The last time I got a "late night" text from David Bick, the thirsty PR man for share ramper David Lenigas, the Guv'nor warned me not to go to his Manor in E13 or else.... But as Bick prepares to see his client Jabba The Hutt exposed on Saturday at UK Investor show and with his client now reduced to tweting out blatant lies that just make him look a pathetic wretch, I have received another bizzare late night text.
Jabba The Hutt has taken to twitter last night complaining that I have not published his latest abusive email sent to me at 7.07 PM after yesterday's expose. Apparently I have to drop everything to respond and publicise this journalist bullying and smearing fat Aussie share ramper. Needless to say, the email from David Lenigas is pathetic but just to bring a smile to his face as he gazes down to the marina in the Monaco tax haven, where lives, to look at his 36 foot yacht....
It rather seems to have passed folks by but having failed to raise £6 million in a placing he masterminded a month ago (as leaked emails show HERE), Jabba The Hutt is still determined to see dilution on an unprecedented scale - even by his standards - at LGO Energy (LGO). There is an EGM on Monday 18 April.
David Lenigas would like to let shareholders who have lost a fortune in LGO Energy, Inspirit, Afriag, Lenigas Cuba, Polemos, Doriemus, etc, etc that he shares their pain as we can show in the photo below.
In today's podcast I start with the clown Lenigas as he stoops to new lows in every respect - see HERE. I then move onto a shit company not linkd to Jabba The Hutt - Taihua (TAIH). I also cover Solo Oil ( SOLO), Strat Aero (AERO), 88 Energy (88E), Cluff Natural (CLNR) and the time Algy met a man in shorts and a T shirt (me) and turned up his patrician nose, and Nighthawk Energy (HAWK)
It has all gone a bit quiet in the boiler room but in the absence of any real news who better to step up to the plate and pretend that there is good news than fat Aussie share ramper Jabba The Hutt? With just 25 days to go until he is 100% exposed at UK Investor Show by myself (SEE HERE), today David Lenigas tweeted:
Polemos (PLMO) has been a value destruction exercise par exellence by David Lenigas and his wrecking crew and news of another planned placing today just adds to that tale. The only question is who would be daft enough to get involved?
Due to the huge interest in my UK INvestor Show session "Why David Lenigas should be drummed off AIM forever" we are now miving this session to the main auditorium on April 30 2016. I would not want anyone to miss out. And if you needed further evidence of why the case is such a slam dunk here is a tweet from 48 hours ago:
LeniGas Cuba (CUBA) fans will remember that they purchased a 15.8% interest in MEO Australia on 29 February as described below in its announcement. They will remember how Jabba The Hutt ramped this news via twitter to the morons who follow him and trust him with their hard earned cash. Hmmmmm.
In a wide ranging podcast today I cover: 88 Energy (88E), Verona Pharma (VRP), LGO Energy (LGO), UK Oil & Gas (UKOG), Solo Oil (SOLO), the woes of Jabba The Hutt, Wandisco (WAND), Stilo (STL) and Jiasen (JSI) and I offer you a severe warning about uber-ramped Challenger Acquisitions (CHAL) where its a real PLACING AHOY
Last week it was Doriemus ( booted off AIM onto the ISDX lobster pot) that was the Lenigas car crash. This week it is Fastjet ( dire profits alert, going bust). Which Lenigas associated company will crash & burn next week I wonder? But while shareholders in companies linked to Jabba The Hutt suffer, the man himself is hard at work in Cuba as the photo below shows. By midnight Sunday please submit your captions in the comments section below.
This morning LGO Energy (LGO) admitted that US investors were - after all - not going to spunk $20 million on bailing out the debt ridden, AIM listed disaster story. I can reveal that a plan B is now underway. Jabba The Hutt is back in town...
You do not like what a critic in the press says? Having already said that he is short of your stock ( a lie) - HERE - the next thing to do from the play book if you are a shameless share ramper like David Lenigas is to accuse him of saying something which he did not say but which is patently idiotic and then to smear him. And so let us examine another despicable tweet from Dave.
You see a share price falling despite your ramping what do you do if you are Jabba The Hutt, David Lenigas, the unnacceptable face of capitalism? You open up your laptop on your 100 foot yacht in the Monaco tax haven and tweet out some lies. David Lenigas you are a liar. I invite you to sue me for libel for calling you a liar. You will not because here is (more) slam dunk proof that you are a liar. Here are some lies you told about LGO Energy (LGO) - target price 0p - with the past 24 hours.
Today Lenigas Cuba (CUBA) purchased a further interest in MEO Australia as set out below - needless to say this is another Jabba The Hutt deal where the numbers only make sense if you use Leni-maths.
On 19 November 2015 shares in Rare Earth Minerals were 0.8p and I warned that they were overvalued and that a placing was 100% inevitable - HERE. David Lenigas took to twitter and explicitly accused me of lying/being a troll/making it all up. Today the shares stand at 0.57p after a placing today at just 0.55p. So who is the liar now?
Throughout the last few months of last year David Lenigas tweeted again and again how an ISDX listing was the answer to all the liquidity nightmares at the bottom end of AIM. Big Dave misled his folowers for reasons I shall explain below but the proof of that lie came on what for me was a good Friday with Afriag. For Jabba The Hutt with yet another lie laid bar this is a disaster.
The unnacceptable face of capitalism, Mr David Lenigas, is today ramping shares in LGO Energy (LGO), spoofing the army of lobotomy patients that appear to follow him, into buying the shares, with his own peanuts purchase. The shares are now 0.33p as these poor fools are parted from their hard earned savings, as they are played, spoofed, by the fat Aussie share promoter.
Another day and another dismal attempt by David Lenigas to ramp shares in ailing Lenigas Cuba (CUBA) on the ISDX lobster pot. Hmmm. Lenigas tells us that ISDX - not AIM - is where the liquidity is so how come not one fucking share has traded in this company since 18 February with not one share traded after this latest ramp and with the shares (listed at 5p) stuck at 0.5p to sell just 3 months later? Answer please Mr Lenigas? And so to today's ramptastic bollocks from Jabba The Hutt.
David Lenigas tries his best to ramp the crock of shit that is Lenigas Cuba (CUBA) but its shares are now just 0.5p to sell (in small amounts), that is 90% down in just over 3 months. The excuses Jabba The Hutt is offering on twitter are lamentable as you can see below. And there are also the half-truths.
I have composed a short poem for Mr David Lenigas, yes Jabba The Hutt gets a St Valentines day message from me. In today's contest I would like you to compose a poem for someone else who's portfolio deserves massacring, market abuser Chris Oil, PR genius Steffi, Cyril d'Silva from Golden Saint or perhaps Nigel Somerville has a poem for Angus Forrest at Tern. But can you better my four line offerings below? ( all poems must be in this style)
LGO Energy (LGO) owning lunatic Wildes responds to yesterday's damning indictment of the David Lenigas created value destroying machine by saying that it was all down to the oil price and BP (BP.) was no better. In this podcasts I give the hard facts that show that Wildes is just wrong and explain why BP is an investment and is good news for all concerned while LGO is just a crap gambling chip which gains no-one other than the man exposed HERE, Jabba The Hutt.
Some are trying to argue that folks have made money out of LGO Energy (LGO) as a gambling chip by trading it. Maybe some have. Most of have lost because as the truly shocking hard data below shows this has been a masterclass in ramping, value destruction and executive greed. The only real winner here has been Jabba The Hutt, Mr David Lenigas.
I noted today that the ability of the (value) Wrecking Crew that is David Lenigas and associated gophers at Polemos was dire and I doubted if anyone could do worse (see HERE). But a kind reader has managed to find an even more disastrous investment made by Jabba The Hutt using - natch - other folks cash. Let's wind back to 2008 and LGO Energy (LGO), then called Lenigas & Oil.
I start with an analysis of how David Lenigas and his gophers Hamish Harris and Donnie Strang have managed to spunk £1.4 million of the £1.55 million they had to play with at Polemos (PLMO) in three and a bit years and why after today's placing this is still a POS with the toxic Jabba The Hutt odour all around it. Then it is onto LGO Energy (TOAST) and its latest disaster. Then I move onto Leed Resources (LDP), Motive TV (MTV), Golden Saint Resources (GSR) and Canaccord (CF). One suspects the great analyst Saint Kevin of Ashton loved its disastrous numbers today as the banksters had a hot date with karma. This podcast contains strong language. Lenigas is one four letter word but there are many others.
Hat Tip to reader "Inspector" for this point on the car crash IPO of the year 2015 Lenigas Cuba (CUBA) and its latest (failed) attempt to ramp the share price. On 9th February, Jabba The Hutt published the following update on his company's investment in Petro Australis:
I have an idea which cannot lose. This is a stockmarket scheme which has to be a winner. First we set up a new company...
There could only be one winner of last week's Bulletin Board Moron of the week. I am not sure if it is the follower of Jabba who compares the fat Aussie share ramper to Gandhi or Jabba himself for thinking it is so profound that he retweeted it. Anyhow thanks to Britta for this gem of a tweet:
Yes one of the three is Brokerman Dan. Some of you may not feel the greatest of sympathy for him but when he and others ponied up a total of £4.2 million at 2p for what they were told was "seed financing" for Lenigas Cuba (CUBA) they were not told that at the same time David Lenigas and two pals were getting more than 50% of the equity in this POS at just 0.01p. That funding was the seed capital and Levi and others were fleeced.
Bears are the new regulators, in fact the only regulators. Jabba the Hutt wants shorting banned. Worse still he is telling his deluded followers that shares in Afriag (AFRI) and his other dogs fell because of shorting. That is untrue as I explain in this podcast. I also cover: the after effects of ouzo, Frontier Resources (FRI), FastForward (FFWD), TrakM8 (TRAK), PeerTV (PTV), Sirius Minerals (SXX), London Capital (LCG) - in detail - and Jiasen (JSI)
Yesterday's statement from Afriag (AFRI) stinks. The shares are plunging today and the destination is 0p. I have a series of questions for Jabba the Hutt about his baby but will David Lenigas answer? And where does that leave his other hounds still on AIM (pro tem) such as Inspirit (INSP) and Evocutis (EVO). If Afriag was telling the truth yesterday, surely their days on AIM are also numbered?
Okay I am celebrating the impending departure of Afriag (AFRI) from AIM so might get a bit carried away in this podcast, there is a bit of bad langauge. Other than dancing on the PLC grave of Jabba The Hutt as he tries to spin this disaster I look at: Green Dragon Gas (GDG) - PLACING AHOY - Servision (SEV), Jiasen (JSI), TrakM8 (TRAK), Fusionex (FXI), Independent Resources (IRG) and Plexus (POS).
"David Lenigas, Yusuf Kajee, Paul de Robillard, Spin Doctor David Bick, Nomad Cairn Financial we have beaten them all, we have beaten them all! Jabba The Hutt, can you hear me? Jabba The Hutt... your Afriag boys took a hell of a beating! Your boys took a hell of a beating!" Yes, Afriag PLC (AFRI) has just announced that it is leaving the AIM Casino and will now only be listed on the ISDX lobster pot and its shares are collapsing. It's ouzo O'Clock for the Sheriff of AIM once again as more bad guys are driven out of town.
Annual accounts and other statements indicate that John Gunn has a very significant holding in AIM Casino listed Inspirit Energy (INSP) which some private investors probably take comfort from. The ally of Jabba The Hutt always says that he is in it with ordinary investors. Well, up to a point. Let's rewind.
There is a campaign out there urging folks to block me on twitter. Jabba The Hutt started it. He said that anyone following me would no longer receive ramptastic and occassionally true tweets from the great David Lenigas as he would block them. But now a swathe of morons are urging folks to block me...
I warn you that this podcast contains bad language from the start as I discuss how - as a customer - I hate BT (BT.A) with a passion. I then move onto China Norfolk Taihua (TAIH), a brief Jabba the Hutt section on Solo Oil (SOLO) and LGO Energy (LGO) and a look at SeaEnergy (SEA). Oil disasters dominate the fallers and in that vein I cover Petroceltic (PCI), MX Oil (MXO), Iofina (IOF), Magnolia Petroleum (MAGP), Bahamas Petroleum (BPC) and Range Resources (RRL). I also have a butchers at the fun and games at Altona (ANR).
After today's twitter harassment from Yusuf Kajee of Afriag (AFRI) I was rather reminded of the Spitting Image classic below. But it's a lie. I had a good chat with Jan Nelson of Xtract (XTR) who is a nice South African and I offer a few thoughts on his company and explain why our podcast interview will be in a few days. The it is onto LGO Energy (TOAST) and Jabba The Hutt ramping, Stanley Gibbons (SGI), Premier Oil (PMO), Independent Oil & Gas (IOG) and the China frauds. I also mention the new vehicle of Andrew "piggy" Austin of IGAS Infamy which Nigel takes apart HERE. He is not a South African but should be.
Fat Aussie share ramper Jabba The Hutt is still new media obsessed and is apparently starting a series on his new blog on twitter, trolls and how the media are all such bad guys while Big Dave is left to carry the sword of truth and wield the shield of justice. His first article is a classic in self delusion and well, er...lies.
I published a book last year "49 Red Flags" - there are actually 50 listed and the book explians why each is important in avoiding piss-poor investments. As a little exercise the deputy Sheriff of AIM and I have applied the check list to Inspirit Energy PLC (INSP) and the results are appalling.
Throughout the Christmas period one of the two principals of AIM listed Afriag (AFRI) has trolled me on twitter, sending me almost 150 tweets accusing me of extortion, taking bribes, of being a coke addict, a drunk, having no qualifications other than serving pizza, of being mad - based on the fact that my mother killed herself- , etc. Yusuf also offered me a bribe to buy shares in Afriag. He has failed to answer critical questions about Afriag (AFRI) and today came up with the most lamentable excuse yet for not answering.
This company is on the precipice. It needs to raise £5-6 million in emergency equity to keep going and everything is going against it. The best case for LGO Energy (LGO) is mega dilution from whatever is a confetti issuing machine, but an equally plausible outcome is insolvency.
Sorry that material appeared late on this website today. I was out last night at a play on Christopher Street which some of you may well know well - that explains one part of the headline. Elsewhere I look at interims from Daniel Stewart (DAN) which is just a plain farce. Then onto Afriag (AFRI) and the attempted bribe and LGO Energy (LGO) the two Jabba The Hutt plays. Fraudster Rob Terry was a big fan of Daniel Stewart and also of Imaginatik (IMTK) which I discuss. Fitbug (FITB) is mentioned as - in more detail - is Scancell (SCLP) which seems to be pump priming for a placing.
I delay breakfast at Tom's Diner in Brooklyn for you dear listeners. I explain the sacrifice I am making. Then the theme is one of denial as I examine Zincox (ZOX), Sefton Resources (SER) & flip flop Ben Turney and finally 88 Energy (88E). I move onto how one reacts to fair questions and the scumbags at China New Energy (CNEL) and Afriag (AFRI). I look at Asian Citrus (ACH), InternetQ (INTQ) and Mosman (MSMN) - both zeros and eServGlobal (ESG) which is also heading for 0p. There is a final swipe at Rare Earth Minerals (REM) and Jabba The Hutt, Mr David Lenigas.
He learned from the master of twitter abuse David Lenigas. Do not answer mammoth questions raised over Christmas about tobacco smuggling & criminal enquiries underway (HERE) or why shares in Afriag MUST be suspended (HERE), instead Mr Yusuf Kajee has sent me more than one hundred abusive tweets making the most lurid of (unfounded) allegations. You can see some below.
There are number of reasons why Rare Earth Minerals (REM) is a slam dunk sell. So many that it is hard to know where to begin. But we might as well start with the macro scene and a very important article that appeared on this website a few minutes ago.
The biggest problem that LGO Energy (LGO) faces, other than still not fessing up fully to misleading investors (Leni-lying-gate) and hurtling towards administration unless it can secure a bailout placing and an oil price which is so low that it can't generate cash and having fields which suffer such sharp declines in output that they make no sense, is the association with toxic Aussie share ramper David Lenigas. It tried to distance itsself from Jabba The Hutt by changing its name from Leni Gas & Oil..but er...
On today's regular bearcast naturally I do comment on a few Jabba The Hutt stocks - notably Afriag (TOAST) as they are tanking but the main David Lenigas leaves the AIM Casino bearcast is HERE. Elsewhere I look at 88 Energy (88E), New World Resources (NWR), Rightster (RSTR), CH Bailey (BLEY), Iofina (IOF), ECR Minerals (ECR), Gable (GAH), Concha (CHA), Conroy Gold (CGNR), Petropavlovsk (POG) and Alba Minerals (ALBA)
Jabba The Hutt quit all five AIM Casino boards he sat on today. In this podcast I reveal the events of the weekend and discuss why he may have left. I warn him that the Nationals are on his case and so smearing me will be ever more pointless. And then I look at actions of the Bulletin Board morons who are still in denial. And finally at what this means for the Jabba stable. It is bad news. The best bet for near term zeros are Afriag (AFRI) and Evocutis (EVO) but Rare Earth Minerals (REM), Inspirit (INSP), Solo Oil (SOLO) and LGO Energy (LGO) are also all slam dunk sells as I explain.
This morning fat Aussie share ramper David Lenigas has, without warning, resigned from the boards of all five AIM Casino Companies on which he sat: Inspirit (INSP), Afriag (AFRI), Rare Earth Minerals (REM), Bacanora (BCN) and Evocutis (EVO). Why?
Without warning Jabba The Hutt has today resigned from the boards of all 5 AIM Casino stocks on which he sat. The reasons - try looking here. But as he departs we have a song for Big Dave
Jabba The Hutt has yet to announce his resignation from the board of Inspirit (INSP) but it must be imminent as he has quit four of his five remaining AIM directorships this morning. I guess in the boiler room they are not at full speed yet. Why the sudden departure from AIM? More on that later but here is a reminder of 12 questions I posed on 28 November for David Lenigas and of why you should have sold shares in EVERY company associated with him. Update: Big Dave quits Inspirit too.
Whilst checking the details about Evocutis PLC (EVO) I noticed that the 31 July 2014 year end accounts have been signed off on the 20 January 2014, some 6 months before the accounting year end. At this point we move from Leni-maths to, Back to the Future, starring Jabba The Hutt.
And now we turn to Danadav Investments, yet another short lived and mysterious company which actively traded shares with two David Lenigas concerns and then just expired. Who owned Danadav? Perhaps Jabba might explain what on earth went on here.
This is unusual. Not only is there a non-Tom story in the top ten, it is not written by one of the usual suspects. No, it's the Sirius Minerals presentation at Gold & Bears 2015. This means something. Although, your obd't correspondent has no idea what. Oh, I have just notice, It was Tom who wrote this up too. So as per normal no non TW stories appear in the top 30. Perhaps it wil be Happy New Year here is your p45 for some people. Maybe TW will start a sweepstake on that?
Jabba The Hutt is no longer on the board but he ramps shares in Octagonal (OCT) on twitter and his pal from Inspirit (INSP), John Gunn, runs the show. Piss poor interims were out yesterday but being Jabba related they contained a clear breach of AIM Rules - just what was it trying to hide?
I am still on the prescription pain killers as you may be able to guess. And I am still pondering what to get the Mrs for Christmas - any ideas please post away in the comments section. I end with a question for Jabba The Hutt and Afriag (AFRI): tell me David Lenigas what is happening on January 20 2016? In the podcast I cover Infrastrata (INFA), disappointing news from Armadale Capital (ACP), Inspirit (INSP), Octagonal (OCT) - two John Gunn /Lenigas creations - Asian Citrus (ACHL), eServGlobal (ESG), Impact Holdings (IHUK) and ask the question could WH Ireland (WHI) - full dossier on its sins HERE - run out of free cash soon? The answer after today is that the pensioner muggers could well do so. Karma.
Now let's turn to Evocutis (EVO), another Jabba The Hutt overpromoted piece of AIM detritus and the issue of transparency. Evocutis initially had 174,675,828 shares in issue. David Lenigas and the team descended and issued 175,000,000 new shares at 0.0012p raising £210,000 (shares admitted 8 Sept 2014), doubling the shares in issue.
I commented in a recent Bearcast that Director's options should be set at a price so as to reward success not failure, and to align Directors' interests with shareholders. Recently we have seen Debenhams reset Directors' option exercise prices downwards so that they can still be achieved despite failure and a crashing share price. But this trick goes way back, and no-one is better at this 'move-the-goalposts' approach to performance management than Jabba The Hutt, David Lenigas.
Oh dear it is not a very good day for Jabba The Hutt is it? The latest bad news is that a first winding up order has been submitted to Companies house for AIM listed Solo Oil (SOLO) - see below. But who is to blame?
Does anyone at AIM actually care whether David Lenigas tells the truth in any RNS statements any more? It appears that Nomad Cairn and AIM regulation do not give a FF. I shall now demonstrate to you a slam dunk and material untruth in an Afriag (AFRI) RNS.
Yesterday I cited three facts about Marsden Resources Ltd which I suggested that David Lenigas had to explain as a matter of urgency, if not to me then to AIM Regulation. So far there has not been a word from Jabba.
This podcast ends with an apology to Doc Holiday. I am happy to set the record straight on which shit Patrick Cheetham stock he tipped and which was a Malcolm Stacey blunder. We start with another request for ideas on what I should get the Mrs for Christmas and thanks Mike from Scotland but it is not going to be a boob job. Then it is onto the disgrace that is African Potash (AFPO), Bonmarche (BON), retail generally, nasty remarks about Americans, Work Group (WORK) and today's Jabba The Hutt comment concerns LGO Energy (LGO)
The birth of AfriAg (AFRI) saw the hand of Jabba The Hutt's old mucker Paul de Robillard present, almost right from the start. Lenigas and Mr de Robillard appear to have worked together on this AfriAG (SA/plc/UK/whatever) venture almost right from the beginning.
The supporters of the trainwreck IPO that is Lenigas Cuba (CUBA) argue that by clever acqusitions Jabba The Hutt will increase the NAV. Net assets currently stand at c 0.65p per share IF one assumes that £1 spent on acqusitions is worth £1. I would argue that it is not and shall demonstrate why below.
Heck if you are a shareholder in a Jabba The Hutt company they might even work for you. I am on new prescription pills and flying. In today's podcast I cover LGO Energy (LGO), tiouch on Afriag (AFRI) and then InternetQ (INTQ) more on that tomorrow, target price 0p. There is a detailed look at Audioboom (BOOM) and a look at Circle Oil (COP) and Tribal (TRB) which have a lot in common with 3 big name zeros I call out in the latest UK Investor Show magazine out today HERE . Finally a look at Tertiary Minerals (TYM) and Concha (CHA)
The real elephants in the room for AfriAg (AFRI) are the bombshell issues flagged on Sunday and another few matters that I shall be raising during the next couple of hours. But there is also the matter of whether its (cash light) balance sheet has been reported in a somewhat optimistic manner.
Well there is a shock. The LGO Energy (LGO) 2014 annual report was simply wrong in stating that David Lenigas had sold enough shares to go below 3% - naughty, naughty Neil Ritson, but I guess that is the least of your sins. For today Jabba The Hutt announced that he owned 154 million shares.
Jabba The Hutt may be on the board of Bacanora (BCN) but I was quite polite about the company in my Questions for David Lenigas session HERE. And here is Bacanora putting a decent investment case for itself. Enjoy
It seems that the repeated claims by Jabba The Hutt about my drug use (none for 25 years as it happens) are influencing one of his peasant followers into a flurry of racist slurs and wild accusations. Apparently I am now a drug producer as well as a drug user now. I leave you to marvel at rwauu from the ADVFN Afriag (AFRI) asylum but also let you know, underneath, what the City professionals think.
I start with back news, not good but at least I have a handy tip for dodging passport control. Then it is onto the son of the late Brian Schneider of OEM infamy. He wants you and I to pay far more tax from our legitimate earnings though he has lived a privileged life - and still does - thanks to the proceeds of crime. He is a leading Jeremy Corbyn organiser. Right on Comrades. I look at Petropavlovsk (POG) and the idea of buying shares for the bid. I move onto a new biotech IPO, Levrett. I explain why its a bargepole but also how the coverage of this in the Mail on Sunday (Simon Watkins) shows again the corrupt nexus between certain financial journalists and the PR world with an aim to dupe you, the investor. Then it is onto Jabba The Hutt's Afriag (AFRI) where I follow on from today's bombshell HERE and the follow up HERE by explaining the real problem it - and AIM - now faces.
Jabba The Hutt knew I was running a piece today on Afriag (AFRI) so braced the lemmings, the few peasants who still believe him, with a twitter smear callimg me a drunken twirp (sic) and predicting I would produce a whole new set of "unfounded lies". I have never penned one lie on Jabba, all my damning criticisms are valid and today's Afriag article is no different in that respect, it is a bombshell. Just in case the former Lonrho chairman wants something else to tweet about here is some more.
Fridays focus of ramping for David Lenigas was AIM listed AfriAg (AFRI) But what is this company and who is involved? I sense the ghost of LonRho, what follows makes this an uber-bargepole stock
Tomorrow I shall be examining the Afriag (AFRI) ramp of Friday in detail and Jabba The Hutt will not like that expose one iota. Ahead of that we have a picture of Mr Hutt preparing for a weekend shoot, an event in which a lot of dumb creatures will face wipeout. Anyone have a suitable caption for this picture of Jabba spending a rare monent away from his twitter account? All entries in the comments section below by midnight Sunday
Not only was it announced ia RNS but also via the official Jabba News Service that is twitter, Mr The Hutt yesterday bought 1 million shares in Lenigas Cuba (CUBA) which he proclaimed to be a sign of his faith in the company. This man talks crap.
I do not follow the twitter diarrhoea of Jabba The Hutt, partly because the fat Aussie share ramper blocked me and partly because his share ramping is just so tedious. But a kind reader alerts me to two tweets today which suggest that David Lenigas is quite simply cracking up.
Yes I have indeed done just that, or I think I have. The olive harvest saga continues and the snow has started on the mountains above the Greek Hovel, pictures later. In this podcast I look at Jabba The Hutt ramping Afriag (AFRI) and warn you what will happen next. Then a comment on LGO Energy (LGO) before heading onto PeerTV (PTV) and - in an unusual manner - I cover ValiRx (VAL). You see Satu I am a man of my word, Halosource (HALO) gets "the treatment" as does Gary Newman for buying into corporate bullshit speak. Then it is onto Photosntar Led (PSL), Fitbug (FITB) and finally InternetQ (INTQ).
I seem to be struggling to do business with my olives here in Kambos, Greece. I appear to have sold the oil - all bar 16 litres which I am taking back to the UK. But so far I have paid the press 16 Euro for the transaction which now sees it owning 200 litres of MY oil. Surely this is not right? Perhaps InternetQ (INTQ) runs the olive press? In this podcast I also cover LGO Energy (LGO) just to keep Wildes happy - Jabba the Hutt fave Rare Earth Minerals (REM) and European Metals (EMH), Concha (CHA), Tern (TERN), Imaginatik (IMTK), Peer TV (PTV) and the looming debacle at Chris Oil fave Mkango Resources.
In this presentation from Gold & Bears I posed 12 questions that Jabba the Hutt will not answer. I then ran through the Lenigas portfolio explaining why you should sell shares in each of: LGO Energy (LGO), Rare Earth Minerals (REM), UK Oil & Gas (UKOG), Inspirit (INSP), Lenigas Cuba (CUBA), Evocutis (EVO), Solo Oil (SOLO) and AfriAg (AFRI). Enjoy...
Yesterday I asked you to identify the odd one out in the four pictures below: The England Rugby team, David Lenigas, Market-makers Winterfloods and the City Nomads, brokers and PRs celebrating at their annual Christmas party and YOU ALL GOT IT WRONG but there were some good answers anyway HERE.
Despite Jabba The Hutt tweeting like mad about how cheap shares in LGO Energy (LGO) are, they have crashed again today and are now just 0.15p to sell. Ouch. Only 0.15p to go. In honour of this we have a new odd one out contest. Simply say which of the four pictures below is the odd one out and why.
You would have thought that Jabba The Hutt would be too busy looking after his portfolio of trainwreck companies to send out a lawyers letter. But oh no, Big Dave has been wasting someone's cash with a nasty missive from his bully boy briefs at Kerman & Co to the well regarded City firm SP Angel.
You were not spoofed by Neil Ritson and his puppetmaster Jabba The Hutt, aka fat Aussie share ramper David Lenigas, into thinking that today's news means that LGO Energy (LGO) is going to attract a bid were you? Oh dear. It is not going to happen. Let me explain.
Modesty is not normally a word one associates with Jabba The Hutt. Words like ramper, promoter, exaggerating, bullshit, overpaid, greedy are ones that spring to mind. And modesty is something that is not evident at all as Big Dave Lenigas turns his hand to blogging.
No Albanians, no work on the olive harvest yet. And now Vrechi, that is what I fear. I have yet to discuss my entanglements with Globo (GBO) and InternetQ (INTQ) with my neighbours but I am sure they will understand. I start the podcast on InternetQ and the weedy rally today. Then it is onto LGO Energy (LGO), another David Lenigas triumph. But what does Jabba The Hutt care? He sold his shares. En passant I mention UK Oil & Gas (UKOG), Motive TV (MTV) and Papua Minerals (PML) before taking a detailed look at Escher (ESCH).
I make this two confetti issues by floundering LGO Energy (LGO) in the three months since Jabba The Hutt, aka David Lenigas, dissed me on twitter for saying a placing was inevitable. The bad news is that there is a far larger share issue still needed. The good news, for the fat Aussie share ramper at least, is that he sold most of his LGO shares (if not all) last year without disclosing it as he should have done. So it is not his problem.
Jabba The Hutt likes to get shares at 0.01p in companies he is involved in. So what if other folks have to pay far more at the same time, David Lenigas sees it as a reward for enterprise. We have already seen scandals on this front at Lenigas Cuba (HERE) and AfriAg (HERE) but the Big Daddy is Rare Earth Minerals (REM) as I shall now explain.
David Lenigas, made great play some weeks ago of how he had spent £60,000 buying 15 million shares in AfriAg (AFRI) at 0.4p and 0.45p. With the shares now at 0.24p to sell it was not Jabba The Hutt's greatest trade but the question is why did he do it all?
Shares in Afriag (AFRI) continue to slide despite token share purchases by fat Aussie share ramper David Lenigas, aka Jabba The Hutt. They now trade at just 0.24p valuing the company at £3.3 million. It ain't worth it. The last placing, 13 months ago ( unlucky for some, like those who participated) was at 0.4p. In absolute terms that was a poor investment, relative to most Jabba stocks it is quite a good result.
Yes I am at the airport less than two miles from Jabba The Hutt's Gatwick Gusher. In this podcast I cover my first trip to Brighton, Uk Oil & Gas (UKOG), Evocutis (EVO), Sovereign Mines of Africa (SMA), Caza Oil & Gas (CAZA), Golden Saint Resources (GSR) and Fitbug (FITB)
And so today all the Horse shite stocks have served up news that appeared to have leaked onto every Bulletin Board and twitter ramping session days ago. Flow testing at the "Gatwick gusher" will start early next year. Since every BB Moron already knew this and since half the Horse Hill runners and riders have to do a placing to survive fairly soon, shares in this stable of dogs have not soared as promoters such as David "Jabba The Hutt" Lenigas wuld have hoped.
And so what is the news? The companies involved have been:
The annual ritual is complete. The Mrs and I have photographed my morbidly obese three legged cat Oakley in his Christmas hat and even Tara played her part posing in the hat and in a stocking. And thus our rather un-Christian cards are now in production. Awway from that I have a long look at Slater & Gordon (SGH) where the management has just allowed the bears a chance to sell even more shares. Jabba The Hutt stocks Solo (SOLO) and LGO Energy (LGO) get a mention as does Aureus Mining (AUE) with its hugely discounted placing. Alba (ALBA) is clearly lining up its next confetti issue and I comment on that as well as Blur (BLUR), Outsourcery (OUT), Wandisco (WAND), Plant Health Care (PHC), Gulf Keystone (GKP) and NAHL (NAH), Finally I commend the CEO of ValiRx (VAL) who attended Gold & Bears on Saturday and was incredibly poilite. Memo to TW. I will be less beastly to her in 2016.
Once again sincere apologies to Jabba The Hutt groupies for failing to pick up David Lenigas on anything in yesterday's podcast. Before you all get cold turkey, I have a few observations about Octagonal (OCT) nonsense today.I start with a look at React Energy (REAC) a trainwreck involved in green energy shite. I suggest that anyone who believes in this hocus pocus nonsense should read "The Real Global Warming Disaster" by uncle Chris. Then it is onto Anglesey Mining (ATM), Golden Saint Resources (GSR), Slater & Gordon (TOAST) and Northern Petroleum (NOP). See you all tomorrow at Gold & Bears in London.
Another hat tip to reader Rudyard. Jabba The Hutt, aka, David Lenigas is a share promoter, and a good one – so far at least - , but the result is that shareholders in things like Rare Earth Minerals (REM) can end up over-paying. There is no doubt that the Sonora lithium deposit is very large, and in the fullness of time could generate substantial value. But that misses the point, which is that Rare is an investment company and one should therefore look at the share price in terms of the current market value of the individual components. This is important when you can get access to the same assets via investing directly, in other listed companies.
I am attracted to stunning women. My wife and, obviously, Cheryl Cole. Evil Knievil is attracted to fine wines. In fact to any wines. And it seems as if pouting ex Sefton Resources FD Raylene Whitford is attracted to overvalued cash strapped POS AIM listed oil Companies.
Call it a dead cat bounce. Shares in LGO Energy (LGO) have bounced to 0.5p on news that the bank is not pulling the plug so it is not bust. Yet. Jabba the Hutt, aka David Lenigas, still refuses to saw when he sold most of his shares but it was a good call by Big Dave to get out when he did because the outlook is still grim.
Oh no Paul Scott is giving me health advice again. If he promises never ever to waterboard me again with online retail gross margins I might just quit smoking. Away from that I look at car crash Slater & Gordon (SGH) following up from the earlier detailed piece HERE. In a similar vein I look at NAHL (NAH). Then it is onto EKF Diagnostics (EKF), Moneyswap (SWAP), Oilex (OEX), Forte Energy (FTE), Alliance Pharma (APH), Iofina (IOF) and the Fitbug (FITB) dog. There is no mention of Jabba The Hutt today, David Lenigas must wait for Gold & Bears on Saturday for his next drubbing. And boy will it be a drubbing.
Yesterday I flagged up the mysterious case of Leni Gas & Oil Ltd owned by Mr. David Lenigas (pictured left) Now I turn to the strange affair of the two Lenigas Cuba companies. Curiouser and curiouser said Alice. Jabba the Hut – who had eaten the Cheshire cat – just smiled and belched.
In six days’ time at Gold & Bears I shall be posing 12 questions for fat Aussie share ramper Jabba the Hutt and explaining why every stock associated with the man is a slam dunk sell. But as I sit here on Flatbush Avenue Brooklyn here is a teaser for Big Dave. What do our readers think Leni Gas & Oil is?
In today's podcast I deal with reader complaints that we have not given enough coverage to the various business interests of fat Aussie share ramper Jabba The Hutt. And so I cover Lenigas Cuba (CUBA), Big Jabba's preposterous claims about liquidity on ISDX and Solo Oil (SOLO) - placing ahoy! I also look at Mosman Oil & Gas (MSMN) - more shite from poltroons from the land where most folk are descended from convicts - Flying Brands (FBDU), 88 Energy (88), Kea Petroleum (TOAST), JQW (FRAUD), Northern Petroleum (NOP), Optibiotix (OPTI) and African Potash (AFPO). I also deal with some wanker on twitter who thinks I am a sexist and wants to have a fight with me and ask more questions about market abuser Chris Oil AIM IPO car crash waiting to happen, Mkango Resources
In this podcast I once again tantalise Lord David Bick - PR bully boy to Del Boy Lenigas - a new discussion is at the end. I start with Rare Earth Minerals (REM) - following up from here - then move onto Leed Resources (LDP), New World (NEW), Poundland (PLND), Optibiotix (OPTI), Bovis Homes (BVS), Johsnton Press (JPR) and fianlly to Solo Oil (SOLO), a company associated with Jabba the Hutt.
With a hat tip to reader Rudyard, I now lay out the bear case for Rare Earth Minerals (REM), another David “Green Hair Services” Lenigas AIM Casino counter that is monumentally overvalued. The fat aussie share ramper Jabba The Hutt insists he has no need to issue shares. The maths suggests he has to. The shares should fall by 75%.