Keyword results: AIM rules

PREMIUM CONTENT

UK Oil & Gas: yes it is a Turkey! It's official.

Do you remember a few days ago when Lyin’ Steve Sanderson of UK Oil & Gas (UKOG) issued an RNS to tell us about the operational problems at the Basur-3 drilling site in Turkey, the one last drilled before England won the World Cup? No. For Lyin’ Steve neglected to tell us about that bad news as AIM Rules suggest he should have. But fear not! The problem has been solved, well sort of.

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EUA
EUA
PREMIUM CONTENT

Lucian Miers writes to Eurasia Mining

Lucian is short of Eurasia Mining (EUA) and for a host of reasons I think he is right to be short. One of those reasons is a mystery shareholder. Lucian has written to Eurasia’s boss Christian Schaffalitzky and his letter, still not having received a response after several days, follows:

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SJH
SJH

St James House – Something nasty slipped into Friday Afternoon Trading Update!

At 2.15pm yesterday afternoon – a Friday and thus a case of no-one-is-watching o’clock – AIM-listed but suspended St James House (SJH) put out an RNS entitled Trading Update. Intra-day trading updates are usually bad news, so this one caught my attention. So what do we learn?

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Inspirit – pile up the beer and popcorn, it’s Entertainment time in the Boiler Room on ramptastic news of a "product update"

Yesterday AIM-listed POS Inspirit Energy conceded that Chris Heminway’s call for an EGM had been successful and that a vote on whether to bring Mr Heminway and one other onto the board at the expense of an existing NED will take place on 27th November. It was also announced that Mr Heminway’s holding had again increased, now to just over 9%. But Inspirit has now played its own hand with a “Product Update”.

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Tern – more cash to Wyld as a ramptastic deal is announced: when’s the placing?

AIM-listed monstrously overvalued jam-tomorrow investment company Tern plc (TERN) has announced a deal for its investee Wyld Networks, and the conversion of a cash loan into Convertible Loan Notes. Well, woopiedoo – but I suggest Wyld’s deal looks a bit questionable, and the loan conversion tells us that Tern has handed over another £250,000 from its depleted coffers to its cash-guzzling investee.

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IQE
IQE
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IQE and CEO Dr Drew Nelson – Missive to AIM Regulation and the FCA

I have dropped a note to our good friends the Oxymorons and Chocolate Teapots, of AIM Regulation and the FCA respectively, with regard to AIM-listed IQE (IQE) head honcho Dr Drew Nelson and his recent dealings with Equities First Holdings. It seems to me to be a certainty that he has not come clean over his loan that isn’t a loan, under which he is “obligated” to repurchase the shares he sold yet these deals are non-recourse (so he’s not “obligated” at all), where we were told he had cash put aside to meet margin calls but settled one with more shares, and where his margin call appears to have been reported well after the fact – or it was not the first – when, if I understand the rules correctly, all margin call matters and any other developments in relation to his EFH loan which isn’t a loan should be reported to the market within a few days.

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Red Flags at Night: Conroy Gold and Natural Resources – the (rubber?) cheque is still in the post (honest guv’)

Back on 2 April, AIM-listed jam-next-century gold play (apparently) Conroy Gold and Natural Resources (CGNR) finally got around to fessing up that its much celebrated fundraise six weeks previously has seen a shortfall in that £188,000 of the £302,500 supposedly raised (ie well over half) had not arrived. The whole episode stank of AIM Rules breaches and a letter duly landed on Oxymoron-in-chief Marcus Stuttard’s desk. We were told a further update would follow as soon as possible and in classic Red Flags at Night fashion, yesterday at 4.51pm on a Friday evening – no-one-is-watching o’clock – the update duly arrived. Now if all the money had arrived, I reckon we would have found out at a more normal time like 7am……

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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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Trafalgar Property: you’ve got to be having a laugh with this!

AIM-listed Trafalgar Property (TRAF) has made a total shambles of being a housebuilder in a housing boom. It listed on AIM in 2013 and at the last count was sporting just £14,000 of cash as at 18 December and recorded shareholder funds of MINUS £2.9 million at the end of September in its interims released at 4.23pm on the Friday before Christmas. Now it wants to utilise its property development skills to move into hydroponics – growing vegetables in test-tubes! Oh....

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Haydale – after the trading statement fiasco, Interims show Placing Ahoy. Sell!

Having made a total shambles of its half-year trading statement to the end of December, contradicting itself the very next day, AIM-listed Haydale (HAYD) has offered up dire interim results. The company will need more cash – and given the fiasco last time, that spells bad news for shareholders.

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VRS
VRS
PREMIUM CONTENT

Letter to AIM Regulation: Ref Versarien & BIGT

Yesterday, for the third time in less than a month, Versarien (VRS) was forced by an article on this website and then by AIM regulation to come clean on something, this time a founder director dumping all his shares. Let’s go for a fourth win, the relationship, or lack of it, with BIGT. My letter follows.

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Winnileaks special: Vast Resources: Ex Director Brian Basham accuses Fatty Cornish of signing off on untrue statements

Oh dear, oh dear, London’s worst Nomad, Roland “Fatty” Cornish really does have a lot on his plate this morning. I refer not to his third portion of finest Manx Kippers dripping in butter, followed by a quartet of hot crumpets with lashings of strawberry jam. No, he is already in hot water over his advice to ADVFN (AFN) that it should break AIM Rules but now Fleet Street Legend Brian Basham has written to Fatty about another of his cash guzzling and worthless clients, Vast Resources (VAST) and, thanks to Winnileaks, I have that letter.

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Vast Resources: where is the cash, Nomad Roland “Fatty” Cornish? Do AIM Rules mean anything at all?

Show me the money, AIM-listed Vast Resources (VAST)! Eight days ago at 3pm the company slipped a small statement with regard to its long-awaited death spiral financing first announced way back on 1 October 2019 into its no-one-is-watching o’clock Interims to October 2019……and we’ve heard nothing since. Is the deal off? What is the problem? Was there ever a deal? Has the lender got the cash?

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AFN
AFN
PREMIUM CONTENT

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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FDP
FDP
PREMIUM CONTENT

UPDATED: BREAKING: First Derivatives drives coach & horses through AIM Rules as it fails to reveal a $100m law suit that could sink it - but then case withdrawn

UPDATED: This begs all sorts of questions about First Derivatives (FDP), an AIM casino listed "superstar" about which we have repeatedly warned (and been vindicated by regulators acting on our complaints). The company faced a lawsuit that could bankrupt it and has failed to notify investors, a clear breach of AIM Rules.

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Bear
PREMIUM CONTENT

Five Slam-Dunk sells for 2019 – August update

It is just over a month since my last update, when my portfolio of five sells was actually showing a profit of 19.5% to anyone who bought as opposed to sold. Egg-on-face time! So how are things looking now – is it still sackcloth and ashes for me?

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PHO
PHO

Peel Hotels – after accounts delayed, worse…

Shares in Peel Hotels (PHO) were suspended towards the end of last month as the company was still in the process of finalising its audit and would miss the AIM Rules deadline. It has now published – and the shares are currently around 40p, down approaching 40%...

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: So Roger Lawson & the share selling twit from Accesso, just how do you want to control me?

Roger Lawson of ShareSoc has not reacted well to yesterday's article HERE but still refuses to say how he wants me and ShareProphets to be curbed and controlled. Over to you comrade and I think you really are talking bollocks. Then it is onto Red Rock Resources (RRR), Georgian Mining (GEO) and some hard questions about potential AIM Rules breaches at Westminster Group (WSG), run by loathsome ex Tory MP Tony Baldry of 3DM infamy. I remind you to risk a milkshake from a wretched lefty and vote the right way today. And I make another plea to those bearcast listeners yet to be heros, please donate now to Rogue Bloggers for Woodlarks HERE.

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MRS
MRS

Management Resource Solutions - breaking AIM Rules again

In the greater scheme of things, given our exposes on the related parties nest of snakes, the blatant RNS lie and the fundamental insolvency of Management Resource Solutions (MRS) this is small beer, but it seems that the Management Team do not give a FF about AIM rules on website disclosure as the screenshot below demonstrates.

OPP
OPP

Filthy Forty Origo Partners – where’s the website gone?

I noted last month that ShareProphets AIM-China Filthy Forty play Origo Partners (OPP) had sacked its investment adviser, Origo Advisers Limited “for cause”. Now it seems that the company’s website has disappeared, as you can see HERE – which is, of course, contrary to AIM Rules. But before I get on my high horse, I would note a few things.

MRS
MRS

Ooh, Er MRS – has the Nomad turned the screw?

This is utterly bizarre: on 28 March AIM-listed POS Management Resource Solutions (MRS) announced the acquisition of Alerion Consulting Ltd from its founder, Elliott Talbott, and others for a consideration of £1.32 million to be satisfied by the issue of MRS confetti at 5p per share and we were told that an application for admission to trading of the consideration shares on or around 4 April would be made. Now, on 5th April – at 9.38am – we learn that the application to have them admitted to trading hasn’t been made at all, yet the acquisition completed on 28th March!

JAY
JAY

John Meyer of SP Angel is shameless with his BlueJay ramping c/o Justin the Clown. Shocking.

John Meyer of disgraced Nomad of MySquar (FRAUD) infamy SP Angel really is a very naughty boy. The scallywag was in action once again on the Justin the Clown podcast at Vox Markets, as you can witness below.  To save your suffering fast forward to 20 minutes and 40 seconds when the analyst appears. His crimes are numerous. First up..

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Filtronic - either way FinnCrap has sinned big time, which is it?

I start with young Joshua's meeting with Santa Claus as flagged up yesterday and then discuss a couple of other Christmas rituals. Then it is onto today's shocker from Filtronic )(FTC). I cover why the statement is misleading, discuss what is the real cash position and thus how quickly this could completely unravel. I then look at FinnCrap (FCAP), appointed Nomad and broker on November 15. Either it failed to do adequate Due Diligence or it has colluded in sitting on price sensitive information in clear breach of AIM Rules. Either is very naughty indeed. Which is it Sam Smith? Finally a few words on the leadership challenge to wretched Theresa May, 

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Just how many AIM Rules must you break before Finncrap gives a damn and quits?

I prepare for Joshua's first meeting with Santa in 2018 and discuss that. I look at Telit (TCM) and its latest wholesale breach of AIM Rules. Why does FinnCrap (FCAP) not care? I ask when FinnCap will have its first profits warning. I look at Purplebricks (PURP), Mysale (MYSL) and Bilby (BILB).

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PREMIUM CONTENT

After the ouzo, what now for Tern? And what about InVMA?

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?

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BMR
BMR

BMR Scandal - what about the November Placing? A Very Angry Bear comes a-calling

Further to my pieces on the BMR Scandal, we might note that BMR completed a Placing via those fine upstanding chaps at Peterhouse Corporate Finance to raise £0.8 million at 2p, as announced on 14 November last year. This was, of course, when BMR knew – but the market did not – that it had received a default notice regarding its Kabwe project in Zambia.

BMR
BMR

SCANDAL!! BMR: loses Zambian mining right (of which it was forewarned but shareholders weren’t), shares suspended. What about the cash? What about Nomad W H Ireland?

AIM-listed BMR updated the market at 1.15 this afternoon: it has been stripped of its Zambian Mining right and the shares are now suspended. And it seems the threat was known back in September, but the company didn’t bother to mention it.

RedX Pharma – exit from administration, return to trading on AIM from midday but serious questions remain

We have been following closely the story of RedX Pharma plc (REDX) as it ran out of other people’s money and went into administration. Now, after just over five months on the suspended list, the company has been successfully restructured and it is all systems go. This is very good news for the company’s shareholders, but questions remain – not least of which is what happened to the Administrators’ Final Report. The company announced it had published the whole thing on its website but I can’t  find it. And the relevant filings at Companies House are still missing. No doubt they will appear, but surely the return to trading on AIM should come AFTER the market has had a chance to digest it, not before. Black marks all round then.

NYO
NYO

Nyota – a complete shambles and horror show as AIM completely disgraces itself once again

Last night at 5.25pm Nyota Minerals (NYO) announced that its shares were being booted off the AIM casino. The roll call of shame on this one is appalling. We have AIM Regulation, broker Peterhouse and the directors of the company seemingly all at fault here, not to mention former Nomad Beaumont Cornish and two further Nomads, ZAI Corporate Finance and Allenby being dragged in. It is a true horror show. But rather than look in the mirror, the directors pointed the finger at ShareProphets – blame the media, the investigative journalists, blame evil Tom Winnifrith and myself, Nigel Somerville. This is shocking.

TLY
TLY

Totally: Mea culpa, I apologise - there’s nothing to see here

I must apologise. Yesterday I wrote an article stating that Totally was in breach of AIM regulations in not making an announcement about its CFO getting another job. I was wrong; I have given myself a good and proper birching this morning and am here to beg forgiveness.

UK Oil & Gas, the untrue RNS and a Nomad with no balls & not fit for purpose: WH Ireland

Every AIM company must have a Nominated Adviser, a NOMAD, to retain its listing. A Nomad is an FCA regulated financial adviser which charges an arm and a leg as a retainer to ensure that every RNS issued is 1005 accurate and that the company also complies with all the other AIM Rules. Not, as the LSE has made clear, that there is any downside in breaking all the rules or telling outright lies. That brings us to UK Oil & Gas (UKOG).

MSG
MSG

Milestone - another bailout placing ahoy from the AIM Rule Breakers

The underlying problem with Milestone Group (MSG) is that it is a crap business that never generates any cash. Thus in order to keep CEO Deborah White in the lifestyle to which she has become accustomed and to keep paying crony capitalist advisers such as shamed PR firm Walbrook (Eden, Fusionex, Advanced Oncotherapy etc) it relies on bailout placing after bailout placing with shareholders seeing value destroyed every time.

SEV
SEV

Servision and that breach of AIM rules with the delayed (lack of) profits warning - is it even worse that we thought?

I have been deeply troubled by the most recent lack of profits warning from AIM listed worthless POS Servision (SEV). My initial view, expressed HERE, is that in not admitting to order slippage from December for almost six months it had committed a massive breach of AIM Rules regarding timely disclosure of price sensitive news. But I fear it may be far worse than that.

MSG
MSG

Milestone Group – a lifestyle business for Deborah White: the hard data

I think Deborah White of Milestone Group (MSG) should be fired and then made to to a perp walk for her blatant breach of AIM rules with regard to non disclosure of price sensitive information. But there is another reason to hand Debs a p45 today...her stunning record of non delivery. It is worth chronicling just how bad it is.

Filthy Forty Taihua – at last that pesky buy-back is announced, but where has Daniel Stewart popped up from?

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has finally announced the long-awaited buy-back first announced way back last August when launching an Open Offer to pay for it. Hurrah! So it wasn’t a massive spoof to get a fundraising away after all, although the net result of the exercise appears to be a lot more shares in issue and a net inflow of well over half the funds raised. 

FRR
FRR

Frontera Resources - does anyone give a flying wotsit about AIM Rules anymore?

Hat tip to reader P who has already dobbed Frontera Resources (FRR) into the Oxymorons at AIM Regulation for what appears to be a blatant reach of the rules but on the casino do the rules matter any more? Does anyone give a flying wotsit about sticking to the rules when Marcus Stuttard and his Keystone Cops are just so utterly useless? AIM Rules dictate that companies must inform investors via RNs of material changes in trading. So over to Frontera...

Bearcast

Tom Winnifrith bonus bearcast - more lies from Cloudtag, shares to restart trading Friday: SELL

Cloudtag (CTAG) has released an after hours RNS. It beggars belief that Nomad Cairn has signed off on this shite, More lies to compound earlier lies but also an admission of more breaches of AIM Rules and that 2016 sales will be zero, contrary to earlier lies. It is all utter horseshite and in this special podcast I take apart this statement bit by bit. It is a bad day for AIM. Cairn you should be ashamed and is beneath contempt. Cloudtag has lied and committed fraud and its shares are a sell with a 0p target.

MRS
MRS

Ooooh Er MRS....the AIM trainwreck from Down Under gets worse and worse

As a mega bear of Management Resource Solutions (MRS) from almost the moment this crock of Turkish floated on the AIM casino, its ever worsening problems make me think that at 2.23 AM at Athens airport it is almost ouzo o'clock. The latest update is just so grim.

CAF
CAF

Filthy 40 China Africa: restructuring EGM Circular released, correction and apology, but value at the current price?

The details have been announced: out of cash ShareProphets AIM-China Filthy Forty play China Africa resources (CAF) is proposing to divest its existing asset to its shareholders by way of an in specie special dividend (apparently valued at 1.75p per share) to leave a clean (and rather empty) cash shell. New money is coming in at just 2.17p a share, with a new board, a new business model and a new set of advisers. Against an IPO price of 40p a share back in 2011, China Africa has been a stunningly poor company. Things look set to change for the better, although the maths suggests that the current share price is still well ahead of events. 

GLS
GLS

AIM SHOCKER: Galasys - AIM’s day of sickening shame as Chairman points the finger

In a quite astonishing statement released yesterday, the non-exec Chairman of AIM death-row inhabitant Galasys (GLS), Mr Kim Seng Teh, has given his account of an unbelievable systemic failure on the AIM Casino to control the behaviour of the board of a member of the world’s most successful growth market. WH Ireland, as the Nomad responsible for this train-wreck until a few days ago, has a number of serious questions to answer, as does AIM Regulation – which, I hope, will be asking a good few questions of its own. I wouldn’t like to second-guess who is the villain in the boardroom and who is the innocent party, but I am sure of one thing: heads must roll in the oversight department.

African Potash – AIM Rule 26 page updated: where has joint broker Cornhill gone?

So having pointed out that AIM-listed and under-the-Sheriff’s-spotlight African Potash (AFPO) was in slam dunk breach of AIM Rule 26 by naming the wrong brokerage as its joint broker (actually the one named closed down at the start of this year), and incorrectly naming its Auditor, the company has got around to getting things up to date. And so we can now see that it has one joint broker in the form of its Nomad, Cantor Fitzgerald. So what happened to the other joint broker, Cornhill? Has it resigned? I think (and AIM Rules dictate) that we should be told.

Moneytree

AIM has its part to play as the country prepares for Brexit. I’m not holding my breath.

There is no doubt that AIM is an incredible cash-raising machine. According to the most recent AIM Factsheet (to June 2016), published by the London Stock Exchange (HERE) £41 billion has been raised in new issues, and a further £56 billion in further issues of shares – a whopping total of £97 billion. Over the 21-year life of the Casino that is a very impressive average of £4.6 billion a year.

GSR
GSR

Golden Saint Resources – golden handshake from Cyril who sells up and discloses late

In a final two-fingered salute to the Casino, Cyril D’Silva has informed AIM-listed POS Golden Saint Resources (GSR) that he is off to spend more time with his classic cars, and detailed some share transactions incredibly late: so long, and thanks for all the cash...

LED
LED

China fraud LED International Holdings and AIM Rule 41: when a rule isn’t a rule at all

ShareProphets AIM-China Filthy Forty member LED International Holdings (LED) has been suspended from trading since 22 Dec 2015 – we are well into month seven of suspension, then. AIM Rule 41 says: “The Exchange will cancel the admission of AIM securities where these have been suspended from trading for six months”. Yet LED has still not been given the order of the boot by AIM Regulation. I dropped our friendly Oxymorons a line….

NYO
NYO

Nyota Minerals - Useless overpaid pig CEO Richard Chase ignores another EGM request: an Open Letter to the swine

Finally, yesterday afternoon, the swine that has earned almost £600,000 running Nyota Minerals (NYO) into the ground - Mr Richard Chase - fessed up that he had received another EGM request asking for his head on a plate. We told you about this some days ago but sod AIM Rules abut timely disclosure, Chase fessed up only at the last minute. Will the mother listen to the owners of the company, long suffering shareholders?

NYO
NYO

Richard Chase at Nyota - fess up you've had another EGM request have you not?

The disgusting POS that is Richard Chase of Nyota Minerals (NYO) is not telling you something. Naughty boy. Mr Chase is now breaking AIM Rules as well as trousering £10,000 a month for running the company into the ground as well as ignoring all his shareholders requests..

Eden Research: How about you obey AIM Rules for once and 'fess up re milestone non payments

For a second I will park the five years  of fraudulent activities of Eden Research (EDEN) with regard to Terpenetech and move on to why it is breaching AIM Rules ( Number 11) with regard to non disclosure of material information elsewhere.

Tern – Cryptosoft update and a clarification from yours truly

AIM-listed Tern plc (TERN) released an update on the progress of its flagship investment Cryptosoft yesterday morning. I’m not entirely sure why it bothered, given that only £26,000 of sales is reported in something of a jam tomorrow statement.

CEB
CEB

CEB Resources (now Andalas Energy) - are its deals falling apart?

If the RNS statements issued by this overhyped junk are to be believed the answer is YES! Give the form of low-life colonial share ramping CEO Dave Whitby I stress the word IF.

Red Flags at Night: Tern “Holdings in Company” RNS – does anyone give a **** about disclosure rules?

At no-one-is-watching o’clock yesterday (5.14pm) AIM-listed Tern plc (TERN) released an RNS detailing yet more selling by institutional investor Hargreave Hale. This has been an on-going off-load ever since I pointed out a few problems HERE, HERE, HEREHERE, and HERE but it would appear that someone has been breaching disclosure rules big style. Was it the company or Hargreave Hale? Some explanation is needed pronto.

Red Flags at Night: Rightster CEO share dealings raise questions

On Thursday at no-one-is-watching o’clock (5.54pm) AIM-listed Rightster (RSTR) issued a very odd RNS detailing peculiar dealings in the company’s shares by its CEO, Mr Patrick Walker.  From the text of the RNS it would appear that his director shareholding is – as I understand it – under the control of a third party. Who might that be, and why? Then there is the reporting of a transaction dating back to 7 August – is that delay a breach of AIM Rules? 

LGO
LGO

David Lenigas and his LGO shares – no that Nominee stuff does not wash. Dave must fess up in full

It is suggested by some who still believe in David Lenigas that he has not in fact sold any shares in LGO Energy (LGO) while telling us all how cheap they were but has merely shifted stock into Nominee accounts. Sorry folks that does not wash. Dave & LGO Energy MUST answer in public the questions posed HERE. The facts are simple.

GBO
GBO

The Globo Scandal – who is behind Lantau Holdings Ltd, and was the RNS of 14 Sept Market Abuse?

What a staggering set of RNS releases this morning from AIM fraud Globo (GBO). First we have the near admission that the fraud allegations are substantially true. Then we have the resignation with immediate effect of joint Broker to Globo, Cannacord – just as Cannacord resigned the Quindell (QPP) account when the heat was really on. And to cap it all -  the cherry on the icing on the cake - news that Globo’s erstwhile CEO, Mr Konstantinos Papadimitrakopoulos, had been covertly selling down his holding of shares before the arrival of the bear report from Quintessential Capital Management. But when was he selling?

CEB
CEB

CEB to be suspended for weeks – but why has lying, rule breaking Dave Whitby not been fired?

Shares in CEB Resources (CEB) will now be suspended for weeks if not a couple of months because – as I pointed out here on Friday – it is about to undertake transactions that amount to a reverse takeover (RTO). But the big question is why has CEO Dave Whitby not been fired for wholesale rule breaches?

Bearcast

Tom Winnifrith Bearcast Special: Dave Whitby of CEB Resources should be sacked and prosecuted TODAY

Shares in CEB Resources (CEB) are suspended on AIM ahead of an announcement on Monday. That is because its CEO Dave Whitby revealed a stack of price sensitive data including news that an RTO was planned in a podcast on ADVFN with Justin the Clown Yesterday. Flip Flop Ben Turney is so busy blowing smoke up the arse of Whitby that he may wish to ignore this. Whitby has broken insider dealing laws and a stack of AIM Rules. He should be sacked at once, barred from AIM and prosecuted. If you want to clean up AIM you deal with those who break the laws. Whitby has broken the laws. The Sheriff of AIM is getting a noose ready...

GMC
GMC

Global Market Group: finally the undead corpse is put out of its misery

Finally at 5.34pm tonight came the announcement that a wooden stake had been driven through the heart of the undead corpse that was AIM-China play Global Market Group (GMC). Having been without a Nomad for a month and two days, AIM Rules demanded that the shares be cancelled from trading after a month. So I guess the formal announcement that Global Market is off the Casino is only two days late. That’ll be the tenth delisting from the ShareProphets AIM-China Filthy Forty.

GMC
GMC

AIM-China Global Market Group: where’s the Aim Cancellation Notice? Day 2

We’ve already highlighted this HERE and dropped a line to our good friends at AIM regulation HERE but still nothing. AIM-listed China play Global Market Group (GMC) announced back on 21 August that its Nomad had quit with immediate effect. Under AIM Rules that means instant suspension, but also that if no new Nomad is appointed within one month then the shares will be delisted. It is now 23 September and no new Nomad has been appointed so as we understand AIM Rules there should have been a formal AIM Cancellation notice yesterday. There was none forthcoming.

GMC
GMC

Why Global Market Group has not yet been formally booted off AIM – a cynic writes

Blow me down with a feather – there is someone in the world even more of a cynic than me! We have already covered the fact that AIM-listed (for the time being, it appears) Global Market Group (GMC) has been without a Nomad now for one month and one day – and that under AIM Rules it should therefore have been formally shown the exit this morning: one month without a Nomad = delisting under AIM Rules. But there has been no announcement. We wonder why. Is AIM Regulation asleep at the wheel or is there some other reason? Over to uber-cynical ‘Keith’ to explain…..

GMC
GMC

Global Market Group - Letter to AIM Regulation: Are you asleep at the wheel?

Further to Tom Winnifrith's piece HERE which highlights that ShareProphets AIM-China Filthy Forty member Global Market Group (GMC) has now been without a Nomad for a month and a day, yet there has been no announcement that it has been formally booted off the Casino I have dropped a line to AIM Regulation. Is it the case that ShareProphets is now the regulator? The letter reads:

Angus Forrest of Tern time to fess up on another AIM Rule breach? Or just lack of transparency?

Oh deary, deary me. We still have not fully cleared up the mystery warrant issue (thus far we have simply been told that the exercise was all done correctly, but there is no explanation of the statements in the 2013 and 2014 annual results RNSs, nor the relevant Annual Reports which contradict this) when along comes another difficulty. I fear that this next wee problemo may be rather more clear-cut.

Correction: IGas -STILL not in compliance with AIM Rule 17. Time for AIM Regulation to show its teeth

Yesterday I ran a piece saying that IGas (IGAS) was still not complying with DTR 3 of the Disclosure and Transparency Rules in the FCA rule book. It isn’t, but it turns out that DTR 3 does not apply to AIM companies, not that I managed to glean that from the DTR rules, although it can be inferred from the AIM Rules in the Guidance Notes. Mea Culpa, then and I apologise for the error. But AIM Rule 17 contains much the same requirements and so here is a corrected version of that piece. For the record, DTR 5 (rules governing disclosure of holdings greater that 3%) DOES apply to AIM Companies. 

Tern plc – Tomorrow’s RNS Today

In the light of my two articles regarding Tern’s (TERN) RNSs of 15 and 17 Sept 2014 HERE  and HERE which pointed to incorrect information regarding share issues, conversion of debt and the acquisition of Cryptosoft it is clear that Tern and its hapless Nomad WH Ireland will have had to cobble together a response tomorrow if they are to pretend that they give a fart about AIM Rules . Ever helpful, ShareProphets can bring that RNS to you today…

QPP
QPP

Open Letter to the FCA & AIM Regulation – Quindell and Market Abuse on 13 October 2014

Market abuse covers many sins but one is to give a misleading impression of the value of securities as a result of false statements.  Quindell had told investors that it would achieve cash breakeven in Q3 2014. In fact it managed to beat this target thanks to a number of covert measures which hid the true picture. This is market abuse (FCA) but also a breach of AIM Rules. I have therefore written to both the FCA and AIM Regulation and cc’d in the hapless chumps at Nomad Cenkos demanding an urgent investigation.  I write:

QPP
QPP

Quenron – Another Hot Air RNS - this time in Canada

Quindell (QPP) has announced what it believes to be a major deal. Oddly certain Bulletin board morons who have in the past been leaked confidential lawyer’s letters by Quenron have been pre-announcing this for days making a mockery of AIM rules re the release of supposedly price sensitive information. But that is the least of Quindell’s crimes.

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