The 26p per share £11 million placing on Monday by Eurasia Mining (EUA) may open up not one but two cans of worms and I have written to my chums at the FCA asking for an investigation on two counts. The letter is below:
Yesterday I exposed how penny shares hucksters Chris Akers and Johnny Mahtani were, in a private Telegram chatroom, discussing concerted share buying by themselves and others, something which looks very much like market abuse. Today the shares have been suspended.
The company is All Active Asset Capital (AAA) a grossly over-ramped and over valued AIM sewer promote when penny share spiv Chris Akers is involved. Soo too is Johnny Mahtani the boss of Media Tech SPAC a murky, newly formed, company backed by Akers planning a stockmarket listing within months. There is a private Telegram group where Akers, Mahtani and others pump the stock. The screenshot below is from yesterday evening.
How did Versarien (VRS) get its shares, now c40p, from 10p up to 79.5p in 2017, eneabling 4 bailout placings and offering a platform for boardroom share dumping. As history show that was a grossly inflated valuation. Thanks to Winnileaks I can reveal how.
I have communicated with Britain’s finest regulators, no sniggering at the back please, a number of times on the matter of AIM bad boy Verditek (VDTK), the company run by Tory Toff Lord Willetts which is heading rapidly for insolvency. I have written again on the matter of its market abuse, deceiving investors to pump the shares ahead of bailout placings. The letter is below:
Though he does not declare so in the tweet below, he has elsewhere: penny share huckster and known associate of Zak Mir, Mr Alex McKinley is a shareholder in joke company Remote Monitored Systems (RMS). You know, the maker of masks to stop covid spread that are so good its site turned into a covid hot spot. Yes, that fine enterprise.
Twice in the past week, most stridently yesterday afternoon HERE, I have made it clear that Verditek (VDTK), the serial AIM sewer deceiver ramped by shamed tipster “old mother” Walters and chaired by Tory toff Lord Willetts, needed to come clean on yet another pre-placing deceit and its lack of revenues. I guess the Oxymorons at AIM Regulation were listening as this morning the company fessed up. It’s ouzo time for me!
‘Twas the night before Christmas and as the snow fell faster and faster and harder and harder outside his mock Tudor mock Georgian newly build Gloucestershire mansion, Mr Neill Ricketts was of a troubled mind. The ghost of Christmas Past was bad enough, but then he had been visited by the ghost of Christmas Present. What would happen next?
Dbay’s withdrawal from the battle to buy the overvalued junk floated by mortgage fraudster Uzi Katz, that is to say Telit Communications (TCM) has left stale bulls lookimng increasingly daft. And at least one appears to be getting desperate as the shares slide – and will continue to slide as I explained HERE.
The chairman of Supply@ME Capital (SYME) is an insider dealer, we already knew that the CEO was a market abuser and yesterday it became apparent to all that it is making up its accounting policies as it goes along. Its supposed clients, such as Carrefour, appear to be fiction, and now another email from Alessandro Zamboni surfaces. Oh dear.
I think you know I am a bear of the con run by liars and market abusers that is Supply@ME Capital (SYME) but on the parallel universe that is twitter….
It has been announced today that Supply@ME Capital (SYME) chairman Dominic White has sold c£1.5 million worth of shares at 0.495p. His reason for doing so is a demonstrable lie and, as such, I have written to the FCA, as regulator of the Standard List, suggesting it suspends the shares to stop more boardroom dumping and charges White with market abuse.
If Supply@MECapital (SYME) was about to announce price sensitive information as it repeatedly claims, how come its directors are share dealing like dervishes? There is another one at it today – chairman Dominic White dumping stock with an excuse lamer than a three-legged cat and, meanwhile, the market abusing CEO Alessandro Zamboni has been forced, by my article, to clarify his dodgy dealings of yesterday. His clarification begs more questions.
Another day and another massive red flag is hoisted by con Supply@ME Capital (SYME). Surely even the Sith Lord Zak Mir will not be able to promote this as good news while keeping a straight face?
Boy how the Bulletin Board Morons were creaming themselves this morning on this news. Shares in the Supply@ME Capital (SYME) scam surged to 0.75p although, as I write, they are back at 0.625p. They are still top of the leaderboard and 30% ahead on the day and this has happened on the basis of an announcement that is just sheer fantasy.
The most read non-Tom article this week is Five Slam-Dunk sells for 2020 – September update as market madness continues by Nigel Somerville is at a nifty number nine or at a truly terrible number 17 including Bearcasts and Tom’s new shareshow. Which one is the best of the week? Tell me in the comments.
Alessandro Zamboni’s mad followers are desperate for him and his worthless company, Supply@ME Capital (SYME) to sue me for libel. I want him to sue me too as the disclosure process would be a hoot. I really want to say “see you in Court Bitchez” but very wisely, especially after Wednesday’s slam dunk market abuse, Zamboni says he is not going to sue. And his excuse?
Last night I revealed how, despite being warned that an article with ludicrous price targets for Supply@ME Capital (SYME) shares was fake, the CEO Allessandro Zamboni tweeted it out causing his cretinous followers to pledge to fill their boots today. Last night there was no sign of contrition but, I suspect, my communications with my good friends at the FCA rather focused a few minds. So this morning we have an RNS admission of fake news from the company. It is not good enough for Zamboni has committed market abuse and should be in jail and it shows his company is a scam.
Trading in shares in Supply@ME Capital (SYME) cannot start tomorrow as the CEO Alessandro Zamboni has actively created a wholly false market by knowingly engaging in market abuse as I exposed earlier. I have written to the FCA asking for urgent action. The letter follows:
Well before 5PM today, I had alerted Supply@ME Capital (SYME) to a blatantly fraudulent press article pumping its shares with lies. The company’s PR man agreed it was a scam and said he had alerted the company. Yet within an hour the company’s CEO had sent out a tweet promoting the article to mug punters!. At every level this is market abuse and heads must roll.
Aided and abetted by Good Germans such as the Sith Lord Zak Mir as well as active stock manipulation by unscrupulous social media operators, the ramping of con company Supply@ME Capital (SYME) continues. But at the heart of this are the activities of CEO Alessandro Zambini whose activities I exposed at the weekend. This is clear market abuse and I have written to my great fans at the FCA asking for a formal enquiry.
Yesterday, both Nigel and myself covered the shocking Asimilar/Dev Clever/Mark Horrocks scandal. It is clear to me that in light of what we discovered on September 1, that on May 13 this year Dev Clever (DEV) issued a statement that was grotesquely misleading and, as such, constitutes clear market abuse. I have thus asked the FCA to launch a formal investigation into what is a scandal.
In yesterday's new video show I explained why Novacyt (NCYT) shares were 90% overvalued and presented damning new evidence of the management ramp. Yet immediately a raft of twitter fools - who clearly do not listen to what I have repeatedly said about this stock - accused me of a volte face? And one particularly deranged individual showed "evidence" of me ramping the stock on May 18. Hang on Henry! This is market abuse. It's personation. It's fraud.
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
I contacted the FCA last week about what appears to be blatant market abuse, or possibly even securities fraud, at Dev Clever (DEV) and to its credit it has sent back a non standard reply indicating that it is taking the matter very seriously. As a reminder, Dev did a placing on December 20 2019 and its CEO sold £500,000 shares a month later only to admit in February that sales for the six months to 31 October 2019 were way below forecast. How can a software firm have not had any inkling of that before the placing and CEO share dump. It defies belief. The FCA writes:
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.
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.
Natch, if one believes the morons, it is only folks like myself, Steve Moore and shorters like Lucian Miers, Carson Block and Waseem Shakoor who commit market abuse by, er, telling the truth. Is it wrong for companies to pay morons as well as whore bloggers to ramp. Having now discovered one company where this is going on I discuss just how big this issue is and whether and why it is a scandal.
I seem to have reacted badly to my flu jab and have thus only just got up. I am still not 100% but maybe will be so tomorrow. Pro tem I offer up thoughts on the clear market abuse at Dev Clever (DEV) and the 6.06 PM comedy gold at Bidstack (BIDS).
A kind reader sends me a video Justin Waite, aka the Clown, posted on December 8. I say kind but having had to watch it that is probably the wrong word as it is sheer torture. None the less it is below and I advise scrolling through to 21 minutes 30 seconds where the Clown discusses Bidstack (BIDS) and incriminates him and Vox in the process.
In today's podcast I look at the British Journalism Awards and Neil Woodford ( no shocks here folks), Union Jack Oil (UJO) and that planned placing, Tissue Regenix (TRX) as the FD walks, FastForward Innovations (FFWD), and at Plutus Powergen (PPG) , dire news and surely looming insolvency and yet more evidence of not gviving a flying wotsit about stockmarket rules.
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:
My comrade Evil Banksta has today exposed how AIM listed Bulletin Board darling Bidstack (BIDS) has misled investors and is also clearly sitting on a lack of profits and sales warning. For the former naughtiness the FCA should open an enquiry at once into possible market abuse, for the latter AIM regulation must force a statement. Being a fine upstanding citizen I have today written to the regulators. My missive follows:
UPDATED: Earlier today I revealed that AIM superstar First Derivatives )(FDP) had been sitting on highly damaging and adverse price sensitive information since Tuesday of last week and had not disclosed this to the market. But it could be far worse. Far worse. I have thus written to both the FCA and to AIM Regulation demanding an immediate formal enquiry into a range of possible offences. It now emerges the case settled on Friday (terms unclear). That does not mean that on Tuesday/Wednesday it should have not been announced.. The letter is below:
On May 22nd 2019 Telit Communications (TCM) issued an RNS with co broker Berenberg as one of the contacts. From the RNS of June 6 onwards Berenberg’s name has been missing from all releases. So is there, yet again, something that this company, founded by mortgage fraudster and fugitive from justice Uzi Katz, is not telling us?
I noted a few weeks ago, the way Big Dish (DISH) had issued an RNS essentially stating that “funding secured” (so no placing needed) and then a week later doing a placing and ‘fessing that even with the £2 million it raised it now only had cash until 2021. Was that market abuse? Today it got worse.
You could not make this stuff up. Watchstone (WTG), Quenron as was is trying to sue its founder, the king of the fraudsters, Rob Terry and others for breach of the share purchase agreement entered into by the Company with Mr Terry and others on 28 April 2011 in respect of the sale and purchase of shares in Watchstone Limited. But now Terry is seeking to counterclaim for £14.7 million. His claim is utterly ridiculous but will waste more of Watchstone’s dwindling cash pile.
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:
Individuals not companies lie, deceive, cheat and break the rules. If you want to stamp out white collar crime you hammer individuals not companies. Natch the Oxymorons really do not get that at all. Today AIM Regulation has fined Real Good Food (RGD) £450,000 (reduced to £300,000 for co-operating with enquiries) for some monstrous crimes committed largely by its former executive chairman Pieter Totte, but also by two other former directors. The full shocking notice is below.
These are the 24 most-listened-to Bearcasts by Tom so far this year. By my reckoning, if you queue them all up, you'll have eight hours of Tom's dulcet tones to play for the family.
AIM regulation has acknowledged that it has received my formal requests to investigate lies told via RNS and the related party nest of snakes at Management Resource Solutions (MRS). At the centre of it all is 10% shareholder and noted market bad boy Leon Hogan. Now thanks to Winnileaks here is something else for regulators to consider...potential market abuse.
In today's podcast I explain what happened with Mrs Chav's pussy and also about how the move to Wales and the Grim North went and why this is now a bigger project than the Greek Hovel. I cover Bould (BOU) and systemic market abuse, Telit (TCM) and its dire results and the threats to Nigel Wray and myself from Julie Meyer. I gather the Times has also been threatened and it is standing its ground. How do you think I will respond ahead of a 5PM deadline? Meanwhile we are now at 25% of our £40,000 rogue bloggers for Woodlarks target and i urge you to check out the rioll call of heros ( even if you are a dripping lefty who thinks my world view stinks) and join them HERE.
If you had followed the last two share ramps from Big David Lenigas you would be feeling pretty sore. In less than two months you would have spunked two thirds of your cash on Angus Energy (ANGS) and a third on Greatland Gold (GGP). Well done Dave. Today he is pumping UK Oil & Gas (UKOG) as you can see below but has he gone a step too far?
In his lamentable podcast yesterday Justin the Clown commented on Sabien Technology (SNT) suggesting that it was either “punt of the week or investment of the year”. This was seized upon by “colourful” stockmarket operator Chris Akers who sent out the tweet below.
Oh well that is settled then. All those frauds we exposed, all those promotes and ramps we revealed, all those RNS lies we showed to be lies, it was all a smokescreen.
I have spent all weekend being abused on twitter by morons who own shares in Frontera Resources (FRR) - notably @keithcareth, check his feed he is insane - who insisted that I did not know what I was talking about, that the FCA was after me, etc etc etc. I await an apology as today – as was inevitable after our weekend revelations HERE and HERE – the Nomad, Cairn, has quit. The shares are suspended and here is why it is game over.
I start off with news from Woodlarks. Then I ask if shareholders in Frontera (FRR) are all stark raving mad in light of this and question why Alliance News appears complicit in market abuse. Then onto ASOS (ASC), Boohoo(BOO) and Sosandar (SOS). I explain why the three are trading differently and what the shocker from ASOS means for the wider stockmarket. Whole sectors are officially on the bargepole list (although Neil Woodford appears to disagree).
This morning BlueJay Mining (JAY) announced that three directors had bought shares. That is a spoof. The amounts are not material and the aim is to try and arrest the share price slide. If anything such spoofing is itself another reason to sell. It gets worse…
Brokerman Dan Levi has again today insisted that Angus Energy (ANGS) is doing a placing. It will clearly have to do one at some stage soon but right now Daniel is being played, as was I last week. I sense market abuse here and once again the name Chris Oil, a man with form when it comes to market abuse and other nonsense, comes to the fore. As a reminder
Enough is enough. Yesterday John Meyer, a senior manager and large shareholder in SP Angel went onto Justin the Clown’s podcast to ramp corporate stocks such as Blue Jay Mining (JAY) without declaring an interest – his employer earns vast fees from Blue Jay as its Nomad and broker. But this is the least of SP Angel’s crimes and I wonder if its conduct over Blue Jay and MySquar (MYSQ) is, if not blatant market abuse, simply bringing the AIM Casino into disrepute. I have written to Marcus Stuttard, the head of AIM Regulation, demanding an immediate investigation into whether SP Angel should retain its Nomad license.
This may be the main bearcast or it may be a bonus. It all depends on how I feel and daughter Olaf feels after I pick her up at 4.30 AM Athens time in the Greek capital. In this I look at Falanx (FLX), the red flag of a rapid change in advisers ref Halosource (HALO) but also in more general terms and then at a shameless performance by John Meyer of SP Angel as he is interviewed by Justin the Clown over Bluejay (JAY). Meyer is at best an idiot, at worst he is covering up for what appears to be market abuse by his employer in relation to Bluejay shares. I will not let this one go. The clown's podcast is torture to listen to but can be found HERE if you feel you deserve 20 minutes of torture.
In today's podcast I recount last night's suffering HERE but have a revenge on a millennial daughter involving Paddy Leigh Fermor planned for tonight. I look at House of Fraser going into administration, assisted by the Government, and what it means. I discuss the latest Tesla news, the issue of all sorts of market abuse and why nothing happens, Oilex (OEX) and ProPhotonix (PPIX) which really should not be on AIM at all.
I start with a bit on my walking schedule. I really will suffer tomorrow so about donating a tenner to Woodlarks as you think of the pain that lies ahead. Support a great cause HERE. In the podcast I look at non food retailers where I take a simple view as I am not as clever as Chris. I look at CyanConnode (CYAN), GYG (GYG) and follow up on Gary's piece on Bellzone (BZM) with a discussion on what constitutes market abuse.
Anyone who follows the world of AIM on bulletin boards and Twitter will have noticed a lot of sudden excitement in Bellzone Mining (BZM) yesterday, with the share price rocketing and closing at around 0.9p, but unfortunately some were posting false news. Was that deliberate market abuse?
Though a diehard republican I have weakened and am going to watch the Royal Wedding. Don't be too harsh on me. In this podcast I discuss issues raised by Roger Lawson with regard to free speech, social media, threats to journalists, market abuse and the FCA in tackling crime.
On a post approved by ShareSoc on its blog, Roger Lawson has today commented on the incident I described in bearcast on Monday - the email I received in response to my fraudbusting work. I have made Lawson aware of the content of that email currently with the Police so something I cannot publish - but it is the most disgusting material about my wife of Indian origin. Yet he is unapologetic for writing in a way that trivialises it and has refused polite requests to withdraw his article of today. Roger, your failure to see hate crime against an innocent woman, committed by someone not wanting fraud exposed is poor form - you should have checked your facts before writing such a monstrous article. ShareSoc seems unapologetic too - wankers. Roger comments on Audioboom. My comments are in bold.
It's harder to wake up this morning as I was up late watching the Gold Medal Olympic Women's Curling last night between Sweden and South Korea. Sweden won, but there is no shame in South Korea's performance. For the unitiated, curling is life-sized shuffleboard (or bocce), but played on ice, and there is a pub at the end of the building. Also, brooms are involved somehow. My curling experience has mostly taken place at the aformentioned pub. TW Note. You are a truly sad man.
I discuss the history of me being reported by Mike Walters and other morons to the FCA (FSA as was) for market abuse and in that vein I am reporting myself, Waseem Shakoor and Lucian Miers because of our comments over UK Oil & Gas (UKOG), the grossly overvalued, financially challenged mega ramp so loved by morons. Elsewhere I look at RockRose Energy (RRE) - time for a Cynical apology - Kin Group (KIN) and at Inspirit (INSP). Oh yes, and God is punishing me for being smug.
Bombastic ex CEO David Williams isn't the only thing that's left busted flush satellite operator Avanti Communications (AVN) in the last few months. More than 50% of the company's Backlog has disappeared too - this surely implies market abuse and is something that the FCA should be investigating?
And there we have it. Today’s announcement of the placing at Altona Energy (ANR) to raise £735,000 at 0.5p completes a very successful, oft–repeated, operation at the lower end of AIM, namely the placing, followed by the industrial-sized ramp, followed by the placing – the “PRP”. It is worth looking at in closer detail.
A top broker, who shall remain nameless, has this morning had a go at AIM regulators. His ire is prompted by a meeting in a pub where Berkeley Energia (BKY) presented to retail investors. It was by all accounts packed which, since I am a loyal shareholder, pleases me. But I just do not understand what is wrong here.
It is on the LSE Asylum so it must be true. This moderated forum censors readers who say express bearish stances on frauds like Cloudtag (CTAG) and MySquar (MYSQ) but gives its readers free rein to discuss my mother's suicide or to, oh the irony, commit market abuse by knowingly spreading an untruth that I have committed market abuse by telling you to sell as I buy. And like moths to a flame they all leap to discuss this obvious lie in great detail.
Heck it is on twitter so it must be true as you can see below
The Central Bank of Ireland handles the sort of regulatory functions that in the UK the FCA makes such a bollocks of undertaking. A source very close to the situation has revealed that Professor Richard Conroy and Conroy Gold & Natural Resources (CGNR) are now under a preliminary investigation after the events of the past week.
I am deeply troubled by events at AIM uber dog Andalas Energy (ADL) on Monday afternoon. This is a company that has form when it comes to breaking AIM Casino Rules but on this occasion it is the advisers at Cantor Fitzgerald, whose actions have alreday cost some folks 50% of their money, who should be hung, drawn and quartered. Sadly we have gone soft on crime but at least they should be clobbered by the FCA for market abuse and AIM Regulation for breaching AIM rules. I have sent a letter.
Andalas Energy (ADL) and its loathsome boss Dave "the rule breaker" Whitby represent all is worst about the AIM Casino. The company is worthless and its sole achievement has been an industrial scale transfer of wealth from the many to the few. Even by its own tawdry standards yesterday was a low point and it is a matter that I shall now be asking the authoriies to investigate as, blatant, market abuse. But first we must rewind to August 8.
Having rather publicly fired its old retained broker Brandon Hill Research on 31 July for being sensible, Echo Energy (ECHO) has today announced it has a new broker Hannam & partners. Who? I must admit that I have never heard of this firm and an RNS search shows it acting for just one other London listed company as its retained broker. But maybe it has a big research capacity to ramp the shares? er...
Five days ago someone who you would say had a career death wish, if he had actually got a career, sent me a stern lawyers letter demanding that I pull all articles on him (going back 40 months) pay him damages, never write about him again and publish a grovelling apology dictated by him. I asked you to guess who has been so daft and 92% of you got it wrong.
Ha ha. We've been waiting for this for weeks, but now Slater & Gordon (who were given all the relevent ShareProphets articles when there was still time to back out) has actually filed suit against Watchstone, nee Quindell, claiming breach of warranty and/or fraudulent misrepresentation for a total amount of up to £637 million plus interest. It almost makes one want to root for Quindell this time.
Servision (SEV) the AIM listed POS has today slipped out a horrible calendar 2016 profits warning but the fact that it has waited five and a half months to do so is surely market abuse. AIM Regulations state that price sensitive information must be anounced as soon as it is known. How on earth can the company's hapless Nomad, Allenby, tolerate this state of play? Or does it not care as long as it is paid?
On Friday some punters paid up to 13.5p for shares in Stanley Gibbons (SGI) after it claimed that it had received a bid approach. The shares are now c11.5p to sell after that was exposed as er...just not true.
Having explained how folks paying up to 0.16p for shares in PGCE fully deserved the rogering they got on Friday after a new media rampfest turned sour I was startled to be told by some professional TW hater "but you tipped it, Doc Holiday said so". Au contraire.
Look at the daily chart below. Tell me there was no insider dealing or market abuse going on here. It is that of Inspirit Energy (INSP). And then at 2.10 PM we finally had two announcements.
I detailed earlier how some moron had registered on ADVFN as tomwinnifrith and then posted a lot of piffle making it clear that it was meant to be me. Among the more ridiculous assertions was the statement that: " I will remain selfishly against CTAG, even when it bounces back to previous highs. But not as active as before. We need it to get back to £40m-£60m market cap, at which point we will do it all again." were the biggest Cloudtag bear (target price 0p) be saying he "needed" the shares to get back to a 9-13.5p level and that he expected that because "at that point" would be dramatic. But of course...
Yes it is indeed Murray D'Almeida of Beacon Hill and Management Resource Solutions (MRS) who has signed his AIM career suicide note by instructing (clownish) lawyers Fladgate to send me a fascist lawyers letter. Only 19% of you guessed that one! I am told by the uber-clowns at Fladgate that I cannot publish this letter and must retract THIS article or else. It gets worse but do you think I dare publish the letter?.
I have loaded the photos of pressing the olives from the Greek Hovel HERE. There may not be a bearcast tomorrow as I am about to start travelling soon. Today I look at LGO Energy (LGO), Milestone Group (MSG) and its CEO Deborah White who has committed market abuse and should be fired, Strat Aero (AERO), Fox Marble (FOX), Golden Saint (GSR) where I suggest a rule change is needed at AIM to deal with share dumping parasites like PR genius Steffi, and Proxama (PROX).
Bear raider Lucian Miers has again challenged the Oxymorons at AIM Regulation to take swift and firm action against Cloudtag (CTAG) for market abuse but has also raised the issue of forward selling by death spiral provider L1 Capital. This is effectively running a naked short and should thus be illegal. Miers writes:
There were no bearcasts yesterday and so today there will be two. I start with AIM casino bad boy and fraud Cloudtag (CTAG) which now adds market abuse to the list of financial crimes of which it is guilty. Why are the shares still suspended? is this the end or the beginning of the end? Who deserves to go to jail? Who deserves sympathy? All is revealed in this bonus podcast.
Over the weekend I urged AIM Regulation and the FCA to open a formal enquiry into market abuse and securities fraud by the AIM uber-fraud Cloudtag (CTAG). This morning I have sent an urgent missive to AIM Regulation and its hapless boss Marcus Stuttard asking why Cloudtag is not being forced to postpone its General Meeting allowing it to issue more shares.
You may remember that some Cloudtag (CTAG) owning moron contacted the FCA to demand that they shut me down. Oddly that seems to have come to nothing. But the regulators at Canary Wharf as well as Marcus Stuttard's team of Keystone Cops at AIM Regulation must be awqare of this fraudulent company by now. I have today written to both showing the clear evidence that Cloudtag has committed market abuse and fraud and demanding that a formal investigation be opened at once into the company AND its Nomad Cairn Financial. And here is why, as I publish the letter in full.
Yesterday shares in Advanced Oncotherapy (AVO) plunged after it fessed up that a critical deal worth up to $120 million with a Chinese entity had encountered problems. Those who backed a big fundraise just weeks ago are already 26% down. But the incident begs massive questions about the timeline of disclosure and RNS statements that appear to be utterly untrue. I have written to the FCA & AIM Regulation, as this appears to be market abuse, outlining my very specific concerns and demanding an urgent enquiry and, if appropriate, that sanction be taken against those responsible. The letter is below:
Are there any rules at all governing the withholding of damaging price sensitive information by AIM listed companies? Yes there are. The FCA under market abuse directives and and AIM Regulation both have the power to throw the book at CEOs and Nomads who offend. But will they? Gable (GAH), its CEO William Dewsall and, almost certainly, Nomad Zeus have broken the laws. I have written the letter below to the Oxymorons at AIM Regulation and its boss, the bogus Sheriff Marcus Stuttard, as well as to the chocolate teapots at the FCA demanding urgent action
Yesterday I explained how AIM listed Cloudtag issued an RNS four days before a placing boasting of $5.2 million of guaranteed orders which was simply not true. To me this is blatant fraud and as such I have written to AIM Regulation (the Oxymorons) and the FCA (The Chocolate Teapots) asking both to investigate both Cloudtag and also its Nomad Cairn which appears, at best, to have been asleep at the wheel for almost nine months. I know that Cairn boss Tony Rawlinson goes skiing each year with a senior figure in AIM Regulation but this scandal cannot be brushed under the carpet.
Oh dear. Oh dear. AIM Casino bad boy Strat Aero (AERO) does not like seeing emails which show clear evidence of industrial scale fraud and market abuse appearing in public. That is the emails you can see HERE in the $20 million legal claim filed against by proud Texan Hulsey Smith. And so on Monday it went to court to stop the flow of information and to get existing articles pulled.
The more one reads of the explosive legal dossier packed with damning emails, filed by Hulsey Smith in the Texas Courts against Strat Aero (AERO), the more one sees the massive implications for the whole of AIM. In yesterday's bearcast I discussed the massive conflict of interests at Strat's broker Beaufort Securities. Now let's take that further...if you are a Beaufort client this should concern you.
Oh no, Wildes is going to have to report me to the FCA once again for market abuse in awarding the prize, a signed photo of Oakley, to myself. This contest was on my mind following news that once again a "foreign cat" has entered the house through Oakley's cat flap. What would Farage say? "These Bulgarian cats get everywhere, political correctness gone mad...mine's a pint." Anyhow the winning entry - from the many submitted HERE - to the photo below is from me and is:
The standard of entries in yesterday's Getafix on holiday contest was dire. And so notwithstanding the fact that Wildes will now report me to the FCA for market abuse I am awarding the non existent prize to my own entry. You can see the other captions HERE. Please do better with today's selfie sent in by Malcolm who is now back on the beach as you can see below.
It is not just to avoid Wildes screaming "fix - insider dealing and market abuse" and reporting me to the FCA but once again I am not awarding the prize for the day three contest to Nigel Somerville. You can see his and the other five losing entries HERE. For today's contest Getafix has, it seems, left the beach and headed inland and sent us a new photo to allow you to do your worst. The deadline for entering today's contest is midnight ( which is also the deadline in the Tory leadership poll HERE). So yesterday's winner with another corker was...
Market abuser and criminal Chris Oil (as explained here) has now deleted the tweet below, perhaps on the advice of PR genius Steffi. But I suggest to you that it shows a man whose Walter Mitty condition is now becoming critical.
In this presentation I explained how laws on insider dealing and market abuse worked and what they were exactly. I used Chris Oil as a case study showing why the little twerp should be facing a mega fine and a jail term.
Last week I broke the news that Metal Tiger (MTR) was working on a placing and that Andy Thacker at SI Capital was the broker doing the placing. I dont make things like this up and gave Mr Thacker a chanjce to comment before publishing. I was lambasted by BB Morons for making it up and was told the company would phone me over the weekend to tell me I was wrong. There was no placing, Metal needed no cash. I was accused of market abuse for saying there was a placing. Well guess what?
Due to the huge interest in my UK INvestor Show session "Why David Lenigas should be drummed off AIM forever" we are now miving this session to the main auditorium on April 30 2016. I would not want anyone to miss out. And if you needed further evidence of why the case is such a slam dunk here is a tweet from 48 hours ago:
And there were we thinking that market abusing, lying fantasist and all round little twerp had fled to Dubai to avoid taking me on in the boxing match he had challenged me to and accused me of being too cowardly to take part in. But no, the little crook is back in the UK so I have sent him an email. Chris starts with his tweet
We warned you two days ago that Independent Resources (IRG) was trying to spoof investors with a bogus announcement in order to get a discounted placing away...it has not taken long, the placing today is a shocker. the FCA and AIM Regulation must investigate.
It seems that Chris Oil is not only a market abuser, a liar, a fantasist and a criminal but he is also a two faced hyprocritical coward, now fleeing the country rather than face an older, unfit man in the boxing match Oil ( a self proclaimed boxing champion) had challenged that older man to.
Chris Oil has taken to twitter threatenening to "kick the brains" out of me. I guess at least I had some brains to start with. The little twerp says that he will do this if he meets me in the street before going on to boast that he was the U-18 school boxing champion at school. Hmmm. Which school was that you lying twerp? Until 2005 there were only c20 schools in the UK still boxing, I suppose I could check whether the man whose family discovered the North Sea/owned half of Birmingham really is a great pugilist. Mr Oil's demented tweets are below.
The man with the reverse Midas touch, the market abusing criminal Chris Oil has tweeted that he has sold all his oil shares. Naturally that is a lie since one suspects his 13% of now delisted Sefton (SER) is hard to shift as is the £250,000 he spunked into Lenigas Cuba (CUBA). But the tweets (below) are clear.
"Mine's almost 100 foot long" Said criminal Chris Oil to PR Genius Steffi, the TR1 Queen. She looked at him doubtfully. No mine is bigger than that of David Lenigas. Steffi laughed. Chris smiled broadly: "No..., don't be silly I don't need to exaggerate about that...I am talking about my super yacht in the background." The little twerp held his fingers crossed tightly behind his back. Mummy had told him before that he must not tell porkies and that Santa would not be calling at Christmas if he did. Yes the serial market abuser has sent in his first photo from the Indaba mining conference, see below. Post your entries for this latest caption contest in the comments section below. Deadline midnight 14 February (Sunday).
MX Oil (MXO) appears to have sold its Nigerian assets for a good price today. The devil is in the detail and having chatted to CEO Stefan Oliver I shall be looking at the detail very shortly. But before we go any further I applaud Mr Oliver for doing what the fuckwit regulators fail to do, that is to say tackling market abuse.
Oh dear. Oh dear. This looks like another disaster for the lying criminal market abuser Chris Oil who in October put £100,000 into bankrupt TSX listed Mkango Resources at 2.5 Canadian Cents. The stock closed Friday at just 1 Canadian cent with 100,000 shares traded - that would be £500 worth of confetti. But it is not the lobster pot status of Mkango that should really trouble the twerp Oil....it is the ominous silence.
The little twerp just cannot help himself. Today he has announced that yesterday he sold his entire stake in MX Oil (MXO) - 16,666,667 shares. But looking at his tweets (deleted and undeleted) from yesterday the crook is clearly again breaking the law.
The Sith Lord Zak Mir will be leaving the rebel alliance for good on Sunday. As of now this site is (with the exception of the miserable froggie Thierry who has penned a great piece today) fundamentals only, no TA nonsense. We will do some buy tips but not of that ramping shite Bulletin Board Morons love - this site is becoming more critical and bearish. In terms of the market I comment on the joke that is ISDX in light of Nigel's great article today then onto MX Oil (MXO) - explaining market abuse & insider dealing for Wildes and other morons - LGO Energy (TOAST), Koovs (KOOV), UKRProduct (UKR), EG Solotions (EGS), Webis (WEB) and BMR (BMR)
Jabba The Hutt cannot help himself. Having pompously blathered on about how we all need to be responsible when using social media the fat Aussie has today shown himself (again) to be utterly irresponsible or worse. This time the rampfest is LGO Energy (LGO). Jabba tweets:
The insider dealer, market abuser, liar and fantastist Chris Oil does not appear to have enjoyed folks reading my three part Christmas Carol series HERE (1), Here (2) and HERE (finale) - we ask that you share the links with anyone you know, use the tweet button to tweet them to the world and post links on any Bulletin Boards of stocks where the little twerp is involved. Chris really does not want you sharing these articles so you know what to do...
After meeting the ghost of Christmas past HERE and the ghost of Christmas present HERE young Christopher Oil tried as hard as he could to get some sleep. He tried counting Sefton share certificates. It was a bit like counting sheep. They were fluffy and stupid and just hopped over the fence into a big void where they disappeared. But that did not work.
As you will recall young Christopher Oil has already had his Christmas Eve sleep disturbed once by a ghostly figure, the ghost of Christmas past. But Chris convinced himself that this was nothing to concern himself with and was soon sound asleep dreaming about how he and his bestest friend Daniel might build a snowman in the morning if mummy allowed them to play.
Earlier today we flagged up that Chris Oil was committing market abuse by revealing information given to him as an insider in claiming that he owned bonds in MX Oil (MXO). We passed this information onto the Nomad by sending it our article - apparently no-one at Cairn understands how twitter works. That forced MX to issue a statement saying it was doing a debt fund raising - which I gather Oil is participating in - but had not yet completed it. So not only was Oil revealing inside information but he was also lying...the issue is not yet done. As for whether you should follow the little twerp and sign up for the issue?
The little twerp just cannot help breaking the law. You will see in the tweets below that Chris Oil claims to be the largest shareholder in MX Oil (MXO) but that he is also a large bond holder in the AIM listed company. Er hang on...
The Mrs listened to me recording Bearcast today and said that I seemed very happy. Maybe it is the thought of the next Afriag (AFRI) article I am working on or perhaps it was the second painkiller of the day kicking in? Or maybe a truly moronic Bulletin Board Moron posting? In this upbeat mood I discuss who should feature in this year's three part Christmas Carol? Fat Aussie share ramper David Lenigas or market abuser Chris Oil? Or should I run two series? Then a discussion on when Fitbug (FITB) goes bust. After that - in a bad language section - I discuss Arian Silver (AQG) and its fucktard PR man Dominic Baretto. I move onto Plethora (PLE), Aveva (AVV), Concha (CHA), 88 Energy (88E) and Caza Oil & Gas (CAZ) before rattling off the names of a few other small oilers that really are zeros.
Market abuser Chris Oil has recorded a Christmas video special to blogger ABM. It is 31 minutes long but watching it may seem like it took you a lifetime. I was physically sick at 5 minutes and gave up. For any readers into masochism here you go...
Oh dear, poor little market abuser Chris Oil - it seems that the AIM listing of his latest disaster Mkango Resources is running into a spot of bother. I pointed out here that without a fund raise the company would be BUST as soon as it listed. It seems that the news is now getting worse.
So says the sage of the ShareProphets comments section. His thesis is a) that if tipsters were any good they'd be coining it in as investors themselves and b) that they are just talking their own book. He cites the Mirror journalists the City slickers who were sent to prison for pumping and dumping.
We know that the old board at Quindell (QPP) serially mislead and lied to investors as it committed wholesale fraud. Most of that board is now awaiting arrest by the Serious Fraud Office. But now to the NEW board, I have today written to the FCA and AIM Regulation asking whether it mislead investors on August 5 2015 in a material way with regard to its Himex subsidiary
I am asked to be nice to Globo (GBO) non exec Gavin Burnell. I am afraid that I cannot be because with reward ( and Gavin had made more than £100,000 a year as a Globo NED if one includes share sales) comes risk. For AIM to work he needs now to face risk as I explain. Then it is onto New World Oil & Gas (NEW) and why some folks are setting themselves up to lose money (again). Finally more bad news for market abuser Chris Oil regarding his latest car crash of an IPO, Mkango Resources
Market abuser Chris Oil seems attracted to lobster pot stockmarket disasters in the way that I am drawn to Cheryl Cole. It is fascinating to watch car crash after car crash for the little twerp. Following on from Sefton (upping his stake to 13%) just before delisting, Lenigas Cuba (CUBA) – nuff said – now we have Mkango Resources. This train wreck hits AIM on December 2nd.
We make no comment at all about the uber-modest Chris Oil as he declares that he is officially Britain’s Warren Buffet (cripes where did I miss you on the Sunday Times Rich List?) and outlines his plans. Anyone who says that he is just a market abusing little twerp just fails to recognise what a frigging genius the man is. Over to Oily
It gets worse. Shares in AIM and ASX listed Oilex (OEX) have now been suspended on Oz as the full scale of its legal difficulties emerges. The stock has never really recovered from the dual kiss of death of being tipped by both Zak Mir (HERE) and by market abuser Chris Oil (HERE) and is today down another 31% at 0.375p – roughly 90% below the levels when tipped by the dynamic duo a few months ago.
The Globo (GBO) boards provided some cracking examples of Bulletin Board Moron insanity last week. I particularly liked the post “Should I have listened to the drunken blogger TW?” Yes Moron you should have been heeding my warnings on a whole range of stocks for three years but I guess you are happy staying in the Council House. But the Globo loons were trumped by a classic from a Worthington (WRN) backer:
I offer no real comment about the favoured charity of fat Aussie share ramper David Lenigas. Whilst folks like market abuser Chris Oil and PR genius Steffi have been invited it seems that I am not on the guest list for tonight's black tie event. However an invitation has fallen into my hands. View this as a caption contest - do not hold back, be as cruel as you wish.
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.
Sefton Resources (SER) has today updated its shareholders via a release which can only be described as semi-literate. Was it written by Zak Mir? Notwithstanding the appalling syntax the message is clear: shareholders are fucked. We bring the release with a ShareProphets translation service in bold.
Surely it cannot take Sith Lord Zak Mir long to cobble together the gibberish in his articles? Yet he is late in filing. The Pizza hardman Darren Atwater and I are undecided about whether we should fire him. What do you think? Vote now in today's poll.
Following on from his disasters at Sefton Resources (SER) – suspended – MX Oil (MXO) – halved mummy’s cash and Lenigas Cuba (CUBA) another 50% hit, what other shares have the kiss of death blessing of market abuser Chris Oil, the man who says he is Britain’s Buffett. I bring you a video of him being interviewed by a hapless Sith Lord, Zak Mir. Sometimes the Sith Lord makes even Justin the Clown over at ADVFN seem probing.
Following possibly the least successful IPO of the year which has seen punters minus 80% to sell on day one, I'd like to dedicate this song to market abuser Chris Oil who has some explaining to do to mummy and to fat Aussie share ramper David Lenigas. Appropriately it is by The Primitives, aka those dumb enough to invest in this POS.
I hope you had your beer and popcorn ready for the IPO of Lenigas Cuba (CUBA) at 5p because the spread on the shares right now is 1p-1.75p and it gets worse. The “size” is 25,000 to 50,000 which means that you can sell in parcels with a maximum value of £500. If you invested £500,000 at 2p like market abuser Chris Oil did back in July its going to take a long time and a lot of phone calls to get, some of, mummy’s money back.
Back in July as David Lenigas raised £4.2 million at 2p for Lenigas Cuba, mug punters like market abuser Chris Oil were told a Standard Listing within 4-6 weeks would raise £5-10 million at 5p. Oh dear, it seems that 13 weeks later the ISDX IPO tomorrow will have seen just £200,000 raised at 5p. Big Dave has bombed! Now wait for the car crash as the maths are dire.
As we celebrate the Celtic New Year, ShareProphets asks the old gods to bestow a special blessing upon Globo, who allowed ShareProphets to have a record-breaking week. Manannán mac Lir is probably none too happy about being asked to give a thumbs up to a big fraud like Globo, but I imagine that work is hard to come by as a Celtic deity these days.
I increasingly fear for the sanity of my friend David “I just love the smell of newly issued confetti” in the morning Lenigas. Instead of answering simple questions he just tweets increasingly deranged abuse. Have a butcher’s at this classic from last week.
Market abuser Chris Oil is a big investor in Lenigas Cuba whose IPO will be a car crash on Monday. Thus he and David Lenigas are best buddies these days. Their twitter exchanges last week are disgusting as they celebrate closing down their critics. Prepare to be made nauseous by these ghastly individuals.
If this owner of shares in China Norfolk Auhua (ACE) is not living in a council house already he soon will be judging by his quite bonkers investment strategy. Are you up for a challenge? Can you supply a more obvious Bulletin Board Moron of the week? Yes the contest is back.
For the avoidance of doubt I am stone cold sober in writing this. I had a small glass of wine last night but just one. I say this because I now say that Dan Levi (Brokerman Dan) has made a valid point about the Sefton (SER) debacle.
As I warned you yesterday (HERE) shares in Sefton Resources (SER) were suspended this morning following the arrival of a new management team backed by Comrade Dan Levi and the market abuser Chris Oil. Nomad Allenby has quit. The LSE has told other Nomads not to act and in a month Sefton will be booted off the AIM Casino. But it gets worse.
CEB Resources (CEB) has just put itself into suspension pending an announcement on Monday at 0700. No doubt the news is going to be positive, but the trading pattern in this stock since 14:50 yesterday afternoon is deeply troubling. I am a supporter of CEB Resources and would like to see this company do extremely well, but I fear now it is a victim of serious market abuse. Just look at the 5-day chart below.
Yes this story is about smears. Fat Aussie share ramper David “I just love the smell of confetti in the morning” Lenigas has been caught in bed with market abuser Chris Oil and Dan Levi. Let me explain.
In case you are still dumb enough to be holding shares in Sefton Resources (SER) - if you do not sell by 4.30 today you will almost certainly never be able to sell again and you will lose all your money.
It seems that market abuser Chris Oil is in meltdown, rather like the share price of Sefton Resources (SER) of which he owns 5%. His latest twitter abuse is directed against me. And is below
As expected today’s news from carry on Up the Sefton Resources (SER) signals the death of its AIM career but it gets worse, the new management team and its backers stand humiliated. The City of London is closing ranks against them
Carry on Up the Sefton Resources (SER) has helpfully given us an update on its death throws as an AIM casino listed stock – suspension could well arrive by as soon as Friday at 7 AM. The timetable of doom is thus:
I have just been tipped off that someone is about to send a lawyer's letter seeking an injunction. I know who. But can you guess? Needless to say I shall see the bitchez in Court. So it is time for another reader poll. Who wants to gag me?
Carry on up the Sefton Resources (SER) shareholders should be warned: trading in shares in your company will be halted sooner than you think and the company will almost certainly be kicked off the AIM Casino a month later, we have it from more than one source that Clem Chambers and those who called for an EGM are not backing down.
On Friday, midway through the morning session, market makers suddenly marked down the Bid for Sefton Resources (SER) to 0.04p. They did this on what appeared to be a relatively light volume day and with no official news from the company. The Ask was left at 0.06p, leaving Sefton’s share price with a massive 50% spread. This price strongly suggested the market wanted to discourage sellers. A possible (probable?) explanation for this was that there was a major seller in the background. After this morning’s news from the company, it shouldn’t take much effort for the FCA to confirm whether or not anything untoward happened. And so...
As predicted on Sunday in yet another scoop for this website, ZAI Corporate Finance, led by heroic Big Ray Zimmerman, has refused to act as Nomad for the proposed new management team at Carry on up the Sefton Resources (SER). We can now reveal the real reason for this, flag up yet more market abuse by Chris Oil and suggest what happens next.
I have not had a lawyer’s letter for seven months and was feeling rather miffed about it but in a great end to the week I have just got one. It goes without saying that this is a fight I shall relish. I shall see these bitchez in Court and I shall win. All will be revealed tomorrow but would you care to guess which scumbag has sent the letter? Vote by midnight Friday.
We all knew that at the October 6 EGM, team Chris Oil would win and that the current directors – bar Jossy Rachmantio would be booted out to be replaced by ADVFN’s (AFN) Clem Chambers and Mike Hodges. Sefton (SER) has now thrown in the towel but the drama is far from over.
Since I first commented on Imaginatik plc (IMTK) as its shares soared to 8p and beyond in June, I have been bearish. However, does Chairman Matt Cooper deserve a smidgeon of credit now?...
What can we say, the market abuser Chris Oil is not only a genius but also modest with it. As evidenced by a recent tweet from today...
Rob Terry will, I am sure, soon be arrested by the SFO over the Quindell (QPP) fraud but the crook is not finished in his criminal ways. Via his new Ponzi, Quob (Knob) Park Estates he is clearly guilty of market abuse concerning AIM listed Imaginatik (IMTK) and I have asked the FCA to investigate. Perhaps worried about this Terry has been deleting tweets.
In the latest proclamation from the castle on top of Looney Mountain, market abuser Chris Oil has warned the City he is making a list of those whom he is going to “distroy”. Quite what provoked this latest little Twitter temper tantrum is anyone’s guess, but I am sure there are dozens of folks now quivering in their boots, in dreaded fear of an assassin’s blade. For my part, I shall endeavour to do my level best to appear on the top of Little Augustus’ proscription list.
I have obtained the explosive exchange of emails which saw Fox Davies resign as Nomad to Sefton Resources (SER) in 2012. They vindicate me once again in the libel case I won against this POS but show that CURRENT Sefton director Tom Milne is not a fit and proper person to sit on an AIM board and must be SACKED at once.
It is now certain, following the shock resignation of Raylene Whitford, that Sefton Resources (SER) will soon be run by Clem Chambers and Mike Hodges at the behest of Brokerman Dan and market abuser Chris Oil. Nomad Allenby will quit the day the new consortium takes charge meaning Sefton will be booted off the AIM Casino unless a new Nomad steps forward. So which Nomad wants to commit reputation hara-kiri?
Another day and yet more entertainment from the biggest joke company on the AIM casino, Carry on Up The Sefton (SER) – CFO Barbara Windsor, played by Raylene Whitford, has quit the board with immediate effect. WTF?
What the bloody hell do those useless tossers at New World Oil & Gas (NEW) think they are playing at? Last night the feckless twats confirmed they are going to waste shareholders’ money in a pointless conference call on Thursday. The bare minimum this will cost is £5,000 and is a total waste of everyone’s time and of shareholders money. These directors know they are done for, so why don’t they just have the common decency to take glasses of whiskey and a revolver into the corporate study and do the decent thing?
Last year my three part Christmas Carol series concluding on Christmas day featured the Quindell fraudster Rob Terry. In a prior year Evil Knievil featured. I was thinking about this year’s offering today but whose Christmas Carol will I be recounting?
New World Oil & Gas (NEW) has yet to comment but the New World Oil & Gas action Group (NWOG) announced that it had proposed that company rescuer Adam Reynolds and 2 pals join the board at the AGM later this month while 2 existing directors step down.
Carry on up the Sefton (SER) continues to provide amusement for all with three of the leading players taking to the media to put their case yesterday: market abuser Chris Oil played by Kenneth Williams, ADVFN supremo Clem Chambers played by Bernard Breslau and current Sefton boss Barbara Windsor played by Raylene Whitford. The question that emerged relates to Chambers and Oil – who is the organ grinder and who is the monkey.
Earlier this week I reported how market abuser Chris Oil had wasted Police time by reporting me to the Old Bill with West Mercia Police dismissing his compliant after just one email. But it seems, in this latest episode of Carry on Up The Sefton, that Kenneth Williams is nothing if not persistent and has now reported flip flop Ben Turney as well complaining “Oooh Officer, he is awful.”
For many months those connected to market abuser Chris Oil have been boasting that they have Jim Mellon onside as they try to save the company. Oh no….
As Ben revealed HERE Chris Oil has requested an EGM at Sefton Resources to oust the board and replace it with the ADVFN (AFN) duo of Clem Chambers and Mike Hodges. This is a disaster as I expect the market abuser Oil to win. If he does Sefton may well be delisted and its shares are worthless as I explain in today's special podcast. My target price for Sefton shares is now 0p.
The market abuser Chris Oil should be prosecuted for wasting Police time as he has reported me to the Police for harassment. Surely the silly boy saw what happened to Angus Forrest of Tern (TERN) when he tried the same. It appears not. Sadly for me the Old Bill has decided to drop the matter after getting a snotty email from me. That is a shame, this is a Court battle I’d have loved. Anyhow, today’s silly email chain is below:
He may be £500,000 down in six weeks but perhaps that is why market abuser Chris Oil is seeking distraction in a relationship. Thanks to an eagle eyed reader who spotted this gem on a singles website.
Yesterday I reported the story of an AIM CEO, who shared his first hand experience of the City corruption that enables the illegal forward selling of placements. Today I publish a second account, from a separate CEO, who also spoke on the condition of anonymity. Over the years, a number of companies on AIM have suffered illicit coordinated market attacks against their share prices. There has long been a suspicion of direct City complicity in these abusive assaults, involving regulated brokerage firms and market makers. Thanks to the vagaries of libel law and the City’s conspiracy of silence this is a story nearly impossible to report on, but the comments of CEO 2 serve as a warning to private investors in this utterly bent market.
Market abuser Chris Oil modestly claimed that he was better than Warren Buffett when it came to stock selection. But it seems that the Sage of B&B had a rather bad month or two. In fact his losses on just three stocks since early July appear to be almost £0.5 million. Given that Oil reckons that his family discovered the North Sea, this may well be small change to the Sage of Fantasy, but we suspect however that it is not.
AIM Regulation and the FCA’s inability or unwillingness to tackle rampant market abuse involving the illegal forward selling of placements on AIM has cost companies and shareholders hundreds of millions of pounds. The problem has become so widespread that it is widely seen as the cost of doing business in the lower reaches of the market. This is unacceptable and two current CEOs of AIM-listed businesses have spoken out about the parlous state of play. Below I share the first testimonial, given on the condition of anonymity.
Some CEOs have clearly abused twitter telling outright lies (Rob Terry) and being somewhat aggressive with the Truth (Mr 3D I meant 2D seismic). But having failed to deal with major scandals of fraud and lying the oxymoron that is the AIM Regulation is wading in with draconian edicts that will achieve nothing.
What can the London Stock Exchange do to restore confidence to AIM? The “world’s most successful growth market” is ailing and no amount of spin can cover up its decay. According to the latest statistics, at the end of July AIM hosted 1,066 companies, the lowest number since the end of 2004. There have been a mere thirty-seven new issues so far this year, of which one was a transfer from the main market and eight were re-admissions. Having failed so miserably to police its market, the London Stock Exchange now faces an immense challenge proving to the investment community that it has the wherewithal to arrest AIM’s increasingly terminal decline.
The Sefton Resources (SER) market abuser Chris Oil has given Ben Turney and ShareProphets a “final warning” that he must not ask any more questions of him or write articles about him or he and this website will be reported to the Police. Yeah right.
We should be grateful to convicted armed robber Daniel Levi. Really we should, for he has proven, in the most graphic manner possible, so much of what is wrong with AIM. Formerly known as David John Hopkins, Levi has spent sixteen years in jail for two separate convictions involving firearms. There is no indication that either conviction is spent. It will now be a source of major embarrassment both to the London Stock Exchange and the Financial Conduct Authority that a man with Levi’s background was able to become Executive Chairman of Sefton Resources (SER), without anyone picking up on his criminal past.
Not a lot can now get me to take out time from my sabbatical. After a couple of days with my father this week I have been inspired to write the first (short) chapter of the novel which is now with my friend Gary for review. However, David “when I said 3g seismic I meant 2g” Lenigas tweeting that I am a liar and should “get a life” drives me to respond.
This morning’s RNS from New World Oil & Gas (NEW) proved once again what a fork-tongued liar Chris Oil is. At some point we will probably get bored of running pieces about our favourite market abuser, but the latest cack-handed deception is worth a quick mention.
Market abuser Chris Oil has amazingly still been offered a platform by the ADVFN Newspaper to write his semi-literate shite. Today he tries to pump New World Oil & Gas (NEW) with a ludicrous suggestion that a company with piss-poor worthless assets, a totally discredited management and c£3 million of cash could be worth £40 million. In this podcast I serve up a translation of the Oil piffle which you can see below.
Last Friday it was announced that Dan Levi (Brokerman Dan) and the market abuser Chris Oil had upped their stake in Sefton Resources from 9.4% to 10.2% and sources tell us that this is a prelude to them calling an EGM to ditch the board and install Clem Chambers & Mike Hodges of ADVFN as directors with Levi as a consultant.
At the start of the New World Oil & Gas (NEW) forward selling fiasco Liam was cited as being one of the “innocent” forward sellers, who “accidentally” got himself embroiled in this mess. In fact, Liam was the primary example used to paint a human face on perhaps one of the most reckless market acts ever witnessed on AIM. Unfortunately for those who chose Liam as the forward sellers’ poster-boy, he has not behaved well. Posting under the username “Awkward Turtle” across social media, Liam is quite removed from being an “ordinary” private investor. Mr Turtle, as it is perhaps more appropriate to call Liam, is a small, yet revealing, part of something far more sinister and well coordinated.
On Thursday Raylene Whitford, the FD and only executive director at embattled Sefton Resources (SER) was asked about the possibility of boardroom change and stated that "The last thing Sefton needs is another person in the company trying to line their pockets”. We asked you who you thought she was referring to. You were in no doubt.
In a podcast organised by a well-known utter clown that went out on Thursday Sefton’s pouting FD Raylene Whitford slammed certain folk agitating for boardroom change with this biting comment "The last thing Sefton needs is another person in the company trying to line their pockets”. Ooooh er missus….
Doc Holiday has just published a phone message left to him by our favourite flavour of the month, market abuser (HERE, HERE and HERE) Chris Oil. It seems like dear old Chris got wind of Sefton’s placement before it happened and called Doc to let him know the good news. We provide an exclusive transcript of the message below.
Just what dodgy websites has the Sith Lord Zak Mir been logging onto recently? I only ask because I - and at least one other person in his address book has just received the following email:
Just in case anyone is bonkers enough to believe that Daniel Levi Associates is genuinely able to fill in the paperwork properly to call an EGM at Sefton Resources (SER), we now present a helpful translation of this self-styled corporate raider’s highly entertaining last attempt at requisitioning a meeting. (Spoiler alert -- It didn’t go too well).
There is no Bulletin Board Moron of the week thread but I felt compelled to pass on this gem speculating about what the market abuser Chris Oil and his manservant Dan Levi were up to at Sefton. The mind boggles. Over to some loon on twitter who speculates:
Just before the close, Sefton Resources (SER) announced that Daniel Levi and market abuser Chris Oil had bought back into the company. This has provoked a furious reaction and it will be very interesting to see how the market responds today. After the first time Mr Levi “saved” Sefton, the company’s share price went up nearly seven times, to an eye-watering 0.39p. Oblivious to the fact that Mr Levi failed to deliver his operational promises and sold a massive chunk of his stock near the unsustainable and over-promoted top, Seftonologists still saw good value in this cash shell with little cash, no assets and an £11.3million market cap. Will this bunch fall for the shenanigans again or will it finally learn its lesson and pay heed to the obvious toxic danger signals now slapped all over this stock?
On May 8, the market abuser Chris Oil tweeted out that folks should buy shares in Sefton (SER) as - at the same time - he and Brokerman Dan sold their entire 6% holding at between 0.35p and 0.4p. Yesterday morning Sefton announced a bailout placing at just 0.065p. Guess what happened next?
As the self-congratulatory celebration of AIM’s twentieth birthday reaches a crescendo, the odd share trades (just coincidence we are sure) continue unabated. This morning, in a perfectly timed manner, we found out why StratMin Global Resources’ (STGR) share price mysteriously jumped 19% in the last hour and a half of trading yesterday. This morning, the company announced a strategic partnership with India’s Tirupati Carbons & Chemicals Group. What is brilliant about this example is that we’ve been here before with StratMin. Better yet, I reported the last time well-timed traders got their hands on StratMin’s price sensitive information to the FCA.
As an alternative to Bulletin Board Moron of the week this week we launch a new contest - twitter ramper of the week and as it is our debut all tweets going back to May 8th are eligible. And that meas that to win the contest you have to show a tweet which is either criminal or just mindless ramping that beats this one from market abuser Chris Oil.
Why would you go onto the Internet to read a magazine? I haven't the faintest - but thousands of you have done so and clicked here to read the first edition of UK Investor magazine. We've being podcasts, so I guess that's like radio on the Internet and we've do videos since the beguinning, and that's a little like television on the Internet so I guess that I should not be surprised that putting print on the Internet is a success.
With controversy and speculation surrounding a number of AIM stocks recently I felt compelled to write a little more about a small cap aim company that has been slammed by the naysayers based on pure ignorance and fool hardiness. I've heard much about Sefton Resources (SER) and what it hoped to do in the near term. Whilst I maintain that the gang at Sefton has been handed a lifeline, it's hardly cut and dry so lets look at a few facts regarding Sefton and the newly readmitted CEB Resources (CEB).
Hot on the heels of his hilarious appearance at Zak’s Traders Café last Monday, ShareProphets has just learned of yet another deleted Tweet from self-styled multi-millionaire City trader and well-known “invetement” writer Chris Oil. Once again, Chris thought he could escape justice and cover up his market abuse, but once again he was wrong. Our faithful bloodhounds are on the trail and will not rest until this serial market abuser is dealt with by the FCA.
In the past seven days, 48,853 unique readers read 90,453 pages on ShareProphets. The circulation of the Investors Chronicle is c30,000. Shares is less than half of that. To our critics who think we do not count, we say think again.
Back in the good old days, when our dear friend Jim Ellerton was hocking his wares around the busy streets of London, shareholders in Sefton Resources (SER) were at least able to delude themselves with pipedreams of Kansan gas riches and a Californian heavy oil rush. As we all know, those promises of future wealth were a fantasy, deliberately designed to fund Ellerton’s lavish Hawaiian existence and taste for expensive hotels. Sefton was the ultimate lifestyle company, but what of today’s myths about this cashless cash shell?
He was Zak Mir's guest. Ben & I think that Chris Oil is a criminal and a market abuser. But here is the man himself on video. To register for more free booze and pizza at ZaksTradersCafe events ( the next one is 22nd June) click HERE
Sefton (SER) shares have fallen to just 0.13p to sell. How wise market abuser Chris Oil was to sell all his shares on 8 May at 0.37p as he tweeted out that folks should be buying. But in light of the collapseroonie I have a brief question for the company's broker Cornhill.
On the very day that market abuser Chris Oil started selling 96 million shares in Sefton Resources (SER) he tweeted out that the stock was a buy to those who follow him. There were other ramps to follow as Oil cleared his position which were so blatant that the FCA is now investigating him. To be so blatant with your market abuse surely makes you a Bulletin Board Moron but perhaps you have spotted someone tweeting or posting something even more stupid. we suggest that boards for New World, Sefton and Worthington will once again throw up some examples.
A long chat with Brokerman Dan, the crony capitalist resident of the Manchester Slums this morning has resulted in a new declaration of peace in our time. We only await his ordering of a nice big celebratory cake from Northern Ireland for the deal to be sealed. We still disagree on a few things, notably the actions of market abuser Chris Oil.
Wednesday night’s result of New World Oil & Gas’ (NEW) EGM threw up an intriguing figure; 68,105,573. Now that figure might not seem particularly stimulating to the casual observer, but this block of votes voted in favour of Resolution 1 (for the placement) and against Resolution 2 (for the director/advisor warrants). Quite why anyone would have been in favour of the placement yet against the warrants is a bit on the peculiar side. Then again the New World debacle has attracted its fair share of odd characters. Speaking of which, did I mention that Chris Oil’s broker held 69,815,402 New World shares on the morning of the EGM?
Naturally I start this podcast with my big news - last night's encounter with a snake: did I kill it. You can read about that HERE. Next up is a detailed look at today's news from Environmental Recycling (ENRT), formerly 3DM, then onto Tomco, Rose Petroleum, Tungsten, Blinkx, Sefton and Solgold. And then for some folks out there - including Chris Oil - I explain what constitutes market abuse and/or insider dealing and what the FCA should do about what is NOT a victimless crime.
Apologies - publication was delayed by IT issues at the pizza hardman ranch in Canada. Ahead of supper with my father a short podcast was recorded on Thursday covering New World Oil & Gas and the market abuser Chris Oil, Tungsten, Ferrum Cresent and Rose Petroleum
Hmmmmm, sorry to tell those who are urging investors to boycott this website because we oppose market abuse but your campaign is, like the share price of Sefton Resources, going down in flames. We are having a great day.
I am afraid that the entries for the three men in a bath caption contest were almost universally obscene. Whatever I have written about Big Dave Lenigas I have never suggested that he is anything other than a red blooded heterosexual. As for the other two… well the Sith Lord did go to a posh boarding school but that was all a long time ago.
That crony capitalist Brokerman Dan is today exposed as a pump and dump merchant in Sefton (SER) is horrifying enough – see HERE. But now mad blogger Chris Oil of New World infamy (HERE) is show to be quite frankly guilty of market abuse. This is shameless and revolting.
The conventional wisdom is that you should follow the “insiders” that is the board in terms of buying and selling shares. Sometimes the conventional wisdom is wrong. We can start with buys.