Minds + Machines Group – investigation finds accounts ‘incorrect’, CEO & CFO “resigned”… on what terms?
EXPOSE: St James House – which assets are the auditors probably most concerned about? What will see the shares suspended and why the shares are worthless
Three weeks ago the share price of Manolete (MANO) slipped below 300p. Given that it was 515p when I published a major dossier on July 10 warning that the shares would more than halve, it was panic stations…
I noted on Monday how shares in Manolete (MANO) were tanking. So what to do? Natch, issue a panicked trading statement at 4.25 PM on Tuesday to reverse the rot. An unscheduled trading statement in the face of a sliding share price is always a bit of a red flag. And this statement was a total horror in the way that it boasted of the settlement of a major claim. It only serves to show how utterly aggressively this company presents its accounts and thus why you'd be bonkers to own the shares.
Last week I published a detailed dossier on Manolete (MANO) explaining why the shares, then 515p, were worth 80p. Today the company has published an attempted rebuttal which starts with upper class twit PR scumbags Instinctif trying to smear ShareProphets. The shares are off another 15p at 395p. The PR men may find smearing journalists almost as entertaining as mutual masturbation behind the bike sheds at Eton, but the markets are not convinced. I shall deal witrh that smear in bearcast later. First why the rebutall is so weak.
This work is not mine. The author craves anonymity but the dossier below is excelllent, detailed and makes a compelling bear case for a darling of the AIM Casino. The author wants the work to see the light of day and so wishes it to go out in my name. If the company has any objections or wishes to get bully boy lawyers involved, it can direct them to me. We will see the bitchez in court! Enjoy. This is devestating.
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