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This video rather slipped down the sofa but was a bonus session from the great Luke Johnson in a breakout room at the UK Investor Show on what makes a great entrepreneur.
Julie Meyer's laughable insistence that Maltese Regulators at the MSFA have only suspended her license because she stated this month that the Island was no place to do business and that she would quit, have infuriated the regulatory wallahs in the Mediterranean isle. Quite simply Meyer is lying and the Winnileaks service has got its mitts on an official email from the MSFA to Meyer from November 2017 that proves that but also that Meyer has defrauded an investor. I publish that email below.
Hello, Share Smashers. With the price of homes retreating, you might be tempted to stay away from house builders. But one company I think might continue to do well is Berkeley Group (BKG). I’ve covered this sprightly builder a few times over the last year or so and the trend has always been up. Other builders have struggled, but not this one.
Another day and another fake news press release lands from cash strapped devout Christian Julie Meyer signed off by her new lawyer from Farrer & Co. Gosh I want to see the Farrer bitchez in Court on this one... On Friday the Maltese regulator the MSFA suspended Meyer's license to operate on the island (and thus under passporting rules anywhere in the EU) and made a damning statement as you can see HERE. Meyer's response is fake news so I serve it up with a Shareprophets translation service. Fake News from Farrer & Co is in italics.
Kosovo and the Balkans region marble quarrier Fox Marble (FOX) has announced 2017 results, including that “sales have been lower than expected” but that it “has made important progress over the year… Our factory in Kosovo is now fully operational, we have entered into a number of promising sales agreements, and we are beginning to see momentum building in the demand for our marble”…
It wasn’t a great week, last week, for shareholders of companies starting with Inter. Whilst Interquest (ITQ) served up an after-hours notice of an EGM with proposals to delist the company and a derisory offer at 24p on Friday (at 5.22pm!), Interserve (IRV) announced at 7am that is was the subject of an FCA investigation regarding its market disclosures between 15 July 2016 and 20 February 2017 in relation to its (now) exited Energy-from-Waste business. I’m completely with Tom Winnifrith on the former. On the latter, however, the FCA seems to be missing its target completely on this issue.
Serica Energy (SQZ) has been one of my best performing share tips ever, but following recent developments now would seem to be a good time to bank some profit, if you haven’t already done so.
Oh dear, oh dear, a bad week for devout Christian Julie Meyer is about to get worse. It is not that the communion wine was off today but the Winnileaks service has just come up trumps again. Having suffered regulatory suspension in Malta (see HERE) and facing criminal charges in the same country (see HERE) as well as an HMRC probe in the UK (see HERE) and a lawsuit from Henry Gewanter (see HERE) with more lawsuits from those to whom she owes cash to follow, now we have a devestating email sent by her Entrepreneur Country operation less than seven weeks ago which has arrived with Winnileaks. Ouch.
Comedy from across the pond where things have taken a turn for the worse for ex-Milestone favourite Lyin' Larry Cummins and his latest ex-employer, Black Cactus Global (OTC: BLGI), which has been forced to put out a hilarious mea culpa. Wonder who’s been ramping wildly?
Okay those may be the names best known to readers of this site but the panel also included two other wise heads, Ayan Mitra (Code Investing) and veteran gold guru Malcolm Burne (JP Jenkins)
I have the same conversations with people all of the time: why should I read ShareProphets, a muckraking, little-known website, when I already subscribe to the FT?
The 3xs are the best friend of a fraudbuster or an investigative journalist and right now xs are lining up to me to chat about Julie Meyer. The Winnileaks service is buzzing. Julie's reign of terror over the xs is over. Away from that I comment on whether it is better to travel to arrive, the idea that UK Equities have only been this cheap during world wars - bollocks in the Telegraph - Interquest (ITQ) whose management are A grade a'holes and Westminster Group (ditto) where the issue is not where earnings will be in 4 years as our in-house BB loon Wildes suggests - but whether the company will be bust in 4 weeks.
Did you see Friday's AGM trading update from oil services company John Wood Group (WG.)? Obviously I was all over it like a rash given it was one of my two tips of the year in late December and - as I noted here - a couple of months ago or so, it had a slightly sluggish start. The better news is that after Friday's move the stock is now back to where it started the year - and I think we go higher from here.
As you can see below, Julie Meyer and her crumbling Ariadne empire are only allowed to conduct financial business - such as managing her crappy fund - in the UK thanks to an EU passport from her Maltese authorisation. With that now suspended how soon will the FCA update the page below. More importantly...
A time for celebration as one of the Seven Mythical Creatures has become a reality this month with the long awaited launch of the Melody VR app from EVR Holdings (EVRH). We may never see such events again or at least not the share price anyway.
Oh dear. Oh dear. Losing her Maltese regulatory license yesterday was bad enough for Julie Meyer MBE. Having the HMRC open an investigation on Thursday was also bad. And having Maltese magistrates blast her on Wednesday about her fleeing criminal charges was really bad. Now it gets worse as an email from the devout Christian has emerged (see below) which begs the question as to whether Julie Meyer attempted to defraud investors in 2017. Did she commit fraud? Judge for yourself...
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...
Praise be the Lord! This evening the Maltese Regulator, the MSFA, has finally acted - as I predicted it would two days ago HERE. It has stated that, having been investigating devout Christian Julie Meyer personally as well as Ariadne Capital Malta Limited - her regulated operation - since last November, it has today suspended its license to operate with immediate effect. The statement is no holds barred. The MSFA opines:
Hello, Share Starters. Many of my friends still believe in the hoary Stock Market saying, ‘Go away in May’. It ends ‘Come back on St Leger Day’. Coming from the racehorse centre of Doncaster I know that means we should start trading again in the first week in September.
AIM-listed Bowleven (BLVN) has announced the arrival of the Topaz driller rig in Cameroon waters. The rig is contracted for 150 days to perform the two-well appraisal drilling campaign on the Etinde asset, with first spud due by the end of this month.
As I head off to Greece later this week it will be to start training at altitude in the Taygetos Mountains. Only kidding. But i have been taking to the gym and starting some modest walks. I really do not want to be shown up too badly on 28 July when Brokerman Dan Levi and I walk from Horse Hill to Woodlarks.
There is no prize but are you "freaking cleverer than God" and able to spot the odd one out? The answer I see has nothing to do with nationality or religion. Post your answers in the comment section below. Our four angels are former Tory leader Iain Duncan Smith, Praise The Lord Julie Meyer, divine actress Jennifer Aniston and shamed ex Sefton boss Jimmyliar Ellerton. Do your worst...
Forgive the late bearcast. Blame it on Greek Hovel business. In today's podcast I look at Folli Follie, shares in which are slumping again as I warned you the other day HERE - tomorrow might be D (for Death) Day. I then take up Andrew Monk on AIQ (AIQ), Petra Diamonds (PDL) and the idea of consolidating brokers and Nomads via M&A. It makes no sense Andrew. Then I look at the GoTech (GOT) shambles - its now a dope play but frankly you must be a dope to own this stock. Then I cover Optibiotix (OPTI) again with a point folks like Cynical Bear have missed. Finally its i3 Energy (I3E). Thanks to those who have sponsored me as I suffer the dual agonies of walking 30 miles and having to listen to Brokerman Dan drone on all day, but 99% of bearcast listeners have not yet donated a tenner. Please do so HERE
With Julie Meyer telling the US taxman, the IRS, that she has just £500 in cash and owing money to three banks, the IRS and HMRC, you might think that her personal situation could not get any worse. Well perhaps it could. I refer you to the administrators preliminary report into the demise of Ariadne Capital Limited below.
I previously covered AIM-listed Victoria Oil and Gas (VOG) with reference to an after-hours warning issued after market close, but during the auction. It looked terrible, but there were mitigating factors which looked to have combined in an unfortunate fashion. This morning Victoria has issued a Q1 trading update. It is not pretty, but I have to take my hat off to the company this morning, for it gives full numbers and investors can make a rational decision.
In the latest trove of Julie Meyer documents emerging at Winnileaks we find a cracking case of another supplier to Ariadne Capital Limited ( now in administration) having to take it to the High Court to get paid. But I wonder was it paid? And was Ariadne's in house lawyer Peter Bradley entirely upfront with the Court. For the avoidance of doubt, Bradley is a good man but I suspect that he is also a "Good German."
As each day goes by we discover yet another institution to whom Julie Meyer MBE owes money. Already we have identified the IRS,HMRC and two banks. Thanks to Winnileaks here, below, is a third, HSBC. One wonder if any of her creditors know about all the others and if that is going to make one especially jumpy and demand immediate repayment rather than accepting a payment plan? that could be awkward. Meanwhile are her various creditors happy that she has retained uber expensive lawyer Julian Pike of Farrar & Co to act for her in a personal as well as a corporate capacity?
Hello, Share Scramblers. It seems to me that more people are adopting cats and dogs. There’s also more interest in more exotic pets. At my vet this week, I spotted a hen and something in a sinister box which the owner seemed afraid of. People are also taking more care of their pets, as many become a substitute for offspring who’ve fled the nest.
Hooray. After this week's doorstepping and podcast special and the work back in Bristol this is a great day. I suspect it is game over and discuss the probable demise of Folli Follie. Never buy a stock on a PE of 1. Elsewhere I look at rumours concerning Nomad Northland, at Echo Energy (ECHO), the fraud MySquar (MYSQ), my letter to Julie Meyer HERE, Sound Energy (SOU), Westminster Group (WSG) - with its revolting chairman ex Tory MP Tony Baldry - and Frontera (FRR) and its latest pre placing ramp. Now come on chaps, if you enjoy bearcast - and I know 1000 of you do every day - please donate £10 NOW to the Woodlarks charity walk - HERE
Another day...another retail stock. 'Tis the (reporting) season I guess. Today's offering is Kingfisher (KGF), which longer-term readers will know I have traded once before over the last year or so, buying sub 3 quid and moving out after a 10%+ gain plus some dividends. Well, as noted most recently here, the share has been kicking around the three quid level today and that interests me. So is my call to trade the DIY and related company again for a double digit plus target gain looking wise or not after today's Q1 update?
A reader says that if I invite Julie Meyer MBE to join myself and Brokerman Dan Levi on our sponsored 30 mile walk for Woodlarks on July 28 he will donate £400, if she turns up he will donate an additional £600. Why not? I am sure that Brokerman Dan would be happy to share some of his past experiences with her and that might prep Ms Meyer for her life going forward. The letter is below. Now how about you all donate a tenner each HERE.
It is now almost two weeks since the regulators at the Maltese FSA (MSFA) suspended the license of Julie Meyer to conduct financial activities including fund management. The word on the street is that the license will be cancelled altogether soon. But it seems that back in London the dozy fuckers round at the FCA still have not caught up and indeed are now derelict in their duty to protect consumers.
Last week Starcom (STAR) was “pleased to announce the launch of the latest iteration of its awarding winning intelligent padlock, the Watchlock Cube… the company has high expectations for the Cube due to its electronic shell being able to fit a variety of C10 padlocks from various manufacturers, its lower price and a far more durable battery life”. And now… “Placing” (surprise, surprise!)…
Back in January, I suggested selling Inspired Entertainment (NASDAQ - INSE) at $7.70 on the basis that a revised £2 maximum stake on Fixed Odds Betting Terminals (FOBTs) from the current £100 would cause serious problems for the company.
Bluebird Merchant Ventures (BMV) has announced further results from underground channel sampling at Kochang on in-situ ore left behind by the original miners – including emphasising “the samples show positive indications of high average gold and silver grades” and “orogenic deposits typically extend over 1 kilometre in depth and Kochang has only been developed to a depth of 150 metres”…
The first thing to note is that the NAV of Paternoster Resources (PRS) was 0.172p per share and that was 94% in cash and listed investments. One of the larger stakes was in I3 Energy (I3E), shares in which have rocketed in recent weeks - almost certainly unjustifiably but that is life. With overheads slashed by the new regime, the NAV could well be heading towards 0.2p per share. The shares are 0.08p-0.1p which makes them a cracking buy ahead of the next NAV statement.
ScotttheScott was almost there but not quite. Yesterday I asked you to suggest which of the four figures below was the odd one out: former Tory leader Iain Duncan Smith, devout Christian Julie Meyer MBE, divine actress Jennifer Aniston and shamed ex Sefton Boss JimmlyLiar Ellerton. I am shocked that Henry Gewanter who, heroically, ensured that MPs expenses were leaked and who used to act for Praise The Lord failed to get the right answer. That answer is:
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