I start with the business, the spoofs at shamed Union Jack Oil (UJO) and Hydrogen Utopia (HUI), where the Aquis DOM of the year is yanking your chain. Then, onto today's appalling trading statement from Parsley Box (MEAL). I run you through the implied maths, rather than its adjusted EBITDA and other fantasies, demonstrating why by this time next year, it will have gone bust. It is a zero, however much the bird in charge protests otherwise. Target price 0p by July 2023.
I passed my covid test, enjoyed a wonderful christening for Jaya (photos another day), and am off to Greece at Noon. God willing, I arrive at the hovel about midday on Thursday GMT. So, my output may be limited until then. Today, I discuss the read across from Cellular Goods (CBX), and why news from Hydrogen Utopia (HUI) reinforces what a monumental slam-dunk sell Powerhouse Energy (PHE) is.
On a day when Ceres Power (CWP) hooked up with Shell, promising to spend £100 million on its tech - which will produce Hydrogen far more cheaply than anyone else on this planet - I ask someone, anyone, to explain the point of Powerhouse Energy (PHE), as its bastard offspring, Hydrogen Utopia (HUI), goes Dutch.
In this podcast, I discuss a double dose of suffering - but not that which I promised - and beg you to donate to Rogue Bloggers for Woodlarks, HERE. I also discuss two companies where something stinks badly: HUI International (HUI) and Audioboom(BOOM). And, yes, I have seen the story in the loathsome Mail on Sunday. It stinks, too!
I pointed out in bearcast yesterday the utterly whiffy state of affairs at HUI International (HUI),the bastard little sister of Powerhouse Energy (PHE) with regard to a 500,000 Euro investment in Irish company Trifol Resources Ltd. An advisor has now made a shocking admission to me…
In today's podcast, I discuss Elon Musk and Twitter; Vast Resources (VAST) & associated scumbags; Optibiotix (OPTI); Condor Gold (CNR) and why comrade Jim Mellon must pay up soon; and the complete and utter Irish jackanory spouted by Hydrogen Utopia (HUI) and Powerhouse Resources (PHE): those holding shares in either company are certifiable. We are now just £68 away from £10,000 in the Rogue Bloggers for Woodlarks (plus gift aid) fundraise. On Sunday, I really will do a 20-mile training walk. If you are amongst the 96% of listeners yet to donate, please do so today, HERE.
Both Tom Winnifrith and I have commented on the corporate goings on at Powerhouse Energy (PHE) often and over a long time. We can and should comment on all the questionable activities to inform investors. Pierolunaire commented earlier this week how it is not always possible to drill into the techy detail of all companies. I agree with that, but if you work in this area, rather than being a professional spouter of pomposity, then it is possible.
Powerhouse Energy (PHE) today issued a release to clarify media speculation about a possible tie up with Hydrogen Utopia (HUI) and Linde. Really. Maybe that was prompted by HUI issuing its own release yesterday HERE. So much for everybody playing by LSE listing rules.
Sleazy ex Tory MP Tim Yeo has another spoof announcement at Powerhouse Energy (PHE) but we are in the late stages of a bull market so, while Yeo is clearly taking the (Greek & Hungarian ) piss, moronic mug punters have lapped it up.
Over the weekend, I revealed the second reason why the RNS issued by cash-guzzling AIM Casino promote Powerhouse Energy (PHE) was grossly misleading. I have now written to the Oxymorons at AIM Regulation urging them to force Powerhouse and its shoddy Nomad WH Ireland to issue a full clarification and to face formal censure.
On Thursday I exposed how AIM promote Powerhouse Energy (PHE) had done a deal supposedly worth 100,000 Euro upfront with a company which was in fact just six weeks old and had only £100 to its name. But this con is far far worse as I can reveal today.
Powerhouse Energy (PHE), the AIM listed green energy ramp run by loathsome ex Tory Minister Tim Yeo of sleaze infamy, has today announced a deal to license its technology in Poland and its shares are racing ahead. But this announcement is a spoof. Do advisers WH Ireland, Turner Pope and Ikon Associates have no shame at all?