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Even a few of our detractors have now come around
In today's podcast, I discuss the FTSE 100 sliding; bitcoin's crash; Coinbase; Online Blockchain (OBC); Argo Blockchain (ARB) and 3 questions Peter Wall MUST answer; Cellular Goods (CBX), where Wall today stepped down as chair (odd timing); Verditek (VDTK); the shame of Innovate UK and ex-footballer and NFT spiv, Michael Owen; Petropavlovsk (POG); and Versarien (VRS), where a cash crisis looms. Now, to brace myself: the mother-in-law will arrive at her new home in just a few hours.
As its old auditor walked, and the new one needed more time, today’s results for the 12 months to March are unaudited interims – the prelims will be for the 18 months to 30 September. But one cannot dodge the numbers: even Neill Ricketts is forced to ‘fess that Versarien (VRS) may soon run out of other folks’ cash. Anyone holding the shares is, thus, certifiably insane.
Cliff admits he will lose, so has decently added £5 to his Rogue Bloggers for Woodlarks donation. Why not join him? Leave the 96% of listeners yet to donate, and chip in today, HERE. The bet is on Zephyr Energy (ZPHR), where Cliff is long (and wrong). I offer him the chance to double up with a bet on Wildcat Petroleum (WCAT), following its bonkers RNS yesterday. But I think he is too smart to take that. I also look at Versarien (VRS), Eden Research (EDEN), Kefi (KEFI), and Amur Minerals (AMC), on a day of water triumph at the Greek Hovel. How I wish I was there.
I start on the news from Twitter & Elon Musk. Then, I look at Wildcat Petroleum (WCAT); Novacyt (NCYT); Vast Resources (VAST); the stinking RNS from Nightcap (NGHT); and Versarien (VRS), where the TWO death spirals are starting to bite, as the cash crisis intensifies.
I start with Pure Gold (PUR) and today's utterly misleading release; the red flags do flutter in force here. The onto Kefi Minerals (KEFI), where 'arry bloody Adams does not understand why his NEDs are 100% discredited. Finally, I have two challenges for loathsome Neill Ricketts, as he steers Versarien (VRS) towards a crash landing.
Mr Westbrook is undeterred by his encounter with bully-boy charlatan, Neill Ricketts of Versarien (VRS). He has now waded into battle with SP Angel, London’s second-worst Nomad after Beaumont Cornish, on the matter of the Paragon Diamonds Scandal. Nigel and I covered this debacle at the time, making it clear that we believed Nomad Northland, now part of SP Angel, behaved disgracefully. Westbrook has fired off the letter below, which I shall now pass to AIM Regulation, asking the Oxymorons if they can explain why SP Angel still has a license to operate. Ian writes…
In the six months ended 30 September 2021, Versarien (VRS) burnt £1.11 million in operating costs and a further £1.9 million in the purchase of intangible/tangible assets. The interim results presentation indicated there was a monthly cash burn of £0.4 million, but also cited cash/headroom of £6 million, which sounds impressive. However…
I start by explaining yesterday’s late bearcast and the reason I am in such a foul mood today. Then, I look at Versarien (VRS); Fulham Shore (FUL); One True View; Eden Pharma and FCA failings; and, finally, at Victoria Oil & Gas (VOG), where I predict, at best, epic dilution.
As Q1 limps to a close, it is difficult to see clearly through the fog of war. Mindful, doubtless, of the Covid aftermath – which bottomed almost exactly two years ago and led to a spectacular rally in stocks – investors have returned, and the sell-off seems to have petered out.
Only kidding, Elric – the bit about Optibiotix (OPTI) is at the end. Before that, I discuss bear market-funding economics (it is more interesting than it sounds); c/o Luke Johnson; Russia & Ukraine; ADM Energy (ADME) and its pre-bailout-placing spoof; Vast Resources (VAST); Versarien (VRS); and then, matters to keep Mr Lemming happy.
Of course ,for the diehard cultists it will all be different this time. Or next time. Or the year after. But it will not be. A hat tip to reader G for this table of Versarien’s (VRS) track record up to the end of March 2021. When we update it with the next numbers it will look even worse.
You don’t need to be Greta, the doom Goblin, Thunberg to know that in today’s environmentally friendly RNS Reach (i.e not financially significant) announcement from Versarien (VRS), the loathsome bore Neill Ricketts is talking out of his fat posterior. Here’s why.
The gardening photos from the Welsh hovel will appear later on my own site. Before then I review the 4 retail stocks of the Lucian Miers apocalypse: Versarien (VRS), Supply@ME Capital (SYME), Eurasia (EUR) and Chill Brands (CHLL) and then my 10 stocks to collapse by Christmas. One has fallen so far it is probably not a short now though I would not buy it while three look set to go to zero, possibly as soon as next week in one case. My 10 are Supply, Chill Brands, Versarien, Avacta (AVCT), Wildcat Petroleum (WCAT), Amigo (AMGO), Cineworld (CINE), Argo Blockchain (ARB), Verditek (VDTK) and Tern (TERN). I also look at the oil price and consider whether those sitting on gains might bank a few profits.
Changing auditors for a listed public company a month before the Group’s year end isn’t a planned event as planned rotations are indicated upfront in the audit report and accounts and the notice to the Annual General Meeting. As I pointed out in my note yesterday, such a late change is indicative of a tension between the company and its auditor’s even if that does not rise to the level of the auditors saying that there are no circumstances that the auditors wish to bring to the attention of creditors.
I start with events in Ukraine and offer a few thoughts. But I also look at a few companies notably Eurasia Mining (EUA), Versarien (VRS), ADVFN (AFN) – one of which is, I think, a buy – and also, en passant, the fraud that is Supply@ME Capital (SYME) and in the context of bitcoin tanking, Argo Blockchain (ARB).
On 23 September 2021 the AGM of Versarien (VRS) voted to reappoint PWC as its auditors. Today we discover PWC has resigned and been replaced with the rather less top drawer BDO LLP. And there is more. This stinks.
Neill Ricketts of Versarien (VRS) will today be boasting of how he has settled his libel claim against Bulletin Board poster Ian Westbrook and that it is a triumph for him. Au contraire! Only now can I reveal what Ricketts really wanted out of this case.
In a long podcast I explain why the climate has changed so making it a year for the bears and then explain the common thread and individual reasons for my top ten shorts for Christmas 2022. The terrible ten are Supply@ME Capital (SYME), Tern (TERN), Avacta (AVCT), Versarien (VRS), Chill Brands (FRAUD), Amigo (AMGO),Cineworld (CINE), Argo Blockchain (ARB), Verditek (VDTK) and Wildcat Petroleum (WCAT)
Having asked for readers tips for 2022 for the prize of 1/2 litre of Tom Winnifrith’s Greek Hovel olive oil (2022 harvest) HERE, the following is the first monthly update on performance (to be eligible needed to have selected, on a once per username basis, a buy & sell pick from the LSE, AIM casino or Aquis lobster pot and the stocks not to have been suspended at the commencement of 2022)…
A rise in the shares of AIM-listed Applied Graphene (AGM) caught my eye today. Like Haydale (HAYD) and Versarien (VRS) – apparently – it is a graphene play on the world’s most successful growth market. So how is the growth here? Er…..
I name all those shareholders or their BB or Twitter names that Union Jack Oil (UJO) is using shareholder cash to troll in a most thoroughly unpleasant way as I exposed yesterday. I also comment on THG (THG), Cineworld (CINE), Tintra (TNT), Versarien (VRS) and then on the bursting of the Covid testing bubble with particular reference to Omega Diagnostics (ODX), Avacta (AVCT) and Novacyt (NCYT) which has its own BIG question to answer. Plus, of course, MyHealthChecked (MHC). I reference vaccination and covid rates in Israel in the podcast which is covered in more detail HERE.
I start with a few comments on my life as a tree hugging, green feminist and the issues that presents. Then I comment on Wildcat (WCAT) and its smearing of me in a bonkers statement. I then comment on Versarien (VRS), the Ian Westbrook case and what will cause a share price collapse this year. Then it is on to Cineworld (CINE), the Restaurant Group (RTN) and easyjet (EZJ), three end of covid plays and why they are not all the same. Finally I look at Nostra Terra Oil & Gas (NTOG) and the latest statement served up by its devoutly Christian boss and why I am not buying into it.
It is time once again for our New Year competition. There are, of course, no prizes but the kudos for the winner will be immense. The question is how many dodgy RNS announcements will there be on New Year’s Eve? Who is holding back bad news for a day when no-one is watching? Post your entries below in the comments section.
Hold the Boxing Day leftovers Dinner! I have the result of this year’s ShareProphets Red Flags at Night Christmas Sweepstakes – the question was how many dodgy company announcements would be offered up to the market on the no-one-is-watching day of Christmas Eve and this year’s competition was a nail-biter. Worse still, I nearly won – which would never do. We had predictions ranging from as low as 2 (although to be fair it was dripping in cynicism on the grounds that RNS is so “old hat”) from Jules2k6 up to 24 from BlueFrewExile. Here is my summary.
I end with a seasonal message of goodwill to all men. I start with a detailed demolition of Versarien (VRS), Deepmatter (DMTR) whose placing statement is a disgrace and finally of Love Hemp (LIFE) an Aquis dog from Peterhouse Capital where, after today, there are more red flags flying than on May Day in Moscow. It is a shocker. I also have somewhat implausible news about Central Copper Resources.
I start with Bluebird Merchant Ventures (BMV) and the FCA. Who is being a moronic fucktard today? Then some very serious number crunching on Versarien (VRS) and its looming cash crisis as the death spiral from Lanstead starts to fail. Then on why Bidstack (BIDS) has offered its long suffering sharehoders a great selling opportunity today. And a few words and questions for Lyin’ Stever Sanderson at UK Oil & Gas (UKOG) – placing ahoy!
Only kidding. These rules are bonkers. I discuss looming covid tests as I start to prepare to make my way back to Airstrip One. Then it is onto Nomad SP Angel and two of its clients, Versarien (VRS) and Union Jack Oil (UJO). Will John Meyer and his colleagues do thedecent thing for once?
The olive harvest is almost done, bearcast listener and harvester B and I finished today as the heavens opened. So I am a bit wet but it is done. More details on my own site tomorrow when I shall have a full day at my desk. Today I talk about the Government’s mad new covid laws then about how shareholders in Red Rock Resources (RRR), Union Jack Oil (UJO) and, increasingly, Tern (TERN) and Versarien (VRS) should be careful what they wish for.
Recorded from my new studio, that is to say a hired car in Greece, I start with olive harvest news then move onto Versarien (VRS), Supply@ME Capital (SYME), Guild eSports (GILD) and Argo Blockchain (ARB). Natch you’d be bonkers to own any of these four stocks.
Let’s start with a positive. Versarien (VRS) now separates its revenues and losses between graphene and non-graphene business as we have long suggested it should do. This avoids the need for Shareprophets to undertake an annual visit to Companies House to perform the analysis to reveal the low ongoing graphene sales and the scale of the losses that are being racked up in this business.
I start with Bitcoin and sleepy Joe Biden’s new legislation, the Infrastructure Bill. Then it is Versarien (VRS), Biome (BIOM) and finally more on Union Jack (UJO), before I discuss Peter Brailey’s big oil call and what that means for gold stocks and how I might adjust my SIPP.
I start with news of two birthdays. Then I look at today’s Superdry ramp from Versarien (VRS), at Wildcat (WCAT), where the FCA has already responded to my missive, and at Nightcap (NGHT) where what I have revealed today is legal but surely stinks to high heaven making the shares utterly uninvestable.
In today’s Bearcast, I ask how much would you be prepared to do to break LSE Rules to stop your company’s share price from crashing – ref Chill Brands (CHLL). I look at Versarien (VRS) and its latest spoof and the track record of it spunking your cash via Innovate UK grants. But the meat here is on HK360 Limited Brian Basham, Net Zero Infratructure (NZI), the FCA and what appears to be amassive failure of corporate governance, as outlined HERE
I am all for patience when it comes to investing, but the forbearance of small retail investors when it comes to continual promises made and broken by small and disreputable companies never ceases to amaze. Amazon and Apple are two examples, often cited by dreamers, of plucky minnows which struggled for years before exploding into being behemoths. If they can do it, the thinking seems to be, why not anyone? Give them more time and money.
I start with the two companies beginning with V and articles on this website today: Versarien (VRS) has responded, weakly to this expose. Vast Resources (VAST) cannot respond to this bombshell which exposes the cancer at the heart of AIM Regulation again and makes the shares uninvestable at any price. Then I look at Ben’s Creek (BEN), Skinbiotherapeutics (SBTX) on product launch day and at Central Copper where an IPO that should be pulled is delayed again.
The shares are today trading at 29.5p, valuing this POS at c£58 million, but are slipping gently. The reason: Versarien (VRS) the AIM listed jam tomorrow stock run by serial ramper Neill Ricketts is, according to a City source, sounding out investors about a fund raise of £30million at 18p. The rationale?
I noted yesterday that a rapid turnover of Non Execs is never a good sign. Today we discover that James Stewart CBE who joined Versarien (VRS) as its non exec chairman on June 30 last year has had enough and is leaving on December 31. His departure is a red flag, his successor is another.
A company does not have to say anything on trading, on its prospects or on other matters at an AGM but it can do so and if it has anything good at all to say you can bet the ranch, especially with smaller AIM promotes, that it will say it. And that brings us to the Versarien (VRS) AGM yesterday.
I start with one big story, the Stagecoach (SGC) & National Express (NEX) bid talks. The other big story is the word “bird” being dubbed sexist at an insane Barclays (BARC) employment tribunal which I cover HERE. I also look at Versarien (VRS) ahead of its AGM, Chill Brands (CHLL) ahead of its AGM and at regulatory issues for Eurasia (EUA) and Deepverge (DVRG) where the wrongdoing is as plain as day.
Yesterday I was reviewing Lucian Miers’ big 5 small cap shorts with the great bear over breakfast. Breakfast BTW was porridge with homemade stewed apples (from the Welsh Hovel) in cinnamon. In the podcast, I discuss last night’s culinary fare but then probe Lucian on what he sees as critical mid and end points for each of his 5 UK small cap big shorts: Tern (TERN), Versarien (VRS), Chill Brands (CHLL), Supply@ME Capital (SYME) and Eurasia Mining (EUA).
I start with what should have been Joshua’s first day at school but for the utterly inexcusable laziness of the teachers. Then I mention Versarien (VRS) before moving onto the fraud Chill Brands (CHLL), a bt of CV analysis at Nanosynth (NNN) and a discussion of the latest nonsense from Eurasia Mining (EUA) where again I compare it with Jubilee Metals (JLP).
The annual report for worthless cash-guzzling promote Versarien (VRS) came out on Friday. Hmmm just before a bank holiday weekend, a good day to bury bad news or in this case snouts in the trough and rewards for failure.
In today’s bearcast, I look at those failures in detail: Wildcat Petroleum (WCAT), Tirupati (TGR) where you might brace yourself for some language some may deem sexist and not very 2021, and Supply@ME Capital (SYME) where today’s extraordinary news really should alarm any holder. I also revisit Argo Blockchain (ARB) which has published its US listing prospectus HERE which I comment on. En passant, I look at share trading patterns in Versarien (VRS) and Chill Brands (CHLL) and what they tell us about sentiment in what were last year’s Bulletin Board darlings. They are just so 2020 aren’t they?
Another cache of emails have been delivered to Winnileaks regarding the activities of the ex copper who uses private chatrooms where folks discuss having me killed, Mr Graham Wood. As we know from previous articles, Wood is a close confidante of the loathsome Neill Ricketts, of stock-market promotion Versarien (VRS) infamy.
On Tuesday evening we reached the £20,000 target for my fundraiser to defend myself against the charges of defamation brought by Neill Ricketts of Versarien (VRS). My heartfelt thanks to all ShareProphets readers and subscribers who have pledged money or expressed their goodwill and support. It has helped sustain me through a difficult and stressful time.
Ian Westbrook is now just £800 from making loathsome Neill Ricketts of Versarien (VRS) sweat in Court in January like the pig he is. Please keep those tenners, twenties and fifties coming in HERE. I look at today’s bombshell on the fraud Supply@ME Capital (SYME) and explain why that makes it a slam dunk zero. Then it is Central Copper Resources where I am sending out numerous emails to get its AIM Sewer IPO strangled at birth.
I look at the shock suspension of trading by the FCA of City broker Pello. I look at Braveheart Investment Management (BRH) and how Trevor Brown has made £7.5 million from pump and dump while mug punters have lost up to 85% on one pump and 60% on another. Finally, tomorrow will see an explosive dossier on the fraud Supply@ME Capital (SYME). It is a zero. Meanwhile, Ian Westbrook has now raised £19,105 on the make loathsome Neill Ricketts of Versarien (VRS) sweat like a pig appeal. We need just £895 to hit target so keep those £10 and £20 donations coming HERE
I start with a discussion on the forest fires in this region of Greece then move onto the impending total humiliation of Julie “Lingerie on Expenses” Meyer after today’s shocker HERE. Then I look at Supply@ME Capital (SYME) asking if its boss owns any shares at all. He certainly does not own 26% as claimed. Then I look at the Optibiotix (OPTI) trading statement discussing it and Skinbiotherapeutics (SBTX). Finally back to a wretch: Versarien (VRS) and its shite results which show why we must get Ian Westbrook over the line – he is now, with a slightly extended deadline – just £1775 shy of making the loathsome Neill Ricketts sweat in court. Please keep giving those tenners and twenties HERE
It is hard to know where to begin with the results from Versarien (VRS) for the year to March 31 2021. They are, at every level, just utterly diabolical. However much the morally bankrupt PR spinners at Yellow Jersey – who else would act for such scoundrels – try to polish the turd, it is still a turd.
There was a large donation late yesterday and that means that brave Bulletin Board commentator Ian Westbrook, aka Club Sandwich, has now raised £18,110 of the £20,000 needed to see loathsome pig Neill Ricketts of Versarien (VRS) sweat like the AIM CEO he is with a January Court appearance. As a result…
I start with the refugees which leads nicely into the vicious and Orwellian attack by Channel 4 News on Steve Brown of Orcadian Energy (ORCA) where I am a loyal shareholder. What has happened here is a direct attack on free speech, an attack by the media itself. It is horrific. Then it is onto Versarien (VRS). Ian Westbrook may well be within £1950 of being able to make the loathsome pig Neill Ricketts sweat like an AIM CEO so with 22 hours to go, please keep donating HERE. Meanwhile, Neill is up to his old tricks of disseminating over-egged “news” via non RNS means as I expose HERE. Surely the Oxymorons must act?
Shares in Versarien (VRS) are being pumped by Bulletin Board speculation that the company has won a “major role” in HS2. If that is the case Versarien should announce the deal with hard numbers via an RNS. But it has not, it has leaked the story to “Punchline” the No 1 source of Business News in Gloucester. And then cult followers have spread the link all over the internet.
First up, thanks for all the tenners for Ian Westbrook. We still have two days to hit the £20,000 make loathsome Neill Ricketts sweat target and are now on £14,694. We are still talking to two potentially generous donors so please do keep the tenners flowing HERE to stop the Versarien (VRS) penny share huckster winning by default. Then onto lying on AIM and also covering up bad news with late releases. I look at Supply@ME Capital (SYME), Verditek (VDTK), Powerhouse Energy (PHE), Cellular Goods (CBX), Escape Hunt (ESC) and, of course, the fraud Zoetic (ZOE). The stench of chumocracy corruption is rife in the City as liars go unpunished. It is most depressing.
This is all about Ricketts who runs the worthless POS that is Versarien (VRS) trying to bully his critics into silence. Please listen and if each listener agrees that Ricketts must be stopped and donates £10 here, we will stop him. Please donate NOW!
The Bulletin Board cult followers of the dog Versarien (VRS) never look under the bonnet at hidden horrors. That is why critics such as Ian Westbrook are so useful. Ian has now raised more than 70% of the cash needed to make loathsome stock hustler Neill Ricketts sweat with a court hearing. He has six days to raise the rest. Please donate, even if it is just a tenner, HERE. If the full £20,000 is not raised you get your cash back. Please give now. So what is this little horror I have stumbled across?
At time of writing, the Versarien (VRS) share price is 29.55p, below the crucial 30p support/resistance. If it hits the low 20s or high teens in the next month or two I don’t think anybody except the die-hard bulls on ADVFN would be surprised. And the company is due to release some numbers soon, expected to continue the pattern of declining revenues and to show profitability as far away as ever. With the number of covid cases declining sharply (and very welcome it is too), the bounce in revenues from selling graphene-enhanced face nappies will prove to be very temporary indeed, I suspect.
I end with another appeal for brave Ian Westbrook. We are now just over £7,000 from making Neill Ricketts of Versarien (VRS) sweat like the loathsome pig he is. Please do donate HERE. I start with a comment on Kefi (KEFI) from the horse’s mouth, and a look at the fraud Zoetic (ZOE), Deepverge (DVRG), Moonpig (MOON), Uru Metals (URU) and the Zak Mir top of the market call.
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 shall explain why and what tomorrow. But I eat my own pudding in that I believe the recent sell off in small caps offers opportunity. But for some companies, notably those with funding issues, it could be very bad news. I discuss Supply@ME Capital (SYME), its director Mr Bull and its mother of all death spirals, Remote Monitored Systems (RMS) where the cash, its only asset of value, is disappearing fast and Versarien (VRS) where I urge you to back Ian Westbrook TODAY as its 2 death spirals really start to bite. I also comment on Predator Oil & Gas (PRD) which looks to be a can of worms and Loop Up (LOOP) where maybe I am just a bit dim but isn’t it pointless?
The Morons who believe in the cult of Neill Ricketts and the cash guzzling POS that is Versarien (VRS) think that Ian Westbrook (Club Sandwich), the Bulletin Board poster Ricketts wishes to destroy will fail to raise the £20,000 needed to keep his defence going. They are wrong. Here is one cultist posting on ADVFN today. Hap tip JD:
No sniggering at the back please. This press article from 2011, the year the loathsome Neill Ricketts founded that great British company Versarien (VRS) is presented without comment.
We have seen previously, through his emails, group chat posts and postings to ADVFN bulletin boards, how Graham Wood had many deeply “interesting” interactions with Versarien management, including CEO Neill Ricketts. It seems that as far back as May 2017 Wood ‘popped’ into the Versarien offices apparently at will whenever he was in Cheltenham (only 27 or so miles from where he lives), where he was exposed – deliberately or accidentally – to highly price-sensitive information which he then relayed to other investors in a series of thinly-disguised nudges and winks. He also openly admitted to meeting Versarien company officers for friendly little chats, relaying what they said in bulletin board posts the next day. None of this is in question, it is all backed up by his own words in verifiable emails and bulletin board posts.
Loathsome Neill Ricketts of Versarien (VRS) seems intent on destroying his Bulletin Board critic Ian Westbrook in order to preserve his good name. Really I meant that – seriously, stop sniggering at the back! But Mr Westbrook is not backing down and has hired the legal team which has helped me see off so many bullies who are working at a very reasonable rate to defend the brave Westbrook. But costs will mount up so Ian, Club Sandwich on the boards, has launched a crowdfunding operation to raise an initial £20,000. I ask of you two things:
Shoddy AIM promote Versarien (VRS) presents and markets itself as graphene led business. Its annual reports contain huge narrative detail on its graphene business but the plastics and hardware business barely get a mention (limited to a paragraph or two for each). Furthermore, its recent acquisitions being Hanwha Aerospace for £4.34 million and Gnanomat for £3.0 million were both in the graphene space and the graphene business now represent the majority of the goodwill on the balance sheet. It had a recent strategic investment by a South Korean firm called Graphene Lab. Its retail investor base is clearly focused on the potential for hockey stick growth in revenue and profits from graphene products as relentlessly promoted by loathsome CEO Neill Ricketts.
I start with a reflection on two smears from Bulletin Board Morons and about how media platforms from BBs to twitter need to respond to deal with such malice. Then a few thoughts on why the Tories are pissing off Tory voters in Chesham and elsewhere. Then I look at Versarien (VRS), Westminster Group (WSG) and at Bidstack (BIDS), breaking AIM Rules as it teeters on the edge. Oh, is that a Fat Lady I see gargling over there?
The loathsome boss of Versarien (VRS) Neill Ricketts has made what, the king of the fraudsters, my pal Sam Antar would call out as a cardinal error for a stock promoter. He has not only threatened Bulletin board critic Ian Westbrook (Club Sandwich) with a libel case, he has now lodged formal proceedings. So why is Claim Number QB-2021-002159 such a blundering mistake by the AIM boss?
Most AIM sewer companies have, perhaps, 2 Nomads every five years. Sometimes your company grows so you upgrade to a bigger firm. Or the reverse can happen. Or maybe a Nomad goes bust. Or perhaps you just have a personality clash. But to have multiple Nomads suggests something worse is afoot, that the Nomads might actually be baulking at what is going on. In that vein, consider the record of Versarien (VRS).
Oh dear, the crashing share price of Versarien (VRS) seems to be getting to its loathsome boss Neill Ricketts. He has already threatened one Bulletin Board critic with a libel action, sending the fascist lawyers letter you can see HERE. Now on twitter he appears to be threatening another as you can see below. So Neill is this just bullying by a failing CEO or will you give us all the fun of a full disclosure process by actually taking legal action? Please let it be the latter, my guess is that even you are not that stupid and it will not be.
Even at 34.1p to sell, a new low for 2021 achieved despite the raging bull market in small cap shares, Versarien (VRS) is capitalised at £66 million which for a company with negligible net cash and burning cash is a preposterous joke. Let’s start with a reminder of what fair value is…
Of course, there are some instances when it is appropriate to take legal action against some critic. If, for instance, the attacks are against wives and children, there is a threat of actual body harm or the allegations are just so outrageous (paedophilia for example) then a company might justifiably take action. But simply to bring in lawyers, who are always expensive, to try to silence someone who criticises a company’s business model, or its valuation, is a monumental red flag.
Graham Wood is the most enthusiastic shareholder in the con that is Versarien (VRS). He does not like me because I point out the lies the company told and so has discussed having me killed and was on the private chatroom which discussed how my (then pregnant) wife could be harassed at work so that she was fired. Now thanks to Neill Ricketts trying to gag a Bulletin Board critic with fascist lawyers letters, we may find out whether Wood rides solo or if he is rather more connected to Versarien than folks think.
I start with two bits of civic duty today. I end with an appeal to those of you ( 90%+) listening who are yet to donate to Rogue Bloggers for Woodlarks – we are now at over £19,000. Help us get past twenty please by giving HERE. Then I have a warning of “incoming” for loathsome Neill Ricketts at Versarien (VRS), discuss Trevor Brown and then at length Bidstack (BIDS) and its clear rule-breaking. Then Verditek (VDTK) – looking more and more a zero – Watchstone (WTG) – Quindell as was and the jail cell waiting for Rob Terry, today’s update on that.
I discuss Abi the teenage curtain twitcher snitching on me HERE and also my training walk today. Please, please, please do donate to Rogue Bloggers for Woodlarks HERE. Then into Versarien (VRS), Glaxo SmithKline (GSK), executive greed and ESG nonsense.
On the whole, it probably does make sense to avoid investing in companies run by rogues but if one is to break that rule, it pays to back a rogue who knows how to generate cash. Perhaps rogue is too strong a term for Kostyantyn Zhevago, founder and majority shareholder of Iron ore miner Ferrexpo PLC (FXPO), so let us just say he is a colourful Ukrainian entrepreneur, one of the original oligarchs who, finding himself in the right place at the right time, acquired some promising assets for a song and listed his company in London in 2007.
Tom Winnifrith has already exposed the cancer threat, discussed HERE in a 2018 scientific study, posed by wearing graphene enhanced face masks with regard to AIM-listed Versarien (VRS). But it seems that Versarien is not the only company in the firing line, for AIM-listed Haydale (HAYD) is also on the hook.
This is like admitting that I have a secret habit of watching old episodes of the Dick Emery show. I might accept that what I watch is utter rubbish, that I learn nothing from it at all and that I really should not admit it in polite society but what the hell, I am becoming addicted to Proactive’s new interviewer Katie Pilbeam whose “good news as the shares crashed” special with ScotGold (SGZ) I flagged up yesterday. Katie, ooh, you are awful… but I like you! Now she has recorded a 5 minute special with loathsome Neill Ricketts of Versarien (VRS) as you can see below.
Shares in Versarien (VRS) have been ramped, in as much as you can ramp a cash guzzling POS, on the back of its graphene enhanced face masks. But as I pointed out yesterday, there is, despite Ricketts’ misleading RNS claims, no scientific study on humans to show that they either stop one human transmitting covid to another but, worse still, there is no proof they do not harm wearers. It gets worse: there is evidence from a scientific study that they may well harm wearers which is why Spain, Ireland and Canada have already moved to ban and recall such products.
The photos will come later (not of underpants). The walk is done but I paid the penalty of ignoring Dan’s golden rule. We have now raised more than £14,000 and as you think of my pain today, will the 96% of bearcast listeners who have yet to donate please do so here. Otherwise I will talk about Dan’s underpants again. In the rest of the podcast, I take issue with ex soccer player Andrew Johnson on tax and then look in detail at the claims made by Versarien (VRS) about its graphene enhanced face nappies and why they do not stack up at two levels and, as such, why there really should be a UK product recall.
I comment on St George’s Day HERE. In a long podcast, I look at Versarien (VRS), Audioboom (BOOM) – misleading again – Bluebird Merchant Ventures (BMV), Bitcoin and Argo Blockchain (ARB), Bahamas Petroleum (BPC) and the fraud Supply@ME Capital (SYME). And we are now just three hundred quid shy of £14,000 for Rogue Bloggers for Woodlarks, please donate HERE.
Oh dear, oh dear. It never rains but it pours for loathsome Neill Ricketts, the boss of grossly overvalued AIM promote Versarien (VRS). Now realising that his attempts to gag a Bulletin Board critic will end in a humiliating climbdown, his week just got even worse news with developments in Eire. You will remember how Canada has moved to ban graphene enhanced face nappies?
I discuss that surprise windfall, the Mrs getting her jab and look at Wildcat (WCAT), MyHealthChecked (MHC), Versarien (VRS) and Vast Resources (VAST).
My video with Optibiotix (OPTI) boss Steve is with Darren and the show should go live tomorrow. But I pick up on one point and that is the behaviour of IIs vs PIs. Then with that also in mind, I look at Savannah Resources (SAV), comment on Big Sofa (BST) and then on the fun and games at Versarien (VRS) which could well bring my 0p target a lot sooner than I had thought. We have now raised more than £15,000 ( with gift aid) as the rogue bloggers for Woodlarks. Thank you to Jocelyn and Vin for two big donations today, can you please also be generous and donate HERE.
On Monday I published the fascist and third rate lawyers letter sent on behalf of loathsome Versarien (VRS) boss Neill Ricketts to a Bulletin Board critic. Ricketts has nmot got a hope in hell of winning in court and the disclosure process would ruin him and destroy Versarien. the critic knows that and so has responded to the muddle headed 12th rate lawyers acting for Ricketts. That response is below.
Yesterday I published the fascist lawyer’s letter sent by 10th tier law firm Hugh Paddison of Cheltenham and explained why on matters of libel it makes no case at all – this is merely an attempt to bully a Bulletin Board poster into silence. But it gets worse for loathsome and disgraced AIM boss Neill Ricketts.
Now this really is exciting! Back on the markets I look at Versarien (VRS) after TWO explosive exposes on this website today, Wildcat Petroleum (WCAT) St James House (SJH), Pantheon Resources (PANR) and naughty Colin Bird and Xtract Resources (XTR)
I have redacted the details of the poor man who Neill Ricketts claims has libelled him but below is the fascist lawyers letter sent on behalf of the loathsome Versarien (VRS) boss. I wonder who is paying the esteemed firm of Hugh Paddison of Cheltenham? When it comes to libel lawyers, writing as someone who has faced down Schillings and beaten Memery Crystal thrice, these clowns are not exactly new European Super League, more Vauxhall Conference.
How did Versarien (VRS) get its shares, now c40p, from 10p up to 79.5p in 2017, eneabling 4 bailout placings and offering a platform for boardroom share dumping. As history show that was a grossly inflated valuation. Thanks to Winnileaks I can reveal how.
I alluded to this earlier in the week but can now reveal that the AIM CEO going after a bulletin board critic is none other than loathsome Neill Ricketts of Versarien (VRS). The crazy thing is that this critic who was once a shareholder and big fan of loathsome Neill has, in many of the posts which Ricketts claims to be libellous said exactly what has been said on this website. Yet…
This is the take of Tweeting CEO, an occasional poster on Bulletin Boards. I do know who this poster really is and he is not an AIM CEO but talks an awful lot of sense. My own take on the deal which saw a Korean firm, Graphene Labs, invest £1.93 million to get a 2.2% stake in the Neill Rickett’s dog is HERE but here is another view:
I start with a few words on the passing of Phil the Greek of whom I was always a great fan though I remain an ardent Republican. I am sure Phil would have approved of the title of this bearcast. I look at morons and Supply@ME Capital (SYME), Versarien (VRS), Novacyt (NCYT) and Yourgene (YGEN).
I may have given the impression that Canada was a semi-socialist woke hell hole run by the biggest poltroon on this planet where within a few years the economy will be such a trainwreck that folks like Darren Atwater will be forced to eat their cats. If so, I’d like to apologise, for Canada is a progressive paradise run by a visionary statesman, Mr Justin Trudeau, who wears his Eid socks to the Pride parade, or vice versa (I forgot); a chap who is eerily reminiscent of FDR or Churchill. Where this dynamic and free nation leads, the rest of the world surely will follow which is bad news for loathsome promoter Neill Ricketts and Versarien (VRS).
I do not begrudge her earning £489 million last year but is there a social cost in how she makes her cash? I then look at the stages of the changes in the sentiment cycle with three promotes/frauds: Versarien (VRS), Zoetic (ZOE) and Supply@ME Capital (SYME). Tomorrow as you stuff your faces with Easter Eggs I plan to walk 15 miles as a Woodlarks trainer, consider my soon to be very sore feet and make a donation HERE.
As Q1 draws to a close, I have few regrets about having been inactive in the market particularly on the short side.
On Easter Sunday as you munch your way through vast amounts of chocolate, I shall be walking 15 miles in the Cheshire rain and snow for my latest Woodlarks training walk. Enjoy my suffering and please make a donation HERE. In today’s bearcast, a liars special, I discuss Versarien (VRS) – target price 0p, Verditek (VDTK), first stop target price 2p by June 30 and Supply@ME Capital (SYME) – target price 0p.
I can exclusively reveal that Neill Ricketts will be announcing later today the launch by Versarien (VRS) of a new range of graphene-enhanced CBD Range and that in order to maximise value for shareholders, this new division, Versarien Blockchain CBD, is to be spun off onto the AIM casino via a separate IPO. In terms of the cash needed for the project, Ricketts says “funding secured.”
I discuss Joshua’s future career, gooseberry planting and two discussions and missives to regulators. Then the three UK shorts of Lucian Miers: TUI (TUI), Cineworld (CINE) and Versarien (VRS). then a five figure sell in my SIPP and how the cash was redeployed with a buy to treble!
As you may imagine, I have spent a bit of time today chatting with the Police. In a bearcast with a brief interruption for this reason, I discuss Bluebird Merchant Ventures (BMV), Tern (TERN), Block Commodities (BLCC) which exposes the moral bankruptcy of those who would shut us down – Versarien (VRS) and Eurasia Mining (EUA).
Let’s be clear. Although it might be deemed best practice for a company the size of Versarien (VRS) to issue a year-end trading update, there is no legal obligation for it to do so. And the only best practice Versarien adheres to is in industrial-scale share issuance and deceptive share ramping activities. Had it won any material business at all, new contracts for graphene which actually generated real sales – as opposed to taxpayer handouts from his Tory chums – you can bet the ranch that loathsome Neill Ricketts would have been itching to shout about them via an RNS. He hasn’t so there are not any.
It greatly riled UK Oil & Gas (UKOG) owning morons that the BBC featured me heavily in an Inside Out special exposing the lies told by UK Oil & Gas. You can watch it again HERE. So here is a post from a moron @RSBElectrical from 6 September 2017. The shares were then 8p.
Thank you for all your kind emails. I shall reply to all over the weekend. I look at another Gotcha moment for me at Versarien (VRS) then with reference to Cellular Goods (CBX) I ponder whether I will stag the next pot play. I look back on another bubble and how hard it is to resist temptation.
On 21 January, joke graphene company Versarien (VRS) published interim results which misled investors as to its net debt position by classifying a £1.96 million (illegal) Government loan as a trade payable not as a loan. Having deceived folks with this presentation, loathsome boss Neill Ricketts was again selling shares, this time 1.65 million of them. Now, after I complained to the Oxymorons at AIM Regulation and hapless Nomad SP Angel of fraud MySquar infamy, Versarien has ‘fessed. But even so, it does so in a misleading and deceptive fashion reinforcing why its shares are so utterly uninvestable.
I start with the Poulden/Lenigas/Peterhouse/Mir ramp Upper Thames (UPPT). Then it is onto Ridgecrest (RDGC) where I go through the exact timeline of events and all the issues which the FCA should examine in a formal enquiry. Then I have new questions for Zoetic (ZOE) and its loathsome PR Mr Henry Halfwitted-TopHat, formerly the PR of choice to Chinese fraudsters on AIM, about District 8, the RTO and what actually happened and finally comment on the weekend analysis of Versarien (VRS). Both it and Zoetic are shares where my target remains 0p.
I start with a look at Purplebricks (PURP), my mother-in-law and Uber and a potential bombshell. Then I go onto IG Index changing its terms of trade and how this could create a bull squeeze in stocks including Versarien (VRS), Zoetic (ZOE) and Eurasia (EUA). The article I reference on my own website is HERE. And no-one has yet guessed the horse-riding person who interviewed me yesterday. It was fun.
Following on from Part 1 my analysis of the Metal and Hard Wear division, I now take a look at the Graphene and Plastics products segment of Versarien (VRS). This is the sexy bit used by loathsome Neill Ricketts and his moronic followers to justify a market cap of £88 million, at 47p. As we saw earlier, the rest of the business cannot be worth much over £3 million!.
The UK subsidiary accounts for Versarien (VRS) have finally appeared at Companies House (despite being signed on 16 November 2020) and in this deep dive note, I take look at the original trading segment of Versarien namely the Hard Wear and Metallic Products segment and update prior year note. It is, neededless to say, not impressive and showds what a con was the initial IPO in 2013.
I start with the news that we are backing Harcus Parker to get cash back for victims of Neil Woodford. Then I look at Versarien (VRS) and its new improved face nappy, at Iconic (ICON) and the madness at NightCap (NGHT) – since when is one rented London bar ( currently shut) worth £4 million? Then San Leon Energy (SLE), en passant, there is a detailed look at Symphony Environmental (SYM).
I start with today’s news from Wishbone Gold (WSBN). Despite the appointment of THIS MAN, I remain a loyal shareholder but the appointment is wrong. I can’t show a double standard here. I then look at market madness with reference to Iconic (ICON), Zoetic (ZOE), Versarien (VRS) & Eden Research (EDEN) while also discussing bottom fishing in retail after the bid interest at French Connection (FCCN).
AECOM was the arch collaboration that was going to be a company maker for sleazy Neill Ricketts and Versarien (VRS). Just look at the Bulletin Boards back in July 2019. How the morons salivated. And then last spring things were ramped up again. On February 25 2020 we were told:
It helps when shorting a company’s shares to have a tailwind and there are few more favourable tailwinds than if that company is resorting to death spiral finance. This desperate measure tells you that all normal financing options are closed to it and that realising cash at punitive and dilutive rates is the only way to survive. The reality of death spiral financing is so grim that it is little wonder that many companies attempt to obfuscate it by hoodwinking investors into thinking that the finance provider is an institution willing to invest in their shares…
To misquote Mark Antony: “I come not to bury Caesar, but to praise him”. Yesterday morning, it was announced that the odious boss of Versarien (VRS), Neill Ricketts, had sold 1.65 million shares at 53.919p. Normally you would expect me to say this was yet another red flag. But on this occasion, I do not.
The results were so shockingly bad that it is hard to see why Versarien (VRS) bothered to mislead investors. But it did and in a material way and thus I have written to the Oxymorons at AIM Regulation to flag this up and suggesting that odious Neill Ricketts and his disgraced Nomad, SP Angel of the fraud MySquar infamy, be forced to restate reissue a corrected version. The letter is below.
I have today been distracted by rising flood waters which you can see here and which I start the podcast discussing. Then it is onto Supply@ME Capital (SYME), Versarien (VRS), Argo Blockchain (ARB), Remote Monitored Systems (RMS) and Westminster Group (WSG).
You would need a Nomad without any morals whatsoever to sign off on junk like this. Luckily Versarien (VRS) employs SP Angel of the fraud MySquar infamy so that’s alright then. These, delayed, numbers for the six months to 30 September 2020 are just piss poor, and also deceptive.
I start on the Greek Albanian border in the 1970s. Then it is onto the dotcom boom in 2000 and bitcoin now and the idea of Institutional acceptance and validation. Then it is onto Versarien (VRS) and Supply@ME Capital (SYME).
Have I judged Oisin Fanning of San Leon (SLE) by a different standard to, say, Neill Ricketts of Versarien (VRS)? Sure. Would I not judge, for instance, Cheryl Cole by a different standard in the looks department than, say, Diane Abbott? Yes I would. And I bet Cheryl is also better at singing, counting and more or less everything else than Ms Abbott too. Management is key to it all in the world of investing as I discuss today.
Before we get to the most read articles, I’d like to point out my tip of the year 2021. Before you dismiss it as the ravings of a scoffer, I’d like to point out my 2020 Share Tip of the Year was Flutter (FLTR). You could have been in at 9,300p and it’s 15,110p today. My 2017 UK Investor Show tip was an eight bagger (It was Versarien (VRS), still doubled if you held it to today), and my 2018 UK Investor Show tip, Red Rock Resources (RRR), also doubled if you held it to today. And as long as you didn’t count IOMart (IOM), which I also recommended last year, you would have been quids in. Watch for my new paid newsletter on ADVFN, Random Hot Coin Flips for only £25 per month, available on the first day of the second quarter.
How many letters have I written to the Oxymorons at AIM Regulation about the lies and market abuse committed by Versarien (VRS)? To their credit, the Oxymorons have, on a number of occasions, forced Versarien to issue a new RNS fessing up to various ghastly truths so they do heed my words sometimes. Anyhow, Versarien has told another porky today and so I have written again.
Notwithstanding the receipt of an illegal Government loan from Neill Rickett’s Tory chums and the fact that it had one massive death spiral from Lanstead in place, the cash position of Versarien (VRS) has – as oft predicted here – become so grim that it has had to set up another death spiral to keep the lights on. There is also another daft acquisition which will only add to the cashburn and naturally all this bad news is wrapped up in a grotesquely misleading release which only a Nomad as bent as SP Angel, of the fraud MySquar infamy, could have signed off on.
In today’s bearcast I discuss today’s triumph against Julie “Lingerie on Expenses” Meyer, Versarien (VRS), and Anexo (ANX).
The bulls are creaming themselves. The shares up by 13% at 40p and the cult-like followers of shameless Neill Ricketts say there are now real revenues from graphene sales. But I think not. The RNS issued by Versarien (VRS) today is utterly disingenuous and no Nomad other than shamed and disgraced fraudsters fave SP Angel would have signed off on it.
On 17 April 2020, worthless AIM promote Bidstack (BIDS) published details of an “independent” study that it claimed validated its technology. Following intense pressure from ShareProphets, AIM regulation forced Bidstack to ‘fess on 27 April that the research was not at all independent but was paid for. In that light, I have written to the Oxymorons at AIM Regulation and to hapless and shamed Nomad SP Angel about the release issued by Versarien (VRS) yesterday.
Versarien (VRS) is not generating any meaningful revenues from graphene. At a PLC level it is almost out of cash & its debt facilities are almost maxed out. And so notwithstanding the fact that it already has a Lanstead death spiral in place, it needs to get a placing ahoy. Hence a release today which is almost certainly materially misleading if not a slam dunk lie.
The Mrs is about to go into the operating theatre so fingers crossed. In these strange times I am at home with Joshua watching Paw Patrol and it is a bit hard to think about shares but I comment on the Moderna Covid vaccine news, on Kefi (KEFI) and on Versarien (VRS).
In today’s bearcast I report on a sad conclusion to the story I told of the potential suicide on Saturday HERE. Then on to Avacta (AVCT) and Manolete (MANO) before considering five PI darlings which could see their shares utterly crater before I turn 53 on January 12: Supply@ME Capital (SYME), Novacyt (NCYT), Versarien (VRS), Bidstack (BIDS) and Eurasia Mining (EUA). In each case I explain the potential catalyst for the collapse.
I start with the US election and stand by my prediction, a win for Donald J Trump, but it will be close so I could well be wrong. Then it is onto Inspirit (INSP), Versarien (VRS), Amigo (AMGO) and Telit (TCM).
Shares in Versarien (VRS) have plunged from 137p when loathsome boss Neill Ricketts last made hundreds of thousands of pounds dumping stock to just 29p today as the company heads full speed towards running out of cash and a bailout placing shortly after Christmas. And as the losses for some of the cult members, who believed Ricketts promises of jam tomorrow mount, they have taken to twitter to quiz the High Priest, Ricketts, himself. His response, below, is extraordinary.
I start with a few words on my preparations for tomorrow’s funeral which will mean my absence from this site for a day. Then onto the election in America where our boy is on a bit of a roll - a full analysis of recent developments is in a special podcast HERE. Then it is on to Verditek (VDTK), Versarien (VRS), Covid shorts and longs including, sorry Three Brains, Carnival (CCL). Finally a look at grossly overvalued Mirriad (MIRI).
I start with a few notes on preparations for Thursday’s funeral following my piece on mad Covid rules and Dad’s ceremony HERE. Then I look at Verditek (VDTK) and Versarien (VRS) where the wheels realy are coming off. Then it is onto a defence of my friend Tim Blackstone and my analysis of Metals Exploration (MTL). Finally I look, in real detail (hence the length of this podcast), at Guild Esports (GILD) which was much hyped by the deadwood press at its IPO a few weeks ago partly because David Beckham was investing in it. I expose why that is so utterly misleading, Becks will make a killing from this IPO but I suggest mug punters will not. This whole thing stinks.
In March, Versarien (VRS) announced a £6 million funding facility with a supposed institutional investor, Lanstead. Thanks to my work, AIM Regulation forced it then to ‘fess that actually, if the shares stayed at 53.3p, it would realise only £5.5 million net. But they have not. So how much has the Neill Ricketts promote actually raised?
You know that if a board member farted in a positive way, shameless Neill Ricketts of Versarien (VRS) would rush to issue an RNS stressing what good news this was for his company. And that brings us to today’s AGM.
On 23 March 2020, POS AIM promote Versarien (VRS) announced “ subscription to raise £6 million”. Natch the headline was misleading and indeed Versarien was forced to issue a clarification at a later date. On 16 October, the lies started to reveal themselves big time.
Okay, I know that Neill Ricketts thinks that rules are for little people and since his Nomad is the disgraced SP Angel, which is quite happy to act for proven frauds, it probably does not care either. Maybe the Oxymorons at AIM Regulation need to whir into action?
Oh dear. The following article from the Houston Chronicle is self explanatory. Say what you like about Patrick Abbott but at least he works to generate real sales, unlike anyone still employed at Versarien’s (VRS) graphene arm. I have swapped emails with Patrick who denies all charges vehemently.
Readers may recall reading the following paragraph from a letter of 27th July by junior minister Amanda Solloway to fellow MP Bim Afolami, seeking to justify the £5 million loan made by Innovate UK to Versarien (VRS):
I am in Shipston with my father and start by discussing how I deal with phone calls here. I look at another crazy Covid story and then at Versarien (VRS), Amigo (AMGO), Vela (VELA), Falanx (FLX), Cineworld (CINE) and at a clever arb for fools like Zak Mir who believe in Supply@ME Capital (SYME), that leading enterprise from the province of Norfolk.
I am in a bit of a rush as I prepare to head to Shipston on family business. But first I have to enjoy filling skips, making jam and gin and emptying the kitchen. Then I answer Malcolm’s question on target prices with reference to two companies you know well. Then it is onto the assumption made by dim Tories like Lucy Allan MP about how all members of certain industries would thrive without lockdown. I know the industry she refers to better than anyone and she’s talking horse. The same madness is demonstrated with the way the dim Tories chuck cash at Versarien (VRS), the folly of which I expose again today HERE.
Now that Versarien (VRS) has finally published its annual report, I have had a look and drawn out a few highlights. As the subsidiary accounts are not yet filed at Companies House, it is not yet possible to perform the detailed analysis of the results to show exactly how little the Graphene sales were as I did for last year’s results showing that sales were just £26,000. However, I show below an indicative analysis by analysing the elements that Versarien does disclose and it makes for grim reading for the deluded followers of Neill Ricketts.
I have been distracted today as you can see HERE. In today’s podcast, I cover Wishbone Gold (WSBN) and Big Dave’s honesty. I look at Supply@ME Capital (SYME) and its latest dishonesty, Cineworld (CINE), Biome Technologies (BIOM) and at Versarien (VRS).
In today’s podcast, I look at Supply@ME Capital (SYME), Berkeley Energia (BKY), Novacyt (NCYT), Franchise Brands (FRAN) and also at Versarien (VRS), its loathsome boss Neill Ricketts, the death spiral provider Lanstead and what it is not telling us all.
We have already exposed the cavalier way Innovate UK has spunked taxpayer cash on Versarien (VRS) with zero accountability. Next in line seems to be Verditek (VDTK). Now I turn to Haydale Graphene (HAYD).
I start with a look at Boohoo (BOO) shares which are failing on the back of reports in a paper founded on profits from the slave trade that suppliers in Leicester are using slave labour. Then I ask whether Luke Johnson or I am more sociable and what this means about folks stopping work from home. Then onto gold stocks in general: Hummingbird (HUM), Kefi (KEFI), Red Rock Resources (RRR), and Ariana (AAU). I look at Amigo (AMGO), Attis Oil (AOGL), and finally why today’s shocking Versarien (VRS) expose really could indicate a major scandal. Footnote:
As things stand, Versarien (VRS) has drawn down the first 40% of a £5 million low interest loan from taxpayer-funded Innovate UK despite demonstrably being ineligible for what is the body’s biggest ever loan - indeed admitting in its own annual report that it breaches the eligibility criteria. That is a scandal. But I can now show why this scandal is far worse and suggests that Innovate UK hands out cash to favoured companies on an utterly indiscriminate and un-monitored manner which no assessment of whether its funding delivers any return or benefits for taxpayers. What follows is shocking. A co-conspirator has raised the issue of the illegitimate loan with Innovate UK and has this response from a Matthew Oswin:
I guess under the Tories it is about who you know, not whether you are qualified when it comes to accessing taxpayer cash. It worked for the pole dancing American bimbo who was a “close friend” of Boris when London’s Mayor and, as you can see below, with the blues in power, Neill Ricketts of Versarien (VRS) is a man well positioned to open the right doors. Today, his firm confirmed that it had received the first £1.96 million of a £5 million soft taxpayer loan from Innovate UK. Senior Tories such as Alok Sharma and Rishi Sunak were warned that Versarien did not qualify but the loan went ahead regardless. Let’s be clear this is the biggest ever loan by Innovate UK by a mile and this is pure and simple sleaze and here is why.
I discuss this ethical question as my brother in law salivates at the idea of picking up a gun and heading off to fight the invading Infidels. Should I sell Ariana (AAU) or not? I look at wider gold issues. I cover Versarien (VRS), ASOS (ASC), the so called economic recovery, and finally Verditek (VFTK) where I am vindicated by today’s fess up but it is not enough of a mea culpa, boardroom heads should be rolling. The stock is, pro tem, uninvestable.
A source who is 100% reliable tells me that the first member of the Quindell crime gang to face legal consequences will discover the good news this week. I shall keep you posted but I am in the right place to secure barrels of ouzo with which to celebrate. Elsewhere, I discuss Eqtec (ETQ) and why an eminent poster on our comments section is wrong to give it a clean bill of heath regarding its fraud. I debate valuing stocks in relation to NAV with respect to mining stocks and investment companies and I explain why it is different. I look at Cineworld (CINE) and bid rumours, Supply@ME Capital (SYME) and lunacy, and at the atrocious results from Versarien (VRS) and its startling admission re its illegal taxpayer loan. I also discuss why I am not panicking on gold and the gold shares I own.
It appears that a second charge has been registered at Companes House by taxpayer-backed Innovate UK for its £5 million loan to Versarien (VRS). This means that if Versarien defaults, taxpayers may well not get all their cash back. That on its own seems a clear breach of Innovate UK rules and a reason why this loan should not be made. But there is worse. In its quite atrocious results today, Versarien itself gives a reason for why the loan application is illegal. Lucian Miers has written to Business Secretary Alok Sharma to flag this up.
My first article about the Greek Hovel 2020 is now up and there are a stack more to follow. In today’s podast, I look at Bluebird Merchant Ventures (BMV), Hammerson (HMSO), Versarien (VRS), and Purplebricks (PURP).
To put this in context, even morally bankrupt Nomad SP Angel, the Nomad of choice for fraudsters, does not think this news is financially significant and so has forced ramping Neill Ricketts to alert his moronic investors via an RNS reach not an RNS. Natch, folks who think it’s okay to murder journalists don’t care about facts so Versarien (VRS) shares are up 12% at 46p – an £8 million increase in market cap on news that even the Nomad thinks is financially irrelevant!
My wife’s young cousin – L – and her young man will arrive shortly to our house to cat sit and the Mrs, Joshua, and I can head to the Greek Hovel. I wonder what Covid restrictions there are in Greece and how they will be applied? Here in the UK, BoJo has new rules and I ponder if they will mean the death of Cineworld (CINE). On the subject of death, I discuss Versarien (VRS) and also its moronic shareholders and why ADVFN (AFN) scores an own goal in not banning them. I look at Coro Energy (DOG) and also International Consolidated Airlines (IAG), British Airways as was.
It seems that some of Neill Ricketts’ biggest fans do not like my investigative probing into Versarien (VRS). This time they are not going after my heavily pregnant wife (as they have in the past) but after me.
There are breaches of TR1 rules and a lack of transparency on Versarien’s (VRS) cash position. We need clarity, and that clarity will demonstrate why the £5 million UK taxpayer loan is 100% illegal. I move from one dog to two others: Iconic (ICON) and Supply@ME Capital (SYME) before offering some price targets on Ariana (AAU) where I am a very happy shareholder.
I have recorded a long Coronavirus podcast on my own website HERE. On today’s podcast on shares, I look at Versarien (VRS), Supply@ME Capital (SYME), Online Blockchain (OBC) and Sound Energy (SOU) and the sordid world of the whore blogger Malcolm Graham Wood.
Yesterday I published a letter from Amanda Solloway MP, Parliamentary Under Secretary of State – Minister for Science, Research and Innovation, to fellow Tory MP Bim Afolami in which she explained why Versarien (VRS) should receive a £5 million loan from taxpayer-funded Innovate UK, its largest ever such loan. Either this is Tory sleaze, Versarien boss Neill Ricketts boasts of his visits to No 10, or Ms Solloway has been badly misled. As such, I have written to her to alert her to that possibility. The letter is below:
Thanks to Winnileaks, we have a letter from Amanda Solloway MP, Parliamentary Under Secretary of State – Minister for Science, Research and Innovation, to fellow Tory MP Bim Afolami confirming that Versarien (VRS) will get a £5 million loan from Innovate UK even though this is in clear breach of the rules. Is Ms Solloway mired in Tory sleaze or is she just thick as two short planks?…
A number of MPs have now been contacted by constituents about the £5 million loan from taxpayer-backed Innovate UK to Versarien (VRS) which appears to breach a fact of Innovate UK’s own rules. It seems that now, even chancellor Rishi Sunak is looking into the matter as the letter below demonstrates.
I start with a few words on MineProphets. I hope you all had a good time today. I end with a few words on West Ham which has brought myself and my daughter some rare joy in these past 24 hours. In between, I discuss Versarien (VRS) and also the strange case of broker Jub Cap and Chris Oil and what it says about the strange times we live in. I also discuss whether being long gold really is a crowded trade.
I have had a bad day trying to record videos for MineProphets - just 2 of a scheduled 5 completed. But they were stormers. I guess the 3 will be redone in the 4 days I have left. Anyhow it will be a great show so buy your £2.99 access (which lasts until Christmas) HERE. In today's show I discuss Versarien (VRS), Eqtec (EQT), Boohoo (BOO), Quiz (QUIZ), Photo-Me (PHTM), Supply@ME Capital (SYME) and Manolete (MANO).
Thanks to all of you who have written to your MP about the soft and, we think, illegal soft taxpayer loan to Versarien (VRS). I have an update on where at least one MP has taken it but urge you all to drop an email now using the template HERE. I also comment on my own mortality, prompted by the MCC, Big Sofa (BST), Victoria Oil & Gas (VOG), Iconic (ICON), Greatland Gold (GGP) and urge you to book your seat for July 18 and MineProphets HERE
First up I again mention booking your MineProphets tickets for July 18. I hope to have more news on speakers shortly but book ahead HERE. secondly my local MP, understandably, hates me and is not very bright so may not act on my Versarien (VRS) letter so I beg you to send one to your MP. Then I discuss Tomco (TOM), its news today and how clever I am before tackling Mosman (MSMN), as it tries a multi-currency turd polish.
I am gravely concerned about the soft loan given to Versarien (VRS) by Innovate UK. It seems to me that rules have been broken and taxpayers cash should not be used in this way. I have, therefore, written to my local MP here in Wrexham, Ms Sarah Atherton, asking her to raise this with the minister responsible, Alok Sharma as soon as possible. I urge you to copy this letter below, adapt it for your local use, and contact your MP too urging him or her to act on this matter at once.
I pointed out yesterday that £5 million of your cash as a taxpayer is going to the serial liars at Versarien (VRS) via Innovate UK when Versarien quite clearly does not qualify for such funding. I have asked Innovate boss Nigel Walker to explain this but he has declined to comment. However, as his tweets below show, Nigel has been very close to Versarien and its corpulent boss Neill Ricketts for three years.
Thanks for the kind words about looming paternity leave for an old man. Ahead of that the stench is not of nappies but of wrong doing at Versarien (VRS) and at Supply@ME Capital (SYME). I apologise to the FCA over Redcentric (RCN) and offer handy advice to Catenae (CTEA) as the share price goes bonkers. And Darren has fixed everything so please book your seat for MineProphets ( where Ariana (AAU) has just signed up) on July 18 HERE.
I realise that Versarien (VRS) boss Neill Ricketts, pictured below, is well connected in Government circles but I simply do not understand how Innovate UK has today agreed to a £5 million loan to his company. Let us be clear, this breaches its own rules. I smell a rat and wonder if Her Majesty;s Loyal opposition might wish to pursue this matter.
It was in April last year that oily Neill Ricketts first announced that Chinese Investors were going to buy new shares giving them 15% of Versarien (VRS). The shares roofed it and he dumped vast amounts at 137p - today the shares are 42p. First it was BIGT, the CIGIU and finally YG, a newly established Hong Kong entity set up to source funds working with those other companies that had no websites or offices or phone numbers. Quelle surprise! Guess what?
Jeepers he must have been sober to have fallen in love with this shite. In today's podcast I look at Versarien (VRS), TrakM8 (TRAK), ADM Energy (ADME), San Leon Energy (SLE) and Catenae (CTEA). Now go and have a butchers at MineProphets and book your ticket (just £2.99) now HERE.
Sorry this is late. I have been distracted by the mad world we live in so musing too much on www.TomWinnifrith.com and tomorrow Joshua and I try to bust out of lockdown Wales, like the - now erased from history - Dukes of Hazzard, to visit my Dad so limited copy from me then. Ahead of that I discuss Avacta (AVCT), Versarien (VRS), Sound Energy (SOU), Cineworld (CINE) whose managers I despise, and UK Oil & Gas (UKOG). Okay I am not firing Darren tonight, you can now book your MineProphets tickets HERE
The China investment into Versarien (VRS) farce began on 15 April 2019 and should have seen boas Neill Rickets sacked by now so what is meant to happen by midnight tomorrow and will we get an RNS?
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.
I start with a few words on the summer weather here in Wales. then it is on to Big Sofa (BST). Then onto a few words about Neill Ricketts, Versarien (VRS), Rolls Royce (RR.), me, Cheryl Cole and the company's latest promo video HERE. Finally, onto Wirecard a German Norfolk which tests the Roger Lawson thesis on how to deal with short sellers to destruction as it implodes.
I have no guests in this week's show which is sponsored by Open Orphan PLC (ORPH) where things look increasinly promising. Check out its new corporate presentation HERE. I start with events at Bidstack (BIDS) detailed in free to read articles HERE and HERE where one gender fluid shareholder will, I can reveal in this podcast, shortly be served by eight parties he defamed. That is 8 seperate libel cases he must fight. It should be ruinous. But why is Bidstack lying? I discuss. Then it is onto why shares in general are racing higher. Is that justified? I discuss the forthcoming Shareprophets Shares show on May 9 with its quite amazing speaker line-up. Book your ticket for 70 hours of amazing video content for just £9.99 HERE. Then I look at why Versarien (VRS) also tried to bamboozle investors over the nature of its dealings with Rolls Royce (RR). If you like this podcast and can't wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast and enjoy our cracking writen exposes and analysis every day HERE.
Firstly, thank you to those who have donated to Woodlarks as it fights for survival. I include Robert the tractor driver. If you have not donated please do so HERE. But maybe hold back a few coppers for Evil Banksta and hois colleagues in banking, I describe their suffering and how long it will last. And what the ramifications are for companies such as Restaurant Group (RTN). then I look at Open Orphan which has GOT to issue an RNS after this piece HERE. Finally a few thoughts on Versarien (VRS).
I start with a few words about how business is setting the pace on ending the Coronavirus lockdown and wonder if the Government's hand will be forced. On the subject of Covid 19 my latest podcast is live HERE and explains why I believe the Government has made the biggest blunder in history. I then reveal what Versarien (VRS) does not want you to know about its "hook up" with Rolls Royce and ask if SP Angel is earning commission on the death spiral and if so why is it not being declared? I look at Tullow (TLW), Open Orphan (ORPH), Novacyt (NCYT) and Collagen (COS). And I suggest that you really should buy a ticket to watch the greatest ever line up at a British investor show HERE.
Yes, after three weeks, I have shaved off a lockdown beard that was white, grey, black and brown and made me look like an elderly Big Issue seller. But having run out of foam i still have a dark moustache and so am now a throwback to the 1970s. The good old days. I discuss this and also the idea that we will see a dramatic post Coronavirus economic, stockmarket and oil price recovery. I look at Easyjet (EZJ), Angling Direct (ANG) - using it as a case study of how the economy really is snagged so badly - and at the scandal at Versarien (VRS) where lyin' Neill Ricketts now stands totally exposed with regards to his share dumping a year ago. Surely the regulators must act now. I discuss how James Hay are m aking my life a misery with their incompetence lover my SIPP transfer. Finally an appeal from Darren please send your views of your new home desks and the views from your window to editorial@shareprophets.com
As I noted earlier, the RNS issued by Versarien (VRS) is a shambles and opens up all sorts of questions about share dumping by boss Lyin' Neill Ricketts last April. I was set to contact AIM Regulation and the FCA about it but it seems that valiant Tim Kempster has beaten me to it. The Regulators really do need to act on this at once. Tim writes
It is like extracting teeth. Getting the proven liars at Versarien (VRS) and the morally bankrupt evil PR spinners at Yellow Jersey, of the Frontera fraud infamy, to tell the truth, the whole truth and nothing but the truth is a nightmare. And we are still not there yet. Today, however, the company has been forced to start to clarify.
In today's bearcast I start by apologising to someone who is not a pest at all. Then I again discuss Covid 19 and have another podcast on my own website up today which has some relevance to this. I look at surging markets and am sceptical, at Yourgene (YGEN), Genedrive (GDR), FastJet (FJET) and at Versarien (VRS) which has announced a big China deal which cannot be a fraud given the involvment of top nomad SP Angel in doing due diligence and honest as they come Neill Ricketts in constructing the deal.
Canaccord quit as Nomad to Versarien (VRS) partly because of the social media antics of its CEO Lyin’ Neill Ricketts. Obviously, new Nomad SP Angel does not care about that as it was happy to act for proven fraud MySquar (MYSQ). Do John Meyer and his cronies have any standards at all? And how will AIM Regulation take Neill’s latest lies
Yesterday Versarien (VRS) announced a death spiral on steroids which will only postpone bankruptcy and will see the share price shredded but the RNS was, I believe, an exercise in market manipulation and market abuse. Only a Nomad like SP Angel of the fraud MySquar infamy, could have signed off on it. I have written to the regulators demanding that, again, they take action
Versarien (VRS) this morning announced “subscription to raise £6 million”. Folks looked at the headline and the shares soared to 31p. Ha! Mugged by Ricketts again! Then they read the release. It is bullshit. Death spiral provider Lanstead is not putting up a cent up front and the total amount handed to Neill Ricketts’ bag of shite company over the next two years could well be well below its monthly cashburn! Ricketts really is the most shameless bullshitter and only scumbags like SP Angel, who took over as Nomad after Canaccord resigned, would sign off on such misleading gibberish which contains one MONSTER lie.
A new financial life support for crap companies like Versarien (VRS) today seems to have appeared in recent years in the form of an equity sharing agreement – lots of companies have done such deals with all the usual death spiral providers, hence the howls of “it’s a death spiral”. However, they are not new and there are key differences with the standard death spiral.
Last week I asked you to supply your idea of the most moronic post on the ADVFN, LSE or iii Asylums or on twitter. There were some good entries as you can see HERE but thanks to Aiminvestor for spotting this gem from the ADVFN asylum, Versarien (VRS) thread, natch, explaining why shorters should be in prison whatever they say but share rampers create wealth and should all be lauded whatever they say. Our BB of the week is “Scrutable”:
Covid 19 brings out the best in folks and the worst in folks. In that vein to lighten the mood I bring you a Bulletin Board Moron contest with a difference. Simply find the most idiotic post on the LSE, ADVFN, iii asylums or on twitter which must reference the virus and post it in the comments section below before midnight on Sunday 22 March. I challenge you to surpass this effort below, from Versarien (VRS) ramper superg on the ADVFN asylum who thinks short sellers want folks to die from the virus for their financial gain.
Tom Winnifrith writes: I apologise for a bad share tip. If it is any consolation if this goes tits up I shall be waiving goodbye to a sum well into five figures. That however is the risk of owning shares. And it is not game over.
Well here is my estimate of when and at what price. But perhaps you have a better idea and might win some Greek Hovel olive oil as a result. Let’s start with a reminder of when Versarien (VRS) runs out of cash. Methinks the maths have got worse.
It is a happy game which I have discussed with a couple of listeners. Anyhow, it just shows how data can be interpreted in so many ways. I am, you may be pleased, or maybe distressed, to hear taking steps tpo improve my chances. I then discuss the market crash and how it affects different classes of shares - the issue for us all is not whether our investments are cheap but will the equity in them survive? If the answer is YES then I suspect they are now cheap. If NO well then they are still expensive. I discuss Optibiotix (OPTI), Bidstack (BIDS), Versarien (VRS), Big Sofa (BST), Big Dish (DISH), Restaurant Group (RTN), Ascent Resources (AST), City Centre Pubs (CTC) and also why gold and gold shares are not soaring. Fear not, Malcolm Burne has the experience and the answer. They will.
I had a long chat with Lucian Miers who is right now in Cambodia ( cue cheap Gary Glitter jokes from morons on ADVFN). We discussed coronavirus and the state of the markets. What to buy in the FTSE 100 and his shorts: De la Rue (DLAR), Versarien (VRS), Easyjet (EZJ), IQE (IQE), Apple, Tesla and Purplebricks (PURP) and also the ethics of bailouts and what Governments will be allowed to do., I also comment on Finablr (FIN) and panic selling in Big Sofa (BST)
I have two guests in this week's show which is sponsored by Open Orphan PLC (ORPH) .I also discuss Coronavirus and the markets an d my own experiences as a (failed) whistleblower. My first guest is Petrick Abbott, formerly head of Versarien's US operations who sets the record straight on why he left and spills the beans on what is really happening, or not, at his old employer. Then I chat to Lucian Miers about the markets, his top 3 US shorts, Apple, NMC Health (NMC), De La Rue (DLAR), IQE (IQE), Tullow (TLW), Telit (TCM) and Versarien (VRS). I am walking 34 miles for Woodlarks with Lucian and others this June 13 and I ask you to sponsor we rogue bloggers HERE. If you like this podcast and can't wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast and enjoy our cracking writen exposes and analysis every day HERE.
Don't worry the sun will still rise tomorrow and we are not ALL going to die of Coronavirus. I discuss the oil price crash and stockmarket slump and look in particular at: Tern (TERN), Carnival (CCL), Bidstack (BIDS), Versarien (VRS), the antics of market makers, Diversified Gas & Oil (DGOC), Bahamas Petroleum (BPC), BP (BP.), Shell (RDSB), Tullow (TLW), Optibiotix (OPTI) and Premier Oil (PMO)
In today's podcast I look at Telit (TCM) whose, forced, trading statement does not stack up. I look at Finncap (FCAP) where the share price collapse is only just starting, at Bahamas Petroleum (BPC), Mirriad (MIRI) and at Versarien (VRS) and THAT INTERVIEW.
Versarien (VRS) shares raced ahead yesterday as Doc Holliday pumped away, He has now admitted that he has sold most of his stock into that pump. Suckers! Today Neill Ricketts has done an interview with IG where the questions were blowjob soft and even so the bullshitter struggled as you can see below.
Befire Versarien (VRS) owning morons get too excited I do explain what happened in full. Then it is onto Sirius Minerals (SXX) where it does seem increasingly likely that having been egged on by folks like ShareSoc, the turkeys will be voting for Christmas tomorrow. Then onto Big Dish (DISH) and comments from a chap call Mitch below my article of earlier today which show the mindset of bull market madness - I take him and those who think like him to task in a big way.
The Versarien (VRS) owning lunatic from the ADVFN Asylum cited below really does take paranoia to a new level. "infamy, infamy, they have all got it in for me". The only suerprise is that he does not mention the Jews or Mossad in his deranged post below. Anyhow can you find something even crazier on the ADVFN, iii or LSE asylums or on twitter before midnight on Sunday. If so, post it in the comments section below. But you have to beat the moronic post below:
In today's podcast I first discuss the denial of some Versarien (VRS) poltroons wilfully misquiting Patrick Abbott in the whistleblower podcast. Then I turn to what it means for a company to be insolvent and why that is not necessarily trading whilst insolvent. Finally back to Versarien and Neill Ricketts trying to silence a critic using the Police. A) given the way he eggs on the mob to harass me and my wife this is nauseating hypocrisy, b) the Police do not have a leg to stand on and I urge the critic to keep posting so the Police look like fascist arseholes, c) it shows just how desprate Lyin' Neill has become and as such this is a massive red flag.
In today's podcast I look at the overall market bloodbath asking whether we see capitulation and a buying opportunity or if things could get much worse. I look at Bidstack and the speed at which it must complete a bailout placing, at Blue Jay Mining (JAY) and the antics of its disgraced Nomad and broker SP Angel, at Versarien (VRS) and the true import of today's free podcast and finally at AFC Energy (AFC) one of the most overvalued stocks on AIM.
Sadly Lyin' Neill Ricketts of Versarien (VRS) has not been in touch about my offer to record a podcast but I have a former senior executive turned whistleblower to interview instead and I shall do that tonight and it will go live, togerher with a chat with Lucian Miers in the next edition of ShareProphets Radio out soon, Elsewhere I discuss NMC Heath (NMC) and lessons learned, Zenith Energy (ZEN) and Anglo African Oil & Gas (AAOG), whether Tullow (TLW) could be a sero, Aston Martin (AML), Cobra Resources (COBR) and finally ask when Telit (TCM) will serve up a profits warning. Surely it is due.
The FCA and AIM Regulation are now looking at Neill Ricketts claim to have sold shares to fund the building pf a laboratory at a school which has not built the lab and claims a much smaller sum is NOT coming from Neill persobnally. While the regulators deal with that act of market abuse here is another twitter lie from Ricketts.
As someone who occasionally shorts companies, particularly on AIM, my goal is to find companies which are total frauds and so their shares ultimately prove worthless and I get 100% profit. However, I also like to short what I term "stock promotions", where management and/or shareholders have used various methods to get the stock to levels which are impossible to justify. On AIM, a stock promotion can take companies which are essentially worthless to a value of several hundred million pounds, depending on the story being spun.
My guest in this week's show which is sponsored by Open Orphan PLC (ORPH) is a former editor of this website Flip Flop Ben Turney. We discuss the problems with AIM, New World Oil & Gas, Nostra Terra (NTOG), touching on the mud being slung at Ben by some folks but on the real issues that company faces, on Touchstone Exploration, Big Sofa (BST) and many other matters, notably AIM PLC director expenses. I also discuss companies who switch Nomads too often. Yes that includes Versarien (VRS) and its forced change of today. If you like this podcast and can't wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
A start with a few more thoughts about yesterday's dire warning from Versarien (VRS), going on to say why the FCA should now get involved. I explain 2 scenarios which might lead to the company going bust within weeks rather than suffering a slow death and I challenge its boss Neill Ricketts to record a podcast with me. Then, following an exchange on the comments section last night about the frauds One True View and Appbox Media I discuss common misconcepions about fraud.
I am not saying that Versarien (VRS) should be slung off the AIM Casino although it is a worthless POS heading rapidly for a cash crisis as it, again, runs out of other people’s money. However, the latest expose about the antics of its CEO Neill Ricketts makes it abundantly clear that he is not fit to run a listed PLC. Since Nomad SP Angel of MySquar infamy will act for any old fraud and does not care I have written to AIM Regulation, which yesterday- after communications from me – forced the company into a fourth fess up RNS in a little over a month - asking that it force him to stand down from the Versarien board.
