14 days ago
To be fair, shares in the company are up by 26% today at 0.43p on news that it has finalised and ended a death spiral. But any company that has to use a death spiral is likely to be shit and shares in this company are down by 39.06% over 1 year, 86.01% over 5 years and 96.65% since its IPO just over a decade ago. Truly a penny dreadful, just the sort of stock David Lenigas likes to ramp. Dave’s dog de jour is …
35 days ago
Make no mistake, a bailout placing is underway at Wildcat Petroleum (WCAT) as revealed in yesterday’s bearcast. Today, a new adviser to replace disgraced Pello Capital, currently banned by the FCA from doing any business, has forced it to come clean so that it can place.
36 days ago
I have an update on the Union Jack (UJO) placing which I forced it to ‘fess up to last Friday and I can now reveal that worthless ramp Wildcat Petroleum (WCAT) is now seeking fresh equity at almost any price. At 1p, a £21 million market cap is about £21 million too high in my book. I also discuss Jubilee Metals (JLP) and Mark Slater and that links nicely to an IPO I am dodging and I explain why I am passing on what appeared a likeable and competent team. Finally, a detailed look at perennial dog Mirriad (MIRI) whose shares are – despite slipping 10% today – still a stonking sell.
42 days ago
David Lenigas is to ramptastic tweeting what Colin Bird is to pre placing pumps. He just cannot help himself. Today’s special is a picture of two men in late middle age standing in a tax haven shaking hands. Apparently this is very significant for Aquis lobster pot listed Valereum (VLRM), the crypto play pumped to 80p three months ago as the shameless chartist turned penny share stock promoter Zak Mir called it up to £2, That helped it get away a £1 million placing at 70p. Its shares now trade at 29p but even that is still a staggering 20 times net assets for this loss making business. Maybe three men could shake hands tomorrow in some tax dodging location and that would be even more significant, eh Dave?
43 days ago
For pointing out what an overvalued crock is Deepverge (DVRG) and how the maths of cashburn did not stack up, its arse of a CEO took to trolling me on twitter, a medium he uses to ramp his shares in an alarming manner. Today’s interims vindicate me and show why anyone believing Brandon deserves all they get. Notwithstanding the company’s Covid play based, literally, on piss and pooh, the valuation is a joke.
93 days ago
If this is not a sign to sell all your shares I do not know what is. The list of rogues with zero experience of managing money but who are veterans of ramping penny share frauds and promotes who are involved here is such a massive red flag. Lift Ventures was set up with £50,000 from the paid for penny stock ramping site LSE Share Talk on 13 May. The lead director who, it appears, will be managing its investments is Zak Mir who has never managed other folks money in his life bar the generous handouts he got from his parents as pocket money when at Harrow.
129 days ago
Valereum Blockchain (VLRM), The Richard Poulden blockchain/NFT/bitcoin ramp hyped disgracefully by shareholder David Lenigas and penny share paid for promoter Zak “the huckster” Mir, has managed to raise £1 million at a shocking 70p. And the shares are now 76p. This is insanity.
129 days ago
UK Oil & Gas (UKOG), the member of the minus 97% club run by Lyin’ Steve Sanderson, must be ready to pull the trigger on a bailout placing judging by news this week. Indeed there are suggestions that it is already looking to place 2 billion shares at 15% discount to the 0.2p bid so raising a gross £3.4 million, call it £3.1 million net. The pre dump ramp is from Turkey.
141 days ago
One of these three gents is a good friend (or was, maybe he won’t be after reading this), one is godfather to my daughter and one is a fat and utterly shameless Aussie share promoter who used to think there was more oil in the Weald Basin than in Saudi Arabia and whose latest tweet is below.
141 days ago
At peak ramp, folks like Zak Mir were telling you that Remote Monitored Systems (RMS) would be drowning in cash from selling gazillions of its high margin face nappies. I warned repeatedly that this was pure fantasy. Today the grim truth has emerged and the shares have slumped. Worse will follow.
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