Hello, Share Twiddlers. Yes, I know, you can’t get a more boring company than one that supplies stuff to cover floors. But to misquote the Yorkshire proverb, ‘Where there’s boredom, there can be brass.’

I will not make that joke about Paul, Lent starts tomorrow and my minimal alcohol intake will be going to zero until Easter. I may have a couple of glasses tonight to brace myself for a period of thirst that lies ahead. In this podcast I discuss Paul’s comments on Supply@ME Capital (SYME) and why I think the FCA may not allow this fraud to relist. I look at Zoetic (ZOE) where I am hopeful of an imminent share suspension, and the pot and small cap bubble in general, also looking at today’s pot float, Kanabo (KNB).

UK provider of IT and communications services to businesses and public sector organisations, CloudCoCo (CLCO) has made a trading update – and the shares are currently approaching 24% higher in response, to 1.425p. So what’s the detail?…

Petra Diamonds (PDL) is one of those mining companies which is drowning in debt and could very easily have gone bust, had it not recently announced a restructuring with its lenders.

That Path could not get FCA approval for a prospectus involving a deal with Zoetic International (ZOE) as emerged yesterday should confirm that the floor shitters are all over the fraud which has lied to its, very few, customers to investors and to regulators and which is teetering on the verge of bankruptcy.  I have today written to the FCA to raise new concerns as to whether Zoetic can remain listed without issuing a fresh prospectus, which it cannot afford. The detailed letter is below:

There is a flurry of new cannabis listings going on at the moment, and Peterhouse play Kanabo (KNB) joined the Standard List yesterday, having reversed into Spinnaker Opportunities – a cash shell which joined the sub-Standard list back in 2017. The RTO was accompanied by a placing, raising £6 million gross at 6.5p and the stock is, ahem, on a high at 17.25p giving a market capitalisation of a very tasty £62 million. So is it a buy or a bargepole?

The fraud Supply@ME Capital (SYME) has repeatedly declined the opportunity to say what its cash position is right now when issuing updates on trading, today being the latest case in point.  The reason, as I shall show below, is that it is bankrupt, utterly out of cash. And that may be one, of many reasons, why the FCA does not allow its shares to resume trading. So here is the maths which is so easy that some of the morons who own this stock, perhaps even promoter in chief Zak Mir, might understand it.

Nexus Infrastructure (NEXS) concludes an AGM Statement today with that “with a strong balance sheet and order book of £279m, Nexus remains on-track to implement its recovery and growth strategy”. So why a currently more than 6% share price fall, to 153p?…

I thought that ShareSoc, having ceased taking direction from he who shall not be named, had at last recognised the great job shorters do in exposing frauds and overpromotes. But it seems not. Cliff Weight, a self confessed shareholder in Burford (BUR) today makes a number of valid points on Neil Woodford’s comeback while still not admitting that ShareSoc is backing a laggardly and non battle-hardened legal claim for Neil’s victims. But it is on Burford where ShareSoc lets its mask slip. Cliff says of the FCA:

This is like asking hardline vegetarian Malcolm Stacey to write about a burger chain. I am a non drinker but for what it is worth… 

Oh dear, oh dear. If anyone believes the latest RNS from the fraud that is Supply@ME Capital (SYME), I have a bridge to sell them. It is now 18 days since the company asked the FCA to unsuspend its shares, a process that should have taken hours, but still the FCA will not relist and the half-witted owners of the equity are being asked to believe that there is nothing wrong? Whatever.

Hello, Share Seekers. It’s never easy to suggest another look at a share which Uncle Tom has criticised in the recent past. But sometimes a company becomes a bit more promising, even if it’s just because the share price continues to hold up. Remember always that the trend is your friend. I fancy the following company might still be worthy of support, but only as a short term play at current prices…

Castillo Copper (CCZ) has updated that major intercepts from its remaining Big One Deposit drill holes included 12 metres 0.40% Cu from 14m and 13 metres 0.24% Cu from 11m, with also “some of the drill-holes will need to be deepened (or used as a seed hole for down-hole EM) as they appear not to have been drilled deep enough to intersect the projected dyke at depth”. The shares have responded negatively but the company emphasises “known mineralisation clearly extended”…

Previously writing on Deepverge (DVRG), last month I warned as the shares moved ahead to 36p. Today the company makes an announcement CEO Gerard Brandon emphasises “opens up additional opportunities to jointly development new products and services by working with… experts adding smart AI cloud-based data analytic technologies and best-in-class engineering”. What’s the detail?…

This is for Cliff Weight of ShareSoc. I discuss incidents in my life on Fleet Street showing the corrupt nexus between financial PRs and the press in action. I hope you all find it amusing as informative and relates to this fight I got into earlier today. Then it is onto Brokerman Dan who is a visionary analyst of health stocks, notably MyHealthChecked (MHC) as PL and I are agreed. Finally Zoetic (ZOE) has been exposed by an RNS today from Path Investments (PATH) which is damning. Its implications are clear, Zoetic is now mortally wounded; however, its evil PR spinners tried turd polishing earlier today.

We know that the fraud Supply@ME Capital (SYME) is not great on accounting matters, given the three attempts to account for the £224 million deemed cost of the reverse takeover which has now been accounted for as an asset in the balance sheet, then written off to the income statement and now charged to the statement of changes in equity as I outlined on these pages and also the two changes of year end which led to its suspension. I note that it is still in the process of appointing a Chief Financial Officer. A Chief Financial Officer is clearly needed when you look back across the results published by Supply and the apparent inconsistencies as detailed below. Yes here are more red flags for Zak Mir and other morons to ignore. 

Previously writing on live events group Live Company (LVCG), in December with the shares at 5.25p I questioned its emphasised moves to be “very excited” about. The shares are currently further lower today, towards 3.5p, on a “Directorate Changes” announcement…

Previously writing on commercial flooring and specialist construction group Mountfield (MOGP), I noted with the shares falling back below 0.50p last month that, despite it noting vaccination campaign brings hope for improvement, the balance sheet position together with structural uncertainties suggested to continue to avoid. Today developments including a conditional £3.1 million placing… at 0.1975p per share!…

For me, a combination of earnings updates this week from the mining and banking sectors will give larger cap UK share watchers a bit of a focus.  Markets so far in February have broadly copied the positive take seen last November and December, although at least it is now based on actual Covid-19 vaccine tests and being the other side of Brexit deal details.  Yes – as discussed via a bunch of names such as DS Smith (SMDS), Whitbread (WTB) and Ibstock (IBST) in recent weeks – the scope for interest in cyclically recovering names remains opportunistic.  

As readers will know I was a big fan of AIM-listed biotech Scancell (SCLP) but lost my patience with what appeared to be an attempt to jump on the Covid bandwagon. Well blow me down, for today the shares have doubled to 28.25p at peak this morning. What’s going on (apart from me looking like a prize chump)?