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Tom Winnifrith Bearcast: if Piers Linney is worth £69m I am a banana
I question the net wealth claimed by two former Dragons in the Mail on Sunday. Linney's claim is a joke following the demise of Outsourcery (OUT) as is that of Sarah Willingham of Nightcap (NGHT) which I look at after its latest crap acquisition and lack of profits warning. Then it is onto Wandisco (WAND) and the proposed bailout at just 50p, to Eurasia (EUA) where nothing at all adds up. Then onto today's ouzo moment, the suspension of Eight Capital Partners (ECP), the insolvent fraud Supply@ME Capital (SYME) and Canadian Overseas (COPL) whose shareholders' reactions to my latest piece show themselves to be as unpleasant as they are stupid. When Canadian, already 90% down since my first big bear call, heads towards 0p as it will inevitably do I will have no sympathy at all.- By Tom Winnifrith |
- 3 July 2023, 15:04 |
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Sondrel – “milestone completion”, what of the recent share price recovery?
Semiconductor company Sondrel (SND) “is pleased to announce that it has successfully completed the second key milestone in respect of the material turnkey Application Specific Integrated Circuit engagement for a Tier 1 OEM Automotive customer”. What of this and a continued share price recovery to now above 65p?- By Steve Moore |
- 3 July 2023, 14:48 |
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BREAKING: Supply@Me Capital – proof of its technical insolvency as of 30 June 2023 in its hidden prospectus
Having got shares in its bastard little brother Eight Capital Partners (ECP) suspended this morning it is time to turn to the fraud Supply@ME Capital (SYME) whose shares should also be suspended, in this case, pending clarification of its financial position. It may be capitalised at £79 million at 0.129p but technically it is bust.- By Tom Winnifrith |
- 3 July 2023, 13:33 |
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Canadian Overseas – confirmation largest death spiral bond holder is converting and selling shares at a loss & there's much more to come
Oh dear, oh dear, the really bad news is that even after its most recent bout of forward selling and bond conversion, Anavio Equity Capital Markets Master Fund Limited still owns 50 units of 2027 Bonds and 58 units of 2028 Bonds, convertible on their terms, in the aggregate, into 264,381,840 Common Shares, representing approximately 27.1% of the issued and outstanding Common Shares, and 104,608,558 Warrants, representing approximately 10.7% of the issued and outstanding Common Shares on a fully-diluted basis. It owns no shares. But...- By Tom Winnifrith |
- 3 July 2023, 12:42 |
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VINDICATION (again!) Eight Capital Partners – suspension and restatement of its 2021 accounts, thanks to me!
On 18 July 2022, I wrote to the Financial Reporting Council (FRC) reporting what I considered to be material non compliances with IFRS accounting standards in the accounts of Eight Capital partners (ECP), the bastard offspring of the Supply@ME Capital (SYME) fraud, for the year ended 31 December 2021. Natch’ the morons said I did not know what I was talking about or that nobody would pay any attention. Today 100% vindication with a share suspension.- By Tom Winnifrith |
- 3 July 2023, 12:13 |
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Verici Dx – emphasises Clarava study “validation”, but what of the ‘cash runway’?
Clinical diagnostics for organ transplant company Verici Dx (VRCI) has issued a “Successful clinical validation of Clarava”-titled announcement, and what of the shares currently approaching 15% higher at 13.5p, a £23 million market cap, in response?- By Steve Moore |
- 3 July 2023, 11:39 |
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Vast Resources misses debt repayment deadline – at best confetti blizzard ahead
The $8.4 million Vast Resources (VAST) owes to A&T Investments SARL and Mercuria Energy Trading SA was going to be repaid before the (extended) 30th June deadline by selling the diamonds still locked up in the Central bank of Zimbabwe. But….- By Tom Winnifrith, the Sheriff of AIM |
- 3 July 2023, 10:02 |
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Supply@ME Capital – a transaction on which it will make just £54,000 (at most) over 3years is not worth £4 million!
The fraud Supply@ME Capital (SYME) is technically insolvent yet its shares are today up by 5% to 0.134, adding £4 million to its market cap – taking it to £82 million which is pretty full for a company that is bust – on news that it has completed a transaction which in the best case scenario will net it £54,000 revenue and probably no profit at all over 3 years.- By Tom Winnifrith |
- 3 July 2023, 09:17 |
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Leopards don’t change their spots – Harland & Wolff, and boss John Wood
On Saturday in bearcast I pointed out that the 5.56 PM Friday released results from Harland & Wolff (HARL) showed it to be insolvent and that things were only going to get worse. Anyone owning the shares is insane. Evil Banksta has been in touch to point out that, as ever, I was too kind.- By Tom Winnifrith |
- 3 July 2023, 08:57 |
Half a Dozen Top Tips to Make Mazuma in a Summer Footsie Cold Climate
Hello Share Searchers. And still the vast majority of shares are stuck in a rut. Up a tiny bit one day, back to square one the next. Meanwhile the water behind the dam builds, and one day it will burst through. It urges me to expect a Santa rally to beat all Santa rallies. Meanwhile, here are more topical tips on how to play our great game.
- By Malcolm Stacey |
- 3 July 2023, 08:17 |
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Tom Winnifrith Bearcast: Lets go for a quick death and vote Labour and I really am bored with gold
Nigel says that my boredom is a buy signal. But is it? Maybe it is right to be bored as something has changed. After that a bit on house prices and why I don't see a mega crash but would not buy housebuilders as Malcolm suggests I do. Finally, why not go for a quick death rather than a slow one and vote Labour? Oh, and I remind you why I may not be at liberty to bearcast on Tuesday. CORRECTION: Fellow Hammer J Price points out that Rice will be on £15 million a year not a week as I said in the podcast..- By Tom Winnifrith |
- 2 July 2023, 18:21 |
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The View From The Montana Log-Cabin As Gold Still Resists Drop
Gold closed the week at $1920 – bang on last week’s number. Has it bottomed out? Who knows……but nobody cares anyway (which students of Benjamin Graham will know suggests upside: if nobody is interested, there are no sellers left.)- By Nigel Somerville |
- 2 July 2023, 17:44 |
How a bulletin board moron tweets about historic sex abuse at Warwick School
Naming a paedophile teacher who used to abuse boys at Warwick School yesterday HERE is already paying dividends, a 5th victim has today contacted me and will be speaking to Warwick fuzz next week. I bet there are stacks more victims out there, now that the name is out there and with Warwick having finally 'fessed last week to having had an abuse problem and apologised, this is only the beginning and at some stage The Old Bill must act. But some folks who object to my exposes of stockmarket frauds interpret it another way, as you can see below.- By Tom Winnifrith |
- 2 July 2023, 15:45 |
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Supply@Me Capital – it is time for clarity over the 1,615,253,000 share stock loan to High West
It’s surely time for Albert Ganyushin, the Chairman of the fraud Supply@ME Capital (SYME) to force CEO Alessandro Zamboni to clarify what has happened to the shares which Zamboni’s 100% owned company, the AdvantGarde Group Spa (TAG) has given to three loan companies. At investor meetings Zamboni’s risible excuse is that he is unable to comment on TAG’s intentions but as he claims to own 100% of TAG’s shares, clearly TAG’s intentions are the same as his intentions.- By Tom Winnifrith |
- 2 July 2023, 13:12 |
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The ShareProphets Sunday Pub Quiz #195
It's time for the ShareProphets Sunday Pub Quiz.. There are no prizes! And remember, no Googling!
- By Darren Atwater |
- 2 July 2023, 09:58 |
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Sunday Long Reads: Frédéric Bourdin, Board Games, Russell Brand, Bitcoin Torcher, Fake Accent?
Sunday is a good time to sit back, read, and forget about shares. Put the kettle on, find a comfy chair. You have the time, don't you?
- By Darren Atwater |
- 2 July 2023, 09:57 |
Visual Aid: Change in Russian Billionaires’ Wealth Since 2022 (Animated!)
This animation from James Eagle shows how the estimated net wealth of the 22 wealthiest Russian billionaires on the Bloomberg Billionaires Index in April 2023 has changed since January 2022, prior to the start of the conflict. As usual, courtesy of Visual Capitalist.
- By Darren Atwater |
- 2 July 2023, 09:54 |
Notes from Underground – Most read articles for the week ending 1 July
For the second week running, the most read non-Quiz, non-Tom article last week is by Chris Bailey, Thinking about PZ Cussons shares and a bit of currency volatility in Nigeria, at No 1 or No 4 including Bearcasts.
- By Darren Atwater |
- 2 July 2023, 09:53 |
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Tom Winnifrith Bearcast: Boycott #YorkshireBuildingSociety and is Harland & Wolff a zero?
I start with the Reverend Richard Fothergill and the Yorkshire Building Society who are clearly A grade wankers and deserve everything they get. Then it is onto Harland & Wolff (HARL) and its 5.56 PM Friday results.- By Tom Winnifrith |
- 1 July 2023, 19:48 |
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The fraud Supply@Me Capital – looking at the murky Tradeflow deal from the perspective of Tom James and John Collis
We know that Supply@ME Capital (SYME) paid £4,000,000 in cash and issued 813,000,000 shares to Tom James and John Collis for the acquisition of Tradeflow Capital. Following the issue of the 2021-year end accounts, SYME issued the two vendors a further 213,525,520 shares as deferred consideration which resulted in total holding of 1,026,525,520 shares. Under the vendors buy back of 81% of Tradeflow, Alessandro Zamboni’s AvantGarde (TAG) paid £2,000,000 for the 1,026,525,520 shares held by Tom James and John Collis as described below:- By Tom Winnifrith |
- 1 July 2023, 18:41 |