Neil Woodford Dog RM2 to be fork-lifted off the AIM Casino at last

There is no doubt in my mind that disgraced Neil Woodford’s revolutionary pallet company RM2 (RM2) should never have got anywhere near the AIM Casino and through keep-the-lights-on refinancings (largely paid for by Neil Woodford with other peoples’ money) it should have been removed a long time ago. But Neil needed the listing as he tried (and failed) to keep within his 10% proportion of investments  unlisted limit so despite protestations from within, the AIM listing continued. Well, this morning it is all over bar the shouting.

#RM2 International – Woodford dog announces AIM cancellation. Woof, woof

EXCLUSIVE: Disgraced Neil Woodford vetoed delisting of RM2, source

A source has come forward to Deputy Sheriff Towers in relation to the Woodford catastrophe that is AIM-listed (for now) RM2 (RM2), the maker of disruptive non wooden pallets. Firstly, I am told that RM2 was forced to list when everyone at the company knew it really was not ready: the product (those revolutionary trackable pallets) was still in development and the company was still guzzling cash. But roll forwards to 2016/17 when it had run out of cash and needed yet more funding, and a proposal was put to delist and take the company private – which was vetoed by Neil Woodford.

Woodford Dog RM2 – catastrophe as Neil is snookered

After bailing out the ridiculous AIM-listed RM2 (RM2) over and over again with other people’s money before his own supply ran dry, Neil Woodford finds himself completely snookered this morning as RM2 has announced a bailout fundraising without Woodford and he faces the choice now of being diluted to oblivion or watching it go bust. Of course, readers of this fine website have been warned and warned and warned. But Neil always knew best.

#RM2 massively discounted placing with new investor, #NeilWoodford diluted to hell and trapped

67% owned #NeilWoodford Dog #RM2 shares suspended as cannot get accounts signed off due to funding crisis

SCANDALOUS: 67% Neil Woodford owned dog RM2: I demanded a statement, it’s here and its grim

On Monday I demanded that RM2 (RM2) make a statement to cklarify its (grim) financial position. Today it has obliged and this maker of “disruptive” pallets where Woodford Investment Management funds have a 67% stake looks to be utterly fecked.

Today's 67% owned #NeilWoodford disaster #RM2 warns has not secured debt funding so wont get accounts out on time shares susp 1 July

Neil Woodford dog RM2 shares collapsing – statement needed ASAP

A week ago shares in “disruptive pallets” Neil Woodford dog RM2 (RM2) were 38p. Today they are off by almost 20% at 28.5p and surely a statement is needed. It cannot be good news. And this is why.

Woodford Dog RM2: is silence golden or a sign of doom?

Last year, as AIM-listed pallet revolutionising Woodford Dog RM2 (RM2) ran out of cash yet again (before good old Uncle Neil, armed with other people’s money rode to the temporary rescue, yet again) the company issued regular updates on its financial position. No doubt Neil was pleased, as the company eked out a few more weeks from the remaining cash. The last we heard from RM2 on its cash position was back on 23 November 2018 when we were told that following yet another placing (backed by Neil, with other people’s money) it had enough cash to last until April. We’ve heard nothing since….

Woodford Dog RM2 – wins VAT reprieve but no cash impact (so why bother with an RNS?)

AIM-listed and permanently on the edge of insolvency RM2 (RM2) has announced some good news. Well, sort of: the executioner is still booked, but at least the taxman is off its back.

#RM2 International – Woodford dog “pleased to report… positive reconsideration of a VAT claim”, but “no cash impact”

RM2 – All hail Cynical Bear as Woodford bails it out yet again (until April)

On Friday afternoon, as the city returned from lunch ready to wrap up for the weekend, AIM-listed RM2 (RM2) announced a share capital restructuring, placing and notice of EGM. Roll back the clock to 14 September when, in the wake of yet another set of dire results, Cynical Bear told us  it’s time to place your bets as to whether Mr Woodford is going to throw another $17 million in to the pot. Suffice to say he is now Cynical Mystic Meg…..

RM2 – Wins "Significant" Contract er... whatever it is still 5 minutes from bankruptcy

Shares in Neil Woodford uber dog RM2 (RM2) are up by 59% at 0.875p. That means that the market cap has jumped by £14.4 million to £38.8 million on the back of a contract win termed “significant” but which clearly is not and does not change the fact that this company is five minutes away from midnight, that is to say bankruptcy. It’s got to be placing ahoy.

#RM2 – expected “in excess of” $1.5m annually contract, though will still be cash crunch ahoy

RM2 International: Interims as bad as expected, I reckon Woodford is tempted…

Following the poor trading update last week from RM2 International (RM2) that I covered HERE, its interims were issued this morning and are largely as expected but still worth a quick look and it’s time to place your bets as to whether Mr Woodford is going to throw another $17 million in to the pot.

#RM2 – H1 loss $17.3m on revenue down to $2.6m. More cash please, Mr Woodford!

RM2 International: A dreadful trading update – what a shock!

Woodford’s month from hell has got off to a strong start with an immediate dog’s dinner of a revenue/profit warning from uber-dog RM2 International (RM2) this morning. Let’s take a closer look and count up all the negatives.

#RM2 another lack of profits warning, another Woodford dog barks again

#RM2 International – launch of up to £4.3m open offer at 1p per share