The journalist smearing, morally bankrupt, PR shitheads at Yellow Jersey have cobbled together a release Orwellian in its deceit on behalf of Hamak Strategy (HAMA). The headline reads: "U$4.5 million (£3.4 million) divestment of Nimba Gold Project.” Bollocks.
Hamak Strategy (HAMA) has today announced a pig and pork deal. Given that it is running on vapours this is presumably a prelude to a discounted placing. Let me explain the shenanigans at this company chaired by Bernie Madoff fan-girl in chief Nicola Horlick.
You need to do the maths to see how today’s news of a rejuggling of a loan made by Yanky death spiral provider Yorkville to gold and shitcoin in treasury company Hamak Strategy (HAMA) is all smoke and mirrors. Chairman and Bernie Madoff super-fan Nicola Horlick will not admit it but Hamak is in the financial merde.
Hamak Strategy (HAMA), the bitcoin in treasury cum gold bullion in treasury cum investing in other failing bitcoin in treasury companies cum gold exploration shitco chaired by Bernie Madoff cheerleader and self styled superwoman Nicola Horlick has announced more gold drilling results. But that is not the elephant in the room. That is cash. Or rather the lack of it.
With an aggressive ATM death spiral in place Hamak Strategy (HAMA) is a stock for financial masochists only. Its shares are now 0.725p which means the market cap is down to £3.34 million. Since more than £260,000 of shares must be dumped each month under the ATM death spiral by broker AlbR that is a vicious rolling maul against the share price.
Perhaps the self styed “superwoman” Nicola Horlick has been distracted by the car crash she is presiding over at Hamak Strategy (HAMA) about which I have warned so often. While investors are 88% down from peak Superwoman-mania there, elsewhere things look even worse.
When your broker needs to sell new shares equating to 5.5% of your market cap EVERY MONTH for ten months to pay back a loan from death spiral provider Yorkville but can only do so on days when the shares are up, you need to create volume and Bulletin Board Moron investor interest with a constant stream of turd polished RNSs. Hamak Strategy (HAMA) Chairwoman Nichola Horlick farts. RNS it, polishing it as how “Superwoman” is creating interest. Today the company has announced new hires which will only add to the cash guzzle and diminish the, already paltry, TNAV.
Oh dear, oh dear. Maybe it was my hurty words about Bernie Madoff cheerleader Nichola Horlick that did it. Or maybe it is just that the Nimba asset in Liberia is a piss poor one but a farm out deal with ASX listed penny dreadful First AU Ltd has collapsed now putting real pressure on the balance sheet of Hamak Strategy (HAMA) just as an ATM death spiral kicks into action.
Hamak Strategy (HAMA) now run by Bernie Madoff cheerleader Nicola Horlick following the abrupt resignation of the previous chairman, has announced spoof purchases of gold bullion and bitcoin.
Readers of this website will be all too aware of the antics of disgraced Adam Wilson at Daniel Stewart, and with his buddy Peter Shea at Ben’s Creek (BEN), now in administration. After the Ben’s scam, Wilson is a City pariah with only total scumbags even considering dealing with him. And that, according to a top source, brings me to Hamak Strategy (HAMA).
I cannot see why Hamak Strategy (HAMA) is not being forced to publish an RTO prospectus. If the FCA does follow its own rules surely that must happen which will throw the whole funding strategy of this overvalued, fiat strapped, POS into disarray. I have tried kick the regulator into action with a letter.
I have to admit to a dirty pleasure. Last night I spent half an hour on the internet and you may think my viewing sordid but it was a real thrill. You’ve guessed…
I shall be writing to the FCA shortly but today’s announcement from Hamak Strategy (HAMA) beggars belief. Quite clearly its proposed #35m double death spiral funding will trigger a change of business, an RTO, and thus it needs to get a prospectus approved by the FCA to go ahead. I have offered the company’s advisors a chance to comment but they appear to have declined. Let me explain the problem.
