Keyword results: Sorbic

Newsboy

2016 in review: our top 30 articles and Tom's ten most read non financial pieces

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.

China Flag

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

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

Chocolate-Teapot

China AIM Frauds A problem of Regulation – Reader Comment

ShareProphets has been following the fortunes of forty companies on AIM which had China connections of one form or another – so far eighteen have departed (most of those because the Nomad resigned, others for failing to publish accounts and a small number just decided to delist). It is a shocking record, as is the aggregate share price performance of those 40. I am drawn to a reader comment from Andy (referring to one F40 member) which, I think, sums up the problem now facing the regulators.

Panda

Is the fair Isle of Jersey the preferred route for China Norfolks to get onto AIM?

Jersey Finance is terribly keen to get Chinese companies to register in Jersey and list their shares on the London Stock Exchange, notable on the AIM casino. What a marvellous set-up they offer: it is the jurisdiction of choice for corporate entities seeking to list, one fifth of Chinese companies listed in London are registered in Jersey, there is political and economic stability, a sound regulatory reputation and, of course, Jersey Finance has a representative office in Hong Kong (since 2009) just to ease things along. What’s not to like? 

Panda

The FRC pans Crowe Clark Whitehill ( audit pal of choice for the China AIM fraudster) in its latest review

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.

QPP
QPP

Get a free copy of Tom Winnifrith's 49 Red Flags dedicated to fraudster Rob Terry TODAY

Tom Winnifrith's most recent book, 49 Red Flags is dedicated to Mr Robert Simon Terry of the fraud Quindell (QPP). With the SFO and FCA now investigating Terry and Quindell, Tom's painstaking analysis was vindicated. The expulsion of Gate, Naibu and Sorbic from AIM further vindicated Tom's analysis. His most recent book is a guide to how to avoid over-promoted and fraudulent companies on AIM and the LSE. Order it today for immediate delivery of a FREE copy of "49 Red Flags".

China New Energy – another Norfolk on AIM, or just a POS?

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. 

AFG
AFG

Aquatic Foods Group plc – yet ANOTHER AIM-listed China Norfolk?

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).

JSI
JSI

Jiasen – circling the plughole of AIM Casino Death: FD Quits

China fraud Jiasen (JSI) floated at 82p a year and six days ago. The shares are now 4.5-5.25p following news that the Chief Financial Officer Kian Tan is set to walk the plank within weeks. The shares now trade on an historic yield of almost 50% and at an 80% discount to stated net cash and on a PE of 0.3 if you believe the numbers. I do not. They are pure fiction. Jiasen is circling the plughole of AIM casino death as I flagged up again yesterday HERE.

China Flag

Why the London Stock Exchange is actively recruiting more China Norfolks for AIM

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.

JQW
JQW

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

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

News from the Norfolk Province of AIM - Sorbic International plc

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.

Bearcast

Tom Winnifrith BearCast -May 7th

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

Listen to the Bearcast:
Bearcast

Tom Winnifrith Bearcast - May 1st (workers day) edition

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.

Listen to the Bearcast:
LSE
LSE

Sorbic International and Naibu – All is well on the AIM Casino, according to the London Stock Exchange

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.

Another day & Sorbic, another AIM China fraud, suspended as the claimed cash mountain disappears

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.

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