Shares in FastJet (FJET) have today left the AIM casino so are now untradeable, as well as essentially worthless. Remaining investors face mega dilution or administration or most possibly both. Having warned folks extensively over the years about an operation first set up to smuggle tobacco and which just could not turn a legitimate cent, I feel somewhat vindicated. But there is more… Citigate Dewe Rogerson and the half to £1 million of shareholders cash spunked on nothing!
First up I explain why I am going to make some damson jam with Joshua this weekend and why, thanks to Clem Chambers and Online Blockchain (OBC), you can win a pot. I mention en passant FastJet (FJET) and its journalist-smearing fascist bastard PRs at Citigate Dewe Rogerson, Wishbone Gold (WSBN), Big Dish (DISH), and Supply@ME Capital (SYME). Then I do a long piece on 7Digital (7DIG).
I have been waiting for this day for a long while. I hope that comrade Graham Neary has a glass (or seven) of Black Velvet over in Ireland tonight. I shall have an ouzo as I enjoy some karma heading to the journalist-smearing fascist PR bastards at Citigate. I should warn you that this podcast contains some bad language as I consider the AIM demise of Fastjet (FJET). I laugh at a rumour about Ascent Resources (AST) and the whore blogger Malcolm Graham Wood and I consider the laughable plans of the pathetic nanny state regime of Bojo to tackle obesity. I also look at Cineworld (CINE), R4E (R4E) and Supply@ME Capital (SYME), three firms I fear are in the merde. And did I mention that Citigate Dewe Rogerson are a bunch of journalist-smearing motherfuckers whose comprehensive lack of ethics I shall toast with ouzo tonight?
As a good citizen, yesterday, I reminded FastJet (FJET) and its loathsome, journalist smearing, motherfucker evil PR spinner bastards at Citigate Dewe Rogerson that they had promised us a trading statement by “the last week in June”. Duly nudged a statement arrived today and it is dismal. The crash landing at Tits Up Airport has been postponed but not for long.
My guess is that the long awaited meeting of FastJet (FJET) PLC with a crash landing at Tits Up Airport cannot be postponed for that much longer. It is not as if this company could ever make any money pre Covid. But while I await that moment as one that I celebrate with champagne and noxious phone calls to its journalist smearing motherfucker PRs at Citigate Dewe Rogerson, I remind the company that it had promised us a trading update by Monday at the latest. Specifically, on 8 June it stated:
I start by mentioning this stunning piece by my hero Jordan Peterson. Then how Oxford University must bump up my degree as I feel sad. then onto the issue of excessive AIM pay with the case study UK Oil & Gas (UKOG). The crowded precious metals trade is next with reference to AIM dog Alien Metals (UFO). Finally I look at the piss poor excuses of two companies late with their annual report: Fastjet (FJET) and ShareProphets Limited.
In today's bearcast I start by apologising to someone who is not a pest at all. Then I again discuss Covid 19 and have another podcast on my own website up today which has some relevance to this. I look at surging markets and am sceptical, at Yourgene (YGEN), Genedrive (GDR), FastJet (FJET) and at Versarien (VRS) which has announced a big China deal which cannot be a fraud given the involvment of top nomad SP Angel in doing due diligence and honest as they come Neill Ricketts in constructing the deal.
It is day 1 of the olive harvest and ShareProphets reader K is a hero. I swear he is a closet bubble. I give a progress report on that and then turn to Fastjet (FJET), Versarien (VRS), the useless FCA and mini bonds and the imploding and smelly ramp that is Eurasia Mining (EUA).
I have now arrived at the Greek Hovel, photos here. In today's podcast I discuss the pitiful way Sam Smith of FinnCrap (FCAP) blames Neil Woodford for the state of AIM. For once I defend the disgraced fund manager. I look at Eurasia Mining (EUA), I3 Energy (I3E) and also at Fastjet (FJET), a company that uses journalist smearing Citigate to polish its turds. The Eurasia podcast I refer to which should now be looked at by AIM Regulation is HERE
We live in a mad, mad world and I cite four examples of this: the banning of the original US flag by Nike 48 hours ahead of July 4, illiterate Zak Mir going into PR, the PI love-in on Bulletin Boards with utterly worthless Premier African Minerals (PREM) and the IPO of Funding Circle (FCH). I look at Dialight (DIA), and Fastjet (FJET) and then list my top ten shorts worth more than £250 million (with two slightly smaller cheats included) and explain the bear case for each.
In today's podcast I look at FastJet (FJET) - you were warned - Mercantile Ports & Logistics (MPL) - ditto - and Babcock (BAB) where the corrupt deadwood press do their best turd polishing today.
Happy Hop-tu-naa to any listeners in the Isle of Man, and happy Halloweebn to the rest of you. I start the podcast with a handy tip on dealing with the Trick or Treat menace. This afternoon I head off with Joshua to deal with the bastards at Barclays (see yesterday's bearcast) and I will report back on that tomorrow. I look at Crawshaw (CRAW), I3 Energy (I3E) doing a Cathy Newman, at Photonstar Led (PSL)) which is toast, Online Blockchain (OBC), at FastJet (FJET), lessons for Neil Woodford from GYG (GYG) and elsewhere and why Thirsty Paul Scott and others should keep December 3 free.
FastJet (FJET) the airline set up by tobacco smugglers which, having gone legit, has a perennially failing business model and ability to burn vast amounts of cash had said that it needed more cash by the end of October to keep going. Aha, its October 31, I wish all ,my readers on the Isle of Man happy Hop-tu-naa, and so what’s the story back at FastJet? It is not good news I fear…
In today's bearcast I start with a look at Patisserie Holdings (CAKE) run by my pal Luke Johnson and I discuss the nature of fraud. I look at Sosandar (SOS) again and get really very angry (warning bad language alert), at FastJet (FJET), Telford Homes (TEF) and the folly of Government policy, Online Blockchain (OBC), and at Urals Energy (UEN) and the folly of the AIM Cesspit.
Our Winnileaks Matt Earl special on First Derivatives (FDP) has set the cat amongst the pigeons. But I have bad news for the men from God's chosen lands of Ulster who run First. I have more and hope to air soon. Ho ho ho. Get the ouzo and ice ready. In this podcast I also cover spoofing at BlueJay (JAY), Fastjet (FJET), Frontera (FRR), the scandal at Indigovision (IND) which is enough to have us all voting for Jeremy Corbyn, Mayan (MYN) and, in some detail, Condor Gold (CNR), the gold dog which has sent so much of the cash of my good pal Jim Mellon to money heaven. I fear Jim will have to get his wallet out again soon.
The journalist smearing PR bastards at Citigate Dewe Rogerson snuck out results from FastJet (FJET) just after noon hoping that the whole world would be on a lunchbreak. Not only are the numbers utterly shite but having raised $10 million in July the company now ‘fesses that it needs more cash by the end of October or it will be once again at the cul de sac at the end of tits up alley. Disgraceful.
In this podcast I discuss the anniversary, today's DOS attack and how I respond. I look at the terrifying proposals to steal your cash coming from the Labour conference and I discuss Optibiotix (OPTI), FastJet (FJET), BCA Marketplace (BCA), TrakM8 (TRAK) and the fraud Eden (EDEN). I also look at brokers such as FinnCap giving away free propaganda reports, I mean research, on corporate clients.
In today's podcast I look at fat bastard and those PLCs that employ him, at Amur Minerals (AMC), Mirada (MIRA), FastJet (FJET), Spire Healthcare (SPI) and Card factory (CARD).
Yes, for the last six miles we will be joined by a fifth rogue blogger tomorrow on the 33 mile trek from Horse Hill to Woodlarks. You will not guess who in a month of Sundays. All is revealed in the podcast. We have now raised £23,715. Just £1,285 more and Brokerman Dan walks the last mile in his underwear, an event we will photograph. So if you are yet to donate, please do so HERE. In today's podcast I look at Johnson Press (JPR), FastJet (FJET) - do the maths comrades - Europa Metals (EUZ) and UK Oil & Gas (UKOG).
I start by wishing my daughter Olaf a happy 17th although she will not be listening and indeed wants me to retire so I stop embarrassing her by expressing my support for Trump, reservations about abortion or other crimes against the new world of 2018. It was Olaf's birth all those year ago at 1lb 4oz that got me involved with Woodlarks as I explain. This weekend my training walk will be 26 miles in this scorching heat. Think of me and if Olaf can spare a tenner so can you - donate HERE. In the podcast I explain why Julie Meyer must be stopped it is not just investors that need protecting. I cover FastJet (FJET), Action Hotels (ACHG), Akers Biosciences (AKR), Management Consulting (MMC), UK Oil & Gas (UKOG), Angus Energy (ANGS) and Amur Minerals (AMC).
The 3Xs are the fraudbusters best friends. In this case it was one of Julie Meyer's 3Xs and a new source. we chatted for just under an hour. More to follow. Oh dear, poor Ms Lingerie on Expenses MBE. In the podcast I look at UK Oil & Gas (UKOG), Purplebricks (PURP), Frontera (FRR), FastJet (FJET), MySquar (MYSQ) - where I have again contacted John Meyer urging him to get off his fat arse - Andalas (ADL) and Magnolia Petroleum (MAGP). The good news is that sponsorship of the walk I'm doing with Brokerman Dan for Woodlarks is now, with gift aid, at almost £11,000. I explain here why this walk makes the difference between Woodlarks having to cut services or carry on, please do give a tenner today. Think of my pain - not least in having to hear Dan talk total bollocks about Andalas for whole day - and COUGH UP HERE.
The mistake in yesterday's podcast was on Telit (TCM). In fact it is even worse than I thought! The good news is that sponsorship of the walk I'm doing with Brokerman Dan for Woodlarks has now topped £9,000. I explain here why this walk makes the difference between Woodlarks having to cut services or carry on, please do give a tenner today. This afternoon sees Joshua and I on another training walk, my second in two days. Think of my pain and COUGH UP HERE. In a long bearcast I predict that, after today's shocking news, FastJet (FJET) will be sold for £1 and explain why. I look at Havelock Europa (HVE), 88 Energy (88E), Lyin' Steve Sanderson's UK Oil & Gas (UKOG), Frontera (FRR), Andalas (DOG), Mysquar (FRAUD) and Audioboom (BOOM).
I guess the journalist smearing bastards at Citigate Dewe Rogerson might be about to lose another retainer. Their response to my probing of the financial woes of their poxy client FastJet (FJET) was to threaten and smear me. Fuck you Citigate. Now Fastjet has ‘fessed to just how grim things are. It could be tits up time by the weekend. Crack out the ouzo, let’s celebrate. I shed no tears for a company that stands by the actions of scum like Citigate. And I warned shareholders often enough what financial fate lay in store for FastJet.
I explain why Steffi has been a naughty PR girl (again) as I consider Andalas (ADL) - a worthless and insolvent dog which is still not coming clean. The prize is for anyone who can explain the Online Blockchain (OBC) gibberish spouted today. It really is nonsense is it not? I also want to know how it is doing in terms of cashburn and there is no pointer to that. I look at FastJet (FJET). Its PR firm - Citigate - once tried to fight off my legitimate - and now vindicated - critique of its (lack of cash) position and its failure to answer questions by saying I was motivated by a hatred of Greeks - its PR bird being a bubble. Oh the irony. Citigate, employer of fragrant Eleni Menikou, your bosses are still free speech denying, journalist smearing wankers and your client is still fucked. I also look at Westminster (WSG) and Pantheon Resources (PANR). Right I am now off on a training walk. Brokerman Dan and I have now raised more than £5,000. We are seeking to raise £20,000 for Woodlarks. That will be a game changer for a great charity. 95% of listeners have NOT donated. To those who have I say thank you. To the rest, I know you can afford a tenner. Please cough up now HERE
As old Jim Mellon is such a good friend I thought I'd have a butchers. Is it because of more problems at the Diabetic Boot Company or is it a cash crisis at SalvarX (SALV) or at Regent Pacific? What is it about this related party nest of snakes that is making investors shun shares in Jim's Port Erin (PEBI)? I discuss in detail. I also look at MySquar (MYSQ) as the fraud skids to a new low, Ecsc (ECSC), the cyber junk play, FastJet (FJET) - another bailout placing ahoy - and old Clem's spoof Online BlockChain (OBC) as it tanks again. And then its RIP Conviviality (CVR), formal notice of wipeout for those who punt on the back of a brokers note and for other investors. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH.
Hello fascist, journalist smearing, PR fecking geniuses at Citigate Dewe Rogerson, your favourite follower of the dog that is FastJet (FJET) is writing today from my home village in Greece. You have done a good job at polishing the turd that are the calendar 2016 results from Fastjet (FJET) but if folks read beyond your spin to the bottom of the statement they will realise this is a basket case and the shares - at 16p are a stonking sell - the target price is 0p.
“fastjet (FJET), the low-cost African airline, is pleased to announce that… it has successfully placed 143,449,794 new ordinary shares at a price of 16.3 pence per share… If the placing does not proceed and complete, and in the absence of the group being able to successfully agree or implement any alternative funding, the directors would seek to commence a process of placing the group into administration”. Wait a minute, just in August the company raised “total aggregate gross proceeds of £15.2 million… all at 50 pence per new ordinary share”. What’s gone on?
I am utterly wiped out after day one of what looks like being a cracking harvest. A full photo report is HERE. In the podcast I discuss votes tomorrow in Austria and Italy and what they mean and why we bears are feeling good about the lack of a Santa Rally. Trump was Santa this year and that rally is over. I explain why I disagree with Malcolm Stacey's article today. I then look at a number of AIM stocks set to slide and why, as I refer to Steve's piece earlier. In focus: Avanti Communications (AVN), Advanced Oncotherapy (AVO), Telit (TCM), Boohoo (BOO), Tungsten (TUNG), Fastjet (FJET), Cloudtag (CTAG), African Potash (AFPO) and I have a few words about Worthington (WRN)
How is that for a Thanksgiving mixed metaphor of a title? In this podcast I look at denial, red flags and bending the rules on the Casino. Among the companies covered today are: Advanced Oncotherapy (AVO), Cloudtag (CTAG), African Potash (AFPO), Fastjet (FJET) and the insider dealing, Mkango Resources (MKA), London Capital (LCG), Audioboom (BOOM), Milestone Group (MSG) and I flag up that Steve & I have a hot share tip you can access for just £5 coming up very soon HERE
In late July of this year AIM listed basket case African airline FastJet raised £15.2 muillion at 50p. Wind forward to two days ago and the shares were just 18.5p but then started falling sharply to 16p last night and this morning came the disastrous admission. Naturally there is no insider dealing on the world's most successful growth market. The shares are now 14.5p and will sink lower as it has all gone horribly wrong.
In today's bearcast recorded with my father as the audience, here in Shipston, I start with the Autumn Statement which gets 0/10 from me. Then it is onto Sound Energy (SOU) and the issue of fund manager due diligence. Then Optibiotix (OPTI), FastJet (FJET), Mkango (MKA), African Potash (AFPO), Countrywide (CWD) and the global real estate asset class - yes a Manhattan penthouse and a terraced home in a grim Northern welfare safari slum are related!. Finally a few words about Paternoster Resources (PRS) and as a related issue New World Oil & Gas (NEW).
In today's podcast recorded with an audience of my Guardian reading father who is torturing me by reading out snippets from the ghastly left wing rag, I start with a look at Pantheon Resources (PANR). I then cover FastJet (FJET) - having a swipe at its smearing scumbag low-life PR fucking geniuses at Citigate Dewe Rogerson en passant - , Avocet Mining (AVM), Blenheim Natural Resources (BNR) and African Potash (FRAUD). Then it is onto Redcentric (RCN) and MXC Capital (MXCP) and the challenge for Mark Gustafson, Mr bullshitter at Challenger Acquisitions (CHAL).
As AIM-listed crock airline Fastjet (FJET) hurtles at full speed towards its next funding crisis two warrant exercises catch the eye – one yesterday and the other last week. With the shares trading at around 20p, why on earth would anyone exercise warrants at 31.5p a pop?
It is not that she wishes me to lose a few llbs, it is that she wants me out of the house so that she and young Joshua can watch rubbish on the TV without me sneering. In that vein I bring you this podcast but also another on why the Tory conference nauseated me (HERE). At a company level I look at President Petroleum (PPC), Wandisco (WAND), Agrittera (RUN A MILE), Cloudtag (CTAG), Fastjet (FJET), EasyJet (EZJ) and the bankrupt fraud Servision (SEV),
In these times of austerity we are all in it together but sometimes one needs to consider a bit of budgetary restraint one must always look at ones overhead. In that vein, while Graham Neary said "sell" Fastjet (FJET) yesterday many of us feel that he was still too charitable. And then there was his article on Cloudtag (CTAG) where he failed to conclude that it was a worthless fraud. Is Graham just too nice to work at ShareProphets. I have a P45 with his name on it but should I use it? It is up to you to decide, the deadline for voting is midnight today (Wednesday 21st).
So the London Stock Exchange (LSE) has just sent me 24p. Fear not, I shall not spend it all at once but on what do listeners think I should splash out? Meanwhile Graham Neary is just too nice to FastJet (FJET) today and unless he can start to act a bit more like a complete and utter bastard I fear that I shall have to fire him as he just won't fit in at ShareProphets. I explain why Fastjet is toast. I look at Charaat Gold (CGH) and also at how sometimes we get carried away by short term events and ignore the bigger picture - I refer in this case to Nighthawk (HAWK). I also ask why after 18 days African Potash (AFPO) has not sued me for libel for pointing out that it is a fraud? Go on you mothers I want to see you bitchez in Court. The gym I refer to is HERE.
Fastjet’s (FJET) interims for the first half of 2016, released this morning, are another set of results from the company which are about as bad as they could conceivably have been.
I start with a couple of landmarks reached today. Six months without a fag and four weeks to the due date for the birth of a son. Then a guilty confession, I am watching the Olympics. Then onto discussing two companies where the only questions are when does the money run out and what price the next bailout placing: FastForward (FFWD) and FastJet (FJET)
I have met with an unprecedented barrage of hate and harassment from folks in Liverpool as I describe here. Moving on from that I ad my thoughts to those of Gary Newman on Sound Energy (SOU) and Graham Neary on FastJet (FJET) and chip in with a few ideas on Motif Bio (MTFB), African Potash (FRAUD), GLI Finance (GLIF) and Cloudtag (CTAG)
Fastjet has this afternoon announced the result of its general meeting and capital raising. Not surprisingly, given the support of the institutions involved, all resolutions were passed.
The remarkable placing document which has finally been released says more about Fastjet’s (FJET) hapless shareholders than it does about the company itself.
The only reason the bulls can come up with to buy into Fastjet (FJET) is that it will soon see a new CEO take the helm, Nico Bezuidenhout, whose CV looks great having done wonderful things at Mango, the low cost airline offshoot of South African Airways (SAA). Unfortunately that CV is now unravelling big time. Or at least it is in real doubt.
The worst newspaper in the world in the truth and analysis department is the Guardian and its worst columnist is the loathsome haridan Polly Toynbee. Silly Polly has today caused the stockmarket to surge as I explain. I then move onto FastJet (FJET), Teathers Financial (TEA), Tern (TERN) & Nigel's dynamite expose today and an array of AIM crack whores: Servision (SEV), Eden Research (EDEN) and Cloudtag (CTAG). Warning: this podcast contains some very bad language.
Fastjet (FJET) has its AGM and general meeting later this morning, at which the EasyGroup special resolution to oust the Chairman will be put to shareholders. Ahead of that, we have a trading update which confirms the bearish stance held on this website for the past several months.
Regular readers will know that I have been following with interest the rather dramatic developments at Fastjet (FJET) over the past year or so. This morning sees publication of a letter from the Board, asking shareholders to support their Chairman against easyGroup’s move to remove him from office.
We start with Boxhill (BOX) chaired by Lord Razzall who still refuses to answer 10 questions from Cynical Bear. The company has now gone legal. It is utterly uninvestable. Then I look at Wandisco (WAND) - which schmucks backed its placing today? I also cover FastJet (FJET), Fox Marble (FOX) and Nighthawk (HAWK)
The excitement mounts - we are soon off to vist the house of superhero Paddy Leigh Fermor as I explain HERE. Ahead of that I look at: Ascent Resources (AST), Volex (VLX), Advanced Oncotherapy (AVO), African Potash (AFPO), Blenheim Natural Resources (BNR), Fastjet (FJET). Aureus Mining (AUE) and China New Energy (CNEL).
One of the key demands from major shareholder Sir Stelios has been that Fastjet (FJET) hires a competent new CEO. While it has taken longer than expected, we have breaking news today via RNS that a new CEO has indeed been found. From an operational point of view, this should be a game-changer.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of May 2016 (by net short position %) - and if the positions have increased (red), reduced (green) or remained unchanged (black) since last month...
I start by analysing a very odd paragraph concerning Aureus Mining (AUE) in the Times Market Report. Then it is onto Boxhill (BOX) which is a zero, Lord Tim Razzall you are "in sights" there is more to come. Then it is onto Armadale (ACP), Purecircle (PURE) and FastJet (FJET), oh Duck & Dive where are you? It's time to say "sorry TW was right, as usual - I am sorry for daring to suggest that his analysis was wrong."
Following on from my recent coverage of Fastjet (FJET), the airline has today announced its final results for the year to December 2015. While clarity on last year’s calamitous financial performance are to be welcomed, the most important questions remains unanswered.
Since my last article on the subject of Fastjet (FJET), major shareholder and brand owner Sir Stelios has been back on the warpath, this time looking for the removal of the Chairman. With the annual results for 2015 due shortly, and reasonable questions hanging over the company’s funding position, the next few weeks and months are likely to be decisive for Fastjet’s future.
In this podcast I start with Baby Bear, Graham Neary, and why he is wrong on Fastjet (FJET). The trouble is that he is being too nice. Baby, try to remember that we bears are meant to be complete and utter bastards. I then discuss my own Greek planning woes and those of Minoan (MIN). Then it is onto e-therapeutics (ETX) and today's RNS which stinks to high heaven. This is now an A1 bargepole stock. I then cover Atlas African (AAI), Andalas (ADL) - what price the next placing? - Hague London (HNL) and MX Oil (MXO) again what price its next placing? 0.1p looks about right to me.
I have been asked to give an updated view on Fastjet (FJET), following on from my tip to sell the shares last November (when they were trading circa 60p).
Our resident Fastjet (FJET) owning lunatic Duck & Dive yesterday predicted an RNS from this piece of Turkish imminently claiming that it would show what a "twit" I was with good news. Well D&D was half right there was an RNS. Sadly, for him, it is not good news. Duck remains the twit, I continue to call this one right.
Have I mentioned that Finncap are complete and utter bastards? If I forget to do so in this bearcast please refer to my FinnCap and Wandisco special earlier HERE. Lucian is popping over tomorrow but I shall try to record a sober bearcast before he arrives. On today's podcast I look at Fastjet (FJET), Strat Aero (AERO), Premier Foods (PFD), Hellenic Carriers (HCL) and Outsourcery (OUT), the demise of which will certainly be an ouzo o'clock moment.
By now Fastjet (FJET) must have negative net assets or near as damn it and insolvency is very much on the cards. Meanwhile the great son of the mighty Hellenic Republic Sir Stelios (don't tell fascist PR bullies Citigate but we love the Greeks here, especially Sir S), is talking of legal action to reclaim his brand. But at least today there is light relief with a shock boardroom departure.
Let's widen the scope of the Bulletin Board Moron of the week contest this time to include the most ludicrous claims made by those in Project Fear, the campaign against Brexit. Yesterday Lord Browne of BP infamy claimed that leaving the EU meant that we might see another Auschwitz (see HERE) - can you trump that for scaremongering? Or do you just want to settle for nominating a common or garden Bulletin Board Moron who did not stiff shareholders with a bill for his rentboy? Whatever..please post all entries in the comments section below. Last week's contest...
On 22nd March Sir Stelios sent to Fastjet (FJET) the letter which appears below as he upped the ante big time. The response of the Fastjet board has been lamentable with two holding statements and no outright refutation. No wonder the shares have collapsed to 27.5p. It is going to get worse. The target price is 0p or near as damn it.
I shall deal with willie obsessed holiday ruining Easyjet (EZJ) later. And also with Fastjet (FJET) but suffice to say its shares are a sell. A reminder SPUKI - book your seats today to hear me expose the fat share ramper Lenigas in full plus much more at UK Investor on April 30. Thanks to Intelligent Energy (IEH) for clarifying what net cash means ( please note D&D) I cover its woes today plus also Plus500 (PLUS), RedX Pharma (REDX), Next (NXT) and Sareum (SAR)
Has all the hard work by the PR fucking genii at Citigate Dewe Rogerson been successful? I refer not to the hard work of not being able to spell the name of clients properly, or of smearing journalists as racists to ensure that they really can secure great coverage for clients. Instead I refer to how much bottom line value the fascists added for their listed owner Huntsworth (HNT). Let’s look at Citigate’s results as disclosed in Huntsworth Plc, its parent company, 2015 results just published on Tuesday.
As we have noted before, everyone round at Citigate Dewe Rogerson are PR fucking genii. That is especially those working on the Fastjet (FJET) account Angharad Couch, Eleni Menikou and Nick Hayns. You have to be a PR fucking genius to issue a release for your client when you can't even spell its name correctly as the screen shot below demonstrates. Fastjet may be a company heading for insolvency but at least its crack PR operatives are all fucking geniuses and any suggestion otherwise will result in an angry phone call with threats of libel suits, lawyers letters and a suggestion that you are a racist Greek hater.
To the Bubble boys 5 nil, To the bubble boys 5 nil, To the bubble boys 5 nil. That great Bubble Sir Stelios has Fastjet (FJET) and its fascist bully boy PR scumbag operatives at Citigate Dewe Rogerson realing. Naturally I start with this. The heroic Sir Stelios makes me even more of an admirer of all things Greek. Well almost. I look at Hellenic Carriers (HCL) and also at Gulf Keystone (GKP) and Northern Petroleum (NOP).
Fastjet (FJET) has today threatened legal action against Sir Stelios Haji-Ioannou after he published an open letter to the company suggesting it is heading for insolvency and revealing alarming data on load factors garned from "secret shopping" which Fastjet has bee hiding from investors. Naturally I agree completely with the analysis of Sir Stelios. His letter is below:
Ed Winters the CEO of Fastjet (FJET) had wanted to stay on the payroll for 12 months after a new captain of the low cost airline Titanic could be found. Sir Stelios of Easyjet wanted him out now - even with no CEO in place - and also demanded the head on a platter of General Counsel Krista Bates. Ed & Krista squirmed but with Sir Stelios owning 12.6% of the shares and the money running out, Ed and Krista have gone. Krista cleared her desk today, Ed clears his on Friday.
In its most recent profits warning Fastjet (FJET) used language deliberately designed to hide how close it is to trading while insolvent and how inevitable a bailout placing is. Its PR firm Citigate Dewe Rogerson then engaged in disgusting fascist bulling and smearing to distract attention from this pressing issue. But the truth will out and, indeed, here it is.
Yesterday, the fascist bully boys at PR firm Citigate Dewe Rogerson gave three different reasons for not answering a simple question about their client Fastjet (FJET). The real reason is that the answer shows that Fastjet is heading towards insolvency and needs a placing PDQ. More on that later, I have a full answer to come. Citigate tried to distract attention by claiming that I had libelled an employee by not describing her as a genius and, worse, had engaged in a racial slur by hinting she may be Greek. I think that says a lot about how senior staffers at Citigate view the bubbles for my views on and links to Greece are well known...
Earlier today I penned a piece on Fastjet (FJET), a company which is a crock of shit. Its PR firm, Citigate Dewe Rogerson, threatened me not about saying that Fastjet is a crock of shit but about what I said about one of its staff. I was threatened with a libel writ from Slaughter & May for inter alia suggesting that an employee was of Greek origin. This Citigate reckons is a slur as clearly it was aimed as an insult. But I live in Greece and love the place said I. But your readers do not know that said Citigate. Whatever... I reckon you do don't you? This podcast sets the record straight on all matters including me making it clear that all employees of Citigate are geniuses, the real reason my question on Fastjet is not being answered ( 3rd time lucky in terms of asking) and why I now contemplate retirement. What a silly and oppressive place the City and Britain has become.
I have exchanged a series of emails with Fastjet (FJET) to establish what the company is hiding in its most recent profits warning and whilst it offers excuses it will not come clean. I bet you a bottle of ouzo I know why. And it ain't good news if you are long and wrong.
I warn you that there is a lot of bad language in this podcast. I start with the balls talked by D&D on Fastjet (FJET). I have put the company on the spot as to what $20 million cash available means and I await a response. It matters big time. Then there is Andrew Bell talking balls on Horse Hill ahead of placings ahoy across the board. Then those who denied placings at Pantheon (PANR) and the posh fuckwits who spin for Scancell (SCLP). Both denied my stories. Both placed today. Folks: you know where to send your ouzo apologies. I discuss those placings and also that of Armadale (ACP) - a pisser as we own those shares. Then I discuss dire results from Glenwick (GWIK), shares in which deserve to halve and which were ramped by the same sort of mothers who ramped CEB/Andalas. The result will be the same. And also a horrid profits warnig from Tandem Group (TND) comes under the spotlight. I also mention my articles today on greedy Junior Doctors ad the BBC's woeful Trump coverage HERE
You know that things are tough when even those firms that are paid money to ramp hapless shares on the AIM Casino cannot bring themselves to do so with any conviction. And thus I bring you the latest note from Equity Development that is the piece of crap heading for 0p, FastJet (FJET). It is what ED does not say rather than what it does say that is so horrific.
In the race to 0p who will win? After today's statement FastJet (FJET) is in the running as is LGO Energy (LGO), PetroCeltic and XCite Energy (XEL) which also had news today. I also look at Plethora (PLE) and the idea of something which is too good to be true. Then I move onto Richard.Chase@Nyotaminerals.com - if you have not emailed the greedy useless mother yet PLEASE DO SO NOW. I offer up a suggested form of wording for your email. Warning/ Bad language alert.
No wonder Sir Stelios wants wholesale boardroom change at FastJet (JFET) a disastrous trading statement today makes it clear that the current board has not got a scooby and that bankruptcy is very much on the cards.
Oh dear. Baby Bear called this one to 0p at Gold & Bears HERE since when shares in Fastjet (FJET) have soared but now the chickens are coming home to roost with Sir Stelios Haji-Ioannou warning that the company has misled investors and is facing a cash crunch.
If you want me to analyse a stock for you just drop me a line at email@example.com - Today I look at shares in Amerisur (AMER), Fastjet (FJET) and Kibo Mining (KIBO) setting share price targets for all three stocks.
Having slipped badly following its profits warning and the start ( yes start) of a process of scrutiny by the Sheriff and his posse, the share price of FastJet (FJET) is up by 20% to 52.75p today thanks to news that it is launching flights from Tanzania to Kenya. Fear not this remains a sell with a 0p target.
Cripes there is so much entertainment provided by the clowns who run shite companies on the AIM casino. Where do I start? This podcast covers Mosman Oil & Gas (MSMN), Rapidcloud (RCI), Arian Silver (AGQ), Concha (CHA), Rosslyn Data (RDT), LGO Energy (LGO), Fastjet (FJET), Afriag (TOAST), UK Oil & Gas (JOKE), Jiasen (FRAUD), Nostra Terra Oil & Gas (NTOG) and Independent Resources (IRG).
I am sitting here with my father in Shipston. We have just had a long argument about the deaths of Cranmer, Latimer & Ridley. Naturally we both insisted we had the facts right. I am now 1p better off as I was right. My father has gone to the White Bear early in protest. Back to the podcast, I start with US base rates and why the UK will follow and what that means (house price crash, bad for certain equities). Then it is the AIM disgrace of the day Concha (CHA), onto Afriag (AFRI), Inspirit (INSP), Ultimate Sports (USG), Fastjet (FJET), and the shocker of a July IPO Adgorithms (ADGO). It is another day of shame for AIM.
This was one of the sparkiest sessions at Gold & Bears and I loved it. Each of myself, the bard of the Boleyn (Lucian Miers), the Dark Destroyer (Matt Earl) and Baby Bear (Graham Neary) selelected two stocks we thought were going to zero and explained why. They were: Fastjet (FJET), AO World (AO), Gulf Keystone (GKP), Slater & Gordon (SGH), Avanti Communications (AVN), Plus500 (PLUS), Tungsten (TUNG) and - bugger me - I can't remember Matt's other pick. Watch the video to find out, its a stormer.
On today's podcast I start with a couple of risers: Berkeley Energy (BKY) - where's my apology Brokerman Dan? And Optibiotix (OPTI) - you know I am not totally useless at long tips. Then onto the losers: Galasys (GLS), TyraTech (TYR), Northern Petroleum (NOP). Then it is Golden Saint Resources (GSR) where I also try to help out hapless compliance officer the Northern Slum refugee Richard "Gollum" Gill by explaining the rules about a financial promotion. I missed out FastJet (FJET) - down on weak passenger data, can anyone remember anyone involved in its IPO who might be a red flag? Then I turn my attention to David Lenigas, the boiler room and Inspirit (INSP).
On Wednesday, following (roughly) a steep share price drop of 10% in the first two hours of trading, Fastjet (FJET) issued a know-of-no-reason RNS. Or that was what it looked like – the actual statement read “The Company knows of no material trading reason for the movement.” It went on to reassure that trading was in line with expectations. With the RNS released at about midday, it looked to have the desired effect as the shares recovered and even closed up on the day.