UK 10:54 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This is an extra bearcast for today. The main one on UK Companies is to follow. This one covers the biggest lie told by shite companies on AIM, told today by Golden Saint Resources (GSR) but it is far from alone, the real crisis in big PLC crony capitalism, ref Macy's and many others, and also why I remain bearish on equities.
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Comments
Daniel Victor
Obviously a hungry bear :-]
Colin
Nice Bearcast, really appreciate you taking the time to do these!
Drunken Sailor
That is the most common lie on AIM not the biggest. Bigger lies are we have loads of cash in the bank when it is not there GBO and China frauds) or our revenues and profits are going through the roof because we have accrued it but are still burning cash like it is going out of fashion (QPP).
One former shitty little AIM investment company (TXO) got shareholder approval to issue more shares at an EGM held just 2 months before the AGM was due in order to “make investments” they then signed a death spiral with Bergen and said the funds would actually be used for working capital (keep the lights on and pay directors fees and related party transactions with directors other companies for “consultancy”). Because the shareprice was below nominal when Bergen did their first conversion, at nominal because it can’t be below, they were also issued with a load of fee shares. The AGM 2 months later allowed them to do a capital reorg and consolidation so they could continue the death spiral without the embarrassment of issuing a load more fee shares, half way through the year they had another EGM to approve issue of even more shares equivalent to two thirds of the enlarged share capital, the share price went back below nominal and a lot of those extra shares where issued as fee shares to Bergen who dumped them before converting the next tranche at an even lower price. Funnily enough Bergen managed to convert and dump its last tranche in the week before suspension due to Nomad giving 1 month’s notice of resignation. During that week there was a concerted market abuse campaign on BBs convincing people that a new Nomad was just about to be appointed and the shares would fly. FCA market abuse team were alerted and as usual did sweet FA.
Poohbear
What’s your view on Optibiotix in a stock market sell off? It has no revenues or earnings and there is a lot of blue sky in the market cap. Are you still a buyer? It’s a bit like those tech stocks you mentioned?
Tom Winnifrith
Pooh Bear
OPTI = strong b/s no need to raise cash which marks it out – am expecting big news v soon
T
Poohbear
Thanks for replying T. I am worried about the markets and the potential for AIM drift on no near term news. However, still long and strong