Tom Winnifrith Bonus Bearcast: Clueless Chancellor Hammond gets it all wrong on snowflakes and the housing market
Published 84 days ago
You may remember the strange tale of African New Energies, a private company that, as I revealed HERE, was desperate to tell you that it was going to be taken over at £3.50 a share but because it was run by such a nice guy was able to offer you a chance to buy placing shares at just 11 cents. A 44 bagger on offer in February 2017 - what could possibly have gone wrong?
Published 130 days ago
Back in February 2017 I was contacted by a private company Africa New Energies asking if I wanted to buy shares in a placing at 11 cents. Since the company is run by Stephen Larkin, a man who takes advice from loathsome Richard "Gollum" Gill I was nor rushing to sign up. But then I was told, but we are going to be taken over soon at 350p per share a bid has been tabled! Er... so is this placing not sort of insider dealing I asked?
Published 339 days ago
Oh dear. Oh dear. I do really worry that my old friend Jim Mellon is not finding the asset stripping of certain media assets that I created that much fun. He keeps on saying that his, me-too, piss poor investor show is profitable but the numbers speak for themselves. At this rate surely he is going to get bored of blowing half a million quid a year and the Master Investor show, now with morally bankrupt PR disaster zone Steffi running the joke sales effort, must be likely to be closed down very soon indeed. The bad news was snuck out to Companies House so late it attracted a fine for poor Jim, pm 15 December when no-one was watching. Except me.
Published 391 days ago
Management Resource Solutions (MRS) has been a stock much ramped by the usual suspects and its shares have flown until last Thursday when they were suspended pending clarification of its financial position. The next day the CEO and founder was fired. But we can reveal that the CEO Paul Morffew claims this is a stitch up and, as a 20% shareholder is prepared to fight back. This has the potential to be another major AIM scandal given that it was less than two months ago that £2.8 million was raised at 10.5p. Nomad and co broker Northland is refusing to answer calls and its position now looks untenable.
Published 538 days ago
Oh dear, Oh dear, when even those you pay to produce buy notes, refuse to promote your shares you know that you are in trouble. Equity Development, which has been pumping Fastjet hard since 2013 has today said it cant set a target price any more. Cripes, I suppose that if FastJet can spare a few quid it could always get Gollum and Zak Mir to ramp its shares but back to those paid for rampers we can take, at least a bit, seriously.
Published 538 days ago
Earlier today we flagged up a planned rampfest investor evening organised by jam tomorrow and hot air producer Inspirit Energy (INSP) which - according to the original RNS - featured an array of attractions including Zak Mir - who was laughably described as the UK's favourite technical analyst, which Nomad signed off on that crap? - and a chance to quiz FD Nilesh Jagatia. Oh goodie goodie thought a number of folk from the Teather (TEA) shareholder action group who would like to ask Nilesh about how he has trainwrecked their company and if he condones blackmail?
Published 595 days ago
As if poor shareholders in Lenigas Cuba (CUBA) did not have enough reasons to be miserable now they must cope with news that Richard "Gollum" Gill has published a buy note on the stock.
Published 773 days ago
Today is day 5 of POS AIM listed Golden Saint Resources (GSR) attempt to avoid insolvency with a £250,000 crowd funded debt death spiral. As we noted on Sunday (HERE), £800 has been chipped in so far by employees of crowdforangels including its imbecilic compliance officer Gollum (HERE). So how much has been raised on day 5? And just how insolvent is the company? Er..