I shall serve up a more detailed comment on the piss poor full year numbers from Eurasia Mining (EUA) later but it is worth flagging up for Cliff Weight, the laudable ShareSoc supremo, and others the matter of the paid for research published on Eurasia by ACF Research in February 2020.
I'm not suggesting anything inappropriate - just making an analogy, as I discuss Zephyr Energy (ZPHR). Then, I touch on Optibiotix (OPTI), and a chat with Steve O'Hara. If you'd like to spend a day with Steve over all day drink and home-produced Welsh food, you can of course do so, HERE. I am pleased to say that almost a third of the seats are already booked out. After that, it is onto Oxford Biodynamics (OBD) and Shield Therapeutics (STX) - will its placing be at 5p, or not at all?. Then, Pennon (PNN), sewage and Feargal Sharkey. Finally, Abingdon Diagnostics (ABDX), where good news has seen the shares rocket. However, that only postpones the next bailout placing (or death) until Adven
Cliff admits he will lose, so has decently added £5 to his Rogue Bloggers for Woodlarks donation. Why not join him? Leave the 96% of listeners yet to donate, and chip in today, HERE. The bet is on Zephyr Energy (ZPHR), where Cliff is long (and wrong). I offer him the chance to double up with a bet on Wildcat Petroleum (WCAT), following its bonkers RNS yesterday. But I think he is too smart to take that. I also look at Versarien (VRS), Eden Research (EDEN), Kefi (KEFI), and Amur Minerals (AMC), on a day of water triumph at the Greek Hovel. How I wish I was there.
I asked on Friday whether AIM-listed jam-tomorrow internet of things investment company Tern plc (TERN) had run into some problems with its proposed listing on the US OTCQB market. A trip to the SEC website asks more questions than it answers.
Will Joshua ever make it back to school? There appear to be suggestions that Wales’s bone idle teachers will postpone his education in why white privilege makes him an automatic victim by yet another day. In the podcast I discuss why Cliff Weight is wrong about share options, the Chill Brands (CHLL) spoof and then took a detailed look at AIM China play Univison Limited (UVEL) which looks tome to be a zero. Have you looked at what this loss making indebted POS spunked £949,000 on during the first half? In signing off on interims,Nomad Spark Advisory is ‘avin’ a bubble.
Evil Knievil: “the best time to kick a man is when he is down.” The great bear raider is correct, especially in these crazy times when so many frauds or near bankrupts seem able to defy gravity as the believers still belief and continue to BOTFD, so providing share price support. But in some cases even the believers are starting to smell the coffee.
No! It is not snot gobbler Dan McCrum of the FT who tipped off the CEO allowing him to sell millions of shares in the days before the balloon went up at the Globo (GBO) fraud. McCrum still insists that he is the journalist responsible for Globo’s downfall whatever Gabriel Grego says. But it is another unsung hero who brought Globo to book. You may have thought that he was a supportive shareholder in the fraud, dissing we bears as not knowing what we were talking about. However…
Now that ShareSoc is no long run by he who cannot be named it is, on occassion, sounding almost half sensible. Like my colleague Nigel Somerville, it has been sticking it to the disgraced Edge VCT (EDGI) and in that vein Cliff Weight has written to the Financial Reporting Council, FRC, asking it to intervene. It would not be the first regulator I’d think of in such circumstances but it all helps and Cliff pulls no punches in his letter which is below.
The Board of Edge Performance VCT (EDGH and EDGI) may not have quite got around to updating the market on this yet, but an EGM requisition has arrived with proposals to remove the entire board (barring one who was supposed to be standing down anyway). For Edge I-shareholders, it may not give them any extra cash back on their disastrous investment, but at least they will have the chance to take some satisfaction from sacking the board. But I fancy any potential reform may not be limited to just that – probably, in my view, to the advantage of the H-shares, the other remaining class left over from the alphabet soup that was Edge Performance VCT.
Happy Bastille Day to our listeners in France. Here another day of swimming and cooking for guests. In today’s podcast, I look at Verditek (VDTK) and the latest missive from Gollum, the investment whores at Proactive, the fraud Supply@ME Capital (SYME) & its death spiral and finally more thoughts on today’s Winnileaks special on MC Saatchi and what it says about the useless FCA when it comes to tackling white-collar crime. Finally a few words with Cliff Weight of ShareSoc re Financial Promotions.
I thought that ShareSoc, having ceased taking direction from he who shall not be named, had at last recognised the great job shorters do in exposing frauds and overpromotes. But it seems not. Cliff Weight, a self confessed shareholder in Burford (BUR) today makes a number of valid points on Neil Woodford’s comeback while still not admitting that ShareSoc is backing a laggardly and non battle-hardened legal claim for Neil’s victims. But it is on Burford where ShareSoc lets its mask slip. Cliff says of the FCA:
This is for Cliff Weight of ShareSoc. I discuss incidents in my life on Fleet Street showing the corrupt nexus between financial PRs and the press in action. I hope you all find it amusing as informative and relates to this fight I got into earlier today. Then it is onto Brokerman Dan who is a visionary analyst of health stocks, notably MyHealthChecked (MHC) as PL and I are agreed. Finally Zoetic (ZOE) has been exposed by an RNS today from Path Investments (PATH) which is damning. Its implications are clear, Zoetic is now mortally wounded; however, its evil PR spinners tried turd polishing earlier today.
A very pleasant email arrives today from Cliff Weight at ShareSoc. I discuss the Damascene conversion of his organisation since the era of he who shall not be named on the matter of shorters and shorting.
Last night, as we reported at the time HERE, shareholders in Sirius Minerals (SXX) gave an almighty feck you to folks like the ShareSoc suits and pompous Crispin Odey and backed the 5.5p per share bid from Anglo American. Before the meeting ShareSoc’s Cliff Weight was on twitter and going full on crony capitalist.
Just now and again ShareSoc is bang on the money. Today Cliff Weight, always the voice of reason at ShareSoc, has laid into the culture of paying off executives who have failed with large golden goodbyes and warm words about parting by mutual agreement. The bosses at Tullow failed, have destroyed shareholder value and should have been fired in disgrace. Cliff writes