ShareProphets

Saturday 25 March 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


8 April 2016, 09:15 | By Tom Winnifrith |

Richard Gollum Gill says Lenigas Cuba a conviction buy. We disagree.

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. 

8 April 2016, 08:49 | By Tom Winnifrith, The Sheriff of AIM |

8 April 2016, 08:35 | By Tom Winnifrith |

FastForward - has Jim Mellon taken lessons from Lenigas on RNS blizzard rampfests

Since March 3 in 25 working days, my old pal Jim Mellon's AIM casino listed FastForward Innovations (FFWD) has released 9 ramptastic good news RNS statements - one every three days. Since 31 March it has released 6 statements - that is to say almost one a day. It is almost as if Jim has been taking lessons from the master, Mr David Lenigas, on the art of the blizzard of ramptastic releases. Yet another placing with your tea vicar? It is also the nature of the releases that concerns me.

8 April 2016, 08:15 | By Malcolm Stacey |

This Share Shouldn't Fall by the Roadside, But There May Be Better Punts.

Hello Share Togglers. I don’t own shares in AA, and I’m not planning to buy any. They have the best known brand in the car recovery business. But there is a lot of competition out there.

7 April 2016, 16:23 | By Tom Winnifrith, The Sheriff of AIM |

Solo Oil - after the pump, the moron screwing dump in true Lenigas & Ritson style

Yesterday on the back of news from the Kiliwani gas field in bongo bongo land Neil Ritson, gopher to the fat aussie share ramper David Lenigas seemed keen to let share trading morons across the land know how exciting this was for Solo Oil (SOLO). Some morons paid up to 0.4p in the secondary market. The shares are now 0.27p to sell after the inevitable placing but the numbers still make no sense.

7 April 2016, 15:15 | By Tom Winnifrith |

Tom Winnifrith Bearcast 7 April - it is like passing your frigging driving test

I shall leave Solo Oil (SOLO) to a distinct piece on this day of vindication but suffice to say the numbers do not add up. While Lenigas groupies wait for that remember to enter the Jabba yacht caption contest where we already have some cracking entries (HERE). Then I look at corporate governance and how the City needs to be seen to be whiter than white, ref Paternoster Resources (PRS). Then it is onto: Kodal (KOD), 88 Energy (88E), Miton Group (MGR), Belgravium (BVM), Environmental Recycling (FRAUD) and Ascent Resources (AST).  And finally remember to pre-order the latest free e-book from myself especially if you are a Bulletin Board Moron and want help - you can do so HERE

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7 April 2016, 12:48 | By Nigel Somerville |

Fraudster Rob Terry: A new Quob Park vehicle – what for, and what's going on?

Quob Park Health Limited was incorporated on 31 March 2016, but thus far there is no sign of Rob Terry being directly involved. Not on the surface, anyway, but digging a little deeper there are a few links. One wonders what is going on?

7 April 2016, 12:23 | By Tom Winnifrith, The Sheriff of AIM |

Proof that Pinsent Masons Partner Russell Booker urged Sefton Resources to make fraudulent BB smear postings - leaked email emerges

City law firm Pinsent Masons acted for Sefton Resources (SER) as it attempted to gag myself and Brokerman Dan (Levi) from exposing the fraud at the heart of that company under Jim Ellerton. We stood up to Pinsent Masons bullying and won that libel case. Sefton caved, Ellerton was fired and we had our costs and damages paid by Sefton. Now I have obtained a leaked email which shows how Pinsent Masons partner Russell Booker urged Sefton to make fraudulent internet postings to discredit myself and Dan. Pinsent Masons claims to be an ethical firm. How can it be ethical if it does not fire Booker at once?

7 April 2016, 11:34 | By Tom Winnifrith |

The Stench of Lenigas & REM: European Metals & Lithium Australia who ditched who?

On 15 December 2015 long time David Lenigas lackey Roland "fatty" Cornish floated, already Aussie listed, European Metals (EMH) on the AIM Casino on the back of its Cinovec lithium project in the Czech Republic.

7 April 2016, 10:03 | By Steve Moore |

ShareProphets readers tips for 2016 competition - end March update

Having asked for readers tips for 2016 for the amazing prize of lunch or dinner with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected a buy & sell pick and those to be listed on the LSE or on the AIM Casino).

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7 April 2016, 09:16 | By Tom Winnifrith, The Sheriff of AIM |

CIC Gold perhaps its main man might tell us about his failing bank: where's the money gone?

I have long pointed out that with the stench of Stuart Bromley surrounding it, CIC Gold (CICG) is a dog with fleas that no sane investor would wish to own. Its shares have duly tanked. I have flagged up before the interesting business past of COO His Excellency Ulambayar Barsbold which the LSE seems perfectly happy to ignore - clearly this chap is a fit and proper person to run a London listed company. So how does the LSE feel about the bank where His Excellency is CEO, Credit Mongol, see HERE

7 April 2016, 07:54 | By Nigel Somerville, the Deputy Sheriff of AIM |

Petroneft - lifts restrictions on Natlata

Well, at least this part of the AIM- and Dublin ESM-listed Petroneft (PTR) soap opera won't end up in the hands of the lawyers - not for now at any rate. (Almost) 30% shareholder, Natlata - which has requisitioned a sack-the-board EGM - has had the restriction notice served upon it lifted by the company. We await news of the second restriction notice which was served upon General Interest Overseas S.A. which held a further 10.7%.

7 April 2016, 07:54 | By Steve Moore |

accesso – less than a month after “confidence in 2016 and the years ahead of us”, major director share sales

Technology provider to the leisure and entertainment markets, accesso (ACSO) has announced the sale of £18.81 million of shares “by certain shareholders of the company, including certain board directors”. Hmmm…

7 April 2016, 07:47 | By Gary Newman |

Metal Tiger has reached a crazy market cap - sell!

If there was an award for issuing the most RNSs in the space of a few months, then Metal Tiger (MTR) would be well up there as one of the main contenders!

7 April 2016, 07:45 | By Steve Moore |

Table of shorted AIM shares - end Mar 2016

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of March 2016 (by net short position %) - and if the positions have increased (red), reduced (green) or remained unchanged (black) since last month...

7 April 2016, 07:43 | By Cynical Bear |

Strat Aero – Look out, he’s behind you!

As Tom noted on yesterday’s Bearcast (HERE), Strat Aero has moved into full-on panto mode with a second letter from Mr Hulsey Smith and a response from Strat Aero. Fun aside though, I wanted to take a closer look at the insolvency question and dig into the numbers.

7 April 2016, 07:40 | By Malcolm Stacey |

Punt into Portmeirion Pots for Possible Pots of Profit. (Say that Aloud!)

Hello Share Tuggers. Armchair tycoons like us tend to be attracted to sectors which are in the news. The big ones - like banks and oil giants, for example. And we all know what’s been happening to them over the last few years.

6 April 2016, 14:29 | By Tom Winnifrith, The Sheriff of AIM |

WH Ireland - back office to close at end May up to 30 P45s to be issued

Pensioner mugging stockbroker WH Ireland (WHI) has not announced this via RNS yet but just to remind it to come clean, my source close to the action says that the back office unit of its stockbroking operation is to be closed at the end of May. It is not clear if the almost 30 staff - many of whom have worked there for more than two decades - have been given the bad news yet. Well I guess they have now.

6 April 2016, 14:17 | By Tom Winnifrith |

Telecom Plus sliding on Berenberg downgrade - I'm a bit confused

Shares in Telecom Plus (TEP) are down 40p to 843p thanks to a downgrade of stance from buy to hold by Berenberg in the note below. The target price comes down from 1400p to 1000p so with upside at the start of the day of 14% surely that makes the shares cheap? Whatever. It seems an anodine note to me. I remain a bear as per Kevin Ashton's most awesome analysis HERE but you make up your own mind

6 April 2016, 14:07 | By Nigel Somerville, the Deputy Sheriff of AIM |

Imaginatik - is fraudster Rob Terry about to return to AIM?

AIM-listed Imaginatek (IMTK) has just responded to Press Speculation - one assumes the Daily Mail story Rob Terry is planning a takeover - but pointedly failed to deny the story. Is Rob Terry about to launch a bid and return to the Casino? I though April Fool's day was last Friday....

25 March 2017, 12:10 | By Tom Winnifrith |

The March edition of the UK Investor Magazine is live - with why we fight fraud

The March edition of the UK Investor Show Magazine is live featuring 7 share tips, company profiles, interview with Richard Poulden of PCGE, why we fight fraud & fake news on Channel 4, Donald Trump, Marine Le Pen, a look at the banksters and much more.

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19 March 2017, 15:24 | By Tom Winnifrith |

Bulletin Board Moron of the Week Contest Sponsored by the FRAUD Cloudtag (again)

It has only just dawned on me that in exactly two weeks time, at 4.30 PM I shall be cracking open the ouzo to celebrate the fact that no Nomad on AIM is so desperate for cash and morally bankrupt that it will act for the fraud Cloudtag (CTAG). And there will thus be an RNS issued to say that it will be slung off the Casino. As that day looms, how will the Bulletin Board Morons spin that as good news? Happy hunting on Cloudtag threads - and others - as we ask you to nominate the most moronic BB posts or tweets in the comments section below. The deadline is midnight Sunday 19th March and, yes, Wildes our pet in-house loon - can nominate his own posts if he wishes.

21 March 2017, 14:26 | By Tom Winnifrith |

A One Off: Meet and talk 1-2-1 with Nigel Wray, the man dubbed Britain's Buffett only at UK Investor on April 1

Normally Nigel Wray turns up at UK Investor, talks and leaves. This year - our 15th anniversary party - is different. He will be there from start to finish and when not on stage that opens up a unique opportunity for those attending on April 1. For more than 40 years, Nigel , the man dubbed Britain's Buffett, has been a stockmarket legend for his ability to generate stellar returns not by wild gambling on mining punts or biotech start ups but by rigid value investing. Like the Original Buffett, the Sage of Omaha, Wray is a bottom up value investor who buys and holds. Would you like to know what he thinks is the cheapest share in London? Would you like a one to one chat with Nigel?

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19 March 2017, 10:26 | By Pizza Hardman Darren Atwater |

Notes from Underground: The Teddy Bears picnic

ShareProphets readership increases every week - we can tell because we're a registration site and if you unsubscribe, you are kicked off the site. We don't have a dead subscription list like other, lesser, sites.

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19 March 2017, 11:02 | By Tom Winnifrith, The Sheriff of AIM |

19 March 2017, 11:57 | By Cynical Bear |

Milestone Group: Shocking ramptastic RNS’s with just one purpose – placing anyone?

Tom and I have been pretty consistent in our criticism of lifestyle company, Milestone Group (MSG), and although it was touched upon in Friday’s Bearcast (HERE), I thought the ridiculous recent RNS’s required a bit more of a kicking. It is an appalling effort with one sole purpose, to try to seduce new mug punters into supporting this useless company.

20 March 2017, 08:18 | By Malcolm Stacey |

How the Weak Oil Price Threatens the Footsie's Perky Progress

Hello Share Twirlers. Though the Footsie has been striding ahead, it would have done far better if the oil price had behaved itself. We are not just talking oil shares, but the whole of the share economy. A weak oil price has a negative effect all round.

19 March 2017, 13:13 | By Tom Winnifrith |

Precious Metals Video Update: Short-Term Upside But How Much?

In this video Jordan Roy-Byrne of Palisade discusses the short-term upside potential in gold stocks and the key resistance levels. It would be a good sign for miners if they can test their February highs. Otherwise, the sector would remain in a trading range.

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19 March 2017, 13:14 | By Gary Newman |

Is it worth giving Chariot another chance?

Chariot Oil and Gas (CHAR) has begun to get my attention again recently as it has plenty going on operationally during the next year or so, and could well become a popular share to be in once again.

19 March 2017, 14:19 | By Nigel Somerville, the Deputy Sheriff of AIM |

Stuttard’s Septic Seven – March update (or is that down-date?)

Marcus Stuttard, as head of AIM, completely trusts and supports the regulatory framework of the world’s most successful growth market. As such, and ever keen to help, ShareProphets put together a beautifully diversified portfolio of AIM-listed stocks for him, so that he could demonstrate his faith in the system he oversees by investing in stocks which we have Red Flagged. How better than to put his money where his mouth is to show us that there is nothing wrong. Last time I revisited the portfolio it was down by some 23%. If that had Mr Stuttard feeling a bit queasy, he had better look away now….

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19 March 2017, 15:23 | By Tom Winnifrith |

Tom Winnifrith Bearcast - Theresa May forgets the wise words of Ronald Reagan at her peril

In today's podcast I look at Peak Club - the mad debt binge at Soho House and what it tells us about asset bubbles and more. Then I cover Theresa May's misguided proposals on executive pay before finally covering the latest boardroom antics at Bowleven (BLVN) , putting it up for sale.

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19 March 2017, 15:13 | By Nigel Somerville, the Deputy Sheriff of AIM |

Servision – AIM Rule 26 webpage almost a year out of date, and where is Cascade TR-1?

AIM-listed Servision (SEV) still looks to be a story too good to be true. With the company scraping by on boardroom emergency loans and running out of cash, along comes Cascade which agrees to pump in boat-loads of cash at more than 400% of the prevailing share price. We have been told that the first tranche of shares has now been issued (and, indeed, admitted to trading on the Casino), and the cash received. But we’ve not had a TR-1. And why is the company’s AIM Rule 26 major shareholdings web-page almost a year out of date?

19 March 2017, 15:20 | By Tom Winnifrith |

Jason Drummond's Gametech: Heading for administration but is it all what it seems?

Four days before Christmas I revealed that after Teathers Financial (TEA), the next venture of Jason Drummond, Gametech, was planning a listing on NEX Markets c/o London's worst financial adviser/Nomad Mr Roland "Fatty" Cornish. Wind forward and the Court filing below suggests that it is on the brink of bankruptcy. But is all it seems?

20 March 2017, 08:26 | By Gary Newman |

Zinc Media looks expensive based on latest financials

Small AIM outfit Zinc Media (ZIN) released its interim results last week and trumpeted that it is continuing to move in the right direction, but I would question whether the turnaround is happening fast enough to make the shares attractive.

20 March 2017, 08:27 | By Tom Winnifrith, The Sheriff of AIM |

Milestone Group – a lifestyle business for Deborah White: the hard data

I think Deborah White of Milestone Group (MSG) should be fired and then made to to a perp walk for her blatant breach of AIM rules with regard to non disclosure of price sensitive information. But there is another reason to hand Debs a p45 today...her stunning record of non delivery. It is worth chronicling just how bad it is.

20 March 2017, 11:14 | By Steve Moore |

CAP-XX – interims argue “excellent progress”, but financials look CrAP (XX)

Self-described “world leader in the design and manufacture of supercapacitors, which considerably extend the performance of batteries”, CAP-XX (CPX) has announced results including that it “has again made excellent progress over the six months to 31 December 2016 and beyond in building on and refining its strategy”. Sounds positive. What? The shares currently 16% lower, at 8.5p?!?…

20 March 2017, 09:52 | By Nigel Somerville, the Deputy Sheriff of AIM |

China FRAUD Aquatic Foods Q4 update: drowning in a sea of Red Flags

ShareProphets AIM-China Filthy Forty purveyor of all things fishy, Aquatic Foods (AFG), has updated on 2016 Q4 trading this morning. In a statement plastered with Red Flags it would appear that the company is nearing the final chapter of the China Norfolk playbook as we are warned that there has been a spot of bother getting cash out of China. Is it bye-bye to the dividend? 

25 March 2017, 12:10 | By Tom Winnifrith |

The March edition of the UK Investor Magazine is live - with why we fight fraud

The March edition of the UK Investor Show Magazine is live featuring 7 share tips, company profiles, interview with Richard Poulden of PCGE, why we fight fraud & fake news on Channel 4, Donald Trump, Marine Le Pen, a look at the banksters and much more.

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25 March 2017, 12:12 | By Tom Winnifrith |

Bulletin Board Moron of the Week Sponsored by London South East

Well this is a company that will sponsor any old crap and let's face it, 95% of Bulletin Board Morons post on the LSE Asylum. As the countdown to the fraud Cloudtag (CTAG) being booted off AIM next week accelerates you kind of sense which stock will be the focus of most entries. The competition rules are simple. Just nominate the daftest post on a BB or on twitter in the comments section below. Once again, our in-house semi-trained loon Wildes is allowed to nominate his own posts. The deadline for entries is midnight on Sunday 26th March. Post away!

24 March 2017, 08:07 | By Tom Winnifrith |

David Buik of Panmure - not sure if your tweet is shameful or just pointless

David Buik is one of those City grandees you are not allowed to criticise. It is like having a go at the late Queen Mum or beating baby seals to death. In that vein he sent out a wteet today which is wrong but I am not sure why exactly.

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23 March 2017, 14:29 | By Tom Winnifrith |

Tom Winnifrith Bearcast: Paternoster Resources why cheap could be incredibly expensive

I comment on the hopeless response of smug MPs and the established media to yesterday's terror attack on my own website in a podcast HERE. On the markets I look at expectations management at Next (NXT), at how we know or knew about the balance sheet at Toople (TOOP) covered HERE by Cynical Bear or Advanced Oncotherapy (AVO) heading for 0p and covered in detail by me earlier HERE. I look at Public Services Properties (PSPI ) and what its AIM casino departure says about RTOs and contingent liabilities - which reminds me again of New World Oil & Gas (NEW). Finally I have a detailed look at the strange world of Paternoster Resources (PRS), not a stock you have to own in any way. PS Cynical Bear is not me. Can you see any typos in his articles?

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24 March 2017, 15:37 | By Tom Winnifrith |

Tom Winnifrith Bearcast: You cannot finesse & trade fundamentals: ref Minoan & Wishbone

The Mrs (on maternity leave) is off galavanting somewhere. Eight days ahead of UK Investor, the busiest time of the year, I am babysitting. I am such a god damn frigging feminist. Anyhow I record this in terror lest Joshua wakes up. In today's podcast I explain why you cannot finesse a trade on a fundamental play and discuss Minoan (MIN) and Wishbone (WSBN) in that vein. I look at Digital Barriers (DGB) the latest triumph from Cloudtag (CTAG) moron in chief Liam Nichols. I discuss Tethys (RPL) which like Cloudtag is soon to leave the AIM Casino, Nyota (NYO) and London Capital (LCG).

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24 March 2017, 11:11 | By Tom Winnifrith, The Sheriff of AIM |

Management Resource Solutions holds gun to head of poor shareholders

When running Broken Hill Resources (BHR) into the ground Murray D'Almeida threatened shareholders to vote for a crap deal at a GM or face wipe-out. Despite the infamous hairdresser sham placing, shareholders voted against Murray and his colleagues on the "screw you - we hate you so much" principle. Now with D'Almeida pulling strings at Management Resource Solutions (MRS) as a consultant - to avoid GM eviction shame see HERE - the same threat is being used.

24 March 2017, 08:07 | By Tom Winnifrith & Darren Atwater |

Yet another Cloudtag Countdown clock - how long till the Fady Lady sings?

If no Nomad is prepared to act for the FRAUD Cloudtag (CTAG) then its shares, now suspended, will be booted off the AIM Casino. No AIM = no death spiral funding so it will - very soon - run out of, other people's cash, and will go bust. But the first step is being booted off AIM. And, inspired by liar Amit Ben Haim, we have a useful countdown clock until that ouzo moment. Enjoy.

25 March 2017, 12:13 | By Tom Winnifrith |

Tom Winnifrith: The Top short sellers, bears and fraudbusters all together on April 1 - don't miss out

You might hate bear raiders. You might think that short selling is unethical. But what you cannot argue with is that ignoring men such as Evil Knievil when they sniff out a fraud or accounting malpractice will cost you a packet. At last year's UK Investor Show the Country's top bears did a detailed presention on AIM darling Avanti Communications, one of the AIM companies most beloved by professional fund managers. Since that warning Avanti shares have collapsed by more than 90%. This year the bears have new targets.

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24 March 2017, 08:07 | By Malcolm Stacey |

How to Make Money on Full-Year Results - If You Dare

Hello Sharemates. As predicted on this glorious website some time ago, the share price of IQE (IQE) would fall on reporting day - and then recover. In the event when the figures were revealed on Tuesday, the shares fell by about 12%. This was not logical, as the results were rather perky, as I outlined at the time.

23 March 2017, 14:28 | By Tom Winnifrith |

Twitter Investment Genius Caption Contest

The fellow or lady from the Costa del Crime is yet to tweet but he (or she) has a cracking portfolio as you can see on his/her profile, headed up by the fraud Cloudatag (CTAG). In light of that I wonder if you would care to suggest a first tweet as our caption contest with a twist. Submit your entries in the comments section below. The deadline is midnight tonight, 23rd March

24 March 2017, 14:03 | By Steve Moore |

Flowgroup – energy supply business disposal & microCHP boiler production updates

Writing last month on Flowgroup (FLOW) I noted the shares down below 6p, having been 25p+ less than a year ago. Having fallen further, to sub 4p, they have currently recovered to 5p following a couple of recent announcements…

24 March 2017, 08:07 | By Tom Winnifrith, The Sheriff of AIM |

Gametech Beer & Popcorn time: Drummond vs Skelhorn, the latter bites back with a vengeance

The demise of Gametech PLC the next venture of Jason Drummond after the Teather's (TEA) debacle looks clear - so much for a stockmarket float care of London's worst Nomad Roland "Fatty" Cornish. We revealed the Gametech was heading for tits up town HERE last week. Now Mr Drummond's apparent arch enemy Richard Skelhorn has bitten back with an official statement relating to that article:

24 March 2017, 11:10 | By Steve Moore |

Digital Barriers – trading warning (you were warned). Timberrrrrr…

Shares in surveillance technology company Digital Barriers (DGB) are currently more than 17.5% lower, at 25.5p, on the back of a “Trading Update” announcement. Trading warning ahoy! You were warned

24 March 2017, 11:09 | By HotStockRockets |

ECR Minerals - New Aussie Gold license, things are starting to bubble

With funds replenished by the recent placing the new management team at ECR Minerals (ECR) is - as predicted - not hanging around. The shares are well up on our share tip  at a 1.7p offer, at 1.9p-2.05p. If you can get stock at 1.9p you should do so - our target to sell remains 2.5p+ and we expect to be there soon. The newsflow is only just starting.

23 March 2017, 14:25 | By Steve Moore |

Solid State – full-year trading update, what does “broadly in line” mean here?

Specialist electronic equipment manufacturer and components distributor Solid State (SOLI) has made a “Trading Update” announcement – and the following reviews with the shares currently more than 10% lower, at around 450p, in response…

25 March 2017, 10:43 | By Tom Winnifrith |

Shore Cap on Amryt at 18.5p - target price increased from 35p to 88p!

Shore cap is House broker to Amryt Pharma (AMYT) so everything it writes cannot be said to be any way shape or form impartial. And since we own a shed load of the shares we are biased as hell too. Having said that this note is detailed and lifting the target price from 35p to 88p in light of recent news is pretty dramatic given that the shares were 18.5p on Friday when this "most excellent" research note came out.

25 March 2017, 12:07 | By Tom Winnifrith, The Sheriff of AIM |

Crown Ocean slams the management of Bowleven - makes very serious allegations

I have just noted that my old pal "thirsty" David Bick is doing the PR for hedge fund Crown Ocean in its battle to oust the shamed, discredited and unwanted board and management at Bowleven (BLVN). If you are in a scrap with utter scumbags having Bick on your side is no bad thing as he is the king of this form of trench warfare, gutter warfare. Team Crown issued a statement on Friday which is damning. You will remember that the management of Bowleven is still in place despite shareholders voting most of the bastards off the board and now they are trying to flog the company. Crown - quite correctly - smells a monstrous rat. It states:

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