He took an £850,000 bonus for staging the AIM IPO of Sensyne (SENS) even though he had promised his Nomad which had then assured institutional investors, that he would not. Then Lord Drayson used more company funds to pay off a whistleblower. This man, enobled by the war criminal Sir Tony Blair after, in a wholly unrelated way, donating vast sums to New Labour, is a festering wart on the backside of the corporate world. One hopes that a cash crisis will deal with this wart once and for all. Natch I have been a bear of this stock all along, unlike hedgie Matthew Scarborough of Gatemore who did his darndest to get me to pump this stock days before the scale of the current crisis started to become apparent.
Oh dear, oh dear, oh dear. It was already clear that Aquis lobster-potted Rutherford Health (RUTH) was in big trouble as funds from a placing back in August had not arrived and last Friday the company had promised news of bridge financing this week. Back on 25th October my back-of-an-envelope calculator suggested that the company was already on the brink and on Thursday this week – at lunch time when nobody was looking – the company announced the departure of the CEO and the chairman. Did somebody say rats and sinking ship?
This horrible company which, as we exposed, lied in its very first RNS on December 30th 2020 repeated that same lie today.It is shameless. Or perhaps its morally bankrupt PR dirtbags at Yellow Jersey enjoy posting serial lies? The company was going to announce its results for the year to June 30 In October, then in the week starting November 29 but finally they are out. A masterclass in pointless bullshit from scumbags who offer no explanation for the delay.
I kid you not. Natch there is a very obviously related party stink, the valuation is a joke, the brokers behind it are scumbags and my friend Zak is a clown who doesn’t have a scooby about media and fintech M&A but do not let me put you off. This madness will at least be entertaining, if not rewarding for those daft enough to back it.
I don’t like being bullied – even indirectly by clairvoyant PR guys. So when Tom Winnifrith reported taking a call regarding my pieces on Edge Performance VCT (EDGI and EDGH) and the one director on its Board, Sir Peter Bazalgette, to be facing re-election by grateful shareholders (no sniggering at the back) – if, that is, Edge ever gets around to reconvening its AGM which was adjourned way back on 31 August 2021, some two and a half months ago – I took a trip to Companies House. Toff ITV NED Edward Bonham-Carter will no doubt wish to overlook this as well as Sir Peter is just a jolly fine chap and not some dirty oik.
If a company is run by Adam Wilson of Atlantic Carbon and Daniel Stewart infamy and also hires former Daniel Stewart boss Peter Shea on a chunky retainer the word that instantly spring’s to mind is sleaze. Another few words are inevitable long run value destruction. And that brings me to this morning’s announcement.
Yesterday saw two trades of 2,005,106 and 2,550,000 Chill Brands (CHLL) shares dumped well below the offer at 14.25p. That is more than 2% of the equity. There were other big sells below the bid on Monday. Was a major shareholder at last accepting that I was right or was this just canny de-risking as today there is a trading statement which is so terrible it is hard to know where to start. No doubt the FCA will ensure there is no story of insider dealing to tell. So how bad is the statement? It is dire.
The antics of the Mike Edwards/Jonathan Bixby gang at Aquis listed Dispersion Technologies (DEFI) have been well documented on this website. All sorts of scoundrels backed this in a heavily discounted pre-IPO round, the sort of scoundrels whose accounts at broker Pello ignore lockins and the smoke and mirrors continues today with news of an acquisition. The stench here is getting unbearable.
You can get borrow and you should. There is a collapsing long position on margin but the real reason to go aggressively short of Chill Brands (CHLL) is the deafening sound of silence. Let me explain.
Appointment of strategic advisers shouted the press release. What, thought I, a strategic review to understand why sales are SFA and the company still can’t get it annual accounts out? Er no. The headline should have read “sales failing, more money spent on brand promotion but not enough cash to make a real difference.”
There are certain questions that the fraud Chill Brands (CHLL) will not answer because were it to do so truthfully it would expose just how badly its business is failing. With a three months to September trading update due within a couple of weeks I have written to the company with those questions
In May of this year, the fraud that is Chill Brands (CHLL) announced that its piss poor results for the year to March 31 2021 would be out in July. July saw two utterly dreadful trading statements but no results and on August 4 the fraudsters said that, due to covid (natch), results would be in August. That was bollocks.
The fraud Zoetic (ZOE) said, on 17 May 2021, that its results for the year to 31 March 2021 would be out in July (2021). But instead of delivering its numbers, it served up trading statements on July 1 and July 29 and last night said that covid had caused delays and the results would be out in August. That is both a lie and an admission of a rule breach.
On MyHeathChecked (MHC) I tidy up all the loose ends from yesterday’s options storm and I am confident that the greedy management have behaved in this way as the shares will head higher. On the fraud Zoetic (ZOE) I discuss the purchase of the domain name Chill.com and all the questions that throws up. I do know a bit about buying domain names and this is not what it seems. Then I cover the 2 questions that its financial adviser Nick Harriss at Allenby and its scumbag PR Henry Harrison Topham will not respond to and which I will be taking up with the FCA tomorrow. It strikes me these are slam dunk rule breaches. Nick, at least, used to care about such matters.
The fraud Zoetic (ZOE) said it would serve up its final results in July. Instead, on July 1, we had a trading update and today we have another trading update. If results really are out before the weekend, why rush out a second trading update this morning? This is smoke and mirrors time as the trading news is absolutely dire and the absence of those results should alarm even the most moronic of morons.
Forgive the crude title or love it if you are Matthew and his dog. I could not resist. I start with a discussion of the tyranny of village facebook pages prompted by my latest spat with some villagers of Holt in Wales HERE. Then I look at Kefi (KEFI), Zoetic (ZOE), Kanobo (KNB), Supply@ME Capital (SYME), Block Energy (BLOE) and the bitcoin pump by America’s Neil Woodford and others. Ian Westbrook is now at just under £12,000 and has ten days to reach £20,000 to see the loathsome Neill Ricketts at the next stage. To call the bluff of the Versarien (VRS) bully, please donate HERE. PS Darren points out it is the 26th not the 27th. He is correct.
I apologise for a late bearcast. I was meeting up with my mentor on goat milking. Meanwhile, brave Ian Westbrook is now halfway to target to ensure that bully boy Neill Ricketts does not steamroller his second biggest critic - please do donate HERE. After 24 hours, I still cannot tell you what shares I will be buying. Maybe on Monday. In the podcast, I look at Predator Oil & Gas (PRD), Simec (SAE), Remote Monitored Systems (RMS) and Acceler8 Ventures (AC8) where my take may surprise you.
Fat Bastard Malcolm Graham Wood takes fees from companies to write (positively) about their shares without disclosing the payments. He will do this for any company even proven frauds such as the late lamented Frontera Resources (FRR) which is why he is the whore blogger. His defenders insist that he is fundamentally honest but can they explain this away?
I say that sales are vanity but today’s “record” half year trading update does not seem to have much to boast about in that department and as to profits? Er… dream on. For Corero (CNS) that is the stuff of shagging Cheryl Cole land. It is pure fantasy.
If the FCA was not staffed by such useless mothers, it would have forced Wildcat Petroleum (WCAT) to issue a brand new prospectus just 6 weeks after its December 30 2020 listing as it announced a whole new business strategy. But the FCA is not fit for purpose so it will, I expect, ignore black and white evidence that the very first RNS issued by Wildcat was a whopper of a porky. On the (sub) Standard List who cares?
The fraud Zoetic International (ZOE) has announced the launch of its Chill brand in the UK. So what? The brand is almost unknown and without any real cash to create brand awareness sales will impress nobody. Of more interest is news from the US which really should set alarm bells ringing for morons owning this stock.
These are not hard questions for the fraud Zoetic (ZOE) and its journalist-smearing, morally bankrupt PR team from Buchanan led by the fraudster’s fave spinner Henry Harrison-Topham to answer. But it will not. After eleven days and nine emails, the evil spinners are yet to respond to:
These are not hard questions for the fraud Zoetic (ZOE) and its journalist-smearing, morally bankrupt PR team from Buchanan led by the fraudster’s fave spinner Henry Harrison-Topham to answer. But it will not. After ten days and eight emails, the evil spinners are yet to respond to:
These are not hard questions for the fraud Zoetic (ZOE) and its journalist-smearing, morally bankrupt PR team from Buchanan led by the fraudster’s fave spinner Henry Harrison-Topham to answer. But it will not. After nine days and 7 emails, the evil spinners are yet to respond to:
That is a fair question and I explain why they almost always do but why one in particular is opting not to do so. In this podcast, I cover Bidstack (BIDS), Supply@ME Capital (SYME) and Zoetic (FRAUD).
This is not a hard question for the fraud Zoetic (ZOE) and its journalist-smearing, morally bankrupt PR team from Buchanan led by the fraudster’s fave spinner Henry Harrison-Topham to answer. But it will not. Seven days of silence prompts me to ask for the fifth time:
Shares in the Standard Listed fraud that is Zoetic International (ZOE) are, at 56p mid, almost 50% off their all-time highs achieved at peak pump earlier this year. To have suffered such slippage amid a bull market for pot and small cap stocks takes some doing and is, in itself, something of a red flag. The posh but extremely dim and morally bankrupt PR man for this firm, Mr. Henry Harrison-Topham, tried to steady the nerves of the fools invested here with a trading update but it was no good. It was a case study in where what the company did NOT say serves as a red flag.
Needless to say, the morally bankrupt PR firm of Buchanan has still not replied to an email from Tuesday night regarding forecasts for its technically insolvent client Bidstack (BIDS). Presumably it is working hard finding a journalist to smear and that is its priority. When Steph Watson says she will reply to an email, what she clearly means is “I am a lying PR harpy and will do nothing of the sort.” But, without the assistance of mendacious Steph, I now have confirmation that house broker Stifel has indeed slashed forecasts which appears to be a clear breach of AIM Rules 10 and 11.
You may remember that the, now technically insolvent, fraud Supply@ME Capital (SYME) forgot to hold an AGM for calendar 2019 and only called one for April 30 2021 after I raised this as an issue. But is this AGM itself illegal? I have repeatedly asked the company’s PR man Mr Paul Vann 2 questions and still he refuses to answer.
Companies like Scotgold (SGZ) pay Proactive to record soft interviews and so anyone engaged in this process is part of a bent and corrupt bastard child of journalism. This is PR dressed up as reporting. I have seen some rotten Proactive blow-offs in my time but today’s effort from Katie Pilbeam on Scotgold is the worst ever. She makes Justin the Clown look like Jeremy Paxman in his prime. Watch and cringe. It is so bad it is actually truly enjoyable, you really will laugh out loud.
Today’s lack of profits/sales warning and associated deceits from the fraud Zoetic International (ZOE) also made claims about forthcoming UK product launches which surely the UK Regulator will regard as unfounded. I guess Financial Advisor Allenby and PR spinners Buchanan are happy to be party to such rule breaking as they put their names to this release. I guess both have bills to pay so sod actually obeying rules.
First it is Peter Brailey: My colleagues Tom Winnifrith and Gary Newman have provided opinion on the investment case of AsiaMet Resources (ARS) for some time. I think it is fair to say both see good potential upside. I remained on the fence watching. But I do see downside on the company’s social media strategy and I do not like it at all. It’s made me get off the fence – I will not invest until the company acts with a moral code I can agree with.
It seems someone pulled the video of an angry Iconic (ICON) shareholder challenging toxic Dave Sefton to a charity boxing match. I can’t think which low grade scumbag would want his reputation protecting with that attack on free speech. Maybe toxic Dave has hired the fraudster’s PR of choice, Henry Harrison-Topham, of Buchanan to do his PR. Anyhow, our pal is back and his new target is Lyin’ Steve Sanderson of UK Oil & Gas (UKOG). Enjoy before this video is also taken down.
As readers will know I was a big fan of AIM-listed biotech Scancell (SCLP) but lost my patience with what appeared to be an attempt to jump on the Covid bandwagon. Well blow me down, for today the shares have doubled to 28.25p at peak this morning. What’s going on (apart from me looking like a prize chump)?
Natch the statement talks of big numbers but the reality is that this trading statement is a statement of failure to meet expectations in earlier statements and a fess up of lost contracts. Of course the moronic shareholders in Zoetic International (ZOE) love it. Where do we start? On 3 September 2020 when we were told:
Just a couple of weeks after a dire profits warning which utterly vindicated my bear dossier of last July that the company so pompously refuted and which flews in the face of subsequent bullish statements, it emerges that Manolete (MANO) founder and CEO Steve Cooklin has flogged c£1.5 million worth of shares with the stock at multi-year lows. But this not the only boardroom trading red flag.
The FCA will by now have had ample opportunity to read yesterday’s explosive dossier on Zoetic (ZOE) HERE. I sense, however, that most folks owning the shares will not have done so since they think not paying £1.99 for a day pass is a cost saving as they prepare to kiss goodbye to their savings. Whatever. It is a false economy for you morons. But for the cheapskates, outside the paywall, I offer you one slam dunk and material lie from that dossier. And companies that tell monster lies to deceive investors are frauds, are they not?
Which one of the seven stages of grief is “denial?” If you want to see it on display, I bring you some tweets below from moronic shareholders in the con that is Supply@ME Capital (SYME). For folks like this facts do not matter but the facts of what is happening are very clear, starting at 7 AM last Friday morning.
On 10 July 2020, I published a devastating and detailed bear dossier on AIM darling Manolete (MANO) with the shares at 515p valuing it at more than £250 million. The company and its odious PR firm Instinctif responded with a pompous and unconvincing denial. I’ve warned you repeatedly since then and yesterday in the late afternoon came a shocking warning. The shares closed at 200p but as lies are exposed, worse, including a bailout placing, will come. So let’s start with the lies.
Sabien (SNT) has been around for years developing boilers that were going to revolutionise the world. Whatever. Floated at 52p per share in 2006, its shares now trade at 0.1p after more catastrophic news. Losses to date are in excess of £5 million but at least it has been providing a steady source of coke and hookers cash for London’s Nomads, brokers, PR fluffies et al. Today came a real shocker.
Yesterday another adviser to AIM-listed jam tomorrow investment company Tern (TERN) has departed the building. We have already this year learnt that Tern’s Auditor slipped out of the back door under cover of night, and it is not so long ago that Allenby took on the role of Nomad, leaving one wondering if the former incumbents jumped or were pushed, shortly after Redleaf had vacated the PR role. Now Broker Whitman Howard has jumped ship. Should shareholders be concerned?
Meet Krazykat, @GBarlowinvestor, he is a moron.
Can there be any more red flags fluttering over laughable AIM Company Verditek (VDTK)? You bet there are. First up is today’s news of a share issuance for PR services. What PR you say? Exactly.
Shares in FastJet (FJET) have today left the AIM casino so are now untradeable, as well as essentially worthless. Remaining investors face mega dilution or administration or most possibly both. Having warned folks extensively over the years about an operation first set up to smuggle tobacco and which just could not turn a legitimate cent, I feel somewhat vindicated. But there is more… Citigate Dewe Rogerson and the half to £1 million of shareholders cash spunked on nothing!
First up I explain why I am going to make some damson jam with Joshua this weekend and why, thanks to Clem Chambers and Online Blockchain (OBC), you can win a pot. I mention en passant FastJet (FJET) and its journalist-smearing fascist bastard PRs at Citigate Dewe Rogerson, Wishbone Gold (WSBN), Big Dish (DISH), and Supply@ME Capital (SYME). Then I do a long piece on 7Digital (7DIG).
Thanks to the good works of Gabriel Grego, Akazoo (InternetQ as was) has now been thrown off Nasdaq and the SEC are crawling all over it, its main backer and author of its corporate deals, Martin Hughes’ Tosca Fund and various advisors. One firm that has narrowly avoided a massive bullet, as I can reveal today, is auditor BDO Global.
I have been waiting for this day for a long while. I hope that comrade Graham Neary has a glass (or seven) of Black Velvet over in Ireland tonight. I shall have an ouzo as I enjoy some karma heading to the journalist-smearing fascist PR bastards at Citigate. I should warn you that this podcast contains some bad language as I consider the AIM demise of Fastjet (FJET). I laugh at a rumour about Ascent Resources (AST) and the whore blogger Malcolm Graham Wood and I consider the laughable plans of the pathetic nanny state regime of Bojo to tackle obesity. I also look at Cineworld (CINE), R4E (R4E) and Supply@ME Capital (SYME), three firms I fear are in the merde. And did I mention that Citigate Dewe Rogerson are a bunch of journalist-smearing motherfuckers whose comprehensive lack of ethics I shall toast with ouzo tonight?
Last week I published a detailed dossier on Manolete (MANO) explaining why the shares, then 515p, were worth 80p. Today the company has published an attempted rebuttal which starts with upper class twit PR scumbags Instinctif trying to smear ShareProphets. The shares are off another 15p at 395p. The PR men may find smearing journalists almost as entertaining as mutual masturbation behind the bike sheds at Eton, but the markets are not convinced. I shall deal witrh that smear in bearcast later. First why the rebutall is so weak.
There are only two financial journalists who write regularly about Skinbiotherapeutics (SBTX): myself and Steve Moore. Coverage elsewhere is minimal to zero yet for some reason the company wastes the cash of loyal shareholders such as myself, on Instinctif, a financial PR firm. Yesterday at 4.16PM on trading statement day Mr Phillip Marriage of Instinctif dropped me an email. I suspect he wishes he had not. Our full exchange follows.
As a good citizen, yesterday, I reminded FastJet (FJET) and its loathsome, journalist smearing, motherfucker evil PR spinner bastards at Citigate Dewe Rogerson that they had promised us a trading statement by “the last week in June”. Duly nudged a statement arrived today and it is dismal. The crash landing at Tits Up Airport has been postponed but not for long.
My guess is that the long awaited meeting of FastJet (FJET) PLC with a crash landing at Tits Up Airport cannot be postponed for that much longer. It is not as if this company could ever make any money pre Covid. But while I await that moment as one that I celebrate with champagne and noxious phone calls to its journalist smearing motherfucker PRs at Citigate Dewe Rogerson, I remind the company that it had promised us a trading update by Monday at the latest. Specifically, on 8 June it stated:
With shares in Avacta (AVCT) ludicrously overvalued at 138p the company rightly fears that when the second tranche of stock from the recent placing at 120p is admitted to the AIM Casino tomorrow there will be a line of folks wanting to flip. What to do? Of course, get your evil morally bankrupt PR spinners at Yellow Jersey to issue complete non news and make it sound exciting. Heck Yellow Jersey managed to persuade suckers to pile into mega and obvious fraud Frontera (FRR) so they can push any shite uphill. For a while at least.
The judgement which I publish in full below from the International Arbitration Court is damning. For those, such as scumbag PR advisers Yellow Jersey, the whore blogger Malcolm Graham Wood and Nomad Cairn which, for years, helped the, formerly AIM listed, FRAUD Frontera Resources (FRR) to raise millions of pounds from mug punters, it is document demonstrating their wholesale moral bankruptcy. Those involved continued to push the shares even AFTER I had shown the company to be a fraud run by liars.
What a complete and total POS. As I pointed out (yet again) yesterday, AIM-listed URU Metals (URU) was technically insolvent and for no apparent reason the shares had marched up to 200p, overvaluing this outfit by…..er….200p. Needless to say, the directors had a duty to raise money and at no-one-is-watching o’clock last night (4.56pm) we learnt that they had. But the company misleads over the massive 57.5% discount – and that is a best case scenario – and the company is STILL technically insolvent.
I have flagged up the corrupt nature of the deadwood press, and the Sunday Times in particular, numerous times on this website. The way it blew off Neil Woodford in return for “scoops" and again and again backs boards, who by dint of underperformance, are quite rightly under fire with dirty attacks on their critics is shameful. Babcock (BAB) is a case in point. Today the paper shows its true colours again with its coverage of NMC Health (NMC) and more especially, and shamefully, of EasyJet (EZJ).
Even the journalist smearing PR mothers at FTI consulting could not polish the steaming turd that was today’s 4.11 PM update from the, until recently, FTSE 100 member NMC Health (NMC). The level of fraud is staggering.
Get your beer and popcorn ready this is going to be fun. Iofina (IOF) has today issued an RNS via its morally bankrupt PR mothers at Yellow Jersey commenting on social media and press reports that the self-confessed bad boy of Brexit, Arron Banks, is calling a GM to oust useless chairman Lance Baller. Iofina says it has received no request and as such “ the Board believes that posting this type of information on social media, instead of by proper and legally permitted channels, to be wholly inappropriate and in potential violation of applicable law and regulation. Furthermore, the Board believes this action to be detrimental to shareholders of the Company as a whole.” Pompous knobheads.
Natch the bad news came after hours, at no-one is watching O’clock. With journalist smearing FTI Consulting doing the PR turd polishing what else would you expect? My pal Carson Block of Muddy Waters whose dossier first exposed the cesspit at NMC on 17 December 2019 HERE noted “At this point, the company’s announcements speak for themselves and seem to be even more damning than our initial report was.” Indeed. Well let’s start with the apologies
Hey morons do you now realise that it does not matter how much you troll me, call me a peadophile or harass my wife at work it will not save you from my hard analysis, investigative journalism and from the reality that you have backed a wong 'un?. Versarien (VRS) has been forced to come partially clean and the news is utterly terrible. Even morally bankrupt PR firm Yellow Jersey - which spun for Frontera (FRR) AFTER I showed it was a fraud - cannot polish this turd. I also look at Tertiary Minerals (TYM) and Botswana Diamonds (BOD) and have a Welsh Hovel flood update.
Palldium! That's the asset class that you should have invested in last year. Sorry, we almost renamed ourselves PalladiumProphets but then we got distracted and keep on harassing bad guys. But this chart of 11 asset classes over the past ten years is faciinating.
After yesterday’s shock lack of profits warning from Bidstack (BIDS) the next question is when will a bailout placing be needed. To that end the company has announced today what appears to be an almighty spoof designed to ramp the stock ahead of the placing. Even the company’s PR Buchannan has just admitted to me that the release is not clear. This is your £10 million spoof of the day.
We have been warning that Purecircle (PURE), a company once valued at a billion dollars was a disaster waiting to happen for more than six years. The shares were already suspended over the inventory fraud, now other “matters of concern” have emerged and the CEO is stepping aside pro tem. This company is almost certainly toast. City adbisors named below should hang their heads in shame and return fees, directors should go to jail.
Hello, Share Swallowers. It’s not a very exciting name but WPP (WPP) is one of the biggest advertising and PR outfits in the world. That’s not bad for a company that began life in the 1970’s as Wire and Plastic Products, making shopping baskets...
Let us be clear: bulletin board darling Bidstack (BIDS) has flouted AIM rules, it sitting on a profits warning & is grossly overvalued.
Last night the disgraced dirty tricks specialist PR man Tim Thompson orgnaised a ramptiastic investor evening giving his client Angus Energy (ANGS), run by Lucky Lord Lucan, the chance to meet Bulletin Board Morons. What happened next is bonkers.
Saying that he wished to pursue more entrepreneurial opportunities, the founder and CEO of Audioboom (BOOM), free speech denying Rob Proctor has quit the company with immediate effect. Feck off Rob, the only question is whether other family members on the payroll (employed on merit natch) will be going too. And what, or who, prompted the departure of Proctor pere?
I have commented on I3Energy (I3E) over the last few days concluding this company is uninvestable and noting the company Nomad seems to agree with me. After market close on Friday the company PR man issued an e-mail update to some shareholders. It confirms my thinking. This company is utterly uninvestable at best.
FTI Consulting, PR for First Derivatives (FDP), wants me to take down legititmate articles asking legitimate questions. If Roger Lawson had his way I'd have to take them down. Luckily the ShareSoc supremo can't gag a free press so instead I publish some more, explosive, court documents about First Derivatives in full, below and in this podcast I explain why they matter.
It seems the world of mattresses isn’t going to be revolutionised by Woodford Dog Eve Sleep after all. The company issued a trading update yesterday and for all the waffle the cash looks like it is going to run out again. As with Halosource, RM2 and Thin Film, without Neil Woodford to backstop yet another bailout I think we know the pattern. Oh dear….
The joke management of the London Stock Exchange (LSE) continues to insist that the AIM Casino is the world’s leading growth market. But the hard data from June 2019 shows once again that the fat cat LSE bosses are ‘avin’ a giraffe.
We live in a mad, mad world and I cite four examples of this: the banning of the original US flag by Nike 48 hours ahead of July 4, illiterate Zak Mir going into PR, the PI love-in on Bulletin Boards with utterly worthless Premier African Minerals (PREM) and the IPO of Funding Circle (FCH). I look at Dialight (DIA), and Fastjet (FJET) and then list my top ten shorts worth more than £250 million (with two slightly smaller cheats included) and explain the bear case for each.
I suggested that Union Jack Oil (UJO) was planning a placing in yesterday’s bearcast. And lo and behold the Sheriff of AIM is right again, £2.25 million has been raised at 0.17p. But this raises big questions about the share trading activities of Mr Chris “Uranium” Oil, a man who has featured on this website often enough.
I asked the question in bearcast - had Woodford Patient Capital Trust (WPCT) burst its overdraft limit? Nigel Somerville thought it had. The PR has got back and it has not. But it is darn close and the answer is actually even more worrying. Let me explain.
In this bearcast I ask a series of questions for PR spinners for Woodford Patient Capital Trust (WPCT). References to 210p should be 227p. Let's see what answers I get. I also look at Optibiotix (OPTI), RM2 (RM2), Mysale (MYSL), Agronomics (ANIC) and have a big question for Neill Ricketts and Versarien (VRS)
I see that the spin doctors for Woodford Patient Capital Trust (WPCT) told their poodles in the deadwood press (the FT) to run a fake news article suggesting that vultures were circling looking to bid for the company and its assets. No-one, not even the PR cocksuckers at the Financial Times, believes that for a minute and the shares have slumped again today to 59p, despite, or perhaps in part because of, the weediest of statements from WPCT.
On 11 April Rose Petroleum (ROSE) announced that Mr Robert Bensh was buying £275,000 of shares in the company at 1.1p to take a 14% stake and would become chairman with immediate effect. Er….
On 2 May Management Resource Solutions (MRS) held an investor lie-fest at the offices of its uber expensive PR posh-tards FTI Consulting. It was recorded so hapless Nomad Arden has full access to what was said. I have already detailed, here, a stunning admission by boss John Zorbas which would have seen any normal Nomad resign on the spot. But there was more….
At the investor presentation on 2 May at the offices of uber expensive PR posh-wits FTI Consulting, which was attended by over 20 sceptical and angry investors, Management Resource Solutions (MRS) boss John Zorbas again showed he was, quite possibly, a liar.
Today at 2PM, Management Resource Solutions (MRS) hosts a teach in for analysts and investors at the offices of its PR firm FTI Consulting. Anyone attending might care to ask if the Takeover Panel has been in touch.
In the greater scheme of things, given our exposes on the related parties nest of snakes, the blatant RNS lie and the fundamental insolvency of Management Resource Solutions (MRS) this is small beer, but it seems that the Management Team do not give a FF about AIM rules on website disclosure as the screenshot below demonstrates.
Eight days ago Neil Woodford’s PR spinners told their gophers in the lacky corrupt deadwood press, aka Peter Evans and Sabah Meddings of the Sunday Times to write a big puff piece about how Neil Woodford’ backed Proton Partners was planning to raise £50 million and list on the NEX lobster pot. It has not taken long for that fake news to be exposed, as no investors other than Woodford himself have been prepared to back this IPO – something revealed in the prospectus out today.
Slung off AIM a few weeks ago, Frontera Resources (FRR) still has its fans in the Bullettin Board Moron community but the latest trove of emails to emerge, which we publish in full below, will shock even them as the extent of the fraud emerges.
AIM-listed Midatech (MTPH) is a cancer-busting company which uses its Q-Sphera technology which, according to Proative Investors, works in a different way to deliver the drug at the right time. Ah, so we have a disruptive cancer-buster…..step forward Neil Woodford, who backed the IPO back in 2014 (at 267p vs share price now just 3.4p!) and ponied up to support placings along the way. Oh dear. But it gets worse……although the PR comedy this morning makes up for it!
Frontera Resources (FRR) did not wish to leave the AIM Casino. Having its shares freely traded meant it was able to obtain death spiral finance to bay its bills. No trading facility, no death spiral, no future. But…
Two days after MySquar (MYSQ) suspended its shares on the AIM Casino and admitted to fraud and a cash crisis its odious slug of a chairman, the well known PR spinner Mr Piers Pottinger has quit as a director and from the company. Piers may wish to distance himself from what is a very messy crime scene but it is too late. He was either involved in the fraud or enabled it by his incompetence or his silence or both. He features in a detailed dossier I am preparing for the FCA and SFO urging them to launch a formal enquiry.
I start with a Wigan Athletic supporting homophobic yob tweeting abuse at me on behalf of Frontera Resources (FRR). What a silly man at every level. FFS the real insult is he thinks I wear an England Rugby shirt. Whatever... Then it is onto the blurred line between PR and journalism and the Sunday Times splash on M&S (MKS) which should be taken with a bucket load of salt. Finally a few words on Mike Ashley. He may be a lardbucket and a tosser but...
You will no doubt remember that as well as facing two legal cases either of which could strip it of all of its assets (having caved on a third) Frontera Resources (FRR) is completely out of cash, burning cash and drowning in debt and thus is trying to ramp its shares however it can to get a bailout rescue placing away. So welcome to the tale of two spoofs orchestrated by disgraced dirty tricks PR specialist Tim Thompson of morally bankrupt & intellectually challenged fucktards Yellow Jersey and egged on by the whore blogger Malcolm “fat bastard” Graham Wood.
FastJet (FJET) the airline set up by tobacco smugglers which, having gone legit, has a perennially failing business model and ability to burn vast amounts of cash had said that it needed more cash by the end of October to keep going. Aha, its October 31, I wish all ,my readers on the Isle of Man happy Hop-tu-naa, and so what’s the story back at FastJet? It is not good news I fear…
This morning I have been berated on twitter by a self proclaimed “AIM expert” who reckons that MySquar (MYSQ) is the next big thing. I can only assume he is a stale bull desperate to get out as this fraud is unravelling apace. Wind back to last Friday at 4.30 PM, no-one is watching O Clock, when the company served up a trading statement.
The journalist smearing PR bastards at Citigate Dewe Rogerson snuck out results from FastJet (FJET) just after noon hoping that the whole world would be on a lunchbreak. Not only are the numbers utterly shite but having raised $10 million in July the company now ‘fesses that it needs more cash by the end of October or it will be once again at the cul de sac at the end of tits up alley. Disgraceful.
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?
Two days ago we asked you HERE to guess the price of the bailout placing which Frontera Resources (FRR) needs ASAP to avoid going tits up. And, with the stock still 0.22p to sell, you said…
Grossly overvalued AIM listed piece of crap Frontera Resources (FRR) is running on vapours. It has less cash than your average Venezuelan and is burning it at an alarming rate. Despite the best efforts of disgraced PR man Tim Thompson of scumbags Yellow Jersey PR and the whore blogger, Malcom “Fat Bastard” Graham Wood to ramp the stock, it has more than halved since May 1 and is now just 0.22p to sell. So what price is the looming bailout placing going to be at. You guess in our reader poll, the deadline to enter is midnight tonight:
As I write, the whore blogger Malcolm “Fat Bastard” Graham Wood is taking dictation from his master Zaza as to why today’s results from Frontera Resources (FRR) point to a bright future. Yes Zaza, whatever you say sir, I shall write up my “Independent” commentary now. And sir, I notice that my invoices for February onwards have not been paid: perhaps you might put some brown envelopes in the post? Of course calendar 2017 numbers, snuck out on the last day possible, were shite.
I guess the journalist smearing bastards at Citigate Dewe Rogerson might be about to lose another retainer. Their response to my probing of the financial woes of their poxy client FastJet (FJET) was to threaten and smear me. Fuck you Citigate. Now Fastjet has ‘fessed to just how grim things are. It could be tits up time by the weekend. Crack out the ouzo, let’s celebrate. I shed no tears for a company that stands by the actions of scum like Citigate. And I warned shareholders often enough what financial fate lay in store for FastJet.
AIM-listed Haydale (HAYD) has offered the market an RNS this morning describing “Strong Commercial Progress”. Bearing in mind the profit warning of last week, and the inevitability of another bailout placing one wonders if this marks the appearance of pastures new in the distance, or whether it is just a pre-placing ramp.
I record with Argentina and Iceland in the background on mute. Hell's teeth who on earth could support the fecking Argies? I explain the sheer torture Brokerman Dan Levi has in store for me in six weeks time and give him a reason to add to that. Andalas (ADL) is utterly worthless crap and his commentary on Friday and the statement that resulted utterly stinks. Anyhow consider how he will torture me as we walk 32 miles, feel sympathy and SPONSOR ME HERE. Then I look at Paul Scott winning an award for PR and at events at Theranos and Tesla.
I wonder how the whore blogger, Fat Bastard himself, Mr Malcolm Graham Wood will explain this away as good news. After all that is what Frontera (FRR) pay him for. In essence Frontera has no cash, is burning cash and had to repay $2.891 million to death spiral provider Yorkville on 16 June. Problemo!
This podcast is not about Julie but I just pass on a conversation with a PR man for your amusement. Instead I look in detail at Autyns (AUTG), Magnolia Petroleum (MAGP and the end of its dead cat bounce, and three placings and the resultant aftermarkets: Optibiotix (OPTI), Premaitha (NIPT) and Microsaic (MSYS) and what that says about companies that can exclude Primary Bid. Is it really so bad? Finally, Paul, the idiot from Luton, has sent me £20 and 5% of Bearcast listeners have donated to the Woodlarks charity walk but 95% have not! To those who have donated I say thank you. To the rest, I know you can afford a tenner. Please follow Paul the Idiot from Luton and cough up now HERE
I explain why Steffi has been a naughty PR girl (again) as I consider Andalas (ADL) - a worthless and insolvent dog which is still not coming clean. The prize is for anyone who can explain the Online Blockchain (OBC) gibberish spouted today. It really is nonsense is it not? I also want to know how it is doing in terms of cashburn and there is no pointer to that. I look at FastJet (FJET). Its PR firm - Citigate - once tried to fight off my legitimate - and now vindicated - critique of its (lack of cash) position and its failure to answer questions by saying I was motivated by a hatred of Greeks - its PR bird being a bubble. Oh the irony. Citigate, employer of fragrant Eleni Menikou, your bosses are still free speech denying, journalist smearing wankers and your client is still fucked. I also look at Westminster (WSG) and Pantheon Resources (PANR). Right I am now off on a training walk. Brokerman Dan and I have now raised more than £5,000. We are seeking to raise £20,000 for Woodlarks. That will be a game changer for a great charity. 95% of listeners have NOT donated. To those who have I say thank you. To the rest, I know you can afford a tenner. Please cough up now HERE
Another day and another bullshit announcement from the company whose main business is issuing new shares while claiming to be an oil explorer, Frontera Resources (FRR). the timing is handy for Frontera is hosting a City presentation for mug punter Private Investors tomorrow. It all smells terribly as if more confetti is on the way. Let's start with the bullshit RNS.
A City source has revealed to me that the long serving and self serving fat cat boss of serial uber dog Arian Silver (AGQ), Mr Jim Williams is set leave the company within days. The forced departure of Williams, whose pay has been obscene in relation to the 99% shareholder wipeout which he has presided over, is a prelude to yet another fund raise.
Noting yesterday that Julie Meyer MBE had hired a new high powered lawyer (to replace the half dozen or more to whom her companies owe money for unpaid bills) I wondered why ace PR spinner Henry Gewanter did not have his name on the release. Henry has answered with a post on the article. It reads:
Well done to my friend the legendary hack, evil PR spinner and raconteur Brian Basham who managed to finish the London Marathon in 7 hours, 59 minutes and 33 seconds - I doubt I could do that today, let alone at 75.
After 16 years of missing targets and ongoing dilution, AIM listed Amur Minerals (AMC) is still nowhere near actually building its mine in Eastern Russia and still does not have a single institutional shareholder. The only folks who still believe in this stock are mug punter private investors and that means the only funding available is via bucket shops or death spirals. Right now it is the latter and hence the shares are in a steady retreat - right now just 4.5p to sell. At this rate, losing 1p a month, the shares will be trending towards zero by the summer so its time to panic and go into mega spoof.
On Thursday I ran an article suggesting that the state oil company in Georgia was going to an International Arbitration court to take acreage back from Frontera Resources (FRR) - the company's morally bankrupt PR firm Yellow Jersey and disgraced dirty tricks specialising account executive Tim Thompson declined the chance to comment. Next up Frontera lied by twitter...
Last week I suggested that grossly over-ramped AIM Bulletin Board Moron darling Frontera Resources (FRR) might be in a spot of legal bother. I did so only after giving the company's morally bankrupt PR firm Yellow Jersey and its dirty tricks disgraced account manager Tim Thompson a chance to refuse or comment. They have still declined to do so. Instead...
And so in a surprise move Mothercare (MTC) fired its CEO Mark Newton-Jones last week and replaced him with David Wood who has a great CV and is, I am sure, a terribly good fellow. We were told the same about Newton-Jones four years ago. But as with the Titanic the iceberg has already struck and it is too late.
Via, his PR man - aka the spawn of Satan - I have sent a letter to Eric Schaer the CEO of AIM superfraud MySquar (MYSQ) challenging him to deal in person, face to face with me, on April 21, with the incontrovertible evidence that his company is a fraud. I write:
Telit Communications (TCM) and its advisers, notably PR morons Adrian Duffield and Chantal Woolcock of Instinctif, really are fucktards of the highest order. They have had to correct a statement fessing up to an FCA investigation in a material way which changes its meaning. God help these clowns.
I know that MySquar (MYSQ) prefers to leak speculation and innuendo as news via the fraudsters poodle journalist of choice, Rob Terry's pal Ben Harrington, but perhaps the holocaust denying fraudsters might consider an RNS PDQ!
IQE (IQE) has, this morning, attempted to hit back at Matt Earl's devastating dossier published on Friday, HERE. The statement, crafted by evil and hugely expensive PR spinners FTI, naturally seeks to point out that Earl's Shadowfall fund is short so gains if the share price goes down. No doubt house broker Stifel which has earned millions from IQE will publish a bullish report later. Will IQE issue an RNS flagging up its COI? No. Earl himself has hit back at the hit back telling ShareProphets:
The morally bankrupt and intellectually challenged PR fucktards at Yellow Jersey, who fund their miserable existences by helping shite companies such as Frontera Resources (FRR) ramp their worthless shares, organised an investor presentation last night for the faithful. By all accounts the wine flowed freely with the morons who attended not realising who was paying for it... it was them. Waseem Shakoor who is - rightly - short, as an £81 million market cap is absurd, notes:
Oh BBMs, lap up the nonsense coming out of AIM-listed Frontera (FRR) this morning. Please buy lots of shares, for there are lots more coming. We had expected an update on the company’s work on the Ud-2 well in Georgia, but this morning’s effort offered no numbers to go on and some strange terminology.
With apologies to Douglas Adams, as long predicted here on ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) didn’t get its 2016 accounts out and the AIM Executioner has done its duty. After six months suspended, it has been given the boot.
Shares in AIM-listed Tern (TERN) seem to have stabilised after the bloodbath of last week, at 2.875p in the middle – having started last week at 4.5p and only in mid-August having completed a hugely discounted placing via Primary Bid at 6.6p. Ouch. This is all in response to the RNS last week announcing that it had signed up for death spiral funding. Yesterday, at 11am, Tern announced that was to issue 800,000 shares from the exercise of a warrant at 3p, and Alliance News picked up the story that Tern Issues New Shares Above Current Share Price To Settle Warrants. Don’t be fooled….
Yesterday's interims from BCA Marketplace (BCA) dazzled investors and the shares bounced back to 217p - almost where they were before I published THE BIG SHORT. But if you do some number crunching...
Shares in Angus Energy (ANGS) have plunged by 36% to 17.125p today after news from the Lidsey Field which cannot be described as anything other than disappointing. Hope meets reality. At some stage the same process will see shares in UK Oil & Gas (UKOG) crash. Let's start with Angus.
Strat Aero (AERO) is quite clearly insolvent. That its shares have not been suspended pending clarification is just another badge of shame for the world's most successful growth market, that is to say the AIM Casino. Today sees another pathetic attempt to sucker in mug punters to try to pump this worthless stock ahead of another bailout placing.
AIM-listed Haydale (HAYD) joined Applied Graphene (AGM) on the heavily discounted fundraising trail yesterday from the graphene sector of AIM (albeit it has other products as well). Not only has it announced its full year results to June, it offered the begging bowl at not less that 120p per share. Given that the stock closed last night at 176p, it suggests that the company was expecting a frosty reception. At the low point the stock was trading down 54.5p at 121.5p before a recovery to 125.5.
There was I thinking that I had missed the day in court of Abchurch PR supremo Julian Bosdet as he battled charges that he was driving his Range Rover back to his country pile while under the influence. Oh no...
This is non news and Optibiotix (OPTI) should fire whatever poltroons handle its PR for releasing it. Announcing guffe creates the impression that a company has nothing of substance to announce which is not the case.We, for instance, expect news of a massive Slimbiome Tata deal with hard numbers very soon.
It seems that PR firm Bell Pottinger will go into administration today and 270 folks will lose their jobs. Fear not most have already had other offers or decided to set up on their own. They saw the ship was sinking and there is no rat like a morally bankrupt PR rat in such a situation.
Tom has returned from his sabbactical and the stats speak for themselves: you people like Bearcasts. I can only imagine the plight of our readers for the past five months, fetal position on the floor, listerning to a skipping Victorola or the snow of an untuned wireless waiting for the return of Bearcast.
Top City PR Man Julian Bosdet, a senior director of of slimey and evil spinners Abchurch - PR of choice to China frauds on AIM and employer of many a posh but dim upper class twit - is on unconditional bail as he attempts to wriggle off a charge of driving his Range Rover back to his Country pile while well over the limit. His defence is based on attacking the fine and honourable men and women of the Avon & Somerset Police.
This is not the first time that Buishveld Minerals (BMN) has engaged in truly sordid and shoddy ramping to get a placing away. Perhaps you remember this expose HERE which allowed me to crack a massively tasteless joke about blow jobs. The point is that pre-placing ramping back last fall left those suckered in with a really bad taste in the mouth. Wind forward to yesterday.
Andalas Energy (ADL) and its loathsome boss Dave "the rule breaker" Whitby represent all is worst about the AIM Casino. The company is worthless and its sole achievement has been an industrial scale transfer of wealth from the many to the few. Even by its own tawdry standards yesterday was a low point and it is a matter that I shall now be asking the authoriies to investigate as, blatant, market abuse. But first we must rewind to August 8.
I have in my hand a little piece of paper which means peace in our time said Andalas (ADL) boss Dave "the rule breaker" Whitby as he announced yet another great deal for his company. But like all the other pieces of paper that he has waved in front of his labotomised army of groupies led by cardboard box dwelling sheep shagger Justin the Clown, it is just a worthless piece of paper - just like an Andalas share certificate. Hat tip to Brokerman Dan for that joke.
Five days ago someone who you would say had a career death wish, if he had actually got a career, sent me a stern lawyers letter demanding that I pull all articles on him (going back 40 months) pay him damages, never write about him again and publish a grovelling apology dictated by him. I asked you to guess who has been so daft and 92% of you got it wrong.
Our very own Gary Newman nailed this spot on at the weekend flagging up that an almighty pump in Arian Silver (AGQ) was underway. Our sober, harsh but fair coverage contrasts well with the really sordid rampfest that saw the shares pushed ahead ahead of a placing today raising £600,000 at just 0.5p.
After tearing apart this week's bogus trading statement from MySquar (MYSQ) HERE and HERE, the AIM listed POS has tried to pop up its falling share price today with another piece of PR non news. We can address that later but first I have three more questions that it can't and won't answer.
My contention, questioned by certain other well known share bloggers, is that TrakM8 (TRAK) is what Warren Buffett would define as a "bad company." That is not saying that it is a fraud. It is not, although it has told untruth's in RNS's and raised cash to buy some strange old businesses. It is bad because it just does not generate free cashflow. Paul Scott, PR crony capitalist Reg Hoare or the paid corporate shrills can bang on abourt earnings per share till the cows come home but earnings are a matter of opinion, cash is a matter of fact. Trakm8 yesterday published its, piss poor, results for the year ended 31 March 2017.
We cannot pretend that we are not a bit angry with Obtala (OBT) for the PR own goal it scored on Friday. The shares closed down 3.5% at 17.5-17.75p and are a buy at up to 20.5p but - as shareholders - we are pissed! The own goal is two fold:
Some folks are just lazy fucks. The team round at PR crony capitalists Vigo Communications who charge an arm and a leg for spinning for Sound Energy (SOU) appear to be such folks, as they put together today's disastrous press release using cut and paste. It starts "Sound Energy, the African and European focused upstream gas company, is pleased to provide an update on the drilling of the Badile exploration well, onshore Italy.". With what followed I bet the ranch that Sound was anything but pleased. Hint: the shares have crashed by 30% to 54.25p in early trade.
Late on Friday, at no-one is watching O'Clock we learned that Po Ling Low had quit as FD of AIM listed China fraud Aquatic Foods (AFG) with immediate effect. Really? It was 5.21 in London so it was 1.12 in the morning in China. Did Po really walk the plank so late in the evening. Clearly that was just another lie from this slam dunk fraud.
AIM-listed Advanced Oncotherapy(AVO) has released its final results RNS for 2016 with four days to go before deadline day Bully for Advanced. But there are no notes to the accounts and why is there no no auditor’s statement – the very things that we were looking for. What is the company hiding? We are told that the report WILL be made availlable on the website but hang on...this is crucial!
When AIM listed Mercantile Ports & Logistics (MPL) disappears up in smoke having sent tens of millions of UK Investor cash to money heaven, the stink will force Nomad Cenkos to show that it acted in a way that did not bring the Casino into disrepute, as it did when it allowed Quindell to commit wholesale fraud. Thus one shareholder, a veteran of the ports and logistics industry, is putting Cenkos on record now so that it can have no excuse at the death. letter one HERE raised clear questions of fraud. Letter two HERE showed more cases of how Mercantile misled investors. Now the shareholder has followed up again with a third letter to the head of corporate governance at Lagos Securities, Amber Wood, cc'ing in Redleaf, the PR to Mercantile as well as Quindell at the height of that fraud. Do Cenkos and fragrant Amber give a toss about clients lying to investors?
Advanced Oncotherapy (AVO) shares have fallen from a ramptastic peak of 350p to just 13.5p to sell as at last Friday. But sell you should as I explained again today HERE. The question is what will the shares be trading at ( mid) as at next Friday which is a critical deadline. What do you think? Let's gloat on the professional graves of scumbag crony capitalist Dr Michael Sinclair, arch share ramper Alan Green and PR low life Paul "Queenie" McManus. With a deadline of 7 AM Monday 26th vote now in the poll below.
Yesterday I revealed to you the 18 shares I own and thanks for all the comments. For the avoidance of doubt that portfolio started at zero four and a bit years ago and we have more than trebled our money to date. It happens. But I lied to you, the portfolio is incomplete. I own two other shares.
When AIM listed Mercantile Ports & Logistics (MPL) disappears up in smoke having sent tens of millions of UK Investor cash to money heaven, the stink will force Nomad Cenkos to show that it acted in a way that did not bring the Casino into disrepute, as it did when it allowed Quindell to commit wholesale fraud. Thus one shareholder, a veteran of the ports and logistics industry, is putting Cenkos on record now so that it can have no excuse at the death. letter one HERE raised clear questions of fraud. Now the shareholder has followed up with a second letter to the head of corporate governance at Lagos Securities, Amber Wood, cc'ing in Redleaf, the PR to Mercantile as well as Quindell at the height of that fraud.
There is clear evidence that Mercantile Ports & Logistics (MPL) has misled investors ahead of raising vast amounts of cash on the AIM Casino. Its Nomad Cenkos Securities (of Quindell infamy) appears unconcerned as long as it keeps banking the fees. When this company unravels and goes to zero as it surely will, the shameful way that Lagos Securities has brought the casino into disrepute by ignoring stacks of red flags shown to it, will surely leave it in the merde. A shareholder who happens to be a ports industry specialist has written to Cenkos’s representative for Governance matters Amber Wood (ccing in PR specialist Redleaf which also acted for the Quindell fraud). The damning letter is below. It is truly shocking...
The underlying problem with Milestone Group (MSG) is that it is a crap business that never generates any cash. Thus in order to keep CEO Deborah White in the lifestyle to which she has become accustomed and to keep paying crony capitalist advisers such as shamed PR firm Walbrook (Eden, Fusionex, Advanced Oncotherapy etc) it relies on bailout placing after bailout placing with shareholders seeing value destroyed every time.
Surprise surprise shareholders in Fusionex (FXI) voted to delist the shares from AIM. Management and stooges had the vote sown up anyway so won 85% to 15%. The shares will cease trading on 26 June. CEO Ivan Teh must have really pissed off the owners of 5.4 million shares who voted against.
This evening new LEGO Energy (LGO) boss Leo Koot will host an analysts briefing in the City on the day the company changed its name to Columbus Energy (CERP). The company has upgraded its FD and a statement issued is exceedingly upbeat. For that, as a loyal shareholder, I am glad. But the statement also contains aboslute A grade corporate gibberish/bullshit. Who is responsible for what follows? Please do not say it is Leo.
I have never seen a loan like this. It is sheer desperation from a company that faces imminent insolvency. Make no mistake, Advanced Oncotherapy (AVO) is on the way out and corporate death will occur very soon indeed.
Shares in doomed Advanced Oncotherapy (AVO) are now 15.25p to sell, compared to a 25p nominal price. That means that as death spiral provider Bracknor desperately tried to convert c£3 million on loan notes into shares to flog to eliminate its exposure under the spoof arrangement with Advanced it will demand fees of 40p for every £1 of loan note converted. As it scrambles to convert notes and flog shares before the fat lady waddles onto stage from the wings (where she is already warming up), the share price will continue to tank making things even worse. So what to do?
Hello fascist, journalist smearing, PR fecking geniuses at Citigate Dewe Rogerson, your favourite follower of the dog that is FastJet (FJET) is writing today from my home village in Greece. You have done a good job at polishing the turd that are the calendar 2016 results from Fastjet (FJET) but if folks read beyond your spin to the bottom of the statement they will realise this is a basket case and the shares - at 16p are a stonking sell - the target price is 0p.
After hours on Friday Fusionex (FXI) a company from the Norfolk province of Malaysia announced that it was planning to delist from the AIM casino. This has always been a "wrongun" and myself, Lucian Miers and the great Kevin Ashton warned you many times to sell - over the weekend I listed 11 red flags the City crony capitalists were happy to ignore. Today the shares have crashed 64% to just 46p and the rats have started to abandon ship.
At 5.30 PM on the Friday before the bank holiday, no-one is watching O'Clock, Fusionex (FXI) said that it was to delist from AIM. The shares closed the day off 2p at 129p but will absolutely crater Tuesday as this stinks as we have warned you so many times - as you can see HERE. Once again we are vindicated and the City pump & promote machine must hang its head in shame.
A chap for whom I have some time some of the time asked me why bother sticking it to Arian Silver (AGQ), a worthless piece of crap on AIM. Will it make any difference to the charade, to the game which sees userless tossers like Arian's CEO Jim Williams get ever richer, crony capitalists earn fat fees and investors get buggered again and again and again. No. My writings won't change that. And the chap is right in that it will just make a few more pathetic wretches who would rather lose money than accept the truth hate me. Yup. He is right.
Our in-house Bulletin Board Moron Wildes has his knickers in a twist claiming that our multiple scoops on the placing at UK Oil & Gas (UKOG) are in some way insider dealing and that the share price crash is down to us. Bollocks. I shall try to make this simple, so that even a simpleton can understand.
In August 2015 AIM Casino listed fraud Eden Research (EDEN) announced that it had sold a license to its long time associated company Terpenetech for £600,000. On the same day it announced that it had bought a 29% stake in (worthless) Terpenetech for £920,000 in shares. I quizzed Eden's PR man Paul "Queenie" McManus of Walbrook PR about this deal which was clearly a panama pump fraud. And Queenie lied to me.
I know I shouldn’t have too much sympathy for the retired bigots that read the Daily Mail but its recent tipping of Nektan (NKTN), which will no doubt cost its loyal readers a few quid, is yet another reason to boycott the rag.
Naughty naughty naughty. On Tuesday night Ve Interactive, the daft money guzzling new media start up into which Concha (CHA) unwisely invested on a £1 billion valuation went into administration and was at once bought ( one assumes for peanuts) by management and certain existing shareholders. Since Concha has not a lot of cash it is hard to see it being involved. But where is the statement? AIM Rules say something about timely disclosure yet we have had 24 hours with no RNS. Nope make that 36 hours...
Big Sofa (BST) is signing major deals but the clowns who manage its PR seem unable to communicate why this is so important to the market. In due course despite the manifest incompetency of Vigo Communications, a firm too cowardly and inept to answer basic questions posed by email, the truth will out and the shares will zoom. But pro tem this is frustrating.
We had already been warned that React Group (REAT) had faced one or two issues in the last financial year notably the dismal performance of the EPUK Unit. Thus results a week or so ago were not good but that should have been expected.
I have just noted that my old pal "thirsty" David Bick is doing the PR for hedge fund Crown Ocean in its battle to oust the shamed, discredited and unwanted board and management at Bowleven (BLVN). If you are in a scrap with utter scumbags having Bick on your side is no bad thing as he is the king of this form of trench warfare, gutter warfare. Team Crown issued a statement on Friday which is damning. You will remember that the management of Bowleven is still in place despite shareholders voting most of the bastards off the board and now they are trying to flog the company. Crown - quite correctly - smells a monstrous rat. It states:
Yesterday I praised Strategic Minerals (SML) for the open and honest way it described a possible deal involving a bank Letter of Credit that was yet to be signed. I did not say the shares were cheap or expensive but I offered praise - HERE. I take it all back after a ramptastic release today which sees the shares, quite rightly, 10% down at 0.825p. Scumbags.
It is not just Hart, the CEO for a few hours more at Bowleven (BLVN), but also the overpaid, inbred, upper class fuckwits at PR spinners Brunswick who view ordinary investors with unmitigated contempt. Someone leaked it to the Times this morning that Hart was to resign as boss of Bowleven after years of being paid a fortune while destroying shareholder value. If that is correct he is jumping before he is pushed at the GM, called by Crown Ocean.
I noted earlier that while most financial PR firms are so morally bankrupt they would spin for uber nonce Rolf Harris if the retainer was high enough, Tavistock PR appears to have some honour quitting as adviser to the FRAUD Cloudtag (CTAG). There are only so many lies you can put your name to I guess. But some folks want to hear lies and to reprint them, the BBMs. Please nominate the most moronic bulletin board post or tweet in the comments section below. The deadline for entries is midnight on Sunday February 26.
In the main bearcast today I touch on the Cloudtag (CTAG) fraud but that is really covered in its own bearcast HERE. I do look at RapidCloud which was suspended today and will lose its AIM listing in a month. Who warned you that this would face a "terminal conclusion" 149 days ago? Was it PR wankers Walbrook or Nomad WH Ireland or savants on the LSE Asylum? Er no, it was me HERE. I then look at Challenger (CHAL) a zero in waiting, Iofina (IOF) and IGAS (IGAS) both of which should also be zeros. I commend today's excellent piece from Nigel, the Deputy Sheriff of AIM, on the Servision (SEV) scandal HERE. I take Nomad Allenby to task for failing to comment on this and for allowing Servision to mislead mug punters. AGAIN. Finally I take apart overvalued ramp Wey Education (WEY). Its shares are up 33% today. That is a ramp not a reflection of value.
When it looks like placing ahoy, sounds like placing ahoy and smells like it is placing ahoy it usually is placing ahoy. I look at the numbers for Corero (CNS) and Amur Minerals (AMC). In this podcast threatened by the greed of morbidly obese three legged cat Oakley, I also cover NCC Group (NCC) following up from yesterday's late in the day article, Advanced Oncotherapy (AVO) Beowiulf (BEM) and TrakM8 (TRAK). I also look at the laughable PR of worthless crap company Fitbug (FITB). There is a stand alone bearcast on the joke news from Servision (SEV) HERE
January 2017 was another month of shrinkage for AIM in terms of number of companies.The absolute number was down by a net 9 from 982 to 973 companies with 1 readmission and 10 departures including the fraud African Potash (AFPO) which was relegated, in disgrace, to the NEX Markets lobster pot.
The things I do for you dear reader: go to the Spring Fair and read the Mail on Sunday. Truly what sacrifices I make. We are in the tail end of a bull market for low grade AIM stocks. So I discuss events and share price movements at Amur Minerals (AMC), Arian Silver (AGQ) with its shit head of a PR man - Nu Oil & Gas (NUOG), Cloudtag (CTAG) and the truly incestuous events at Glenwick (GWIK)
I have made it clear that the issues raised by Channel 4 with regards to the way Boohoo.com (BOO) treats warehouse staff and exploits vulnerable immigrant workers are serious. I am so shocked that I am boycotting the retailer. Ho Ho Ho - do you honestly think I have ever used it? But other real customers are enraged not just by what appears to be the unacceptable face of capitalism. Boohoo is censoring its facebook page removing any hostile comments. That in itself is seen as being shifty. Truly, Boohoo is crap at PR.
Shares in fraud Eden Research (EDEN) have raced ahead by 30% today. Some folks have been paying up to 13.5p to get onboard. There is an RNS today but that is not the reason for this folly.
I recall a couple of episodes from my time on Fleet Street demonstrating the corrupt relationship between PR firms and the press you mistakenly think you should trust. I then move on today's article by Peter Evans in the Sunday Times on the fraud Eden Research (EDEN) which, from headline to conclusion, is misleading, strewn with factual errors and omits the real story of wholesale fraud. It was clearly spoon fed by the PR man, Paul "Queenie" McManus of Walbrook and shows the press in the worst possible light. No wonder so many of us despise my profession, or at least the established dead wood press part of it, so much.
When it is described as a "corporate update". That is how Iofina's (IOF) prize piece of excrement PR person Dominic Barretto headlined yesterday's profits warning. It looked so tame why bother reading? But it was a warning and Barretto being a total wanker deliberately did not add in any hard numbers. You see he views investors with contempt. His job is to polish a turd not to inform. And boy is Iofina a turd.
I am beginning to miss Charles Clark the former CEO of Rosslyn Data Technologies ( RDT), the man who had forgoitten about his career in pornography. His successor Roger Bullen is long on the yadda, yadda, yadda in today's trading statement but misses out on what we really want to know. That is a bad sign.
"Lorne Daniel at FinnCap, PR man Reg Hoare, Nomad Ed Frisby, Broker Joanna Scott, Edison Research, Proactive Investors we have beaten them all, we have beaten them all!. Paul Scott can you hear me? Paul Scott ... your boys took a hell of a beating! Your boys took a hell of a beating!" Yes The Sheriff of AIM is again 100% vindicated and it is ouzo o'clock already thanks to dog TrakM8 (TRAK)! But where next for the shares? All is discussed in full in this bonus podcast.
In late July of this year AIM listed basket case African airline FastJet raised £15.2 muillion at 50p. Wind forward to two days ago and the shares were just 18.5p but then started falling sharply to 16p last night and this morning came the disastrous admission. Naturally there is no insider dealing on the world's most successful growth market. The shares are now 14.5p and will sink lower as it has all gone horribly wrong.
In today's podcast recorded with an audience of my Guardian reading father who is torturing me by reading out snippets from the ghastly left wing rag, I start with a look at Pantheon Resources (PANR). I then cover FastJet (FJET) - having a swipe at its smearing scumbag low-life PR fucking geniuses at Citigate Dewe Rogerson en passant - , Avocet Mining (AVM), Blenheim Natural Resources (BNR) and African Potash (FRAUD). Then it is onto Redcentric (RCN) and MXC Capital (MXCP) and the challenge for Mark Gustafson, Mr bullshitter at Challenger Acquisitions (CHAL).
The bloody postman is today's interruption. Will you sign for this crap for the chavs who live next door as they are out (again) signing on or working in the black economy? Whatever. I should charge for being the postbox for this entire street. Better still emigrate. In terms of companies I look at Laird (LRD), Motorpoint (MOTR), Strat Aero (AERO), and Mkango (MKA)
Servision (SEV) has today announced its interim results and they are dismal. The company is bust and why it's advisors (Nomad Allenby, broker Belfort Securities & PR himbo Christian Taylor Wilkinson at Cadogan Leander) do not call it a day and walk defies belief. It shows all three are morally bankrupt.The results are analysed in a bearcast special HERE. But I flag up in itw own right a loan Servision has taken from Yorkville which seems to be the new, most expensive loan , in AIM Casino history - at 33% - it is 5 percentage points dearer than the loan the FRAUD African Potash (AFPO) took out from Katrina Clayton, the wife of its FD. Frankly Servision would be better off borrowing on Christian T-W's credit card and splitting the difference.
I like Emma Kane the boss of PR agency Redleaf which is 66% owned by AIM listed Porta (PTCM) a lot, but she has a hell of a lot of explaining to do with regard to how she dumped millions of shares just days before today's diabolical results from Porta
This morning the long running saga of boardroom civil war at Galasys (GLS) finally came to a sorry end as far as its Casino listing was concerned, as the company was taken for its one-way trip to the AIM Execution chamber a month on from the resignation of its Nomad, WH Ireland. You can’t say you were not warned to steer clear on this website as long ago as last December. As yet another notch is carved on the ShareProphets’ bedpost, the ShareProphets RNS Translation Service has taken a look at this morning’s RNS from the now delisted company (original in bold)…..
Three years ago shares in AIM listed India play SKIL Ports & Logistics (SPL) were c90p. A year ago they were 40p before rallying to 85p in February 2016. On Friday they fell sharply from 22p to 20p. Did someone know something? Yes they did. At 4.32 PM, after hours, there was a shocking warning.
Pornography, naked women, sheep shagging Taffs. Actually there is nothing of the sort in this bearcast but I mention it just to annoy Kay Larsen,a prudish and stupid PR spinner for Sepura (SEPU). Kay is a really silly cow and we have crossed swords before so I rub her nose in it with her client whose statement today is a scandal. The rozzers really need to have a butchers. Then I cover Modern Water (MWG), Falcon Oil & Gas (FOG) and a trio of uber dogs with uber fleas: Blur (BLUR), Inspirit (INSP) and related party Octagonal (OCT). Then I look at Phil Edmonds creation Sable (SBLM) which is now a month away from AIM casino death. Its sister company is the fraud African Potash (AFPO) and I cover this matter in detail. It looks as if the Mrs will give birth tomorrow so if I take a break and you miss me either listen to the archive HERE or google "tourettes audio" and find something similar. Warning: this podcast contains some very bad language especially for the prude Kay Larsen.
Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog number thirteen...
So far all the rats remain on board the stinking ship of fools and fraudsters that is African Potash (AFPO). But one rat is going to jump at some stage as either the authorities prepare to swoop or the company finally runs out of other people's money. We asked who would be first to go and you said:
Things are moving fast at the fraud African Potash (AFPO). So far it has not - as threatened - instigated legal proceedings against me but in light of specific information now in my possession which is enough to see folks bunking up as Rob Terry's roomie we say bring it on. See you in Court Bitchez! We sense that some of the rats in camp Afpo are getting skittish so the question is which one abandons this sinking ship of fools and fraudsters first? You decide, please vote in our African Potash rat poll below - deadline midnight Sunday.
Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog number eleven....
Naughty naughty St Brides PR. We know that it publishes lies on behalf of the fraudsters African Potash (AFPO) both via RNS and when smearing me to moronic shareholders but its efforts on behalf of Strat Aero (AERO) today really are not very impressive. Naughty Susie Geliher who works on both accounts it really is time you had your bottom spanked.
Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog number ten....
I start with a dedication to Maurice Byrne, a friend of my family for more than 40 years, a true eccentric and a bearcast listener who sadly passed away on Thursday. I will miss him, not least as a bulwark against the raging political correctness of my family. Then I turn to Cloudtag (CTAG) and African Potash (AFPO) two companies now exposed as having lied to investors in a material way just days before placings. What does this say about investing in frauds? What does it mean for the shares and what does it mean for AIM? as the Potash story now starts to head towards the Nationals (oh yes St Brides PR brace yourselves, you can smear me but will you continue in that vein?) what happens next in both cases? Maurice would have enjoyed these battles in so many ways.
Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog number seven....
I still await a letter from lawyers to lyin' Chris Cleverley and the fraud that is AIM Casino listed African Potash (AFPO) but since the disclosure process will destroy both lyin' Chris and his company I cannot wait. Meanwhile AIM Regulation has sent a standard response acknowledging anot noting my demand that it investigates Potash and its Nomad Cantor Fitzgerald over the misleading and untruthful RNS statements of December 1 2015 and January 6 2016. I have replied to AIM Regulation putting it on notice...
African Potash (AFPO) has not put out an RNS but it has reassured Bulletin Board Morons that it is is preparing legal action against me. Great news. I cannot wait to see the bitchez in court. The disclosure process will be a hoot. I really look forward to seeing that Letter of Credit from the January 6 RNS because it DOES NOT EXIST. Disclosure here will destroy Potash so bring it on Bitchez;. The statement which PR operatives St Brides has sent to morons by email reads:
Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Day 5
In this podcast I refer to my non financial podcast today on the great Olympic Con - sport is not making Britain Great again (HERE) and also to part 4 of the new series: The Chairman's Blog by Sir Benjamin Dover HERE. Then I go onto how the corrupt financial press and PR flunkies use and abuse you as readers and investors with special reference to bank closures and Lombard Risk Management (LRM) in the Mail on Sunday and, especially, Advanced Oncotherapy (AVO) in today's Sunday Times.
Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Day 2
I have warned you repeatedly (the archive is HERE) that AIM listed Magnolia Petrooleum (MAGP) is a dog with fleas that exists merely to keep its useless board in well paid employment and to provide coke and hookers money for the crony capitalists. It will never make money for shareholders. Hence today we see a laughable bailout placing. Death is merely postponed.
AIM casino dog with fleas MySQUAR (MYSQ) has today managed a small bailout placing as it teetered on the verge orf bankruptcy just 13 months after its IPO. The roll call name of shame includes pompous PR supremo Piers Pottinger who is a NED, Nomad SP Angel, brokers Mirabaud and Belfort Securities. The shares have plunged to 4p (60% down on the IPO) but are in fact worth 0p. This is a ZERO, an AIM uber-dog. I look at the red flags, talk you through the maths and name the guilty men, the establishment fuckers, the 1% who have made money as poor old private investors took it up the jacksie again. Yes I am angry and use some bad language.
Tom Winnifrith has already quite correctly berated the Sunday Telegraph for its piece yesterday on the ongoing travails of AIM-listed Igas Energy (IGAS) and its little debt problem. The sense of desperation which saw this piece of abject puffery in a national newspaper is apparent to anyone who looks at the balance sheet, or read the comments from the company about its expected bond covenant default in the second half of this year (ie any time now). But the article reads like a dodgy RNS aimed at getting the bulletin board morons to pile in while the crony capitalists get out.
I am back in from the fields where I have been labouring in 40 degree plus heat. Today I offer a few thoughts on Circassia (CIR) and the risks folks just dont seem to appreciate of a) biotech and b) backing stock selections of star fund managers, in this case Neil Woodford - who incidentally is clearly a very talented chap. I look at Gulf Keystone (GKP), XCite Energy (XEL), China Frauds and then in some detail at Blur (BLUR). For further info on its brain dead dickhead of a PR man Dominic Barretto go HERE
Eden Research (EDEN) had results yesterday. Drunken Sailor says that BB Morons reckon that I have been warned off with legal threats and so am not saying anything. Au contraire, I just missed them. I'd love to see the Eden bitchez in court, It all ended so well for them and the 3DM motherfuckers last time they tried it on in 2005 did it not? So for the avoidance if doubt Eden's results show that it committed wholesale fraud in 2015 as is its wont, it will run out of other people's cash by Christmas 2017 and is a worthless piece of crap as I explain in the podcast. If PR oaf Paul "Queenie" McManus wants to keep briefing the morons that I am scared so be it. The facts are otherwise.
Media group Dods (DODS) has just announced its final results, confirming the positive momentum which has seen the share price increase by five-fold over just the past two years. The share price is still only a fraction of where it was 10 years ago, though, so it’s worth exploring whether the good old times might be on their way back for investors.
This morning it was announced that SDX Energy Inc (SDX) had joined the AIM Casino, to add to its TSX-V listing in Canada. Welcome to the mad-house. But reading through the admission and first day of dealings RNS a few things jump out at me. I wonder if it is already one to be avoided like the plague.