This is a disgrace and if the Oxymorons at AIM regulation “led” by the bogus Sheriff of AIM, Mr Marcus Stuttard, were not such pathetic and spineless pond life they would be banning the devout Christian Matt Lofgran and London’s worst Nomad from playing any further part in life on the AIM sewer.
How long does it take? In 2021, the annual report came out on 4 June; this year, it will be later. Natch, Eurasia (EUA) has an excuse. Despite claiming sanctions had no effect, it now states:
Yesterday, I revealed how, as CEO of Elephant Oil, Matt Lofgran had handed out 30% of its equity, gratis - most notably to a convicted pump-and-dump operator, currently facing 85 years in jail. Lofgran would happily sup with the devil, so as to get away an IPO, which would have netted him an immediate $500,000 and a 100% pay rise. I have thus written to the Oxymorons at AIM Regulation.
Today's shocking news is not evidence of illegal behaviour, I am told by a member of the death spiral community. I am not so sure. But investors were indeed deceived by Vast Resources (VAST), Atlas and Beaumont Cornish, which signed off on the May 3 release. The incident brings “the world’s most successful growth market” into disrepute, and I have written to Marcus Stuttard, the bogus Sheriff and head of the Oxymorons at AIM Regulation, urging him to investigate possible illegality and to censure all those involved.
After my weekend revelations, following on from Friday’s bombshell admission of rank dishonesty, I had expected Kinovo (KINO) shares to be suspended by now. For those weekend reports suggest that, very soon, the company will be reliant on its banks for its survival. I have written to the Oxymorons at AIM Regulation, about what is a major scandal of non-disclosure.
A note out on 26th April 2022 from AIM-listed Origo Partners (OPP)updated its long suffering followers that its shares would be suspended from the month end, as its Nomad, Arden Partners, was being acquired and was giving up on the Nomad business. But since the asset disposal programme was almost finished, the company advised that it was not looking for a replacement. So as of 30 May 2022 Origo’s career of the AIM Casino will be history.
Surely, AIM Regulation must publicly censure Kinovo (KINO), and possibly its Nomad and broker, Canaccord Genuity. One - or both - of them has grotesquely misled investors to the tune of £8 million and rising, only fessing up to the scale of that deception today, which has sent the shares tumbling.
Death spiral provider, Atlas, is selling shares as fast as it can, in the hope of reducing its $5.05 million exposure to AIM Listed Vast Resources (VAST). It knows Vast is teetering on the brink, but a source close to the company explains why it is already trading whilst insolvent. He says:
Mr Westbrook is undeterred by his encounter with bully-boy charlatan, Neill Ricketts of Versarien (VRS). He has now waded into battle with SP Angel, London’s second-worst Nomad after Beaumont Cornish, on the matter of the Paragon Diamonds Scandal. Nigel and I covered this debacle at the time, making it clear that we believed Nomad Northland, now part of SP Angel, behaved disgracefully. Westbrook has fired off the letter below, which I shall now pass to AIM Regulation, asking the Oxymorons if they can explain why SP Angel still has a license to operate. Ian writes…
When professional services group, Ince (INCE), announced that it was buying its own, subscale, Nomad Arden Partners (ARDN), I suggested this posed such humungous conflicts of interest that it was a duff deal. Ince, advised by Arden, disagreed. Ho. Ho. Ho.
By the end of April, worthless, deceitful and pointless AIM-sewer-listed Vast Resources (VAST) has promised to refinance its Atlas death spiral with a bunch of Swiss gents. But with $5.5 million outstanding on the loan, the market cap, at 0.625p, down to £2.3 million, and a high risk of bankruptcy, maybe the Swiss are getting cold feet. Hence…
It is now two years since His Highness, Sheikh Ahmed Dalmook Al Maktoum, clambered aboard the jam-tomorrow joke that is Oracle Power (ORCP). News of the Sheikh’s involvement saw its shares surge to 1.25p. Last December, he exercised 200 million warrants, meaning he now owns 500 million shares, for which he paid 0.25p each. But Oracle’s share price has flagged a bit of late, as investors have grown mightily tired of its jam-tomorrow coal and gold projects.
I have, today, written to both the FCA and the oxymorons at AIM Regulation, on, what seems to me, sure-fire market abuse. The original letter names two AIM Companies and one “social media influencer” (I have redacted the names below). But I understand that the problem is not confined to these two companies and one “social media influencer”, and I am urging the authorities to work together on tackling what seems a growing issue.
As I explained in the free to access podcast yesterday, shareholders in Omega Diagnostics (ODX) should be blaming the company and its advisers FinnCap and Paul “Queenie” McManus of Walbrook PR for their losses. I have written to the Oxymorons at AIM Regulation asking for an investigation into CEO Jag Grewal, CFO Chris Lea, Geoff Nash and Alice Lane at FinnCap and into Queenie himself.
Following on from Evil Banksta’s most excellent article on Friday about the £640 million joke at Eurasia Mining (EUA) it is quite clear that Nomad SP Angel does not give a FF about its clients shares being remotely orderly in its markets as we have seen with the scandals at the MySquar (MYSQ) fraud and at BlueJay Mining (JAY) where Angel pumped the stock aggressively so it could dump its own shares on mug punters. I have therefore written to the Oxymorons at AIM Regulation suggesting that it force an announcement
How I miss those days when the then boss of Rossyln Data (RDT) could not remember whether or not he was a former pornographer. His replacement, Paul Watts, might not be so colourful, but, like the ex-pornographer he still has the unpleasant task of trying to polish up regular turds of profits warnings.
In today’s podcast I cover Chill Brands (CHLL) and Guild E-Sports (GILD) as both prepare to publish results.I look at lessons learned, or rather not learned by the Oxymorons at AIM Regulation, from Deepverge (DVRG) and I comment on Union Jack Oil (UJO), its disgraced boss David Bramhill and its inevitable cashburn.
As I explained in detail HERE, Gerry “the arse” Brandon and Deepverge breached AIM Rule 11 ahead of last June’s bailout placing. That AIM Regulation has allowed “the arse” Brandon to keep his job shows what a joke market the Casino is. For today, six months after that bailout placing at 30p, the shares are 20.25p, sliding and still monstrously overvalued. Had the Oxymorons publicly censured this company and Gerry the arse, investors might have got out before today’s shambles.
I have written to the Oxymorons at AIM Regulation,led by the bogus Sheriff of AIM Marcus Stuttard, following two shock revelations on this website which should mean a 7 AM Monday Suspension of Trading in shares in ADM Energy (ADME) and a full enquiry into Nomad Cairn Financial & broker Ardern. The letter follows:
During the next 24 hours I shall be publishing a number of articles showing that AIM listed ADM Energy (ADME) has consistently misled investors as to the state of its finances while raising money in new placings. I shall look at where some of that cash went and who was aware of it, including former Tory MP Sir (now Lord) Henry Bellingham of the the 3DM fraud infamy who is a NED. At the end of the series you will be in no doubt that this company’s shares are utterly worthless and that those hawk like watchdogs at AIM Regulation, the folks fomerly referred to as the Oxymorons, should be swooping to feel collars both at ADM but also acting against its advisors. I start with a letter sent to the Winnileaks service which ADM received on 9 July 2021.
Let us be clear, Mercantile Ports & Logistics (MPL) is not on trial itself.But none the less this looming $300 million fraud trial is another red flag for this perennial AIM uber dog.
Back in last July I exposed AIM Wannabee Central Copper Resources. The team behind it had listed a company, Cradle Arc, on the AIM sewer in late 2018 which within a year saw its shares suspended pending clarification, engaged in tax evasion, traded while insolvent and deceived investors before going bust. Surely advisers and AIM Regulation would not allow such scallywags a second chance?
I set out below four reasons why Tintra’s (TNT) interim financial statements are not compliant with the requirements of IAS 34 for interim financial statements and why new interims are required. Do I expect Nomad Allenby or the Oxymorons at AIM Regulation to do anything about black and white breaches of the rules? No. My faith in regulators or City advisors is at rock bottom. But just for the record:
Device Authority Limited states that it has filed abbreviated accounts because it qualifies as a small company which it is why it only files a balance sheet and selected notes. However, even based on the limited information provided we can see that AIM listed bag of puff Tern (TERN) is providing approximately 2/3rds of the current funding to Device Authority in terms of cumulative advances and accrued interest as shown below:
The journalist trolling arse of a CEO, that is Gerry Brandon of Deepverge (DVRG), has already been exposed by this website for breaching AIM Rule 11 and misleading investors ahead of his last bailout placing. But today comes news that such deception has happened before. Gerry, you are a very naughty boy indeed and if you had a shred of integrity you’d be quitting in disgrace right now.
And I fear that this will continue all week. I am pretty pissed off with Jaya’s nursery and thinking that I am in the wrong business. It looks an even better calling than cabbage picking. I cover two companies today: Ben’s Creek and the explicit challenge to and communication with the Oxymorons at AIM Regulation and Falanx (FLX) where I am sure good news will be pissed away.
It has been three months and ten days since places in a £10 million offering at 30p from AIM listed Deepverge (DVRG) got their stock. At mid they are now 25% down with the shares at 22.5p. Folks who took part in the placing were misled by the company as to its trading position as it breached AIM Rule 11. I have again written to AIM Regulation demanding that formal action be taken. That letter is below. Meanwhile should punters hang on?
It should not be me contacting the Oxymorons at AIM Regulation about this it should be Nomad and broker Cenkos Securities and Primary Bid which raised money at 0.45p per share on August 19, putting their clients into this serial dog. Indeed, Lagos Securities should be considering whether, in light of today’s share suspension, it can continue to act as Nomad for Mercantile Ports and Logistics (MPL). I believe that should be resigning at once. I have written to the Oxymorons as you can see below.
Clearly Vast Resources (VAST) has misled investors of many years allowing the AIM fat cats who run this company to live the lifestyle at the expense of others. I flagged up one such shocker HERE. Fleet Street legend Brian Basham has tried to get the woke dullards at the FCA and the Oxymorons at AIM Regulation to do something but neither seem to care. His latest exchange of emails has fallen into my hands.
I have identified Tern (TERN) previously as a compelling short as nothing it says makes sense, the stated NAV is about 9p at best and the shares are 19.25p. But that NAV is bogus! The main component of NAV ,just over 50% is a holding in Device Authority but there is a bombshell out there Tern is not telling folks about. Device looks to be insolvent.
This should be an open and shut case and, if only pour encourager les autres, Deepverge PLC (DVRG), its Nomad SPARK Advisory and its journalist trolling arse of a CEO Gerry Brandon should be served up with a severe public censure. I have written to the Oxymorons at AIM Regulation below.
After the MyHealthChecked (MHC) debacle of last week, I really do sit here wondering if anybody involved in London’s financial markets cares about the rules anymore. It is not as if anything ever happens to those who break them so why bother playing by them? Meet Mark Fry.
Earlier today, I broke the news that MyHealthChecked (MHC) where I am, of course, a loyal shareholder is now selling its covid tests via Lloyds Pharmacies. We do not know if it is just online or in any or all of the company’s 1400 stores but this is clearly material. MyHealthchecked has announced nothing. At one point earlier, the shares were up 38%. My job as a journalist is to break news which I did. I will not trade any shares until the company comes clean and probably not even then. The company’s duties under AIM listing rules include maintaining an orderly market in its shares. It has failed in that. I have written to the Oxymorons at AIM Regulation demanding an enquiry and a statement.
This is massive. Lloyds has 1400 stores across the UK. And as you can see HERE, it is now selling the MyHealthChecked (MHC) covid test. Boots is selling the test from more than 500 stores and that deal plus sales from MyHealthChecked’s own portal managed to drive sales of c£3 million in May and June alone. So gaining this additional distribution (plus that from partnering with EasyJet) is surely highly material. Why no RNS?
It is only two weeks since Crowd For Angels, the world’s worst crowdfunding firm, closed its failed attempt to raise £500,000 for the serial liars at Verditek (VDTK) and now we get interims which tell you that, by Christmas, those fools lured by Richard “Gollum” Gill’s grotesquely misleading financial promotions into backing the bond will be at risk. These numbers are a disaster for the company led by Tory toff Lord Willetts. Insolvency beckons.
Brian Basham sent my most recent article on Vast Resources (VAST) to the Oxymorons at AIM Regulation demanding it take action. Its risible response is below followed by another damning missive from the Fleet Street legend.
So says Fleet Street legend Brian Basham. Given that Brian has accused Vast’s (VAST) board of malfeasance and repeatedly called on the useless regulators to act against the company I doubt he has its best interest at heart. This is one case I would love to fight so bring it on Vast: see you Bitchez in Court! So what is Brian’s point?
I start with the refugees which leads nicely into the vicious and Orwellian attack by Channel 4 News on Steve Brown of Orcadian Energy (ORCA) where I am a loyal shareholder. What has happened here is a direct attack on free speech, an attack by the media itself. It is horrific. Then it is onto Versarien (VRS). Ian Westbrook may well be within £1950 of being able to make the loathsome pig Neill Ricketts sweat like an AIM CEO so with 22 hours to go, please keep donating HERE. Meanwhile, Neill is up to his old tricks of disseminating over-egged “news” via non RNS means as I expose HERE. Surely the Oxymorons must act?
I make no accusation here against UK Oil & Gas (UKOG) and its boss Lyin’ Steve Sanderson. It is just that the recent timeline of disaster looks rather compressed to me. And given Lyin’ Steve’s form for er…lying, I have dropped the note, below, to the Oxymorons at AIM Regulation, cc’ing the woke dullards at the FCA since this relates to the conduct of an open offer.
Over at Powerhouse Energy (PHE), the chairman is branded a liar by a High Court Judge but because Tim Yeo is a Tory Toff he gets to keep his job. At Verditek (VDTK) – the company that repeatedly announces big contracts to ramp the shares ahead of a placing only for the contracts to evaporate once the mug punters have ponied up, the Tory Toff in charge is Lord David Willetts. Because the good Lord is just the sort of fine fellow to whom we should all doff our cap, normal AIM rules don’t apply.
In May of this year, I put it to Mr Neil Thapar, the PR supremo of Cellular Goods (CBX), that John Story was selling some of his 15 million shares in the joke David Beckham pot play, even though he was a lock-in not set to expire until 26 August this year. Thapar pooh poohed me. Today his company fesses that Story has indeed breached the prospectus lock-in.
Peter Brailey has the scoop on all the nationals. Ex Tory Minister sleazy Tim Yeo has been accused by a judge of lying under oath as he was found guilty of failing to appropriately discharge his fiduciary duties and now bankrupt TMO Renewables.
Fleet Street Legend Brian Basham was once a director of Vast Resources (VAST) but resigned in disgust at what he saw as blatant corporate malfeasance. He has been urging the Oxymorons at AIM Regulation and the woke dullards at the FCA to act, so far, without success. His latest missive to the FCA has fallen into the hands of Winnileaks and makes accusations that surely demand a response. It is shocking and it is below.
I start with logistical issues. Thanks to Andrew Bell and Red Rock Resources (RRR), I need to find another hat to eat on video. This may take a while but I am a man of my word. I discuss Red Rock and why Bell has let me down. I end with a picture of where I was at lunchtime with Joshua celebrating today’s personal triumph re Eden Research and KPMG. Then I look at Verditek (VDTK) where surely the FCA or the Oxymorons at AIM Regulation must act now. Today’s news begs more questions for the AIM Shit of the year 2012-20, Richard Gill, aka Gollum. Then onto Hurricane Energy (HUR), Wildcat Petroleum (WCAT) and Eight Capital Partners (ECP) part of the Supply@ME Capital (SYME) swamp.
Will Richard Gill, aka Gollum, the AIM Shit of the year 2012-2020, update the Crowd For Angels green ponzi bond prospectus to reflect the lies exposed by today’s full year results from Verditek (VDTK)? I doubt it. Remember that in the run-up to an October 2020 £3.5 million fund raise, this company announced EIGHT sales contracts.
Shares in Bidstack (BIDS) have slumped to just 2.95p today. There are two reasons for that but mad Jew-hating loons on the Bulletin Boards think there is a third. Of course, blame the wicked Jews for everything. Just why does this company attract such total lunatics? Do you remember cross-dressing IT freak Mike Turner from Northants?
The comedy continues at AIM uber-dog Lekoil (LEK) of fake sheikh scam infamy. Three directors of Lekoil have today resigned and have written to AIM Regulation asking those crack regulators to investigate the company. Cripes do they not know about the Oxymorons? You may remember that on June 10 Lekoil fired its CEO, Mr. Olalekan Akinyanmi. On the grounds that he was also CEO of Lekoil Nigeria in which the AIM dog has a 40% stake.
Roland “Fatty” Cornish, London’s worst Nomad, and the Oxymorons at AIM Regulation are yet to respond to my damning related party expose of Alien Metals (UFO) of last week HERE. While we wait and, as Roland starts the countdown to his elevenses, here are some more questions that he should be asking of his client.
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 my second letter this month to the Oxymorons at AIM Regulation about Bidstack (BIDS) where some investors have been made aware that trading is way behind budget but others live in blissful ignorance. I demonstrated earlier that Bidstack is now within days of going bust unless it undertakes a bailout placing so AIM Regulation MUST force it to come clean. The letter reads:
Surely, before undertaking a bailout-discounted placing with bucket shops, a company has to come clean and admit that trading is way below what had been forecast? Those are the AIM Rules but Lyin’ James Draper and Bidstack (BIDS) do not give a rat’s arse about rules and neither, it seems, do the Oxymorons at AIM Regulation. On 22 April, house broker & Nomad Stifel slashed its 2021 and 2022 sales forecasts and upped its forecast losses for Bidstack but the company is yet to admit that trading has fallen off a cliff. But today with cash down to almost nothing and staring down the barrel of insolvency, surely it must be made to ‘fess up? Here are the maths:
Fleet Street legend Brian Basham is at war with Marcus Stuttard, his team of Oxymorons at AIM Regulation and the London Stock Exchange over its refusal to tackle what he sees as industrial scale abuse of market rules and shareholders’ funds at Vast Resources (VAST) where he was once a director. His correspondence with the hapless Stuttard, the self-styled Sheriff of AIM, began on April 20:
Three sorts of investors know that trading at Bidstack (BIDS) is far worse than the company had hoped for and that it now faces a gargantuan cash crisis putting its very survival in doubt: clients of Stifel, those who can afford a Bloomberg terminal and readers of this website. Thanks to the company ignoring AIM Rules 10 & 11, most investors are seeing their savings die of ignorance. I have again written to the Oxymorons at AIM Regulation urging them to force an immediate statement.
Here we go again! Do the BBMs never learn? Shares in AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) took off again last week on more unfounded rumours on the bulletin boards that something is about to happen at principal investee Device Authority. Last weekend the shares were marooned at 7.7p. This week the shares shot higher to peak at 12.95p and closed the week at 10.75p in the middle. But there was no news, and we have seen this all before so many times……
It is not as if this company has not already had problems with Nomad’s quitting because of rule breaches and misleading statements before, is it? But with Eurasia’s (EUA) current Nomad being the fraudster’s Nomad of choice, SP Angel of MySquar (MYSQ) infamy, I guess that sticking to the rules is not actually needed. So that is alright then.
Yes, even MyHealthChecked (MHC) where I am a shareholder should have its shares suspended. The reason is a webpage which went live yesterday and which is now being widely discussed on social media which seems to show that the Government is soon to announce contracts worth £8 billion for covid test suppliers. This is going to cause share price mayhem on Monday.
On 21 January, joke graphene company Versarien (VRS) published interim results which misled investors as to its net debt position by classifying a £1.96 million (illegal) Government loan as a trade payable not as a loan. Having deceived folks with this presentation, loathsome boss Neill Ricketts was again selling shares, this time 1.65 million of them. Now, after I complained to the Oxymorons at AIM Regulation and hapless Nomad SP Angel of fraud MySquar infamy, Versarien has ‘fessed. But even so, it does so in a misleading and deceptive fashion reinforcing why its shares are so utterly uninvestable.
As you are aware, Marcus Stuttard, the clueless bogus Sheriff of AIM who heads up the Oxymorons at AIM Regulation, continues to insist that his market is a great success. Indeed he recently stated:
The whole Eurasia Mining (EUA) story stinks more and more with each day that goes by. Today’s episode started at no-one is watching O’Clock, 6.02 PM, with a statement that begs more questions than it answers. You may remember that on January 27, shares in the company slumped by 40% as it emerged that the company’s high profile boardroom M&A Advisor Alexei Churakov had dumped 27.4 million shares at 29p. That evening, I revealed HERE how Company Secretary Keith Byrne had apparently been reassuring private investors who inhabited a secret Telegram group that this was not an issue as Churakov had left some time ago.
Earlier I broke the story of how desperate Supply@ME Capital (SYME) owning morons were gathering on Redditt to try to replicate the GameStop effect in the UK and to “FuckTheLondonStockExchange”, manipulating shares in the, currently suspended, con from a £122 million value to £12 billion! I will have some bad news for them from the FCA later. But there is another group on Redditt now trying to organise a GameStop on a range of stocks and guess which sleazy, share dumping, lying CEO of a cash guzzling AIM listed POS has signed up, as I demonstrate below.
Yesterday, Verditek (VDTK) finally ‘fessed that its 2020 revenues would be almost nothing. That is despite it announcing on June 30 that its Italian operation was now “in production and is generating revenue” and the announcement of no less than EIGHT separate orders from 30 June onwards. All of those “orders” were announced before a bailout placing on October 6. And it is not as if this company, chaired by Tory Toff Lord Willetts, has not got extensive form in announcing big orders before placings which then turn out to be bogus. The Oxymorons at AIM Regulation could have stopped this if they had heeded my calls in a letter to them about a full enquiry into past pre-placing deceits going back right to the IPO but they did nothing. There now needs to be a full enquiry into the company and into Nomad WH Ireland with public censures resulting. My letter is below:
You would have thought that after the last scandal we exposed, where Zak Mir acted as a good German and posted on the private Telegram chatroom false ramps on the orders of a Eurasia Mining (EUA) director, the company would be a bit more careful about how it discloses information. Think again. Today the shares crashed by 40% as it was announced that M&A director Alexei Chukov dumped 27.4 million shares at 29p. On the “private and secret” Telegram chatroom punters panicked as we showed you HERE.
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!
Shares in Ms Willingham’s AIM-listed Nightcap (NGHT) are the 3rd biggest riser on the Casino today, up 26% at 17p on the back of an article in the Mail on Sunday by Ms Harriet Dennys which, as I pointed out yesterday, is total bollocks and a deceipt. It quotes Ms Willingham and the question is has she told a monstrous lie or is Ms Dennys just making things up? With the shares roofing it, I have written to the Oxymorons at AIM Regulation as the company needs to comment urgently. This is a false market.
The results were so shockingly bad that it is hard to see why Versarien (VRS) bothered to mislead investors. But it did and in a material way and thus I have written to the Oxymorons at AIM Regulation to flag this up and suggesting that odious Neill Ricketts and his disgraced Nomad, SP Angel of the fraud MySquar infamy, be forced to restate reissue a corrected version. The letter is below.
Being on the Standard List, Supply@ME Capital’s (SYME) statements are regulated not by the Oxymorons at AIM Regulation but the floor-shitters round at the FCA. When it comes to regulating the Standard List, the floor shitters make the Oxymorons seem like Inspector Morse, Hercule Poirot and the Sweeney rolled into one. I have already shown the nonsense being stated about Supply’s change of year-end and why it is trying to cover up. Next up is why the shares should be suspended at once. There is case precedent.
Just a few hours before voting to delist Octagonal (OCT) from the AIM Cesspit earlier this week, shareholders in the company were presented with unaudited interim results for the six months ended 30 September 2020. With AIM’s worst FD, Nilesh Jagatia, in charge and London’s worst Nomad, Roland “fatty” Cornish, signing off, you will not be shocked that there were a raft of howling schoolboy errors.
At 1.25pm AIM-listed POS Inspirit Energy (INSP) issued a statement relating to fellow AIM-listed Octagonal, where its CEO and Chairman John Gunn, and Finance Director Nilesh Jagatia also reside in the same roles, whose subsidiary, Global Investment Strategy is Inspirit’s sole broker – the very same subsidiary which has been charged by the SEC – alongside John Gunn, for aiding and abetting – with violating US broker-dealer registration provisions of the Securities Exchange Act 1934. Given that Jagatia and Gunn make up two thirds of the board of Inspirit, there clearly is a problem here!
How many letters have I written to the Oxymorons at AIM Regulation about the lies and market abuse committed by Versarien (VRS)? To their credit, the Oxymorons have, on a number of occasions, forced Versarien to issue a new RNS fessing up to various ghastly truths so they do heed my words sometimes. Anyhow, Versarien has told another porky today and so I have written again.
First I start with Joshua’s Advent calendar and the appearance of the star. Then who is to be my Christmas carol villain of the year then it has to be Welsh First Minister Mark Drakeford who today has just gone complelely bonkers as I describe HERE. Then I look at Vin Murria’s Summerway Capital (SWC) and explain why you are not too late even at 1.65p. then a look at AFC Energy (AFC) and my new policy on dealing with abusive trolls. I discuss Fox Marble (FOX) and averaging down and then the scandal that is Remote Monitoring Systems (RMS) gets even worse. Surely the Oxymorons must investigate.
As a loyal former citizen of the Isle of Man I feel that it is my duty to go to my good friends at its Financial Services Authority on Bucks Hill in Douglas to dob in Bahamas Petroleum (BPC) for apparently breaking the law with its disguised death spiral placing announced today. Crime should not pay. Have they abolished birching for naughty Nomads on the island yet?.
Shares in Remote Monitoring Systems (RMS) have crashed by 19% today to 2.05p. Just nine days ago mug punters were paying 5p as, unbeknown to them, the two main directors flogged all of the shares in which they had an interest. This is a massive scandal and surely even the Oxymorons at AIM Regulation will figure out that a Stewards is needed ASAP.
As at June 30, thanks to a grubby fund raise organised by Nomad and broker Stifel, Bidstack (BIDS) sat on £5.9 million of cash and bet current assets were only a tad lower. But as we approach Advent and the year end, that position has got much worse. When, I wonder, is the warning and official admission of that?
The Times newspaper today flags up a series of tweets which, almost certainly, break AIM Rules and relate to Remote Monitoring Systems (RMS), a company rapidly becoming the poster boy for the AIM Cesspit. They are not the hanging offence but there is a hanging offence out there…
On 17 April 2020, worthless AIM promote Bidstack (BIDS) published details of an “independent” study that it claimed validated its technology. Following intense pressure from ShareProphets, AIM regulation forced Bidstack to ‘fess on 27 April that the research was not at all independent but was paid for. In that light, I have written to the Oxymorons at AIM Regulation and to hapless and shamed Nomad SP Angel about the release issued by Versarien (VRS) yesterday.
Over the weekend, I revealed the second reason why the RNS issued by cash-guzzling AIM Casino promote Powerhouse Energy (PHE) was grossly misleading. I have now written to the Oxymorons at AIM Regulation urging them to force Powerhouse and its shoddy Nomad WH Ireland to issue a full clarification and to face formal censure.
Another day brings yet another bailout placing for AIM listed sub scale investment company TERN (TERN). It will not be the last but AIM Regulation needs to investigate the circumstances of this placing for there is now a clear pattern of deception emerging. I have dropped the Oxymorons a letter today.
Over the weekend, I published data on the so called Gatwick Gusher which demonstrates that Horse Hill, instead of gushing, saw output more than halve in the four months to July to just 120 bopd One assumes that UK Oil Gas (UKOG) boss Lyin’ Steve Sanderson is now sitting on even worse data from the summer. I have written to the Oxymorons at AIM Regulation:
Okay, I know that Neill Ricketts thinks that rules are for little people and since his Nomad is the disgraced SP Angel, which is quite happy to act for proven frauds, it probably does not care either. Maybe the Oxymorons at AIM Regulation need to whir into action?
The criminal way that taxpayer cash is handed out by Innovate UK to companies that are either undeserving or can raise cash from share issuances in the private sector will, in the end, turn out to be a scandal running into the hundreds of millions of pounds. Yesterday I exposed the £4.6 million, wholly unjustified, spunk on Haydale Graphene and today I flag up £117,377 dished out to a total fraud, Environmental Recycling Technologies then listed on AIM.
Can there be any more red flags fluttering over laughable AIM Company Verditek (VDTK)? You bet there are. First up is today’s news of a share issuance for PR services. What PR you say? Exactly.
In yesterday’s bearcast, I explained why suggestions that Reach4Entertainment (R4E) CEO Marc Boyan was considering merging Reach with his private company Miroma should be investigated by the authorities. Upon reflection, the scandal is potentially even larger than I originally thought. Notwithstanding the fact that two guests at my wedding (Messrs Wray & Yeoman), of which I shall be celebrating the 7th anniversary this coming weekend, are intimately involved with Reach and will be very pissed off with what I am doing, I have now written to the Oxymorons and the Chocolate Teapots and asked them to consider involving the Takeover Panel. The letter follows.
On February 4 2018, I asked if Murray d’Almeida of Management Resource Solutions (MRS) would care to explain his links to an outfit called Halcyon as you can see HERE. Natch the FCA and AIM Regulation, the Chocolate Teapots and the Oxymorons, did nothing about this or numerous other matters we raised. Now Management Resource is no more but might the authorities care to reconsider looking at those responsible for its collapse, those who made money from it before the collapse, notably D’Almeida’s business partner, and those City advisors who enabled the sh*t show to run and run by turning a blind eye, or - in the case of legal tosser Peter Reynolds of Fladgate in threatening a journalist who exposed this scam (viz me) – I ask in light of the article below from the Australian press.
Maybe having a Tory grandee, Lord Willetts, as your chairman means that you are allowed to commit securities fraud with impunity on the AIM Casino? As I exposed yesterday HERE, that is most certainly what Verditek (VDTK) has been up to. Given that it is currently technically insolvent and its shares are being ramped on an industrial scale by disgraced tipster Mike Walters of 3DM, Polly Peck, Minmet, etc etc infamy and others, another placing must be imminent. I have today written to the Chocolate Teapots at the FCA and the Oxymorons at AIM Regulation asking it to try to, for once, stop fraud.
The continuing suspension of Eurasia Mining (EUA) makes no sense at all, at least not without another statement from the company on why it is still suspended. What is happening now is in clear breach of AIM rules. Thus an upstanding and concerned citizen who is, I believe, short of the shares though that is irrelevant has written to morally bankrupt Nomad SP Angel and the Oxymorons at AIM Regulation, demanding that rules be adhered to. The letter is below:
Between June and December 2016, I commented extensively in a series of article on the greed of William Dewsall, the CEO of Gable Insurance Holdings Inc, who extracted over £15 million in cash from the Group and its dire prospects, which to remind readers ended up being worthless when its insurance subsidiary company was placed into administration on 17 November 2016. Natch Nomad and broker Zeus and the oxymorons at AIM Regulation did nothing until it was too late.
I have noted many times before that SP Angel is so utterly desperate for clients to fund the coke and hookers bills that it will act for any corporate even a brazen fraud like MySquar (MYSQ). It is morally bankrupt and, without doubt, London's worst Nomad. As such with WH Ireland having quit as Nomad to Eurasia Mining (EUA) over the lying and other matters there was only one Nomad to go to, only one that would act for a company like this.
In December 2015 I published an explosive dossier which showed that AIM listed InternetQ (INTQ) was a fraud, clearly fabricating its user numbers in its Akazoo operation. This was an operation that top fund manager Martin Hughes hads invested in firstly PA and then via the funds managed at Tosca. InternetQ denied my claims but brought in no independent investigators, instead in a deal bankrolled by Tosca the company went private in early 2016. No scandal. It was all covered up.
Despite incteasingly desperate attempts to ramp its share price, AIM dog Bidstack (BIDS) sees its stock marooned at 6p. Interestingly, the spread is wide enough to drive a bus through, indicating market makers are aware that either one last ramp but also that a deeply discounted bailout placing may be imminent. But the bare fact is that the company cannot both meet May payroll and satisfy short term liabilities. As such, its shares should surely be suspended pending clarification of its financial position. I have written to the Oxymorons at AIM Regulation today making this request.
I have now written not once but twice to the Oxymorons at AIM Regulation regarding the misleading RNS Reach issued by Bidstack PLC (BIDS) on Friday 17 April. The Oxymorons and indeed hapless Mark Brady at Nomad SPARK have yet to respond. So enough of monkeys, I have written directly to Marcus Stuttard, head of AIM Regulation, as you can see below.
The Oxymorons at AIM Regulation and hapless Nomad Mark Brady at SPARK have yet to reply to my letter of Saturday about Bidstack (BIDS), the almost bankrupt company led by Lyin' James Draper which, I believe, (again) deceived investors last Friday. so I have penned a follow up missive. Surely the time has come to suspend the shares. The letter is below.
Bidstack really should be clarifying its financial position. By my calculations it can meet payroll this month but will not be able to pay its bloated wage bill at the end of May. Its financial position is certainly perilous and that means that this company, run by a proven liar, Lyin’ James Draper, needs an urgent bailout placing ASAP. That is one issue it should clarify via RNS. The second is to clarify whether a statement it issued via RNS Reach yesterday was misleading. I believe it was, as explained HERE, and have now written to the Oxymorons at AIM Regulation suggesting that they force a follow up RNS. The letter is below.
Just before the long Easter weekend, Eurasia Mining (EUA), shares in which have now been suspended for more than two months, issued a partial ‘fess up. As I flagged up almost two months ago, Nomad WH Ireland has indeed resigned but why?
I swear i am not joking. I discuss my life with Evil (no, Mt BBM we are not gay lovers, stop sniggering at the back) and his remarkable macro view. I also reveal I have a treat for you all, keep May 8 in your diaries! In terms of stocks I look at the scandalous flouting of almost every rule by AIM Casino posterboy Conroy Gold & Natural Resources (CGNR) and the wider issue that the Oxymorons at AIM Regulation will do SFA about. I look at Burford (BUR) and more vindication for my pal Carson Block of Muddy Waters, at Carnival (CCL) - sorry Three Brains - and at Coro Energy (CORO) where the curse of James "Dracula" Parsons strikes again.
The Wagnerian opera of the eventual demise of ShareProphets AIM-China Filthy Forty play Walcom (WALG) continues, as we learnt today that the bailout rescue loan from its CEO is still not in the bank, but apparently more orders and perhaps more importantly measures from the Shanghai government in response to the corona virus mean that the company will survive until a week on Monday in the continuing absence of the CEO’s largesse.
Today we have the shock news that Versarien (VRS) has a new Nomad. Not a better Nomad, SP Angel is clearly massively inferior to Canaccord and this begs the question whether Versarien lied to investors on February 10. I have thus written to the Oxymorons at AIM Regulation and to the FCA with a question so simple that even they should be able to answer it.
Nigel Somerville is too nice a guy to ask if a company has been a very naughty boy indeed. I am not. I note his piece earlier on Advanced Oncotherapy (AVO) and it seems obvious that, while Nomad Allenby probably does not give a flying feck, the question should be asked. And so I have written to the Oxymorons at AIM Regulation asking them to investigate
We know that Bobbie signed off on most of the untrue and fraudulent releases issues by Quindell (QPP) so perhaps he will sign off on anything? But the February 4 2019 RNS from Versarien (VRS)? Really?
This is a total omnishambles clusterfuck and it is hard to know where to start. So let’s just note the strange coincidence that yesterday shares in Bidstack (BIDS) were marked sharply lower and today the company has served up the most godawful of trading statements. But this is AIM, supervised by those stormtroopers of propriety, the Oxymorons at AIM Regulation with assistance from the chocolate teapots at the FCA so there cannot have been any insider dealing. No really. Stop sniggering at the back please.
Versarien (VRS) has today issued an RNS which suggests that its Nomad, Bobbie Hilliam at Canaccord, has allowed it to drive a coach and horses through AIM Rules 10 and 11. I have written to the Oxymorons at AIM Regulation asking that Versarien and Hilliam be sanctioned and that it force the company to issue a clarifying RNS.
Thanks to Winnileaks I now have in my possession a damning email sent by London’s worst Nomad, the restauranteurs saviour, Mr Roland “fatty” Cornish to his client ADVFN (AFN) advising it to take a course of action in direct breach of AIM Rules. I do not blame ADVFN for this at all but surely Fatty needs to be given an almighty bollocking by AIM Regulation for his latest crime?
I have not had a threat of legal action for some months so I knew there was something missing from my life. So can you guess which poltroon or poltroons has or have been daft enough to threaten The Sheriff of AIM with legal action? With a deadline of midnight tonight to guess I offer you six options. Do your best!
NoGold has still not been in touch regarding the £50 he owes me. It seems as if my good mates at the FRC really are getting tough on executives who commit accounting fraud. Fabbo. But I ask for more. And what of lying? It is fraud of a different sort and I have strong suggestions for what the FCA and especially the Oxymorons at AIM Regulation already can do and very rarely do do but need to do so more often to drain the swamp and put me out of a job.
I have today written to the Oxymorons at AIM Regulation with regard to Remote Monitoring Systems (RMS) and its disgraced Nomad SP Angel of Mysquar (MYSQ) infamy, asking if monthly management accounts can be produced to justify statements made just three weeks before the last bailout placing on October 18. If they cannot be produced the regulator needs to take severe action against the company and its Nomad. I write
The board of Plutus Powergen (PPG) has now conceded that it has received a valid request for a GM to sack current directors Charles Tatnall, James Longley and Tim Cottier and to appoint Nicholas Lee, David Horner and Dr Nigel Burton to the board of the Company. This should be entertaining but it could be more so.
This morning we discover that AIM listed jam tomorrow purveyor Tern (TERN) has again passed the hat around with a discounted placing raising £1.75 million at 11.15p. But it was only able to get a placing away at that share price because of spurious rumours which the company and its advisors must have been aware of and which it did nothing to quosh. I have written to the Oxymorons at AIM Regulation and to the chocolate teapots at the FCA requesting an urgent investigation into the company, its Nomad Allenby and broker Whitman Howard. It is not as if Tern does not have form in this respect.
Shares in this posterboy for the AIM Cesspit fell in morning trade. Pure coincidence natch! Nothing to see here officer, move along quickly please. At 2.20 PM the Oxymorons at AIM Regulation suspended trading in a company we have pointed out is drowning in debt and red flags and is almost certainly worthless on many occasions as you can see HERE. At 4.01 PM Management issued a statement. You cannot make this shit up. Only on the AIM Cesspit.
Burford (BUR) does not have to prove it is innocent of the Muddy Waters allegations but the longer it opts NOT to give full disclosure the more suspicions will grow. And perhaps the Oxymorons at AIM Regulation or my friends at the FRC, who I have asked to look at the accounts, may force its hand. In that vein I have written to the Nomad, Jonny Allison at Macquarie asking him to force Burford to come clean. I have cc’d in the Oxymorons and the FRC. The letter is below
Yesterday AIM uber-ramp Versarien (VRS) was forced to issue a statement about a tweet posted by its boss Neill Ricketts the day before as a result of Thursday's bearcast and an email I'd sent to regulators that day. But the response itself is nonsensical and raises the very real question of whether Ricketts sold shares in April while sitting on inside price sensitive information. I have thus sent another email to regulators at AIM Regulation (the Oxymorons) and to Bobbie Hilliam of Quindell infamy who acts as Nomad to Versarien at Canaccord.
On Wednesday Versarien (VRS) held a 'Transport Infrastructure Technology Preview Event' for 12 'randomly' chosen investors. The whole episode stinks and the hapless Nomad, Bobbie Hilliam of Quindell infamy, now at Canaccord, should be forced to issue a statement
You may remember our August 2017 shock expose HERE about how the founder and CEO of AIM listed Telit Communications (TCM) was not Oozi Cats but in fact Uzi Katz, a man who had fled the USA to avoid charges of mortgage fraud. Almost two years later the Oxymorons at AIM Regulation have acted. In a totally limp dick manner.
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.
Following my piece HERE which voiced concerns that formerly AIM-listed BMR Group (BMR) had simply been executed by the oxymorons, I had a chat with the company to find out what comes next. My hope is that the company will release a statement in due course, but in the meantime what I can report is that it seems all is not lost. I can also report a little more on the loss of its licence in Zambia (which was subsequently restored).
It seems as though AIM-listed Tern has been found out – and not for the first time. Having had my traditional ouzo, the question is what happens next. And while we are at it, what about its investments into InVMA?
I wrote a few pieces on (now formerly) AIM-listed BMR Holdings (BMR) back in February when its Zambian Mining rights were stripped away – the previous threat of which it seemed to know of the previous September (when it did a placing) but did not share with the market. That was eventually resolved and the rights restored, but this morning BMR was given the boot from the Casino. Perhaps we should not be too surprised, but I wondered what was going on here. What I have been told suggests an absolute scandal – but not at the hands of BMR…..
Anyone foolish enough to be a shareholder in AIM-China play Haike Chemical (HAIK) has until 1pm today to accept an offer for their shares at 30p. An EGM on 12 March passed resolutions to delist from the Casino, the execution scheduled for close of play on 19 March.
I can’t say I know an awful lot about AIM-listed Victoria Oil and Gas (VOG), beyond its (still) pending farm-out deal with fellow AIM-listed Bowleven (BLVN) which continues to await approval from the Cameroon authorities. But I do know is a 20% share price fall and an unfortunate after-hours RNS looks pretty bad – both for the company and for AIM in general. The question is what went on and whether the company and its Nomad behaved badly, or whether it was simply the effect of the blind application of AIM Rules.
With apologies to Douglas Adams, as long predicted here on ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) didn’t get its 2016 accounts out and the AIM Executioner has done its duty. After six months suspended, it has been given the boot.
I commented last week on the silence from four former clients of former Nomad ZAI Corporate Finance as weekend executions were lined up for failing to enlist a replacement Nomad. None of them had said anything since 18/19 October when ZAI was given its marching orders by the Oxymorons. This morning two fell to the advances of the grim reaper, but riding to the last-minute rescue of Ukrproduct (UKR) came Stand Hanson while Polo (POL) was saved by Allenby. You might picture Clint Eastwood and Paul Newman riding in as the trap-doors were released and a well-aimed shot at the hangman’s ropes frees the victims.
ShareProphets AIM-China Filthy Forty play Asian Growth Properties (AGP) has announced that is it throwing in the towel on its AIM listing, and is to dispose of its assets and return the cash to shareholders. This is expected to amount to about 48p per share – to add to the huge dividends paid out over the last couple of years. It is, in many way, a startling result although the reasons behind the delisting cast a pall of shame on the AIM Casino and thus the London Stock Exchange.
Here we are again, with the last days of the month playing out and (as yet) no word from ShareProphets AIM-China Filthy Forty poster-boy Aquatic Foods Group. It missed the June 30th deadline to file its FY16 accounts and each month since then we’ve been promised news next month.
In the wake of AIM’s shocking execution of ZAI Corporate Finance last night – announced not once but three times at 6.15pm – the collection of AIM-listed to-be-former clients of that Nomad firm has been keen to get a message out to the market that the search for a replacement is already well underway.
It’s that time of the month again: ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) seemed to promise its delayed FY16 accounts by the end of the month. In June the excuse was it couldn’t get its cash out of China, but the directors were going to pony up so as to pay certain advisers (ie the Auditor) and the results would be out in July. Oh, and the next day the CFO (who had been in post less than a year since the previous incumbent walked) resigned with immediate effect - having signed off the RNS.
Last night at 5.25pm Nyota Minerals (NYO) announced that its shares were being booted off the AIM casino. The roll call of shame on this one is appalling. We have AIM Regulation, broker Peterhouse and the directors of the company seemingly all at fault here, not to mention former Nomad Beaumont Cornish and two further Nomads, ZAI Corporate Finance and Allenby being dragged in. It is a true horror show. But rather than look in the mirror, the directors pointed the finger at ShareProphets – blame the media, the investigative journalists, blame evil Tom Winnifrith and myself, Nigel Somerville. This is shocking.
Generally I would have thought that the CEO of one of London's biggest Nomads, Sam Smith of FinnCap, would have disapproved of insider dealing. It is, after all a criminal offence. But I am not so sure any more. After recent revelations at Telit (TCM) it seems Samantha does not think it is anything to worry about. I have dropped her a letter just to make sure and cc'd in the head of AIM Regulation, Mr Marcus Stuttard, as I am sure he and his colleagues the Oxymorons would like to know where Sam stands.
This is becoming Globo v2 at a an alarming rate. Today's bombshell dossier on Telit Communications (TCM) nails it as a slam dunk ZERO beyond all doubt. The only way that the shares do not completely crater in the morning is if they are suspended first. And that is exactly what should happen. As such I sent a couple of emails last night. One to tthe head of the Oxymorons Marcus Stuttard and his clueless colleagues, the Keystone Cops at AIM Regulation and the other to the folks at Nomad FinnCap from CEO Sam Smith via head of Corporate Finance Stuart Andrews down to analyst Lorne Daniel with a minor jackal in Corporate Finaance also included in case Andrews is too busy with his polo ponies to read emails on a Sunday. Enjoy!
The AIM casino has hosted the London stockmarket's biggest fraud for almost 40 years (Quindell) and a raft of smaller frauds in recent years. One might almost say that fraud is endemic. Yet, in a consultation paper published this week, the London Stock Exchange (LSE) has insisted that it is not within the remit of its own AIM Regulation department to tackle fraud or indeed do anything about it. This shows a complete contempt for investors - we bank the fees, you bank the losses.
The busting of a placing by AIM-listed UK Oil and Gas (UKOG) at 1p by Tom Winnifrith has caused a bit of controversy. It is not the first time he has been accused of being irresponsible by blowing the lid on a placing only for it to be pulled or the price dropped. Anyone left holding the baby gets their fingers burned – in the recent example quite badly if they had been buying into the ramp at north of 1.4p only to see the company raise cash at just 0.8p. Is it right?
Marcus Stuttard, head of AIM and the oxymorons of AIM Regulation, had a specially selected and beautifully diversified portfolio of AIM stocks chosen by ShareProphets back at the end of last September so that he could demonstrate his faith in the regulatory set-up of the market he runs. Naturally, there was nothing at all wrong with any of the companies picked: they were all trading on the Casino as normal, so we were just plain wrong to be Red Flagging them all for one reason or another. We were just so, so wrong that……
Tom Winnifrith keeps reminding us that frauds, like Labour Governments, always end up running out of other peoples’ money. And that brings us to the Chocolate teapots of the FCA which have been exposed in an excellent piece in The Daily Telegraph as having spent enough to keep a couple of nurses on shift for a year to have its logo redesigned….to almost identical and equally pointless window-dressing for its website and corporate communications. Why not spend the cash on catching criminals? I am reminded of images of yester-year of swanky new deep-pile carpets in the hospital chief executive’s office whilst patients waited for years to regain mobility offered by a hip replacement.
ShareProphets AIM-China Filthy Forty play Taihua (TAIH) announced last Friday that the EGM called to approve the company’s proposed delisting from the AIM Casino had passed the proposals with the requisite majority. The shares are expected to depart the world’s most successful (but perhaps not for Taihua) growth market first thing on 8 May. In the wake of the announcement – at 4.15pm last Friday, bordering on no-one-is-watching o’clock - the shares again nose-dived, registering a new low of 0.1p on the bid yesterday, but all of a sudden the stock is on the rampage this morning. What is going on?
Obviously the world’s most successful growth market is tightly regulated and supervised by Marcus Stuttard’s oxymorons of AIM Regulation, who seem incapable of applying their own rules. That is why we selected a beautifully diversified portfolio of stocks which we have Red Flagged here on ShareProphets but since Mr Stuttard’s well-oiled regulatory machinery is just so good there must be nothing wrong. Nothing at all…..which is why after 200 days the portfolio is down by 55%. Oops.
The ShareProphets AIM-China Filthy Forty is set to have yet another casualty – this time MoneySwap (SWAP) which is proposing to follow Taihua (TAIH) and Jiasen (JSI) out of the back door via a cancellation EGM to become the twenty-seventh Casino delisting. But this will be after almost eight months suspended from trading. Oh Oxymorons at AIM Regulation, whatever happened to AIM Rule 41 which says that execution comes at the end of six months’ suspension? Why don’t you just apply your own rules? Does the AIM Rulebook count for nothing these days?
Much has happened since I last looked at ShareProphets AIM-China Filthy Forty play Asian Growth Properties (AGP). For a start, shareholders have seen some storming dividends announced – and paid – and this morning the company has announced proposals which will see a huge cash payment dished out.
AIM Death Row long-termer and ShareProphets AIM-China Filthy Forty play Asian Citrus (ACHL) was suspended pending accounts way back on 28 September last year after its auditor demanded further testing, including visits to the company’s banks to see the bank statements first hand in the wake of allegations that the books had a few, ahem, “anomalies”.
Well, you can’t say you were not warned here on ShareProphets – by the Sheriff himself. Last night at no-one-is-watching o’clock (6.15pm) a small FTSE missive hit the wires confirming the deletion of erstwhile AIM-listed United Cacao (CHOC) from its FTSE AIM All-Share Index, following the continued suspension and cancellation of trading on the Casino, effective on Monday. It is thank you and goodnight.
Marcus Stuttard, the head honcho of the AIM Casino would have us believe that the market is tightly regulated by his team of oxymorons at AIM Regulation. In order to demonstrate his faith in his own system we thought it a good idea to pick him a portfolio of seven stocks which we have Red Flagged so that he could put his own money into them and show us all that there is no problem of fraud on the world’s most successful growth market. Here is the January update for Stuttard’s Septic Seven.
Hat tip to reader P who has already dobbed Frontera Resources (FRR) into the Oxymorons at AIM Regulation for what appears to be a blatant reach of the rules but on the casino do the rules matter any more? Does anyone give a flying wotsit about sticking to the rules when Marcus Stuttard and his Keystone Cops are just so utterly useless? AIM Rules dictate that companies must inform investors via RNs of material changes in trading. So over to Frontera...
ShareProphets Aim-China Filthy Forty play Taihua (TAIH) is having a giraffe. The buy-back announced last August, to be paid for from an Open Offer long since completed hasn’t happened. There has been no update on the matter since the end of September. The accounting matters over related party receivables which the company, in its FY15 Annual Report promised an update on has seen no further comment. The website has disappeared, meaning that the company is in breach of AIM Rule 26 – a matter I raised with AIM Regulation on 29 December last year.
ShareProphets AIM-China Filthy Forty play Taihua (TAIH) is, in my view, a screaming sell in view of the Red Flags highlighted on this site for months. I doubt very much whether a short position is possible with this stock, but if I were a holder I’d be running for the hills.
That the London market – and especially AIM – is fleecing investors on a regular basis is a given in these parts. Of course, most companies are run by honest individuals but the regulatory set-up is failing to bring those lacking in morals to book and investors need protection. It is not even the community of BBMs who need to be looked after either – consider the plight of those whose cash has ended up in institutional hands such as those of Tom Dobell of M&G and despatched to the great central bank in the sky via the fraud Quindell.
The broken record is still going with regard to ShareProphets AIM-China Filthy Forty play Taihua (TAIH) and its missing website, the share buy-back promised back in August (and funded from an Open Offer) and, of course, the update over related party receivables which the auditor wouldn’t sign off in last year’s accounts. Now, in the season of goodwill, it is time for one last missive for 2016 to the oxymorons at AIM Regulation with regard to compliance with AIM Rule 26. We just such nice guys here at ShareProphets, we just want to help.
Wow! I’d love to have been a fly on the wall over at Cairn Financial as the wording of last night’s no-one-is-watching-o’clock RNS from AIM-listed CloudTag (CTAG) was being, ahem, “discussed.” I wonder how long that lot took to put together….since last Friday? It was a real shocker.
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.
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:
Oh dear, AIM-listed jam- (and product) tomorrow (or sometime, maybe) CloudTag (CTAG) closed last night notching up (or, perhaps down) a bid price of just 6.75p per share. This might be causing a few headaches over at L1 Towers as it seeks to convert its remaining £1.2 million of convertible notes from Tranche 1 of its death spiral funding package. My plan to become a death spiral financier on the Casino seems to have hit a nasty problem – that of headroom in already existing share issuance authorities of the investee company running out and leaving me lobster-potted in unconvertible notes. Of course, I can “persuade” the company to increase the authorities, but time is of the essence: I want to offload ASAP and bank my bunce.
It is four weeks since the last update on the fortunes of our specially selected and diversified portfolio of AIM stocks which we think that the sham sheriff of AIM, Mr Marcus Stuttard, should invest his own cash into as a way of demonstrating his faith in the market he runs and the competence of his team of oxymorons at AIM Regulation. We have Red Flagged them all, but naturally we must be wrong because this is the world’s most successful growth market. And so in month two our index has gone from a 4.5% gain to……
PriceWaterhouseCcoopers, PWC, is acting as administrator to the subsidiaries of Gable Holdings (GAH) and has published a damning report making clear the black hole that has existed there since the start of the year. The shares were suspended only on September 12. This is a scandalous failure on the part of Nomad Zeus and the Oxymorons at AIM Regulation.
As predicted HERE there were fewer than 1,000 companies listed on the AIM Casino at the end of October. the total of 995 was the lowest since late 2004. Here we are at the end of an eight year bull market and AIM is still collapsing - it has 1,347 companies back in 2007. But read beneath the headlines and the data is even more shocking.
If Marcus Stuttard, the Sham Sheriff of AIM, really believes that the Casino is properly regulated, we think he should put some of his own money where his complacent mouth is by investing in a portfolio of companies which would demonstrate his confidence in his team of Oxymorons at AIM Regulation. We are such nice guys here at ShareProphets that we have helpfully compiled a beautifully diversified portfolio for him. We, ahem, AIM to please. With the original list having been complied on 29 Sept 2016, here is our first update, one month on – and it is off to a flier!
I trust that you have written to the wretched bogus Sheriff of AIM, the head of the Oxymorons at AIM Regulation, Mr Marcus Stuttard demanding that Roland Fatty Cornish be struck off as a Nomad after the New World bank heist scandal? If not write now! In light of that please submit suitable captions for the picture below in the comments section. The deadline is midnight on Thursday
Tom Winnifrith has already commented on the appalling mess at AIM-listed New World Oil and Gas. I shall not repeat any of that, but there is one angle to this which is worth mentioning, and it regards the looming deadline as regards the suspension of the company’s shares from trading. Under AIM Rule 41 you get six months and then you are booted off the Casino. Except when you don’t…..
Already suspended ShareProphets AIM-China Filthy Forty play Asian Citrus (ACHL) announced this morning that there has been a bit of a delay in getting its circular together in relation to a property acquisition first announced back in August which seemed riddled with related party issues. Since then the company’s shares have been suspended from trading on the Casino amid allegations of accounting irregularities which have led to a delay in releasing its FY16 accounts.
On Monday we asked you to supply suitable captions for the picture below featuring Lyin' Chris Cleverley the CEO, and expenses guzzling socialist hypocrite NED Lord Peter Hain of FRAUD African Potash (AFPO). After four weeks, Potash has still not sued me for libel as its fascist lawyers Memery Crystal promised so I guess it accepts that it is a fraud then. Of course it is. Everyone knows that aprt from hapless Nomad Cantor Fitzgerald and the Oxymorons at AIM Regulation. Your suggested captions reflected that matter as you can see HERE. But the winner is:
If Marcus Stuttard, the Sham Sheriff of AIM, really believes that the Casino is properly regulated, we think he should put some of his own money where his complacent mouth is by investing in a portfolio of companies which would demonstrate his confidence in his team of Oxymorons at AIM Regulation. We are such nice guys here at ShareProphets that we have helpfully compiled a beautifully diversified portfolio for him. We, ahem, AIM to please.
We warned you often enough. When companies have no revenue, are burning cash, have no cash and are drowning in debt, things are not going to end well for shareholders. On the back of an RNS today, mug punters have taken such an almighty rogering that I hear that in Bulletin Board Moron land the shops have already run out of vaseline. So here is a ShareProphets translation service of that RNS (our words in bold).
In a quite astonishing statement released yesterday, the non-exec Chairman of AIM death-row inhabitant Galasys (GLS), Mr Kim Seng Teh, has given his account of an unbelievable systemic failure on the AIM Casino to control the behaviour of the board of a member of the world’s most successful growth market. WH Ireland, as the Nomad responsible for this train-wreck until a few days ago, has a number of serious questions to answer, as does AIM Regulation – which, I hope, will be asking a good few questions of its own. I wouldn’t like to second-guess who is the villain in the boardroom and who is the innocent party, but I am sure of one thing: heads must roll in the oversight department.
Well of course it is not. At least, that is what AIM Rules for Nomads tells us, in the 2016 edition. So if a company has told a demonstrable lie, surely the Nomad should either resign in protest or be publicly strung up with piano wire by Marcus Stuttard’s team of oxymorons at Aim Regulation. I quote from the Nomads’ rulebook (emphasis in bold is mine):
It rather looks as though the ShareProphets AIM-China Filthy Forty is set for its twenty-fourth execution, in the form of Origo Partners (OPP) which has now been suspended pending financial clarification for just under the six month period which triggers automatic delisting under AIM Rule 41 (if, that is, the Oxymorons at AIM Regulation bother to enforce it). The ouzo is on ice.
AIM-listed China and South East Asia play Galasys (GLS) has seen a stunning procession out of the door of late. One NED last December, the Company Secretary (not yet replaced) and Registered Office (not yet replaced) last week, another NED twelve days ago, the Nomad and Broker last week, and now yet another NED today. Surely there is no way back for the company now – yet the company’s RNS today was apparently signed off by WHI as Nomad and Broker!
AIM Cesspit listed City of London (CIN) is surely a sinking ship. If Nomad Peel Hunt had a shred of integrity it would surely quit now on news that a third director has quit in six days leaving just one rat on board - chairman Paul Milner. The shares are off by 24% today to 3p but fair value ahead of suspension, administration or both is surely 0p. The Company is now in Breach of the Companies Act 2006, S154(2)which requires a public company to have at least two directors. Do hapless Nomad Peel Hunt or the oxymorons at AIM Regulation care about companies breaking the law? It appears not.
They are still dropping like flies. This morning the ShareProphets AIM-China Filthy Forty saw its 23rd victim as LED International Holdings (LED) had its one-way trip from AIM’s Death Row to the lethal injection room. There are now just 17 of the original forty remaining, of which one is currently suspended. This is an incredible indictment of AIM, and the recent history of LED is the sour cherry on the rancid icing on the mouldy cake.
Today I must ask the very serious question: are the staff at the UKLA down at Canary Wharf all crack whores or are they just the stupidest folks in Britain. I ask this question because of the latest news from fraud Worthington (WRN).
Marcus Stuttard, head of AIM! Xavier Rolet, head of the LSE. Oxymorons of AIM Regulation! Your boys took one hell of a beating, one hell of a beating!! Yes folks, it is game, set and match to the Deputy Sheriff as the immediate resignation of both the Nomad and the Chairman of ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) was announced today at eighteen minutes past midday.
In its results to June 2015, which were finally published almost six months late and were heavily qualified by the auditor which not only raised a material uncertainty in the Going Concern statement but also issued a disclaimer of opinion on a number of matters in the accounts, we were told that the board of the Filthy Forty's LED International (LED) anticipated the (now more than three and a half months late) interims to Dec 2015 would be announced during the first half of July...
There is no doubt that AIM is an incredible cash-raising machine. According to the most recent AIM Factsheet (to June 2016), published by the London Stock Exchange (HERE) £41 billion has been raised in new issues, and a further £56 billion in further issues of shares – a whopping total of £97 billion. Over the 21-year life of the Casino that is a very impressive average of £4.6 billion a year.
The clock is ticking for ShareProphets AIM-China Filthy Forty play LED International Holdings (LED). Actually, the clock ran down to zero last month but still AIM Rule 41 has not been invoked. AIM Regulation is well aware of the situation and has elected to do nothing: the chocolate teapots appear to be happy to flout their own rulebook in blatant fashion.
As predicted HERE ShareProphets AIM-China Filthy Forty play Eastbridge Investments (EBIV) had its one-way trip to the AIM execution chamber last night. It becomes the twenty-first AIM Casino departure on the Filthy Forty. There are more to come, it is just a matter of time.
ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) finally got around to releasing its FY numbers to June 2015 just a few days ago - almost six months late. As discussed HERE the Red Flags are horrific: the auditor (BDO) issued a Disclaimer of Opinion, as well as raising a material uncertiainty in the going concern statement. Quite why the Nomad, Allenby, did not quit on the spot is a mystery to me. But the shares are still suspended as the interims to Dec 2015 are now three months overdue. And that brings me to AIM Rule 41:
And so the ShareProphets AIM-China Filthy Forty is to be reduced by yet another company to just nineteen as GTS Chemical (GTS) has decided to up sticks in the best interests of its shareholders. For some reason this, apparently, serves as a perfectly valid reason for the company to bin the full year dividend which had previously been earmarked for an increase.
Yup I am still clean and 99.9% of the time very glad to be. But I know that if I have just one fag it will be all over. So I will not. I digress. Today's podcast covers my little internet difficulties here in Kambos then goes onto Aureus Mining (AUE), Circle Oil (COP), IGAS (IGAS), LGO Energy (LGO) and Gulf Keystone (GKP). Finally I urge regular listener Marcus Stuttard, head of the oxymorons at AIM Regulation, to read the utterly shocking Phil Edmonds and Andrew Groves tale HERE as it shows what a shite job the bogus Sheriff is doing.
It is hard to know where AIM listed Ascent Resources (AST) has more problems - out East in Slovenia operationally or back in London where its total disregard for the AIM Rulebook should see it firmly in the soup. Here we are with a blatant rule breach, hands up who thinks bogus AIM Sheriff Marcus Stuttard will do anything about it? Er...I make that no-one.
Shares in CEB Resources (CEB) will now be suspended for weeks if not a couple of months because – as I pointed out here on Friday – it is about to undertake transactions that amount to a reverse takeover (RTO). But the big question is why has CEO Dave Whitby not been fired for wholesale rule breaches?