UK 05:22 Saturday, 17 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.
By its own admission, not only is Georgina Energy (GEX) technically insolvent but it has little or no cash left to pay the bills. As at May 31 cash was down to £430,000 a cash spunk of £200,000 pcm since the January 31 year end. Ceteris paribus two and a half months later cash would be minus £70,000. In other words Georgina has only not gigged with the Fat lady by not paying its bills. Laughably this is another company that blames its woes on me and has said it will report me to the FCA!
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