From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Keyword results: placing

The Chill Brands rise looks very spoofy, especially when you take a closer look at its latest partner - sell/avoid

Chill Brands (CHLL) shares  trading at a valuation that seems bonkers is nothing really new, as it has been going on for years with this company in its various guises and different names, and every now and again it goes on a big run upwards for a while before inevitably dropping back again.
PREMIUM CONTENT

Bank Holiday Fun: A TERNology Sweepstakes – Vote Now

On Wednesday, my sell tip of the year, AIM-listed jam-tomorrow (or not!) IoT investment company Tern (TERN) says it is going to release its results for FY22. We know already it is running on vapours, has been eating its own tail and has warned that its niche area is suffering from a lack of investor enthusiasm (ie its assets are sh***). At the half year, it claimed its NAV per share was 8.5p – down from the December 2021 audited valuation of 9.2p. But what will the NAV per share be in the FY22 results?
Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: the world's greatest musicMagpie expert opines

I start with domestic woes and legal opinion on the claims of the IRA man. In the main body of today's podcast I look at Purplebricks (PURP) and the role of Neil Woodford and Link. I cover Microsaic (MSYS), Deepverge (DVRG), Pantheon Resources (PANR), Asimilar (ASLR), Argo Blockchain (ARB) - placing at 6p?. I also relay the thoughts of the world's greatest living expert on musicMagpie (MMAG) and why it is doomed. If you hurry and book a seat at Sharestock - where less than a third of seats are still free - you can meet the expert, who was also a great Quindellologist - on September 23. You can book HERE

Subscribe to ShareProphets to access Premium Content
SGZ
SGZ
PREMIUM CONTENT

BREAKING: The BBC admits the sordid truth about Scotgold’s pre placing ramp, surely this makes Scotgold's action criminal?

Scotgold (SGZ) has yet to comment on THESE LEAKED SPREADSHEETS which suggest that it misled the market about output at Cononish in January ahead of a £3 million placing at 40p. But there is now worse evidence of what it was up to ahead of that placing. I refer to the BBC article about a new vein appearing at the mine which saw the shares puffed up to 70p. I had assumed that the BBC was flying solo in bumming its readers.

Subscribe to ShareProphets to access Premium Content
FOX
FOX
PREMIUM CONTENT

Fox Marble – Eco Buildings Group reverse takeover, eventually, moving ahead - STRONG BUY

Fox Marble (FOX) has, eventually, announced further details of its proposed Eco Buildings Group reverse takeover along with a proposed further £2.7 million of equity issuance at 55p per share. Exciting times ahead?
Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Another spoof from Wishbone Gold, when is the next bailout placing?

I still own some of these shares as a reminder to myself of how bloody stupid I can be. Every time I look at the share price it is an act of self-flagellation, a self-administered punishment beating at the hands of Wishbone Gold (WSBN). Whack, whack, that is for being so bloody moronic! Today we have another statement which is so much bullshit. It uses a template much favoured by the best friend of Wishbone boss Richard Poulden, Mr David Lenigas.

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: ouzo tonight as Deepverge forced to fess up, next up Tern: about that placing?

In today's podcast I look at Deepverge (DVRG), another triumph, Amigo (AMGO), Cineworld (CINE), the spoof at Genflow Biosciences (GENF), Wildcat Petroleum (WCAT) and Tern (TERN) where a statement is needed.
Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

BREAKING: Deepverge & the curse of Gerry Brandon who should be in jail– up to 50% of promised 2022 sales were fiction

Surely now there must be a full regulatory investigation into Gerry “the arse” Brandon, former boss of Deepverge (DVRG) and still the BSD at AIM sewer posterboy Microsaic (MSYS). Deepverge has admitted that the revenue guidance given on 9 January was pure fiction. The clear implication is that interim numbers were also fiction and given that Gerry raised £10 million in a placing on the back of those bogus interims surely he should be going to jail. Here is the timeline of what looks to be clear fraud and a tweet from Brandon which is a real source of pride. For me.
Subscribe to ShareProphets to access Premium Content
RDT
RDT
PREMIUM CONTENT

Rosslyn Data Trading statement - it is almost nine years of woe and nothing changes

On 29th April 2014 Rosslyn Data (RDT) raised £10 million at 33p as it joined the AIM sewer. As I demonstrated on this website, the prospectus prepared by Cenkos Securities (CNKS) was grossly misleading and it has been downhill ever since. Cenkos is still there as Nomad and broker after numerous (lack of) profits warnings, a CEO who forgot about his involvement in the porn industry, numerous bailout placings and other fun and games. I wonder how much coke & hookers money Cenkos has made over the years. The shares are now 0.725p after another awful trading statement today.
Subscribe to ShareProphets to access Premium Content
GDR
GDR
PREMIUM CONTENT

Genedrive – I smell a placing underway

You can just smell it. All the signs are there and the company has stated that it will be placing before its year-end which is now just over three months away. At 40.75p, the market cap is £36.7 million and if you can short Genedrive (GDR) you should. So here’s why.
Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Time for Eurasia to come clean on cash crisis, lack of bid and placing situation

In today's podcast I look at Optibiotix (OPTI), Eurasia Mining (EUA), Jubilee Metals (JLP), Caracal Gold (GCAT), British Honey (BHC), Canadian Overseas Petroleum (COPL), Genedrive (GDR) and Oxford Nanopore (ONT)
Subscribe to ShareProphets to access Premium Content
WBI
WBI
PREMIUM CONTENT

In spite of the bad taste left by the blatant insider trading around the Woodbois placing: BUY

It seems to be ‘dodgy placing’ season on the lower end of AIM at the moment, and they don’t come any worse than the recent Woodbois (WBI) fundraise where the law was broken at least once, and most likely multiple times!
Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Chill Brands placing to an institution – my arse it is.

At 2.45 PM yesterday Chill Brands (CHLL) announced that it had raised £560,000 at 3.5p. It claims that this “followed the receipt of an unsolicited offer from the financial institution concerned.” Hmmm so at c6% of the enlarged equity we will see a Tr1 soon? There is more chance of Cheryl Cole wandering down my drive in her Birthday suit demanding my sole and undivided attention.
Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

NightCap Interims – more smoke and mirrors in your £12 cocktail vicar?

Naturally Dragon’s Den Has-Been Sarah Willingham gushes about how brilliant these numbers from Nightcap (NGHT) are. Only a self-promoting twit like La Willingham could describe declining like for likes and surging net debt as “a fantastic half year.” Who is she trying to fool: herself (easy) or dumb investors in this hopeless company ( by definition even easier)?
Subscribe to ShareProphets to access Premium Content
VRS
VRS
PREMIUM CONTENT

BREAKING: Ding Dong Ricketts has Gone – Versarien surely toast

There was no thanks offered up by his fellow board members for his tremendous services to Versarien (VRS). Just an acknowledgement that loathsome charlatan Neill Ricketts has resigned with immediate effect. Did he resign or was he resigned?
Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Pete Brailey warns mug punters about Pantheon again

He called this as a slam dunk short at 122p on September 10. Shares in Pantheon Resources (PANR) are now 26p. So where next?
Subscribe to ShareProphets to access Premium Content
VRS
VRS
PREMIUM CONTENT

UPDATED: Versarien: another spoof RNS Reach, can you smell the desperation yet?

The funder of the lifestyle of disgraced, porcine CEO, Neill Ricketts, that is to say Versarien (VRS), will run out of cash and still have debts of almost £8 million by April or May. It has been knocked back on its big grant application to Innovate UK – as revealed here – and so must get a placing away PDQ otherwise the Fat Lady and the Fat Man will be singing a late Spring duet. Can you smell the desperation? For the second time in five days, we have an RNS Reach.
Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

How do you know that UK Oil & Gas is about to do yet another bailout placing?

Well for starters, look at the last interims, do the maths on historic cashburn, commitments and year end cash and you know that UK Oil & Gas (UKOG) will run out of other folk’s moolah very soon. But there are other hints for the non-maths experts out there.
Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Guild Esports – explaining a material uncertainty statement as it spoofs ahead of the bailout placing

Another day and another ramptastic announcement from Guild Esports (GILD). Of course it is nothing news but that is not the point. As it tried so hard to hide from investors, until I flushed it out on January 31, the company is running on vapours and needs to do a placing pronto (indeed it lied to its auditors and said one was already underway to get audit sign off) to avoid a duet with the Fat Lady.
Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Verditek breaks AIM Rules yet again but will the bogus Sheriff of AIM, Marcus Stuttard, EVER sanction a company run by a Tory Toff?

If a company is sitting on price sensitive information as an AIM listed Company then the rules of the sewer regulated by Mr Marcus Stuttard and the Oxymorons at AIM Regulation, notably rules 10 & 11, dictate that, the company must disclose it at once via RNS. But when your company is chaired by a Tory Toff like Lord David Willetts I guess that rules just do not apply. Rules are for little people.
Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Creo Medical – proposed equity raise “to maintain momentum in the business”, well I suppose being able to continue trading is required for that!

“Medical device company focused on the emerging field of surgical endoscopy” Creo Medical (CREO) states that it “is pleased to announce a proposed fundraising by way of an accelerated bookbuild to raise a minimum of £25.0 million (net of expenses) via a conditional placing and subscription of new ordinary shares”. The share price has currently responded more than 18% lower, so how ‘pleased’ should the company be?
Subscribe to ShareProphets to access Premium Content
SOS
SOS

Sosandar – Mystic Meg Strikes Again!

In my last piece on AIM-listed online ladies fashionwear purveyor Sosandar (SOS) back in December, I suggest there was clearly a placing on the way. This morning it is Mystic Meg strikes again, for we have a placing at 22p. Time for a nice glass of ouzo!

Another tweet that has not aged well - Gerry "the pustule" Brandon of Deepverge trolling me

On November 27 2020 shares in Deepverge (DVRG) traded at 27.5p and I challenged the company on its ropy accounts and over-optimistic trading statements. The CEO Gerry Brandon took to twitter to say that I did not understand accounts. He aggressively trolled and insulted me. I replied but in the end did block him. The shares are now 1.75p, Brandon was forced to walk the plank, the trading performance has been dire and even former advisers admit that he broke AIM rules. As such the tweet below has aged badly.
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: remember to sing Delilah tomorrow wherever you are

I start with news on ShareStock - we have now completed the speaker line-up and 50% of the seats for September 23 are now reserved - for details and to book your seat go HERE. Then it is Canadian Overseas (COPL), Nanoco (NANO), BSF Enterprises (BSFA) where its placing ahoy and a joke valuation, and then Caracal Gold (GCAT). Finally, I shall be wearing an Ireland shirt in a pub full of Welshmen tomorrow, make sure you all sing Delilah wherever you are. 
Subscribe to ShareProphets to access Premium Content
VRS
VRS
PREMIUM CONTENT

Versarien: ignore today’s piffle it is delayed results that should panic holders

Company in crisis Versarien (VRS) has today issued an RNS Reach about it getting an eco passport for a product nobody wants to buy. An RNS Reach is one that the nomad deems “not financial significant.” And for the fraudsters’ fave Nomad SP Angel to make that ruling means this news must be almost irrelevant. The key issue is results. Or lack of them.
Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Zephyr Energy what is a bridging loan? An admission that a placing is on the way?

You and I understand that a bridging loan is one that will be refinanced and is short term by nature. We need one to buy a house when our old one is yet to sell. So how does Zephyr Energy (ZPHR) define a bridging loan.
Subscribe to ShareProphets to access Premium Content
AVO
AVO

Advanced Oncotherapy – Worth 156p, Hardman? You’re ‘Avin’ A Giraffe

Paid-for investment "research" prostitute Hardman has released an update on AIM-listed Advanced Oncotherapy (AVO). This means that 1) the company is desperate for cash (no surprises there!), 2) a placing is on the way and 3) that Crispin Odey is sweating over his multiple purchases at a premium at 25p per share when the shares were trading below the 25p par price, given that they are now worth just 11.25p per share. I have much time for Odey, but he has surely called this one spectacularly wrong on multiple occasions.
XTR
XTR
PREMIUM CONTENT

Colin Bird you shameless old spoofer – time for Xtract shareholders to lube up, placing imminent

After decades as a penny share grifter, Colin Bird is a multi-millionaire. Unlike any of the other shareholders in the companies he manages. It is within that context that you should note a share purchase in Xtract Resources (XTR) announced today.
Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Why Argo really is worth 0p

In today's podcast I look at nanosynth (NNN) and why its RNS crimes do matter, Argo Blockchain (ARB), Kefi Gold & Copper (KEFI), Reach (RCH), Cellular Goods (CBX) and Colin Bird POS Tiger Royalties (TIR) where data today shows how a recent placing only postponed death.
Subscribe to ShareProphets to access Premium Content
AYM
AYM
PREMIUM CONTENT

Anglesey Mining: using BBC fake news to get away a bailout placing?

With breathless excitement the BBC here in Wales yesterday pumped out an exclusive story which has prompted some of the sheep shaggers to fill their boots with shares in Anglesey Mining (AYM) prompting a bit of a spike in the share price. But it is all bollocks. And a prelude to a deeply discounted placing. The sheep shaggers here in Cymru are going to get their fingers burned. Shame on the BBC for failing to do even basic research. Its article from one day ago is below.
Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: the mystery of the Midas Harland and Wolff share tip

I start with a bit about weather, snow rain and drought. Then gold vs bitcoin, Enwell (ENW), Ferrexpro (FXPO), Harland & Wolff (HAWL), Argo Blockchain (ARB), Powerhouse Energy (PHE) and Pantheon Resources (PANR) before ending with Vast Resources (VAST) where a placing at 0.1p is surely being attempted after today's incomplete news.
Subscribe to ShareProphets to access Premium Content
SOS
SOS
PREMIUM CONTENT

Sosandar Interims: Profit (Just) But Negative Cashflow

AIM-listed online ladies fashionwear purveyor Sosandar (SOS) released its interim results to September 2022 yesterday morning. The announcement was laced with good news: revenue growth of 72% and a profit being two, but the cashflow statement tells a different story and revenue growth has slowed substantially – the last not a surprise, given the poor economic outlook of UK plc.
Subscribe to ShareProphets to access Premium Content
BMV
BMV
PREMIUM CONTENT

Bluebird Merchant Ventures – small fundraise and opened streaming funding discussions, Buy

Bluebird Merchant Ventures (BMV) has announced it has raised £0.23 million at 2p per share and opened discussions with a streaming fund for the entire capital needed for the development of the high grade Kochang gold and silver mine.
Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

I know it's Edison but a scotching of Kefi doing a placing rumour and a valuation that says shares should treble (or more)

These days he goes by the name Lord Ashbourne but I shall always know Edison's mining analyst as the convicted felon Charlie Gibson. Anyhow yesterday he was not thrashing some peasant for being a dirty oik or driving while sloshed but instead penning a note on Kefi Gold & Copper (KEFI). Of course Kefi pays for this research but that makes its steer on a placing all the more relevant. No it is NOT doing one right now as I keep being told by folks who will not accept a slam dunk denial from 'arry Adams.

Subscribe to ShareProphets to access Premium Content

Tern – Spot The Pre-Placing Ramp: SELL!

AIM-listed jam-tomorrow (if ever) IoT investment Company Tern plc (TERN) has followed up yesterday’s ramparoonie over Wyld (listed on the joke Nasdaq-of-the-north exchange in Stockholm) with a big announcement of a new contract for jewel-in-the-crown Device Authority worth $1.2 million…….over five years.

VRS
VRS
PREMIUM CONTENT

Versarien pre bailout placing ramp part 2 – placing a bogus story in the local rag, for the cultists to then circulate

Given that Versarien (VRS) is now running on vapours, the pointless creation of loathsome Neill Ricketts is desperate to pump its shares as hard as it can to get a bailout placing away. Yesterday we saw lovable oaf Craig from Big Brother 2001 roped in. Today we see the use of the local rag.

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: getting my head around Atlantic Lithium, placing ahoy for sure but what of the £234m valuation?

I start remembering a career moment of shame involving Colin Bird and that brings me to Xtract Resources (XTR) where for all Bird's dissembling surely a placing is underway? I look at the joke company eEnergy (EAAS) and the disgraceful antics of Justin the Clown.  I cover nanosynth (NNN) which I expect to go bust by New Year's Day and Argo Blockchain (ARB) which I think is already bust. I explain how it can avoid paying its bills for a while.  Then I look at "wonder stock" Atlantic Lithium (ALL), its £1 billion NPV and how robust that is, its management, the various red flags and the inevitability of a near term placing. There are bull points here as well as bear.

Subscribe to ShareProphets to access Premium Content

Windar Photonics – “a strong financial position to facilitate the delivery of the order book”?

LiDAR wind sensors for wind turbines company Windar Photonics (WPHO) has announced restoration of trading in its shares following the publication of accounts and with a £1.8 million placing at 15p per share. So what of a share price up to 15.5p, a prospective £10.3 million market cap?

PREMIUM CONTENT

Guild E-Sports – yet more management changes as this bogus David Beckham creation prepares for bailout fundraise.

So far this year 4 NEDS and the FD have departed from Guild E-Sports (GILD). Now one of the NEDs who came onboard on March 31 as others left has walked and the CEO has replaced the chump who floated this crock just over two tears ago. What next for a company now running on vapours?

Subscribe to ShareProphets to access Premium Content
PHE
PHE
PREMIUM CONTENT

Powerhouse – after digging a hole in the road, its next ramp: placing ahoy?

Even Stevie Wonder can see the writing on this wall. PowerHouse Energy (PHE) is now having to fund the building of its own waste to hydrogen plants having previously said others would do so, it burns c£2 million every half year running the company and it is spunking £1.3 million on a global Technology and Innovation centre. By next Spring it will be out of cash

Subscribe to ShareProphets to access Premium Content
AGM
AGM
PREMIUM CONTENT

BREAKING: Applied Graphene working on a placing at an 80% discount to bid price – City source

Such is the terrible track record of Applied Graphene Materials (AGM) - minus 97.8% from peak - and such is the severity of the bear market in small caps that what follows should not be that shocking but it is still shocking. Since last week Applied has been on a dog and pony show with its broker. The aim was to raise £3 million. However, the details are horrific:

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Yourgene dismal trading update: the Lady doth protest…surely a placing needed

Once upon a time, Yourgene (YGEN) was a growth stock, the sort of company where shoot the lights out sales increases justified a lofty multiple which might allow for yet another fund raise. How times have changed. Today’s trading update was piss poor and, whatever bearded boss Lynn Rees might say,  there must be a very high chance of a 2023 placing, as I warned three weeks ago HERE.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Tern – Device Authority fund raise: a maths lesson for morons

Sub scale investment company Tern (TERN) has announced that it has invested a fresh $303,000 in loan notes issued by Device Authority, its largest single investment where it has a stake of 53.8%, Two matters of grave concern should leap out at you.

Subscribe to ShareProphets to access Premium Content

Vast Resources – less than 2 working days away from suspension or is a deeply discounted placing underway?

Last year Vast Resources (VAST) had to complete an emergency and deeply discounted fund raise in October as without it the auditors argued the company was insolvent and so refused to sign off on the books. Even post placing they flagged up a material uncertainty. So what of 2022?

PREMIUM CONTENT

Deepverge raises £10-12.5m at 2p: everyone (apart from existing shareholders who are utterly screwed) is happy.

£10 million in a placing at 2p. Plus a broker offer raising up to £2.5 million more. Lovely Jubbly. Everybody connected with the POS Deepverge (DVRG) is happy, except shareholders who have, again, been royally screwed. As I oft predicted. So who are the winners on a day when Deepverge fessed up to yet another undeclared related party transaction involving Gerry “the arse” Brandon.

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bonus Bearcast: Who painted the Earl of Abingdon & is Deepverge's Gerry Brandon spoofing about being fired as CEO to get bailout placing away?

The mystery of the Earl of Abingdon remains and it is why I am late with the first of two podcasts today. Then onto Deepverge (DVRG) the firing of Gerry Brandon (real or spoof), the 100k screw by Mrs Brandon and the placing about which the company cannot but help tell a porky.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Scancell Shoots Higher On Commercial License But Is It A Bare-Faced Ramp?

AIM-listed Scancell (SCLP) was a company that I tipped – very unsuccessfully – in the past, on hopes of making pots of cash out of its medical technology. I sold, and needless to say, the shares then shot higher amid the Covid pandemic. But more recently, the ski-slope (downwards) reasserted. Until this morning.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

BREAKING: Wildcat Petroleum makes outrageous claims as tries to complete Pello placing by Monday night!

This is simply shocking. The proven reserves Wildcat Petroleum (WCAT) owns are zero. Nil. Rien. Yet in emails boss Mandhir Singh has been pinging out which have fallen into the hands of Winnileaks he is claiming that his company is “billion (sic) of barrels of oil”. And after a massive pump last week. Guess what….

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Deepverge – shares collapsing, has bailout placing failed? Statement needed

Oh dear, oh dear, shares in Deepverge (DVRG) run by Gerry “the journalist trolling arse” Brandon have collapsed again today and are now just 2.25p bid, 2.375p mid. And to think that – as I exposed HERE – the company started its current bailout fund raise with Turner Pope trying to raise £9 million at 5p. Ooops. The arse assured us that the response from a roadshow had been positive but the share price today (off another 17%) suggests either frantic forward selling or that the placing is flopping altogether.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

BREAKING: Avacta lies as placing raises less than it tried for, takes out £55 million death spiral

When not working out how to bankrupt me with a cunning Greek plan, the morons insisted that there was no placing coming from Avacta (AVCT). Well here we go, time to apologise morons. Today Avacta has raised £7 million at 95p and hopes that an open offer will bring in another £2 million and says “The Company consulted with a number of its major shareholders prior to the Placing and is pleased by the support it has received from both existing and new shareholders.”. I can reveal that is a big fat lie. Two folks who were made insiders havie confirmed that Avacta wanted to raise £15 million but could not. So to say it is “pleased” is just a lie. It gets worse.

Subscribe to ShareProphets to access Premium Content
AVO
AVO
PREMIUM CONTENT

Advanced Oncotherapy – Yet Another Fundraise As Odey Doubles Down Again

AIM-listed Advanced Oncotherapy (AVO) has announced yet another fundraise – this time for £6 million (before expenses) for the issue of another 24 million bits of confetti and associated warrants at 25p – the par price of the shares (below which it is not permitted to issue stock). The grateful recipient of the latest round of paper? Step forward clients of Odey Asset Management as Crispin Odey’s outfit doubles down yet again.

Subscribe to ShareProphets to access Premium Content
SOS
SOS
PREMIUM CONTENT

Sosandar: Sales Vanity, Profit Opinion But CASH Is Reality

AIM-listed online ladies fashionwear purveyor Sosandar (SOS) served up a half-year (to September) trading update this morning. The highlights were appealing: revenues up 72% year-on-year and a profit before tax of £0.1 million made good reading. But as Tom Winnifrith oft opines, sales is vanity and profit is a matter of opinion: what really matters is cash.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

BREAKING SHOCKING EXPOSE: Deepverge on week long roadshow seeking £8 million at just 3p

The roadshow started yesterday says a reliable City source. Having raised £10 million last June at 30p c/o the scholars and gentlemen at Turner Pope and blown all of that plus a £4 million Riverfort loan already, Deepverge (DVRG) cannot make the first £500,000 loan repayment to Riverfort due on Sunday as I discussed earlier.

Subscribe to ShareProphets to access Premium Content
HZM
HZM
PREMIUM CONTENT

The latest equity raise by Horizonte was disappointing but I still see plenty of long term value and it remains a buy: I have!

As a long term holder of Horizonte Minerals (HZM) I was disappointed to see the news that the company has needed to raise more capital via an equity issue, but I probably shouldn’t be too surprised.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Tern – More Reasons To Sell As The Bubble Deflates: Tom’ Problem Is That He Is Just Too Nice! Lights out by Christmas!

I am still nursing an ouzo-inflicted headache following Wednesday’s bailout placing at just 7.5p by AIM-listed Tern plc (TERN). Tom Winnifrith has covered this here and here already, but there are still more reasons to sell.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Haydale - Full Year Results Disaster

AIM-listed Haydale (HAYD), fresh from its bailout keep-the-lights-on placing and open offer at 2p in which it raised £5.5 million (gross) last month, has announced its full year results, to June 30, this morning. The numbers are truly grim.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Bidstack raises £10 million – is that enough?

Lunatics such as the low grade Ulster share spiv Nigel Hassard insisted that Bidstack (BIDS) did not need a fund raise even as its own broker slashed forecasts and warned that the company would be down to just £34,000 cash at December 31 this year.  The loons said that I was just scaremongering.  Of course, Bidstack did not tell ordinary investors about that Stifel red alert, instead, the very same day issuing a ramptastic statement about a $100 million market opportunity. I’d like to talk about an opportunity – also not grounded in any hard actual events – that I have with Cheryl Cole.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Tern Primary Bid offer flops – do the maths on when next bailout needed: it’s grim

If you do the maths, the Primary Bid flop for Tern (TERN) announced this morning is really bad news. The amount raised by Primary Bid and in a subscription is just not enough. It is a sticking plaster on a wound bleeding cash when a full tourniquet was needed. And it means that the countdown to the next placing is already underway.

Subscribe to ShareProphets to access Premium Content
MEX
MEX
PREMIUM CONTENT

GOTCHA – Tortilla Mexican Grill – profits warning when’s the placing?

I warned and I warned that this Mexican style fast food rollout would go badly and today shares in Tortilla Mexican Grill (MEX) have duly puked by 30% to 101p. It was just 362 days ago that this company joined the AIM sewer at 181p having raised £5 million for the company and £12 million for founders cashing in some of their nachos. Good call.

Subscribe to ShareProphets to access Premium Content
TYM
TYM
PREMIUM CONTENT

It can't be long until Tertiary Minerals needs to raise more cash soon via a discounted placing - avoid like the plague

Tertiary Minerals (TYM) has always been one of those companies that has promised a lot based on the potential of its resources in the ground, yet never seems to make much progress towards actually extracting any of them, whilst burning through cash and having to raise more at regular intervals.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Avacta Interims: no placing (yet) but bulls should not get too smug

Avacta (AVCT) shares are off only 0.5p at 109.5p today despite some fairly piss poor half calendar year numbers as bulls were given two straws to clutch at: a sharp increase in sales and the lack of a bailout placing. Fear not if you are short: the denouement is only delayed and here is why.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Bidstack ticks all the boxes for the bears

I start with a sort of Lucian Miers-style checklist for short candidates. How many boxes does Bidstack (BIDS) tick?

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Guild eSports renegotiates £15m greedy David Beckham deal to pave way for rescue placing

The David Beckham deal with Guild eSports (GILD) always stank to high heaven as I pointed out at the time of the IPO while the deadwood press sucked the cock of the Beckham PR machine. On its IPO it raised £18 million but agreed that – irrespective of what sales it achieved – it would hand £15 million of that to Mr David Beckham in return for his work as a brand ambassador. Today, less than two years after that IPO at 5p, the deal has had to be scrapped in order to persuade investors to back a bailout fundraise to stave off bankruptcy.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Vast Resources – yet another bailout placing, everything that is wrong with AIM

Before today, during 16 years when various executives have troughed it on a material scale, shareholders in Vast Resources (VAST) have witnessed a 99.96% share price decline. Today it will get worse as there is another bailout placing to fund operational failure and fat cat largesse, including a CEO on £227,000 a year. Everything about this latest disaster stinks.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Tern – Diabolical Interims, Technical Insolvency and Worse

AIM-listed Jam tomorrow investment company Tern plc (TERN) released awful interim results to June 30 2022 today – there is no jam tomorrow! With negative net current assets and a loss of £2.4 million, a failed takeover and a cash-crisis, it couldn’t get much worse…….but it does!

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: An apology, Death Spiral vs Bucket shop, why cash is not the answer and windfall taxes on oilers

Sorry for the lack of material yesterday. It was Joshua's birthday party.  Today I look at Chris and Malcolm's thoughts on staying in cash on the perceived threat of a windfall tax on big oilers and at the death spiral versus bucket shop debate. I apologise for an error on Friday in this regard and FWIW I think that in some cases death spirals are far better news than bucket shop placings and I explain why.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Capital Metals continues to move towards production but looks likely to need to raise more cash via a placing before it reaches that stage

Back in March, at the request of a ShareProphets reader, I took a look at Capital Metals (CMET) and noted that although the company and its resource didn’t really appeal to me personally, I could see some potential there if and when it reached production.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Inspirit – Waste Heat Recovery System Update = When’s The Placing?

AIM-listed POS Inspirit Energy (INSP) has updated the market on its waste heat recovery system, telling of great things from trials in Poland and plenty of jam tomorrow. It reads so beautifully: shareholders must be thrilled at being updated. So what’s the catch?

Subscribe to ShareProphets to access Premium Content

Tern – Don’t Get Fooled By Yesterday’s Spooooooooof!

Yesterday, AIM-listed jam-tomorrow and running out of cash fast investment company Tern plc (TERN) announced that CEO Al Sisto had piled in to buy a whopping 200,000 shares via a subscription at 9.9p on Tuesday. The shares moved up by 6% in response – adding £2 million to the market capitalisation. But this is all a massive spoof.

Tern – And Another Fundamental Question…..

We know that investee of AIM-listed jam-tomorrow investment company Tern plc (TERN), FundamentalVR (FVRVS), raised new money via a Series B funding round as announced on 31 May 2022, and again as announced on 11 August 2022 – the second of which cost Tern £1.5 million against the book value of its investment. On 28 July 2022, Tern chairman Ian Ritchie was announced to have bought 560,000 shares in Tern. This raises an interesting question.

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: BREAKING Candy Bros vs Bonnier in court - shit hits fan at AAA, Asimilar and Audioboom

The court case docket is below. I explain what it is all about and why it could crash Asimilar (ASLR), AAA (AAA) and Audioboom (BOOM), I also look at Westminster Group (WSG) where it is placing ahoy as vile ex Tory MP Sir Tony Baldry destroys yet more shareholder value, Ben's Creek (BEN) and its placing and Predator Oil & Gas (PRD) and the mounting regulatory storm concerning Paul Griffiths. He has got to go. Finally I will announce a new ShareStock speaker tomorrow, book your seats now HERE

Subscribe to ShareProphets to access Premium Content
PRD
PRD
PREMIUM CONTENT

BREAKING: Predator Oil & Gas Placing – if this does not stink, nothing does

Today Predator Oil & Gas (PRD) has raised £3.3 million in a placing at 5.5p. This stinks and begs massive questions about share dealings by chairman Paul Griffiths. The FCA and regulators should be all over it.

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Made.com's website tells you a bailout placing on the way: 8p? 7p? 5p?

In today's bearcast I discuss Kirsty Allsop's great macro call, Made.com's (MADE) looming financial crisis (with a screen grab below from its own website telling you how bad it is), the oil price ( down 25% in two months and falling) and Canadian Overseas Petroleum (COPL) and why it is a zero in 2023.

Subscribe to ShareProphets to access Premium Content
VRS
VRS
PREMIUM CONTENT

Versarien: shares slumping, is it the bailout placing or a grim year end trading statement? Or Both!

You will remember that when the old auditor to Versarien (VRS), run by loathsome charlatan Neill Ricketts, walked, the new bean counter said that it would not have sufficient time to sign off on results to March 31 so Ricketts extended the year end to September 30. But the shares are today sliding (again), off 10% to 18p, as chickens prepare to come home to roost.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Tern – Further Fundamental Fundraise Raises Fundamental Questions

AIM-listed jam-tomorrow IoT investment company Tern (TERN) announced yesterday afternoon that investee Fundamental VR (FVRVS limited) had raised a further £5 million in a second tranche of the Series B fundraise first announced back in May. That seems positive, so why the immediate share price drop in the market?

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Zero in waiting, Haydale – Gravity Asserts As Bailout Bucket Shop Placing Gets Closer. Just How Bad Will It Be?

By my back-of-an-envelope, AIM-listed Haydale (HAYD) is once again almost all out of cash – I reckoned HERE that the coffers could be bare before the end of September. Having burned through £430,000 in June alone, the company had £1.19 million at the close of June. So what will the company do?

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Another Deepverge turd for Gerry “the arse” Brandon to polish – death spiral kicks in October

On 23 June 2022 Gerry “the arse” Brandon, a man who broke AIM Rules 10 and 11 before his last bailout placing last summer, served up calendar 2021 results noticeable for their prodigious cashburn but the most bullish of statements about the jam arriving tomorrow, or in fact this year.. How things can change.

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - when is the placing at Oxford Cannabinoid?

 I start with AMTD Digital, run by a man banned from operating in Hong Kong, whose US listed shares have zoomed  ahead by 14,000% since its IPO a few weeks ago. It is now valued at more than Goldman Sachs. This is insanity writ large but it is risky betting against insanity. Then it is onto the stench of the Betahny Garner affair, Cellular Goods (CBX), Kanabo (KNB) and Oxford Cannabinoid (OCTP) where i discuss other clear signs that a bailout placing is being lined up. Then it is onto Online Blockchain (OBC) and the threat ADVFN (AFN) should be making against it. Finally I discuss La Willingham's Nightcap (NGHT), its trading statement and the cash crisis looming this Autumn.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Panther Metals – Conditional Placing at just 5.5p, I apologise but persist with my enthusiasm

Standard-listed Panther Metals (PALM) announced a conditional placing this morning, to raise £1.14 million at just 5.5p per share, with one warrant attached for each new share at 8.5p. Given that the shares have been up as high as 14p in the past year, the issue price is a big disappointment ro shareholders like myself – even if the discount to the prevailing price is only 12%. I must apologise for some of my prior enthusism on these pages, but...

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Haydale – Tries (And Fails) To Polish A Turd

When AIM-listed Haydale (HAYD) released a trading update AHEAD of its full year at the end of June, seemingly indicating that all was well, I wondered if that was really the case. Well, this morning we know the answer to that, after a full-year trading update. All most certainly is not well – and the shares are already down by 5.5%.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

AIM Dog Barkby – Year-End Update And “Strategy Update” Uh-oh!

AIM-listed Barkby Group (BARK) has released a trading update for its year ended 2 July 2022, along with an update on strategy. The former sees an unaudited bottom-line loss of £0.8 million whilst the latter implies there has been a strategic review – uh-oh!

Subscribe to ShareProphets to access Premium Content
MXC
MXC
PREMIUM CONTENT

MGC Pharmaceuticals – the share price is telling: this is an attempted ramp before a Mitchell Brothers discounted placing

MGC Pharmaceuticals (MXC) is drowning in red flags, as I exposed HERE. Moreover, it is almost out of cash, as I noted HERE. Hence, it has today announced the seventh ramptastic RNS since May 27. Seven in six weeks is pretty good going, but the recent share slump - 2.25p six months ago, to 1.1p on May 27, to just 0.975p today - is even more telling.

Subscribe to ShareProphets to access Premium Content
AO
AO
PREMIUM CONTENT

AO World – £40m Placing and Primary Bid offer – thanks, but no thanks

Having insisted that it was on track to hit forecasts (which included an improved cash position), AO World (AO.) has today announced a £40 million institutional book build and Primary Bid Offer, at 43p – last night, the shares were 47p. So, should you consider an investment? Er…no.

Subscribe to ShareProphets to access Premium Content
TSP
TSP
PREMIUM CONTENT

TruSpine Updates On Whereabouts Of Mr Godot (...or not)

He was coming by the end of 2020. Then he was going to appear during Q1 2021. Then Q2 2021. Then by the end of the year. And then by the close of Q2 2022 – ie yesterday…….and surprise, surprise, he hasn’t come. But he is most certainly coming tomorrow. Honest, guv’.

Subscribe to ShareProphets to access Premium Content

Verditek – that ol’ "contract win" spoof works again – bailout placing achieved

How many times will mug punters fall for this?  Last Thursday, Verditek (VDTK) shares traded at 1.3p, before soaring to 1.6p the following day. On Monday, there was a contract announced, and they roofed it to 2.5p. Today…

STX
STX
PREMIUM CONTENT

100% Vindication for @TomWinnifrith: Shield Therapeutics admits to failed $30m placing, gets bailout loan but will still be bust by Christmas

Oh dear, oh dear. This is truly awful, and explains why results normally released in late April, came out today - deadline day. Shield Therapeutics (STX) is in a mess, as I warned so often. Ouzo for me. Cabbage water for those who ignored my explicit warnings and instead, hurled abuse at me.

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Cliff Weight of ShareSoc, the High Class Eastern European hooker, Mark Slater & our bet

I'm not suggesting anything inappropriate - just making an analogy, as I discuss Zephyr Energy (ZPHR). Then, I touch on Optibiotix (OPTI), and a chat with Steve O'Hara. If you'd like to spend a day with Steve over all day drink and home-produced Welsh food, you can of course do so, HERE. I am pleased to say that almost a third of the seats are already booked out. After that, it is onto Oxford Biodynamics (OBD) and Shield Therapeutics (STX) - will its placing be at 5p, or not at all?.  Then, Pennon (PNN), sewage and Feargal Sharkey. Finally, Abingdon Diagnostics (ABDX), where good news has seen the shares rocket. However, that only postpones the next bailout placing (or death) until Adven

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Inspirit – Mind The Ramp As Placing Must Surely Follow

AIM-listed Inspirit Energy (INSP) has announced the remarkable achievement of over 30kW from a first stage build test for its waste heat recovery system. Woopie-do! But is this all it is cracked up to be, with the shares up 49% on the news?

Subscribe to ShareProphets to access Premium Content
VRS
VRS
PREMIUM CONTENT

Versarien – do a google search, and its latest spoof unravels in seconds

Versarien (VRS) admitted the need for a bailout placing within the next ten months (and probably much sooner), or it will go bust. With a quick google search, its latest RNS Reach spoof unravels in seconds.

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bonus Bearcast: Once Again, Deepverge Grotesquely Misleads Investors

Last year, AIM sewer poster boy,  Deepverge (DVRG), did a placing at 30p. It had misled investors on trading, and its ghastly CEO, Gerry "the arse" Brandon, slated me as not understanding investment. Today, the shares are 10.5p, after awful finals in which, as I explain in this bonus podcast, the company again - by omission rather than act - materially misleads investors. If you own this stock, lube up; there is more pain coming your way.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Wildcat Petroleum - a £35 million joke bust by Halloween: when is the placing?

You will remember: this is the company that lied in its very first RNS, claiming to have raised cash when it had not.  It then engaged in spoofery, stating that it was going to help companies with imaginary oil reserves, and monetize those fictitious assets via crypto/blockchain technology; the shares subsequently raced up to 4p. Now, it is again trying an E&P reversal, but a cash crisis is looming. Do the math!

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Wandisco – absolutely appalling MBE winning results – when will this £170 million bubble burst?

A week ago, Dave Richards - CEO of Wandisco (WAND) - was tweeting pictures of himself suited and booted, as well as his Mrs dressed up to the nines, as they headed to the residence of comrade Elizabeth Windsor. Today, he proudly waffles on about 2021 results from Wandisco. Only when you read the notes buried at the bottom, are you reminded of the dire realities. It could go bust, and will inevitably do a bailout placing - but is that enough? This is a train crash, and, rather than serving up nauseatingly misleading statements, Richards should admit to the facts.

Subscribe to ShareProphets to access Premium Content
CDL
CDL

Sub-Standard Listed Cloudbreak Discovery – As Predicted…..

I cannot help but notice that sub-Standard-Listed Cloudbreak Discovery (CDL) is back below its IPO price of 3p, at 2.8p in the middle. Call me Mystic Meg – for having sailed up as high as 13.25p on a ridiculous ramp, I commented in April that the shares have since drifted down to just 4.6p and seem set to drop back below the IPO price in due course. Where’s my Ouzo?

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: For Mrs P, this why I am walking today and is it placing ahoy at Argo Blockchain?

In today's podcast, I discuss Argo Blockchain (ARB) and why, later today, I shall be wading through 34 miles of nettles. If you can, please donate to Rogue Bloggers for Woodlarks, HERE.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Haydale – Trading Update: Surely This Is Placing Ahoy!

AIM-listed Haydale (HAYD) has offered up a trading update ahead of its full year to June 2022. Apparently all is well, with revenues ahead of expectations but is that really the case?

Subscribe to ShareProphets to access Premium Content

Trafalgar Property – Mystic Meg Strikes Again As Placing Collapses Shares

Only last Sunday I showed that AIM-listed Trafalgar Property (TRAF) was technically insolvent, with MINUS £345,000 in net current assets, net assets of MINUS £3.3 million and cash of just £24,000 all as at last September. With a big ramp in play following the appointment hydroponics specialist of Dr Paul Francis Challinor, it was surely obvious that a discounted placing was on the way and whilst everybody was putting the finishing touches to the Platinum Jubilee bunting at 3.07 pm the day before a double bank holiday – truly no-one-is-watching o’clock - the company duly announced the issue of 133 million new bits of confetti at a massive discount. Nice work – call me Mystic Meg.

PREMIUM CONTENT

Tern – Takeover Of Pires Investments SPOOOOOOF!

AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) has announced a recommended all-share deal to take over AM-listed Pires Investments (PIRI). The fanfare numbers are that Pires investors are getting a 54% premium to the previous closing price, with Tern’s shares priced at 15.5p, but that seems to me to be a spoof. One wonders why Pires' board took the deal…..

Subscribe to ShareProphets to access Premium Content
TSP
TSP

Aquis Lobster-Potted TruSpine: Well There’s A Thing, Says Mystic Meg!

On Monday I asked When Will The Money Run Out? at Aquis lobster-potted TruSpine (TSP) and yesterday we got the answer, in the form of a placing, subscription and a debt-for-equity exchange raising £700,000 (before expenses) of new money and converting a stack of outstanding directors fees and third party creditors. Eat your heart out, Mystic Meg! Oh, and er…..oopsie…..the company “forgot” to mention that it had issued 724,902 shares to third party creditors back in November, failing to issue an RNS or apply for those shares to commence trading. Move along please, nothing to see here!

URU
URU

URU Metals – 85p per share Death Spiral Conversion Rolled Over Again!

AIM-listed John Zorbas vehicle URU Metals (URU) has announced yet another roll-over of the particularly advantageous 85p conversion terms on its $500,000 death spiral funding from Boothbay Absolute Return Strategies LP. With the shares currently at 350p in the middle, this is a licence to print money. The giveaway terms are now open to Boothbay until 31 May 2023.

VRS
VRS
PREMIUM CONTENT

Two questions for loathsome Neill Ricketts of Versarien, as his product loses certification

Versarien (VRS) shares have surged of late: last week, they lounged at 15p; yesterday, they reached 24p. This surge is all the more remarkable given the company’s May 12 warningwithin a year, it could run out of money. My guess? The spike is driven by chatroom speculation and is, in effect, a concerted pre-placing ramp. In that vein, I have two questions for loathsome CEO, Neill Ricketts:

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

BREAKING: Petro Matad fails to raise £2 million, placing aborted

Oh dear, oh dear; we really must be in a bear market. Last, July Petro Matad (MATD) raised $10 million, at 3.5p…

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Verditek statement needed asap – the Fat Lady is gargling, is she not?

Each January, AIM-listed Verditek (VDTK) - chaired by Tory toff, Lord David Willetts - would issue a trading statement, covering the calendar year. It was never anything to write home about, as, despite announcing huge orders ahead of a discounted placing, none would turn into actual er….orders. So, this was typically a January confessional. But in 2022, there was no trading statement.

Subscribe to ShareProphets to access Premium Content
KAV
KAV
PREMIUM CONTENT

Kavango Resources: Would Ben Turney of old slate this slick promoter for sophistry or worse?

In the old days of editing this website, flip flop Ben Turney would skewer penny share promoters for deceiving investors. These days, flip flop runs Sub Standard Listed Kavango Resources (KAV), which today raised £750,000 at 3p, Friday’s closing offer price.  The RNS is bure bunkum, but there is worse.

Subscribe to ShareProphets to access Premium Content
OEX
OEX
PREMIUM CONTENT

Oilex placing news shows that all those claiming to have inside information were all lying

I’ve previously written here about the attempts by some to manipulate the share price of Oilex (OEX), and particularly with regards to an upcoming placing, but that will come to an end now that the company has released the actual details.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

SHOCKING EXPOSE: Anthony Joshua backed Love Hemp admits it lied about fund raise but lies again as advisor quits and shares suspended

First thing yesterday morning shares in Love Hemp (LIFE) the pot play backed by boxer Anthony Joshua saw its shares suspended. At 4.35 PM it fessed to the grisly truth: it had lied about a fund raise announced on 8 February. But then it carried on lying. No wonder, adviser Peterhouse has resigned.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

BREAKING: Nightcap - feel that £750 an hour cashburn! Utterly misleading trading statement – bailout placing ahoy!

Dragon’s Den star, Sarah Willingham, cannot contain her excitement as she gushes about “further positive trading” in a Q3 statement, out today. She is, however, a bit shy on the record cashburn and looming cash crisis at Nightcap (NGHT), which means another bailout placing is imminent.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Tern – ShareProphets RNS Translation Service Decodes AGM Statement As Tom Winnifrith Waits By The Phone For That Call

AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) today provided an update in the form of its AGM statement. As ever, it is full of hyperbole but offers few hard numbers. The ShareProphets RNS Translation Service explains all…..

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

W Resources – Nomad and broker resign or are resigned: surely game over now?

Long-term Michael Masterman, of AIM dog W Resources (WRES), has announced that its Nomad, Grant Thornton, and its joint brokers, Alternative Resource Capital and Shard Capital, have all resigned with immediate effect. The question is: did they resign or were they resigned?

Subscribe to ShareProphets to access Premium Content

UKOG – Yet Another Spoooooooooooof From Lyin’ Steve As A Proud Member Of The 1% Club

As we await the latest heavily discounted bucket shop bailout placing – or worse – from AIM-listed UK Oil & Gas (UKOG), we have already had ramptastic 2D seismic processing from its duff Turkish assets and this morning it was announced that CEO Lyin’ Steve Sanderson has been buying shares. Quick, follow the man……..or not!

OEX
OEX
PREMIUM CONTENT

BREAKING EXPOSE: Oilex - more share price manipulation and claims of insider information being leaked

A couple of weeks back I wrote a piece here about how the share price of Oilex (OEX) was being manipulated, with all sorts of claims being made from some people about being told information that wasn’t in the public domain.

Subscribe to ShareProphets to access Premium Content

Bonhill – 2021 results & fundraise, how was the balance sheet?...

Previously writing on B2B media group Bonhill (BONH) I noted that it proposed to raise approximately £1.1 million at 5.5p per share via a placing and open offer it stated “for working capital purposes” but I suggested to avert cash crunch ahoy. Now further fundraising detail along with calendar year 2021 results.

PREMIUM CONTENT

Haydale – More Ramping As It Announces Old News Via RNS, serious countdown to placing or Fat Lady performance

AIM-listed Haydale (HAYD) issued an RNS Reach this morning to announce that it is celebrating a double award win, with the Group picking up an award at the prestigious 2022 British Engineering Excellence Awards ('BEEAs') and named as a winner of the Kidney Research UK MedTech Competition respectively. But…..

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Why regulators should be all over Canadian Overseas Petroleum & Vast Resources - 2 placings that stink

I start with Deliveroo (ROO), whose IPO was at 390p - a year later, the shares are at 106p. What went wrong, I ask, and what now for the shares? Then to two placings: Vast Resources (VAST) announced its placing on Monday; I discussed the one Canadian (COPL) has been working on since last Thursday, last night. It seems to be struggling, but I expect it will be announced by the company tomorrow. Both placings stink, and decent regulators would be all over them. I explain why.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

BREAKING: Ordering ouzo for my breakfast cornflakes – Canadian Overseas trying to get placing away at 20p

Last week, I wrote several articles about how Canadian Overseas Petroleum (COPL) misled investors and was facing a cash crisis. Snake oil salesman, CEO Arthur Millholland of Oilexco infamy, responded with a denial, claiming I did not know what I was talking about and was motivated by nefarious aims of self-enrichment. Well guess fucking what?

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Letter to FCA – Is it acceptable to lie about why you are raising cash on the Standard List?

Yes, for the second time this week, I have written to the regulators of the Standard List, that is to say, the FCA, asking for an investigation into Canadian Overseas Petroleum (COPL), the almost insolvent POS run by snake oil salesman Arthur Millholland of Oilexco infamy. The letter is below.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

BREAKING EXPOSE: Another $8 million MONSTER LIE from the snake oil salesmen at Canadian Overseas Petroleum

Adding to the grotesquely deceptive and misleading RNS of April 1, and the failure to inform investors of numerous covenant breaches, I now expose another $8 million PORKY PIE from the Snake Oil salesmen at Canadian Overseas Petroleum (COPL). This should shock even the FCA into action.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Tick-tock, tick-tock As The Tern Timebomb Counts Down Towards Zero

AIM-listed jam tomorrow IoT investment company Tern plc (TERN) badly needs to get a fundraise away as the closing date for cashing in its first round of warrants at Wyld, listed on the Nasdaq First North joke market in Stockholm approaches. I reckon it has got at best a couple of weeks and probably only one week before disaster strikes. The only question for me is whether the disaster will be the collapse of Wyld or just a massively discounted bucket shop placing-induced collapse in Tern’s share price.

Subscribe to ShareProphets to access Premium Content

CyanConnode – ‘a world leader with a growth fundraise’. Really?...

Describing itself as “a world leader in narrowband radio frequency smart mesh networks”, CyanConnode (CYAN) has announced new funding which it states “allow us to maintain momentum and win some of the large opportunities being presented to us” – and the shares have currently responded up to 16.5p. This though follows I previously questioning “solid progress” or continuing cash burn? (And what about the borrowings?!) with the shares falling below 21p in January. So what now?…

PREMIUM CONTENT

Vast Resources: Atlas dumps again as cash crisis becomes critical – fat Lady now gargling for May Day performance!

Just four days after death spiral provider Atlas converted $150,000 of debt into Vast Resources (VAST) shares at 0.86p having forward sold, it has announced the conversion of another $150,000 this time at 0.77p. In February the conversion was at 1.24p. Do you see a trend? My guess is that those shares have already been forward sold and that Atlas will now be working on dumping even more stock ahead of the next conversion. Why the panic? Two reasons:

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

UK Oil & Gas – FY Results – explicit warning of bailout placing ahead

If folks are looking to punish Russian war criminals for atrocities committed in Ukraine, I suggest they be locked up for years and made to re-read today’s FY results from UK Oil & Gas (UKOG) fifty times a day.  Wading through pages of ESG guff and self-congratulatory horse really does make one lose the will to live. But buried in it is a stark admission of impending share price doom

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Vast Resources the death spiral that was meant to be replaced crunches the share price again - official target now 0p

On January 31 Vast Resources (VAST) announced that it had almost replaced its Atlas death spiral with alternative funding, a refinancing. Natch that was grossly misleading! This is Vast after all.

Subscribe to ShareProphets to access Premium Content
AVO
AVO
PREMIUM CONTENT

Advanced Oncotherapy – When’s The Placing As Cash-Crisis Mounts Amid Shares Falling Below Par

I noted at the beginning of this month that AIM-listed Advanced Oncotherapy (AVO) needs to get a fundraise away pronto, but that its shares were threatening to drop below the nominal price of 25p, below which it cannot issue new shares by law. On Friday the shares closed at 24p (mid) and I would suggest that Advanced – or, rather, its shareholders – have a big problem.

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: 3 dogs and an arse

In today’s podcast I look in detail at Deepverge (DVRG) whose CEO Gerry Brandon is a 100% arse and whose most recent RNS is utterly deceptiive. I also look in detail at musicMagpie (MMAG) where a placing will be messy but is a slam dunk cert if the Fat Lady is not to make an appearance and at Cineworld (CINE) which remains a slam dunk short. 

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Tern – A Second RNS Reach In One Day….You Can Just Smell Discounted Bucket Shop Placing Coming This Way

Tom Winnifrith pointed to yesterday morning’s RNS Reach from AIM-listed jam-tomorrow IoT investment company Tern plc (TERN), noting that in effect the investment made was worth around a grand. So even if it was a rampant success it would never make a jot of difference. But not satisfied with that Tern issued another RNS Reach intra-day detailing an internet of things standards project with reference to its biggest investee Device Authority. So was this any more significant?

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Updated: Tern – spooooooooooooooooooooooooooof – doing maths the Belfast way

As explained HERE, sub scale investor in crap companies Tern (TERN) needs to get a placing away by April Fool’s day or it is in deep merde.  Hence a desperate attempt to ramp the shares ahead of a visit to the bucket shops for the discounted bailout. Even Tern could not bring itself to make today’s release an RNS. It is an RNS Reach meaning that it is financially immaterial. You will be amazed just how immaterial it is. As such this is a major red flag that a discounted placing is imminent so if you are buying shares in the market today you better lube up.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Journalist trolling arse Gerry Brandon fools the morons (again) – production orders are not revenues & certainly not cash!

As Deepverge (DVRG) burns cash and prepares for this year’s bailout placing, the journalist trolling arse of a CEO Gerry Brandon is playing his usual game of spoofing the morons who comprise his shareholder list and ramping the shares with announcements that are designed to mislead a group of investors with a collective IQ of less than that of a cheese sandwich. Last year Gerry the arse broke AIM Rule 11 with the pre-placing ramp, this year it is more nuanced spoof.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Every Cloud has a silver lining – Lyin’ Steve Sanderson jumps on board the Ukrainian bandwagon

So what if women and children are being blown to shreds in Kiev. The “good” thing about that war is that it means we must stop using oil and gas produced by the evil Russians – we don’t use much anyway – and thus need to turn to UK Oil & Gas (UKOG) run by Lyin’ Steve Sanderson to bail us out. Talking of which, I wonder how the placing is going …

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Parsley Box – bailout placing at 20p to raise up to £7 million: not enough

Parsley Box (MEAL) has served up unaudited 2021 numbers which are mouthwateringly awful and announced a £5.9 million placing and £1.1 million open offer which is not underwritten. The price of 20p is a small premium to yesterday’s close but a big discount to when FinnCrap started scuttling around the City with the begging bowl out.

Subscribe to ShareProphets to access Premium Content

Tern – Will The 10p Watershed Give Way As Perfect Storm Hits Fundraising Plans

For most of the last year, AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) has survived because its supporters were truly sold on Tern’s portfolio being worth a multiple of the official NAV per share which allowed Tern to issue more and more shares like there is no tomorrow at a huge premium to NAV per share, even if at massive discounts to the prevailing share price. Until now.

Panther Metals – Placing Bookbuild at 8p

Standard-listed Panther Metals (PALM) has announced this morning that it is raising between £0.3 million and £0.36 million in a placing via an ongoing accelerated bookbuild at 8p per share. With the shares having closed last week at 8.3p in the middle it is a very small discount, although perhaps on reflection it might have been better to rattle the tin at the start of the year when the shares were over 12p.

AVO
AVO

Advanced Oncotherapy – Ignore Director Buying As Placing Approaches

AIM-listed and surely sort of cash Advanced Oncotherapy (AVO) announced yesterday morning that Prof Stephen Myers, executive director and the chairman of ADAM – Advanced’s development team in Geneva – had bought a total of 140,000 shares. At 27.64p (on average) that is £38,700 worth of stock. It sounds quite impressive, but this is certainly not a situation where it is advisable to follow director buying. In fact, I take the opposite view: the shares are a sell.

PREMIUM CONTENT

Tern – New Venture With Money It Hasn’t Got As Clock Ticks Down To Bailout Placing

AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) announced yesterday that it is to participate in the Sure Valley Ventures UK Software Technology Fund, to the tune of an initial £90,000 and a total of £5 million over the next ten years. So where is the money coming from as the deadline for converting Tern’s first round of warrants in Wyld (due at the end of the month) ticks down to an inevitable discounted bucket-shop placing?

Subscribe to ShareProphets to access Premium Content
MDZ
MDZ
PREMIUM CONTENT

Mediazest – FY Results Show Placing Must Be Imminent

AIM-listed Mediazest (MDZ) announced its full year results to September this morning and the numbers were a horror show. The shares are 18% down as I write, to 0.0775p and there is every reason to expect them to fall further.

Subscribe to ShareProphets to access Premium Content
CDL
CDL

Sub-Standard Cloudbreak Discovery: Smash’n’Grab Placing at 20% Discount

It was announced intra-day yesterday that sub-Standard Listed Cloudbreak Discovery (CDL) had raised £1.5 million (before expenses) in discounted placing at 7.5p a pop. This follows the miraculous rise of the shares which started ahead of the announcement of boardroom buying, which saw the shares rocket from around 1.75p to as high as over 13p yesterday, just before the announcement.

AVO
AVO
PREMIUM CONTENT

Advanced Oncotherapy – Good News Of Another Delay! Er.....?

AIM-listed Advanced Oncotherapy (AVO) has announced that its first proton beam therapy unit at Daresbury has once again been delayed. First it was due in 2021, then the end of 2021, then Q1 2022….now we are told more tests during Q2 and then finalisation of the integration of the remaining high energy accelerating modules and reaching the 230MeV target over the summer. That sounds like Q3 for Mr Godot to finally make an appearance. Or not.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Tern – Wyld results feel the cash burn, cash crisis within weeks

Tern (TERN) is always happy to use the Adam Reynolds keyboard to publicise details of new deals for its investee companies but is much shyer about revealing any financial details.  Wyld Networks recently published its results for the year ended 31 December 2021, HERE, and unsurprisingly Tern didn’t bother to highlight them probably because financially they were piss poor..

Subscribe to ShareProphets to access Premium Content

Haydale – Interim Results Show Placing On The Way: SELL

AIM-listed graphene play Haydale (HAYD) announced its interim results to December 2021 this morning and despite the advertised £3.84 million of cash, yet another placing is surely inevitable. Revenues fell from £1.28 million to £1.19 million, pre-tax losses increased from £1.93 million to £2.46 million year on year – what’s not to like? But the real problem is the balance sheet.

AVO
AVO
PREMIUM CONTENT

Advanced Oncotherapy – Is It Placing Ahoy Amid Further Delay To Light System?

I see that shares in AIM-listed Advanced Oncotherapy (AVO) are down to just 26.5p – only a penny and a half above the nominal price. Normally that might not be an issue, but Advanced is a serial non-deliverer of promises and has had to place at regular intervals until now. So what chance a bucket-shop placing to keep the lights on whilst we await the ever-delayed first LIGHT system to even offer a sprinkling of hope for some revenue?

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Haydale – As Interims Approach, What Of The Cash Position - When's The Placing?

Last week saw yet another RNS Reach announcement from AIM-listed Graphene play Haydale (HAYD). Reach announcements are used for non-regulatory news, ie non-financially significant announcements and advertising, so a deluge of them is a Red Flag for me, indicating it is bucket-shop placing ahoy.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Predator Oil and Gas – Here we go again – placing ahoy?

Predator Oil and Gas (PRD) is a rather very questionable company I have not commented on for some time. Last time was in July last year. I commented on the exec director share dumping and a late reported related party asset deal. 5 days later Ron Pilbeam departed the board with the assistance of Tom Winnifrith and the FCA. Tom celebrated with Ouzo for breakfast and me with Chianti and fava beans for tea. Guess what – I see history about to repeat on one interesting aspect.

Subscribe to ShareProphets to access Premium Content
  • 479 days ago
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Beware the blizzard of confetti on its way to you from Anglesey

I mention briefly events at Omega Diagnostics (ODX) but that is covered largely in a seperate bearcast HERE. Then it is onto the new big covid test short Avacta (AVCT) and why our own esteemed PL is talking cock. I cover Anglesey Mining (AYM) and what its news today really means. Then a long look at Osirum (OSI). Obviously it is a worthless POS but what does its deeply discounted placing today mean for YOUR portfolio? 

Subscribe to ShareProphets to access Premium Content
ODX
ODX
PREMIUM CONTENT

Omega Diagnostics confirms all my scoops – placing, HQ sale, open offer – shares slump again- now onto the next BIG SHORT in the sector

I shall be recording a special podcast outside of the paywall later for shareholders in Omega Diagnostics (ODX) for they have been well and truly mugged, but not by me, and must be spitting nails this morning as it finally fesses that everything I have  exposed on this website was true.

Subscribe to ShareProphets to access Premium Content
ODX
ODX
PREMIUM CONTENT

Breaking – Omega Diagnostics set to announce hugely discounted £7m placing and open offer at 5p within hours!

A reliable source tells me that Omega Diagnostics (ODX) has completed a c£5 million placing at just 5p. And given how the morons who own this stock – which at 9.9p is capitalized at £17 million – will be royally diluted, there will also be an open offer at the same price to raise up to £2 million.

Subscribe to ShareProphets to access Premium Content
ODX
ODX
PREMIUM CONTENT

BREAKING: Omega Diagnostics, hugely discounted placing next week – source

As its CEO “was resigned” on 19 January Omega Diagnostics (ODX) poured cold water on the suggestion that it was about to do a bailout placing in a way that I said was grossly misleading HERE. Well knock me down with a feather.

Subscribe to ShareProphets to access Premium Content

Haydale – Another RNS Reach SPOOOOOOOOOOOOFFF

On Monday AIM listed Haydale (HAYD) announced the appointment of new Nomad/Broker FinnCap. Yesterday there was a first RNS Reach spoof and today there is another. With cash surely inadequate to get through the auditor’s Going Concern test later this year, I ask again: when’s the placing.

Haydale – Yesterday New Broker/Nomad, Today An RNS Reach: When’s The Placing?

AIM-listed graphene play Haydale (HAYD) is up to its old tricks again with the release of an RNS Reach telling us that iCraft is using Haydale’s graphene product in a graphene-coated fabric. Yesterday we were told of the appointment of a new Nomad/Broker, today we get an RNS Reach. When’s the placing fellas?

Tern – Wyld News, But It Is An RNS Reach: Sell The Spoof!

We all know that AIM-listed jam-tomorrow investment company Tern plc  (TERN) needs to rattle the tin yet again and sharpish in order to hold its corner as the first round of Wyld warrants comes up for exercise. We also know that Tern’s share price has collapsed (not by enough) in the wake of bad news from its portfolio of cash-hungry investees. And that brings me to today’s flag-waving RNS.

MXC
MXC
PREMIUM CONTENT

KERBOOM: MGC Pharmaceuticals: How many red flags can you spot in this £70m Turner Pope spoof

Pot play MGC Pharmaceuticals (MXC) joined the Standard List on 9 February 2021 and has already issued more RNS releases than most companies do in a lifetime. But that is not the only red flag relating to this dual listed ASX entity now being touted by certain chatroom trolls as the next big thing. MGC is drowning in red flags and its valuation is absurd.

Subscribe to ShareProphets to access Premium Content
UJO
UJO

Union Jack distracts from elephant in room with misleading trading statement

The elephant in the room is that Union Jack’s (UJO) disgraced boss David Bramhill has spent vast amounts of shareholders cash hiring spooks to spy on and troll shareholders, journalists and his own advisers as exposed HERE. That makes Union Jack shares toxic and today’s utterly misleading trading statement will not change that.

Haydale – Welcome Aboard FinnCrap As Nomad/Broker: should We Draw A Conclusion?

AIM-listed Graphene play Haydale (HAYD) has appointed FinnCap as Nomad and Broker. So is it fundraising ahoy?

PREMIUM CONTENT

Wildcat Petroleum – bailout discounted placing ahoy, shares collapsing

Wildcat Petroleum (WCAT) is the Standard Listed company that lied in its very first RNS exactly one year ago today.  More importantly it is rapidly running out of cash, as I noted here, having failed to get anywhere close to executing an RTO as promised 12 months ago. It gets worse.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Chill Brands – Spoooooooooooooooooooooooooooof

The fraud that is Chill Brands (CHLL) is running out of cash fast with sales at levels that are almost statistically insignificant.  Rather than update us all on that tale of woe there is another spoof. This is all part of an attempted ramp to get a deeply discounted bailout placing away as soon as is possible. Todays spoof is laughable. I offer a translation service

Subscribe to ShareProphets to access Premium Content
FOX
FOX

Fox Marble – another placing and demand picks up, still a risk/reward Buy

Fox Marble (FOX) has recently announced a fundraising and that it is “optimistic that 2022 will prove to be a turning point for the company”. Bothstatements have akind of familiar ring to them but are there solid grounds for optimism now?

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - some very serious number crunching on Versarien and its failing death spiral

I start with Bluebird Merchant Ventures (BMV) and the FCA. Who is being a moronic fucktard today?  Then some very serious number crunching on Versarien (VRS) and its looming cash crisis as the death spiral from Lanstead starts to fail. Then on why Bidstack  (BIDS) has offered its long suffering sharehoders a great selling opportunity today. And a few words and questions for Lyin’ Stever Sanderson at UK Oil & Gas (UKOG) – placing ahoy!

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

UK Oil & Gas with another spoooooooooooooooooooooooooooooooooooof – Lyin' Steve and the share purchase

UK Oil & Gas (UKOG) needs to get a placing away by St Valentine’s Day or it is deep in the merde as I explained HERE. No institution will touch this crock run by Lyin’ Steve Sanderson so the next bailout placing, like all the others, is a bucket shop special which is why Pinocchio  is ramping his arse off with spoof RNS after spoof RNS to try to get private investors buying the shares ahead of a placing at a big discount to the City spivs. Yesterday’s spoof RNS was a green one - today Lyin’ Steve spoofs with a share purchase.

Subscribe to ShareProphets to access Premium Content

Blackbird Has Spoken. It's Flying with an Ambitious Growth Programme

Hello, Share Scrimpers. Previously, I’ve commended Blackbird (BIRD) to you. It’s a company with dazzling technology that allows TV companies to edit and broadcast their programmes in the Cloud. A flurry of orders a few months ago galvanised the share price. But since then, as is often the way, news has dwindled and so has the share price. But there’s now an announcement that signals this growing company may have only just got going.

UJO
UJO
PREMIUM CONTENT

Union Jack Oil – Trolling journalists and their girlfriend and ex wife: Who’s a total scumbag? Mr David Bramhill

Tom recently revealed that an AIM company had apparently spent £40,000 investigating the background of a journalist on this site. I understand the revolting dossier included details of the writer, his partner and his Ex and his business. The report was trying to pin the leaking of this companies’ placings on an individual, and doing so in a very nasty way. I have not seen the report. Tom has it and has let me know the highlights. So, Mr David Bramhill, of Union Jack Oil (UJO), step forward and take the honours. You investigated me with your £40,000 Private Investigators. You, Mr Bramhill,  are a xxxx — and I make no apologies for that language. You are Scum.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Tern – when is the next placing, massive cash crisis by Easter

Having raised £4 million gross at 18.8 pence per share on 13 July 2021, the Bulletin Board Morons, although feeling somewhat sore given that the Tern (TERN) share price was 12.5 pence bid price at the close of business yesterday, might be consoling themselves thinking that, at least, the jam tomorrow specialists, won’t be asking for any more cash for some time.  Sadly, that isn’t the case and I demonstrate below why they will very shortly be asked to stump yet more cash to feed the greedy board and its portfolio of loss making and cash guzzling investments.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Rutherford Health (formerly Woodford Favourite Aquis lobster-potted Proton Partners) – Where Is The Financing Update, Or Is It A Visit To The Corporate Hospital In The Sky?

Last Friday Aquis-listed Rutherford Health (RUTH) advised that it was in discussions to secure bridge financing and that a further announcement would follow this week. This followed the non-appearance of placing monies originally announced back in August which were repeatedly put back. Is the company out of cash yet?

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Abingdon sings at the Covid bailout placing ball, next up Omega Diagnostics then Abingdon again?

Abingdon Health (ABDX) will, no doubt, claim that its up to £6 million placing, open offer and Primary Bid offer at 25p is down solely to the DHSC not paying delayed bills. But then again this was a company that was technically insolvent before it raised £20 million at is IPO a year ago so, in my view, it has always been a basket case and I have explicitly warned you many times that a bailout was looming. For the record, this will not be the last one. So, who is next? Abingdon again or the other grossly overhyped covid dog Omega (OMX). But first a covid prediction…

Subscribe to ShareProphets to access Premium Content
SOS
SOS
PREMIUM CONTENT

Sosandar – Interims and Bullshit Earnings

In the past AIM-listed online ladies clothing purveyor Sosandar (SOS) boasted of EBITDA (bullshit earnings) in part because they were pretty close to real, bottom-line earnings and cash outflow. Not so any more! So we are told of EBITDA positive trading recently and the company boasts of revenue growth of 184% to £12.2 million, Gross Profits of £6.9 million, Net Cash of £7.4 million and that the EBITDA loss was £0.99 million in the six months to 30 September, So things are going gangbusters, right? Not so fast……

Subscribe to ShareProphets to access Premium Content
HZM
HZM
PREMIUM CONTENT

Horizonte Minerals secures a $633 million funding package for its Araguaia nickel project - remains a long term buy

Horizonte Minerals (HZM) looks as though it has defied the odds and will actually manage to bring a large project requiring significant Capex into production, whilst at the same time retaining 100% of it.

Subscribe to ShareProphets to access Premium Content
WSG
WSG
PREMIUM CONTENT

Feel the slime and oil as disgraced Tony Baldry slips out another (lack of) profits warning at Westminster, placing needed

The curse of former Tory MP, Tony Baldry of 3DM infamy just will not go away. When oily Tony joins a company, he will make a packet and the shares will tank. That is one of my golden rules of investing and slimy Tony’s record in this respect is unblemished. So to the latest warning from Westminster (WSG), a turd which Tony tries, and fails, to polish.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Will McColls have to do ANOTHER placing after today’s dismal warning? Do the maths!

In August, McColls (MCLS) raised £33 million gross in a placing and open offer. Natch the crony capitalsts snaffled almost £3 million of that in fees which is perfectly understandable. FFS: Do you know what inflation is running at for upper class hookers and pure Charlie?  Today there was dismal profits warning which begs the question of whether another bailout will be needed. Let’s do the maths.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Wildcat Petroleum – this is a £57m grandiose farce of share price manipulation & news puffery

As a reminder: Standard listed Wildcat Petroleum (WCAT) lied with its first RNS last December 31 about having raised money. It had not. It now has sub £200,000 left and, ceteris paribus, will go bust by Easter. Its June 30 accounts were promised for October and are still not yet out, with no explanation for the delay. Its November AGM has had to be postponed with no new date given. But in what appears to be blatant market manipulation, its shares are roofing it. Why will the FCA do nothing? Today we have news …

Subscribe to ShareProphets to access Premium Content
Clown
PREMIUM CONTENT

Vox Markets and the Companies House Filings - Has Justin the Clown been rumbled?

As you may recall, the business model of Vox Markets is that companies pay £15,000 a year to get interviewed by Justin the Clown who then asks the CEO whether he prefers Hob Nobs or Jaffa Cakes and whether his schlonger is ginormous or merely massive. The sort of AIM and Standard Listed companies that sign up, hope that such interviews can move the share price so allowing the next bailout placing. Maybe those companies have finally worked out that nobody takes the Clown seriuously and this business model is finally being rumbled. I see interesting filings at Companies House.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Rutherford Health (Formerly Woodford Favourite Proton Partners) - Deal with BUPA but Where Are The Numbers And What Is The Cash Position?

Aquis lobster-potted Rutherford Health (RUTH)  – formerly Neil Woodford favourite Proton Partners – has announced a deal to open new health clinics in partnership with BUPA. Great, whizzo……but there is just one tiny little thing wrong here!

Subscribe to ShareProphets to access Premium Content
DPP
DPP

DP Poland – placing for “further expansion and market penetration”. Really?...

Operator in Poland of pizza stores and restaurants and of the Domino’s Pizza franchise, DP Poland (DPP) has announced a £3 million placing it emphasises at a premium at 8p per share and with “it requires additional capital investment to implement its growth plan for further expansion and market penetration”. So what of a current 7.75p share price?…

PFC
PFC
PREMIUM CONTENT

Petrofac looks to have resolved its issues just in time to take advantage of an oil and gas boom - speculative buy

Petrofac (PFC) shares have been good for trading over the past few years, assuming you managed to get your entries right, but the company has had too many potential issues to really have been considered an investment, unless you had a very high appetite for risk.

Subscribe to ShareProphets to access Premium Content
VRS
VRS
PREMIUM CONTENT

UPDATED: BREAKING: City source – Versarien “sounding out” for monster fund-raise at 18p

The shares are today trading at 29.5p, valuing this POS at c£58 million, but are slipping gently. The reason: Versarien (VRS) the AIM listed jam tomorrow stock run by serial ramper Neill Ricketts is, according to a City source, sounding out investors about a fund raise of £30million at 18p. The rationale?

Subscribe to ShareProphets to access Premium Content
EUA
EUA
PREMIUM CONTENT

Letter to AIM Regulation – after two years might you pull your finger out on Eurasia Mining?

The Oxymorons at AIM Regulation, led by the hapless poltroon Mr. Marcus Stuttard, the bogus Sheriff of AIM, like to claim that they have created the world’s most successful growth market. But the events of the past two years at Eurasia Mining (EUA) have shown that those who want to run rings around Marcus and the clowns who work for him don’t have to try too hard.  I have written to Marcus and his colleagues about the farce at Eurasia and the supposed bid talks. Enough is enough. Will AIM Regulation force a statement? The answer to that one may involve myself and Ms Cheryl Cole.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Rutherford Health (Formerly Proton Partners) – Delays, Delays From Former Neil Woodford Favourite. Has the Cash Run Out Yet?

Aquis lobster-pot listed Rutherford Health (RUTH) has announced yet another delay in its acquisition of Proton Partners International Health Care Investments LLC, UAE. The deal, originally announced on 31 August 2021 – along with a placing which is also delayed – was due to complete 21 days on from a share swap deed dated 28 August. Then it was 11 October 2021. Now it is 16 November and the ShareProphets bookies are offering generous odds on yet another extension after that.

Subscribe to ShareProphets to access Premium Content
AYM
AYM
PREMIUM CONTENT

Anglesey Mining Placing: no forward selling here, this is London and everybody is honest guv? PS is this a record breaker?

Anglesey Mining (AYM) the ultimate jam tomorrow mining penny dreadful is today boasting of how it has raised another £768,230 at 3.4p a discount of just 5.6% to the close yesterday. Whatever you say chaps. The money will be used to do more exploration work mainly at the Parys Mountain hole in the ground in Anglesey and, of course, to pay those vital PLC costs.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Abingdon Health after the corrupt deadwood press pump when’s the placing dump?

I should have mentioned this in bearcast yesterday, the maths is clear and unchallengeable. Abingdon Health (ABDX), a company I warned you about at IPO as it was insolvent and the valuation absurd, is pumping its stock via the yellow journalists on the Daily Mail and the Telegraph ahead of a bailout placing. You know the score: mug punters overpay in the secondary market ahead of a placing at a vast discount to fund managers.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Deepverge Placees now 25% down in three months – AIM Regulation MUST act on pre bailout deception & rule breach

It has been three months and ten days since places in a £10 million offering at 30p from AIM listed Deepverge (DVRG) got their stock. At mid they are now 25% down with the shares at 22.5p.  Folks who took part in the placing were misled by the company as to its trading position as it breached AIM Rule 11.  I have again written to AIM Regulation demanding that formal action be taken. That letter is below. Meanwhile should punters hang on?

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Rutherford Health (formerly Neil Woodford favourite Proton Partners) – Placing cash delayed again. Uh-oh…

I commented on Tuesday that Acquis-listed Rutherford Health (RUTH) seems to be having a bit of a problem collecting the placing proceeds originally announced at the end of August. The original payment day – September 13th – came and went, with an after-hours announcement that the deadline had been extended to September 23rd – yesterday. There was no announcement yesterday, but at 11.57am – ie lunchtime – today the company announced the grisly news:

Subscribe to ShareProphets to access Premium Content

Panther Metals – Placing and Drilling

As with most junior miners, this one told us little of note in its interims today. But yesterday, Standard-Listed Panther Metals (PALM) announced the commencement of drilling at its Dotted Lake property in Ontario, Canada. The campaign with the drill-bit is to be short, with just a single hole planned, but the plan is for a 400m hole to be drilled directly below a historical trench previously excavated in 2010 which threw up some promising samples. Of course, at this stage it is a jam-tomorrow prospect but the drill bit might just prove it is a little more than that and we should find out fairly soon.

ARB
ARB

Argo Blockchain US fundraise is at just 109p - no wonder ELEVEN brokers managed to get it away

Yes, you read that correctly, the US ADR placing of Argo Blockchain (ARB) involved ELEVEN different brokers. Jefferies, Barclays, Canaccord Genuity, Stifel, GMP, Compass Point, D.A. Davidson & Co, Ladenburg Thalmann, Roth Capital Partners, finnCap and Tennyson Securities are the team batting for Argo and will no doubt boast that they raised £82.4 million having targeted just £75 million. But…

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Placing alerts on Union Jack & Wildcat Petroleum

I have an update on the Union Jack (UJO) placing which I forced it to ‘fess up to last Friday and I can now reveal that worthless ramp Wildcat Petroleum (WCAT) is now seeking fresh equity at almost any price. At 1p, a £21 million market cap is about £21 million too high in my book. I also discuss Jubilee Metals (JLP) and Mark Slater and that links nicely to an IPO I am dodging and I explain why I am passing on what appeared a likeable and competent team. Finally, a detailed look at perennial dog Mirriad (MIRI) whose shares are – despite slipping 10% today – still a stonking sell.

Subscribe to ShareProphets to access Premium Content
EUA
EUA
PREMIUM CONTENT

Letter to the FCA – 2 possible counts of market abuse or worse concerning Eurasia Mining

The 26p per share £11 million placing on Monday by Eurasia Mining (EUA) may open up not one but two cans of worms and I have written to my chums at the FCA asking for an investigation on two counts. The letter is below:

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Rutherford Health (formerly Neil Woodford Favourite Proton Partners) – Is Reality About to Bite?

This website has made no secret of its cynical take on the valuation of one of Neil Woodford’s most controversial investments into Acquis lobster-pot listed Rutherford Health (RUTH), formerly Proton Parters. There was a tiny investment made at its IPO allowing Woodford to mark up his original investment heavily, but since Woodford held all the cards apart from Rutherford’s management, there was nobody to sell and thus the apparent price was, we argued, totally illusory. We predicted problems when the cash ran out……

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Haydale – Ouzo on Cornflakes as Placing at just 6p announced

In my last piece on AIM-listed Haydale (HAYD) at the beginning of this month I discussed a ramparoonie RNS revealing an undeclared related party and a tin-pot organisation casting a very different light on matters as presented by the company. What was the point? Of course – it was a pre-placing ramp and this morning it was time for Ouzo on cornflakes as Haydale revealed a fundraise at just 6p per share. That, against a peak last week of 7.55p.

Subscribe to ShareProphets to access Premium Content
EUA
EUA
PREMIUM CONTENT

SHOCKER: Eurasia Mining high trading volume into classic pump looks convenient for forward selling of today's placing!

The recent share price movement on Eurasia Mining (EUA) looks even more dodgy now in light of today’s announcement of a placing, and I would be surprised if there hasn’t been some forward selling going on.

Subscribe to ShareProphets to access Premium Content
JLP
JLP
PREMIUM CONTENT

While Bears shit in the woods and the Pope practices Catholicism, Colin Bird companies are always placing – its Jubilee Metals this time. Two questions.

Jubilee Metals (JLP) has been stressing how profitable it will be this year and how next year it will be so profitable that it could pay a dividend. Obviously with Colin Bird as chairman talk of profitability and dividends can only mean one thing. Yes….its another placing! Knock me down with a feather. But this one begs two big sets of questions:

Subscribe to ShareProphets to access Premium Content
AYM
AYM
PREMIUM CONTENT

Anglesey Mining – Following FY21 Results, Today We Get….er…..FY21 Results!

On 3 September AIM-listed Angelsey Mining (AYM) released predictably horrid full year results to March 2021. This morning it has graced the market with an RNS entitled Financial Results and way Forward. Confused? I was……until I realised this morning’s missive didn’t include the full results!

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Tern – More Cash Rolled Into Jam-Tomorrow Portfolio

AIM-listed jam-tomorrow investment company Tern plc (TERN) has announced a portfolio update…..and that it has piled another £630,000 into its portfolio. But that seems to be about the only number offered.

Subscribe to ShareProphets to access Premium Content
ARB
ARB
PREMIUM CONTENT

Argo Blockchain spouts green shite but still will not answer fundamental questions so here is another!

Another day and another announcement from Argo Blockchain (ARB) the company that is spending $17.5 million buying some Texas scrub land worth $168,000. It is more green hype which might impress some of the ESG loving millennial fund managers who Chris Bailey is keen on, but cash guzzling Argo refuses to address the herds of elephants in the room.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Vast Resources should sue Tom Winnifrith for defamation says a Fleet Street legend

So says Fleet Street legend Brian Basham. Given that Brian has accused Vast’s (VAST) board of malfeasance and repeatedly called on the useless regulators to act against the company I doubt he has its best interest at heart. This is one case I would love to fight so bring it on Vast: see you Bitchez in Court! So what is Brian’s point?

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Vast Resources: Guess what? It’s another discount placing but what about those dividends you lying bastards?

Back in April Vast Resources (VAST) managed to persuade shareholdcers to approve a 100-1 share consolidation by telling them a stack of blatant lies, lies which have been shown up with news today of yet another discounted placing.

Subscribe to ShareProphets to access Premium Content
ARB
ARB
PREMIUM CONTENT

Video: Argo CEO/Chairman Peter Wall fails to deal with Boatman report - 3 out of 10 for artistic interpretation, nil for technical merit

The proper way to respond to the Boatman dossier was via RNS but that needs regulatory sign off so the fellow who dumped millions of dollars worth of shares at 243p just a couple of weeks before Argo Blockchain (ARB) did a major placing at 200p recorded a video which you can see below. He covers the “report” but does not name it just in case folks actually are encouraged to go read it. It is a poor rebuttal.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Esken (former Stobart Group) – update on Ryanair Departure

As I had hoped, fully listed Esken (ESKN) has updated the market this morning on Friday’s Red Flags at Night announcement that Ryanair is departing from London Southend Airport. Good news…..well, up to a point.

Subscribe to ShareProphets to access Premium Content
ADV
ADV
PREMIUM CONTENT

The Advance Energy appraisal drill at Buffalo looks interesting - speculative buy

The name Andalas Energy will be enough to send a shiver down the spine of investors who had high hopes for the company, before getting shafted, but the new company that is has evolved into, Advance Energy (ADV), looks very different.

Subscribe to ShareProphets to access Premium Content
MIN
MIN

Minoan – Placing, Interims.....and Progress? Maybe!

AIM-listed Cretan holiday resort developer Minoan (MIN) released interims numbers to 30 April yesterday morning. Today we have a placing raising £350,000 in cash (before expenses) and a further £99,600 in lieu of certain liabilities. The matters of interest, of course, are not the numbers but progress with regard to monetising its assets at Cavo Sidero. Has there been any movement?

Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Complete Coverage

Recent Comments