Hello, Share Plumpers. Generally, I’m uncomfortable with companies that use initials and numbers in their brand names. My old-fashioned prejudice is that the founders may lack imagination and miss the trick of having a catchy name that people remember. But this jaundiced view probably means I miss out on some interesting opportunities...

I stress that as far as I know Adam Reynolds has nothing whatsoever to do with AIM-listed jam-tomorrow IoT Investment Company Tern (TERN) but it seems that Tern has borrowed his keyboard to offer up this morning’s portfolio update – where there are no meaningful numbers. More to the point, there is still no comment on the apparent $10 million fundraise by its principal investee, Device Authority (DA), which suggests to me that the whole story was utter poppycock and the market should have told so. But instead, Tern got a placing away – for the second time in its history. However, the few numbers offered are truly alarming.

I start with an interruption from a tinker, a real one. I know what scrap iron is worth you cannot fool me mate! Then explaining to a moron why I am not in an insider dealing ring with Brokerman Dan. Then it is onto Kier (KIE), more on Big Dish (DISH) where the whole board MUST be reconstituted and finally a long section on Gear4Music (G4M).

Musical instruments and equipment online retailer Gear4music (G4M) has announced results for its half year ended 30th September 2019, emphasising “we have delivered on our stated priority of materially improving gross margins” yet “revenue increased by £6.9m (16%) during the period to £49.4m” and “we are confident ahead of our peak trading period that the group is well-placed to deliver EBITDA for the full year in line with the board's expectations”. The shares have though currently responded to around 215p – more than 10% lower!...

The Evening Standard has got hold of a shocking memo from the Financial Conduct Authority's chief operating officer Georgina Philippou in which she said she was “appalled about the incidents of bad behaviour towards our building and colleagues.” It gets better...

Is the, until today, CEO of Big Dish (DISH) Sanj Naha a liar? The articles we have run on this website over the past few months show that statements were issued by RNS in his name, notably on May 30 2019, that were lies. But did he act alone or is the whole board complicit?

An “AVC Immedia establishes itself in the USA” announcement from Immedia Group (IME) – the AVC division of the group becoming an established player in the massive US market? Er…

Yesterday Waseem Shakoor’s top six stocks from the AIM Cesspit which he thought set to crash were revealed HERE. That seems to have annoyed a fair few folks on the Bulletin Boards so, on that basis, I thought I’d offer my top ten stocks to crash. In no particular order:

Updating on KEFI Minerals (KEFI) towards the end of last week we noted the shares soaring back above 1p as it was Government arrangements resolved, Tulu Kapi project development looks ahoy. It is thus not surprising that the company “has received notice from its existing working capital providers to convert the remaining outstanding amount of £657,500 under the loan note issued on 5 August 2019 into new KEFI ordinary shares… at a price 0.68 pence per share”. However…

Hello, Share Trappers. You may recall my weekend ramblings when I suggested that supporting some medical pioneers might be worth considering. One reason is that rewards, when they come, are spectacular. Though it must be observed in the same breath that setbacks can be catastrophic. Just like mining shares, the failures seem to come faster than the successes. So anyone who doesn't like too much risk should look away now...

Bet against the great Northern Bear Waseem Shakoor at your peril. He is invariably right and his ability to spot frauds and overpromotes is uncanny. So I asked the great man what he considered the five most overvalued stocks on the AIM casino. With an answer that will make him even more reviled on the Bulletin Boards, Waseem said:

In today's podcast I consider the view that the Tories are certain to win thanks to the partial withdrawal from the General Election fray of the Brexit Party. I look at Brady (BRY), Sirius (SXX), Infrastrata (INFA), Iconic (ICON), Tissue Regenix (TRX), Mereo Pharma (MPH) and Eco Animal Healthcare (EAH) which might just offer some value now.

Previously writing on events equipment and management services group Arena Events (ARE), I noted I previously warned with the shares around 40p early this year and clear reasons for current concern – including asking a change of financing strategy ahoy?. Now…

AIM dog Brady (BRY) will shortly be taken over by PE firm Hanover at 10p a share. If the deal is not supported by shareholders the company will go bust. I have already twice written to the FCA and AIM Regulation demanding that they investigate how Brady and its Nomad Cenkos mislead investors. Today the scale of that deception has become clear.

Last month I noted on Tissue Regenix (TRX), the nightmare continues for Neil Woodford investors! – that with the company updating “revenue for 2019 will be below current market consensus by approximately 15% to 20%, with a corresponding reduction in margin impacting EBITDA” and I noting the recent results showed it heavily loss-making with net cash down to £4.3 million and near the top of the shareholders list was Woodford Investment Management (before stock transfer as it goes to toast – the latest notification showing Link Fund Solutions with 19.98%)! Now “Update in relation to loan facility”…

So there is a Plan B right? Well sort of. But it changes nothing at Sirius Minerals (SXX). It is still almost certainly a total wipeout for shareholders whatever the company says about an update on its “strategic review.”

Unless a company is going bust, there is a point in most sells or shorts where even the sceptic has to admit that everything is priced in. Typically this happens when a company comes out with an update which is far from tremendous but the shares go up. Which brings us to Dignity (DTY), the funeral provider which I last wrote on in July – observing 'I seem to recall being hassled at the ten quid level by people convinced of value here. Dignity is not going bust but it is a changing world in the space. I am still avoiding it'. Today's update had its good and less good aspects…

For some reason, Britain’s most disgraced fund manager held this AIM dog in his Equity Income Fund though the chances of it paying a dividend made my chances of getting lucky with Cheryl Cole look like a nailed down sure fire certainty.  Today there is another body blow, clinical failure, but the real issue, if you do the maths, is looming insolvency.

The only way central banks can keep markets from selling off is blow an even bigger bubble which will make the eventual bust worse and by artificially extending the cycle they exacerbate zombie companies & junk rated debt & promote further financial imbalances. The Federal Reserve makes it easy for the politicians because they don't have to make any of the hard political choices because the Fed is keeping rates artificially low...