A note out on 26th April 2022 from AIM-listed Origo Partners (OPP)updated its long suffering followers that its shares would be suspended from the month end, as its Nomad, Arden Partners, was being acquired and was giving up on the Nomad business. But since the asset disposal programme was almost finished, the company advised that it was not looking for a replacement. So as of 30 May 2022 Origo’s career of the AIM Casino will be history.
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…..
Thursday night sees another back slapping awards ceremony where the crony capitalists who grow rich floating shite on AIM, Aquis and the Standard lLst congratulate themselves on another year of screwing mug punters. This is the Small Cap Network awards now owned by Master Investor, prop. my good pal Jim Mellon. Jim, I am gutted…
The time to invest in a sector is when everyone loathes it. Think oil earlier this year. The time to avoid it like the plague is when it gets so hot that crony capitalists float investment companies hoping that mug punters will overpay for shares in their vehicles which will then overpay for shares in actual companies. Meanwhile its snouts in the trough all round for the board and City advisers.
The Annual AIM awards were a virtual event this year. So there was no need for 1200 crony capitalists from the City to fork out £150 for a ticket, pour themselves into DJs and party frocks and head off to tell each other how wonderful they all were. The crony capitalists will have to spend cash ultimately leached from mug punter investors elsewhere. What good news for coke suppliers and hookers.
Of course not! The last reported NAV of AIM-listed jam-tomorrow- next year-never IoT investment company Tern (TERN) was 7.0p, as stated in its FY19 results. This followed a year during which the company raised £3.25 million at a premium to NAV, but still saw a reduction in NAV per share. I guess that is operational gearing at play!
AIM-listed Catenae (CTEA) shares are up this morning in reaction to the latest update on its Covid-bandwagon ramp. This, of course, was a technically insolvent outfit before some clever clogs at Catenae Towers realised that the mug punters would pile into anything to do with Covid-19 and thus a project involving a consortium in which two companies which apparently had been working together for 25 years despite one of them only coming into existence 13 years ago was born. Catenae’s shares roofed it and now two placings later (at a whopping discount) sees Catenae funded perhaps to the end of the year. This morning there was an update on the consortium Covid-19 bandwagon project……
I have flagged up the corrupt nature of the deadwood press, and the Sunday Times in particular, numerous times on this website. The way it blew off Neil Woodford in return for “scoops" and again and again backs boards, who by dint of underperformance, are quite rightly under fire with dirty attacks on their critics is shameful. Babcock (BAB) is a case in point. Today the paper shows its true colours again with its coverage of NMC Health (NMC) and more especially, and shamefully, of EasyJet (EZJ).
AIM-listed serial dog Inspirit Energy (INSP) released its interims yesterday at 2.33pm and it is same old, same old: the bills keep on coming in but where's the progress on its boiler? And when will the cash run out? – and why was its broker - a subsidiary of housemate Octagonal plc - holding such a proportion of its cash?...
I had been wondering what was going on at AIM-listed Conroy Gold and Natural Resources (CGNR). At the turn of the year the shares were languishing at just over 5p and raced ahead to around 15p until last Wednesday when the shares staring slipping. Of course there is no insider dealing – this is AIM after all – and surprise surprise this morning we learn of a placing and subscription to raise a poxy amount of cash to feed the electricity meter.
This podcast is dedicated to all those trolls who have given me and my family such grief over certain stocks. I discuss Indaba and crony capitalists and a bloke who did the wrong course at Oxford. I look at Versarien (FRAUD), NMC Health (NMC), Bidstack (BIDS), Intu (INTU) and Nakama (NAK).
How different it was eighteen months ago when Investec raised £62.5 million at 160p to IPO Theworks.co.uk (WRKS). Just think about how much coke and how many hookers you could snaffle from crony capitalist Investec’s fees on that deal! Hmmmmmm. You bring the hookers, I’ll bring the Charlie, the lads at Investec are ‘avin’ a party. Today, after just avoiding yet another profits warning, the CEO has been resigned with immediate effect and the shares are just 33.9p. Ouch.
Well you cannot say you were not warned about Koovs (KOOV) by this website numerous times. This Bearcast from January 11 2016 (Koovs disgusts me) is pretty explicit. The City Crony capitalists loved the Indian retailer as its momentous losses meant it was a fee cash cow. I dread to think how much coke & hookers cash this company generated for the City. Our full list of warnings are here and should be preserved as, today, the administrators were called in, the Nomad quit and the Fat Lady moved centre stage. What is the Hindi version of “All the Money’s gone?”
This operator of 525 outlets flogging gifts, arts, crafts, toys, books and stationery raised a stonking £62.5 million at 160p, c/o crony capitalists Investec in July of last year. Just imagine the fees it earned on that deal. Coke and hookers all round. After a profits warning today shares in TheWorks (WRKS) are just 44p and the company will pretty soon be in net debt, in fact I suspect it already is. Yikes. Cue the ShareProphets National Anthem below….
Now in its 24th year the annual obscenity that is the AIM Awards Dinner is now just six days away. Tickets cost £200 a pop and Nomads, brokers, lawyers, accountants and PR firms snap up all 1200 of them. It is an osbcene beanfeast for the crony capitalists.
Each year 1200 crony capitalists dress up in DJ’s and party frocks to attend the AIM awards dinner. Of course, ultimately, it is shareholders like you, ordinar investors, who pay for this obscene bean feast. They put up the cash the companies pay the advisers who then book the tables at thousands of pounds a pop. Shareholders lose money on AIM, fat cat directors and crony capitalists swill champagne at their expense. What is not to like? So which fine firms are sponsoring this year’s event? You could not make this up…
I take my hat off to a chap who has created the blog Oarfish Research for he is a truly talented individual who has produced some spectacular research on £878 million capitalised ( at 126p) AIM listed Diversified Gas & Oil (DGOC). Reading Mr Oarfish’s truly spectacular analysis I can only conclude that this company is monumentally overvalued. It could be the most overvalued stock on AIM.
Back in 2014 Tom Winnifrith described AIM-listed (for now) Redhall (RHL) as a zombie company….dead money but that it supported an army of crony capitalists, directors and various City parasites. This morning the shares were suspended pending financial clarification yet although there had been a profit warning on 1 May there had been no indication that the company was at death’s door.
Retained losses are £27 million and counting, the shares have collapsed from 82p at IPO to just 0.4p, Blur (BLUR), now rebranded as Maistro (MAIS), has been a disaster for investors but at least its founder Phil Letts and his ghastly wife who was also on a fat salary have been able to buy and upgrade a Country mansion, as we noted HERE. Today as it issued another lack of profits warning and warned of another cash crisis, Maistro says it is going to delist from the AIM Cesspit.
This is a typical AIM Cesspit tale of woe and greed. CSF Group (CSF) listed on the AIM casino in 2010, a smallish Malaysian company of no interest to anyone. But the advisers raked it in with fat fees and fat promises to the board and shareholders. Coke and hookers all round in the Square Mile. Wind forward to August 28 last year.
I had far too much to drink last night. But it really was not my fault. Thus as I travel across Greece today and back to Bristol I feel a bit worse for wear. In this podcast I comment on Hollywood Bowl (BOWL) in light of yesterday's corrupt journalism bearcast. I look at Andalas (ADL) forced to make a belated statement by this website's expose on Saturday HERE. I cover Big Sofa (BST) and LB Shell (LBP) another AIM Casino dog whose sole purpose was to support the lifestyles of crony capitalists.
Okay, he is a conceited, overpaid, arrogant mother so I don't really feel sorry for him but I explain his appalling problem at doomed RM2 (RM2). I also look at Inspirit (INSP), Sabien (SNT) and Tomco (TOM) all three of which should be taken out and shot as their sole purpose on the AIM Casino is as a funder for the coke and hookers used by crony capitalists in the City. I explain a flaw (or two) in Malcolm's thesis today as I look at three retailers in trouble: Marks & Spencer (MKS), Debenhams (DEB) and Mothercare (MTC).
I cannot remember the last time a Northern Ireland player scored a hat-trick in an international. But tonight I am hopeful that Belfast’s finest, First Derivatives (FDP), will pick up three gongs at the annual AIM Awards crony capitalists bean-feast and do the six counties proud. Heading the charge is CEO Brian Conlon who is short-listed for “entrepreneur of the year” sponsored by Octopus Investments. The Judges will have ruled on that before we pointed out that his whole IPO was based on a fraud. It gets better…
Cynical Bear warned you that the 62p per share, £63 million, IPO of Mirriad Advertising (MIRI) would cause tears before bedtime. Obviously not for IP Group (IPO) which was able to justify its daft pre IPO investments in relation to that crackers listing price. Nor for Nomad and broker Numis or PR parasites Hudson Sandler which will have earned fat fees for the listing. Coke and hookers all round for the crony capitalists. But for anyone dumb enough to buy the stock since the IPO this has been a horror show. The shares are now just 30p mid, they have more than halved in ten months on the AIM Casino. So what’s today’s news? It is bad, natch.
I realise that the crony capitalists round at Nomad Northland have a few things on their mind, such as who will pay the wages this month, but how on earth can they have signed off on the worst death spiral deal I have ever seen where the counter-party is a man who the SEC nailed for "defrauding investors." I despair.
I start with Starcom (STAR) whose statement as it announces a placing is pure unadulterated bullshit. Do the crony capitalists who put this shite out take us all for morons? Then it is onto Altitude (ALT) whose shares are up by 19% today valuing the company at £32 million. Maybe I am thick ( don't comment on that!) but I just cannot get my head around that valuation and explain why. Finally onto Altona Energy (ANR) and related ramp Uru Metals (URU). This is the latest POS to get the full ramp treatment and I explain why its share price is absurd.
I previously wrote on Kin Group (KIN) in August; From dire to ‘kin worse; administrators to be appointed for principal trading business & proposed CVA - including commenting on the company stating “there is no guarantee… will be completed successfully”, with it’s got to be ‘kin joking, right? Is “successfully” what, at best, further mega dilution is? I now note a “Suspension update & proposed share consolidation” announcement…
Some folks are just lazy fucks. The team round at PR crony capitalists Vigo Communications who charge an arm and a leg for spinning for Sound Energy (SOU) appear to be such folks, as they put together today's disastrous press release using cut and paste. It starts "Sound Energy, the African and European focused upstream gas company, is pleased to provide an update on the drilling of the Badile exploration well, onshore Italy.". With what followed I bet the ranch that Sound was anything but pleased. Hint: the shares have crashed by 30% to 54.25p in early trade.
In case you missed it, last night was the The fifth annual Small Cap Awards' black tie gala in London. The crony capitalists from across the Square Mile gathered to say how well they had done being paid vast amounts to stuff dumb fuck investors into shite stocks, before the spivs departed for some late night celebratory coke and hookers. And boy were the crony capitalists doing well. Let's start with the winners:
After hours on Friday Fusionex (FXI) a company from the Norfolk province of Malaysia announced that it was planning to delist from the AIM casino. This has always been a "wrongun" and myself, Lucian Miers and the great Kevin Ashton warned you many times to sell - over the weekend I listed 11 red flags the City crony capitalists were happy to ignore. Today the shares have crashed 64% to just 46p and the rats have started to abandon ship.
Eden Research (EDEN) has today published godawful results and admitted that my very good friends at the Financial Reporting Council (FRC) investigated it - after I requested such an investigation - and have forced it to restate past numbers. It claims that the FRC has now settled all matters. Au contraire. that is another lie from the fraudsters and there are many more porkies in this statement. Truly, the pants of shamed PR Paul Queenie McManus of Walbrook will be cinders and ash after this effort. This all came out as Eden published Godawful numbers for calendar 2016.
If you object to bad language do not listen. The madness and corruption of AIM, the willingness of the crony capitalists to deceive investors to get away another placing just got to me. In today's podcast I cover Blur (BLUR) - but would commend young Steve's coverage which is superb HERE, FastForward (FFWD) - the Jim Mellon spoof - Advanced Oncotherapy (DOG), Independent Resources (IRG), Amur Minerals (AMC), Sunrise Resources (SRES) and Zenith Energy (ZEN).
January 2017 was another month of shrinkage for AIM in terms of number of companies.The absolute number was down by a net 9 from 982 to 973 companies with 1 readmission and 10 departures including the fraud African Potash (AFPO) which was relegated, in disgrace, to the NEX Markets lobster pot.
City of London Markets is the FCA authorised firm that has screwed Milestone (MSG) by not paying over the cash it promised for a recent placing. Poor form. The company has a glossy looking website to impress punters. But behind this veneer lies a tiny and unsuccessful company, as the latest filed accounts at Companies House show.
BBC presenter Sophie Raworth, picked up £10,000 for hosting the 2016 AIM Awards. Heck since this whole £750,000 event is ultimately funded by investors in AIM Casino stocks I am sure you won't begrudge her trousering some of YOUR cash. Anyhow here are the winners from the lavish 2016 ceremony:
I start with the bust up over marmite and other matters between Tesco (TSCO) and Unilever (ULVR). Naturally the democracy denying liberal establishment bastards at the BBC blame Brexit for sterling's slide and this - I explained here why this was wrong. I explain what this battle is really about. I then look at DiamondCorp (DCP), Iofina (IOF), Goldstone Resources (GRL) and Magnolia Petroleum (MAGP). I end with a look at the AIM awards. I get really angry at this point and when the anarcho capitalist revolution arrives the 2,500 crony capitalists spending £750,000 of YOUR cash tonight merit a meeting with piano wire.
The revelations this week about how both Teathers Financial (TEA), notably HERE & HERE, and the former manager at Wandisco (WAND), HERE, have pillaged shareholder funds to allow management, their wives and pals to live the high life have been shocking. That the Teathers boys thought racking up a bar tab in one night which was greater than the UK average post tax monthly wage just shows how distorted was their value set. But this is the tip of a very enormous iceberg on AIM and among the crony capitalists who service AIM Companies. And it's all your money. I write today not to expose but to call for specific changes.
In today's bearcast I look at just how weak are the balance sheet's of Blenheim Natural Resources (BNR) and FastForward (FFWD) and discuss imminent bailout placings. I mention a greedy bastard, taking time off from mis-treating his patients who is giving me stick on Glenwick (GWIK) and then I look at CSF Group (CSFG) and the sheer scale of how London's crony capitalists have milked this dog as shareholders have lost almost everything. It is horrifying.
African Potash (AFPO) has not put out an RNS but it has reassured Bulletin Board Morons that it is is preparing legal action against me. Great news. I cannot wait to see the bitchez in court. The disclosure process will be a hoot. I really look forward to seeing that Letter of Credit from the January 6 RNS because it DOES NOT EXIST. Disclosure here will destroy Potash so bring it on Bitchez;. The statement which PR operatives St Brides has sent to morons by email reads:
I have warned you repeatedly (the archive is HERE) that AIM listed Magnolia Petrooleum (MAGP) is a dog with fleas that exists merely to keep its useless board in well paid employment and to provide coke and hookers money for the crony capitalists. It will never make money for shareholders. Hence today we see a laughable bailout placing. Death is merely postponed.
Recently listed Papillon Holdings (PPHP) is - as Cynical Bear pointed out here - clearly an overvalued rum and coke. But in its brief existence it has at least achieved something: helping the FD slash his tax bill. Oh what jolly good news for the crony capitalists, coke and hookers all round.
Last year Golden Saint Resources (GSR) waited until it got a placing away in late May to announce its piss poor results. It needed extra cash to satisfy the auditors that it was solvent, let alone a going concern. This year it seems that broker Cornhill could not bring itself to stiff its clients again - hats off to Frangos and team for showing some integrity. But bucket shop- SVS Securities has no such qualms and has raised £400,000 gross ( £371,000 net of fees to crony capitalists) at 0.07p. So I guess we can now see the results soon.
I shall endeavour, as the owner of two shares, to gain admittance to the AGM of the London Stock Exchange tomorrow morning. Im coming up from Bristol so may be a few minutes late but I trust that Lucian will be there for the 10 AM kick off at the Banksters Hall but it seems that only 11% of you reckon that the crony capitalists will take my questions on AIM fraud. We asked how the LSE would treat me - having barred my last year as its press office lied: You said:
Broker and Nomad SP Angel is not listed so why on earth it thinks anyone gives a flying fuck about today's trading update is rather beyond me? But never underestimate the innate sense of self importance among folks in the City of London even if they work for shittly little Nomads and brokers who try to float bankrupt pieces of Turkish such as Mkango Resources. Oddly today's statement fails to mention Mkango, a company Chris Oil appears to have blown £100,000 on backing last autumn.
"Nomad Strand Hanson, Broker Mirabaud, mug punter Evil Knievil, aka Simon Cawkwell, dodgy Russians Mediotor, IR ramper John Heilshorn, we have beaten them all, we have beaten them all!. Phorm PLC, can you hear me? Phorm PLC ... your boys took a hell of a beating! Your boys took a hell of a beating!"
Our coverage of Servision (SEV) has been full as you can see HERE - shares in this POS are slipping again and I explain why another bailout placing looms. But I explain all sorts of reasons why those crony capitalists involved may be very nervous indeed about assisting this company. If you are a shareholder you should sell ahead as a bailout means mega dilution, no bailout means bankruptcy and ultimately this company is worthless anyway.
The only shock is that this took so long but today Motive TV (MTV) has announced that it is all over. It has appointed administrators. It is tits up time. Of course the day Motive shares were suspended on the AIM Casino this was bound to happen. This was a farce...whereby crony capitalists and City parasites screwed stupid private investors. Bring out the piano wire for the crony capitalists and neuter anyone who bought shares in Motive TV so "stupid genes" are eradicated from the population.
Following a 26th January announcement that “long standing client Royal Mail Group plc has extended the scope of its contract with the group” and that “the group's market-leading energy measurement and verification EEVS team has also been awarded a prestigious contract by the NHS Sustainable Development Unit… and has also recently won similar contracts for NHS clients in Lincolnshire and Worcestershire”, APC Technology Group (APC) has now announced a “Placing and Subscription”. Natch…
It seems that amongst the crony capitalists coining it in from the coke & hookers subsidy machine that is the AIM Casino this website is not terribly popular. I think we can take that as a vindication of what a good job we are doing. An AIM CEO emailed me to say - and I take this as praise indeed:
Some are trying to argue that folks have made money out of LGO Energy (LGO) as a gambling chip by trading it. Maybe some have. Most of have lost because as the truly shocking hard data below shows this has been a masterclass in ramping, value destruction and executive greed. The only real winner here has been Jabba The Hutt, Mr David Lenigas.
Pinnacle Technology Group (PINN) has announced valid demand for 345% of its pitiful open offer to existing investors and that it's set for completion of its uber private investor screw…
Of course the City of London is the most transparent, honest place on earth and as such the crony capitalists from across the Square Mile gathered last night at the Natural History Museum for yet another awards ceremony. Get on your dickies & party dresses, its all on expenses anyway.
The CEO Avi Vermus walked a few days ago and now the only credible player left at PeerTV (PTV), Ossie Weitzman has also stood down as a director. Nomad ZAI Finance is begging him to stay but unless he changes his mind it says that it will quit so the shares have been suspended. Great news.
I am being slammed for not backing those who claim they are trying to turn around PeerTV (PTV). I explain why their mission is doomed, why the pretence otherwise merely transfers wealth from the many to the few, the crony capitalists and why some of us apply double standards to the capitalist process of creative destruction.
It was all so predictable. On 6 January African Potash (AFPO) issued an RNS which was both utterly pointless but also just about credible enough to have the Bulletin Board Morons/Zak Mir frothing. The morons ploughed into the aftermarket - not noticing that the RNS was in fact just confirming that part of a deal already announced several months prior had been completed but that no financials were revealed - paying up to 2.1p per share. The crony capitalists said "thank you very much cannon fodder" on the back of the pump and today came the dump... a placing raising gross proceeds of £825,000 at just 1.7p. However...
Yesterday I asked you to identify the odd one out in the four pictures below: The England Rugby team, David Lenigas, Market-makers Winterfloods and the City Nomads, brokers and PRs celebrating at their annual Christmas party and YOU ALL GOT IT WRONG but there were some good answers anyway HERE.
I had not planned to be back in charge until January 1 2016 but events, events. As of the week before Gold & Bears I am again editing this website.
Last week PeerTV (PTV) – IPO’d at 45p a share four years ago now 0.02p – accepted that four shareholders had the right to stand for election to its board at an EGM on Monday. Today shareholders were told that they no longer had the right to decide who runs the company they own. AIM has allowed PeerTV to execute shareholder democracy. It has sent a message to all investors – FUCK YOU: the crony capitalists run the show.
As the crony capitalists enjoyed their Black Tie dinner tonight to celebrate the world’s most successful growth market, might they have paused for a moment to reflect on the horrific losses which have been seen this year on AIM? Fat chance. One number ought to have had the champagne going down the wrong way, and that is how much capital has been wiped out on the ShareProphets AIM-China Filthy Forty so far this year from delistings and suspensions caused by Nomad resignations. I promise you that number is a horror.
I have vented my spleen already today in UK Investor Show Magazine HERE about the 1300 crony capitalists who will tonight eat, drink and be merry at YOUR expense at the AIM awards. So here is a little cartoon and I invite you to post your caption in the comments section below. For what it is worth...
I am on an anger roll with the crony capitalists on the AIM casino today. SeaEnergy (HERE) was the first to feel my ire. Next up is the board at Eclectic Bars (BAR). When the great libertarian revolution comes the newly privatised Police force will round these swine up too and – having organised a firing squad as a result of a competitive tender process to select the shooters - these bastards will also be put up against the wall.
When the great libertarian revolution comes the board of SeaEnergy (SEA) will be among the first of the crony capitalists to be rounded up by the newly privatised police force and put up against the wall – a release today just fills me with utter disgust.
I am not picking on Mariana Resources too much. Okay I am and did so HERE. But the point in this podcast is to show how the actions of Mariana in destroying shareholder value while the crony capitalists plunder and profit are just symptomatic of how AIM works as a whole. I also cover Stanley Gibbons (SGI), Paragon Entertainment (PEL), the scumbags at Mosman Oil & Gas (MSMN), Iofina (IOF), BTG (BTG) and Volex (VLX).
As predicted HERE in the wake of after-hours interims from the company on Wednesday, shareholders in AIM cesspit dog Ultima Networks (UTN) plc are to be treated to a placing. Gotcha. In fact it is rather more than that, as an RNS issued yesterday (mercifully, at the usual 7am) details proposals to be put to an EGM under which the business is to be disposed of into a private company and the plc restructured into an investing company – the last refuge for failed sub-scale ventures on the Casino. With the shares having closed at 0.25p on Thursday a placing at 0.7p seems somewhat generous, does it not? But then, as we all know, if it looks too good to be true…..step forward the ShareProphets RNS Translation Service to help our understanding of what is going on.
Of the Filthy 40 China stocks listed on AIM on June 1 2014 or listed since, ten have already been booted off the Casino while shares in four are suspended. Of those three are suspended as the Nomad has quit. They sit on Death Row and the first execution, expulsion from AIM, is scheduled for tonight.
One day before my second and 25th anniversaries and I am in Devon. a long walk beckons but before that a few thoughts on Scancell - there will be a placing but not, now, next week. And on Auhua and then on the pointless, despicable and corrupt crony capitalists of the PR world. No holds barred on that one.
You could not make this shit up. The Crony Capitalists black tie celebration of mugging private investors are the Annual AIM awards and the “celebration” of this fleecing is a black tie dinner on October 8 and now we know the short lists of “winners”.
The more I look at the collection of investment train wrecks and outright frauds that are the China filthy forty the more I am horrified. Let’s look at the 26th best performer out of the 40, it has only lost 96% since IPO on the AIM Casino. I refer to Northwest Investment Group Ltd (NWIG), a special from Big Ray Zimmerman of ZAI Corporate Finance.
On October 8th 1300 men and women in black tie and pretty frocks will gather for the annual AIM awards dinner in London. Seats cost c£150 each but who cares, it is you dear mug punters who are paying. The website is a hoot.
Two bad things today. West Ham kick off what is bound to be another season of Premiership disaster and more importantly my cat Tara seems to be very sick. Seeking distraction I read the Sunday financial press and feel disgusted, a sense of being made nauseous by the stench of corruption everywhere. Afren, Quindell, the financial press, it is tempting just to give up on shares. Is not the whole game rigged by the crony capitalists? It is not. But a lot of it is as I explain in this podcast. I end by explaining why my emails will go unanswered for days and twitter ignored almost completely for the next seven weeks. I have an urgent deadline.
I note the attack on me by my colleague Euro loon HERE. Like the heroic ex finance minister of the Hellenic Republic Yanis Varoufakis I regard such an attack from a supporter of the EU and Euro as a “badge of honour.” The zealots who believe in the Euro concoct facts to support their religion. They show no humanity in the face of undeserved misery. The Euro and EU is a dream for crony failed politicians, big business, useless parasitic bureaucrats and banksters. It is a combination of crony capitalism and socialism which screws ordinary taxpayers and benefits the elite. My analysis and solutions are pure capitalism – my critic (a bankster) is a crony capitalist. I care about the poor. My critic is heartless.
I am not sure about you but I am getting 150% bored with two companies with a combined market cap of c£5million, viz Sefton Resources and New World Oil & Gas. But your esteemed editor flip flop Ben Turney does not share that sense of ennui. And so to this week's competition.
A free meal for two at Free Speech & Liberty Pizza House in Clerkenwell is the prize in this week's contest. On the 19th the crony capitalists will be celeberating AIM's 20th birthday. How they will celebrate with black tie events, champagne, coke and hookers all paid for you.. the mug punters.
Recorded at 1 AM to work around the travel plans of pizza hardman Darren Atwater I am shattered after a shift as a waiter, cook, dishwasher and host at Free Speech & Liberty Pizza. I more shift today and then back to sabbatical. But I explain why I was autographing table cards here for Americans late last night. It all tuies in with what this website is trying to do but what crony capitalists are trying to stop us doing - I reveal the latest smears against me from those who resent us breaking news of certain placings. I also say why we break that news. Then I move onto Afren
Earlier today I revealed in yet another scoop that POS China AIM listed company Auhua (ACE) was planning a placing at just 4p when its shares were trading at 13-15p. The discount told you everything. Broker WH Ireland knows this is just a shite investment and the only folks who will support it are flippers. And now Auhua has fessed up - the Sheriff was right. Yet again. Auhua states:
That New World Oil & Gas (NEW) is an omnishambles is clear. Ben Turney has one route for going forward (see HERE) which has made him the hero of the LSE Asylum and the twitter lynch mob. I regard his actions as morally reprehensible but publish his articles anyway as I support free speech. But his case is both misleading and shocking in that it targets the very folk that I thought he, Brokerman Dan, Nigel Somerville, Malcolm Stacey and others who have written on this website wanted to protect – ordinary punters.
Trap Oil (TRAP) is yet another true disaster for investors – if not fat cat directors – from the AIM casino and 2014 results today come with a warning of potential insolvency and are truly grim. So here are just a few facts and figures to make your blood boil.
In olden days Kea Petroleum (KEA) would have raised money at big discounts through bucket shops who would have taken a big commission as would have greedy brokers. But the revolution has started as it becomes the first company to use Primary Bid so cutting out the crony capitalists, saving it money and not stiffing PIs with a pump and dump operation. Well done Kea.
As a company director it is hard to admit that you are wrong. And thus good money is thrown after bad. That is what is happening at Northern Petroleum (NOP) and for shareholders to get anything back the board must be sacked now.
Last week we learned that the Bulletin Board jihadists had lied to Etihad airlines in order to persuade it not to advertise on this website. It joins Tesco, Waitrose, Hargreaves Lansdown and John Lewis in caving in to the free speech deniers. Speakers at UK Investor Show have also been pressured into pulling out by those who do not support a free press. We will not back down but ask for your support.
Last Friday and Saturday I highlighted a series of, ahem, ‘inconsistencies’ in two RNSs issued by the company on 15 and 17 Sept 2014. It has taken until today, Weds, for Tern (TERN) to address this. But Angus Forrest and his crony capitalists are still just telling abject lies.
Deputy Sheriff of AIM, Nigel Somerville has just published evidence of total horrors at Tern (TERN) - HERE - which will cause private punters awful one month losses. The crony capitalists meanwhile get to enjoy coke and hookers all round. This is, at best, grotesque negligence and at worst it is outright deception. Heads must roll for this AIM Casino omnishambles.
Daniel Stewart held its champagne Christmas party last night. Its own shares are suspended as it does not have enough cash but the crony capitalists need to party on. I filmed this video outside to make a few points.
Daniel Stewart is tonight having its Christmas party and has today phoned my colleague Kathy to say that she has been disinvited because of her association with me. As you know certain staff of Daniel Stewart have publicly threatened to beat me up because of my criticism of their POS firm for floating a series of frauds and for pointing out its own woeful financial position (shares suspended). Well bully boy crony capitalists here is your chance….
I was thinking, as I rode home through ghostly olive groves illuminated by a full moon, about the mindset of Daniel Stewart employees who want to beat me up. My crime is to point out the fact that they have earned vast sums by floating and raising money for frauds, so screwing ordinary AIM investors.
The bloody Albanians have again not turned up - will the olives ever get harvested? And so this podcast is angry and covers Transense Technology, Sefton Resources, Maple Energy, Fitbug, Quindell, crony capitalists, investing companies and the AIM Casino and why shares are not suspended that should be
I have slated Motive TV (MTV) time and time again as an example of what is wrong with the AIM casino ( see today’s bearcast): time and time again this POS issues shares like confetti so its investors are diluted to oblivion and a few crony capitalists make a killing. Let’s force its hand. The paperwork is almost done on the latest deeply discounted placing and it has raised £800,000 at just 0.013p. Time for a rushed statement in the morning chaps.
Sorry to bother you again Cenkos, you bunch of incompetent and sleazy money grabbing crony capitalists, but perhaps you can help us all by stating at what price the fraudster Rob Terry has to put up margin on his “loan” ( aka share sale) agreement with Equities First Holdings LLC.
Some folks think that I was wrong to call Louise Cooper an investment prostitute. I make no apologies. The silly cow painted herself as whiter than white, a Mother Theresa. The FACT is that she was more Princess Diana. She works for a company that takes cash from companies to interview them, then gives soft interviews without declaring the payments. That is investment prostitution and is WRONG. However...
I really do not care about the POS company that is Touchstone Gold. It is typical of the detritus at the bottom of the AIM Cesspit. But its RNS today is a shocker - it is grotesquely misleading. Behind it lies a tale of management incompetence and greedy and venal crony capitalists on the AIM Casino who care about nothing other than lining their own pockets and funding the coke and hookers. Shareholders are just there to be screwed. All of the guilty parties are named and shamed and the lies exposed in this scorching podcast. Yes. I am angry.
Yesterday afternoon I revealed how AM casino failure of a company Independent Oil & Gas (IOG) was trying to get away a rescue placing. Its shares were, as I went live, 15.5p and barely traded. I also revealed that even though it had slashed the offer price to 10p it was struggling because, let’s be honest, this is a dog. The reaction of the company has been despicable, forced to fess up but aiming to mislead investors.
Over the past months we have seen an astonishing array of articles clearly demonstrating that company directors, Nomads, Brokers, Auditors – just about every profession involved in running AIM-listed companies – have broken rules or been negligent in performing their duties. Tom’s ongoing exposee on Quindell (plc), Daniel Stewart (broker and Nomad), KPMG (auditor to QPP) are recent examples. Ben Turney’s revelations about New World Oil and Gas show the most extraordinary behaviour by its management and by its Nomad – and now Broker – Beaumont Cornish. I’ve been a right old bore about Digital Learning Markerplace plc from 2012 which has posed questions about its management, Broker, Nomad and Auditor. There are more. Many, many more.
We hope that this cartoon which is more than 150 years old explains how the LSE came up with the idea of the AIM Casino. The many bring their wealth in and buy shares and the money goes to the managers of the offerings (City Crony capitalists) and the Directors. Shimple, sheeple. To win today’s contest simply post your captions in the comments section below.
As ever there was no shortage of readers keen to stick the boot into near bankrupt crony capitalist AIM Casino advisor Daniel Stewart (DAN), the firm run by Peter Shea that made millions floating Quenron (QPP). Earlier this week we revealed the shock picture of its IPO department headed by smooth talking Paul Shackleton and asked you for your captions. And the winner is:
Once again this website has exposed fraud, lies and deceit on the AIM casino – with regard to New World Oil & Gas (NEW). The statement from today vindicates everything that we have written and it has vindicated our approach. To the Bulletin Board Morons who attacked our articles as they averaged down I have no sympathy. You were warned but you insulted us. And you know who is next….
You could not make this up, Daniel Stewart (DAN) the City Crony capitalists who make their cash from advising firms on the AIM Casino has today admitted that it is truly financially buggered but not so utterly buggered that it can’t afford lavish champagne receptions at Christmas. Having made millions floating Quenron (QPP) and the China frauds Naibu (NBU) and China Chaintek (CTEK) as well as raising cash for blue-chip Globo (GBO) this is a comedy that keeps on giving.
AIM casino posterboy Mopowered (MPOW) has today announced a rescue placing at 5p. It was listed at 100p on December 18 last year. It was trading whilst insolvent until today and has been for weeks. The shares are now 8.125p so investors have lost 92% of their cash in just over nine months. But it is not all bad news: the lawyers, brokers, nomad, accountants and PRs assisting this POS will – after commission today – have now made more than £1 million from the firm. It is coke and hookers all round for the Crony Capitalists of the AIM Casino, and hard cheese for the shareholders.
This article appeared in the Chinese publication Caixin Online at Christmas 2012. Staff reporter Qu Yunyu has done a superb job. It should be required reading for the crony capitalists round at Daniel Stewart, Allenby Capital and Abchurch Communications as well as AIM Regulation and for anyone mad enough to hold shares in Naibu (NBU), Camkids (CAMK) or China Chaintek (CTEK). It is explicit about what has gone on. If you own shares in any of the Fujian companies on the AIM Casino you should sell them all at once. The article – with a few choice sections in bold from me - reads:
MoPowered Group (MPOW) raised a gross £3.64 million at 100p when listing on the AIM Casino on December 18 2013. The shares now stand at 20.5p valuing this POS at just over £3.2 million. And while it says that it is going ahead with a £3.5 million fund raise you’d have to be mad to subscribe as this has red flags all over it. Death is all this deserves.
Yesterday evening I was doing a bit of frigana chopping at the Greek Hovel and I heard a rustling in the bush I was approaching. I know enough by now to realise what was making the noise and beat a hasty retreat. But the stench of corruption on AIM tells me where the real snakes operate. It is a cesspit for crooks and crony capitalists who systematically transfer wealth from the many (mug investors) to the few (themselves). I have had enough of this for one day and am heading back to the fields to face real snakes. They are less loathsome. There is a solution but the London Stock Exchange does nothing. It is guilty of abetting financial crime by its inaction.
I do hope that someone round at Daniel Stewart, Nomad and Broker to AIM listed China fraud Naibu (NBU) has learned to read Chinese since the crony capitalists FAILED to do adequate due diligence on this POS before it listed. Because I have a little press cutting for you chaps from 2008. If you are not too busy spending the £600,000 you have made in fees from Naibu in the past 18 months you need to read it and then resign at once as Nomad and broker and have the shares suspended. This is a bombshell.
I think that it is now 100% clear that Naibu (NBU) is a fraud. It is only a matter of time before it goes to 0p or is booted off the AIM Casino. But where did it come from and is it unique? Meet Zedex Capital. What follows will shock you. It says so much about how corrupt AIM and the City advisors working on it have become. It is a scandal.
A revolution on AIM starts today. The days when small AIM stocks could only raise money at a huge discount with private investors excluded and screwed are now over thanks to a new platform Primarybid which is going live right now – this will screw lazy City corporate brokers and – hopefully – put the bucket shops to the sword by allowing private investors to directly offer funding to AIM stocks. Let me explain, this is revolutionary and brilliant
Another day and yet another profits warning from AIM listed specialist engineering group Redhall (RHL). This is a zombie company in that from an investor’s point of view it is just dead money. But it supports an army of crony capitalists, directors and various City parasites.
On 27th June, AIM listed Outsourcery (OUT) announced that it was holding a “Capital Markets Day.” Hmmm, this is an £12 million capitalised AIM listed POS with pretensions is it not? The company started with a raft of positive guff but then – if you had not fallen asleep and got to the bottom of the release – found that it was admitting that it was a year behind schedule and needs to raise cash this year to keep going. Now even prostitute researcher Edison is sticking the boot in – what it says and what management says look very different to me. Why would anyone refinance this train wreck?
This October the Crony Capitalists who make money from AIM will gather to celebrate another year of making money as Nomads, brokers, PR advisers, lawyers and overpaid directors at a lavish awards dinner. The poor investors whose wealth has been transferred to the crony capitalists will not need to get their DJ’s cleaned as awards for “excellence” are handed out. But if any pissed off peasants want to revolt we suggest you nominate now for researcher of the year Mr Kevin Ashton.
For the fourth time I have written to AIM regulation asking for a formal investigation into whether Roland “fatty” Cornish and his firm Beaumont Cornish carried out its supervisory duties adequately in the period June-September 2012 with regard to Digital Learning Marketplace (DLM), now Alpha Returns (ARGP), a firm then run by crony capitalists Angus Forrest & Bruce Leith who are now running Tern PLC (TERN) into the ground. This is prompted by the shock whistle-blower letter from July 17 2012 which I published in full yesterday, HERE.
Where do you start with the new posterboy of the AIM Cesspit, Tangiers Petroleum (TPET) and news yesterday that it has increased its fundraise from A$5 million to A$9 million? The whole thing stinks