1 day ago
The fraud Supply@ME Capital (SYME) has now postponed its results four times and still they are not out. The mugs who own this stock should be panicking. Firms delay results for two reasons:
4 days ago
I discuss my local Tory councillor being a spinless cretin, my daughter Olaf being a girly swot and with reference to Peter Brailey’s most excellent article earlier the nature of death spirals, they are not all the same but bad companies attract bad finance.
5 days ago
The current fashion for retail investors to back any old company that claims to be active in the UK intermittent generation market continues. Dukemount Capital (DKE) has been brought to my attention as one of the latest to attempt to tap into the retail enthusiasm for anything power and green related. Unfortunately this one does not pass my test as a worthwhile investment on so many levels.
8 days ago
How do you know if the fraudsters at Supply@ME Capital (SYME) are lying in an RNS or financial report? Simple. If there is a “y” in the day, Supply is lying. It lied about its net assets in its RTO document, repeatedly lied about its sales pipeline, lied about its sales in 1 RNS and 2 interim reports and lied about so much else. And here is another lie exposed yesterday. I have written to the FCA which has already suspended the shares once.
8 days ago
Death spiral providers take no view on whether a company is good, bad, honest or dishonest as long as there is liquidity in the shares so it can dump who cares? Thus the cash guzzling fraud Supply@ME Capital (SYME) says it has secured a £5.6 million death spiral. And it seems as if once the initial tranche of shares is dumped Supply/Negma can repeat up to nine more times. Talk about a rolling maul of selling pressure!
12 days ago
I have been ploughing through the prospectus for previously Aquis-listed Imperial X (IMPP, now CDL) regarding its move to the sub-Standard List. It looks like a shambles, as it was supposed to have changed name in the process (but hasn’t yet) and the myriad of conflicts of interest is just grim. If ever there was a sign of the top of the market, this IPO is surely it.
29 days ago
Last night, at 6.02pm – no-one-is-watching o’clock – AIM-listed URU Metals (URU) announced it has increased the death spiral facility with an outfit called Boothbay Absolute Return Strategies from $250,000 to $500,000 – and the bargain giveaway conversion terms which were originally due to expire within 90 days of the original loan have again been extended so that Boothbay can convert at just 85p……with the stock trading at 325p!
43 days ago
Even at 34.1p to sell, a new low for 2021 achieved despite the raging bull market in small cap shares, Versarien (VRS) is capitalised at £66 million which for a company with negligible net cash and burning cash is a preposterous joke. Let’s start with a reminder of what fair value is…
59 days ago
Once upon a time, there was only one CBD company listed in the UK, Zoetic (ZOE). It lied to investors, regulators and customers and was pumped by unscrupulous investors and PR veterans of the China fraud scams, and its rarity value and the lamentable failure of the woke dullards at the FCA to address all that lying saw the shares ramped to ludicrous levels. But now more CBD businesses are listing and that throws a spotlight on valuations. The clear read across implication is that Zoetic shares are going to crash.
83 days ago
As Q1 draws to a close, I have few regrets about having been inactive in the market particularly on the short side.
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