Hallelujah! Only six months after admission, the Sub-Standard Shocker XI stalwart, Falcon Acquisitions (FAL) yesterday announced a potential RTO of the exciting OTT business, Quiptel Hong Kong Limited. Months of looking and it was under its nose the whole time!
Yes once again I record with my father listening as he takes a rare break from crowing about his investment skills thanks to him owning a house. In this podcast I cover the real - and falling value of shells. Folks are just deluded if they think they are worth £500,000 even if utterly clean. Then I look at a few lessons from Peer TV (PTV) where fraud took place and I also cover Servision (SEV) once again with a warning that I have more. Those of a sensitive left wing disposition may be offended by a few jokes at the expense of my father and step mother.
Just when you thought PeerTV (PTV) could sink no lower in the AIM Cesspit it comes up with another shocker. The company is clearly insolvent, it has today admitted to lying to investors which is fraud as it issued shares after that lie and its Nomad ZAI Corporate Finance has formally walked. No-one else will act for it so after one month of suspension its shares will be booted off the AIM Casino. The next point of call will be the administrators and hopefully the rozzers as well.
It is not a great day for the AIM Casino. First down PeerTV (PTV) and now Oxus Gold (OXS) has called in the administrators and Nomad SP Angel has quit. The shares have been suspended since it lost its spurious legal case in Uzbekistan and now the money has all gone.
I am being slammed for not backing those who claim they are trying to turn around PeerTV (PTV). I explain why their mission is doomed, why the pretence otherwise merely transfers wealth from the many to the few, the crony capitalists and why some of us apply double standards to the capitalist process of creative destruction.
Featuring shares in Beowulf Mining (BEM), Hydrodec (HYR), Ncondezi Energy (NCCL), Octagonal (OCT), Orosur Mining (OMI) and Peer TV (PTV) with share price targets set for all six stocks.
PeerTV (PTV) has been a complete disaster story of the AIM Casino. Its first (lack of profits) warning came within weeks of its IPO at 45p per share in December 2010 and in fact related to events prior to the IPO which it had neglected to mention at the time. The shares are now 0.03p. And so it is now time to sack the board at the AGM on Monday. If you own any of the 2.4 billion worthless pieces of confetti in issue here is how to vote and why you should.