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NAKD Stock: Let Naked Brands Be a Lesson to You


Castor Maritime (NASDAQ:
CTRM), which used the gullibility of small investors to buy cargo ships. Stocks with tiny market caps are easy to manipulate. All it takes is a story.
Our Matt McCall surmises that Naked Brands became attractive simply because of its ticker symbol, NAKD. It’s the kind of thing middle-school boys will snigger about in hallways, and many WallStreetBets players are no smarter.
But much like
AMC Entertainment (NYSE:
AMC), which used its short squeeze to recapitalize with stock, Naked Brands management seized its 15 minutes of fame. They sold stock to put over $200 million on the balance sheet. They are dumping Bendon, the store chain that had been behind the company in the first place. Now they claim to be an e-commerce play with cash on the balance sheet, hungry for acquisitions. That’s why the shares aren’t back down to 22 cents. ....

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Osimhen, Iheanacho, Ugochukwu... TheCable's team of the week


ON THE GO
Ikpeazu: We’ll enforce open grazing ban in Abia… it’s now very imperative
Okezie Ikpeazu, governor of Abia, says it has become imperative for the state to enforce a ban on open grazing of cattle.Advertisement On Tuesday, governors of the southern region had.
NPHCDA: Lagos, FCT, Kano top list as over 1.7m vaccinated against COVID-19
The National Primary Health Care Development Agency (NPHCDA) says 1,794,552 persons across the country have received COVID vaccine since the nationwide rollout on March 5. Advertisement Vaccination has taken place in.
Police arrest five ‘rail vandals’ in Kaduna
The Kaduna state police command says it arrested five suspected rail trail vandals at Dalle Village of Jema’a LGA and recovered two trucks loaded with locomotive railway sleepers.Advertisement Mohammed Jalige,. ....

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Big is better: Building job-creating businesses in Afri...


Hailed as one of the most influential books of the second half of the 20th century,
Small is Beautiful: Economics as if People Mattered remains a profoundly salient work for our time. Its crucial emphasis on sustainability speaks powerfully to one of the great dilemmas of the 21st century: how to balance economic growth with the human costs of globalisation. Namely, the hundreds of millions of people in the Global South who are stuck in crushing poverty, for whom globalisation seems to have delivered only more suffering. 
Small is not always beautiful, however. 
This is especially true in African economies, where levels of formal employment are terrifyingly and persistently low. Insofar as job-creating businesses are concerned and at risk of sounding uncomfortably similar to Gordon Gecko ....

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The First Bank Board Shake-Up and Its Reverberations, By 'Tope Fasua


ADVERTISEMENT
First Bank is the one we know, but this kind of scenario we are learning of is almost default practice in most of our banks. The Asset Management Corporation of Nigeria (AMCON) sits on many loans repackaged by them. Otudeko is not the only billionaire with the kind of tendencies for which he has been accused. As a fact, a good number of today’s whizkids are in the same bracket.
My earlier intervention on the First Bank matter, titled “Why Elephants Don’t Do Breakdance”, went viral for some reason, even though what I wrote was basically what was in the space. I also ensured that all my statements were prequalified with words like ‘alleged’, ‘seeming’ etc, to protect oneself in such a touchy situation where money is involved. What is most important is that the Central Bank of Nigeria (CBN) stepped forward to ensure the bank does not have permanent issues, which may cause problems for other sectors of the economy, and other banks as well. Some of ....

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