UK 18:19 Friday, 23 October 2026
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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.
Every single Bulletin Board and twitter ramper seems to have a field day with AIM listed Glenwick (GWIK) over the past few weeks - it is the rampttastic cash shell of the moment. This stinks in oh so many ways and why can't these folks do basic maths?
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Comments
Gary Newman
The thing that always makes me suspicious with these shells/investment companies is that there are lots of them out there, yet mysteriously everyone suddenly seems to be interested in the same one at the same time – not just talking specifically to GWIK (not one I’ve really looked at or have any interest in looking at in more detail to be honest!), as in the past it has been the likes of LDP.
Maybe i have become cynical these days, but just seems somewhat strange that you suddenly get Twitter and the bulletin boards filled with mentions about some tiny company that few had ever even heard of before that point!
If i was going to invest in this type of company I’d at least be looking for ones that are trading at a discount to cash, or at worst at cash, not at a premium to it!
I also struggle to see how they will make any asset that they get work as well – even if they do pick up a cheap oil or gas asset for instance, it is a big gamble on the prices of those commodities recovering significantly and in a very short space of time, as often these shells have very limited funding, even prior to any acquisition.
Although I’m sure that some will make a lot of money from them in the shorter term, as they did with the likes of Concha, it just won’t be the naive PIs who buy into them once the share price really starts to move!
Bob the brush
Tbh I struggle to have any sympathy for the PIs who invest in shite like this. when real companies rip PIs off with false enws or false accounting etc. it really pisses me off. when a ‘company’ like this appears and effectively says to PIs ‘do you want to buy this £5 note for £20 and then try and sell it on to an even bigger idiot for £50’ it is only the greedy and daft that say yes. these people aren’t investors they are gamblers pure and simple. but they aren’t clever gamblers as the vast majority will lose out this rigged game of musical chairs. this is just a mechanism for removing money from greedy idiots and giving it to greedy clever people in the city. an incestuous warren of companies like Onzima who use their position to make money unethically. it all stinks but tbh, the only people losing out are entirely doing it to themselves.
I cant bring myself to care. you only have to read the BB to see that every single poster is the turkey voting for Christmas. they are all ramping it, its a game of gamblers musical chairs and tbh, they are welcome to it.
The problem for me is real companies being ramped, that can lure real investors in and lose them everything. this cash shell thing is just a way of ensuring those people too stupid and irresponsible to own money no longer do so.
wildrides
“This stinks in oh so many ways and why can’t these folks do basic maths?” – See more at: http://www.shareprophets.com/views/18023/glenwick-ramptastic-bollocks-that-stinks#sthash.JdTDL9Ul.dpuf
Same reason you cant I quess Whining Hypo Frothy.
Teathers.