The Pinsents Masons enquiry into Jim Ellerton just got a bit longer thanks to Dan Levi’s smoking bazooka revelation of yesterday which means that without ambiguity one can say that Jim Ellerton is a liar and a criminal. The only question is what sort of criminal? I discuss below where Jim will be prosecuted and for what and what this means for Sefton and me.
In this week’s video postcard Tom discusses why only bad companies such as Sefton and Cupid use lawyers to bully their critics. He also covers the joke outfit that is the AIM Regulation team.
With its own lawyer, Russell Booker of Pinsent Masons, admitting that the Sefton libel case against myself and Dan Levi is in tatters with its sole witness (liar and crook) Jim Ellerton having been booted off the board in disgrace and now (in Booker’s words) “discredited,” the way is open for Dan Levi and myself to launch claims against Sefton. Will this sink the ship?
David Franklin is chief strategist at Sprott Asset Management, the world’s best known resource stock investment company. In his latest missive he flags up something some investors seem to have missed – what is happening in Zimbabwe South, aka South Africa, which could sent gold prices shooting ahead. He writes:
Shares in electronic display and related technologies focused company Densitron (DSN) currently trade just over 4% lower today, at 5.75p (capitalising the company at £4 million), on the back of its results announcement for the first half of 2013. The following reviews…
The resurrection of Enables IT ( EIT) from the shambles that was Nexus seems to be accelerating and news today that non exec director Marcus Yeoman had bought 37,500 shares at 41.5p begs the question should you follow suit?
Infamous short seller Evil Knievil has, we can reveal, today purchased several million shares in Victoria Oil & Gas (VOG) at 1.33p.
Earlier this month I wrote on the boardroom fallout at AIM-listed Bglobal plc (BGBL) ahead of a General Meeting which had been requisitioned for 15th August seeking to remove Peter Kennedy from office and appoint, fellow shareholder Hawkwood Capital’s, John Grant as Chairman “to carry out the specific task of carrying out a strategic review of the company, which may or may not result in some or all of its business being sold”. The following updates on subsequent developments…
TomCo Energy (TOM) has seen its shares all over the shop of late, forcing the company to issue a statement saying there was nothing afoot. Could it just be that the shares are cheap? I think so.
Shares in leading global supplier of advanced semiconductor wafers IQE plc (IQE) were marked 4% higher yesterday to 29.75p-30.25p, on the back of an announcement that Solar Junction Corp has, on IQE high-volume, production-qualified wafers, set a new world record of 44.1% cell efficiency (certified by the National Renewable Energy Laboratory) for production scale concentrated photovoltaic wafer technology. This is just the start.
The U.S. Comex gold futures were flat on Thursday after dropping 0.18 percent on Wednesday when the July FOMC minutes were released. Gold prices were roughly unchanged week-to-Thursday although the gold futures traded up to $1,378 during Asia Friday morning. The Dollar Index rebounded 0.72 percent in the past two days to finish at 81.488 on Thursday.
Another day and another RNS from Sefton Resources (SER) but with two names missing. The liar and crook Ellerton is off the board temporarily until he is fired permanently next week while PR guru Alex Walters of Cadogan has also been hung out to dry. As to the content it is pitiful and misleading. The fingerprints of IR buffoon Doc Green are all over this.
Liar and crook Jim Ellertion has stepped aside pro tem from the board of Sefton Resources (SER). That is not enough he should resign at once without compensation and never darken Sefton’s doors again. Dan Levi (aka Brokerman Dan) has written by email to Mr Ellerton to explain why the liar and crook should quit now. Dan writes:
AIM-listed education, health and sport & gaming media business, Electric Word (ELE) has announced results for the six months ended 31st May 2013 showing an adjusted pre-tax loss of £0.354 million, compared to a corresponding prior year period £0.422 million profit, on revenue 13.9% (£1.08 million) lower at £6.65 million. However, as the following explains, these numbers do not convey the whole picture.
Black Mountain Resource (BMZ) is an AIM listed silver mining company with three projects in the United States, Its Conjecture mine is in Idaho, the New Departure and Taboor projects in Montana. All are well positioned and historic data indicates they sit on potentially huge resources. That is not discounted in the share price today.
AIM-listed recruitment software group Dillistone (DSG) has updated that it “has enjoyed strong trading in the first half and currently expects to achieve a satisfactory performance for the year”. The shares currently trade approaching 4% higher, at 80p, in response and the following reviews…
The 666 shirt of investigative financial journalism is out of retirement for a few more days as liar and crook Jim Ellerton clings on to his corporate career for a bit longer. This morning he has stepped down from the board of Sefton (but will carry on as a consultant on full pay) because of “allegations made in two Internet publications against Jim Ellerton, the Company's Executive Chairman, and certain documentation received”
It is being reported by some publications that bear raider Evil Knievil has gone long of Sefton. That is an untruth. Knievil told shareprophets “I have never bought a Sefton share in my life and remain short – target price 0p”
The Competition Commission yesterday announced that Cineworld Group (CINE) could have to sell three cinemas after provisionally concluding that its acquisition of the Picturehouse chain may lead to a substantial lessening of competition in Aberdeen, Bury St Edmunds and Cambridge. The following updates, together with broker reaction to the news…
I have returned to SSE (formerly Scottish and Southern Electricity) the third largest independent public company supplying electricity to the UK after weakness in the share price has come down from its May high of 1690p to 1554p last seen; a decline of 9% It is back to below its trend line.
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.
Thanks for all the emails on Optibiotix (OPTI). We understand seeing the shares slide back to 53p odd is alarming. To one or two of you, there is no need for such language! To the rest of you here goes.
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.
I'd like to start a competition to find the AIM shareholder list with the lowest average IQ. I am beginning to think that it may well be that of Bushveld Minerals (BMN). Sure its shares are up by 400% since the pump and dump of last fall (exposed HERE) and they may rise again on the latest pump and dump of yesterday (HERE) but folks need to be aware that a placing is a slam dunk cert. Oh no, say some very stupid people.
The failure of the LSE to insist that hapless Nomad FinnCap forces Telit (TCM) to bring in a firm like KPMG to conduct a full forensic review will hurt it even more when this company goes tits up as I noted in a letter to Stock Exchange boss Donald Brydon earlier today HERE. Two sources tell me that the FBI may have bad news for the Boston fraudster Oozi Cats and his Mrs as I explain in this podcast. But the meat of the podcast is explaining why Telit will go tits up and why that could be within six weeks. Enjoy.
You may remember that at the last AGM of the London Stock Exchange (LSE) its chairman,, Donald Brydon CBE, 'fessed up to being a ShareProphets reader and as we chatted afterwards he came over as a thoroughly decent man. But he has, yet again, been failed by his minions in their handling of the biggest AIM fraud of the year, so far, Telit (TCM). Lowly gofers such as the head of AIM Regulation, the fake Sheriff Mr Marcus Stuttad, have allowed Telit to avoid any independent scrutiny of its accounts & business practices despite clear evidence of fraud. That has to change and maybe Brydon will push for that. I have sent him a letter.
If you read the bent, freebie is our middle name, personal financie columnists in the deadwood press, fund manager Neil Woodford walks on water. I disagree and have noted before, that, maybe, after three dismal years, others are starting to see the light. But, with assistance from a leading broker, how about we have a real look at the Woodford Patient Capital Trust (WPCT) but also at the sort of dogs Neil ifalls in love with.
VSA is house broker to Obtala (OBT) so is not impartial. Neither am I as we own a small number of shares following a Dragon's Den pitch as the 2017 UK Investor Show. But the price target suggests real upside and VSA's research team is well regarded and since we happily published an uber-negative piece from Evil Banksta the other day, this offers some balance. VSA has tweaked its forecasts
I am deeply troubled by events at AIM uber dog Andalas Energy (ADL) on Monday afternoon. This is a company that has form when it comes to breaking AIM Casino Rules but on this occasion it is the advisers at Cantor Fitzgerald, whose actions have alreday cost some folks 50% of their money, who should be hung, drawn and quartered. Sadly we have gone soft on crime but at least they should be clobbered by the FCA for market abuse and AIM Regulation for breaching AIM rules. I have sent a letter.
You may remember that ShareProphets poster Drunken Sailor and I were co-defendants in a libel case a couple of years ago ( which we won). Mr sailor is not a drunk and he is a great sleuth when he wants to be. My pressing concerns about uber ramped Bushveld Minerals (BMN) are its balance sheet, but DS has unearthed another major issue which, for some reason, Bushveld has not covered in an RNS. Perhaps it might do so now? Drunken's post merits a wider audience:
Like Richard Poulden, CEO of PCG Entertainment (PCGE), I have a bit of time for Brian Kinane at Riverfort. As someone who believes in transparency and clear communication, my view is that Brian is trying to bring some of that to the world of small cap funding, particularly where the dreaded phrase “ death spiral” is concerned and there’s a few points here to be applauded. It still doesn’t prevent the obvious question being aimed at Mr Poulden though – WHY RAISE MORE FUNDS NOW?
When serving up god-awful FY numbers on deadline day ( June 30th) it was shown that uber dog Servision (SEV) had serially misled investors and indeed told outright lies over the prior half year. Rover also served up its second profits warning in two weeks with the god-awful numbers and 'fessed up "Our working capital position is tighter than we anticipated" - I should cocoa. Today it got worse.
Last week from Real Good Food (RGD) it was a “Board Changes” announcement, following the week before that a real disgrace in a tardy profit warning and real bad disclosure. There’s now an “Overdraft Facility” announcement…
Some folks think that handing out share options to senior staff is a cost free exercise and b) benefits all shareholders as it incentivizes the board and also aligns their interests with those of stockholders. Bollocks on all counts.
Hello Share Scraggers. Infrastructure is a buzz word at the mo. Companies which supply it (if that’s the right word) are seeing their share prices rise. You’ll recall that Big Donald climbed into power by saying he would spend a lot more on roads and other public projects in the USA. Not to mention that laughable Mexican wall. And Blighty’s government has also said it will be spending more on infrastructure.
Having reached more than 75p in May, shares in information management technology and services company Idox (IDOX) declined below 60p early last month before recovering above 65p - then declining towards 60p again. The company is now “pleased to announce that it has acquired… Halarose, a supplier of electoral back office software and services to UK local authorities, for £5.0 million, comprising £3.5 million in cash and £1.5 million in shares” (at 61.5p)…
Following the postponement of a significant contract announced at the end of last month, SRT Marine Systems (SRT) has now announced an “AIS Aids to Navigation Contract”, including that “the order is for the world's biggest single deployment of AIS AtoN”. The world's biggest hey, sounds impressive!…
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