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Tom Winnifrith Bearcast: the spiral of death when stakeholders smell a cash crisis – ref AO World

By Tom Winnifrith | Sunday 3 July 2022

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.

I start with some explosions here at the Welsh Hovel, and how Bearcast listener, G, cannot assist. Talking of explosions, I comment on the IRA-loving cottage burners, as I attended a Welsh independence march with the kids, yesterday. In hindsight, I'd rather have attended the Pride March. Well, maybe not - it is a marginal call. Then, it is onto SPACs and the schoolboy error of Wildcat Petroleum (WCAT). Finally, AO World (AO), which looks utterly screwed. 

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