18 days ago
Surely the FCA has to come down on Main Market listed Argo Blockchain (ARB) like a ton of bricks because it has today admitted that it suppressed and hid from investors bad news so that its shares could be pumped allowing directors to dump millions of pounds worth of stock and then, a few days later to do a £27 million placement. How can this not be a criminal breach of the rules by a £610 million capitalised company? Here is the shocking timeline.
56 days ago
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.
73 days ago
Just for the record, I first explicitly warned the woke dullards at the FCA which regulated (no sniggering at the back please) this group that this would end in tears in October 2019. The Serious Fraud Office has, today, launched a formal investigation into suspected fraud at the Raedex Consortium, including the companies Buy2Let Cars, PayGo Cars, Raedex trading as Wheels4Sure and Rent2Own Cars. This is the group run by devout Christian Reginald Larry Cole.
74 days ago
Thanks to Winnileaks I have a dynamite letter from the FCA to one of Julie Meyer’s 32 unpaid, and thus ex, lawyers confirming what is an ongoing criminal investigation. But first, how did she get her MBE? Answer: she had political friends including the late Paddy Pantsdown and Liam Fox MP. Someone high up nominated her. Then, as her UK flagship Ariadne Capital collapsed into administration, she fled to Malta where she also had political pals. That was until the criminal charges were filed and she ran out of other folks’ cash. Then it was Switzerland and Greece where again leading politicians have fallen for her charms. But do they know about the UK criminal investigation?
362 days ago
Not all of them, of course. The regulator, on this occasion, is not concerned with the unpaid wages, the unpaid payroll taxes, the criminal charges laid against Meyer and her failure to appear in Court when summonsed. As ever, it appears that while Meyer boasted how her Maltese operations were hugely profitable and had massive asset backing, for some reason, there was never any cash to pay even small bills. But it is not that which the MFSA has opined upon.
364 days ago
Shares in Tomco (TOM) have continued to race ahead even thought it is teetering on the brink of bankruptcy as those who broke insider dealing laws by forward selling last week’s placing, which had to be scrapped after it emerged the company had lied to investors, scuttled to buy back. That offers an opportunity and so I can reveal…
518 days ago
You supplied numerous good entries in last week's contest as you can see HERE. I particularly liked the Cloudtag (CTAG) morons, the triumph of hope over experience, spotted by Warren Boofit
606 days ago
Yesterday Neil Woodford backed AIM listed uber dog Verseon (VERS) announced the sale and leaseback of its HQ in Fremont California, bringing in a net $9.5 million which would still have left it insolvent. Today, uh oh the deal is off. This is a shit show of the highest order.
709 days ago
The lawyer in question is an avid reader of ShareProphets so he and his client will have been fully aware as to my location on Thursday afternoon when they sent his latest missive. I asked you to guess who could be so utterly morally bankrupt as to behave in this way. 45% of you guessed correctly HERE.
727 days ago
In today's bearcast I touch on Neil Woodford and the duffing up he is getting today from Andrew Bailey head of the chocolate teapots at the FCA. Then I comment on Optibiotix (OPTI), RedT Energy (RED), Remote Monitoring Solutions (RMS)_ - formerly the criminal dog Strat Aero - RM2 (RM2) and Arden Partners (ARDN)
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