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Insig AI – “equity funding facility” agreement, though forget it enabling meaningful “investment into sales and marketing”?
“Data science and machine learning” company Insig AI (INSG) has announced “a £250,000 equity funding facility with Richard Bernstein, Executive Chairman”. Such an amount tends to mean it was cash crunch ahoy though, so what about the balance sheet and the shares currently at 17.5p in response?- By Steve Moore |
- 4 April 2024, 11:38 |
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The curse of Swanny strikes again, bucket shop placing at Genflow, the company created by a penny share fraudster
Q. How do you create a small fortune? A. Start with a big one and invest in the worst shitcos on AIM and the Standard List. Yes, the curse of Jonathan Swann, highlighted many times on this website, strikes again. On March 21 he acquired a 3% stake in Genflow Biosciences (GENF) a company created by convicted penny share fraudster Ron Bauer in Delaware and whose CEO Eric Leire is also a colourful chap as I revealed here.- By Tom Winnifrith |
- 4 April 2024, 10:49 |
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Skinbiotherapeutics – time to address the placing rumour
I was aware of no reason for shares in Skinbiotherapeutics (SBTX) spiked to 13.5p last week. I assumed it was some sort of dump ahead of a you know what. Well, with the shares coming all the way back, the rumour is that bearded loon Stuart Ashman is trying to do a placing: 10p vicar? The aim?- By Tom Winnifrith |
- 4 April 2024, 09:28 |
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An end-Q1 tips of the year update
Following tips of the year success last year, I repeated the selection strategy this year. Last month I reviewed them after further significant share price movement and where are we now just after the end of the first quarter?
- By Steve Moore |
- 4 April 2024, 09:15 |
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Calnex Solutions – “broadly in line with” (i.e. a bit behind) expectations… which it dare not mention were already massively reduced!
Describing itself as “a leading provider of test and measurement solutions for the global telecommunications and cloud computing markets”, Calnex Solutions (CLX) has issued a trading update with founder CEO Tommy Cook emphasising “in the face of a challenging telecoms market we have successfully adjusted the focus of our engineering programmes towards the markets showing the most resilience and opportunity”. So what of a share price currently down to 57p in response?- By Steve Moore |
- 3 April 2024, 16:05 |
Video: Will Gold & Silver Prices Soar in a 2008-Style Economic Collapse?
Financier Keith Weiner is a cheery fellow.- By Tom Winnifrith |
- 3 April 2024, 15:40 |
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Tom Winnifrith Bearcast: Any company even suspected of round tripping is just not investable
In today's bearcast I start with three birthdays, odd ideological bedfellows, then turn to TrakM8 (TRAK), Red Rock Resources (RRR), Peel Hunt (PEEL) and Cavendish Financial (CAV) and finally Itaconix (ITX) which could halve and still not be cheap.- By Tom Winnifrith |
- 3 April 2024, 15:27 |
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Topps Tiles – “First Half Trading Update” is a profit warning that dare not speak its name…
Previously writing on Topps Tiles (TPT), which describes itself as “the UK's leading tile specialist”, with the shares down to 46.8p in January I concluded that a reliance on improving market conditions and full-year pre-tax profit forecasts of £11.5 million+ looked challenging. With the shares most recently closing at 44p, what of now a “First Half Trading Update”?
- By Steve Moore |
- 3 April 2024, 13:47 |
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Trakm8 Holdings: The Pig, The Pork and the debt at credit card rates
TrakM8 (TRAK) has reassured investors that the insurance issues which prompted its lack of profits warning for the year just ended have been resolved so it is now on track for a much better year. But it is helped in that respect by a new contract extension which my pal Evil Knievil would undoubtedly term “The pig and the pork.”- By Tom Winnifrith |
- 3 April 2024, 13:33 |
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Who Is Behind The Gold Buying ?
The rally in the gold price has left me non-plussed ... who is behind it and why ? Rather like an Agatha Christie murder-mystery novel, with evidence thin, the culprit or cause may be deduced by excluding what it is not ... and what remains, is.- By Ross Norman of Metals Daily |
- 3 April 2024, 13:29 |
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Tom Winnifrith Bonus Bearcast: Fundamental analysis just does not matter any more and it is wrong to short Trump Media as a result. Discuss
Those are not my views but Lucian sends me an article from Bloomberg making that case which you can see below. I discuss both aspects of it in full after a very brief birthday movie quiz.- By Tom Winnifrith |
- 3 April 2024, 12:30 |
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Shearwater – “FY24 Trading Update” is a material lack-of-profit warning after the year-end!
A “FY24 Trading Update” announcement from “cybersecurity, advisory and managed security services group” Shearwater (SWG) concludes with “it is important to note that nearly half of the Shearwater market valuation is represented by the £5 million of cash announced today. This attributes precious little value for what is a profitable company with a solid market position and growth opportunities, and one in which the board continues to see growth potential as we strive to improve returns”. However, emphasising such tends to mean its current ‘returns’ aren’t good and what of the shares currently more than 12% lower on the day at 43.5p?- By Steve Moore |
- 3 April 2024, 11:09 |
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Letter to Roland “Fatty” Cornish: how can you allow this social media outrage and AIM Rule Breaking at Red Rock?
Companies on the AIM sewer are meant to disclose price sensitive information via an RNS verified by a Nomad as being true. It is for that reason that they cannot make wild claims not verified by a Nomad via social media. Yet Red Rock Resources (RRR), where I am a shareholder, and its paid consultant Mr. David Lenigas did just that yesterday as flagged up HERE. I have written to London’s worst Nomad, Roland “fatty” Cornish to ask if he has verified these tweets or he considers AIM Rules do not apply to his clients.- By Tom Winnifrith, the Sheriff of AIM |
- 3 April 2024, 08:02 |
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DISGRACE: Advanced Oncotherapy – Beyond A Joke As AIM Continues To Break Its Own Rules
Aim-listed Advanced Oncotherapy (AVO) should have been sent for a one-way trip to the AIM Executioner at the end of December. Yet first in January, then in February, and now at the beginning of April, AIM has broken its own rules in not enforcing that outcome. What is the point of rules?- By Nigel Somerville, the Deputy Sheriff of AIM |
- 3 April 2024, 08:02 |
The Bearcast feed is acting up, sorry about that
People who use their private feed to listen to Bearcast on their phones or computers may be having some issues with downloading the latest episodes. I'm not quite sure what is happening, but I think it is limited to Apple podcast players. That is, if you use an Android phone or use a podcast player that is made by someone other than Apple, you should not have come across any problems. Listening to Bearcast on the website is unaffected.- By Darren Atwater |
- 3 April 2024, 08:00 |
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Shameless David Lenigas: his second most ramptastic tweet in history
A couple of weeks ago the shameless penny dreadful promoter David Lenigas claimed that shares in the company he funded, Vinanz (BTC), were going "to infinity". Today's tweet on behalf of Red Rock Resources (RRR) where he is a paid consultant is only marginally less ramptastic. Could such claims really be signed of in an RNS?- By Tom Winnifrith |
- 2 April 2024, 15:54 |
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Zenova – director “pivotal” in its products development leaves “with immediate effect”. Uh oh!…
Many thanks to a reader who draws my attention to a latest announcement from Zenova Group (ZED) which argues, with the shares then at around 2.2p, “Board Changes” with the group now at a “successful inflection point”. Er, is it though?- By Steve Moore |
- 2 April 2024, 15:52 |
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Tom Winnifrith Bearcast: this RedX news is a total disaster for the AIM Casino, preparing to meet Olaf's b/f after a year
In today's bearcast i start with looming birthday's and also getting to meet "The Trainspotter", Olaf's boyfriend after almost a year of being kept away from him. Any father's have any words of advice on what to say? Then I look at RedX Pharma (REDX), Belluscura (BELL), Superdry (SDRY), TekCapital (TEK), Argo BlockChain (ARB), Celadon Pharma (CEL) and its FemiNazi PR bird, Zephyr Energy (ZPHR) - watch out Reverend Weight - Horizonte Minerals (HZM), Revolution Bars (RBG) and Tectonic Gold (TTAU).- By Tom Winnifrith |
- 2 April 2024, 15:23 |
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UK Oil & Gas annual report – the warning is explicit!
Perma dog UK Oil & Gas (UKOG) starts its annual report thus: "UK Oil & Gas Plc aims to build a sustainable oil and gas production base that can help deliver its new UK hydrogen storage business as part of the UK's transition to Net Zero and which will act as a springboard to further worldwide growth opportunities in the hydrogen space." I aim to shag Cheryl Cole in an environmentally friendly way. Like UK, my aim has been constant for 11 years. My delivery to date, pitiful. Today’s annual report is dire.- By Tom Winnifrith, the Sheriff of AIM |
- 2 April 2024, 14:05 |
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Itaconix – “unable to reach satisfactory commercial terms with one of its major existing merchandizing customers”. Uh oh!…
Describing itself as “a leading innovator in sustainable plant-based polymers used to decarbonize everyday consumer products”, Itaconix (ITX) has issued a “Trading Statement” announcement commencing that “following extensive negotiation, it has been unable to reach satisfactory commercial terms with one of its major existing merchandizing customers in North America for supply in 2024”, though emphasising that “enhancing our revenue structure and increasing gross profit margins, while impacting our near-term revenue streams, pave the way for our next stage of growth”. So what about this currently seeing the shares more than 25% lower to below 200p?- By Steve Moore |
- 2 April 2024, 13:39 |