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Tom Winnifrith Bearcast: Cash shells & ramping - a recipe to lose you money

By Tom Winnifrith, The Sheriff of AIM

17 January 2016 06:32

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This seems to be the ramparoonie de jour - cash shells and investment companies. Valuations can be crazy but if you get suckered in by the rampers you will lose money. I explain when I would invest in a cash shell and when you should not. I discuss what valuations should be and flag up some well known rampers. Mentioned en passant are: Glenwick (GWIK), CEB Resources (JUNK) - now known as Andalas -, FastForward (FFWD) and Adam Reynolds.

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Comments

Daz

17 January 2016, 07:52

So is coin you numpty but you bought that. Lol….
Lord Lucan

17 January 2016, 13:47

Its two consecutive quarters of negative growth makes for a recession (i think), and its a bear market when the indices fall 25% or there abouts. I’m sure Tom knows that but he muddled the two at the start of the bearcast. So far its a “correction” we’re seeing. US traders don’t want to be in the market over a long weekend.
Bearfacts

18 January 2016, 05:14

Good piece Tom;
Their seems to be a rise in BBM darlings or PI star rampers, you have the oldies like Lenigas and Chris Oil and Robert Terry.
And they now seem to be trying to do media promotion sites to draw in PI’s like Wayne Gibson aka ‘biggib’ has Momentous events (they in fact have an event soon called Bull Night should be called bullshit night) and ABM (he has vague knowledge of copywrite rules doesn’t he!) the list goes on and on.
Re cashshells I think Biggib has promoted the fact via Justin’s site he has 6 cashshells out of 10 investments inc ceb/bnr/silver falcon and of course Gwik, I know I visit the dark side sometimes to hear the screams but like you I think the FCA will come more involved at some point.
I think the Shareprophets.com site is really the only site PI’s should always visit and take the knowledge given as a balance to all the buys buys out their.
All the best…

Ps…would love to hear you on Justin’s podcast giving your bearish thoughts would be a cracker, the governor v the clown.