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Filthy Forty and banished from AIM, Aquatic Foods NED’s make a few admissions: ShareProphets was right

2018-05-29 07:41:11

On 28 December 2017, ShareProphets AIM-China Filthy Forty play Aquatic Foods Group issued an RNS stating that it couldn’t publish accounts for 2016 and the shares would be booted off AIM the following morning. Of course, there’s a lot more to that and ShareProphets had been predicting the demise for months. Now the patsy NEDs have issued a statement and it is clear that ShareProphets was right all along.

Delisted F40 fraud Aquatic Foods (#AFG) patsy NEDs "do not intend to let matter rest"

2018-05-28 23:41:39

Filthy 40 China fraud Aquatic Foods – So long, and thanks for all the fish

2017-12-29 00:36:03

With apologies to Douglas Adams, as long predicted here on ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) didn’t get its 2016 accounts out and the AIM Executioner has done its duty. After six months suspended, it has been given the boot.

China Fraud Aquatic Foods (#AFG) finally booted off AIM Casino - you were warned

2017-12-29 00:22:39

Another one bites the dust: F40 Aquatic Foods - still no accounts, death by AIM execution at 7am tomorrow

2017-12-28 12:18:21

Aquatic Foods – Director resignation: rats leaving the sinking ship as AIM Execution approaches

2017-12-11 03:41:05

AIM-listed Filthy Forty play Aquatic Foods Group (AFG) has at last posted an RNS. Given that its FY16 accounts are overdue by almost 6 months, and its interims by heading for three, you would have thought we might have an update on that. But no: instead the resignation of Mircle Ching Chai Yap was announced. This chap has a spot of form….

F40 Aquatic Food – where are the accounts? Month 5

2017-11-29 01:19:10

We are now a day from the end of November and STILL ShareProphets Aim-China Filthy Forty play Aquatic Foods (AFG) has not published its FY16 accounts, which are now a day short of five months late. Also outstanding are this year’s interims, which should have been out by the end of September.

Aquatic Foods – the excuse this time for no accounts? Silence!

2017-11-03 01:21:19

And so it came to pass that ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) didn’t even bother to update the market at the end of October on the supposed progress towards getting its FY16 accounts released – accounts which should have been released by 30 June. The interims to June are also overdue, but there is no statement at all! Step forward those fine fellows at S P Angel, the company’s Nomad.

Aquatic Foods – what will the excuse be this time for no accounts? Month 4

2017-10-29 09:08:23

Here we are again, with the last days of the month playing out and (as yet) no word from ShareProphets AIM-China Filthy Forty poster-boy Aquatic Foods Group. It missed the June 30^th deadline to file its FY16 accounts and each month since then we’ve been promised news next month.

Filthy Forty Aquatic Foods - still no FY16s but at last an FD

2017-09-29 00:55:22

ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) has at last appointed a new finance director to replace the previous incumbent who left all of a sudden as the company announced it was unable to release its FY16 numbers. Good news...er, well sort of.

China fraud Aquatic Foods – what excuse will be offered this week re overdue FY16 accounts?

2017-09-24 03:04:28

It’s that time of the month again: ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) seemed to promise its delayed FY16 accounts by the end of the month. In June the excuse was it couldn’t get its cash out of China, but the directors were going to pony up so as to pay certain advisers (ie the Auditor) and the results would be out in July. Oh, and the next day the CFO (who had been in post less than a year since the previous incumbent walked) resigned with immediate effect - having signed off the RNS.

Filthy Forty Aquatic Foods – still delayed FY16 results Jackanory

2017-08-31 01:05:17

Yesterday at 4.14pm ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) updated the market regarding its overdue FY16 accounts. Once again we are left waiting until next month – Godot is definitely coming tomorrow, honest guv, when the new FD is appointed. So nothing to do with the problems getting cash out of China to pay auditors, Nomad fees and director fees as we were previously told?

China fraud Aquatic Foods (#AFG) says it hopes to have a new FD and 2016 accounts by end Sept, whatever..

2017-08-30 08:31:40

Filthy Forty Aquatic Foods – third time lucky with results, or will Nomad SP Angel resign?

2017-08-29 07:53:36

We are two days from the end of August and we’ve had diddly squat from ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) which is currently suspended pending accounts. In June it said they would be in July, and that directors were going to pony up to get enough bills paid to see the accounts signed. In July it hadn’t happened and there was no mention of it. Will the accounts appear this time?

China fraud Aquatic Foods Group – joke RNS delaying (again) FY16 accounts and more Red Flags

2017-07-28 01:12:25

ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) has released news of its delayed FY16 numbers in an (almost) no-one is watching o’clock RNS yesterday, released at 4.26 pm – 12.26am local time in China. Goodness me, they must have been putting the wording together for hours! Needless to say, there are still no accounts. In my view the whole thing is a joke and Nomad SP Angel is being made to look foolish: take a look at the directors’ page of the company website!

China fraud Aquatic Foods: crunch time?

2017-07-23 08:07:02

ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) shares were suspended last month because it couldn’t get its accounts out on time. We were told that this was because of difficulties getting its enormous cash-pile out of China to pay a number of parties whose assistance is required for the finalisation of the audited accounts. For that, we might presume that it includes the audit firm. We were told that the accounts were anticipated to be released in July – and here we are with 6 trading days left. Is it crunch time?

Stuttard’s Septic Seven July update: when will it be two?

2017-07-15 03:42:32

Oh boy, it’s time to revisit Marcus Stuttard’s Septic Seven and we have yet another suspension. You will recall that this portfolio of seven diversified stocks from the AIM Casino was chosen for Mr Stuttard so that he might demonstrate his faith is his own regulatory setup at the world’s most successful growth market – but with the caveat that all the stocks selected had been Red Flagged but were still trading. In the week that the LSE washed its hands of any responsibility for fraud it is scores of the doors time, after not quite 10 months.

Aquatic Foods - now FD walks - who could have thought this was a China fraud? Roll of Shame

2017-07-01 04:30:45

Late on Friday, at no-one is watching O'Clock we learned that Po Ling Low had quit as FD of AIM listed China fraud Aquatic Foods (AFG) with immediate effect. Really? It was 5.21 in London so it was 1.12 in the morning in China. Did Po really walk the plank so late in the evening. Clearly that was just another lie from this slam dunk fraud. 

China fraud Aquatic Foods (#AFG) - a day after shares suspended because it can't get its money FD resigns.

2017-06-30 21:45:48

Aquatic Foods (#AFG) - a Naibu waiting to happen - Walbrock Research

2017-06-29 14:33:45

China fraud Aquatic Foods – still can’t get the cash out of China, no results = SUSPENDED

2017-06-29 00:16:39

Well there’s a thing: ShareProphets AIM-China Filthy Forty stock Aquatic Foods Group (AFG) is still having trouble remitting funds from China resulting in the delay of payments to a number of parties whose assistance is required for the finalisation of the audited accounts. In short, the company can’t pay its bills and the shares have been suspended. 

China FRAUD Aquatic Foods (#AFG) suspended pending publication of Annual Report -WTF? Smells fishy

2017-06-28 23:52:35

Filthy Forty Aquatic Foods – problems getting the cash out of PRC? Er…..

2017-05-23 00:31:33

Yesterday lunchtime (1pm – the new no-one-is-watching o’clock) ShareProphets AIM-China Filthy Forty purveyor of all things fishy, Aquatics Foods Group (AFG) served up a Q1 trading statement showing broadly flat sales, but rising costs. The really good news is that the cash-pile is even higher than before, at RMB 485 million – c. £54 million, or about five times the market capitalisation. The bad news….

Chian fraud Aquatic Food (#AFG) says having problems getting cash back to UK, uh oh....

2017-05-21 23:40:09

China FRAUD Aquatic Foods Q4 update: drowning in a sea of Red Flags

2017-03-20 02:52:47

ShareProphets AIM-China Filthy Forty purveyor of all things fishy, Aquatic Foods (AFG), has updated on 2016 Q4 trading this morning. In a statement plastered with Red Flags it would appear that the company is nearing the final chapter of the China Norfolk playbook as we are warned that there has been a spot of bother getting cash out of China. Is it bye-bye to the dividend? 

China FRAUD Aquatic Foods (#AFG) FY trading statement drowning in red flags - Timber!

2017-03-20 00:29:37

Filthy 40 Aquatic Foods – Q3 trading update

2016-11-13 07:19:44

Shares in ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) put on 35% on Friday, following release of a third quarter trading update. Drilling through some of the numbers they seem to be impressive, begging the question of why an apparently profitable and cash-generative company which is drowning in cash worth about three times its market capitalisation would be considering its dividend policy, having chopped the half-year payment by 71%.

Aquatic Foods (#AFG) – notes performance reflecting that “market growth in China has slowed”

2016-11-11 00:44:49

Filthy 40 China fraud Aquatic Foods: “Technical administrative delay” sees dividend postponed.

2016-08-16 05:16:11

Oh dear, oh dear. This does not look good. ShareProphets AIM-China Filthy Forty China fraud Aquatic Foods Group (AFG) has announced that it hasn’t paid its full-year dividend of 0.7p per share due to a “technical administrative delay”. Is that because there isn’t any cash?

China FRAUD Aquatic Foods (#AFG) delays dividend due to admin cock up. whatever...

2016-08-15 23:25:30

China fraud Aquatic Foods – shares roofing it: surely a statement required?

2016-07-12 02:15:33

There are so many Red Flags surrounding ShareProphets AIM-China Filthy Forty Aquatic Foods (AFG) that it is hard to know quite where to start. One could consider the discount to cash, to profits, to assets and wonder why there have been no buy-backs announced just for starters, but there are plenty more to be found HERE. So why have the shares been roofing it?

F40 Aquatic Foods FY15 results. You’re ‘avin a giraffe, right? And a message for AIM Regulation.

2016-06-29 09:00:42

This morning ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) released its calendar FY15 results. This is a complete farce and AIM Regulation should be ashamed, for that is where the real scandal lies.

FY Numbers from China fraud Aquatic Foods (#AFG) - all porky pies

2016-06-29 00:00:21

China fraud Aquatic Foods Trading Update: drip, drip, drip - the water torture continues in a sea of Red Flags

2016-03-02 03:45:51

ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) released a trading statement yesterday for its full year to Dec 2015. I commented that the last trading statement had more holes than a fish-net and yesterday’s serving of fishiness lowers none of the Red Flags previously raised. 

China Fraud Aquatic Foods - drip, drip, drip the torture continues

2016-02-16 05:53:34

Following on from yesterday's piece on ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) we see that the shares are still sliding. Drip, drip, drip - the Chinese water torture continues. 

AIM China Fraud Aquatic Foods: Chinese water torture

2016-02-15 07:15:58

Tom Winnifrith has already done an open-top bus ride around all the Red Flags flapping away at ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG). But if the Red Flags are enough to drive you towards the sell button there is another problem: the spread is now so wide that it is equal to the bid price. Talk about being lobster-potted.

Broker SP Angel details successful 2015 but fails to mention listing China Norfolk Aquatic (#AFG). Why?

2016-02-04 00:05:52

FD at China Norfolk Aquatic Foods (#AFG) quits with immediate effect - the end is nigh

2016-02-03 00:32:54

NED at China FRAUD Aquatic Foods (#AFG) token share purchase - dont be spoofed!

2016-01-15 00:18:56

F40 Aquatic Foods (#AFG) - NED stumps up £6.25k to buy shares

2015-12-10 00:47:23

F40 Aquatic Foods – Trading statement with more holes than a fish-net

2015-11-17 03:59:45

ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) released a trading statement this morning. All going well despite the slow-down in China – turnover up, big cash-pile, shares at a big discount to cash etc etc. So the shares are down 15%. What?

AIM-China Filthy40 member Aquatic Foods Interims fail to reassure

2015-09-10 04:39:32

One of the problems that AIM-listed China stocks have at the moment is that nobody believes them. Nobody believes the claimed cash-piles or profits. This is amply demonstrated by the stock-market histoire of Aquatic Foods (AFG), a member of the ShareProphets AIM-China Filthy Forty. To remind you, it listed in just February of this year at 70p per share, to give it a market capitalisation of £79.3 million. Yet the shares fell steadily to the current 29p. Today saw Interims to the end of June 2015. Scratch the surface, and the Red Flags are all too apparent.

Aquatic Foods Group plc – yet ANOTHER AIM-listed China Norfolk?

2015-07-22 00:30:53

On Monday AIM-listed Aquatic Foods Group plc (AFG), a Jersey-based holding company with its main assets in Shandong Province in China, held its AGM. Ahead of that gathering it was announced that Mr John McLean (hitherto the Deputy Chairman and Senior non-Exec) had withdrawn his candidacy for re-election to the board. Red Flag? Read on (especially if your name is Xavier Rolet, CEO of the LSE).

AIM China stock Aquatic Foods (#AFG) senior Brit patsy, oops we meant NED quits - 5 months after IPO

2015-07-20 00:09:15

China based Aquatic Foods (#AFG) says no reason for share price slump - I should cocoa

2015-03-31 00:18:28

Chinese company Aquatic Foods (#AFG) makes its AIM casino debut - BARGEPOLE

2015-02-03 02:46:18