Keyword results: confetti

PREMIUM CONTENT

Shocking news at InVMA which Tern is not disclosing via RNS. Who cares about AIM Rules anyway?

Shares in AIM-listed jam-tomorrow (if ever) investment company have again been dribbling south, closing yesterday at 6.95p. With a load of freshly raised cash and a new investment to boast, surely things are going well for Tern……but alas the market seems to be taking a different view. Of course, Tern has a habit of keeping quiet when there might be something to clear up – such as the recent speculation (unfounded, as it happens) on the BBs about Wyld. And that brings me to its 50%-owned investee InVMA.

Subscribe to ShareProphets to access Premium Content
URU
URU

URU Metals – More Shares, but no Cash

AIM-listed John Zorbas POS URU Metals (URU) has announced the issue of a stack of shares to settle directors’ fees and those of an adviser this morning. That to add to yesterday’s paltry subscription shares raising just £280,000  (before expenses). I would suggest that this latest splurge of confetti shows just how badly screwed the company is.

PREMIUM CONTENT

Catenae – placing confirmed at 2p but this is still the most overvalued AIM stock

Having warned the market on Thursday that a placing was on the way at a substantial discount, the placing duly arrived yesterday morning at two minutes to ten – 37.5 million bits of confetti at 2p to raise £703,000 gross and see off £47,000 worth of liabilities. In some ways one has to congratulate the Broker on a job well done, given that the shares closed Thursday night at 2.65p that amounts to a discount of just 24.5% - a big improvement on the last effort at a monster 77% discount. So where does that leave the company?

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

UK Oil & Gas refocusses on its core business of issuing more shares

After a brief period of allowing folks to pretend that its main business was in fighting Covid and saving the NHS by producing oil that nobody wants, UK Oil & Gas (UKOG) has got back to what has always been its core business, that is to say issuing yet more shares. After raising £4. 2million at just 0.2p today there are now a stonking 10.84 billion worthless pieces of confetti in issue.

Subscribe to ShareProphets to access Premium Content
URU
URU
PREMIUM CONTENT

OUZO TIME! URU Metals – As predicted, fundraise and a stunning death spiral announced after-hours as company misleads. TIMBER.......

What a complete and total POS. As I pointed out (yet again) yesterday, AIM-listed URU Metals (URU) was technically insolvent and for no apparent reason the shares had marched up to 200p, overvaluing this outfit by…..er….200p. Needless to say, the directors had a duty to raise money and at no-one-is-watching o’clock last night (4.56pm) we learnt that they had. But the company misleads over the massive 57.5% discount – and that is a best case scenario – and the company is STILL technically insolvent.

Subscribe to ShareProphets to access Premium Content

Trafalgar Property: you’ve got to be having a laugh with this!

AIM-listed Trafalgar Property (TRAF) has made a total shambles of being a housebuilder in a housing boom. It listed on AIM in 2013 and at the last count was sporting just £14,000 of cash as at 18 December and recorded shareholder funds of MINUS £2.9 million at the end of September in its interims released at 4.23pm on the Friday before Christmas. Now it wants to utilise its property development skills to move into hydroponics – growing vegetables in test-tubes! Oh....

TYM
TYM
PREMIUM CONTENT

Tertiary Minerals – placing at 0.275p to raise just £275k. SELL.

At eleven minutes past ten this morning AIM-listed penny-dreadful, to quote poor Malcolm Stacey, Tertiary Minerals (TYM) announced a placing of one hundred million bits of confetti at 0.275p to raise just £275,000 (before expenses) and a shiny new Broker in the form of Peterhouse, which arranged the issue and is set to receive five million warrants at the placing price. Nice work for the flippers – especially since the shares were 0.41p immediately before the announcement and thus the discount was a tasty 33%. And compared to the 0.87p the stock hit in the wake of the ramptastic announcement the day before (awful, as usual) results were released the placees must think it is Christmas.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Vast Resources – let the death spiral commence, and a slam-dunk breach of AIM Rules

One day short of four months on from its first announcement, AIM-listed Vast Resources (VAST) has at long last confirmed receipt of the first tranche of the death spiral funding it said it would not do. So yesterday’s announcement that the cheque really was in the post this time appears to have been true. Quite why it has taken so long remains a mystery, but whatever: let the death spiral commence. But how much actual cash does Vast gain from this charade?

Subscribe to ShareProphets to access Premium Content

ShareProphets RNS Translation Service: Mysquar calls a GM

At 4pm yesterday, AIM-listed Mysquar (MYSQ) slipped out and RNS announcing that it was calling a General Meeting. It seems that the board is running short of shareholder authority to wheel out the printing presses to issue more worthless confetti. The ShareProphets RNS translation Service explains all (original in bold)

CloudTag – still suspended, but why no admission of shares this morning? Uh Oh.

Oh dear, oh dear. Bad news for bulls of AIM-listed (pro tem) CloudTag (CTAG) this morning – and possibly for L1. Last Friday the shares were suspended with no reason being given, “pending an announcement”. An announcement duly followed (at no-one-is-watching o’clock) telling us that L1 had issued another conversion notice and that it was expected that dealings in the Shares will commence on or around 15 December 2016. The shares, however, remained suspended pending another RNS. Well, we’ve had this morning’s AIM notice but no such admission to trading has been announced.

MSG
MSG

Milestone – Christmas Panto RNS: finally gets October Placing away.…Oh no it doesn’t!

It seems the pantomime season has started early: AIM-listed lifestyler Milestone Group (MSG) has announced that it has raised a keep-the-lights-on placing at just 0.3p, and that of the original October placing which was announced to have brought in £1.385 million, only £60,000 has made it to the coffers. If Nomad Cairn Financial thought that its (currently suspended) client CloudTag (CTAG) was just a rogue case, Milestone begins to make it look more like carelessness.

Igas – bondholder meeting update: secured debt says no

AIM-listed and over-indebted Igas Energy (IGAS) has just announced the result of its bondholder meeting. The unsecured debt voted the proposals through, but the secured debt voted it down. The company says it has not yet breached its bond covenants, but that this is now expected next week. 

Tern – yet more confetti, this time at just 7p – 36% discount

Anyone who was buying shares over the last few days in AIM-listed jam-tomorrow investment company Tern plc (TERN) has just been spanked in pretty spectacular style this morning. With the shares having traded as high as 14p just last week, this morning saw a placing to raise £2.55 million (gross) at a whopping 36% discount to yesterday’s closing bid price – and a 50% discount to the peak of last week. Tern seems to be in a bit of a downward spiral with regard to its confetti issues – the previous two placings were at 8p and then 12p. 

FRR
FRR

ShareProphets RNS Translation Service: Frontera Resources – rampety ramp, rampety ramp (PS you’ve just been diluted again)

AIM-listed Texas-based oil explorer and monster cash-burner Frontera Resources (FRR) yesterday released another ramptastic RNS. The shares stormed ahead by 29% on the day, with the rise getting going at about 11am. No doubt someone just got very lucky, as an RNS didn't come out until 3.35pm.

VAL
VAL

ValiRx – Great news as Bracknor death spiral funding package is ditched.

I was delighted to read this morning’s RNS from AIM-listed cancer-buster ValiRx (VAL): it has ditched the value-destroying funding package with Bracknor. About time too, this has been a disaster for the share price ever since it was announced back in March. With the shares having crashed from 12.5p the day before the package was announced to the current 6.875p (last seen) the damage has been horrific.

VAL
VAL

ValiRx – EGM today as turkeys are given a second chance to vote for Christmas

AIM-listed cancer-buster ValiRx (VAL) has its EGM today at 11.30am at the offices of DAC Beachcroft LLP, 100 Fetter Lane, London EC4AS 1BN. After shareholders voted to reject a resolution to disapply pre-emption rights at the AGM a couple of weeks back, the company has called a new gathering at which shareholders are being asked to vote on it again with management hoping that this time the shareholders get the answer right. Heck, it works for the EU, so why not here? Update - motion passed, shares down.

Lansdowne Oil and Gas – results, bailout package (kicking the can)

Dublin-headquartered and AIM-listed Lansdowne Oil & Gas (LOGP) has seen its shares suspended since it announced an adverse ruling in the Court of Appeal on 13 April which left the company in need of, ahem, clarifying its financial position. This morning we had FY15 numbers which suggest that this was not the only problem, but the good news is that it is not going bust just yet: a bailout package has been put together. 

LGO
LGO

LGO Results - a landmark in confetti issuing horseshit

Announcing your annual results at 1.38 PM ensures that some folks will miss the horrors you reveal. London's most useless Nomad, Mr Roland "fatty" Cornish will just be starting course two of four and so will not be back at his desk until the next trading day. So there is some point in sneaking out the bad news in the middle of the day. And that brings me to the trainwreck with Neil Ritson at the wheel, but David Lenigas driving from the back seat, LGO Energy (LGO). 

Inspirit Energy - news from the boiler room - yet another placing, next one soon

There has been a real attempt to ramp Inspirit Energfy (INSP) on a six month timeframe ahead of today's placing. There were tweets from my fave Monaco based Colonial with whom I have a summer truce and whom I thus shall not mention, the utterly meaningless share purchases (spoofed ya!) by John Gunn and a series of soft paid for interviews with Sith Lord Zak "Judas" Mir and others when Mr Gunn said there was no need for a placing. So today there was a placing.

Horse Hill Leni Maths in Reverse - what is the long term sustainable flow rate?

I ask you to examine two RNS statements issued by Lenigas ramp (how's the placing going) UK Oil & Gas (UKOG) concerning Horse Hill flow rates from 29 February. Then let's do some Leni-maths.

TXO
TXO

TXO News from Tim Baldwin's office above the HIV Clinic..an offer you surely can refuse

Our old friend Tim Baldwin of TXO, RAM and Cientifica infamy is still at it.  TXO (booted off the Casino in Mar 15) narrowly managed to avoid the stake through the heart when GBG did come through with a £250,000 loan to pay off some of the debt due on 31 Oct 15.  Tim no doubt managed to convince the rest of his creditors – estimated at another £250,000 to give him more time.  The question is, with the lobster pot closed to new lobsters, how to get more cash through issuing confetti?  Easy..

MTV
MTV

Is Motive TV finally toast - Prepare for the St Valentine's day moron massacre

Motive TV (MTV) may well see its shares suspended from the AIM on St Valentine's Day causing a massacre of the portfolios of the complete morons who own shares in this cash burning POS . The reason? Belatedly it is today warning us that come 14 Febuary it will be without a Nomad.

REM
REM

If at first you don't succeed, change the goalposts – the resetting of Directors options: ref David Lenigas

I commented in a recent Bearcast that Director's options should be set at a price so as to reward success not failure, and to align Directors' interests with shareholders.  Recently we have seen Debenhams reset Directors' option exercise prices downwards so that they can still be achieved despite failure and a crashing share price.  But this trick goes way back, and no-one is better at this 'move-the-goalposts' approach to performance management than Jabba The Hutt, David Lenigas. 

LGO
LGO

LGO Energy £0.94 million share placing - far more to come

I make this two confetti issues by floundering LGO Energy (LGO) in the three months since Jabba The Hutt, aka David Lenigas, dissed me on twitter for saying a placing was inevitable. The bad news is that there is a far larger share issue still needed. The good news, for the fat Aussie share ramper at least, is that he sold most of his LGO shares (if not all) last year without disclosing it as he should have done. So it is not his problem.

Bearcast

Tom Winnifrith BearCast 30 November - Producing the Oakley Christmas Card

The annual ritual is complete. The Mrs and I have photographed my morbidly obese three legged cat Oakley in his Christmas hat and even Tara played her part posing in the hat and in a stocking. And thus our rather un-Christian cards are now in production. Awway from that I have a long look at Slater & Gordon (SGH) where the management has just allowed the bears a chance to sell even more shares. Jabba The Hutt stocks Solo (SOLO) and LGO Energy (LGO) get a mention as does Aureus Mining (AUE) with its hugely discounted placing. Alba (ALBA) is clearly lining up its next confetti issue and I comment on that as well as Blur (BLUR), Outsourcery (OUT), Wandisco (WAND), Plant Health Care (PHC), Gulf Keystone (GKP) and NAHL (NAH), Finally I commend the CEO of ValiRx (VAL) who attended Gold & Bears on Saturday and was incredibly poilite. Memo to TW. I will be less beastly to her in 2016.

Confetti

Breaking: Wormwood Scrubs to hold fund-raiser for David Lenigas

One good turn deserves another and following Big Dave’s black tie event on Friday (see here) we hear that down at the scrubs they are planning a charity event on B Wing for David “I drown my enemies in confetti” Lenigas. Noting that Lenigas Cuba might soon have to return most of its cash to mug punters and that LGO looks set to go tits up, a committee has been established to bail out Big Dave.  Details are sketchy but inmates are awaiting the imminent arrival of Mr Rob Terry of the notorious Fareham Five gang”

LGO
LGO

LGO Energy: Corporate & Operational Update = “We are fucked and we know it”

David “I love the smell of newly issued confetti in the morning” Lenigas may no longer sit on the board of LGO Energy (LGO) having ducked out ahead of the shit hitting the fan, but the curse of Big Dave cannot be escaped. Today’s statement from LGO is a disaster and this is now officially another Lenigas car crash.

Confetti

David Lenigas – not just a Nobel Mathematician but a Nobel Scientist as well – Andrew Monk explains

On what is becoming kick the fat Aussie share ramper day, leading broker Andrew Monk of VSA Resources has also stepped up to the plate. You may remember how John Meyer of SP Angel revealed Leni-Maths and nominated Big Dave “I just love the smell of newly issued confetti in the morning” Lenigas for the Nobel Prize for maths. Now Monkey is nominating Big Dave for the Nobel Prize for science as well. Over to the broker:

JR-Ewing

David Lenigas – if you insist: let’s talk about dodgy offshore trusts

As part of his play the man not the ball strategy of not answering perfectly fair questions about his interests fat Aussie share ramper David “I love the smell of newly issued confetti in the morning” has moved the debate onto offshore trusts. Oka Dave, since you want to let’s talk about Allied.

Bearcast

Tom Winnifrith Bearcast 30 October - Insider Dealing IS a crime

I start wth Marlowe (MRL) and a debate here about insider dealing. Then it is onto Quoram (QRM) and its delisting and Nakama (NAK) and its dire results - it should be delisted. Then it is onto Mosman Oil & Gas (MSMN) - another confetti issue, Fitbug (FITB) which needs a confetti issue, Peer TV (PTV) whose board need shooting as does Tim Coffman its disgusting POS Nomad and finally UK Oil & Gas (UKOG), David Lenigas and the truth about ISDX as opposed to Big Dave's PR bologny.

Lenigas Cuba: The Fat Aussie share Ramper Big Dave Doth Protest too much

The Lenigas Cuba IPO is going to be a car crash on Monday. We know that a number of the 2p flippers want out on day one and it will be beer and popcorn time as they struggle to sell on the illiquid ISDX tertiary market. But fat Aussie Share Ramper David "I just love the smell of newly issued confetti in the morning" Lenigas is going down fighting and has upped the twitter abuse after I flagged up this looming disaster HERE. Big Dave tweets:

PTV
PTV

PeerTV – Rat leaves sinking ship

Yesterday I urged you to back rebel shareholders who wish to oust the useless board at AIM listed confetti issuing machine, PeerTV (PTV) – HERE. You have until 3.30 PM today to contact the registrar to vote at the AGM on Monday and I urge you to do so NOW. Details on what to do can be obtained by emailing peertvshareholders@mail.com  - the rats are already deserting but the confetti issuance also continues.

PTV
PTV

PeerTV – sack the board on Monday, back the rebels

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.

Confetti

Monday Odd One Out Contest - David Lenigas edition

This little odd one out contest features my good friend, the fat Aussie share ramper David "I just love the smell of newly issued confetti in the morning" Lenigas. Remembering the laws of libel please post your entries in the comments section below. Deadline midnight tonight.

Confetti

Ramper David Lenigas in bed with Dan Levi & market abuser Chris Oil - smear shocker

Yes this story is about smears. Fat Aussie share ramper David “I just love the smell of confetti in the morning” Lenigas has been caught in bed with market abuser Chris Oil and Dan Levi. Let me explain.

Confetti

Fat Aussie share ramper David Lenigas goes (pea)nuts on twitter - its official

Play the man not the ball. That is the way of fat Aussie share ramper David "I love the smell of newly issued confetti in the morning" Lenigas. Big Dave has again blocked me on twitter so I cannot see his deranged rants and blatant ramps. But a kind reader has supplied me with today's attack on this website even before we commented on the latest ramperoonie nonsense from UK Oil & Gas (UKOG) - HERE.

Confetti

Reader Poll – which is the next David Lenigas ramp to issue new shares?

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?

SER
SER

Sefton Resources: Has Team Shotgun already crashed the company?

This morning’s interim report from Sefton Resources (SER) does not make for happy reading for shareholders. After yesterday’s news that the company has run up the white flag to Team Shotgun, today’s numbers pour a bucket of ice water over the Clem Chambers/Mike Hodges fantasy. Sefton had limited resources. It had a plan. Ex-CFO Raylene Whitford was making headway in incredibly difficult circumstances and should have been supported, not attacked. Now, thanks to the interference of the market abuser and the bank robber, it will be lights out by Christmas, unless the company can issue more confetti. Oh, and convince Ray Zimmerman to take on this basket case.

LGO
LGO

LGO Energy – when will it place shares again? 51% expect it to be before Halloween!

Yesterday we asked you (HERE) when you expected LGO Energy (LGO) to issue its next batch of confetti given that its boss Neil Ritson had ruled out an August dump on mug punters. You seem to think it is not long.

LGO
LGO

LGO Energy: Reader Poll when’s the placing

LGO Energy (LGO) boss Neil Ritson has apparently emailed at least one shareholder pointing out that August is a dead month for placings so why would the serial confetti issuer be in a rush to issue more confetti. Well, perhaps because it is in debt and burning cash? So when do you think LGO Energy will next be issuing shares?

China New Energy – another Norfolk on AIM, or just a POS?

AIM-listed China Companies with characteristic Red Flags seem to be coming thick and fast as featured articles here on ShareProphets. Tom Winnifrith was on record some time ago saying that any Chinese company listed on AIM was an automatic bargepole, and with good reason. We’ve had Naibu (NBU) and Sorbic International (SORB) already given their marching orders by AIM, after spending over month looking for a new Nomad. Indeed, with Naibu’s CEO jailed and evidence that the cash it claimed to have was all fiction, and Sorbic’s rather more straightforward situation that the CEO ran off with the cash and the assets (and the Chinese authorities seem reluctant to intervene) it is hard to avoid the conclusion that these were just plain, abject frauds from top to bottom. 

NEW
NEW

New World Oil & Gas EGM votes No - Shares to stay suspended as Omnishambles rolls on

At No-one is watching O'clock ( 6.29 PM) the news finally came through. Congratulations to Ben "pitchfork" Turney - the EGM of AIM casino posterboy New World Oil & Gas (NEW) has not passed either proposal made by the board.

  • 2564 days ago

Exclusive: Rose Petroleum looking to raise 3 million quid at 0.3p - the disaster story continues

Four bullish announcements since the start of March have not steadied the share price of Rose Petroleum(ROSE). The stock was at 4p less than nine months ago, well over 3 million quid was raised at 1.75p in December 2014 but desopite the PR puffery the shares are now just 0.6p to sell. But worse is to come for the company which is now valued (if not worth) 9.44 million pounds.

LGO
LGO

Tom Winnifrith Bearcast - LGO Energy, time to let rip

Yet again LGO Energy (LGO) is issuing shares like confetti. Yet again it is announced at no-one is watching O'Clock and enough is enough, I let rip at this company and only half jokingly call for Big Dave Lenigas to resume control.

Listen to the Bearcast:

Breaking – Mosman is FUCKED – MEO rejects takeover bid

Oh dear, Oh dear, it seems as if the board as ASX listed MEO has been listening to my advice HERE and HERE as it has just now advised its shareholders to reject the all share bid from AIM casino listed Aussie based POS Mosman Oil & Gas (MSMN). The technical term for where that leaves Mosman is “fucked”.

MTV
MTV

Exclusive: Motive TV raises £800,000 at 0.013p - PIs rogered again

I have slated Motive TV (MTV) time and time again as an example of what is wrong with the AIM casino ( see today’s bearcast): time and time again this POS issues shares like confetti so its investors are diluted to oblivion and a few crony capitalists make a killing. Let’s force its hand. The paperwork is almost done on the latest deeply discounted placing and it has raised £800,000 at just 0.013p. Time for a rushed statement in the morning chaps. 

Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Complete Coverage

Recent Comments

|