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Boom, boom: Why are Audioboom shares collapsing?

The shares are off another 15% today at 498p. That is less than a quarter of what they were, earlier this year when the fraudsters favourite journalist Ben Harrington was telling readers of the loathsome fake financial newspaper the Mail on Sunday that bidders were circling. So why are the shares trading lower. There are three reasons:


Versarien and Audioboom: Some Thoughts and they are bearish

By my rough calculations the second of Versarien’s (VRS) disastrously expensive death spirals struck with Landstead has come to an end. The good news is that this prevents roughly 25,000 shares being dumped in the market every day. The bad news is that Versarien no longer receives around £100,000 a month from Lanstead. It’s also bad news for the unnamed “agent” who has been trousering a 2.5% cut of the money!


BOOM BOOM - when is the lack of profits warning at Audioboom which will expose its painfully thin balance sheet?

Bear raider Miles Dyson and I chatted the other day. Lucian Miers says that - apart from me - Miles is his new best buddy. His work on Audioboom (BOOM) suggesting fabricated user numbers is compelling as you can see here. But last night he unearthed a hammer blow which, as I shall explain below, will have devastating consequences for the share price.


Audioboom share dealing scandal emerges, it's colourful Robert Bonnier again

Dramatis Personae: The Mail on Sunday, a low grade rag whose financial pages ramp any scam going in return for scoops ( see Neil Woodford), Ben Harrington, a “journalist” close to fraudsters like Rob Terry and other colourful characters who will publish stories that suit the fraudsters and colourful characters which may or may not be true, Audioboom (BOOM) a grossly overvalued and overhyped tech play – see HERE – and Robert Bonnier a speculator whose share dealings have been a source of controversy for 23 years (see HERE). Today Audioboom served up shocking news.

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