Audioboom (#BOOM) – $4m secured loan facility arrangement with SPV of its Chairman and largest shareholder (Candy Ventures)

Audioboom – emphasises “revenue growth” & “EBITDA improvement”. Er… what about cash flow & the balance sheet?

“Audioboom (AIM: BOOM), the leading global podcast company, is pleased to provide an unaudited trading update for the 12 months ended 31 December 2019” – with it emphasising “91% revenue growth and significant year-on-year EBITDA improvement”. The shares have though currently responded to 237.5p – a few percent lower...

Audioboom (#BOOM) – emphasises 91% revenue growth in 2019, but even adj. EBITDA loss still $3m, cash $2m!

Audioboom chairman Michael Tobin talks complete & utter bollocks

I have long criticised the cash guzzling daft business that is Audioboom (BOOM) and its senior management, notably the former CEO free speech denying knobhead Rob Proctor. Now it is the chairman Michael Tobin who today talks patent bollocks. Do these folks not realise how ridiculous they look?

Audioboom (#BOOM) – appoints current interim CEO Stuart Last as CEO. Good luck chap!

Audioboom (#BOOM) boasts of record Q3 sales but spunks another million dollars, cash is running out

Feck off Rob Proctor – Mr Audioboom walks the plank: did he jump or was he pushed?

Saying that he wished to pursue more entrepreneurial opportunities,  the founder and CEO of Audioboom (BOOM), free speech denying Rob Proctor has quit the company with immediate effect. Feck off Rob, the only question is whether other family members on the payroll (employed on merit natch) will be going too. And what, or who, prompted the departure of Proctor pere?

Audioboom (#BOOM) – CEO Rob Proctor “has stepped down… with immediate effect”, company argues it “continues to perform well”. Hmmmm

Audioboom – the scale of the pre placing cash fudge is revealed by shocking interims

I have noted on this website several times how Audioboom (BOOM) has real form in giving a misleading indication of its cash  position and cashburn ahead of a bailout placing. I warned you that it was up to its old tricks again in the final months of 2018 and early 2019 ahead of two placings which came along as predicted. Now the scale of that naughtiness is revealed with dismal interims out today. Here is your timeline.

Audioboom (#BOOM) – H1 even adj. Op loss $1.4m on revenue up to $9.8m, cash $3.4m

Audioboom (#BOOM) – two new recording studios in New York office, argues “important step in expanding our Audioboom Originals Network”. Hmmm.

Audioboom (#BOOM) – “content funding guarantee arrangement”, argued needed to secure certain podcasts

Audioboom (#BOOM) – FY cash burn $7m+, cash $1.6m, receivables up to $4.2m, liabilities $4.3m. Since raised c. £4m – can see why it’s needed!

Audioboom – placing flops and it still dissembles: Gotcha!

Last Thursday evening I revealed in a bit of a scoop that Audioboom (BOOM) was trying to raise £8 million at 2.5p. The next morning the company was forced into a statement and said it was trying to raise £5 million at 2.5p. That was not really true - I published the deck the wretched company had sent to potential investors showing it was trying to raise £8 million. Today it fessed up that it has raised just £2.8 million with £1.2 million of that coming from the board and the Candy Brothers chucking good money after bad. What a shower…

It tried to raise £8m, then said it was raising £5m but Audioboom (#BOOM) manages just £2.8m at 2.5p - DISASTER

Audioboom struggling with placing, forced to scale back, dissembles in face of our scoop

Yesterday I revealed that Audioboom (BOOM) was running around trying to raise £8 million at 2.5p HERE. The Company has responded with an RNS "Statement re Online Commentary on proposed fundraising." Oh come on CEO Rob Proctor you free speech denying knobhead, surely you can brinmg yourself to recognise which fine website scooped you and forced the statement. The statement natch dissembles as I shall demonstrate below.

Audioboom (#BOOM) forced to confirm @ShareProphets scoop on placing but it is dissembling

BREAKING EXCLUSIVE: Project Coffee - Audioboom set to place again at 2.5p

The codename for the latest bailout funding of Audioboom (BOOM) is Project Coffee. The presentation, which I have seen, gushes about growth opportunities but that is always the way with this serial deliverer of jam tomorrow. There is no mentioning of burgeoning trade payables. That is always the way with Audioboom and its bailout placings. Anyhow, the company is, according to its jargin filled document "now seeking to raise a ‘growth’ capital round of c£8m at c2.5p per share."  With the stock at 2.3-25p that might be a bit of an ask. Time for an official comment on this ShareProphets scoop methinks...

Audioboom (#BOOM) Q1 sales (vanity) soar but cashburn (reality) goes through the roof

Audioboom (#BOOM) – £1.5m placing at 1.3p, a 22% discount