Limitless Earth – AIM’s worst FD strikes again with accounts that are sheer fantasy

Published 3 September 2020, 09:18

Limitless Earth Plc (LME) has published its annual report for the year ended 31 January 2020 which was approved on 30 July 2020.  Readers might recall that in my previous article I called out a number of issues with respect to the accounts as prepared by Nilesh Jagatia, a man who is, without doubt, the worst FD on the AIM Casino. And the competition for that title is truly intense.

EXPOSE: Inspirit Energy Holdings – shocking accounts and bailout discounted placing ahoy

Published 30 December 2021, 10:34

Inspirit (INSP) snuck out its piss poor results on 29 December at 5.30 pm and today sees its shares down around 14%. You don’t need to be Mystic fecking Meg to know what comes next but a detailed interrogation of those results throws up some ginormous new red flags.

Crowdfunding appeal launched to take Jason Drummond & Nilesh Jagatia of Teathers infamy to court over Purple Lounge & Media Corp

Published 31 May 2017, 01:15

A crowdfunding appeal has been launched to take Jason Drummond & Nilesh Jagatia of Teathers (TEA) infamy to the High Court over a previous debacle Purple Lounge & AIM listed (now bust) Media Corp. It is claimed that investors were misled and also that client funds at Purple Lounge went missing. The allegations, and at this stage they are allegations, are very serious indeed.

Exclusive: Teathers Financial tries to bully its own shareholders - they stand firm: the board will be sacked!

Published 24 May 2016, 07:30

I have obtained emails that show clearly how the board of Teather's Financial (TEA) have tried to bully dissident shareholders into not ousting the directors who are culpable as it gets slung off the AIM. The bullying has not worked. The board will be sacked.

Octagonal - Final Report: Is that really fair Vicar?

Published 20 August 2016, 03:36

Now that Teathers (TEA) disgraced Nilesh Jagatia has finally published accounts for another AIM POS, we can have a look at how Octagonal (OCT) has valued its investments. We start by looking at City Golf Clubs Limited.

Letter To AIM Regulation: Inspirit Accounts FY23

Published 4 January 2024, 09:38

Yesterday I pointed out a howling error in the FY23 accounts of AIM-listed Inspirit Energy Holdings (INSP) by the most successful FD on AIM, Nilesh Jagatia. Added to the series of errors already pointed out by Tom Winnifrith, I would suggest the accounts are a total joke already. But the Going Concern statement is, to me, a rather more serious statement to foul up. As such, I have dropped a line to your good friends and mine, the Oxymorons at AIM Regulation.

Inspirit – Debt Repayment…..Questions, Questions For This Total Shambles

Published 3 January 2024, 09:07

AIM-listed POS Inspirit Energy Holdings (INSP) announced intra-day yesterday (at 2.39pm, whilst Nomad Roland “Fatty” Cornish was delving into his fourth extra portion of spotted dick with lashings of custard) that it had repaid a debt facility. Good news…..for the lender, Riverfort. The announcement was a tad opaque – being inquisitive, I had to take a look but the more I looked, the more questions I had, including another screw-up by FD Nilesh Jagatia.

Discredited Teathers director Nilesh Jagatia has form in failing to produce accounts on time

Published 14 June 2016, 04:41

It seems that Nilesh Jagatia, discredited director of Teathers Financial (TEA), has got recent form when it comes to failing to submit accounts by the statutory deadline. Mr Jagatia is finance directors of a number of Plcs, including one of my old favourites, the piece of Turkish that is Inspirit Energy (INSP). Just like Teathers, in December last year Inspirit received a First Gazette to strike the company off the register of companies for failing to provide its accounts on time. What is it that Mr Jagatia doesn’t understand about the legal requirements concerning his job?

Tom Winnifrith Bonus Bearcast: Teathers/Drummonds/MediaCorp scandal the darkest day yet for the useless bastards at AIM Regulation

Published 18 June 2016, 03:30

The earlier piece on the Drummonds, Nilesh Jagatia and the Media Corp scandal needs to be read in full. What horrifies me is that it shows that AIM Regulation knew everything in July 2014 but failed to act.  The Bogus Sheriff of AIM, Marcus Stuttard, should either resign on Monday morning or find out who failed to protect investors, sack him and agree to compensate anyone who has lost money in Teathers Financial (TEA) and possibly Inspirit (INSP) as well. I warn you that I use bad language in this bonus podcast as I am furious with the Oxymorons at AIM Regulation over this appalling failure.

Inspirit Energy Holdings – How Long Can The Company Survive As Yet Another Breach Is Noted By Companies House

Published 18 April 2022, 11:54

I haven’t commented on AIM-listed Inspirit Energy Holdings (INSP) for some time – not since June 2021 although Tom Winnifrith stuck his boot in over Christmas 2021, identifying a stack of ginormous new Red Flags. But the recent Interims (to 31 December 2021) and yet another breach of the law by the company (presumably at the behest of AIM’s worst FD, Mr Nilesh Jagatia, whose past sins appear to include charging his shopping at Sainsbury’s on a company credit card) drew my attention.

Norwegian E24 goes after Chris Rynning (formerly of F40 Origo) - part 2: the company credit card

Published 14 May 2019, 15:44

This gets worse and worse for Chris Rynning, the former boss of ShareProphets AIM-China Filthy Forty play Origo Partners (OPP). Having discussed how a billion Kroner disappeared to tax-havens under this self-styled China expert, today E24 looks at the company credit card. If you thought Nilesh Jagatia of Teathers (TEA), Insprit (INSP) and Octagonal (OCT) was, ahem, generous (to himself), this appears to take the biscuit.

Gotcha! Inspirit ‘Fesses Up But Is It Still Misleading? Another Letter To AIM Regulation!

Published 9 January 2024, 16:54

Last week I wrote to AIM Regulation, noting another AIM finance director of the year (not!) foul-up by Nilesh Jagatia regarding the FY23 accounts of AIM-listed Inspirit Energy (INSP). Last night, at 4.04pm, the company released a statement which I wonder if it is still attempting to mislead. As such, another missive to AIM Regulation follows…..

Octagonal - another comedy classic from Fatty Cornish and another win for the Sheriff

Published 18 July 2016, 12:26

Earlier today I flagged up that John Gunn run POS enterprise Octagonal (OCT) had, in April, promised results in June but had not only not published its numbers (never a good sign) but had also parted company with its auditor last month but not told anyone about it. In direct response to MY ARTICLE HERE, Octagonal fished its corpulent and useless Nomad Roland "Fatty" Cornish out of his four course luncheon to issue a statement. It is another comedy classic from Fatty. Boy he does know how to tell em.

Red Flags upon Red Flags at Night: Inspirit Energy

Published 28 December 2020, 08:03

The pressure must surely be mounting on Roland “Fatty” Cornish as he tucks into his fourth helping of spotted dick with extra lashings of custard this Sunday lunchtime. The shambles at AIM-listed Octagonal (OCT) where he presides as (London’s worst) Nomad is a shocker, as detailed by Tom Winnifrith HERE. But fellow AIM-listed Inspirit Energy (INSP) – same Nomad, same finance director, same head honcho in the form of John Gunn – is surely at risk of suspension this coming week, and it released diabolical FY results to June at 11.22 am on Christmas Eve.   

Trouble at t’ Mill brewing in Inspirit's boiler room as 6.5% holder launches blistering attack

Published 26 August 2020, 14:49

AIM-listed boiler-room Inspirit Energy (INSP) has been a long-term non-performer on the Casino ever since the reversal of its technology (having failed as a private company) was reversed into Kleenair Systems in 2013. Almost anyone who has had the misfortune of investing here will be nursing very heavy losses, and the company seems to have little or nothing to show for the last 7 years as an AIM Casino chip. But now the company is under attack from 6.5% holder Chris Heminway, who launched a scathing attack late on Monday via the RNS system.

Octagonal Accounts - the dealings with Inspirit, how cosy: what a small world

Published 21 August 2016, 10:53

We know from an Inspirit Energy Holdings (INSP) announcement on 17 May 2016 that Octagonal (OCT) remains a major shareholder in Inspirit and that John Gunn is a director of both Inspirit and also Octagonal. This really is a cosy old relationship between the two AIM POS companies.

Alpha Growth: why still no Prospectus and will it get its 2nd interims restated in time to avoid a suspension?

Published 30 October 2021, 12:18

Friday saw the publication of Alpha’s (ALGW) second interim results albeit no Prospectus has yet appeared on the FCA register of Prospectus almost 8 months after the placing occurred.  I show below why the results need to be restated dramatically. 

EXCLUSIVE: Inspirit Energy - cash run out? Supplier has to go to Court to get paid

Published 11 November 2016, 06:02

Oh dear. Oh dear. It looks as if the cash position at John Gunn's boiler room Inspirit Energy (INSP) is getting so very tight indeed. With the shares slipping to just 0.24p to sell and there being no sign of jam tomorrow being turned into anything resembling an order, we have just been passed judgement in a court case which closed this week.

Inspirit Bailout Placing - tell me there was no market abuse here: look at the chart

Published 3 May 2017, 08:32

Look at the daily chart below. Tell me there was no insider dealing or market abuse going on here. It is that of Inspirit Energy (INSP). And then at 2.10 PM we finally had two announcements.

Inspirit Energy – half-year results claim “adequate resources”. Really?...

Published 10 April 2017, 04:42

Having featured in the ‘New Year bury bad news stakes’ and with questions having been raised about CFO Nilesh Jagatia, I note shares in Inspirit Energy (INSP) remain in the doldrums following half-year results announced on 31st March. I also note the announcement was made at 9.49am. An attempt to miss the usual 7am RNS scrutiny?...