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Even a few of our detractors have now come around
In this podcast, I discuss a double dose of suffering - but not that which I promised - and beg you to donate to Rogue Bloggers for Woodlarks, HERE. I also discuss two companies where something stinks badly: HUI International (HUI) and Audioboom(BOOM). And, yes, I have seen the story in the loathsome Mail on Sunday. It stinks, too!
Adding to the grotesquely deceptive and misleading RNS of April 1, and the failure to inform investors of numerous covenant breaches, I now expose another $8 million PORKY PIE from the Snake Oil salesmen at Canadian Overseas Petroleum (COPL). This should shock even the FCA into action.
In light of interims today from Standard Listed Chill Brands (CHLL) which show clearly that the company has lied to investors in inventing bogus sales which it then announced via RNS, I have written to the FCA which is the regulator – no sniggering at the back – of the Standard List. Surely announcing bogus sales cannot be acceptable?
This horrible company which, as we exposed, lied in its very first RNS on December 30th 2020 repeated that same lie today.It is shameless. Or perhaps its morally bankrupt PR dirtbags at Yellow Jersey enjoy posting serial lies? The company was going to announce its results for the year to June 30 In October, then in the week starting November 29 but finally they are out. A masterclass in pointless bullshit from scumbags who offer no explanation for the delay.
On September 29 2021 the fraud Supply@ME Capital (SYME) issued an RNS titled “New £7 million Loan Note Facility completed”. That was all a lie and we are now four days overdue on an RNS relating to it.
This is the company that lied in its very first RNS on December 30 2020, claiming to have raised £600,000 for its IPO when, in fact the money did not arrive until January when “investors” had been able to flip their shares to raise the cash for the placement. Between then and now it had boasted of utterly spurious crypto and NFT deals then, one suspects under FCA pressure, reverted to its prospectus gameplan of trying to do an RTO in oil. But now another lie.
Thanks to the Winnileaks service I have been sent an email from Gert Viljoen, the CEO of the Umuthi (UHS) fraud, sent on 18 September 2019, almost 18 months before the FCA allowed this con to list. Read and weep at the lies Gert told to folks sold shares in Umuthi by either him or the Queen of the fraudsters Connie Van Nieuwkerk with most of the cash trousered by Gert or Connie and a bit going to Umuthi.
I preface this by saying that Verditek (VDTK) is a company that can lie about winning take or pay contracts just to get a placing away. In the end, the “customer” – and I use the word loosely – neither takes or pays. So anything it says in an RNS, even its cash balance, is not something that I would necessarily believe. But to make life simple, I give it the benefit of the doubt and assume its stated cash balances are, more or less, correct.
Maybe, under mounting pressure from myself and others, the regulators have finally forced the hand of Powerhouse Energy (PHE) because at 3.11 PM yesterday it was announced that its chairman, sleazy ex Tory MP Tim Yeo, had “been resigned”. The statement issued was, needless to say, a lie.
The fraud Zoetic (ZOE) said, on 17 May 2021, that its results for the year to 31 March 2021 would be out in July (2021). But instead of delivering its numbers, it served up trading statements on July 1 and July 29 and last night said that covid had caused delays and the results would be out in August. That is both a lie and an admission of a rule breach.
How do you know if the fraudsters at Supply@ME Capital (SYME) are lying in an RNS or financial report? Simple. If there is a “y” in the day, Supply is lying. It lied about its net assets in its RTO document, repeatedly lied about its sales pipeline, lied about its sales in 1 RNS and 2 interim reports and lied about so much else. And here is another lie exposed yesterday. I have written to the FCA which has already suspended the shares once.
The number of lies told by this company is so great that I have almost lost count. But then Remote Monitored Systems (RMS) is listed on the AIM Sewer where rule 67 states “Any company can lie to investors via RNS or in podcasts with Justin the Clown or that imbecile Zak Mir and the Oxymorons at AIM Regulation will do absolutely nothing about it.” Okay I made that bit up. And so, with no great hope of it doing anything about quite blatant RNS lying, I have written to AIM Regulation about Remote Monitored Systems and its Nomad and broker SP Angel asking for an investigation into a new £1.5 million lie that emerged yesterday. The letter is below:
This is so simple that even the woke dullards at the FCA should be able to understand it. If you delve into the geeky world of IFRS you will see why Supply@ME Capital (SYME) cannot have booked any sales at all in calendar 2020. That makes its September 28 2020 RNS claimed booked revenues of £2.2 million and its interim results published on January 29 2021 claiming H1 sales of £386,000 also a lie. Directors have dumped millions of pounds worth of shares at prices inflated by those lies which makes this a fraud. So here, for chatroom and regulatory morons, is a detailed explanation of IFRS and what is going to happen next.
The FCA will by now have had ample opportunity to read yesterday’s explosive dossier on Zoetic (ZOE) HERE. I sense, however, that most folks owning the shares will not have done so since they think not paying £1.99 for a day pass is a cost saving as they prepare to kiss goodbye to their savings. Whatever. It is a false economy for you morons. But for the cheapskates, outside the paywall, I offer you one slam dunk and material lie from that dossier. And companies that tell monster lies to deceive investors are frauds, are they not?
This is like shooting fish in a barrel. It is such a slam dunk and so easy that my cat could spot it. And best off, SP Angel the fraudster’s favourite Nomad has signed off on the lie. This morning, Mosman Oil & Gas (MSMN) has announced in a semi-literate release drafted by Justine James of Alma PR:
Not only have Octagonal (OCT) and its boss John Gunn both been charged by the SEC with breaking Securities laws but both are now shown to have lied to investors in a massive way via RNS. Today they admit to that crime and then lie again. How on earth AIM Regulation think Gunn is fit to run not one but two AIM listed companies, Octagonal and Inspirit (INSP), defies belief.
On 23 March 2020, POS AIM promote Versarien (VRS) announced “ subscription to raise £6 million”. Natch the headline was misleading and indeed Versarien was forced to issue a clarification at a later date. On 16 October, the lies started to reveal themselves big time.
Lockdown in our part of Wales starts in just under two hours. The Mrs has already escaped to England with Joshua. I am staying here but need some supplies so must rush to get them from a store where they don’t make you wear a face nappy before the North Wales fuzz sets up roadblocks on the bridges over the River Dee. Before my Dukes of Hazard style contraband run, I discuss various conspiracy theories over Rolls Royce (RR.) and IAG (IAG). I look at the massive issues now hanging over Verditek (VDTK) as I expose its latest desperate ramping and another past lie. Finally, Dev Clever (DEV), what is going on with Asimilar (ASLR) and Mark Horrocks as its share price slides again.
I start with musings on croquet hoops, something I am geekish enough to comment on, and how it is symbolic of our age. I wander on to consider the craziest job creation scheme in history but one which the mainstream media takes seriously… back to crazy croquet hoops. Then it is news that Capita is closing offices where 15,000 work and the Government’s barking mad plans and pleas to reverse this tide. Finally, the response of Alessandro Zamboni of Supply@ME Capital (SYME) to me terming his company a con and saying he should be in jail. Other than his stupidity in telling an obvious lie, Sam Antar, the king of the fraudsters, would be proud of him.
Thanks to the good works of Gabriel Grego, Akazoo (InternetQ as was) has now been thrown off Nasdaq and the SEC are crawling all over it, its main backer and author of its corporate deals, Martin Hughes’ Tosca Fund and various advisors. One firm that has narrowly avoided a massive bullet, as I can reveal today, is auditor BDO Global.
If only to protect themselves folks at Turner Pope and Shard Capital need to take urgent action. There is clear insider dealing and crime evident at Tomco (TOM) as more than 100% of the issued share capital looks set to change hands today. At Iconic (ICON) I detail lie, after lie after pointless fecking lie relating to an RNS of 12 September 2019 - will my pal Damon Heath do the decent thing and pull the plug?
Everything about Iconic labs (ICON) is toxic as we have exposed so many times HERE. Not least is the way it happily deceives investors. This worthless lie generating POS should be slung off the markets at once. In order to keep its death spiral funding going Iconic likes to trumpet new deals but is a shy in highlighting that they did not in fact occur. For instance take the Social Alchemist and Medium Channel Media deals that were announced.
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.
Versarien (VRS) shares raced ahead yesterday as Doc Holliday pumped away, He has now admitted that he has sold most of his stock into that pump. Suckers! Today Neill Ricketts has done an interview with IG where the questions were blowjob soft and even so the bullshitter struggled as you can see below.
The FCA and AIM Regulation are now looking at Neill Ricketts claim to have sold shares to fund the building pf a laboratory at a school which has not built the lab and claims a much smaller sum is NOT coming from Neill persobnally. While the regulators deal with that act of market abuse here is another twitter lie from Ricketts.
A stream of articles on this monstrous lie was followed by lunch with Big Dish (DISH ) founder Aidan Bishop and his PR spinner the Sith Lord Zak Mir here at the Welsh hovel. I urged the company to make a full apology and to make serious boardroom charges. Today it has gone only half way there. It is not enough to make the shares investable.
Following weekend revelations HERE and HERE about the “rollout” of new restaurants signed up by Big Dish (DISH), this morning I have further bad news from Bristol and surely this means that the company must fess up with a formal trading statement/lack of profits warning now.
On Monday I revealed HERE that Bahamas Petroleum (BPC) was trying to raise $25 million and had already had to cut the price from 1.4p to 1.2p. Bahamas tried to deny there was a placing afoot via RNS but I published an email in response calling that out as a GREAT BIG FUCKING LIE HERE. Oh dear, it seems that things have gone from bad to worse.
I reflect on the annoversary of 9/11. I ponder points raised in today's ShareProphets radio show with Carson Block and Anthony Laiker about bull market complacency to fraud. In that vein I use Tesla (TSLA) and the legal case below as a case study. I look at Neil Woodford's latest £12.5 million woes answering reader feedback. I look at Catennae (CTEA), Riverfort Global Opportunities (RGO) and my pal Jim Mellon's Fast Forward (FFWD). I also comment on the latest Burford (BUR) news.
As you may know I like the management at Big Dish (DISH) and its PR guru/Digital Communications Officer the Sith Lord Zak Mir is one of my very few friends. Pro tem. As such it pains me to say this but this company is now shown, with the publication of its results, to have lied to the market on May 30th 2019 in the most serious of ways, just eight days ahead of a £2.1 million placing. This should be jail time for someone.
I like the chap behind Big Dish (DISH) so it pains me to say this but as it announces a placing today can it please not tell me why it has not done an Elon Musk “funding secured” grotesque act of market abuse? Let me explain:
And clueless Marcus Stuttard at AIM Regulation wonders why the AIM Casino is regarded as such a joke? How about because companies are able to lie to investors without sanction? I flagged up BlueJay earlier for telling a monstrous porky, now here is another, Live Company (LVCG).’
Yesterday the grotesquely overvalued spoof that is BlueJay Mining (JAY) was forced to issue a statement relating to its 2018 results in which it stated that the December 31 2018 cash and cash equivalents position was £8.8 million. But below you will find an investor presentation which you can read in full here which was published on 12 March 2019...
Back in late January as its shares were ramped to 3p on the back of preposterous speculation about the Parys Mountain deposit in North Wales I warned you that Anglesey Mining (AYM) was almost bankrupt and that it was placing ahoy. Today came the placing and an accompanying porky.
In the greater scheme of things, given our exposes on the related parties nest of snakes, the blatant RNS lie and the fundamental insolvency of Management Resource Solutions (MRS) this is small beer, but it seems that the Management Team do not give a FF about AIM rules on website disclosure as the screenshot below demonstrates.
So what if Frontera (FRR) got slung off AIM because its board told lie after lie, some folks just want another punishment beating it seems. And thus loyal shareholders "long and strong" have set up a Shareholder Action Group to assist the board. hat-tip to reader Juicin for spotting this. The group lays out its aims and objects thus:
Is there anything Julie “lingerie on expenses” Meyer MBE will not stoop to do? I begin to wonder as yet another shocker lands with Winnileaks. This is from 17 April 2018 as Meyer is desperately trying to raise money but is yet to fess up to her mounting regulatory and legal problems in Malta which will soon see her lose her licenses to run funds there.
On Saturday Cynical Bear asked if the Mereo Pharma (MPH) offer at 300p via Primary Bid was its worst ever? The answer, notwithstanding stiff competition from uber dogs such as Toople (ROOP) was clearly YES!. And the placing has flopped. Living in la la land Mereo says it was "successful". Like fuck it was. You lie Mereo!
Tom Winnifrith has voiced his suspicions that AIM-listed UK Oil and Gas (UKOG) has been playing fast and loose with the rules over timely announcements of conversions of its death spiral funding package. A trip to Companies House suggests he is right...
Late on Friday, at no-one is watching O'Clock we learned that Po Ling Low had quit as FD of AIM listed China fraud Aquatic Foods (AFG) with immediate effect. Really? It was 5.21 in London so it was 1.12 in the morning in China. Did Po really walk the plank so late in the evening. Clearly that was just another lie from this slam dunk fraud.
I’ve been on the edge of my seat for a number of days as was expecting news from Jim Mellon backed FastForward Innovations (FFWD) on its Schoold deal at any moment as the 75 day exclusivity period with a potential strategic acquirer had reached an end. The anticlimactic news arrived on Friday (as covered in Tom’s Bearcast HERE) and I merely felt deflated but today I’ve woken up angry and wonder if FastForward has actually lied to me!
Yesterday’s staggering RNS from CloudTag (CTAG) has already been covered brilliantly in the CloudTag Bearcast special with Tom Winnifrith at his acerbic best – an absolute must-listen - but I have a couple of other observations and am unable to leave the L1 conversion notice date lie alone just yet!
Oh dear, oh dear. Bad news for bulls of AIM-listed (pro tem) CloudTag (CTAG) this morning – and possibly for L1. Last Friday the shares were suspended with no reason being given, “pending an announcement”. An announcement duly followed (at no-one-is-watching o’clock) telling us that L1 had issued another conversion notice and that it was expected that dealings in the Shares will commence on or around 15 December 2016. The shares, however, remained suspended pending another RNS. Well, we’ve had this morning’s AIM notice but no such admission to trading has been announced.
Someone who invested in its last bailout placing told me that he did so because Strat Aero (AERO)'s lawyers had convinced him that it would wipe the floor with litigant Hulsey Smith who had accused Strat of serial fraud. He reckoned the shares would zoom when Strat won the case. Sucker!!!!!! But he is not alone. Strat told all investors via RNS that Smith had no case at all and that it was to counter sue. So today, as the trial loomed, it has caved completely. Er yes. Another lie from a company that is clearly run by pathological liars;.
Suspended for failing to do an RTO, the AIM listed piece of crap that is Glenwick (GWIK) announced late last week, how it is to spunk all its cash. Need,less to say the company told a grotesque lie in its RNS and it and its advisers seem rather unwilling to return calls and defend or justify that lie. Peterhouse, Allenby, Glenwick you are cowardly bastards as well; as liars.
Hell: who cares if a company on AIM tells a blatant lie about a big order a few days before a bailout placing? African Potash (AFPO) reckons that is okay and now it appears that the most ramped stock of the moment, Cloudtag (CTAG) thinks that it is just part of the game too. Does anyone care about the rules any more or is fraud now acceptable on AIM?
Yesterday I pointed out that the RNS relating to the supposed $5.2 million order that AIM listed fraud Cloudtag (CTAG) had secured from UK distributor had, within months been shown to be a lie - as you can see HERE the guaranteed quarterly order just had not occurred. Now let's move on to whether Second Chance has any chance of fulfilling the "guaranteed" $5.2 million order for calendar 2016. Let's go to Companies House.
Three days ago Sky News reported that Inmarsat (ISAT) had approached Avanti Communications (AVN) with a view to making a bid. This was, as it happens, not true and today Inmarsat has exposed the lie in full. The story here is not only of the looming financial bankruptcy of Avanti but of its full blown moral bankruptcy too. This is shocking at every level, another milestone of shame for both Avanti and for the AIM Casino.
On May 16 Avanti Communications once again (AVN) lied to its investors. Since then it has been scrabbling around trying to complete an emergency refinancing. As the shares have tanked from 90p to 64p (and falling) since the lie is it unfair to ask the company and its bombastic CEO David Williams how things are going? First, however, lets look at the lie.
I found this impossible to believe but Jabba was taped in action. The man who claims to have no managerial involvement in the companies running Horse Hill has phoned critics of the scheme asking them to retract their comments.
Yesterday as LGO Energy (LGO) raised £1.36 million gross, I published the emails showing how David Lenigas stated that the company needed £5-6 million to turn around. Even that was a lie predicated on silly output projections, but on the sums raised LGO is just fucked, it has merely postponed crunch time from April ( 2-3 weeks) to May, lets call it 7 weeks.
Paul "Queenie" McManus of Walbrook PR has repeatedly briefed bulletin board morons who own shares in the fraud that is AIM listed Eden Research (EDEN) that I refuse to meet the company. That is a lie, I want to meet Eden, to record a podcast, and have made it clear I will head to its HQ in Cirencester. Yet Queenie declines to name a date. Why?
Throughout the last few months of last year David Lenigas tweeted again and again how an ISDX listing was the answer to all the liquidity nightmares at the bottom end of AIM. Big Dave misled his folowers for reasons I shall explain below but the proof of that lie came on what for me was a good Friday with Afriag. For Jabba The Hutt with yet another lie laid bar this is a disaster.
So far Nomad Allenby has refused to act when shown clear evidence that its client Servision (SEV) has issued RNS statements which have not actually been born out by reality in terms of new orders. Clearly Allenby regards getting its corporate retainer as more important than its reputation. So after yesterday's shocker here is an even more monstrous lie . This company is a worthless lie factory and given that it is almost insolvent its shares are worth 0p.
Fat Aussie share ramper Jabba The Hutt is still new media obsessed and is apparently starting a series on his new blog on twitter, trolls and how the media are all such bad guys while Big Dave is left to carry the sword of truth and wield the shield of justice. His first article is a classic in self delusion and well, er...lies.
This is an extra bearcast for today. The main one on UK Companies is to follow. This one covers the biggest lie told by shite companies on AIM, told today by Golden Saint Resources (GSR) but it is far from alone, the real crisis in big PLC crony capitalism, ref Macy's and many others, and also why I remain bearish on equities.
On 3 Feb 2014 the then AIM-listed Lenigas ramp UK Oil and Gas (UKOG) announced that it had purchased a 6% stake in Angus Energy Limited (now called Angus Energy Holdings UK Limited) – see HERE. The price disclosed for this transaction was £368,000, to be settled in UKOG shares to be issued at 0.8p (implying the issue of 46 million shares).
On Tuesday shares in fraud China ReRun (CHRR) were suspended as the Nomad and token whitey NED quit. In a month the shares will be booted off the AIM casino. But today the company hit back with a statement that swings between lamentable and sheer comedy. I offer up a translation in bold.
Shareholders in Motive TV (MTV) can only be described as stockmarket masochists. In they wander to the dungeon of the AIM casino to find a leather clad figure (Leonard Furtig) preparing to chain them to the wall for another beating. Whack, another placing, smack, yet another placing, are you diluted enough yet Mr Shareholder? And still these folks come back for more. But now I want you to turn your mind back to a placing on 26 November 2014 and ask the question did Motive TV raise money on a false prospectus and lie to investors?
You may well remember the dirty tricks camoaign that Sefton Resources (SER) under Jimmyliar Ellerton waged against myself and Dan Levi when we exposed his lies and fraud. One smear was to plant a suggestion/lie with a "friendly journalist" - or scab as I would call her - in the Daily Telegraph suggesting that Dan was short of the stock. Now it seems as if New Sefton is waging the same campaign against me.
Just a quick podcast special looking at how companies lie and mislead investors via RNS and also RNS Reach. The latter & its true (lack of) import is explained. Case studies Blur, Optimal Payments, Quindell (natch) and Outsourcery
Taking a look at Optimal Payments (OPAY) 2013 Annual Report has been an interesting experience. Having looked at the remuneration of Andrew Austin at IGas (IGAS) – which looked generous to a fault – I wondered what sort of package Mr Joel Leonoff might be on. I have thus far clocked up no less than seven different routes by which Optimal has been rewarding Mr Leonoff. Now I have no quibble with top-notch work getting suitably rewarded - don’t get me wrong. But the value of his packages does seem to me to be right up there with the best of the snouts-in-the-trough merchants. But first, a big fat porkie pie Gotcha!
Lets nail this once and for all. The RNS put out by Quindell (QPP) on 5 November 2014 suggesting that Rob Terry had increased his holding in Quindell (QPP) was a lie. Cenkos signed off on that as Nomad. Cenkos issued a note on Friday 7 November 2014 and was lied to by Quindell. I demonstrate why Quindell is lying and explain how Equities First Holdings LLC works. I cite sources which are refered to below. Cenkos needs to come clean on Monday or it is royally in the merde alongside Quenron
On 5th November 2014 Quindell (QPP) announced that three directors had purchased £2 million worth of shares in the market. At the same time it was announced that the three directors had entered into a loan facility ‘that may result in the transfer of up to [all their] Quindell Shares’. So far – up to the last two words of the second sentence – we may accept every word of the text of the announcement as based on fact. But from then on, starting from the last two words of the second sentence, ‘as security’, every sentence and almost every word of the announcement (including the table) is a lie.
Rob Terry of Quenron (QPP) is today once again exposed as a liar of monumental proportions. Even the money-grabbing leeches round at Nomad Cenkos should by now be considering their position as I expose today’s £140 million lie told by Mr 2+2 can = 5.
Quenron (QPP) earlier this week announced a telematics deal with one of the top three insurance companies in Canada. Of course that was a lie. Quindell has told lies in RNS statements on a serial basis so that is no shock. The partner is Aviva Canada which is in fact the 15th largest insurance company in Canada. It is the third largest player In the Property & Casualty sub sector but what Quenron said in the RNS was just another lie.
I established without doubt on Sunday that the Quindell RNS regarding the issue of 18 million shares on September 2nd 2013 was a great big fat whopping lie told by the company led by Rob Terry. This now begs the question about the issue of a further issue of 9.178808 million shares on October 21 2013. Just to whom were they issued and why? This is exactly the sort of issue my lawyers are dying to get into under the disclosure process if the Quindell bitchez ever get around to suing me for libel.
Quindell (QPP) has today issued an RNS which is a blatant and demonstrable lie. Go on sue me Rob Terry – your company has lied. The issue is the 100 million shares it was meant t have issued to increase its stake in PT healthcare from 26% to 49.9% on March 20 2014. Over the weekend I pointed out that it had in fact NOT issued these shares as it claimed in its prelims and annual report HERE.
On 27th May AIM Cesspit listed Astar Minerals (ASTA) lied to investors in an RNS. This overvalued POS Company is run by a bucket shop stockbroker and anyone buying the shares needs their head examined. The fact that it took The Sheriff of AIM only ten minutes to unearth this lie shows what dumb and unprincipled mothers these folks are.
I was sitting at Real Man Pizza at noon yesterday awaiting my guest, Dave Breith of Coms (COMS). At 12.30 I tried calling to see where he was. His PA called me to say he was off sick and apologising for his second last minute let down in 3 weeks – I do want to meet the guy. As we now know Breith was not sick. That was a lie born out of apparent monumental incompetence at his firm.
