10 hours ago | By Pizza Hardman & Hackney Marxist Darren Atwater |
As seen here, Telit's (TCM) distributers are a, um, diverse lot, including a distributer in Vietnam that appears to be a scooter courier firm. Which is nice, and thank you for sponsoring this week's Bulletin Board Moron search.
10 hours ago | By Tom Winnifrith |
Following complaints from shamed share ramper Roger Lawson, ADVFN has insisted on a raft of new editorial controls on OneFreeShareTip.com. I did not re-start my life five years ago to be told what I could or could not write. I said no and ADVFN boss Clem Chambers has just said that the website will be shut down. So...our hand is forced ... Welcome to fivefreesharetips.com - we hope you join NOW HERE.
10 hours ago | By Tom Winnifrith, The Sheriff of AIM |
This is not the first time that Buishveld Minerals (BMN) has engaged in truly sordid and shoddy ramping to get a placing away. Perhaps you remember this expose HERE which allowed me to crack a massively tasteless joke about blow jobs. The point is that pre-placing ramping back last fall left those suckered in with a really bad taste in the mouth. Wind forward to yesterday.
11 hours ago | By Steve Moore |
From the same stable as Entu (DISGRACEFUL: having only IPO’d on AIM in October 2014, now “all of the proposals received attribute little value to the equity”), a “Half Year Trading Update and Notice of Results” announcement from Epwin Group (EPWN)…
11 hours ago | By Tom Winnifrith, The Sheriff of AIM |
Back before the world went crazy in the nineties when folks committed or abetted financial wrongdoing they were named, shamed and punished as individuals. That was a real deterrent to crime. Then the world changed and we started fining corporations, banks, accountants and other advisers. The regulators announce seemingly large fines which meant they got newspaper headlines and seemed smart. But the banks and other advisers just treated the fines as a cost of business and so were not deterred from breaking the rules going forward. At least my very good friends at the Financial Reporting Council seems to appreciate that. The FRC is, as such, the UK's best regulator.
11 hours ago | By Nigel Somerville |
AIM-listed Cloudbuy (CBUY) announced interims to June this morning. With the last tranche of rescue funding from Roberto Sella now drawn, and a 20% discount to any placing price still on offer it looks as though the company will have to pay its way pretty soon. The good news is increased revenue and falling admin expenses. But will it be enough?
12 hours ago | By Tom Winnifrith, The Sheriff of AIM |
The board of Telit (TCM) the fraud whose CEO until last week was an undeclared fugitive from justice sure has some colourful chappies in senior posts. There was Uzi Katz, the Boston fraudster himself. Then we had former chairman Avigdor Kelner who has only recently emerged from a stretch in the slammer in Israel. Yesterday we met "colourful" NED Ram Zeevi as I published some US Court papers concerning him. Now meet Eran Edri.
14 hours ago | By Steve Moore |
Publishing group Quarto (QRT) last week announced self-admitted “below expectations” first half of 2017 results, including a significantly increased adjusted pre-tax loss of $8.7 million. However, the share price was saved by an also announced “attractive” price takeover approach. Now though there’s a “Termination of Discussions with Potential Bidder” announcement. Uh oh…
16 hours ago | By Nigel Somerville, the Deputy Sheriff of AIM |
AIM-listed Nyota Minerals (NYO) announced a company update last night at no-one-is-watching o’clock. The good news is that we were watching, the bad news for anyone left holding the stock is that Peterhouse is planning to “unresign” itself if the company can attract a Nomad before it is kicked off AIM altogether, with a potential placing at a “substantial discount” to last night’s closing price.
16 hours ago | By Tom Winnifrith, The Sheriff of AIM |
On the morning of 15 August 2017 Sam Smith the curvaceous founder and CEO of Nomad FinnCap sent an email to all her crony capitalist pals across the City boasting about her new bestest friends. That was a mistake methinks. This is all a tad embarrassing as you can see below.
16 hours ago | By Steve Moore |
A 1:30pm “Notice of Results & Trading Update” announcement from Laura Ashley (ALY). With the time of it and “Notice of Results” stated first, surely just a routine announcement? Right?...
16 hours ago | By Nigel Somerville, the Deputy Sheriff of AIM |
7.45am Tuesday brought news of a placing by AIM-listed Inspirit Energy Holdings (INSP) for just £300,000 at 0.12p. Even that figure had to be propped up by a £50,000 contribution from (corporate Red Flag) CEO and Chairman John Gunn. It won’t last long, even if they get it through a general meeting to allow it to happen.
16 hours ago | By Steve Moore |
Emphasising “reflects the company's leading position within the smart metering industry across both emerging markets and Europe”, CyanConnode (CYAN) has announced “a $10 million purchase order extension from its specialist in energy management systems customer for a smart metering contract in Bangladesh”. What does this though mean in context?...
16 hours ago | By Cynical Bear |
I’ve been keeping my powder dry on Challenger Acquisitions (CHAL) in recent weeks despite the rampfest extraordinaire going on in all the usual places. However, the two RNS’s yesterday have got me banging at my keyboard as it highlights the shoddy behaviour going on. It’s clear who the CEO, Mark Gustafson, is really working for here, namely the death spiral funders backing this piece of crap.
16 hours ago | By Malcolm Stacey |
Hello, Share Mixers. A whizzo strategy when trying to find a new company in which to invest is to ask if what it provides is part of a growing trend. Will it deliver the goods in a world which becomes faster and more efficient in the future? Or does the company provide goods or services which are gradually becoming less fashionable and out of date?
Previously described as an A-grade howler HERE, there is now a strange-time “Trading Update” announcement from Management Resource Solutions (MRS). Strangely timed such announcements are very seldom good news and, combined with the track record here, I’m guessing there’s only one scenario…
1 day ago | By Nigel Somerville, the Deputy Sheriff of AIM |
Anyone still holding shares in Nyota Minerals (NYO) is staring down the barrel as suspension looms at the close of trading tomorrow, in the absence of the appointment of a new Nomad and Broker.
Having reached above 12p in February before falling back, including post a trading update in June, shares in CAP-XX (CPX) have currently returned to those prior highs on the back of a “First high-volume order for Thinline” announcement. Why “high-volume” though rather than an actual number? Ramptastic?...
2 days ago | By Cynical Bear |
After months of promises and delays, Jim Mellon's FastForward Innovations (FFWD) finally provided further details of the potential merger of investee company Schoold with Lingo Media this morning. I can see why it was reticent about making the announcement as it doesn’t make pretty reading.
2 days ago | By Tom Winnifrith |
We have already seen that a former Telit (TCM) chairman got sent to the slammer in Israel for fraud. Yesterday it was admitted that - as we revealed a week earlier - the founder, CEO and largest shareholder Oozi cats was also a fraudster and when IPO'ing Telit a fugutive from US justice. But despite compelling evidence from us HERE the rest of the board say Telit is not a fraud. And the folks at the bicycle repair store HERE which it claims to be its Vietnamese distribotor agree. So the rest of the board, all appointed by Oozi are squeaky clean right? Er...
6 days ago | By Cynical Bear |
I always take house broker notes with a heavy pinch of salt as they will paint as optimistic a picture as possible so this morning’s effort from Beaufort Securities on its client, MySQUAR (MYSQ), surprised me somewhat with its honesty but it’s good to finally put the nonsense about “operating break-even” to bed.
6 days ago | By Tom Winnifrith, The Sheriff of AIM |
That Telit (TCM) is going to zero is a given as I explained yesterday HERE. But now we need to know why Canaccord quit on May 26 as Nomad. I suggest the reason in this podcast and call for a wider AIM Casino rule change on Nomad resignations. Then it is on to 2 CEO resignations. The bombastic prick David Williams has gone from drowning in debt Avanti Communications (AVN). Avanti is toast but I run through the red flags pertaining to Williams himself and ask a question about his payoff for failure. As for Redcentric (RCN) can I claim this as a scalp? Frazer Fisher must have known about the mega payroll fraud of March 31 2016 as I revealed HERE. Yet he trousered a big 2016 bonus and sold stacks of shares just after publishing the 2016 number which he KNEW WERE CROOK. This departure is to avoid him being in situe when the FCA, FRC and SFO announce their findings. Actually can the Sheriff claim a scalp on the bombastic prick Williams too? I got the FRC to pan his company and exposed all sorts of Avanti red flags and naughtiness. Two scalps in a day - ouzo time?
10 hours ago | By Tom Winnifrith |
Following complaints from shamed share ramper Roger Lawson, ADVFN has insisted on a raft of new editorial controls on OneFreeShareTip.com. I did not re-start my life five years ago to be told what I could or could not write. I said no and ADVFN boss Clem Chambers has just said that the website will be shut down. So...our hand is forced ... Welcome to fivefreesharetips.com - we hope you join NOW HERE.
3 days ago | By Tom Winnifrith |
Just three months ago some of Britain's top fund managers ploughed more than 50 million dollars into a placing organised by AIM dog Telit Communications despite numerous warnings from ourselves and others. But they knew better and anyhow it was other people's money. The shares have collapsed today to less than half the placing price after the most awful set of interims. But the fund managers will still earn Inter City salaries + ( more than 125) and fat bonuses so who cares? Are there any folks in the share world dumber than those fund managers? Er....
7 days ago | By Tom Winnifrith, The Sheriff of AIM |
This is a very simple contest. Heck Oozi Cats, formerly of Telit Communications (RCM), you have time on your hands right now so why not enter! "don't talk about time" Mr Sheriff please!" said Uzi, Sorry Oozi. I digress. Please look at the four images below and tell us which is the odd one out and why. I have added a musical hint on the fourth one. Post your entries in the comments section below with a deadline of midnight Thursday
With its shares having been above 20p at the start of 2017 and still above 19p in June as it attempted to mitigate “we continue to look forward with confidence”, Surface Transforms (SCE) has announced the final result of a fundraising which it has emphasised has seen a “most encouraging response from shareholders”. At what price per share again?...
7 days ago | By Malcolm Stacey |
Hello Share Creepers. We really do love it, don’t we, when one of our babies boosts its profits? Not its revenues, which oft mislead, but the real, honest to goodness, operating profits.
An “Offer Closed” announcement from the attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) has been met by a firm response from InterQuest’s independent director…
Yesterday was the tenth anniversary of the start of the Great Financial Crisis, the banking implosion that changed the world as it did the way we think about economics, finance and money. Have we learned the right lessons from this earthquake, such that we can prevent variant forms of it happening again, and if we can’t prevent them, are we at least better equipped to mitigate their crippling costs? On both counts, I sadly say a resounding no.
7 days ago | By Tom Winnifrith, The Sheriff of AIM |
You might have thought that the 1991 Boston Real Estate fraud was the only brush Telit Communications (TCM) boos Oozi Cats/ Uzi Katz had enjoyed with the law. Think again. Though there has been no RNS from Telit on the matter of the BAMES bankruptcy which saw 1400 Italians lose their jobs and a massive criminal investigation, perhaps it might give us an update now.
7 days ago | By Tom Winnifrith |
Little Steve Sanderson of UK Oil & Gas (UKOG) is a slimy little git. Do you remember the BBC expose where he was caught on camera making claims about Horse Hill which he then denied making? If you have forgotten about that shameful eipisode here is a reminder. Now the Weald Basin circus moves on to Broadford Bridge and this time it is more about what oily little Steve is NOT saying. Natch it is bad news he hides. Here is the timeline:
Marketing services group St. Ives (SIV) has announced results for its year ended 28th July 2017 “are expected to be at the top end of the range of current market expectations”. Sounds promising, but what are those expectations and their context?...
7 days ago | By Chris Bailey |
Who remembers the infamous zero pence share price target established by one 'teenage scribbler' broker on Glencore (GLEN) the thick end of a couple of years ago? Funnily enough, via a decent commodity marketing/trading business, a cute money raising and some decent tier 1 mining assets, Glencore shares did not trouble the scorers below even 50p and over the last 20 months have recovered back to levels seen four or five years back. Today's first half numbers continue that renaissance.
6 days ago | By Tom Winnifrith |
Snoozebox(ZZZ) interim results for the six months ended 30 June 2017 out yesterday showed a reduced loss of £1,006,000 down from £2,126,000 in the prior period. Worryingly for long suffering shareholders, the contribution to overheads was only £176,000 down from £986,000.
Following a June profit warning which saw them down to 200p, shares in DFS Furniture (DFS) had recovered to above 230p. They are currently though back below 220p on a “Post-Close Trading Update”…
6 days ago | By Nigel Somerville, the Deputy Sheriff of AIM |
The administrators to (suspended) AIM-listed RedX Pharma (RED) have published their proposals for the rescue of the group. The good news is that something will indeed be salvaged, but details of what went wrong look to raise serious questions of the company and its Nomad – none other than Cantor Fitzgerald. You might remember that name with reference to the African Potash (AFPO) fraud where it is to be sued for its negligence.
6 days ago | By Cynical Bear |
My last piece on Echo Energy (ECHO) looked at how connected party Greenberry was making a fortune out of the ramp and also looked at rather odd TR-1s. Well history is repeating itself and, as always expected, yesterday’s TR-1 shows how the other connected “institutional investor” here, Pegasus, has also made a very quick buck - not that it told anyone when it was doing so!
10 hours ago | By Tom Winnifrith |
Following complaints from shamed share ramper Roger Lawson, ADVFN has insisted on a raft of new editorial controls on OneFreeShareTip.com. I did not re-start my life five years ago to be told what I could or could not write. I said no and ADVFN boss Clem Chambers has just said that the website will be shut down. So...our hand is forced ... Welcome to fivefreesharetips.com - we hope you join NOW HERE.
2 days ago | By Tom Winnifrith |
Relief for Telit (TCM) bulls came at 4.05 PM Monday with news that Davide Serra had bought 1.6 million shares in Telit last week taking his holding from sub 3 to 4%. He only submitted his TR1 after the weekend but paying 160p-180p AFTER we exposed the, then, CEO Oozi cats as the Boston fraudster he clearly knew better than we did. But where did that name Davide Sella ring a bell?
16 hours ago | By Tom Winnifrith, The Sheriff of AIM |
On the morning of 15 August 2017 Sam Smith the curvaceous founder and CEO of Nomad FinnCap sent an email to all her crony capitalist pals across the City boasting about her new bestest friends. That was a mistake methinks. This is all a tad embarrassing as you can see below.
2 days ago | By Tom Winnifrith |
We have already seen that a former Telit (TCM) chairman got sent to the slammer in Israel for fraud. Yesterday it was admitted that - as we revealed a week earlier - the founder, CEO and largest shareholder Oozi cats was also a fraudster and when IPO'ing Telit a fugutive from US justice. But despite compelling evidence from us HERE the rest of the board say Telit is not a fraud. And the folks at the bicycle repair store HERE which it claims to be its Vietnamese distribotor agree. So the rest of the board, all appointed by Oozi are squeaky clean right? Er...
2 days ago | By Tom Winnifrith, The Sheriff of AIM |
Andalas Energy (ADL) and its loathsome boss Dave "the rule breaker" Whitby represent all is worst about the AIM Casino. The company is worthless and its sole achievement has been an industrial scale transfer of wealth from the many to the few. Even by its own tawdry standards yesterday was a low point and it is a matter that I shall now be asking the authoriies to investigate as, blatant, market abuse. But first we must rewind to August 8.
10 hours ago | By Pizza Hardman & Hackney Marxist Darren Atwater |
As seen here, Telit's (TCM) distributers are a, um, diverse lot, including a distributer in Vietnam that appears to be a scooter courier firm. Which is nice, and thank you for sponsoring this week's Bulletin Board Moron search.
12 hours ago | By Tom Winnifrith, The Sheriff of AIM |
The board of Telit (TCM) the fraud whose CEO until last week was an undeclared fugitive from justice sure has some colourful chappies in senior posts. There was Uzi Katz, the Boston fraudster himself. Then we had former chairman Avigdor Kelner who has only recently emerged from a stretch in the slammer in Israel. Yesterday we met "colourful" NED Ram Zeevi as I published some US Court papers concerning him. Now meet Eran Edri.
Previously described as an A-grade howler HERE, there is now a strange-time “Trading Update” announcement from Management Resource Solutions (MRS). Strangely timed such announcements are very seldom good news and, combined with the track record here, I’m guessing there’s only one scenario…
10 hours ago | By Tom Winnifrith, The Sheriff of AIM |
This is not the first time that Buishveld Minerals (BMN) has engaged in truly sordid and shoddy ramping to get a placing away. Perhaps you remember this expose HERE which allowed me to crack a massively tasteless joke about blow jobs. The point is that pre-placing ramping back last fall left those suckered in with a really bad taste in the mouth. Wind forward to yesterday.
Having reached above 12p in February before falling back, including post a trading update in June, shares in CAP-XX (CPX) have currently returned to those prior highs on the back of a “First high-volume order for Thinline” announcement. Why “high-volume” though rather than an actual number? Ramptastic?...
2 days ago | By Cynical Bear |
After months of promises and delays, Jim Mellon's FastForward Innovations (FFWD) finally provided further details of the potential merger of investee company Schoold with Lingo Media this morning. I can see why it was reticent about making the announcement as it doesn’t make pretty reading.
11 hours ago | By Tom Winnifrith, The Sheriff of AIM |
Back before the world went crazy in the nineties when folks committed or abetted financial wrongdoing they were named, shamed and punished as individuals. That was a real deterrent to crime. Then the world changed and we started fining corporations, banks, accountants and other advisers. The regulators announce seemingly large fines which meant they got newspaper headlines and seemed smart. But the banks and other advisers just treated the fines as a cost of business and so were not deterred from breaking the rules going forward. At least my very good friends at the Financial Reporting Council seems to appreciate that. The FRC is, as such, the UK's best regulator.
1 day ago | By Nigel Somerville, the Deputy Sheriff of AIM |
Anyone still holding shares in Nyota Minerals (NYO) is staring down the barrel as suspension looms at the close of trading tomorrow, in the absence of the appointment of a new Nomad and Broker.
16 hours ago | By Steve Moore |
A 1:30pm “Notice of Results & Trading Update” announcement from Laura Ashley (ALY). With the time of it and “Notice of Results” stated first, surely just a routine announcement? Right?...
10 hours ago | By Steve Moore |
From the same stable as Entu (DISGRACEFUL: having only IPO’d on AIM in October 2014, now “all of the proposals received attribute little value to the equity”), a “Half Year Trading Update and Notice of Results” announcement from Epwin Group (EPWN)…
16 hours ago | By Nigel Somerville, the Deputy Sheriff of AIM |
AIM-listed Nyota Minerals (NYO) announced a company update last night at no-one-is-watching o’clock. The good news is that we were watching, the bad news for anyone left holding the stock is that Peterhouse is planning to “unresign” itself if the company can attract a Nomad before it is kicked off AIM altogether, with a potential placing at a “substantial discount” to last night’s closing price.
2 days ago | By Malcolm Stacey |
Hello, Share Takers. I’m not a great fan of Greggs (GRG) the baker. I rather disapprove of the sugary confections you see in its shop windows. This may be because of my dodgy teeth. But they do a very wholesome seeded loaf which is a mainstay of this family’s kitchen.
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