Keyword results: Fujian

Gamfook in NEX-China flotation: Red Flag central, keep well away!

I didn’t know whether to laugh or to cry at the flotation of Gamfook (GAMF) on the NEX lobster pot on Christmas Eve. Was it an elaborate April Fool, carried out in December to fool us all? I’ve no idea. But the Red Flags are everywhere to see. For starters, it is a Chinese jewellery play with one of its main outposts to be found in Fujian Province (which, I gather, is called Fooking in another Chinese dialect). And the Broker is that fine house of AIM-China frauds, Daniel Stewart – the former Nomad and former resident of the AIM Casino. What’s not to like?

JSI
JSI

Filthy Forty Jiasen – AIM cancellation imminent, NEX application still not made. Timberrrrrr……

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?

JSI
JSI

Filthy Forty Jiasen – And now the reason for proposing the AIM delisting

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….

Stuttard’s Septic Seven – update #3

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?

China Flag

Lost money on China Frauds Naibu, China Chaintek, JQW & Camkids - here's a mad idea

Did you lose money on any of the Fujian Four? We hope that you took our warnings seriously and did not but now there is hope if you ignored us and lost out. Or is there? I refer you to the website of China Resolutions which claims that it may get your money back.

JSI
JSI

Please sue me for libel: Jiasen International is an AIM listed fraud from China – interims today

The Bulletin Board Morons want Jiasen (JSI) to sue me for libel. Well let’s make this easy for the Fujian fraudsters. “Jiasen is a fraud and its criminal directors have produced bogus numbers today – its shares are worth 0p.” There is no ambiguity there. Sue me for libel. What is the Chinese for “See you in Court bitchez?”

FRAUD: Camkids – an old dog with new tricks to explain how nearly ‘All the Money’s Gone’

Former ‘Investors Chronicle’ favourite AIM casino China fraud Camkids Group (CAMK) has released a more than 600 word RNS, which can be almost summed up by a 1999 song from Wolverhampton band Babylon Zoo; ‘All the Money’s Gone’… The shares are crashing and if Nomad Allenby had any integrity it would quit. This is a total Rum n'Coke.

JSI
JSI

Visit to Jiasen International June 2015 - Red Flags Ahoy, when's the delisting?

A man known to me has recently been to China to see Jiasen (JSI). I was a bear before, having read this I am even more of a bear. Too many things just do not stack up. There clearly is a Jiasen business. But it is just nothing like what is claimed by the listed company. On the basis of this on the ground reporting by a fellow who understands industrial processes I state that beyond doubt I do not believe that its stated profits, sales and net assets are real.

JQW
JQW

JQW – CFO walks: have the rats started to desert the s(t)inking ship?

AIM-listed JQW plc (JQW) – one of the Fujian four, from Fujian province in China announced its AGM result today, as well as the departure of Chief Financial Officer, Mr Kooi Wei Boon. Under normal circumstances, the FD departing out of the blue would not be taken well – and, indeed, JQW saw its shares slide 14% on the news – but given the general level of suspicion surrounding AIM-listed China frauds this is most unsettling news for anyone mad enough to be holding this stock. 

Bulletin Board or Twitter Moron of the week #22 - in honour of Camkids

Camkids is capitalised at £12.5 million. It claims to have increased its cash pile by £9 million to £40 million last year and to be profitable and generating cash. Yet it cannot afford a £1 milluion dividend. Sound a bit Naibu-esque? Oddly it is from the same China province (Fuijian) and is engaged in the same business, fraud. Ooops we meant making shoes. And there are still folks who think its shares are cheap. In their honour we bring you this week's Bulletin Board moron contest.

JSI
JSI

Who do you think you are kidding Mr Jiasen, you're 'avin' a bubble

Jiasen International (JSI) a company making wooden doors which claims to be able to buck all macro economic trends and operates in the fraud hotspot of Fujian province China has noticed that its share price has collapsed to just 19p - down from a July 2014 IPO at 82p.

LSE
LSE

Should I go to the London Stock Exchange AGM to ask about China frauds?

Whaddya think? Lucian Miers reckons that we should both buy a few shares (and this time I will have full documentation) and head along to the London Stock Exchange (LSE) AGM on April 29th to pick a fight over Naibu (NBU) and the other China frauds. Should we go?

Bearcast

Tom Winnifrith Bearcast - April 1

I start with Aiden Earley and Worthington - Gotcha! It was NOT an April Fool, he really is speaking on "faith & money" at UK Investor Show on April 18. Then on to Quindell, Daniel Stewart, the criminal Rob Terry, Coms, Hunter Resources (sorry bad language in that section but the tools deserve it), Real Good Food, China Chaintek and the other Fujian frauds, Afren, The Innovation Group and then West African Minerals, Mwana, my good friend Jim Mellon and the issue of shareholder democracy.

Listen to the Bearcast:
NBU
NBU

Naibu – Comedy and Tragedy – you cannot say I did not warn you

The statement today from Naibu (NBU) is comedy. This is such a slam dunk fraud I cannot see why we bother pretending otherwise. The tragedy is that with the shares still suspended investors face a 100% wipe-out. I turn to the statement and also to the roll of shame and how this MUST BE CAREER ENDING for some folks if AIM Regulation is to retain any credibility. Are you reading Marcus Stuttard, the phoney “Sheriff of AIM”? The Real Sheriff has a message for you too. Let’s start with the statement which comes after a suspension on January 9 as the NEDS sough clarification of Naibu’s financial position.

Lucian Miers goes short China Chaintek at 60p – target price 0p

The suspension of trading in shares in China fraud Naibu (NBU) will make bear raider Lucian Miers a stack of cash as he was a long time short. So who is next?

NBU
NBU

The end of squalid China fraud Naibu - who is next?

As predicted just days ago, I see that the non-executive directors at the squalid China Fraud Naibu (NBU), “experienced” accountant Giles Elliot and “experienced” lawyer David Thomas have extracted their heads from their arses and had the shares suspended. 

JSI
JSI

Tom Winnifrith’s share tips of the year 2015, No 8 – sell Jiasen International at 42.5p

Anyone owning a Chinese based AIM stock is certifiably bonkers.  That is especially the case if it is based in Fujian Province, a small part of the PRC which has specialised in listing frauds on AIM, the Frankfurt Exchange, the TSX and NASDAQ.  The Fujian four on AIM are: Camkids (CAMK), Naibu (NBU), China Chaintek (CTEK) and Jiasen International (JSI) and for all four my ultimate target price is 0p. But I feature Jiasen today at 42.5p as a sell of the year.

Sheriff-Of-AIM

Tom Winnifrith's NY Sheriff Resolutions and the 10 least wanted men on AIM BearCast

It is a special Bearcast as I make a number of Sheriff of AIM New Year Resolutions. And then I go onto to explain why the following are the least wanted men on the AIM Casino and what I plan to do about it to make their working lives a living hell in 2015:

Listen to the Bearcast:
JSI
JSI

Absolute tummy rot on Jiasen International – a China POS

I actually like the team from Beaufort Securities but have to pull them up for this note of last Thursday on AIM China POS Jiasen International (JSI). This company may be legit but everything it states follows the pattern of companies – like it – from Fujian province which are out and out frauds.

Hookers

ZAI Corporate Finance is the new Daniel Stewart – a list of Bargepole stocks (its clients)

As we know Daniel Stewart will stop being a Nomad tomorrow night and so shares in its clients will be suspended from the AIM Casino unless they get a new Nomad PDQ. So today China Chaintek (CTEK) announced that ZAI Corporate Finance had taken it one. FFS – Alarm Bells vicar? Due diligence? A list of ZAI bargepole stocks is needed now.


Camkids Interims - an inexplicable dividend cut from a Chinese POS on the AIM Casino

Another day and another Chinese POS on the AIM casino has cut its cash dividend for reasons that one can only explain in one way. Today’s little shocker is Camkids (CAMK) a shoe producer from Fujian like Naibu (NBU) and those German listed Chinese frauds.

The Industrial Scale China stock Fraud in Fujian home to Naibu, China Chaintek and Camkids revealed

This article appeared in the Chinese publication  Caixin Online at Christmas 2012. Staff reporter Qu Yunyu has done a superb job. It should be required reading for the crony capitalists round at Daniel Stewart, Allenby Capital and Abchurch Communications as well as AIM Regulation and for anyone mad enough to hold shares in Naibu (NBU), Camkids (CAMK) or China Chaintek (CTEK). It is explicit about what has gone on. If you own shares in any of the Fujian companies on the AIM Casino you should sell them all at once. The article – with a few choice sections in bold from me -  reads: 

Sheriff

Another listed Chinese firm sees shares collapse today as theft and fraud emerge – this time its Ultrasonic listed in Germany

Frigging hell how many warning signs do investors in AIM listed China stocks need? Today’s shocker comes from Germany where Ultrasonic – a shoe maker – has seen its shares crash by 79% in just one day. But there is a read across to some of our AIM listed frauds.

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