Results

LightwaveRF – discounted fundraising “to continue to scale the business… and provide working capital”. Really?!

Published 24 days ago

“LightwaveRF (AIM: LWRF), the leading smart homes solutions provider, is pleased to announce that… it has successfully raised gross proceeds of £2.50 million through a placing of, and a subscription for, an aggregate of 29,411,780 new ordinary shares at a price of 8.5 pence per share”. Hmmm…

MediaZest – placing announcement, contradictions everywhere!

Published 31 days ago

Previously writing on audio-visual marketing company MediaZest (MDZ) in September I questioned it arguing “strong performance”. Today a placing announcement…

Starcom – from “breakeven position or a small loss” to now a loss “materially higher” than this – with a placing inbetween!

Published 396 days ago

On 18th January Starcom (STAR) was “pleased to provide an update in respect of the results for the year ended 31 December 2017, which are subject to final audit… it is anticipated that the consolidated net profit after tax will show a breakeven position or a small loss”. It was then placing ahoy. Now “although the audit process is not yet completed, it has become clear that the final results for 2017 will differ materially from those previously anticipated in that announcement”. It better hope in a good way then…

Nyota Minerals – mega ramp & joke valuation following discounted, ‘keep the lights on’, placing?!?

Published 685 days ago

Last week Nyota Minerals (NYO) was “pleased to announce” a placing to raise up to approximately £93,880 (approximately Australian$120,000) at 0.02p per share. Despite this thus looking very much a ‘keep the lights on’ raise, the shares have currently reached 0.07p. Hmmm…

Starcom - keep the lights on placing at no-one is watching O'Clock - how predictable

Published 1092 days ago

The boy Moore is actually on holiday while I am at my keyboard so I shall do the crowing for him as his words of warning on uber-dog Starcom (STAR) came good with a keep the lights on placing at no-one is watching O'Clock (3.54 PM) the day before the Easter break.

Surface Transforms – fundraising announcement; smaller investor shafting o’clock

Published 1102 days ago

“Surface Transforms (SCE) is pleased to announce a conditional equity fundraising of up to £5 million… The net proceeds of the fundraising will enable the board to pursue its strategy of having the capacity to supply the commercial volumes which may be required by automotive OEMs… as well as fulfil their existing commitments to the company's aerospace and other customers”. Hmmm…

Fitbug Trading Update - short on numbers, very short on cash..its fucked

Published 1181 days ago

It is not what Fitbug (FITB) says in its year end trading update which is alarming but what it does not say. Mr Market was not fooled by this hogwash and the shares are off 20% at 0.9p. That makes the shares still overvalued by circa 100% but the final demolition of this POS, which was ramped so disgracefully by certain folks, can wait for 2016.

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