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.
In this podcast special I look at Andalas (ADL), the lessons for folks and also the future if it has one and where should the shares go and where will they go. All the clowns are in there, flip flop Ben Turney, the Sith Lord Zak "Judas" Mir,, Dave "rule breaker" Whitby and of course the crown prince of clowns, Justin the Clown himself
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Comments
Duck and Dive
Your ADL placing intel was right on the money but the shafted BBMs still have to vote it through. Some of them are having wet dreams about a short squeeze.
Bearfacts
Sorry tale indeed!! I remember them when they were Clean Energy Brazil Plc and were involved with the ethanol industry, they made a placing of 2p in Oct 2013 just prior changing direction and name to Ceb Resources.
So today they have lost about 90% of their value matching the placing then to now, and considering they weren’t exactly a value investment back then this is a true value destruction.
My concern lies in two places, firstly on the bb they are clearly trying to start a short squeeze reminding me of the NEW mess, if that not market abuse ?
And then their is the question of the brokers and heir fees, how many of the clients buying in the placing were Discretionary or advisory taking into account the fees a/v to the brokers.
Surely if a broker is making an inflated 20% say is it not boardering on a conflict of duty to their clients. Mmmmm
All the best…..