Tom Winnifrith: The Top short sellers, bears and fraudbusters all together on April 1 - don't miss out
Published 6 days ago
AIM-listed Servision (SEV) still looks to be a story too good to be true. With the company scraping by on boardroom emergency loans and running out of cash, along comes Cascade which agrees to pump in boat-loads of cash at more than 400% of the prevailing share price. We have been told that the first tranche of shares has now been issued (and, indeed, admitted to trading on the Casino), and the cash received. But we’ve not had a TR-1. And why is the company’s AIM Rule 26 major shareholdings web-page almost a year out of date?
Published 26 days ago
AIM-listed Servision (SEV) has some questions to answer. I hope it is currently answering them to its Nomad Allenby Capital and that we will have a statement shortly. Having announced a funding deal with US-based Cascade (which has nothing to do with Bill Gates) which seemed way too good to be true – at over 400% of the previously prevailing share price – backed by a personal guarantee from chairman and CEO Gidon Tahan, the nature of that guarantee became rather murky on Friday when it emerged after-hours that he had put up his entire shareholding as security. On what terms?
Published 27 days ago
Cloudtag (CTAG) the fraudulent AIM Company which has repeatedly raised money by telling lies to investors says that with Cairn Financial no longer prepared to sign off on its lies it is in advanced discussions about finding a replacement to avoid its shares being suspended on April 10. Really? Who do you think is so morally or financially bankrupt that they will sign off on lies for a fraudster. I am now starting a poll, if any of the Nomads's below want to deny that they are morally bankrupt and will not take on this work I will update the article. Vote now, deadline midnight Sunday 26 February. Update 1. It is not Allenby.
Published 28 days ago
Yesterday we asked a series of question relating to AIM-listed Servision and its dealings with an obscure American entity called Cascade which has nothing to do with Bill Gates, when it emerged that it seems that the personal guarantee offered to Cascade by Servision Chairman and CEO (corporate governance Red Flag) Mr Gidon Tahan looks to be taking the form of a grant of security over about 10 million of his shares. Did the grant of security involve Cascade being able to dump said shares on the market? But two other details catch my eye.
Published 29 days ago
In the main bearcast today I touch on the Cloudtag (CTAG) fraud but that is really covered in its own bearcast HERE. I do look at RapidCloud which was suspended today and will lose its AIM listing in a month. Who warned you that this would face a "terminal conclusion" 149 days ago? Was it PR wankers Walbrook or Nomad WH Ireland or savants on the LSE Asylum? Er no, it was me HERE. I then look at Challenger (CHAL) a zero in waiting, Iofina (IOF) and IGAS (IGAS) both of which should also be zeros. I commend today's excellent piece from Nigel, the Deputy Sheriff of AIM, on the Servision (SEV) scandal HERE. I take Nomad Allenby to task for failing to comment on this and for allowing Servision to mislead mug punters. AGAIN. Finally I take apart overvalued ramp Wey Education (WEY). Its shares are up 33% today. That is a ramp not a reflection of value.
Published 29 days ago
Tom Winnifrith has already driven a coach and horses through the deal announced on Wednesday whereby an obscure US-based outfit has apparently agreed to throw $2 million (and up to a further $4 million) into AIM-listed Servision (SEV) at a massive premium to the share price previous to the announcement. But a no-one-is-watching o’clock RNS last night leaves me wondering whether the whole thing is so appallingly dressed up as to render the original RNS a gross misrepresentation of the truth.
Published 73 days ago
ShareProphets AIM-China Filthy Forty play PCG Entertainment (PCGE) has announced a rescue deal. It is great news for shareholders and a stunning coup for head honcho Richard Poulden, the Chairman, who stepped up to the plate following the shocking emergence of difficulties involving previous top dog Mr Kung Min Lin and a deal to buy Centre Point Development Corp (CPDC). The deal announced today looks to be a full lancing of the boil.
Published 99 days ago
Well I guess it is not dead yet, but ShareProphets AIM-China Filthy Forty poster-boy MoneySwap (SWAP) sure is pushing the line. Having bundled through shareholder authorities to get enough headroom available for a rescue bail-out at its last AGM even without a firm proposal on the table last June, apparently due to the urgency of the situation, here we are six months on and still there is no deal – and the company is running on the fumes of a series of emergency loans. What’s the point?!
Published 123 days ago
African Potash (AFPO) needs to find a new Nomad by December 7th or its shares will be suspended. Cantor Fitzgerald is tired of putting its name to outright lies published to facilitate Securities Fraud and has quit. Potash says its talking to a replacement but which Nomad would act for this proven fraud? You decide in the poll below. Voting deadline midnight tonight ( 22nd November).
Published 159 days ago
Shares in Moneyswap (SWAP) are suspended on the AIM Casino as the company can't get its accounts for the year to March 31 out (still) and because there are clear financial issues. But Nomad Allenby is clearly desperate for retains as it won't quit this obvious fraud. Well perhaps when it reads the expose that follows it will at last do the decent thing....
Published 176 days ago
Not only does AIM Casino piece of Turkish Servision (SEV) now have the most expensive loan in AIM history - see HERE - but this company is also utterly bust. Amazingly Nomad Allenby and broker Belfort Securities have signed of on its results today. Shame on you chaps. You may not be able to read financial statements but I can and so talk you through why this company could call in the administrators as soon as this afternoon. Target price 0p.
Published 176 days ago
Servision (SEV) has today announced its interim results and they are dismal. The company is bust and why it's advisors (Nomad Allenby, broker Belfort Securities & PR himbo Christian Taylor Wilkinson at Cadogan Leander) do not call it a day and walk defies belief. It shows all three are morally bankrupt.The results are analysed in a bearcast special HERE. But I flag up in itw own right a loan Servision has taken from Yorkville which seems to be the new, most expensive loan , in AIM Casino history - at 33% - it is 5 percentage points dearer than the loan the FRAUD African Potash (AFPO) took out from Katrina Clayton, the wife of its FD. Frankly Servision would be better off borrowing on Christian T-W's credit card and splitting the difference.
Published 180 days ago
Suspended for failing to do an RTO, the AIM listed piece of crap that is Glenwick (GWIK) announced late last week, how it is to spunk all its cash. Need,less to say the company told a grotesque lie in its RNS and it and its advisers seem rather unwilling to return calls and defend or justify that lie. Peterhouse, Allenby, Glenwick you are cowardly bastards as well; as liars.
Published 185 days ago
Well that didn’t take long: at 9.53 up goes our piece (HERE) pointing to the possibility that ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) could find itself suspended out of the blue with no warning (apart from HERE) and lo and behold the shares are suspended 37 minutes later (see HERE) because the company can’t get its accounts to March out on time. In view of this and in honour of the disappearance of QE Mr Stewart Dickson (formerly Dick) from Nomad Cantor Fitzgerald in the wake of the African Potash (AFPO) scandal (see HERE) I have changed my name to Mystic Meg.
Published 203 days ago
“Following successful completion of the general meeting earlier today… the last day of dealings in the company's ordinary shares is 14 September 2016 and at 7.00 a.m. on 15 September 2016, the company's ordinary shares will be cancelled from trading on AIM”. Hmmm - “successful” CDialogues (CDOG) says…
Published 205 days ago
Last night at no-one-is-watching o’clock (5.30pm) ShareProphets AIM-China Filthy Forty play Moneyswap (SWAP) announced that its CEO, Ms Sunny Yu had walked the plank with immediate effect. Has the cash run out yet, and will Nomad Allenby follow suit?
Published 236 days ago
AIM-listed Servision (SEV) has announced the appointement of a new NED. If that is supposed to reassure in the face of Tom Winnifrith's complaint to the FRC over the "interesting" accounting going on at the company then the CV of new appointment Mr Anthony Legge is just jaw-dropping.
Published 237 days ago
ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) has made no secret lately of its dire financial predicament. The investment case appears to be that it either gets a refinancing (with a new board) and survives – but with the new money coming in at a significant discount, or it does not in which case it is bust.
Published 259 days ago
Tom Winnifrith has stuck the knife into AIM-listed Servision plc (SEV) more times than Avanti (AVN) has missed performance targets – see HERE. And so today we learn that the company has amended the terms of a financing package with YA II PN Ltd (otherwise known as Yorkville) which involved a loan agreement backed by a standby equity distribution agreement (SEDA) – for that, read “death spiral”. But the comedy is in the text of the RNS.
Published 267 days ago
ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) finally got around to releasing its FY numbers to June 2015 just a few days ago - almost six months late. As discussed HERE the Red Flags are horrific: the auditor (BDO) issued a Disclaimer of Opinion, as well as raising a material uncertiainty in the going concern statement. Quite why the Nomad, Allenby, did not quit on the spot is a mystery to me. But the shares are still suspended as the interims to Dec 2015 are now three months overdue. And that brings me to AIM Rule 41:
Published 270 days ago
Cynical Bear has already covered the stinking pus filled boil that is the bid for SyQic (SYQ) by its own CEO Jamal Hassim. Today it just got even smellier with the suspension of the shares.
Published 275 days ago
ShareProphets AIM-China Filthy Forty play LED Holdings (LED) has finally got around to releasing its full year results to June of last year. They are audited numbers, but the Red Flags in the audit report are so shocking that surely the Nomad to this company, Allenby, has to resign on the spot. Is it really good enough for an AIM-listed company to produce numbers against which the auditor issues a disclaimer of opinion?
Published 355 days ago
Powerhouse Energy (PHE) withheld information from its investors for almost two years (the non payment of a legal claim) and then again failed to mention that this dispute was going legal for six weeks. It thus misled investors who bought shares in the secondary markets and in two placings on that false prospectus. I think that is slam dunk fraud as explained HERE. The Company has now hit back in an email to an ex investor - which I have obtained - saying that Nomad Allenby knew all about this withholding on information so it is kosher? That charge against Allenby is grave and it needs to respond to the email below discussing our coverage:
Published 366 days ago
It comes as no surprise that (now ex-) AIM-listed DQ Entertainment (DQE) had a spot of bother in finding a replacement Nomad after the previous incumbent Allenby walked the plank last month, having given notice and warning that if new directors proposed by EGM requisitioners were appointed then it would resign forthwith. But now we have what looks to be the final nail in the coffin as the company has admitted that it can’t find a Nomad which will represent it and it is to be booted off the Casino as from this morning - a nice early morning execution. I hope that any readers with a holding managed to get out, even if only with one of Tom Winnifrith’s bags of crisps: it is better than nothing.
Published 397 days ago
Shares in AIM-listed DQ Entertainment (DQE) are down 35% to 1.125p mid (last seen) as today's close-of-play deadline for the company to find a replacement Nomad or see the shares suspended looms large. Is this the last chance to salvage one of Tom Winnifrith's bags of crisps?
Published 402 days ago
AIM-listed DQ Entertainment (DQE) looks set for imminent suspension on the resignation of Allenby as Nomad on 22 Feb (next Monday) as previously notified by the company on 4 Feb in controversial circumstances. Since then the company has issued three RNSs, none of which has given any update on progress on finding a replacement.
Published 406 days ago
Yesterday saw AIM-listed DQ Entertainment (DQE) release a trading update on its 75%-owned and Bombay listed Indian subsidiary, DQE Entertainment (International) Limited. It was well received by the market and DQE saw its shares advance by some 45.5%. That’s handy for anyone looking to get out, such as anyone with a loan in default being forced to sell their shares (before the Nomad, Allenby, quits in just over a week).
Published 408 days ago
Already suspended for failing to produce its accounts to June 2015, ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) gave out a Chinese new year update on Monday which covered a number of matters – not least of which is the overdue accounts. And the binning of a JV which started life as a proposed RTO. And the non-completion of an acquisition first announced back in March 2013. And a warning that its working capital position is constrained because its customers are not paying their bills. And the company needs to raise cash or restructure debts. Apart from that everything’s fine!
Published 413 days ago
We have already demonstrated that not only is Servision (SEV) teetering on the brink of insolvency (HERE), has a ludicrously aggressive revenue recognition policy (HERE) but that also it announces deals as pre-placing ramps then patently does not deliver on them HERE & HERE. Now lets look at a pre-placing ramp from Brazil from April 2015. This is a shocker.
Published 413 days ago
Following the appearance of AIM-listed DQ Entertainment (DQE) in our Red Flags at Night series regarding the resignation of its Nomad and other matters, slipped out at no-one-is-watching o’clock on 3 Feb, we had a Director Shareholding RNS yesterday afternoon. It is a complex announcement, but it stinks. Certainly it did not give any reason to question the wisdom of the Nomad, Allenby, to step down on 22 Feb. The shares remain a big sell even after the collapse of last week.
Published 415 days ago
Update: the company re-issued the RNS of last night at 7am this morning, with the correction in the title that it's Nomad was resigning. Now it could be that someone at the company thought it a bit of an oversight, or perhaps the Nomad (Allenby) insisted on the correction. Either way it would appear that any attempt to bury the bad news has backfired in spectacular fashion: the shares are off by 45% last seen.
Published 418 days ago
Motive TV (MTV) may well see its shares suspended from the AIM on St Valentine's Day causing a massacre of the portfolios of the complete morons who own shares in this cash burning POS . The reason? Belatedly it is today warning us that come 14 Febuary it will be without a Nomad.
Published 422 days ago
Nomad Allenby still appears happy to take the filthy money offered by Servision (SEV) to act on its behalf notwithstanding the now clear demonstration that its RNS statements are, on a serial basis, utterly misleading. So let us now look at the accounts which, natch, are a total joke. I refer to the issue of bad debts.
Published 423 days ago
So far Nomad Allenby has refused to act when shown clear evidence that its client Servision (SEV) has issued RNS statements which have not actually been born out by reality in terms of new orders. Clearly Allenby regards getting its corporate retainer as more important than its reputation. So after yesterday's shocker here is an even more monstrous lie . This company is a worthless lie factory and given that it is almost insolvent its shares are worth 0p.
Published 424 days ago
Yesterday I demonstrated that AIM casino posterboy Servision (SEV) was both almost insolvent and in need of a placing ASAP HERE and b) was happy to mislead investors to ramp its worthless shares ahead of a placing HERE. Right now it is ramping as it needs a placing pronto to avoid going tits up. Now I take you back to 2015 to show how it misled the market in a shocking manner to get a bailout placing away.
Published 449 days ago
Our apologies are due for overlooking one of the ShareProphets AIM-China Filthy Forty companies. The RNS released by LED International (LED) three days before Christmas (HERE) almost passed us by: the company announced early in the no-one-is-watching o’clock holiday period that its shares were being suspended because it had become apparent that the Company [would] not be in a position to publish its audited report and accounts for the year ended 30 June 2015 by the deadline of 31 December.
Published 463 days ago
This may seem like madness but we increased our holding in Reach4Entertainment (R4E) last week by 50% with another market purchase becuase, not despite of, the way that conman Johnny Hon of Gate Ventures (GATE) infamy has got involved.
Published 488 days ago
This classic from Blue Oyster Cult is today's song for Sefton Resources (SER) becuase tonight its shares will formally be booted off the AIM Casino following the resignation of Nomad Allenby a month ago. We know Chris Oil told everyone backing his putsch that he had a new Nomad. But he was lying. That will be a matter for the rozzers in due course. Meanwhile...
Published 507 days ago
Sefton Resources (SER) has today updated its shareholders via a release which can only be described as semi-literate. Was it written by Zak Mir? Notwithstanding the appalling syntax the message is clear: shareholders are fucked. We bring the release with a ShareProphets translation service in bold.
Published 517 days ago
For the avoidance of doubt I am stone cold sober in writing this. I had a small glass of wine last night but just one. I say this because I now say that Dan Levi (Brokerman Dan) has made a valid point about the Sefton (SER) debacle.
Published 519 days ago
As I warned you yesterday (HERE) shares in Sefton Resources (SER) were suspended this morning following the arrival of a new management team backed by Comrade Dan Levi and the market abuser Chris Oil. Nomad Allenby has quit. The LSE has told other Nomads not to act and in a month Sefton will be booted off the AIM Casino. But it gets worse.
Published 520 days ago
In case you are still dumb enough to be holding shares in Sefton Resources (SER) - if you do not sell by 4.30 today you will almost certainly never be able to sell again and you will lose all your money.
Published 526 days ago
As expected today’s news from carry on Up the Sefton Resources (SER) signals the death of its AIM career but it gets worse, the new management team and its backers stand humiliated. The City of London is closing ranks against them
Published 531 days ago
I am afraid that while there have been many bloodbath days for shareholders in Carry on up The Sefton Resources (SER), tomorrow will be the bloodiest of the lot. I am expecting an RNS first thing and it is not going to be good news.
Published 543 days ago
And it is another kill for the Sheriff and Deputy Sheriff of AIM – China fraud Camkids (CAMK) is now on death row with its shares suspended as Allenby this morning quit as Nomad with immediate effect. The lying tossers at Camkids could not even tell that straight – the RNS stated “Change of adviser”. It meant, the adviser had quit as it finally accepted this was a nailed down slam dunk fraud. It gets worse.
Published 554 days ago
Another day and yet more entertainment from the biggest joke company on the AIM casino, Carry on Up The Sefton (SER) – CFO Barbara Windsor, played by Raylene Whitford, has quit the board with immediate effect. WTF?
Published 575 days ago
AIM listed China fraud Camkids (CAMK) effectively admitted that its stated cash was not really there with its ludicrous explanation of how it was set to disappear (HERE) but now let me show you why its reported profits are also 100% made up.
Published 587 days ago
It seems like ages ago that the then Chairman of the London Stock Exchange, Mr Gibson Smith stared at me disdainfully at the police-state plenum-style AGM and in answer to my question as to whether having AIM was really worth the sweat, given its minimal contribution to Group profits compared to the colossal reputational damage it was wreaking, trotted out some feeble rehearsed platitudes about the importance of the AIM market, the quality of the Nomads, and lack of wholesale fraud in the AIM listed China-based community.
Published 588 days ago
We today launch the China AIM Casino Filthy 40 – a way of tracking what a fraud ridden mini cesspit this is. The findings and the tables below will truly shock you and shows what fantasists the idiots running the London Stock Exchange are.
Published 591 days ago
Shares in China AIM Casino fraud Camkids (CAMK) should be suspended now. If Nomad Allenby had any decency it would quit at once. The stock is again plunging today (off 16% at 4p) and even the thickest Bulletin Board moron is not buying. So when will the shares be suspended? It is time for a reader poll. Deadline for entries midnight tonight or the suspension time whichever is sooner:
Published 592 days ago
Something just does not add up with AIM listed (pro tem) Camkids (CAMK). Tom Winnifrith and Steve Moore have already considered the credibility of yesterday’s RNS HERE and pronounced Camkids, from Fujian Province in China as a prime candidate to join the club from the Norfolk province of AIM. We’ve been looking at it from a different angle: the annual report and accounts. What we find is shocking.
Published 593 days ago
Former ‘Investors Chronicle’ favourite AIM casino China fraud Camkids Group (CAMK) has released a more than 600 word RNS, which can be almost summed up by a 1999 song from Wolverhampton band Babylon Zoo; ‘All the Money’s Gone’… The shares are crashing and if Nomad Allenby had any integrity it would quit. This is a total Rum n'Coke.
Published 615 days ago
Just now and again readers on ShareProphets post utter gems which merit a wider audience. Reader its me is a City insider and knows how the system works or rather does not. Commenting on the latest China fraud revelations (Global Lock) he explains a real failing in the Nomad system. It is a very instructive comment and something the LSE should - but won't - take on board. Over to its me:
Published 641 days ago
At last the spineless crony capitalist pig Roland "fatty" Cornish of New World Oil & Gas infamy, has quit as Nomad to China fraud Gate Ventures (GATE) and hence the shares have been suspended at once. The shares were listed in March and via fees and from exercising warrants and flogging shares - even though the prospectus said he could not exercise for a year - fatty has trousered c£400,000 but now even this greedy pig, devoid of principle has had enough.
Published 644 days ago
Brokerman Dan (Levi) and the market abuser Chris Oil are letting it be known that they are going into Sefton Resources (SER) to "save it" by calling for boardroom change. With their known associates among the bulletin board moron and PR totty community I am sure they already have 10% of the enlarged equity and could call an EGM. Dan has already told me by email that he wants to oust directors. Questions questions.
Published 647 days ago
Another day and another exclusive. Today we bring you the court filing made by disgraced Jimmyliar Ellerton as he tries to screw not $250,000 but $400,000 from the company. It will not make pleasant reading for Sefton (SER) shareholders but I am happy to appear as an expert witness for the company as the claims he makes are - as you would expect - packed full of lies.
Published 683 days ago
At this point I move away from Oscar Wilde, in the case of Camkids (CAMK) to lose 2 NEDs looks like… a fraud unraveling. Last week it was a British NED who walked. Today we hear that Mircle Yap , a Chinese NED, will be leaving after the AGM on June 11.
Published 695 days ago
This is a stonker of an AIM casino disaster – a story of greed, stupidity, investors being misled and, as it’s the AIM casino, of private investors taking an almighty rogering. Meet Arria NLG.
Published 731 days ago
I mentioned this in BearCast and it is just a bit of fun. Shares in Naibu remain suspended as the CEO of that fraud Mr Houyan Lin languishes in a China gaol cell. So which will the be the next China AIM stock to be suspended for whatever reason - natch fraud is the most likely reason, Vote now, results tomorrow
Published 755 days ago
Yes you read the headline correctly. The CEO of an AIM listed company has been languishing in prison since mid-November and no-one has been told about it. Two Nomads, the non-execs, AIM Regulation you stand accused of contributing to the darkest hour of the Casino. Anyone who has bought shares since the incarceration you know who to sue. Surely heads must roll?
Published 860 days ago
Each year a sell-out dinner takes place attended by over 1300 AIM company directors, Nomads, brokers, accountants, lawyers, analysts, people from the financial PR and investor relations industries and the media. It is the largest AIM gathering in the City calendar, according to the AIM AWARDS website, http://www.aim-awards.co.uk . Lots of mutual back-slapping goes on as they ‘celebrate outstanding achievement on the world’s most successful growth market’.
Published 905 days ago
You could not make this up. Disgraced liar and crook Jim Ellerton may well be reinstated as the next Chairman of Sefton Resources (SER) in January. This take from the AIM Cesspit gets worse and worse.
Published 925 days ago
The Naibu (NBU) Norfolk is collapsing as we speak. Last seen the shares were at 31p and target price is 0p. Will the Naibu owning Bulletin Board moron who called me Winnifraud 2 days ago on the ADVFN Naibu thread for questioning this Ponzi please apologise now? Is he right now filling his boots or filling his trousers with the brown stuff? I have no sympathy for this cretin whatsoever. He was warned… So which are the next two China AIM casino listed stocks to slump> Here are two suggestions.
Published 1021 days ago
Transatlantic media and entertainment company, reach4entertainment (R4E) formerly the dog known as First Artist has one big issue – it owes £14.6 million to the banks. But it has refinanced that debt so it will not have the plug pulled. And it is trading very strongly indeed. That is not in the price – 4.75p and so this is our tip of the week.