159 days ago
Oh dear, oh dear: things seem to be going from bad to worse at David Sefton’s former (and apparently still currently) stamping ground Iconic Labs (ICON). Last night at 5.35pm, 15% shareholder OTT Holdings released a statement announcing it has requested an EGM with a view to changing three (out of four) of the board as the major shareholder considers share price performance, lack of financing, management and board performance and now a lawsuit for breaching a financing agreement. Oh…..and toxic Dave Sefton gets a mention in despatches as well. It’s beer and popcorn time!
227 days ago
Chris Heminway has called for an EGM to boot off one member of the board of AIM-listed Inspirit and see himself and one other elected instead. In response to the onslaught, Inspirit has suddenly sprung into action, announcing two deals which saw the shares roof it.
239 days ago
Suspicions that the shareholder register of AIM-listed Inspirit Energy (INSP) were not correct were confirmed yesterday lunchtime (the new no-one-is-watching o’clock) when the company admitted that CEO and Chairman John Gunn’s total interest was not 28% as previously claimed on November 25 last year, but 25.4%. Needless to say, the original announcement was signed off by Inspirit’s hapless Nomad, Roland “fatty” Cornish – the worst Nomad in town.
302 days ago
AIM-listed boiler-room Inspirit Energy (INSP) has been a long-term non-performer on the Casino ever since the reversal of its technology (having failed as a private company) was reversed into Kleenair Systems in 2013. Almost anyone who has had the misfortune of investing here will be nursing very heavy losses, and the company seems to have little or nothing to show for the last 7 years as an AIM Casino chip. But now the company is under attack from 6.5% holder Chris Heminway, who launched a scathing attack late on Monday via the RNS system.
490 days ago
The Sound Energy (SOU) shareholder action group now has more than 300 members and speaks for 9.5% of the, in my view, almost worthless, equity. At 10% it can call an EGM and seek to oust the board. And if you own any stock in the company I urge you to contact me at firstname.lastname@example.org NOW and here is why….
554 days ago
On January 10 2020 those mad enough to own shares in Plutus Powergen (PPG) have the chance at an EGM to vote to sack the board. The table below is damning and shows why the board must be sacked. Plutus should be for the many not the few. Right now it is not.
662 days ago
I’ve made no secret that I view AIM-listed Karelian Diamonds (KDR) as a lifestyle company, as per its big brother (and under largely the same management), AIM-listed Conroy Gold and Natural Resources (CGNR). Both have achieved very little, both have balance sheets in a total mess and shareholders in both have endured massive shareholder value destruction over the years. In July a group of shareholders forced a sack-the-board EGM but as per CGNR last year, the vote went against them. Now they are back for round two.
708 days ago
I noted yesterday that AIM-listed Karelian (KDR), of the Conroy stable, had issued £100,000 worth of equity following a subscription. Since then, two directors bought in the market but word has reached Deputy Sheriff Towers of settlement issues. With a sack-the-board EGM coming up next Friday this looks a mess: will the shares have to be suspended?
709 days ago
Two RNSs yesterday from AIM-listed Conroy Gold and Natural Resources (CGNR) and its under-fire little brother, AIM-listed Karelian Diamond Resources (KDR), raised my eyebrows...
742 days ago
I noted a couple of weeks back that it was beer and popcorn time at Prof Richard Conroy’s smaller lifestyle enterprise, AIM-listed Karelian Diamonds (KDR). The battle is hotting up nicely...
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