Wednesday 22 September 2021 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Tom Winnifrith Bonus Bearcast: can anyone interpret my new nightmare, a Saint (Vin) and a sinner (Lucian) and his toxic 4
Published 173 days ago
Oh dear, oh dear – I would have thought that the board of AIM-listed John Gunn enterprise (or lack of it) Inspirit Energy Holdings (INSP) would have learnt by its previous errors. But alas, no. For five of the last six years, Inspirit has missed the deadline for filing its Confirmation Statement or Annual Return……and guess what?!
Published 251 days ago
Just a few hours before voting to delist Octagonal (OCT) from the AIM Cesspit earlier this week, shareholders in the company were presented with unaudited interim results for the six months ended 30 September 2020. With AIM’s worst FD, Nilesh Jagatia, in charge and London’s worst Nomad, Roland “fatty” Cornish, signing off, you will not be shocked that there were a raft of howling schoolboy errors.
Published 254 days ago
Today’s RNS from Octagonal (OCT) shows clearly that it tells lies and is thus run by a liar in John Gunn. However, it also suggests that its FD, AIM’s worst FD Nilesh Jagatia, cannot do basic maths and that its promises of a dividend and share buy backs are reckless in the extreme. Ahead of a GM vote on delisting, how can it be allowed to make such pledges?
Published 267 days ago
At 1.25pm AIM-listed POS Inspirit Energy (INSP) issued a statement relating to fellow AIM-listed Octagonal, where its CEO and Chairman John Gunn, and Finance Director Nilesh Jagatia also reside in the same roles, whose subsidiary, Global Investment Strategy is Inspirit’s sole broker – the very same subsidiary which has been charged by the SEC – alongside John Gunn, for aiding and abetting – with violating US broker-dealer registration provisions of the Securities Exchange Act 1934. Given that Jagatia and Gunn make up two thirds of the board of Inspirit, there clearly is a problem here!
Published 269 days ago
The pressure must surely be mounting on Roland “Fatty” Cornish as he tucks into his fourth helping of spotted dick with extra lashings of custard this Sunday lunchtime. The shambles at AIM-listed Octagonal (OCT) where he presides as (London’s worst) Nomad is a shocker, as detailed by Tom Winnifrith HERE. But fellow AIM-listed Inspirit Energy (INSP) – same Nomad, same finance director, same head honcho in the form of John Gunn – is surely at risk of suspension this coming week, and it released diabolical FY results to June at 11.22 am on Christmas Eve.
Published 272 days ago
At 8 AM on Christmas Eve, shares in Octagonal (OCT) were suspended on the AIM Casino. At 1.04 PM, with the market closed and everybody switching off their screens, came the bombshell. Assisted by the FCA, the SEC has charged Octagonal’s main subsidiary, Global Investment Strategy UK Ltd. (GIS), for clearing and settling billions of dollars of U.S. securities transactions without registering as a broker-dealer in violation of the federal securities laws. The SEC also charged John William Gunn, its founder and principal, with aiding and abetting those violations. Kerboom. You cannot say that I have not warned you for years that Gunn – who also runs uber dog Inspirit (INSP) – was a prize rotter.
Published 280 days ago
You cannot say that I have not warned you all so many times that Octagonal (OCT) would end in tears. Corporate Governance and related party deals involving boss John Gunn were shocking and Nilesh Jagatia is, without doubt, the worst FD on the AIM casino. Today came news of a delisting and the shares have collapsed by almost 70% to just 0.7p. I do hope that the Bulletin Board Morons who knew so much better than useless old Tom Winnifrith, were well lubed up.
Published 385 days ago
Limitless Earth Plc (LME) has published its annual report for the year ended 31 January 2020 which was approved on 30 July 2020. Readers might recall that in my previous article I called out a number of issues with respect to the accounts as prepared by Nilesh Jagatia, a man who is, without doubt, the worst FD on the AIM Casino. And the competition for that title is truly intense.
Published 389 days ago
Published 392 days ago
I note the comments from my colleagues on this site – Nigel Somerville most recently yesterday and Tom Winnifrith in bearcast yesterday on Inspirit Energy (INSP). I concur with the general thrust of the views expressed – crap management and sod all progress over many years. I also note the rebel shareholder and his background. I wish him well. But I suspect the whole idea is bonkers based on technicalities and politics…
Published 392 days ago
My main podcast today was a history lesson for the loathsome BBC HERE. In terms of bearcast, I am not so inspired today. I promise I shall be more on fire tomorrow but do comment on why Harry Adams of Kefi Gold & Copper (KEFI) is share dealing like a dervish. I also look at the rebel at Inspirit (INSP) and explain why I think he is doomed to fail and why anyone buying the shares needs their head examined.
Published 392 days ago
AIM-listed boiler-room Inspirit Energy (INSP) has been a long-term non-performer on the Casino ever since the reversal of its technology (having failed as a private company) was reversed into Kleenair Systems in 2013. Almost anyone who has had the misfortune of investing here will be nursing very heavy losses, and the company seems to have little or nothing to show for the last 7 years as an AIM Casino chip. But now the company is under attack from 6.5% holder Chris Heminway, who launched a scathing attack late on Monday via the RNS system.
Published 539 days ago
Limitless Earth (LME) is an AIM casino listed investment company which employs Nilesh Jagatia as its part chief financial officer at rate of £24,000 per annum. By CFO standards this is a pretty low amount but based on our findings below Limitless shareholders are being overcharged. After all, there is compelling evidence we have provided, over many years, that Nilesh is the worst CFO in London.
Published 541 days ago
AIM-listed serial dog Inspirit Energy (INSP) released its interims yesterday at 2.33pm and it is same old, same old: the bills keep on coming in but where's the progress on its boiler? And when will the cash run out? – and why was its broker - a subsidiary of housemate Octagonal plc - holding such a proportion of its cash?...
Published 542 days ago
For a small company, Octagonal (OCT) seems to get through more auditors at a rapid pace with no less than 3 different firms of auditors for the listed entity in the last five years and two changes of auditors for each of the principal subsidiaries.
Published 544 days ago
I shall start the ball rolling with one nomination but feel you may be able to assist in compliing this list & the best nomination wins the usual prize to be sent one day. I seek men and women who are not only incompetent but also palpably dishonest, demonstrably using shareholders cash for theor own purposes or telling blatant lies to investors. A true Rogue director should be a serial offender & must still be a director or CFO of an AIM or Standard Listed company. So please nominate now with a name and the reasons why in the comments section below. I kick the process off by nominating…
Published 544 days ago
Octagonal (OCT) CFO's is Nilesh Jagatia a strong contender for the worst CFO of an AIM company. No I lie. As we have demonstrated over and over again, he is not only useless but, almost certainly, bent as well.
Published 862 days ago
This gets worse and worse for Chris Rynning, the former boss of ShareProphets AIM-China Filthy Forty play Origo Partners (OPP). Having discussed how a billion Kroner disappeared to tax-havens under this self-styled China expert, today E24 looks at the company credit card. If you thought Nilesh Jagatia of Teathers (TEA), Insprit (INSP) and Octagonal (OCT) was, ahem, generous (to himself), this appears to take the biscuit.
Published 890 days ago
I have to admit it: I haven’t a clue why shares in AIM-listed Inspirit Energy (INSP) are hugely up today. The shares opened at 0.0225p and motored as high as 0.055p. They currently sit at 0.045p, up 100% on the day. But there has been no news and I am not aware of any imminent news. So why is the stock up so strongly?
Published 895 days ago
I start by talking you through yesterday's Odd One Out contest explaining the schoolboy error made by Nigel Somerville and others. I look at the Autolus news in relation to Woodford Patient Capital Trust (WPCT) where as a loyal shareholder I shall be attending the May 15 AGM in Oxford with a few questions for Neil "nomates" Woodford. I flag up a shocking little episode at Clear Leisure (CLP) which should make you worry about Octagonal (OCT) and Inspirit (INSP) given that their FD is disgraced Niliesh Jagatia then discuss Management Resource Solutions (MRS) and finally, in detail, Toople (TOOP). Tomorrow I really will read out a Woodlarks heros roll call. Please join that list ahead of then HERE
Published 1156 days ago
Tom Winnifrith pointed to some previous anomalies at AIM-listed Octagonal (OCT) where John Gunn (of AIM-listed dog Inspirit Energy) and Nilesh Jagatia (of Teathers infamy) reside. Today, I had an email drop into my inbox…..it is all very odd.
Published 1362 days ago
In the last year, ShareProphets has produced 3733 articles from the scandals of Telit's Oozi Cats to the scandals of African Potash to the scandals of Cloudtag. Here are the 100 articles and 25 Bearcasts that were most read by ShareProphets readers.
Published 1536 days ago
Any company employing disgraced Nilesh Jagathia of Teathers infamy is a good bet either to go tits up or to get into a spot of bother for not filing documents properly at Companies House. And that brings us to Octagonal (OCT) PLC where clueless Nilesh does the books.
Published 1572 days ago
The first non-Tom article is #1, The explicit signs that a stockmarket crash is on its way... soon, by David Scott. This bodes well - the snakes and frigana may actually be drawing Tom's attention away from the market and back to his sabbatical.TW note you missed out this article which was actually the most read, modesty prevents me from saying who penned it. More Labour vote rigging!
Published 1576 days ago
A crowdfunding appeal has been launched to take Jason Drummond & Nilesh Jagatia of Teathers (TEA) infamy to the High Court over a previous debacle Purple Lounge & AIM listed (now bust) Media Corp. It is claimed that investors were misled and also that client funds at Purple Lounge went missing. The allegations, and at this stage they are allegations, are very serious indeed.
Published 1604 days ago
Look at the daily chart below. Tell me there was no insider dealing or market abuse going on here. It is that of Inspirit Energy (INSP). And then at 2.10 PM we finally had two announcements.
Published 1627 days ago
Having featured in the ‘New Year bury bad news stakes’ and with questions having been raised about CFO Nilesh Jagatia, I note shares in Inspirit Energy (INSP) remain in the doldrums following half-year results announced on 31st March. I also note the announcement was made at 9.49am. An attempt to miss the usual 7am RNS scrutiny?...
Published 1670 days ago
In the past seven days, 61,990 unique readers read 87,097 pages on ShareProphets. The circulation of the Investors Chronicle is c30,000. Shares is less than half of that. To our critics who think we do not count, we say think again.
Published 1674 days ago
Nilesh Jagatia the former FD at now delisted AIM bad boy Teathers Financial (TEA) is now enmeshed in controvery not only over Teather's serial ability to file accounts on time but over how shareholder's cash was used not only on entertainment involving semi clad young ladies but also for apparently personal spending by Nilesh. One hopes that by now the Old Bill and HMRC have been asked to have a butcher's. Amazingly Mr Jagatia remains as FD at two other AIM Companies both, as it happens, run by John Gunn: Inspirit (INSP) and Octagonal (OCT). I have now written to John Gunn.
Published 1675 days ago
I wrote earlier today that Flip Flop Ben Turney who now finds himself running failed ex AIM investment vehicle Teathers really MUST go to the Old Bill demanding a full investigation into the ATM withdrawals by ex FD Nilesh Jagatia. A reader points out that Flip Flop has another civic duty to perform on this matter, he must go to the taxman. Ever keen to help...
Published 1675 days ago
Yesterday I revealed a series of 74 "interesting" transactions on the Teathers Financial (TEA) company credit card and some curious payments on the Teathers pre-payment card belonging to Nilesh Jagatia the company's former FD. There is now a very real suspicion that Teather's poor shareholders were paying for Jagatia's domestic shopping at his local Sainsbury's in South Woodford and that he was making withdrawals from the company's account for personal use. I have thus written to the new CEO flip flop Ben Turney who, of course arrived in the coup that saw Jagatia fired. The letter is below.
Published 1676 days ago
The way that shareholders' cash was pissed away on corporate jollies & semi clad young ladies by the former board of Teathers Financial (TEA) has already been documented fully here. But documents have now fallen into my possession, here at Winnileaks, which ask even bigger questions about FD Nilesh Jagatia who is pro tem, still FD at AIM-listed Inspirit (INSP) and Octagonal (OCT). After this bombshell I wonder for how long.
Published 1710 days ago
Formerly AIM-listed Teathers Financial (TEA) has released numbers for the year to 31 October 2016. They are truly shocking. In its year to October 2015 the group balance sheet sported a net assets value of about £800,000 having raised just over £1 million in the year. That is pretty bad. But as at 31 October 2016 (having raised no further cash) net assets came in at about just under £70,000 with just £658 in the bank. Where did it all go?
Published 1736 days ago
As the year draws to a close it is only natural that we look back on the past twelve months. And it has been twelve months of achievement. It is a great achievement in that our writers have continued to write exactly what they want without any editorial interference. So Cynical Bear & Gary Newman have knocked shares I own. So what? We really do support free speech. And it has been a year when we have "dealt with" more frauds and lies on the AIM casino and the main market than ever before. That really is the USP of ShareProphets.
Published 1777 days ago
Oh dear. Oh dear. It looks as if the cash position at John Gunn's boiler room Inspirit Energy (INSP) is getting so very tight indeed. With the shares slipping to just 0.24p to sell and there being no sign of jam tomorrow being turned into anything resembling an order, we have just been passed judgement in a court case which closed this week.
Published 1815 days ago
Pretty soon we will hear the full awful details of the realisable assets at Teathers Financial (TEA) and I fear that we must brace ourselves that it will not be good. The word on the street is that the number could be as low as £100,000. So where did all the money go? This will horrify you.
Published 1859 days ago
We know from an Inspirit Energy Holdings (INSP) announcement on 17 May 2016 that Octagonal (OCT) remains a major shareholder in Inspirit and that John Gunn is a director of both Inspirit and also Octagonal. This really is a cosy old relationship between the two AIM POS companies.
Published 1860 days ago
Now that Teathers (TEA) disgraced Nilesh Jagatia has finally published accounts for another AIM POS, we can have a look at how Octagonal (OCT) has valued its investments. We start by looking at City Golf Clubs Limited.
Published 1893 days ago
Earlier today I flagged up that John Gunn run POS enterprise Octagonal (OCT) had, in April, promised results in June but had not only not published its numbers (never a good sign) but had also parted company with its auditor last month but not told anyone about it. In direct response to MY ARTICLE HERE, Octagonal fished its corpulent and useless Nomad Roland "Fatty" Cornish out of his four course luncheon to issue a statement. It is another comedy classic from Fatty. Boy he does know how to tell em.
Published 1915 days ago
Well, well – another twist in the formerly AIM-listed Teathers (TEA) saga has emerged, as a wander through Companies House filings reveals that a certain Mr Jason Drummond quit as a director on 23 June 2016 (last Thursday), ahead of the forthcoming sack-the-board EGM on Tuesday. The question, of course, is why?
Published 1920 days ago
Embattled Teathers Financial (TEA) boss Jason Drummond has admitted that the late filing of accounts was a mistake but, in a long conversation last night, he said that people who assume he is hiding something will have a big shock.
Published 1921 days ago
Following on from Tom’s explosive piece over the weekend referencing this letter relating to the Mediacorp / Purple Lounge debacle and the dodgy characters involved, I couldn’t help but pick up on the Boxhill Technologies (BOX) connection as I continue to be amazed that Lord Razzall hangs out with some of these characters.
Published 1922 days ago
Two hard days in the pizza business gave me a roaring headache on Friday, so I crossed Clerkenwell Road to the Sainsbury's for some pain reliever.
Published 1923 days ago
The earlier piece on the Drummonds, Nilesh Jagatia and the Media Corp scandal needs to be read in full. What horrifies me is that it shows that AIM Regulation knew everything in July 2014 but failed to act. The Bogus Sheriff of AIM, Marcus Stuttard, should either resign on Monday morning or find out who failed to protect investors, sack him and agree to compensate anyone who has lost money in Teathers Financial (TEA) and possibly Inspirit (INSP) as well. I warn you that I use bad language in this bonus podcast as I am furious with the Oxymorons at AIM Regulation over this appalling failure.
Published 1923 days ago
Are you a pissed off shareholder in Teathers Financial (TEA), Inspirit (INSP), Octagonal (OCT) or any other company associated with Justin and Jason Drummond or Nilesh Jagatia? If so you are going to get even more pissed off as I have obtained and publish below a lawyers letter which exposes wholesale fraud and deception at their last outfit Media Corp (MDC). It is shocking.
Published 1927 days ago
It seems that Nilesh Jagatia, discredited director of Teathers Financial (TEA), has got recent form when it comes to failing to submit accounts by the statutory deadline. Mr Jagatia is finance directors of a number of Plcs, including one of my old favourites, the piece of Turkish that is Inspirit Energy (INSP). Just like Teathers, in December last year Inspirit received a First Gazette to strike the company off the register of companies for failing to provide its accounts on time. What is it that Mr Jagatia doesn’t understand about the legal requirements concerning his job?
Published 1937 days ago
Who would you want running the AIM PLC board from hell? Naturally with Outsourcery (OUT) becoming his 39th business failure, or is it 38 I lose track, Dragon's Den flop Piers Linney has to be the CEO. I'd nominate that silly woman from Easyjet (EZJ) as Group Equal Opportunities Officer. The Chairman has to be the patrician twit Gibson Smith formerly at the LSE. The FD...check out the CV of Nilesh Jagatia of Inspirit (INSP) and Teather's (TEA) infamy now on the run!
Published 1938 days ago
Oh dear, Oh dear, when even those you pay to produce buy notes, refuse to promote your shares you know that you are in trouble. Equity Development, which has been pumping Fastjet hard since 2013 has today said it cant set a target price any more. Cripes, I suppose that if FastJet can spare a few quid it could always get Gollum and Zak Mir to ramp its shares but back to those paid for rampers we can take, at least a bit, seriously.
Published 1938 days ago
Earlier today we flagged up a planned rampfest investor evening organised by jam tomorrow and hot air producer Inspirit Energy (INSP) which - according to the original RNS - featured an array of attractions including Zak Mir - who was laughably described as the UK's favourite technical analyst, which Nomad signed off on that crap? - and a chance to quiz FD Nilesh Jagatia. Oh goodie goodie thought a number of folk from the Teather (TEA) shareholder action group who would like to ask Nilesh about how he has trainwrecked their company and if he condones blackmail?
Published 1938 days ago
It is good to see that Inspirit Energy (INSP) is spending the £750,000 from the bailout financing of last month wisely. Canapes and stockmarket hookers all round.
Published 1947 days ago
Yesterday I exclusively revealed HERE that Teathers Financial (TEA) had told rebel shareholders that if they did not withdraw an EGM request to sack the board, a mystery £1 million investor would walk. Teathers boss Oliver Fattal gave the rebs until 3 PM to pull the request. They declined. Today Teathers has changed its tune. That on its own tells you the board are worse than poltroons and should be fired. I now publish Olly's email.
Published 1948 days ago
I have obtained emails that show clearly how the board of Teather's Financial (TEA) have tried to bully dissident shareholders into not ousting the directors who are culpable as it gets slung off the AIM. The bullying has not worked. The board will be sacked.
Published 2295 days ago
Shares in “AIM traded investing company focused on opportunities within the financial services' sector”, Octagonal plc (OCT) currently trade more than 40% higher today, at 0.26p, on the back of an announcement that “it has entered into conditional agreements to acquire the issued share capital of Global Investment Strategy UK Ltd that it does not currently own”. So, what’s the excitement about? …
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