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ARTICLE

Dev Clever & the daft acquisition from the tax dodgers

2020-03-10 08:54:03

In a just world Dev Clever (DEV) boss Chris Jeffries would be in jail for selling shares while sitting on undisclosed adverse financial news.  But while he still enjoys his liiberty he has announced the purchase of a crap company from some tax dodgers. Will he inform HMRC of the deal so ensuring the matter is dealt with?  he is clearly an honourable man....

ARTICLE

BREAKING: The blatant market abuse at Dev Clever – the FCA does seem to be taking it seriously

2020-03-02 16:19:02

I contacted the FCA last week about what appears to be blatant market abuse, or possibly even securities fraud, at Dev Clever (DEV) and to its credit it has sent back a non standard reply indicating that it is taking the matter very seriously. As a reminder, Dev did a placing on December 20 2019 and its CEO sold £500,000 shares a month later only to admit in February that sales for the six months to 31 October 2019 were way below forecast. How can a software firm have not had any inkling of that before the placing and CEO share dump. It defies belief. The FCA writes:

ARTICLE

Letter to FCA – has Dev Clever committed blatant Securities Fraud, please investigate now!

2020-02-24 12:43:40

As Dev Clever (DEV) is not on AIM but on the Official List it is the FCA that bears sole responsibility for regulating its activities and which should now be investigating whether the company has committed blatant securities fraud. I have written to the chocolate teapots explaining why an urgent investigation is needed into the company and its directors.

NEWSFLOW ARTICLE

Dev Clever: from 1p to 14.5p and now a placing at 1p all within a year – true pump & dump shame

2019-12-20 09:49:11

Dev Clever (DEV) joined the Standard List at 1p on January 21 2019. Boy: it has been a rollercoaster year of pumping and dumping.

NEWSFLOW NEWSFLOW ARTICLE

Boom: More bad news for Dev Clever - it needs to correct and reissue its interims

2019-07-26 09:44:03

The critical point about today's interims from Dev Clever (DEV) is that they are piss poor in the cash guzzling sense. Now I do not wish to sound like an accosting pedant and geek but there is another issue: auditors PKF Littlejohn who will have cast an eye over the numbers, have screwed up and the numbers need to be corrected and re-issued. Let me explain:

ARTICLE

Dev Clever worth £200m - you is ‘avin’ a Turkish, have a butchers at truly dire interims

2019-07-26 09:11:19

Dev Clever (DEV) listed on the Standard List in December at 1p with some true rogues subscribing for placing shares. One of them blogged a thesis that the shares were worth 50p (a £200 million market cap) and that sort of ramping saw the shares reach 13p. Today they are sharply down at 3p to sell after the release of dire interims.

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