Keyword results: AIM Rule 11

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AIM Rule breaking, journalist trolling arse Gerry Brandon and Deepverge serve up a NY lack of profits warning- shares uninvestable

As I explained in detail HERE, Gerry “the arse” Brandon and Deepverge breached AIM Rule 11 ahead of last June’s bailout placing. That AIM Regulation has allowed “the arse” Brandon to keep his job shows what a joke market the Casino is. For today, six months after that bailout placing at 30p, the shares are 20.25p, sliding and still monstrously overvalued.   Had the Oxymorons publicly censured this company and Gerry the arse, investors might have got out before today’s shambles.

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Gerry Brandon of Deepverge – who has been a very, very naughty boy then?

The journalist trolling arse of a CEO, that is Gerry Brandon of Deepverge (DVRG), has already been exposed by this website for breaching AIM Rule 11 and misleading investors ahead of his last bailout placing. But today comes news that such deception has happened before. Gerry, you are a very naughty boy indeed and if you had a shred of integrity you’d be quitting in disgrace right now.

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MHC
MHC

Letter to AIM Regulation – MyHealthChecked Breach of Rules 10 & 11, request for formal censure & clarifying RNS asap

Earlier today, I broke the news that MyHealthChecked (MHC) where I am, of course, a loyal shareholder is now selling its covid tests via Lloyds Pharmacies. We do not know if it is just online or in any or all of the company’s 1400 stores but this is clearly material. MyHealthchecked has announced nothing. At one point earlier, the shares were up 38%. My job as a journalist is to break news which I did. I will not trade any shares until the company comes clean and probably not even then. The company’s duties under AIM listing rules include maintaining an orderly market in its shares. It has failed in that. I have written to the Oxymorons at AIM Regulation demanding an enquiry and a statement.

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Letter to AIM Regulation Re Bidstack PLC as it teeters on the brink of insolvency

The staff at Bidstack (BIDS) should get paid next week, assuming that their employer can delay paying other bills. But it is unlikely to be able to meet next month’s payroll so calamitous has been the shortfall in trading vs expectations. Unless Nomad and Broker Stifel can get away a rescue placing within weeks, Bidstack staff should be brushing off their CVs as a matter of urgency. I have written to AIM Regulation as a statement is needed asap.

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HMI
HMI
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BEAR DOSSIER: Are these documents a smoking gun for Harvest Minerals?

AIM-listed microcap Harvest Minerals (HMI) is a fertiliser producer in Brazil. At the start of the coronavirus chaos of 2020, it was granted a full mining license over its Arapua fertilizer project, something that Gary Newman was holding out for before investing. In April of this year Harvest announced a 166% increase in Q1 sales and a new press release guides for 80,000 tonnes of fertiliser sales for 2021, enough to stem the cash burn and turn the company profitable. A chartist punter will see a bowl and breakout on a dirt-cheap stock. Could you buy now and catch this tiny company at an important inflection point in its history? The closer I look, the more doubts I have.

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Letter to AIM Regulation – Bidstack, an official warning must be forced

Three sorts of investors know that trading at Bidstack (BIDS) is far worse than the company had hoped for and that it now faces a gargantuan cash crisis putting its very survival in doubt: clients of Stifel, those who can afford a Bloomberg terminal and readers of this website. Thanks to the company ignoring AIM Rules 10 & 11, most investors are seeing their savings die of ignorance. I have again written to the Oxymorons at AIM Regulation urging them to force an immediate statement.

BREAKING: Bidstack – Confirmation of Stifel forecast slash & breach of AIM Rules 10 & 11

Needless to say, the morally bankrupt PR firm of Buchanan has still not replied to an email from Tuesday night regarding forecasts for its technically insolvent client Bidstack (BIDS). Presumably it is working hard finding a journalist to smear and that is its priority. When Steph Watson says she will reply to an email, what she clearly means is “I am a lying PR harpy and will do nothing of the sort.” But, without the assistance of mendacious Steph, I now have confirmation that house broker Stifel has indeed slashed forecasts which appears to be a clear breach of AIM Rules 10 and 11.

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Letter to AIM Regulation – why has Bidstack apparently breached AIM Rules 10 & 11 with impunity?

Earlier today, I reported on market speculation that Stifel, the house broker to Bidstack (BIDS), had slashed its sales forecasts and materially increased its loss forecasts for Bidstack (BIDS). This cannot have happened without a company chat so why has there been no official lack of sales/increased loss warning. Is CEO Lying James Draper again in breach of AIM Rules? I have written to the Oxymorons at  AIM Regulation, as you can see below

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Letter to AIM Regulation : Time for UK Oil & Gas to fess up about the Horse Hill disaster

Over the weekend, I published data on the so called Gatwick Gusher which demonstrates that Horse Hill, instead of gushing, saw output more than halve in the four months to July to just 120 bopd  One assumes that UK Oil Gas (UKOG) boss Lyin’ Steve Sanderson is now sitting on even worse data from the summer. I have written to the Oxymorons at AIM Regulation:

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Drowning in a sea of red flags, a company built on lies – Verditek

Just how many red flags do you need? Because at this AIM listed company, there are more than you’d see on the annual May Day parade through my old stomping ground of Clerkenwell. Let’s list the Verditek (VDTK) red flags:

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Letter to FCA & AIM Regulation: Verditek just how many lies told?

Enough is enough. Two weeks ago, an article HERE forced Verditek (VDTK) to admit on August 12 2020 that the two big contract wins announced in 2019 had not gone through but it had raised money without telling investors of these massive setbacks. On Friday, I showed that it had actively misled investors ahead of placings in September 2019 and March 2020. Enough is enough. How many more lies have been told? I have written to the FCA & AIM Regulation asking for the shares to be suspended pending a full investigation into the company, its directors, and Nomad WH Ireland which, at best, has been asleep at the wheel.

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Tern – Open Letter to Aim Regulation ref "resigned" auditor

Tom Winnifrith and I have covered the FY19 results of AIM-listed Tern plc (TERN) and subsequent discovery of an unannounced change of Auditor is some detail already here on ShareProphets. But amid all our questions, in true Sam Antar style, Tern has remained stum so our questions go unanswered. Top of the list is why former auditor Grant Thornton stepped down – or was pushed – and whether the valuations on Tern’s balance sheet has anything to do with it. Indeed, one might wonder whether a breach of AIM Rule 11 has occurred.

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Tern – more disappearing Auditor questions, and what of the new auditor? Is this a major Red Flag?

That monstrously overvalued jam-tomorrow AIM-listed investment company Tern plc (TERN) did not announce or explain why its Auditor disappeared is already a Red Flag. But looking through the Annual Report prepared under new Auditor Nexia Smith Williamson raises more questions – and a huge giant-sized Red Flag for this particular non-auditor.

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Letter to Marcus Stuttard at AIM Regulation – Ref Conroy Gold & Natural Resources blatant rule breaches

On 18 February 2020 AIM-listed lifestyle company Conroy Gold and Natural Resources (CGNR) announced a successful placing to raise £250,000 and that it had undertaken a subscription to raise a further £52,500 all at 12p per share. Yesterday, more than six weeks later, the company ‘fessed up that a total of £188,000 was still outstanding. It seems to me that the “successful placing” was anything but at time of announcement, given that the cash was yet to arrive, and that the company had not “undertaken” a subscription to the extent originally advised for the same reason. “Undertaking” maybe, but not “undertaken”.

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VRS
VRS
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Letter to FCA & AIM Regulation re potential Market Manipulation or Abuse at Versarien

Yesterday Versarien (VRS) announced a death spiral on steroids which will only postpone bankruptcy and will see the share price shredded but the RNS was, I believe, an exercise in market manipulation and market abuse. Only a Nomad like SP Angel of the fraud MySquar infamy, could have signed off on it. I have written to the regulators demanding that, again, they take action

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VRS
VRS
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How did Bobbie Hilliam of Quindell infamy sign off on this China junk from Neill Ricketts & Versarien?

We know that Bobbie signed off on most of the untrue and fraudulent releases issues by Quindell (QPP) so perhaps he will sign off on anything? But the February 4 2019 RNS from Versarien (VRS)? Really?

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VRS
VRS
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Letter to AIM Regulation: Versarien Breaches of Rules 10 & 11 & sanction of Bobbie Hilliam

Versarien (VRS) has today issued an RNS which suggests that its Nomad, Bobbie Hilliam at Canaccord, has allowed it to drive a coach and horses through AIM Rules 10 and 11. I have written to the Oxymorons at AIM Regulation asking that Versarien and Hilliam be sanctioned and that it force the company to issue a clarifying RNS.

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Haydale – Another letter to AIM Regulation, this time about AIM Rule 10

Having sent a missive to AIM Regulation yesterday concerning AIM-listed Haydale (HAYD) and its Trading Update which appeared to admit to contravention of AIM Rule 11, the company issued a clarification RNS which appeared to me to completely contradict the original one, and both were signed off by Nomad Arden Partners under the watchful eye of the fine upstanding Mr Paul Shackleton, of China-fraud Naibu (NBU) and Daniel Stewart infamy. Call me old-fashioned, but the two statements appear to me to be impossibly contradictory – and that brings me to AIM Rule 10. Thus I have written again to AIM Regulation.

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Haydale – clarifies the unclarifiable by contradicting yesterday’s update! What will Nomad Arden do?

Following my letter to AIM Regulation this morning, AIM-listed Haydale Graphene (HAYD) has attempted to quell the reaction to yesterday’s trading update, which appears to show that the company was allowed by its Nomad to breach AIM Rules by offering a clarification. But it is attempting to clarify the unclarifiable.

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Letter to AIM Regulation – Haydale & its useless Nomad Arden led by infamous Paul Shackleton

Yesterday I showed that AIM-listed Haydale (HAYD) appeared to have been breaking AIM Rule 11 upon the disclosure that a new line in the States had seen commissioning delayed until November, despite the company appearing to have told the market that it had been in commercial production since last June in an RNS dated 15 October – when one now presumes that commissioning was known by the company to be delayed.

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Haydale – Grim Trading Statement means SELL; has it contravened AIM Rules?

AIM-listed Haydale Graphene Industries (HAYD) offered up a pretty grim trading statement this morning showing that sales at its US unit were materially below those of H1 2019 during H1 2020. Oopsie. Meanwhile UK operations suffered from longer than anticipated lead times and sales fell short of directors’ expectations. Double oopsie. And the company has shuttered its Taiwan operation which will lead to a revenue shortfall in H2 of around £0.4 million. Triple oopsie – and now we are told that full year sales will come in below market expectations (whatever they are). What’s not to like?!

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AFN
AFN
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Breaking: The advice Roland “Fatty” Cornish gave to his client ADVFN to break AIM Rules

Thanks to Winnileaks I now have in my possession a damning email sent by London’s worst Nomad, the restauranteurs saviour, Mr Roland “fatty” Cornish to his client ADVFN (AFN) advising it to take a course of action in direct breach of AIM Rules. I do not blame ADVFN for this at all but surely Fatty needs to be given an almighty bollocking by AIM Regulation for his latest crime?

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Letter to AIM regulation and FCA re Bidstack – request for investigation into market abuse & more

My comrade Evil Banksta has today exposed how AIM listed Bulletin Board darling Bidstack (BIDS) has misled investors and is also clearly sitting on a lack of profits and sales warning. For the former naughtiness the FCA should open an enquiry at once into possible market abuse, for the latter AIM regulation must force a statement. Being a fine upstanding citizen I have today written to the regulators. My missive follows:

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MSG
MSG

Milestone: ‘fesses up that January compromise deal settlement cash from 2016 non-placing still not arrived

Way back in November 2016 I first commented on the fiasco at AIM-listed Milestone Group which eventually saw then CEO Deborah White handed a black bag. This was the placing, first announced in October 2016, where the £1.25 million of cash never arrived and which the company sat on news of non-payment until it ‘fessed up on the day Donald Trump won the Presidency. It was a good day to bury bad news – but as ever, ShareProphets was watching. Well, the cash STILL hasn’t arrived, even on the much reduced 10p in the £ compromise terms announced on 22 January this year and I think the company has again been tardy in passing on the news.

FRAUD: MySQUAR fesses up to error in profits warning but still will not answer the big question re FRAUD

What on earth is clueless Nomad SP Angel thinking? Its client MySquar (MYSQ) last week issued a (lack of) profits warning which means that it has either committed securities fraud or merely a massive breach of AIM Rule 11. Investors need to know what its sales were in July (as opposed to the July-September average given) in order to know how bad this will be. I have pressed SP Angel to force a statement and indeed the retained broker Beaufort has - to its enormous credit - also pressed but instead...

An Open Letter to SP Angel, Beaufort Securities and AIM Regulation re shamed MySquar

I have written a letter to Nomad SP Angel, broker Beaufort Securities and the oxymorons at AIM Regulation re shamed MySquar (MYSQ). Has it committed a massive breach of AIM Rules or Securities fraud or both and will anyone do anything about it. The letter follows:

IOF
IOF

BREAKING: Is Iofina ignoring AIM Rules - not admitting to US legal setback

AIM Rule 11 states that listed companies must notify investors via an RNS of material developments. But it seems that cash munching, drowning in debt, piece of Turkish Iofina (IOF) does not think the rules apply to it. No doubt it is aware that the Oxymorons at AIM Regulation won't enforce anything so it has opted NOT to tell you about a US legal setback on Monday.

Conroy Gold & Natural Resources - size does matter but you really need to feel the width don't you?

Earlier today I flagged up the problems Strat Aero (AERO) has with AIM Rule 11. A trusted correspondent asks does Conroy Gold (CGNR) have a similar issue? 

LGO
LGO

LGO Misleading Investors Big Time? - does anyone care about AIM Rules any more?

I will now demonstrate how LGO Energy (LGO) appears to have mislead investors in a cavalier and wilful fashion on a very material transaction and fund raise in 2014. It appears to have breached AIM Rule 11 flagrantly but does anyone care any more? Is the Sheriff of AIM the only person left who actually reads the AIM Rule book and takes it seriously?

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