Results

Milestone Group – a lifestyle business for Deborah White: the hard data

Published 39 days ago

I think Deborah White of Milestone Group (MSG) should be fired and then made to to a perp walk for her blatant breach of AIM rules with regard to non disclosure of price sensitive information. But there is another reason to hand Debs a p45 today...her stunning record of non delivery. It is worth chronicling just how bad it is.

Filthy Forty Taihua – at last that pesky buy-back is announced, but where has Daniel Stewart popped up from?

Published 80 days ago

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has finally announced the long-awaited buy-back first announced way back last August when launching an Open Offer to pay for it. Hurrah! So it wasn’t a massive spoof to get a fundraising away after all, although the net result of the exercise appears to be a lot more shares in issue and a net inflow of well over half the funds raised. 

Frontera Resources - does anyone give a flying wotsit about AIM Rules anymore?

Published 99 days ago

Hat tip to reader P who has already dobbed Frontera Resources (FRR) into the Oxymorons at AIM Regulation for what appears to be a blatant reach of the rules but on the casino do the rules matter any more? Does anyone give a flying wotsit about sticking to the rules when Marcus Stuttard and his Keystone Cops are just so utterly useless? AIM Rules dictate that companies must inform investors via RNs of material changes in trading. So over to Frontera...

Tom Winnifrith bonus bearcast - more lies from Cloudtag, shares to restart trading Friday: SELL

Published 133 days ago

Cloudtag (CTAG) has released an after hours RNS. It beggars belief that Nomad Cairn has signed off on this shite, More lies to compound earlier lies but also an admission of more breaches of AIM Rules and that 2016 sales will be zero, contrary to earlier lies. It is all utter horseshite and in this special podcast I take apart this statement bit by bit. It is a bad day for AIM. Cairn you should be ashamed and is beneath contempt. Cloudtag has lied and committed fraud and its shares are a sell with a 0p target.

Ooooh Er MRS....the AIM trainwreck from Down Under gets worse and worse

Published 149 days ago

As a mega bear of Management Resource Solutions (MRS) from almost the moment this crock of Turkish floated on the AIM casino, its ever worsening problems make me think that at 2.23 AM at Athens airport it is almost ouzo o'clock. The latest update is just so grim.

Filthy 40 China Africa: restructuring EGM Circular released, correction and apology, but value at the current price?

Published 151 days ago

The details have been announced: out of cash ShareProphets AIM-China Filthy Forty play China Africa resources (CAF) is proposing to divest its existing asset to its shareholders by way of an in specie special dividend (apparently valued at 1.75p per share) to leave a clean (and rather empty) cash shell. New money is coming in at just 2.17p a share, with a new board, a new business model and a new set of advisers. Against an IPO price of 40p a share back in 2011, China Africa has been a stunningly poor company. Things look set to change for the better, although the maths suggests that the current share price is still well ahead of events. 

AIM SHOCKER: Galasys - AIM’s day of sickening shame as Chairman points the finger

Published 231 days ago

In a quite astonishing statement released yesterday, the non-exec Chairman of AIM death-row inhabitant Galasys (GLS), Mr Kim Seng Teh, has given his account of an unbelievable systemic failure on the AIM Casino to control the behaviour of the board of a member of the world’s most successful growth market. WH Ireland, as the Nomad responsible for this train-wreck until a few days ago, has a number of serious questions to answer, as does AIM Regulation – which, I hope, will be asking a good few questions of its own. I wouldn’t like to second-guess who is the villain in the boardroom and who is the innocent party, but I am sure of one thing: heads must roll in the oversight department.

African Potash – AIM Rule 26 page updated: where has joint broker Cornhill gone?

Published 232 days ago

So having pointed out that AIM-listed and under-the-Sheriff’s-spotlight African Potash (AFPO) was in slam dunk breach of AIM Rule 26 by naming the wrong brokerage as its joint broker (actually the one named closed down at the start of this year), and incorrectly naming its Auditor, the company has got around to getting things up to date. And so we can now see that it has one joint broker in the form of its Nomad, Cantor Fitzgerald. So what happened to the other joint broker, Cornhill? Has it resigned? I think (and AIM Rules dictate) that we should be told.

AIM has its part to play as the country prepares for Brexit. I’m not holding my breath.

Published 284 days ago

There is no doubt that AIM is an incredible cash-raising machine. According to the most recent AIM Factsheet (to June 2016), published by the London Stock Exchange (HERE) £41 billion has been raised in new issues, and a further £56 billion in further issues of shares – a whopping total of £97 billion. Over the 21-year life of the Casino that is a very impressive average of £4.6 billion a year.

Golden Saint Resources – golden handshake from Cyril who sells up and discloses late

Published 290 days ago

In a final two-fingered salute to the Casino, Cyril D’Silva has informed AIM-listed POS Golden Saint Resources (GSR) that he is off to spend more time with his classic cars, and detailed some share transactions incredibly late: so long, and thanks for all the cash...

China fraud LED International Holdings and AIM Rule 41: when a rule isn’t a rule at all

Published 293 days ago

ShareProphets AIM-China Filthy Forty member LED International Holdings (LED) has been suspended from trading since 22 Dec 2015 – we are well into month seven of suspension, then. AIM Rule 41 says: “The Exchange will cancel the admission of AIM securities where these have been suspended from trading for six months”. Yet LED has still not been given the order of the boot by AIM Regulation. I dropped our friendly Oxymorons a line….

Nyota Minerals - Useless overpaid pig CEO Richard Chase ignores another EGM request: an Open Letter to the swine

Published 412 days ago

Finally, yesterday afternoon, the swine that has earned almost £600,000 running Nyota Minerals (NYO) into the ground - Mr Richard Chase - fessed up that he had received another EGM request asking for his head on a plate. We told you about this some days ago but sod AIM Rules abut timely disclosure, Chase fessed up only at the last minute. Will the mother listen to the owners of the company, long suffering shareholders?

Richard Chase at Nyota - fess up you've had another EGM request have you not?

Published 414 days ago

The disgusting POS that is Richard Chase of Nyota Minerals (NYO) is not telling you something. Naughty boy. Mr Chase is now breaking AIM Rules as well as trousering £10,000 a month for running the company into the ground as well as ignoring all his shareholders requests..

Eden Research: How about you obey AIM Rules for once and 'fess up re milestone non payments

Published 422 days ago

For a second I will park the five years  of fraudulent activities of Eden Research (EDEN) with regard to Terpenetech and move on to why it is breaching AIM Rules ( Number 11) with regard to non disclosure of material information elsewhere.

Tern – Cryptosoft update and a clarification from yours truly

Published 503 days ago

AIM-listed Tern plc (TERN) released an update on the progress of its flagship investment Cryptosoft yesterday morning. I’m not entirely sure why it bothered, given that only £26,000 of sales is reported in something of a jam tomorrow statement.

CEB Resources (now Andalas Energy) - are its deals falling apart?

Published 511 days ago

If the RNS statements issued by this overhyped junk are to be believed the answer is YES! Give the form of low-life colonial share ramping CEO Dave Whitby I stress the word IF.

Red Flags at Night: Tern “Holdings in Company” RNS – does anyone give a **** about disclosure rules?

Published 517 days ago

At no-one-is-watching o’clock yesterday (5.14pm) AIM-listed Tern plc (TERN) released an RNS detailing yet more selling by institutional investor Hargreave Hale. This has been an on-going off-load ever since I pointed out a few problems HERE, HERE, HEREHERE, and HERE but it would appear that someone has been breaching disclosure rules big style. Was it the company or Hargreave Hale? Some explanation is needed pronto.

Red Flags at Night: Rightster CEO share dealings raise questions

Published 529 days ago

On Thursday at no-one-is-watching o’clock (5.54pm) AIM-listed Rightster (RSTR) issued a very odd RNS detailing peculiar dealings in the company’s shares by its CEO, Mr Patrick Walker.  From the text of the RNS it would appear that his director shareholding is – as I understand it – under the control of a third party. Who might that be, and why? Then there is the reporting of a transaction dating back to 7 August – is that delay a breach of AIM Rules? 

David Lenigas and his LGO shares – no that Nominee stuff does not wash. Dave must fess up in full

Published 532 days ago

It is suggested by some who still believe in David Lenigas that he has not in fact sold any shares in LGO Energy (LGO) while telling us all how cheap they were but has merely shifted stock into Nominee accounts. Sorry folks that does not wash. Dave & LGO Energy MUST answer in public the questions posed HERE. The facts are simple.

The Globo Scandal – who is behind Lantau Holdings Ltd, and was the RNS of 14 Sept Market Abuse?

Published 549 days ago

What a staggering set of RNS releases this morning from AIM fraud Globo (GBO). First we have the near admission that the fraud allegations are substantially true. Then we have the resignation with immediate effect of joint Broker to Globo, Cannacord – just as Cannacord resigned the Quindell (QPP) account when the heat was really on. And to cap it all -  the cherry on the icing on the cake - news that Globo’s erstwhile CEO, Mr Konstantinos Papadimitrakopoulos, had been covertly selling down his holding of shares before the arrival of the bear report from Quintessential Capital Management. But when was he selling?

CEB to be suspended for weeks – but why has lying, rule breaking Dave Whitby not been fired?

Published 550 days ago

Shares in CEB Resources (CEB) will now be suspended for weeks if not a couple of months because – as I pointed out here on Friday – it is about to undertake transactions that amount to a reverse takeover (RTO). But the big question is why has CEO Dave Whitby not been fired for wholesale rule breaches?

Tom Winnifrith Bearcast Special: Dave Whitby of CEB Resources should be sacked and prosecuted TODAY

Published 552 days ago

Shares in CEB Resources (CEB) are suspended on AIM ahead of an announcement on Monday. That is because its CEO Dave Whitby revealed a stack of price sensitive data including news that an RTO was planned in a podcast on ADVFN with Justin the Clown Yesterday. Flip Flop Ben Turney is so busy blowing smoke up the arse of Whitby that he may wish to ignore this. Whitby has broken insider dealing laws and a stack of AIM Rules. He should be sacked at once, barred from AIM and prosecuted. If you want to clean up AIM you deal with those who break the laws. Whitby has broken the laws. The Sheriff of AIM is getting a noose ready...

Global Market Group: finally the undead corpse is put out of its misery

Published 582 days ago

Finally at 5.34pm tonight came the announcement that a wooden stake had been driven through the heart of the undead corpse that was AIM-China play Global Market Group (GMC). Having been without a Nomad for a month and two days, AIM Rules demanded that the shares be cancelled from trading after a month. So I guess the formal announcement that Global Market is off the Casino is only two days late. That’ll be the tenth delisting from the ShareProphets AIM-China Filthy Forty.

AIM-China Global Market Group: where’s the Aim Cancellation Notice? Day 2

Published 583 days ago

We’ve already highlighted this HERE and dropped a line to our good friends at AIM regulation HERE but still nothing. AIM-listed China play Global Market Group (GMC) announced back on 21 August that its Nomad had quit with immediate effect. Under AIM Rules that means instant suspension, but also that if no new Nomad is appointed within one month then the shares will be delisted. It is now 23 September and no new Nomad has been appointed so as we understand AIM Rules there should have been a formal AIM Cancellation notice yesterday. There was none forthcoming.

Why Global Market Group has not yet been formally booted off AIM – a cynic writes

Published 583 days ago

Blow me down with a feather – there is someone in the world even more of a cynic than me! We have already covered the fact that AIM-listed (for the time being, it appears) Global Market Group (GMC) has been without a Nomad now for one month and one day – and that under AIM Rules it should therefore have been formally shown the exit this morning: one month without a Nomad = delisting under AIM Rules. But there has been no announcement. We wonder why. Is AIM Regulation asleep at the wheel or is there some other reason? Over to uber-cynical ‘Keith’ to explain…..

Global Market Group - Letter to AIM Regulation: Are you asleep at the wheel?

Published 584 days ago

Further to Tom Winnifrith's piece HERE which highlights that ShareProphets AIM-China Filthy Forty member Global Market Group (GMC) has now been without a Nomad for a month and a day, yet there has been no announcement that it has been formally booted off the Casino I have dropped a line to AIM Regulation. Is it the case that ShareProphets is now the regulator? The letter reads:

Angus Forrest of Tern time to fess up on another AIM Rule breach? Or just lack of transparency?

Published 600 days ago

Oh deary, deary me. We still have not fully cleared up the mystery warrant issue (thus far we have simply been told that the exercise was all done correctly, but there is no explanation of the statements in the 2013 and 2014 annual results RNSs, nor the relevant Annual Reports which contradict this) when along comes another difficulty. I fear that this next wee problemo may be rather more clear-cut.

Correction: IGas -STILL not in compliance with AIM Rule 17. Time for AIM Regulation to show its teeth

Published 831 days ago

Yesterday I ran a piece saying that IGas (IGAS) was still not complying with DTR 3 of the Disclosure and Transparency Rules in the FCA rule book. It isn’t, but it turns out that DTR 3 does not apply to AIM companies, not that I managed to glean that from the DTR rules, although it can be inferred from the AIM Rules in the Guidance Notes. Mea Culpa, then and I apologise for the error. But AIM Rule 17 contains much the same requirements and so here is a corrected version of that piece. For the record, DTR 5 (rules governing disclosure of holdings greater that 3%) DOES apply to AIM Companies. 

Tern plc – Tomorrow’s RNS Today

Published 844 days ago

In the light of my two articles regarding Tern’s (TERN) RNSs of 15 and 17 Sept 2014 HERE  and HERE which pointed to incorrect information regarding share issues, conversion of debt and the acquisition of Cryptosoft it is clear that Tern and its hapless Nomad WH Ireland will have had to cobble together a response tomorrow if they are to pretend that they give a fart about AIM Rules . Ever helpful, ShareProphets can bring that RNS to you today…

Open Letter to the FCA & AIM Regulation – Quindell and Market Abuse on 13 October 2014

Published 874 days ago

Market abuse covers many sins but one is to give a misleading impression of the value of securities as a result of false statements.  Quindell had told investors that it would achieve cash breakeven in Q3 2014. In fact it managed to beat this target thanks to a number of covert measures which hid the true picture. This is market abuse (FCA) but also a breach of AIM Rules. I have therefore written to both the FCA and AIM Regulation and cc’d in the hapless chumps at Nomad Cenkos demanding an urgent investigation.  I write:

Quenron – Another Hot Air RNS - this time in Canada

Published 919 days ago

Quindell (QPP) has announced what it believes to be a major deal. Oddly certain Bulletin board morons who have in the past been leaked confidential lawyer’s letters by Quenron have been pre-announcing this for days making a mockery of AIM rules re the release of supposedly price sensitive information. But that is the least of Quindell’s crimes.

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