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Tom Winnifrith Bonus Bearcast "Grooming" Morons, Compare & Contrast Cloudtag & African Potash - with Waseem & Mr Antar
in this bonus bearcast I compare the ramp de jour of the moment (Cloudtag (CTAG)) with that of eighteen months ago, African Potash (AFPO). It is shocking how similar the two cases are and the results will also be the same. In this podcast I reference the work of Waseem Shakoor in exposing both frauds and of my hero, Sam Antar, on the psychology of stockmarket fraud and how it plays out here
- By Tom Winnifrith |
- 4 January 2017, 05:45 |
Whacky ideas update, shorting Yen and Euro vs $
As discussed HERE and HERE I have been very nervous in the face of the rising tide that is the market of late. Two difficult decisions face the nervous investor – the first, obviously, is what to sell and the second is what to do with the proceeds. I did make a couple of wild plays and promised to keep you posted. So here we go with another update….
- By Nigel Somerville |
- 4 January 2017, 05:21 |
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CloudTag – Waseem Shakoor bang on the money again as L1 converts another slice at 6.5p, and what happened to Hector?
Yesterday the bear raider Waseem Shakoor tweeted that he expected another conversion notice within 24 hours as L1 sought to offload another line of its death spiral loan funding onto AIM-listed CloudTag’s gullible shareholder base. Right on cue, this morning we learnt that the conversion notice was served yesterday, seeing L1 convert £250,000 of notes into shares at just 6.5p. That, against the current bid price of 8.5p. Having thought that my plan for great riches as an AIM death spiral financier might be fraught with danger, I wonder whether I should reconsider.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 4 January 2017, 04:49 |
Corero - “pleased to announce” minor contract wins, what about the cash burn?
“Corero Network Security plc (CNS), the AIM listed network security company, is pleased to announce that it has won five ‘as-a-service’ subscription-based contracts for its DDoS protection products and technology in the final quarter of 2016”. Sounds promising. Oh, but wait… “with an aggregate annualised contract value of $0.3 million”. Hmmm…
- By Steve Moore |
- 4 January 2017, 04:39 |
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African Potash - where did it hide the £600,000 bung to Beryl in its 2016 accounts?
You may well remember that one of the frauds committed by African Potash (AFPO) in November 2015 was the announcement of a ramptastic deal with Beryl Holdings. The company announced all the good bits ( which as it happens failed completely to materialise in any way shape or form) but neglected to mention a £600,000 bung it had agreed to pay to Beryl. Unfortuanately for lyin' Chris Cleverley I got hold of the contract and pubished it and also alerted auditors RSM Tenon to its existence.
- By Tom Winnifrith, The Sheriff of AIM |
- 4 January 2017, 04:35 |
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Next! Profit warning ahoy…
I cannot remember the last time I set foot in a Next (NXT) shop, but then I am not really much of a shopper. It seems I am not alone as in a trading update today Next mused that in the year up to and including Christmas Eve full price sales were down -1.1% on last year.
- By Chris Bailey of Financial Orbit |
- 4 January 2017, 03:45 |
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Have you lost money on African Potash? Did you buy into the fraud on or after 6 January 2016? Contact me now
African Potash stated in its annual report that on the ISDX (now called NEX) lobster pot it might be more difficult to raise money than on the AIM casino. I should cocoa. The last trade was on December 29. Liquidity is just nil and the 0.05p offer prize only applies if you want to sell peanuts amounts. If you invested in this fraud just accept that your shares are now worthless as it cannot get awaqy the £600,000 placing it dsays that it needs to survive. So Potash is going to go bust soon. But your cash might not be lost. There is a small chance.
- By Tom Winnifrith |
- 4 January 2017, 03:13 |
Photo article Life's a beach for one ex shareholder in Golden Saint
Floated at 10p, a couple of years later shares in Golden Saint Resources (GSR) trade at 0.03p to sell. Gosh that £36,000 a year it invested in securing the services of PR genius Steffi was money well spent was it not? But one ex shareholder, the founder Cyril d'Silva does not look too unhappy as a new photo of him in action last month demonstrates. Nice one Cyril. Well for him anyway.
- By Tom Winnifrith |
- 4 January 2017, 02:40 |
Can the Ebony Nectar Rocket the Footsie to Where It's Never Boldly Gone Before?
The bulls among us are rejoicing at the beginning of the new year. But what’s causing the Footsie to beat its all-time highs?
- By Malcolm Stacey |
- 4 January 2017, 01:16 |
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Table of shorted AIM shares - start of 2017
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares where the position date was in 2016 (by net short position %)...
- By Steve Moore |
- 3 January 2017, 09:59 |
2017 may go dark, this is going to be a pivotal year
Whether you are dirt poor in Africa or pampered by the European welfare state, it does not matter. What matters for the positive development of the human spirit is an expectation that next year will be better than the current one. If that belief is taken from you, then you will most certainly force real change on the system as you feel there is little to lose. The fed-induced bubble has been fun for debt-thirsty Americans (and most developed economies) willing to take on any amount of debt as so long as they can afford the monthly payments but the inevitable unwinding is going to be equally painful.
- By David Scott |
- 3 January 2017, 08:55 |
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CloudTag – just how much cash is this company burning? £9m in 2016?
With the L1 funding package now fully drawn, AIM-listed CloudTag has now had an awfully large amount of money, yet we are still to see a product available for it to sell. But thumbing through the RNSs of the last few months shows an incredible cashburn. Where has it all gone?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 3 January 2017, 08:44 |
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RESULTS: ShareProphets readers tips for 2016 competition
Having asked for readers tips for 2016 for the amazing prize of lunch or dinner with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, this is the result...
- By Steve Moore |
- 3 January 2017, 08:19 |
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Tom Winnifrith Bearcast: Why we must read accounts from the back forwards and Sirius vs Cloudtag
I admit that i am too lazy when it comes to reading report and accounts. I should be more of a geek like Steve Moore. In today's podcast I explain why my sloth is a sin and why we should all read from the back to the front. I also look at investment versus trading, Sirius (SXX) vs Cloudtag (CTAG). Other companies mentioned include African Potash (AFPO), Inspirit (INSP) and Strat Aero (AERO). I am now offline as I tidy up the mess created by Oakley and the different mess created by me before the Mrs and Joshua return home.
- By Tom Winnifrith |
- 3 January 2017, 07:04 |
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CloudTag – drawdown of final tranche L1 funding, and yet another clarification needed by Nomad Cairn?
Two RNS announcements this morning from AIM-listed CloudTag (CTAG) this morning tell us that the company has drawn down the final amount of cash under its death spiral funding deal with L1. The problem is that the dates don’t quite work. Perhaps Nomad Cairn would care to clarify (yet again)?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 3 January 2017, 05:30 |
Video: Christmas is not over until Crazy Eddie says its over
Living in Brooklyn in the mid eighties the adverts for Crazy Eddie were just part of life. They were famous and awful at the same time. Little did folks know that this was one mammoth fraud cooked up by Sam Antar, now a great fraud buster as you can see HERE. The TV advert below is from Christmas 1986
- By Tom Winnifrith |
- 3 January 2017, 05:29 |
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African Potash Accounts - A question for Lord Peter Hain of Sleaze
I am sorry if I sound a bit one track minded today but you will remember that African Potash (AFPO) sent me a fascist lawyers letter ( c/o now three time losers against me Memery Crystal) demanding I pay it £2,000, unpublish my articles on it, never write on it again and pay it damages on top back in September 2016. Natch I declined the offer and the fraud that is Potash has been in freefall to insolvency ever since. Moral of the story: don't mess with The Sheriff of AIM. Now, I have a question for Lord Peter Hain of sleaze who chairs the company's remuneration committee.
- By Tom Winnifrith, The Sheriff of AIM |
- 3 January 2017, 05:27 |
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African Potash Accounts - how much on travel? And tell us about your expenses lyin' Chris
That African Potash (AFPO) is clearly trading whilst insolvent is beyond doubt. It admits that it needs to raise $600,000 to pay its bills as they fall due but trading volumes on ISDX are often just a few hundred quid a day. It's game over. So where has all the money gone? There is a reason that the board did not want anyone seeing the annual report which finally surfaced today.
- By Tom Winnifrith, The Sheriff of AIM |
- 3 January 2017, 04:39 |
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African Potash Accounts Note 21 - the £35,000 bung to lyin' Chris Cleverley
No wonder that fraud African Potash (AFPO) did not want anyone reading its accounts which have finally arrived six days after they were signed off. It is a gold mine for anoraks like me. Let us now turn to page 45 and note 21, related party transactions of which there are many. But I refer to the third such transaction which involves CEO lyin' Chris Cleverley.
- By Tom Winnifrith |
- 3 January 2017, 03:48 |
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African Potash Accounts finally out - damning statements by RSM Tenon auditor
I am yet to get an explanation from Peterhouse Corporate Finance, the advisor to ISDX and (pro tem) AIM listed fraud African Potash (AFPO) as to why accounts for the year to June 30 were signed off on 28 December but not released until 3 hours and 48 minutes after the stockmarket closed for a three day New Year break on 30 December. This is surely a breach of ISDX rules and it shows, again, that the fraudsters are prize rotters. Why is Peterhouse not resigning NOW? But it gets worse, the actual, annual report was promised by 31 December but has only this morning appeared on the company's ramptastic website. Why the delay? How about not wishing to admit to damning comments from auditors RSM Tenon which show that this company is toast? The auditor does not mince its words.
- By Tom Winnifrith, The Sheriff of AIM |
- 3 January 2017, 03:00 |