Webis: Jim Mellon takes it private, in reality shareholders’ equity already worthless

A couple of days ago Webis (WEB) announced that it was taking a new, fourth loan, from Galloway, an entity wholly owned by my pal Jim Mellon. When fully drawn, Webis, which is loss making, will owe Galloway almost $3 million. Today Webis says it is to delist and leave AIM.

Webis (#WEB) – proposed AIM cancellation, to “reduce costs and protect shareholder value”

Webis (#WEB) – “improvement in B2C did not happen, exacerbated by unprecedented race meeting cancellations throughout the US due to weather disruption”

Webis (#WEB) – further £1.15m of convertible loan notes funding from its major shareholder

Webis gets pumped regularly - don't get sucked in on a spike

Webis Holdings (WEB) seems to be one of a number of AIM companies which you hear very little about for months, then all of a sudden a pump and dump sends the share price soaring briefly, before the share returns to obscurity again.

Webis Holdings – turned out to be an excellent punt with up to 200% return

Just over a year ago I thought it might be worth taking a punt on Webis Holdings (WEB) as a special situation play. Well, sometimes, it is better to be lucky to be right as although my reasoning wasn’t exactly spot on, one could have cashed in this morning for about a 200% gain.

Webis Holdings - worth a gamble at the bookies

With Cheltenham Festival around the corner, I thought I’d throw caution to the wind this weekend, cast my cynical nature to one side, and come up with a couple of cheeky punts that I think may pay off. What could be more fitting for my first than the gambling business, Webis Holdings (WEB).

Will Webis ever actually make a profit?

There is a saying that ‘revenue is vanity, profit is sanity’, and I have to wonder if there is a better example of this than tiny AIM listed betting company Webis (WEB)!

Zak Mir's Bulletin Board Heroes: Anglo Asian Mining, Greatland Gold, Kenmare Resources, Noricum Gold, Tungsten Corporation, Webis

Featuring shares in Anglo Asian Mining (AAZ), Greatland Gold (GGP), Kenmare Resources (KMR), Noricum Gold (NMG), Tungsten Corporation (TUNG) and Webis (WEB) with share orice targets for all six stocks.

Grab profit on Webis before its shares crash

Webis (WEB) has seen a huge rise in its share price since the end of 2015 and if I was holding I’d be unloading as fast as I could at the current price!

Webis (#WEB) - head honcho walks plank with immediate effect - not good

Webis – worth a wager?

Ever heard of Webis (WEB)? This interesting creature showed USD $276 million of turnover in 2014, a small profit of $500k, and had net current asset value of $3.8 million. How should such a company be valued? The current offer at 1p (beware the spread) values it at around $6 million. Strip away the net current assets and you seem to be buying a mammoth pile of revenues for an exceptionally small price at this level! However, all is not quite as it seems.