Until today Nick Rowles-Davies was the best paid director at AIM Listed Litigation Capital Management (LIT) taking home a package worth A$1,116,399 in the 12 months toi June 30 2021, down from A$1,219,644 the prior year. But today he was fired with immediate effect. In its nauaseatingly woke annual report the company yaks on ad nauseam about transparency but…
I start with the wish of Joshua’s best pal to be a sheep in the school play. Like father like son, natch my boy is one of the three wise men. Then I ask if Andrew Bell will be fired at the Red Rock Resources (RRR) AGM before looking at Simec Atlantic (SAE), Feedback (FDBK), the fraud Chill Brands (CHLL) and my next missive to the FCA and British Honey (BHC) where, following up from my earlier piece, it seems an entire family was at the trough.
Two days ago we asked you HERE to guess the price of the bailout placing which Frontera Resources (FRR) needs ASAP to avoid going tits up. And, with the stock still 0.22p to sell, you said…
Shares in Angus Energy (ANGS) have plunged by 36% to 17.125p today after news from the Lidsey Field which cannot be described as anything other than disappointing. Hope meets reality. At some stage the same process will see shares in UK Oil & Gas (UKOG) crash. Let's start with Angus.
Deborah White should have been fired as boss of AIM uber-dog Milestone (MSG) so many times. The company has been a serial non deliverer, shareholders have lost nearly everything and Debs has made out like a squealer being amply rewarded for her abject failure. Then last Autumn was the crime that should have seen her go to jail
A hat tip to ShareSoc's Mark Bentley for flagging up the case of Dennis Proctor, the former CEO of oil services group Hunting (HTG), whose "retirement" is a total scandal.
At 7 AM yesterday AIM uber dog Blur (BLUR) announced its god-awful results. At 8 AM after a bailout placing had been approved its shares came out of suspension. In the 7 AM results statement CEO Phil Letts noted "I welcome the new board members to blur and look forward to working with them." It seems the feeling was not mutual. By 5.32 PM Blur was announcing that Letts was leaving. Make no mistake, he was fired.
Following on from my earlier piece about yesterday’s disgraceful episode at AIM-listed Milestone Group (MSG) in which the company ‘fessed up that £1.25 million of cash from a placing announced way back on 20 October, the shares for which were admitted to trading on 31 October, had not turned up, ShareProphets has learned the name of the firm at the centre of yesterday’s controversy.
Under its old management led by John Wisbey, Lombard Risk Management (LRM) used to make profits and pay dividends. How fucking old hat and boring is that? Think like a millennial and get the cashburning vibe, that is the way forward and who better to do that than a man fired by Oracle (yet who boasts about his Oracle career ) & who was at the helm of a spectacular dotcom disaster, Phil "Interx" Crawford. Interims today score straight 10s for bullshit headline blather. But look at the hidden cashburn, extrapolate and panic.
The trainwrecking of Lombard Risk Management (LRM) by Phil "InterX" Crawford continues apace with another bailout placing. The funds managers, it seems, cannot get enough of Phil because the fund managers are too young to remember the InterX scandal, because someone has airbrushed that scandal from google history as revealed here and because of Phil's glittering career at Oracle of which he always boasts. Really Phil?
Corero (CNS) had, in Finncap, an existing Nomad and broker who the City thinks are acceptable although I regard them as complete & utter bastards. But I am even more scathing about Quindell's pals at Cenkos and today Corero (CNS) has appointed those mothers as its new Nomad and broker, 24 hours ahead of its results.
Under a single transferable vote system Zak Mir would undoubtedly have been fired by ShareProphets at midnight. But our poll operated under first past the post and so he survives – it seems our readers just could not agree on why he should be fired.
It is a year to the day since Andrew Piggy Austin of Igas ( salary £670,000) told investors he was buying shares when in fact he was dumping a net £7 million worth in his dodgy loan deal with Equities First Holdings LLC. In the 365 days that have followed shares in Igas have crashed from 135p to 35p. So when will Piggy get his much deserved P45?