Oh dear, oh dear: things seem to be going from bad to worse at David Sefton’s former (and apparently still currently) stamping ground Iconic Labs (ICON). Last night at 5.35pm, 15% shareholder OTT Holdings released a statement announcing it has requested an EGM with a view to changing three (out of four) of the board as the major shareholder considers share price performance, lack of financing, management and board performance and now a lawsuit for breaching a financing agreement. Oh…..and toxic Dave Sefton gets a mention in despatches as well. It’s beer and popcorn time!
Facing SEC charges which will destroy its core business and should wipe out its balance sheet, John Gunn’s Octagonal (OCT) is toast. But were there warning signs? Is the Pope a frigging Catholic? This site warned you time and time again about this company and also Gunn’s other AIM hound Inspirit (INSP) which is surely also a zero now.
I start with my family and Coronavirus as I discuss in full HERE. then should we taxpayers bail out all businesses? Even frauds? Or the Mob? I explain why folks like our in house Euro loon J Price are so badly wrong. I then look at Laura Ashley (ALY), Itaconix (ITX) and then the oil stocks. Could oil really hit $3 a barrel? Or $10? I look at Echo Energy (TOAST), Nostra Terra (TOAST), Premier Oil (PMO), Tullow Oil (TLW), BP (BP.) and Shell (RDSB)
To be fair to ShareProphets AIM-China Filthy Forty play Walcom (WALG) it has made no secret of its financial woes since its formerly best customer defaulted on payments owed, plunging the company into crisis, even if the initial announcements suggested mis-placed confidence that the default would be resolved.
AIM-listed Woodford dog and wannabee computer-generated drugs developer Verseon (VERS) has announced the sale and leaseback of its headquarters in Fremont, California. It says the sale will provide working capital but in case the $34.7 million price tag looks like good news, it is most certainly not. This is a calamity and by my calculations Verseon could be technically insolvent even upon completion.
A late-in-the-evening RNS from Woodford Patient Capital (WPCT) announced this evening that Woodford Investment Management has resigned as fund manager to the trust. And we have now learnt that Woodford Investment Management is to be closed down. Stripped of its fee income from Woodford Equity Income (WEIF), from which Neil Woodford was announced as having been sacked early this morning, as both Tom Winnifrith and I pointed out, Woodford Investment Management (WIM) was no longer viable (we got there first on that one as well). Now he has thrown in the towel on that too: WIM is to be closed down. Bring out the ouzo again!
In today's podcast I start with how Roger Lawson wants laws changed that will shut ShareProphets down and is using Burford (BUR) as his pretext. I look at how the AIM demise of Avanti (AVN) shows how wrong Lawson is and at lessons we can all learn. I cover Providence Resources (PVR) and its dirtbag fat cat boss Tony O'Reilly Jnr, at Cabot Energy (TOAST), Mysale (MYSL) - another mark of shame for Burford's Nomad Macquarie and for Sir Philip Green - and at IMC Exploration (IMC) which is toxic.
In today's (long) bearcast I look at Burford (BUR) asking questions of bulls and bears, at Thomas Cook (TCG), surely a slam dunk short at 8p, at Cabot Energy (TOAST), ADM Energy (ADME) and finally at Seedrs where the PR bird is trying to bully me into publishing a falsehood. She is picking on the wrong man. maybe she confuses me with the spineless financial illiterates and PR cocksuckers at the deadwood press?
I see that SKY News has reported that fully-listed Interserve plc (IRV) is closing in on a debt-for-equity rescue deal with its lenders. The report goes on to suggest that £300 million of debt is to be converted to equity and that a deal could be announced within days. Well that’s jolly good – so are equity-holders saved, then? Er…not so fast.
Brokerman Dan has been replaced as the maps man on our Woodlarks Charity walk on Saturday. Perhaps we now know why in his former career he did not always get away. For it turns out that the walk is not 32 miles but 33. Lucian has mapped it out in full. Cripes. We now need just over £2,000 to reach our £20,000 target so if you hav e not yet sponsored me please do so HERE. Get us to target & I will shut up about it. In the podcast I look at IQE (IQE), Rangers FC and another date in court for Dave King, Thirsty Paul Scott not understanding what research means & wanting me not to cover Sosandar (SOS), Cenkos (CNKS), ADVFN (AFN) and Online Blockchain (OBC), Highlands Natural Resources (HNR) and Fishing Republic (FISH) which, I think, is AIM toast in waiting
Oddly enough Britain's most conceited fund manager Neil Woodford has yet to agree to appear at UK Investor Show to answer some simple questions from me. What is he frightened of? I will have to go ahead with the session without him but I hope that he does not bleat on about how he had no right of reply! Anyhow, I discuss my futurology piece of yesterday and how it should be viewed if you are, like Nomates Neil, a big holder of auto related stocks. I cover BCA Marketplace (BCA), The AA (AA.) and Northgate (NTG) in this section. I also look, en passant, at another Woodford dog RM2 (RM2). Then I cover Milestone (TOAST) and finally pick up on the most excellent post on the comments section of this site by Drunken Sailor on POS Andalas (ADL)
Interims from Strat Aero (AERO) today are dire. They show a company that was bust on June 30, one with zero earnings visibility and an ongoing cash burn. There is a lack profits warning and a tacit admission that a bailout placing is inevitable. I should cocoa. But even if there is a heavily discounted bailout this company is probably toast. The shares are worth 0p. SELL. This is, like most stocks promoted by the Sith Lord, Zak Mir, toast.
Shares in Fusionex (FXI) the tech play from the Norfolk province of Malaysia still trade at 45.5p valuing the company at c£20 million. This has to be the biggest slam dunk short in London because at 10 AM tomorrow...
Sadly it looks as though AIM-listed Cloudbuy is entering the final chapter of its life as the last tranche of funding from white knight investor Roberto Sella has been drawn. The implied cash-burn suggests that in the absence of big-time delivery of revenues (something oft-promised, but never delivered so far) a crunch looms.
AIM-listed Cloudbuy (CBUY) this morning issued an AGM statement which offered yet more jam tomorrow, even more jam next year but the only jam today is the one the company seems to be in.
It is just eight days to the GM of Advanced Oncotherapy (AVO) where shareholders are being asked to approve the issue of gazillions of new shares for the Bracknor death spiral. Since the alternative is going bust within weeks if not days then the result is a gimme although I intend attending - as the owner of 1 share - to ask some searching questions. But the collapse in the share price - the stock is now 31.5p mid, 30p bid tells you there are even bigger issues and that Advanced is, quite possibly toast whatever.
AIM-listed e-commerce play Cloudbuy (CBUY) released its full year numbers for calendar 2016 this morning. Having had a rescue refinancing last year and a change of strategy the question was always whether all the good news announced over the last few years would ever be converted into revenue. The bad news is that it hasn’t yet. By the way, as a general point to the company, if you are going to reference notes to the accounts in the RNS and don’t include those notes people will think you have something to hide. It looks poor.
ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) announced last week that it was in discussions with a new potential white knight saviour in the form of Wraith Holding BV, a Netherlands-based vehicle of a Mr Gilbert Armenta which has been incorporated for the purpose of investing into the company. But time is running out: having been suspended pending accounts since 21 September last year the company only has until a week on Tuesday to get both Finals to March 2016 and interims to September released or its AIM-listing is toast.
Having wondered whether there may be light at the end of a very long tunnel for AIM- and JSE AltX-listed DiamondCorp (DCP), the company released a very disappointing update last night. Even more disappointingly, the RNS hit the wire at 6.31pm, delaying the close of the RNS system for the day. Talk about no-one-is-watching o’clock. The news was bad enough, the contempt for shareholders shown by the timing is a disgrace. It looks like all that may be on the menu is toast.
I am utterly shattered after day three of the olive harvest - a photo article is HERE. Please note Cloudtag (CTAG) morons I can't respond to your inane tweets at once every day. Cloudtag shares have raced ahead today. I explain why and why it won't last. As with all frauds the target price is 0p. Talking of which I also discuss Advanced Oncotherapy (AVO) which seems unwilling to comment on today's bombshell revalations and African Potash (TOAST). I also look at Mirada (MIRA), Interquest (ITQ) and Aeorema Communications (AEO)
Though I may have pneumonia thanks to Paul Scott, I am now safely in Kalamata looking up at the mountains where I live when in Greece and the storm clouds are ominous. So back to the stockmarket I look at Finnaust (FAM), Audioboom (BOOM), Avanti Communications (TOAST), Condor Gold (CNR), Advanced Oncotherapy (AVO), Webis (WEB) and Anglesey Mining (AYM) which is spouting bullshit today as it places.
Back on 29 September ShareProphets AIM-China Filthy Forty purveyor of Biblical plagues and rotten oranges Asian Citrus (ACHL) announced that its shares were being suspended pending an audit investigation of allegations which appeared to amount to potential fraud. This morning we had an update: it does not look good.
This is getting to be the most used phrase on ShareProphets: you can’t say you were not warned…..And so today it is the turn of AIM-listed Xcite Energy (XEL) to get the told-you-so treatment, for this afternoon the shares were suspended and the company announced that its bondholders have walked on restructuring discussions with the company and are to instruct the bond trustee to petition for the appointment of a liquidator. In other words, short of a last-ditch effort to patch up a new deal it looks to be light out time. Shareholders are set to lose everything.
I wondered HERE whether the proposed rescue refinancing of stricken ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) could get into a spot of bother as the shares were sliding. Now they have slipped below the mooted bail-out price of 0.2c per share.
ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) has made no secret lately of its dire financial predicament. The investment case appears to be that it either gets a refinancing (with a new board) and survives – but with the new money coming in at a significant discount, or it does not in which case it is bust.
Yesterday Avanti Communications (AVN) issued a dire lack of profits warning. Having warned folks in a special 25 minute session at UK INvestor (HERE) that this one was heading for the knacker's yard, the bear community is vindicated. Our big call is looking good. But have you seen how the existing debt ( in which Avantis drowning) responded. It says the shares - down 60% to 24p yesterday - are near as damn it toast. The target here is 0p or very close to that.
It looks as if shareholders will very soon hear the final grim news at Gulf Keystone (GKP). I first said sell at 180p and have been given grief all the way down. Folks can line up to apologise to me in an orderly queue. I discuss who is to blame and what happens next. Then it is onto the reason Brexit is not the real issue, there is an elephant in the room and its European but its on the other side of the channel. That takes me to the UK deficit, Cheryl and the cheerleaders and my stance on equities.
I did not create this but whoever did feels kind enough to get me and ouzo in here somewhere. As I explained earlier HERE Worthington (WRN) is now toast as of Monday Morning and it is time to call in the rozzers.
Armageddon It. I'm a getting it...maybe the morons are finally getting it as IGAS shares are now firmly on the slide, down 6% at 13.25p to sell at the time of writing. But for we bears the best is yet to come.
It is in default on its loans but the banks keep putting off the day they pull the plug. Today the company admitted that its attempts to sell its assets had not yet secured any firm offers. Well knock me down with a feather boa sailor, quell fecking surprise. But now it gets worse. Top analyst Zac Phillips, a man who was once seen as the Geoffrey Howe of hydrocarbon analysis but who is rapidly become an attack shark, flags up a massive black hole of a tax liability for Trinity Exploration (TRIN). Writing in the SP Angel morning note today Jaws warns:
There may not be a bearcast tomorrow. It is all down to the arrival of the Mrs as I explain. Meanwhile I look at Gulf Keystone (GKP) and XCite (XEL). The best time to kick a man is when he is down. So says Evil Knievil. And that applies to these two oilers where events are moving fast and the shares are near enough certs to be toast already. CIC Gold (CICG) is in an even worse state and today's RNS is a shambles. The curse of boy scout mugger Stuart Bromley strikes again. It is doomed. Then I discuss what, if anything, is wrong at TrakM8 (TRAK). Then a question raised by the share price move on Friday at ADVFN (AFN).
I have noted before that Zac Phillips, the oil analyst at SP Angel is normally only too kind to shite oil companies on the AIM Casino. He bends over to be nice to them and to excuse their lamentable performance. But just now and then, the inner Zac emerges. It is like when mild mannered Sir Geoffrey Howe plunged the knife into the blessed Lady Thatcher, an episode which was seen as "like being savaged by a dead sheep"
We polled you on Friday asking which oil mid cap did you think would follow Circle Oil (COP) in admitting that there would be little or no value left for shareholders. Which is the next oil company to admit that it is toast. And your verdict was clear. I would say that it is probably a tight race between the gold and silver medalists in this poll. You voted:
And so today, Circle Oil (COP) has admitted what anyone with half a brain cell could have figured, that it is officially toast. The question is which of the drowning in debt oil mid caps or large E&Ps will be next to fess up? There is an RNS from Gulf Keystone (GKP) today saying its bondhoders have given it another 11 days but could it be overtaken by XCite (XEL), whose shares are sliding as the clock ticks? Other oilcos in breach of loans include Trinity Exploration (TRIN) and LGO Energy (LGO) while the yield on IGAS debt suggests it is in the merde. So who will be next to admit it's toast, to use either the word "administration" or the phrase "little or no value for shareholders". Voting deadline is midnight tonight.
Those dreaded phrases "strategic review" and "breach of banking covenant" should have warned you that Circle Oil (COP) was toast and I warned you often enough in bearcasts. But it today Circle has admitted that the game is up yet one broker does not get it and has published the worst note in history or at least since Cenkos & SP Angel told folks to reject the 3p bid for Petroceltic (PCI)
This has been a long time coming, but surely now it is clear that AIM-listed SeaEnergy (SEA) is toast. This morning came an RNS which spills the beans, although the company STILL failed to spell out the grim truth to its lobster-potted shareholders.
This podcast contains bad language, please be warned. There are a couple of Isle of Man related issue and I then move onto: Snoozebox (ZZZ), Outsourcery (TOAST), Cambian (CMBN), Cobham (COB), earnings visibility and consumer spending patterns, Paul Scott, Nyota (NYO), Carpetright (CPR), Austin Reed and Falcon Acquisitions (FAL).
Well you cannot say that you were not warned! I have exposed time and time again on this website how the business career of one series Dragons Den flop Piers Linney has been marked by serial failure. The loathsome self-publicist Linney said floating Outsourcery on AIM at 110p in May 2013 was the highlight of his career. Today Linney has admitted that his company is almost toast. What fucking brilliant news.
It will come as no surprise to readers of ShareProphets that main market listed Goldenport Holdings (GPRT) is to leave the LSE, as announced this morning. Shareholders are set to lose everything just as predicted (see HERE, HERE, HERE and HERE) but amazingly the shares are still trading pro tem. You can still get your bad of crisps….or perhaps just a couple of penny chews, for the shares have collapsed (so far) by 70% today, to 1.5p mid. So there is another 1.5p to go….
Just in case anyone missed it, AIM-listed (but suspended since 20 Nov 2015) Renewable Energy Holdings (REH) has announced that it is going into wind-up proceedings. A Red Flag at Night, then.
Main market listed Goldenport (GPRT) has announced that the resolutions put to an EGM to allow the disposal of its remaining fleet of ships have been passed. I highlighted HERE and HERE that it would appear that the equity is worthless and so it would seem that shareholders are set to lose everything. One thinks of turkeys voting for Christmas, although there seems to have been little choice in the matter.
AIM-listed GCM Resources (GCM) has been trying to get permits for a coal mine in Bangladesh for as long as I can remember – and this morning’s interims to Dec 2015 continue the lashings of Hartley’s being promised for tomorrow, or the day after. Or perhaps never. But meanwhile the cash is running out and there is a Going Concern warning to be found. Not surprising, as the balance sheet shows Net Current Assets weighing with a deficit of £416,000 – quite a problem when the market capitalisation is just £2.8 million (source: ADVFN).
It comes as no surprise that (now ex-) AIM-listed DQ Entertainment (DQE) had a spot of bother in finding a replacement Nomad after the previous incumbent Allenby walked the plank last month, having given notice and warning that if new directors proposed by EGM requisitioners were appointed then it would resign forthwith. But now we have what looks to be the final nail in the coffin as the company has admitted that it can’t find a Nomad which will represent it and it is to be booted off the Casino as from this morning - a nice early morning execution. I hope that any readers with a holding managed to get out, even if only with one of Tom Winnifrith’s bags of crisps: it is better than nothing.
Xcite Energy (XEL) has today announced a new reserves and resources report for its Bentley field. In three months time the company must refinance $125 million of bonds and right now net cash is sub $10 million and falling fast and it has zero revenues. Discussing the economics of a field where Xcite has failed patently to get the farm in partner needed to take it to production is like Hitler worryig about the seating plans for dinner in 1945 as Russian tanks entered Berlin. The only issue now is the scale of the shareholder wipeout. Heck, even respectable and normally cautious brokers such as SP Angel are now openly saying what I have said for an awfully long time, the smell is of toast and it is everywhere.
Anyone who held on to their shares in AIM-listed (pro tem) DQ Entertainment (DQE) ahead of the Nomad resignation-induced suspension had better look the other way now. The company has called the long-awaited EGM which was requisitioned to force through board changes and it looks as though a shareholder wipe-out very much on the cards.
I start with an analysis of how David Lenigas and his gophers Hamish Harris and Donnie Strang have managed to spunk £1.4 million of the £1.55 million they had to play with at Polemos (PLMO) in three and a bit years and why after today's placing this is still a POS with the toxic Jabba The Hutt odour all around it. Then it is onto LGO Energy (TOAST) and its latest disaster. Then I move onto Leed Resources (LDP), Motive TV (MTV), Golden Saint Resources (GSR) and Canaccord (CF). One suspects the great analyst Saint Kevin of Ashton loved its disastrous numbers today as the banksters had a hot date with karma. This podcast contains strong language. Lenigas is one four letter word but there are many others.
I feel let down by someone, legged over. But revenge is a dish best served cold. Last year I "dealt with" someone in print who'd cost me money 15 years previously. It was all the better for waiting. I am sure there will be a couple of listeners who will take this on board today. Was I wrong about Gulf Keystone (GKP) yesterday HERE? No the analysis still stands, today's share price spike is a selling opportunity. I also look at Kenmare (KMR), Lakehouse (LAKE), Litebulb (LBB), MX Oil (MXO - statement needed - Crossrider (CROS), Afriag (TOAST), Blenheim (BNR) and Solgold (SOLG) which gets a detailed review and sell advice.
My earlier podcast on oil was I thought very balanced but one shareholder in Gulf Keystone (GKP) disagrees as you can see in the comments section beneath that excellent Bearcast HERE. My fried you are in denial just like Comrade wildes on LGO Energy (TOAST) and those who still believe in Avanti Communications (AVN). I refer to all three stocks but Gulf in particular as I examine the various facets of this common investor trait of denial.
The weekend press is full of stories of doom and gloom and dividend cuts for BP (BP.) and Shell and clearly there are a stack of smaller companies that are totally screwed and where shareholders are likely to face total wipeout. In that vein I discuss Magnolia (MAGP), Igas (IGAS), Gulf Keystone (GKP), XCite (XEL) and, of course, LGO Energy (TOAST). But is there a case for buying oil shares as a long term invester. I look at a few cases from BP down to Union Jack Oil (UJO). Perhaps there is no rush but the time will come.
As the summer wears on folks like little Keith Bush at Northern Petroleum (NOP), Andy Carroll of POS Mosman Oil & Gas (MSMN), halpess Neil Ritson of LGO Energy (TOAST) and Andrew "Piggy" Austin will be looking for new jobs as their company's go tits up. The graphic below suggests that next time they might want to try serving up something customers want to pay for?
We shall, for a moment, suspend our disbelief over the stated cash position of ShareProphets AIM-China Filthy Forty member Jiasen (JSI). Let us, for a moment, simply take the company at its word. Deeper analysis of yesterdays trading statement numbers shows a horror story unfolding, and casts a strange light on previous statements from the company. I suggest that what follows shows that Jiasen is toast, and uninvestable.
Today's ramp de jour is Marechale (MAC) which I debunk completely. The same rampers were active in Peer TV (PTV) - see earlier - and Glenwick (GWIK). They are scumbags. I laugh at Lenigas Cuba (CUB) have you seen the latest trade? Then it is onto Environmental Recyclying (ENRT), Octagonal (OCT), LGO Energy (TOAST), Greatland Gold (GGP), STM Group (STM), Phorm (PHRM), Quantum Pharma (QP.), XCite Energy (XEL) and Bahamas Petroleum (BPC), both in my 11 oil stocks to go bust list.
The Sith Lord Zak Mir will be leaving the rebel alliance for good on Sunday. As of now this site is (with the exception of the miserable froggie Thierry who has penned a great piece today) fundamentals only, no TA nonsense. We will do some buy tips but not of that ramping shite Bulletin Board Morons love - this site is becoming more critical and bearish. In terms of the market I comment on the joke that is ISDX in light of Nigel's great article today then onto MX Oil (MXO) - explaining market abuse & insider dealing for Wildes and other morons - LGO Energy (TOAST), Koovs (KOOV), UKRProduct (UKR), EG Solotions (EGS), Webis (WEB) and BMR (BMR)
After today's twitter harassment from Yusuf Kajee of Afriag (AFRI) I was rather reminded of the Spitting Image classic below. But it's a lie. I had a good chat with Jan Nelson of Xtract (XTR) who is a nice South African and I offer a few thoughts on his company and explain why our podcast interview will be in a few days. The it is onto LGO Energy (TOAST) and Jabba The Hutt ramping, Stanley Gibbons (SGI), Premier Oil (PMO), Independent Oil & Gas (IOG) and the China frauds. I also mention the new vehicle of Andrew "piggy" Austin of IGAS Infamy which Nigel takes apart HERE. He is not a South African but should be.
I think that Koovs (KOOV) is a basket case anyway but the manner in which it disclosed information - or lack of it - this morning is disgusting and treats private investors with contempt. The Gulf Keystone (GKP ) RNS is a shocker & I have cut my target price to well below 10p. Some folks just don't seem to accept how the oil price has changed everything and I discuss why certain stocks are now well and truly toast notably Northern Petroleum (NOP), IGAS (IGAS) and LGO Energy (TOAST). I am delighted to see that Cynical Bear's articles yesterday have had some impact and comment on Corero (CNS) in detail. And then Afriag (AFRI). Its my birthday tomorrow and I have a present for Yusuf Kajee to celebrate. Incoming!
I start by explaining to Zak Mir what a dead cat bounce actually means. That brings me to Golden Saint Resources (GSR). Then there is a detailed analysis of the worthless POS that is Magnolia Petroleum (MAGP), comment on why Wildes is so wrong on LGO Energy (TOAST), on Sports Direct (SDI), Premaitha (NIPT) and finally on Games Workshop (GAW) and Mysale (MYSL). I also continue pointing out why lunatics like George Ferguson the barking mad Mayor of Bristol, only serve to make retail stocks even more of an avoid.
I have just had a half sober lunch and explain what that means. I then move onto our champagne socialist, Guardian reading tosser of a Mayor here in Bristol, George Ferguson, and a pre lunch incident. Then onto Mobile Streams (MOS), Poundland (PLND) and LGO Energy (TOAST).
On today's regular bearcast naturally I do comment on a few Jabba The Hutt stocks - notably Afriag (TOAST) as they are tanking but the main David Lenigas leaves the AIM Casino bearcast is HERE. Elsewhere I look at 88 Energy (88E), New World Resources (NWR), Rightster (RSTR), CH Bailey (BLEY), Iofina (IOF), ECR Minerals (ECR), Gable (GAH), Concha (CHA), Conroy Gold (CGNR), Petropavlovsk (POG) and Alba Minerals (ALBA)
The pain killers are really starting to kick in and so I must warn you that this podcast contaions some bad language. Well quite a lot of bad language actually. On the agenda are the delusional fantasists who are running both Rose Petroleum (ROSE) and Condor Gold (CNR) into the ground. There is an apology on LGO Energy (LGO) but its shares, down again today, are still toast - I discuss what a strategic review means and why Bulletin Board morons are just so blinkered...they are in love you see. Then it is onto Iofina (IOF), Quoram (QRM), InternetQ (INTQ) and the dog Fitbug (FITB)
Once again sincere apologies to Jabba The Hutt groupies for failing to pick up David Lenigas on anything in yesterday's podcast. Before you all get cold turkey, I have a few observations about Octagonal (OCT) nonsense today.I start with a look at React Energy (REAC) a trainwreck involved in green energy shite. I suggest that anyone who believes in this hocus pocus nonsense should read "The Real Global Warming Disaster" by uncle Chris. Then it is onto Anglesey Mining (ATM), Golden Saint Resources (GSR), Slater & Gordon (TOAST) and Northern Petroleum (NOP). See you all tomorrow at Gold & Bears in London.
In today's podcast I deal with reader complaints that we have not given enough coverage to the various business interests of fat Aussie share ramper Jabba The Hutt. And so I cover Lenigas Cuba (CUBA), Big Jabba's preposterous claims about liquidity on ISDX and Solo Oil (SOLO) - placing ahoy! I also look at Mosman Oil & Gas (MSMN) - more shite from poltroons from the land where most folk are descended from convicts - Flying Brands (FBDU), 88 Energy (88), Kea Petroleum (TOAST), JQW (FRAUD), Northern Petroleum (NOP), Optibiotix (OPTI) and African Potash (AFPO). I also deal with some wanker on twitter who thinks I am a sexist and wants to have a fight with me and ask more questions about market abuser Chris Oil AIM IPO car crash waiting to happen, Mkango Resources
A few folks seem to take exception to my exception to state sponsored extra judicial execution. Big Big brother really loves folks like flip flop Turney. Away from that I discuss the pros and cons of death spirals ( a reader request) and there are a few jokes at the expense of fat Aussie share ramper David Lenigas. I look at DCD Media (DCD), Caza Oil & Gas (TOAST), Nu-Oil & Gas (NUOG), Stanley Gibbons (SGI), Rurelec (RUR) and Oilex (OEX) and a few other bits and bobs
Shares in AIM POS Sovereign Mines of Africa (SMA) have been much ramped of late on the basis that there may be a rescue investor in or buyer of its Mandiana project. Time for a reality check.
Time and time again I have warned you that AIM listed Rightster (RSTR) was a wrongster, an accident waiting to run out of cash. An announcement on Friday must go up as another win for the Sheriff, it is five minutes to goodnight Charlie for shareholders.
In today's podcast I cover David Lenigas firing Hume capital, TXO (toast I suspect), Jiasen & Gowin New ( China toast to come), Monitise (vindication almost complete after latest profits warning), Quindell (loons, toast to come) and Oxford Instruments (shoot the PR, visibility nil, bargepole).