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Latest News

VRS
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Versarien says turnaround on track, if so then so too is my plan to shag Cheryl Cole

At a GM called to authorise the issuance of lorry loads more worthless shares, the chairperson of Versarien (VRS) claims its turnaround is on track. Bollocks. Chairperson Dianne Savory has yet to apologise for not stopping a culture where, egged on by the ex-CEO, shareholders discussed having me killed and plotting to get my wife sacked so is someone not fit to chair a public company. Worse still, her claims are utterly delusional.
APTA

Aptamer – “further funding will be required in the short term in order to continue as a going concern”. Hopefully my prior warnings were heeded!

Previously on self-described “novel Optimer binders to enable innovation in the life sciences industry” group Aptamer (APTA), last month, with the shares around 20p, I wrote a formal reminder of the caution that should be applied to (ramptastic) RNS Reach announcements. Today a “Trading Update”… and the shares currently heading towards 4p!

SBRY
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You can do a lot worse than buying a few shares in my favourite supermarket, J Sainsbury

J Sainsbury (SBRY) probably gets over 90% of the weekly family food shop at my house, which I guess naturally makes me a bit of a fan. However, I do not own any shares in the company but, despite this, it is essential to be all over its trading update today, given the insights any supermarket can give about inflation and the cost-of-living crisis.
Clown

The bogus £69 million fortune of Dragon Piers Linney – the story of Moblox Ltd

The BBC’s fave pin up Dragon Piers Linney with his faux working-class background is according to the Daily Mail a man with the Midas touch and worth £69 million. Following the collapse into bankruptcy of his flagship Outsoucery (OUT) firm I suggested that this was bunkum HERE. But what, you say, of his newer ventures? What Indeed.
YGEN
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Yourgene takeover by Novacyt, is it done & dusted? Growing anger at the big winner CEO Lynn Rees

On the surface of it a 0.55p share bid for Yourgene (YGEN) by Novacyt (NCYT) looks like a mercy killing, a good result in bad circumstances and a deal that should be done and dusted. But is it?
CINE
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BREAKING: Another FCA Fail - why isn't Cineworld suspended for not publishing its accounts?

I see that there are plenty of AIM suspensions for non-publication of accounts this morning, however the FCA has ignored the one main-market company that hasn’t published its accounts and for which it is responsible.
WG
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The start of the second half of the year…and I like my shares in Wood Group and Mondi (among others)

Correct me if I am wrong, but I believe there is a reason why the US market is starting a bit quietly this week. Actually, a few people have been a bit busy elsewhere as today is the first working day of the second half of 2023. It has been a far from boring first six months of the year, and I am sure everyone has a view about how the second half of the year will play out. I could waffle on for ages about this, but we will all learn much more via the corporate earnings season from mid-July onwards and I noticed two FTSE 350 insights of interesting this morning.
Bearcast
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Tom Winnifrith Bearcast: if Piers Linney is worth £69m I am a banana

I question the net wealth claimed by two former Dragons in the Mail on Sunday. Linney's claim is a joke following the demise of Outsourcery (OUT) as is that of Sarah Willingham of Nightcap (NGHT) which I look at after its latest crap acquisition and lack of profits warning. Then it is onto Wandisco (WAND) and the proposed bailout at just 50p, to Eurasia (EUA) where nothing at all adds up. Then onto today's ouzo moment, the suspension of Eight Capital Partners (ECP), the insolvent fraud Supply@ME Capital (SYME) and Canadian Overseas (COPL) whose shareholders' reactions to my latest piece show themselves to be as unpleasant as they are stupid. When Canadian, already 90% down since my first big bear call, heads towards 0p as it will inevitably do I will have no sympathy at all.

SND
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Sondrel – “milestone completion”, what of the recent share price recovery?

Semiconductor company Sondrel (SND) “is pleased to announce that it has successfully completed the second key milestone in respect of the material turnkey Application Specific Integrated Circuit engagement for a Tier 1 OEM Automotive customer”. What of this and a continued share price recovery to now above 65p?
SYME
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BREAKING: Supply@Me Capital – proof of its technical insolvency as of 30 June 2023 in its hidden prospectus

Having got shares in its bastard little brother Eight Capital Partners (ECP) suspended this morning it is time to turn to the fraud Supply@ME Capital (SYME) whose shares should also be suspended, in this case, pending clarification of its financial position. It may be capitalised at £79 million at 0.129p but technically it is bust.

COPL
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Canadian Overseas – confirmation largest death spiral bond holder is converting and selling shares at a loss & there's much more to come

Oh dear, oh dear, the really bad news is that even after its most recent bout of forward selling and bond conversion, Anavio Equity Capital Markets Master Fund Limited still owns 50 units of 2027 Bonds and 58 units of 2028 Bonds, convertible on their terms, in the aggregate, into 264,381,840 Common Shares, representing approximately 27.1% of the issued and outstanding Common Shares, and 104,608,558 Warrants, representing approximately 10.7% of the issued and outstanding Common Shares on a fully-diluted basis. It owns no shares. But...
VRCI
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Verici Dx – emphasises Clarava study “validation”, but what of the ‘cash runway’?

Clinical diagnostics for organ transplant company Verici Dx (VRCI) has issued a “Successful clinical validation of Clarava”-titled announcement, and what of the shares currently approaching 15% higher at 13.5p, a £23 million market cap, in response?
VAST
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Vast Resources misses debt repayment deadline – at best confetti blizzard ahead

The $8.4 million Vast Resources (VAST) owes to A&T Investments SARL and Mercuria Energy Trading SA was going to be repaid before the (extended) 30th June deadline by selling the diamonds still locked up in the Central bank of Zimbabwe. But….
SYME
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Supply@ME Capital – a transaction on which it will make just £54,000 (at most) over 3years is not worth £4 million!

The fraud Supply@ME Capital (SYME) is technically insolvent yet its shares are today up by 5% to 0.134, adding £4 million to its market cap – taking it to £82 million which is pretty full for a company that is bust – on news that it has completed a transaction which in the best case scenario will net it £54,000 revenue and probably no profit at all over 3 years.
Malcolm-Sax-Machine

Half a Dozen Top Tips to Make Mazuma in a Summer Footsie Cold Climate

Hello Share Searchers. And still the vast majority of shares are stuck in a rut. Up a tiny bit one day, back to square one the next. Meanwhile the water behind the dam builds, and one day it will burst through. It urges me to expect a Santa rally to beat all Santa rallies. Meanwhile, here are more topical tips on how to play our great game.

Bearcast
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Tom Winnifrith Bearcast: Lets go for a quick death and vote Labour and I really am bored with gold

Nigel says that my boredom is a buy signal. But is it? Maybe it is right to be bored as something has changed. After that a bit on house prices and why I don't see a mega crash but would not buy housebuilders as Malcolm suggests I do. Finally, why not go for a quick death rather than a slow one and vote Labour? Oh, and I remind you why I may not be at liberty to bearcast on Tuesday. CORRECTION: Fellow Hammer J Price points out that Rice will be on £15 million a year not a week as I said in the podcast..
Gold
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The View From The Montana Log-Cabin As Gold Still Resists Drop

Gold closed the week at $1920 – bang on last week’s number. Has it bottomed out? Who knows……but nobody cares anyway (which students of Benjamin Graham will know suggests upside: if nobody is interested, there are no sellers left.)
Warwick_School

How a bulletin board moron tweets about historic sex abuse at Warwick School

Naming a paedophile teacher who used to abuse boys at Warwick School yesterday HERE is already paying dividends, a 5th victim has today contacted me and will be speaking to Warwick fuzz next week. I bet there are stacks more victims out there, now that the name is out there and with Warwick having finally 'fessed last week to having had an abuse problem and apologised, this is only the beginning and at some stage The Old Bill must act. But some folks who object to my exposes of stockmarket frauds interpret it another way, as you can see below.
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