GOTCHA: Blue Star Capital: not just the P&L but the balance sheet was, as predicted, fiction, shares collapse again
Much hyped sub-scale investment company Blue Star Capital (BLU) was a company I warned about in the most explicit terms about two years ago when the shares were 0.403p, a market cap of £20.2 million. After shocking, or not so shocking, news today this Jonathan Bixby/Mike Edwards created spoof sees its shares at 0.0375p a market cap of just under £2 million. So that is a 90% drop in two years. Ouch. Of course, the gerbils knew better than old TW@! They always do.
