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Exclusive: Redcentric and the payroll fraud it learned from Rob Terry - how has CEO Fraser Fisher not been fired?

2017-07-05 00:17:05

Redcentric (RCN) CEO Fraser Fisher is still in place despite his company having admitted to having grossly overstated its 2016 accounts, something that pushed up the shares allowing him to make a killing dumping stock a year ago. The FCA is investigating this matter as are other agencies which almost certainly means the Serious Fraud Office. So far the fall guy has been the ex FD. But I can now demonstrate that Fraser must have been persoinally aware of at least one major fraud, a type of con the King of the fraudsters, Mr Rob Terry, also pulled off at Quindell and The Innovation Group. 

ARTICLE

Redcentric – “pleased to be able to report that trading is in line with expectations”. Hmmm…

2017-05-05 06:09:25

After announcing “Accounting misstatements” in November, Redcentric (RCN) is “pleased to be able to report that trading is in line with expectations” and “good sales momentum in the year” (to 31st March 2017). Hmmm…

NEWSFLOW NEWSFLOW ARTICLE

Table of shorted AIM shares - week to 17/03/2017

2017-03-18 02:52:56

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

NEWSFLOW ARTICLE

The Redcentric fraud - Uh Oh: very bad news for Tony Weaver

2016-12-14 01:50:25

Redcentric (RCN) has detailed the preliminary findings of its investigations into accounting fraud. And they beg very serious questions indeed for Tony Weaver who set this company up and whose AIM listed MXC Capital (MXCP) guided it, but dumped all its shares in the summer shortly before Weaver quit - which in turn was just a week before the fraud problems emerged and the Weaver appointed FD was fired.

NEWSFLOW NEWSFLOW ARTICLE

ShareSoc speaks out on Redcentric ...and it is bang on the money

2016-11-08 06:36:16

ShareSoc director Mark Bentley has taken to the society's blog about events at Redcentric (RCN) and related party MXC Capital (MXCP). He is bang on the money. He shows that there is only one rotten apple in the ShareSoc barrel and it can do good work. As a non shareholder in Redcentric I was planning to flag up much of what is below but cannot put it better than Mr Bentley who wrote:

ARTICLE

Redcentric – “Accounting misstatements” announcement. Uh Oh…

2016-11-07 04:30:44

“Redcentric plc (RCN), a leading UK IT managed services provider, announces that an internal review by the company's audit committee in relation to the interim results for the six months ended 30 September 2016 has discovered misstated accounting balances in the group's balance sheet”. Uh-oh…

NEWSFLOW ARTICLE

Zak Mir's Bull Call of the Day No. 1: Redcentric: Above 200 Day Line Targets 250p

2015-11-16 02:15:23

What can be seen on the daily chart of Redcentric is that there is an uptrend which has been in place in quite a persistent fashion from as long ago as this time two years ago.

NEWSFLOW

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