Thanks to the sponsorship of Sure Valley, Riverfort Global & Pires Investments (PIRI) we are expanding the number and quality of speakers and are able to offer up more fun and games at Sharestock on 7 September 2024 - as you can see HERE. In this third episode of Altcast looking at small caps and AIM, Liam Bulmer of Riverfort and I discuss whether the market has bottomed and the small cap nuclear winter is over. Enjoy.
In today's Bearcast I look at Chill Brands (CHLL), MusicMagpie (MMAG), Vast Resources (VAST), Eurasia Mining (EUA) and the bent and corrupt world of paid for research, Supply@ME Capital (FRAUD) and Regtech Open (RTOP) asking when will the taxman pull the plug, Kefi Gold & Copper (KEFI) and Optibiotix (OPTI)
The interim accounts for the six months to June 30th showed that the fraud Supply@ME Capital (SYME) had net liabilities of £2,108,000 meaning that it was technically insolvent because liabilities exceeded assets. The ongoing business lost £2,376,000 in the six months, roughly around £400,000 per month. By the year end of 31 December 2023, in under a months’ time, Supply will be looking at a £4 million excess of liabilities over assets.
I start with the olive harvest here at the Greek Hovel and across Greece and the theft of olive branches. Then I look at Bidstack (BIDS), Ben's Creek (BEN), Upland Resources (UPL), see the tweet below, and Tintra (TNT) and the monstrous failing of AIM regulation (again)
This morning RegTech Open Project Plc (RTOP), as I suggested it should do in article yesterday, issued an RNS fessing up that just like Supply@ME Capital (SYME) it too hadn’t been paid monies requested from Alessandro Zamboni’s private group The Avantgarde Group (TAG). In Regtech’s case it was TAG subsidiary RegTech Italia srl that hasn’t paid up. It is now apparent that the TAG Group, which has still not filed its now way overdue 2022 accounts, is undergoing a major liquidity and financial crises of its own.
The chairman of ex Neil Woodford Howler Arix Bioscience is an old Etonian, Christ Church Oxford educated toff called Peregrine Moncrieff who is also based in the tax friendly Channel Islands And he has agreed a deal to sell Arix Bioscience to main market listed channel islands based RTW Biotech Opportunities Ltd (RTW). The deal stinks.
Once again Julie Meyer MBE is spamming her non GDPR databases inviting folks to attend another one of her cracking events. It is quite amazing that Meyer has not been stripped of her MBE but I suppose that is a reflection of the lack of morality of the British political classes. Here latest spam is a lesson in humility and understatement. Enjoy…
I start with an update on the Greek Hovel olive harvest. Then I look at Online Blockchain (OBC), musicMagpie (MMAG), Helium One (HE1), Ben's Creek (BEN), Supply@ME Capital (SYME), Regtech Open (RTOP) and the failings of PKF Littlejohn and the FCA