Craven House Capital (CRV) is one of those pointless companies at the very bottom of the AIM sewer list of failures, by market capitalisation it was at number 737 out of out 744 in the January table. Today it released its interim results for the six months ended 30 November 2023 which showed a loss of $114,000 increasing the deficit on shareholders equity to $498,000.
It is now more than three months since musicMagpie (MMAG) declared that it is an offer period. The initial bidders, solicited by Magpie, both walked within days appalled at what they found. The whole industry know that trading is weak and Magpie’s banks are shitting bricks yet Magpie keeps up the pretence. I have again written to the Oxymorons, how long will they allow Magpie to tale the piss?
As the United Kingdom slowly sinks into a cesspit of sleaze, corruption, fraud and lies I hold no hope whatsoever that the Oxymorons at AIM Regulation will do anything about companies that break its own rules and so deceive investors. But I have written to the Oxymorons anyway about Sarah Willingham’s Nightcap (NGHT) urging action NOW and certainly before it goes bust in June.
In today’s Bearcast I discuss my latest ailment which will joy to many as it hits my ability to write. Then it is Nightcap (NGHT),Ben's Creek (BEN), Horizonte Minerals (HZM) and Predator Oil & Gas (PRD).
Issuing yesterday’s car crash release after hours was a bit sneaky but you can expect Horizonte Minerals (HZM) shares to collapse today and if you can sell for more than 0p, the now inevitable end game, you should do so. Sorry Gary Newman, BB savant PL et al, we bears, myself, Evil Banksta and Lucian have been vindicated and it is ouzo’s all round for us. The news is devastating.
Microsalt (SALT) tried to raise £10-15 million ahead of an IPO last October but for some unexplained reason, Nomad Zeus postponed the IPO. On 1 February it joined the AIM sewer after raising £3.15 million gross (£2.5 million net) at 43p giving an £18.5 million valuation. Today, after announcing what it termed a “vital” deal earlier this week, the shares are 112.5p so valuing it at just over £48 million. Really?
This is like groundhog day. The last 100 for 1 share consolidation was just 32 months ago when, laughably, dumb shareholders were told it was needed to allow dividend payments. But, no dividends and numerous placings later, Vast has again run out of cash and again its shares have slumped below the 0.1p par value. Its groundhog day!