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Notes from Underground - Most read articles for the week ending 18 September 2021

Published 8 days ago

The top non-Tom article this week is My Gold Stocks, and Time To Revisit One I Let Go? by Nigel Somerville at number 4 or number 9 if you include the Bearcast.

10 red flags we all might have spotted at the Umuthi fraud

Published 9 days ago

This weekend’s short letter on the N50 website will look at a company whose shares you can trade. Today, I am feeling pretty proud of my take-down of Standard Listed Umuthi (UHS) whose March 4 IPO was to have valued it at £368 million. A series of articles HERE has seen its sole NED resign and nobody now seems to doubt that this is a complete fraud with no business and that the revelations are truly shocking. Sadly, as it is an obvious zero, its shares are suspended but there are lessons. Here are 10 signs that this was a fraud:

Another Winnileaks bombshell – Gert Viljoen sends a lie packed email to Umuthi shareholders

Published 10 days ago

Thanks to the Winnileaks service I have been sent an email from Gert Viljoen, the CEO of the Umuthi (UHS) fraud, sent on 18 September 2019, almost 18 months before the FCA allowed this con to list. Read and weep at the lies Gert told to folks sold shares in Umuthi by either him or the Queen of the fraudsters Connie Van Nieuwkerk with most of the cash trousered by Gert or Connie and a bit going to Umuthi.

Winnileaks special - FCA assures the fraud Umuthi NO formal enquiry

Published 11 days ago

By June 10 as the FCA suspended trading in shares in the fraud Umuthi (UHS) for a second time it had been aware for a while that this IPO was put together by a fraudster known for cooking the books and banned from doing any financial services work by the South African equivalent of the FCA. But in this letter, passed to the Winnileaks service, sent to Umuthi while it asks a stack of questions the FCA stresses there is NO formal enqury. FFS why not? And some of the questions it asks, regarding the resignations of Memery Crystal and PKF Littlejohn should surely have been asked back in March, rather than after the shares were allowed to resume trading – albeit for only two weeks – on May 25. The FCA is not fit for purpose as we noted here. The letter is below.

Tom Winnifrith Bearcast - what about the victims?

Published 12 days ago

I discuss a fascinating article about XL Media (XLM) HERE in the Times of Israel. If I wanted to list a fraud I’d be big on ESG as was XL. Chris Bailey’s fund manager pals would love it as I stole all the cash. I look at gender targets and ask what they should be, referencing Principals of Cambridge Colleges. I look at Mercantile Ports (MPL) and PrimaryBid and then what I plan, or hope, to do next about the fraud Umuthi (UHS), ask the victims to tell their stories. I look at Paul Johnson’s Power Metal Resources (POW) and its latest news which takes me back to 2007 and Mark Watson Mitchell’s Yellowcake. I comment on Asimilar (ASLR) and then go to town on Deepverge (DVRG) and its journalist trolling cock of a CEO Gerry Brandon explaining why I believe investors were materially misled in the run up to the £10 million June 7 placing and why the company is, for a variety of reasons, a total bargepole. It is just not investment grade material.

Tom Winnifrith Bonus bearcast - talking to a man about Umuthi, forged bank documents and other matters

Published 12 days ago

In between trying to make mint cordial, mint ice cream and damson jam last night I had a call from a man who had done some work for Umuthi (UHS) and what he said about a forged document purporting to show a bank transfer and a blocked site visit is further evidence of what a complete fraud this is from top to bottom. I relay it to you and wonder what the FCA will say about this?

Tom Winnifrith Bearcast: my next fraud expose will be on AIM

Published 13 days ago

a few more words on Umuthi (UHS) after today’s bombshell and on where it leaves the FCA. Then I flag up a few personal committments which sees me cooking like a dervish for a few days but then I shall be onto my next fraud expose which is also in Africa but this time with AIM listed companies. Then I look at comedy from ADVFN (AFN) ask a serious question abut Chill Brands (CHLL) and the proven liar John Story and finally discuss Argo Blockchain (ARB)

BOMBSHELL EXPOSE: Umuthi - The Standard List fraud that exposes the slime at the heart of the City of London, part 9: the disgraceful failures of the FCA, not fit for purpose

Published 13 days ago

So far you have met the fraudster Queen, the other South Africans on the board who are mired in this fraud and an enabler, broker Pello and its boss Andy Frangos who are also deeply implicated in the Umuthi (UHS) bezzle and the patsy UK NED Colin Bloom - now since resigned. Then we established that nobody actually knows how many shares there are in issue. and finally we established that there is almost certainly no real business at Umuthi whatever it accounts state! And then we exposed the red flags over auditors and the enablers at Jeffreys Henry Earlier today I turned to the resignation of Memery Crystal. Next up is the UK’s regulator and why this episode, again, shows it to be not fit for purpose.

BREAKING BOMBSHELL: Umuthi - The Standard List fraud that exposes the slime at the heart of the City of London, part 8: the resignation of Memery Crystal

Published 13 days ago

So far you have met the fraudster Queen, the other South Africans on the board who are mired in this fraud and an enabler, broker Pello and its boss Andy Frangos who are also deeply implicated in the Umuthi (UHS) bezzle and the patsy UK NED Colin Bloom - now since resigned. Then we established that nobody actually knows how many shares there are in issue. and finally we established that there is almost certainly no real business at Umuthi whatever it accounts state! And then we exposed the red flags over auditors and the enablers at Jeffreys Henry. Now we turn to the resignation of lawyers Memery Crystal a firm I have thrice beaten off after it sent fascist bully boy letters threatening me on behalf of crooks like Chris Cleverly. Memery was lawyer to Umuthi.

Tom Winnifrith Bearcast: ITM - this is truly bonkers

Published 14 days ago

In today’s bearcast I look at MyHealthchecked (MHC), Umuthi (UHS) with a warning for the FCA of what is happening tomorrow and a discussion of what it takes to be a fraud enabler and at ITM Power (ITM) and green investing.

The Umuthi fraud: Letter to Financial Reporting Council – full investigation into Jeffreys Henry & Sanjay Parmar needed NOW!

Published 14 days ago

Following my bombshell earlier about how Jeffreys Henry signed off accounts that PKF LittleJohn refused to put its nsme to and which were prepared by Connie Van Nieuwkerk, a lady banned from financial services after cooking two sets of PLC books, I have now written to my good friends at the accounting watchdog, the FRC.

Umuthi - The Standard List fraud that exposes the slime at the heart of the City of London, part 7: the role of auditor Jeffreys Henry - is it a criminally negligent enabler of fraud?

Published 14 days ago

BREAKING: Ouzo on my cornflakes: Colin Bloom UK Non Exec at the Umuthi fraud resigns with immediate effect reports company to FCA & SFO

Published 14 days ago

Praise be the Lord! I can reveal that, after my weekend barrage, devout Christian and Tory Party hack Colin Bloom has this morning resigned as the sole UK director of the Umuthi (UHS) fraud. Amen. Moreover…

TomWinnifrith Bearcast: when the facts change what do you do: Umuthi and MyHealthchecked

Published 15 days ago

As folks close to the fraud Umuthi (UHS) start to play the man not the ball I set the record straight. I have agonised about the ethics of this as a journalist but feel I have no choice and then to MyHealthChecked (MHC) where we shareholders have to accept that facts changed today.

Notes from Underground - Most read articles for the week ending 11 September 2021

Published 15 days ago

The top non-Tom article this week is EXPOSE: Powerhouse Energy – What is its tech all about? This really is all hot air, smoke & mirrors by Peter Brailey at number 5 or number 10 if you include the Bearcast.

Umuthi - The Standard List fraud that exposes the slime at the heart of the City of London, part 6: there is no actual business here at all

Published 16 days ago

Tom Winnifrith Bearcast - thoughts on 9/11 and the advantages of being older as greed is all around us

Published 16 days ago

I start with a few reflections on that dreadful day 20 years ago. Then look at Oxford Nanopore and Central Copper and the advantages as an investor of having been around the block a few times as greed right now is all around us. Finaly a few more words on Umuthi (UHS) after today’s shocking exposes and what the FCA needs to do asap about this scandal.

Footnote: Will Colin Bloom’s powerful Tory pals or the God he professes to love protect him from the Umuthi sleaze?

Published 16 days ago

Thanks to a reader who points out that Colim Bloom, the patsy English NED at the fraud Umuthi (UHS), is a leading and well connected Tory as well as a devout Christian. For £3,000 a month he seems happy to remain a director afraid of no comeback. Perhaps that is because, like the fraudster Chris Cleverly who amazingly enough is linked into this story too, he is well connected to leading Tories. Or maybe, like Julie “lingerie on expenses” Meyer (Praise be the Lord), he is doing God’s work? Here is a news release from our beloved Government. Pass the sick bag.

Umuthi - The Standard List fraud that exposes the slime at the heart of the City of London, part 5 - How many shares were in issue & follow the money

Published 16 days ago

Updated: MyHealthChecked – Results, Trading statement and Roadshow dates: BUY at up to 4p

Published 16 days ago

Events have moved apace since this appeared.These shares are not a buy as explained HERE. MyHealthchecked (MHC) has flagged up what we loyal shareholders can all expect to hear about over the next month or so. First up on September 29 when we will get the interim results to June 30 and a Q3 trading update.

Umuthi - The Standard List fraud that exposes the slime at the heart of the City of London, part 4 An Englishman Patsy abroad, Colin Bloom

Published 16 days ago

So far you have met the fraudster Queen, the other South Africans on the board who are mired in this fraud and an enabler, broker Pello and its boss Andy Frangos who are also deeply implicated in the Umuthi (UHS) bezzle. Now to the useful idiot, the patsy Brit on the board. A man in denial….for three grand a month, the man grinning at you below,Mr Colin Bloom.

Tom Winnifrith Bearcast - More from the Umuthi fraud bombshell and the key valuable lessons (so far)

Published 17 days ago

Today has been dominated by exposing the Umuthi fraud. There is a stack more to come on this over the weekend but I hope you have enjoyed it so far. I discuss another couple of aspects of this case and lessons we should alllearn. Then it is onto Audioboom (BOOM) and All Active Asset Management (AAA).

Umuthi - The Standard List fraud that exposes the slime at the heart of the City of London, part 3 one of the implicated enablers, Pello Capital

Published 17 days ago

So we have met the fraudster Queen who managed to float Umuthi Healthcare (UHS) HERE and established that board members were complicit in this criminal and fraudulent IPO HERE. But what of the folks who enabled or facilitated this fraud here in the City of London where ones word is ones bond? Before we turn to the fraud at the heart of Umuthi a brief mention is due of the advisers and we start with Pello Capital, a broker and adviser to Standard listed firms.

EXPLOSIVE: Umuthi - The Standard List fraud that exposes the slime at the heart of the City of London, part 2 the rest of the board knew

Published 17 days ago

In part one of this series I established that the flotation of Umuthi Healthcare (UHS) on the Standard List which is regulated by the FCA was organized by a serial fraudster who also made out like a bandit selling shares before and after the IPO claiming they would roof it. But was she acting alone? Did the rest of the board, notably CEO Gert Viljoen and Chairman Advocate Shaun Gresse know about her past? The answer is shocking and can be found in an email from Viljoen which has found its way into my hands.

MAJOR SHOCKING EXPOSE: Umuthi Healthcare Solutions- The Standard List fraud that exposes the slime at the heart of the City of London, part 1 The Fraud Queen

Published 17 days ago

After sending a prospectus for FCA approval again and again since 2017, Umuthi Healthcare Solutions (UHS) finally got approval on the 24^th attempt and on 4^th March this year, its shares joined the Standard List. Six days after listing, its auditors quit, joining two legal advisory firms who had already resigned in the previous 12 months. The shares were suspended and then trading restored on 25^th May. They were again suspended on 10^th June and look set to never come back as this is the most scandalous of frauds as I shall explain with a series of shocking exposes over the next 48 hours.

Will the late Roy Castle be getting his book out again? Is Umuthi set for the shortest stockmarket career ever covering the FCA (again) in manure?

Published 199 days ago

Eurasia Mining (EUA), of which more later, has already met Roy this week as it became the company to have enjoyed the longest spell ever under a Formal Sale Process without actually getting a bid or admitting there would be no bid. It snatched that record from Best of the Best (251 days) on Thursday morning. But before the late Mr Castle thinks his job is over, I sense Umuthi Healthcare (UHS) may also get to meet him, Norris and, of course, Cheryl Baker, formerly of Bucks Fizz. In doing so, it will show that however many women the FCA promotes it is still useless.

Tom Winnifrith Bearcast: We are under a DOS attack @ShareProphets and a Zoetic owning moron claims credit

Published 200 days ago

Is the Zoetic (ZOE) owning moron really responsible. Clearly he does not believe in a free press, hates me and boasts of it. But we are under a massive attack which is a bit of a distraction. Elsewhere I look at the bonkers turn of events at Umuthi (UHS) and speculate why the FCA has suspended the shares.

Tom Winnifrith Bearcast: a Reminder of AIM Rule 11 for sleazy Tone

Published 203 days ago

There is news from the garden. Then a few notes on covid testing stocks. Then comment on Umuthi Healthcare (UHS) and finally a reminder of AIM Rules for Westminster Group (WSG) chaired by ex Tory MP Tony Baldry of 3DM infamy. There is also an explicit warning on Eden Pharma, a potential pot IPO.

If Umuthi thought Richard Jennings was kidding....here is the First Gazette! Tough luck fascist bastard lawyers Memery Crystal

Published 245 days ago

I did warn Umuthi PLC and its top notch advisers at fascist bastard lawyers Memery Crystal that Richard “Nobody likes me and I don’t care” Jennings was serious but, as ever, those smart folk down in London knew best. Today Jennings and his Align Research firm have indeed – as I predicted - filed a First Gazette notice against Umuthi which will , almost certainly, see it wound up. You can see the filing below. This will sink plans for a Standard Listing masterminded by Memery Crystal who will then not get paid. Oh dear. I have a lot of history with Memory Crystal. It likes acting for scoundrels.

Umuthi – Oh Dear, Jennings strikes in Court & it looks grim for Memery Crystal et al

Published 250 days ago

The winding up order petition against Umuthi Healthcare was submitted by Richard “nobody likes me and I don’t care” Jennings of Align Research on 18 January. Umuthi, which still insists that it is set to list imminently on the Standard List in a £100 million – no sniggering at the back – transaction masterminded by bastard lawyers Memery Crystal, said it would fight. Er…

The IPO of Umuthi – 5 days to winding up order Court Hearing

Published 257 days ago

The date has now been set. On 18^th January, a judge will, almost certainly, grant Richard Jennings and Align Research a winding up order against Umuthi PLC. Jennings has made 17 agreements with the company to defer payment of a low 5 figure bill and every one of them has been breached. But still Umuthi is trying to list on the Standard List.

BREAKING: Winding up Order issued for Umuthi Healthcare – will FCA notice before it floats on Standard List?

Published 286 days ago

Back on 26 August Umuthi Healthcare announced via RNS that it was to float on the (sub) Standard List of the Main Market, that is the one where those fine chaps and chapesses at the FCA are in charge of admissions. All was set for the UKLA to set a listing day in early September, we were told. But then came a delay.

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