55 is too young to die. But sadly it appears that lawyer Gary Withey has passed away suddenly and of natural causes. He was a controversial figure but a friend of mine and a saviour of this website.
This series has gone on long enough so I’m bringing it to close this month with the biggest news relating to the ongoing moving of the goalposts at Kibo Energy (KIBO) which makes one wonder whether the flagship project in Tanzania is ever going to see the light of day.
It’s that time of the month again and with two of the seven mythical creatures proving their existence so far, I was hoping for some more progress this month from the remaining five. Alas no, just more prevarication, distraction and fund raising – how disappointing.
As Cornelius Nepos said: “After the darkness comes the light” and having been in despair last month writing June’s update, I am back to my bouncy best as Optibiotix (OPTI) has become the second Mythical Wonder to become real and in some style…..although I hope it now performs better than the first!
The extract from the Land Registry below is in the public domain and looks like a huge misunderstanding to me. Worthington (WRN) may be in administration but it seems the FCA have a few questions for its former boss Doug Ware. I am sure there is a perfectly innocent explanation for all of this.
When I started this series in January, I didn’t realise how dispiriting it would be as, yet again, my seven wannabe Loch Ness Monsters have proven to be just another set of blurry photographs of tree branches. At this rate I’m going to struggle to make it to the end of the year but at least I’m not a shareholder in any of them I guess.
It’s time for my monthly look at this motley selection of AIM wannabes. Not much to say for most of them so want to focus on the contrasting progress reports from Xtract Resources (XTR) and EVR Holdings (EVRH).
I merely report the facts. Yesterday at 9.30 AM the matched bargain market Britdaq suspended trading in Whetstone (WHET) shares. Why? Well I suspect the clue is that the FCA paid a visit to Aidan Earley. I have not been able to speak to Aidan so just lift from his own blog his account of other events which I do without comment other than to say that I feel genuinely sorry for his wife and kids as it cannot have been pleasant at all. Over to Aidan...
If you believe certain prize Bulletin Board loons the demise of Worthington PLC (WRN) was all my fault. Moreover since the company had massive asset backing I should be hung drawn and quartered. Well sorry to break the news to you chaps but the Liquidator has published his first report. The news ain't good....
It’s time for my monthly look at this motley selection of AIM wannabes. A few positive pointers but they all remain resolutely out of reach for the time being; although after a false start at Vast Resources, I sense the wonder VR app at EVR Holdings is taking the lead.
I’ve been a bit preoccupied in recent weeks with a certain fund manager so thought I should catch up with a few old friends on AIM this weekend but it transpires that not a lot has actually happened. It made me realise more than ever that AIM is much more about the travelling I hope than the arriving. Accordingly, I thought it was more appropriate to write a piece heralding the 7 Mythical Wonders of the AIM Casino instead.
Just when shareholders in Worthington (WRN) thought they would have tradeable golden tickets once again it appears that Whetstone Capital, the son of the late Old Mother, has had its NEX Markets application rejected. We had been expecting trading to start within days but Allan Biggar, the chairman of Whetstone, has posted the bad news. Mr Biggar writes:
Well I never, it appears that the Worthington (WRN) Crew has indeed listed son of Worthington (WRN)or at least has filed an admission document. It looks as if Whetsone Capital (WHET) shares will start to trade on the NEX Markets lobster pot on January 5th.
It's been a Worthington heavy week on the Bulletin Board Moron contest beat. Yet, as much as Juicin Drumroll beats that musical instrument, his nominatees didn't win yet again. Juiicin you just can't beat a Cloudtag (CTAG) moron..
Juicin Drumroll is going to accuse me of going easy on Aidan Early because he submitted a bunch of very funny moronic comments about the Worthington Newco yet he still didn't win. "Shenanigans!," I hear in the distance. "Rascality!"
I was smiling for much of yesterday having read the announcement from Monchhichi (MCC) about its proposed cancellation from AIM and a move to the Sub-Standard segment of the Main Market. Let me explain why.
It's a clear win for a bulletin board moron this week. The stupidest thing that I have read all month and I have looked at Nadine Dorries blog this month.
I started the PLC death list in June 2015 with 21 members. The aim is to pick stocks that will either go bust or get slung off the AIM Casino. Each departure requires a nreplacement. With nine new entrants today 40 names have joined this select group. So far there have been two outright failures on my part, Mariana Resources (MARL) and Jersey Oil & Gas (JOG). There was one volte face but I was ahead at volte face point and it was a great call both short and long - Wandisco (WAND), two near kills, InternetQ (INTQ) and Monitise (MONI) and thirteen slam dunk kills: Cloudtag (CTAG), Worthington (WRN), African Potash (AFPO), Jiasen (JSI), Camkids (CAMK), China Chaintek (CTAK), JQW (JQW), Afren (AFR), Daniel Stewart (DAN), Sefton (SER), Outsourcey (OUT - boy I enjoyed that one - Afriag (AFRI) and Auhua. So 13 out of 31 = 40%+ - not bad eh? Arguably that is 15 out of 31 - almost 50%! That leaves:
It's a duopoly of duds this week. What to do? There were few entries last week, which seems to show that the bulletin board posters on LSE and ADVFN and III have all been sensible and humble for the past seven days.
To end my trilogy of tenuously connected pieces, I’m taking a look at four ongoing coma-inducing delays at each of FastForward Innovations (FFWD), i3 Energy and, of course, Aidan Earley’s Newco and wonder which, if any, will win this slow and laborious race.
Well all right, this is more like it. The first non-Tom article is #1, Infrastrata – cash crunch & sack-the-board General Meeting ahoy… so it’s strategic review time!, by Steve Moore.
You really do have to feel sorry for Cynical Bear. One minute he has a fully fit squad to choose from and then one by one they drop like flies, either with fitness issues or just simply keel over. I’d been getting a bit concerned that he’d struggle to put out a full team, but out of the blue there is good news for him. No need to turn to the back pages of the tabloid press for the big stories of sporting drama, we have it all here at ShareProphets: AIM-listed Servision (SEV) is to put in a transfer request.
At last I hear you cry. It is finally here after months of foreplay - the new Newco website. Delights awaited no doubt but I wasn’t quite sure what form they were going to take. Anyway, it was with baited breath that I clicked on the address indicated in Aidan’s latest blog to ascertain what was behind those gilded gates. Noble Resolve has arrived – let’s take a look.
It’s annual appraisal time for the squad members with annual results for the year to 30 December 2016 due in for many of them by 30 April. It was always going to be the strong favourite that most would leave it to the last minute so thought I’d provide a quick summary of who announced and when and include some commentary on each.
After all the fussing and moaning about Tom leaving the site to pick olives or raise snakes or whatever it is he's doing, and following a spectacular week where the most popular story was written by yours truly, we have come to what we all expected in the first place. The number one story this week is General Election June 8th - Surely there is no doubt as to the outcome, there is no uncertainty now, written by one Tom Winnifrith.
On his blog, Aidan Earley recently denied that Newco is Flagship Global Corp, which I always thought was the most likely contender for Newco, and it may be that he is telling the truth. However, having now gained access to the pre-launch Flagship Global website, it looks incredibly likely that it is Newco or, perhaps more accurately, that it was going to be at one point. Take a look.
There were a raft of quality entries in last week's Bulletin Board Moron of the week contest sponsored by Master Investor, as you can see HERE. But the clear winner was prolific LSE moron Fonters, (submitted by Juicin Drumroll) who seems to think that those who shorted Worthington shares will find its liquidation a bad thing:
A fortnight ago, the Master Investor show turned me away from their event, to which they had invited me. This week, I received the following email:
Slowly, slowly, catchy monkey. Further to my previous piece (HERE), Aidan Earley has updated his blog this week setting out progress on the launch of Newco and the issuance of share certificates to the Worthington shareholders. To be honest, I admire his tenacity and efforts here as it appears to be quite a tortuous route and sometimes I wonder whether it would be easier to defeat the Warlock of Firetop Mountain.
In a mini-series of tales of unlikely comebacks, I covered Dukemount Capital (DKE) earlier today and now look at Path Investments (PATH), although from first glance, it looks like the only ones who are on a Path to riches here are the management team.
Well, not much comedy gold to mine this week but Aidan Earley does appear to have kept to his side of the bargain and it would be churlish for me to ignore it. Yesterday he updated the long-suffering shareholders of Worthington (WRN) on the distribution of shares in Newco. A few questions remain; nevertheless, after about two and a half years of one delay after delay, any half positive move in the right direction should be applauded. So let’s take a look.
It’s going to be a sad day when the Worthington (WRN) and Newco saga finally comes to a sorry end as it is comedy gold and Aidan Earley’s latest offering doesn’t disappoint. I thought I’d set out the full “announcement” that came out on Thursday with my commentary.
I find myself back in London ahead of a big event tonight as I explain HERE. So I am working at the pizza place now known as Wedge Issue and run by hipster Pizza Hardman Darren Atwater. It is most excellent and I commend it to you all if you are in Clerkenwell, although I am not sure I get this hipster business at all. I'm getting old. In the main podcast I look at why the LSE Asylum just does not work. In terms of stocks I cover Independent Resources (IRG), Nyota (NYO), FastForward (FFWD),Challenger (CHAL), the joke regulation one sees on the Standard List, Regency Mines (RGM) and some coal assets some folks think will go into the joke that is "New Worthington".
We start with myself and Dr Freud trying to offer helpful advice to an attractive young lady. The the podcast meanders on to Thor Mining (THOR) and I digress to an old pal whose uncle was apparently a war criminal. Then I move on to Bowleven (BLVN), 88 Energy (88E), Rose Petroleum (ROSE), Electronic Data Processing (EDP), Worthington (WRN) and pension deficits.
Aidan Earley, the long term close business partner of Craig Whyte, is suing me for £50,000 for libel because I have, he claims, damaged his good reputation as a businessman and financier. As our research team looks at the 52 UK companies where he has been involved since starting his career in 1988... well that can wait. But before Mr Earley continues with this farce I should like him to consider two emails I have received from Mr Tony Keeling... oh dear, oh dear Aidan.
Yesterday I asked the Insolvency service to open a formal enquiry into whether Mr Aidan Earley was acting as a shadow director of Worthington (WRN) at a time (when he was barred as acting as a director. If Aidan is guilty he faces up to two years in jail and could be on the hook for Worthington's liabilities (including its vast pension fund deficit) when it went bust. Time to put the Surrey mansion on the market? For I now have a killer email which I have forwarded on to the insolvency service as you can see below.
A tougher second puzzle for the day. I’m not one to buy into the conspiracy theory that Aidan and Doug are one and the same but recent antics by Aidan on his blog show that they are very much hewn from the same cloth.
I have no ambition to get embroiled in any legal battles so will be careful what I say here but I couldn’t help but comment on what looks like the new exciting chapter for Worthington (WRN) and its shareholders, namely the recent rise in the share price of the grandly named Flagship Global Corporation (FGCN: OTC Pink)
Oh happy days. It has been just over three weeks since some poltroon made my day by sending over a fascist lawyer's letter and I was starting to get bored. But here we go again: the forces of good vs stockmarket shysters inc & their bully boy lawyers. Right now I am looking after Joshua while the Mrs gets her hair cut (why that takes 135 minutes I know not) so I shall not respond in a manner which I am sure you can guess until tomorrow. So pro tem who do you think has asked to be vested with the curse of ShareProphets. Vote below with a deadline of midnight tonight:
If you want to sell shares in the fraud African Potash (AFPO) now on the NEX lobster pot, you will now get 0.03p. So the shares are now more than 99% down from the peak. So what news on trying to sue the board or the advisers at Cantor Fitzgerald to get your cash back?
There are two parts to this podcast. I start by explaining how a liquidation works with reference to the fraud Worthington (WRN). I know some of its shareholders are obsessing about this and reckon they should report me to the liquidator. Go ahead, we are already talking. Then I move onto a quite brilliant column by Luke Johnson about the myth that is the sharing new economy and specifically how it effects uber but also the media world with evil google and the bulletin boards in my sights
Yesterday I accused Aidan Earley of being an undischarged bankrupt, on the basis of two conversations with the administrator of that bankruptcy, the firm of Kingston Smith. My Earley denied that this was the case and I apologise. I was misinformed. Mr Earley is in fact a (twice) discharged bankrupt. Aidan I am sorry. If I make a factual error I always apologise and run a correction..
On 10th January the convicted felon, serial liar,, bankrupt and man banned from being a company director after the Wood Hall fiasco, Mr Aidan Earley instructed his lawyer to write a menacing missive to me (at the wrong address.). Today I have replied. I will not be removing evidence of the Worthington (WRN) fraud as Mr Earley wishes, if needs be I shall the bitchez in Court and - like last time - win. My letter, sent just now, and the letter sent by Earley's lawyer are below.
We are delighted to announce that UK Investor Show will be running two new sessions covering two companies of massive investor interest. The show takes place on April 1 (no joke) in London and already boasts a top panel of keynote speakers including Britain's Buffett Nigel Wray, top fund manager Mark Slater, the Queen of Tech Vin Murria, the UK's top share blogger Paul Scott and the UK's oldest fund manager as well as top bears Lucian Miers, Matt Earl and from New York Gabriel Grego and the Sheriff of AIM, Tom Winnifrith.
One of the comments made by bulletin board/Twitter morons that I always find mystifying is: "Oh, you guys are just trying to get page views."
This gets more surreal by the day. Yesterday I spoke to the official liquidator who is dealing with the Worthington (WRN) case. He is rapidly getting up to speed and will be speaking to "other agencies" about what went on. A full report explaining why the company went bust will be produced and it will be naming the director and shadow directors if they are found wanting. Indeed it may be used as supporting evidence if and when other agencies pursue this matter. The bad news...
ShareProphets AIM-China Filthy Forty purveyor of biblical plagues Asian Citrus Holdings (ACHL) has updated on the long saga of its audit investigation into allegations which suggest fraud. It seems there is little progress, if any, to report as the company hurtles towards the six month mark in suspension from trading, and execution under AIM Rules 41.
I am watching high quality TV like Midsomer Murders as the Mrs is away. I am bombarded with adverts for online fashion and holiday booking and am terribly confused - I need health guru Paul Scott to help explain what is going on as something is just not right. Then I look at when the criminal gangs at Quindell (QPP), Globo (GBO) and Worthington (WRN) will face justice. At least one might be in 2017. And I ask why Cloudtag (CTAG) morons want to send cash to a convicted criminal who appears to be living in a £3 million house despite BOTH he and his wife going through bankruptcty. It's all very odd.
Convicted criminal, multiple bankrupt and barred company director Aidan Earley claims I brought the firm of Worthington (WRN) - of which he was a shadow director and which is now in liquidation - to its knees. But here is an odd factoid the criminal pea-brained shithead, who is now the pin up boy of Cloudtag morons, ignores.
As today is New Year's Day, there is nothing to do but reflect on our activities of the past year and anticipate the adventures of the next. Starting Tuesday, we'll be back full time, although we have a few surprises planned for Monday, Quixotically jousting the windmills of AIM but for today, Happy New Year to you and your familes.
I start with thanks for all the offers of support in dealing with the criminal poltroon Aidan Earley of Worthington (WRN) - now in liquidation - infamy. I then look at Advanced Oncotherapy (AVO) and the questions it is NOT answering. Then I touch on Audioboom (BOOM) before going onto Parallel Media (PAA) before ending up with the basket case that is Inspirit Energy(INSP), its bleak future and its links to the Teathers Financial (TEA) scandal. Finally I brace myself for a night of woe tomorrow.
Honestly you could not make this up. Convicted felon & libeller Aidan Earley, of Worthington (WRN) - now in liquidation - infamy, has responded to his new found fans, largely Cloudtag (CTAG) owning morons, by setting up a crowdfunding appeal to help fight me in the Courts. Used to chucking their moiney down the pan so far, 28 morons have sent £1,114 to Mr Earley. He won't believe his luck in finding folks who are so stupid.
Convicted criminal Aiden Earley has today sent a lawyers letter to ADVFN (AFN) threatening it, unless it removes posts made by certain individuals within 48 hours. The insurance policy ADVFN has is standard for Bulletin Boards and means that it is almost certain to remove the posts even though it knows that they are not defamatory in any way shape or form. So much for free speech in the UK.
Oh dear, Oh dear. The end is not only nigh it has arrived for the fraud Worthington (WRN). On 19 December it appealed against the Court Order putting it into liquidation. The case was held at what convicted criminal Aidan must regard as his home from home, the High Court.
As Worthington (WRN) heads into administration, Craig Whyte's long term business partner Aidan Earley is trying to blame the media and especially me. He also says that there are questions over an insurance claim and my involvement in a £40 million City fire which is odd as the start of the fire was caught on CCTV and so there are no questions at all. So in honour of the libeller of the week...
Happy Christmas One and all. This podcast follows on from A-E HERE, F-J HERE, K-O HERE and P to T HERE. Okay I cheat a bit here but with these letters it is tough but, inter alia, I cover: the USM, Uramin - my old pal Jim Mellon's company, United Cacao (CHOC), Worthington (WRN), the three Ex's , Xcite Energy (XEL), Xtract Resources (CTR), Yolo Leisure (YOLO), Zeus Capital and the late lamented Gable (GAH)
The fraud Worthington (WRN) where ex prisoner Aidan Earley has now exposed himself as a shadow director, went into liquidation on November 21. So why have the shares not been slung off the Official List by the UKLA, part of the FCA? I talked to the FCA last week.
This week was always going to be a good week for a Sub-Standard Shocker XI or two to release some news and Levrett (LVRT) didn’t disappoint (well it did but you know what I mean) with the release of its interims this morning. Guess what - the cash has almost run out already!
As the year draws to a close it is only natural that we look back on the past twelve months. And it has been twelve months of achievement. It is a great achievement in that our writers have continued to write exactly what they want without any editorial interference. So Cynical Bear & Gary Newman have knocked shares I own. So what? We really do support free speech. And it has been a year when we have "dealt with" more frauds and lies on the AIM casino and the main market than ever before. That really is the USP of ShareProphets.
The increasingly deranged ramblings of convicted criminal Aidan Earley of Worthington (WRN) infamy get more bizarre with the poor man now going into bat on behalf of Cloudtag (CTAG). Poor Amit Ben Haim, with friends like this no wonder his shares are tanking.
And on the second day in the town of Banstead in the province of Norfolk, Jesus led his disciples into the Temple. And the money changers in the Temple were filled with a great fear, having heard tidings from the shepherds that Jesus had driven their trade from the Temple in Jerusalem.
I am not in the best of moods today. But that is not the fault of JK Rowling as her film (see yesterday) was actually not bad. In the firing line a detailed look at Avanti Communications (AVN), a lot of questions about the Worthington (WRN) fraud now in liquidation and questions for the FCA/UKLA about that. I look at Cloudtag (CTAG) another fraud and another zero in waiting, at 1Spatial (SPA) and at the bastards at Mkango (MKA) - and how they legged over punters at the Mining Maven seminar. The bastards.
Convicted felon Aidan Earley who is banned from being a company director last week fessed up to intimate involvement in Worthington (WRN), the fraud now being run by an administrator. He also libelled me suggesting, inter alia, that I may have been involved in a £40 million insurance scam and fire even though CCTV and other documentary evidence shows that was not the case. So what makes Aidan tick. Watch him in action at a UK Investor show and judge for yourself...
I start with the kerfuffle over Aiden Earley of Worthington (WRN) infamy. I described earlier how he has libelled me but is threatening me with legal action. He has lost the plot and I am now talking to my lawyer about dealing with this irritant proactively as I explain in the podcast. Then I discuss why it is better to travel than to arrive and a Red Flag that links Sefton (SER) and Cloudtag (CTAG)
Boy was the competition fierce. Those looking to hoover up African Potash before suspension on the AIM Casino, those Worthington believers all gave it their best but it was the Cloudtag loons wot won it. You can see many splendid nominations for our BB Moron of the week contest here. But the winner is, again, supplied by Juicin Drumroll with a celeb posting on the LSE Asylum from the ramper in chief.
Well, well, well. The Cloudtag (#CTAG) saga has not just whipsawed through the wallets of slackjawed investors, it has upturned this weekly feature. A feature, for the first time since the creation of this list, has made it to #4 without being written by Tom Winnifrith. Behold Is CloudTag sitting on a price-sensitive conversion notice? by Cynical Bear.
Rain stopped play at the Greek Hovel olive harvest as I report in a new photo article HERE. So is a computer work day. A BB Moron is boasting that I have gone quiet on Worthington (WRN) and won't call it a fraud, on legal advice. Let me put him straight in this podcast. I comment on Italy and then it is onto Red Rock Resources (RRR) and Sports Direct (SPD) and the issue of buying shares in companies with, er..controversial bosses. I discuss both in detail.
Naturally it is the Cloudtag (CTAG) morons who provided us with the most sport in the week gone by. But in case you think that Cloudtag threads are the only place to search for lunacy - other than comments by our very own Wildes on his beloved LGO Energy & FastJet - think again. There are always those holding golden tickets in Worthington (WRN) who know who is to blame for its problems: criminal Tom Winnifrith. Whatever.. There were stacks of good entries in last week's contest as you can see HERE but the joint winners are:
I am utterly wiped out after day one of what looks like being a cracking harvest. A full photo report is HERE. In the podcast I discuss votes tomorrow in Austria and Italy and what they mean and why we bears are feeling good about the lack of a Santa Rally. Trump was Santa this year and that rally is over. I explain why I disagree with Malcolm Stacey's article today. I then look at a number of AIM stocks set to slide and why, as I refer to Steve's piece earlier. In focus: Avanti Communications (AVN), Advanced Oncotherapy (AVO), Telit (TCM), Boohoo (BOO), Tungsten (TUNG), Fastjet (FJET), Cloudtag (CTAG), African Potash (AFPO) and I have a few words about Worthington (WRN)
This is beyond satire. On Friday night, as it does every night, the UKLA published via RNS its list of companies subject to potential bids and guess what? Worthington is still there. Worthington as in the company where an administrator has now been appointed and a first gazette published? Yes that is the one. But it gets better.
Oh dear, oh dear. Those Worthington (WRN) shareholders who were dreaming of buying a mansion in Monaco with their golden tickets might wish to brace themselves for bad news. as you can see below the First Gazette notice for striking off has been published and an administrator appointed. On the terraces at Banstead Athletic the chant is already starting "you're going down with Golden Saint, you're going down with Golden Saint" Nuff said.
Eleven days ago I updated the death list portfolio which now sees me on ten kills from 31. However I now take Wandisco (WAND) off the death list after the recent management change. We need a replacement so entrant number 32 is ...IGAS. It looks as we may need two new entrants soon given the recent news from Worthington (WRN) and the FRAUD African Potash (AFPO) but that can wait for another day.
Le Sigh. Another week where six out of ten leaderboard articles are Bearcasts, and the other four are fan-favourites Cloudtag, Worthington, and African Potash.
By anyone’s standards, and this team’s standards are pretty low, it’s been a shocking week with a winding-up petition being issued against the team leader and general inspiration, Worthington (WRN) and player manager, Senterra Energy (SEN) having to ‘fess up to a failed deal with its share price collapsing as a result. How did the rest of the team get on!?
Oh dear, oh dear, this really does look like it is game over for old mother Worthington (WRN). It had been looking to get a Creditors Voluntary Agreement aways so that the grateful taxpayer, viz The Pension Protection Fund (PPF) got to fund its gaping deficit, and a share of future profits went to other - mainly related party - creditors but 90% of profits outside litigation winnings where it was 50% - would go to shareholders. Of course 90% of ZERO is ZERO but the pretence was there. However..
On 13 June I started my 21 stock Death list portfolio - 21 shares heading for zero or being booted off the market - see HERE. Until now 27 stocks have entered the portfollio and I am claiming ten kills - not bad eh? Today I go over the four kills since the last update and add four new entrants to the portfolio. Do the Cloudtag morons really want to bet against me with my current kill rate? I review all 21 now current members. The stocks mentioned are: Worthington, JQW, Jiasen, Camkids, China Chaintek, Jersey Oil & Gas, Mosman Oil & Gas, Monitise, Outsourcery, Magnolia Petroleum, Arian Silver, Sareum, Avanti Communications, Daniel Stewart, Mariana Resources, Sefton Resources, Golden Saint Resources, Sovereign Mines of Africa, Afren, Wandisco, Tungsten, Blur, Auhua, Afriag, InternetQ, Servision, Igas, Cloudtag, African Potash & Slater & Gordon.
Drat. There was I expecting to hear the winding up petition for the Worthington (WRN) CVA had gone through as planned at the High Court yesterday as scheduled. In the aceeeeeeeeeeeeeeeed world of Doug Ware and Aiden Earley this was meant to be good news. But at 9.52 AM today the white rabbit popped up with an announcement:
Oh dear, oh dear. Don't tell the bulletin board morons on the LSE Asylum but the house of cards that is the fraud Worthington (WRN) is now collapsing faster than you can say "golden ticket". Already facing personal bankruptcy proceedings as we revealed here, disgraced Allan Biggar now faces the loss of his marital home as we can reveal today.
Oh dear it may well be ouzo o'clock round at Sheriff Towers if not all round coke & hookers time, as it has just been pointed out that one of those silly folks who made the mistake of trying it on with legal threats appears to be in a spot of bother. Congratulations, you have just met the Sheriff of AIM....
Prompted by our shock revelations yesterday Worthington (WRN) has been forced to put out a statement to explain why it itself is heading for a CVA. It really is comedy genius.
Oh dear. More on the woes of the fraud Worthington (WRN) later as it heads for a winding up order. But it seems that one of the shysters behind this scam, Allan Biggar (see HERE) is also in the merde.
Oh dear. Oh dear. The problem with frauds, as with socialists, is that - to quote our greatest ever Prime Minister, the blessed Margaret, eventually they run out of other people's money. And that brings us to Worthington (WRN) which faces a winding up petition in the High Court a week today. Beer & popcorn time!
If you are someone who thinks that playing by the rules and being honest makes sense in the UK reguolatory environment think again. Just look at the much ramped Main Market listed fraud Worthington (WRN). Let's start with the latest news from the UK Listing Authority which came out at no-one is watching O'Clock on Friday.
With the football season now in full flow, it is appropriate to assess the full squad’s performance to-date. Unsurprisingly, but still disappointingly, none of the squad is fit to even tie the shoelaces of Robbie Savage let alone play in the Premier League, but will the FCA do anything about it?
At what stage do you think that the folk who bought into the Worthington (WRN) fraud will accept that they have lost everything? I reckon even after it has gone into administration some folks will still think they own a golden ticket. There were 15 entries into the last BB ramper of the week sponsored by Strat Aero (AERO) PR man, aka fake BB Moron sayitlikeitis, as you can see here. But the winner?
Apologies for the delay in announcing the winner of the last contest of two weeks ago. The beauty of this winner from among all the entries you can see HERE is that he demonstrates a general point about the delusions of the common or garden lesser spotted Moron.
Disappointing news emanating from Craven House Capital (CRV) at 11.20am today calling off the exciting move to the Specialist Fund Segment of the Main Market as it failed the eligibility criteria, so where does this leave the company now?
Now that NunaMinerals is in administration no-one other than the poltroons at the UKLA believes it will do a RTO of worthless fraud Worthington. So what next? Roll up Flagship Global Corporation which is listed on US OTC markets and is essentially bust. Perfect!.
Ah, Worthington tops the leaderboard again.It's a brings back those halcyon days of yesteryear: Nick Clegg was deputy prime minister in a coalition; Boris Johnson was mayor of London and stuck on ziplines rather than being told to zip it; Brexit was a funny old idea that no one would be crazy enough to begin and Worthington was producing videos like this.
As I noted earlier, Friday really could be Worthington's (WRN) last stand. No doubt its supporters on the LSE will have all sorts of excuses and will be blaming the usual suspects (me, Brexit, Evil) for their losses. This is too much of an opportunity to miss for we voyeurs of the moron community. But posts from other threads can also be submitted in the comments section below with a deadline of Sunday 24th July. I reckon Cloudtag (CTAG) and Highlands Natural (HNR) on the LSE and ADVFN asylums will prove happy hunting grounds.
Today I must ask the very serious question: are the staff at the UKLA down at Canary Wharf all crack whores or are they just the stupidest folks in Britain. I ask this question because of the latest news from fraud Worthington (WRN).
I start by looking at the collapse of Crowdmix and how it so remoinds me of 2001 and what is says about the tech bubble, someting that is very much on my mind right now, as you can see HERE. Then I look forward to tomorrow in Shipston but more imprtantly to the demise, later today, of Worthington (WRN). I cover Ariana Resources (AAU) where I am cross and puzzled, Advanced Oncotherapy (AVO) - how is the placing going Belfort? - Weatherley (WTI) and Ferrum Crescent (FCR)
The farce that is the fraud Worthington (WRN) continues apace. The chocolate teapots at the UKLA are still publishing twice daily updates claiming that Worthington is considering an RTO with NunaMinerals, a company that is not only in administration but is also to be delisted in Denmark. its aceeeeeeeeeeeeeeeeeeeeeeed! all round at UKLA where the chocolate teapots still reckon that the deal is viable.
With the Euros coming to a close, it’s appropriate to assess the performance of the Sub-Standard Shockers XI over the last month or so. Well, you know it hasn’t gone well when the best performers are those that have been in suspension for the period.
In this podcast I discuss pruning here in Bristol, an update on the Gooseberry crumble and then the lessons about how folks behave as investors or rather gamblers we can learn from the Worthington (WRN) fraud which must now be brown bread as explained HERE earlier today following news on Friday. That section also mentions Cloudtag (CTAG) and tech stocks. Then I look at commercial suicide, the curse of the tipster and Bluebird Merchant Ventures (BMV).
On Friday July 1 NunaMinerals was put into administration. I therefore suggested a day or two later, that the RTO whereby Nuna took over Main Market fraud Worthington (WRN) was off and that on Monday 4 July the UKLA would have to take action. Amazingly the chocolate teapots have done nothing. Truly these folk make the oxymorons at AIM Regulation look like a collection of Nobel prize winners. But it gets worse.
I did not create this but whoever did feels kind enough to get me and ouzo in here somewhere. As I explained earlier HERE Worthington (WRN) is now toast as of Monday Morning and it is time to call in the rozzers.
The former CEO of Danish listed NunaMinerals was owed cash by the company and yesterday managed to get the company formally declarred bankrupt in a court in Greeland - see HERE. That means that Main market listed fraud Worthington (WRN) can no longer procrastinate and claim to be in talks about an RTO. So it must be game over for Aiden Earley, Craig Whyte and Doug Ware.
Ooooooh is that a bankruptcy order in your pocket or are you just pleased to see me? Said Old Mother Worthington, played by Hattie Jaques. Aiden Earley, played by Jim Dale, gave a look of pretend shock and pinched Hattie on the bottom. Aiden is good at pinching. Craig Whyte, played by Sid James, is not in this film as he was detained elsewhere.
Shares in Worthington (WRN) have remaoined suspended for an eternity as we await details of an RTO by bankrupt Danish listed Nuna Minerals post its own refinancing by Green;land Mining, a company without a bank account. While we wait, Worthington has still not published its accounts for the year to September 30 2014 (not a typo). But now surely it is all over, the UKLA must simp;ly boot Worthington off the market ahead of its administration.
I read the emails purportedly relating to Worthington (WRN) and Oleg-Serguei Schkoda with interest recently as I have a soft spot for the guy. I have no idea whether they’re genuine or not but following on from my piece back in January HERE, I’m now beginning to wonder whether Oleg is cursed.
Did someone drop some acid into my milk just now because I really feel that I'm on a quite amazing trip. Aceeeeeeed! Its Worthington (WRN) panto time.
Brace yourselves: this is sheer comedy involving the fraud Worthington (WRN) and the Rangers pantomime brought to you from the bar of the Red Lion in Whiteleaf, Princes Risborough, Bucks where your host is landlord Tim Hibbert.
Until recently, dodgy Allan Biggar who is currently bankrolling Greenland Mining as a way of reversing Worthington into bankrupt Nuna, has been the respectable face of Worthington (WRN) - its all relative thanks to his membership of Jericho Chambers.
Heck. Everyone does the April Fool's thing don't they? And so the fraud that is Worthington (WRN) put out an RNS which we are meant to think is serious but is in fact a joke. Or in this case The Takeover Panel and LSE appear to think that it is serious but everyone else knows that it is just a joke, like spaghetti trees in Italy or Chelsea fans pretending they have always "supported the blues" from before they were good.
Let's widen the scope of the Bulletin Board Moron of the week contest this time to include the most ludicrous claims made by those in Project Fear, the campaign against Brexit. Yesterday Lord Browne of BP infamy claimed that leaving the EU meant that we might see another Auschwitz (see HERE) - can you trump that for scaremongering? Or do you just want to settle for nominating a common or garden Bulletin Board Moron who did not stiff shareholders with a bill for his rentboy? Whatever..please post all entries in the comments section below. Last week's contest...
Nudged by a reader as we await the imminent death of Old Mother Worthington (WRN) in the snows of Greenland we bring you our latest spot the crook/caption contest - a photo of the Nuna Minerals AGM. Over to you, answers in the comments section below with a deadline of midnight today.
The demise of Motive TV (MTV) & the Slater & Gordon (SGH) car crash were obvious triggers for some of the stupidest folks on this planet to talk shite on Bulletin Boards last week. On some threads (LSE Asylum Worthington WRN being a case in point) no trigger is needed for idiocy. There were numerous splendid entrants for last week's BBM of the week as you can see HERE but there could only be one winner.
The farce at the fraud that is Worthington (WRN) continues and it looks as if it will be in the snows of Greenland that the final rites are read. Things are moving fast.
I just can’t help myself: fully listed (sort of, as it has been suspended since 13 October 2014 so it is more a case of the undead as it still has not been booted off the main market) Worthington Group (WRN) issued an RNS after-hours last night. Was it the long overdue results for the year to September 2014, which were promised to be released in March 2015 in an RNS released in Jan 2015, but are still outstanding almost a full year late?
There were a bevy of cracking entries in the Motive TV (MTV) in Administration Caption Contest from yesterday and you can see them all HERE. But unlike investing on AIM where everyone's a loser in our contest there is an actual winner. In fact two joint winners. We asked for your captions for the photo below. And the winners are:
The deadwood press is part of the problem not the solution. It is corrupt, staffed by folks seeking their next career in PR and so who print what they are told and also staffed by lazy mothers who think they have a right to be served stories on a silver spoon without any fact check. This week's howler from the deadwood press is from the Sunday Times.
Will today's suspension of shares in Motive TV (MTV) stop the morons who own this stock from dreaming about the golden tickets they own? Will administration stop them? Truly in the land of the morons these fellows are the uber-morons and so last week's contest winner came from among this flock of loons. You can see the full raft of delusion (with Worthington shareholders again featuring) HERE.
The 21 stock Death List Portfolio is now seven months old and now has its sixth kill, Daniel Stewart (DAN). We replace each kill with a new candidate for death so until today 26 entrants had seen five recorded demises. But Daniel Cesspit is the sixth (from 26) and so we need a new target for death, that is to say for seeing its shares booted off the AIM casino or going to 0p.
It is good to see that the comedy show at Worthington (WRN) continues and now that must read publication, The Arctic Journal is on the case, exposing the latest problems for this worthless company.
As you will remember, the failure of Worthington (WRN) to file its accounts for the year to September 30 2014 had brought it to the attention of the Prosecuting Solicitors Department at Companies House. The story continues.
I have only just finished celebrating the AIM demise of Daniel Stewart (DAN) a shite firm that mistakenly sent me two bully boy lawyers letters trying to gag me. Karma has now come for Daniel Stewart as it did for another firm that pissed away shareholders cash trying to shut me up, Globo. So who is next? You are not going to have to wait long. Karma struck today and I shall reveal all on Tuesday.Why not have a guess who got a dose of Karma today in our readers poll. Its easy...
The Year end of Worthington PLC (WRN) end was September 30th. But as yet we have not seen an annual report. For the avoidance of doubt I refer not to the year ended 30 September 30 2015 but September 30 2014.
On 13 June I started my 21 stock Death list portfolio - 21 shares heading for zero or being booted off the market - see HERE. On 23 August I got my first kill and so Afren (AFR) was replaced by Daniel Stewart (DAN) HERE. I have now had four more kills and nearly all those that have survived have seen their shares tank. Now I update with 4 new entrants given that I have had four more kills and I review the original entrants that cling on. The stocks mentioned are: Worthington, JQW, Jiasen, Camkids, China Chaintek, Trap Oil, Mosman Oil & Gas, Monitise, Outsourcery, Magnolia Petroleum, Arian Silver, Sareum, Avanti Communications, Daniel Stewart, Mariana Resources, Sefton Resources, Golden Saint Resources, Sovereign Mines of Africa, Afren, Wandisco, Tungsten, Blur, Auhua, Afriag and InternetQ
The Globo (GBO) boards provided some cracking examples of Bulletin Board Moron insanity last week. I particularly liked the post “Should I have listened to the drunken blogger TW?” Yes Moron you should have been heeding my warnings on a whole range of stocks for three years but I guess you are happy staying in the Council House. But the Globo loons were trumped by a classic from a Worthington (WRN) backer:
Another deadline arrives and it is yet again missed. How long can the long running farce of the takeover of Old Mother Worthington (WRN) continue?
Thank you for taking time out from your turkey, your cranberry sauce, your tortierre puck, and your maple snowballs to read ShareProphets today.
Hat tip to a reader for flagging up this gem from Companies House, an Annual Return submitted for The Rangers FC Group Limited, part of the Worthington Group (WRN) which thinks it can extract £10 million from creditors of Old Rangers. This is sheer genius mickey-mouse stuff thanks to clown Richard Spurway.
I though that we had reached peak Tom when he had written 8 out of the top-ten articles last week on his sabbatical. But no, Fortuna always rolls for the big win, and this week the Sheriff of AIM has actually written 10 out of the top-ten articles. On. His. Sabbatical.
One of the joys of being in London is that folks come to see me from the Square Mile bearing documents of great interest. I shall not name my City Source. But I have obtained documents showing why the £10 million claim by Law Financial against Rangers (RFC) is utterly bogus, that Worthington (WRN) knows it is bogus and how Worthington boss Doug Ware tried to line his own pockets in an obscene fashion at the expense of Worthington going behind the back of poor Aiden Earley and Craig Whyte.
We all know that Craig Whyte and Aiden Earley have "colourful pasts" and that Doug Ware is a greedy bastard of no ethics as we showed again earlier HERE, but the supporting cast at joke company Worthington (WRN) are even more hilarous. How can anyone take them seriously? I am grateful to a reader who is clearly a Worthingtonologist for posting twice about Nick James. Who is Nick?
Featurng all your favourite players in this mad old tale: Craig Whyte, Charles Green, Aiden Earley, Paul Shackleton, WH Ireland, Dave King, Mike Ashley, Old Mother Worthington (WRN) et al. The big question is whether Rangers FC (RFC) can get a stockmarket flotation away and if so when? It is that which I try to answer in this podcast
As this site as mentioned several times, Tom Winnifrith is on a sabbatical, planning to spend time with family and write a book or two. He intends to come back in the new year. Which makes this top 10 completely perplexing: all 10 are Winnifrith related. (He wrote 8, he co-wrote with Nigel Somerville on the ninth, and the 10th was a Paul Scott riposte against Tom's view on BooHoo.com)
Hat tip to one of our readers who I know works in the small cap area and thus knows his onions for today's bit of Sherlocking on Worthington (WRN). For any Worthington investors this is yet another Red Flag 'fest. For any Rangers (RFC) fans scared that the claims of Law Financial & Craig Whyte may make against the club have any grounds, read this and LOL. Enjoy.
A cracking entry from the comments section - this has to be reader post of the day. It seems that Worthington PLC (WRN) is just five days away from its first notice of being struck off for failing to file documents at Companies House. Also up for strike off is Law Financial which is trying to extract money from Rangers (#RFC) but will clearly fail if this is an indication of how organised it is This cracking post reads:
Unfortunately, Canada lost at the rugby yesterday and thus everything this morning seems dull and lifeless but we persevere. As they lost to Ireland, speaking about it to Tom can only be a lesson in humiliation. But at least Tom will not sack me as he threatened to do should Ireland lose.
It appears that the puppet nominal CEO of Worthington (WRN), Mr Doug Ware, is away because it is Aiden Earley who has been in touch to clarify the position regarding the earlier article…Worthington has done nothing wrong…natch.
The flurry of recent filings by companies linked to Worthington/Craig Whyte/Aiden Earley and their puppet Doug Ware has thrown up what appears to be a killer revelation regarding the deliberate deception of investors and it concerns what was the only real asset of value that the Old Mother ever owned – the factory at Keighley in the welfare safari of West Yorkshire.
Mr Craig Whyte has been a busy boy. When not being arrested over a second set of fraud allegations concerning Rangers FC (RFC), our boy had been frantically filing away at Companies House, a series of returns showing the intimate links between himself and Doug Ware and the chaps at Worthington PLC (WRN)
Followers of worthless Old Mother Worthington (WRN) have been intrigued by a filing at Companies House on Friday “S1096 Court Order to Rectify” - oh dear perhaps we should not mention the word “court” to Worthington shadow director and ex Rangers FC (RFC) boss Craig Whyte. What is going on?
Is there no limit to the stupidity of some folks who post comments about shares on Bulletin Boards? And why do the morons all appear to own the same stocks in their portfolios of death? Worthington, Afren, Daniel Stewart, Quindell - will they all pile into Rangers FC when it relists? Probably only if Rob Terry takes a stake. In this shortened week I invite you to post the daftest and most inane comment you find about shares on twitter or on a Bulletin Board in the comments section below. The deadline is Sunday at midnight.
I'm constantly amused by bulletin board morons who wonder why we keep following stories. Why does ShareProphets keep writing about Quindell? They must be paid by hedge funds! and Why write about Worthington? They're suspended! ShareProphets must have invented a time machine then got back and shorted them before they were suspended and now want them to never come back so they can pay for their time machine development costs.
A day of drama in the soap opera Rangers FC (RFC) – a nest of vipers, saw Charles Green arrested and Craig Whyte re-arrested, the latter now held in custody. This surely makes the Law Financial/ Worthington (WRN) claim utterly worthless.
Oh what a tangled nest of vipers is Rangers FC (RFC). I refer not to the club in its current incarnation but to scandals past. It is scandals in the plural and at the heart of them is Craig Whyte, business partner of Aiden Earley – the driving forces behind Worthington (WRN).
I greatly enjoyed the video below concerning the great Peter Schiff. Peter Schiff was right. He called the 2008 market meltdown to total derision. Seven years later we are here again and so as well as scanning Bulletin Boards for the usual suspects (Quindell, Daniel Stewart, Worthington) for examples of sheer idiocy you might check out what the bulls are saying as their predictions look ever more useless. As always post your entries in the comments section below by midnight Sunday.
The Bulletin Board Morons were flying last week with shareholders in Quindell, Daniel Stewart and Worthington once again showing themselves to be the most deluded fools out there. One suspects that many folks hold all three gems and are also lapping up Rob Terry's latest fraud, Knob Park Estates ( sorry I meant Quob Park). Your entries for Bulletin Board Moron of the week were as ever spectacular, can you do better this week? The entries last time were magnificent covering a full spectrum of idiocy. You can see all the entries HERE.
71 days ago it was world gin day and to celebrate I came up with 21 Companies that I thought would be brown bread by December 31st 2016, either delisted or bust or both - the Death List HERE. So far Afren has lived up to expectations and so I replace it with a new death list entrant in today's podcast. It should be listened to in conjunction with my macro stockmarket crash bearcast of yesterday HERE
The Bulletin Board Morons are noted sometimes for their denial (Afren delisted today, is there hope), sometimes for their sheer stupidity (Worthington Golden ticket holders) and sometimes for their ability to come up with conspiracy theories which are just the other side of insane (Quindell) and sometimes for letting bigotry or a blue mist overcome reality (Rangers FC). And that brings us to last week’s winning Bulletin Board Moron of the week.
Afren may be in administration but some Bulletin Board Morons see upside for the shares. Other morons want Chris Oil to join the board at Sefton while others regard the FCA and SFO enquiries into Quindell as good news for Rob Terry. Meanwhile Worthington news must be imminent but for the morons no news is good news while news will also be good news. You can’t make this stuff up. And so let’s have another contest this week, as the Victorians visited asylums to peer at the insane we marvel at the Morons in the LSE and ADVFN asylums. You can see the full variety of insanity from last week HERE - The winner of last week’s contest was Juicin Drumroll with this gem from the LSE Asylum:
The Old Mother Worthington (WRN) comedy show rolls on. The worthless fully listed, but suspended since last year, enterprise has today been granted another 42 day extension to allow Danish listed but bankrupt Nuna Minerals to take it over.
Do you want to win an award as an entrepreneur? Shimples Sheeples, Aiden Earley of Worthington Group (WRN) is here to help. Might I suggest that the Great fraudster Rob Terry of Quindell (QPP) and his old pal Jon Stretton Knowles of Life on Marbs and the Quindell fraud sign up right away.
Where are we with the complete joke that is Old Mother Worthington (WRN)? It is getting interesting again. You may remember that Aiden Earley and the merry gang had decided not to seek a retention of their full listing in London which is a great shame as the prospectus would have been a hoot, but instead to reverse into bankrupt Nuna Minerals in Denmark. Hmmm.
In response to reader requests it is back, the all new Bulletin Board Moron of the Week. The ramblings of deranged blogger California Joe are barred to give all other morons a fair chance but any other BB Post or tweet which shows the sheer stupidity of some AIM Casino punters is eligible. Tweets by David John Hopkins or David Lenigas are eligible. We suggest that Sefton threads might prove happy hunting grounds this week although Afren, Worthington, Daniel Stewart and Quindell threads usually throw up some loons.
We had rather missed the comedy show that was Rangers FC (RFC ) as a listed company since it was booted off the AIM Casino on April 2nd 2015. But the club has now taken a step to regaining a listing on ISDX, the market formerly known as Plus. Good news for comedy fans everywhere. Rangers listed and the trial of Craig Whyte of Rangers and Worthington infamy, an autumn of hilarity awaits.
A brief podcast as I prepare to spend a morning on the beach with the Mrs. Then it is off to Athens. She thinks she is seeing a la dee da play. I am heading there for riot porn as the Greece Grexit crisis hots up again. Is Tsipras planning to betray the Hellenic Republic? Will he get away with it? Will Greece be booted out of the Euro anyway by the Krauts? Then a few words on the farce at Sefton as Jimmyliar Ellerton tries to make it go bankrupt via legal means. And then to the con Worthington.
In the past seven days, 49,934 unique readers read 89,803 pages on ShareProphets. The circulation of the Investors Chronicle is c30,000. Shares is less than half of that. To our critics who think we do not count, we say think again.
A special class of Bulletin Board Moron is the denier who insists that is what is patently bad news is in fact good news. The suspension of trading in shares in Quindell and an SFO/FCA probe? Yup according to the Quindell Echo that was – on balance good news. Worthington no news is good news if you are a denier. As for Afren, possibly bankruptcy well that is a buying opportunity for the denier.
As an alternative to Bulletin Board Moron of the week this week we launch a new contest - twitter ramper of the week and as it is our debut all tweets going back to May 8th are eligible. And that meas that to win the contest you have to show a tweet which is either criminal or just mindless ramping that beats this one from market abuser Chris Oil.
We got the ex parte injunction lifted. we won. Tonight pizza hardman Darren Atwater has reloaded all articles in the Worthington (WRN) fraud series. You can check out our complete Worthington coverage HERE
It is world gin day but I have not started..yet. Ahead of that this is a PLC Death List podcast special. I list the 21 PLCs that are on my list to be delisted or go to 0p by December 31 2016 and explain why. Enjoy...
As of midnight "flip flop" Ben "pitchfork" Turney will be editing this website as I am on leave for the next six to nine months. Let me explain.
On the very day that market abuser Chris Oil started selling 96 million shares in Sefton Resources (SER) he tweeted out that the stock was a buy to those who follow him. There were other ramps to follow as Oil cleared his position which were so blatant that the FCA is now investigating him. To be so blatant with your market abuse surely makes you a Bulletin Board Moron but perhaps you have spotted someone tweeting or posting something even more stupid. we suggest that boards for New World, Sefton and Worthington will once again throw up some examples.
While Worthington (WRN), pro tem, remains a UK listed stock, the Takeover Panel is forcing all sorts of revelations today which raise a few awkward questions for Doug Ware, the boss of this POS.
We have often criticised Nomad Roland “fatty” Cornish for his role in the debacles at New World Oil & Gas (NEW), Gate Ventures (GATE) and other AIM casino omnishambles stories. Now he is also acting for Rob Terry’s Daniel Stewart (DAN). But in acting for all these POS enterprises and for signing off on so many comically misleading RNS statements, fatty does have a function. He keeps these joke Companies on the AIM casino and that gives the folks on the LSE Asylum something to froth about. Heck, I forgot – fatty also used to act for Aiden Earley’s Worthington (WRN).
In this podcast I look at three issues: the abuse of the RNS Reach system - something I touched on earlier HERE - and why it needs scrapping; Worthington and all the stink around Frankfurt listings and finally the shameless folk at Thomas Cook.
Aciiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiid! We can exclusively reveal that Worthington (WRN) is now in advanced talks to gain a listing and it is in Denmark.
I remain convinced that the chances of Worthington (WRN) relisting are somewhere between no hope and Bob Hope but a hell of a lot closer to the former. But while we dance the charade that it may regain a listing the RNS statements it puts out beg ever odder questions, I am heading down a wormhole with the white rabbit as I try to follow what is going on in the great Worthington acid trip. Try following this for starters:
We are still to hear from Worthington (WRN) as to its intentions of becoming a global conglomerate listed on four exchanges around the world but meanwhile one of its preposterous operations already seems to be in deep merde. I refer to its claims made about GREP, a company exploring for rare earth minerals in Greenland. This is comedy and you could not make it up. Well Worthington could.
By popular demand it is back. As ever the rules are simple. Filthylucre and Bananabob cannot post their own comments on this website as entries as they are just too good. But any other comment on a Bulletin Board or twitter is eligible. The most ludicrous or idiotic statement wins.
Shrooom…another lump of sugar said the dormouse?. If you insist. I took the tab as I prepared to read the latest RNS from Old Mother Worthington Group (WRN). Sitting on a tangerine cloud a group of mad hatters posted comments franticly on the LSE asylum. Actually I haven’t taken any drugs for years but every time I read a release from Worthington I feel that I am having some sort of ghastly flashback. Is that Doug Ware I see chatting to the Queen of Hearts. Off with Tom Winnifrith’s head! No it was not the Queen, it was Aiden Earley or was it Craig Whyte? Anyhow, yesterday’s RNS was mind blowing. Shroooooom!
I start with Aiden Earley and Worthington - Gotcha! It was NOT an April Fool, he really is speaking on "faith & money" at UK Investor Show on April 18. Then on to Quindell, Daniel Stewart, the criminal Rob Terry, Coms, Hunter Resources (sorry bad language in that section but the tools deserve it), Real Good Food, China Chaintek and the other Fujian frauds, Afren, The Innovation Group and then West African Minerals, Mwana, my good friend Jim Mellon and the issue of shareholder democracy.
The news breaking this morning is that Aiden Earley of Worthington (WRN) is the latest speaker to be announced for UK Investor Show on April 18 in Westminster. If you have not yet got your tickets you can do so HERE. The talk will last for 40 minutes and Mr Earley will then take questions.
Fraudster Rob Terry buying into disgraced and worthless broker Daniel Stewart? Labour saying it was the party of deficit reduction? Can life get any stranger. Yes it can thanks to old Mother Worthington (WRN). Its latest RNS just takes bizarre to a new level, something I discuss in this podcast special.
I am in a good mood today for two very good reasons (here and here) and I sense that this will endear me all the more to the Morons on the LSE Asylum especially on the Worthington board but also Quindell as we head towards PWC. Thus- in response to reader requests – with a deadline of Sunday midnight, Bulletin Board Moron of the Week is back.
To our critics who think we do not count, we say think again.A week after moving servers, everything seems right with the world. Everything is speedier, nobody is complaining about databases not being found to me at 4 AM, and using the EPIC search is a breeze now. I hope that everyone is getting an improved experience.
Yesterday a new video appeared on the website of Worthington (WRN). Then it er..disappeared? This is all rather confusing and must be very confusing for UKLA as it decides whether to allow the shares to relist. Luckily we captured the video and so are happy to bring it to a wider audience. And we have more news.
In today's podcast I reflect on all the moron comments on Bulletin Boards every time Ive been threatened with legal action by crony capitalists or outright crooks. I forgot to mention Angus Forrest of Tern in that list but it did not work out to well for him just like threats from Globo, Range Resources, blinkx, Quindell, Cupid, Sefton, TXO and now Worthington as well as the clowns in charge of the LSE Asylum all ended up badly for them. Get used to it folks, I pick my targets carefully and I win! I then have a shock revelation about TXO before going on to discuss eServGlobal, Rosslyn Data, Mosman Oil & Gas and more.
Over the past few weeks I have raised what I believe to be very serious concerns about fully listed Worthington (WRN). Its shares are currently suspended as the UKLA awaits a re-admission document and I do not expect them to ever trade again. Indeed they could be formally de-listed within weeks. And here’s why.
All will be revealed in due course but this is going to raise money for Woodlarks, will be a lot of fun at UK Investor Show and I ask for your help. Simply nominate your top nine stockmarket knaves or buffoons of the past 12 months – all must be from different companies or organisations. For starters here is mine:
Given the sheer insanity of the LSE Asylum Quindell (QPP) thread last week and forthcoming Worthington (WRN) events and the denial among Afren (AFR) shareholders the competition is back but is limited to just these three stocks. Afren is a basket case the other two are fraudulent basket cases. Update: The Deputy Sheriff of AIM insists that postings on Tern (TERN) are deranged enough to be included.
I could not sleep last night and Ive downed half a bottle of champagne so I am off to sleep - I'll answer emails in the morning. Before that: Worthington, Cairn, Lombard Risk, Mar City, Coms, Mopowered and China Norfolks
The lunchtime diners were quiet as I recorded - not quite what you expect on a quiet Wednesday. But I won! Thanks to the supporters and supportive members of the press who turned up to root for me at the High Court. The gagging order, the injunction is lifted and Aiden Earley of the fraud Worthngton (WRN) and Rangers FC pays my costs. This is Round 1. Round 2 is in a couple of weeks so that money will be hepful. But for now I am getting hammered wth pizza hardman Darren Atwater as we bask in the glory of fighting for a free press and in the sweet joy that is victory.
I am not sure if I feel confident. The British legal system is daunting but I know that what I have done in revealing the acts of Aiden Earley is the right thing to do. It is in the public interest, most notably for Jerome pensioners and shareholders in Worthington as well as stakeholders in Rangers FC, that the truth comes out.
My first meeting with my barrister as I seek to have the Aiden Earley injunction lifted is on Monday afternoon and will cost £1000 +VAT. My lawyers’ fees are already in excess of that. The hearing at the High Court on Wednesday will cost several thousand pounds and so I ask for your URGENT help in getting this injunction lifted so we can expose more stock market crime.
With no reference to any particular court proceedings which may or may not be about to unfold we have an Early Monday caption contest. The deadline for entries is Wednesday when I have an important, er...meeting. Don't hold back, there's no prize just the joy of wide rangersing free speech.
In the past seven days, 63,167 unique readers read 123,896 pages on ShareProphets. The circulation of the Investors Chronicle is c30,000. Shares is less than half of that. To our critics who think we do not count, we say think again.
Aiden Earley has obtained an interim injunction against me publishing certain documents he admits are genuine because I might damage his good reputation. Who on earth is he kidding? There are large number of reasons why this man is a Pariah in the City, a scumbag, almost universally despised. And so here we go on explaining to Worthington (WRN) shareholders the track record of your dominant shareholder and the man who has created the omnishambles of a fraud that is your company.
In today's podacst I explain why so many AIM CEOs and also respected journalists are lining up in the fight against Aiden Earley and the fraud Worthington. I disclose one share trade by Earley that will horrify you and got one AIM CEO to donate £1000 to my legal fight this morning and explain to Bulletin Board Morons why they should support me
First things first. If you like Bearcast you'll love UK Investor Show so book your tickets for April 18 in Westminster now as they are 80% booked out as of today. You can book HERE. On today's podcast: Quindell and the loon conspiracy theories reach new heights, Worthington, Coms, Hunter Resources, DDD, Aga, APR Energy, Daniel Stewart and ValiRX.
You would have thought that with all his court experience (you know the jail term for accounting fraud, being disqualified as a director, etc), Worthington (WRN) shadow director Aiden Earley would be able to serve an injunction properly. Oh no…
I start with admin matters: I shall be served with an injunction by Aiden Earley, shadow director of the fraud Worthington at 4.30 PM and have a few snippets of bad news for Aiden. I congratulate Brokerman Dan on being named the share blogger of the year. Then to business. In this podcast I touch on Quindell, Move onto William Sinclair, Jiasen ( a China Norfolk), Tern, Sareum and Afren.
Ahead of a day of doctors and lawyers I am doing a two part Bearcast today. part 1 of the podcast covers just two frauds: an analysis of today's news on Quindell and an update on the Worthington situation and Aiden Earley;'s injunction to gag me. I guess that gagging is not working so well is it Aiden?
Aiden Earley, the shadow director of the fraud Worthington (WRN) – who borrowed £375,000 – from the company as soon as he gained control, using money borrowed from convicted felon Kevin Sykes, today obtained an interim injunction against me.
I record from all the best locations - this time it is a hospital!. On the podcast today I feature Afren, Quindell, CCJs, Filtronic, Monitise and Fitbug for which I have a big question. Then to Worthington, I have the Qs Doug ware should be answering about the lies and fraud, will he give an A this afternoon?
Doug Ware of the fraud Worthington (WRN) may have reported me to the Police but I made it through border control without a hitch. I am back in the UK so can return calls from the FCA about Worthington tomorrow. But my fellow players in the global shorting conspiracy came in handy once again
A brief bearcast from Athens Airport. First up Europcar are bastards. Do not use them ever. I shall explain why later. In this podcast I also discuss Coms, Filtronic, Webis (tough luck Jim Mellon), what an inventory build up means, talking to the FCA/UKLA about Worthington and by the way did I mention that Europcar are total bastards and you should never ever use them anywhere in the world?
A pretty wide ranging podcast today but the theme is denial with a dose of China rubbish. I cover Worthington, Afren, Coms, Edenville Energy, Solgold, Craven House, JQW, Jiasen, Qihang, Naibu, China Chaintek, Camkids, Beowulf and more.
Doug Ware of Worthington tried to bully me into not exposing his company as a top to bottom fraud with letters from his ninth rate lawyer, smears on his corporate website and by calling in the Police. Doug you picked on the wrong man. Folks round at Daniel Stewart threatened to beat me up partly because of what I wrote about Houyan Lin, Naibu and the other Daniel Stewart China frauds. They picked on the wrong man too. And so here's a song for you both and for Rob Terry of Quenron who played the same game. And for all the Bulletin Board Morons out there who smear, harass and threaten me.
Everything I say in this podcast is backed by the leaked emails, documents and analysis of the 22 part Worthington fraud series run over the past couple of weeks. I hope the SFO and FCA/UKLA are listening carefully as I explain this fraud on investors and the Jerome pension fund from start to finish
The contents of this article have had to be withdrawn – on a temporary basis because of an interim injunction granted to Mr Aiden Earley. We are appealing this matter as we believe that the activities of this convicted crook and disqualified director, and shadow director at Worthington, merit a wider audience. If you can make a small contribution to our rapidly growing legal bill to ensure that Earley is exposed please do so. Details of why we need assistance and how to help are HERE
I am struck by the similarities between the myriad of scandals on AIM – and now the main market – exposed here on ShareProphets and the various horrendous scandals that we have, as a country, been faced with in recent times. Perhaps it might be seen as a grubby comparison to liken financial wrongdoing to the scandals of abuse with reference to Saville, Rotherham as well as the Hillsborough tragedy. But the similarities are there: the failings are the same and as a country we need to face it.
When Aiden Earley gained control of what became the fraud Worthington (WRN) the only assets it owned were a 44% stake in a tiny and loss making firm Trimmings and an unused factory in Keighley, West Yorks, in the Grim North. In order to pretend that Worthington was solvent so as to commit stockmarket fraud, the folks appointed by Earley had to commit accounting fraud, that is to say lie about the value of the factory as the emails below demonstrate.