Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Not hungover and after my first full night's sleep since Saturday I am back with my normal balanced and tolerant view of the AIM casino. Where do I start? Horse Hill, the POS ValiRx, Foxtons, Premaitha, Plethora, Telecom Plus (expect real fireworks on that one from Kevin Ashton on Saturday), Northern Petroleum and China Norfolk Jiasen.
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Comments
JustCurious
Tom
In case you missed it, I have commented on the recent Blinkx article. Blinkx deserves some of your attention today, it has just announced another acquisition (for some reason this was omitted from the list of company announcements on ShareProphets).
DUCK AND DIVE
Did people trust Lenigas before Horse Hill? I thought he had always been a showman/ramper. He’s the Pied Piper of AIM with a large clique of rats following him around only because they know it will be just a matter of time before they get a chance to pump and dump. So it was with UKOG.
For a long time there have been a number of fund managers who refused on principle to go anywhere close to one of his companies. And surely it can be no coincidence that LGO finally got hold of a big chunk of change from BNP Paribas only after big Dave had left the Board.
If AIM is to regain any credibility as a platform for investment rather than day trading, then the purveyors of hyperbollox – including the loveable, cuddly rogues – need to be jettisoned.
JustCurious
I feel compelled to add that the Blinkx acquisition does look good. I just checked out the AllMovie website and, although it may be because I’m a film buff, I was impressed by the site and I can even see myself using it. The AllMusic website looks equally good (just a little less me).
I don’t know what it’s going to mean for the financials but I am a significantly more satisfied shareholder than I was 48 hours ago!