneraqua (ETP) and in detail at Amaroq (AMRQ) where i averaged up a few weeks ago and see the shares doubling from here. 

493 days ago

Desperate ramping by almost insolvent Cellular Goods as it re-announces Nothingburger non seaweed news

Gosh this is desperate. Cellular Goods (CBX) the CBD cum seaweed to net zero related party con, backed by David Beckham, is running on vapours and so to try to spoof its shares higher to allow another placing it has released the most pathetic of announcements. This is so wretched it is almost embarrassing

493 days ago

Tom Winnifrith podcast interview with Doc Holliday of ECR Minerals

The old scouse scallywag was in fine form. I make no secret of strongly disapproving of a couple of his business associates but Doc seems almost plausible on the matter of ECR Minerals (ECR). My stockbroker is instructed to have me shot if I try to buy shares in a non dividend payer but there is, I suppose, a case here for having a small dabble ahead of Doc’s share issuance target day. Forgive a brief phone interruption, enjoy.

494 days ago

Kefi – so that explains the shares volume: RAB is out

There is a TR1 today showing that the big volumes in Kefi Gold & Copper (KEFI)  shares last week were down to RAB Capital selling its holding onto private investors encouraged by the good news out of Ethiopia. So much for those who insisted THEY KNEW what was happening was a placing. So what to make of this?

494 days ago

Chill Brands – WH Smith orders but its repeats that count and the silence on that front is deafening

It is a start for Chill Brands (CHLL) with its rollout of non-nicotine vapes. But so far the numbers really do not look very impressive. Not that those ramping the shares ahead of the next placing care about that.

495 days ago

Tom Winnifrith Bearcast - This morning surely we all stand with Israel, I certainly do

I start with events in Israel and videos now emerging which will surely have all decent folks standing with Israel and admitting that the two sides are not morally equivalent. Then onto Malcolm’s latest lunacy, Kefi (KEFI) vs Ariana (AAU) why its apples and pears and the Regtech (RTOP) scandal. Now we can see that its insolvent surely its shares and those of the fraud Supply@ME Capital (SYME) must be suspended on Monday.  

495 days ago

Canadian Overseas Petroleum it’s another fecking spoof: cue mammoth death spiral selling

Actually, I think this may be more than a spoof it may be actual market deception but who really cares, with the shysters at Canadian Overseas Petroleum (COPL). The shares are heading only one way, like the geese flying over my farm this afternoon, it is due South.

495 days ago

A letter to the FCA: Suspend Regtech Open Project now and demand to see the bank statements

I have written to the FCA which on August 25 approved an IFRS non compliant joke prospectus full of red flags allowing the con Regtech Open Project (RTOP) to list on the Standard list. Now there is clear evidence that should see the regulator suspending trading in the shares and demanding a series of bank statements and details of share trades.

495 days ago

Regtech Open – silence is violence

So has Regtech Open (RTOP) received the funding due by close of play on Wednesday or not. If it has it should have announced it just to reassure investors if it has not it would be legally obliged to do so. But since Regtech and Alessandro Zamboni don’t give a FF abut the rules who knows? We all know what is going on here and the FCA’s failure to suspend the shares is a scandal.

499 days ago

Versarien and par value – making a refinancing ever harder: target price still 0p

I appear to have overlooked the fact that par value for shares in Versarien (VRS) is 1p. That means that new shares cannot be issued at below that whatever the company says about being able to issue equity. As of today, after the most recent dismal warning, the bid is…1p. Clearly any placing would have to be at a massive discount so what gives?

499 days ago

Tern Plc – how big a discount will it need to get the forthcoming placing away?

As Tern (TERN) shareholders decide whether or not they will support the proposed issue of 37.5 million new shares as approved at the General Meeting which, at say 5 pence per share (a modest discount to closing mid-price of 5.75 pence per share), would raise £1.875 million before expenses perhaps investors should consider the recent performance of the major investments.

499 days ago

Tom Winnifrith's bonus Bearcast: today's warning from Tortilla Mexican and a real deep dive into its accounts and why they really are far worse than the company says

I am crowing here. I know a bit about how restaurants work and have long warned that this September 2021 181p a share IPO is a car crash waiting to happen. After today’s warning the shares are 66p but I take a deep dive into its accounts and what the company is ignoring but you should not. I also reference Nightcap (NGHT) in this podcast. 

499 days ago

Tom Winnifrith Video Shareshow No 33: Eldur Olafsson of Amaroq and Harry Adams of Kefi Gold & Copper

I am back with these bonus video shows, this is number 33. In this show I interview two CEOs: Eldur Olafsson of Amaroq Minerals (AMRQ) and  ‘arry Adams of Kefi Gold & Copper (KEFI). I own shares in both, indeed buying more Amaroq  this week. Both CEOs impressed me greatly and I am excited about my holdings. I hope that you enjoy the show.

You can access it for £1.49 HERE

516 days ago

Silverwood Brands – More Monkey business as a third of the VSA tangible balance sheet is now suspended

Oh dear, oh dear. Its more bad news for we loyal – or in my case unwitting – shareholders in VSA Capital ( Very Sexy Andrew) run by the egomaniac graduate of Oriel College Oxford (lower second in name dropping), Mr Andrew Monk. More than a third of our balance sheet is now tied up in shares which are now suspended for a reason that just does not wash. Oh dear, oh dear.

517 days ago

Tom Winnifrith Bearcast: If you can't afford £1.49 you should not own any shares

I start with my video feed, Peter Brailey IT genius (not) and my cat. Then it is Kefi Gold & Copper (KEFI), Caracal Gold (GCAT), Bidstack (BIDS) and a real ouzo moment, Regtech Open (FRAUD) and Supply@ME Capital (FRUAD), Cavendish Finance (CAV), Vast Resources (VAST), Zephyr Energy (ZPHR), Nanosynth (NNN), Tintra (TNT), Olaf’s b/f the trainspotter and Ben’s Creek (BEN). For various other reasons I am in a bad mood and my language reflects this. Matthew’s dog and Catriona will love this podcast.

531 days ago

Zephyr Energy Interims – more bad news for the Reverend Cliff Weight, it's a £50m short with a cash crisis ahead

The ex ShareSoc supremo, succeeding he who shall not be named, was, you may remember, a big fan of this stock at c5p insisting that it was not going to have to issue shares again on the basis of a research report by the esteemed house of Goldman Sachs, ooops I meant Turner Pope. Well quelle fecking surprise….

531 days ago

Scotgold: oh dear, oh dear – things are getting desperate, the Fat Lady should consider heading to Jockland

Its shares are suspended pending clarification but over at AIM listed Scotgold (SGZ), the worthless company promoted by BBC lies, things go from bad to worse and shareholders should brace themselves for a wipeout soon.

531 days ago

BREAKING: Helios Underwriting – why its AIM shares should be suspended NOW after howling schoolboy accounting blunder

Helios (HUW) is an AIM company but for today’s howling schoolboy accounting errors its shares should be suspended at once. Let me explain.

533 days ago

VINDICATED AGAIN Another day, another ouzo moment – MGC Pharmaceuticals shares collapse

Shares in MGC Pharmceuticals (MXC) were 2.25p valuing the crock at £70 million when I published my first explosive dossier HERE just 20 months ago. Of course folks like broker Turner Pope, evil PR Spinners IFC Advisory (not having a good day are we chaps?) and the bulletin board morons knew better than silly old TW. I’ve kept on exposing this all the way down and today the shares are down by almost 50% on the session at just 0.055p after more disastrous news.

533 days ago

Andrew Monk’s latest disgrace: Cook’s Coffee subsidiary Triple Two going bust

Now I really am ashamed to be the unwitting owner of £120 worth of shares in VSA Capital (Very Sexy Andrew), the broker and financial adviser run by egomaniac Andrew Monk, a man – as he mentions daily – educated at Oriel College Oxford. In November of last year VSA racked up a big corporate fee getting an Aquis dual listing for New Zealand listed coffee chain Cooks Coffee (COOK). Cook’s was – as I showed here – insolvent at the time and VSA’s forecasts to get the IPO away were a disgrace.

538 days ago

UK Oil & Gas: what a Turkey – SMTM!

However Lyin’ Steve Sanderson, the grossly overpaid chairman and CEO of UK Oil & Gas (UKOG) tries to spin it, today’s news from its piss poor Turkish operations screams out “when’s the next bailout placing suckers?” At least owners of this stock are used to it. Thanks to the issue of gazillions of shares over the years guess what the losses are for those buying at the top in 2015?

542 days ago

Silverwood Brands, oh dear, oh dear – more Monkey Business with the self styled Very Sexy Andrew

Shares in Silverwood Brands (SLWD) valued at 100p a pop represented about a third of the year end balance sheet of Andrew Monk’s Aquis listed VSA Capital (VSA). Yesterday just £7500 worth of shares were sold by somebody at just 25p causing the mid price to halve from 60p to 30 and so slashing the market cap by 50% to £78 million. Frankly even that valuation is nutso. It gets murkier and murkier.

542 days ago

Optiva – FCA moves in, is this the kiss of death?

Small cap and spiv trader favourite broker Optiva has been stopped from taking on any new clients by the FCA and its existing clients are not allowed to pass new funds or assets to Optiva’s control. The mystery is why.

547 days ago

Tom Winnifrith Video Shareshow No 32: Kerim Sener of Ariana Resources & Chris Bailey on the bonds pension timebomb and blue chips to buy

I am back with these bonus video shows, is this 31 or 32. What the heck: I reset the counter at 32. In this show I interview Kerim Sener of Ariana resources (AAU) and then give my analysis of why I am very happy to hold the shares. Then it is onto Chris Bailey on macroeconomics, the two financial bombshells facing the over 45s and blue chips to buy. I hope that you enjoy the show.

551 days ago

Tom Winnifrith Bearcast: bloody rotten day, Frisby wants me to kill my cats and Bill Gates fecks up a video as I buy more shares

In today’s podcast I discuss forthcoming videos and look at Kefi Gold & Copper (KEFI), Amaroq (AMRQ), Seed Innovations (SEED), John Lewis, Regtech Open Platform (RTOP), Online Blockchain (OBC), ADVFN (AFN), and THG (THG) run by that prick Matt Moulding which is surely still a short even at 70p.

551 days ago

The definition of a bad company is one that can never generate cash – IQE interims

Another set of results comes out from the sheep shagging chip makers at IQE (IQE) and as usual the numbers are piss poor, more cash has been burned and there is warning about current trading. The shares are just 16.4p, having been 174p just under six years ago when folks like Paul Scott and our own Malcolm Stacey were frothing so excitedly about them as I warned and warned again.

551 days ago

Lashings of ouzo on my cornflakes, ScotGold suspended, the Fat Lady is boarding a train to Jockland

Oh dear, oh dear, as the disgraced tipster Mike Walters would always say as yet another of his recommendations went horribly Pete Tong. I have warned and warned about Scotgold (SGZ) for eons, publishing leaked internal emails which showed how parlous its financial position was, something the company tried to brush off with dissembling releases. Well, today, I hear that the Fat Lady is in a taxi to Kings Cross and preparing to head north… the shares have been suspended.

553 days ago

An email from ‘arry – Kefi is on track in Ethiopia

‘arry Adams has dropped me an email abut the progress made last week. He says:

553 days ago

Big Dave Lenigas & Pennpetro: just how do you define “short delay?”

I only ask because the insolvent Standard Listed dog PennPetro (PPP) run by Big Dave Lenigas had its shares suspended on August 1 as it could not get its accounts on time. Back then, Big Dave said this was a “short delay”. It is now September 8.

553 days ago

Tintra bid at 150p – do you smell a rat at the AIM Company of the year 2022?

Its shares are still suspended as it still cannot get out its annual report despite hiring a mickey mouse firm. But yesterday, Tintra served up some positive news, a possible cash offer of 150 pence per share with a share alternative subject to due diligence and the finalisation and documentation of financing for the transaction.

553 days ago

VSA Capital – a stock overhang and an apology to Mr. Andrew Monk

I would like to apologise to Mr. Andrew Monk for suggesting that his claim that I was a shareholder in VSA Capital (VSA) was a vile smear. I have now tracked down the share registrars and it appears that a share certificate for 2,000 shares was indeed dispatched to a wholly out of date address. I am thus the owner of shares which might just be sold for a paltry £120.

553 days ago

Wood Group – after interims, again a Buy?...

Wood Group (WG.) was a tip last year at a 155p offer price – with we then noting we looked to repeat previous success of a more than 40%, less than 7 months, offer-to-bid gain. In April this year we banked more than 45%, little more than 9 months, gains at 226p. Following recent half-year results which emphasised “clear strategic progress, strong growth and increasing full year guidance”, though with the shares at a 156.7p offer price we consider this again a good time to Buy.

557 days ago

Oxford Nanopore – this just looks misleading: a £2bn share to short

I have always thought that Oxford Nanopore (ONT) was massively overhyped and that its CEO Gordon Sanghera was a bit of a bullshitter, fawned upon on by the deadwood press. The company IPO’d just under two years ago at 425p – its shares now languish at 231p. Today we have half calendar year numbers from a company still capitalised at almost £2 billion and the smell of Sanghera bullshit is strong.

558 days ago

Blackbird spaffs ten grand a day: 6 nil to the Cockney Boys, Malcolm Stacey you’re not singing anymore, etc, etc

I am sorry to sound a bit like a football yob but West Ham’s storming start to the season brings out the worst in me. Especially when Malcolm’s oft loved up Blackbird (BIRD) has just served up such utterly piss poor interims. As ever with this “licensor, developer and seller of the market-leading cloud video editing platform” it is all jam tomorrow but cold cabbage water today. If Blackbird is the market leader God only knows how its less “successful” competitors survive.

558 days ago

Mosman: chairman and founder walks, when is next bailout placing at this minus 99.9%er?

John Barr founded Mosman Oil & Gas (MSMN) and, alongside Andy Carroll inflicted this abomination on the stockmarket. It was a great penny share pump and promote in the early days The shares are now 0.024p meaning that those who bought at peak ramp just over nine years ago have now lost just a smidgeon under 99.9% of their cash. Today Barr, the executive chairman, has announced he is off as is one long serving gopher, oops I meant NED, John Young.

559 days ago

GOTCHA! Verditek bailout placing at just 0.45p, More disgrace for Gollum and Walters

I shall celebrate my tenth wedding anniversary today with an extra lunchtime ouzo for Verditek (VDTK), a company whose shares were almost 20p at peak Old Mother Walters ramp just two years ago has announced a bailout funding at just 0.45p. Told y’all!

559 days ago

EXPOSE: Another day, another monster red flag at the AIM Company of the year 2022, Tintra

The latest RNS from Tintra (TNT), – shares suspended – raises even more red flags. This is shocking stuff and why AIM regulation is not all over it is mind boggling. Tintra has fired its auditor.

559 days ago

Nate Anderson hits back at Tingo - still brands it a "brazen scam"

Tingo (TIO) claims it has refuted the Hindenburg Research dossier compiled by Nate Anderson. Hindenburg has hit back today, citing our work and anyone owning these shares after this remains bonkers. Enjoy.  

559 days ago

BREAKING Tintra, AIM Company of the year 2022, equity to debt swap stinks – when will AIM regulation bring this rotten farce to an end

Shares in the AIM Company of the year 2022 remain suspended as it cannot get its accounts out on time. But still the news comes and it stinks. Tintra (TNT) has finally issued an update on its long awaited latest investment subscription at 1178p per share.

559 days ago

OptiBiotix Health – further commercial progress, Strong Buy, target 78p

OptiBiotix Health (OPTI) has issued a “Commercial update” announcement, noting commercial progress of its first-generation products range and reiterating plans for each business unit to reach operational profitability by the end of this year. What of this with the shares currently responding up towards 30p?

567 days ago

Shareprophets translation service – Pantheon Resources

Some folks seem to have fallen for today’s non news from Pantheon Resources (PANR) as it tried to push its shares higher ahead of the next bailout placing. As such, the ShareProphets RNS translation service wheels into action again.

567 days ago

Oi Gerry Brandon you arse – the clock is ticking where is that Microsaic Update?

Shares in Microsaic (MSYS) remain suspended on the AIM sewer as it cannot get its accounts out. But with the company now within weeks of having to call in an administrator, surely its repellent and disgraced boss Gerry Brandon owes the company’s owners a statement. Here is the problem. Following accounting fraud emerging with regard to revenue recognition while Brandon was in charge at Deepverge (DVRG) its shares have been suspended pending clarification and all its operations closed down. It now has just one employee but owes Microsaic c£1.3 million.

567 days ago

Argo Blockchain, forget the bitcoin price it NEVER makes money- ghastly interims out

At last year’s Sharestock, that fellow from Boatman Capital patiently explained how Argo Blockchain (ARB) never had made money and never would make money whatever the bitcoin price. And that is why its shares have a fair value of £0. Of course, as bitcoin surged in the first half of this year some investors with PhDs in ignoring FACTS thought they knew better.

587 days ago

Tom Winnifrith Video Shareshow No 30: pantomime villain Andrew Bell of Red Rock Resources and, from Montana, gold loon Nigel Somerville

I am back with these bonus video shows and in this one my job is to play the sceptic though I own Red Rock Resources (RRR) shares – silly boy ! – and have 25% of my portfolio in gold & PGM shares. In this show I interview Andrew Bell of  Red Rock Resources dissect that interview myself and then chat to Nigel Somerville before discussing the gold and PGM shares I own and why. I hope you enjoy the show.

587 days ago

Tom Winnifrith Bearcast: Has WH Ireland dumped its Alien Metals shares and if not why not?

I start with apologies and explanations on 2 Bearcasts appearing later than they should. Then onto Alien Metals (UFO), WH Ireland (WHI), Ashington Innovations (ASHI) and another bombshell due this weekend, BlueJay Mining (JAY) and finally Eurasia Mining (EUA) and Jubilee Metals (JLP)

588 days ago

The brazen fraud Tingo – a new disclaimer

Why anyone owns shares in the brazen fraud Tingo (US:TIO) masterminded by the Foreign Secretary’s cousin the serial villain Chris Cleverly defies belief. Those dumb enough to invest might care to consider an addendum to the risk factors at the bottom of the latest release, the one postponing Q2 numbers and SEC filings for a third time.

605 days ago

Ashington Innovations – and they say Germans don’t have a sense of humour

Ashington Innovations (ASHI) shares are suspended on the Standard List pending the proposed £135 million RTO of a company that is insolvent and mired in wrong-doing. The middle name of its sole director, the struck off dentist Ajan Rejinald is “scandal”. If the FCA allows this deal masterminded by, clearly morally bankrupt, SI Capital to go through it will be a massive stain on its reputation. However…

605 days ago

Matt Moulding of THG really is a prize prick as he hits out at Gabriel Grego & the bear community

I guess if I had floated a business at a grossly inflated 500p share price less than three years ago, getting well paid brokers to overlook shocking corporate governance and a mad valuation I would be pissed off with bears who pointed this out and have coined it in as the shares have crashed to just 90p. Matt Moulding of THG (THG) cashed in to the tune of hundreds of millions of pounds in that September 2020 IPO and has no shame.

607 days ago

BREAKING Ashington Innovation: the struck off dentist and a £135m RTO of a company that is bust - surely the FCA cannot allow this joke to go through

A day after Jason Drummond quit standard listed Ashington Innovations (ASHI), its shares have been suspended on the Standard List for an RTO which, even the FCA must surely block. The struck off dentist, the history of bogus deals and a valuation of £135 million for a company late with its filings and technically insolvent is surely just too much for the FCA to allow. I have already contacted a responsible fellow at broker SI to suggest that its rogue employee Jon Levinson who is masterminding a raise here has gone too far. The FCA is next up, when I get to the Greek Hovel and can work with a clear mind.

607 days ago

Hydrogen Utopia – adverse media comment ( I think it is taking about me!)

Hydrogen Utopia (HUI) likes the sort of media comment where – in return for brown envelopes – members of the NUJ say how cheap its shares are and agree to pie in the sky forecasts. Today, it has put out a statement, clearly referring to my article of yesterday. Ouch, get that handbag swinging Howie White. You are awful but … I like you. Hell’s teeth I don’t actually. Hydrogen states:

638 days ago

Iconic Labs Prospectus Out – it's dilution on steroids – 231 billion shares will be outstanding

Yesterday Iconic (ICON) announced that it had issued its long-awaited Prospectus which resulted in a 40% spike in its share price as punters piled. The Prospectus was not instantly available but now that it is Iconic share price has already dropped back 18% at the time of writing this article.

644 days ago

Caracal Gold – letter to the FCA: please sir chuck out the prospectus

Last week Caracal Gold (GCAT) gave an update for investors where, natch, it did not give us key metrics such as the (lack of ) cash position. It did, however update, us on the position re getting FCA approval for a prospectus which would allow it to issue gazillions more shares so diluting mug punters to buggery. “The company submitted the first draft of the prospectus to the FCA for approval on 18 April 2023. The company is working with its advisers to seek approval of the prospectus by the FCA and will update the market in due course.”

644 days ago

Sylvania Platinum – Q4 report, value and income Buy

Platinum group metals producer from South Africa Sylvania Platinum (SLP) has issued its fourth quarterly report for its year ended 30th June 2023, noting its production exceeded forecasts and “strong cash reserves to allow funding of expansion and process optimisation capital and upgrading of the group’s exploration and evaluation assets with the potential to return value to shareholders”. So what of the shares currently around 70p in response?

645 days ago

Optibiotix – sells SkinBioTherapeutics shares, price target cut from 82p to 78p but still a STRONG BUY as de-risked a bit more

A “TR-1” (shareholding) announcement on the holding of Optibiotix Health (OPTI) in SkinBioTherapeutics (SBTX). So what’s this news?

645 days ago

Online Blockchain – do the maths – what is the cash position? ( hint its grim)

The blockchain to NFT to AI to whatever bandwagon is next entity run by ex ADVFN boss Clem Chambers with well remunerated help from his sons, that is Online Blockchain (OBC), must surely be running on vapours. Finally it seems that investors are waking up to the lifestyle joke that this is. Gone are the days when the shares were pumped by Clem’s pals allowing a placing at 100p. The shares are now just 13p.

645 days ago

Verditek shares sliding – is it bust yet? Or is a discounted placing being forward sold?

The maths on this share tip from disgraced Mike Walters of the frauds Minmet, Polly Peck, 3DM, and the list goes on and on, infamy are clear. Verditek (VDTK) is – as of today running on vapours and unless it can get a bucket shop – deeply discounted – placing away, the shares should be suspended pending clarification. To recap for chairman, Tory Toff, Lord Willetts:

648 days ago

In 1984 Speak MGC Pharma announces “a share purchase plan” - it’s a share sales plan of course

Welcome to newspeak. Well done evil spinners IFC Advisory (of Versarien infamy). War is peace. we have always been at war with Eastasia. MGC announces a share purchase plan. The Ministry of Truth is doing wonderful work. For MGC Pharmaceuticals (MXC) share purchase plan is in fact an offer to sell new shares to the mugs already on the shareholder roll. And the excuse?

648 days ago

BREAKING: David Lenigas screws his shareholders AGAIN – Pennpetro suspended

David Lenigas has ramped the insolvent standard list company where he has seized control, PennPetro (PPP) on twitter with gay abandon as we have detailed here on a number of occasions. I hope those who ignored our numerous warnings of its technical insolvency, shit assets and Lenigas ramping lubed up, for today the shares have been suspended.

649 days ago

Tintra Results part 2 – still reliant on legacy assets and disposals to remain solvent

Following on from the first bombshell exposes in today’s results from Tintra (TNT) there is worse to come and anyone holding the shares really needs to lube up as this is quite shocking.

650 days ago

Tom Winnifrith Bearcast: Avacta sliding this looks fishy, time to bang out a big short?

I start with a housekeeping announcement on the Probiotix video before turning to the woke economics lunacy that is Woman’s Hour. Then it is onto Chill Brands (CHLL), could it be another Dev Clever (DEV)?, Canadian Overseas Petroleum (COPL), Versarien (VRS) and finally Avacta (AVCT), is it trying to do another placing and the other reasons why its shares are such a strong sell. 

652 days ago

Cineworld: Some bears are on the pitch, they think it’s all over – it is now!

The FCA should have suspended trading in the shares of Cineworld (CINE) weeks ago as I explained HERE but its crack team of regulators was too busy on the latest report into how the transgender pay gap in financial services is causing global warming to actually bother applying its own rules. But today the shares have been suspended. It is game over. They are officially worthless. Having called them as a sell at almost 200p that’s an ouzo on cornflakes moment for myself.

653 days ago

Tom Winnifrith: Optibiotix 7p to 37p in a week ( now 33.5p) – is this insane? My new valuation and target price

7p was the wrong price for shares in Optibiotix (OPTI). Anyone who has watched last Thursday’s video interview I did with Steve O’Hara HERE will agree. But what about 37.6p where they are now valuing the company at £33 million? Is that crazy? I write as a shareholder for more than 10 years!

653 days ago

Tom Winnifrith Bearcast: NO! I did not say buy Optibiotix at 119p!

Optibiotix (OPTI) shares are now 32p and still cheap. How cheap? I will be doing a detailed piece with revised numbers within 48 hours. But first I respond to a bit of trolling. And I flag up who my next CEO guest is on the video show. Then I look at Trackwise (TWD), Wandisco (WAND) and Brighton Pier (PIER)

653 days ago

Ceres power shares puking again on yet another lack of profits warning.. the scene at the Stacey residence

One can almost picture the scene at the house named after Saint Monbiot this morning as one shareholder started his day…

653 days ago

Wandisco – shares relist and collapse by 96% and still a bargepole stock!

After a $30 million bailout fundraise at just 50p, shares in Wandisco (WAND), suspended at 1310p, have relisted, crashed and are now just 49p but I would not touch the stock with a bargepole and here is why.

653 days ago

BREAKING: Evil Banksta writes to the FCA regarding Cineworld’s listing and rule breaches

Evil Banksta is the sort of naïve chap who thinks that the FCA actually bothers implementing its own rules. If I had a bridge to sell I know who I’d be selling it to. He has again written to the FCA pointing out that the crack regulators are ignoring their own rules regarding Cineworld (CINE) in not suspending the shares at once for a failure to publish results. The credulous fellow writes in his own name:

654 days ago

Supply@Me Capital – why doesn’t it comply with UK disclosure requirements over stock loans taken out by its CEO? And as for the FCA!!!!!

Today marks the repayment date for the loan to Stock Loan Solutions LLC over 778,571,429 Supply@ME Capital (SYME) SYME shares. So far there has been no RNS issued about whether Alessandro Zamboni has repurchased the shares or as is much likely simply let the deal lapse as in reality, I suspect that Stock Loan Solutions LLC sold its shares years ago at much higher prices than today.

654 days ago

Eight Capital Partners – why bond holders should reject the debt for equity swap

Eight Capital Partners (ECP) shares remain suspended as a result of my letter to the Financial Reporting Council about its inappropriate accounting treatment of its investment in the 1AF2 Limited bond described below in Eight’s RNS of 3 July 2023:

654 days ago

Martin Sorrell screws up again – yet another profits warning from S4 Capital

“Resigned” from his last job at WPP after a scandal involving claims about expenses and a £300 hooker, Sir Martin Sorrell is still the BBC’s go to man as a great and the good fellow to opine on matters such as Brexit (bad), global warming (man made) and being a business visionary. Shares in his latest venture S4 Capital (SFOR) were 800p 22 months ago. They are now 116p after yet another dire profits warning. I wonder of the visionary foresaw that?

655 days ago

XPS Pensions – disposal and “strategic partnership” agreement further boosts shares, but still further upside

Pension consulting and administration group XPS Pensions (XPS) has announced an agreement to sell principal employer and scheme funder of the National Pensions Trust, XPS Pensions (Nexus) Limited, to SEI and for a strategic partnership between the organisations. What’s the detail and what of a current share price response up further to around 190p?

655 days ago

Deepverge - where are the shareholders' fleet of top of the range sports cars?

Deepverge (DVRG) has all the hallmarks of being a zero, a once £70 million company going bust. Its shares are suspended and mug punters have lost everything. But ….

655 days ago

The Looming suspension of Tintra – three possible reasons and none of them good

I have warned you often enough that Tintra (TNT) would blow itself up and it has now issued a RNS stating it is faces delay in getting its audited accounts for the year to 31 January 2023 finalised after six months and might, as a result, get its shares suspended on August 1. This is a massive red flag but what is the problem?

656 days ago

PennPetro - Lenigas twitter ramp when is next placing for this insolvent POS? And where are the shareholders yachts?

Without mentioning that he is the chairman, shameless David Lenigas is again ramping shares in technically insolvent Pennpetro (PPP) again as you can see below. You might care to note from where Lenigas is tweeting.

656 days ago

Argo Blockchain – as predicted discounted placing, clearly far less raised than had been hoped

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…

656 days ago

Audioboom Piss Poor Interims: Gary Newman should have listened to the boss part 77

Oh dear. How is stale bull Gary Newman faring this morning? Audioboom (BOOM) about which I warned the complete-angler has served up half calendar year numbers which are, at every level, piss poor and the shares have slumped to just 180p. Please, young Gary, don’t go bottom fishing, for there is worse to come!

657 days ago

TT Electronics – a recovery BUY

Shares in ‘engineered electronics for performance critical applications’ company TT Electronics (TTG) were above 200p as recently as April, but are now available at a 153p offer price. Following an AGM trading update in May and with half year results scheduled for 3rd August, we now consider the shares a recovery Buy.

657 days ago

Tom Winifrith Bearcast: Preening and greedy actors get to learn how it feels to be a fired supermarket worker: good!

I start with why I have reported a Predator Oil & Gas (PRD) shareholder to the Leicestershire OId Bill – #BoycottWoodlandsWholesaleNursery. I’ve had enough of it all and sooner or later some moron is going to get his collar felt. Bring it on. Then it is onto Versarien (VRS), Zoo Digital (ZOO), actors and porn actors and the march of AI, MGC Pharmaceuticals (MXC) and Argo Blockchain (ARB) whose shares are surging.

657 days ago

More ouzo needed – Massive new vindication: MGC Pharmaceuticals keep the lights on placing at just 0.12p

Shares in this dreadful company were 2.25p with the company capitalized at £70 million on January 11 2022 when I published a, crammed with red flags, dossier. Bulletin Board critics and advisers said I had it all wrong. Today the shares have collapsed by another 55% to just 0.115p after a bailout placing and warning that the Fat Lady may have a gig. More ouzo for a once again vindicated sheriff who has warned folks so many times.

657 days ago

Tom Winnifrith video ShareShow Number 27 featuring Steve O'Hara of Optibiotix and Lucian Miers

I am back with these bonus video shows. I am still re-adjusting myself to zoom so if my face looks a bit funny there is a reason. In this show I interview Steve O’Hara of Optibiotix (OPTI) and short seller Lucian Miers on 4 short ideas. I also comment on Versarien and the inevitability of Neill Ricketts dumping his shares. I hope you enjoy the show. 

658 days ago

Versarien – another placing at just 1p, death merely postponed!

Just 1p! Yes you read that right. Gone are the days when Neill Ricketts was dumping shares at almost £2 and mug punters used to discuss whether fair value was £10 or £100 and how to get myself and Lucien Miers killed. That is in the past. Today Versarien (VRS) has raised just £650,000 gross to keep the lights on for another three months. But it is still screwed.

659 days ago

MusicMagpie dismal numbers, just look at those ballooning borrrowings!

I flagged up earlier how these numbers from musicMagpie (MMAG) breach IFRS rules but that is really the least of the company’s problems. When the company floated in April 2021 it was profitable and had net cash. Now it is drowning in debt and loss making. Thank heavens that founder shareholders including the CEO’s wife were able to dump £95 million of their shares at the 193p IPO onto dumb fund managers. The shares are today 15.5p.

659 days ago

FinnCap – the legacy of MSM postergirl Sam Smith – truly dismal results ahead of Cenkos merger

IPO’d by Sam Smith, the woman celebrated by the sisterhood and woke media as the postergirl for feminists in the City, at 27p per share, shares in FinnCap (FCAP) are just 7.75p today after the publication of shockingly bad results for the year to March 31. Smith stepped down in September and within weeks there was an awful profits warning and the new CEO had to start slashing costs to survive. Then came a merger with also suffering Cenkos (CNKS), two drunks propping each other up. This is the legacy of Sam Smith, who told the Daily Mail she only stepped down to start getting some “how’s your father.” The reality is Smith fecked it up.

663 days ago

Bidstack – sack the board GM to go ahead but it looks doomed even though Bidstack admits rebels have a point

The real issue for Bidstack (BIDS) is that it is rapidly running out of cash and, with the shares at just 0.725p, giving a market cap of just £6.75 million it will be incredibly hard for the death spiral provider with whom it is talking to find enough liquidity to fund a material amount. So the company may well be brown bread by the Autumn anyway. As such, who steers it onto the rocks is irrelevant.

663 days ago

The Odey Shares – a handy table c/o Shares Magazine

As the empire created by the alleged sex pest Crispin Odey collapses many of his former funds find themselves forced sellers of arrange of stocks which as we saw with Shanta Gold (SHG) can whack the share price of individual shares. Shares Magazine has a helpful table of those companies most exposed as at July 3. The percentage is the amount of the equity held in funds managed, in the good old days, by the sex pest empire.

663 days ago

Canadian Overseas – another day more confetti issued – the death spiral provider is panicking

Here we go again. This time 2.447,980 shares have been issued at 6.38p following the conversion of just $200,000 of death spiral bonds. Meanwhile to settle $400,000 of interest liabilities and other sums due to the death spiral providers another 15.090421 million shares have been issued – that would be under the VWAP formula at 2.07p. So that gives a blended issue price of 2.63p.

664 days ago

Microsaic suspended, running out of cash and probably fucked (by Brandon) but did it mislead investors?

On Monday of last week shares in Microsaic (MSYS), run by Gerry “the arse” Brandon whose fraudulent revenue recognition and breaches of AIM Rules had already seen Deepverge (DVRG) shares suspended and the company teetering on the brink, were suspended from AIM It could not get its 2022 accounts out on time. But did it mislead investors as is the wont of Brandon.

665 days ago

Vast Resources: bailout placing, still technically insolvent, no news from Zim ( cheque not even in post yet)

What’s not to like? It was back on February 6 that Vast Resources (VAST) said that it had received a Court Order that it could get its mitts on a parcel of rough diamonds stashed in the Central Bank of Zimbabwe and that sent the shares soaring to 0.7p.

665 days ago

Procook founder and CEO walks just 20 months after IPO – anyone not smell a rat in the kitchen?

When you float a business on the AIM Casino your Nomad will stress to you that the IPO is not the end of the journey but the start and as CEO you are there to grow value over many years for those backing you with their cash. And that brings us to ProCook (PROC) where founder shareholders, notably CEO Daniel O’Neill made £27.4 million selling shares to poor dumb fund managers in November 2021 as the company joined the casino. Today O’Neill has stepped down.

665 days ago

Tom Winnifrith Bearcast - daring to disagree with Chris "three brains" Bailey

I start with some macro matters, base rates, house prices, the madness of Malcolm in buying housebuilders, etc. Then it is on to Currys (CURY) where Chris is wrong about the shares and where my experience as a customer is not good. Then its cash crisis ahoy at Colin Bird’s Bezant Resources (BZT) and finally when is it a good time to stand down as CEO and what can it mean, I refer to FinnCrap (FCAP) and to Pod Point (PODP) PS I reckon that FinnCap is due another profits warning PDQ as is its proposed merger partner Cenkos (CNKS). 

665 days ago

Canadian Overseas – more death spiral conversions at a loss: can you see the writing on the wall yet trolls & morons?

Clearly, holders of the remaining $25.8 million of outstanding death spiral bonds are desperate to get out at any price to reduce their exposure to Canadian Overseas Petroleum (COPL),a company teetering on the bring of insolvency. Today there is news of more conversions at a level where the forward sold shares cannot surely be sold at a profit?

669 days ago

Versarien says turnaround on track, if so then so too is my plan to shag Cheryl Cole

At a GM called to authorise the issuance of lorry loads more worthless shares, the chairperson of Versarien (VRS) claims its turnaround is on track. Bollocks. Chairperson Dianne Savory has yet to apologise for not stopping a culture where, egged on by the ex-CEO, shareholders discussed having me killed and plotting to get my wife sacked so is someone not fit to chair a public company. Worse still, her claims are utterly delusional.

670 days ago

BREAKING: Supply@Me Capital – proof of its technical insolvency as of 30 June 2023 in its hidden prospectus

Having got shares in its bastard little brother Eight Capital Partners (ECP) suspended this morning it is time to turn to the fraud Supply@ME Capital (SYME) whose shares should also be suspended, in this case, pending clarification of its financial position. It may be capitalised at £79 million at 0.129p but technically it is bust.

670 days ago

Canadian Overseas – confirmation largest death spiral bond holder is converting and selling shares at a loss & there's much more to come

Oh dear, oh dear, the really bad news is that even after its most recent bout of forward selling and bond conversion, Anavio Equity Capital Markets Master Fund Limited still owns 50 units of 2027 Bonds and 58 units of 2028 Bonds, convertible on their terms, in the aggregate, into 264,381,840 Common Shares, representing approximately 27.1% of the issued and outstanding Common Shares, and 104,608,558 Warrants, representing approximately 10.7% of the issued and outstanding Common Shares on a fully-diluted basis. It owns no shares. But…

670 days ago

Supply@ME Capital – a transaction on which it will make just £54,000 (at most) over 3years is not worth £4 million!

The fraud Supply@ME Capital (SYME) is technically insolvent yet its shares are today up by 5% to 0.134, adding £4 million to its market cap – taking it to £82 million which is pretty full for a company that is bust – on news that it has completed a transaction which in the best case scenario will net it £54,000 revenue and probably no profit at all over 3 years.

670 days ago

Leopards don’t change their spots – Harland & Wolff, and boss John Wood

On Saturday in bearcast I pointed out that the 5.56 PM Friday released results from Harland & Wolff (HARL) showed it to be insolvent and that things were only going to get worse. Anyone owning the shares is insane. Evil Banksta has been in touch to point out that, as ever, I was too kind.

671 days ago

Supply@Me Capital – it is time for clarity over the 1,615,253,000 share stock loan to High West

It’s surely time for Albert Ganyushin, the Chairman of the fraud Supply@ME Capital (SYME) to force CEO Alessandro Zamboni to clarify what has happened to the shares which Zamboni’s 100% owned company, the AdvantGarde Group Spa (TAG) has given to three loan companies. At investor meetings Zamboni’s risible excuse is that he is unable to comment on TAG’s intentions but as he claims to own 100% of TAG’s shares, clearly TAG’s intentions are the same as his intentions.

671 days ago

The fraud Supply@Me Capital – looking at the murky Tradeflow deal from the perspective of Tom James and John Collis

We know that Supply@ME Capital (SYME) paid £4,000,000 in cash and issued 813,000,000 shares to Tom James and John Collis for the acquisition of Tradeflow Capital. Following the issue of the 2021-year end accounts, SYME issued the two vendors a further 213,525,520 shares as deferred consideration which resulted in total holding of 1,026,525,520 shares. Under the vendors buy back of 81% of Tradeflow, Alessandro Zamboni’s AvantGarde (TAG) paid £2,000,000 for the 1,026,525,520 shares held by Tom James and John Collis as described below:

671 days ago

Optibiotix – could a deal with Coca Cola on its own make this a multibagger?

I own the shares and I think that even without any deal the shares will multibag, as I explained in a podcast after the piss poor results HERE. And I would argue that the odds of Optibiotix (OPTI) securing a transformational deal with Coca Cola to put the “sweet” into diet coke are long. But I can reveal that they are talking and with good reason.

671 days ago

Canadian Overseas: maybe Gary was wrong and I was right after all? More confetti vicar?

Yesterday, in bearcast, I noted that Gary and Lucian were saying that the death spiral provider would not forward sell shares and then convert loan notes as the price was too low and maybe they were right about this and I was wrong. Well maybe not.

672 days ago

BREAKING: Advanced Oncotherapy some bears are on the pitch, they think it’s all over….it is now!

At Sheriff and Deputy Sheriff Towers it is lashings of ouzo on the cornflakes today as Advanced Oncotherapy (AVO) has suspended its shares pending clarification of its financial position. That won’t take long: it’s bust! Folks really cannot say that both the Sheriffs did not warn the that this would end in tears more than 300 times over so many years as you can see HERE

672 days ago

Dishonest Pantheon Resources: Nobody likes us but shareholders should care – STILL a stonking SHORT

Peter Brailey and myself have been long term bears of Pantheon Resources (PANR), with Peter making a short thesis at 121p the centre of his ShareStock presentation in 2022. Who will he expose this year? The shares are now 12.5p after a presentation yesterday which revealed the dishonesty at the heart of this worthless POS. Even at this level the market cap is £120million and it is s stonking short.

674 days ago

Another ouzo for the Sheriff as Procook swings into loss and warns yet again

I explicitly told you to duck this IPO in November 2021 when founder shareholders dumped 27.4 million shares at 145p and Procook (PROC) raised nothing for itself. Time and time again I have been vindicated and though CEO Daniel O’Neill periodically spoofs the mugs with token share purchases, a fraction of his IPO “winnings”, the shares have continued to slide. Today after piss poor finals and a profits warning they are just 25p. And that is generous.

674 days ago

Ben’s Creek – a non exhaustive list of 27 red flags, market cap £41m insane, target price still 0p

The previous owners of the assets within Ben’s Creek (BEN) went bust. This is a low grade producer in a cyclical industry and so I fully expect the pattern to repeat itself. The shares are down again today to 11.75p. My target price here is 0p. This company has always been drowning in red flags, I offer you a non-exhaustive list, perhaps readers can add others.

674 days ago

Canadian Overseas shareholder wants to cremate Tom Winnifrith and Gary Newman then Guillotine us both

675 days ago

Ben’s Creek now it has to borrow at credit card rates: more red flags vicar?

Luckily for MBU (mining advisor Mr. Adam Wilson of Daniel Stewart infamy) it has been dumping its shares in Ben’s Creek (BEN), CEO Mr. Adam Wilson of Atlantic Carbon/Coal infamy as fast as it can. Because today there is news of two more events in what is becoming an increasingly less slow motion car crash.

677 days ago

Dire warning from Audioboom, poor Gary Newman: he should have trusted his site Editor

It’s ouzo on cornflakes this morning for the Sheriff of AIM as Audioboom (BOOM) has served up another dire, and, I suggest, misleading lack of profits warning. For fanboy Gary Newman it looks like cold cabbage water tonight. And if anyone is thinking of bottom fishing as the shares have slumped by 23% to 216.5p. Don’t! Things will get worse.

677 days ago

BREAKING: Shanta Gold – surely this is price sensitive so should be an RNS not part of a Proactive ramp?

Last night Shanta Gold (SHG) gave a presentation at Proactive Investors. Paying for proactive to ramp your shares is always a bit of a red flag but I reckon Shanta shares are cheap notwithstanding that. However slide 4 of 18 raises, to say the least, eyebrows. It states:

679 days ago

Wildcat Petroleum - you cannot defy gravity forever

Wildcat Petroleum (WCAT) lied in its first RNS, claiming to have raised £600,000 pre IPO when, in fact, the cash arrived only after the IPO so allowing punters to sell their stock into a pump and pay for it afterwards. That should have told you everything. At peak ramp just over two years ago the shares were 3.7p. Today they have slumped by 22% to 0.35p but guess what?

679 days ago

B.P. Marsh & Partners – full-year results, shares further up but still value? You bet!

Investor in early stage financial services businesses B.P. Marsh & Partners (BPM) has announced results for its year ended 31st January 2023 and emphasised a three year strategy to return £13 million to shareholders and that it is looking forward to reporting further progress for the current financial year.

679 days ago

Tom Winnifrith Bearcast: Now the Avacta witch-hunt starts

In today’s podcast I discuss Avacta (AVCT), musicMagpie (MMAG), Kefi Gold & Copper (KEFI), Ariana Resources (AAU), Colin Bird’s African Pioneer (AFP), the culture at Odey and why ALL its staff should pay (footnote it is RAB not Odey that owns shares in Kefi, apologies long covid strikes again), what a Labour Government really means for business and investors and Joshua’s school sports day later on.

679 days ago

David Beckham's Cellular Goods – it’s a “partnership” spoof

The David Beckham backed POS Cellular Goods (CBX) has still refused to explain why it has given away 16% of its equity to a crony mate of its founders Bixby & Edwards (who have since IPO dumped all their shares) for a start up in the seaweed to net zero space with no business. And so as it hurtles towards running out of cash by Christmas, it is trying to spoof investors to allow the spivs at Novum to get a bailout placing away. Today there is an obvious spoof.

679 days ago

Photo Article: Woodlarks, with only 9 miles left to go, guess who has appeared?

The Rogue Bloggers have only 9 miles left to Trek. But someone who wasn’t there 25 miles ago has now joined in, Mr Andrew Bell. With fresh legs he is in fine form and , as is his wont, tells me how cheap are shares in Red Rock Resources (RRR). Where have I heard that before? We have now raised , with gift aid, more than £26,000 Please help us to help Woodlarks with a tenner  here.

679 days ago

BREAKING BOMBSHELL: GOTCHA - Avacta working on a £10 million placing at 90p – City source

Despite already having a £55 million death spiral in place, my City source tells me that Avacta is working on yet another, naturally discounted, placing. The shares falling by 3p to a new year low of 99p on Friday in decent volumes is NOT as coincidence.

680 days ago

#BoycottWickes – the DIY store shoots itself in both feet in Pride Month

Having wondered which woke UK PLC would cause the most damage to its business with an idiotic gesture, I think we have an answer. It is DIY chain Wickes (WIX). Its shares are down by a couple of percent today, but the backlash is only just starting. #BoycottWickes is now starting to trend on twitter. So, what was the gaffe?

680 days ago

BREAKING: Mooky emails staff at Cineworld that administration & share suspension nigh, natch no RNS. Fuck the shareholders

On the Cineworld (CINE) shareholders Telegram home for deluded fools the following email purporting to be from Cineworld boss Mooky Greidinger to some of his staff has appeared suggesting it is going into administration. Natch, Mooky has not bothered to tell shareholders the bad news via RNS as he views them with contempt. The shares are 0.7p ( a £10 million market cap), down from 200p+ when I first warned you all. The target of 0p should be reached within hours. The email reads:

680 days ago

Bidstack – why are we STILL waiting? Surely a statement needed?

I am sorry to be something of a pedantic bore but the lack of published results for calendar 2022 from Bidstack (BIDS) is now becoming really alarming. Is it confident that it will get the numbers out by June 30th to avoid its shares being suspended? If there is a possibility it might not, surely a statement is called for?

682 days ago

Big Dave Lenigas slated by disgruntled shareholders for NOT ramping shares in a Telegram Group

I kid you not, David Lenigas appears to have gone all shy and one investor in the dog Pennpetro (PPP) has had enough. He tweets & the spelling error is his not mine!:

682 days ago

The dog Versarien calls new GM to allow it to do another bailout placing – do the math!

An explicit warning from perma-dog Versarien (VRS) that it is almost certain to do another bailout placing soon might convince even someone as stupid as penny share grifter Doc Holliday that holding these shares is financial suicide. The company has today announced that it is calling a GM to give it the authority to issue more shares.

682 days ago

Jim Mellon, why appoint these illiterate wokesters? Despite it I am still quite tempted by Agronomics shares

I understand that many listed firms feel the need to hire an IR/PR firm. Actually they should resist the urge, it is just another cost centre and adds no value at all, in terms of generating free cashflow. It is not as if the posh twits who inhabit the world of PR can actually polish turds or turn a good company into a great one, their exorbitant fees subtract from the NPV of a company, they do not add to it.

682 days ago

Canadian Overseas Petroleum – talking to a death spiral expert on why its death spiral is doomed

Yesterday I flagged up that shares in Canadian Overseas Petroleum Limited (COPL) had slumped from 25p when I first warned to sub 4p, “into the threes”. Today they are slumping again and are just 3.25p to sell. How soon the “terrible 2s”. As it happens I was chatting to an expert in death spiral financing and he explained why the death spiral at Canadian was and still is a suicide trap for all concerned.

682 days ago

Cineworld shares slump 21% on Sky Report but still £10 million market cap is £10 million too high

Cineworld (CINE) has already warned numerous times that shareholders are going to get wiped out. Last night Sky reported HERE that the UK PLC would be put into administration this week. Natch, Cineworld which has always treated its shareholders with contempt has not issued an RNS.

682 days ago

Tingo: Jen Knickerbocker at Deloitte emailed as first class action against the $7 billion Tingo fraud filed

Shares in Tingo (US:TIO) were trading at more than five dollars a couple of weeks ago but closed yesterday at just $0.96 after another day of panicked selling. Long gone are the days when this fraud had a $7 billion market cap. Yesterday I dropped an email to Jen Knickerbocker. I am not making that name up.

682 days ago

Canadian Overseas – the slide into the 3s: this is what happens when a death spiral meets slumping liquidity

I mentioned this in yesterday’s bearcast but when a company’s market cap and the liquidity in its shares slumps, a company facing a death spiral can find itself in an increasingly vicious circle impoverishing its poor shareholders. When, to much abuse, I first explained last year what a complete dog was Canadian Overseas Petroleum (COPL) its shares were 25p. The shares are now just 3.75p to sell.

685 days ago

Mercantile Ports and Logistics – Floated at 2500p in 2010, placing today at 3p: who is mad enough to stump up? The curse of a Tory toff on board

I kid you not. Allowing for a share consolidation, shares in Mercantile Ports & Logistics (MPL)  – now 3.5p – really are down 99.86% from the IPO, not bad for a safe real estate development company operating in one of the world’s fastest growing economies (India). Okay so the last CEO has recently pleased guilty to a $300 million US securities fraud, we have highlighted numerous red flags on this website over the years but it has a Tory toff on board ( Lord Flight) so I suppose it must be terribly pukka after all. Today, yet another placing and retail offer with £8.9 million raised at 3p. Who could be so mad?

685 days ago

Amigo shares double but are still almost certainly worthless

Failed loan shark Amigo (AMGO) has reiterated that it is still proceeding with an orderly wind-down of its business which will see “no residual value for shareholders”. But, a crazy guy called Michael Fleming has approached it with a view to making a debt investment in the Company or its subsidiaries.

685 days ago

Vast Resources – was the Zim Diamond heist a spoof after all? GM Called for more confetti issuance

Since 6 February this year Vast Resources (VAST) shares have soared, notwithstanding one bailout placing, on claims that it would very shortly be getting its mits on 129,400 carats of rough diamonds held in “safe custody” at the Reserve Bank of Zimbabwe. Even as the shares raced ahead to almost 0.7p shareholders in this company with shite assets and run by charlatans were still sitting on 99%+ losses such as been the industrial scale value destruction via share issuance and boardroom greed over the years. Today came some reality. And then like Vast’s dreams they fade and die…

685 days ago

Versarien Interims – pumpers lead by Doc Holliday exposed, the numbers are even more terrible than I expected

Those who have pumped Versarien (VRS) shares up to 6p of late via podcasts, twitter and chat room posts should hang their heads in shame. You know who I mean Doc Holliday For results for the six months to March 31 are out today and are just shockingly appalling even by the standards of this POS. Insolvency clearly looms on the not too distant horizon.

686 days ago

O’Hara – NO we are NOT dumping Skinbiotherapeutics shares

I am told by at least one reader that a 1 million shares sale in Skinbiotherapeutics (SBTX) MUST be Optibiotix (OPTI). The bulletin boards are full of ill-informed speculation. I am in a good mood today because West Ham are Massive so I shall not label such folks morons. Okay I will. They are morons. I have swapped emails with both Steve O’Hara of Optibiotix and Stuart Ashman of Skins.

686 days ago

BREAKING: The strange alleged criminal links to ICG-Longbow Senior Secured UK Property Debt Investments Limited

On 13 January i published a short bear dossier on ICG-Longbow Senior Secured UK Property Debt Investments Limited (LBOW) focussing largely on the carrying value of RoyalLife. The shares were then 52.5p. Natch Longbow “refuted” me via RNS. The shares are now 36p but, with what follows, I suggest still monstrously overvalued. You can short this.

687 days ago

Deepverge: Oh Dear, Oh dear, the legacy of disgraced Gerry Brandon, yet more bad news and this could be terminal

Just 7 months ago Deepverge (DVRG) was celebrating the raising of £10.8 million by the esteemed firm of Turner Pope. Today there is a warning of redundancies amid an intensifying cash crisis and that the shares could be suspended in just 26 days for not getting its calendar 2022 results out on time. Oh dear, oh dear: anyone got a number for the Fat Lady?

687 days ago

Vesuvius plc – a markets recovering Buy?

Describing itself as “a global leader in molten metal flow engineering and technology”, a recent trading statement from Vesuvius plc (VSVS) included that its end-markets recovery pace “remains slow and uncertain”, but that they have started to recover from a low level of the end of last year and that its current trading is ‘ahead of initial expectations’. With this adding to confidence of its performance as its end markets recover and a good dividend yield whilst we wait, at a 417.8p offer price and up to 420p, we consider the shares a Buy.

687 days ago

XPS Pensions – positive full-year trading update, Buy

Recommended in May at a 167p offer price, UK pensions consulting and administration group XPS (XPS) has since stated that it “is pleased to provide its post-close trading update (unaudited) for the year ending 31 March 2023 ahead of its full year results expected to be released on 22 June”. With the shares currently slightly up, how ‘pleasing’ was the announcement?

687 days ago

IQE, Drew Nelson and the scumbag scallywags at Equities First – another sordid chapter of pretence

Equities First holdings offers a service where CEOs of companies where the CEO knows the stock is going to tank, pledge shares to EFH in return for a loan at c65% of the value of the shares. We exposed this scam back in 2019 when EFH first open up shop in Britain. EFH ALWAYS dumps the shares on day one so locking in a neat 50% profit and when the shares tank the directors are faced with a margin call and default.

691 days ago

Tingo threatens the bears with legals (again) so here is something from Google to explain about Tingo's 9 million supposed customers

Tingo (TIO) reckons that its shares collapsing is all down to a New York broker pretending to do a placing and to “of false and malicious allegations on certain bulletin boards, social media accounts and websites” so it has called in its lawyers. Again. Just to assist I have another oddity for the lawyers to have a butcher’s at.

692 days ago

Advanced Oncotherapy Statement Needed NOW as shares collapse and company is out of cash by its own admission

Is it not time for an update from Advanced Oncotherapy (AVO)? Comrade Evil Banksta who is short has dropped me a short note which seems perfectly sensible to me.

692 days ago

Tom Winnifrith Bearcast: why I am never short

I start with a few political matters which make me despair and then explain the two reasons why, contrary to what you may read on Bulletin Boards I am NEVER short of shares.

692 days ago

Tom Winnifrith Bearcast: A lesson for Malcolm on "cheap" PEs, Phil Schofield and the real scandal at ITV & Tesco's John Allen and the witchhunt

I start with the suffering I am about to endure at the Chapel holiday camp and urge you to consider the pain and donate to Rogue Bloggers for Woodlarks HERE. Then it is onto Malcolm’s earlier piece on PE’s and shares and why he may be wrong. Then to what appears to me to be a vile #MeToo witch hunt against Tesco (TSCO) chairman John Allan and then onto ITV (ITV), Phil Schofield and the real scandal and why more heads should roll.

694 days ago

B.P. Marsh & Partners – Kentro sale agreement looks to further highlight value, Keep Buying

Early stage financial services businesses investor B.P. Marsh & Partners (BPM) “is pleased to announce the disposal of its entire 18.7% shareholding in Kentro, subject to FCA approval being granted”. With the shares currently up to 334p to buy in response, how ‘pleasing’ is the prospective disposal?

694 days ago

Essentially this is a joke IPO right?

On 17 March 2023 Essentially Group (ESSN) listed on the Aquis Lobster pot having raised £600,000 at 50p. Amazingly the shares are now 54.5p thanks to a series of fairly trivial buy orders since the IPO. But today, just two months after the IPO there is bad news.

694 days ago

Amur Minerals – 1.8p on the way in dividends on June 14 so why are the shares only 1.8p?

Thanks to my article HERE, Amur Minerals (AMC) was forced to put out a hasty statement on 24 May giving its investors on a proposed 1.8p per share dividend. The good news is that we now have a record date ( June 2), an ex dividend date (June 1) and a payment date (June 14). The bad news and uncertainty…

697 days ago

BREAKING: Valereum Blockchain – yet more undeclared related party deals Reverend Poulden?

Of course, the big undeclared (until the last minute) related party deal was the sale of Valereum’s (VLRM) bitcoin mining machines to the Lenigas spoof Vinanz (BTC), originally posited as an arm’s length deal. Many moons later as the Vinanz IPO finally happened the prospectus revealed that Valereum boss Richard Poulden owed a stack of low price (0.25p as opposed to the 3p IPO price) shares in Vinanz. But here is another stinker which emerged yesterday …

697 days ago

Tom Winnifrith Bearcast: Dear Jonathan let me explain logic to you, I did not NOT say all Ukrainian women are hookers

Think of my suffering. On June 17 I shall walk 34 miles and be lagging at the back of the pack with my friend Jonathan Price who will have 16 hours to explain to me why Brexit was a disaster, how 17.4million of us are dim or Xenophobic or both and how the fraudster Carole Cadwalladr is the greatest living journalist. Think of my suffering and please donate HERE as we approach ( with gift aid) £10,000 raised for Woodlarks. In today’s podcast I discuss Pantheon (PANR) – target price 6p? – BSF Enterprises (BSFA), Versarien (VRS) – shares up 50% today – and Cineworld (CINE), still 100% overvalued. .I also look at Cellular Goods (CBX) and the state of seaweed to carbon zero technology referencing THIS ARTICLE.

698 days ago

Doc Holliday does his conkers on More Acquisitions but its statement just does not add up.

Fresh from doing his conkers on going long of Versarien (VRS) it seems that the scouse penny share hustler Doc Holliday has come a cropper once more buying 8 million shares in More Acquisitions (TMOR) at a penny. Oh dear, More is rapidly becoming less as its proposed RTO of Megasteel is, er renegotiated.

704 days ago

Lansdowne Oil & Gas – was I wrong to be bearish? a shareholder writes

I argued, as the shares collapsed yesterday, that my long term bear thesis on Lansdowne Oil & Gas (LOGP) was now vindicated, But a shareholder, who is no fool, thinks I may be wrong. I am prepared to accept that I am sometimes wrong so for balance, the punter writes:

704 days ago

David Lenigas you old spoofer: Vinanz is going to get a dual OTC US listing, rampity ramp!

Vinanz (BTC) The sub scale bitcoin miner which does crazy deals with pals of its founder David Lenigas listed on the Aquis lobster pot at 3p. Its shares are today, despite Lenigas personally hoovering up any (loose but wise) sellers, still just 3p to sell as nobody is buying the Lenigas bull. Since Lenigas and his pals like Richard Poulden got in at 0.25p they don’t care but instead the company serves up another bullshit spoof.

704 days ago

UPDATED: Avacta – valuation is surely still bonkers

I am a perma bear of Avacta (AVCT). I don’t rate its management and am sure the feeling is mutual. But the valuation is bonkers. I was bearish ahead of the placing in December in which Avacta tried to raise £15 million but raised only £9 million. I think the acquisition of Launch financed by a death spiral was crackers but for a while I was whistling in the wind as the shares were ramped to 183p. They are now back at 113p but that is still a nutso valuation.

704 days ago

Photo from Blackpool, the offices of the Vaping Group - do you still buy the Chill Brands spoof?

Yesterday shares in Chill Brands (CHLL) raced ahead as it signed a distribution deal with The Vaping Group Limited. I called it a spoof now here is a photo which rather makes my point.

704 days ago

When’s the next bailout placing at Voyager Life – spoof operational update

Chaired by Eric Boyle of disgraced Stanford Rook ( Stanford Crook to its pals), Voyager Life (VOY) has been a disaster for investors since its listing in June 2021 at 58p. I have managed to get the shares suspended once and exposed this red flags laden, rogue-run, POS more than once. If “old” Liam Murray at Cairn had any sense at all he would quit as its Aquis adviser. Instead we have another spoof RNS operational update designed to pump the shares, now just 11p to sell, ahead of the next bailout placing, needed within weeks to avoid bankruptcy.

713 days ago

BREAKING: Purplebricks business sold for £1 to Strike – shareholders to get just 0.65p next year! (or less!)

Oh dear, oh dear. Shares in the online estate agency Purplebrcks (PURP) once traded at more than 500p as Neil Woodford filled his boots (with other folks cash) and commentators such as the shop worker Paul Scott gushed about how disruptive the cash guzzling company that ripped off its customers by taking payment even though most properties were not sold, was going to be. Today the business, nearly all the assets (bar £5.5 million of cash) and the liabilities are being sold for just one quid to SPV Strike. What will shareholders get? If they are lucky 0.65p in Q1 2024.

713 days ago

Tom Winnifrith Bearcast: The IRA man has another go at me again as Proactive disgraces itself over Canadian Overseas and its N-N-N ouzo time!

I start with my latest run in with my neighbour, the IRA man. Then it is onto Canadian Overseas Petroleum (COPL). I discuss it deceiving investors, how the shares are a 100% slam dunk sell and also a shocking article about it ( see below) on Proactive not, as I said, by my pal Ian Lyall but by another pal Jon Hopkins. Hoppo should be ashamed. Then I look at Anglesey Mining (AYM), Zephyr Energy (ZPHR ) – hard cheese Cliff – Powerhouse Energy (PHE), Boohoo (BOO), where there is no ouzo for Ouzo man, and nanosynth (NNN) which has gone bust so meaning a vindication ouzo for me tonight and more shame on penny share grifter, brown envelope man, Zak Mir.

713 days ago

Alpha Growth - Minority Buy Out: do the maths dummies!

Yesterday Alpha Growth (ALGW) announced the buy out of its 5% minority in its life insurance operations in exchange for shares in the listed group.

719 days ago

If you aren’t a raging bull of Canadian Overseas Petroleum you are a paedophile (irony!) – more confetti vicar?

Another day dawns and yet again Canadian Overseas Petroleum (COPL) has issued yet more shares. This is a death spiral on steroids but of you do the maths you must be a nonce. I am kidding. But at least some of the morons who own the stock are not. Let me explain.

719 days ago

BREAKING: To which spiv has Chill Brands bunged £60,000 for ramping its shares?

It is a simple question and one that I have put to Chill’s (CHLL) financial adviser, Mr. Nick Harriss at the fine firm of Allenby Capital. Oddly Nick has declined to reply but as 1.5 million shares were issued at 4p ( a nice discount to the 6p share price) surely investors have a right to know who has been paid £60,000 for what? The statement reads:

719 days ago

" target="_new">Celadon Pharma is on a nutso valuation, it is dangerous but surely it is a short

Back on March 23 I did a bearcast on Celadon Pharma (CEL) HERE which initially saw the shares marked lower from 125p to c105p. But the company fought back with private briefings. It did not draw attention to my well founded misgivings by issuing an RNS “refuting” what I said. That was a smart move. Instead someone roped in the serial liar John Story to do a mass new media spam pushing the shares, the CEO also did a Proactive interview and, for a while it worked. The shares hit 180p. Ouch. But then they started slipping.

719 days ago

Predator Oil & Gas - more cans of worms vicar?

An insider dealing director, directors who troll journalists on twitter or who threaten critics, these are never good signs. But worse is the determination of Predator Oil & Gas (PRD) to avoid issuing a prospectus when issuing shares. For the second time it has found a loophole to dodge making disclosures. Just what is the company hiding?

719 days ago

Disgraced Cenkos Knobheads 0 – The sheriff of AIM 1 (o.g Longbow). Can I play you every week?

It is another ouzo day here at Sheriff Towers as my bear dossier published on January 13 this year about ICG-longbow Senior Secured Uk Property Debt Investments Limited (LBOW), is now vindicated. The snivelling response on January 16 from Longbow and its advisers at Lagos Securities is now exposed for the fiction it always was. The shares were 51 before the dossier, they are now 36p, down 12% today.

719 days ago

Blackbird – just when will Malcolm admit that this is a dog?

For almost two years my old friend Malcolm Stacey has been recommending that you buy shares in Blackbird (BIRD). Back in May 2021 the shares were c35p. Today – after more bad news – they are 7p. I warned explicitly HERE that Malcolm should walk away, I still think that he should.

725 days ago

Ooops Red Rock did it again: - Andrew Bell needs to explain a suicidal value destruction as he places once more

I told you all to sell but have kept my shares in Red Rock Resources (RRR) as a reminder of what a prick I can be but perhaps also so that I can attend the AGM and give boss Andrew Bell the roasting he deserves. Gold is at a near all time high. The last time gold was at today’s levels, Red Rock shares were at a consolidation adjusted c400p. Today Bell has placed, yet again, at just 0.1425p. Bell makes excuses but there can be no excuses for such an abject performance..

725 days ago

Tom Winnifrith Bearcast: as Eurasia tells a palpable half truth or outright lie, the 2 shares I bought today

My two share purchases are discussed at the end of the podcast. Before that I discuss Eurasia’s (EUA) latest porky, Guild ESports (GILD), Cellular Goods (CBX), retail inflation especially relating to cat food, and then Asos (ASC) – in detail.

725 days ago

Eurasia Mining: Cash now almost exhausted, no bidder – time for a full fess up statement, £82m market value a total joke

During the past three years, Eurasia Mining (EUA) has pretended that it is in receipt of serious bid interest for its cash guzzling insignificant PGM assets in Russia, assets where the cost of mining is, per oz, greater than the price metals are sold for. Using this ruse to push up the share price it has managed to get away three placings at share prices which are a multiple of where the shares trade today. But now the money has almost run out.

726 days ago

Tom Winnifrith Bearcast: I was wrong, PL is right, should you fill your boots with Fox on Tuesday

To be fair, I was urging folks to buy shares in Fox Marble (FOX) last week but it seems I was a bit wrong about the maths and our in-house BB savant PL was right. Does that make Fox a raging FYB buy on Tuesday? I then look at ScotGold (SGZ) and yet another scandal and finally at Flip Flop’s Kavango Resources (KAV) as per my earlier piece HERE. Tomorrow I really am on a training walk so please, as I aim to do 15 miles, consider a donation to Rogue Bloggers for Woodlarks HERE

732 days ago

Letter to Marcus Stuttard at AIM Regulation – the BBC dobs Scotgold in, surely this is criminal?

I have dropped a note to my old pal, the bogus Sheriff of AIM, aka Mr. Marcus Stuttard, head of AIM Regulation, aka the Oxymorons. It seems to me that the BBC has dobbed in Scotgold (SGZ) for serving up a material untruth which saw the shares zooming to 70p to allow a £3 million placing at 40p to proceed. Either the BBC is lying or this is criminal deceit on the part of Scotgold. I have urged the Oxymorons to act…

734 days ago

Bluebird Merchant Ventures, 10 million share trade reversed – an admission of insider dealing?

I flagged up HERE that shortly before disappointing news from Korea a block of 10 million shares in Bluebird Merchant Ventures (BMV) went through at below market prices. We know, thanks to a TR1, that the seller was Southern Gold and I know, thanks to a party close to the company, that its executives had been made insiders. Now the trade has been reversed. Surely that is an admission of guilt?

734 days ago

David Lenigas spoof or share support or both? Another red flag vicar?

You would have thought that if you really wanted to buy more shares in your company you would not be ramping the arse off it to try to push the share price up? That brings us to David Lenigas and news today that he has bought 400,000 shares in his Aquis listed bitcoin promote Vinanz (BTC). This stinks and is a sell signal.

734 days ago

Tom Winnifrith Bearcast: Being flamed on Twitter by Trans activists, what a nightmare

Okay I lied about doing a training walk today for Rogue Bloggers for Woodlarks. I offer two excuses and will do an extra two miles tomorrow. Please do donate HERE. Then I discuss why you should never mention anything critical of transgender folk or even, as did I, ask a question, as you will be flamed all day as I have been. Then I discuss Versarien (VRS), Supply@ME Capital (SYME) and the morons who own the shares.

734 days ago

Video: Nowhere near the mania part of the gold mining cycle

When we get there sell all your gold shares but we are nowhere near that now, says Jeff Clark, author of anew book “PayDirt”. He started outlining the book during Covid, with the goal of making it entertaining and engaging, yet simple and straightforward. Sixteen other experts from the industry also contributed to the book.

735 days ago

Why the hell should Versarien issue a statement?

Given that shares in Versarien (VRS) have collapsed from 3p at the start of the week to just under 2p at the close yesterday, some folks are demanding that it issue a statement. Why?

736 days ago

Another spoof from Wishbone Gold, when is the next bailout placing?

I still own some of these shares as a reminder to myself of how bloody stupid I can be. Every time I look at the share price it is an act of self-flagellation, a self-administered punishment beating at the hands of Wishbone Gold (WSBN). Whack, whack, that is for being so bloody moronic! Today we have another statement which is so much bullshit. It uses a template much favoured by the best friend of Wishbone boss Richard Poulden, Mr David Lenigas.

748 days ago

Canadian Overseas Petroleum – yet more death spiral vicar?

It is only seven days since the last time that $400,000 of death spiral bonds were converted into shares after a good bout of forward selling. But Arthur Millholland of Canadian Overseas Petroleum (COPL) is king of the shareholder dilute so here we go again. At this rate we might get a similar announcement once a week for 83 weeks before we are done. What do you reckon the share price will be by then?

749 days ago

Valereum Blockchain - more death spiral vicar?

“Oh dear, oh dear,” as my old friend Old Mother Mike Walters would have said as he apologised for yet another duff loss making, cash guzzling share tip ‘fessing up to bad news. I am surprised Mike has not tipped Aquis listed Valereum Blockchain (VLRM) it is right up his street. Shares in this company were peak ramp 64p, thanks to the efforts of Zak Mir and David Lenigas. They are now 5.5p as yet more confetti is issued. And the worst is yet to come….

750 days ago

Confronted with evidence of his greed, David Lenigas and his bromance partner Richard Poulden take to twitter with a lying smear

Yesterday I pointed out the rapacious greed of David Lenigas and Richard Poulden in allotting themselves shares in Vinanz (BTC) at 0.25p two weeks before mug punters, roped in by salesmen charging 8% commission, paid 3p ahead of the Aquis IPO. Unable to deal with the awkward facts, Lenigas took to twitter yesterday to tell lies, with Poulden loyally retweeting every smear his master posted.

750 days ago

Scotgold: bailout placing but will it be the last?

Scotgold Resources (SGZ) the miner of jam tomorrow, oops I meant pitiful amounts of gold, has said that its move to long hole stoping may well produce more jam tomorrow but, pro tem, it is passing the hat around yet again at just 15p. For those falling for the spoofing c/o BBC Scotland and buying the shares at 44.5p just two months ago, this will be a painful lesson in getting bummed by fake news from Pravda

752 days ago

Wood Group – shares up as now talking to Apollo re. takeover: what to do?

Previously writing on 155p offer price July last year tip Wood Group (WG.), earlier this month with the shares at 200p we noted that, although the share price suggested that the market did not believe takeover proposals would succeed, it looked to us like the major shareholders were open to a deal and that anyway there looked medium term upside so continue to hold. Now there’s been a further announcement on the possible takeover from the group – and the shares are up to above 226p.

753 days ago

Procook – Q4 update , predictably piss poor: so much for all those boardroom share buys

I explicitly warned folks about Procook (PROC) ahead of its 145p per share IPO in November 2021. I have warned again repeatedly. CEO Daniel O’Neill and other directors have spoofed folks with share purchases all the way down. And here we are, after another piss poor update, and the shares are just 27p. Well done to those fund managers who gobbled up almost £40 million of shares dumped by the founders at IPO.

754 days ago

Canadian Overseas Petroleum – more worthless confetti vicar?

Another day and another 50,998,285 shares in Arthur Millholland’s doomed Canadian Overseas Petroleum (COPL) have been issued to soon join the rest of the worthless confetti trading on the sub Standard List. Now for a maths lessons for the morons.

756 days ago

Ben’s Creek – more evidence this is ONLY about making money for MBU and Adam Wilson

Another day and its another red flag from loss making and debt laden Ben’s Creek (BEN). The vicar has now got an enormous collection of Ben’s red flags but would he like another? In response to the shares spiking to 19.5p yesterday Ben’s has put out a statement saying that there was no reason for the share price rise except….

756 days ago

Red Rock - another day another share issue and punishment beating for we dumb shareholders, Cheryl sums it up poetically

Gold has surged to more than $2000 oz yet shares in Red Rock Resources (RRR) languish at 0.18p. I am down by almost 70% over three years, those who bought the shares the last time gold was at this level are more than 99% down. So gold “unch” over 14 years, Red Rock shares almost 100% down. The reason is, simple:

757 days ago

Nanosynth – is it cash shell material? Yes. But should you buy the shares….here is a rescue plan that will work

With it having admitted before Easter that it will go bust in June, shares in nanosynth (NNN) have collapsed to a current 0.061p. The good news is that it can be rescued. The bad news is that it might be rescued at 0.01p. Here is how this should work.

757 days ago

Carr's Group – full-year results emphasise strong prospects, a Buy?

Agriculture and engineering group Carr’s (CARR) has announced delayed results for its year ended 3^rd September 2022, emphasising it is “now focused on higher-margin, differentiated, international Speciality Agriculture and Engineering businesses with strong growth prospects” and its shares have been restored to trading.

757 days ago

Cineworld – a third warning that its shares are worth nothing at all yet there are still buyers

There is another update on Cineworld’s (CINE) debt for equity swap and its hopes of emerging from Chapter 11. I wonder what sort of moron is buying the shares today, for some morons are buying.

761 days ago

Tom Winnifrith Bearcast: Go woke go broke with Dylan Mulvaney, the Nike sports bra and Bud light

I start with the madness of using Dylan – who is the sort of “woman” you might think twice about dating – to promote sports bras or beer. I enter the quagmire of the Corporate Equality Index. Then it is on to the CBI, not asking if it is now fit for purpose but whether it ever was. Finally an ouzo moment as nanosynth (NNN) shares slump HERE but this episode begs massive questions for its advisers and AIM Regulation about how dumb morons were duped.

761 days ago

nanosynth another failing for AIM Regulation as it fesses to financial crisis

Back in August of last year nanosynth (NNN) announced, in a grossly misleading way, that it had signed a death spiral with Lanstead “to raise £2,942,500”. I warned at the time that this was fantasy, that nothing like £3 million would be raised and that those responsible ( PR firm IFC Advisory) should be hung, drawn and quartered while AIM Regulation should force a restatement. Nothing happened. IFC told me I was talking tummy rot, the Oxymorons did nothing. And on Thursday afternoon, nanosynth admitted that it faced a financial crisis and its shares collapsed.

761 days ago

Rosslyn Data Trading statement - it is almost nine years of woe and nothing changes

On 29th April 2014 Rosslyn Data (RDT) raised £10 million at 33p as it joined the AIM sewer. As I demonstrated on this website, the prospectus prepared by Cenkos Securities (CNKS) was grossly misleading and it has been downhill ever since. Cenkos is still there as Nomad and broker after numerous (lack of) profits warnings, a CEO who forgot about his involvement in the porn industry, numerous bailout placings and other fun and games. I wonder how much coke & hookers money Cenkos has made over the years. The shares are now 0.725p after another awful trading statement today.

763 days ago

Cineworld Chapter 11 update, again confirms shares worth 0p – just who is buying?

This website has been warning folks that shares in Cineworld (CINE) were worthless for far longer than I can remember. But today, for the second time, Cineworld itself has explicitly stated the same. The shares are down by 24% on the news at 2.2p but that still values the company at £31 million. Out there in Moron land, some folks really still are buying the shares. Maybe they are chartists or followers of Doc Holliday. I don’t know. Words fail me. Anyhow CEO Mooky Greidinger seems happy. Screw the plebs.

764 days ago

Total Market Solutions - gosh this is low grade ramping, yes its Versarien again

The tweet below is the latest pathetic attempt to ramp shares in Versarien (VRS) so that it can get away one last placing before June and avoid insolvency. In pushing the fantasy that the company will soon be awash with grant money David Burton of Total Market Solutions fails to mention a number of critical points.

764 days ago

Iconic Labs – an insolvent shell company needing to get an FCA approved Prospectus published and to issue bucket loads more confetti to survive

Iconic (ICON) published its interim accounts for the six months ended 31 December 2022 at 1.59 PM on Friday allaying some of its shareholders concerns that it might miss the 31 March 2023 publication deadline and have its shares suspended again.

764 days ago

Tintra – Dr Lyske Buys Again, curiouser and curiouser

On 30 March 2023 Tintra (TNT) announced that Dr Joe Lyske, the Company’s Chief Science Officer, had purchased a further 47,207 ordinary shares of 1 pence each and now holds 108,002 Ordinary Shares (equivalent to 0.67% of the issued ordinary share capital). The aggregated information reveals that the average price was 106.7 pence per share making around a £47,000 investment.

773 days ago

Okyo Pharma – after the pump and dump now its a share support operation ahead of next bailout fund raise just weeks away

Heaven knows why this US based POS maintains a dual listing on the (sub) Standard List. It really is a cash guzzling crock as we have pointed out on numerous occasions HERE. In the first part of this year Okyo Pharma (OKYO) managed to pump its shares up to 5.5p with a series of spurious and ramptastic RNS’s. Then as the Bulletin Board Morons took they trousers down, whoosh, a $5.5 million funding arranged by the company not its brokers, came in at just 1.85p. Ouch. And double ouch. One hopes that the morons had lubed up.

773 days ago

Iconic Labs –- an illustration of the dangers of death spiral finance

In today’s RNS Iconic (ICON) announced that it had received a “Conversion Notice was dated 27 March 2023 and provides for 50 Convertible Notes to be converted into 1,315,789,473 ordinary shares of £0.00001 (“Ordinary Shares”) in the Company at a conversion price of £0.000038 at the aggregate principal amount of £50,000.” With the issuance of another 1,315,789,473 new shares, the Company’s issued ordinary share capital is now 43,106,916,660 shares. Yes that is more than 43 billion shares in issue.

773 days ago

Avacta - CEO pay, losses and shares in issue, an unsurprising correlation

Alastair Smith has been running Avacta (AVCT) for 16 years and after 16 years he has yet to launch an actual product. So on what basis are his pay increases calculated?

777 days ago

ScotGold misleads on (genuine) leaked email warning of cash crisis…but warns of cash crisis

Scotgold (SGZ) claims that its directors emails have been hacked and that “specious emails sent in their names to numerous people.” The clear implication is that the email I published on Saturday, HERE, discussing administration and a cash crisis is bogus. It is not it is genuine. The “specious” emails referred to were, according to my source, sent to employees, not insolvency lawyers at Fox Williams. Even its death throes it seems ScotGold dissembles and, in mentioning the Police paints itself as the victim. It is not the victim shareholders are. The company is in its death throes because it has fessed to as much today causing the shares to, as I oft predicted they would, crash. Told y’all! What follows is grim.

778 days ago

Tom Winnifrith Bearcast: The Rogue Bloggers are now 8 (+2 fantasy women) & the wooden floor that protects female failures like Sharon White & La Willingham

I start on journalist ethics, that is to say not selling shares before advising readers to and a chap called Magna Carta who reminds me of the weeds in my strawberry patch. Then onto Rogue Bloggers where Andrew Bell says he is joining us and bringing a fantasy woman. I shall bring Cheryl. Please donate HERE. Finally, referring to Sarah Willingham and Dame Sharon White of John Lewis infamy (see the Daily Mail article I refer to HERE) I suggest that a glass ceiling for women in business has been replaced by a wooden floor.

780 days ago

Supply@ME Capital – the Tradeflow rats jump and the implosion of the fraud is underway

This may not be the end of this fraud. But it is certainly the beginning of the end. The unravel is underway, the rats are staring to abandon the ship now lurching lower and lower in the water under a growing weight of red flags. Anyone now holding the shares is completely insane. 

781 days ago

The fallen mighty: Two drunks propping each other up, Nomad and broker Cenkos merges with Finncap

It’s all an all share merger of equals, each side getting 50% of the enlarged equity, with every Cenkos shareholder getting 3.19420647 New FinnCap Shares for every one Cenkos held. A marriage of equals you say? That is to say two businesses that have been equally disastrous investments. Merge two bad companies and what do you get?

781 days ago

Meli and Ouzo on my cornflakes – British Honey goes bust

Three years and five days after listing on the Aquis lobster pot after raising £4.25 million at 110p British Honey (BHC) has today gone bust and appointed administrators. I warned that it was “uninvestable” when the shares were 114p in October 2021. Today it is game over. As I consider honey and ouzo on my cornflakes, the list of warning signs were there for all to see. Natch folks knew better than Old Tom.

782 days ago

My Frog ain't great but these documents from the Congo look very bad news for Zenith Energy - time for an RNS?

My Frog is not that good but the documents below sent to Winnileaks seem to suggest that Zenith Energy (ZEN) has been totally booted out of the Congo. That would surely be bad news for this long term dog with fleas and surely a clarifying statement is needed. Suffice to say, anyone holding these shares, now a paltry 0.4p to sell, is bonkers 

783 days ago

Wildcat Petroleum bonkers interims with 2 sets of numbers – can anybody out there read a balance sheet?

At 1.1p Wildcat Petroleum (WCAT) is capitalised at £26.4 million. Its results for the six months to 31 December are out today and are – as you might expect – piss poor. I wonder if anyone owning shares in this Standard Listed dog can read a balance sheet?

783 days ago

Verditek Swedish SPOOF – Next up bailout placing

Every year since its IPO Verditek (VDTK) has announced a big new contract win, spiking its shares, and allowing to get a bailout placing away to keep the Fat Lady at bay for another year.  Then it admits that the contract has come to nowt. With its cash set to run out by June it has today announced a new contract. Is this the boy crying wolf yet again? Or is there a real wolf this time.

787 days ago

Letter to Aquis Regulation re Andrew Monk and VSA Capital – misleading trading statement?

Not only does Andrew Monk and VSA Capital list shitcos on the Aquis Lobster Pot but VSA itself is listed on Aquis too. It listed at 21p on 9 September 2021. Its shares are 49% down so far this year and can now be sold for just 10p. But has the Monkey legged over investors with a misleading trading statement. I think the graduate of Oriel College Oxford (has he told us about his posh education yet today?) has and have written to Aquis Regulation suggesting it force VSA to clarify.

788 days ago

Tom Winnifrith Bearcast: forward selling at Versarien & Verditek, lying by Reabold and the countdown to insolvency at Supply@ME Capital

I start pondering retirement, then look at Credit Suisse and Gary vs Chris on buying shares right now. Then it is onto Versarien (VRS), Verditek (VDTK), lying by Reabold (RBD) on its takeover bid, Cineworld (CINE), Ben’s Creek (BEN) and that scumbag Adam Wilson and the fraud Supply@ME Capital (SYME)

788 days ago

Versarien raises a paltry £318,000 at 3p – why the rush?

You want to know why Berenberg quit as joint broker yesterday as Versarien (VRS) also fessed up that Neill Ricketts was still a director earning £16,500 a month despite “resigning as CEO” a week ago? It will be when it discovered that, enabled by the bent journalism of Ian Cowie at the Sunday Times pumping the shares, SP Angel was doing a smash and grab deeply discounted placing to raise a paltry £318,000.

788 days ago

Silverwood Brands muddies the water on the £216m Lush scandal – will Andrew Monk’s VSA still book its fees?

Shares in Aquis listed Silverwood Brands (SLWD) are almost untradeable. That did not stop pompous Andrew Monk boasting that his fees for Silverwood buying a stake in Lush from Silverwood’s directors for £216 million (in shares) would ensure that VSA would make a profit this year, having been loss making to the tune of almost a Bernie at the interim stage. Today there is another update from Silverwood showing what utter crap VSA has told investors.

788 days ago

Medcaw - is it ashamed about Charlie Wood and if not why not?

Medcaw (MCI) listed on the disgraced Standard List just before Christmas as an investment vehicle looking to make an acquisition, yadda, yadda, yadda. Yesterday its shares collapsed by just over 60% to 2.5p as one punter decided to make a sale on a day of market turmoil. There is no liquidity, no demand and maybe this is why.

788 days ago

Dishonest journalism or bad journalism or both: Ian Cowie of the Sunday Times on Versarien

At least Cowie, one of Britain’s most senior personal finance journalists, is honest that he is a poltroon, admitting to buying shares in Versarien (VRS) at 177p. They closed Friday at just 3.5p although in his column today where he explains why he is hanging on for a bounce, Cowie says the shares are 5p. But the dishonesty of the journalism is epic.

790 days ago

Wandisco – a $1 billion fraud blows up on AIM

If I had a quid for every time I warned that shares in Wandisco (WAND) were at a bonkers valuation based on reported revenues, I’d be able to buy a season ticket at Wrexham. But today we discovered that most pf those reported revenues were made up and that the size of the emerging fraud was big enough to bankrupt a company which, at £13.10, was capitalised at £863 million. Now the shares have been suspended as investors face calamity in AIM’s biggest scandal for years.

790 days ago

Atlantic Lithium “refutes” THIS bear dossier from Blue Orca – jury still out

At 4.15 PM yesterday shares in Atlantic Lithium (ALL) were suspended, having crashed thanks to the bear dossier which I publish in full below. The reason – a pending statement. That statement is now out and trading in the shares resumes. Atlantic says it “refutes” the dossier which means that it denies it. But how convincing is the denial?

790 days ago

Tom Winnifrith Bearcast: Atlantic Lithium collapsing on Blue Orca bear dossier

I start with a rant about the fecking GPs and the bloody teachers as approx. 0.0 inches of snow accumulates and my father in law has to go to hospital again. I am so bloody angry about both. Then it is onto the collapse in the share price of Atlantic Lithium (ALL) – about which I explicitly warned you all just under four months ago HERE – after a bear dossier was published: see below. Then I look at Red Rock Resources (RRR), some of the #IWD jokes including one from Jeremy Corbyn and one from Guild Esports (GILD). Finally it is ouzo o’clock as musicMagpie (MMAG) serves up dire results and warns of tough times ahead. Footnote: at 4.15 PM Atlantic shares were suspended “pending an announcement”

790 days ago

Pete Brailey warns mug punters about Pantheon again

He called this as a slam dunk short at 122p on September 10. Shares in Pantheon Resources (PANR) are now 26p. So where next?

790 days ago

Buy Supermarket Income REIT

Wanting some secure income with some future upside potential? How about inflation-linked, long income from grocery property? This and a share price currently down below 90p suggest to us that shares in Supermarket Income REIT (SUPR) are a Buy.

791 days ago

Canadian Overseas Petroleum – more death spiral shares vicar?

The real risks are that Canadian Overseas Petroleum (COPL) either cannot secure additional; finance within the next five weeks and so goes bust or that the owners of $42 million of senior debt get cold feet, call in their loans and the company goes bust. That would shaft 100% anyone daft enough to own the shares but also the providers off all the convertible loan notes, death spiral providers.

791 days ago

Cizzle Biotechnology – what looks like repellent corporate greed is really just bad timing

The share price of Cizzle Biotechnology (CIZ) at the close yesterday was 4.55p. The shares have plunged today to 3.75p after the publication of a share option scheme which, superficially, looks like obscene boardroom greed and a total piss take. Far be it from me to defend small (£13 million) biotech plays but for once I shall.

791 days ago

Cineworld and the last rites, no need to close shorts yet

This column has been calling Cineworld (CINE) as a short for absolute ages. It hardly seems credible but three years ago the shares were 170p. Today they are 2.9p and so anybody who has gone short as we advised all along has done well. You know where to send the “thank you” bottles of ouzo.

791 days ago

A question for Genflow Biosciences – who owns your shares?

Just over a year ago Genflow Biosciences (GENF) raised a gross £3.7 million at 8p and joined the Standard List. Much of that cash will by now have gone up in smoke but, with the shares now just 1.95p, the big question is “who exactly owns the stock?”

791 days ago

Ouzo for Pete Brailey and the bears, another Pantheon disaster as its cash rapidly runs out!

The big bear call from Pete Brailey at ShareStock 2022 last September was Pantheon Resources (PANR) at 122p and its shares are now 31p after another disastrous operational update. To have presented such data if you were drowning in cash would be alright, but Pantheon is not, it is rapidly running out of other folks moolah.

791 days ago

Tom Winnifrith Bearcast: Ariana Resources sins on Friday, buy sell or hold?

Putting out an RNS at 3.59 PM on Friday is not something I like. But should buy, sell or hold shares in Ariana (AAU) with the stock down to 2.8p.

799 days ago

Letter to FCA – market abuse by Howard White regarding Powerhouse Energy

Following up on this expose HERE regarding the dumping of shares in Powerhouse Energy (PHE) by Howard White and his two sons I have written to the FCA asking it to investigate whether Mr White is guilty of market abuse as a result of market manipulation. I believe that without any doubt, he is.

799 days ago

BREAKING: Advanced Oncotherapy shares collapsing – statement needed asap as the Sheriff vindicated yet again

The shares are now just 4.25p, down another 32% today. The bare facts are that Advanced Oncotherapy (AVO) is running on fumes. If it does not raise fresh funding asap the Fat Lady will be called in for an emergency gig very soon indeed. The problem, as we have noted many times, is that par value is 25p.

801 days ago

BREAKING: Powerhouse Energy – surely this is cut and dried industrial scale market abuse

Not revealing shareholding changes via a TR1 in a timely fashion should be a criminal offence but is not. It is – in my view wrongly – treated rather like picking your nose and swallowing the bogies in public, as naughty but not serious. And thus, the rules are widely ignored and abused. Yesterday Howard White and his two sons ‘fessed up to ignoring the rules with regard to dumping Powerhouse Energy (PHE) shares. But old Howard is also guilty, in this case, of market abuse. This is black and white and the FCA really should act.

805 days ago

Tom Winnifrith Bearcast: At what point does Flip Flop admit he has failed? Prepping for a Bluebird Meeting

I start with a bit of macro-political stuff but that does relate directly to a) Gary’s tip today and b) my muted enthusiasm for UK PLC shares. Then it is onto Kavango Resources (KAV), seemingly moving goalposts to avoid accusations of failure. Finally Colin Patterson of Bluebird Merchant Ventures (BMV) popped in after this recording. FWIW, after the meeting I conclude that the shares are a VERY STRONG BUY.

805 days ago

Tom Winnifrith Bearcast: My SIPP buys shares in xxxx as Lucian's twitter account is hacked

If you see Lucian tweeting out #COYS or Buy Cineworld (CINE) you know what has happened!. I start this podcast on the subject of home made apple juice then cover Cineworld, Alien Metals (UFO), Skinbiotherapeutics (SBTX) and Jubilee Metals (JLP)

805 days ago

Canadian Overseas Petroleum – why not tell us the conversion price?

An RNS is meant to inform, to give clear information allowing we investors to asses exactly what is going on. Of course, Canadian Overseas Petroleum (COPL) thinks that an RNS is just an excuse to muddy the waters even further, hiding the trouble that it is in. Today we have another effort of this genre. It is to do with the issue of death spiral shares.

805 days ago

Wood Group – rejected possible offer proposals highlight the prospects we noted, what now?

Re-recommended at a 155p offer price in July after we previously banked a more than 40%, less than 7 months, offer-to-bid gain on the shares, Wood Group (WG.) has noted “recent speculation” and confirmed that it has received three possible cash offer proposals from Apollo Global Management, the most recent of which was at 230p per share and unanimously rejected by the board as it considers it “significantly undervalued the repositioned group’s prospects”.

806 days ago

Cineworld explicitly spells it out for dummies – the shares are worthless

I told y’all that this would happen numerous times and explicitly a couple of days ago after the latest Court hearings in the USA HERE. Today Cineworld (CINE) has stated, in no uncertain terms, that its shares are worthless under every scenario. Amazingly the shares are down by only 23% at 3.05p. Yes some folks are buying the shares!

806 days ago

Bulletin Board Moron of the week - natch a Versarien shareholder: day 4 of the annual report watch

It is now day 4 of the Versarien (VRS) Annual report watch. There is still no sign of the document. Even the PR is being kept in the dark as to what is happening and what loathsome Neill Ricketts is so keen to hide. Hint. SMTM. With Versarien shares now 97% down from all time highs who is to blame?

806 days ago

Caracal Gold Caption Contest sponsored by Andrew Monk's wine collection

A bottle of NZ Pinot Noir at £15? A fine choice sir to add to your collection but with clients like Caracal Gold (GCAT), still not paying outstanding fees of c£100,000 are you sure you can afford it? Oh, the FCA Enquiry into Caracal hotting up you say, the shares collapsing to just 0.225p, the Silverwood debacle a bit of a £1m pain: you need to drown your sorrows? I understand perfectly. To win nothing at all how, post your caption to respond to Andrew Monk’s latest crass ostentatious display of his wealth in these times of austerity, in the comments section below.

806 days ago

Chill Brands – shares sliding, 2+2 = 4 ( that is to say a bailout discounted placing)

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.

806 days ago

MGC Pharmaceuticals, MXC, death spiral, share price, shares, bear dossie" target="_new">MGC Pharmaceuticals – another cup of death spiral vicar?

The word on the Street is that the level of boardroom greed at MGC Pharmaceuticals (MXC) is causing increasing unrest among some of those hitherto supportive of the company. Meanwhile the share price continues to tank and I think that we can all guess why. The shares were 2.25p, valuing this crock at £70 million, on January 11 2022 when I published this extensive bear dossier HERE. Today they are just 0.475p, off another 15% today and valued at just £13.7 million.

806 days ago

Canadian Overseas Petroleum – Liquidity has gone, the shares can only go one way

A two million share trade went through at just 5.5p earlier. Natch the Bulletin Board Morons saw this as great news, arguing that a big stock overhang had gone and that the shares would now rocket. To be fair they have bounced back but this just shows what happens when Liquidity is gone and we know that there are massive sellers coming at almost any price.

809 days ago

Versarien Results – Neill Ricketts says graphene is a growth business, the numbers don’t lie – he does

Earlier I showed the looming cash crisis at Neill Rickett’s failing Versarien (VRS). Ricketts is trying to pump the shares claiming that graphene is a “growth business”. He is ‘avin’ a giraffe.

810 days ago

Castings plc – a value and income Buy

Shares in Castings plc (CGS) have recently recovered to above 350p after positive trading and results statements towards the end of last year. However, they remain well down on levels achieved in prior years despite a positive outlook and look to be a value and income Buy at current levels.

810 days ago

Canadian Overseas Petroleum – deliberately confusing release as death spiral shares issued at just 7.3p

“I cannot remember the last time that I saw such a duplicitous dishonest company, this has to be one of the easiest shorts out there at the moment!” says Evil Banksta of Canadian Overseas Petroleum (COPL). He is not alone, Lucian Miers has also called in from the grim North today, outraged as to how the FCA allows Canadian to publish the sort of misleading piffle it has today.

810 days ago

Told y’all Purplebricks – another lack of profits warning and the dreaded words “strategic review”

Oh dear. Oh dear. The words “strategic review” are always bad news. What they mean is “we are screwed will anybody buy us.” But let’s start with a lack of profits warning from Purplebricks (PURP) and, as ever, it is what it does not say that should worry the muppets who still own the shares.

810 days ago

BREAKING: Fraser Perring of Viceroy threatens defamation proceedings as Home Reit ‘fesses up & considers dodgy sale

It is ouzo time for Fraser Perring of Viceroy and for Boatman Capital. The bears look to be wholly vindicated as Home REIT (HOME) has fessed up to a collapsing business model and has put its rag bag assets up for sale. Indeed it has had one offer but that looks to be related party and shareholders should not expect to get much. This is a scandal and exactly why bear raiders are so needed. Shares in this company were almost 80p when Fraser published his dossier last November. The shares are now suspended at 38p and shareholders will be lucky to get pennies.

812 days ago

Versarien prize contest – guess the amount of red ink when results eventually arrive

I realise that I have yet to post the olive oil for to the winner of the readers tips of the year contest. Fear not I shall. But the prize in this contest is a small jar of my home grown and picked radishes. This competition is brought to you thanks to Versarien (VRS) a favourite company of this website whose shares are worth 0p and which is run by a loathsome bully and disgraced ramper Neill Ricketts. To the contest…

814 days ago

Zamaz another acquisition but how will it raise the cash to stave off its imminent liquidity challenges?

Zamaz (ZAMZ) where Dominic White of the fraud Supply@ME Capital (SYME) infamy is the founder and non-executive director and owns via 66.29% of the shares via companies he controls, has announced another acquisition which begs more questions than answers, not least a looming financing crisis.

814 days ago

HUGE EXPOSE: Tintra: were net assets and profits in Tintra Acquisitions accounts to 31 March 2022 understated by £15 million?

In a previous article, I exposed that the fair value of the ordinary shares in Tintra (TNT) that should be required to be valued in the accounts of Tintra Acquisitions Limited but clearly weren’t of £7,446,291. In this note, I highlight another material asset that wasn’t recorded, that being the convertible loan provided by Tintra Acquisitions to Tintra Plc and this could make this scandal, one HMRC is bound to be investigating a £15 million one. That is three times the size of Nadhim Zahawi’s recent “scrape.”

820 days ago

Video: The Best Gold Bull Market I Have Ever Seen

Money manager Peter Grandich has a message that our own Nigel Somerville will be delighted to hear. Peter discusses the potential for this gold bull market and why it’s likely extraordinary. He says that Central Banks are buying at record levels, and many of those buying are doing it for safety reasons. He says  that you should not bet against the Fed and don’t bet against central banks when it comes to gold and hence mining shares have yet to reflect what is happening, and are, arguably, as cheap as they can get regarding the price of gold.

820 days ago

The BBC bums its readers with the fake news pump that got Scotgold’s bailout placing away

I wonder if BBC journalist David Henderson, Pravda’s business correspondent in the second world post industrial transgender friendly shithole that is Scotland, feels any guilt about losing folks stacks of cash by publishing fake news? Ahead of a ramptastic and wholly fictitious article about Scotgold (SGZ), an AIM listed company teetering on a financial precipice the shares traded at 44.5p. Then Henderson published as you can see HERE.

824 days ago

Anglesey Mining – acquisition at spoof price, who does it think it is kidding?

Who does Anglesey Mining (AYM) – a company that pretends to be a wannabee miner but, in fact, for more than thirty years has engaged in a principal business of issuing more shares – think it is kidding with its latest pointless deal?

824 days ago

Argo Blockchain’s Disgraced Peter Wall walks the plank with immediate effect: more red flags vicar?

The man who sold £3.5 million of shares at 243p AFTER sounding out folks about a placing which took place a few days later at 200p is gone. Yes, Peter Wall the CEO and ( for 18 months) “interim” chairman of Argo Blockchain (ARB) has announced his resignation with immediate effect.

824 days ago

Helping paid share "promoter" David Burton of Total Market Solutions with his maths re Vast Resources - GCSE fail for Dave

Total Market Solutions, owned by David Burton, earns its crust promoting penny shares for cash. It is open about it and let me be clear that there is absolutely nothing wrong in this trade although one imagines that Mr Burton has to hold his nose on occasion with some clients. But there is promotion and then there is telling outright porkies, which brings me to his tweet this morning about Vast Resources (VAST) when the shares were 0.66p.

824 days ago

Ben’s Creek – an after hours share dumping stinker: the stench of Adam Wilson is everywhere

At 6 PM last night, nobody is watching O’ Clock, Ben’s Creek – CEO infamous Adam Wilson of Atlantic Carbon/Coal and Daniel Stewart disgrace – (BEN) announced that its largest shareholder MBU (main advisor the same Adam Wilson) had dumped 22,222,222 shares (5.92% of the equity) at just 18p. As with all share dumping by Wilson entities this is not what it seems and it stinks.

824 days ago

Gabriel Grego calls out Darktrace CEO share buy for the spoooooooooooooof that it is

In the wake of Gabriel Grego’s superb expose on Darktrace (DARK ), HERE, CEO Poppy Gustafsson made great play, as part of her range of responses, in buying 48,000 shares. But that was a spoof as Gabriel pointed out on twitter yesterday:

824 days ago

Another tweet that has not aged well - Gerry "the pustule" Brandon of Deepverge trolling me

On November 27 2020 shares in Deepverge (DVRG) traded at 27.5p and I challenged the company on its ropy accounts and over-optimistic trading statements. The CEO Gerry Brandon took to twitter to say that I did not understand accounts. He aggressively trolled and insulted me. I replied but in the end did block him. The shares are now 1.75p, Brandon was forced to walk the plank, the trading performance has been dire and even former advisers admit that he broke AIM rules. As such the tweet below has aged badly.

826 days ago

Tom Winnifrith Bearcast - FTSE 100 hits record high and Malcolm fills his boots - is he mad?

I start with today’s bombshell expose. Either shares must be suspended or an RNS is needed to answer specific allegations, first thing on Monday. Then it is onto the FTSE 100 hitting a record high: buy, sell or hold?. Finally, the full Sharestock line-up is (almost) revealed. You can book your seats (50% of which have now gone) HERE

826 days ago

Red Rock Resources shares up 18% at 0.34p – rumours, rumours

I still own my shares in Red Rock Resources (RRR) if only as a constant reminder of my own folly. But on Friday they jumped by 17.5% to 0.34p. I am still well out of the money but I suppose every dog (with fleas) has its day. There are two rumours.

827 days ago

Iconic – just how many billion shares will be in issue before an RTO?

There are already 39.664 billion shares in issue for Iconic Labs (ICON) a company with a past of disgrace and no business. Today it spelt out in part just how much more confetti will hit the market. Still the morons can’t do the maths.

827 days ago

KERBOOM: Canadian Overseas Petroleum admits to financing crisis – told y’all! Another ouzo day for the Sheriff!

I have warned you all repeatedly that Arthur Millholland is ALWAYS a kiss of death and that his latest venture, Canadian Overseas Petroleum (COPL) had piss poor assets and finances built on sand. As ever, savants such as our own PL cited bullish broker notes and other tosh saying that, as someone who started out as an oil analyst, I just did not understand what a great trade this was. Kerboom, a shock admission at 2.24 PM today means its ouzo for the Sheriff tonight and tears before bedtime for the bulls. The shares are now 8.5p, 45% down on the day, and even more down on the last placing at 20p, nine months ago. Kerboom!

827 days ago

This still stinks: Tintra –are Tintra Acquisitions and Fintech Leaders Fund dumping shares?

In today’s RNS Tintra (TNT) announced that it had received the US $10 million subscription at 1178 pence per share, a huge multiple to trading share price of around 185 pence per share down on the opening price by almost 12% at time of writing this article as follows:

827 days ago

Iconic Labs –- EHGOSF starts to dump shares (Lot's more to come!)

In today’s RNS Iconic Labs (ICON) announced two conversions from European High Growth Opportunities Securitization Fund (“EHGOSF”) as follows:

827 days ago

Advanced Oncotherapy – is the funding farce about to end, prompting a share price collapse? This company could well go bust!

Each month, Advanced Oncotherapy (AVO) needs between £1 million and £2 million to keep the lights on. And to date, each month Odey Asset Management has been writing a cheque, buying shares at 25p (par value) to keep the show on the road. But the shares are slipping and is this farce about to end prompting a share price collapse?

831 days ago

Tom Winnifrith Bearcast - I'm ruined by Probiotix as its shares crash. Not. And an apology to Turner Pope

In today’s podcast I start on Zephyr Energy (ZPHR), then move onto Caracal Gold (GCAT). I cover: Iconic (ICON), African Pioneer (AFP) and wretched Colin Bird, Probiotix (PBX), Optibiotix (OPTI) and Skinbiotherapeutics (SBTX). Then it is Norman Broadbent (NBB), the fraud Supply@ME Capital (SYME) and Versarien (VRS).

831 days ago

Tom Winnifrith Bearcast: Zamaz shares collapse, the FCA disgraces itself again

In today’s Bearcast I look at Zamaz (ZAMZ), Love Hemp (LIFE), Mirriad (MIRI) and in depth at Versarien (VRS) as its shares slide again ahead of what will be appalling results and an auditors warning within 10 days. Neill Ricketts…it could not happen to a nicer bloke.

831 days ago

Red Rock Resources a ten bagger? LMFAO Mr broker

I write as a shareholder in Red Rock Resources (RRR). But the broker note below, today being trumpeted on twitter today by boss Andrew Bell is complete and utter bollocks. The idea that Red Rock shares could go from 0.26p to 2.60p is just fantasy. There is more chance of me getting lucky with you know who by the weekend than of this work of fiction proving any where near accurate.

831 days ago

Cellular Goods – just 0.81% of the equity dumped and the shares slump 16%: far worse to come

After hours yesterday there came another TR1 from the chancers Jonathan Bixby and Mike Edwards, aka Durban Holdings, the folks who paid just 0.1p per share to obtain a stake of c31% in Cellular Goods (CBX) at the time of its 5p IPO in late 2021. Oh dear. I have told you repeatedly that this would be messy.

831 days ago

Corero – Bullshit earnings, cash burning and a profits warning buried in a release: uninvestable scumbags enter a 26th year of failure

How many times has cyber security group Corero Networks (CNS) lead its shares up the hill with ramptastic announcement after ramptastic announcement only to admit that it was running out of money, needed to do yet another bailout placing and seen its shares slide back down the hill again? Corero has been listed since 1997….

832 days ago

BlueBird Merchant Ventures – from the horses mouth

I am as frustrated as the rest of you by the failure of the share price of Bluebird Merchant Ventures (BMV) 1.725p, a £10.7 million market cap, is far too low if, I repeat, IF, it delivers what it has promised in South Korea and the Philippines. But this is a mining junior and IF is the operative word. IF it delivers I see these shares heading to 4p+ so I asked the company what was not happening.

833 days ago

Tom Winnifrith Bearcast: Revolution Beauty's bosses should be in jail, if this is not massive fraud what is?

In today’s podcast I discuss the naivete of the spider kisser over Coro Energy (CORO) but my main focus is on the fraud at Revolution Beauty (REVB). How on earth are Tom Allsworth and Adam Minto not heading for jail. And as for the shares….

833 days ago

Coro Energy: The Sheriff of AIM vs The spider kisser Gary Newman, its ouzo for the Sheriff already

Back on December 8 2022, poisonous spider kisser Gary Newman tipped Coro Energy (CORO) at 0.31p HERE. I then explained why Garry should stick to snogging spiders as anyone tipping a James Parsons run company was bonkers. The shares are now just 0.24p mid and there is an RNS that the market is yet to digest. It is horrific.

840 days ago

Canadian Overseas Petroleum – Letter to FCA as disclosure rules broken again, does anyone care?

Not for the first time I find myself writing to the FCA as the regulator, no sniggering at the back, of the Standard List. And not for the first time it is about Canadian Overseas Petroleum Limited (COPL) which appears to be in terrible financial trouble and is now, apparently, breaking listing rules. This company’s shares should be suspended at once pending a statement. The letter is below.

840 days ago

BREAKING EXCLUSIVE: Boatman Capital letter to BDO re "Independent" review of Home REIT

Shares in Home REIT (HOME) are now suspended at the company’s request despite it insisting that allegations made by Viceroy Research and Boatman Capital are groundless. BDO London is now investigating those (groundless) allegations as part of its audit. Boatman has now written to BDO flagging up some new areas of concern. The letter is below. Ouch!!!!

844 days ago

Anglesey Mining: using BBC fake news to get away a bailout placing?

With breathless excitement the BBC here in Wales has pumped out an exclusive story which has prompted some of the sheep shaggers to fill their boots with shares in Anglesey Mining (AYM) prompting a bit of a spike in the share price. But it is all bollocks. And a prelude to a deeply discounted placing. The sheep shaggers here in Cymru are going to get their fingers burned. Shame on the BBC for failing to do even basic research. Its article from one day ago is below.

846 days ago

BDO LLP & suspended shares – What is going on?

Historically, it was rare for listed companies to delay publication of their audited results. However, it is becoming more common for UK listed companies to have to delay the publication of audited accounts because their auditors have not yet completed their audit work. In the event of severe delays this can result in the suspension of their shares. I have listed below 4 companies which have had to delay the publication of their audited accounts and have had their shares suspended from trading as a result.

846 days ago

Canadian Overseas – another dollop of deception and death spiral vicar?

Some things in life never change. There is the beauty, innate sophistication, angelic voice and native intelligence of Ms Cheryl Cole for starters. And then there is the ability of Arthur Millholland to enrich himself while obliterating shareholder value by issuing a blizzard of new shares while spunking other folks cash. Whilst I would like to spend the day considering Ms Cole, instead it is Millholland’s latest gravy train (for him) Canadian Overseas Petroleum (COPL) to which I must attend.

847 days ago

Cineworld saves the best until the end – its shares really are toast

Maybe it is a New Year’s Resolution? Cineworld (CINE) appears to to have turned over a new leaf and is, via RNS, now giving some commentary on how its equity is slowly being destroyed completely via the Chapter 11 process that kicked off on September 7.

847 days ago

EXPLOSIVE EXPOSE: Okyo Pharma – still no real results, the FCA notified and here is what it is hiding!

Okyo Pharma (OKYO) has not updated its website and so has still not filed results which include a P&L, balance sheet or cashflow statement. I have alerted the FCA to this and in a normal world the shares would be suspended. But this is the FCA which will be too busy reading woke porn to actually do anything. So what might Okyo be hiding?

847 days ago

Tom Winnifrith Bearcast: 4 stocks that I did not quite make my 2023 tips of the year

I discuss manic swings between optimism and pessimism, my own pessimism re the world and UK PLC but my relative optimism on shares. Then I discuss 4 stocks almost making it as my share tips of the year but not quite – 3 sells, 1 buy.

847 days ago

Okyo Pharma Limited – surely shares should be suspended first thing when the market reopens?

Evil Banksta flags this up on the comments section but this merits a wider audience. This is a disgrace. The great bear, with grammar corrected by myself and a bit of added poison from me, notes:

847 days ago

Tom Winnifrith Bearcast: Pantheon collapses, boy you should have heard Peter Brailey on September 10

I start with a health update, finally some joy from the NHS and, even before that, I am starting to feel better. Then it is onto Pantheon Resources (PANR), Inspirit (INSP), and Atlantic Lithium (ALL) and share options, incentivising the dead. Then macro calls on interest rates, inflation, the real economy, shares, bitcoin, gold and oil. Details of ShareStock 2023 on September 23 are HERE

851 days ago

Ben’s Creek – more greed and the morons love it, they love being diluted, shafted without lube

Ben’s Creek (BEN) shares have zoomed ahead by 15% today to 24.5p on news that shareholders are being shafted. They seem to love being screwed without lube by disgraced CEO Adam Wilson of Atlantic Carbon and Daniel Stewart infamy. Words fail me.

851 days ago

Jubilee Metals – Zambia and Corporate Update, making further progress

Jubilee Metals (JLP) has issued a ‘Zambia and Corporate Update’, including noting “successful completion of the water infrastructure upgrade at its Roan Project and continued advances in the production of cobalt and copper from waste at its Sable Refinery in Zambia”. So what with the shares currently at 10.25p in response?

852 days ago

Tom Winnifrith Bearcast: Beckham's pot dream up in smoke as I defend loathsome Neill Ricketts

I got up early to do part one of my Christmas Carol series today. I had been lying in bed thinking about it and some of the jokes for hours. I hope you enjoyed it. Part two will be tomorrow when we also start our tips of the year, a series of 20. Today I discuss Versarien (VRS), Cellular Goods (CBX) and “the gang” and Advanced Oncotherapy (AVO) where – with the shares now at less than half of par – matters are getting critical and the final collapse could be imminent.

853 days ago

GOTCHA! David Beckham Pot Play Cellular Goods – Rats, sinking ship, atrocious results, cash crisis

The David Beckham backed CBD play Cellular Goods (CBX) was listed at 5p in February 2021. Today the shares are plunging ( off 21% ) to 0.75p and things are only going to get worse. I did warn you. Let’s start with the rats.

857 days ago

Tom Winnifrith Bonus Bearcast: GOTCHA Yourgene

The shares have collapsed 80% today and from 4.25p on November 3. I explain why that matters and why heads must roll as this stock is now just not investable.

857 days ago

Swapping emails with ‘arry Adams as Kefi lunatics plague me and him

I get up off my sick bed to find numerous emails from my fellow shareholders in Kefi Gold & Copper (KEFI). I am told that the shares are “collapsing”. Hmmmm so a 1% fall is a collapse: whatever you say.

858 days ago

Verditek – the fraud will be bust by June.

It was only just over two years ago that shares in the fraud Verditek (VDTK) reached 18p at peak Mike Walters ramp. But, like so many stocks promoted by old mother Walters, Verditek was a fraud and now the shares are just 0.6p. This website has exposed the way Verditek has made announcements about big new contracts on a serial basis since 2017, ramped the shares, got a placing away only to ‘fess that the contract was bogus. The problem with frauds, as Mrs Thatcher might have said, is that eventually they run out of other people’s money. That point will arrive within months

858 days ago

BREAKING - GOTCHA! Dev Clever - A £250 million UK tech blow up: delisting, lies and looks to be bankrupt

I have always warned folks about this company, even before its shares were suspended at 30p last Christmas Eve, giving it a £250 milllion market cap. Others ramped away or took vast fees (bucket shop adviser Novum and PR Chris Lane at Buchanan) step forward. But this was always a failing business drowning in red flags. Today it ‘fessed. Well sort of. It also lied.

860 days ago

What do you reckon Cliff Weight, is Asimilar the most blatant insider dealing of the year?

The last stated NAV of Asimilar (ASLR ) was 25p per share. We knew it had taken one hit (AAA) but still the NAV should have been c20p (ho ho ho). On Wednesday its shares plunged by 32% to sub 4p begging me to ask this question.

861 days ago

Vast Resources is very rapidly approaching the trapdoor of death

20 months ago with its shares approaching 0.1p par Vast Resources (VAST) did a 100-1 share consolidation, telling its credulous shareholders that this was to help it pay a dividend. No sniggering at the back please. A series of fund raises and ongoing operational failure later, the shares are now 0.17p-0.19p. That is a major issue as Vast is again almost out of cash. This time that could be fatal. We are in a nuclear winter for small caps.

861 days ago

The actual rap sheet from the $100m US twitter and discord pump and dump fraud

A wise man suggests that I should not publish the details below of the alleged $100 million social media shares fraud as it might give certain folks in Airstrip One a few ideas of how they can up their game. But I do so anyway. Can you think of a podcast host who invites on private investors posing as BSD traders to pump their stocks with daft price targets. Who checks on whether the host or guests trade into the spikes? As for twitter pumpers…don’t get me started. Anyhow enjoy what is below, and if you have comments about UK citizens engaging in similar practices post away and I will approve.  

861 days ago

Asimilar – so what is the reason your shares are imploding? I offer three scenarios

Yesterday shares in Asimilar (ASLR) plunged 32% to sub 4p. The last stated NAV was – at March 31 – 25.3p so why the plunge. There are three scenarios.

862 days ago

Argo Blockchain back from suspension, shares crash, statement is dire

So the rapidly deleted web pages from the Argo Blockchain (ARB) website, which you can see HERE, were real – it ‘fessed last night, Chapter 11 is a very real possibility. The statement will bring no comfort to the bulls bit at least it means the shares can trade again and they have duly slumped by 48% to 3.5p. That is 3.5p too high.

862 days ago

Nanosynth just 0.3p to sell: bankruptcy by Christmas, will the misleaders come clean?

Back in August the serial deceivers at nanosynth (NNN) announced a death spiral deal with the shysters at Lanstead claiming it “is pleased to announce a conditional subscription to raise £2,942,500 through the issue of 535,000,000 new ordinary shares of 0.01 pence each in the Company at a price of 0.55 pence per Ordinary Share to institutional investor Lanstead Capital Investors L.P., together with a related sharing agreement pursuant to which the Company pledges the gross proceeds of the Lanstead Subscription.” Morons did not read or understand the small print. Now bankruptcy looms and morons who bought into that RNS should be rightly furious with the company and its advisers.

864 days ago

Procook – told y’all another warning, an extra ouzo for the Sheriff of AIM tonight!

I explicitly warned you to dodge the Procook (PROC) IPO at 145p on November12 last year. Since then there have been a catalogue of profits warnings and today, just 40 days after the last trading statement there is another savage warning. It will not be the last and the shares, at just 28p, are for morons and financial masochists only.

864 days ago

Tom Winnifrith bonus bearcast - Argo, the end or the beginning of the end?

Tom First things first. We have now passed 50% on the Woodlarks Christmas appeal. If you can help us raise just another £1500 by donating a tenner we are there. Please donate HERE. Secondly Argo Blockchain (ARB) shares have been suspended. An extra ouzo for me tonight. I discuss reference the screen grab, of a page now deleted by Argo or maybe not, below.

868 days ago

Neill Ricketts is the real victim of the collapse of Versarien, says .... Neill Ricketts

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…

868 days ago

I know it's Edison but a scotching of Kefi doing a placing rumour and a valuation that says shares should treble (or more)

These days he goes by the name Lord Ashbourne but I shall always know Edison’s mining analyst as the convicted felon Charlie Gibson. Anyhow yesterday he was not thrashing some peasant for being a dirty oik or driving while sloshed but instead penning a note on Kefi Gold & Copper (KEFI). Of course Kefi pays for this research but that makes its steer on a placing all the more relevant. No it is NOT doing one right now as I keep being told by folks who will not accept a slam dunk denial from ‘arry Adams.

869 days ago

Tintra – could Richard Shearer’s stake soon really be worth £90 million?

Since I wrote about Tintra (TNT), its rule breaking and interim results on 27 October, it has busy with a few new announcements. Is this now a quarter of a billion dollar spoof?

875 days ago

Cineworld shares zoom – has anything changed?

Yes. The share price. Up 30% at the start now 17% ahead at 5.4p.  That has changed. But anything else?

876 days ago

Home REIT - "we have them on the ropes now" claims Fraser Perring of Viceroy as he publishes new report (below)!

My pal Fraser does not  think much of Home REIT’s (HOME) formal response to his bear dossier and now adds to the savaging of “shy bear” with his own formal response, below in full. Mr.Market agrees with Fraser, the shares are off another 9% at just 51p.  His rebuttal below is pretty brutal.

876 days ago

Versarien pre bailout placing ramp part 2 – placing a bogus story in the local rag, for the cultists to then circulate

Given that Versarien (VRS) is now running on vapours, the pointless creation of loathsome Neill Ricketts is desperate to pump its shares as hard as it can to get a bailout placing away. Yesterday we saw lovable oaf Craig from Big Brother 2001 roped in. Today we see the use of the local rag.

876 days ago

Tomco – yet another bailout placing – can any AIM listed company better this record of value destruction?

Tomco (TOM) arrived on AIM via an RTO int a failed tech business just in time for Christmas 2006. Was that a White Christmas? I only ask because I am dreaming of one and the chap behind that RTO was Howard Crosby, nephew of Bing and cousin of Mary who shot JR.  More than £5 million was raised at 2.5p. Wind forward today and, accounting for a 2017 200-1 share consolidation, the shares at 0.335p, are 99.933% down. Can any AIM dog, still going, match that record of disaster?

876 days ago

Boohoo’s Mahmud Kamani – mad, bad or a genius?

I refer, of course, to news today that  that Boohoo (BOO) has increased its shareholding in Revolution Beauty (REVB) from just under 13% to 26.4654% even though Revolution Beauty shares are suspended as it still cannot bottom out the size of a fraudulent accounting black hole. So is boss Mahmud Kamani mad or a genius?

891 days ago

Versarien pre bailout placing ramp part 1 – loveable scouse oaf Craig Phillips from BB 2001 and the video

There has been a concerted attempt by Versarien (VRS) to ramp its shares in recent weeks. The reason, though it has yet to ‘fess to it is that it will be out of cash, burning cash and having stiff debts to support by Christmas. It clearly needs to do an emergency placing fast, hence the ramping.  Let’s start with the just released video below starring lovable scouse oaf Craig Phillips, the winner of Big Brother 2001.

896 days ago

Justin the Clown’s misleading ramp of a dog where he is already well underwater – eEnergy (looks a great short)

Back in June of this year Justin the Clown told his followers, both of them, that he had filled his boots with eEnergy (EAAS) saying “My new investment that fits ALL my filters”. I am sure that is true, the shares were then c9p. They closed Friday at 6p before the company issued dismal results at 5.40 PM, nobody is watching O’clock. So yes, eEnergy does fit the classic Clown filters. But it gets worse.

896 days ago

Carr's Group – audit delay, shares set for short suspension but trading “has continued to perform strongly” BUY

Speciality agriculture and engineering group Carr’s (CARR) has issued an update including that “the expected completion date for the group’s audit and publication of the group’s FY22 audited results is now mid-January 2023, later than the 3 January 2023 deadline required” but that it “has continued to perform strongly”, so what’s going on?

897 days ago

Ouzo Man adds to his Versarien short – is he smart to do so?

Reader Ouzo man is brave enough to be short of Versarien (VRS) historically this has been a wise move but the shares have surged in the past couple of weeks to 21.5p from a low of c13p.

897 days ago

Publicity Mad Sarah Willingham wants to stop rail strikes by bribing the workers with her £12 cocktails

According to City AM the owners of AIM listed POS bars chain Nightcap (NGHT) are Sarah Willingham and Michael Toxvaerd. Funny, I thought that it was long suffering shareholders who owned this financial abomination where every single person who has ever bought a share and held is now out of the money with the shares trading at just 8p-9p.

898 days ago

“Strategic Review” is the AIM way of saying “we are fucked” – Applied Graphene Materials

On the evening of 7^th November I revealed how perma-dog ( with fleas) Applied Graphene Materials (AGM) was trying to raise money at just 2p even though the shares were 12.5p at the close the working day before. The next morning it fessed, citing my article, and admitted that the issue had been pulled and that it only had cash to last until January 31. The late Mama Cass put a date in her diary for a new gig. Today comes the words every investor dreads “strategic review.”

902 days ago

The dangers of leaving a fund raising till it is too late : Yourgene

Back on 14 October when Yourgene (YGEN) shares traded at 4,25p I warned that the company would almost certainly run out of cash and would need to do a fund raise, HERE

902 days ago

Jim Mellon’s Condor Gold puts itself up for sale (again), better luck second time around

In September 2015 with its shares at 53p Condor Gold (CNR), backed by my old pal Jim Mellon, announced that to maximise shareholder value it was putting itself up for sale. But with no takers by January 2016 and with its shares back at 20p it called the process off. Today: guess what? It is up for sale again! The shares are now 24p! So much progress in almost seven years!

903 days ago

Genedrive rewards executive failure & deserves to go bust: full year results

When David Budd joined Genedrive (GDR) as its CEO in early 2016 the shares were 116p.  Today after diabolical full year numbers the shares are now just 10.5p. So we are all in it together right? Er wrong. While investors have lost 91% of their cash Budd has trousered just over £2 million including an inexplicable 2020 bonus of more than £207,044 taking his total package that year to £444,615. Oink. Oink. It gets worse…

904 days ago

Tom Winnifrith Bearcast: Jeremy Hunt is a LIAR Steve O'Hara is not

Even Pete Brailey the most staunchest of Tory members you could ever meet says he has given up on the party after today’s budget. I go through two lies Jeremy Hunt told and consider how he has screwed the poor, those of us running SMEs and is protecting super rich folks with sons at Eton with another lie.  Like Peter I shall not vote Tory next time.  Then onto a man who is not a liar, Optibiotix (OPTI) boss Steve O’Hara and the presentation he gave today which is below. I mention Skinbiotherapeutics (SBTX) and an email exchange today at this point. Then a few words on Kefi Gold & Copper (KEFI) follow then on to Argo Blockchain (ARB) which I expect to go bust next week and Ceres Power (CWR) whose valuation is still bonkers despite the shares slumping by 80% since peak ramp. 

904 days ago

Ceres Power – on a (very) slow boat to China

Oh dear, oh dear, more bad news from the green pipedreams, slurp the jam tomorrow and forget about the bonkers valuation sector. Today it is Ceres Power (CWR) an AIM listed company repeatedly recommended by our own in-house Guardian reading eco-Warrior Malcolm Stacey but red flagged by  myself and Peter Brailey. Its shares are down by 65% year to date and by c80% since February 2021, the peak of the green bubble madness.

904 days ago

Tesco – a 250p+ share price target after recent interims?

Shares in Tesco (TSCO) were above 270p as recently as August but have fallen back significantly as it faces clear macro challenges. However, it has a long track-record across economic conditions and we consider the share price fall has been too extreme.

904 days ago

BREAKING: Latest RICS survey confirms house price & volume gloom, Purplebricks is surely toast in 2023

There is no way that this turd can be polished. It is a turd for housing market bulls. The latest monthly survey from the Royal Institution of Chartered Surveyors (RICS) covering October is even worse than that for September which was itself pretty dire. Those seeing value in anything housing related shares ( Comrade Stacey?) need to take a reality check.

904 days ago

BOOM: Argo Blockchain 2026 bond collapse screams at you the shares are worth 0p

The bond market is nearly always a better guide to the value of equity than the equity share price since the latter – in situations of distress – is largely driven by bulletin board morons in denial who are trading the stock while institutions  are unable to sell large positions so just sit there like rabbits in the headlights waiting for the end. So there are some folks who reckon that buying Argo Blockchain (ARB) shares  at 8.5p giving a market cap of £40 million is smart…

907 days ago

Company digs hole in road and issues RNS

Digging a hole in the road should not merit an RNS but when you are desperate to ramp your shares ahead of the next bailout placing, needs must.

907 days ago

BREAKING: Every single person owning Nightcap shares has now lost money – but CEO Sarah Willingham says she is having fun & its rewarding for her so that’s okay then

Dragon’s Den “star” La Willingham tells shareholders in Nightcap (NGHT) that for her the past year has been “eventful, fun and, at all times, rewarding”. With her bonus scheme and that for her husband Michael Toxic, that may be true for her family. The shares listed at 10p, peak ramped at 33.5p and the last placing was at 23p. The shares are now just 9p-10p after today’s dire results. So anyone who has ever bought a share in this company since its  January 2021 listing iand who still holds is now out of the money. Do mug punters in Willingham’s vanity PLC regard this experience as “fun and rewarding?” It will only get worse for them.

907 days ago

Sylvania Platinum – improved production and prices, remains a growth and income Buy

Sylvania Platinum (SLP) has announced “best quarterly production since the COVID-lockdowns in early 2020. This increase in production ounces and the 2% higher PGM basket price recorded in the quarter, resulted in stronger profits”. The shares have currently responded up to 92p and there looks more to go.

907 days ago

The curse of the fraud Supply@ME Capital’s David Bull – PCF Group to leave AIM and wind down

Secondary lender PCF Group (PCF) was an AIM sewer high-flier with its shares trading at above 40p just over 4 years ago. Today after news that it was winding down its loan book and delisting the shares are just 0.56p and the man who is to blame for the chain of events that led to today’s bombshell  is David Bull, until August chairing Eight Capital Partners (ECP) and running the Audit Committee as a NED as its bastard big brother the fraud Supply@ME Capital (SYME). Is he the most toxic bean counter in the small cap world?

907 days ago

The Andrew Bell defence at Red Rock

I am no longer tipping Red Rock Resources (RRR) as, I feel that its failure to monetize assts and thus prove what they are claimed to be worth has gone on for too long. Why can’t it monetize even one asset? The failure to do so means more fund raisings and that, to me explians why the shares I still own after almost three years have been such a duff investment for me. But boss Andrew Bell has another excuse…

908 days ago

Tom Winnifrith Bearcast: Can you smell that bullshit from Tern: shares could well halve by Christmas

I start by discussing apple pressing: I am still at it. Then I look at Tern (TERN), Amur Minerals (AMC), Joules (JOUL) and Eurasia Miniung (EUA) as it heads for a cash crisis.

915 days ago

Tom Winnifrith BONUS Bearcast - 10 or is it 12 shares to go to zero by Christmas

Is it 10? Is it 12? You decide. You may say there are a couple of cheats in there. Enjoy.

917 days ago

Tom Winnifrith Bearcast: I apologise to between 70 and 75% of Australians

After that apology to most of the citizens of a nation that has turned Philistinism into an art form I discuss the Bank of England hiking base rates by 0.75%. Then it is onto ouzo man and Purplebricks (PURP) before I turn to two gold stocks that could now rocket by Christmas, Kefi Gold & Copper (KEFI) and Bluebird Merchant Ventures (BMV). I own shares in both and both have two reasons for a dramatic near term re-rate. Then Trainline (TRN) where the outlook is not so bright.

917 days ago

Mode Global and another promoter who tweet trolled goes silent: Jonathan Rowland

Jonathan Rowland the son of the colourful “Spotty”, and the founder and boss of crypto-shite play Mode Global Holdings (MODE) has been deleting some tweets of late, notably those where he trolled Gary Newman for suggesting that shares in his promote, masquerading as a company, were grossly overvalued. Over the past year the shares have collapsed by 91% and now trade at just 3.2p. In light of that, perhaps investors might wish to review some of Rowland’s tweets he forgot to delete, as we have now saved them for posterity. Oddly Rowland is not tweet ramping these days, I can’t think why.  Enjoy.

921 days ago

Cineworld DISGRACE – shares up 220%, short the f*ck out of it and thank the FCA for being so utterly useless

There has been news but no RNS. So for 24 hours there has been a false market in Cineworld  (CINE) with morons now buying the shares at c8p or higher. They are misunderstanding what has gone on in a void as Cineworld has issued no RNS statement. This is a regulatory disgrace, which again shames the FCA, but take advantage of it and short the feck out of the shares.

921 days ago

VINDICATED AGAIN: Made.com – it is over now: Administrators appointed

While the brokers told you to fill your boots with shares in Made.com (MADE) after its £775 million IPO last June, I warned you again and again that this would end badly, as you can see HERE. Made featured prominently in my 2022 ShareStock presentation. This company never had one profitable year in its 12 year existence and now as it calls in the administrators, shareholders have lost everything and the recriminations begin, led by establishment knobhead Brent Hoberman who founded this crock.

922 days ago

MGC Pharmaceuticals – so desperate to place but pro tem more death spiral vicar? Dismal quarterlies

I have warned you for a long time, notably with this dossier HERE, that Standard Listed MGC Pharmaceuticals (MXC) is a dog with fleas drowning in a sea of red flags. Today’s quarterlies, coming after six ramptastic announcements so far this month are piss poor and written with intent to deceive.

922 days ago

BREAKING: Vast Resources bailout funding to stave off insolvency but warns will need another as MONSTER investor deception revealed AGAIN

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.

922 days ago

B.P. Marsh and Partners – shares up on interims, but much more to come? In short: YES!

Previously writing on early stage financial services businesses investor B.P. Marsh & Partners (BPM) last month with the shares at 302p we concluded that they were still a Buy ahead of results for its half-year ended 31^st July 2022. The shares previously closed at 284p but are now 304p on the back of the results.

922 days ago

Tom Winnifrith Bearcast: Malcolm is wrong, wrong, wrong today

Comrade Malcolm Stacey is yakking on about buying green shite shares again today. I explain why he is wrong at four levels to do so. I reference an article I wrote today HERE on floods in Pakistan and a few years ago on droughts in Zim South, specifically Cape Town. On Global warming do not acccept what the MSM, especially Malcolm’s pals at the BBC tell you, drill down to the core facts… Today’s episode shows again that there is no “house view” on this website

922 days ago

Tom Winnifrith Bearcast: ouzo for me as the shysters at Bidstack fess up after my scoop but Parsley Box shares up 150%, WTF?

In today’s podcast I cover Bidstack (BIDS) where after today’s disingeneous ‘fess up folks are delusional. Then I look at Parsley Box (MEAL), Vast Resources (VAST), Canadian Overseas (COPL) and Argo Blockchain (ARB

927 days ago

Genflow Biosciences – time to interrogate the share register, is the convicted pump & dump fraudster still there?

With normal companies and normal investors, one assumes that if a big stockholder has been selling you will see a TR1. But in some cases you would be wrong for making such assumptions. You will remember that Genflow Bioscences (GENF) was created for the Standard list by convicted penny share pump and dump fraudster Ron Bauer and his “known associate” Adrian Beeston. After the IPO at 8p in January of this year family Beeston and Bauer held c20% of the equity. Today the shares slumped to just 1.9p

927 days ago

The wretched, corrupt and pointless world of broker research - Made.com

My youngest daughter believes that Peppa Pig is a work of literary genius. Her big sister Olaf believes in man made global warming. Joshua believes in Father Christmas and I have some belief about what woould be good for Cheryl Cole. Meanwhile, Cliff Weight of Sharesoc and our in house BB messiah PL believe in the utility of broker research. I bring you three notres on Made.com (MADE), floated at 200p last June and shares in which are now c1p.

928 days ago

GOTCHA! Made.com …they think its all over…..200p to 1p in 16 months

Hurst has not stuck the ball in the back of the net yet but the crowd of bears are on the pitch clutching bottles of ouzo and is that a Fat Lady I see among them?  Surely this disgrace from the IPO class of 2021 is doomed after the latest news? You cannot say that I did not, on numerous occasions, warn you all

929 days ago

Deepverge shares tank another 17% - now just 2p to sell: statement needed asap!

The silence is ominous. If Deepverge (DVRG) cannot get a placing away it will have no cash and £4 million of debt (plus interest) to repay. It is, in short, screwed. Toast. Kaput. A dead parrot. It wanted to raise £9 million at 5p. Then it became at 3p. Then, the word is, it became 2p. But with the shares are now just 2p to sell…

932 days ago

BREAKING: The £65m boiler room FCA boss Mark Steward refuses to act on, so now the lads are at it again – Eden Pharma

Time and time again I warned on this website that Appbox Media and OneTrueView were boiler room scams. In all £65 million was stolen from investors who have lost everything. I did contact the FCA about this matter and in May this year, Mark Steward Executive Director, Enforcement and Market Oversight finally replied. He washed his hands of the matter which is good news for the chaps involved as they are at it again! Maybe they can take the total stealings to £100 million while the FCA sleeps.

934 days ago

Bulletin Board Moron of the day contest – can you beat this idiot commenting on Deepverge?

I take an old fashioned view that an asset has value if it generates or will generate cash. In my view the assets of Deepverge (DVRG) do not fall into that category and thus have no value making the company worthless. Mr. Market may or may not disagree but where I stand is clear. Hence I have never owned the shares, never would and have always been 100% bearish. Simple eh? Not simple enough for one poster on the ADVFN asylum…

934 days ago

Argo Blockchain – off another 7% at just 11.25p – how is that 27.6p fund raise and the Deepverge bailout going? Deafening silence!

This is clearly a disorderly market. If the investor flagged up by Argo Blockchain (ARB) who was thinking of investing £24 million at 27.6p is going ahead the shares are dirt cheap as a trading buy. If not then, ceteris paribus, Argo will have gone bust by Christmas. It is a binary bet and Mr Market is telling you that it looks more like the adverse outcome than the positive one. But we can all agree the market is somewhat disorderly. So what the feck are the Oxymorons at AIM Regulation playing at?

934 days ago

Procook Trading Statement – things can only get worse

I explicitly warned you to dodge thie Procook (PROC) IPO at 145p less than a year ago. Today after a second quarter trading statement which saw frantic turd polishing the shares are just 35p. And, whatever the company says about Q2 trading, things are just not going to get better.

934 days ago

Massive Vindication for Tom Winnifrith No 2 - Chill Brands forces to restate results by FRC after TW intervention, letter in full

When I started exposing the fraud at Zoetic, now Chill Brands (CHLL) the shares were 76p. They are now 2.4p and, FWIW, running out of cash again so a sell. The other side fought hard. Seth Freedman – who had harassed Harvey Weinstein’s victims for Harvey - was engaged by a shareholder to threaten, menace and harass me and also two other writers here and a PR girl who is known to be a friend of mine. Shame on Freedman and those who defend him like Evil Knievil. I was not bullied into silence and so, after the massive Worthington vindication earlier, here is another one a, a letter from the Financial Reporting Council.I complained to it about Chill’s accounts. Hey presto, the FRC took action and – as you can see below – forced Chill to restate.

934 days ago

Letter to AIM Regulation: suspend Argo Blockchain until it clarifies its financial position

Mr. Market is telling you that there is something horribly wrong at Argo Blockchain (ARB) and that could well be a looming insolvency. A company that really was going to raise £24 million at 27.6p as Argo promised it would on October 7 would not see its shares languishing at 12p to sell. I have written to AIM Regulation as this is, one way or another, a false market.

935 days ago

Deepverge – shares collapsing, has bailout placing failed? Statement needed

Oh dear, oh dear, shares in Deepverge (DVRG) run by Gerry “the journalist trolling arse” Brandon have collapsed again today and are now just 2.25p bid, 2.375p mid. And to think that – as I exposed HERE – the company started its current bailout fund raise with Turner Pope trying to raise £9 million at 5p. Ooops. The arse assured us that the response from a roadshow had been positive but the share price today (off another 17%) suggests either frantic forward selling or that the placing is flopping altogether.

936 days ago

Chesterfield Resources – Canada SPOOOOOOOOOOOOOOOOOOF sale: bailout placing for Christmas vicar?

Oh dear, oh dear. Some folks paid 2.6p for Chesterfield (CHF) first thing when news of the “sale” of its Canada assets was announced. But it’s a big fat Canadian spoof and the shares have retreated as even the morons picked up on this and are now 2p-2.3p. And when the deeply discounted bailout placing is served up for Christmas those buying at 2.6p. Ouch. I hope they lubed up. So this is why this is a spoof.

938 days ago

Amaroq Minerals – shares to recover following recent news flow and more ahead: BUY

Shares in Amaroq Minerals (AMRQ), formerly AEX Gold (AEXG), were above 40p in August before recently falling back to below 35p. They’re now back above 35p and we look for further recovery on upcoming news flow and sentiment improving.

938 days ago

BREAKING P45 for CEO Ossa the Tosser as price of rescue bailout of ADM Energy

I have lost track of how many times I have exposed the various wrongdoings of Osamede Okhomina, the CEO of ADM Energy (ADME)  but on the Cesspit that is AIM, in the end the Sheriff usually gets his man.  The shares languished at 0.52p at the Friday close, 99.84% off their all time highs but there is good news which ADM will now have to confirm on Monday. For I can reveal:

938 days ago

Deepverge – is the share price telling you that the bailout placing really is at 2p?

Yesterday, shares in embattled Deepverge (DVRG) closed at just 2.75p-3p despite the reports here that its biggest liability, CEO Gerry Brandon ( aka the arse) had been handed a P45 and black bag. So where does this leave the rescue placing?

938 days ago

BREAKING: Supply@Me Capital – has death spiral provider Venus Capital already dumped 4.7 billion shares?

Yesterday at 5.38 pm the fraud Supply@ME Capital (SYME) issued a TR1 RNS stating that Venus Capital SA now owned 13.95% of Supply amounting to 7,900,000 shares based on the 56,617,688,143 SYME shares currently in issue.  Cue major rejoicing by the morons on Twitter and the Bulletin Boards.  The various myths that the morons invented when the first Venus capital allocation of 2,770,000,00 shares on 27 April 2022 when Supply had 40,239,339,950 shares in issue which represented over a 6% stake to explain away the fact that no RNS was issue have been conveniently forgotten for the time being.

939 days ago

Argo Blockchain – now just 14.75p: surely AIM Regulation must force a statement

On 7^th October Argo Blockchain (ARB) announced a three part emergency refinancing package. Two parts will see it limp through to November without calling in the administrators. The third part was news that an investor was preparing to stump up £24 million at 26.7p. But today the shares have fallen, again, to just 14.75p. Surely the Oxymorons at AIM Regulation must force a statement to clarify two vital matters:

939 days ago

This ADVFN thread has not aged well - the moron who says he has lost £700,000 on Deepverge

The thread consists of just three posts and was when Deepverge (DVRG) shares were 21p. A few months earlier they had crossed 40p. What was wrong?

940 days ago

GOTCHA: Deepverge admits my placing expose true but then tells blatant porkies (again)

Oh Dear, Oh dear, what is it with Deepverge (DVRG) boss Gerry “the arse” Brandon and misleading investors? It is like Warren Beatty and his sex addiction, the arse just cannot help himself.  He has admitted that my deeply discounted placing expose of yesterday is true and the shares have again collapsed. Oh dear. Oh dear.

940 days ago

BREAKING EXPOSE: More howling prospectus errors signed off by the FCA – Supply@ME Capital and the £24m blunder

The FCA must approve any prospectus for the Standard List and it has approved that for the fraud Supply@ME Capital (SYME) so allowing it to issue more of its worthless shares. At a proper regulator heads would roll for these massive blunders.

943 days ago

Quarterly NPV: Wretched Colin Bird forced to sell Jubilee shares, the family silver, just how fucked is Tiger Royalties?

Of course, despite boasting that Tiger Royalties (TIR) is publishing its NPV, Net Portfolio Value, the shameless chancer and career penny share hustler Colin Bird neglects to tell us what current liabilities were at 30^th September so we can only guess at that. More on that later but what we do see is a portfolio falling in value and becoming ever more concentrated in illiquid shit where Bird is in control. Today’s RNS is toxic.

943 days ago

Imperial Brands – full-year trading statement, further shareholder returns ahead

Imperial Brands (IMB) has announced year ended 30^th September 2022 “trading in line with expectations with growth in aggregate market share for top-five priority markets” and that a strengthened balance sheet and achievement of target leverage are to enable the immediate start of an ongoing share buyback programme. The shares have responded positively, up to 1940p, so what’s the detail?

945 days ago

Argo Blockchain ‘fesses to cash crisis – told y’all

Okay you did not need the brains of Lloyd George to work out that this was coming but the stench of panic in today’s package of emergency measures from Argo Blockchain (ARB) should un-nerve even Zak Mir as he is paid to ramp these worthless shares.

948 days ago

Slashing (already dire) Versarien forecasts ahead of Q4 share price meltdown

You can sometimes get some borrow in Versarien (VRS) and if you can you should even with the shares, which were once almost 200p, having slumped to below 15p. The next collapse will happen and happen fairly soon. It is a when not an if.

948 days ago

Tom Winnifrith Bearcast: Here is what I would have bought after some on the ground DD had my stockbroker not been on YET ANOTHER holiday

I reckon these stockbrokers must earn even more that those chancers my wife gets in to clean the windows and so I am a frustrated non buyer of a shares I have not owned before. Jaya and I did some due diligence at the coal face today and I explain why I may be buying if I can get hold of the great man tomorrow.  Then it is onto Wildcat Petroleum (WCAT) and the corruption of the deadwood press (the Sunday Times in this case) and finally a detailed look at Malcolm Stacey favourite Strix (KETL) where I have been a bear.  The shares are down 69% over the past 13 months and after today’s news I see an easy 30-40% more downside from here. With an EV of c£400 millionand a £270 million market cap it should be shortable and should be shorted.

948 days ago

Essentra – corporate excitement really kicking off, still a Buy

Essentra (ESNT) has issued “Sale of Filters and Packaging Completion of Sale” and “Appointment of New Chief Executive”-titled announcements and the shares have responded up by more than 15% to above 210p – Mr Market says it sounds like good news then.

948 days ago

The toxic legacy of David Bull – PCF Group stops lending today as it faces growing balance sheet crisis

Shares in PCF Group (PCF) closed 2020 at 30p. Less than three months later they were suspended at 24p as a black hole created by its then recently departed numbers man David Bull emerged. It has been downhill ever since and today’s latest dire update has seen them collapse by 33% to 1.5p. But a spread of 1p-2p suggests market makers know that there could be far worse to come. This is Bull’s fault. Who on earth would employ him now?

951 days ago

Powerhouse Energy – what ails thee?

At just over a penny, shares in Powerhouse Energy (PHE) are down by more than 75% so far this year. At peak ramp on 31 December 2020 they were 9.8p. To all those folks nursing 90% losses thanks to the (undeclared) paid ramping of Zak Mir and the ludicrous claims made by the company including its disgraced ex chairman, the liar and former Tory Minister Tim Yeo, you know who to blame. And it is not me who did warn you, not that you wished to listen.

951 days ago

Made.com – shares soar on hope but the grim truth about the black hole is grim indeed

I say soar. The shares are up 27% at 4.3p. To those dumb fund managers who ponied up £200 million (half from the company and have from investors bailing) at 200p in last year’s IPO that will be scant consolation. They are still almost 98% offside! The news is mixed.

951 days ago

Venus has sold every singly Supply share it has been given - proof for the morons

There are still some morons out there who reckon that mysterious offshore death spiral provider Venus is an actual investor in the fraud Supply@ME Capital (SYME) shares. They are encouraged in this delusion by the company but the reality is that Venus uses ramptastic and fanciful RNS’s from Supply to forward sell shares onto the morons and then converts loan notes into shares to cover. In other words it always has either a negative or zero position in the stock. You think it is just me saying that? Have a butchers at page 5 of the current prospectus which will allow Supply to issue even more billions of death spiral shares…

951 days ago

GOTCHA – Tortilla Mexican Grill – profits warning when’s the placing?

I warned and I warned that this Mexican style fast food rollout would go badly and today shares in Tortilla Mexican Grill (MEX) have duly puked by 30% to 101p. It was just 362 days ago that this company joined the AIM sewer at 181p having raised £5 million for the company and £12 million for founders cashing in some of their nachos. Good call.

952 days ago

A Letter to AIM Regulation & Roland “Fatty” Cornish: Colin Bird’s Bezant a statement & suspension needed

As I exposed here yesterday, Colin Bird’s Bezant Resources (BZT) is insolvent and has deceived investors with its interims on Friday. I have written to its Nomad, Roland “fatty” Cornish, treating him with the respect he deserves, suggesting that the shares be suspended and that a statement is needed ASAP. Since he is almost certainly missing in 7 course lunch action today or perhaps sleeping luncheon off as he prepares for supper, I have ccd in the Oxymorons at AIM Regulation.

954 days ago

Tom Winnifrith Bearcast: BREAKING: Interims from Bezant and Caerus do not add up, have Colin Bird & Fatty Cornish misled us all?

Yesterday saw interims from Bezant (BZT) and Caerus  (CMRS). Has Colin Bird deceived us all? Have King of the spivs Jon Bellis and London’s worst nomad, Roland “fatty” Cornish signed off on a work of complete fiction? I think they have and that Bezant shares should be suspended ASAP and Bird’s career of penny share hustling broughtto an immediate close. All is  explained in today’s podcast. 

954 days ago

Piss poor interims from Eurasia – cash crisis looms

Back in February 2020 when Eurasia Mining (EUA) was trying its hardest to ramp its shares to the moon to allow its dodgy Russian backers to dump stock and for it to refinance, it paid the scumbags at ACF Research to produce a note which forecast that revenues would rocket to £341 million by 2021 by when profit after tax would be £160 million. Hmmm, today we had half year 2022 numbers and guess what? Have you got a microscope handy?

954 days ago

Alpha Growth piss poor and non IFRS compliant interims, does anyone at the FCA care about enforcing its own rules?

Alpha Growth (ALGW) published its piss poor results for the six months ended 30 June 2022 today which showed a loss before tax of £454,635.  The shares were off 7% at the time of writing this article which values the group at £11 million a multiple of almost 4 times net assets.  This looks high compared to say Legal & General (LGEN) which runs asset management and insurance operations with longevity exposure which trades at a multiple of just over 1 times net assets, has massive scale and pays dividends. Alpha is less likely to join the dividend list than, well, Cheryl Cole and you know what.

954 days ago

Avacta Interims: no placing (yet) but bulls should not get too smug

Avacta (AVCT) shares are off only 0.5p at 109.5p today despite some fairly piss poor half calendar year numbers as bulls were given two straws to clutch at: a sharp increase in sales and the lack of a bailout placing. Fear not if you are short: the denouement is only delayed and here is why.

955 days ago

MGC Pharmaceuticals: another red flag vicar? More ouzo on cornflakes for a vindicated sheriff!

Following the publication of my red flag dossier earlier this year, anyone owning shares in MGC Pharmaceuticals (MXC) was fully warned of the need to lube up. I hope they did. The shares were 2.25p back on 11 January when I warned you that this was a £70 million dog from the scholars and gentleman at Turner Pope.  They are now just 0.825p but after another red flag admission today they are still a monstrous sell.

955 days ago

Tom Winnifrith Bearcast: Colin Bird skewers himself Neil Woodford style so Tiger Royalties shares 80% overvalued

My Aunt Lucy ticked me off this morning for writing nasty things about folks. She wants me to be nicer to EVERYONE even folks like Colin Bird and Neill Ricketts. Hmmmmmmmmmm. In today’s podcast I look at Versarien (VRS), musicMagpie (MMAG), Saga (SAGA) and in detail at Tiger Royalties & Investments (TIR), Birds’s collapsing house of related party cards.

956 days ago

Zamaz uses over priced shares to make its first acquisition: all meat to the White mill

Today the disgrace of a £77 million Standard List IPO Zamaz (ZAMZ) has announced its first acquisition, Ecocarni, “a purveyor of premium quality meats and associated products sourced from Italy and Argentina to both wholesale and retail customers, from its flagship store in Milan.”  Some further extracts from the RNS are provided below:

956 days ago

Revolution Beauty Group – Oh dear, you want the bad news or the very bad news?

More ouzo on the cornflakes for the Sheriff of AIM as another 2021 IPO serves up quite dreadful news. After the debacle at Made.com (MADE) next up is Revolution Beauty (REVB) shares in which have been suspended since 1 September as it has failed to get sign off on accounts for the year to 28 February 2022. Now there is more bad news on two fronts: Lets start with the accounting tomfoolery.

956 days ago

Tom Winnifrith Bearcast: Time for eco loons to head to Devon to strip naked and confront David Bramhill again

In today’s podcast, I look at Darktrace (DARK) as its shares slump again, Avacta (AVCT) , Novacyt (NCYT), UK base rate rises, nanosynth (NNN) and the dishonesty of journalist smearing and trolling Union Jack Oil (UJO). PS, Matt Earl, the Dark Destroyer, tells me that he has added to his Darktrace short today.

956 days ago

A Hassard to your wealth - Nigel the Bidstack loon spreads lies

1,271 folks follow Nigel Hassard on twitter for a non stop diet of tweets about why you should buy shares in Bidstack (BIDS). Given the level of delusion from Nigel the question one asks is who is he trying to fool? Himself or other morons? Take this absolute gem below.

957 days ago

Bulletin Board Moron of the week Competition – paranoid Bidstack & Avacta punter edition

Some folks really do need therapy. Bidstack (BIDS) deceives its shareholders a fact I prove, its shares slump and who is to blame. Yes it is evil TW, the Jews and a gang of minions. I kid you not., Here are a few posts from the Bidstack and Avacta (AVCT) boards over at ADVFN for you to consider. I omit the one repeating the canard that I am a convicted tax evader ( never even been questioned) but the selection below demonstrates the paranoia and stupidity of some folks. But can you do better? If so add your examples of stupidity from the LSE and ADVFN Bulletin Boards or twitter in the comments section below. The deadline for entries is midnight Saturday.

957 days ago

Supply@ME Capital: 13 bits of carelessness

Proper companies do not behave like this. But those which are frauds care little for timely filings of paperwork at Companies House, they are too busy ppumping the shares to allow insiders to sell, death spiral financing to be secured. And that brings me to the fraud Supply@ME Capital (SYME) which apppears to be picking up on two years of missed filings as the screenshot below shows. Such industrial scale backfiling is not a good sign, it is another red flag to add to the forest.

958 days ago

BREAKING: Made.com – shares continue to slide as cash crisis gets worse – RNS needed

On 16 August I warned HERE that Made.com (MADE) would be lucky to end the year with its bottom of the range cash forecast of £5 million and that the company needed to get away a placing of £40 million. Two days later it ‘fessed that it was working on things with its advisers. Since then matter have got worse and worse and I wonder if this can be rescued at all. First up is the very obvious cash crisis

959 days ago

Nanosynth – as the share price collapses the sheer scale of the 26 August mendacity is exposed

Needless to say, the Oxymorons at AIM Regulation have failed to force serial dog Nanosynth (NNN) to correct the grotesquely misleading RNS of 26 August in which it claimed that a Lanstead death spiral deal meant that it had secured “ a conditional subscription to raise £2,942,500  through the issue of 535,000,000 new ordinary shares of 0.01 pence each in the Company at a price of 0.55 pence per Ordinary Share.” That was a big fat fecking lie and with the shares collapsing to 0.42p, i.e less than they were before the deal was announced and a couple of subsequent ramptastic bullshit RNS’s. Mr Market is waking up and smelling the coffee even if the bogus Sheriff of AIM, Marcus Stuttard, and his colleagues are asleep at the wheel.

960 days ago

BREAKING: Open Orphan Insider Trading Probe - Dublin arrest

It is being reported in the Irish online publication, The Currency, that a businessman arrested on suspicion of alleged insider trading this week was trading in the shares of Open Orphan (ORPH). However the businessman was not working for the Irish company.

960 days ago

Tom Winnifrith Bonus Bearcast: Crack out Evil Banksta's ouzo, vindicated on Naked Wines disaster call in just weeks

The first big call on Naked Wines (WINE) was 18 days ago HERE. Then there was a big follow up article on September 6 HERE. After 2 announcements at no-one is watching O’Clock last night the shares have crashed by 40% today. I discuss where next as I ponder Evil Banksta’s generous gifts on Saturday.

962 days ago

Boom, boom: Why are Audioboom shares collapsing?

The shares are off another 15% today at 498p. That is less than a quarter of what they were, earlier this year when the fraudsters favourite journalist Ben Harrington was telling readers of the loathsome fake financial newspaper the Mail on Sunday that bidders were circling. So why are the shares trading lower. There are three reasons:

964 days ago

Ignore director spoof share purchases, fundamentals will out: ref Cake Box

Back in November of last year the CEO of Cake Box (CBOX) sold 3 million shares at 350p to mug fund managers. That means that over the past two years he has trousered £16.4 million at 170p and 350p. Lucky him. The company, which I have called out for months as a slam dunk car crash waiting to happen, has recently served up a horrific profit warning and its shares touched 90p. But then the CEO invested £250,000 at 121p and hey presto the shares are now 142p – more than halfway back to the pre-warning 180p level. This is absurd.

965 days ago

Cineworld worth 0p-1.5p, stay short – Evil Banksta

My problem, as ever, is being to much of a nice guy. So, generously, have long argued that Cineworld (CINE) shares might be worth 2p. And I stay with that view after yesterday’s Chapter 11 news.  Evil Banksta,, being a bankster, is by definition not a nice guy and so has been even more bearish. He stays short and bearish and argues that, in a best case scenario, the shares are going to 1.5p. And unlike Damian from Northern Ireland who should be in jail, he explains his reasoning in a balanced fashion, thus:

967 days ago

Cineworld – this man should be in jail

AFTER the company announced that it was going into Chapter 11, Damian From Northern Ireland posted the video below urging folks to buy shares in Cineworld (CINE). Damian you should be in jail. For what he says is selective, quoting from the RNS about how deleveraging will strengthen the balance sheet etc, etc. But neglecting to mention the explicit warning that equity holders will be more or less wiped out. Unbelievably……

967 days ago

BREAKING – Cineworld files for Chapter 11 and the shares soar, how insane is that?

Cineworld (CINE) has shocked nobody with half a brain or more by putting its US assets into Chapter 11 ahead of a “restructuring process”. Amazingly morons see this as good news! The shares were 25% ahead shortly after the RNS arrived. but are still 13% up at 4.4p. Madness. Cineworld is explicit about what is going on, stating:

967 days ago

Tom Winnifrith Bearcast: The guy serving booze in the supermarket was a poster on the LSE Asylum who owned shares in SYME " You're a drunk and about my Ferrari"

Ok that was part of my dream as Jaya and I went out buying the booze for ShareStock. I relay the dream in full and also an old joke. Then onto three companies where there may be financing issues very soon: Versarien (VRS), Deepverge (DVRG) and Wishbone Gold (WSBN). Finally Sharestock. If you want a ticket and have not booked you have just over 24 hours tpo do so and then I will close bookings as we have almost 80 folks coming. Secondly, if you are among the 80 and want supper here with the family from c6.15 LET ME KNOW BY EMAIL BY COP WEDNESDAY.  You can book your seat HERE.

967 days ago

Westminster Group ramp: Arden Partners and MWM you are an effing disgrace

The morons are getting terribly excited by an article by my old mucker Mark Watson Mitchell (HERE) suggesting that shares in Westminster Group (WSG) chaired by disgraced ex Tory MP Tony Baldry of the fraud 3DM infamy, are cheap as chips. The article is titled “Giving Money away” But it is all demonstrable bollocks targeting the stupidest investors to try and pump the shares ahead of a bailout placing. That will be the 35^th such bailout in Westminster’s tawdry history.

968 days ago

BOOM: Aaquaverse going bust – wanna buy some Audioboom shares? Plenty on offer if you are mad enough

Oh dear, Oh dear,  as my old pal Michael Walters would say as one of the many duffers he had tipped aggressively had an encounter with the Fat Lady. The house of cards that is Audioboom (BOOM), AAA, and Asimilar (ASLR) is starting to collapse.

968 days ago

Tom Winnifrith Bearcast: The compelling short case for Avacta

I start with a few words on the logistics for Sharestock, the supper with my family and Wednesday’s deadline for booking HERE. Then on why Avacta (AVCT) shares will collapse at any time, on retail-aggeddon and then onto the Malcolm Stacey view that we should all be in cash. I disagree witn the old Guardian reading loon.

969 days ago

Cineworld – a shorters nightmare or a shorters wet dream?

Shares in Cineworld (CINE) are rocketing. They were down to 2p. Today they are more than 50% ahead at just under 7p, valuing this company at £90 million. On the BBs folks are talking 10p and 20p. They have not been this excited and screamed “burn shorters burn” since they piled inro Petropavlovsk (POG) just before it went bust. Or Thomas Cook, shares in which surged from 4p to 14p in the last fortnight before it went bust!

983 days ago

Tom Winnifrith: New shorts, old shorts, no recordings no holds barred in just 8 days

It is 8 days to Sharestock when 70-80 folks will spend the day in a tent on a raised garden on the banks of the River Dee, eight m,iles from Chester but in Wales! There will be free drinks all day and up to four meals of locally produced food. There is salmonand pike fishing, prize croquet but this day is for those who want to make more money from shares. It will be fun and entertaining with no speaker, least of all me, pulling their punches.

983 days ago

Cake Box Told y’all! Disastrous warning and it will get worse

Lucian Miers may have become a big fan of Cake Box’s (CBOX) egg-free mega calorie cream cakes but it seems that others are taking a different view. You have been repeatedly warned that this was a disaster in waiting and today there is a catastrophic profits warning and it is only going to get worse. How jolly glad the CEO and his Mrs who sold 3 million shares at 350 to poor dumb sheeple fund managers last November and 3.75 million 170p in September 2020 will be to have banked £16.88 million as the shares are now just 98p. And things will get worse.

983 days ago

A hopping mad Matt Earl on Darktrace – you’d be mad to own the shares

Last week the Dark Destroyer agreed to do a conference call with a few fund managers to discuss Darktrace (DARK). Some sad feck recorded the call and passed the recording to the Sunday Times which ran a big story “exposing Matt’s undisclosed short”. If only financial journalists on the deadwood press understood that short disclosures are only visible over 0.5%. So, for Darktrace that would be c. £18 million, way too big for Earl’s Shadowfall oufit. Earl is hiding nothing.

983 days ago

EXCLUSIVE: Boohoo.com – The Dark Destroyer Matt Earl spells out the cash need and the way shareholders were fleeced

Over the weekend I explained HERE why Boohoo.com (BOO) could go bust. Given the shocking corporate governance history here arguably it SHOULD go bust. Boohoo is just a bad actor on the PLC stage. Matt Earl, the Dark Destroyer, was an early critic of Boohoo but even with the shares having crashed to 44p, giving a £560 million market cap, he warns of massive problems ahead and quantifies the extra cash need: £200 million.

985 days ago

Spanking Bethany’s bottom – you can’t say that!

The Bethany in question is Bethany Garner of Forbes who wrote an article a fortnight ago on the three cheapest CBD stocks in London. The trio were, as a I pointed out at the time, the most total dogs, draped in red flags in a sector on its knees.  On Friday one of the three served up dreadful news and its shares slumped so I said Bethany should have her bottom spanked.

985 days ago

OptiBiotix Health – current trading disappointment, but highly favourable risk/reward here?

OptiBiotix Health (OPTI) has announced that it now expects half-year sales in its new structure to be materially lower than expected and, though it expects sales normalising in the second half and healthy growth next year, the current year is to now be “insufficient to make up the H1 deficit”. We profusely apologise for the short-term disappointment though, having spoken to the company, what to do now with the shares down at 19.5p to buy, a £17 million market cap?

992 days ago

New shorts, old shorts, no recordings no holds barred in 16 days time

It s just 16 days to Sharestock and I bought the big tent for it yesterday!. It will not just be about shares to short. Peter Hambro will talk about gold and how to play it. Chris Bailey will talk about making money from long only value investing in a bear market and 3 CEOs will face a 15 minute grilling from me, including Optibiotix boss Steve O’Hara and Cathal Friel of Open Orphan. But the short sellers presenting are legends.

992 days ago

Love Hemp issues the sort of misleading release which again shows why no adviser should act for it

Having told a grotesque lie to investors about raising cash which it had in fact not raised, the board of Aquis listed Love Hemp (LIFE) should be in jail. Instead, with almost no cash, it limps on, its shares suspended as no advisor has signed up to replace Peterhouse, which quit when the lie emerged. Today another deceit.

992 days ago

Tom Winnifrith Bearcast: Today I bought shares in ...

All is explained in the podcast but my pension has gone to nil cash after this trade. Then I look at Eden Research (EDEN), musicMagpie (MMAG), Cineworld (CINE), Boohoo.com (BOO) and Revolution Beauty (REVB). As of today 72 chairs will be needed for ShareStock on September 10. I am scrabbling to get them so if you want to attend please book early in case I need to do more scrabbling. Book HERE

992 days ago

Cineworld comments, shares up – thanks be the Lord, another chance to short

This statement should have come out on Friday but Cineworld (CINE) likes to treat its shareholders in the way that dirty peasants deserve. So is the company going bust?

992 days ago

Thungela Resources – interims - we are 80% up here so what next?

Thungela Resources (TGA) has announced results for the first half of 2022, noting “profit for the reporting period of R9.6 billion in a volatile operating environment (H1 2021: R351 million)”. This has currently helped the shares up to around 1500p, so how does the value look now?

993 days ago

BREAKING: Cineworld shares plunge 89% - it is preparing to file for bankruptcy

Two days ago it fessed to considering a debt for equity swap that would see shareholders almost wiped out. Today it could, as I warned,  be even worse than that.

993 days ago

Chill Brands shares surge on non deal – do a google search!

We have not had any hard sales data from Chill Brands (CHLL) for an eternity. We had interims to 6 months 30 September 2021 then an admission that much of the H1 revenues booked may have to be backed out when FY to March 31 numbers are eventually released. In early May there was an admission that offline sales through retailers were essentially zippo and a claim that online sales via Chill.com were up by 30% in the three months prior. 130% of SFA is still SFA.

996 days ago

Made.com – Gotcha!

I explained in detail earlier this week why Made.com (MADE) is going to HAVE to do a bailout placing. Floated at 200p just over a year ago, raising £100million by issuing new shares while existing shareholders lobbed out a cheeky £90 million of stock onto gullible institutions, the company is quite simply running out of cash. Today it “responded to media speculation” and essentially ‘fessed that I was right. This will be messy.

997 days ago

Canadian Overseas Petroleum – utterly shite Q2 results in the most favourable macro climate ever! Target price for 2023 0p

Does our own BB savant PL still believe in reports from this company’s house broker saying that Canadian Overseas  Petroleum (COPL) shares will roof it? Who is going to break the news to him that Santa and the tooth fairy are not real? Today’s Q2 numbers try to hide the point but are truly appalling.

997 days ago

Versarien: shares slumping, is it the bailout placing or a grim year end trading statement? Or Both!

You will remember that when the old auditor to Versarien (VRS), run by loathsome charlatan Neill Ricketts, walked, the new bean counter said that it would not have sufficient time to sign off on results to March 31 so Ricketts extended the year end to September 30. But the shares are today sliding (again), off 10% to 18p, as chickens prepare to come home to roost.

997 days ago

Abingdon Health – even more bad news, ouzo on my cornflakes

I warned before it listed that Abingdon Health (ABDX) was essentially insolvent and that the 96p ( £92 million market cap) was bonkers and that anyone investing was insane.  But, of course, institutional fund managers (playing with YOUR  money) knew better and gambled £22 million. After the latest shocking news the shares are, after 19 months, just 6.75p. Ouch.

998 days ago

Daniel O’Neil you old spoofer – your share buying at Procook does not wash

The IPO of Procook (PROC) last November was one that I explicitly warned you about. That offer was at 145p. The shares are now 40p but CEO Daniel O Neill really is the most almighty spoofer, his share buying of late is a red flag in itself, an invitation to go short.

998 days ago

Video: Buy gold and shares, sell bonds as we head for a decade of inflation

Analyst and writer Kevin Muir  says that investors seem to be having problems understanding the current economy and inflation: those in charge are arguing that this past month had no inflation. The reality is that month over month figures may be indicating that inflation has peaked.  Kevin says that this may cause the Fed may to be less hawkish than most investors are expecting.

1000 days ago

Shield Therapeutics – failure rewarded and interests unaligned

Greg Madison was appointed as CEO of Shield Therapeutics (STX) on June 1 2021. The shares were then 60p. Today they are 8p. In just over a year Greg has presided over a catastrophic 87% destruction of shareholder value. Luckily Greg had no shares himself just a stack of options granted to him two weeks after he joined, to incentivise him.

1000 days ago

Canadian Overseas – the death spiral ramps up in & still the morons can’t do the math!

Still the dumb pricks who own these shares do not seem to get it and think that abusing and trolling and abusing myself and Gary Newman is going to reverse the all too predictable share price decline. Today, there is another RNS for them to ignore.

1000 days ago

Tom Winnifrith Bearcast: When it comes to customer service the French can be such xxxxx

I start with my troubles in travelling and also with a guest at the Greek Hovel changing all the locks. Suffice to say I am in a bad mood as I head back to Wales. Then it is onto Canadian Overseas Petroleum (COPL) where – goaded by a trolling and abusive shareholder – I remind you why the shares will be sub 10p by Christmas and could well then head rapidly towards zero. Then back to Zak Mir and Lift Ventures (LFT), where I serve up a scenario where the initial Miriad deal was illegal and the cover-up needs exposing, something Aquis Regulation could do at ease. Of course if the NEDS and adviser Optiva are smart and, if my theory is correct, they will resign and whistleblow now as IF the initial deal was illegal and that is now being covered up they do not want to be implicated if things get messy.

1002 days ago

Tom Winnifrith Bearcast - when is the placing at Oxford Cannabinoid?

 I start with AMTD Digital, run by a man banned from operating in Hong Kong, whose US listed shares have zoomed  ahead by 14,000% since its IPO a few weeks ago. It is now valued at more than Goldman Sachs. This is insanity writ large but it is risky betting against insanity. Then it is onto the stench of the Betahny Garner affair, Cellular Goods (CBX), Kanabo (KNB) and Oxford Cannabinoid (OCTP) where i discuss other clear signs that a bailout placing is being lined up. Then it is onto Online Blockchain (OBC) and the threat ADVFN (AFN) should be making against it. Finally I discuss La Willingham’s Nightcap (NGHT), its trading statement and the cash crisis looming this Autumn.

1002 days ago

Tom Winnifrith bearcast: is journalist Bethany Garner of Forbes bent or just incredibly stupid?

I start with Kanabo (KNB), Oxford Cannibanoid (OTCP) and Cellular Goods (CBX). Who on earth would write them up as the three pot stocks to buy. They are all utter dogs facing looming cash crises. Meet Bethany Garner. I then discuss Victoria (VCP) after this bombshell. Then  Gary’s death wish, not as a Euroloon, but in considering buying Revolution Beauty (REVB). Then Ariana (AAU) and why its shares continue to drift.  I start with news of a last minute cancellation here in Greece. If you fancy a last minute luxury break drop me an email. Anyhow it means a more leisurely drive back for me starting, I think, on Monday.

1002 days ago

Advanced Oncotherapy tells an obvious porky as it issues more confetti

Does Advanced Oncotherapy (AVO) think that its shareholders are stupid as today’s RNS announcing yet another issuance of confetti ( 2.2 million shares to raise £550,691 gross) is quite obviously a load of cobblers.

1002 days ago

Tintra Results analysis – Part 2 – the promised jam tomorrow & the vast discrepancies on management pay

In part one I looked at the legacy issues and the FRC rule breaches. But what of the sunlit uplands mug punters owning Tintra (TNT) shares are promised?

1002 days ago

Revolution Beauty; Lack of profits warning, shares collapse – a new posterboy for the 2021 IPO hall of shame

On 19 July last year Revolution Beauty (REVB) joined the AIM Sewer raising £110.7 million by issuing new shares and with founders dumping £189.3 million of shares at 160p.  After a warning today about dismal trading which is so bad that it begs the question of whether Revolution will go bust, the shares are 26p. This is a new posterboy for the AIM 2021 IPO class of shame and advisers Zeus Capital should be asked some real questions.

1002 days ago

Tom Winnifrith Bearcast - life in the old dog yet!

I shall post photos in the next day or so showing me climbing a rocky and overgrown hill to a castle in the burning midday sun with my daughter Jaya on my back. I did the same three years ago with Joshua but managed better today. There is still life in this old dog. Then onto GSK (GSK) and Haleon (HLN). I ditched my Haleon shares today and explain why. Then I look at Revolution Beauty (REVB), ProCook (PROC), the fraud Supply@ME Capital (SYME), Cellular Goods (CBX) and in detail at Purplebricks (PURP). 

1011 days ago

GSK: half-year update - what now after consumer health business demerger?

GSK plc (GSK) has announced a “slightly better than expected” first-half performance, and the shares have responded up to 1755.8p.

1013 days ago

Tom Winnifrith Bearcast: Flip Flop, Ben Turney, & Dan Levi go to war again

I have no skin in this game, though I wouldn’t wish to own shares in Flip Flop’s Kavango Resources (KAV). However, as the two men go to war, it is time to grab some beer and popcorn and enjoy from the sidelines. Then, I look at Asimilar’s (ASLR) cash crisis, and Red Rock Resources (RRR) where, despite Andrew Bell pulling his usual trick, I hang on. Finally, I take a detailed look at Ince Group (INCE), where I am now 90% vindicated, with the shares crashing to c. 5p. I await an apology from its PR man, who suggested that, at 52p just before Christmas, I was wrong to be such a bear. To watch my next hat eating, go HERE.

1013 days ago

Argo Blockchain – a 1-year anniversary of major, but far from isolated, corporate governance failure

There are many reasons to be bearish of Argo Blockchain (ARB), not least a CEO, Peter Wall, who dumps millions of pounds of shares AFTER sounding folks out about a placing, which took place less than two weeks after that dump.  But that is not the only corporate governance issue.

1013 days ago

Meet Jackie Louise Cope - she is a Union Jack owning moron

Pray for poor Jackie Louise Cope for she is a moron, an obsessive and a fantasist. Her twitter line is full of tweets giving folks, generally utterly spurious, reasons to buy shares in Union Jack Oil & Gas (UJO). I fear that she is obsessive for she seems almost one track minded. Please Jackie go and do something interesting for once. Go get a life! Take up pilates. Learn vegetarian cooking. Go to the boozer. Do something different to break your rather sad routine!

1013 days ago

Letter to FCA – Alessandro Zamboni of the Supply@ME Capital fraud: statement overdue on possible covert share dumping

I have written to the FCA, which is the regulator – no sniggering at the back, please – of companies on the (sub) Standard List, like the fraud, Supply@ME Capital (SYME). A statement is now overdue, for clarification of whether or not its boss, Alessandro Zamboni, has covertly dumped shares.

1016 days ago

Toople dire interims, insolvency looms and is it admitting to lying to investors about money?

Toople (TOOP) has always been a dog with fleas and anyone owning the shares, down another 28% today to 0.021p has only themselves to blame – the loss since launch is now 99.75%.  But today’s statement seems to contain an admission of an obvious and monstrous lie told in an RNS before Christmas. Is low life adviser Novum happy with its clients lying to investors? I suspect it doesn’t care as long as it is paid but I’d hope that the FCA would care.

1016 days ago

Wood Group - a Buy (again)?

Last year we banked a more than 40%, less than 7 months, offer-to-bid gain on Wood Group (WG.) at 300.3p. That proved good timing with the shares eventually falling back towards 150p before then recovering to above 250p again. However, they are now available at a 155p offer price and are again a Buy.

1018 days ago

Why Cineworld just has to be your number one short, target price 0p

It is hard to imagine a more perfect storm than the one that now faces Cineworld (CINE). I know that myself and Lucian have been telling you to short it for some while and you will be well in the money if you have followed that advice with the shares now just 21p. But that is 21p too high and so it is not to late to open a short or to add to your position.

1018 days ago

H&T Group – shares further up ahead of scheduled interims, bank gains?

Previously updating on the UK’s largest pawnbroker and a leading retailer of new and pre-owned jewellery and watches, H&T Group (HAT) we concluded that we continued to look for further news flow to drive a return to an above 350p share price. The shares have now reached further higher than that.

1021 days ago

Richard Jennings vs Ironveld, the Align boss hits back at bullying toff value destroyers and suggests he may sue

It is quite clear that Ironveld Resources (IRON) is a serially underperforming AIM dog and that its management should be held to account. Since Giles Clarke took the helm its shares have plunged from 4.5p to just 0.35p.  But Giles is a top fellow who went to Rugby School, then Oxford and was head of the England and Wales Cricket Board so we are not allowed to say what a crap job he is doing and how he should never be allowed to run an AIM company again. Clarke is a jolly fine fellow and anyone who says otherwise is just a smelly oik. Step forward professional northerner Richard Jennings.

1022 days ago

Supply@Me Capital – is CEO Alessandro Zamboni about to be forced to reveal a big share dump TWO YEARS AGO?

On 29 July 2020 the fraud Supply@ME Capital (SYME) announced a loan transaction involving 5.89 billion shares as follows in an RNS:

1022 days ago

Winnifrith Vindicated yet again, Petropavlovsk – The fat Lady to sing on Monday

Petropavlovsk (POG) was obviously aware that I was driving across France on Tuesday and distracted by the most stressful of episodes, as it took the chance to suspend its shares and say that it would appoint administrators while I was distracted. Today it said that the hearing in the Courts to settle the administration is scheduled for Monday. As the fat lady warms up there are three key takeaways from someone who predicted this on March 4 HERE.

1022 days ago

DETAILED EXPOSE: Eight Capital Partners – the bastard little brother of the fraud Supply@ME Capital – accounting howlers exposed

Oh dear, oh dear. This should be another massive red flag for the morons who own shares in the Supply@ME Capital (SYME) fraud to ignore. It will also prompt a formal complaint to the FRC about auditors PKF Littlejohn and Eight itself.

1022 days ago

OptiBiotix Health – agreement with Firmenich, remains a Strong Buy

Writing on OptiBiotix Health (OPTI) last month with the shares at 21p to buy, we noted potential for a move into meaningful profitability and further potential from ‘second generation’ products addressing much larger market opportunities. We drank our own medicine with Tom buying more shares at 22p. The shares are now further up at 31.5p on the back of a “Joint development agreement signed with Firmenich”-titled announcement.

1023 days ago

Tom Winnifrith Bearcast – Back at 3.30 AM from the Northern Ireland game

I share a few thoughts with you – truths one cannot say in public – about the game last night. Notwithstanding that, I enjoyed the match, and the Northern Ireland girls held their heads up. Then, I discuss Canadian Overseas Petroleum (COPL), explaining my Christmas sub-10p target – the shares really will halve from here. I look at Shield Therapeutics (STX), MGC Pharmaceuticals (MXC), and Science in Sport (SIS) which, at every level, looks a stinker – even after today’s 22% fall, the shares are grotesquely overvalued. I explain why. Finally, I describe why Malcolm should have learned from IQE (IQE) before continuing to tip Zoo Digital (ZOO) - as he has again done, today.

1023 days ago

Video: The Pain for Equities Isn’t Over

If you think that the worst for shares is over, think again, says analyst Chase Taylor

1023 days ago

Love Hemp – which Aquis adviser will act for this one?

The aquis-listed pot play, Love Hemp (LIFE) - backed by boxer, Anthony Joshua – committed fraud in February of this year. Its adviser, Peterhouse, rightly quit, leaving the shares suspended. Today, Love has reshuffled the corporate deckchairs and is talking to a new advisor, so people can trade its shares again. Which advisor is so bent that it will act for a demonstrable fraud?

1031 days ago

Bidstack – can a moron do maths, after dire trading statement? It appears not.

Sales are vanity, profits come down to opinion. Cash, however, is a matter of fact. In that vein, one wonders if, after today’s dismal trading statement, Bidstack’s (BIDS) moronic shareholders can do basic maths. If they can, they will sell their shares first thing.

1033 days ago

AO World – £40m Placing and Primary Bid offer – thanks, but no thanks

Having insisted that it was on track to hit forecasts (which included an improved cash position), AO World (AO.) has today announced a £40 million institutional book build and Primary Bid Offer, at 43p – last night, the shares were 47p. So, should you consider an investment? Er…no.

1033 days ago

Tom Winnifrith Bearcast: Will Lucian Miers survive Thursday Night?

As a Scottish Catholic, Lucian Miers will support Norway this Thursday. I think this is unwise, as we are sitting amongst the Northern Ireland supporters. I’ll have to explain to fellow members of the GAWA that Lucian is a Fenian, hence his sudden love-in with the land of Quisling. On shares, I look at Edenville Energy (EDL) and its new board member, Paul Ryan (remember him?). Then, I discuss Central Copper Resources, Cineworld (CINE), and Purplebricks (PURP), which, ceteris paribus, will go bust in a year.

1043 days ago

Finally the FCA boots Umuthi off the Standard List but is understandably shy as to why, given its own failure to stop this fraud

Finally, a year after its shares were suspended for the second and final time just a few months after its IPO, South African fraud Umuthi (UHS) has been booted off the Standard List by the wretched and useless poltroons at the FCA. The regulator is rather coy as to what is going on, perhaps because of its own incompetence in admitting this POS to the market in the first place.

1044 days ago

Eurasia Mining shares still sliding – 2 questions it MUST answer now

On 4 December 2020 shares in Russia PGM promote Eurasia Mining (LSE:EUA) hit 40.55p and morons across the interweb, spurred on by fraudulent paid for research and also by blatant market abuse by Good Germans, pondered what colours their fleets of Ferraris would be painted. Today the shares are just 5p after dire finals earlier this week. There are two big questions Eurasia needs to answer:

1044 days ago

Tom Winnifrith Bearcast: arguing with Steve O'Hara, as we miss out on Darren the Leatherman and Lucian the cowboy

I apologise for ShareProphets’s lack of Pride celebrations, unlike the big corporates. Next year. Or maybe not. Then, it is on to my argument with Steve O’Hara at Optibiotix (OPTI). I do not regret buying more shares, but I am, nevertheless, cross. I explain this, before looking at Dev Clever (DEV) and something very fishy indeed. After that, I discuss Ben’s Creek (BEN), the Adam Wilson CV and why this will all end in tears. Finally, an IPO: Alteration Earth (ALTE), and why you should avoid it like the plague.

1046 days ago

Tom Winnifrith Bearcast: V is for Vindication (Kefi, Verditek, Shield and the list today goes on and on)

In today’s podcast I look at Optibiotix (OPTI) where I bought more shares today, Kefi Gold & Copper (Kefi), Guild ESports (GILD) asking if it and David Beckham are breaking up, Nanosynth (NNN), the shysters at Verditek (VDTK) and Shield Therapeutics (STX). It is definately ouzo, or rather elderflower champagne, for supper tonight.

1046 days ago

Verditek – that ol’ contract win spoof works again – bailout placing achieved

Just how many times will mug punters fall for this spoofing?  Last Thursday shares in Verditek (VDTK) traded at 1.3p. On Friday they soared to 1.6p. On Monday there was a contract announced and they roofed it to 2.5p. Today…

1046 days ago

EXPOSE: Supply@Me Capital - the state of its cash crisis

Today the fraud Supply@ME Capital (SYME) will hold its Annual General Meeting which amongst other things will authorise an increase in its authorised share capital so that it can issue additional shares to Venus Capital under the death spiral and issue shares to vendors of Tradeflow Capital to settle the deferred consideration.

1047 days ago

Supply@ME Capital hook up with China NFT blockchain play – small beer and gobbledygook

How to cram as many buzzwords as possible into an RNS in order to excite moronic investors so as to assist your death spiral provider dump shares:  a lesson from the fraud Supply@ME Capital (SYME).

1047 days ago

Tom Winnifrith Bearcast: Cliff Weight of ShareSoc, the High Class Eastern European hooker, Mark Slater & our bet

I am not suggesting anything inappropriate just making an analogy as I discuss Zephyr Energy (ZPHR). I then discuss Optibiotix (OPTI) and a chat with Steve O’Hara. If you want to spend a day with Steve over all day drink and home produced Welsh food you can of course do so HERE where, I am happy to say, that almost a third of the seats are already booked out. Then it is onto Oxford Biodynamics (OBD) and Shield Therapeutics (STX) – will its placing be at 5p or not at all?.  Then onto Pennon (PNN), sewage and Feargal Sharkey. Finally Abingdon Diagnostics (ABDX) where good news today has seen the shares rocket but that only postpones the next bailout placing ( or death) until Advent.

1047 days ago

Powerhouse – can anyone explain what is the USP of its unproven tech is now? HUI goes Dutch

On a day when Ceres Power (CWP) hooked up with Shell and promised to spend £100 million on its tech which will produce Hydrogen from waste far more cheaply than anyone else on this planet I ask someone, anyone, to explain why Powerhouse Energy (PHE) is not pointless as its bastard offspring Hydrogen Utopia (HUI) goes Dutch.

1047 days ago

Can David Lenigas read a balance sheet or doesn't the fat Aussie spiv care?

If I have suggested that Mr David Lenigas was a National Treasure and Britain’s most talented objective analyst of small cap shares, rather than a fat Aussie spiv and shameless promoter of penny share dross, I must apologise. Not to Big Dave but to you dear reader.

1049 days ago

Supply@Me Capital – One Tradeflow Deal Does Not Change The Underlying Insolvency

Shares in the fraud, Supply@ME Capital (SYME), raced ahead on news of a financially immaterial transaction. Crazy, eh? And how do we know it was immaterial?

1049 days ago

Tom Winnifrith Bonus Bearcast: Once Again, Deepverge Grotesquely Misleads Investors

Last year, AIM sewer poster boy,  Deepverge (DVRG), did a placing at 30p. It had misled investors on trading, and its ghastly CEO, Gerry “the arse” Brandon, slated me as not understanding investment. Today, the shares are 10.5p, after awful finals in which, as I explain in this bonus podcast, the company again – by omission rather than act – materially misleads investors. If you own this stock, lube up; there is more pain coming your way.

1049 days ago

BREAKING: Kefi loses licenses in Ethiopia, insist the BB bien-pensants - an email from 'arry Adams

A reader emails about Kefi Gold & Copper (KEFI): “you see how serious, if true, the situation is? So, don’t suppose you can get a response from HAA, since… without clarity before the markets open, shares will collapse 100%“.

1050 days ago

Tirupati Graphite warning – surely a discounted placing is needed asap

Supporters argued that incompliance with listing rules was of no great import and, as the FCA agreed, perhaps they were right. Hopefully, you did not fall for that and bailed, at 115p, on my warning last August. Shares in this Optiva-promoted dog’s breakfast are now 35p. It is not what is said today, but what isn’t.

1050 days ago

Dev Clever – what on earth is going on; where are the (piss-poor) results? Is the Fat Lady booked in for September?

The company headquartered on a grim Staffordshire estate - which claims to be a “global player” – is in all sorts of trouble. Its shares remain suspended, as the FCA refuses to sign off on a deal, announced on 12 April 2021. Meanwhile, where are the (undoubtedly piss poor) numbers for year to October 31 2021? To them, first.

1050 days ago

Verditek – statement needed ASAP: is it bust already?

Solar panel producer (if not seller), Verditek (VDTK), has eight days to release its annual results. Given revenues will be the square route of fuck all, there is no excuse for delay. But we all know the reason, and that is why the shares are sliding again today, as they did yesterday.

1054 days ago

Breaking: Class Action filed against Nasdaq dog Arqit, run by self-confessed liar, David Williams of Avanti infamy

Before calling his lawyer, the pompous and bombastic arse should remember how, in the early stages of Avanti Communications (AVN), he boasted of fabricating a product demo. Worse was to come, as Williams made tens of millions from dumping shares he ramped ruthlessly, while investors lost everything.  Now, he has a new scam: Arqit Quantum (US: ARQQ), listed on Nasdaq. We first covered Arqit, HERE. Its shares were $37.41 on December 3, 2021; now, they are just $5.65. Bring on the lawyers.

1054 days ago

Bluebird at 2.5p worth 9.58p! Just a few caveats guv

Just a few caveats. Align Research is paid to pump out the research below. Align and its boss, Richard “nobody likes me and I don’t care” Jennings own shed loads of shares in Bluebird Merchant Ventures (BMV), and the “analyst” is disgraced, journalist smearing, part time PR man, the vile and repellent Dr Michael Green. Dr Green should not be allowed to work in financial services after his crimes as an enabler of the fraud Sefton Resources (SER). Having said all of that, I too have an interest in these shares and reckon they are cheap. Are they worth 9.58p as the ludicrous Green suggests? Er no. But could they double? Yes. And the note below explains why.        

 

1056 days ago

MGC Pharmaceuticals – spoof trial results fool the morons, but surely it is placing ahoy?

The last quarterly report from MGC Pharmaceuticals (MXC) showed that, as of 31 March, it had cash of just A$ 4.004 million – having spunked just over A$ 3.9 million in that quarter. You can do the maths…

1056 days ago

Yet another apology to Mr David Lenigas, a National Treasure and our leading objective analyst of mining shares

If this website has ever suggested that Mr David Lenigas is a fat Aussie spiv or a shamless promoter of penny shares who is often economic with the truth I must apologise. Not in the least bit influenced by my own ownrship of oodles of shares in Wishbone Gold (WSBN), the tweet exchange below clearly shows that Sir David – as he will soon surely be – is easily the leading objective analyst of small cap mining stocks, not only in Britain but in the world today. What cutting insight hee shows once again. Breathtaking!

1058 days ago

Each morning, I am disappointed by Shield Therapeutics

On February 18, I generated industrial-scale abuse (of me) from anonymous internet warriors. All I did was suggest Shield Therapeutics (STX) as a slam-dunk short, at 25.5p.  The savants insisted, as is usually the case in such circumstances, that I didn’t understand the maths, and should go back to working in a pizza store, etc, etc, etc. The shares are now just 14.6p, and the final collapse is almost upon us. Add to your shorts. Let me explain.

1058 days ago

I warned explicitly about ProCook BEFORE its IPO Last November; now, a dire warning as shares collapse

The big institutions all barreled in to ProCook (PROC), since they knew better than Old Tom Winnifrith, despite his explicit warnings why this would end in tears. So, too, did Primary Bid, which was a keen supporter – as was our own Malcolm Stacey. What was he thinking?  But, just seven months after the IPO comes a disastrous profits warning, and the shares have collapsed.  While Malcolm drowns his sorrows with an extra pint of Old Mother’ Green’s organic ale, it is ouzo time at the Welsh Hovel. But do the founding O’Neill family, who flogged tens of millions worth of shares to dumb IIs, really care?

1065 days ago

EXPOSE: Argo Blockchain is taking you for idiots, as more shares handed to its mates

It is back to that Helios deal, which, as Boatman Capital revealed, saw Argo Blockchain (ARB) pay up to $17.5 million for $200,000-valued land. The owners of DPN LLC – bought to acquire the land – were former Argo stockholders. Small world, innit? Now, it gets far worse.

1068 days ago

The fraud Eden Pharma gets its promised listing but guess where? And you can't actually trade the shares!

In recent weeks the cannabis fraud Eden Pharma has been tapping up marks aggressivly promising an imminent stockmarket listing. Amazingly it has delivered. Well sort of. It is now the 51st company to list on the Merj Exchange in the Seychelles.  The admission document below is a hoot, dripping in red flags. And there is a catch..

1068 days ago

Tom Winnifrith Bearcast: Time to double up on the Shield Therapeutics final collapse, the money's almost all gone!

On 18 February, at 25.5p to sell, the big bear call was greeted with abuse from BB savants, who, unsurprisingly, always know better.  Shares in Shield (STX) are now 14.6p, and the final collapse to c. 5p is now set to begin. Double up on your shorts.  In this podcast, I discuss Argo Blockchain (ARB); Nostra Terra Oil & Gas (NTOG) and its unsavoury CEO, Matt Lofgran – praise be the Lord; then, I look at Genflow Biosciences (GENF), as its shares continue to tank; Challenger Energy (CHAL); Eurasia Mining (EUA); and Petropavlovsk (POG), where the target remains 0p.  Finally, I remind you that Rogue Bloggers for Woodlarks is just 4 days away, and we are at 34% of the target. If among the 92% of listeners yet to donate, do give a fiver (or a tenner), HERE.

1068 days ago

Argo Blockchain – is this an ePIC spoof?

Later today, I will cover Argo Blockchain’s (ARB) monthly update; it was truly piss-poor, and anyone holding the shares is tonto. But let us start with another red flag: today, the company boasts of doing a deal with the mining rig supplier, ePIC.

1070 days ago

Tom Winnifrith Bearcast: why aren't the shares suspended?

Recovering from several lectures on the evils of Brexit, I send you greetings from Frogland this Bank Holiday Thursday. In today’s podcast, I look again at the Tern (TERN) – Pires (PIRI) merger. I then discuss three slam-dunk zeros: Kinovo (KINO) – whose shares should be suspended with immediate effect – Versarien (VRS) and Nanosynth (NNN), where the new CEO, Mark Duffin, is a complete clown. If he does a deal in snails, as he suggests, I am a Dutchman. 

1074 days ago

Letter to the FCA Re Genflow – suspension needed now: what sort of pump and dump is it?

After yesterday’s bombshell, HERE, the FCA must suspend trading in Genflow (GENF) shares. My letter is below.

1074 days ago

Two questions for loathsome Neill Ricketts of Versarien, as his product loses certification

Versarien (VRS) shares have surged of late: last week, they lounged at 15p; yesterday, they reached 24p. This surge is all the more remarkable given the company’s May 12 warning: within a year, it could run out of money. My guess? The spike is driven by chatroom speculation and is, in effect, a concerted pre-placing ramp. In that vein, I have two questions for loathsome CEO, Neill Ricketts:

1082 days ago

Anglo Asian Mining – 2021 results, production boost ahead

Miner in Azerbaijan, Anglo Asian Mining (AAZ) states that it “is pleased to announce its final audited results for the year ended 31 December 2021”. However, the shares are down to 85p to buy in response.

1082 days ago

Argo’s Peter Wall exercises options and acts like a dick, insulting our intelligence

A smattering of not that materially large share purchases by Argo Blockchain (ARB) PDMRs was announced today, together with news that big cheese Peter Wall  has exercised options over 430,000 Ordinary Shares. The statement that follows, again, shows what a dick he is and why he is playing us all as fools.

1084 days ago

Tom Winnifrith Bearcast - 2 great pretences

They are that auditors suffer any personal loss if the FRC sanctions them and that death spiral providers go long of shares. In the podcast I discuss Asimilar (ASLR), Dev Clever (DEV), Simec Atlantic (SAE), Powerhouse Energy (PHE), Amigo (AMGO) and Vast Resources (VAST). It goes without saying but I say so anyway: If you are among the 95% PLEASE COUGH UP NOW HERE

1084 days ago

Amigo shares back and spiked: still a monster short

At 4.05 PM yesterday Amigo (AMGO) announced that the High Court had approved its reconstruction and revised new business scheme. With the FCA having withdrawn its opposition to the scheme, following revisions, that was no shock at all. And seeing the shares fly to 9p at the open was also no great shock given the utterly insane ramping by Bulletin Board Morons and others of this Parish who should know better. But the shares are now back at 7.5p and are a fabulous short.

1084 days ago

Told y’all: Vast Resources, no bear squeeze, but a new spoof

The rogues who run Vast Resources (VAST) insisted in a  string of RNS statements that it would not allow death spiral Atlas to convert a final $800,000 of loan notes into shares which it had already forward sold. The Bulletin Board morons made the schoolboy error of believing a word that Vast said and insisted there was a bear squeeze. Guess what?

1084 days ago

Eight Capital Partners insane news- read across is that the end game approaches for the fraud Supply@ME Capital

Follow the money…this is all about how Alessandro Zamboni, the CEO of the fraud Supply ME Capital (SYME) has dumped all, or nearly all, his shares in the fraud while pretending that he has not. But the net is closing in on the scam as today’s announcement from Aquis listed Eight Capital Partners (ECP) run by ex Supply chairman Dominic White makes clear.

1084 days ago

SHOCKER FROM THE AIM SEWER: Ince, the timing of today’s profits warning appears almost fraudulent

If I was a shareholder in corporate advisor Arden (ARDN) and had, in late April, swapped my stock for shares in legal and accounting firm Ince Group (INCE) I would be calling my lawyer right now as Ince has only just served up a profits warning for the year ended 31 March 2022.

1085 days ago

AltynGold – Q1 update, shares up but subsequent detail to spark them further?

Gold miner in Kazakhstan, AltynGold (ALTN) states that it “is pleased to announce its 1Q22 production update” and the shares have moved up to 130p, so what’s the latest?

1086 days ago

Fevertree – why today’s trading update is good for the bears, even though there is no warning. Yet. Stay short!

Fevertree (FEVR) has issued a trading update, which seems to read well, but the shares are down and will fall further.  Let me explain.

1086 days ago

Congratulations to Vast Resources - a hat trick of spoofs since May 3!

First, there was Atlas’ pledge not to dump any more shares – which it immediately did. Then came the idea it had cleared its death spiral debt, with the buried-deep-in-the-release admission that it had taken out another. Spoof two! Today, Vast Resources (VAST) becomes a hat-trick hero in the AIM sewer hall of infamy.

1086 days ago

Jubilee Metals – expansion delivery, financial delivery to follow...

Jubilee Metals (JLP) has announced a performance update of its new and expanded fully integrated South African Inyoni PGM and chrome operations and its Zambian southern copper strategy. So what’s the situation, with the shares having responded up to 15.4p?

1086 days ago

Eurasia – suspension lifted, an insane twist but what did the Nomad REALLY say to the moron?

On Monday 16 May at 7.40 AM, shares in AIM listed Bulletin board darling Eurasia Mining (EUA) were temporarily suspended at just under 8p “pending an announcement.” At 6.18PM on Tuesday 17^th  (today) came that announcement. Eurasia “confirms it has no material new developments to notify” and so trading will resume on Wednesday 18^th. So the shares were suspended for two days for an announcement that nothing had changed. That is insane. It gets more insane.

1086 days ago

Catenae Innovation: only a partial ‘fess up: the future looks bleak

Naughty, naughty Nomad Liam Murray of Cairn Financial for signing off on today’s release from AIM perma-dog Catenae (CTEA) for it is only a partial ‘fess up. With the shares already suspended for failing to gt accounts out for the yar to September 30 2021, things look truly grim.

1086 days ago

Eurasia Mining suspended - here is a new theory as to why

Yesterday at 7.40 AM, an RNS appeared saying that trading in shares in Eurasia Mining (EUA) had been “temporarily suspended pending an announcement.”  24 hours later we still have no news. Good news travels fast, etc, etc.  I considered possible reasons for the suspension HERE but, there is another possibility.

1089 days ago

David Lenigas - yet another apology

I may have, in the past, suggested that Mr David Lenigas was a shameless spiv who promoted worthless penny shares via either dramatic exaggeration or, as in the case of UK Oil & Gas (UKOG) even worse. I may have suggested that Big Dave talks out of his posterior and should be whipped out of town and sent back to his native Australia where the core DNA will make him feel right at home. If so, I apologise.

1089 days ago

Tom Winnifrith Bearcast: is it game over for Petropavlovsk?

In today’s podcast, I cover Eurasia Mining (EUA), Made.com (MADE), Vast Resources (VAST) and Petropavlovsk (POG). I have more shocking news on Kinovo (KINO), whose shares should be suspended, and discuss FinnCrap (FCAP). I promise never to mention the company again if its CEO, smug Sam Smith, donates £100,000 to rogue bloggers for Woodlarks. Of course, she won’t. So I must ask the 95% of Bearcast listeners yet to chip in: please make your donation, HERE  We are now at 20% of target – go on, make it 21% by tomorrow!

1089 days ago

Eurasia Mining shares suspended - place your bets on why!

At 7.40 AM, an RNS appeared, announcing that trading in Eurasia Mining (EUA) shares had been “temporarily suspended pending an announcement.” It is now 1 PM, and there has been no announcement. So, what is going on? It could be good news for the shareholders, though I suspect it may not be. But who knows?

1089 days ago

SHOCKING: Made.com – another disastrous 2021 IPO unravels – is anybody on the board not resigning?

It is only ten and a half months since online furniture seller Made.com (MADE) listed on the Main Market, raising £100million by issuing new shares at 200p while existing shareholders lobbed out a cheeky £90 million of stock onto gullible institutions. Today, after a dismal profits warning, the shares are just 56p to sell. Meanwhile another rat has left the sinking ship as it burns through its ill gotten IPO gains ever more rapidly.

1089 days ago

UPDATED: Vast Resources repays 1 death spiral but buries news that it is taking out another death spiral – another spoof! And then Atlas weighs in - pure comedy

Vast Resources (VAST) is blessed with having the dumbest investors going.  They fell for the last spoof RNS which, in a just world, would see the issuers banned from the markets, and bid the (worthless) shares up to 2.4p. Today there is a new monster spoof and the shares are 56% up to 1.3p offering the bears another chance for a slam dunk free short.  The company says it has refinanced its Atlas death spiral leading the “marks” to assume that there is no more death spiral overhang. But buried at the bottom of the release is ????

1091 days ago

Tom Winnifrith Bearcast: Elon Musk, you are not a Messiah but a very naughty boy - Twitter bid on hold

In today’s podcast, I discuss Elon Musk and Twitter; Vast Resources (VAST) & associated scumbags; Optibiotix (OPTI); Condor Gold (CNR) and why comrade Jim Mellon must pay up soon; and the complete and utter Irish jackanory spouted by Hydrogen Utopia (HUI) and Powerhouse Resources (PHE): those holding shares in either company are certifiable.  We are now just £68 away from £10,000 in the Rogue Bloggers for Woodlarks (plus gift aid) fundraise. On Sunday, I really will do a 20-mile training walk. If you are amongst the 96% of listeners yet to donate, please do so today, HERE.

1091 days ago

GOTCHA! Versarien 12 month interims – admits to funding black hole!

As its old auditor walked, and the new one needed more time, today’s results for the 12 months to March are unaudited interims – the prelims will be for the 18 months to 30 September. But one cannot dodge the numbers: even Neill Ricketts is forced to ‘fess that Versarien (VRS) may soon run out of other folks’ cash. Anyone holding the shares is, thus, certifiably insane.

1092 days ago

Letter to the FCA & FRC- time to suspend shares in Supply, it is insolvent

In just two weeks, the new death spiral provider, Venus, has dumped 3.32 billion shares on Bulletin Board Morons. If it is allowed to, it will likely dump another 15-20 billion. But the fraud, Supply@ME Capital (SYME), is insolvent even with the Venus cash, as I noted earlier.  I have asked the FCA to step in and save private investors from being mugged.

1092 days ago

Ouzo for the perma bears – Mirriad shares tank on dire numbers and piss poor excuses

I warned comrade Malcolm Stacey and you all that his March 7 enthusiasm for advertising group Mirriad (MIRI) was misplaced and dire results with a piss poor set of excuses vindicate this perma bear once again. Crack out the ouzo.  At 21p, down 14% so far today, the market cap is £59 million making this still a stonking short.

1092 days ago

The insolvent fraud Supply@Me Capital – where is the TR1 from death spiral merchant Venus Capital?

On 27 April, the fraud Supply@ME Capital (SYME) announced that it had issued 2,770,000,000 shares to death spiral provider Venus and on 10 May it announced that it had issued a further 550,000,000 shares to Venus following which its issued share capital is now 40,789,339,950.  If Venus was, as some, of the Bulletin Board Morons are suggesting building a stake then it would now have a stake of 8.1 %.

1092 days ago

Kinovo - letter to AIM Regulation, suspension & enquiry into Canaccord needed now

After my weekend revelations, following on from Friday’s bombshell admission of rank dishonesty, I had expected Kinovo (KINO) shares to be suspended by now. For those weekend reports suggest that, very soon, the company will be reliant on its banks for survival. I have written to the Oxymorons at AIM Regulation about what is a major scandal of non-disclosure.

1099 days ago

Chill Brands – now an open offer at 2p, good money after bad

he comedy shit show from the liars and fraudsters at Chill Brands (CHLL) continues. Well, I guess that it is not so funny if you paid 110p last year to see new shares offered at 2p but then folks cannot say that they were not warned by my good self well over 200 times! In today’s instalment of beer and popcorn we discover…

1101 days ago

UPDATED McColls shares suspended having gained 53% - just how crazy is that as administrators appointed?

At 12.25 PM today embattled retailer McColls (MCLS) asked for trading in its shares to be suspended after they had gained 52%on the session to 1.75p. Trades were really going through at close to that price as “savvy” retail, investors BOTFD. Crazy.  Minutes later McColls announced it was going into administration. Only yesterday the company warned about press speculation, noting:

1101 days ago

BREAKING: Kinovo – how is this anything other than outright deception as a Birthday Present to me

Surely, AIM Regulation must publicly censure Kinovo (KINO), and possibly its Nomad and broker, Canaccord Genuity. One – or both – of them has grotesquely misled investors to the tune of £8 million and rising, only fessing up to the scale of that deception today, which has sent the shares tumbling.

1101 days ago

DS Smith – “pre-close statement” and enters new financial year with confidence

Packaging company DS Smith (SMDS) has announced year ending 30^th April “trading in line with management expectations… enter the next financial year with confidence”, helping the shares up to 325.6p.

1102 days ago

The Shield Therapeutics short – how’s the cash crisis going, fellas – what are your auditors saying?

When I suggested Shield Therapeutics (STX) was a nailed-down short, on the basis that it would face a cash crisis by May, my analysis was met with derision by Bulletin Board Morons. “He does not understand biotech, he does not understand Shield, he’s a failed fund manager, he is ALWAYS wrong, he works in a pizza store, he’s fleeing the UK to Greece to avoid jail”, were some of the more polite comments. It is now May, and the shares are just 17p to sell. So, what next?

1102 days ago

Arron Banks – not just a Brexit bad boy but a spiv

Yesterday I flagged up that Arron Banks, the self styled Brexit bad boy – was tweeting about Iofina (IOF) where he had a disclosable stake.  Bankski teased “ I’ve Got plans for Iofina.” The shares ticked higher. Today a TR1.

1102 days ago

Brexit Bad Boy Arron Banks is such an Iofina tease

Having previously attempted regime change at Iofina (IOF), the self style Brexit bad boy Arron Banks cannot be considered a passive shareholder. And hence this tweet from him yesterday has seen Iofina shares nudge higher. Arron you are such a tease. But doesn’t flagging up that you are up to something make you a bit of an AIM bad boy?

1102 days ago

Argo Blockchain takes on junk bond debt but at least it is not dilutive. But it could be!

Of course CEO Peter Wall (who dumped shares at 243p a year ago AFTER starting sounding out folks about a 200p per share placing) insists that this debt is not dilutive. Really?

1102 days ago

SHOCKING EXPOSE: Anthony Joshua backed Love Hemp admits it lied about fund raise but lies again as advisor quits and shares suspended

First thing yesterday morning shares in Love Hemp (LIFE) the pot play backed by boxer Anthony Joshua saw its shares suspended. At 4.35 PM it fessed to the grisly truth: it had lied about a fund raise announced on 8 February. But then it carried on lying. No wonder, adviser Peterhouse has resigned.

1102 days ago

McColls: it never rains but it pours

I just cannot understand how anyone still owns shares in retailer McColls (MCLS) as it is, as I have been warning since November, doomed.  The shares are down by 94%, since that prescient warning, at just 0.848p. Now, with more bad news today, the shares have only 0.848p to go to reach target.

1102 days ago

Vp plc – majority shareholder sparks formal sale process, still time to Buy

Shares in equipment rental company Vp plc (VP.) closed at 820p before the latest news. However, they are now up to 940p on news that it is now considered “appropriate to investigate the sale of the company and is therefore launching a formal sale process”. So what now?

1103 days ago

The Fraud Supply@ Me Capital – the epic scale of coming dilution exposed

Before the RNS announcement on 27 April, Supply@ME Capital (SYME) already had 37.4 billion shares in issue.  This note sets outs out just how many shares could be issuable under this new death spiral arrangement assuming that the optional tranches get issued at the 0.05 pence per shares (whereas under the VWAP formulae the issue price could be even lower and thus even more dilutive.

1103 days ago

Supply@Me Capital – was Mercator the big buyer of worthless shares on Friday?

The question being asked on the LSE Asylum and Twitter was who was the big buyer of Supply@ME Capital’s (SYME) worthless shares at close of business on Friday.  On 22 April around 16.50 pm there were according to LSE Asylum’s share trade indicator three 90 million buys at £71,410 each and a monster 285 million buy for £228,000 at 16.35 million.  In total these buys amounting to over £440,000   

1103 days ago

Tom Winnifrith Bonus Bearcast: An industry insider spills the beans on the new shocking Supply@ME Capital death spiral

This morning, I had a long chat with an industry insider, concerning the latest death spiral from the fraud, Supply@ME Capital (SYME); what I relay to you is truly shocking. Anyone holding these shares is bonkers.

 

1104 days ago

Octagonal – fined $1 million by SEC, more evidence of the mendacity and dishonesty of John Gunn and the utter incompetence of Nilesh Jagatia

I have not written on Octagonal (OCT) for some time, as, on 21 January 2021, it delisted from AIM, following the self-imposed suspension of shares on 24 December 2020.  In an RNS of the same day, Octagonal’s statement explained that the suspension was requested due to a complaint from the SEC:

1104 days ago

BREAKING: Vast Resources – trading while insolvent: source: AIM must suspend shares now!

Death spiral provider, Atlas, is selling shares as fast as it can, in the hope of reducing its $5.05 million exposure to AIM Listed Vast Resources (VAST). It knows Vast is teetering on the brink, but a source close to the company explains why it is already trading whilst insolvent. He says:

1106 days ago

Supply@Me Capital – the fraud serves up an Orwellian “Capital Enhancement Plan” & its shares crash!

You read about a new “Capital Enhancement Plan”, and it sounds like good news. But no. This is Orwell speak, and it is, in fact, a series of disastrous announcements from the fraud, Supply@ME Capital (SYME). Even Helen Keller and Ray Charles can see the writing on this wall – although, natch, some posters on the LSE Asylum still know better.

1106 days ago

Bidstack Finals – look at the notes you fecking morons!!!! Explicit warning of cash crisis!!!

The media company beloved by cross-dressing IT consultants, Bidstack (BIDS), has published its predictably dismal results for calendar 2021, as well as a massively upbeat commentary from CEO, Lyin’ James Draper. That has seen the shares marked up by 10%, to 3.65p, with a market cap of £35 million. As ever, folks do not read the small print of the notes. Read the fecking notes, morons!

1110 days ago

Vast Resources not on a Swiss Roll – more bad news

The most flea ridden dog on AIM, Vast Resources (VAST), has served up yet more bad news. Just a year after consolidating its shares on a 100 for 1 basis the shares are just 0.38p to sell, more than 95% down on the year.  With today’s disaster, another 100 for 1 consolidation beckons. Let me explain.

1110 days ago

Perhaps Vela’s new PR man, “Greenie” might want to explain his boss’s CV omission

Sub scale technology investment waste of space company Vela (VELA) has today announced that it has hired a new PR and IR firm Novum to ramp its shares. Novum, aka my old pal Alan Green, I have a question for you about the gap in the website CV of your boss Brent Fitzpatrick, the one linking him to a convicted fraudster and jailbird.

1112 days ago

McColls – bullshit earnings warning, suspension warning & explicit warning that its shares are worthless

On November 17, I told you to short McColls (MCLS) at 14.5p, warning that, just months after a big placing, it was going to run out of money. Of course, everyone else knew better than old Tom. Today, the shares are 3.94p, and now, it is the company warning you the shares are heading for zero.

1112 days ago

Tom Winnifrith Bearcast: Netflix and also why Malcolm Stacey is wrong, wrong, wrong!

I record looking up at the mountains behind the Greek Hovel. Why on earth are we heading back to Wales? I shall miss this place badly. Then, onto Netflix. Finally, I explain why Malcolm is wrong on shares generally, but also on Gear4Music (GFM), where the only unknown is the scale of the share price collapse, a process far from complete.

1112 days ago

Nanosynth – pure bullshit RNS, shares 85% overvalued

Whether as Strat Aero (AERO), Remote Monitored Systems (RMS) or Nanosynth (NNN), there are a few common threads. For starters, they have repeatedly lied to investors. Then there is the fact that every business bought fails to make any cash.

1113 days ago

Flowtech Fluidpower – a buy for further recovery?

Shares in Flowtech Fluidpower (FLO) remain below levels of earlier this year despite recent results showing encouraging recovery and noting an encouraging start to this year, with there looking to be scope for further recovery in profitability and for the share price.

1117 days ago

David Williams of Avanti infamy strikes again with alleged revenue overstatement & far worse - WSJ has the scoop

You can never keep a good man down. And, as for an absolute rotter like David Williams – who pumped satellite firm, Avanti Communications (AVN), before selling millions of pounds worth of shares, paid himself regular seven-figure stipends and then ran the company into the ground – it seems as if lightning will strike twice.  We defied the notoriously litigious bombastic prick, and highlighted numerous Avanti concerns on this website, as you can see HERE.

1120 days ago

So what if mug punters are piling into Russian miner Polymetal?

Apparently, the most popular share amongst retail investors is Polymetal (POLY). Although shares have plunged by 80% since the invasion, it seems Joe Public cannot buy enough of them.

1120 days ago

Anglo Asian Mining – Q1 update, additional production on the way - BUY

Anglo Asian Mining (AAZ) has announced it “is pleased to provide a production, sales and operations review for its Gedabek contract area in western Azerbaijan, for the three months to 31 March 2022”. So, what of the shares responding slightly higher to 95p?

1120 days ago

Tom Winnifrith Bearcast - all about THG

I have been bearish on this for a while, unable to understand the valuation from the IPO. Shares in THG, The Hut Group as was, now trade at a new low of 95p. There are a couple of matters to discuss ahead of numbers on Thursday, notably a management departure and suggestions of late payments to suppliers. Is this window dressing as per Canadian Overseas Petroleum (COPL) and its December 31 cash number, or something worse?

1123 days ago

Shearwater – major contract win for a winning share tip: set for earnings upgrades?

Cybersecurity group Shearwater (SWG) has announced a “new contract win to the potential value of up to c.£21.0m with a leading telecommunications and media company”, helping its shares more than 25% higher to 138p in response.

1123 days ago

BREAKING: AAA shares changing hands at just 25p via spreadbetters is the Asimilar house of cards about to collapse?

Whiffy investment company, Asimilar (ASLR), has engaged in numerous Spanish practices, exposed on this website. Anyone owning its shares will, one day, need to lube up and take what is coming to them – it is just a matter of when. Could that time be dawning; could the house of cards be about to collapse?

1123 days ago

Tom Winnifrith Bearcast: Why regulators should be all over Canadian Overseas Petroleum & Vast Resources - 2 placings that stink

I start with Deliveroo (ROO), whose IPO was at 390p – a year later, the shares are at 106p. What went wrong, I ask, and what now for the shares? Then to two placings: Vast Resources (VAST) announced its placing on Monday; I discussed the one Canadian (COPL) has been working on since last Thursday, last night. It seems to be struggling, but I expect it will be announced by the company tomorrow. Both placings stink, and decent regulators would be all over them. I explain why.

1126 days ago

BlueJay Mining – 18 days is a long time innit?

On 24 March 2022 BlueJay Mining (JAY) announced its plans to drill at the Disko-Nuussuaq project in Greenland and this was the excitement needed to get investors to stump up $7 million for a placing at 7p.  How distant are those days when disgraced Nomad and broker SP Angel set a40p+ target and was dumping its own shares at well north of 10p. I digress, wind forward 18 days to today.

1126 days ago

Video: Corporal Jones goes into bat for David Beckham's struggling cannabis play Cellular Goods

Over the weekend I flagged up the regulatory crisis affecting the UK CBD industry. Notably Cellular Goods (CBX) ,the CBD company in which Mr Posh Spice was allowed to buy cheap pre IPO shares which, fourteen months after IPO has already lost its CEO and is now rapidly running out of cash. Today, Corporal Jones went into bat for Cellular. As ever it is unconvincing.

1126 days ago

Manolete – in just 5 months a volte face with recovery postponed again

For numerous reasons we flagged up when shares in Manolete Partners (MANO), the pound shop equivalent of Burford, traded at 515p, anyone owning this stock is bonkers. A profits warning today is another reason. It is not just the warning but the fact that it is a direct contradiction of what investors were told just five months ago.  Back on November 11 2021…

1126 days ago

BREAKING: 14 Questions Oxford Cannabinoid refused to answer at its EGM

Last week’s EGM was a predictable farce. Imperial Brands (IMB) does not seem to care about its investment; thus, it fails to quiz the management of a company whose shares have slumped from 5p at IPO, to 1.3p in just ten months. Here are some of the questions asked, which raise very serious questions about the underlying science, the shock resignation of Oxford Cannabinoid’s (OCTP) broker and the cash crisis looming later this year. Natch, Oxford declined to answer any of them:

1131 days ago

In less than three months: 1.57p, 1.24p, 0.86p, 0.77p and now just 0.59p – the Atlas death spiral pushes Vast Resources shares ever closer & ever faster to 0p

By the end of April worthless, deceitful and pointless AIM sewer listed Vast Resources (VAST) has promised to refinance its Atlas death spiral with a bunch of Swiss gents. But with $5.5 million outstanding on the loan and the market cap, at 0.625p, down to £2.3 million and with cash guzzling Vast having no cash at all so facing a high bankruptcy risk maybe the Swiss are getting cold feet. Hence…

1132 days ago

Tom Winnifrith Bearcast: The IPO greed of 2021, just how much of a dog is Moonpig - look at the actual cash it generates!

I start with a personal reflection as it is my late dad’s birthday. Then onto the wider scandal highlighted by my expose earlier of Canadian Overseas Petroleum (COPL) HERE.  I then discuss Avacta  (AVCT) and Supply@ME Capital (SYME) and  how long one can defy gravity before concluding with a very detailed look at the hard numbers behind Moonpig (MOON) where, I suggest, shares will be heading much lower.

1133 days ago

Justin the Clown no longer a director at Vox Markets – you alright, hun?

The last two filings at ailing Vox Markets, the company paid by others to ramp their shares, make for interesting reading. Before Christmas, we saw revised accounts for the year to August 31 2020, showing negative net tangible assets of c. £450,000 and negative net current assets of £581,000, up by nearly 50% on the year.  So, having corrected all the errors in its first filed accounts, Vox looked bust. I can’t wait for the 2021 accounts.  It gets worse.

1133 days ago

Tom Winnifrith Bearcast - Retirement postponed part 2 as the mother-in-law moves in

Not only are Optibiotix (OPTI) shares not flying (yet) but part two of my retirement plan has also been scuppered as I explain, by the imminent arrival of my in-laws to live in our annexe. I am busy preparing for that and also sorting out the garden ahead of a Greek trip, hence a late bearcast. In that, I discuss whether foolks really are paid to post rubbish on Bulletin Boards, why some companies set up a new holding company and at Carnival (CCL) and elsewhere why an obsession with E &S lets poor G ( shocking greed) take place.

1133 days ago

Spot the April Fool - musicMagpie

Yesterday shares in musicMagpie (MMAG) crashed another 19% to a new low of 42.5p and the end game is very obviously zero as our extensive coverage shows. Inlight of that, can you spot what must be an April Fool below?

1134 days ago

OptiBiotix Health – following recent developments, how does the valuation stack up?

Shares in OptiBiotix Health (OPTI) have now gone ‘ex’ the dividend in specie of shares in its ProBiotix Health business which is set to be spun-off onto the AQSE Growth Market with an associated fund raise at the end of this month. Additionally, SkinBioTherapeutics (SBTX), in which it has a 20.73% stake, has just announced half-year results which the market did not like, so how does the valuation stack up now?

1134 days ago

Oracle Power’s Sheikh on the Make comes in handy again – yet another spoof & bailout placing

It is now two years since His Highness, Sheikh Ahmed Dalmook Al Maktoum, clambered aboard the jam-tomorrow joke that is Oracle Power (ORCP). News of the Sheikh’s involvement saw its shares surge to 1.25p. Last December, he exercised 200 million warrants, meaning he now owns 500 million shares, for which he paid 0.25p each. But Oracle’s share price has flagged a bit of late, as investors have grown mightily tired of its jam-tomorrow coal and gold projects.

1134 days ago

musicMagpie – shares off another 15% and now just 40p to sell – time for a statement?

It is three weeks until the one-year anniversary of musicMagpie’s (MMAG) IPO at 193p – c/o Peel Hunt – when founder shareholders trousered £93 million dumping stock on institutions. Today, the shares are crashing again, off 15% at just 40p to sell. The spread (10p) tells you something is very wrong. So, what is afoot?

1134 days ago

Toople: cash generation does NOT mean it isn’t burning cash!

Let us be clear: Toople (TOOP) chairman, Richard Horsman, has not lied in today’s AGM statement. It is just that his dim-witted shareholder base has misunderstood him, thus sending the shares spiking unjustifiably. Let me explain.

1134 days ago

SkinBioTherapeutics – interim numbers & warning of slight delay largely irrelevant, the clear potential remains - Buy

SkinBioTherapeutics (SBTX) has announced results for its half-year ended 31^st December 2021 which show revenue of just £21,949, cash £1.5 million lower to £3.2 million and include a warning that full-year forecasts will be materially missed – and the shares have responded down to 35p. But here’s why we retain significant confidence and see this as a buying opportunity. From here this could be a 10 bagger.

1139 days ago

400% upside in Optibiotix shares - new Cenkos note

Cenkos is house broker to Optibiotix (OPTI) so it is biased. I own shed loads of shares so am biased. The forecasts in the note out today include sod all for the three major deals announced at Christmas. So they will be increased.  Read into this what you want. My pension will be buying more shares at around the current level if it can.

1139 days ago

Parsley Box open offer flops – when will it be going bust?

With the shares at 20p to sell (90% down on the IPO of less than a year ago) it is no shock that long suffering shareholders in Parsley Box (MEAL) were not gagging to take up an open offer at 20p. Having hoped to raise £1.1 million it managed just £140,000. Oops. So when will Parsley Box go bust?

1139 days ago

Toople - CEO lies about dilutive death spiral loan

Toople (TOOP) the sub-standard listed company today issued an RNS about “debt financing”. And in that RNS the CEO lies. Never buy shares in companies where the CEO is shown to have told one lie as there are bound to be others you are unaware of.

1140 days ago

Letter to FCA & AIM Regulation re social media promoters paid in shares, ramping, pumping & dumping

I have, today, written to both the FCA and the oxymorons at AIM Regulation, on, what seems to me, sure-fire market abuse. The original letter names two AIM Companies and one “social media influencer” (I have redacted the names below). But I understand that the problem is not confined to these two companies and one “social media influencer”, and I am urging the authorities to work together on tackling what seems a growing issue.

1144 days ago

You'd almost think Peel Hunt was up to no good - musicMagpie share price

musicMagpie (MMAG) clearly needs a bailout placing to survive. There is only selling ( apart from spoof boardroom trades) so the shares should be heading lower. But one market maker is holding the price up.  Others clearly would not touch this with a bargepole given what we have exposed here this week.  So which market maker is holding the price up?  Hint….

1144 days ago

Vast Resources: Atlas dumps again as cash crisis becomes critical – fat Lady now gargling for May Day performance!

Just 4 days after death spiral provider Atlas converted $150,000 of debt into Vast Resources (VAST) shares at 0.86p having forward sold, it has announced the conversion of another $150,000 this time at 0.77p. In February the conversion was at 1.24p. Do you see a trend? My guess is that those shares have already been forward sold and that Atlas will now be working on dumping even more stock ahead of the next conversion. Why the panic? Two reasons:

1145 days ago

Petropavlovsk could be toast by tea-time, it is utterly screwed by sanctions: Told y'all!

On March 4 I asked if Petropavlovsk (POG) shares could be a zero citing its banking relationship with Gazprombank as one of two reasons why it might be. On March 9, the company pooh poohed the suggestion with an RNS which, with hindsight, in light of news today, was manifestly dishonest.

1145 days ago

What does ActiveOps have in common with the dogs musicMagpie and Parsley Box?

Young Steve has already written up today’s disastrous lack of profits warning from ActiveOps (AOM) but he misses out a key point with the shares now 97.5p. The fine firm responsible for this listing as Nomad and Broker was Investec. I wonder how much it earned.

1145 days ago

Alpha Growth: grossly overvalued and heading for an accounting crisis & share suspension

At some stage the FCA is going to wake up to this scandal and shares in this crock will be suspended. Here’s why. In today’s RNS Alpha (ALGW) the sub scale longevity specialist listed on the Standard List announced an Acquisition which included the following information.

1145 days ago

Musicmagpie - the corruption of the deadwood press, just lying to its readers!

It is almost as if reporter Jon Robinson from Business Live was taking dictation from PR fluffies Powerscourt as he reported on boardroom share buying at musicMagpie (MMAG) here.  Claiming the bosses were “doubling down” by buying £300,000 of shares at 52.5p is “doubling down” when, as I pointed out HERE, the same bosses had sold £15.7 million worth of shares at the IPO less than a year ago is just 100% misleading. It gets worse…

1146 days ago

BREAKING: Music Magpie a zero explained: Part 1 the IPO Monster Lie

Amazingly Music Magpie (MMAG) is one of the three most recognised names in e-tail but that is all in the past. Since its IPO at 193p in April of last year it has all been downhill and at 62.5p the shares now have just another 62.5p to lose. This is a zero in waiting and in a multi-part series starting today I shall explain why…

1147 days ago

Spoof announcement from the Supply@ME Fraud – it is all about getting morons to buy death spiral stock

Heck: today’s news is an RNS Reach, that is to say financially insignificant. But when your entire shareholder base makes a garden worm look like the late Bamber Gascoigne in the intelligence department ,that matters little, Supply@ME Capital (SYME) shares are up by 6% on the news.

1147 days ago

Updated: Tern – spooooooooooooooooooooooooooof – doing maths the Belfast way

As explained HERE, sub scale investor in crap companies Tern (TERN) needs to get a placing away by April Fool’s day or it is in deep merde.  Hence a desperate attempt to ramp the shares ahead of a visit to the bucket shops for the discounted bailout. Even Tern could not bring itself to make today’s release an RNS. It is an RNS Reach meaning that it is financially immaterial. You will be amazed just how immaterial it is. As such this is a major red flag that a discounted placing is imminent so if you are buying shares in the market today you better lube up.

1158 days ago

Journalist trolling arse Gerry Brandon fools the morons (again) – production orders are not revenues &certainly not cash!

As Deepverge (DVRG) burns cash and prepares for this year’s bailout placing, the journalist trolling arse of a CEO Gerry Brandon is playing his usual game of spoofing the morons who comprise his shareholder list and ramping the shares with announcements that are designed to mislead a group of investors with a collective IQ of less than that of a cheese sandwich. Last year Gerry the arse broke AIM Rule 11 with the pre-placing ramp, this year it is more nuanced spoof.

1158 days ago

Supply@Me Capital Bulletin Board Morons apply Leni maths = mega shorting opportunity

Supply@ME Capital (SYME) shares are up by more than 50% at time of writing this article at 0.1025p with the rumour mill implying huge revenues were just around the corner at Tradeflow Capital.  The announcement that Tradeflow had cumulatively financed over $1 billion of commodity trade up from $750 million the previous quarter was what seems to have promoted the buying frenzy.

1158 days ago

FinnCap - a very odd trading statement and is it sexist to talk about the share price since IPO

Nomad and broker Finncap (FCAP) led by smug Sam Smith the City’s fave female entrepreneur, so we cannot say anything bad about her company, floated on the AIM Sewer on December 5 2018 at 28p per share. Today, after a ramptastic, but odd, trading statement, the shares are …. 28p to sell, 29p to buy if you are nutso.

1160 days ago

Letter to Sam Smith of FinnCrap re Parlsey Box

Sam runs Finncap (FCAP) which earned vast fees floating Parsley Box (MEAL) at 200p last March. The shares are now 17.5p. As a belated celebration of International Women’s Day I have dropped Sam a note.

1160 days ago

Petropavlovsk - morally bankrupt, shareholders should feel dirty

Petropavlovsk (POG) has today issued a statement “Events in Ukraine.” After this I would feel dirty owning its shares, it shows a company that is morally bankrupt.

1160 days ago

Amigo shares surge 98% on FCA news but this is insanity on steroids

The FCA has today indicated that it will not object to the proposed recapitalization and customer redress package proposed by loan shark Amigo (AMGO) but there are a few horrid caveats and a near doubling of the share price to 6p is quite literally insane making this a slam dunk short. Here’s why.

1161 days ago

Tom Winnifrith Bearcast: The rank Nigel Farage hypocrisy, Hitchens, Syed, Nimmo and the great Chris Bailey

I take a tour through four weekend press articles starting with that greedy scumbag Nigel Farage – I refer in the podcast to THIS PIECE. Then to two great pieces on Ukraine and on the decadent West by Peter Hitchens and Matthew Syed respectvely before discussing the Sunday Times article on CBD and pot stocks. Finally I discuss Chris Bailey’s excellent piece on this website and my own approach to shares I own, mentioning Skinbiotherapeutics (SBTX) and some news breaking in the USA.

1161 days ago

Tom Winnifrith Bearcast: Saying the unsayable about Ukranian hookers

I start with a look at wider stockmarket sell offs in the UK, US and especially Germany and what we – who will all be down – should be doing about it. I warn that if you go full bear you could be burned when most shares spike or rebound as will happen at some point. I comment specifically on the frauds Chill Brands (CHLL) and Supply@ME Capital (SYME) and on Ukranian hookers and fake news and also on Ten Lifestyle (TENG). And I discuss pen Orphan (ORPH) vs Braveheart (BRH), the saintly Cathal Friel vs the spiv chancer Trevor Brown. It is all to do with returning capital or not.

1164 days ago

musicMagpie – another 2021 example of IPO greed and institutional stupidity...and the pain is only just starting

Last April 15 musicMagpie (MMAG) joined the AIM sewer at 193p. Today, after publishing its first annual results, a tale of disguised cashburn and a deteriorating outlook the shares trade at just 112p.This is another example of the greed and stupidity of the 2021 IPO bull market. This time it is Peel Hunt which should hang its head in shame.

1164 days ago

Tom Winnifrith Bearcast: Happy St David's Day, spread betters pull plug on Eurasia bubble, Avacta can still lose another 50% and more good news

Happy St David’s Day and happy pancake day. I start with the spread betters and Russian stocks notably Petropavlovsk (POG), Eurasia (EUA) and Polymetal (POLY). Then I look in detail at MGC Pharmaceiticals (MXC), how it legged over investors in November and is a massive short even now before turning to Vast Resources (VAST), Advanced Oncotherapy (AVO), Cellular Goods (CBX),Novacyt (NCYT) and Avacta (AVCT) my big sector short which has seen its shares collapse to 46p but could easily halve again within weeks.

1164 days ago

Tom Winnifrith Bearcast: Sitting on the fence with Lucian Miers

I start with Ukraine, Russia and all that macro shite and say a few things which challenge the Western narrative and which some of you may disagree with violently. I cover Ferrexpo (FXPO), Amur (AMC) and Eurasia (EUA) in this section. I mention Cineworld (CINE) and then discuss today’s news from Optibiotix (OPTI) and, en passant, Skinbiotherapeutics (SBTX) where I am buying more shares this afternoon. 

1165 days ago

The Supply@ME FRAUD: As another 489m death spiral shares hit the market the mega dilution (from Tradeflow) still awaits

Today is another day and another month where the fraud that is Supply@ME Capital (SYME) has paid back a portion of what it termed a loan but was clearly a death spiral by issuing another 489 million shares to Mercator. Okay, £500,000 repaid only £5.6 million to go and with the shares trending ever lower that will require an utter blizzard of new shares for Mercator to forward sell. But that is not the end of the dilution.

1165 days ago

Eurasia – no impact from sanctions claim already looks lame, shares tank but still a massive short

After hours yesterday Eurasia Mining (EUA) insisted that it faced no impact from the sanctions imposed on Russia by the EU, UK and US.  A few hours later Russia launched air and missile attacks on Ukraine and tanks started rolling in for what looks like a full invasion. Eurasia shares have slumped this morning by another 31% to 11.6p but that still values this company with minimal revenues and a monstrous cash guzzle at £349 million or almost £400 million on a fully diluted basis. That is crackers and here is why.

1175 days ago

Supply@ME Capital – the death spiral share overhang is now at least 6 billion shares! Er...problemo!

Under the Mercator death spiral, the fraud Supply@ME Capital (SYME) has received £7 million of cash and has to repay £7.7 million.  For the first three tranches of the 12 monthly repayments, Supply – cash strapped as it is- has opted to convert the loan repayments into a convertible loan which Mercator has then converted into shares which it has sold.  The continued lack of credible positive news (as opposed to ramptastic announcements) coupled with continual shares sales by Mercator has resulted in the conversion price continually dropping as indicated in the table below:

1175 days ago

Tom Winnifrith Bearcast: Is Lonny Baumgardner of Predator stark raving Twitter bonkers?

I comment on the weather here in Wales and then start with those sort of folks who engage in utterly reckless behaviour they know will ruin them. I think of vicars or Tory MPs having unsafe sex with rent boys in the era of the News of the Screws or of Paul Smith the, now ex, CEO of Morses Club (MCL). I look at ADVFN (AFN) and ask if its shares are now cheap at 63p? Then it is onto UK Oil & Gas (UKOG), and to Predator Oil (PRD) where I smell a pre-placing ramp and where the COO is now tweeting like a lunatic.  Finally it is Guild ESports (GILD) and Cellular Goods (CBX).

1176 days ago

Lyin’ Steve Sanderson of UKOG takes the piss with another spoof purchase of shares

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.

1176 days ago

If Paul Smith of Morses Club does not go to jail for insider dealing the FCA is admitting that it is a not fit for purpose joke!

Today Morses Club (MCL) served up a horrible profits warning and announced that its CEO Paul Smith was leaving with immediate effect.  The shares have crashed by 26p to just 15.95p. But last last week one lucky trader dumped 464,119 shares at 42.65p almost his entire holding. That lucky trader was Paul Smith. If this is not insider dealing I am a banana. Here is the timeline and why the FCA MUST feel Smith’s collar asap.

1176 days ago

SkinBioTherapeutics – “Business update”, expect shares to respond positively on further updates soon: BUY!

SkinBioTherapeutics (SBTX) has published a “Business update” announcement including that it has now progressed to the second phase of its AxisBiotix-Ps food supplement for psoriasis product commercialisation strategy and that the SkinBiotix active ingredient project with Sederma is on track. Sounds good!

1177 days ago

Is Hurricane a cracking short – Was Shakoor answers

Are shares in Hurricane Energy (HUR) overvalued at 7p,amarket cap of £141 million. On fundamentals, you bet. But…is it a stock to short. I asked the question to the Professional Northerner Bear, Waseem Shakoor whose expertise includes the study of small oil plays. Waseem says:

1177 days ago

BREAKING: Shield Therapeutics IS the next Omega, a short at 25.5p - target 5.5p

Shield Therapeutics (STX) has the status Omega Diagnostics (ODX) once had as a darling of the Bulletin Board savants. And like Omega was this company is heading for a cash crisis and its shares will tank by 80%. Though this will enrage a shareholder base with the collective IQ of a cheese sandwich, the shares are a stand out short at 25.5p with a 5.5p target.  Chaps and gals,before you start the hate attacks on me learn from the Omega debacle HERE. Now as to why Shield shares will collapse, here’s why.

1177 days ago

Avacta – a chance to double up on the short

Small stake-building by a French Covid tester in Novacyt (NCYT) saw its shares surge yesterday and that prompted jumps across the sector. Over in Bulletin Board Moron land the talk was of merger mania sweeping the sector. I hate to disillusion you guys …

1177 days ago

Value Creation Plan my Arse; Andrew Piggy Austin sticks his snout in the trough again at AIM sewer listed Kistos

The headline is “value creation plan”. My arse. This is a disgracefully structured plan to further enrich Kistos (KIST) boss Andrew Piggy Austin and his fellow boardroom troughers. Oink. Oink. This is a disgrace. How on earth has Nomad Panmure Gordon signed off on this scheme as being fair?

1177 days ago

Andrew Piggy Austin “clarifies” £25m Greed per fat cat Plan at Kistos – my arse – plan needs changing

Yesterday I outlined how the proposed Value Creation Plan at AIM listed Kistos (KIST) was nothing of the sort, it was just a scam aimed at handing up to £25 million of free shares to senior management, notably Andrew “Piggy” Austin of IGAS (IGAS) & Equities First Holdings infamy. The shares slumped on the news allowing Piggy to buy another 150,000 of them at a year low price. Today the company “clarifies.” My arse. It dissembles. This scheme needs a radical redrawing.

1177 days ago

Tom Winnifrith Bearcast: the greed of Piggy Austin is just not acceptable

I start with a few thoughts on a visit this morning to the post industrial wastelands of Salford. Gosh it was grim.  Then a schoolboy error on Skinbiotherapeutics (SBTX) but it only makes the case  for filling your boots stronger. No, I have not got a scooby about why Bluebird (BMV) shares are up but I speculated and put together a few pieces of the jigsaw.  I look at W Resources (WRES) but would not touch it with a bargepole and then discuss the wholly unacceptable greed of Andrew “piggy” Austin at Kistos (KIST)

1177 days ago

Things get even worse at PCF, another suspension looms and this is all the work of disgraced David Bull of the Supply@ME fraud

Having just managed to get its shares unsuspended, PCF Group (PCF) has today warned folks that they are likely to be suspended again. To have your shares suspended once may be understandable. But twice looks like carelessness and the man responsible is now a key figure in the Supply@ME Capital (SYME) and Eight Capital Partners (ECP) fraud. Any quarter decent firm would have suspended David Bull months ago. But Supply & Eight promoted him instead.

1177 days ago

Tom Winnifrith Bonus Bearcast - why I think Skinbiotherapeutics is a 10 bagger (or more) from here

As you know I am reviewing my pension as discussed HERE. As such I am chatting to various CEOs who I have backed and yesterday evening I had a long chat with Stuart Ashman of Skinbiotherapeutics (SBTX). He is not a bluffing promoter but, I believe, a sober and grounded chap. I came away from the call just incredibly excited. I explain why the share price is where it is but also why this could within a couple of years be a 10 bagger but it could equally be a 20 bagger. Certainly any free cash within my SIPP will, even at twice today’s price be going into this stock. And if I am right there is a clear implication for Optibiotix (OPTI) so I am not selling any shares in it either.  Footnote/correction. There are not 2 million psoriasis sufferers worldwide as per podcast but 120 million. I can’t say that weakens the case!

1184 days ago

Cake Box – just why are the shares slumping? Why isn’t the CEO filling his boots?

Both on Friday and today shares in Cake Box (CBOX) have fallen sharply. When Maynard Paton and this website first raised questions about the accounts and other matters just three weeks ago the stock was 325p. It is now 180p. So what is going on?

1184 days ago

A one year tweet which has aged so very badly - meet Chill Brands shareholder Stocks Gazer, he is a moron

A year ago shares in Chill Brands (CHLL)  the fraud then known as Zoetic (ZOE) were 76p as I published a 60 red flags dossier. Here is how one moron responded – natch by abusing me. The shares are now 9p. I guess this tweet has not aged terribly well. Meet Stocks Gazer. He is a moron.

1184 days ago

A man who blocked Tom Winnifrith because he knew more about Omega Diagnostics and shares can't fess his gargantuan losses to his wife

The chap below blocked me on Twitter as I did not know what I was talking about when it came to Omega Diagnostics (ODX). He did, of course, and now he has lost so much money he cannot bring himself to ‘fess up to his Mrs that he has trashed the family finances. I do actually feel sorry for him though no doubt he has said a lot of beastly things about me. It will be of no consolation to him when folks, the sort of Omega owning folks who egged on his enthusiasm, say things will get better or he can learn from this. Things may improve for Omega and I hope he learns but right now he must feel pretty rotten. The biggest lesson, of course, is never to put all your eggs in one basket. Perhaps a second one is that, on bear calls, whatever you read on Bulletin Boards,I am almost always right.

1184 days ago

Omega Diagnostics confirms all my scoops – placing, HQ sale, open offer – shares slump again- now onto the next BIG SHORT in the sector

I shall be recording a special podcast outside of the paywall later for shareholders in Omega Diagnostics (ODX) for they have been well and truly mugged, but not by me, and must be spitting nails this morning as it finally fesses that everything I have  exposed on this website was true.

1188 days ago

Video: Inflation is Here to Stay, shares will tank

Asset manager Kevin Smith warns that the Fed has lost control of inflation, equities are bound to fall sharply and you just know where to go to save your wealth!

1189 days ago

Amigo – the key is the “relevant stakeholders” well one in particular!

Amigo (AMGO) has today given us an update on the scheme of arrangement which will, almost certainly bit not certainly, eventually see nineteen new shares issued for every one now in issue. Whatever happens, at 3.58p the shares are monstrously overvalued.

1189 days ago

Wildcat appoints yet another "specialist consultant" – Spoooooooooooooooooooof

One year and one month after Wildcat Petroleum (WCAT) lied about having raised £600,000 and took its place among the worthless joke companies on the Standard List, its long promised RTO of an E&P asset is still nowhere to be seen. However, nearly all of the money which did come in after spiv investors flipped the shares they had been issued without paying for, has now been spunked. Cash is now well under £200,000 so serious spoofing is needed.

1191 days ago

Video: Fed Reversing Course will be magic for gold as shares crash

Writer Jesse Felder warns that equities have NEVER been more overvalued but that gold offers a …golden opportunity to get rich

1191 days ago

WARNING: Chill Brands – a year and a day to lose just under 90%, the next 90% will be lost far more quickly

Do you remember all the abuse that this site and I got when publishing the 60 red flags dossier on Chill Brands (CHLL), Zoetic as was, exactly one year and one day ago? I was part of a short selling cabal, the FCA would have my testicles roasted on a fire by the weekend, I did not know what I was talking about, etc, etc, etc. The shares were them 76p mid. Today they are 7.625p mid. – a near as damn it 90% fall. The next 90% fall will be far quicker and it could be far greater.

1192 days ago

EXPOSE: Verditek – a deceptively bad disposal booking a profit which will actually be a loss & even after the sale it is still insolvent!

The good news is that the £308,000 received from the sale of shares in ICSI will postpone insolvency by a few weeks. The bad news is that – unless there is a bailout placing – the company will still run out of cash well before Easter. In fact before half term. Now the morons reckon this deal will allow Verditek (VDTK) to book a profit. Well… er… sort of but not really. And even with this sale Verditek is still insolvent, or near as damn it.

1192 days ago

Cenkos Securities – Optibiotix shares to more than treble from 45p offer price

It is house broker so it is paid to be bullish and so feel free to ignore everything that follows. None the less, as a loyal shareholder myself, I agree with the valuation in a note out yesterday from Cenkos on Optibiotix (OPTI) commenting on its latest news. The note reads:

1192 days ago

Supply@Me Capital and the spoof website

Over a month has passed since the fraud Supply@ME Capital (SYME) issued its 31 December 2021 trading update promising inventory monetisation revenue was due shortly.  In January 2022 the sole RNS was the notification of the issue of 594 million shares in respect of the December loan note repayment. I suppose it all depends on what you mean by “shortly.”

1195 days ago

Tom Winnifrith Bearcast: The Hitpiece NFT heist, the madness moves up another level

I start with Hitpiece  – the latest NFT scam. Aren’t all NFT’s scams? I discuss the ephemeral nature of contemporary music as an asset class. Then onto Amigo (AMGO) where – with the shares surging – it is surely ‘a mega’ short. Then it is onto regulatory and ethical failure at Braveheart (BRH) and Chamberlin (CMH), the common links being the scumbag Trevor Brown and the scallywags at Peterhouse Capital. Then on to more regulatory failure at Chill Brands (FRAUD) before I take along look at UK SPAC (SPC) and all who sail in her. Finally a few words on Optibiotix (OPTI) where I plan to catch up with Steve O’Hara later today.

1197 days ago

David Beckham ‘’e's ‘avin’ a larf – tragic finals from Guild Esports, cash burn central, Yellow Journalism at Daily Mail disgraced again!

Floated at 8p on the (sub) Standard list on 2 October 2020, football gaming shower Guild Esports (GILD) now sees its shares languishing at just 3p after the release of truly dreadful interims. The only shareholder laughing all the way to the bank is David “show me the money” Beckham.

1197 days ago

Chill Brands – 2nd letter to FCA about RNS Revenue lies & potential insolvency within weeks

Shares in Chill Brands (CHLL) were 76p when I published that 60 red flag dossier last February – they are today at just 9.25p, the lowest since July 2020. They are falling sharply again today on the back of Friday’s interims which showed sales in the six months to September 30 which were only about half the level of sales already announced in three separate RNS statements covering the same period. I have again written to the FCA.

1198 days ago

Letter to AIM Regulation – it must stop the farce at Eurasia Mining

Following on from Evil Banksta’s most excellent article on Friday about the £640 million joke at Eurasia Mining (EUA)  it is quite clear that Nomad SP Angel does not give a FF about markets in its clients shares being remotely orderly as we have seen with the scandals at the MySquar (MYSQ) fraud and at BlueJay Mining (JAY) where Angel pumped the stock aggressively so it could dump its own shares on mug punters. I have therefore written to the Oxymorons at AIM Regulation suggesting that it force an announcement

1200 days ago

Tintra – the next million shares lined up for issue to Tintra Acquisitions

In my last article, I calculated that there was £21,090 of outstanding convertible loan stock in issue. Tintra Acquisitions (TAL) has today rounded this to £100,000 as extract from RNS below shows:

1200 days ago

Tintra – do folks understand the scale of the dilution coming?

Two days ago, Tintra Acquisitions (TA) diluted the other shareholders in Tintra Plc (TNT) by converting £100,000 worth of convertible loan note into 1 million shares at a bargain conversion price of only 10 pence per share. 

1200 days ago

Expose: The King ramping rat, lying, rule breaking John Story starts to abandon the sinking Chill Brands ship

When shares in the fraud Chill Brands (CHLL) surged towards a quid, spiv John Story told folks they were going much higher. He gave ramptastic interviews where he told lies about the company then known as Zoetic (ZOE).  He ostentatiously bought a few more shares. He engaged with the man who helped Harvey Weinstein to silence his victims to harass and troll myself, Gary Newman, Peter Brailey and others to try and scare us away from exposing this con.  But now with the shares barely into double figures Story is bailing. And here’s why.

1200 days ago

Tintra – epic dilution by Tintra Acquisitions from its convertible loan note

In yesterday’s RNS Tintra (TNT) has indicated that the first subscription at the equivalent of 504 pence per share has arrived which is obviously very good news and sees 148,511 new ordinary shares in issue.

1200 days ago

Why no share buyback at Open Orphan?

Some folks are pissed off at the share price and ask me why Open Orphan (ORPH) does not use some of its cash to buy back shares? I put this to Orphan’s boss Cathal Friel who says:

1200 days ago

Photo Article: Lucian goes to Cake Box Eastleigh as the company serves up weedy response to bear case

Today we were told that the COO of Cake Box (CBOX) had bought £50,000 ofshares yesterday. Compared to the £10.5 million dump by his boss in November it is peanuts. Showing rather poor form, Dr Jaswir Singh made the purchase BEFORE rather than AFTER the company put out a weedy and patronising RNS trying to refute the bear case as explained HERE on Sunday.  Surely the good Dr was aware that a refutation was coming and thus had price sensitive information? While Dr Singh was dealing like a dervish, Lucian Miers went to visit the franchise stores in Eastleigh and Southampton. The photo below is from Eastleigh.

1200 days ago

When is a director share buying a sell signal? Over to Lyin’ Steve Sanderson at UKOG

Lyin’ Steve at UK Oil & Gas (UKOG) knows that his company will run out of cash within a few months. Thus he wants to spoof mug punters into buying the shares ahead of the next bailout discounted placing to push the shares higher. How many bailouts has Lyin’ Steve undertaken now? I lost count as we sprinted into double figures. So how to ramp? Announce a share purchase says which ever imbecile is advising him on PR.

1200 days ago

BREAKING – More Shenanigans in Ethiopia, Kefi has NOT lost Tulu Kapi

Shares in Kefi (KEFI) are a tad weaker today on bulletin board speculation that the Ethiopian Ministry of Mines has removed the Tulu Kapi mining license and awarded it to a recently established Hong Kong based company. Treat this as a buying opportunity for it is fake news- that is what you get from reading BBs. Here is what has happened. I have spoken to folks on the ground just now.

1200 days ago

Tom Winnifrith Bearcast - Cake Box is NOT another Patisserie Holdings but it looks a stonking red flag & macro short

I start with a few words on Oxford Cannabinoid (OCTP).I have not said fill your boots nor should you. The issue here is management allegedly lining their own pockets ahead of corporate action which they know all about. One should not buy shares in such companies. Then I reflect on an excellent piece by Maynard Paton on Cake Box (CBOX) which you can read HERE. I comment on some of the excellent points he makes but add in half a dozen of my own, notably comparing boasted net cash and net interest costs but also the shameful CEO pump and dump and the macro headwind given the demographic of its end user base. This is probably not another Patisserie Valerie but at 320p it is a stonking short.

1200 days ago

Essentra – shares further ahead on trading update, further corporate excitement potential?

Components and (currently) Packaging and Filters company Essentra (ESNT) has announced fourth quarter like-for-like revenue up 12.7% on the prior year (+11.1% v. Q4 2019) and that it “expects to deliver FY 2021 operating profit in the range of analysts’ forecasts” (£80.7m-£84.3m) and “order book trends remain strong”. The shares are now 340p, a just shy of £1 billion market cap, but is there still further to go here?

1200 days ago

Buy Shearwater Group

Shares in cyber security group Shearwater (SWG) are down from more than 200p reached early last summer and more than 140p as recently as November to currently 99p to buy. There is clear trading expectations risk, but also reasons for optimism that the shares will spark again and they now look a risk/reward Buy.

1200 days ago

Video: an epic risk moment in history, shares to crash 90%

Asset manager, Egon von Greyerz does not mince his words. There is no fence sitting here. He argues that systemic risks are increasing but the general investor does not appear concerned. No one knows the size of the derivatives markets but it’s likely in the quadrillions. Egon points out that sovereign bonds make no sense for investors since the only way they can be paid back is with more money printing, hence they are extremely poor investments especially when you consider the dismal returns.

1201 days ago

Bulletin Board Moron of the week – yes it’s a shareholder in heading for insolvency Chill Brands

Ahead of what will be dismal interims and a catastrophically bad update on current trading due within 11 days and with a bailout placing needed PDQ, shares in Chill Brands (CHLL) are again lower today at 11.8p.  My target price is still 0p and still the idiots who have ignored my numerous warnings from 76p down as they know better still play the man, me, not the ball, my data and bear thesis. Meet kaka47 on the ADVFN Asylum who posts:

1201 days ago

Living by a death spiral, dying by a death spiral – liquidity drying up in a bear market: the Supply@ME Fraud

Each working day, Mercator, the provider of two death spirals to the fraud Supply@ME Capital (SYME) needs to offload c£20,000 worth of shares on to the muppets who think that they are going to get rich catching this particular falling knife. In a bull market when folks are prepared to overlook obvious lies and fraudulent results, that is not hard but we are not now in a bull market.

1201 days ago

Centamin – Q4 update, further recovery ahead

Centamin (CEY) has announced “the final quarter delivered what was a highly successful 2021” and that it is now looking forward to delivering on a clear roadmap to growing and unlocking further value from the Sukari gold mine in Egypt and its exploration portfolio. The shares have responded up to 93.425p and look to have much further to go.

1204 days ago

Tom Winnifrith Bearcast - if the FCA really cared about financial promotions Gollum would be doing porridge

In today’s Bearcast I start with Cathie Wood of Ark Invest and another sign (hat tip FP) that she is Neil Woodford on steroids and will see a mega blow up in 2022. The onto the FCA’s plan to crack down on financial promotions. My arse it will. If it was serious on this matter Gollum Gill would be in the slammer already. Then some consolation for Gary Newman with some words on Advance Energy (AVN). I comment on URU Metals (URU) and the there is Best of the Best (BOTB). Surely there must be a Steward’s intp the £60 million share dump by directors nine months ago.  But are the shares now cheap?  

1205 days ago

Tom Winnifrith Bearcast: what about World War 3 and the Ukraine & why Zak's cunning plan will not work

I start by considering events in the Ukraine where my sympathies are, naturally, with Mother Russia but what could it all lead to? Then I consider why shares in Zak Mir’s Lift Ventures might fly but why his plan is flawed.  Then onto THG (THG), Deepverge (DVRG) and Union Jack (UJO) and CEOs who say the shares are too cheap too often or who “fear” a takeover at this price. 

1206 days ago

The curse of sleazy Lord Drayson – Sensyne shares crash on cash crisis - worse to come!

He took an £850,000 bonus for staging the AIM IPO of Sensyne (SENS) even though he had promised his Nomad which had then assured institutional investors, that he would not. Then Lord Drayson used more company funds to pay off a whistleblower. This man, enobled by the war criminal Sir Tony Blair after, in a wholly unrelated way, donating vast sums to New Labour, is a festering wart on the backside of the corporate world.  One hopes that a cash crisis will deal with this wart once and for all. Natch I have been a bear of this stock all along, unlike hedgie Matthew Scarborough of Gatemore who did his darndest to get me to pump this stock days before the scale of the current crisis started to become apparent.

1206 days ago

The Hut Group (THG plc) – not an invitation to short but an obligation to

Shares in The Hut Group, THG plc (THG), listed at 500p in September 2020, then zoomed to 800p but now trade below 200p. Even so this business is still valued by the market at £2.2 billion.

1206 days ago

ADVFN “strategic review” and formal sale process – whatever

Now that it is cash generative, pro tem, ADVFN (AFN) reckons that its shares are undervalued. Of course Clem Chambers, the globe trotting boss of the websites group, has been saying this for years as the stock price tanked and I reckon that Cheryl Cole is missing out on a damn good time here in North Wales. We are all entitled to our opinions.

1214 days ago

Supply@Me Capital – the cash burn continues, but issuing an RNS is for “little people.”

It appears that the cash strapped fraud Supply@ME Capital (SYME) has drawn down the additional £2 million available under the Mercator loan (no sniggering at the back) facility without explicitly announcing this material new “loan” advance via an RNS.  I guess following LSE rules about material disclosures is only for “little people.”

1214 days ago

AIM Rule breaking, journalist trolling arse Gerry Brandon and Deepverge serve up a NY lack of profits warning- shares uninvestable

As I explained in detail HERE, Gerry “the arse” Brandon and Deepverge breached AIM Rule 11 ahead of last June’s bailout placing. That AIM Regulation has allowed “the arse” Brandon to keep his job shows what a joke market the Casino is. For today, six months after that bailout placing at 30p, the shares are 20.25p, sliding and still monstrously overvalued. Had the Oxymorons publicly censured this company and Gerry the arse, investors might have got out before today’s shambles.

1214 days ago

Union Jack distracts from elephant in room with misleading trading statement

The elephant in the room is that Union Jack’s (UJO) disgraced boss David Bramhill has spent vast amounts of shareholders cash hiring spooks to spy on and troll shareholders, journalists and his own advisers as exposed HERE. That makes Union Jack shares toxic and today’s utterly misleading trading statement will not change that.

1214 days ago

Tintra – spoof investment valuation: this stinks!

Tintra (TNT) has issued an RNS “Strategic Investment Under Funding Round” which saw the shares soar up over 225% at the time of writing. The whole think stinks like a rotting herring stuffed down the back of a sofa in a very warm room.

1214 days ago

Avacta: a double disaster, shares slump but, even so, now in my top 5 Covid testing sells

Oh dear. How sad. Never Mind. The Covid testing bubble is bursting and an admission this morning from Avacta (AVCT) is even more of a disaster than a 27% share price slump suggests. This collapse is only just beginning and will spread across the sector, so completely vindicating we cynics of stocks such as Abingdon (ABDX), Omega Diagnostics (ODX) and others. As a bear, preparing to crack out a celebratory ouzo, Let me explain.

1217 days ago

EXPOSED: Cellular Goods: Rewriting history & backtracking fast amid a sound of silence on its product launch

The RNS about today’s AGM Cellular Goods (CBX),  the company that sold cheap shares to David Beckham to wallow in his *“brand glory” and ramp ahead of the IPO, said nothing other than resolutions were passed but there was a link to a shareholder Q&A and this should ring real alarm bells as the  company rewrites history. Firstly let us all rewind to December 1.

1217 days ago

Reader Poll: What price the next Tern Bailout placing needed before April Fool’s Day

As I demonstrated HERE, April Fool’s Day is too late for AIM listed, sub scale, investment company Tern (TERN)- it needs a placing before then or it will be crash landing in tits up alley. No institution will touch this POS with a bargepole so it is an inevitable trip to the bucket shops for a discounted raise. The shares are now 11.75p. The NAV is not going to be anymore than 8p and is falling so what price to you think the placing will be at?

1229 days ago

Wildcat Petroleum- bailout discounted placing ahoy, shares collapsing

Wildcat Petroleum (WCAT) is the Standard Listed company that lied in its very first RNS exactly one year ago today.  More importantly it is rapidly running out of cash, as I noted here, having failed to get anywhere close to executing an RTO as promised 12 months ago. It gets worse.

1229 days ago

EXPOSE: Inspirit Energy Holdings – shocking accounts and bailout discounted placing ahoy

Inspirit (INSP) snuck out its piss poor results on 29 December at 5.30 pm and today sees its shares down around 14%. You don’t need to be Mystic fecking Meg to know what comes next but a detailed interrogation of those results throws up some ginormous new red flags.

1231 days ago

Dev Clever – shares suspended: Oh Dear, How Sad, Never Mind

It looks like its turkey twizzlers only for the morons owning this stock on this Christmas Eve.  As I have noted many times, Dev Clever (DEV) has been monstrously overvalued on fundamentals, promoted by ramping and worse. At 30p the company is valued at £180 million which for a loss-making entity, run from a lock up on an industrial estate and with half year sales of just £2.4 million is bonkers. But at least you could trade out of you wanted. You can’t now. The company says that it has asked the FCA for the suspension of trading in its shares. Just like you used to ask the headmaster to beat you for sinning at school. Whatever…

1238 days ago

Tom Winnifrith Bearcast: Is Harry Adams of Kefi a complete and utter xxxx

I was made an insider on today’s placing a while back and I am not selling my shares in Kefi (KEFI) for reasons I explain. But I am pretty angry with Harry and understand the ire of many of you. I discuss this. Then it is onto Verditek (VDTK) which looks to owe us all a trading statement and is almost certainly bust already. The target there, at 2.9p, is 0p. I also have words for the FCA here on Financial Promotions and why it should be sending Richard “Gollum” Gill to jail. Finally I look at Eurasia Mining (EUA)

1238 days ago

Kicking another man who is down, Cineworld - sell with sub 10p target

I trust that numerous warnings from myself and Lucian have allowed you to make good money from shorting Cineworld (CINE) all the way down. The shares have collapsed this week on news that it has lost a Canadian court case and is on the hook for C$1.23 billion but that merely accelerates the end game here. Do not even think of closing your short at 31p.  My target is buttons. Post an inevitable debt for equity swap and bailout placing this is a penny share.

1238 days ago

UPDATED: Alpha Growth – is it placing ahoy? And as the FCA enforces new global warming rules does it care about basic listing rules anymore?

Alpha Growth (ALGW) announced today that it had appointed Arden Partners as broker to the company (replacing disgraced Pello Capital) and the Bulletin Board Morons reacted positively marking the shares up 11.5% at the time of writing to 3.35p, valuing the company at a quite ludicrous £14 million. 

1239 days ago

Anglo African – what a pigs ear and related party nest of snakes

Those who have not been cut off from Andrew Monk’s morning email will, over the past few years have been told time and time again how cheap are shares in the bastard son of Monk & David Lenigas, that is to say Anglo African Agriculture (AAAP). Shares in the company were 12.5p when Monkey first arranged a deal to reverse a Kenyan Port into the sub scale Zim South food producer. They are now 3.75p as that deal has fallen through.

1240 days ago

UK Oil & Gas – weedy operational update, the maths does not lie, it's time for another bailout placing

Shares in UK Oil & Gas (UKOG) now change hands at less than 0.1p. At peak Leni-ramp, less than five years ago they were just under 9p. CEO Lyin’ Steve Sanderson has trousered a total package of in excess of £3million during those five years when mug punters have lost more than 98% of their money. But I guess you have to reward talent don’t you.

1240 days ago

Purplebricks — a “process issue“ will cost it £2-9 million, shares crash but still a bargepole

What is a process issue when it is at home? It seems that Purplebricks (PURP) has discovered one in its lettings business which apparently has been going on for years. It refers to tenants and the deposits they must leave with landlords. The company says that “the communications process is now being corrected.” It also says that there is a financial risk.

1242 days ago

If you like pubs or Wales – here are some shares I bought: deadline midnight Sunday

I am not so keen on pubs these days and my feelings on my fellow residents of the rain sodden* land that is Wales fluctuate. But I have invested a modest sum as a present for my daughter in a fund raise that closes at midnight Sunday. If you like pubs or Wales or both I urge you to join me on the shareholder list. Will I make money? I doubt it so this is like most stocks on AIM but this is a good cause.

1242 days ago

Iconic Labs – Signs of life (but it is still insolvent)

Iconic (ICON) shares have been suspended since 7 June 2021 due to the appointment of joint administrators by Toxic Dave Sefton on 4 June 2021 via his company Arch Capital Partners LLP which purchased debts and claims from Shard Capital. 

1245 days ago

Tom Winnifrith Bearcast: Chatting to Stuart Ashman, making a share purchase and meeting a psychic moron

In today’s podcast I discuss why I worry that my wife may have become a real housewife of posh Cheshire, not the part where they play rugby league. Then I look at ADM Energy (ADME) and that RNS reach issue again, tell you about a psychic moron who owns shares in Supply@ME Capital (SYME) and then I discuss, at length, Skinbiotherapeutics (SBTX) after a chat with CEO Stuart Ashman today and on the back of that I have bought more shares in the company.

1245 days ago

The Botswana bounce and the cash strapped – a short list for shorting

I write after a day in which shares rallied sharply after Friday’s big sell-off. That shakedown was on fears that the Botswana covid variant or rather the extreme over-reaction to it given the level of hospitalizations and deaths it has caused (0 & 0) could see corporate earnings hammered. I noted on Friday that the sell off was driven by a false fear. Surely even the lunatics in charge of the asylum we call Britain will soon have to accept that the Omicron (an anagram of moronic) variant is no great threat and thus the new lockdown measures will have to be reversed and thus the impact on PLC earnings will be trivial. One would hope so. That growing realisation that our leaders have blundered is what, one suspects, drove the rally.

1245 days ago

BREAKING: Supply@Me Capital – End of the Line for its inventory monetisation business model? YES!

I don’t expect the morons who own shares in this fraud  are accounting geeks. So I shall try to make this very simple for them for Supply is finished.

1259 days ago

BREAKING SCANDAL ON AIM: Has SP Angel been dumping shares while telling folks to buy yet again? It’s Union Jack Oil

A couple of years ago we exposed how SP Angel had been ramping the arse off Bluejay Mining (JAY) with ludicrous price targets while secretly dumping its entire holding at a fraction of the stated target. In other words it was selling its shares to the same folks who wanted to buy because of its ramping. SP Angel should have lost its license from the FCA then and the regulators should have been pressing charges against the individuals involved. The regulators did nowt and now we come to Union Jack Oil (UJO).

1260 days ago

BREAKING: The man who ensured the FCA prosecuted Globo bosses reveals himself

No! It is not snot gobbler Dan McCrum of the FT who tipped off the CEO allowing him to sell millions of shares in the days before the balloon went up at the Globo (GBO) fraud. McCrum still insists that he is the journalist responsible for Globo’s downfall whatever Gabriel Grego says. But it is another unsung hero who brought Globo to book. You may have thought that he was a supportive shareholder in the fraud, dissing we bears as not knowing what we were talking about. However…

1260 days ago

Letter to AIM Regulation – after Fake Sheikh expose, suspend ADM Energy Now & launch formal enquiry into Cairn and Arden

I have written to the Oxymorons at AIM Regulation,led by the bogus Sheriff of AIM Marcus Stuttard, following two shock revelations on this website which should mean a 7 AM Monday Suspension of Trading in shares in ADM Energy (ADME) and a full enquiry into Nomad Cairn Financial & broker Ardern.  The letter follows:

1261 days ago

TomWinnifrith Bearcast - on the Upper Volta Aquis equivalent these shares would be suspended on Monday but on AIM?

I deal with the specifics of ADM Energy (ADME) shares in which must surely be suspended after my second bombshell in 24 hours, another fake sheikh exposed, but this is the AIM sewerr so maybe not. I deal with individuals who enabled this and name them and say why they should not have been in a position to enable this and have some ideas for the FCA, after its recent statement, on Quindell and other frauds.

1261 days ago

BREAKING: ADM Energy – to fall for one fake sheikh is understandable but to fall for two looks like carelessness

This latest expose c/o Winnileaks is why shares in ADM Energy (ADME) should be suspended first thing Monday. Not only has the company and its hapless Nomad Carin sit on news of a major legal claim against it as I revealed yesterday but it seems to have met its second fake sheikh, a letter from whom is below. And to have used this fake sheikh to ramp the shares ahead of placings.

1261 days ago

Tom Winnifrith Bearcast: You ain't seen nothing yet on ADM: it's a zero

In today’s Bearcast I refer to my earlier podcast on the Botswana variant market sell off but take that forward to specific stocks to be buying and shares to be selling as a result. Then I look at Optbiotix (OPTI) and whether Steve O’Hara has been a naughty boy, ADM Energy (ADME) and my expose of earlier HERE – you ain’t seen nothing yet - and Union Jack Oil (UJO).

1261 days ago

Supply@ME Capital – what about the next £2m of death spiral funding due by Sunday?

Quelle surprise. Who would have guessed it?  The fraud Supply@ME Capital(SYME), now almost out of cash and still burning cash, has elected to pay the remaining November amounts due under its Mercator death spiral – which at announced as being a loan   by issuing more shares rather than in cash. Calling this deal a “loan” was the least of the lies told by Supply But it was a lie.  With the shares at 0.1525p Mercator will have already forward sold see volumes in the past couple of days – the £300,000 of shares it received at 0.135p.  But there is a bigger elephant in the room.

1266 days ago

Tempted to buy £200 of shares for Joshua for Christmas

It is not that he is a great investor yet. But perhaps when he is a bit older he might consider this present something to treasure.

1266 days ago

Another David Bull feck up as the curse of theSupply@ME fraud strikes again at Eight Capital Partners with Companies Act blunder!

Eight Capital Partners (ECP) is blessed with having as its chairman Dominic White, one of the brains behind the Supply@ME Capital (SYME) fraud and until recently its chairman.It also has as its CEO David Bull whose accounting blunders have created a massive black hole at AIM Listed PCF (PCF) causing its shares to be suspended. Bull chairs the Audit Committee, no sniggering please, at Supply. And Eight is, via a complex structure enabling Supply boss Alessandro Zamboni to dump all his remaining shares in his Standard Listed scam. What’s not to like? Oh yes: Eight has fallen foul of the Companies Act.

1266 days ago

Iconic Labs about which we warned so often – will it ever emerge from administration?

Iconic (ICON) shares have been suspended since 7 June 2021 due to the appointment of joint administrators by Toxic Dave Sefton on 4 June 2021 via his company Arch Capital Partners LLP which purchased debts and claims from Shard Capital. 

1269 days ago

Feel the slime and oil as disgraced Tony Baldry slips out another (lack of) profits warning at Westminster, placing needed

The curse of former Tory MP, Tony Baldry of 3DM infamy just will not go away. When oily Tony joins a company, he will make a packet and the shares will tank. That is one of my golden rules of investing and slimy Tony’s record in this respect is unblemished. So to the latest warning from Westminster (WSG), a turd which Tony tries, and fails, to polish.

1270 days ago

Chill Brands New Distribution deal – do the maths, check out the Arfur Daley lock-up & listen to the silence

Shares in the fraud Chill Brands (CHLL) have raced ahead today by 53% to 17.25p on the back of news of a new distribution deal. Yup, the market cap has gone up by c£12 million on the back of a transaction worth £275,000 or less. Insane. You bet. But of course Chill does not give any numbers in its release and morons buying this stock have not done the maths or checked out Google Earth. I have, as you can see below.

1271 days ago

SkinBioTherapeutics – OptiBiotix’s share sale, who does it think it’s kidding?

Having been falling from early this month, shares in SkinBioTherapeutics (SBTX) are currently further lower after it announced “OptiBiotix Health Plc has placed 3,636,363 ordinary shares in SkinBioTherapeutics with new and existing institutional investors at a price of 55 pence per share”. With SkinBioTherapeutics CEO Stuart Ashman though arguing “the company is going from strength to strength” and “it is important to attract new investors who are keen to come on board to support us in the next stage of the company’s development, as a commercial entity”, why the further share price fall?

1271 days ago

Wildcat Petroleum- this is a £57m grandiose farce of share price manipulation & news puffery

As a reminder: Standard listed Wildcat Petroleum (WCAT) lied with its first RNS last December 31 about having raised money. It had not. It now has sub £200,000 left and, ceteris pairibus, will go bust by Easter. Its June 30 accounts were promised for October and are still not yet out, with no explanation for the delay. Its November AGM has had to be postponed with no new date given. But in what appear blatant market manipulation its shares are roofing it. Why will the FCA do nothing? Today we have news…

1271 days ago

Tom Winnifrith Bearcast: the silence of Superdry and the sleaze at Nightcap - surely this is a 0/10 for G (as in ESG)

I start with news of two birthdays. Then I look at today’s Superdry ramp from Versarien (VRS), at Wildcat (WCAT), where the FCA has already responded to  my missive, and at Nightcap (NGHT) where what I have revealed today is legal but surely stinks to high heaven making the shares utterly uninvestable. 

1273 days ago

David Atherton v the wretched Sajid Javid, a posterboy for this useless Government

Some years ago I organised a conference on shares and investors in a £3 billion fraud I was exposing, Quindell, were doing threir darndest to ruin me as if that would protect theor investment. There were the usual death threats which the Police did nothing about becuase not being a celeb or an MP I am not worth protecting. They tried to bankrupt a restaurant I owned with bogus and dreadful reviews. They failed with that and I sold it at a profit. Then they tried to persuade Sajid Javid, who was the minister responsible for business and the media to pull out of the show.

1273 days ago

Tom Winnifrith Bearcast - a helpful graphic explaining the Cineworld smoke and mirrors today

I record from the Welsh Hovel which is once again a building site. Excuse any background noise. I look at Wildcat Petroleum (WCAT) and its uncorrected and untrue 4 October RNS. Then at the fraud Chill Brands (CHLL). In both cases the regulator, the hapless FCA, should be acting right now. Then it is onto Cineworld (CINE) and, with the graphic below – hat tip EB. I explain why its trading statement is so deceptive and why the shares are still a sell. Finally a few words on Optibiotix (OPTI) & Skinbiotherapeutics (SBTX) and today’s confirmation of what a good journalist I am. What does it mean for both stocks?

1273 days ago

Tom Winnifrith Bearcast: Proof that the liar and rule breaker John Story has been dumping Chill Brands shares and not telling folks about it

It was, of course, John Story who engaged with Seth Freedman, causing the harassment of myself, Gary, Peter, and a poor PR girl some months ago. We know he is a proven liar and also a rule breaker. So has he been dumping shares in Chill Brands and not telling anyone via TR1? You bet. And I prove it in this podcast. I also suggest what Chill, its shamed advisers Nick Harris of Allenby, and arsehole journalist smearer Henry Harrison-Topham of Buchanan as well as the FCA need to do about this mess.

1277 days ago

Tom Winnifrith Bearcast: Optibiotix dumping 3.75m of Skin shares on Friday?

I predicted that this was the plan and such a trade went through on the prints late on Friday. Both Optibiotix (OPTI) and Skinbiotherapeutics (SBTX) have declined chances I have offered (two for Opti) to deny the trade was as I speculate. So where does this leave shareholders in both companies and the, badly advised by scumbags Cenkos, Steve O’Hara?   

1277 days ago

Tom Winnifrith Bearcast: I am contacted by a psychic PR man, I kid you not, it was scary

I start with the tale of the psychic PR man and Edge VCT. Then I look at Wildcat Petroleum (WCAT), Powerhouse Energy (PHE) and Supply@ME Capital (FRAUD). we live in a world that is truly bonkers. Then I ask if Avon Protection (AVON) shares have fallen too far on today’s, admittedly bad, news

1278 days ago

Supply@Me Capital – second shocking trading warning – just why can’t the FCA see what a total fraud this is?

This is the second dreadful trading update from Supply@ME Capital (SYME)  in the space of six weeks. It demonstrates that the company will soon run out of cash and has hoodwinked mug punters to allow industrial scale director share sales and dumping by death spiral providers. If the FCA does not act on this latest clear evidence of outright fraud, it really is admitting that it is not fit for purpose. Anyone still holding the shares is insane and here is why.

1280 days ago

Tom Winnifrith Bearcast: BREAKING - Equities First Holdings is back - Wandisco officially now uninvestable!

I start with good news for those who like salacious financial markets sleaze.I have been doing more digging into the David Lenigas, Charlie Wood & Anthony Eastman cesspit and this will become a series. Another installment tomorrow. And as a bonus there is a new bombshell on Julie “Lingerie on Expenses” Meyer MBE on its way. Who’s been a very naughty girl then? Then the Wandisco (WAND) shocker. I explain why today’s RNS is deceitful and why this makes the company uninvestable. Then it is onto Nanosynth (NNN), Darren Winters, The High Street Grp and a £60 million FCA mini-bond failure and finally, another villain of these pages, Colin Bird and a few thoughts on why shares in African Pioneer (AFP) may be tanking. PS I see that dodgy HK360 Limited has been forced to admit its sold its Net Zero Infrastructure (NZI) shares after yesterday’s letter to the FCA from myself. Will Net Zero now force TR1s from other shareholders who have dumped or doesn’t it care about the rules?

1281 days ago

Wildcat Petroleum- where are the promised results? What are the scamsters hiding now?

This is the company that lied in its very first RNS on December 30 2020, claiming to have raised £600,000 for its IPO when, in fact the money did not arrive until January when “investors” had been able to flip their shares to raise the cash for the placement. Between then and now it had boasted of utterly spurious crypto and NFT deals then, one suspects under FCA pressure, reverted to its prospectus gameplan of trying to do an RTO in oil.  But now another lie.

1283 days ago

Tom Winnifrith Bearcast: Bears getting hammered, Gabriel Grego beaten up massively today on Cassava

No doubt this will be celebrated by many a moron as well as many a fraudster. Gabriel’s latest dossier is on Cassava (SAVA) on Nasdaq. It is compelling yet he has today been flamed by the Reddit crowd and Cassava shares are roofing it. What does this all mean?  Purplebricks (PURP) shows why bears are forces for good. I discuss it. Then Acceler8 (AC8), Parsley Box (MEAL) and Metro Bank (MTRO).

1283 days ago

Purplebricks…timber! Ouzo tonight for a vindicated permabear

When I read Purplebricks (PURP) CEO Vic Darvey prattling on about a solid platform to achieve longer term targets my mind immediately switches to thoughts of Cheryl Cole. I feel that I too offer an increasingly solid platform (boom boom) and I have my targets too. Whatever … today Vic served up a ghastly profits warning and shares in Purplebricks (PURP) are in freefall. You cannot say that this site has not warned you all often enough. So what’s the story morning glory?

1283 days ago

Letter to the FCA - Not one but two new financial crimes at Chill Brands that need investigating

There are suggestions today that Chill Brands (CHLL) next bailout fundraise will be at 5p. I would suggest that this is the bull case. Rapidly running out of cash and with a business model that is a proven failure I cannot see why this business will be rescued until it is on the brink and the spivs at broker Peterhouse do a friends and family offer at 0.1p turning it into a cash shell. What is clear is that the shares will collapse as stale bulls dump and that anyone hanging on is insane. But what of the FCA?

1285 days ago

Chill Brands – why not post a “no reason for share price move” RNS?

Shares in Chill Brands (CHLL) have fallen by almost 20% since the start of the week and it is not yet Tuesday Lunchtime, unless you are Roland “Fatty Cornish in which case Tuesday lunchtime started just after elevenses. In such a situation many companies would be tempted to issue a “we know of no reason for the share price move” statement. But Chill cannot and it cannot for two reasons.

1285 days ago

Essentra – Q3 update, adds corporate excitement potential

Recommended at a 282.5p offer price in August, shares in Essentra (ESNT) are currently up to 289p on the back of a “Strategic Update and Q3 2021 Trading”-titled announcement. Good news.

1285 days ago

No Insider Dealing Honest Guv: Chill Brands car crash trading statement – it is even worse than it looks

Yesterday saw two trades of 2,005,106 and 2,550,000 Chill Brands (CHLL) shares dumped well below the offer at 14.25p. That is more than 2% of the equity. There were other big sells below the bid on Monday. Was a major shareholder at last accepting that I was right or was this just canny de-risking as today there is a trading statement which is so terrible it is hard to know where to start. No doubt the FCA will ensure there is no story of insider dealing to tell. So how bad is the statement? It is dire.

1287 days ago

Chill Brands – where is the FECKING Sales update you PROMISED? Just how bad is the news you hide?

Shares in Chill Brands (CHLL) have slipped again today to a new year low of 17.75p. Ouch. To think that they were 76p when I published that 60 red flags dossier but of course the bulletin board morons, Seth Freedman et al knew so much better.  The question now is about the trading statement and US sales update. What statement you say? Exactly!

1287 days ago

SHOCKING EXPOSE: Net Zero Infrastructure – the green virtue signallers and the dodgy offshore cash: it gets much worse ( the HK trial dossier)

So who is behind the offshore (Belize) based tax dodgers at 360HK Limited which took part in the 3p per share IPO fund raise of Net Zero Infrastructure (NZI) on the Sub Standard List but has been dumping its shares into the pump ever since? It is a simple question but the company’s response will shock you? Or maybe with a patsy career politician Tory Baron and mate of Boris on board it will not.

1291 days ago

Tom Winnifrith Bearcast: its V Day!

I start with the two companies beginning with V and articles on this website today: Versarien (VRS) has responded, weakly to this expose. Vast Resources (VAST) cannot respond to this bombshell which exposes the cancer at the heart of AIM Regulation again and makes the shares uninvestable at any price. Then I look at Ben’s Creek (BEN), Skinbiotherapeutics (SBTX) on product launch day and at Central Copper where an IPO that should be pulled is delayed again. 

1291 days ago

Ince & Arden – Even I did not expect the COIs to screw things up quite this soon

Two days ago Ince (INCE) the provider of legal and other corporate services announced an all share offer for sub scale Nomad Arden (ARDN). I flagged up then that this was a sign of a top of the market and also that there were bound to be conflicts of interest which would make this deal a nightmare not a blessing. Those COIs have cropped up sooner than expected and shares in Ince were suspended yesterday.

1291 days ago

UPDATED: BREAKING: City source – Versarien “sounding out” for monster fund-raise at 18p

Versarien has now commented on this article: The shares are today trading at 29.5p, valuing this POS at c£58 million, but are slipping gently. The reason: Versarien (VRS) the AIM listed jam tomorrow stock run by serial ramper Neill Ricketts is, according to a City source, sounding out investors about a fund raise of £30million at 18p. The rationale?

1291 days ago

First Derivatives now FD Technologies: shares £46 to £21 since my first bear piece but much worse to come

It was back in July 2018 that I first started to expose the murky and, at times fraudulent, world of First Derivatives (FDP) and its scandal plagued auditors at KPMG Belfast, with the shares at £46.  A lot has happened since then. Fascist PR pigs FTI tried to bully me to take down my articles but I told the mothers where to stick it. I reported First to the FRC and it was forced to restate its crooked accounts signed off by KPMG. And Brian Conlon, the CEO and architect of this enterprise sadly passed away leaving his grieving widow as the largest shareholder. Today the name is now FD Technologies (FDP).And it is still a cracking short ahead of numbers next week.Let me explain.

1291 days ago

5.5p to 2.5p in 9 working days- the Vast Resources shitshow in full swing with ANOTHER bailout placing

First came the insider dealing. No, surely not this is AIM! That took the shares to 4.2p in five working days. Then came the catalaogue of disasters trading statement the next working day. That took the shares to 3.5p. And today, as I predicted,  three days later, there is a bailout placing at 2.5p and the shares are now 2.95p. What a shitshow. Of course it also magnifies the lies told to investors back in late April.

1294 days ago

Iconic Labs – is it finally game over for the shareholders? And will toxic Dave Sefton now have to face justice?

Iconic (ICON) shares have been suspended since 7 June 2021 due to the appointment of administrators by Toxic Dave Sefton on 4 June 2021.  The joint administrators have tried to hold a general meeting four times but each they have been adjourned with the latest adjournment being until 19 October 2021.  There has been no announcement since that date.

1294 days ago

When a regulator works with a short seller you know the target is in trouble

Since, a few weeks ago, Matt Earl launched his first bear dossier on Civitas Social Housing (CSH) its shares have fallen by 25% to 91p. The company did issue a response to the first dossier published by the bear raider known as “the Dark Destroyer”.

1295 days ago

Of course there is no insider dealing in London and on AIM - just look at the Vast Resources 5 day chart

Today, Vast Resources (VAST) served up its usual fare of bad news: project delays, financing set backs and death spirals ahoy. All the usual bad news but enough to send the shares crashing below 4p. And it was only two months ago when the company’s third rate joint broker Axis Capital raised it £1.76 million at 6.3p. Ouch. The shares were almost 5.5p last Monday but fell throughout the week to close Friday at 4.2p.

1299 days ago

Supply@Me Capital – David Bull’s toxic legacy, as a CFO at AIM banking group PCF, gets even more toxic

Shareholders in Supply@Me Capital Plc (SYME) have dual exposure to Mr. David Bull.  The first is in his capacity as the Non-Executive Director and Audit Committee Chairman of Supply where his role is to exercise oversight and guidance over the financial reporting process and controls at the Group.  The second is via his position as CEO of Eight Capital Partners (ECP)  which holds an equity interest in Supply and is also lender to an Alessandro Zamboni corporate shareholder in Supply which is secured on Supply shares.

1299 days ago

Alpha Growth – why still no Prospectus and will it get its 2nd interims published in time to avoid a suspension?

Almost seven months after its acquisition of Providence Life Assurance Company Limited which was announced on 11 February and completed on 23 March 2021, Alpha Growth (ALGW) still hasn’t managed to issue its Prospectus to permit the trading of the 187,500,000 placing shares issued on 15 March 2021 to fund the acquisition.  This hardly inspires confidence that the enlarged group has the appropriate financial reporting expertise and resources appropriate to run its business which now includes a Bermudian regulated business. 

1301 days ago

More bad money news for sleazy Tim Yeo the disgraced ex Tory MP and Powerhouse chair

The finances of sleazy Tim Yeo are already known to be utterly ropey so how long will it be before he is forced to dump his remaining shares in Powerhouse Energy (PHE) the ramp where he was resigned as chairman this summer after being branded as a liar who breached his fiduciary duty by a High Court judge. It gets worse as you can see in the costs order below.

1301 days ago

British Honey: 1 advisor, 2 PRs and 7/8 of its board gone within 18 months of IPO – a record?

British Honey Company (BHC) which makes honey but not money listed on the Aquis lobster pot at 110p on March 16 2020.  Amazingly the shares are now 114p but given the shenanigans of the past 18 months that is both unsustainable and ludicrous.

1303 days ago

Photo article: The industrial estate lockup HQ of a company capitalised at £221 million!

Welcome to Unit 1, Ninian Park, Ninian Way, Wilnecote, Tamworth B77 5ES. The global head quarters of a company losing money and capitalised at £221 million. That company is Dev Clever (DEV). Our past coverage suggests that there should be a forest of red flags flying around this building. There is not. But is it really plausible that this small lock up can be the HQ of a company which, with its shares at 36.5p, is capitalised at £221 million?

1306 days ago

And today's ramp from David Lenigas is....

To be fair, shares in the company are up by 26% today at 0.43p on news that it has finalised and ended a death spiral. But any company that has to use a death spiral is likely to be shit and shares in this company are down by 39.06% over 1 year, 86.01% over 5 years and 96.65% since its IPO just over a decade ago. Truly a penny dreadful, just the sort of stock David Lenigas likes to ramp. Dave’s dog de jour is…

1308 days ago

Tom Winnifrith Bearcast: a day of childcare hell

To say that I am cross by today’s turn of events would be an understatement. Hence this podcast is short and late and somewhat bad tempered. It covers Asos (ASC), Anglo African (AAAP), Tirupati Graphite (TGR), and Orcadian (ORCA) with another comment on the oil price and oil shares.

1310 days ago

Tom Winnifrth Bearcast - oil at a 7 year high why aren't oil shares roofing it?

In today’s Bearcast, I look at oil shares including the one I own and one I may well buy next week, at Brighton Pier (PIER) and at Anglesey Mining (AYM)

1313 days ago

Deepverge Placees now 25% down in three months – AIM Regulation MUST act on pre bailout deception & rule breach

It has been three months and ten days since places in a £10 million offering at 30p from AIM listed Deepverge (DVRG) got their stock. At mid they are now 25% down with the shares at 22.5p.  Folks who took part in the placing were misled by the company as to its trading position as it breached AIM Rule 11.  I have again written to AIM Regulation demanding that formal action be taken. That letter is below. Meanwhile should punters hang on?

1317 days ago

Mercantile Ports & Logistics shares suspended - will Primary Bid finally admit it goofed?

I keep being promised a call from the chimpanzees that claim to manage Primary Bid explaining why it was prepared to raise cash for Mercantile Ports & Logistics (MPL)  at 0.45p on 19 August. Here we are, just six weeks later, and the shares have been suspended at 0.3p to sell. At this point will Primary Bid finally accept that its due diligence process for client take on needs a dramatic overhaul.