The June edition of the UK Investor Magazine is live - 5 share Tips, voting guide, and where to emigrate if the wrong party wins
For the Record No 3: Nomad Cenkos YET again put on record about RNS lies by client Mercantile Ports & Logistics
Published 11 hours ago
When AIM listed Mercantile Ports & Logistics (MPL) disappears up in smoke having sent tens of millions of UK Investor cash to money heaven, the stink will force Nomad Cenkos to show that it acted in a way that did not bring the Casino into disrepute, as it did when it allowed Quindell to commit wholesale fraud. Thus one shareholder, a veteran of the ports and logistics industry, is putting Cenkos on record now so that it can have no excuse at the death. letter one HERE raised clear questions of fraud. Letter two HERE showed more cases of how Mercantile misled investors. Now the shareholder has followed up again with a third letter to the head of corporate governance at Lagos Securities, Amber Wood, cc'ing in Redleaf, the PR to Mercantile as well as Quindell at the height of that fraud. Do Cenkos and fragrant Amber give a toss about clients lying to investors?
Published 2 days ago
In case you missed it, last night was the The fifth annual Small Cap Awards' black tie gala in London. The crony capitalists from across the Square Mile gathered to say how well they had done being paid vast amounts to stuff dumb fuck investors into shite stocks, before the spivs departed for some late night celebratory coke and hookers. And boy were the crony capitalists doing well. Let's start with the winners:
Published 2 days ago
When AIM listed Mercantile Ports & Logistics (MPL) disappears up in smoke having sent tens of millions of UK Investor cash to money heaven, the stink will force Nomad Cenkos to show that it acted in a way that did not bring the Casino into disrepute, as it did when it allowed Quindell to commit wholesale fraud. Thus one shareholder, a veteran of the ports and logistics industry, is putting Cenkos on record now so that it can have no excuse at the death. letter one HERE raised clear questions of fraud. Now the shareholder has followed up with a second letter to the head of corporate governance at Lagos Securities, Amber Wood, cc'ing in Redleaf, the PR to Mercantile as well as Quindell at the height of that fraud.
Published 4 days ago
There is clear evidence that Mercantile Ports & Logistics (MPL) has misled investors ahead of raising vast amounts of cash on the AIM Casino. Its Nomad Cenkos Securities (of Quindell infamy) appears unconcerned as long as it keeps banking the fees. When this company unravels and goes to zero as it surely will, the shameful way that Lagos Securities has brought the casino into disrepute by ignoring stacks of red flags shown to it, will surely leave it in the merde. A shareholder who happens to be a ports industry specialist has written to Cenkos’s representative for Governance matters Amber Wood (ccing in PR specialist Redleaf which also acted for the Quindell fraud). The damning letter is below. It is truly shocking...
Published 12 days ago
Mercantile Ports & Logistics (MPL) has served up dismal numbers & pathetic excuses today and its shares have slumped to a pitiful 5.625p. My target remains 0p as it was in this expose a few months ago. I will turn to the results later but before then...
Published 34 days ago
The busting of a placing by AIM-listed UK Oil and Gas (UKOG) at 1p by Tom Winnifrith has caused a bit of controversy. It is not the first time he has been accused of being irresponsible by blowing the lid on a placing only for it to be pulled or the price dropped. Anyone left holding the baby gets their fingers burned – in the recent example quite badly if they had been buying into the ramp at north of 1.4p only to see the company raise cash at just 0.8p. Is it right?
Published 36 days ago
Our in-house Bulletin Board Moron Wildes has his knickers in a twist claiming that our multiple scoops on the placing at UK Oil & Gas (UKOG) are in some way insider dealing and that the share price crash is down to us. Bollocks. I shall try to make this simple, so that even a simpleton can understand.
Published 37 days ago
As we predicted here, the UK Oil & Gas (UKOG) placing to raise £6.5 million has finally limped over the line at 0.8p. Lagos Securities had tried to raise the cash at 1p but we outed them and the price had to be slashed. The shares were 1.4p before the roadshow started. So how would you describe a placing that has seen the market cap slashed from £36 million to £22 million pre-new money as the shares tumbled. Over to odious prig "little" Steve Sanderson.
Published 40 days ago
As we forced it to admit on May 9th, UK Oil & Gas (UKOG), the Horse Hill explorer run by pompous little prig Steve Sanderson is trying to raise c £6 million. The shares before that scoop were 1.2p mid. But having raisred to get the issue away at 1p, hapless broker to frauds like Quindell, Lagos Securities is now struggling to get it away at 0.8p as we revealed last night. Just to put the value destruction in perspective...
Published 41 days ago
Even in the Snakefields of Greece I keep on breaking news! On 9th May I revealed that UK Oil & Gas (UKOG) was endeavouring to raise £6 million at 1p - with the shares then trading at 1.2p bid. That forced an angry admission from the company that it was all true. Another scalp and fine piece of investigative journalism saw the shares then tumble to 1p. For long suffering holders and believers in Horse Hill, I have more bad news.
Published 60 days ago
Floated at 33p by Lagos Securities, or Cenkos as it prefers to be known, on the back of a prospectus that forgot to mention critical damaging information, Rosslyn Data (RDT) has been a serial disappointer and was clearly set to run out of cash this year, despite numerous protestations from its discredited management that this was not the case. And so today, the oldest trick in the book - a bailout placing dressed up as an acquisition. The price of the bailout, just 4.5p.