During the next 24 hours I shall be publishing a number of articles showing that AIM listed ADM Energy (ADME) has consistently misled investors as to the state of its finances while raising money in new placings. I shall look at where some of that cash went and who was aware of it, including former Tory MP Sir (now Lord) Henry Bellingham of the the 3DM fraud infamy who is a NED. At the end of the series you will be in no doubt that this company’s shares are utterly worthless and that those hawk like watchdogs at AIM Regulation, the folks fomerly referred to as the Oxymorons, should be swooping to feel collars both at ADM but also acting against its advisors. I start with a letter sent to the Winnileaks service which ADM received on 9 July 2021.
The curse of former Tory MP, Tony Baldry of 3DM infamy just will not go away. When oily Tony joins a company, he will make a packet and the shares will tank. That is one of my golden rules of investing and slimy Tony’s record in this respect is unblemished. So to the latest warning from Westminster (WSG), a turd which Tony tries, and fails, to polish.
If a company is run by Adam Wilson of Atlantic Carbon and Daniel Stewart infamy and also hires former Daniel Stewart boss Peter Shea on a chunky retainer the word that instantly spring’s to mind is sleaze. Another few words are inevitable long run value destruction. And that brings me to this morning’s announcement.
Yesterday, I revealed how David Lenigas of Horse Hill infamy and a bunch of disgraced financiers were going to book 900% gains made in just two months via the Aquis listing of Hydrogen One. I am afraid that it gets much worse and NED Fungai Ndoro, who appears to be the only person involved in this nest of vipers not to be given cheap stock, must surely be considering her position.
If this rings any bells it should. Ben’s Creek Group PLC was only incorporated on 11 August 2021 with the “colourful” financier Adam Wilson of Daniel Stewart and Atlantic Carbon ( another US coal dog) infamy the driving force. Now it plans to raise £7 million valuing the shite within this company at £28 million. There is so much that I doubt Optiva and Allenby are telling mugs who are ponying up ahead of an AIM sewer listing in two weeks time.
Last night at 5.20pm AIM-listed Rurelec slipped out its full year results to December 31 2020. Given that its previous team of directors slipped out of the door since period end, the evening of Boris Johnson’s cabinet reshuffle looks like a good time to bury bad news.
It is only two weeks since Crowd For Angels, the world’s worst crowdfunding firm, closed its failed attempt to raise £500,000 for the serial liars at Verditek (VDTK) and now we get interims which tell you that, by Christmas, those fools lured by Richard “Gollum” Gill’s grotesquely misleading financial promotions into backing the bond will be at risk. These numbers are a disaster for the company led by Tory toff Lord Willetts. Insolvency beckons.
The top non-Tom article this week is BREAKING: Powerhouse Energy – Sleazy ex Tory minister Tim Yeo lies under oath as found guilty of financial crime by Peter Brailey at number one or number seven if you include the Bearcast and Tom’s new shareshow.
Nomad and broker SP Angel of the fraud MySquar (MYSQ) infamy specialises in shite penny dreadful mining stocks and its lead analyst is John Meyer who also has a gig doing videos for interactive investors. And here John and ii score a perfect fail for transparency.
First it was the CEO, then a NED and now the CFO has quit, drowning in debt, AIM dog Lekoil (LEK) of fake sheikh infamy. But the resignation letter of Edward During is dynamite. Lekoil itself has not put out a statement on this matter but Lekoil Nigeria, which it owns 40% of and seems to be at war with, has. Kerboom. How long can these shares remain unsuspended? Is the Nomad, hapless SP Angel of the fraud MySquar infamy, not considering whether to walk? It should be but, then again, it is morally bankrupt.
The comedy continues at AIM uber-dog Lekoil (LEK) of fake sheikh scam infamy. Three directors of Lekoil have today resigned and have written to AIM Regulation asking those crack regulators to investigate the company. Cripes do they not know about the Oxymorons? You may remember that on June 10 Lekoil fired its CEO, Mr. Olalekan Akinyanmi. On the grounds that he was also CEO of Lekoil Nigeria in which the AIM dog has a 40% stake.
I start with four companies to boycott: Octopus Energy, Grolsch, Nivea and Kopparber. Not that it will make any difference. I then battle EasyJet (EZJ) to get my own money back and discuss why i would not own its shares. Then onto Bidstack (BIDS) which will meet payroll next week but will struggle in July, Verditek (VDTK) and finally Westminster Group (WSG) run by sleazy ex Tory MP Tony Baldry of the fraud 3DM infamy.
On Monday morning, Kefi Gold & Copper (KEFI) boss Harry Adams said he was unaware of anyone opposing a plan which would have seen him trouser a $1.5 million cash bonus – on top of his annual drawings of £337,000 – within two years just for doing his job. I made it bloody clear that I was livid and would vote against all proposals at the forthcoming AGM if Harry did not think again. Today he did the right thing and thought again.
The most read non-Tom article is There’s a good reason why the Tharisa share price has risen so much – if you want exposure to PGMs, then it’s a buy by Gary Newman at number 13, or number 21 including Bearcasts and Tom’s new shareshow. Which one is the best of the week? Tell me in the comments.
Not all of them. Certainly not daughter Olaf. But at least one of them has ruined my day and made me livid. Elsewhere I discuss Hurricane Energy (HUR), ADVFN (AFN), the fraud Zoetic (ZOE) and Westminster Group (WSG) and the curse of Tony Baldry of 3DM infamy. Ahead of another weekend training walk please be generous and donate HERE – £99 short of the one third mark!
I start with problems getting hold of my father’s estate because Link are fuckwits. Then onto Woodlarks where I make the usual request to the, now, 97.5% of you yet to donate, please do so HERE. Then a detailed look at IMC Exploration (IMC), Eurasia Mining (EUA) and Verditek (VDTK) with new evidence of its lying to investors goading me into action.
Thanks to Winnileaks I have obtained an email sent by Julie “lingerie on expenses” Meyer’s business partner Dr Rene Eichenberger on Friday in which he reveals a falling out and slates the shamed “entrepreneur” of Ariadne Capital infamy. Rene does not hold back and his LinkedIn profile does indeed show him leaving Julie at Viva Investment Partners and now working alone at a new firm. Natch Viva’s website shows Rene still on board. The email reads:
Why does anyone still use Hargreaves Lansdowne (HL) of Neil Woodford infamy? Its latest customer screw is for shareholders in Hammerson (HMSO).
There is news from the garden. Then a few notes on covid testing stocks. Then comment on Umuthi Healthcare (UHS) and finally a reminder of AIM Rules for Westminster Group (WSG) chaired by ex Tory MP Tony Baldry of 3DM infamy. There is also an explicit warning on Eden Pharma, a potential pot IPO.
Oh dear, there has been no RNS about this but it appears that Westminster Group (WSG), the serial AIM laggard run by ex Tory MP, sleazy Tony Baldry of the fraud 3DM infamy, has been very naughty and has been slapped down by the US FDA for making untruthful covid claims on its website. Tony: you are a scumbag. This is a shocker.
On 21 January, joke graphene company Versarien (VRS) published interim results which misled investors as to its net debt position by classifying a £1.96 million (illegal) Government loan as a trade payable not as a loan. Having deceived folks with this presentation, loathsome boss Neill Ricketts was again selling shares, this time 1.65 million of them. Now, after I complained to the Oxymorons at AIM Regulation and hapless Nomad SP Angel of fraud MySquar infamy, Versarien has ‘fessed. But even so, it does so in a misleading and deceptive fashion reinforcing why its shares are so utterly uninvestable.
For years, AIM sewer listed Bahamas Petroleum (BPC) has spun the line that all it needed was a farm in partner to unlock massive potential for oil in the Bahamas. For years I have called out CEO Simon “Harry” Potter as a useless and grossly overpaid promoter who should be fired – here is a piece from 2015. And warned that this stock was just not investment grade - you can see a series of exposes and scoops HERE. Sadly, Potter was not fired in 2015 and today – with him having hauled out well over £5 million in compensation – since his 2011 appointment when the spoof started, the house of cards has collapsed. It will get worse.
On Thursday 4th February at 7 AM a CBD company Cellular Goods announced its plans to raise £8 million on a £20 million valuation and join the (sub) Standard List, home to so many frauds and dogs. The night before, Sky News came up with the “scoop” that this news could be revealed as soon as the following morning and that David Beckham had invested and would soon sign a deal to promote the CBD skin product. Oooooooh a nice photo of Becks and blow off comment with no questions asked, this is the corrupt MSM and a PR drop all over again as I noted with the other listed company where Becks has “invested”, Guild Esports (GILD) the other day HERE.
The whole Eurasia Mining (EUA) story stinks more and more with each day that goes by. Today’s episode started at no-one is watching O’Clock, 6.02 PM, with a statement that begs more questions than it answers. You may remember that on January 27, shares in the company slumped by 40% as it emerged that the company’s high profile boardroom M&A Advisor Alexei Churakov had dumped 27.4 million shares at 29p. That evening, I revealed HERE how Company Secretary Keith Byrne had apparently been reassuring private investors who inhabited a secret Telegram group that this was not an issue as Churakov had left some time ago.
You would have thought that after the last scandal we exposed, where Zak Mir acted as a good German and posted on the private Telegram chatroom false ramps on the orders of a Eurasia Mining (EUA) director, the company would be a bit more careful about how it discloses information. Think again. Today the shares crashed by 40% as it was announced that M&A director Alexei Chukov dumped 27.4 million shares at 29p. On the “private and secret” Telegram chatroom punters panicked as we showed you HERE.
You would need a Nomad without any morals whatsoever to sign off on junk like this. Luckily Versarien (VRS) employs SP Angel of the fraud MySquar infamy so that’s alright then. These, delayed, numbers for the six months to 30 September 2020 are just piss poor, and also deceptive.
In its 25 year history, Eden Research (EDEN) has only ever reported one six month period when it made a profit. And that was down to a Panama Pump accounting fraud involving Terpenetech. But today its shares are racing ahead thanks to an endorsement from the London Stock Exchange (LSE). I despair and ponder retirement.
How many letters have I written to the Oxymorons at AIM Regulation about the lies and market abuse committed by Versarien (VRS)? To their credit, the Oxymorons have, on a number of occasions, forced Versarien to issue a new RNS fessing up to various ghastly truths so they do heed my words sometimes. Anyhow, Versarien has told another porky today and so I have written again.
Notwithstanding the receipt of an illegal Government loan from Neill Rickett’s Tory chums and the fact that it had one massive death spiral from Lanstead in place, the cash position of Versarien (VRS) has – as oft predicted here – become so grim that it has had to set up another death spiral to keep the lights on. There is also another daft acquisition which will only add to the cashburn and naturally all this bad news is wrapped up in a grotesquely misleading release which only a Nomad as bent as SP Angel, of the fraud MySquar infamy, could have signed off on.
Three announcements came this morning from Westminster Group (WSG), the cash-guzzling AIM promote run by sleazy ex Tory MP Tony Baldry of 3DM infamy. All add to Tom Winnifrith’s 5th rule of investing: If the porcine piece of slime Tony Baldry is involved, sell.
Broker JubCap, whose financial woes we exposed here, is now in administration. It is an ex broker and not one that the world will miss. So who is next? Well, all the signs are that Novum, the bucket shop which employs king spiv Jon Bellis and has Gavin Burnell of Globo infamy working there even though he is not authorised to do so by the FCA, is in the merde. I suggested 66 days ago that its financials were so bad that the FCA needed to have a look and, for once, it seems the chocolate teapots have done more than that, acting on what I exposed. I count this as a win for the Sheriff so it’s ouzos all round at the Greek Hovel today. But how is Novum in such a mess?
I have today, finally, got around to asking the FCA to investigate the covert work being done by unregulated Gavin Burnell of Globo and Beaufort infamy for bucket shop broker Novum. But maybe there is a reason why Novum has to swim in the gutter...it needs the cash so badly.
It is like extracting teeth. Getting the proven liars at Versarien (VRS) and the morally bankrupt evil PR spinners at Yellow Jersey, of the Frontera fraud infamy, to tell the truth, the whole truth and nothing but the truth is a nightmare. And we are still not there yet. Today, however, the company has been forced to start to clarify.
Some of you fell for my April Fool - wow! thanks for the messages of congratulation! In yesterday's bearcast I argued that banks had to abandon paying dividends pro tem. Now under pressure they have agreed to do so. I now give you five little or big case studies showing why a banking crisis is inevitable. Then I look at Nostra Terra Oil & Gas (NTOG), Bluebird Merchant Ventures (BMV), where I am a very excited and supportive shareholder but think the chairman must be fired after today's news, Bidstack (BIDS), Plutus Powergen (PPG) and the associated POS companies and Westminster Group (WSG) where repellent slug and ex Tory MP Tony Baldry of 3DM infamy shows again why he is the unacceptable face of capitalism.
Yesterday Versarien (VRS) announced a death spiral on steroids which will only postpone bankruptcy and will see the share price shredded but the RNS was, I believe, an exercise in market manipulation and market abuse. Only a Nomad like SP Angel of the fraud MySquar infamy, could have signed off on it. I have written to the regulators demanding that, again, they take action
Versarien (VRS) this morning announced “subscription to raise £6 million”. Folks looked at the headline and the shares soared to 31p. Ha! Mugged by Ricketts again! Then they read the release. It is bullshit. Death spiral provider Lanstead is not putting up a cent up front and the total amount handed to Neill Ricketts’ bag of shite company over the next two years could well be well below its monthly cashburn! Ricketts really is the most shameless bullshitter and only scumbags like SP Angel, who took over as Nomad after Canaccord resigned, would sign off on such misleading gibberish which contains one MONSTER lie.
I am not saying that Versarien (VRS) should be slung off the AIM Casino although it is a worthless POS heading rapidly for a cash crisis as it, again, runs out of other people’s money. However, the latest expose about the antics of its CEO Neill Ricketts makes it abundantly clear that he is not fit to run a listed PLC. Since Nomad SP Angel of MySquar infamy will act for any old fraud and does not care I have written to AIM Regulation, which yesterday- after communications from me – forced the company into a fourth fess up RNS in a little over a month - asking that it force him to stand down from the Versarien board.
In these volatile times shares can move wildly in both directions for all sorts of reasons. And after any sharp movement the regulators will put a call into the company, or on AIM to its Nomad, after if, perhaps there is something that it might wish to release via RNS.
The Sound Energy (SOU) shareholder action group now has more than 300 members and speaks for 9.5% of the, in my view, almost worthless, equity. At 10% it can call an EGM and seek to oust the board. And if you own any stock in the company I urge you to contact me at firstname.lastname@example.org NOW and here is why….
Yesterday, for the third time in less than a month, Versarien (VRS) was forced by an article on this website and then by AIM regulation to come clean on something, this time a founder director dumping all his shares. Let’s go for a fourth win, the relationship, or lack of it, with BIGT. My letter follows.
Who the hell is William Battrick you say? Easy, he was one of the founders of Versarien (VRS) and so knows the company better than most folks. Indeed William was a director up until 10 March 2016. In 2015 he helped ramp the shares, buying 54,000 at 17p to take his holding to 7.69 million shares, 7.3% of the then equity.
We know that Bobbie signed off on most of the untrue and fraudulent releases issues by Quindell (QPP) so perhaps he will sign off on anything? But the February 4 2019 RNS from Versarien (VRS)? Really?
When forced to fess up on 21 January 2020 that its, much RNS vaunted, US hub was in fact a serviced office with no staff, cash strapped Versarien (VRS) tried to sugar coat the pill by referring to discussions with a leading US tyre manufacturer. That rang a bell. For whom the bell tolls, etc, etc.
I think Mark did the right thing at the Future (FUTR) AGM but do not know as my friend might be a former friend as he does not seem to be speaking to me. I cannot think why. I discuss this and what next for Future. I announce a 4th Rogue Blogger for Woodlarks and as we hit 2% of target beg you to sponsor us HERE. I discuss the strange lack of news from the stricken Gervais Williams Smaller Companies Fund and what it means then look at Eurasia (EUA) en passant, Miriad (MIRI) in some detail and the horrible problem poor Bobbie Hilliam of Quindell (QPP) infamy faces with Versarien (VRS) after today's shocking expose.
In today's podcast, interrupted by the pest Lucian, I look at Chris Akers and what he knows about Dev Clever (DEV), at Versarien (VRS) and an RNS from February 2017 which I urge its hapless Nomad Bobbie Hilliam at Canaccord to consider carefully as his client runs out of money again, at Andalas (ADL), Eurasia (EUA) and Tesla (TSLA). I consider the woes of Bidstack (BIDS) and a company with even less money, the curious trading statement from Zoetic (ZOE) and then do the maths, again, on UK Oil & Gas (UKOG).
I am not saying Future (FUTR) is a fraud just that the way it has responded to Matt Earl's devestating dossier will make my pal, the King of the Fraudsters, so incredibly proud. At last someone is following his advice on how to deal with critics. I also look at Burford (BUR), Big Dish (DISH), NAHL (NAH),Nostra Terra (NTOG), St James Place (SJP) who I suggest hires Elizabeth Holmes and Julie "lingerie on expenses" Meyer at once, Versarien (VRS) and Arden Partners (ARD), home of the China fraud specialist Mr Paul Shackleton of Naibu (NBU) infamy.
Over the weekend I flagged up more questions that are begging about the purchase of DMS Holding 2017 Limited announced by uber dog Toople (TOOP) on Friday. So far no response. So here are a couple more for financial advisor Cairn, of Cloudtag infamy, to ignore completely.
Having sent a missive to AIM Regulation yesterday concerning AIM-listed Haydale (HAYD) and its Trading Update which appeared to admit to contravention of AIM Rule 11, the company issued a clarification RNS which appeared to me to completely contradict the original one, and both were signed off by Nomad Arden Partners under the watchful eye of the fine upstanding Mr Paul Shackleton, of China-fraud Naibu (NBU) and Daniel Stewart infamy. Call me old-fashioned, but the two statements appear to me to be impossibly contradictory – and that brings me to AIM Rule 10. Thus I have written again to AIM Regulation.
Yesterday I showed that AIM-listed Haydale (HAYD) appeared to have been breaking AIM Rule 11 upon the disclosure that a new line in the States had seen commissioning delayed until November, despite the company appearing to have told the market that it had been in commercial production since last June in an RNS dated 15 October – when one now presumes that commissioning was known by the company to be delayed.
Versarien (VRS) insists that it has one full time employee in the United States, a Mr Brian Berney. But does it?
ADVFN (AFN) sister company Online BlockChain (OBC) shares a Nomad in Roland "fatty" Cornish. If you read the 2019 accounts you will be squealing with laughter yet the shares have rocketed 58% today. Why? No doubt Roland is on the ball and a statement will be forthcoming. I look at the madness at Davos, signs of peak bull market insanity and at the news from Westminster Gtroup (WSG) chaired by repellent pig The Right Honourable Tony Baldry of 3DM infamy.
Two days ago Versarien (VRS) was forced by AIM Regulation, following a complaint by me, to ‘fess up that its much vaunted US “hub” was in fact an empty serviced office where nobody works. But in that ‘fess up RNS it made another claim which may or may not have been verified by the hapless Nomad, Bobbie Hilliam of Quindell infamy, now working at Canaccord. Thus, I have again written to AIM Regulation as you can see below.
I have today written to the Oxymorons at AIM Regulation with regard to Remote Monitoring Systems (RMS) and its disgraced Nomad SP Angel of Mysquar (MYSQ) infamy, asking if monthly management accounts can be produced to justify statements made just three weeks before the last bailout placing on October 18. If they cannot be produced the regulator needs to take severe action against the company and its Nomad. I write
Neill Ricketts has already had one bollocking from his Nomad after his twitter comments forced, thanks to my efforts, his Nomad to force Versaien (VRS) into issuing an RNS "to clarify". But the poor old Nomad must be livid after this spat last night. Remember that results are on bury bad news on General Election day. It started when Neill did not like a tweet from a chap called EasyBrent to which the shameless ramper responded...
Yes that shameless promoter James Parsons of Sound Energy (SOU) infamy has a new stock to promote to the gullible. I discuss Sound and his new grossly overvalued POS Regency Mines (RGM). I also look at what was Strat Aero, Remote Monitored Systems (RMS) asking ,in light of today's news, if it has committed securities fraud? Has hapless Nomad SP Angel of Mysquar (MYSQ) infamy asked to see management accounts for Geocurve from July to today? If not why not?
In today's podcast I look at Brady (BRY), Westminster Group (WSG) the dog run by disgraced former Tory MP Tony Baldry of 3DM infamy, Inspirit (INSP), Koovs (KOOV), Neil Woodford dog Verseon VERS) where it must surely be almost lights out time and at IQE (IQE).
I have never been a fan of this dog from the AIM Casino kennels as my scathing coverage on this website demonstrates. But now a shareholder appears to show that Scotgold Resources (SGZ) has committed market abuse. I'd go further, I believe that it has deceived investors on an industrial scale as to its cash needs, ahead of an equity refinancing. After publication of the company's annual report the shareholder has written to regulators flagging up the issue. I will now be contacting regulators and also the company's shameless and disgraced Nomad SP Angel of MySquar and BlueJay Mining infamy, to pursue this matter. The shareholder, Mr C, writes:
Oh dear, oh dear, Iconic Labs (ICON), run by toxic Dave Sefton of Anglo African Oil & Gas infamy, has issued another statement on its acquisition of the LGBTI website Gay Star News. And it is still misleading its legion of daft followers. Why cannot it get the story straight. I provide, in bold, the ShareProphets translation service below.
There are some contests where you want everyone to lose: The FSA vs ISIS vs Hezbollah in Syria, the Democratic primary once Tulsi Gabbard pulls out, a tournament involving the English rugby team and the German and Argie soccer teams. You get my drift. And that brings me to Aussie ambulance chasing lawyers Slater & Gordon (SGH) of Quindell infamy. I have a word of advice for S&G.
Global Resources Investment Trust (GRIT) of Sam Hutchins infamy has received a request to hold an EGM an sack the entire board I can reveal. Oddly it has yet to inform shareholders and so, as a good citizen, I bring this news to a wider audience.
Hapless Nomad Cairn Financial of Cloudtag (CTAG) infamy has been contacted by both email and phone, to establish whether it has done, as it should do under FCA Rules and contact the FCA regarding suspicious share trades ( i.e. insider dealing) in ADM Energy (ADME) by Dubai Royal Shaikh Ahmed Bin Dalmook Al Maktoum. There has been no reply. To focus the attention of Tony Rawlinson, Liam Murray and Jo Turner round at Cairn, here is what appears to have happened. A timeline.
Shares in ADM Energy (ADME) are almost certainly, more or less worthless, as Gary Newman explained here. Those who paid c20p at peak “Sheikh on the Make hype” for the shares must be spitting nails. The object of their anger should be Nomad Cairn Financial, of Cloudtag infamy, to whom I have written today cc’ing in AIM Regulation and the FCA. The letter follows.
In today's podcast i look more at the Sheikh on the make at ADM Energy (ADME) and the failure of Nomad Cairn of Cloudtag (CTAG) infamy. Just how big is that failure? Then a few words on Neil Woodford and finally I discuss the full extent of the possible regulatory horrors which follow on from today's shocking breaking news on AIM "superstar" First Derivatives (FDP) . Update First now says the lawsuit that could have bankrupted it was withdrawn ( it has not said why) on Friday. That does not explain why there was no RNS on Wednesday.
Yesterday AIM uber-ramp Versarien (VRS) was forced to issue a statement about a tweet posted by its boss Neill Ricketts the day before as a result of Thursday's bearcast and an email I'd sent to regulators that day. But the response itself is nonsensical and raises the very real question of whether Ricketts sold shares in April while sitting on inside price sensitive information. I have thus sent another email to regulators at AIM Regulation (the Oxymorons) and to Bobbie Hilliam of Quindell infamy who acts as Nomad to Versarien at Canaccord.
On Wednesday Versarien (VRS) held a 'Transport Infrastructure Technology Preview Event' for 12 'randomly' chosen investors. The whole episode stinks and the hapless Nomad, Bobbie Hilliam of Quindell infamy, now at Canaccord, should be forced to issue a statement
On today's podcast I discuss Westminster Group (WSG) run by ex Tory MP Tony Baldry of 3DM infamy, Metro Bank (MTRO), the Sith Lord Zak Mir, Sam Antar, Optibiotix (OPTI), Inspirit (INSP) and Dev Clever (DEV) - when are its (sure to be dire) results?
Yesterday, shares in Versarien (VRS) raced ahead by 10% as it announced an order with an (un-named, natch) US oil and has explorer for 12 kg of its high purity graphene nano platelets (GNP-HP) integrated into a polymer masterbatch by Neill Rickett’s great British Company. But the RNS did not spell out the value. And doing his, almost, weekly ramp on Justin the Clown’s promotional limp dick podcast he again refused to say. So here is some hard maths: I suggest this order may be a spoof.
The demented Bulletin Board and twitter followers of Versarien (VRS) boss Neill Rickets claimed the court documents I published HERE covering two fraud charges were false. Or that I had the wrong Patrick Abbott. Or that I was just making it all up to please my masters in the global shorting conspiracy.As ever the morons were wrong. Versarien has finally bowed to our pressure and let Abbott, who was only appointed a few months ago, go as head of its US operations.
The Sheriff of AIM is surely entitled to a celebratory breakfast ouzo at his hovel in North Wales? On Wednesday I flagged up a profits warning from the Krauts at Siltronic and suggested that IQE (IQE) was likely to follow. Less than 48 hours later the Cardiff dog duly barks. As a long term bear I have repeatedly warned silly sell side analysts, Thirsty Paul Scott and others that this company is a crock…once again I stand vindicated. And so to detail….it is grim.
Last week I revealed that the man who was to take Versarien (VRS) forward in the USA, Patrick Abbott faced two new charges of fraud which could see him going to jail for 20 years and that his lawyer had quit. Abbott, a man whose skills will be "invaluable" to Versarien according to boss Neil Ricketts, responded on twitter saying this was fake news from TW. Oh dear. The indictments are below, Patrick you are a liar.
News yesterday from BlueJay Mining (JAY) continues to underscore my view that the company needs to carry out an extensive capital raising exercise in order to progress on its Dundas field in Greenland. The word on the street is that it is sounding out mugs about a placing at 5p a pop.
And so having promised us 2018 sales of £7.2 million and an EBITDA profit on January 29, simply to get a bailout placing away on February 8, the ghastly truth now emerges. Westminster’s (WSG) 2018 results are shite and bar an accounting fudge they would have shown the group as insolvent. Let me explain.
If Westminster Group (WSG) was regulated by the SEC not the weedy poltroons at the FCA and the Oxymorons at AIM regulation, shamed ex Tory MP Tony Baldry of 3DM infamy would this morning be sweating like the dirty pig he is. Let me explain.
On 29 January 2019 Westminster Group (WSG) the dog chaired by ex Tory MP Tony “fatso” Baldry of 3DM infamy issued a ramptastic trading statement to ramp its shares up to 12p allowing it to do a bailout, keep the lights on, placing at 10p a few days later. Now, as it prepares for its next bailout placing we have more grim news marking the company out as utterly uninvestable. First the mess of its accounts.
I have highlighted before the curious way that Gavin Burnell of Globo (GBO) infamy was working at Novum Securities even though the FCA had not re-authorised him to conduct investment business following the demise of Beaufort Securities. All good things must come to an end.
Tom Winnifrith writes: It looks as if Reach4Entertainment (R4E) has made a great acquisition and as a long suffering shareholder I suppose I should be happy and say that we can all look forward to sunlit uplands. And maybe we can but I think I must be honest with you and come clean.
Cabot Energy (CAB) which, as Northern Petroleum, once saw its shares touch 140p today admitted that unless it gets away a placing at a “deep discount” (its words) it will go bust by the end of January. Its shares, about which we have been warning for eons, have crashed by 59% to 0.625p. To think that, less, than a year ago, former CEO Keith Bush raised $16.5 million at 5p. All the money's gone.
Angus Energy (ANGS) shares may or may not be cheap on fundamentals. That debate is for another day. But weighing down on this company is one almighty issue of corporate governance: the lies its founder Jonathan Tidswell-Pretorius told about his dealings with loan provider America 2030 in June 2018 and the cover-up that continues to this day.
Northland yesterday ‘fessed up that it would be surrendering its Nomad license on 1st February. If you think that this “surrender” is a voluntary act you are the sort of person Nigerian Generals dream of adding to their email list. So 28 clients need to find a new Nomad to take them on and complete due diligence PDQ as DD takes a while and the Christmas holidays beckon. No new Nomad and the companies below will be slung off AIM.
Matt Earl has already done valuable work on First Derivatives (FDP). But is there a smoking gun? Let's rewind sixteen years...2002 was a tough year to launch a tech IPO.
Oh dear, oh dear. At what point will those who have backed this crock of shit decide that it is not worth chucking any more cash down this black hole. I know that free speech denying boss Rob Proctor and his relatives on the payroll need jobs but but this company is just a disaster zone. As he wakes up for a meeting with Karma today, Proctor tries to polish the turd but today’s lack of profits/almost out of cash warning is his worst yet. And that takes some doing given his track record of abject operational failure and of consistent value destruction
As avid readers of ShareProphets will know, we have been bearish on Imaginatik (IMTK) for ever – firstly for being a duff business, secondly for being a Rob Terry of Quindell infamy stock market darling and more recently because it was going to run out of cash. Despite all that, we almost tipped it as a short term play when the saintly Vin Murria was announced to be considering getting involved but were scared off big time by the share price reaction (the stock shot through the roof) and advised many times that readers give it a wide berth, partly because they would be over-paying and partly because Vin Murria could walk.
Today I explained HERE the mounting Badger scandal at cash-strapped Andalas (ADL) as it gears up for a bailout placing. In this podcast I explain why all involved should be concerned that they are not party to Securities fraud, notably Nomad Beaumont Cornish and broker Novum Securities - home to scallywag Gavin Burnell of Globo (GBO) infamy. This is a real test case for the integrity of the AIM Casino and I explain why.
When a good company meets the salary expectations of “porker Baldry” of 3DM infamy as its chairman it will inevitably become a cash guzzler. When a bad company finds the loathsome lard bucket at its helm the outcome is not going to be a happy one for shareholders. And that brings us to Westminster Group (WSG) which has raised a paltry £500,000 (gross) today via seedy low grade bucket shop SVS just to keep the lights on until Christmas.
AIM Cesspit poster boy Strat Aero (AERO) has today announced that it has upped its stake in Gyrometric Systems Limited from 36.9% to 57.7% by issuing £273,000 “worth” of worthless pieces of confetti ( 23.8 million shares). Whoopie do.
I had not realised that shamed tipster Mike Walters of Minmet, Polly Peck, 3DM (and the rest) infamy was promoting Bluejay (JAY) but the kiss of death from Old Mother Walters is just another massive red flag. With disgraced Nomad SP Angel of MySquar infamy still refusing to say whether it dumped millions of shares while urging clients to buy, this stock is uninvestable. In that light I bring you a piece out yesterday from Richard Jennings which adds to the growing bear case. Over to the boss of Align Research...
Natch, shamed and disgraced Nomad SP Angel of Mysquar (MYSQ) infamy is still refusing to say whether it dumped shares in Bluejay Mining (JAY) while advising its poor clients to buy. But I cannot blame it, if it did dump because the £132.8 million market cap – at 15.25p – is frankly barking. In large part that is because the climate for mining in Greenland is just very hostile, something SP angel neglects to mention in its ramptastic research.
Prompted by a reader I wonder exactly what Gavin Burnell of Globo infamy is doing round at Novum Securities these days?
There is one aspect of the latest commentary from Align Research regarding Alba (ALBA) and BlueJay (JAY) with which I disagree strongly. Align argues that Alba must be cheap becuase it has similar assets to Bluejay and the Horse Hill stocks yet trades on a fraction of the ratings of Bluejay and the HH stocks. Surely it could just be that "the field" are grossly overvalued? Of Course I have very real issues with Bluejay and its shamed Nomad and broker SP Angel of MySquar infamy. But over to Align which opines:
We have news today that Pathfinder Minerals (PFP) has a new Nomad and broker in Strand Hanson and two new directors in Simon Farrell and Scott Richardson Brown. The former becomes non exec chairman replacing disgraced Nick not for the many but for the Trew but, Trew remains on the board. This is not good enough. It is time to drain the swamp. And it can be done at once. Here's why.
Shares in Westminster Group (WSG), run by loathsome ex Tory MP slug, Tony “fatso” Baldry of 3DM infamy have slipped again to just 9.2p to sell. Those who ponied up £750,000 in the last bailout placing at 22p, less than six months ago, must by now realise that backing a Baldry run company is financial hara kiri. But things are going to get worse. You see the money's almost gone....
That insolvent Andalas Energy (ADL) is undertaking a placing is no shock. It is insolvent with negative net current assets of at least £400,000 but thanks to some fairly sordid share ramping it has managed to raise a gross £1 million at 0.02p. The ramping of shares in this company with worthless assets is pretty unpleasant but what is laid bare in the news is the sheer greed of City advisers notably brokers Novum – of Jon Belliss and Gavin “I made £750k from Globo - Burnell infamy – and Optiva.
In this podcast I reflect on how the UK is going to the dogs commenting on South West trains and the award of the Orwell prize to a proven specialist in fake news. George will be laughing in his grave. I cover boardroom shenanigans at Telit (TCM), shameless ramping at Andalas (ADL) which is really worth 0p, Frontera (FRR), D day looms, Westminster Group (WSG) and the ambiguity of loathsome ex Tory MP Tony "Fatso" Baldry of 3DM infamy, Rossylyn Data (RDT), Dillstone (DSG), Cluff Natural Resources (CLNR) and its pomopus arse of a founder and Optibiotix (OPTI). now I see that evil PR spinner and crony capitalist Reg Hoare has donated to Woodlarks in support of the my sponsored walk with Brokerman Dan. we are now just £31 short of £9,000 and 45% of our target - go on, do the decent thing and chip in HERE
AIM-listed Haydale (HAYD) has offered the market an RNS this morning describing “Strong Commercial Progress”. Bearing in mind the profit warning of last week, and the inevitability of another bailout placing one wonders if this marks the appearance of pastures new in the distance, or whether it is just a pre-placing ramp.
I noted yesterday that Gavin Burnell of Globo infamy was one of the team at Novum Securities which raised £4.5 million for Audioboom (BOOM) at 3p – a placing which is already well underwater. How do I know? Because his name is one of three at Novum on the RNS. But here is a funny thing: Burnell is not approved by the FCA to conduct investment business! As you can see below, it reckons he is “inactive.”. I took this up with Novum boss Hugh McAllister…
The reference to scumbags John Belliss and Gavin Burnell is explained in full in this podcast which covers CyanConnode (CYAN), Audioboom (BOOM), Magnolia Petroleum (MAGP), Revolution Bars (RBG), Peter Schiff and the economy, AIQ (AIQ), Tern (TERN) and Haydale (HAYD). Both Brokerman Dan and I are now training with blisters. This weekend I move up to a 14 mile walk ahead of our 32 mile July 28 stroll for Woodarks. Thanks to all who have sponsored us. swe have now raised more than £8,000 with gift aid and are at 34% of our target. To those 90% of you listening who have not pledged, surely you can spare a tenner. You can donate £10 HERE.
Set to delist from AIM, drowning in debt, burning cash, run by the poltroon Rita Whittingham with her love of a bloated pay cheque for herself and family members, Magnolia Petroleum (MAGP) was already the laughing stock of the AIM Casino. But today it took its incompetence to a new level. At 1.43 PM it announced...
I have repeatedly warned against investing in Gavin Burnell of Globo infamy creation Magnolia Petroleum (MAGP). Drowning in debt, burning cash and paying vast sums to CEO Rita Whittingham and her ghastly relatives on the payroll this is a dog. Today the company says that it is going to try and sell some of its (crap) assets and to save £100,000 it will delist from AIM. It could save far more by firing its deadwood staff. The shares have plunged 65% and are now just 0.6p to sell. But you should sell. SP Angel guru, the City's No 1 oil analyst Zac "The Knife" Phillips sums up this farce perfectly.
Nick Trew, the CEO of Pathfinder Minerals (PFP) is currently attempting to fight off an EGM request to oust him and Toff Tory MP Sir Henry Bellingham of 3DM infamy from the board. Their record of non delivery should be enough to see them sent packing but another allegation has now been made which - if proven - would make their dismissal a black and white issue. Nomad WH Ireland and AIM Regulation must investigate this at once.
As Richard Jennings at Align prepares to respond to the woeful EGM defence of Pathfinder Minerals (PFP) incumbents serial trougher Sir Henry Bellingham MP of 3DM infamy and Nick "Not for the many but for the" Trew, a new player has emerged.
I do not always agree with Richard Jennings of Align Research. In fact he can be 100% wrong on certain matters. But on Pathfinder Minerals (PFP) he is bang on the money in trying to oust its useless board. In that battle he has today writting to NED Sir Henry Bellend MP of 3DM infamy. Over to Jennings who flags up a new dirty track Bellend and £170,000 a year CEO Nick "Not for the Many but for the " Trew are trying to play::
In this podcast I look at Fronterra (FRR) where I'm vindicated and my twitter pest of the week - a detergent salesman - is now even more out of pocket. I look at Greka Drilling (GDL) and at UK Oil & Gas (UKOG) where Lyin' Steve is now really taking the piss with his 0.4p options. Finally I wonder how close is Totally (TLY) to needing a bailout placing. With Allenby of Servision (SEV) infamy and the chap who assisted Quindell (QPP) at Cenkos on board it has a broking dream team in place. I take a detailed look. If you like bearcasts then remember that at UK Investor on April 21 - THIS SATURDAY - one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH.
The Sunday Times reveals that slimeball ex Tory MP Sir Tim Yeo and four other former directors of now bankrupt AIM duffer TMO Renewabales face a £20 million court claim from administrators Duff & Phelps. I do hope that Tory Toff Sir Henry Bellingham MP of 3DM infamy and Nick "Not for the Many but for the" Trew of Pathfinder Minerals (PFP) read the piece.
Pathfinder Minerals (PFP) has yet to fess up but it has been served with a new EGM request by Richard Jennings of Align, seeking to oust disgraced trougher CEO Nick "Not for the Many but for the " Trew and Tory Toff NED Sir Henry Bellingham of 3DM infamy.
Barely a day goes by when someone does not have a go at Nick "not for the Many but for the "Trew the man who has earned £170,000 a year for running Pathfinder Minerals (PFP) into the ground.
The word on the Street is that embattled Pathfinder Minerals (PFP) CEO Nick "not for the many but the " Trew is, via spiv bucket shop Keith Bayley Rogers trying to raise not £450,000 but just £200,000 at 0.6p. He is struggling to raise even that much because everyone knows he has been offered the same funds at a far less dilutive 1p but has rejected them. This placement is all about securing votes to win an EGM.
I do not agree with many things said by Richard Jennings of Align Research. But he is bang on the money on the merits of emigrating to Greece, on cats and on the desirability of removing hapless Nick Trew and Tory Toff Sir Henry Bellingham MP of 3DM infamy as directors of Pathfinder Minerals (PFP). Jennings has written to Trewly useless today and opines:
Having blotted his AIM CV in a big way with his involvement in the £65 million AIM fraud 3DM - even after its first bollocking from the FSA, the FCA as was, the toff Tory MP Sir Henry Bellingham has now been reported to AIM Regulation over seedy plans for a discounted placing at Pathfinder Minerals (PFP) which he is set to waive through to save his well paid job.
It is one month exactly to UK Investor Show. Book your seats today! In today's podcast I comment on retail generally but also on any company that says that it is talking to its banks and that they are "supportive." I look in detail at yesterday's results from Eden Research (EDEN). Would you Adam & Eve it? There's lots of snakes in that garden. I look at the request for an EGM of Pathfinder Minerals (PFP) to out useless Nick Trew and NED Toff Tory Sir Henry Bellingham MP of 3DM infamy. Sir Henry I have a score to settle and I have a warning for you about what I plan. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH
As you know I do not always agree with Richard Jennings of Align Research but on the matter of Pathfinder Minerals (PFP) he is spot on and I support his efforts to oust CEO Nick Trew and toff Tory MP Sir Henry Bellingham, of 3DM infamy, 100%. Jennings has published a new letter with a dire warning to anyone prepared to back Trew & Sir Hal. Perhaps the campaign slogon for comrade Jennings should be "For the many not the Trew." Maybe that needs work? Jennings writes:
In the excitement I forgot to mention Nomates but you can see a chart below that he'd rather you did not. It is self explanatory and my father wants to clarify that like Larry Cummins of Milestone (MSG) infamy he does not have a degree from Oxford. But unlike Lyin' Larry he has two. I discuss Milestone, Blue Prism (PRSM), AIQ (AIQ), 13 Energy (I3E) and focus on Frontera Resources (FRR) and include in my coverage the sordid role of fat bastard, that is to say Malcolm Graham Wood.
Yesterday I asked if serial self-promoter Julie Meyer was a bullshitter as she spun the news of the administration of her flagship Ariadne Capital vehicle. Oddly I have been besieged by folks seeking to offer a steer about this member of the Great & the Good. Let's start at Glassdor.com - where employees post reviews of what it is like working for a company. Ho Ho Ho - can you smell the rat?
At every opportunity Paternoster Resources (PRS) reminds of the vast discount to NAV at which its shares trade. Surely in such a scenario it should sell just a few shares it owns and then do a buyback of its own shares thus increasing NAV per share even more? Er...no.
Tomorrow we will run stories on 2 AIM listed companies showing evidence of wholesale lying and worse. I will show why even a small lie matters and why the real scandal is that in case 2 this is a leopard who is re-offending and the weedy spineless poltroons at AIM Regulation knew of his character before allowing him scope to re-offend. I also question why Gavin Burnell of Globo infamy is allowed to remain as a fox inside the regulatory chicken-coop while investigations into that fraud continue.
As he only visits those boys and girls who have been good this year I guess that Santa will once again feel no need to drop in on the Landau household, headed up by Pirate Pete of Range Resources (RRL) and many other companies, infamy. But for the rest of us there is an early present with news that the Pirate is in Court again. Happy days.
Shares in On Line (ONL) are - as I record - up c350%. Is this peak blockchain insanity or is Clem Chambers simply the greatest spoofer in the history of mankind? What happens next is the big question. Then I look at murky share dealings in Mkango Resources (MKA) by market abuser and serial fantasist Chris Oil. Does he not care about TR1 rules at all? Then it is onto Lombard Risk Management (LRM) where I have 2 more questions about its overdraft but a very big question about how the silky words of Phil "InterX" Crawford on July 19 tally with the utterly shite H1 results. Does Nomad Finncap of Telit (TCM) infamy care? I suspect it does not. I look again at BCA Marketplace (BCA) - THE BIG SHORT - in light of recent macro data. It remains a stupendous short. I look at management greed and an impending placing to fund that at Arian Silver (AGQ) and then at the dire interims from System1 (SYS1) and profits alert from Attraqt (ATQT). It is the former which remains a stonking sell even after today's share price collapse. And I have a question or two for AIM dog Advanced Oncotherapy (AVO).
At the weekend I flagged up that Westminster Group (WSG) was at death's door and needed a bailout placing ASAP. Today it announced that it has raised a paltry £750,000 gross at just 10p. Any company chaired by the loathsome ex Tory MP Tony Baldry, of 3DM infamy, is a no go for me but it seems that Mr Market agrees with the Sheriff. Here is why Baldry's Westminster is toast.
The following censure of Jason Drummond of Teathers (TEA) infamy is damning. It relates to his time at Media Corp (MDC) an AIM disaster story ending in bankruptcy. I think it is fair to say that Jason will not be sitting on any more AIM boards after this.
Credit where credit is due. Andalas Energy (ADL) the AIM dog created to fund the lifestyle of Dave "Rule Breaker" Whitby has announced that it has signed a legally binding deal to develop the Jambi-1 30+MW independent gas-fired wellhead power facility in Jambi Province, Indonesia and to procure gas from Pertamina, the global fortune 500 national oil company. Andalas will have a 49% stake in the project and state owned construction outfit PT PP Energy will have 51%. So far so good but hang on Henry!
We asked you a simple question HERE. Look at the mugshots of the honourable chaps below and tell us the odd one out. For those who could not recognise the ugly sisters they were (top row first, left to right): Dodgy bubble Costis from Greek fraud Globo, Roger Lawson ( NOT a fraudster), the king of the fraudsters Rob Terry of Quindell, lyin' Chris Cleverley of African Potash, Peter Shea of Daniel Stewart and Jimmyliar Ellerton of Sefton infamy. So who is the odd one out? No-one got this one correct.
Any company employing disgraced Nilesh Jagathia of Teathers infamy is a good bet either to go tits up or to get into a spot of bother for not filing documents properly at Companies House. And that brings us to Octagonal (OCT) PLC where clueless Nilesh does the books.
Yesterday I explained at length HERE why I would not touch Paternoster Resources (PRS) shares with a bargepole - they look cheap in relation to asset value but are not. Indeed I think that the real realisable NAV today is far lower than the last, March 31, stated NAV. Let us just look at an unlisted investment as a case study - Elephant Oil.
Another day and another director walks, a new strategy is adopted and yet more confetti is issued by AIM casino uber dog Mayan Energy (MYN), formally the hound known as Northcote Energy. But this latest move just makes no sense at all. Let me explain with a little bit of help from a friend....
And so the battle lines are drawn at Magnolia Petroleum (MAGP), the dash guzzling worthless AIM POS founded by Gavin Burnell of Globo infamy. On the one hand there is an overpaid incumbent board led by less than lovely Rita Whittingham and backed by an overpaid army of crony capitalist advisers. On the other side are Even Ainsworth from Nostra Terra (NTOG) and Zac "The Knife" Philips, the City's top oil analyst. Magnolia has accepted that a GM request to outs less than lovely Rita and appoint Ainsorth and The Knife is valid. So what is the voting maths?
Shares in doomed Advanced Oncotherapy (AVO) are now 15.25p to sell, compared to a 25p nominal price. That means that as death spiral provider Bracknor desperately tried to convert c£3 million on loan notes into shares to flog to eliminate its exposure under the spoof arrangement with Advanced it will demand fees of 40p for every £1 of loan note converted. As it scrambles to convert notes and flog shares before the fat lady waddles onto stage from the wings (where she is already warming up), the share price will continue to tank making things even worse. So what to do?
A crowdfunding appeal has been launched to take Jason Drummond & Nilesh Jagatia of Teathers (TEA) infamy to the High Court over a previous debacle Purple Lounge & AIM listed (now bust) Media Corp. It is claimed that investors were misled and also that client funds at Purple Lounge went missing. The allegations, and at this stage they are allegations, are very serious indeed.
Shares in ShareProphets AIM-China Filthy Forty play Jiasen (JSI) have collapsed by another 38% today (last seen) after admitting this morning that having called an EGM proposing to cancel its shares from trading on AIM and move to NEX (the lobster-pot formerly known as ISDX) the application has still not been made. This morning’s RNS makes clear that there is a deadline of tomorrow. Oh dear, oh dear, oh dear. Surely it could not be that NEX, which even found African Potash (AFPO) acceptable, has indicated that it doesn’t want the last remaining listed member of the Fujian Four gracing its exchange, could it? Or is it that the company never had any intention of getting onto NEX?
Oh dear, Oh dear, the Winnileaks service has already served up one horror for Murray D'Almeida of Beacon Hill Infamy but, pro tem, chairman of Management Resource Solutions (MRS) HERE. I think he should quit. D'Almeida has responded with a fascist lawyers letter which is based on another big fat lie - HERE. Oh well Murray, you keep racking up the fees with your clownish lawyer - Winnileaks today serves up an even bigger shocker for you. Go! Resign now you bastard!
Yesterday we noted the announcement from ShareProphets AIM-China Filthy Forty play - and one of the Fujian Four – Jiasen (JSI) that it was proposing to delist from the Casino. Having listed at 82p per share in 2014, the current 3.125p (mid, last seen) seems a trifle disappointing. Today the company has given its reasons for the proposal. Try not to laugh….
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.
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.
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)
I bloody well told you all that that Corvus Capital, the vehicle of uber-dodgy Andrew Regan had dumped all its shares in Cloudtag (CTAG) onto bulletin board morons ages ago. Natch the morons denied it all, insisting that the "visionary" Regan was still on board. Uh oh...Cloudtag has fessed up. Another small victory for the Sheriff of AIM.
Oh dear. Oh dear. It looks as if the cash position at John Gunn's boiler room Inspirit Energy (INSP) is getting so very tight indeed. With the shares slipping to just 0.24p to sell and there being no sign of jam tomorrow being turned into anything resembling an order, we have just been passed judgement in a court case which closed this week.
I owe every single reader of ShareProphets an apology. I mean this most sincerely and am deeply repentant for I have sinned. I hope that old father Stacey will this weekend pray for my soul and I ask each one of you for forgiveness. So here goes...
Equities First Holdings is back. You remember those chaps who "borrowed" shares from folks like Andrew Austin at IGAS, fraudster Rob Terry at Quindell (QPP) and Ronald Duncan at Cloudbuy (CBUY). Shares in all three companies crashed and all defaulted on the loans so completing what was in effect a hidden share sale. After almost two years the disgraced shysters of EFH are back and this time it is Edi Truell of Tungsten (TUNG) infamy who is dumping shares but wants to hide the fact.
A rushed day, back to hospital in five minutes. Ahead I discuss why mug punters and Justin the Clown love blue sky rubbish like Cloudtag (CTAG) but not value plays. I discuss three value plays I know well two of which we own: San Leon (SLE), Obtala (OBT) and Guscio (GUSC). Boring is sexy. Then I look at a non value stock mugs like, North River Resources (NRRP). Then I discuss how one plays the game: fraud hunter vs fraudsters and yes that might involve producing mugs!
ShareSoc, home to disgraced ramper Roger Lawson of blinkx, Globo and general infamy, reckons that AIM Can lose its Casino tag but needs reform. On the latter point that seems like a statement of the bleeding obvious but what does ShareSoc demand? Honestly you could not make this stuff up.
Who would you want running the AIM PLC board from hell? Naturally with Outsourcery (OUT) becoming his 39th business failure, or is it 38 I lose track, Dragon's Den flop Piers Linney has to be the CEO. I'd nominate that silly woman from Easyjet (EZJ) as Group Equal Opportunities Officer. The Chairman has to be the patrician twit Gibson Smith formerly at the LSE. The FD...check out the CV of Nilesh Jagatia of Inspirit (INSP) and Teather's (TEA) infamy now on the run!
Watchstone(WTG), the company formerly known as Quindell (QPP) has said that it turned down a share based offer from a private company for its hot-potch of useless cash burning and often fraudulent assets. That offer came from Tantalum, a company owned by mad Edi Truell of Tungsten (TUNG) infamy as I noted in bearcast yesterday HERE.
You may remember Justin Farr Jones of Beacon Hill infamy - the man of the uber dodgy share dealings with his pal the hairdresser (HERE). Apparently he is now a blogger and financial services guru. I'd rather take financial advice from a big issue seller than Justin but each to their own. Check out his - ultra-tedious - blog HERE.
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...
I am sure that Gavin Burnell of Globo infamy has done okay from bringing this piece of shit to AIM but one suspects that other shareholders in the crappy mining no-hoper that is Sula Iron & Gold (SULA) have fared rather less well. And so today we see that via the kind offices of JubCap (broker to Chris Oil and other members of the elite) we have another keep the lights on placing.
I’ve been noticing a lot of chatter on Twitter about a small AIM investing company called Onzima Ventures (ONZ), so I decided to take a closer look to see if all the fuss was justified!
Oh dear. Baby Bear called this one to 0p at Gold & Bears HERE since when shares in Fastjet (FJET) have soared but now the chickens are coming home to roost with Sir Stelios Haji-Ioannou warning that the company has misled investors and is facing a cash crunch.
Our old friend Tim Baldwin of TXO, RAM and Cientifica infamy is still at it. TXO (booted off the Casino in Mar 15) narrowly managed to avoid the stake through the heart when GBG did come through with a £250,000 loan to pay off some of the debt due on 31 Oct 15. Tim no doubt managed to convince the rest of his creditors – estimated at another £250,000 to give him more time. The question is, with the lobster pot closed to new lobsters, how to get more cash through issuing confetti? Easy..
Disgraced corporate adviser Daniel Stewart will have its shares thrown off the AIM Casino on Friday. Its balance sheet is a train wreck, it is burning cash, its reputation is in tatters and its shares are worthless. So what happens next?
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...
Every single Bulletin Board and twitter ramper seems to have a field day with AIM listed Glenwick (GWIK) over the past few weeks - it is the rampttastic cash shell of the moment. This stinks in oh so many ways and why can't these folks do basic maths?
I start with back news, not good but at least I have a handy tip for dodging passport control. Then it is onto the son of the late Brian Schneider of OEM infamy. He wants you and I to pay far more tax from our legitimate earnings though he has lived a privileged life - and still does - thanks to the proceeds of crime. He is a leading Jeremy Corbyn organiser. Right on Comrades. I look at Petropavlovsk (POG) and the idea of buying shares for the bid. I move onto a new biotech IPO, Levrett. I explain why its a bargepole but also how the coverage of this in the Mail on Sunday (Simon Watkins) shows again the corrupt nexus between certain financial journalists and the PR world with an aim to dupe you, the investor. Then it is onto Jabba The Hutt's Afriag (AFRI) where I follow on from today's bombshell HERE and the follow up HERE by explaining the real problem it - and AIM - now faces.
It has just been announced that Gate Ventures - the fraud booted off AIM after just four months earlier this year - has bought 14.5 million shares in Reach4Emtertainment (R4E) taking its stake to just above 3%. It could have been worse.
At least I am not drinking with David Lenigas! Mr Hamilton Barns popped over to see me in Bristol. Heck if there is free drink I have a reputation as a drunken blogger to live up to. Bottom line is that I won Round 1 and there will be no Round 2. Mr Hamilton Barns has dropped his threat of a libel case. I win AGAIN! But…
In today's podcast I look at Coms in detail and then at Rightster en passant whose PR man is the disgraced dirty tricks specialist Tim Thompson of Range Resources infamy and where there is a detailed piece to come later, before having a butchers at the ludicrous joke that is LightwaveRF. I refer to my Jiasen piece earlier and have a warning for other China Norfolks. In that vein I also mention the POS Daniel Stewart. Then en passant Mosman Oil & Gas and flip flop's Red Rock share tip.
Nomad Beaumont Cornish, run by Roland “fatty” Cornish may act for China fraud Gate (GATE) and have covered himself in opprobrium over New World and Digital Learning (see HERE) but even fatty draws the line somewhere and that is over getting involved with Rob Terry of Quindell infamy.
Is the FCA a total joke? We shall see and the man who is going to help answer that question is insider dealer and unconvicted fraudster Rob Terry. This is interesting.
This is not today’s Quindell (QPP) main article, the Bulletin Board morons are going to have to wait a bit longer for today’s red flags. However I bring them a couple of press comments to keep them occupied pro tem.