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Mosman: chairman and founder walks, when is next bailout placing at this minus 99.9%er?

John Barr founded Mosman Oil & Gas (MSMN) and, alongside Andy Carroll inflicted this abomination on the stockmarket. It was a great penny share pump and promote in the early days The shares are now 0.024p meaning that those who bought at peak ramp just over nine years ago have now lost just a smidgeon under 99.9% of their cash. Today Barr, the executive chairman, has announced he is off as is one long serving gopher, oops I meant NED, John Young.

NEWSFLOW

Mosman Oil & Gas (#MSMN) – Chairman John W Barr and NED John Young resignations

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I despair at the way some companies use social media and how they leave themselves open to accusations of market abuse - the latest being Mosman Oil and Gas

With the FCA continuing to pretty much ignore market abuse at the lower end of AIM, it has become almost the done thing for some insiders to try and manipulate the price of shares, whilst knowing that an equity fundraise is being worked.

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BREAKING: Mosman Oil and Gas bailout placing – all smoke, mirrors and porky pies

At 3.56 PM on the last trading day before the Easter Break, 34 minutes before no-one is watching O’Clock, Mosman Oil & Gas (MSMN) announced yet another bailout placing as I had predicted HERE just a few days ago. But the statement is all smoke, mirrors and porky pies.

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In the minus 99.99% club, Mosman Oil & Gas Interims – why is it not admitting to insolvency?

At the top of the results statement covering the six months to December 31, serial dog Mosman Oil & Gas (MSMN) yaks on about how there will be lots of jam, sorry oil, tomorrow. That will please the morons. I doubt they will look at the hard numbers for they are awful and show that this company is already, to all intents and purposes, insolvent. And then there is an explicit warning from Mosman itself….

NEWSFLOW

Mosman Oil & Gas (#MSMN) – £1.1m placing at 0.08p per share, with warrants

NEWSFLOW

Mosman Oil & Gas (#MSMN) – value destruction so severe… proposed share consolidation

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Expose: Mosman Oil & Gas lies to investors

This is like shooting fish in a barrel. It is such a slam dunk and so easy that my cat could spot it. And best off, SP Angel the fraudster’s favourite Nomad has signed off on the lie. This morning, Mosman Oil & Gas (MSMN) has announced in a semi-literate release drafted by Justine James of Alma PR:

NEWSFLOW

Mosman Oil & Gas (#MSMN) – “binding contract for the sale of the Welch Project, in Texas, for US$420,000”

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Mosman Oil and Gas – What a load of hype and hot air!

Now I would have published this yesterday, but my internet was rather crap and being sorted. Talking of crap, that brings me onto the matter of Mosman Oil and Gas (MSMN). This company was a cornerstone of my crap quartet this time last year and had a clear place in the Vomit list of shite oil stocks when I reviewed the forthcoming year last Christmas. In my view yesterday’s monumental share price rise just illustrates the full extent of “lockdown gambling culture” combined with total lack of understanding of what the investment case is.