After the results last week the knockers said that Optibiotix (OPTI) would place as it was running out of cash. They were half right, but half very wrong. So before they gloat.

When will Julie "lingerie on expenses" Meyer start coming clean on her ridiculous ACE fund which the Useless cocksuckers at the FCA are still allowing her to raise fresh money for? We have already show the fund being used to buy worthless assets from Meyer's Ariadne Capital Limited to pay its bills HERE and demonstrated the fantasy valuations and assumptions Meyer makes HERE. Now to some more complete stinkers. Let's start with more problems with Ariadne and who owns what?

I hold shares in both Eridge (the re-named and redomiciled New World Oil and Gas (NEW) which was booted off the Casino following the most extraordinary run of events) and in AIM-listed Big Sofa (BST). I was therefore wondering what was going to happen to the convertible loan which Eridge held from the days when it was going to be the vehicle into which the Big Sofa was injected before a few things came to light which eventually saw that fine firm of Beaumont Cornish resign and run for the hills as Nomad in one final two-fingered salute to (then) New World’s shareholders.

A trading update from Pressure Technologies (PRES) commences “the Alternative Energy Division has scored several notable successes since the start of the current financial year, which demonstrates our continued leadership in the biogas upgrading market” and includes “the biogas market offers substantial potential” and “our Manufacturing Divisions continue to have a strong position in the global, safety critical markets they serve… an upturn in the oil and gas market and a well developed position in the defence market”. The shares have responded to the update, er, more than 22% lower, to 144p…

Oh dear, oh dear. She owes money to the IRS, HMRC and two banks, she has made a personal guarantee to a third bank for £173,000 and the rent on her apartment has not been paid for months, could the financial woes of Julie "lingerie on expenses" Meyer get any worse? Er...yes. Here are details below from the public register of County Court Judgements, CCJs, for unpaid bills. Who I wonder will be the first creditor to send in balliffs or to seek a bankruptcy order against the devout Christian. 

Hello, Share Smashers. Sensible investors will be getting alarmed at the headwinds facing high street stores. This makes me rather pessimistic about the future of those familiar emporiums of Halfords (HFD). I always think ‘bikes’ when this enterprise is mentioned. And though I know it sells a lot of other stuff, as a non-customer, I still can’t easily picture exactly what Halfords is really about.

The latest Winnileaks bombshell for Julie "lingerie on expenses" Meyer MBE is a spreadsheet of her ACE fund as at 29 February 2016. In part 1 I have shown how this demonstrates how she fleeced the fund ( other people's money) to pay the bills at her flagship Ariadne Capital Limited ( now in administration). Now I draw your attention to evidence that she is a deluded fantasist or worse. Turn to the final column below.

A slump in shares in Akers Biosciences (AKR & NASDAQ - AKER) was noted in Bearcast yesterday, what’s the detail?...

Another day and another bombshell document lands with Winnileaks concerning Julie "lingerie on expenses" Meyer MBE. This is such dynamite that I shall have to examine it in parts but let's start with our old friend Entrepreneur Country Global, ECG, a company established in 2013 and at that point wholly owned by Ariadne Capital Limited (now in administration). 

In what has been the longest running bull market that I can remember, in which stocks have risen, pretty much in a straight line for over nine years, it has been hard for bears to witness the benign tolerance with which evidently flaky and fraudulent companies are treated by the investing community. In these times patience is required, and it is worthwhile preparing a watchlist of names that are likely to be the most vulnerable when the market finally rolls over. While this list should comprise for the most part those with over-leveraged balance sheets and questionable accounting practices, solid companies should not be discounted out of hand.

In today's podcast I look at Falcon Media (FAL), Avanti Communications (AVN), Echo Energy (ECHO), Fishing Republic (FISH) - Gary Newman can you help us out here, Woodford dog Xeros (XSG) and Optibiotix (OPTI). Now the Woodlarks charity walk. We have now raised just over £4,000 (nearly £5,000) with gift aid. A big shout out to Mark McDowell who pledged £666 yesterday (clearly a reference to Brokerman Dan). But 97% of Bearcast listeners are yet to chip in, I am sure you can all spare a tenner so please donate NOW HERE. To those who have donated already, thank you.

Results for its year ended 30th April 2016 from Photo-Me (PHTM) noted it growing “deploying machines in Japan in order to respond to the increased demand created by the roll-out of a new photo ID”. The following year’s results noted “adoption by citizens has not been as rapid as the government had anticipated” and a trading update now includes on Japan “a very difficult market due to an oversupply which has put pressure on commissions across the industry”. Uh oh…

As a keen observer of the public markets, I love a good old-fashioned boardroom squabble as much as the next man but the one being played out in public at Stobart (STOB) is funnier than normal as the Tinkler/Ferguson tiff is only part of the comedy. Sure the details being shared add to the amusement but I am more concerned about the fact that Neil Woodford and Invesco’s Mark Barnett may have fallen out too – is the protégé finally casting the shackles aside?

The research note from Palisade analyst Adem Tumerkan came out last night and concerns the US economy. But if you think that it does not apply to our own debt fuelled economy in the UK you are kidding yourself. It is pretty scary stuff.

Two interesting announcements this morning from a couple of Standard List participants, namely Falcon Media House (FAL) and Derriston Capital (DERR). it’s finally the long overdue end of the road for the former but could be just the start of an exciting journey for the latter.

Following Filthy Forty and banished from AIM, Aquatic Foods NED’s make a few admissions: ShareProphets was right from Nigel yesterday, here's a ShareProphets China AIM 'Filthy Forty' performance update...

Hello, Share Stylists. Though I’m unhappy with the name because it seems clumsy and certainly uninformative, U+I Group (UAI) is worth a look. For one thing, it’s one of those rare companies which you feel is trying to contribute towards a better world.

Shoe Zone (SHOE) has announced results from “a good first half” ended 31^st March 2019 and “trading momentum has continued into the second half, in line with expectations for the full year”…

On 28 December 2017, ShareProphets AIM-China Filthy Forty play Aquatic Foods Group issued an RNS stating that it couldn’t publish accounts for 2016 and the shares would be booted off AIM the following morning. Of course, there’s a lot more to that and ShareProphets had been predicting the demise for months. Now the patsy NEDs have issued a statement and it is clear that ShareProphets was right all along.

I previously wrote on restaurant group Richoux (RIC) just under a year ago - significant (discounted) management investment, but clear challenges remain for former Prezzo boss. That investment was at 16p. On the back of results for the 53 weeks ended 3rd December 2017, the shares have currently crashed below 7p…