Filthy Forty Asian Citrus – (lack of) progress on fraud allegations as Aim execution looms in four weeks
Tom Winnifrith: Do I want to get beaten up by a 36 year old fitness freak to raise money for Cloudtag owning morons on the LSE Asylum?
Published 49 days ago
When buying or selling shares ( or houses) folks all too often ignore the issue of liquidity. This matters greatly both for investors and also for companies. I look at this in detail using two examples, both companies that are, IMHO, weeks away from going bust.
Published 72 days ago
Naturally a headline about Rivington going bust grabbed my eye. Rivington was the firm I founded but which went bust two years after I left after all its businesses were asset stripped by others. But natch go ahead and blame me. But this is a different Rivington although no doubt Aiden Earley and the Bulletin Board Morons will also try to pin the demise of Rivington Biscuits on me too.
Published 96 days ago
Shares in Strat Aero (AER) have jumped today in relief that the company is not going bust before Christmas. Instead it looks set to go bust around St Valentine's day. Today's statement from a company which has committed securities fraud is just ghastly.
Published 149 days ago
There are two parts to this bearcast. First I look at Government Debt and GDP over the past 8 years in the UK , France, the US and Greece and where all four are heading - it will startle those like Jeremy Corbyn, Chancellor Hammond and Malcolm Stacey who still believe in the money tree. Then I look at the great sell indicator that is a broker buy note and explain why.
Published 209 days ago
Avanti Communications (AVN) may try to con us into thinking that it is a bid target but the reality is that its best hope is that bondholders take a haircut in any takeover. that means shareholders face a wipeout. It is more likely that no-one bids and this is a zero. So when do you think Avanti is going bust. Vote now and before a midnight deadline in a reader poll. The shares are 22.5p today and falling. So vote early, vote often, vote below:
Published 218 days ago
According to reports elsewhere in the deadwood press, the appalling left wing Guardian Newspaper is set to report a full year loss of £173 million. That is the good news. The bad news is that the Guardian it is years away from going bust.
Published 278 days ago
As I pointed out yesterday, LightwaveRF is in a financial mess and forced to rely on loans of last resort. Actually it is worse than that. Interims out today strongly suggest that it is going to go bust.
Published 352 days ago
Last week it was Doriemus ( booted off AIM onto the ISDX lobster pot) that was the Lenigas car crash. This week it is Fastjet ( dire profits alert, going bust). Which Lenigas associated company will crash & burn next week I wonder? But while shareholders in companies linked to Jabba The Hutt suffer, the man himself is hard at work in Cuba as the photo below shows. By midnight Sunday please submit your captions in the comments section below.
Published 732 days ago
After working on reviewing the fraudulent accounting policies of Quenron (QPP) for almost three months – as long as it takes to do an audit – Quindell still cannot publish the PWC report. It promises that it will do so in “another few weeks.” The statement released today is a disaster but for those who need assistance I shall translate what it says into what it actually means.
Published 763 days ago
Just when you think that Afren (AFR) can’t get any worse it seems to have the ability to release another piece of news that trashes the share price!
Published 858 days ago
All frauds eventually run out of other people's money and so it will be with Quenron (QPP). For it is a fraud as I explained in full detail in this video. So when will Quindell go tits up?