I refer, of course, to smokers. Before Malcolm gets on his high horse, hear me out. What I say is logical if a bit crazy. In that vein I also discuss the mad idea of buying the ten worst stocks on AIM and ask for your nominations. I start with Catenae Innovation (CTEA), Tern (TERN), Clear Leisure (CLP) and Attis Oil & Gas (AOGL). I also discuss the crazy idea of buying FinnCap (FCAP) shares. I look at the Powerhouse Energy (PHE) ramp and at the curious case of Anexo (ANX) placing today as directors dump shares. The Woodlarks walk appeal is now at 34% please, as I start another training walk this afternoon, donate HERE.

AIM-listed Walcom (WALG), one of the handful of remaining members of our AIM-China Filthy Forty has once again updated the market over its grim financial position……and the CEO loan which has still not arrived. This melodrama has been ongoing since January – one wonders whether the company thinks that if it drags on long enough the Fat Lady, who has been well warmed up for months, will finally be too hoarse to sing. But I fancy the denouement is now on the way.

Here is another commendation for me for my pig ignorant critics on the Bulletin Boards and supporters of fraud to ignore. One day, maybe even Roger Lawson and certain thirsty share bloggers from Brighton might actually be forced to admit that the folks who matter not only respect my work but act on it too. This tme it concerns what was the largest oil company on AIM before it moved to the main market, Diversified Gas & Oil (DGOC). I complained about its accounts, the FRC thought I was correct and forced Diversified to make changes. The letter below makes that clear. Ouzo for the Sheriff of AIM tonight methinks.

KEFI Minerals (KEFI) has updated further on the ongoing exploration programme at the Hawiah project in Saudi Arabia, emphasising “pleased with the results to date of the drilling… Hawiah already appears to have a more valuable metal content than Tulu Kapi in Ethiopia”...

I had thought that Gavin Burnell, the broker who used to work at disgraced Beaufort Securities and who floated and sat on the board of the fraud Globo, making a packet from fees and share sales, was no longer working in the City, that Novum Securities had parted company with him when the FCA refused to re-authorise him. But...

I reviewed Powerhouse Energy (PHE) just after Christmas and concluded the £15 million market Cap was bonkers. The share price has motored on regardless and now the company sits with a £58 million valuation, and that’s before the dilution from the Waste2Tricty deal. Is this a clear sign of PI driven investment madness?

My bearcast yesterday forced Pathfinder Minerals (PFP) and the scholars and gentlemen who run Novum Secutiries to issue a statement today. Unfortuanately the RNS of this morning is not true, it is misleading and deceptive and shows the desparation of Novum to cover up what really happened. I shall have a bombshell on Scrotum Securities later today but first I explain why what hapened and the attempted cover up is a total disgrace.

I noted late yesterday evening Provident Resources (PVR) updated the market, confirming the receipt of placing share monies from its new partner, SpotOn Energy. Nigel Somerville highlighted the delay, which was a concern given the history of failed deals. I can see some reasons to be hopeful, but its early days.

This morning AIM-listed Catenae Innovations (CTEA) revealed the next steps in its Covid-19 spoof: its joint venture to Covid-19 test status app is being rolled out…..to what looks like a single GP practice in Newcastle. That may appear small beer already – not that this stopped the BB loons from piling in first thing this morning – but this roll-out is in fact just a proof-of-concept pilot. 

Hello, Share Scramblers. You may be surprised to learn that I know an energy company which is not too far from its year-long high, despite the virus which has decimated many of its peers...

Firstly the links. For reasons discussed, if you are not registered with Primary Bid register for free now HERE. Secondly we are at 33% help us to save Woodlarks donate HERE. Heck even daughter Olaf has dipped into her vodka funds to donate. In the podcast I look at IWG (IWG), Pathfinder Minerals (PFP), Cineworld (CINE), Bidstack (BIDS), Fox Marble (FOX) and, sorry Jim, Condor Gold (CNR). I also look at the "wisdom" of appointing a Chief Diversity Officer. 

A “Trading Update and AGM arrangements” announcement from “designers, developers, distributors and retailers of sports, leisure and mobility equipment” Tandem Group (TND) includes “bicycle sales have been materially higher with year to date revenue 77% ahead of the prior year and the forward order book significantly higher than last year to date”… and the shares have currently responded to 250p, er approaching 4% lower!...

I will be doing some painting at the Welsh Hovel on the 3-4 June. I shall set up a webcam so you can watch the results of my work dry over a 48 hour period. But if that sounds just far too exciting, the Personal Investment Management & Financial Advice Association, PIMFA, has something designed for you.

Attis Oil & Gas (AOGL) formerly Mayan Energy and Northcote Energy has long been a stain on the underbelly of the AIM casino. Today it enters a new chapter of infamy and once again the architect is broker Peterhouse Corporate Finance. Before today there were 3.9 billion shares in issue. Now, following a debt for equity swap and a placing at just 0.0115p, there are 14.7 billion and Peterhouse has been given enough warrants to take the fully diluted total to 15 billion.

Writing on i-nexus Global (INX) in July it was from AIM IPO “strong competitive position” to “revenue and closing cash balances will be below expectations” in just over a year! – with I concluding the company now really “comfortable that, with a continued focus on costs, the business retains sufficient funding to execute on its growth strategy”? I’m certainly not for long and, even with the shares currently down to around 25p, avoid / sell – and another AIM IPO roll-call of shame…. Now results for its half-year ended 31st March 2020 – and the shares currently significantly further lower in response to around just 4.5p!...

I have covered the shenanigans at Peterhouse & Chris Akers ramp All Active Asset Management (AAA) a number of times, notably HERE.  At 2p it is valued at £15 million its net assets are, at best, £5 million. Now we have news of management change and this makes the stench ever more overwhelming.

Bidstack (BIDS) a company that is on the brink of insolvency with almost no cash has today issued an AGM statement that is so thoroughly deceptive in failing to explain the crisis the company faces that its Nomad Mark "the poltroon" Brady at SPARK should be censored for signing off on it.

Another day, another bunch of COVID-19 related updates…and two names grab my attention. The first of these is FirstGroup (FGP), the bus/rail operator which I described six weeks ago as 'a survivor, especially with recent cost cutting and pension simplification rules...however the hope of competing activist approaches driving up value for shareholders has gone'. In that article I suggested a quid a share as a target for the operator of a bunch of key services including school bus and commuter-centric rail routes...

In our 2.40p offer price recommendation of Asiamet Resources (ARS) in January, we noted “on-going” corporate partnership discussions, including “there has been a lack of investment in the copper sector over a number of years… causing a constraint in future supply… this is also notably reflected by those the company is currently in strategic discussions with”. Now a “Corporate Update” including the company “has been informed by Aeturnum that it has finalised all due diligence workstreams and intends to enter into negotiations with Asiamet for a partial or full acquisition of the KSK Contract of Work”...

Hello Share Mashers. One of the sectors which shouldn’t be too affected by the coronavirus is the utilities, those companies that supply the essential needs of electricity, gas and water. To choose a utility should leave your dividend fairly safe, while the share price should not be overly vulnerable to virus-related disasters. One of my favourite companies is United Utilities (UU.)...