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Tern stands its corner at Talking Medicines Ltd, another shite investment, do folks ever look at annual reports?
Talking about pissing good money after bad. Having raised £400,000 gross (call it £370,000 net) just eight days ago, Tern (TERN) has today spaffed £100,000 standing its corner at Talking Medicines Ltd, an eleven year old cash guzzling crock from Glasgow. Its last accounts are shocking.- By Tom Winnifrith, the Sheriff of AIM |
- 1 February 2024, 10:53 |
Video: Excessive Borrowing and Money Creation is Delaying the Inescapable Depression
Former asset manager Peter Grandich believes that the much-anticipated recession hasn’t yet arrived due to rampant money creation and continuous borrowing. He challenges the Bureau of Labor Statistics’ data, believing its reported market conditions to be milder than reality. He spotlights the increasing number of Americans relying on food banks, living paycheck to paycheck, and articulates his belief that an impending recession is not a matter of “if,” but “when.”- By Tom Winnifrith |
- 1 February 2024, 10:26 |
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Did Zamboni cough £500,000 to the Supply fraud yesterday and does the FCA care any more?
Yesterday was the long standing due date for Alessandro Zamboni’s technically insolvent and delinquent in its filings Avantgarde Group (TAG) to make its final payment of £500,000 to the technically insolvent fraud Supply@ME Capital (SYME)in respect of purchase consideration of £2 million for sale of 81% of Tradeflow Capital.- By Tom Winnifrith |
- 1 February 2024, 09:55 |
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Live Company Group and Advanced Oncotherapy statements – do any rules on the AIM casino matter these days?
For having their shares suspended for more than six months because of a failure to publish interim and full year accounts, Advanced Oncotherapy (AVO) and Live Company (LVCG) should have been booted off the AIM sewer on January 1 and February 1 (today) respectively. But on the “world’s most successful growth market” it seems that rules just do not matter. Or perhaps because it is shrinking so rapidly, the regulators will not boot anyone off. In both cases, the companies are – as things stand – insolvent.- By Tom Winnifrith, the Sheriff of AIM |
- 1 February 2024, 08:35 |
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Tom Winnifrith Bearcast: at least BSF Enterprises is honest in its Results RNS but its shares will collapse anyway
I start with thanks for your best wishes on my date with the Shipmans, including a very foxy Asian babe junior Shipman, yesterday. Then it is onto Kefi Gold & Copper (KEFI), paranoid advisors, Inspiration Healthcare (IHC), Guild ESports (GLD), BSF Enterprises (BSFA), Vast Resources (VAST) where a new GM must surely be called for another share consolidation and Supply@ME Capital (SYME)- By Tom Winnifrith |
- 31 January 2024, 16:23 |
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Letter to the FCA: Guild must restate misleading results announced today and this time it must be censured
For the second year in succession, Guild Esports (GILD) has today released prelims which are grossly deceptive and misleading as I exposed HERE. Last year I got the FCA which regulates, no sniggering at the back, the Standard List to force Guild to restate. I have written to the woke warriors urging it not only to force a restatement but more. The letter is below.- By Tom Winnifrith |
- 31 January 2024, 15:22 |
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TruSpine – When, Oh When Is The 2022 AGM? Do Rules Not Matter Any More On Aquis Either?
Aquis-lobster-potted TruSpine (TSP) hasn’t held an AGM for some time. In fact you have to go back to December 2021 for the last one – the 2022 AGM having been adjourned – and the 2023 one hasn’t even been called yet.- By Nigel Somerville |
- 31 January 2024, 14:35 |
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Symphony Environmental Technologies – loses “EU Court Judgement” shares crash!
Symphony Environmental Technologies (SYM) has announced that “the General Court of the European Union has delivered its judgement and declined to declare the relevant part of Article 5 of the Single-use Plastic Directive 2019/904 as being invalid”. What does this actually mean though for the company?- By Steve Moore |
- 31 January 2024, 14:05 |
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BREAKING: Guild Esports results snuck out mid morning, David Beckham’s pals DECEIVE INVESTORS AGAIN!
Issuing your results not at 7 AM but, mid-morning when folks like Roland “Fatty” Cornish are already pondering waddling away from their desks and off to luncheon is always a bit of a red flag. So is issuing them on the last possible day to avoid a share suspension. And that brings us to the 11.10 AM release of results for the year to September 30 from e-gaming group Guild Esports (GILD).The bad news is buried deep inside the text where no chat room morons will bother to read. Worse still the directors, AGAIN, actively mislead investors with regard to the material uncertainty and the need to do a fund raise.- By Tom Winnifrith |
- 31 January 2024, 13:18 |
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Directa Plus – “Contract win with FORD Otosan”. Or is it?…
A “Contract win with FORD Otosan”-titled announcement today from company which describes itself as “a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets”, Directa Plus (DCTA). What of the shares currently towards 20p in response, around 10% down?- By Steve Moore |
- 31 January 2024, 11:30 |
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MGC Pharmaceuticals – do the maths dummies, I'm 99.2% ahead on this bear call and it is going to go from £15m now to zero
On November 1 2022, I published a red flags dossier on Turner Pope spoof MGC Pharmaceuticals (MXC) with the shares at 2.25p giving market cap of £70 million. Wind forward 15 months and after a 1000 for 1 consolidation the shares are 18p meaning that those who mocked my advice have lost 99.2% of their hard earned. But so many gazillion pieces of worthless confetti have been issued that the market cap is still £15 million and today’s quarterlies suggest that is way too high as yet another cash crisis looms.- By Tom Winnifrith |
- 31 January 2024, 11:01 |
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Letter to AIM Regulation: Regarding Advanced Oncotherapy you are now taking the piss: Rules are rules aren’t they?
I am not talking about imaginary rules dreamt up by the wretched poltroon Giles Balleny at Cavendish and the bearded buffoon Stuart Ashman but real AIM Rules, specifically the one that if shares are suspended for more than six months because of a failure to publish accounts, those shares are slung off AIM. But sometimes they are not. I have written to the Oxymorons at AIM regulation regarding Advanced Oncotherapy (AVO), where I own 1 share allowing me to attend AGMs but have been a perennial bear.- By Tom Winnifrith |
- 31 January 2024, 10:27 |
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Evil Banksta puts PierotLunaire and other Harland & Wolff bulls straight on the debt mountain, the shares are thus worth 0p
Evil Banksta and I regard the debt mountain at Harland & Wolff (HARL) as the stake upon it will, in due course, be impaled. But our comments room savant PierotLunaire reckons that he knows better. Plus ca change.- By Tom Winnifrith |
- 31 January 2024, 09:20 |
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OptiBiotix Health – “SweetBiotix Update”, potential to be transformational this year, price target likely to be increased
OptiBiotix Health (OPTI) has issued a “SweetBiotix Update” announcement. It is a, non-regulatory, RNS Reach, immediately signalling no commercial deal yet, but there are clear signs of progress towards material deals. So what of the shares currently up at 29p in response?- By Tom Winnifrith & Steve Moore |
- 31 January 2024, 08:57 |
Watch for Outfits in the Takeover Lane. They're Likely to be More Common - and Fructiferous
Hello Share Wavers. Twenty years ago, most of my income came from takeovers. I would choose a company that might be in the sights of a bigger fish and buy some shares, and it was not unheard of for me to suddenly make £10,000, say, in a day when a merger was confirmed. Examples are Arm Holdings or Yorkshire Television, but this has now not happened for me for some time. These days I tend to choose companies with regular pay-outs to keep me in take-away pizzas. But my favourite analytical bank, Berenberg, reckons that takeovers are coming back in vogue. Where though should we trust our mazuma when hoping for a takeover?- By Malcolm Stacey |
- 31 January 2024, 08:11 |
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LifeSafe Holdings – “Trading Update & Industrial Purchase Orders”. What though of the balance sheet that now dare not speak its name?
Fire extinguishing fluids and fire safety products company LifeSafe Holdings (LIFS) has issued an update headlined “FY23 performance in line with expectations with first industrial orders ahead of forecast”. What then of a 17p share price, £4.7 million market cap, with the shares down from approaching 30p as recently as November?- By Steve Moore |
- 30 January 2024, 16:15 |
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Riverstone Credit Opportunities Income & Harland & Wolff: can this really be deemed prudent?
Riverstone Credit Opportunities Income (RCOI) is a main market listed energy infrastructure and energy-transition credit investor. In its wisdom it has leant money to Harland & Wolff (HARL) which, as Evil Banksta explains HERE, is drowning in red flags and debt and is burning cash and cannot hope to refinance. Liverpool's greatest numbers man since Ken Dodd reckons that Harland is a zero..- By Tom Winnifrith |
- 30 January 2024, 16:00 |
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Kromek – interims argue “continues to look to the future with confidence”, what about on the financial position?
Describing itself as “a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments”, Kromek Group (KMK) has announced results for its half-year ended 31st October 2023 including stating “pleased to report another period of growth… At the same time, we heavily focused on managing our cost base and increasing the efficiency within our business, which remains a key priority… the board continues to look to the future with confidence”. Though what about the financial details and a current up to 5.8p share price?- By Steve Moore |
- 30 January 2024, 15:11 |
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Speedy Hire – from “confidence in meeting our expectations” to “second half weighting” to ‘towards the lower end of expectations’ to guess what now…
Having gone from “key contract wins and extensions, as well as strong pipeline, gives confidence in meeting our expectations for the coming year” in June to with “a second half weighting… anticipates full year performance to be in line with expectations” in October to “remain confident of delivering results, albeit towards the lower end of the board's expectations” in November, guess what from a “trading update” today from tools and equipment hire company Speedy Hire (SDY)?- By Steve Moore |
- 30 January 2024, 12:09 |
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Tom Winnifrith Bearcast: My tip of the year is looking ever better, despite the antics of the bearded liar
In today's podcast I discuss Voyager Life (VOY), musicMagpie (MMAG), Oxford Cannabinoid (OCTP), Argentex (AGFX), and Optibiotix (OPTI)- By Tom Winnifrith |
- 30 January 2024, 11:37 |