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GOTCHA: Technology Minerals confirms death spiral scoop, lies repeatedly and announces a new spiral
Yesterday I reported that disgraced death spiral provider CLG Capital had only provided £600,000 of the first £1 million of a £5 million facility. Telegram group gerbils claimed I was making it up. Guess what? Today my story was confirmed and it shows Technology both lied to investors and broke stockmarket rules on timely disclosure of price sensitive information and lied to investors. And today it lies again..- By Tom Winnifrith |
- 21 March 2024, 08:33 |
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EnSilica – “pleased to announce” appointment of another broker. I wonder why…
Semiconductor circuits company EnSilica (ENSI) has announced that it “is pleased to announce the appointment of Singer Capital Markets as Joint Broker with immediate effect. Allenby Capital remains as the company's Nominated Adviser and Joint Broker”. Why might it now be “pleased to announce” this, but the current market reaction be a 5.5% share price fall towards 60p?- By Steve Moore |
- 20 March 2024, 15:50 |
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Tom Winnifrith Bearcast: Oh no more emails from Kefi jihadists
In today's bearcast I discuss politicians picking business winners, referencing the Reneuron (RENE) scandal, Kefi Gold & Copper (KEFI), Versarien (VRS), Ben's Creek (BEN), BSF Enterprises (BSFA), Hummingbird Resources (HUM), GRIT and in detail Big Dave Lenigas and Pennpetro (PPP).- By Tom Winnifrith |
- 20 March 2024, 15:27 |
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£15m of taxpayer cash disgracefully spunked as Neil Wooodford backed AIM wonderstock Reneuron finally goes bust
It was back in 2016 that I first flagged up the disgraceful way that Mark Drakeford’s Welsh Government was spunking vast amounts of taxpayers cash in bribing AIM dog Reneuron (RENE) to move its operations from Surrey to the rain sodden post industrial land of sheep molestation.- By Tom Winnifrith |
- 20 March 2024, 14:12 |
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Eurocell – 2023 results, emphasises longer-term potential but what about the current outlook?…
Previously writing on window, door and roofline PVC products company Eurocell (ECEL), in September with the shares falling from 112.5p towards 100p on the back of half-year results I concluded that the prevailing trading outlook with already net debt suggested avoid/sell. The shares most recently closed at 114.5p and what about them currently down towards 110p on a 2023 results announcement headlined “Profits in line with expectations; strong cash flow”?
- By Steve Moore |
- 20 March 2024, 13:40 |
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As safe as houses: latest data from the ONS suggests otherwise
There will be folks who insist that there is no safer investment bet than housing. Really? Maybe you want to check out the latest data from the ONS out today.- By Tom Winnifrith |
- 20 March 2024, 13:24 |
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Union Jack Oil: does it regret the share price support operation, oops I meant share buyback?
Between October 2022 and the end of June 2023 Union Jack Oil (UJO), run by the journalist trolling David Bramhill, engaged in a much vaunted share buyback programme. By the end of that period, it boasted that, after the purchase of 100,000 shares at 32.25p it then held 6,300,000 shares in Treasury.- By Tom Winnifrith, the Sheriff of AIM |
- 20 March 2024, 11:22 |
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FDM Group – full-year results emphasise “agile business model”… then deliver a significant profit warning!
Previously on IT consultants provider FDM Group (FDM), in November with the shares down to 390p I wrote “trading statement”, why does it not provide any financial guidance of ‘lower than anticipated’ assigned consultants impact I wonder?!, concluding still avoid/sell. The shares most recently closed at 390.5p, but what of them currently down to 348p on the back of the group’s calendar year 2023 results announcement?
- By Steve Moore |
- 20 March 2024, 11:10 |
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Versarien: After the pump and obviously with no forward selling and insider dealing yesterday….
When will folks learn? Yesterday some gerbils were paying more than 0.25p for worthless shares in Verarien (VRS) before, mysteriously there was an afternoon sell off. A Brazilian deal that will not move the dials on ongoing cashburn by more than a smidgeon. The sale, at a vast loss, of joke Korean assets to give a few more months cash to spunk. Pump, pump, pump. The gerbils loved it. That will show old TW@ what a Great British company this is, they chanted. But after the pump and that mysterious afternoon selloff, a coincidence ‘natch…- By Tom Winnifrith |
- 20 March 2024, 09:55 |
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OptiBiotix Health – another SkinBioTherapeutics shares sale, but not a panicked sale at a low: STRONG BUY
It has just been announced that the OptiBiotix Health (OPTI) shareholding in SkinBioTherapeutics (SBTX) has been reduced to 24,940,639 – representing a move from a 13.52% interest to 12.94%. With the share price of SkinBioTherapeutics down from above 15p at the start of 2024 to now below 8p, is this a panicked sale at a low-point? We understand NOT!- By Tom Winnifrith & Steve Moore |
- 20 March 2024, 08:27 |
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KERBOOM: Technology Minerals: Has death spiral provider CLG defaulted? Is the market now false & disorderly?
A source close to the action has been in contact and she says that disgraced death spiral provider CLG Capital run by Charles Ofori has been unable to hand over the first £1 million of a £5 million facility offered to Technology Minerals (TM1) and, in fact, with only around £600,000 passed on the facility has been terminated. It gets much worse on three counts and, if my source is correct, the shares should be suspended PDQ.- By Tom Winnifrith |
- 20 March 2024, 08:17 |
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Quadrise – another discounted fundraising, states for “working capital” but means for ongoing losses!
Describing itself as a “supplier of innovative energy solutions for a cleaner planet”, Quadrise (QED) states that it “is pleased to announce the successful results of the placing and subscription announced on 18 March 2024 and to confirm the launch of the open offer”. How ‘pleasing’ is this?, with the current market response being the shares more than 16% lower at 1.245p.- By Steve Moore |
- 19 March 2024, 15:53 |
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Tom Winnifrith Bearcast: shorting #PlanetFitness, #Gowokegobroke
I discuss madness at Planet Fitness, Crest Nicholson (CRST) and the housebuilders, Ben's Creek (BEN), 10p to 100p next stop 0p, Scirocco Energy (SCIR) , Argo Blockchain (ARB) and Manolete (MANO)- By Tom Winnifrith |
- 19 March 2024, 14:44 |
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Scirocco Energy – Rebel EGM Succeeds
AIM-listed Scirocco Energy (SCIR) has announced that a rebel EGM has succeeded in forcing the company to return whatever remaining value there is to shareholders. This, in the wake of a scheme to move from gas exploration into renewables failed in spectacular fashion, a scheme I was less than convinced about all along.- By Nigel Somerville |
- 19 March 2024, 14:41 |
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Gfinity – shares soar on interims announcement, but is it really now “well positioned”?
Previously writing on Gfinity (GFIN), with the shares down to 0.06p in November I questioned how ‘significantly’ a disposal improved its financial position. The shares had since fallen further, to most recently 0.0325p, but what about them currently back above 0.05p on results for the company’s half-year ended 31st December 2023?
- By Steve Moore |
- 19 March 2024, 13:19 |
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Tern – will it forced to dump Wyld shares due to its borrowing facility arrangement?
In his article HERE around a week ago Nigel Somerville posed the question Tern (TERN) is Another Shoe About To Drop At Wyld As Investors Await Dire Results And Yet Another Cash Crisis?”- By Tom Winnifrith, the Sheriff of AIM |
- 19 March 2024, 12:37 |
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Diversified Energy what an ongoing £410m mess, ouzo for we perma bears, stay short as this could go all the way to zero
On 15 February Diversified Energy (DEC) announced that shareholders could enjoy a tender offer as an alternative to a dividend. Today, citing regulatory differences in the US and UK, that scheme has been scrapped. It is almost as if, faced with bear dossiers and a tanking share price, it is making it up as it goes along.- By Tom Winnifrith, the Sheriff of AIM |
- 19 March 2024, 12:28 |
Video: An Empty Planet – The Shock of Global Fertility Decline
The threat to humanity is not the world having too many folks but too few. Darrell Bricker, the CEO of Ipsos Public Affairs and co-author of “Empty Planet: The Shock of Global Population Decline,” says that fertility rates are dropping, leading to accelerated population declines since 2016-2017, even earlier than anticipated in China. This trend has significant consequences for economies that rely on people for growth and labour.- By Tom Winnifrith |
- 19 March 2024, 11:47 |
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Shanta Gold – increased “final offer”, still looks too low but currently seems likely to be enough to succeed
Previously on Shanta Gold (SHG), at the end of last month I wrote late “adjournment” of Meetings to approve offer, why not providing what the shareholders “feedback” was? – suggesting that the “feedback” was opposition to, and votes against, the offer agreement. So what about today a “RECOMMENDED INCREASED AND FINAL OFFER”-titled announcement?- By Steve Moore |
- 19 March 2024, 11:24 |
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Four Questions for Manolete: Let’s start in the High Court
Manolete (MANO) shares were 515p when I first published a red flag dossier. Today shares in the Pound Shop version of Burford are just 120p and falling. I have three questions but let’s start in the High Court.- By Tom Winnifrith |
- 19 March 2024, 10:40 |