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SLAM DUNK SHORT: Belluscura – bailout placing looms to stop a gig with the Fat Lady within weeks

Some folks are fooled as to the rate of cashburn at Belluscura (BELL) by the way that – for reasons that are inexplicable to me – it capitalises so many costs. Put simply the states losses massively under-represent the horrific cashburn. Do the maths and even Stevie Wonder can see that the company is running on vapours and unless there is a material, so no doubt massively discounted, fund raise within weeks the Fat Lady will have another AIM listed gig.