Yesterday a new name joined the Standard List of the London Stock Exchange: that of BSF Enterprise (BSFA). It is yet another cash-shell to join the sub-standard list – as if we really needed any more – but a name sprang out at me and that name rang a bell.
Yesterday Frontera Resources (FRR) received a second lawyers letter from convertible loan note provider Yorkville in regard to the $2.65 million outstanding debt on which it is now in default. The letter accused Frontera of lying to investors. Frontera has not disclosed that letter, or its contents nor has it repaid the sums due to Yorkville Instead it has issued another RNS which is simply misleading. It is doubling down on lying and apparently Nomad cairn is fine with that?
I started the PLC death list in June 2015 with 21 members. The aim is to pick stocks that will either go bust or get slung off the AIM Casino. Each departure requires a nreplacement. With nine new entrants today 40 names have joined this select group. So far there have been two outright failures on my part, Mariana Resources (MARL) and Jersey Oil & Gas (JOG). There was one volte face but I was ahead at volte face point and it was a great call both short and long - Wandisco (WAND), two near kills, InternetQ (INTQ) and Monitise (MONI) and thirteen slam dunk kills: Cloudtag (CTAG), Worthington (WRN), African Potash (AFPO), Jiasen (JSI), Camkids (CAMK), China Chaintek (CTAK), JQW (JQW), Afren (AFR), Daniel Stewart (DAN), Sefton (SER), Outsourcey (OUT - boy I enjoyed that one - Afriag (AFRI) and Auhua. So 13 out of 31 = 40%+ - not bad eh? Arguably that is 15 out of 31 - almost 50%! That leaves:
In February 2017, AIM lost six companies and gained six companies including 1 readmission leaving membership static at 973 companies. To see a month go by without a net loss of companies on "The world's most successful growth market" will be seen as a triumph and the champagne corks will be popping in Paternoster Square.
Since our 24th September previous update, another ShareProphets China AIM 'Filthy Forty' company has followed Geong International and co in 'Geong, Geong' and then Gone - and another has been suspended...
And so ShareProphets AIM-China Filthy Forty play Jiasen’s (JSI) AIM listing is no more. It has become the 24th delisting from our original forty, after its shareholders voted (having been told it would make a fat-track application to NEX) to leave the Casino on the recommendation of the board. The NEX application didn’t happen, with the company claiming that it was now considering listing in Hong Kong. I’ll believe that when I see it.
ShareProphets AIM-China Filthy Forty carcass number 24 was taken away from Paternoster (death) Row last night in the form of Jiasen International (JSI). But yesterday the race to become number 25 hotted up as Asian Citrus Holdings (ACHL) gave an update on the lack of progress made in resolving allegations of fraud which its auditor wants to look in to before signing off overdue accounts. With four weeks to go before a one-way trip to the lethal injection room is triggered by reaching the maximum six month suspension period, progress in resolving matters seems to have been non-existent.
Shares in ShareProphets AIM-Chnia Filthy Forty play Jiasen (JSI) have now slipped to just 0.25p on the bid. Our advice is still to get out while you still can, but time is running out.
5.34pm on a Friday – truly no-one-is-watching o’clock – and up pops an RNS from NEX- (the lobster-pot formerly known as ISDX) listed MiLoc Group Limited (ML.P) detailing the dealings of a NED in the company’s shares: he pledged a bunch of shares in return for a loan back in September and has now released the stock to the lender. Sound familiar? Are we thinking Equities First? So where is the RNS from September? And then there are the other companies on that NED’s CV – which include AIM-China Filthy Forty plays Jiasen (JSI), delisting on Tuesday, and already delisted (no accounts) LED Holdings (LED) as well as PAQ International (PAQ) which quietly disappeared from the Casino back in 2010.
It is a busy day at the Sheriff’s office with CloudTag (CTAG) and Servision (SEV) dominating, but it would be remiss of us to allow the burial of bad news for shareholders in ShareProphets AIM-China Filthy Forty play Jiasen (JSI) to go unnoticed. With delisting scheduled on Tuesday (and thus Monday is the last chance to get out) the bid price has now dropped to just 1p last seen. One penny!
The 24th delisting from the ShareProphets AIM-China Filthy Forty is almost upon us, for shareholders in Fujian Province-based Jiasen (JSI) voted through proposals to depart the Casino at a General Meeting on the 15th of this month, with the company’s exit scheduled for next Tuesday. Anyone still holding has less than four trading sessions left to get out.
16 hours travel after getting up at 4 AM GMT on Monday and falling into bed at 3 AM Tuesday leaves me a tired man. And Joshua and Oakley both chirped up to make it worse still. So apologies to all bar one of those who I have snapped at today. Before I go to bed I look in detail at Grafenia (GRA) and compare it to TrakM8 (TRAK) and also comment on North River Resources (NRRP) and Jiasen (JSI).
ShareProphets has Red Flagged quite a few companies on AIM, but as we all know there is no problem of fraud on the world’s most successful growth market. This is why we created a diversified portfolio of Casino stocks for AIM head honcho and Sham Sheriff, Mr Marcus Stuttard, to invest his own cash and thereby demonstrate his complete faith in his team of oxymorons at AIM Regulation. With the portfolio heading towards the end of its fifth month, here is the latest update – and it is not a pretty sight.
That’s it then, ShareProphets AIM-China Filthy Forty play Jiasen (JSI) is to leave the Casino, with the last day of dealings on the 27th of this month. If you still hold, you know the deadline for claiming your bag of Tesco value crisps. But the statement is a hoot. A listing on the Hong Kong exchange? You’re ‘avin’ a bubble.
The ouzo refers to the latest crushing blow for snakeoil salesman Darren Winters. This man has claimed to have fleeced, sorry trained, 500,000 Britons yet still the deadwood press fail to report on our takedown of the charlatan. Pathetic. The bathtime refers to the CEO of Tracsis (TRCS) who claims to listen to bearcast in his bath. I comment on today's trading update. Then it is onto China fraud Jiasen (JSI) and its latest bollocks news signed off by low life Nomad Cairn Financial. And then after an en passant look at Polemos (PLMO) I take a very detailed look at Blenheim Natural Resources (BNR) which is overvalued hype with a bushel of red flags thrown in for good measure. I advise my pal Big Dave Lenigas to take profits and sell and others to do likewise.
Yes I did. It was on the way back from the mountain village of Kambos to Kalamata. Some podcasters might have salivated and regarded this as an opportunity. But I am not Justin the Clown, still smarting from rugby defeat for his beloved Wales at the weekend. But I thought it was my duty to help anyway. I digress from the main features of this podcast: Kefi (KEFI), Mila Resources (MILA) and the China fraud Jiasen (JSI). I also look at a share price of a stock where I am an insider - oh no not insider dealing on the AIM casino I hear you say. And then I update on the Dirty Dozen AIM Resource portfolio which I shall launch later today.
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?
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….
I take a detailed look at fad investing covering the big California drone fraud but also Fitbit which had a shocking profits warning today, Fitbug (FITB) and Cloudtag (CTAG). I look at two China frauds on AIM in big doo doo, Jiasen (JSI), which is definitely a kill for the Sheriff of AIM, and Taihua (TAIH) which will be. Then I look at Torotrak (TRK), Guscio (GUSC), Greatland Gold (GGP), Andalas (ADL), Golden Saint (GSR), Amur Minerals (AMC) and finally LGO Energy (LGO)
Did it jump or was it pushed? ShareProphets AIM-China Filthy Forty posterboy Jiasen (JSI), one of the Fujian four, has announced this morning that it is proposing to delist from AIM and move instead to NEX (the lobster-pot formerly known as ISDX) - just when we thought that the race to AIM departure #24 from the Filthy Forty was down to a two-horse race between Asian Citrus (ACHL)and MoneySwap (SWAP). Jiasen also announced the departure of a NED with effect from the end of February.
Marcus Stuttard, the head honcho of the AIM Casino would have us believe that the market is tightly regulated by his team of oxymorons at AIM Regulation. In order to demonstrate his faith in his own system we thought it a good idea to pick him a portfolio of seven stocks which we have Red Flagged so that he could put his own money into them and show us all that there is no problem of fraud on the world’s most successful growth market. Here is the January update for Stuttard’s Septic Seven.
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?
As the year draws to a close it is only natural that we look back on the past twelve months. And it has been twelve months of achievement. It is a great achievement in that our writers have continued to write exactly what they want without any editorial interference. So Cynical Bear & Gary Newman have knocked shares I own. So what? We really do support free speech. And it has been a year when we have "dealt with" more frauds and lies on the AIM casino and the main market than ever before. That really is the USP of ShareProphets.
Nomad Cairn has not resigned as adviser to Cloudtag (CTAG) even though it has lied to investors on a serial basis and committed Securities fraud. Cairn's reputation is thus in tatters. It thus begs the question of how any of its other clients are frauds, how many are simply not investment grade material and how many of the few good clients will want to be associated with the disgraced Nomad for much longer as it will not help their share prices to be linked to this rotten, stinking adviser. The clients are listed below by AIM or ISDX category.
On 13 June I started my 21 stock Death list portfolio - 21 shares heading for zero or being booted off the market - see HERE. Until now 27 stocks have entered the portfollio and I am claiming ten kills - not bad eh? Today I go over the four kills since the last update and add four new entrants to the portfolio. Do the Cloudtag morons really want to bet against me with my current kill rate? I review all 21 now current members. The stocks mentioned are: Worthington, JQW, Jiasen, Camkids, China Chaintek, Jersey Oil & Gas, Mosman Oil & Gas, Monitise, Outsourcery, Magnolia Petroleum, Arian Silver, Sareum, Avanti Communications, Daniel Stewart, Mariana Resources, Sefton Resources, Golden Saint Resources, Sovereign Mines of Africa, Afren, Wandisco, Tungsten, Blur, Auhua, Afriag, InternetQ, Servision, Igas, Cloudtag, African Potash & Slater & Gordon.
If Marcus Stuttard, the Sham Sheriff of AIM, really believes that the Casino is properly regulated, we think he should put some of his own money where his complacent mouth is by investing in a portfolio of companies which would demonstrate his confidence in his team of Oxymorons at AIM Regulation. We are such nice guys here at ShareProphets that we have helpfully compiled a beautifully diversified portfolio for him. We, ahem, AIM to please.
In this bearcast I refer to my article on the Trump & Clinton debate overnight and what it means HERE and the latest shocking expose of Quindell fraudster Rob Terry HERE. I warn about bad things happening in Euro land and the worst of tem all is Deutsche Bank. There is a Radio 4 programme tonight on AIM fraud at 8 PM. I am not involved but some fine upstanding members of the community are. that is irony in case the loser Roger Lawson thinks I have forgiven him and ShareSoc for defending the blinkx law breakers by smearing me and Ben Edelman.Elsewhere I look at the role of certain NEDS who are Tim not so nice but fucking dim. I cover the Cloudtag (CTAG) scam, Northern Petroleum (NOP) - placing ahoy _ and Imaginatik (IMTK) as well as China fraud Jiasen (JSI)
Last year’s Sept reporting season saw a raft of casualties as members of the ShareProphets AIM-China Filthy Forty either failed to release numbers on time and/or saw the Nomad quit. With less than one week to go until deadline day for interims to June 2016 (or finals to March 2016) there are ten of the remaining 17 members of our iffy index still to report (or announce that they won’t). Which will be the next to get suspended?
On today's bearcast I look at Jiasen (JSI) but have to speak quietly since Oakley may get the wrong idea when I discuss a dead cat bounce. I also cover Xtract Resources (XTR), Obtala (OBT), Corero (CNS), Toople (TOOP), GCM Resources (GCM) and in some detail LGO Energy (LGO)
A few words on logistics then after today's debacle at Highlands Natural Resources (HNR) I explain why the shares are worth just 3p (or less). Then it is onto PCG Entertainment (PGCE), Jiasen (JSI), Belfort Securities and its morality vacuum, Tungsten (TUNG), Onzima (ONZ), IGAS (IGAS) and Solo (SOLO). Finally, more than a few words about Advanced Oncotherapy (AVO)
Having traded as high as 6.25p just six weeks ago, shares in ShareProphets AIM-China Filthy Forty Jiasen International (JSI) have collapsed down to just 3p after it scraped over the line to release its calendar FY15 numbers on deadline day yesterday. The numbers are, of course, wonderful…which is why the company which is drowning in Red Flags (oops) cash has cancelled the full year dividend.
Are you listening Jon Bellis at Belfort Securities? You know your form is acting for fraudsters and shite companies yet you are happy for Belfort to keep banking the retainers. This is morally wrong. How do you sleep at night? In this podcast I discuss four stocks that are each worth 0p: Jiasen (FRAUD) - broker Belfort Securities, Servision (SEV) - where are your crooked accounts? Broker Belfort Securities, China New Energy (CNEL) a fraud, broker the disgraced Daniel Stewart and PCG Entertainment (PCGE) another China Norfolk, broker Belfort Securities.
Do you get emails from Nigerian Generals promising you millions of quid and respond by sending over your bank details? Are you that stupid? If so we have an AIM stock for you where the dividend is 70%. Wow. And it gets better still.
China fraud Jiasen (JSI) may well be enjoying its last few days on the AIM Casino as we have news today of a shock delay to its results. Do you want to bet if they will appear at all?
I start with more news on frigana cutting. I am a sweaty wreck after a day of mega slashing as I "take it out" on various folks in the City. Then I cover Asian Citrus (ACHL), Jiasen (JSI) and Taihua (TAIH) before I move onto Johnny Hon and R4E (R4E) then the scams and scum at Golden Saint Resources (GSR) - why won't PR fecking genius Steffi tell us about her shares? Then it is onto doomed Outsourcery (OUT) and then, as we expect more news tonight on Uramin, I ask a few questions about Port Erin (PEBI) another vehicle of my friend Jim Mellon. Oh and there is bad news for a company trying hard to bring jobs and wealth to the grim Northern welfare safaris, DX Group (DX). Moral of the story, let them rot, stick to doing business in the hard working South.
Marcus Stuttard, the Sham Sheriff and head of AIM told The Times a week ago that he thought he had got the regulatory framework of AIM absolutely right and that people wouldn’t invest if they felt there was any kind of problem with the regulation... So I thought it was time to take another look at Jiasen (JSI) of the ShareProphets AIM-China Filthy Forty. After all, the derisory rating suggests the market is less than happy with this stock and its results for FY14 were released in mid-April last year: we are now well into May 2016 and thus far there is no sign of FY15 numbers. I wonder why….
Today's Bearcast contains bad language. Brokerman Dan Levi is not the only four letter word used. In it I cover Avocet Mining (AVM) and Waz Shakoor, Rose Petroloeum (ROSE), Outsourcery (OUT), Golden Saint Resources (GSR), Wishbone Gold (WSBN) and bullshitting by Brokerman Dan, New World Resources (BWR), African Potash (AFPO), the china fraud Jiasen (JSI), Blenheim (BNR) and Andalas (ADL) and bullshitting by Flip Flop Ben Turney, Big Gib and other rampers. As ever they are talking cock.
For the November issue of the UK Investor magazine (latest issue HERE) I was asked to name seven stocks which could get suspended and where shareholders could lose everything. I thought I’d take a look back over the seven: Jiasen (JSI), JQW (JQW), Auhua (ACE), MoneySwap (SWAP), Rurelec (RUR), Golden Saint (GSR) - all on AIM - and main market listed Kenmare (KMR).
I name a few folks who fell for Nigel's April Fool today. How could you think so badly of me? Then it is onto: Ascent Resources (AST), Nighthawk (HAWK), Digital Barriers (DGB), Jiasen (JSI), Stratmin Global (STGR), Gulf Keystone (GKP), AFC Energy (AFC), Vast Resources (VAST) and Nakama Group (NAK). I am rude about folks with MBA's today so if you have one brace yourself.
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
Our sincere apologies for missing the fact that ShareProphets AIM-China Filthy Forty play Jiasen (JSI) slipped out a board change RNS at lunchtime on Friday last week. I guess we were all in the Punter's Return at the time. It seems that Mr Curt Riley has resigned as a NED as from the end of May.
All sorts of crap shares are going up today and some that are not crap but are just insanely overvalued. In a podcast riddled with bad langauge I discuss 88 Energy (88E), Fast Forward (FFWD), Phorm (PHRM), Hornby (HRN) and Glenwick (GWIK) among the risers and among the fallers I look at Auhua Clean (ACE), All Leisure (ALLG), Iofina (IOF), ETherapeutix (ETX), the frauds Jiasen (JSI) and Aquatic Foods (AFG) and finally I ask all the advisors (nomad, broker PR flunkies) to Magnolia (MAGP) just show shabby and dirty they feel today. If I was them I would feel sordid and ashamed. They are all beneath contempt.
The 21 stock Death List Portfolio is now seven months old and now has its sixth kill, Daniel Stewart (DAN). We replace each kill with a new candidate for death so until today 26 entrants had seen five recorded demises. But Daniel Cesspit is the sixth (from 26) and so we need a new target for death, that is to say for seeing its shares booted off the AIM casino or going to 0p.
That Jiasen (JSI) is a total fraud is now beyond all reasonable doubt. I actually have more information on this company which the Nomad (Cairn) and AIM Regulation are sitting on but will they bother to do anything? So how has money been transferred from British investors to the fraudsters back in China?
Ok this is an easy question. In the RNSs released by ShareProphets AIM-China Filthy Forty member, Jiasen (JSI) the 'Notes to Editors' has helpfully told us the number of workers employed at its factory in Nan'an City, Fujian Provice (AIM-China Fraud central), China. For what it is worth I do not believe a word it says on this matter for reasons explained HERE but maybe Jiasen can guide us all?
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)
I note that in the wake of our recent coverage (HERE), shares in AIM-China Filthy Forty play Jiasen (JSI) have cratered another 23% today (last seen) to 2.875p. There has been no news (so far) today, but one senses a bit of a rush for the exit going on.
We shall, for a moment, suspend our disbelief over the stated cash position of ShareProphets AIM-China Filthy Forty member Jiasen (JSI). Let us, for a moment, simply take the company at its word. Deeper analysis of yesterdays trading statement numbers shows a horror story unfolding, and casts a strange light on previous statements from the company. I suggest that what follows shows that Jiasen is toast, and uninvestable.
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).
An RNS is meant to inform. Of course, if you are delivering bad news you might not be so keen to inform the market quite as fully as you could and that brings us to a profit warning from ShareProphets AIM-China Filthy Forty member Jiasen (JSI). Tom Winnifrith commented after its Interims to June 2015 that it was either a fraud or he was a banana. And so today Jiasen produced a very uninformative trading statement which looks for all the world to be designed to mislead.
Cripes there is so much entertainment provided by the clowns who run shite companies on the AIM casino. Where do I start? This podcast covers Mosman Oil & Gas (MSMN), Rapidcloud (RCI), Arian Silver (AGQ), Concha (CHA), Rosslyn Data (RDT), LGO Energy (LGO), Fastjet (FJET), Afriag (TOAST), UK Oil & Gas (JOKE), Jiasen (FRAUD), Nostra Terra Oil & Gas (NTOG) and Independent Resources (IRG).
On 13 June I started my 21 stock Death list portfolio - 21 shares heading for zero or being booted off the market - see HERE. On 23 August I got my first kill and so Afren (AFR) was replaced by Daniel Stewart (DAN) HERE. I have now had four more kills and nearly all those that have survived have seen their shares tank. Now I update with 4 new entrants given that I have had four more kills and I review the original entrants that cling on. The stocks mentioned are: Worthington, JQW, Jiasen, Camkids, China Chaintek, Trap Oil, Mosman Oil & Gas, Monitise, Outsourcery, Magnolia Petroleum, Arian Silver, Sareum, Avanti Communications, Daniel Stewart, Mariana Resources, Sefton Resources, Golden Saint Resources, Sovereign Mines of Africa, Afren, Wandisco, Tungsten, Blur, Auhua, Afriag and InternetQ
Our coverage of the AIM Casino fraud Naibu (NBU) was detailed and we called it out as a fraud openly more than six months before its shares were suspended. Staff at Daniel Stewart (DAN) knew it was a fraud and did nothing. The NEDS were in denial when I ambushed them at the AGM - HERE. The NEDS and Daniel Stewart staff were a bunch of upper class twits who patronised me and failed investors. But now it is mea culpa time. The hooray Henry's who took the Naibu shilling as NEDS have today published a full update on what is going on. It is horriffic reading.
Well, well, well. Blow me down with a feather - the shares saw a 25% drop yesterday on the biggest volume for six months and lo and behold, today the Nomad has resigned. Obviously nobody bailed it yesterday knew that this was coming. Obviously. ShareProphets AIM-China Filthy Forty company JQW (JQW) is now on Death Row, pending a one-way journey to becoming the eighteenth of the forty to depart AIM. It is also the twelfth Nomad resignation this calenday year on the Filthy Forty.
Over at Paternoster Square, above the headquarters of the London Stock Exchange the black flag was again raised this morning as Geong (GNG) took its final walk to the AIM casino execution chamber and was despatched. I’ve been wanting to say this for three years: “Geong, Geong…Gone!” This is the 15th AIM casino ShareProphets China Filthy Forty stock to meet its maker since the Index was started on June 1 2014. Who’s next?
In part 6 of this series, Graham Chester takes a look at the share-price performance of the remaining AIM-China companies which have listed in the last five years, and who has been doing the financial due diligence. And remember, these are just the ones which are still listed. Does any of the four Reporting Accountancy ‘teams’ come out of this well, and who is cornering the market now?
AIM has this morning announced the quiet execution of the fourteenth member of the ShareProphets AIM-China Filthy Forty, Camkids (CAMK). Still on Death Row we have Geong (GNG) which tomorrow will have been without a Nomad for a month so we expect another execution at 7am on Monday. Also scheduled for lethal injection shortly is China Rereun (CHRR) which lost its Nomad 24 days ago, and Vmoto (VMT) is going for a "best interests" delisting. This reads terribly badly for the LSE - and not a single one of the Nomad resignations has been explained.
In Part 3 of this series about Reporting Accountants and Auditors of companies coming to AIM and ISDX from China Graham Chester looks at the record of Team Lau and its current firm of Moore Stephens. As with Team Stevens in Part 2, watch the scores-on-the-doors here as the losses pile up.
Circumstances change, share prices change and so ones evaluation of what is in sight as a good short always changes. Challenged by a reader I serve up my ten top shorts/sells for Christmas, with one caveat.
Hot on the heels of the announcement that Vmoto is to delist from AIM, ARC Capital (ARCH) has announced that it has failed to find a replacement Nomad and will be booted off the Casino as of 7am this morning. Execution number 13 (and Vmoto is number 14). There are still another three on death row following Nomad resignations to make a total of 17. Are you watching this Marcus Stuttard, the Sham Sheriff?
In today's podcast I reveal how Paul Scott thinks we can all attain the body beautiful. I then move on to discuss Iofina (IOF), madness, sheer madness on buy to let, Grafenia (GRA), Botswana Diamonds (BOD), Boxhill Tech (BOX), JQW (JQW), Jiasen (JSI) and the crony capitalist beanfeast tomorrow YOU are paying for at the AIM awards dinner. I am angry about that and also discuss, in anger, SeaEnergy (SEA) and Eclectic Bars (BAR)
The spread betters could be having a field day. Four more of the ShareProphets AIM-China Filthy Forty now on Death Row following Nomad resignations in just four weeks. Three in the past week: if this continues the whole lot will have gone by Christmas. But back to the question – which will be next? For some clues, we just have to look at what happened yesterday. Anyone still holding Jiasen (JSI) or JQW (JQW) is, in my view, certifiable.
Oh dear. It could not get its accounts out on tme - given that they were total fiction that would have been hard - and at 4.05 PM today, shares in Geong (GNG) were suspended as Nomad and broker Finncap quit with immediate effect. I've wanted to use the phrase Geong, geong gone! in a headline for years and now I can. If no Nomad signs up for reputational hara-kiri within a month Geong will be booted off AIM. Pro tem it goes onto the casino death row. Boy the cells there are getting crowded.
Camkids (CAMK) was a fraud but the shares carried on trading as morons and followers of Sith Lord Zak Mir (see HERE) reckoned they could game the market with short term trades. Then today the Nomad quit and the shares were suspended at once and they won't be coming back. All the short term traders can now sing along with Nigel, Ben, young Steve and myself to the ShareProphets AIM Casino theme song "All the Money's Gone" by Babylon Zoo. So who is next?
I am in a very good mood today whick means that this podcast is dripping with venom. On the agenda/ hit list: CEB Resources (CEB), EServGlobal (ESV), Rose Petroleum (ROSE), Jiasen (JSI), Geong (GNG) and Tern (TERN). Now I must go and prepare for my great debate tonight with the Evil Bankster.
It would appear to be an interesting exercise to see whether from a charting perspective the AIM Casino China Filthy Forty are indeed as filthy as they appear. So let's start with one which looks to be heading towards death row.
In this podcast I have hot gossip concerning ex IGAS (IGAS) boss Andrew "Piggy" Austin - I know that Wildes will be shouting karma! I also look at Ultima Networks (UTN), Jiasen (JSI) and Bagir (BAGR) and have a snippet of information on Sefton (SER) regarding Jimmyliar Ellerton and foxy Carol
The ShareProphets AIM-China Filthy Forty is having an amazing week. We’ve had all manner of nonsense, from AIM failing to boot off Global Market Group (GMC) after being without a Nomad for a month until three days late, Geong (GNG) shares collapsing after a (derisory) take-over fell apart, a fantasy world presented by Vmoto (VMT) as it sold off a division on a PE of about 1 to the same people it bought it from and joke interims from JQW (cash pile mounting but dividend binned) and this morning Jiasen (cash pile mounting, dividend chopped by two thirds). And we have also had interims from Haike Chemical (HAIK).
I never cease to wonder at the stupidity of some of the Bulletin Board Morons. Today’s interims from AIM Casino China fraud Jiasen (JSI) are dreadful – an abandonment of dividend policy despite the company claiming to be drowning in cash, a warning of how it will explain away that imaginary cash. Shares in this company have slumped in less than two years from an IPO price of 82p to 7.25p (up 1.25p today). Yet the morons celebrate.
It is London Buses time once again here on ShareProphets.com. A quiet few days on the AIM-China Filthy Forty and then all of a sudden three dreadful RNSs all come at once. Nine Filthy Forty members have already departed stage left. Three more are on death row following Nomad resignations – China Chaintek (CTEK), ARC Capital (ARC) and Global Market Group (GMC) which receives its last rites today. And now today two further China plays announced dire news, JQW (JQW) and Vmoto (VMT) as well as a potential bidder walking out on Geong (GNG) in the wake of a few issues with revenue recognition. No doubt the auditors there (UHY Hacker Young) will be shown to have acted with all due care.
So much to discuss today on the podcast. On this wet day in Bristol my life is brightened by a stream of disastrous RNS announcements. In no particular order I discuss Geong (GNG), Vmoto (VMT), Jiasen (JSI), JQW (JQW), RSA (RSA), Boohoo (BOO) - why the UK's top share blogger Paul Scott is wrong - LGO Energy (LGO), oil prices, Antrim Energy (AEY), Belgravium (BVM), Arian Silver (AGQ), Audioboom (BOOM), Proxama Resources (PROX) and in a bit of detail Seeing Machines (SEE).
This is the first podcast using the Audioboom (BOOM) platform - if it sounds rubbish/does not arrive blame the IT klutz me not Rob Proctor. In today's offering I look at Haike Chemical (HAIK), Jiasen (JSI), Camkids (CAMK), ValirX (VAL) and a few other matters en passant.
Last month we launched the ShareProphets Filthy Forty – companies with their main operations in China, registered overseas (apart from a handful in Hong Kong) and listed on AIM on June 1 2014. We noted that the overall performance was astounding: average loss from IPO was 43%, and nine had already been booted off the exchange. An attrition rate of 22.5%. The reasons varied between Nomad resignations (5), being booted off for failing to publish accounts (2) and voluntary delistings (2).
On this two anniversary day I chat to another restaurant owner and reflect on why I want to get out of business. Then I look at today;s stockmarket crash-ette ad specfically at Arian Silver wth its dickhead PR and car-crash balance sheet, Jiasen and APR Energy. Tomorrow I start to make my way up to London to film a documentary with the BBC. Okay that is sleeping with the enemy but the end justifies the means.
Featuring shares in Ferrex (FRX), Jiasen (JSI), Imaginatik (IMTK), LGO Energy (LGO), Tern (TERN), together with some share price targets.
71 days ago it was world gin day and to celebrate I came up with 21 Companies that I thought would be brown bread by December 31st 2016, either delisted or bust or both - the Death List HERE. So far Afren has lived up to expectations and so I replace it with a new death list entrant in today's podcast. It should be listened to in conjunction with my macro stockmarket crash bearcast of yesterday HERE
The Bear shares portfolio I outlined for summer on 19 July HERE is doing pretty well i.e tanking. Yesterday I outlined my reasons for continuing to remain bearish at a macro level HERE and I also refer to an excellent piece on Zero Hedge HERE. Then I return to the bear portfolio which is:
Thanks for all the entries to the China fraud caption contest of yesterday. That was such fun we have a new contest (deadline for entries midnight Saturday) in honour of the useless tosser Xavier Rolet, the garlic munching imbecile in charge of the London Stock Exchange.
Crowe Clark Whitehill is the UK auditor of a number on AIM casino china frauds and its associate in Fujian, Crowe Horwarth Associates really gets fingers dirty. We know that the blatant long term fraud at Sorbic (booted off the casino), Naibu (booted off the casino) and Camkids (soon to be booted off the casino) as well as at Jiasen and JQW totally escaped its attention. In light of that we bring you the latest Financial Reporting Council review of Crowe.
The deadline is Sunday. All you need to do is supply a suitable caption for the picture below. In honour of Allenby Capital and Cairn Financial which continue to act for patent frauds on the AIM casino we invite you to do your worst. Post in the comments section below.
Auditors Crowe Horwath Associates have performed the local audit for five China AIM casino companies and at three we have already seen wholesale fraud as purported cash balances either were made to disappear or never existed at all. The Financial Reporting Council, FCA and the oxymoron that is AIM Regulation need to act NOW and shares in Camkids (CAMK), Jiasen (JSI), and Asia Ceramics (ACHP) must be suspended at once.
Yesterday we demonstrated quite clearly (HERE) why Camkids (CAMK) has committed accounting fraud and why the statement of yesterday just does not add up. We have been saying that this company is a fraud for months and months and that is now clear to all. The local auditors of Camkids and the now delisted fraud Naibu acted for three other AIM stocks, one of which is JQW (JQW). The other was Sorbic International, a now delisted fraud. JQW is also a fraud and we call for an immediate suspension of its shares as well.
In today's podcast I look at Coms in detail and then at Rightster en passant whose PR man is the disgraced dirty tricks specialist Tim Thompson of Range Resources infamy and where there is a detailed piece to come later, before having a butchers at the ludicrous joke that is LightwaveRF. I refer to my Jiasen piece earlier and have a warning for other China Norfolks. In that vein I also mention the POS Daniel Stewart. Then en passant Mosman Oil & Gas and flip flop's Red Rock share tip.
AIM-listed China Companies with characteristic Red Flags seem to be coming thick and fast as featured articles here on ShareProphets. Tom Winnifrith was on record some time ago saying that any Chinese company listed on AIM was an automatic bargepole, and with good reason. We’ve had Naibu (NBU) and Sorbic International (SORB) already given their marching orders by AIM, after spending over month looking for a new Nomad. Indeed, with Naibu’s CEO jailed and evidence that the cash it claimed to have was all fiction, and Sorbic’s rather more straightforward situation that the CEO ran off with the cash and the assets (and the Chinese authorities seem reluctant to intervene) it is hard to avoid the conclusion that these were just plain, abject frauds from top to bottom.
And so we have another of the occasional bearcasts. Drawn away from raspberries and the good news that Chapter 1 of the novel is completed, by the preposterous David Lenigas I comment on that but then also on why I am bearish on equities and then to what sort of stocks will collapse in a bear market. I also look at companies that claim to be drowning in cash yet have debts. The podcasts covers Jiasen, Globo, Avanti Communications, Audioboom and a few other matters.
On Monday AIM-listed Aquatic Foods Group plc (AFG), a Jersey-based holding company with its main assets in Shandong Province in China, held its AGM. Ahead of that gathering it was announced that Mr John McLean (hitherto the Deputy Chairman and Senior non-Exec) had withdrawn his candidacy for re-election to the board. Red Flag? Read on (especially if your name is Xavier Rolet, CEO of the LSE).
Shares in Jiasen International Holdings (JSI) are down another 22% to just 4.875p last seen this morning (down from an IPO price of 82p only a year ago) to leave this obviously squeaky clean outfit from Fraud Central (Fujian Province in China) valued at just £5.9 million, down from c. £100 million at IPO.
Okay, the sabbatical really does start this week so maybe not that many bearcasts from now. But for today I explain why the market will be harder for non profit stocks and on that basis I start with a reference to my 21 stock death list of last month (Afren looks to be the first to fall) HERE but also refer to the excellent must read piece by Lucian Miers yesterday HERE. And then I launch into my 10 top shorts for summer. Companies mentioned are:
I am not at my sharpest, the Irish gene was at work last night. Working through a hangover I welcome foxy Beatrix from Budepest to Free Speech & Liberty Pizza as a replacement for the disgraced witch Christina from the Carpathians. Back in the world of shares this podcast looks at Mosman Oil & Gas and JD Wetherspoon then onto Rurelec, Falanx and Jiasen. Finally, I have a detailed discussion about the Rob Terry stocks, Imaginatik (read Steve Moore's piece today) and Daniel Stewart - when the insider and fraudster is led away in cuffs as he surely will be both these stocks will collapse.
This has been delayed by certain IT issues here in the Hellenic Republic. I start the podcast on Greece then onto China and finally to chancellor George Osborne and his budget - the guy is a prize twat. At a company level I look at Azonto Petroleum, Monitise ( TSOA wins again!), Red Rock Resources and the fraud Jiasen.
I start this podcast with a few developments on the ground here in Greece - tonight sees two mass demos which I shall be attending and reporting back on. Then it is on to Phorm, Provexis, Ubisense, Jiasen ( smoking gun located?) and the other China Norfolks, Netcall and Cenkos where conversation naturally turns to its role in the Quindell fraud and what the fallout will be.
The growing scandal of blatant China frauds on AIM continues. What have the authorities done about it? Certainly, nothing to reassure. As I shall discuss, the London Stock Exchange is playing with fire.
What a great day. Lord Michael Howard tightens the noose for Rob Terry and the Quindell (QPP) fraudsters HERE and then China fraud Jiasen says there is no reason for its share price fall. Er...I think we can all think of one can we not? Then on to JQW, China Chaintek and Camkids - watch out fella's the Sheriff of AIM is gonna get you. Ditto Phorm which is next up followed by Iofina. there is comment on Premaitha. Then onto how I dont take bribes from companies to write nice things either directly or via UK Investor Show as a Northern slum dweller seems to think. Finally there is an expose of the POS that is CIC Gold and on the scumbags behind it.
Hot on the heels of Tom Winnifrith’s prediction that GATE would be the next China fraud to follow Naibu through the AIM exit door followed by Jiasen (JSI), we had news from JQW (JQW) (more to follow on that one later) and the already suspended Sorbic (SORB). The latter will provide stiff competition to Gate Ventures (GATE), as it announced in its interims that since the resignation of Finncap as Nomad on 16 June, no Nomad had been willing to replace Finncap and accordingly Sorbic is likely to depart AIM on 17 July.
In today's regular podcast I decide that I am not yet bored of niggling the felon Charlie Gibson so remind you again of his naughty antics (HERE) - his colleague really should not have been such a beastly apologist for crime last night (HERE). Then onto business. China is more of an issue than Greece. Then there are the China frauds and I predict bad things for Gate, Geong and Jiasen and call on Gate to fess up to is real Nomad position. Then onto William Sinclair, Torotrak and Motive TV. And I also discuss why I am not quite so mega bearish as you might think.
At last the spineless crony capitalist pig Roland "fatty" Cornish of New World Oil & Gas infamy, has quit as Nomad to China fraud Gate Ventures (GATE) and hence the shares have been suspended at once. The shares were listed in March and via fees and from exercising warrants and flogging shares - even though the prospectus said he could not exercise for a year - fatty has trousered c£400,000 but now even this greedy pig, devoid of principle has had enough.
Not at my sharpest today - blame Zak Mir. In this podcast I cover ADVFN, Imagantik, Alecto, Greka Drilling, Green Dragon Gas, Monitise, Auhua, Falanx, Jiasen and its 25th June date.
The floor wiping will start at 6PM tonight at Free Speech & Liberty Pizza - all welcome. I refect on the joy of writing about or investing in real companies with profits, cashflows and assets and lament the popularity of stocks which are nothing like that on the AIM Casino. I look at Armstrong Ventures now run by my old pal Peter Redmond and Pires Investments - also a POS. Then at Jiasen, Falanx (statement needed chaps), Afren, Mosman Oil & Gas and Touchstone Gold.
It is world gin day but I have not started..yet. Ahead of that this is a PLC Death List podcast special. I list the 21 PLCs that are on my list to be delisted or go to 0p by December 31 2016 and explain why. Enjoy...
Before heading to the White Bear with my father, a brief podcast. Armadale I question its maths but its shares could well be cheap even after soaring 155% today. Then onto Atlantic Coal (dog), Sound Oil, Sefton, Jiasen & Cyan.
A morning pouring poison on the frigana at the Greek Hovel leaves me a sweaty wreck. I have one more load to dump then some olive pruning and I'll call it quits. I'll do more in August. So for light relief in this podcast I explain exactly how an AIM listed China fraud works with reference to today's trading statement from Jiasen. Then it is onto serial business failure Piers Linney and his Outsourcery POS, Arria NLG and Kuala Ltd (well done Jim Mellon) then back to Ferrum Crescent.
In today's bearcast I sing happy birthday to you for Marimedia. Ok it is not such a happy 1st birthday on the AIM Casino. What a shocker. Then onto Sareum, Sefton Resources (see HERE), Gable, JQW, Jiasen and Northbridge. Now into the fields to poison some frigana.
Xavier Rolet thinks he is delivering great things to all people on his watch as CEO of London Stock Exchange plc. His board would have us believe that. Marcus Stuttard thinks he is the sheriff of AIM. They extol the virtues of London’s junior market. We are told of how they have raised billions for smaller companies, and how this has added billions to GDP. Well that is just rubbish: what about the billions of pounds that investors have lost on AIM? AIM is a failure.
Naibu, Jiasen and over in Germany Joyou, it is all happening on the China fraud front. The London Stock Exchange's attitude and inaction is a disgrace. If you still own shares in JQW, Camkids, Jiasen, Chaintek or Asian Citrus you are bonkers. A short bearcast covering the day's events and a meeting with a feral cat.
In November of 2014 the Qualifying Executives in the Nomad team at Daniel Stewart, led by China fraud specialist Mr Paul Shackleton all quit and it was forced to tell those AIM Casino companies it represented that they needed a new Nomad or would be slung off AIM. I can now reveal that the London Stock Exchange then secretly screwed ordinary investors in order to avoid its own humiliation.
Hi apologies for the podcast delay, after a long trek down to the Mani I fell asleep. In this bury bad news on General Election day podcast I look at news from Red Rock Resources, African Copper and a laughable statement from SCS Upholstery. I also cover the China frauds, specifically Camkids and Naibu but also Sorbic, JQW, China Chaintek and Jiasen and have a message for Alan Green about a motorbike upgrade. And I cover New World Oil & Gas
The London Stock Exchange denies that there is a problem with China AIM frauds. What planet is patrician twit Chris Gibson Smith on? Well it is only dirty little people (aka private investors) who are being cleaned out so who gives a FF anyway, Chris old boy? This brings us to Sorbic (SORB) which today admitted that its CEO has stolen all its money, In fact I reckon it’s worse than that.
Thank god i am not at Free Speech & Liberty pizza as every commie in London is marching past to celebrate "workers day". When is the day that celebrates the real stars: capitalists? After passing on news of Oakley's health I cover Daniel Stewart, the China frauds including Sorbic and Jiasen, Ascent Resources, Mosman Oil & Gas (joke), Coms, Mopowered, Horse Hill, Berkeley Minerals, Greville Janner, Begbies Traynor, UK house prices and the POS AIM Casino company that has sent me a lawyer's letter.
This must all just be a complete coincidence. Two AIM China companies have announced the sacking of their head honchos by the non-execs. Both are suspended pending financial clarification. Both have engaged Chinese legal firms to gain control of cash/assets of their respective companies. Both apparently have plenty of cash, it is just a small issue that the cash seems to be stuck in China.
Even the thickest mothers on this planet (that is to say the AIM regulation team) must be spotting a pattern by now as another AIM listed China fraud (Sorbic) bites the dust.
Not hungover and after my first full night's sleep since Saturday I am back with my normal balanced and tolerant view of the AIM casino. Where do I start? Horse Hill, the POS ValiRx, Foxtons, Premaitha, Plethora, Telecom Plus (expect real fireworks on that one from Kevin Ashton on Saturday), Northern Petroleum and China Norfolk Jiasen.
I mentioned this in BearCast and it is just a bit of fun. Shares in Naibu remain suspended as the CEO of that fraud Mr Houyan Lin languishes in a China gaol cell. So which will the be the next China AIM stock to be suspended for whatever reason - natch fraud is the most likely reason, Vote now, results tomorrow
A little while ago I quizzed Stellar Resources (STG) Ex- Chairman and current director of Gold Mines of wales (GMOW) David Lenigas on its progress from both the Clogau Gold mine and the Gwynfynydd gold mine which comes under the exclusivity agreement covering the Dolgellau gold belt which has been heavily promoted over the years, Even Kate & William fund their names dropped in.
I start with admin matters: I shall be served with an injunction by Aiden Earley, shadow director of the fraud Worthington at 4.30 PM and have a few snippets of bad news for Aiden. I congratulate Brokerman Dan on being named the share blogger of the year. Then to business. In this podcast I touch on Quindell, Move onto William Sinclair, Jiasen ( a China Norfolk), Tern, Sareum and Afren.
A pretty wide ranging podcast today but the theme is denial with a dose of China rubbish. I cover Worthington, Afren, Coms, Edenville Energy, Solgold, Craven House, JQW, Jiasen, Qihang, Naibu, China Chaintek, Camkids, Beowulf and more.
I revealed yesterday how Houyan Lin of Naibu (NBU) has been rotting in prison since November 2014 yet his AIM casino shares carried on trading till January 9 2015 and there has been no RNS. Despite this – as I revealed a week or two back, AIM is working to get more China companies to list on the casino. Think again fools, now I can tell you about a second AIM CEO from China who has been arrested.
Yes you read the headline correctly. The CEO of an AIM listed company has been languishing in prison since mid-November and no-one has been told about it. Two Nomads, the non-execs, AIM Regulation you stand accused of contributing to the darkest hour of the Casino. Anyone who has bought shares since the incarceration you know who to sue. Surely heads must roll?
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.
I stand accused yet again of insulting the entire investment community and of delighting in folks losing money. Au contraire, I delight when Bulletin Board Morons lose money but that is just a small group of those who use BBs.
It is now three weeks since shares in Naibu (NBU) were suspended from the AIM casino pending clarification of its financial position, notwithstanding the fact that it claimed to be profitable, cash generative and to have net cash of £32 million – a multiple of its market cap. In light of this I have again written to Big Ray Zimmerman of ZAI Corporate Finance, Nomad to this fraud because the implications of the fraud are severe for not only Naibu but also ZAI, Daniel Stewart (DAN) and the other members of the Fujian four – China Chaintek (CTEK), Camkids (CAMK) and Jiasen (JSI). Plus for good measure JQW (JQW).
In today's podcast I cover David Lenigas firing Hume capital, TXO (toast I suspect), Jiasen & Gowin New ( China toast to come), Monitise (vindication almost complete after latest profits warning), Quindell (loons, toast to come) and Oxford Instruments (shoot the PR, visibility nil, bargepole).
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?
In this short end of week podcast I look at the issue of sub critical mass companies on the AIM casino starting with Hunter Resources but en passant looking again at the POS enterprises that are Tern and Touchstone Gold. I look at housebuilders, Qihang Equiment and the three remaining Fuijian Norfolks: Camkids, China Chaintek and Jiasen
Really just a few matters on the agenda in this special prompted by the suspension of shares in Naibu (NBU) today. I have been calling this out as a fraud for a year. I win. I look at the read across to China Chaintek, Camkids and Jiasen, to what it says about ZAI Corporate Finance and its other clients and what it says about any other stock I call out as a fraud. I look at Quindell, rumours about a new chairman, PWC and the fact that it too is a fraud. I also have more to say on the matter of free speech.
The working year starts a proper and I am in a good mood which is bad news for the low life on the AIM Casino. On the agenda today: Enegi Oil, LGO Oil, Iofina, Mosman Oil & Gas, oil stocks, Chris Oil & his share tips, Naibu, Jiasen, Camkids and China Chaintek ( the China Norfolks), Quindell, and - in some detail - Tern.
A podcast extra today on the Modus Operandi of China frauds, on a trading statement from China Chaintek (CTEK) that simply does not make sense and serious questions for Daniel Stewart and Mr Paul Shackleton who signed off on this bollocks. I also cover Naibu (another Shackleton "verified" fraud and Jiasen which also announced a load of cobblers today. Reminder for investors in Chaintek and Naibu the clock is ticking. Shackleton you are now a marked man , the Sheriff is on your case.
Today folks in my podcast I look at the sad cases of Maple Energy, Beacon Hill, Ultrasis and Quindell on the theme of its never too late to sell and why folks just do not behave rationally. All three are heading for wipeout so why is it that we some folks hang on? I also look again at Jiasen the Chinese company I had a go at yesterday in light of a phone call received today. If anythig it makes me even more bearish.