Iconic (ICON) shares have been suspended since 7 June 2021 due to the appointment of joint administrators by Toxic Dave Sefton on 4 June 2021 via his company Arch Capital Partners LLP which purchased debts and claims from Shard Capital.
Iconic (ICON) shares have been suspended since 7 June 2021 due to the appointment of administrators by Toxic Dave Sefton on 4 June 2021. The joint administrators have tried to hold a general meeting four times but each they have been adjourned with the latest adjournment being until 19 October 2021. There has been no announcement since that date.
The finances of sleazy Tim Yeo are already known to be utterly ropey so how long will it be before he is forced to dump his remaining shares in Powerhouse Energy (PHE) the ramp where he was resigned as chairman this summer after being branded as a liar who breached his fiduciary duty by a High Court judge. It gets worse as you can see in the costs order below.
Iconic (ICON) has had administrators appointed to it since 4 June at the hand of Toxic Dave Sefton and company and trading in its shares has been suspended since 7 June. On 12 August, the Administrators made the following announcement in an RNS:
I start with four companies to boycott: Octopus Energy, Grolsch, Nivea and Kopparber. Not that it will make any difference. I then battle EasyJet (EZJ) to get my own money back and discuss why i would not own its shares. Then onto Bidstack (BIDS) which will meet payroll next week but will struggle in July, Verditek (VDTK) and finally Westminster Group (WSG) run by sleazy ex Tory MP Tony Baldry of the fraud 3DM infamy.
Sleazy ex Tory MP Tim Yeo has moved the funding goalposts for the first Protos waste to power plant using the IP of Powerhouse Energy (PHE) and nobody has explained why. But this matters.
Sleazy ex Tory MP Tim Yeo has another spoof announcement at Powerhouse Energy (PHE) but we are in the late stages of a bull market so, while Yeo is clearly taking the (Greek & Hungarian ) piss, moronic mug punters have lapped it up.
Today, the oil company that toxic Dave Sefton ramped, raised funds for, did undeclared related party deals with and still owes cash to, Anglo African Oil & Gas (AAOG), was thrown off AIM as a near bankrupt shell. Last Friday, it was the turn of the other company he destroyed with related party deals, Iconic (ICON), to have news and it all reads badly for Dave. I wonder how Dave’s business partner, the Tory, Damian Collins MP feels about this. More sleaze vicar?
I start with news at the Welsh Hovel notably on the Ha Ha. More photos on a range of developments later. Then I have a quiz question for you before going onto detailed discussions on: Conduity Capital (CCAP) which I mistakenly call Continuity Capital throughout, St James House (SJH), Wildcat Petroleum (WCAT) and Verditek (VDTK) with an explicit come clean challenge for another fine upstanding ex Tory MP.
Amazingly, after all the lies, well documented on this website, that African Potash (AFPO) told before being slung off the AIM sewer and all the lies it has continued to tell under its new name of Block Commodities (BLCC) while on the joke Aquis Market, the shares remain listed. Lyin’ Chris Cleverly has, however, stepped down “to pursue other interests”. That announcement came as the company managed to find an adviser to act for it. I wonder if it was a condition.
I start with Woodlarks and the daily nag which is now underway: please give generously HERE. Then I commend to you Peter Brailey’s piece on Powerhouse Energy (PHE), sleazy Tim Yeo and VSA Resources and discuss it in more detail. Then I cover MyHealthChecked (MHC), Tungsten (TUNG) and Kanabo (KNB).
Oh dear, there has been no RNS about this but it appears that Westminster Group (WSG), the serial AIM laggard run by ex Tory MP, sleazy Tony Baldry of the fraud 3DM infamy, has been very naughty and has been slapped down by the US FDA for making untruthful covid claims on its website. Tony: you are a scumbag. This is a shocker.
This all looks fishier than a case of seven week old kippers left in the sun. You will remember that on 1 February 2021 the three patsy directors of Iconic (ICON), who were paid two hundred grand a year each to do the bidding of toxic Dave Sefton, quit before they were pushed and that day signed new contracts to work direct for toxic Dave’s Greencastle. Greencastle owned assets thanks to deals funded by Iconic in return for Iconic getting a management contract but that contract was also terminated on February 1. That should be a hanging offence but it gets worse.
How do you know when sleazy former Tory MP Tim Yeo is lying? Simple: his lips move. Let me give you an example as, the firm he chairs, Powerhouse Energy (PHE) today raised £10 million at 5.5p, a 35% discount, thanks to bucket shop broker Turner Pope. Whilst it is coke and hookers all round as Turner Pope considers its £500,000 commission, I want you to consider this statement from 9 September 2020:
This morning, with shares in Powerhouse Energy (PHE) having surged past 8p yesterday the company was forced by AIM to issue a statement:
I start with Joshua’s Advent calendar, Then it is onto tales of boardroom greed and naughtiness at Octagonal (OCT) which is to leave the AIM Cesspit. Based on what I reveal today, where do you think its cash will go? Then it is onto Verditek (VDTK), Bidstack (BIDS) and a second company run by a former Tory MP, Powerhouse Energy (PHE) where the man in charge is sleazy Tim Yeo.
Three announcements came this morning from Westminster Group (WSG), the cash-guzzling AIM promote run by sleazy ex Tory MP Tony Baldry of 3DM infamy. All add to Tom Winnifrith’s 5th rule of investing: If the porcine piece of slime Tony Baldry is involved, sell.
On Thursday I exposed how AIM promote Powerhouse Energy (PHE) had done a deal supposedly worth 100,000 Euro upfront with a company which was in fact just six weeks old and had only £100 to its name. But this con is far far worse as I can reveal today.
The latest tweet from my local Tories just pushes me too far. These folks live on another planet. I start by discussing the tweet below and why it makes me so angry. The bosses at Escape Hunt (ESC) should be, like Sarah Atherton MP (Con), be sent to the gulags of Merthyr Tydfil and I explain why. I look at UK Oil & Gas (UKOG), Red Rock Resources (RRR), Power Metal Resources (POW) and Versarien (VRS) ahead of next Tuesday.
At every step the last few days have seen Powerhouse Energy (PHE) show everything that is wrong with life among the dregs of the AIM Casino. Today a new chapter but as a reminder....
I have already shown that there are more red flags at uber dog Iconic (ICON) than in Moscow on May Day. But after taking a further review of the Prospectus issued on 25 March 2020 and recent RNS announcements I note four more for the collection. Whatever is Tory MP Damian Collins doing getting mixed up in this shit show?.
On 30 December 2019, as I highlighted in my article of the same day, toxic Dave Sefton resigned from Board of Iconic (ICON) admitting that he had become a PR liability following a series of exposes on this website about how he had used company funds at Anglo African Oil & Gas (AAOG) to benefit his private interests and had then lied about repaying those funds which he has still not done in full.Sefton is thus utterly toxic but behind the scenes and a trio of directors each earning £200,000, toxic Dave remains very much active behind the scenes at this company operating with almost no revenue and racking up steep losses.. He is involved in both Infotagion and also the London Economic deals that Iconic has announced.
Some of you fell for my April Fool - wow! thanks for the messages of congratulation! In yesterday's bearcast I argued that banks had to abandon paying dividends pro tem. Now under pressure they have agreed to do so. I now give you five little or big case studies showing why a banking crisis is inevitable. Then I look at Nostra Terra Oil & Gas (NTOG), Bluebird Merchant Ventures (BMV), where I am a very excited and supportive shareholder but think the chairman must be fired after today's news, Bidstack (BIDS), Plutus Powergen (PPG) and the associated POS companies and Westminster Group (WSG) where repellent slug and ex Tory MP Tony Baldry of 3DM infamy shows again why he is the unacceptable face of capitalism.
Powerhouse Energy (PHE) provided an interesting update on 23rd December which would see the company merge with Waste2Trricty Ltd and address one reason I called this a Sell back in August. Nice as this news was to the investment case, thie shares remain a sell.
In today's podcast I look at Brady (BRY), Westminster Group (WSG) the dog run by disgraced former Tory MP Tony Baldry of 3DM infamy, Inspirit (INSP), Koovs (KOOV), Neil Woodford dog Verseon VERS) where it must surely be almost lights out time and at IQE (IQE).
And so having promised us 2018 sales of £7.2 million and an EBITDA profit on January 29, simply to get a bailout placing away on February 8, the ghastly truth now emerges. Westminster’s (WSG) 2018 results are shite and bar an accounting fudge they would have shown the group as insolvent. Let me explain.
Roger Lawson of ShareSoc has not reacted well to yesterday's article HERE but still refuses to say how he wants me and ShareProphets to be curbed and controlled. Over to you comrade and I think you really are talking bollocks. Then it is onto Red Rock Resources (RRR), Georgian Mining (GEO) and some hard questions about potential AIM Rules breaches at Westminster Group (WSG), run by loathsome ex Tory MP Tony Baldry of 3DM infamy. I remind you to risk a milkshake from a wretched lefty and vote the right way today. And I make another plea to those bearcast listeners yet to be heros, please donate now to Rogue Bloggers for Woodlarks HERE.
If Westminster Group (WSG) was regulated by the SEC not the weedy poltroons at the FCA and the Oxymorons at AIM regulation, shamed ex Tory MP Tony Baldry of 3DM infamy would this morning be sweating like the dirty pig he is. Let me explain.
On 29 January 2019 Westminster Group (WSG) the dog chaired by ex Tory MP Tony “fatso” Baldry of 3DM infamy issued a ramptastic trading statement to ramp its shares up to 12p allowing it to do a bailout, keep the lights on, placing at 10p a few days later. Now, as it prepares for its next bailout placing we have more grim news marking the company out as utterly uninvestable. First the mess of its accounts.
In bearcast i raise unanswered questions about Westminster Group (WSG) run by smug lardarse Tony Baldry and ask how soon the next bailout placing will be and at what price. I look again at the most overvalued & over-ramped stock on AIM, Bidstack (BIDS), at BlueJay Mining (JAY) and at AO World (AO) and Purplebricks (PURP) two companies that boost profits by ripping off customers.
The behaviour of Westminster Group (WSG) chaired by disgraced ex Tory MP , Sir Tony Baldry of 3DM fraud infamy, displays everything that is worst about the AIM Cesspit. Today we have a £500,000 placing via newly appointed joint broker the low -life team at SVS. But just ten day ago it was all so different.
In today's podcast I look at Westminster Group (WSG) cursed by its association with ex Tory MP Tony Baldry of 3DM infamy, One Media (OMIP) a worse investment than a Nationwide BS savings account and now cursed with a tie up with the investment abomination that is Nicola Horlick. I also cover Andalas (ADL), shortly to be renamed PumpandDumpPLC
When a good company meets the salary expectations of “porker Baldry” of 3DM infamy as its chairman it will inevitably become a cash guzzler. When a bad company finds the loathsome lard bucket at its helm the outcome is not going to be a happy one for shareholders. And that brings us to Westminster Group (WSG) which has raised a paltry £500,000 (gross) today via seedy low grade bucket shop SVS just to keep the lights on until Christmas.
After years of earning £170,000 as a reward for being a total disaster as CEO of Pathfinder Minerals (PFP), the new board has taken just ten days to part company with Nick “not for the many but for the Trew” but massive questions remain.
Shares in Westminster Group (WSG), run by loathsome ex Tory MP slug, Tony “fatso” Baldry of 3DM infamy have slipped again to just 9.2p to sell. Those who ponied up £750,000 in the last bailout placing at 22p, less than six months ago, must by now realise that backing a Baldry run company is financial hara kiri. But things are going to get worse. You see the money's almost gone....
Say what you like about Richard Jennings of Align Research but, though he has his faults, he has made a very generous donation to the Woodlarks walk campaign and we are now 53% of the way to target. See just how generous and perhaps spare a tenner, as you consider my training walk in today's stifling heat, HERE. In the podcast I look at Great Western Mining (GWMO), Andalas (DOG), MySquar (FRAUD), IQE (IQE), Westminster Group (WSG) - run by loathsome slug and ex Tory MP Tony Baldry - and TrakM8 (TRAK).
Hooray. After this week's doorstepping and podcast special and the work back in Bristol this is a great day. I suspect it is game over and discuss the probable demise of Folli Follie. Never buy a stock on a PE of 1. Elsewhere I look at rumours concerning Nomad Northland, at Echo Energy (ECHO), the fraud MySquar (MYSQ), my letter to Julie Meyer HERE, Sound Energy (SOU), Westminster Group (WSG) - with its revolting chairman ex Tory MP Tony Baldry - and Frontera (FRR) and its latest pre placing ramp. Now come on chaps, if you enjoy bearcast - and I know 1000 of you do every day - please donate £10 NOW to the Woodlarks charity walk - HERE
As you know I do not always agree with Richard Jennings of Align Research but on the matter of Pathfinder Minerals (PFP) he is spot on and I support his efforts to oust CEO Nick Trew and toff Tory MP Sir Henry Bellingham, of 3DM infamy, 100%. Jennings has published a new letter with a dire warning to anyone prepared to back Trew & Sir Hal. Perhaps the campaign slogon for comrade Jennings should be "For the many not the Trew." Maybe that needs work? Jennings writes:
In today's bearcast I discuss the corporate history of Sir Henry Bellingham MP notably the fraud he was deeply involved with for six years - 3DM. That leaves me backing today's calls for him to resign from Pathfinder Minerals (PFP). He is a massive red flag just like ex Tory MP Tony Baldry now of Westminster (WSG) but who was also involved in the nest of vipers that was 3DM. I discuss my settlement with Roger Lawson of ShareSoc. And then I look at the bizarre share transactions at BCA Marketplace (BCA) and what they mean, i.e SELL!
At the weekend I flagged up that Westminster Group (WSG) was at death's door and needed a bailout placing ASAP. Today it announced that it has raised a paltry £750,000 gross at just 10p. Any company chaired by the loathsome ex Tory MP Tony Baldry, of 3DM infamy, is a no go for me but it seems that Mr Market agrees with the Sheriff. Here is why Baldry's Westminster is toast.
I have not taken a view on Westminster Group (WSG) to date but it has done itself no favours at all with news today that it has appointed as its new NED, Tony Baldry, the Tory MP for Banbury until 2015 and a vile pig who demonstrates everything that is so repellent about the political establishment.
Vile slug Sir Anthony Baldry, Tory MP for Banbury until May 7th has long been associated with colourful outside business interests. He was involved with the AIM fraud 3DM but his latest oriental enterprises really are the most amazing yet. Yes, Sir Tony is linked into the scandal that is AIM listed Gate Ventures (GATE). I shall demonstrate the link later but for now I shall start with a remarkable photo.
Vile slug Sir Tony Baldry will be standing down as the Tory MP for Banbury at the next election to concentrate on his extensive business interests. Baldry and I have issues to settle and Sir Tony be warned, I am now coming for you.