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.
Earlier today fat Aussie share ramper Big Dave Lenigas was pleased to publish news of his latest Lenigas Cuba (CUBA) business venture with Rushmans.
So how financially successfully is the Rushmans business that Big Dave is forming a joint venture with by paying £100,000 to Rushmans and then lending a further £40,000 to the joint venture to be repaid from future joint venture profits?
Based on the last financial statements filed at Companies House on 7 December 2015 it didn't create much value in its last financial year. It had a shareholders deficit or net liabilities of £651,820 as at 28 February 2015, up from deficit of £156,121 at the prior year end and according to the notes to its accounts it was reliant upon the support of its directors, creditors and bankers to remain a going concern.
No doubt the magic business touch of Jabba The Hutt will help it improve its financial performance.
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