By Newt Seaman | Thursday 11 February 2016
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Our old friend Tim Baldwin of TXO, RAM and Cientifica infamy is still at it. TXO (booted off the Casino in Mar 15) narrowly managed to avoid the stake through the heart when GBG did come through with a £250,000 loan to pay off some of the debt due on 31 Oct 15. Tim no doubt managed to convince the rest of his creditors – estimated at another £250,000 to give him more time. The question is, with the lobster pot closed to new lobsters, how to get more cash through issuing confetti? Easy..
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