BTW, there is now a "guild" board over here:
If you sign up you will find a virtual echo chamber where everyone agrees that SALT is a great buy, everyone slaps each other on the back telling them how amazingly clever they are, and a discussion of what fast car they're going to buy with their SALT profits.
I wouldn't encourage it as you will learn nothing other than the meaning of Confirmation Bias:
You will learn much much more if you
(a) try and articulate the bull case for SALT in words and numbers, and
(b) read those words and numbers and realise how dreadful the bull case is!
A simple analysis of gross margins is enough for most sensible investors to run a mile from SALT.
JakNife |
 kiplig,
I've answered these questions before. What do you hope to gain by asking them yet again other than alerting me to the fact that you don’t listen/read/remember? Here, see our discussion from May last year
where I gave honest thought through forecasts, which, with hindsight, can be seen to have been reasonably accurate, as I then noted in post 241:
So what exactly is your problem? I gave good forecasts that proved accurate in time!
”What is your motive here Jak? Microsalt manufactures a low sodium alternative to salt and Innovative eyewear manufactures sunglasses. The success or failure ir either of these businesses is independent of one another.”
The point that you’re (deliberately?) ignoring is that both were floated by TEK Capital. As I pointed out to you in October in post 260:
”My motivation is that I think TEK Capital is one of the most corrupt companies that I've seen on AIM for a long time. It repeatedly floats off companies at excessive prices and only manages to do so because it raises investor expectations to unreasonably high levels to encourage them to buy the shares. The only reason that you have these unreasonably high expectations for Microsalt is because TEK Capital gave them to you! Personally I think that TEK's actions should be criminal.”
You can see with hindsight the monumental destruction of shareholder value at BELL and LUCY (Innovative Eyewear). I forecast exactly the same will happen at SALT and GNIP. I’m sorry that you don’t like that forecast but I’m happy to come back to this and discuss it in further detail when there are some results. But (as I pointed out in post 184), the art of investing is to forecast what the results will look like in advance and to work out the market’s response to those results in advance. I forecast that SALT’s full-year numbers will look dreadful and, in consequence, the share price will fall. Have you even tried to make a forecast? Why not?
Can you see how SALT’s interims came out in September and were dreadful? As I forecast? And the share price cratered to as low as 34p? Since then the ramp machine has worked overtime and many deluded shareholders, such as yourself, have convinced themselves that there’s a great business here and hence we’re back up to nearly where we were in May last year! Such is the whim of the markets!
”I get that you’re short - that’s what you do. I’d encourage every reader to peruse your posting history where all of your posts trash talk companies.”
I’ve told you so many times that I’m not short that I’ve lost count. If I was short I would have no issue with telling you that I’m short. And yes I have tried to short SALT but it’s simply not possible – there is no borrow available! If you look at the free float you’ll see that it’s only 21%, that’s probably why it’s impossible to short.
As to ”...posting history where all of your posts trash talk companies.”
Yes, I have posted negatively on Cineworld, 4D Pharma, Advanced Oncotherapy, Bens Creek, Independent Oil & Gas, Horizonte Minerals, Harland & Wolff, Canadian Overseas Petroleum, Supply @ Me Capital, Regtech Open, Argo Blockchain, Petrofac, Petra Diamonds, Revolution Beauty, etc, etc, etc
Do you have an issue with that? Because every single one of these companies has proved to be a disastrous investment and its share price has subsequently crashed (AFTER I posted negatively!). Would you like me to have posted positively? Do you think that me simply posting nice words would have saved the likes of Cineworld from complete wipeout? Surely you’re not that naïve?
Grow up! Find me a company where I’ve posted negatively and the share price has gone up. Then we can have a debate!
”If you’re not short here, why not go away and try to influence companies that you are short in, and leave the believers to have a fair opportunity to see how their investment plays out?
I am almost lost for words. Almost!
It’s as if you seem to think that me posting “hurty words” is actually going to have some effect on the outcome here! The reason for the existence of these boards is debate. If you can’t put forward a few positive words of defence against my criticisms then perhaps your argument isn’t as strong as you think?
As a reminder, this is what I had forecast for the finals:
* trivial revenue
* miniscule gross profits
* enormous admin costs
* significant net losses
* material cash burn
* a gaping hole in the balance sheet with a need for cash to fund it
The recent fund raise confirms the accuracy of the last point.
BTW, I will be back sometime next week to ask the question “Where is the TR1 from the subscription?”
JakNife |
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