I started the year with a light-hearted look at a few value-generating AIM yarns that appear to have a lot in common with the Loch Ness Monster as there is some doubt as to whether they are ever going to be seen. It feels like monthly updates are appropriate and it’s been a busy start of the year for some of these AIM yetis.
I introduced the idea of the Sub-Standard Shockers X1 in May last year on the basis that I felt that the Standard List was becoming a home for companies unable to get on AIM for one reason or another so I believed that, almost by definition, they were destined to fail. I had firmed up the original squad of fifteen over the summer (see HERE). I have since added others but thought it worth looking at those original squad members in a “Where are they now?” type feature.
A dispiriting new entry to the Sub-Standard Shockers XI this week – well someone has to fill the impending gap created by the liquidation of Worthington (WRN) - so please everyone give a warm welcome to Simian Global (SMG), a reincarnation of a previously failed effort. Please allow me to explain.
It might seem like a cunning plan to those who are dim enough to own shares in the fraud that is Worthington Group (WRN) but it is not going to get them very far. They have formed an action group and even set up their own website harvesting names which will only be passed to er....Worthington Group. Oh great let me sign up, I really want Craig Whyte, Aiden Earley & Doug Ware having all my details...can I give them access to my bank account as well?
Some of you will know I have a bit of a bugbear with the use of the Standard Segment of the Official List, particularly for small investment companies, so in the spirit of Nigel’s great work on the FilthyForty, I have compiled my very own football team of Standard List participants to follow throughout the forthcoming seasons.
Following on from my recent piece on Toople (TOOP) being its newest member and the almost predictable, disappointing news relating to Opera Investments (OPRA) earlier in the week, the time has come for a call to arms. There must be change to the rules governing the clearly Sub-Standard Listing segment of the Official List as it is not fit for purpose. I need your assistance.
Oh dear, looks like a few more troubles at 't mill for joke company Worthington Group (WRN). Last week I asked why Worthington had not been dissolved for failing to file its accounts for the year to September 30th 2014. It seems as if the wheels are turning at Companies House in Cardiff...
My series on the fraud that is Worthington (WRN) continues today with an invoice that raises all sorts of questions. By now the bully boy lawyers for Worthington who have threatened me with action should be starting to sense the scope of the material I am sitting on and there is buckets more to come. The invoice comes from 2013 and is linked to Rangers Football Club.
I have still not received a formal claim from libel from Worthington (WRN) but just to give the fraudsters a taste of who and what they are up against here is a quite damning leaked email which shows that company funds are not being used properly and that Worthington lies to its investors. Boy this is fun and The Sheriff of AIM has a lot more where this came from.
A couple of days ago I asked you to post the dumbest tweets/Bulletin Board Posts you could find from Quindell (QPP) shareholders with the only proviso that our own demented poster Kebab/Kulbas could not enter his own posts. Boy are we spoiled for choice. The prize is a bottle of wine – another reason Kebab cannot win since his mummy would be cross if we sent alcohol to a minor. You can see the full glorious list of entries HERE but the winner is: