Tom Winnifrith Bearcast: 10 crimes folks are getting away with in a top of the market blow-out but they will face a massive backlash
Video Special with the PR genius Steffi & the Sith Lord Zak Mir - undeclared Commercial Interests Special
Published 32 days ago
Fitbug (FITB) has made a “New client contract win” announcement. Unfortunately for it however, a previous RNS Reach farce looks to have hindered a ramparoonie…
Published 38 days ago
Having seen its shares soar last month on its previous RNS Reach announcement, enabling a placing before the shares completely slumped back, Fitbug (FITB) has now released another – claiming it “would like to share some insights and findings from a recent case study, following a pilot wellness programme with MTR Crossrail”...
Published 68 days ago
On the back of an RNS Reach (i.e. not even deemed to merit a main RNS) announcement, shares in “digital wellness technology provider” Fitbug Holdings (FITB) roofed it to be 370% higher, at 0.775p, before a suspension of trading was announced. Hmmm…
Published 192 days ago
Ergomed (ERGO) receives a "buy" recommendation is the headline of the RNS Reach that has just gone out. It is very unusual to announce a broker report so I had a butchers at the RNS Reach - a Reach is an announcement the Nomad deems not to be price sensitive. Read on and you see why.
Published 298 days ago
I have a few questions to add to Tom Winnifrith’s and Cynical Bear’s coverage of the fine outfit that is AIM-listed FastForward Innovations Ltd (FFWD). I’m sure there are perfectly reasonable explanations, but perhaps the company might like to share them – especially with a placing so obviously on the way as the (re-) renewal of what was once the AIM-China play called London Asia Chinese Private Equity Fund (CGOP) continues.
Published 521 days ago
Hmmm. Seven – yes, SEVEN RNS Reach releases since the start of H2 (July 1). That’s the running score with AIM-listed ServicePower Technology (SVR). It is almost one per fortnight. Surely there is no attempt to pump up the share price ahead of a placing, is there? Oh hang on, what do we find in the interims which were published on deadline day?
Published 524 days ago
I had to laugh out loud when I read this morning’s RNS Reach from AIM-listed NetDimensions (NETD). It is normally a pretty bad sign when a company announces that it has won some sort of spurious award, but this really takes the biscuit. You see, it is not even NetDimensions that has won it: it is one of its clients! The update is the figures from the balance sheet - far, far worse than my first reading.
Published 535 days ago
AIM-listed Frontera Resources Corporation (FRR) issued a long and detailed RNS regarding its operations in Georgia this morning. It seems to offer a rose-tinted view of the world: could it be that this is a good moment to be buying the shares, then? There is much to like, as the company trumpets a significant upgrade to gas resources associated with its ongoing exploration and production efforts in the country of Georgia. Or is it just a pre-placing ramp?
Published 679 days ago
In this podcast I look at three issues: the abuse of the RNS Reach system - something I touched on earlier HERE - and why it needs scrapping; Worthington and all the stink around Frankfurt listings and finally the shameless folk at Thomas Cook.
Published 680 days ago
Since 23 March Touchstone Gold (TGL) has realeased 4 RNS Reach statements. An RNS Reach is a statement that is not financially material but allows company's to ramp their shares bu hoodwinking mug punters into thinking that they are of great import. And the 4 releases were indeed true ramperoonie drivel. The shares responded heading up to 0.9p to buy so guess what happened next?
Published 832 days ago
Just a quick podcast special looking at how companies lie and mislead investors via RNS and also RNS Reach. The latter & its true (lack of) import is explained. Case studies Blur, Optimal Payments, Quindell (natch) and Outsourcery
Published 857 days ago
I have finally made it to the Greek Hovel but have faced a few logistics issues. But i am now online and cracking on and so BearCast is back and normal service resumes tomorrow. In today's podcast I cover Globo, Outsourcery, Quindell, African Minerals, what is an RNS Reach and a liquidity event.
Published 924 days ago
Avanti Communications (AVN) is a Bulletin Board darling which spews out more than its fair share of Red flag warnings. Its obsession with its share price is understandable given that it needs to get away yet another equity fundraising within 12 months. And hence I draw your attention to a release issued on Friday.