Having fallen from approaching 24p at the commencement of last week towards 17p, there’s been a 12:35pm “Stmnt re Share Price Movement” announcement from CyanConnode (CYAN)…
Sosandar (SOS), the online women’s fashion retailer, has announced an update on trading. That is the bones. We have chatted to the company and can put some meat on those bones. The news is good. Very good.
Some brave journalists from the Former Soviet Union have produced a major dossier on Frontera Resources (FRI) which should give anyone dumb enough to be invested some major cause to question why. I have secured a translation of the work which I reproduce in full below.
Hello, Share Matchers. How’s this for a niche activity: refitting and tarting up superyachts. There can’t be many of them, surely? Wrong. There are more than 1,800 of these big boats. It's the billionaire’s favourite toy.
Yes I have spent much of the morning in conversation with folks in the City of my birth. I do have an Oxford degree - does Larry Cummins of Milestone (MSG)? The questions mount, the shares are tumbling - I explain whay happens next. I look at the latest bullshit from holocaust denying fraudsters MySquar (MYSQ), comment on the pointless ramp of boiler room dog Inspirit(INSP) on UK Oil & Gas (UKOG) and on Anglo African Oil (AAOG) and finally have a few words on a stock we own, Sosandar (SOS).
Time Out (TMO) “is pleased to announce that it has signed a conditional lease agreement for a new Time Out Market in Chicago”, with the group’s CEO Julio Bruno emphasising “we now have a roster of Time Out Market openings in some of the most exciting cities around the world and we are looking forward to them continuing the success story we started with Time Out Market Lisbon”. Hmmm…
British voters increasingly think Brexit is being mishandled. This doesn’t mean they’re turning their backs on the idea of abandoning the European Union just on Prime Minister Theresa May’s Conservative government.
Yesterday we accused key Milestone Group (MSG) player Larry Cummins of lying about his educational achievements. Cummins has told Align Research, a supporter and shareholder, that our article was not true. He has "denied" it. Align has thus urged Milestone to make a statement and has again urged it to comment on today's article about Adrian Towning. You can see the tweet from Align below. We urge Milestone to proceed with extreme caution on this matter...
Having previously noted the company responding to founder-seeking-to-return, Michael Ellis’ EGM requisition detail, Ellis has responded – and again hit out at the board of Van Elle Holdings (VANL)…
AIM-listed Filthy Forty play Aquatic Foods Group (AFG) has at last posted an RNS. Given that its FY16 accounts are overdue by almost 6 months, and its interims by heading for three, you would have thought we might have an update on that. But no: instead the resignation of Mircle Ching Chai Yap was announced. This chap has a spot of form….
In his expose yesterday, Cynical Bear raised several questions around the probity of Larry Cummins the CEO of Black Cactus Holdings group. I am sure that Milestone (MSG) is rushing to clarify whether this key player has a bogus CV. Perhaps while it is at it it might clarify something about another of the four key players at Black Cactus, Adrian Towning.
Sula Iron & Gold (SULA) appears to have done a transformative deal on Friday. I have asked Gary to have a butchers at what is now a cobalt play as I am too thick to understand it. I am a mere shareholder. Meanwhile its corporate website at http://www.sulaironandgold.com/ appears to have some er...issues. Im not sure this is fully compliant with AIM Rule 26. What do you think?
Some investors avoid companies which operate in Russia and the surrounding area, but I believe that they are missing out if they take this approach with Polymetal International (POLY). The FTSE-250 precious metals miner has operations in Russia, Kazakhstan and Armenia and ever since listing has been returning cash to investors via dividends, and from the current share price of around 849p, I can see plenty of scope for capital appreciation as well.
Hello, Share Wallowers. For the many who’ve sworn never to invest in the big four British banks again, I offer for your further consideration CYBG (CYBG). It’s a holding company for CYB Investments and the Clydesdale Bank.
Excuse the late Bearcast but my journey back from my father's in Shipston in the snow covered Cotswolds was long and eventful as I discuss in this podcast. In a valley on the Road between Stow and Cheltenham I took part in and saw the best of selfless Britishness, folks acting with a true Christmas spirit. And also the worst, in spades. The photos give some idea of the scene as I explain what went on. Normal service resumes tomorrow.
BOS Global (BOS) is teetering on the brink of insolvency while the company's founder Michael Travia also tries top oust current directors led by serial fuck-up merchant Adam Webb. I have now seen letters sent by those very close to the situation which act as a second source for me of the most damning allegations about Webb who should stand down at once and never be allowed to run a public company again.
Metal Tiger (MTR) has announced “encouraging early results of T3 underground project mining study” in Botswana and a Water & Environmental Monitoring Program in Thailand…
Further to yesterday’s piece on Milestone Group (MSG), it gets a bit more serious today as any Milestone shareholders should think very hard about whether they want to get into bed with Black Cactus and Larry Cummins as he looks like an A1 prize bull-shitter to me.
You may remember that the hand of God (i.e. hurricanes) derailed the artisanal gold mines in Honduras which were set to supply gold to the Black Sands gold trading operation of Wishbone Gold (WSBN). We now have an update.
AIM-listed Tern plc (TERN) seems to have a spot of explaining to do – or, more particularly, its CEO Al Sisto. I refer to the presentation on the website of US Capital Partners in relation to the (so far failed) attempted fundraise by Tern’s principal investee Device Authority.
Nigel Wray's family buys the UK Investor Show, confronting the new takeover code, five buy share tips (and three sells), plus what are they drinking in Scotland?
Another bad day at the office for Britain's most conceited fund manager Neil "nomates" Woodford. There is yet more bad news at Vernalis (VER) now 9p having collapsed again - Nomates has been a big cheerleader after all prior disasters saying Mr Market is wrong. Whatever. Then there is the issue of IP Group ( IPO). Elsewhere I takje another look at IDOX (IDOX) where I am even more bearish and then at Tungsten (TUNG) which looks all wrong. I also comment on Dialight (DIA) , The People's Operator (TPOP), On Line (ONL), Milestone Group (MSG) and a chat with Mark Slater on a pub company which is just the wrong price.
That Larry Cummins of Black Cactus is a proven liar is now widely accepted. What is stunning is that AIM listed Milestone (MSG) whose entire market value is based on the belief that a deal with Black Cactus is worth something has failed to comment. Maybe the Securities & Exchange Commission in the US will force its hand.
There are two things I know about 2017. The first is that I had not one but two inaugural trips to a Sports Direct (SPD) store (and survived) and the second is that the omnipresent but embattled retailer should have been my tip of the year the thick end of a year ago. However in this world we must look forward and that brings me to today's first half profits at Mike Ashley's emporium.
AIM-listed Minoan MIN) has issued a Trading & Financing Statement at 1.41pm. Happily, it does not look like a howler - good news there! Sadly there is no deal involving Cavo Sidero - we will have to wait a bit longer for that. But we do get an update on its loan to Hillside and on trading at its travel agency, and we are told the preliminary results are expected to be in line with market expectation.
Shares in BOS Global (BOS) a company teetering on the edge of insolvency and where the Nomad has already announced it is walking now trade at 0.85p-1p. Beware: broker Peterhouse is trying to do a placing at as little as 0.1p. I have written to Peterhouse in the spirit of the season as you can see below.
On 24th November CEO of LED lighting and portable power products and wiring accessories company Luceco (LUCE), John Hornby sold £4.69 million of shares at 234.53p each “principally to settle personal tax liabilities” - and “for further information” it was to “contact David Main, Chief Financial Officer”. Today, three weeks later, there’s a “Trading Update” announcement. All good then you’d presume.
With Milestone Group (MSG) still unable or unwilling to put out an announcement to its shareholders about its relationship with Lyin’ Larry Cummins, I thought I would keep the pressure on with a couple of snippets that I find amusing about the fraudulent front of the man. I mean he’s not a writer, gardener, ballet dancer or boxer from Boston but I still find it amusing.
Telit Communications (TCM), the AIM dog founded by Boston fraudster Uzi Katz and now run by insider dealer Yosi Fait has now clarified its most recent profits warning of 23 November. There is good news, bad news and very bad news indeed. And there is a lack of news on one front which is also bad news. In short this stinks.
I have pointed out earlier that Peterhouse Corporate Finance has real issues in trying to get away a placing at 0.25p or perhaps 0.1p in AIM dog BOS Global (BOS). With the shares at 0.7p bid some may be tempted but before they send cash over to broker Peterhouse they do know the broker cannot do a placing don't they? Er.. something else Peterhouse is not telling its clients maybe?
Previously writing on Safestyle UK (SFE) just over 3 months ago, it was hopefully my warnings were heeded as now a “material” profit warning. Despite slumping to below 170p, I concluded that until there are at least signs of some stability, I’ll certainly continue to avoid. Now a further Trading Update…
AIM-listed Tern plc (TERN) seems to be a good few steps ahead of fellow AIM-listed UK Oil and Gas (UKOG) in the self-inflicted terminal slide as a result of signing up to a death spiral funding package. Indeed , on the day Tern announced the deal the shares collapsed from over 5p to under 4p. They now languish at 2.625p mid: Impressive stuff – unless you are a shareholder.
Peterhouse Corporate Finance was yesterday sent a letter by me urging it to make potential placees aware of the massive regulatory risk directors of BOS Global (BOS) face from ASIC ahead of any fund raise. I am sad to say that Peterhouse appears to be ignoring my generous advice driven by the season of goodwill. Meanwhile the share price is slumping - now just 0.7p to sell - as the broker hits the phones.
Hello Share Combers. It’s that jolly time of year when our minds drift towards being entertained, rather than doing any work. Though you probably agree with me that the two weeks before Christmas are incredibly stressful, given the joint burdens of festive preparation and working as usual. So let’s have a look at a big name in film and tv production...
Hello, Share Skimmers. For the simple reason that the share keeps on rising and has just powered through its record high, I return to Photo-Me (PHTM).
Business recovery, financial advisory and property services group Begbies Traynor (BEG) has announced results for its half-year ended 31st October 2017 and that “the group is in its strongest position for many years”...
Not just a contract win, but a “Significant Contract Win” announcement from Corero Network Security (CNS). Ooooh. With results for the first half of 2017 having shown an increased loss of $4.8 million on revenue only slightly higher to $4.8 million – and this following a more than $8 million loss, even on an adjusted basis, for the 2016 calendar year, what’s the “significant contract” detail?...
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