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.
Entrepreneur Big Dave Lenigas has got into a spot of bother before for his activities on twitter. I accept that Mr Lenigas is enthusiastic about his investments but for his own sake he should get off twitter now. Pre-placing tweets about Rare Earth Minerals (REM just look wrong. And then there is the email.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Mooboy
I do have to say Tom, if this guy wasn’t someone you personally liked you would absolutely rip him a new one.
Very disappointing that you cover his wankish ramptastic behavior under the banner of ‘Enthusiasm’.
But we all have our favorite eh?
wildrides
The shares have not moved ……… whats all the fuss about ?
Any how its only clay ………. the bloody stuff is just about everywhere ………. I dont know why people think its rare . Its the tech to get it out of the clay that is hard to do .
people knock big Dave Lemongas ………. but he made alot of punters wealthy with LGO .
catempire
Tom don’t you think the idea of a 7 day blackout could be seen as a bit of an advantage to non twitter trolls?… day 6 no tweets from the company and every body starts to hit the sell button, folk on the forum wondering wtf is going on.. nice idea tho, maybe Leni should just keep his mouth shut and stop leading people down the path of bankruptcy instead?
Personally think CEO’s should be using twitter, it does no good for the long term growth of any company in-fact its quite meaningless unless you believe 100 word tweets from Aim CEO’s, if the people that spend all day chatting Sh*te on twitter spent a bit more time researching and spotting a decent entry they’d probably be a lot better off.
As for David Leni not a fan never have been the only time he has ever done a good job he has got lucky or relied on NR … he’s a salesman and a lying one at that.
cha cha
Very good article. Selling empty air baloons finally reflected on share price. Might be there is some lithium, but is it commercial? There is no harvesting planned any time soon. I wonder how lond Mr Lenigas will continue writing zeros in his paper value of REM. Investors are fed up with this.