Tom Winnifrith: The Top short sellers, bears and fraudbusters all together on April 1 - don't miss out
Published 6 days ago
AIM-listed Servision (SEV) still looks to be a story too good to be true. With the company scraping by on boardroom emergency loans and running out of cash, along comes Cascade which agrees to pump in boat-loads of cash at more than 400% of the prevailing share price. We have been told that the first tranche of shares has now been issued (and, indeed, admitted to trading on the Casino), and the cash received. But we’ve not had a TR-1. And why is the company’s AIM Rule 26 major shareholdings web-page almost a year out of date?
Published 16 days ago
A brief line in an announcement by Crown Ocean has caught my eye in the latest twist in the battle to remove the useless board of AIM-listed Bowleven (BLVN). The board’s supposedly flagship farm-out transaction, with which CEO Kevin Hart expressed pleasure, seems to me have placed a maximum valuation of around $25 million on the company’s $100 million spent on Bomono. But I wonder whether major institution Artemis has sold out of the 14 million shares the market was told it held on Monday. If so, where is the TR-1, and did Artemis vote the shares against the board ahead of selling them to Crown Ocean?
Published 79 days ago
This morning at 9.30am AIM-listed Sterling Energy (SEY) issued a "Delayed Notifications of Major Interest in Shares" RNS. The apology is commendable, but this relates to two TR-1 notifications received by the company but not passed on to the market for almost 9 months.
Published 114 days ago
Oh dear oh dear. First of all we get the ‘fessing up RNS from AIM-listed CloudTag (CTAG) that Corvus Capital sold out more than two years ago but the market was not told until today. Then another overdue notification hits the wire. Tut tut.
Published 179 days ago
AIM-listed Texas-based oil explorer and monster cash-burner Frontera Resources (FRR) yesterday released another ramptastic RNS. The shares stormed ahead by 29% on the day, with the rise getting going at about 11am. No doubt someone just got very lucky, as an RNS didn't come out until 3.35pm.
Published 219 days ago
This is most odd. AIM-listed Cloudcall (CALL) has released a Holding(s) in Company RNS (HERE) which appears at the same time to refer to future and to rather overdue past transactions.
Published 299 days ago
On Thursday of last week AIM-listed investment company Tern (TERN) announced the acquisition of Flexiant Limited. It looks a bit of a complex deal, but the question in my mind is what Tern has actually bought? And since Tern already has a holding in the parent company of Flexiant, how does it leave that looking?
Published 314 days ago
I’m a bit confused: how can you sell down your holding and at the same time increase your % interest all at the same time? Well, I guess that’s pretty complicated stuff and best left to the professionals.
Published 320 days ago
AIM-listed ValiRx (VAL) operates in the biotech space, developing cancer drugs. I’ve been pretty beastly in previous pieces (see HERE) but I am pleased to note that the company has seen fit to address the questions asked over Companies House filings. As pointed out HERE they were indeed wrong and they have now been corrected. Good news. My hope is that the questions over the Bracknor funding deal will now be addressed.
Published 372 days ago
This morning saw a most interesting “Holding(s) in Company” RNS from Red Flag strewn ShareProphets AIM-China Filthy Forty play GTS Chemical. Now perhaps all is completely above board and we are looking at an unfortunate coincidence. Or perhaps the company has just announced that its CEO has been offloading shares. A clarification is surely needed.
Published 421 days ago
Andrew “piggy” Austin, the former CEO of AIM-listed Igas (IGAS) and head honcho of newly listed RockRose Energy (RRE) has submitted an interesting TR-1 which was released by Igas yesterday afternoon. It raises a number of questions, not least of which is whether it was erroneous. Surely the Equities First Holdings LLP (EFH) saga is not taking yet another twist, is it?
Published 431 days ago
Just three weeks ago, during the no-one-is-watching fortnight of Christmas and New Year, ShareProphets AIM-China Filthy Forty play China New Energy (CNEL) completed a keep-the-lights-on placing in what I wondered was the fastest pump and dump in history. It was, in my view, a disgraceful affair: announce what appears to be a significant contract to send the shares rocketing higher (it did) and then 39 minutes later announce a massively discounted placing into the rise. The grateful company brought in some meter money (just £200,000 before expenses) but the new shares issued represented 3.28% of the enlarged capital. Surely that is a notifiable holding?
Published 460 days ago
Holders of AIM-listed UK Oil and Gas (UKOG) have had a fair old ride since the company emerged from the wreckage of its former existence as Sarantel Group plc. The restructuring at the end of 2013 saw the immediate injection of £150,000 of new money brought in to the company in return for 82% of the equity. So who paid what? Step forward David Lenigas and Donald Strang.
Published 645 days ago
Just before the close, Sefton Resources (SER) announced that Daniel Levi and market abuser Chris Oil had bought back into the company. This has provoked a furious reaction and it will be very interesting to see how the market responds today. After the first time Mr Levi “saved” Sefton, the company’s share price went up nearly seven times, to an eye-watering 0.39p. Oblivious to the fact that Mr Levi failed to deliver his operational promises and sold a massive chunk of his stock near the unsustainable and over-promoted top, Seftonologists still saw good value in this cash shell with little cash, no assets and an £11.3million market cap. Will this bunch fall for the shenanigans again or will it finally learn its lesson and pay heed to the obvious toxic danger signals now slapped all over this stock?