I take a detailed look at fad investing covering the big California drone fraud but also Fitbit which had a shocking profits warning today, Fitbug (FITB) and Cloudtag (CTAG). I look at two China frauds on AIM in big doo doo, Jiasen (JSI), which is definitely a kill for the Sheriff of AIM, and Taihua (TAIH) which will be. Then I look at Torotrak (TRK), Guscio (GUSC), Greatland Gold (GGP), Andalas (ADL), Golden Saint (GSR), Amur Minerals (AMC) and finally LGO Energy (LGO)
I have loaded the photos of pressing the olives from the Greek Hovel HERE. There may not be a bearcast tomorrow as I am about to start travelling soon. Today I look at LGO Energy (LGO), Milestone Group (MSG) and its CEO Deborah White who has committed market abuse and should be fired, Strat Aero (AERO), Fox Marble (FOX), Golden Saint (GSR) where I suggest a rule change is needed at AIM to deal with share dumping parasites like PR genius Steffi, and Proxama (PROX).
Oh dear, oh dear. Those Worthington (WRN) shareholders who were dreaming of buying a mansion in Monaco with their golden tickets might wish to brace themselves for bad news. as you can see below the First Gazette notice for striking off has been published and an administrator appointed. On the terraces at Banstead Athletic the chant is already starting "you're going down with Golden Saint, you're going down with Golden Saint" Nuff said.
I start with the US Election. My last piece on why the polls are wrong and on who will win is HERE. Talking of a rigged affair I move onto Cloudtag (CTAG) and then to Redcentric (RCN) and MXC Capital (MCXP). Then I look at Premier Oil (PMO), Mkango (MKA), Golden Saint (GSR) and Servision (SEV) before ending with a chant for The Donald.
I spent the morning at an ante natal class with the Mrs. Hell's teeth I am a feminist don't you know? But the whole experience left me feeling just rather old and I discuss why. Then it is onto today's ramptastic news from Horse Hill and I explain what it actually means. I waltz through Gulf Keystone (GKP) - bear squeeze - Stanley Gibbons (SGI) - recovery play? - and Guscio (GUSC) - Nigel Wray play. Then it is onto Tern (TERN), Gable (GAH), IGAS (IGAS) and Golden Saint (GSR) where I discuss why today's RNS really is just bollocks and how bulk sampling really works.
For the November issue of the UK Investor magazine (latest issue HERE) I was asked to name seven stocks which could get suspended and where shareholders could lose everything. I thought I’d take a look back over the seven: Jiasen (JSI), JQW (JQW), Auhua (ACE), MoneySwap (SWAP), Rurelec (RUR), Golden Saint (GSR) - all on AIM - and main market listed Kenmare (KMR).
Apparently when going short of Home Retail (HOME) uber-posh fund manager Crispin Odey made some fairly nasty comments about poor people (aka folks who buy shares in David Lenigas companies). Well he has been burned today and that reminds me of a classic episode of The Young Ones (see below). I reflect on why shorting is a bad risk reward play and what that means and also on the idiocy of buying by following fund managers. I mention Tungsten (TUNG) and Allied Minds (ALM) in this respect. Elsewhere I ponder Totally (TLY) and the wisdom - in this case - of Wildes and then Greka Drilling (GDL), Evocutis (EVO) and Golden Saint (GSR).
We will ignore the preposterous Lenigas Cuba as we already know that it is trying to rope in suckers to pay 5p – a mere 25,000 % premium to what Big Dave paid for his own shares just three months ago. But which of the other companies associated with the fat Aussie share ramper will be next to place?
The comedy continues. Tom Winnifrith has already flagged up that thus far the funding round announced yesterday has actually cost money, not raised it – see HERE. Perhaps it is possible in this mad world that (pro tem) AIM-listed POS Golden Saint Resources (GSR) could actually raise some pittance from its last throw-of-the-dice funding round. But bearing in mind the cash-burn, it faces an uphill struggle.
We have already flagged that AIM-Cesspit POS Golden Saint Resources (GSR) was out of cash HERE. Today we find that despite pre-placing ramps (see HERE and HERE) it appears that it is out of friends too. This morning, it appears that the company could not even get a keep-the-lights-on placing away, and has had to turn to a death spiral. Except that it could not even go to any of the usual players there either, turning instead to crowd-funding. And to cap it all, this funding round has not yet been completed – today’s RNS simply announces of its launch. This is a slam-dunk sell.
Featuring Armadale Capital (ACP), Bahamas Petroleum (BPC), Cap-XX (CPX), Golden Saint (GSR), Stratmin Global Resources (STGR) and Tertiary Minerals (TYM)
Today's Bulletin Board heroes are: Ascent Resources (AST), Golden Saint (GSR), MX Oil (MXO) and Teathers Financial (TEA)