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More ouzo for a vindicated Sheriff as Asimilar admits to £36m loss, has no cash and says is leaving the AIM sewer: Told y'all

Oh dear, oh dear. At least Asimilar (ASLR), of which I have often warned, is back from suspension having belatedly published its annual results. But the numbers are, though disastrous, still not credible, there is almost no cash and the company says it wants to quit the AIM sewer. It will be no loss to the sewer.

NEWSFLOW

Asimilar (#ASLR) – proposed cancellation of AIM listing, meaning just Aquis listing

NEWSFLOW

Asimilar (#ASLR) – delayed FY results (loss, natch) and shares to resume trading, but…

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What do you reckon Cliff Weight, is Asimilar the most blatant insider dealing of the year?

The last stated NAV of Asimilar (ASLR ) was 25p per share. We knew it had taken one hit (AAA) but still the NAV should have been c20p (ho ho ho). On Wednesday its shares plunged by 32% to sub 4p begging me to ask this question.

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Asimilar – so what is the reason your shares are imploding? I offer three scenarios

Yesterday shares in Asimilar (ASLR) plunged 32% to sub 4p. The last stated NAV was – at March 31 – 25.3p so why the plunge. There are three scenarios.

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Asimilar Interims – red flags, dubious claims, a cash crisis and unanswered questions

As a long-term bear, yesterday’s interims only confirmed my belief that Asimilar (ASLR) will collapse. Emailed questions go unanswered, so perhaps readers can assist.

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BREAKING: AAA shares changing hands at just 25p via spreadbetters is the Asimilar house of cards about to collapse?

Whiffy investment company, Asimilar (ASLR), has engaged in numerous Spanish practices, exposed on this website. Anyone owning its shares will, one day, need to lube up and take what is coming to them - it is just a matter of when. Could that time be dawning; could the house of cards be about to collapse?

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Asimilar – when is a profit not a profit? This is a nest of snakes waiting to bite you

I have covered in some depth the numerous smoke and mirrors deals at Asimilar (ASLR) and it is an accident waiting to happen as its results today demonstrate very clearly. The company boasts net assets at the September 30^th year end of £41.74 million. At 27.5p the market cap is £33.5 million. Put simply the market does not believe the net asset number. It could easily halve or, far, worse.

NEWSFLOW

Asimilar (#ASLR) – FY results, cash down to £0.60m

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The trials of John Story – is he the forced seller at Asimilar?

The shock suspension of All Active Asset (AAA), the plaything of foul-mouthed troll and penny share huckster Chris Akers, was especially painful for one shareholder – the proven liar John Story as he faced big margin calls in the fraud Zoetic (ZOE). How to meet those margin calls? Well I have established that he is on a lock-in at Cellular Goods (CBX) with his 15 million shares. Has he stuck to that lock-in? Enquiries continue. If he has sold even one share then he needs to issue a TR1 as he is on 3% and that would be a bit embarrassing given the lock-in.