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In today's late bearcast I relay a stressful experience in the Post Office and the discovery of ouzo in my local Sainsbury. Is it just for me do you think? Cloudtag (CTAG) was caught telling porkies AGAIN, this time by Nigel, and I discuss that. I discuss React (REAT) shares in which we own. Then I look at Servision (SEV) and finally note Drunken Sailor's revelation on United Cocao (CHOC). And there is news about what is in store between now and Boxing day.
We picked up some of these shares at the Dragon's Den pitch at the UK Investor Show. We sold this morning at a loss and in disgust at 91p. The order was just to sell after United Cacao (CHOC) served up the most god-awful trading statement on a day when most folks are just not around but are off doing Christmas shite. Sadly for Cacao Scrooge's biggest fan is at his desk and my comments on this horror are in bold.
As you may remember, by February 14 AIM listed Strat Aero - a company that has committed fraud - will be both out of cash and £300,000 in debt to a loan shark. As it munches its way through a hundred grand a month the outlook looks bleak, in fact it looks terminal. This has 0p written all over it. The man who exposed the frauds we know about is a chap called Hulsey Smith who was given a stack of cash and 12% of the equity to settle a legal case and shut up. And so today we learn that Hulsey has been dumping more shares.
On the third day in the town of Banstead in the province of Norfolk, Jesus and his disciples were engaged in morning prayers with the rich man in whose house, registered in the name of his wife, they were staying.
Having soared above 600p in October and reached more than 700p in November, shares in palm oil producer M. P. Evans (MPE) are currently back at around 550p following the offer for the company lapsing. You can’t say you weren’t warned…
As the year draws to a close it is only natural that we look back on the past twelve months. And it has been twelve months of achievement. It is a great achievement in that our writers have continued to write exactly what they want without any editorial interference. So Cynical Bear & Gary Newman have knocked shares I own. So what? We really do support free speech. And it has been a year when we have "dealt with" more frauds and lies on the AIM casino and the main market than ever before. That really is the USP of ShareProphets.
And so today we have another revelation, this time from Nigel, showing how the rotters at Cloudtag (CTAG) have once again lied to investors in an RNS. I say once again because we have now lost track of the number of times this has happened. And the lies have been told with deliberate purpose: to pump the share price to allow both insiders and those backing placing after placing to dump stock at inflated prices. This is fraud. Yet Nomad Cairn continues to sign off on these lies issued via RNS, to tolerate CEO Amit lying in podcasts and videos to ramp the shares. So I have written once again to Cairn and cc'd in AIM Regulation
In the most recent statement from LGO Energy (LGO) much was made about how the board was showing restraint at the corporate trough. Shareholders may have seen the shares collapse from 6p+ to just 0.11p but "we are all in it together". Nope! This is a smokescreen.
Well surprise, surprise. AIM-listed CloudTag (CTAG) gets its shares unsuspended and a few days later L1 converts another batch of loan notes, as announced in last night's no-one-is-watching o’clock RNS. OK, no great surprises so far – especially in view of the price action since the suspension was lifted. But look at the terms: has there been a a material and previously unannounced change, and if so, when?
Having recently required a “£3 million increase of committed banking facilities and relaxation of financial covenants”, Hayward Tyler (HAYT) is now “pleased to announce” an issue of loan notes…
Hello Share Carollers. Despite Wild Rides’ consistent scepticism, I still favour investing in all of the four biggest banks at the mo. The recent rallies of Barclays (BARC) RBS (RBS) Lloyds(LLOY) and the Honkers Bonkers (HSBA) surely support this view.
Getting my excuses in early: if I make any errors it is because I cannot see properly for reasons I explain. I then look at Aortech (AOR), Eden (FRAUD), Aurum Mining (AUR) as in David Williams, Karelian Diamonds (KDR), Falanx (FLX), in real detail FastForward (FFWD), another hugely overvalued ramp in which my good friend Jim Mellon is involved and finally Hotel Chocolat (HOTC) where I have misgivings. For photos of chocolate as art taken by me on Monday go HERE
Having announced on 2 December that it had drawn another £1 million from its secured funding package, leaving me wondering how long it would be before the company had to get out the begging bowl, AIM-listed Cloudbuy (CBUY) has at least delivered on its promise of a trading statement before the end of the year, if not yet the lorry-loads of Hartleys long overdue.
Talk about incompetence. This gem is from ISDX listed FT8 PMC ( GFT) and I can do no more that run the statement below with my comments in bold. Words just fail me.
Recent share tip of ours Zytronic (ZYT) has announced results for its year ended 30th September 2016 and that its new “year has started well with orders, revenue and current trading ahead of the same period last year”.
This does not seem to be a wonderful time of the year for leather goods producer Pittards (PTD). In 2014, there was shocking news it didn’t tell of, last year a 23rd December “materially below” expectations profit warning and this year we now have a “Situation in Ethiopia and Trading Update” announcement. As you may have guessed, it ain't good...
Today's end of year trading statement from Eden Research (EDEN) is a disaster. It does its best to distract you from a looming cash crunch and a profits warning but what it also makes clear is that the Terpenetech deal of August 2015 was a fraud. How do we know? Because it is not mentioned. It is swept under the carpet. FRAUD, FRAUD, FRAUD I say again FRAUD.
I only wrote about Mercom Capital (MCC) at the weekend commenting on the strange goings-on, particularly the share price continuing to hit new highs on hype and hope alone (and a lot of Calvet buying!) at the same time as the funding round being reduced. Today’s announcement of further changes to the proposal adds to the mystery.
Those who lost money on Teathers Financial (TEA) must have assumed that there would be no stockmarket comeback for those involved in incidents such as THIS and THIS as well as the complete wipeout for shareholders. No self respecting adviser would inflict another such creation on public markets would they. But we reckoned without London's worst Nomad, the tax averse Mr Roland "Fatty" Cornish.
Ok miserable bastards. I have a train walk with Joshua tonight, a very long one on Sunday ( to Chew I think) and then the big 32 miler in just eight days. So donate to Woodlarks NOW! HERE. In the podcast I look at ersarien (VRS), Optibiotix (OPTI), Big Sofa (BST), Sosandar (SOS), Audioboom (BOOM), Wh Ireland (WHI), Symphony Environmental (SYM) and Feedback (FDBK)
I travel Easyjet (EZY) often. In the winter it is Bristol to Athens and back, in the summer it is Gatwick to Kalamata and back. Usually it is no worse and no better than any other budget airline. Not that I really care but I just want to point out a quite obvious scam it inflicts on its passengers.
Thank God for small mercies. Now we can start a rota on who has to listen to Brokerman Dan blathering on about blockchain and what a frigging genius Clem Chambers is. For now there is a third rogue blogger joining us as we walk the 32 miles from Horse Hill to Woodlarks on July 28. He is a man who knows Horse Hill well…
Okay the video is from blowjob TV that is to say Proactive from yesterday and thus the interviewer makes Zak Mir look like Jeremy Paxman. But, remembering that chairman Davidson has a reputation to lose, take note of what he implies about buying even more shares and also about deals not yet announced. His quiet confidence is clear and that is why even at 86p-88p you would be certifiable if you sold. We certainly will not be at anywhere near this level.
The management of Falanx (FLX) are nice guys but do themselves no favours. Issuing, albeit small amounts, of shares at rock bottom process for small itty bitty acquisitions is rarely a strategy that is value accretive. Delaying your results does not impress anyone although the company has a plausible excuse. Doing a major placing at 4.5p when not long before your shares were 9p really f**ks off we loyal shareholders. Suffice to say, the statement accompanying those results in a couple of week’s time is going to have to be pretty hot.
I called AIM-listed Sosandar a buy at 13p, moved to hold at 20p and suggested taking a slice of money off the table at 25p (I got over 27p). I still hold a shade over 75% of my holding so I’m still long, but the shares have moved up further to close yesterday at 32.7p, having peaked at 34.7p. So perhaps I was wrong to be such a coward and cash in so quickly. But I am deliriously happy, with a good chunk of my original stake banked, a whopping profit on the rest and seemingly plenty more to come.
As we all know, Frontera resources (FRR) is out of cash. It is running on fumes. It is desperate to pump the stock any way it can to get away an emergency placing needed to survive. The only question is how big a discount will the bucket shops demand. It is against this background that it released a dismal operational update yesterday. Only a fool or a paid ramper like the whore Blogger, fat bastard, aka Malcolm Graham Wood would describe it as anything other than the usual shite.
It is easy to dismiss Versarien (VRS) as just another overhyped AIM stock but, as today’s results show, that does not do it justice. It is currently in a class of its own. In fact, I would say you have to go back more than a decade to Pursuit Dynamics to find something with a valuation, pound for pound, as unhinged as this one.
Oh dear, oh dear, the cutlure of legging over regulators with false submissions at the Ariadne ponzi scheme headed up by Julie "lingerie on expenses" Meyer seems endemic. In this email thread below followed by the filing submitted by Meyer herself we see Malta employee Chris Cachia and ex in house lawyer Peter Bradley discussing how to avoid financial penalties for Ariadne in Malta by not telling the truth about the date a key officer, Peter Hale, actually resigned. Natch I have passed this on to the MFSA for it to consider as part of its ongoing and wide ranging investigatiuons into Ariadne and Ms Meyer.
Payment platform company, Bango (BGO) has updated “on trading for the six months ended 30 June 2018”. This commences “End User Spend (EUS) continues its four-year growth trend of at least doubling every twelve months. The total EUS for 1h2018 was £220m compared with £92m in 1h2017, and £271m for all of 2017. As in previous years, EUS in the second half of the year is expected to be significantly higher than in the first”. Er, ok – but that is not about how the company is trading. What about financials?...
Previously writing on online electrical retailer AO World (AO.), I noted a trading statement argues progress but questioned the valuation. The shares have since risen to 180p before falling back somewhat - and are currently at 145p on the back of an AGM trading update…
Hello Share Pickers. I've ventured to suggest recently that airline shares may be a bit too risky at the mo. It's the headwind of the rising oil price that puts me off. You'd be amazed at the huge volumes of the ebony nectar they devour to keep a million passengers aloft at any one time.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Another day, another release from fraud Follie Follie to the Greek Stock Exchange and, as we all suspected, it is the bogus Chinese operations that were at the heart of this fraud.
Last year I concluded that shares in financial advisory group, Lighthouse (LGT) could prove good value at 11.75p and that the valuation continued to look undemanding at circa 14p. I updated earlier this year at 24p, suggesting that the valuation fair enough at this juncture – though now write again with the shares currently further higher, above 37p, on the back of a trading update…
We tipped shares in the then Molins, Mpac Group (MPAC) at a 125p offer price in June last year. They recently returned above 200p, but now have been hit by a half-year trading update…
Hello Share Takers. So that upmarket clothes manufacturer and seller Burberry (BRBY) has been destroying its own stuff. It burned clothes, perfumes and other items to the tune of £28 million pounds in 2017. Why?
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