As African Potash (AFPO) this company was booted off the AIM Casino after its Nomad quid when discovering – thanks to me – that the company had told grotesque lies to get placings away, it had committed fraud. Chris Cleverley, cousin of leading Tory James who is no longer claiming he wants to buy West Ham, then took Potash to the Aquis lobster pot, changed its name to Block Commodities (BLCC) and carried on telling lies to investors for which the company was censured and fined, after I pointed this out to regulators. Could it get any worse? You bet.
When your cousin James is a Foreign Office minister and tipped as a future Prime Minister and you mix freely among the Westminster great and good you might think that you are above the law. That certainly seems to be the case for Chris Cleverly who has spent the past five years lying to investors and raising cash on the back of it. Now he has a new con which he is trying to float on the Standard List of the London Stock Exchange via a backdoor reverse takeover into an insolvent company, and he has now roped in a US listed company which is already lying to its investors. The FCA and SEC must act at once. Cleverly’s crime spree started at AIM listed African Potash (AFPO).
Amazingly, after all the lies, well documented on this website, that African Potash (AFPO) told before being slung off the AIM sewer and all the lies it has continued to tell under its new name of Block Commodities (BLCC) while on the joke Aquis Market, the shares remain listed. Lyin’ Chris Cleverly has, however, stepped down “to pursue other interests”. That announcement came as the company managed to find an adviser to act for it. I wonder if it was a condition.
Oh dear, Lyin’ Chris Cleverley, the cousin of Tory party bigwig James, is in a spot of bother having been slammed by the regulators of the junior exchange Aquis for misleading investors in his POS company Block Commodities, formerly African Potash. Better still, Aquis acted on a specific letter from my good self sent on 18 November 2019.
I start with a few words on Brexit Day and how we celebrated it HERE in Wales. Then with case studies Toople (TOOP) and Haydale (HAYD) I look at clear Nomad and adviser failings harking back to those at African Potash (AFPO) and suggesting why it is vital that, now, heads start to roll. I also discuss Future (FUTR) and Optibiotix (OPTI) and suggest that you all follow the great example of No Gold HERE
On 18 November 2019 I wrote to the clowns and buffoons who describe themselves as the NEX Markets Regulation department, no sniggering at the back please, with slam dunk evidence of three monstrous lies told by Lyin’ Chris Cleverley’s Block Commodities (BLCC), formerly African Potash (AFPO) until it was slung off AIM after I proved it was engaged in wholesale fraud. The twits at NEX acknowledged my letter and have clearly done nothing about it as Lyin’ Chris has issued a new release showing how he has broken all the rules. Again!
On Friday I demonstrated that Lyin’ Chris Cleverley’s NEX listed Block Commodities (BLCC) had told material lies to investors, lies tantamount to fraud, since March 27 this year. I have today written to NEX Regulation and the FCA demanding that action be taken against Cleverley and Block, starting with its delisting but not ending there, and that corporate adviser Alexander David Securities lose its NEX license for enabling this mendacity. The letter follows.
In the years 2015-17 I demonstrated numerous times with articles such as African Potash (AFPO), No No No you are lying bastards and African Potash - now let's look at the lies in the RNS 6 days before the bailout placing in January, that then AIM listed African Potash run by Lyin’ Chris and Labour peer Lord Hain of sleaze had told industrial scale lies to ramp their shares and get away placings. This was fraud plain and simple….
In this bearcast I look at what a dismal failure AIM has become and examine the inherent conflicts of interest which make such failure ( for investors) inevitable. I reference Management Resource Solutions (MRS), Daniel Stewart (DAN), African Potash (AFPO), Arden Partners, Paul Shackleton, Naibu (NBU), Cantor Fitzgerald, Sefton Resources (SER), SP Angel, BlueJay Mining (JAY), Vialogy, Yourgene (YGEN), Quindell (QPP), Globo (GBO) and more. If you enjoyed this how about becoming a hero and donating to rogue bloggers for Woodlarks TODAY HERE
I thought that April Fool’s Day had come early when I spotted the RNS last week that Block Commodities (BLCC) had raised money to invest in the medicinal cannabis market and had entered into an agreement to buy land in Sierra Leone for this purpose!
African Potash (AFPO) released 2 RNS statements about claimed deals in Southern Africa,. The shares raced ahead. Nomad Cantor Fitzgerald and its QE Mr Stuart Dick signed off on those RNS statements but cannot have bothered to check the original documentation about those deals. Because I got hold of that documentation & published it and that showed the RNS's were misleading. But they caused a share spike allowing a bailout placing to go ahead.
It seems as though AIM-listed Tern has been found out – and not for the first time. Having had my traditional ouzo, the question is what happens next. And while we are at it, what about its investments into InVMA?
I thought I would do an update on Stuttard’s Septic Seven – a portfolio carefully selected for Marcus Stuttard, the head of AIM for him to invest his cash in to demonstrate his utmost confidence in the regulation of the system he oversees as the Sham Sheriff. The members were all companies we had Red Flagged here on ShareProphets – but not to worry, because no action had been taken and investors were still free to lose (oops, sorry) invest their cash in those shares. It is some nine-ish months since I looked at this portfolio. I wonder what has changed?
In today's bearcast I celebrate six years of being a full time investigative writer not a crony capitalist. I take issue with Roger Lawson on the deadwood press and how the view me but agree partially with him on Inheritance Tax. I explain why there is a flood of Julie Meyer material and why it is justified. I look at Alfa Financial (ALFA) and its 1 year anniversary profits warning. I update on the African Potash (AFPO) class action against its Nomad Cantor Fitzgerald and how things are moving and why this could be my crowning achievement. Finally.. we are almost at £5,000. We are seeking to raise £20,000 for Woodlarks. that will be a game changer for a great charity. 95% of listeners have not donated. To those who have I say thank you. To the rest, I know you can afford a tenner. Please cough up now HERE
It does seem like this is dragging on but the class action group of shareholders in what was AIM listed African Potash (AFPO) seeking compensation from Nomad Cantor Fitzgerald for allowing untrue RNS statements to be issued, seem on the verge of actinn.
It is hard to know what to say about the latest news from African Potash (AFPO) so I present its latest release to you in full below. Fan-bloody-blockchain-tastic. Elsewhere I comment on BCA Marketplace (BCA), Torotrak (TRK0, Optibiotix (OPTI) and Fishing Republic (FISH)
A fortnight ago, I had some fun suggesting that quoted companies could goose lackluster share prices by adding buzzworthy words to their corporate name, just like ADVFN parent On-line Plc did by becoming On-line Blockchain Plc.
In this bonus podcast prompted by recent events at African Potash (AFPO) and ADVFN (AFN) I look back on other bouts of market insanity. There was the radio boom of the 1920s and the dot com boom of 1999-2001 but is the blockchain bubble at 1999, 2000 or 2001? Among the companies also mentioned are On Line (ONL), Vela (VELA), Milestone Group (MSG) and Coinsilium (COIN), where we have a small holding. Madness, my friends, is in the air.
On 25 October the fraud African Potash (AFPO), now listed on the NEX lobster pot having been slung off AIM, managed to raise £60,000 gross (call it £45,00 net) at just 0.06p to keep the lights on. It is still drowning in liabilities and clearly insolvent. Hey ho, wind forward 12 days to today....
Yesterday I pointed out that Andalas Energy (ADL) was almost insolvent and that house broker Beaufort was in denial. But now let us turn to something which Nomad Cantor Fitzgerald somehow thought it apppropriate to omit. Sarah Wharry at Caantor you should be ashamed and if/when Andalas goes tits up you may well get sued just as your firm is over its negligence at the African Potash (AFPO) fraud.
There is another update on the potential claim against Nomad Cantor Fitzgerald for its negligence in allowing the fraud African Potash (AFPO) to post utterly untrue statements to ramp its shares ahead of a rescue placing. Peter Petyt who is co-ordinating a claim for more than 100 aggrieved shareholders writes:
Those seeking to oust the board at Stratex (STI) have not been playing with a straight bat as an RNS late yesterday made clear. They are vermin who should be sent packing. Ditto Professor Conroy of Conroy Gold & Natural Resources (CGNR). I have news on his latest courtroom scrape in Dublin and also on the Afren (AFR) whistleblower to whom I make a generous offer. I am warming to Blur (BLUR) after today's placing and am almost tempted to nibble now that ghastly Phil Letts and his even more ghastly Mrs have gone. There is a detailed analysis of interims from Watchstone (WTG) - Quindell as was. Do not get suckered by that headline cash number. It is not real and the shares are a sell. Finally there is an update on the African Potash (AFPO) and Paragon Diamonds (PRG) litigation.
The whistelblower who assisted me in exposing the fraudulent statements made by lyin' Chris Cleverley and African Potash (AFPO) and signed off with no attempt to verify by Stewart Dickson at nomad Cantor Fitzgerald has now assisted those investors who want their money back. Praise be the Lord, Cantor is in the merde.
Well here we are a few weeks short of the anniversary of the creation of out Septic Seven stocks which we had Red Flagged but were at the time still trading on AIM. Marcus Stuttard, the sham sheriff and head of AIM, obviously had complete faith in the regulatory setup of the Casino which is why this portfolio was set up. After all, if he is completely happy with the regulation of AIM (for which he is responsible), he should be happy to pony up his cash in out basket of diversified stocks. We might consider all members of the portfolio as littered with Red Flags, but obviously he doesn’t and therefore some of the joke PEs are highly attractive.
It is August and Marcus Stuttard, the head of AIM, sees his portfolio of AIM stocks selected for him get to within 40 days of a full year. Out of the seven three have been booted off the market, one is suspended (no accounts) and the other was booted off AIM but got listed on the NEX lobster pot until it was suspended on that market as well. But Mr Stuttard is completely happy with the regulatory environment of the world’s most successful growth market.
By now the newly appointed Nomad to Telit Communications (TCM) that is to say FinnCap will be very much aware of the confusion about its CEO Oozi Cats whose real name is Uzi Katz and his Mrs, Ruth Veronique, and a couple of fellow Israelis with the same names and birthdays who took flight/skipped bail to avoid facing trial for real estate fraud in Boston in 1991. Natch this is all a big coincidence.
A year ago I thought that loans taken out an annualised rate of 30% such as that African Potash (AFPO) obtained from the fragrant wife of its hapless FD were a rum and coke. But that is nothing to the stunning admission today from Andalas Energy (ADL) - a loan repayable in one month at an annualised rate of 150%. Even by the standards of AIM Casino junk - Wowee.
Did you lose money on the wipeout at AIM Casino Paragon Diamonds (PRG) run by Philip Manduca? If so there is, perhaps, a chance to get it back from Nomad and broker Northland which made a killing on fees from Paragon and signed off on all of its statements, the veracity of which has been questioned.
This has massive implications for the AIM Casino. We saw last week that the London Stock Exchange was washing its hands of tackling Nomads who sign off on frauds and so allow investors to lose all their cash to shysters. Now the private sector moves in. I can reveal today that Cantor Fitzgerald will be sued by investors who lost money on the African Potash (AFPO) fraud because it was negligent in signing off on fraudulent releases. If this case wins the floodgates are open...
When African Potash (AFPO) goes bust and its boss lyin' Chris Cleverley has to look for another job he should have a crack at comedy. His release at no-one is watching O'Clock yesterday was pure genius.
To be thrown off one market because your adviser tired of signing off on lies is understandable, if you are a fucktard in AIM Regulation who does not care about fraud. But, to paraphrase my fellow Anglo Irishman Mr Wilde, to be thrown off two markets for that reason looks like carelessness. And that brings us to the fraud African Potash (AFPO).
Oh boy, it’s time to revisit Marcus Stuttard’s Septic Seven and we have yet another suspension. You will recall that this portfolio of seven diversified stocks from the AIM Casino was chosen for Mr Stuttard so that he might demonstrate his faith is his own regulatory setup at the world’s most successful growth market – but with the caveat that all the stocks selected had been Red Flagged but were still trading. In the week that the LSE washed its hands of any responsibility for fraud it is scores of the doors time, after not quite 10 months.
Of course Cantor Fitzgerald is so large that it could afford to compensate all of the 70 or more investors working with Peter Petyt and this website to try to recover losses from the African Potash (AFPO) fraud. But the publicity of a case would be hugely embarrassing so sordid would be the revelations. Anyhow just 10 days more sweating for Cantor...there is an update from Petyt.
It is five weeks since our last update on the portfolio of seven AIM stocks selected for Marcus Stuttard, the sham sheriff of AIM, to put his money into to show his faith in the system of regulation last September. As you will recall, these were all companies which we had Red Flagged but about which AIM Regulation had done nothing. Last month the losses were 61.7% in about 8 months.
You would have thought that having not one but two advisers resign because they would not sign off on its lies, being out of cash, having its shares suspended on NEX after being slung off AIM would be enough to kill African Potash (AFPO). But it appears that the holy water, the garlic, the silver crucifix, the stake through the heart and all the other tools in Van Helsing's bag are not enough. But remember, in the end the Count will die.
"Lyin' Chris Cleverley, fascist lawyers Memery Crystal,, NED Declan O'Brien,clueless accountants RSM Tenon, SA sleazebag MP Mark Simmonds, Phil Edmonds, Andrew Groves, we have beaten them all, we have beaten them all!. Lord Hain of sleaze, can you hear me? Lord Hain of sleaze ... your boys took a hell of a beating! Your boys took a hell of a beating!" Yes I think we can now declare victory in the war against African Potash. It never ends well for frauds especially those who hire fascist lawyers to send wanker letters to The Sheriff of AIM.
In this week's contest we were looking for special examples of folks who learned their maths the Diane Abbott way. It seems the regular ShareProphets' rogue's gallery was nominated. But we could choose only one.
The case for suing Nomad Cantor Fitzgerald over the African Potash (AFPO) fraud builds. It may be that CEO Lyin Chris Cleverley is also sued by shareholders who lost out although it is suspected that he has little in the way of assets so it may be worth sticking with Cantor. The man running the case Peter Petyt has just sent the following update with intriguing new information:
Marcus Stuttard, head of AIM and the oxymorons of AIM Regulation, had a specially selected and beautifully diversified portfolio of AIM stocks chosen by ShareProphets back at the end of last September so that he could demonstrate his faith in the regulatory set-up of the market he runs. Naturally, there was nothing at all wrong with any of the companies picked: they were all trading on the Casino as normal, so we were just plain wrong to be Red Flagging them all for one reason or another. We were just so, so wrong that……
As you know I have been keen to ensure that all those who cost investors millions of pounds in facilitating the fraud that was African Potash (AFPO) face justice. Thus I have been pushing to assist those who did lose to get some of their cash back with a legal case against the Nomad Cantor Fitzgerald. The man in charge of that is Peter Petyt who has just sent an update to those who have contacted him. If you lost money and want to get on board it is NOT to late. Peter writes...
This week's contest is graciously sponsored by African Potash, AIM, NEX, Chris Cleverly vehicle that is bound to hit the stratosphere.*
On 12 April 2017, the fraud that is African Potash (AFPO) announced a change of auditors from RSM UK Audit LLP to PKF Littlejohn LLP. One can understand why RSM UK Audit LLP might be keen to cease its relationship with a company with the frankly appalling track record of African Potash but how desperate does PKF Littlejohn LLP look in taking on African Potash as an audit client?
As I flagged up over the weekend, in a desperate attempt to keep the fraud from becoming insolvent, African Potash (AFPO) has proposed a RTO of a company called Onshore Energy Limited, OEL. Lyin' Chris Cleverley Potash's boss is also a director and shareholder on OEL. But it gets worse. Much worse.
Before I call it a day I want to see the victims of the African Potash (AFPO) fraud get some of their money back, even if some of those victims were fairly beastly to me as I exposed the fraud. Friday's bombshell from Potash shows the game is up but the big frauds happened before this worthless enterprise was booted off AIM. To that end I have been working to help put together a legal action. That action is now almost underway and Peter Petyt, the man running things, wrote to more than 50 victims who have come forward at the weekend. If you lost money and want to try to get it back it is not too late to contact Peter. His letter & contact details follow.
This really should have been an ouzo o'clock moment as lying Chris Cleverley, Lord Hain of sleaze and the gang round at the African Potash (AFPO) fraud saw their shares suspended on the NEX lobster pot. But I was a good diabetic and had a Greek salad, medication and water instead. But I am off sick leave this morning because dissecting such unmitigated horseshit brings joy to my heart and is good for the blood pressure and the soul. This is comedy central from lyin' Chris who is still to follow through on his promise to sue me for libel. I can't think why. The Potash statement is in bold, the lie detection service is not. Brace yourself, this is funny.
Obviously the world’s most successful growth market is tightly regulated and supervised by Marcus Stuttard’s oxymorons of AIM Regulation, who seem incapable of applying their own rules. That is why we selected a beautifully diversified portfolio of stocks which we have Red Flagged here on ShareProphets but since Mr Stuttard’s well-oiled regulatory machinery is just so good there must be nothing wrong. Nothing at all…..which is why after 200 days the portfolio is down by 55%. Oops.
I think I should rename Deputy Sheriff Towers as Smug Towers. Having offered two sells in the ShareProphets Tipfest for this year, Igas Energy (IGAS) duly crashed to bottom out at 4.5p (I’d been saying sell from 18.5p - last year’s Christmas tipfest, and then 11.625p this year). Last week came the turn of Filthy Forty play Taihua (TAIH) to do the decent thing and collapse in the wake of an entirely squeaky clean suggestion that it delist from the Casino. There’s nothing wrong here at all – move along please, nothing to see……
At the end of the Cloudtag (CTAG) session at UK Investor Show a man called Peter Petyt was introduced. He has been working with Tom Winnifrith to see if a case can be brought by those who have lost money on the fraud African Potash (AFPO). And it is now looking more than okay.
Marcus Stuttard, as head of AIM, completely trusts and supports the regulatory framework of the world’s most successful growth market. As such, and ever keen to help, ShareProphets put together a beautifully diversified portfolio of AIM-listed stocks for him, so that he could demonstrate his faith in the system he oversees by investing in stocks which we have Red Flagged. How better than to put his money where his mouth is to show us that there is nothing wrong. Last time I revisited the portfolio it was down by some 23%. If that had Mr Stuttard feeling a bit queasy, he had better look away now….
As the Rangers (RFC) comedy show is back into town again. I could not resist it. Elewhere I discuss Challenger (CHAL), Concha (CHA), a golden stockmarket rule or two, Strategic Minerals (SML) and how its honesty on matters LOC compares to that of the liars running the fraud African Potash (AFPO), Quadrise Fuels (QFI) and then in some detail, Telit Communications (TCM)
This smells all wrong. Shares in African Potash trade (AFPO) trade at 0.02-0.04p on the NEX lobster pot after being booted off AIM. Since January 9 there have been just 23 trades of which only 2 have been at more than 0.045p. In February there have been seven trades and the most recent to sell have been at just 0.021p. Yet today the company has raised money at 0.045p. Who is that mad?:
In its annual report published at no-one is watching O'Clock in the Christmas break, the FRAUD African Potash (AFPO) was forced to include a statement that it needed to raise £600,000 of fresh equity if it was to last 12 months. I should cocoa. The shares are now on the NEX lobster pot and the last trade was eight days ago. Illiquid or what. And as you can see the spread is now 2 one hundredths of a penny which is also the bid price.
January 2017 was another month of shrinkage for AIM in terms of number of companies.The absolute number was down by a net 9 from 982 to 973 companies with 1 readmission and 10 departures including the fraud African Potash (AFPO) which was relegated, in disgrace, to the NEX Markets lobster pot.
Shares in ShareProphets AIM-China Filthy Forty play Jiasen (JSI) have collapsed by another 38% today (last seen) after admitting this morning that having called an EGM proposing to cancel its shares from trading on AIM and move to NEX (the lobster-pot formerly known as ISDX) the application has still not been made. This morning’s RNS makes clear that there is a deadline of tomorrow. Oh dear, oh dear, oh dear. Surely it could not be that NEX, which even found African Potash (AFPO) acceptable, has indicated that it doesn’t want the last remaining listed member of the Fujian Four gracing its exchange, could it? Or is it that the company never had any intention of getting onto NEX?
I have not heard back from Amit Ben Haim, CEO of the fraud Cloudtag (CTAG) about the generous offer I made him earlier HERE. I am just such an all round nice guy am I not? The bad news for him and lyin' Chris Cleverley CEO of the African Potash (AFPO) fraud is that I met with lawyers today to try to see if their is a case for those who have lost money buying shares in either fraud. We think there is and Potash will be first in line. If you have lost money on Potash my email is email@example.com and follow the instructions in this podcast AT ONCE. I also look at Management Resource Solutions (MRS) and Igas (IGAS) and remind you what it means if bonds in a company trade at a big discount to par.
Oh dear, Oh dear. Another source has come forward to expose yet another monstrous lie told by the fraud African Potash (AFPO) back in the autumn of 2015 as part of its pre bailout placing series of ramptastic lies. The undisclosed bungs, the $10m LOCs that did not exist, the bogus orders all were aimed at getting awasy the January 12 rescue bailout. It worked, the shares were ramped higher. But it was on the basis of lies. That is fraud. Let us rewind to 25 September 2015.
In today's podcast I look forward to tomorrow and a meeting with lawyers to discuss legal action on behalf of shareholders in Cloudtag (CTAG) and the fraud African Potash (AFPO). I look forward even more to a night-time flight to Greece. I look in some details at Rosslyn Data (RDT) and in even more detail at Israeli tech dog Techfinancials (TECH). At a personal level I have been much distracted today by writing up my thoughts after a meeting yesterday to discuss physical abuse at Warwick School 38 years ago - more on that HERE
Yesterday, the lying fraudsters at African Potash (AFPO) announced that the now NEX Markets listed company had managed to raise £125,000 gross - this is an admission that it is bust. I refer you back to the annual report that it snuck out at no-one is watching O'clock around Christmas. As a bonus the RNS of yesterday afternoon contained one slam dunk lie from CEO lyin' Chris Cleverley and his pal the senior NED Lord Peter Hain of sleaze. But I guess no-one cares any more. Lets revert to the notes to the last audited accounts which came out at Christmas. RSM Tenon states:
Good news from the land of high culture: Aussie mining boss ( and former investment banker) Benjamin Kirkpatrick has just been sentenced to 12 months in the slammer. His crime? The same thing lyin Chris Cleverley did at fraud African Potash (AFPO), Fancy a roomie Ben?
Yesterday we noted the announcement from ShareProphets AIM-China Filthy Forty play - and one of the Fujian Four – Jiasen (JSI) that it was proposing to delist from the Casino. Having listed at 82p per share in 2014, the current 3.125p (mid, last seen) seems a trifle disappointing. Today the company has given its reasons for the proposal. Try not to laugh….
If you want to sell shares in the fraud African Potash (AFPO) now on the NEX lobster pot, you will now get 0.03p. So the shares are now more than 99% down from the peak. So what news on trying to sue the board or the advisers at Cantor Fitzgerald to get your cash back?
Now booted off AIM and listed on the NEX Markets lobster pot the fraud African Potash (AFPO) is almost out of cash, owes the FD's fragrant wife Katrina Clayton $985,000 so where is the rescue placing it admitted it needed? Admit it CEO lyin' Chris Cleverley your company is almost insolvent - when will you fess up and suspend the shares?
Marcus Stuttard, the head honcho of the AIM Casino would have us believe that the market is tightly regulated by his team of oxymorons at AIM Regulation. In order to demonstrate his faith in his own system we thought it a good idea to pick him a portfolio of seven stocks which we have Red Flagged so that he could put his own money into them and show us all that there is no problem of fraud on the world’s most successful growth market. Here is the January update for Stuttard’s Septic Seven.
Send Tom Winnifrith a fascist lawyers letter as the fraud African Potash (AFPO) did on September 1 and your fate is sealed. Today African Potash was formally booted off AIM. Now it will fail to raise cash on NEX (formerly ISDX) and will go bust soon. Lyin' Chris Cleverley meet Karma. Ain't she sweet? Amazingly there are still some people out there on the Bulletin boards who think its all my fault and Lyin' Chris runs a great British Company. Whatever. In that vein please nominate the most moronic Bulletin Board or twitter comment you can find in the comments section by midnight on Sunday 15th January. Have fun!
I revisit the seven stages of grief in relation to buying shares in frauds and other disasters. I look at which stage shareholders in the frauds African Potash (AFPO) and Cloudtag (CTAG) have got to and what the psychology of grief tells us about where share prices are heading.
A wide ranging bearcast today covers: Aurum Mining (AUR), Range Resources (RRL), SpaceandPeople (SAL), Harvest Minerals (HMI), Rosslyn Data (RDT), Cloudtag (CTAG) in the post fact era - Adrican Potash (AFPO) and Avanti Communications (AVN).
The fraud African Potash (AFPO) has been formally booted off AIM today as no Nomad is prepared to act for it. It is a day of shame for lyin Chris Cleverley the CEO and his senior NED Lord Peter Hain of sleaze. The shares are now only listed in the joke lobster pot that is NEX Markets, it is almost impossible to sell in any size and even harder to raise cash as a company. So Potash will soon go bust. At the weekend I explained the very odd timeline of seven days in September that lead up to the last Nomad, Cantor Fitzgerald, quitting. Now look at lyin' Chris's words since.
After four and a half years of fighting stockmarket fraud you can get a bit tired. This morning I was dreaming about spending some time out on Mount Athos. But I am not so sure the Mrs is so keen on that plan. And yesterday I got a call from a bloke who has lost his entire life savings on the fraud African Potash (AFPO). Lord Hain do you have a social conscience any more? That call makes me fight on.
For what it is worth there was an announcement yesterday from FTSE stating that African Potash (AFPO) shares will be delisted from the start of trading on 11 January (next Wednesday). Potash has not confirmed this but it looks like it is game over. It cannot refinance while listed on NEX (ISDX) so it will go bust soon. Legal redress can follow but we can now start to piece together a few fascinating dates from three months ago.
The fraud African Potash (AFPO) has until 7 January ( saturday) to find a new Nomad or its shares get booted off the AIM casino first thing Monday. On the ISDX lobster pot (now known as the NEX lobster pot) it can't get a placing away - for reasons explained in this podcast - so it will be tits up within weeks. That has implications for Blenheim Natural Resources (BNR). Jamie Oliver is blaming Brexit as he shuts six of his over-priced branded eateries. But he is just another celeb tosser don't you think? I look at the real macro headwinds the UK faces. There is comment on Crawshaw (CRAW) and then a very detailed review of Lombard Risk Management (LRM) which is, I reckon a car crash in waiting.
ShareProphets AIM-China Filthy Forty purveyor of biblical plagues Asian Citrus Holdings (ACHL) has updated on the long saga of its audit investigation into allegations which suggest fraud. It seems there is little progress, if any, to report as the company hurtles towards the six month mark in suspension from trading, and execution under AIM Rules 41.
I start on the matter of our latest Winnileaks shocker on the fraud African Potash (AFPO). Then it is onto why Malcolm Stacey is just so wrong on the housebuilders HERE. Then I look at Touchstar (TST), Strat Aero (AERO) and Andalas (ADL).
It has already been demonstrated here by the publication of leaked documents that African Potash (AFPO) lied to investors via RNS in November 2015 and January (6) 2016 in order to get a placing away. Now another document has fallen into my possession which shows how Potash misled mug punters into piling into the shares on August 4 2015 as it announced "Landmark Trading Agreement with COMESA". Sadly for CEO Lyin' Chris Cleverley I have the original MOU which we can now compare and contrast with the RNS. Oh dear. Kerboom!
Yesterday I tried to explain the psychology of AIM fraud and fraudsters with reference to both African Potash (AFPO) and Cloudtag (CTAG). The great bear raider Waseem Shakoor also published a note explaining the seven steps of Cloudtag hype to facilitate is main business of share issuance. As you'd expect it is a cracking read. Over to the great Waseem
I start with a section on the African Potash (AFPO) fraud and how and why I need those who have lost cash to contact me to see if we can seek legal redress. I am proposing to fund two small claims cases to establish a precedent. If we win either or both its ramifications for AIM are massive. Then I look at woeful lies from fake newscasters at ITN but in a macro-economic session inspired by Next (NXT), Bovis (BVS) and Cambria Auto (CAMB) I look at now clear macro headwinds which are hitting the UK partly as a result of very bad calls by the twit Carney and the poltroon Osborne and his pea brained successor as Chancellor, Phil Hammond. How can you assemble a short portfolio on the back of that? I answer reader Tony, but also suggest another short portfolio. En passant I mention Infrastrata (INFA) as well as covering CIC Gold (CICG).
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
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.
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.
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.
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.
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.
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.
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.
The prize for the first promise to be broken in 2017 has already been won. That really does take devotion to duty and so one simply has to step back and admire the pure dedication involved. Step forward AIM-listed (pro tem) and ISDX lobster-potted African Potash (AFPO), which promised to have its 2016 Annual Report available on its company website by 31 Dec 2016.
No doubt the convicted criminal Aidan Earley reckons that African Potash (AFPO) is another fine company brought to its kneees by myself and the global shorting conspiracy. Actually it is a fraud which is why it snuck out more lies and bad news at no-one is watching O'clock on Friday. I was watching and this podcast is all about that fraud and what happens next.
In order to show us all what faith Marcus Stuttard, the head of AIM, has in his team of oxymorons at AIM Regulation ShareProphets has selected a beautifully diversified portfolio of stocks for him to invest his own money into. Of course, all seven have been Red Flagged on this website but since was all know that all is well with the regulation of the world’s most successful growth market we are sure that Mr Stuttard will want to demonstrate his trust. At the last update his portfolio was down by 11.6%. Has it fared any better as we close out 2016?
Having seen a cracking 23 dodgy RNSs released on the last trading day before Christmas as bad news was buried in last-minute Christmas shopping and even then a few were slipped out hours after the markets closed, the totally unbiased adjudication of the Global Shorting Conspiracy has reviewed the releases on the last trading day of 2016 for attempts at burying bad news. You were asked how many there would be, and we have a winner. But first, a round-up of the missives concerned.
We have been contacted by a number of shareholders in African Potash (AFPO), which is now on ISDX and will soon be booted off AIM Formally and will go bust within weeks, who have lost money and want to sue someone over this fraud. We will back any such action with a generous donation but the question is who to sue and on what grounds? But, sorry to break the bad news to certain folks on Christmas day, but wheels are in motion...certain folks may wish to call a lawyer PDQ
This podcast follows on from A-E HERE, F-J HERE, and K-O HERE. It is perhaps my longest podcast for many moons but are you surprised? Think about what I cover: P is for Potash - as in African (AFPO), Q is for Quindell (QPP), R is for Revenue Recognition as in Redcentric (RCN) and Servision (SEV), S is not for smear (as in Citigate Dewe Rogerson you total and utter bastards) or Strat Aero although both are mentioned but for Sam Antar and T is for Terry as in Rob,
The fraud African Potash (AFPO) now sees its shares trade on the ISDX lobster pot as it is still yet to find a replacement Nomad to act for it on the AIM Casino following the resignation of Cantor Fitzgerald. Not even Cairn Financial - which pro tem acts for the serial liars at Cloudtag (CTAG) - will act for lyin' Chris Cleverley. So on January 7 the relegation to ISDX will become permanent. The pledges of CEO Cleverley that he was optimistic of finding a new Nomad will be shown to be...er... lies. Quelle surprise. But it gets worse and will get even more worse on Christmas Eve.
Surprise, surprise. After three months of looking for a Nomad to replace Cantor Fitzgerald who did not want to sign off on any more lies, the FRAUD African Potash (AFPO) has found no-one to take on the gig. It says that it is still in talks but who is so desperate for cash that they would want to act for such a slam dunk fraud? If no-one signs up for reputational hari kiri by January 7 Potash will be slung off the AIM Casino for good. Right now its shares are merely suspended. But what about the ISDX listing?
My day at the olive harvest was tiring and curtailed only slightly by Vreki - details HERE. But that explains the late bearcast on a day of stockmarket insanity. I discuss Santa rallies and some true indicators of the lunacy that abounds. At a company level I comment on Cloudtag (CTAG), Servision (SEV), African Potash (AFPO), Advanced Oncotherapy (Hee Hee), Metal Tiger (MTR), Amur Minerals (AMC) and Strat Aero (AERO).
Shares in the fraud African Potash (AFPO) made their debut on the ISDX lobster pot today and for some reason have surged on AIM. This is a dead cat bounce. Tomorrow they will be suspended on AIM and a month later booted off the Casino because no Nomad will act for this company - Cantors having given notice on September 7. The reason that no Nomad will act - despite promises from lyin' Chris Cleverley in a recent RNS that he was confident one would - is that Potash issues lies via RNS to get placings away. Thus it is a fraud.
The ouzo is on ice for the suspension of shares in the fraud African Potash (AFPO) on December 7th and I am still comtemplating buying a share and going to its GM in Guernsey on 20th December - it would be a hoot. Its dwindling band of followers are posting some delusional rot although the Cloudtag boards are a better source of madness. Anyhow post any BB comments or tweets (even comments from our own Wildes on Fastjet) in the comments section below. The deadline for entries is midnight on Saturday 3rd December.
I am utterly wiped out after day one of what looks like being a cracking harvest. A full photo report is HERE. In the podcast I discuss votes tomorrow in Austria and Italy and what they mean and why we bears are feeling good about the lack of a Santa Rally. Trump was Santa this year and that rally is over. I explain why I disagree with Malcolm Stacey's article today. I then look at a number of AIM stocks set to slide and why, as I refer to Steve's piece earlier. In focus: Avanti Communications (AVN), Advanced Oncotherapy (AVO), Telit (TCM), Boohoo (BOO), Tungsten (TUNG), Fastjet (FJET), Cloudtag (CTAG), African Potash (AFPO) and I have a few words about Worthington (WRN)
Eleven days ago I updated the death list portfolio which now sees me on ten kills from 31. However I now take Wandisco (WAND) off the death list after the recent management change. We need a replacement so entrant number 32 is ...IGAS. It looks as we may need two new entrants soon given the recent news from Worthington (WRN) and the FRAUD African Potash (AFPO) but that can wait for another day.
Yesterday I pointed out that the FRAUD African Potash (AFPO) had applied to join the ISDX lobster pot as of December 8, the day its shares will be suspended on the AIM Casino if no Nomad is prepared to act for it, Cantor Fitzgerald having tired of signing off on its lies. I also pointed out that lyin' Chris Cleverley had failed to tell his shareholders. Today Potash fessed up..but it gets worse.
African Potash (AFPO) saw its Nomad Cantor Fitzgerald quit on September 7 and it is still yet to find a replacement who will sign off on its bogus and untruthful press releases. If no-one steps up to the plate by December 7 its shares are suspended and a month later they will be booted off AIM. African says it is confident it will find a replacement Nomad but just in case... the shysters have been busy.
The return of the Bulletin Board Moron of the week (tweets are also allowed) contest saw a myriad of entries and Cloudtag (CTAG) is clearly the ramp de jour of the BBM Community although a few followers of African Potash (AFPO) seem pretty deranged. You can see the many splendid entries HERE but the winner is...
It is four weeks since the last update on the fortunes of our specially selected and diversified portfolio of AIM stocks which we think that the sham sheriff of AIM, Mr Marcus Stuttard, should invest his own cash into as a way of demonstrating his faith in the market he runs and the competence of his team of oxymorons at AIM Regulation. We have Red Flagged them all, but naturally we must be wrong because this is the world’s most successful growth market. And so in month two our index has gone from a 4.5% gain to……
How is that for a Thanksgiving mixed metaphor of a title? In this podcast I look at denial, red flags and bending the rules on the Casino. Among the companies covered today are: Advanced Oncotherapy (AVO), Cloudtag (CTAG), African Potash (AFPO), Fastjet (FJET) and the insider dealing, Mkango Resources (MKA), London Capital (LCG), Audioboom (BOOM), Milestone Group (MSG) and I flag up that Steve & I have a hot share tip you can access for just £5 coming up very soon HERE
The FRAUD African Potash (AFPO) has today snuck out notice of a General Meeting in an RNS which does not actually tell you what the meeting is for. It merely states that "a General Meeting ('GM') will be held at 12.00 p.m. on 20 December 2016 at Richmond House, St Julian's Avenue, St Peter Port, Guernsey GY1 1GZ.". I am sorely tempted to buy one or two shares in this company to attend and try to block the motion in hand. But I need to ask folks a question first.
In today's bearcast recorded with my father as the audience, here in Shipston, I start with the Autumn Statement which gets 0/10 from me. Then it is onto Sound Energy (SOU) and the issue of fund manager due diligence. Then Optibiotix (OPTI), FastJet (FJET), Mkango (MKA), African Potash (AFPO), Countrywide (CWD) and the global real estate asset class - yes a Manhattan penthouse and a terraced home in a grim Northern welfare safari slum are related!. Finally a few words about Paternoster Resources (PRS) and as a related issue New World Oil & Gas (NEW).
My comments about Oxfam relate to Mkango Resources (MKA) - see the link on the right of this page. In the podcast I also cover Totally (TLY), PGC Entertainment (PGCE), African Potash (AFPO) where I now am sure I know when the Nomad quit and why, Cambria Auto (CAMB) and Westminster Group (WSG). I also answer Malcolm's earlier question on Premier (PMO). No. Malcolm. No.
African Potash (AFPO) needs to find a new Nomad by December 7th or its shares will be suspended. Cantor Fitzgerald is tired of putting its name to outright lies published to facilitate Securities Fraud and has quit. Potash says its talking to a replacement but which Nomad would act for this proven fraud? You decide in the poll below. Voting deadline midnight tonight ( 22nd November).
For sleazy Lord Peter Hain and lyin' Chris Cleverley and their colleagues on the board at FRAUD African Potash (AFPO) the main priorities are finding a new Nomad who will do anything for money including acting for FRAUDS and finding investors to pony up for a bailout placing PDQ to avoid tits up time. But if the gents at Potash have a spare couple of minutes how about an update on Uganda?
I start with the urgent matter of the weight of my three legged cat Oakley and I take stern warnings from health guru Paul Scott. But there are problems to deal with which the guru may not appreciate. Then I comment again on African Potash (AFPO) which has suffered the usual fate of those PLCs who threaten me with fascist lawyers' letters. Then I work my through Senterra (SEN), Mitie (MTO), China Africa (CAF), Arria (NLG), Instem (INS) and LXB retail (LXB).
Oh dear, oh dear, the problem with frauds is that eventually they run out of other people's money. And when they can't pay the bills, even morally bankrupt crony capitalist AIM advisers, decide that enough is enough and quit. And thus Cantor Fitzgerald has today said it is resigning as Nomad to the fraud African Potash (AFPO) - which is still not suing me for libel despite promising to do so on September 1st if I did not cease calling it a fraud and pay it £2,000. GOTCHA Potash: you are still a fucking FRAUD now where's that libel letter you bastards? I want to see you fraudster bitchez in Court so badly. So what's going on here. One broker summed it up brilliantly today:
I start with behaviour by the Mrs which is surely grounds for divorce or at least enough to see her lead off in chains by the RSPCA. Then it is back to the seven stages of grief and how it relates to shares. Then I look at the most shorted stocks on AIM as per Steve's article earlier - but also those that should be most shorted but why they are not, i.e. Cloudtag (CTAG), African Potash (AFPO) and the slam dunk zero IGAS.
Back on 29 September ShareProphets AIM-China Filthy Forty purveyor of Biblical plagues and rotten oranges Asian Citrus (ACHL) announced that its shares were being suspended pending an audit investigation of allegations which appeared to amount to potential fraud. This morning we had an update: it does not look good.
I guess it is now more than 60 days since the fraud that is African Potash (AFPO) and its fascist scum lawyers at Memery Crystal promised to sue me for libel if, inter alia, I did not hand over cash in response to its menacing letter. Still, as I write, no law suit has arrived. Does senior NED Lord Peter Hain think this is the way ethical businesses should behave or is he just a money grabbing greedy bastard? We asked you for suitable captions to a the picture below of Lord Hain swilling at the trough and we had a number of suitable entries as you can see HERE. But the winner is:
If Marcus Stuttard, the Sham Sheriff of AIM, really believes that the Casino is properly regulated, we think he should put some of his own money where his complacent mouth is by investing in a portfolio of companies which would demonstrate his confidence in his team of Oxymorons at AIM Regulation. We are such nice guys here at ShareProphets that we have helpfully compiled a beautifully diversified portfolio for him. We, ahem, AIM to please. With the original list having been complied on 29 Sept 2016, here is our first update, one month on – and it is off to a flier!
Oh dear, oh dear, oh dear. There’s trouble brewing at AIM-listed Blenheim Natural Resources (BNR) in the wake of a total disaster at the company’s AGM. In an RNS released yesterday at 3.19pm (HERE) the company announced that every single one of the resolutions put to the AGM were rejected. Thus, following the departure of Chris Cleverly of African Potash (AFPO) infamy, two further directors have been ousted as their retirement by rotation became permanent as shareholders voted down their re-election.
It is now 56 days since AIM listed FRAUD African Potash (AFPO) demanded that I write it a blank cheque, pull all my articles on it and never write about it again...or else. The Or else was a promise to sue me for libel but Potash knows that it is a FRAUD and that it would be destroyed by the disclosure process. The senior NED at Potash is sleazey Labour peer Lord Peter Hain. We have another photo of the loathsome toad in action. Please post your captions for our latest Lord Hain sleaze contest photo in the comments section below. The deadline for entries is midnight Friday. Do your worst...
On 1st September the fascist and grubby law firm of Memery Crystal threatened me with a libel suit if I did not agree to hand over to it a blank cheque within 24 hours as well as withdrawing all of my articles about its client African Potash (AFPO) and promising to never write again about Potash. Natch I told Memery to feck off just as I did when it tried to extract cash from me with menaces on behalf of both Pirate Pete Landau and the Globo fraudsters. I really want to see the African Potash bitchez in Court as disclosure will be a hoot. But...
Well you can’t say you weren’t warned by Tom Winnifrith that shareholders in AIM-listed DiamondCorp plc (DCP) were either about to get screwed or simply lose everything. To its credit, the company had been pretty explicit that it needed a minimum of £500,000 in the kitty and pronto or it would be lights out. With one potential deal scuppered when the potential saviour walked, it looked grim. But yesterday afternoon the company announced that it had secured £700,000 in a Sharia-compliant funding facility with shareholder Rasmala plc. As to the terms, well given the parlous position of the company it is hardly a surprise to find that there are several pounds of flesh involved.
Lord Peter Hain appears to be content to keep on taking the money from fraud African Potash (AFPO) overlooking the fact that it is a FRAUD. We would expect nothing else from the loathsome sleazebag. And your entries to our two most recent Peter Hain caption contests make it clear that you also view this dirtbag with undisguised contempt. And so to the winning entries. We start with Lord Peter Hain, the wolf and the sheep.
It is now one month and eleven days since FRAUD African Potash (AFPO) promised it would sue me for libel if I did not pay its fascist lawyers Memery Crystal two grand, write it a blank cheque and withdraw all my articles which clearly exposed it as a FRAUD. I am 2 nil up with Memery Crystal when it comes to it trying to bully me on behalf of fraudsters (Globo & Pirate Pete Landau)so I am gutted that Potash has not yet served me. What could the FRAUDSTERS have to hide from a disclosure process? Meanwhile the PR firm has, very honourably, quit, the Nomad Stewart Dickson has been fired but still senior NED Lord Peter Hain hangs on (for the cash). So by midnight Friday can you suggest a suitable caption for this picture below of the sleazy peer?
Shitty little AIM Companies such as Vast Resources (VAST) would be better off borrowing on the company credit card than dealing with loan sharks such as Bracknor and Northland Capital. To add insult to injury Vast describes as $2 million loan today as interest free. Bollocks. It is even more expensive as the infamous loan from fragrant Katrina Clayton the wife of the FD at FRAUD African Potash (AFPO).
There are many smaller companies on AIM that are heading for zero as they are either almost out of (other folks) cash - Avanti Communications (AVN), IGAS (IGAS) or are plain frauds like African Potash (AFPO) nor Cloudtag (CTAG). But if you are a looking for a big company with plenty of borrow that is ripe for a share price collapse look to Israeli tech stock Telit (TCM). At 278p the market cap is a monstrous £321 million, call it $400 million. That is a rum n coke.
On 1st September AIM listed fraud African Potash (AFPO)demanded that I pay it money, withdraw all my articles about it and promise never to write again. It stated that if I did not comply by 4 PM on 2nd September it would be forced to take legal action against me. I told the bitchez at fascist lawyers Memery Crystal that I was 2 nil up against its fraudulent clients so far (Globo and Pirate Pete Landau), that I could not wait for disclosure that would bring me a hat-trick and that I'd see the bitchez in Court. So where are we now, a month later? Er....
Yes I am beginning to miss George Osborne. No I lie, he really was useless. But so too is Hammond. I comment on him believing the boy who cried Euro Wolf (Nissan) and handing over taxpayers cash as a result but also on the way that he is set to allow the deficit to balloon again - this man is a danger to your wealth. At a company level I look at Inspirit (INSP), Cloudtag (CTAG), SKIL Ports and Logistics (SPL), Quantum Pharma (QP) and my pals the fraudsters as African Potash (AFPO) - Lord Peter Hain when will you blink and quit?
African Potash (AFPO) has still not sued me as it promised to do for pointing out that it had committed wholesale fraud so that, in itself, is a tacit admission that it has engaged in fraud. The senior NED at Potash is Lord Peter Hain who knows a thing or two about supporting the work of fraudsters. Lets go back to March 2015 when Hain was still an MP and Quindell (QPP) was still called Quindell.
Servision (SEV) has today announced its interim results and they are dismal. The company is bust and why it's advisors (Nomad Allenby, broker Belfort Securities & PR himbo Christian Taylor Wilkinson at Cadogan Leander) do not call it a day and walk defies belief. It shows all three are morally bankrupt.The results are analysed in a bearcast special HERE. But I flag up in itw own right a loan Servision has taken from Yorkville which seems to be the new, most expensive loan , in AIM Casino history - at 33% - it is 5 percentage points dearer than the loan the FRAUD African Potash (AFPO) took out from Katrina Clayton, the wife of its FD. Frankly Servision would be better off borrowing on Christian T-W's credit card and splitting the difference.
On Monday we asked you to supply suitable captions for the picture below featuring Lyin' Chris Cleverley the CEO, and expenses guzzling socialist hypocrite NED Lord Peter Hain of FRAUD African Potash (AFPO). After four weeks, Potash has still not sued me for libel as its fascist lawyers Memery Crystal promised so I guess it accepts that it is a fraud then. Of course it is. Everyone knows that aprt from hapless Nomad Cantor Fitzgerald and the Oxymorons at AIM Regulation. Your suggested captions reflected that matter as you can see HERE. But the winner is:
If Marcus Stuttard, the Sham Sheriff of AIM, really believes that the Casino is properly regulated, we think he should put some of his own money where his complacent mouth is by investing in a portfolio of companies which would demonstrate his confidence in his team of Oxymorons at AIM Regulation. We are such nice guys here at ShareProphets that we have helpfully compiled a beautifully diversified portfolio for him. We, ahem, AIM to please.
Here we have African Potash (AFPO) CEO lyin' Chris Cleverley in action with his senior NED Lord Peter Hain. I am not sure what they are doing but perhaps you know. Can you supply a suitable caption by midnight Thursday which will be four weeks since Potash promised to sue me for libel for calling them out as a fraud. I'm still waiting. Post your entries in the comments section below. My entry is:
Well that didn’t take long: at 9.53 up goes our piece (HERE) pointing to the possibility that ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) could find itself suspended out of the blue with no warning (apart from HERE) and lo and behold the shares are suspended 37 minutes later (see HERE) because the company can’t get its accounts to March out on time. In view of this and in honour of the disappearance of QE Mr Stewart Dickson (formerly Dick) from Nomad Cantor Fitzgerald in the wake of the African Potash (AFPO) scandal (see HERE) I have changed my name to Mystic Meg.
Oh dear, the man who signed off on those ramptastic, but untrue, statements of December 1 2015 and January 6 2016 ahead of the bailout placing on January 12 by African Potash (AFPO) appears to have had a career "incident". Stewart Dickson was head of the team looking after the Potash fraudsters round at Nomad Cantor Fitzgerald, the man ensuring that all RNS's it issued were true. Which, of course, they were not.
So the London Stock Exchange (LSE) has just sent me 24p. Fear not, I shall not spend it all at once but on what do listeners think I should splash out? Meanwhile Graham Neary is just too nice to FastJet (FJET) today and unless he can start to act a bit more like a complete and utter bastard I fear that I shall have to fire him as he just won't fit in at ShareProphets. I explain why Fastjet is toast. I look at Charaat Gold (CGH) and also at how sometimes we get carried away by short term events and ignore the bigger picture - I refer in this case to Nighthawk (HAWK). I also ask why after 18 days African Potash (AFPO) has not sued me for libel for pointing out that it is a fraud? Go on you mothers I want to see you bitchez in Court. The gym I refer to is HERE.
In today's podcast, recorded before my father in law hogs the TV room to watch Songs of Praise, I look at what the Krispy Kreme IPO in Londron means, at signs of the mother of all crashes in China and what the CV of destruction from lyin' Chris of African Potash (AFPO) exposed HERE earlier - means. Am I a hypocrite on this matter. Er...no.
Management is critical to any company. So how good is lyin' Chris Cleverley of the fraud African Potash (AFPO) and, until last week, Blenheim Natural Resources (BNR). Supporters say that he is a whizz kid. So let's look at all those companies where he also sites on the board. As at December 2015 he numbered five other current posts and 18 others within the prior five years. a busy chap. But what value did Chris create? This will utterly horrify you.
I sensed that those close to the fraud African Potash (AFPO) were getting skittish and now I can reveal that the first adviser has indeed handed in its notice. And I am not surprised as to who it is that has shown that it puts morality ahead of money.
This morning it has been announced that Lyin' Chris Cleverley the CEO Of fraud African Potash (AFPO) has quit investmentment company Blenheim Natural Resources (BNR) where he became a NED on 16 December 2015. He leaves with immediate effect citing a desire to "concentrate on other activities" and we are told the decision is mutual. What horseshit.
As you know the fascist bully boy lawyers at Memery Crystal have demanded money with menaces from me for exposing the fraud committed by its client African Potash (AFPO). Its letter is here and when I kick these bastards into touch it will be a Tom Winnifrith hat-trick against Memery. It also demanded I hand over money when I had a go at its client the fraudsters Globo, 20 months before anyone else had a pop. That fascist letter is HERE. And now I publish the first letter I received from Memery, demanding money for its client Pirate Pete Landau and Range Resources (RRL), now disgraced and facing a spot of bother with the rozzers in Australia. It said that I really must not publish that letter....
Pornography, naked women, sheep shagging Taffs. Actually there is nothing of the sort in this bearcast but I mention it just to annoy Kay Larsen,a prudish and stupid PR spinner for Sepura (SEPU). Kay is a really silly cow and we have crossed swords before so I rub her nose in it with her client whose statement today is a scandal. The rozzers really need to have a butchers. Then I cover Modern Water (MWG), Falcon Oil & Gas (FOG) and a trio of uber dogs with uber fleas: Blur (BLUR), Inspirit (INSP) and related party Octagonal (OCT). Then I look at Phil Edmonds creation Sable (SBLM) which is now a month away from AIM casino death. Its sister company is the fraud African Potash (AFPO) and I cover this matter in detail. It looks as if the Mrs will give birth tomorrow so if I take a break and you miss me either listen to the archive HERE or google "tourettes audio" and find something similar. Warning: this podcast contains some very bad language especially for the prude Kay Larsen.
So far all the rats remain on board the stinking ship of fools and fraudsters that is African Potash (AFPO). But one rat is going to jump at some stage as either the authorities prepare to swoop or the company finally runs out of other people's money. We asked who would be first to go and you said:
You will remember that the fraudsters at African Potash (AFPO) sent me a fascist letter on Thursday 1st September stating that if by 4 PM on Friday 2nd September I had not agreed to pull all my articles on Potash, promise not to write again and to pay over a large cheque, Potash would "have no choice" but to take legal action. Natch I told the bitchez I'd see them in Court. So what has happened now?
My good friend, the king of the fraudsters Sam Antar, was on cracking form this week reminding us all of how he used to hoodwink auditors KPMG over many years when masterminding the Crazy Eddie's fraud. You can see the genius Sam explaining all HERE. I am keen that the fine firm of RSM UK Audit LLP, does not find itself made to look like KPMG style fools, and have thus penned it an open letter today on the subject of both impending bankruptcy and also fraud at its client African Potash (AFPO). I am such a nice guy trying to help out these simple City folk don't you think? The open letter follows:
Things are moving fast at the fraud African Potash (AFPO). So far it has not - as threatened - instigated legal proceedings against me but in light of specific information now in my possession which is enough to see folks bunking up as Rob Terry's roomie we say bring it on. See you in Court Bitchez! We sense that some of the rats in camp Afpo are getting skittish so the question is which one abandons this sinking ship of fools and fraudsters first? You decide, please vote in our African Potash rat poll below - deadline midnight Sunday.
I look at the SFO decision on Tesco (TSCO) and examine what exactly it means for the fraudsters such as Rob Terry & Jon Stretton Knowles of Quindell who are now under investigation. And where does it leave smaller AIM listed frauds such as African Potash (AFPO), Cloudtag (CTAG) and Eden Research (EDEN). Then I look at the demise of crowdfunded new media darling of fuckwit millennials - Pronto. This is a massive scandal if anyone cared to look. Did anyone backing the funding back in June of this year know the company was already bust? Companies house shows that is the case HERE. Does crowdfunder Seedrs feel no responsibility to flag up such matters? There are also read acrosses to listed tech plays such as Clouldtag to consider.
Naughty naughty St Brides PR. We know that it publishes lies on behalf of the fraudsters African Potash (AFPO) both via RNS and when smearing me to moronic shareholders but its efforts on behalf of Strat Aero (AERO) today really are not very impressive. Naughty Susie Geliher who works on both accounts it really is time you had your bottom spanked.
As yet African Potash (AFPO) has not started the process of suing me for libel for pointing out that it committed securities fraud, something it effectively conceded it had done in its fascist lawyers letter/suicide note of last week. One of the joys of the UK libel system is disclosure. That is a process where I can ask the other side to produce certain documents which are relevant to the case. And African Potash knows that disclosure will sink it for good. So let's bring it on and I shall be starting with seeking details of payments made by Potash to Beryl Holdings.
I read with alarm the deluge of shocking revelations regarding AIM-listed African Potash (AFPO) from the Sheriff of AIM, Tom Winnifrith. The most recent – and possibly most surreal – development was the lawyers’ letter from the twice-bitten-but-still-not-shy Memery Crystal on behalf of its client, Potash. Tom Winnifrith has already suggested that the letter makes a number of stunning admissions, but in my view the implications of the African Potash affair for Nomad Cantor Fitzgerald Europe need to be addressed urgently.
In a while I must go asremble a cot. It won't be like a cot of old but is bound to have 85 parts, six types of screw, an Allan Key and instructions designed for a Nobel Prize winner. It is like a heroic task from Greek mythology and I expect to be in a bad mood soon. So for that reason and one other I record early. On the agenda: Cloudtag (CTAG), Gulf Keystone (GKP), Pantheon Resources (PANR), 88 Energy (88E), Vipera (VIP), XCite Energy (XEL) and Strat Aero (AERO) and only en passant the fraudsters at African Potash (AFPO). This podcast is long and detailed.
Oh dear. It seems that we have a slam-dunk breach of AIM Rules in the form of extremely honest Chris Cleverly’s AIM-listed African Potash AIM and its dealings with its Nomad Cantor Fitzgerald. It is Cantor and its lead QE Stewart Dickson who are in the spotlight today as we have at least 1 clear rule breach under its watch to report. We will start with a minor transgression and work upwards. Perhaps while Marcus Stuttard’s oxymorons at AIM Regulation consider the serious content of Tom Winnifrith’s recent missive (HERE) they might turn their attention to the quality of Nomad oversight demonstrated in what follows.
I start with a dedication to Maurice Byrne, a friend of my family for more than 40 years, a true eccentric and a bearcast listener who sadly passed away on Thursday. I will miss him, not least as a bulwark against the raging political correctness of my family. Then I turn to Cloudtag (CTAG) and African Potash (AFPO) two companies now exposed as having lied to investors in a material way just days before placings. What does this say about investing in frauds? What does it mean for the shares and what does it mean for AIM? as the Potash story now starts to head towards the Nationals (oh yes St Brides PR brace yourselves, you can smear me but will you continue in that vein?) what happens next in both cases? Maurice would have enjoyed these battles in so many ways.
Well of course it is not. At least, that is what AIM Rules for Nomads tells us, in the 2016 edition. So if a company has told a demonstrable lie, surely the Nomad should either resign in protest or be publicly strung up with piano wire by Marcus Stuttard’s team of oxymorons at Aim Regulation. I quote from the Nomads’ rulebook (emphasis in bold is mine):
Hell: who cares if a company on AIM tells a blatant lie about a big order a few days before a bailout placing? African Potash (AFPO) reckons that is okay and now it appears that the most ramped stock of the moment, Cloudtag (CTAG) thinks that it is just part of the game too. Does anyone care about the rules any more or is fraud now acceptable on AIM?
I have today published the lawyers letter sent by Memery Crystal - lawyers to Globo - but which also acts for the fraudsters African Potash (AFPO) demanding money from me, trying to gag me but also admitting that its client has committed securities fraud. The letter also implies that Nomad Cantor Fitzgerald approved releases (and lack of releases) which meant investors in a placing on 12 January 2016 were utterly deceived as to the trading position at Potash. And that is a clear cut case of fraud. But will Marcus Stuttard, the head of AIM Regulation do anything about it or is fraud now acceptable on AIM? I have written to the man who basks in the title "The Sheriff of AIM" as you can see below.
Yes my day is dominated by the suicide note penned by Memery Crystal for the fraudsters African Potash (AFPO), aka its fascist letter sent to me yesterday. I am preparing a response. What is it you say? Aha...wait and see. I also look at Glenwick (GWIK), Eckoh (ECK), Cloudtag (CTAG) and McCarthy (MCS) and what that says about the impending house price crash. I explain why this really is a global asset class and refer you to what is happening across the pond.
Bully boy lawyers Memery Crystal want me to pay its costs, damages to the fraudsters at African Potash (AFPO), to unpublish 18 articles about the fraudsters and not to write again pointing out that African Potash has committed fraud. But the lawyers letter itself offers fresh admissions that massive fraud has taken place. The lawyers also warned me not to publish what is effectively a suicide note for Potash, i.e the Memery Crystal letter (sent incidentally to the wrong address, a made up email). So...
Happy Wedding Anniversary said the email from Memery Crystal lawyers to African Potash (AFPO). Actually it did not, I made that up. Just like African Potash makes up its press releases ahead of a placing. I shall reply to Potash in a "formal" manner tomorrow. Elsewhere I look at Cloudtag (CTAG), Edenville (EDL), Zincox (ZOX), Gable (GAH) and Mayan (MYN), the former Northcote (NTC).
Aha, let's tell the morons that we are going to take legal action against Tom Winnifrith for pointing out that we are lying bastards who commit fraud. That will allow us to get a rescue placing away but we don't want to go for libel because disclosure would destroy us. Telling spivs you are going to sue the Sheriff of AIM allowed the fraudsters at Sefton to issue more confetti several times and African Potash (AFPO) is using the same playbook. But death for this worthless POS is merely postponed by a few months.
As you are aware African Potash (AFPO) has told the morons that it is consulting its lawyers about taking action against me for daring to point out that the the company were liars who had committed Securities fraud. Potash's lawyers are Memery Crystal whose senior partner was aware of at least one Potash fraud as he was cc'd in on the emails ahead of the RNS. That, as I explained HERE, is why Nick Davis should quit the AIM Advisory board now. So far Memery Crystal, has not sent me a letter on behalf of the Potash fraudsters but it did sent me one one behalf of the fraudsters at Globo. It really is fascistic, pompous and shows that Memery Crystal will act for the scum of the earth as long as it gets paid.
Still no lawyers letter from African Potash (AFPO) has arrived at Sheriff Towers. It really is like waiting for Godot. But at least my mother in law has remembered that it is my wedding anniversary tomorrow. I discuss another thing happening tomorrow, that is to say African Potash which has no cash having to repay $1.1 million to its FD's Mrs, Katrina Clayton. I look at Highland Natural Resources (HNR), Gulf Keystone (GKP), Glenwick (GWIK), Opera (OPRA) and then Gable (GAH) which really has posted a most enormous red flag today. Sell - target 0p.
I still await a letter from lawyers to lyin' Chris Cleverley and the fraud that is AIM Casino listed African Potash (AFPO) but since the disclosure process will destroy both lyin' Chris and his company I cannot wait. Meanwhile AIM Regulation has sent a standard response acknowledging anot noting my demand that it investigates Potash and its Nomad Cantor Fitzgerald over the misleading and untruthful RNS statements of December 1 2015 and January 6 2016. I have replied to AIM Regulation putting it on notice...
African Potash (AFPO) has not put out an RNS but it has reassured Bulletin Board Morons that it is is preparing legal action against me. Great news. I cannot wait to see the bitchez in court. The disclosure process will be a hoot. I really look forward to seeing that Letter of Credit from the January 6 RNS because it DOES NOT EXIST. Disclosure here will destroy Potash so bring it on Bitchez;. The statement which PR operatives St Brides has sent to morons by email reads:
In two days time African Potash (AFPO) must repay its finance director's wife $1.1 million as it is obliged to clear the most expensive loan in AIM history. It has no cash so prepare for mega dilution as the loan will be repaid in shares at 0.29p per share, or lower. Against that background I have, this weekend, shown that on both January 6 2016 and December 1 2015 it lied to investors ahead of its last bailout placing, it engaged in fraud. The man charged with holding CEO lyin' Chris Cleverley to account on this is perma-tango tanned Labour Lord, Peter Hain. I have written to his Lordship today.
The message to my daughter on why I'm rooting for Donald Trump really is now live now and can be found HERE. Meanwhile, over the past week we have demonstrated clearly that there is an almighty stink about both Cloudtag (CTAG) - HERE - and also African Potash (AFPO) - HERE. I have presented the evidence to the FCA and AIM regulation, I explain why this is now an acid test for the credibility of the casino and who exactly is in the firing line.
I have already shown quite conclusively that African Potash (AFPO) misled investors in a material way with an RNS of December 1 2015 as you can see HERE. That should be enough to see the authorities slam both Potash and Stewart Dickson et al at Nomad Cantor Fitzgerald. But it gets worse. I now accuse Potash of lying in an RNS on January 6 2016 just 6 days before the bailout placing. It is lie after lie after lie from this company.
Having also lost 25 minutes of my life listening to the CloudTag (CTAG) interview between its CEO, Amit Ben-Haim, and Justin Waite, I only have one question to add to Tom’s excellent Bearcast on the topic (HERE). When is the share price cratering revenue warning coming?
I have already alerted the FCA, AIM Regulation and the FRC to the growing scandal at African Potash (AFPO) with regard to the non disclosure of a £600,000 bung on December 1 2015 as part of a pre placing ramp. Now it is onto the Serious Fraud Office, SFO, to whom I have written today.
Firstly I untangle Friday's RNS from lyin' Chris Cleverley and the fraudsters at African Potash (AFPO) - folks you need to do the maths! Then I explain why, as at next Thursday, this fruadulent, out of cash piece of Turkish is screwed. The countdown is on as Katrina Clayton knows full well and the the full posse is in pursuit. Congratulations lying Chris..you have just met the Sheriff of AIM. Football fans will understand the phrase - should I get a calling card made?
Stewart Dickson of Nomad Cantor Fitzgerald is today exposed for his role in the scandal at African Potash (AFPO) as the company misled investors ahead of a bailout placing, as it committed fraud. You can read about Dickson's role HERE as we launch the "Fire Stewart Dickson to clean up AIM campaign."
My man in London has provided me with a new email sent by African Potash (AFPO) CEO lyin' Chris Cleverley. This now allows me to publish the contract signed with Beryl Holdings, so demonstrating to you all how misleading the announcement by Potash was and also the bung involved in this deal. More critically I can now demonstrate the individuals at City firms who were aware how misleading the RNS was and - given that Potash was on the pathway to a placing - how fraudulent that is. Those City figures I name and shame should now all be placed on immediate workplace suspension ahead of a formal enquiry.
Yesterday's expose here of AIM listed African Potash (AFPO) demonstrated quite explicitly and without doubt that the company was guilty of fraud - that is to say raising money, with the assistance of Nomad and broker Cantor Fitzgerald - having materially misled investors. I have today passed on the supporting documentation to three different regulators asking all three to open investigations into African Potash. My open letter explaining why follows.
On December 1 2015 AIM listed African Potash (AFPO) announced what appeared an incredible marketing deal for its fertiliser with a company called Beryl - of course nothing has come of the deal and what African neglected to mention was a £600,000 bung. A source in London has sent me the signed contract. One month and 12 days ahead of a bailout placing investors were grossly mislead as to the nature of the Beryl deal. Potash shares need to be suspended at once and AIM Regulation and the FCA have to get involved.
Actually it is not a service I provide to every listener but I explain why Maurice Byrne gets a premium deal. I mention the great con that are today's A-Levels with hard and shocking data analysed HERE. I have chatted to both Lucian Miers and Paul Jourdan of Amati about the markets, about Lucian's tiny short portfolio and about Paul's three big Gold picks. I look at Physiomics (PYC), African Potash (AFPO) and Highlands Natural Resources (HNR) - target 0p for the later two.
Wow! Blenheim Natural Resources (BNR) just got an option to buy 7.5% of a great company for just £1. And the company has an amazing gold and copper asset in Bongo Bongo land. It sounds almost too good to be true...precisely. Caveat emptor this looks like a pre placing ramptastic load of horseshit. So lets investigate and "fiske" the news.
Blenheim says that it:
Oakley and I are bracing ourselves for the arrival of the mother in law. Wish us luck. At least I can flee to Shipston tomorrow, my poor cat is trapped with his Pokemon. Then I look at Avanti Communications (AVN) where the shares are surging on the back of an FT report - is this bogus? I look at Messaging International (MES) where I am not interested even after the fall, Magnolia Petroleum (MAGP) and a sector read across from the dire news earlier (HERE), Scotgold (SGZ), Johnston Press (JPR) and then do some detailed maths on African Potash (AFPO) and the loan from the FD's wife which could kill it stone dead on September 1.
When I go to hell it will be to spend eternity in an ante-natal class such as the two hour ordeal I endured today. I am unbelievably angry at having wasted two hours of my life on this cobblers. Moving on I look at ECR Minerals (ECR), Gulf Keystone (GKP), Avanti Communications (AVN) Eden Research (FRAUD) in the wake of the demise of its sister company Environmental Recycling (see HERE), Braveheart Investments (BRH) - run by an old Sefton man, African Potash (AFPO) and its partner in slime Blenheim Natural Resources (BNR)
On 6th January 2016 African Potash (AFPO) announced a major sales deal. Six days later it got away a bailout placing. Gradually over the months that followed that sales deal was shown to be bogus, a sham, not worth the loo paper it was written on. But at least the ramp allowed this AIM Casino posterboy to get its placing away. Now the bastards are at it again. 30 seconds on Google is enough to make you doubt a word this company says as it tries to get another bailout placing away. African is teetering on the verge of insolvency.
He tried his best to ramp this crock of shite but even arch twitter ramper Wayne Gibson, aka Big Gib, could not push the rancid wastewater that is Blenheim Natural Resources (BNR) uphill. Having bought a stake of 5.625 million shares ( 3.05%) just before Christmas at 0.8-1p, Gib has now bailed, taking a huge haircut.
Tomorrow my father faces his interview at the Conservative Club and I have been coaching him on what he can say as a deluded lefty to get access to the cheep beer. Elsewhere I discuss how share prices can defy gravity temporarily and why with reference to Gable Holdings (GAH) and Gulf Keystone (GKP). Then I move onto Nyota (NYO), Avanti Communications (AVN), Strat Aero (AERO) and then, in some detail, the dog run by liars that is African Potash (AFPO)
On my personal website I have a podcast HERE about how Chilcot exposes the establishment/rest of us divide again and how this will create even more anger as the war criminal Blair walks free. My father, who is lisening to me record today, fears that he is in the firing line as a member of the establishment. I then move onto the omnishambles Boxhill (BOX), Portmeirion (PMP), Vislink (VLK), Igas (IGAS), Blenheim Natural Resources (BNR), lie and jam tomorrow producer African Potash (AFPO), Frontier Resources (FRI) and finally onto the fraudsters Eden Research (EDEN) where I will be asking for your help, dear listeners, tomorrow.
Some of my wife's pals are such patronising bastards. They work in the public sector, read the fecking Guardian and are so fucking self righteous they can drive me up the wall as they let it be known that they just know what is good for the rest of us, we ignorant oiks. Today they sent my blood pressure soaring as I explain HERE. Then it is onto Glenwick (GWIK) and why the poltroons can't get their maths right and African Potash (AFPO) which is worth 0p. Finally a division with my daughter & her mother, Big Nose, looms, it is Wales vs Northern Ireland.
I start this bearcast by being nice to a bunch of folks: the bosses of Nostra Terra (NTOG), Mirada (MIRA), a junior doctor and British Airways. Then I explain why today's news from IGAS is a disaster and heralds the shares being toast. Then take apart African Potash (AFPO) after being goaded by a poltroon on twitter. Finally a final impassioned but reasoned plea to you all to ignore the lies and smears and have faith in yourself and your country and to vote for Brexit tomorrow
Sable Mining (SBLM), the AIM listed piece of Turkish run by Andrew Groves - the long time business partner of ex cricketer Phil Edmonds has been forced to deny that he has been indicted for trial on charges of bribery and corruption in Liberia. Okay Andy whatever you say....
The Mrs is sitting in the room and thinks my analogy is a bit sexist. Fecking political correctness gone mad, that is what I say. In today's bearcast I cover, in some detail, African Potash (AFPO), Avanti Communications (AVN) and Fitbug (FITB).
The excitement mounts - we are soon off to vist the house of superhero Paddy Leigh Fermor as I explain HERE. Ahead of that I look at: Ascent Resources (AST), Volex (VLX), Advanced Oncotherapy (AVO), African Potash (AFPO), Blenheim Natural Resources (BNR), Fastjet (FJET). Aureus Mining (AUE) and China New Energy (CNEL).
Blenheim Natural Resources (BNR) has today issued a ramptastic release about IGS, a pretty unexciting company it invested in as a result of a sordid related party transaction. It clearly hoped to push the shares higher but instead they are 13% down at 0.5-0.6p. Why?
In a very British way I start by complaining about the weather. Right now it is sheeting it down here in Greece. Then onto Plethora/Regent Pacific before tackling what the phrase "little or no value" actually means ref Circle Oil (COP). Then onto African Potash (AFPO) and I answer the questions it will not. Target price 0p.
I don't feel like writing today. This is what i want to be doing. But ahead of that I start by clarifying what I think of Matt Lofgran of Nostra Terra (NTOG). Then I look at what happened to Plethora (PLE) and that explains in part why shares in Port Erin (PEBI) have tanked. Then I touch on Thomas Cook (TCG) and prepare for ouzo o'clock when Environmental Recycling (ENRT) goes bust as I explained yesterday. Following that piece the shares are the biggest fallers today. Finally I have a warning for shareholders in African Potash (AFPO). Incoming! That is when I can be arsed.
African Potash (AFPO) was one of seven companies listed on the AIM casino by former England cricketer Phil Edmonds and his business partner Andrew Groves. My attention has been drawn to a recently published dossier on the two men which can only be described as utterly explosive. On the basis of what is in this dossier any company associated with the two looks to be, pro tem, 100% uninvestable.
A reader says that ahead of bearcast he now gets an advert for bars in Sunderland. Poor fellow. Perhaps he should move from the welfare safaris of the grim North to the hard working South of England? I discuss this and then move onto Nyota Minerals (NYO), Aureus Mining (AUE), Driver Group (DRV), Harvest Minerals (HMI) and - in detail - the piece of excrement that is African Potash (AFPO).
I have landed in Kalamata and start with a look at where Greece is now. My friend John the bike man seems to have gone bust. He is not alone. There is a three-day general strike underway but the EU reckons that Greece has solved all its problems? The EU is the problem, or rather the Euro is. Then I look at why I sometimes despair of humanity and notably some of the people in the world of small caps and AIM. I am taking it easy for the summer as a result. Finally some praise for Marcus Stuttard the bogus Sheriff of AIM but then also some criticism and suggestions re African Potash (AFPO) and Ascent Resources (AST)
Today's Bearcast contains bad language. Brokerman Dan Levi is not the only four letter word used. In it I cover Avocet Mining (AVM) and Waz Shakoor, Rose Petroloeum (ROSE), Outsourcery (OUT), Golden Saint Resources (GSR), Wishbone Gold (WSBN) and bullshitting by Brokerman Dan, New World Resources (BWR), African Potash (AFPO), the china fraud Jiasen (JSI), Blenheim (BNR) and Andalas (ADL) and bullshitting by Flip Flop Ben Turney, Big Gib and other rampers. As ever they are talking cock.
The Dave Whitby fan club (life presidents Ben flip flop" Turney, Justin the Clown, Doc Holiday and Zak "Judas" Mir) are delighted to be sponsoring this week's Bulletin Board Moron contest in honour of events at Andalas Energy (ADL) which are generating some cracking comments on the LSE Asylum and elsewhere as well as on twitter. Of course you can nominate a post on any subject or company and African Potash (AFPO) clearly has a shareholder list made up of complete imbeciles. The deadline is midnight Sunday May 1st. Or as they say in Greece: Easter Day.
responding to Chris Cleverley of African Potash (AFPO) starting to do soft interviews and the failure of his company to answer basic questions about Butterfly Corporate Finance I explain why Chris must go to prison for securities fraud and lying to investors and why his company must go bust, the only question is when net current assets go negative. One imagines Cleverley wants a bailout placing asap but who would be mad enough to get involved?
I can't say why but it concerns a greedy and selfish individual and I am now in a very bad mood indeed. In this brief podcast I cover Andalas (ADL), Avanti Communications (AVN), Outsourcery (OUT), African Potash (AFPO) and Butterfly Corporate Finance.
I start this podcast with a bit of a reflection on one or two excellent pieces this weekend notably my own stuff on African Potash (AFPO) and the Horse Hill ramp but also the cracking piece today by Cynical Bear on Fast Forward (FFWD). In the bearcast I also look at a stack more Brexit lies as well as discussing why Rob Terry has broken cover and where the SFO is with its investigation into the fraudster.
Will the birth of Prince be celebrated in two hundred years or his death in 400. I start with a reflection on a chat with my father. Then it is onto the first red flag at African Potash (AFPO) and why folks should have run a mile back then. Finally I point out after today's bombshell why folks are looking at valuing all the Horse Hill stocks, but especially UK Oil & Gas (UKOG) in just the wrong way altogether.
If anyone sees Chris Cleverley about town make sure he reads this. The "spin" from supporters of African Potash (AFPO) is that the events of yesterday are just a matter of bad PR, nothing unusual on the AIM casino and we should just move on. Ben "flip flop" Turney tweets such nonsense. Boy has flip flop lost the plot. African has been seen to have made statements via RNS, as it worked a placing away that were just, by its own admission, untrue. It raised cash on a false prospectus. That is fraud. Its shares must be suspended and its CEO Chris Cleverley deserves to go to prison. And he might just do that. Flip Flop sent out two tweets on this matter yesterday:
Sorry for the late bearcast - just back from the 20 week scan. All on track, fingers crossed. I end with news about Mr Bagot, the penioner mugged by WH Ireland. I start with Metal Tiger (MTR) and my story of earlier and the comments of morons. I then move onto African Potash (AFPO) and Blenheim Natural Resources (BNR) before ending on Andalas (ADL) - where's the RNS Mr Dave "I break the rules" Whitby? I also cover Strat Aero (AERO), see HERE, and Goldenport (GPRT).
Shareholders in African Potash (AFPO) should be on the warpath. Not with myself and Lucian who they have, to date, berated for pointing out what a piece of Turkish this company is. But with its management for issuing statements which are just not true - as explained HERE. Following my earlier article I have now asked AIM Regulation to launch a formal enquiry into both Potash and also its Nomad, Cantor Fitzgerald, which signed off on its RNS statements having somehow verified them as true. The letter reads:
I do not use the world liar lightly but today's statement from African Potash (AFPO) shows that the company are lying bastards and anyone holding the shares is quite simply delusional. How has the Nomad signed off on blatant lies? Why has it not quit? Is it acceptable to tell outright lies on AIM these days?
African Potash (AFPO) CEO Chris Cleverley says that he is an expert in running Not For Profit Organisations. African certainly fits into that category but today's interims suggest that Cleverley has not got a scoobie.
It amazes me how long some companies can maintain a buoyant share price when they are largely running on hot air. Currently African Potash (AFPO) would definitely fall into that category when you look at what was promised, and which induced the massive rise from around 0.3p, to what has actually been delivered so far to have justified that.