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How close to insolvency is the LSE Asylum?

By Tom Winnifrith, The Sheriff of AIM | Wednesday 15 March 2017


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.


Hat tip to reader Bearfacts for pointing this out but one must ask if the London South East Bulletin Board, aka the LSE Asylum, is close to going bust? Fingers crossed.

As you know it has a business model of not allowing anyone to post even a vaguely cautious comment about whatever fraud is the current ramp de jour but it does allow its punters to discuss how to beat me up or the death of my six month old son (who is alive & kicking BTW). It strikes me that such an approachj to free speech is a flawed business model since it will repel any potential user who has a shed of integrity while others disappear having filled their boost with worthless shite and eventually realise that the LSE's censorship of bears did them no favours.

Maybe things have changed but the abbreviated smaller company accounts for the year to May 31 2016 show current creditors and debtors essentially matching out while cash plunged by almost £150,000 to £126,911. The loss on the year was £146,673. Maybe the current year has been a bit better. One would hope so because a continuation of that trend would see the company running on fumes by now.

Of course its big mistake was sending me a fascist lawyers letter for having the timerity to point out that its coverage of broker notes on the fraud Quenron (QPP) was "fake news". Threaten The Sheriff of AIM in that way and you are almost certainly doomed. This piss poor financials of the Asylum suggest that the fat lady could well be warming up!


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