AIM-listed Catenae Innovation (CTEA) offered up more than its fair share of RNS Reaches last year and this morning we have another. Remember, and RNS Reach is classified essentially as marketing material, yet the shares are up by a whopping 45% at 2.75p, having climbed as high as 3.15p!
We live in times of sheer insanity. It is a rampers’ paradise and cometh the day cometh the four horsemen of the rampfest apocalypse. I bring you a tale of sheer insanity from the Aquis lobster pot market, formerly the NEX Exchange. It starts with what was once PGC Entertainment (PGCE), a serial uber dog which was eventually slung off the AIM casino. I should say that its boss is my pal Richard Poulden.
First Derivatives (FDP) has rather shocked us all with news that it has secured a new banking facility for £130 million. But that begs another big question which I have added to my list for tomorrow’s capital markets rampfest.
For a while it was going so well for TrakM8 (TRAK). Put out RNS’s saying you had cash when you had debt, record ramptastic interviews with thirsty Paul Scott and get him ramping hard, make really dodgy acquisitions that made no sense, generate no cash and watch the shares go ever higher. Then the Sheriff of AIM started to look underneath the hood and kick the tyres. The shares were 360p back then. They are opening today at just 23p to sell after a truly diabolical set of results and a (lack of) profits warning. If you were at the heart of the rampfest, it would be enough to turn a man to drink.
The gyrations in the share price of Frontera Resources (FRR) caused by its latest lie-packed City presentation have forced the company to put out a statement and it makes for truly grim reading. This company is worth 0p per share and in the current climate it may well get there before too long.
This is covered in bearcast but I can't disagree with a word that the great bear raider and professional Northern git Waseem Shakoor says about Frontera (FRR) ina BB post today. For a wider audience, Waseem opines:
I rescue this post from our comments section as iut merits a wider audience. Waseem Shakoor was scathing about last night's Frontera (FRR) rampfest. Evil Banksta was there and reports:
Having explained how folks paying up to 0.16p for shares in PGCE fully deserved the rogering they got on Friday after a new media rampfest turned sour I was startled to be told by some professional TW hater "but you tipped it, Doc Holiday said so". Au contraire.
AIM-listed Photonstar LED (PSL) was the subject last week, in the wake of a rampfest RNS, of a Steve Moore conclusion of no financials, no cash, avoid. How bang-on-the-(lack of)-money, for last night the company – well after-hours at 5.24pm – announced a massively discounted keep-the-lights-on placing for a paltry £465,000 at an even more paltry 1.25p – vs a 2nd May closing price of 2.85p and yesterday of over 3p. Nice work. Now take a peek at the share price and volume chart of yesterday, courtesy of ADVFN. Surely it could not be that there was mass forward-selling of placing shares between 8am and 3pm?
Thor Mining (THR) has just issued a release saying that its CEO has recorded an interview with Zak Mir for the lamentable t1psTV. Jesus wept: like it thinks we care? But there is something that CEO Mick Billing is not telling anyone tempted to buy into this rampfest.
Jabba The Hutt cannot help himself. Having pompously blathered on about how we all need to be responsible when using social media the fat Aussie has today shown himself (again) to be utterly irresponsible or worse. This time the rampfest is LGO Energy (LGO). Jabba tweets: