Last week Nyota Minerals (NYO) was “pleased to announce” a placing to raise up to approximately £93,880 (approximately Australian$120,000) at 0.02p per share. Despite this thus looking very much a ‘keep the lights on’ raise, the shares have currently reached 0.07p. Hmmm…
Nyota Resources (NYO) has published a quarterly statement showing that it is completely bust but in this crazy world someone is considering giving it an unsecured loan. This is all bonkers.
Nyota Minerals (NYO) shares have been pushed ahead in recent days and weeks by the usual insane ramping that typifies the bottom end of the AIM Casino. Today came reality - final results which showed how the former management led by Richard "piggy" Chase had spunked all the cash. Those mugs who paid up to 0.07p in recent days must be feeling rather sore with the shares at 0.045 to sell... and still falling.
Once again the folly of allowing Roland "Fatty" Cornish to act as a Nomad for AIM casino stocks is well and truly exposed. Once again mug punters are seen to have taken it up the jacksie because of the incompetence of Fatty who is, as I write, enjoying a full English breakfast with an extra two big fat juicy pork sausages just like they used to serve at his old boarding school. Today's case study is Nyota Minerals (NYO).
The new board at Nyota Minerals (NYO) has published a corporate update which is dire as far as it goes but the most important fact, the one that really matters, is missing. That is to say, Nyota does not say just how little cash is left. Was this an accidental oversight by dozy Nomad Roland "Fatty" Cornish or was Nyota just afraid that the truth would prompt another sell off of the shares? Its too late to find out for today as it is just past eleven to Fatty is right now waddling off to start his four course luncheon.
I warned you time and time and time again not to buy shares in Nyota Minerals (NYO) just because Richard "Piggy" Chase and his fellow boardroom porkers had been given the order of the boot. But of course some Bulletin Board Morons knew better than "a failed pizza boy" and paid up to 0.17p. The shares are now just 0.05p to sell and I have more bad news.
Finally Nyota Minerals (NYO) has agreed to an EGM to vote on bringing on new directors ( who are credible) and ousting the old board who have been grossly overpaid and have trashed this company. The old board has wriggled for two months in order to extract yet more in fees and will leave the bank account empty when voted out, as they surely will be. We already know that the owners of 40% plus of the equity want the greedy useless bastards out. But still the bastards wriggle.
Noyota Minerals (NYO) says that it expects by the end of this week to have paperwork in place to call an EGM in 28 days time to change the board. Of course it does not need to go through an EGM the board could just do the decent thing and quit and fuck off as it is clear that no shareholders have any faith in the current team who have been overpaid abject failures.
Finally, yesterday afternoon, the swine that has earned almost £600,000 running Nyota Minerals (NYO) into the ground - Mr Richard Chase - fessed up that he had received another EGM request asking for his head on a plate. We told you about this some days ago but sod AIM Rules abut timely disclosure, Chase fessed up only at the last minute. Will the mother listen to the owners of the company, long suffering shareholders?
The disgusting POS that is Richard Chase of Nyota Minerals (NYO) is not telling you something. Naughty boy. Mr Chase is now breaking AIM Rules as well as trousering £10,000 a month for running the company into the ground as well as ignoring all his shareholders requests..
Richard Chase is a greedy useless pig who has earned almost £600,000 in four years trainwrecking AIM listed Noyota Minerals (NYO) yet who refuses to quit even though his shareholders patently want him out. But guess what? The motherfucker reckons that he is the victim and thart he is suffering "online abuse and bullying" and that I am the bad guy. WTF. Please can you all email this man and tell him to quit now as explained HERE. Mr Chase responds to a punter stating..
