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Latest News

TERN
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Tern: Zak Mir wants a shorting article - how can I refuse!

Squiggles-in-the-sand specialist and all round Good German, the Sith Lord Zak Mir, noted yesterday that his bullish comments on POSs on the AIM Casino tend to trigger bear articles on this fine website in his lead-up to comments on AIM-listed Tern plc (TERN). Well I don’t want to disappoint him….after all, as you all know, I’m all heart.

GUN
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On the buses for some insider dealing breaching activities on Gunsynd

Hat tip to reader Steve for this remarkable tale involving a breach of the insider dealing laws and AIM listed Gunsynd (GUN) one of the kennel of dogs once associated with Aussie share ramper Big Dave Lenigas.  I should say that Big Dave assures me he is no longer involved. I have known Steve a long time and he is no fantasist. Enjoy.

ITM

Table of shorted AIM shares - week to 19/06/2020

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Clown
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Has Ed Croft's Stockopedia just served up the very worst BUY call in stockmarket history? Timing is everything

No I am not referring to Ed's stock picking system concluding that the Quindell (QPP) fraud was one of the 10 cheapest shares on AIM. Nor am I referring to it rating the fraud Globo (GBO) as a 92/100 BUY.  Or to thirsty Paul Scott using the Stockopedia system to serve up classic buys like IQE (IQE) and TrakM8 (TRAK)  This gem from the Stockopedia stock picking system is an even worse call and in fact possibly the worst stock call in history.

Malcolm-On-Motorcycle

Do You Keep Checking Your Shares in Lockdown? You May, Like Me, Have A Mental Condition.

Hello, Share Testers. As a handsome youth, I noticed my father washed his hands an awful lot. I now recognise this as a mild example of OCD. That’s obsessive compulsive disorder. I fear it may affect a lot of other armchair tycoons as well. You, mayhap! Perhaps you see this useless repetitive behaviour in yourself. Like me, you may be checking your shares dozens of times a day.

Bearcast
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Tom Winnifrith Bearcast: the lies, the crimes, the shame in the sewer at Tomco and Iconic

If only to protect themselves folks at Turner Pope and Shard Capital need to take urgent action. There is clear insider dealing and crime evident at Tomco (TOM) as more than 100% of the issued share capital looks set to change hands today. At Iconic (ICON) I detail lie, after lie after pointless fecking lie relating to an RNS of 12 September 2019 - will my pal Damon Heath do the decent thing and pull the plug?

BP
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BP – new CEO sounding loony… or being very clever?

“revises price assumptions; expects charges at 2Q” announcement from BP (BP.), including February-commenced CEO Bernard Looney stating “in February we set out to become a net zero company by 2050 or sooner… we have been reviewing our price assumptions over a longer horizon. That work has been informed by the COVID-19 pandemic, which increasingly looks as if it will have an enduring economic impact”. Loony or very clever?...

VLS

Velocys – a “Trading Statement” speeding ticket...

Velocys (VLS) has updated including of “implementing procedures which have allowed the company to operate close to ‘Business as usual’ during this period. Progress has been made on all aspects of the business and all critical milestones have been met… now within reach of being able to offer a tangible solution to support decarbonisation of air travel”. The shares have currently responded towards 13p, more than 10% lower!...

ANIC
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The last company I will ever float to delist – Jim Mellon does the right thing at Agronomics, is there an arb for a safe 20% in months?

It was back in 2011 that I helped float Port Erin (PEBI) on Aim and indeed I was a director until 2012 when my stint as a crony capitalist ended in tears and failure. Today that company, now known as Agronomics (ANIC) is to delist with my fellow co-founder, Jim Mellon backing a take private move. Jim is doing the right thing. But is there a trading arb now opening up?

CTEA
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Catenae - and the Covid bandwagon rolls on even as the company admits there may be no revenue!

AIM-listed Catenae (CTEA) shares are up this morning in reaction to the latest update on its Covid-bandwagon ramp. This, of course, was a technically insolvent outfit before some clever clogs at Catenae Towers realised that the mug punters would pile into anything to do with Covid-19 and thus a project involving a consortium in which two companies which apparently had been working together for 25 years despite one of them only coming into existence 13 years ago was born. Catenae’s shares roofed it and now two placings later (at a whopping discount) sees Catenae funded perhaps to the end of the year. This morning there was an update on the consortium Covid-19 bandwagon project……

DGOC
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SHOCKING New report raises BIG questions about the extravagant claims of Diversified Gas & Oil

We have long warned you about this stock. I was thanked by the FRC for bringing issues to its attention which forced a chage of accounting policies. But still things do not ring true for drowning in debt Diversified Gas & Oil (DGOC). And now a new report emerges which raises massive questions about the most extravagant claims made by this company.

Gold

Video: Updating the Dollar Milkshake Theory and $5000 Gold

Asset manager Brent Johnson of Santiago Capital is the man behind the “Dollar Milkshake Theory.” The name for this theory comes from the concept of extracting oil from a neighboring property by “drilling” a longer straw. Brent argues that the United States has this magic straw and regularly uses it to suck up the world’s capital. His theory’s controversial idea is that US equities are going to go to all-time highs along with a stronger US dollar at the expense of most foreign currencies.

ICON
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Iconic Labs – 2 “deals” it announced but has not un-announced

Everything about Iconic labs (ICON) is toxic as we have exposed so many times HERE. Not least is the way it happily deceives investors. This worthless lie generating POS should be slung off the markets at once.  In order to keep its death spiral funding going Iconic likes to trumpet new deals but is a shy in highlighting that they did not in fact occur. For instance take the Social Alchemist and Medium Channel Media deals that were announced.

TOM
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Tomco Bailout Rescue Placing Pulled but shares soar – call the cops, call the FCA I smell white collar crime

Following the shocking revelation that Tomco (TOM) had lied to investors it has pulled the £1.5 million placing at 0.4p announced on Wednesday leaving it running on fumes. In fact, I’ll wager you a line or two of finest Colombian marching powder, direct from the City’s grubbiest dealing floors, that it is technically insolvent. Yet its shares, returning from suspension, have rocketed ahead to 0.775p, a gain of c75%. The FCA should be hot footing it to the offices of broker Turner Pope without delay. I smell crime.

AVCT

Possibly the Most Difficult Decision in Shareland at Present...Avacta

Hello, Share Swashers. As the page views show, interest in the Avacta (AVCT) saga remains very high among the elite group of Shareprophets subscribers. Judging by the bulletin boards on some lesser websites, interest is also keen if often laughably optimistic. Allow me to give you an update on this most volatile of virus-related plays...

Bearcast
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Tom Winnifrith Bearcast: The Implosion of Wirecard tests the Roger Lawson thesis to destruction

I start with a few words on the summer weather here in Wales. then it is on to Big Sofa (BST). Then onto a few words about Neill Ricketts, Versarien (VRS), Rolls Royce (RR.), me, Cheryl Cole and the company's latest promo video HERE. Finally, onto Wirecard a German Norfolk which tests the Roger Lawson thesis on how to deal with short sellers to destruction as it implodes. 

AVCT
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More bollocks from Avacta excites Barry “The Tit” Gibb at Turner Pope but in the real world this is a bonkers ramp

I see that Barry “The Tit” Gibb at broker Turner Pope has produced a gushing note on Avacta (AVCT ) today. Maybe that will help a few more Turner Pope clients to flip the stock they got in the recent 120p placing. Or maybe The Tit just wants a distraction from wittering an about Tomco (TOM), shares in which remain suspended although it has, today, been forced to admit that its RNS that accompanied a Turner Pope placing yesterday, contained a massive porky.  Back to Avacta, when your cheerleader in chief is “The Tit” you know it is right to be bearish.

UJO
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Union Jack Oil – West Newton project Green sh*t update… but potentially significant…

Union Jack Oil (UJO) has announced it “is pleased to publish the positive conclusions of a Carbon Intensity Study on the West Newton hydrocarbon project”...

ANGP

Angelfish Investments – “pleased to announce”… mass dilution or bust?!

The board of Angelfish Investments (ANGP on the AQSE ‘Growth Market’) “is pleased to announce… Company Update and Proposed Director Appointment”. This with it previously - in October - “continuing to review the options to address the capital structure and will provide further updates in due course”. So now, at last, some good news then?...

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ANP

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Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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