Results

Advanced Oncotherapy – how’s the cash position? Still a stonking SELL.

Published 35 days ago

After a stack of RNSs earlier this year, it has all gone quiet at AIM-listed Advanced Oncotherapy (AVO) since the announcement of the termination of the Bracknor death-spiral. How’s the cash position?

BREAKING: FRC Letter - Servision forced to change accounts by Tom Winnifrith, delayed profits warning explained

Published 50 days ago

The big issues for AIM uber dog Servision (SEV) have always been its lack of cash generation which has forced bailout placing after bailout placing and its aggressive revenue recognition policies designed to boost the share price to allow the placings to take place. Lately there has also been an issue with withholding (bad) price sensitive information. On the revenue recognition issue I went into battle 19 months ago, reporting the company to the Financial Reporting Council and now we have another small win for the Sheriff of AIM. A letter from the FRC has just arrived...

Advanced Oncotherapy – ignore director buying, it’s a spoof

Published 53 days ago

AIM-listed Advanced Oncotherapy has announced a director buy of 100,000 shares (about £17,750 worth). Dr Enrico Vanni, a NED, has gone into the market and hoovered up a few more shares to add to the series of shares acquired earlier this year as the company tried (and failed) to defend the 25p (par) share mark in the face of the Bracknor death spiral sales. Now he’s back.

Advanced Oncotherapy - technological milestones, but what about cash?

Published 53 days ago

AIM-listed Advanced Oncotherapy (AVO) has announced that the final Coupled Cavity Linac (CCL) module (part of the LIGHT system) is ready for shipment to the company’s Geneva Testing facility. All very good news, no doubt, but what is the cash position of the company?

Advanced Oncotherapy – what is the position re Bracknor? Has it been paid off?

Published 61 days ago

Tom and I covered this the other day, but I wonder whether we’ve missed a trick with regard to AIM-listed Advanced Oncotherapy (AVO) and its dealings with death spiral sharks Bracknor. Immediately prior to last week’s funding news my back-of-an-envelope calculation was that Bracknor still held £1.95 million of loan notes and a further £0.7 million from fees. Given that Bracknor held little (if any) shares, why has it not beaten a hasty track to get the loans converted so that it can sell into the resulting strength?

Advanced Oncotherapy – Bracknor gone, new loan for £3.9m. Is all suddenly rosy in the garden? Er…

Published 65 days ago

AGM day for AIM-listed Advanced Oncotherapy (AVO) and it has pulled something out of the hat. The shares have shot higher, death spiral outfit Bracknor is history and Advanced doesn’t look like going bust now for at least 4 months. But is the deal as good as believed? Er..no.

Advanced Oncotherapy now just 10p to sell. When will Bracknor walk – or has it already?

Published 66 days ago

Cynical Bear wonders whether there might be a read across to AIM-listed Advanced Oncotherapy (AVO) from today’s news from suspended-pending-clarification Kin Group (KIN) in the wake of its announcement that its funding partner had walked because the share price had fallen so far. Certainly, given the cash-back situation for any loan note conversion by Bracknor into Advanced shares there looks to be a point at which the situation breaks down..

Advanced Oncotherapy - is that the whiff of panic I smell at death spiral provider Bracknor?

Published 67 days ago

Shares in Advanced Oncotherapy (AVO ) are again tumbling on this fine summer's day. Oh what joy it is to be alive. 350p at peak ramp less than two years ago, they are now just 10.75p to sell. Ouch, I just love the smell of burning share certificates belonging to Bulletin Board Morons in the morning. So what crisis looms? Take your pick.

MySQUAR - the out of the money warrant exercise that tells you its placing ahoy and this is a slam dunk Norfolk

Published 67 days ago

For the second time in a week we have seen share options exercised at AIM listed Norfolk MySQUAR (MYSQ) - this time it is 1.875 million warrants exercised at 5.5p which will add £103,125 to the coffers. that is kind of handy for this cash guzzler which is close to running on fumes. But this is a spoof.

Why a research note from a house broker is just so much shite - possibly the worst note of 2017, Arden on the Mercantile Norfolk

Published 68 days ago

The house broker on AIM earns its money not from investors but from corporates. It banks £2-4,000 a month as a retainer and then makes 5% commission on any funds it raises. Lovely jubbly, coke and hookers all round. Of course that makes its research less than impartial. Prostitutes do not tell their clients that they have a small dick and so you would not expect Arden Partners to conclude that shares in Mercantile Ports & Logistics (MPL) are worthless crap, which they are. Welcome to a strong contender for the worst research note of the year to date.

MySquar - tell us about the CV of CEO Erik Schaer & why has he surrendered his US passport: part 1

Published 75 days ago

Our recent coverage of AIM Bulletin Board Moron darling MySQUAR (MYSQ) HERE and HERE should leave you in no doubt that this is a piece of crap heading for 0p. At the heart of the issues are the related party deals  conducted with other Schaer companies which explain most of the "sales" MySQUAR reports. Does Schaer walk on water? Er...let's look at his CV.But before we start I notice that he surrendered his US passport in 2015. I wonder why?

Advanced Oncotherapy - the ramps become ever more pathetic - today's reeks of desperation

Published 79 days ago

The stench of desperation at AIM POS Advanced Oncotherapy (AVO) is overpowering.It knows that insolvency looms, that the money is running out fast ( within weeks?) and that a blizzard of share sales from death spiral provider Bracknor will obliterate the share price in the last few days. The board know it. The advisers must know it. But they cannot bring themselves to admit it. The pretence goes on for a while yet. And thus today we have an RNS.

Shit sandwich with jam tomorrow on top: trading statement from Avanti Coms - but here's what its hiding

Published 80 days ago

Avanti Communications (AVN) has surprised no-one with a grim old trading statement covering the year to June 30th 2016. But the CEO who boasts of how he misled investors with a faked demo to raise funding has - as usual - tried to make a shit sandwich more palatable by serving it covered in oodles of jam tomorrow. But there is something that bombastic prick David Williams is not telling you....

Milestone Group PLC – How long before it must call in the administrators?

Published 84 days ago

Milestone’s (MSG) interim results today were truly appalling as it racked up a loss of £1.1 million. The statement about the "progress" of its range of sub scale crap businesses is - as ever - upbeat. Read the words and you think this company must have done brilliantly. And then you look at the P&L buried beneath the acres of spin and you see that sales in the six months to March 31 2017 were just £22, 237. Down by 56% on the prior year and just pitiful. The ice cream van parked in my street just now generates more sales than this POS which has no right to be on the AIM Casino at all. It gets worse...

Servision - how do you keep lots of idiots in suspense? We'll tell its shareholders on Friday

Published 87 days ago

Worthless AIM listed piece of excrement Servision (SEV) always seems to report its results at the last possible moment to avoid suspension on the casino. In 2016 calendar 2015 numbers (piss poor) arrived on the 30 June deadline day. For 2016 its a slam dunk bet that the numbers (piss poor) will arrive this Friday on deadline day. Why is that? 

Advanced Oncotherapy – Annual Report published: Guess what?????

Published 87 days ago

AIM-listed Advanced Oncotherapy (AVO) has released its full Annual Report. Having looked yesterday at a few things I thought it would be worth a second look – especially in the light of a clean audit report from RPG Crouch Chapman. Mea culpa to myself and Tom who expected something different, but hang on a minute…

Advanced Oncotherapy – when the Final Results don’t tell you everything you need to know

Published 88 days ago

AIM-listed Advanced Oncotherapy(AVO)  has released its final results RNS for 2016 with four days to go before deadline day  Bully for Advanced. But there are no notes to the accounts and why is there no no auditor’s statement – the very things that we were looking for. What is the company hiding? We are told that the report WILL be made availlable on the website but hang on...this is crucial!

Milestone - another bailout placing ahoy from the AIM Rule Breakers

Published 94 days ago

The underlying problem with Milestone Group (MSG) is that it is a crap business that never generates any cash. Thus in order to keep CEO Deborah White in the lifestyle to which she has become accustomed and to keep paying crony capitalist advisers such as shamed PR firm Walbrook (Eden, Fusionex, Advanced Oncotherapy etc) it relies on bailout placing after bailout placing with shareholders seeing value destroyed every time.

Avanti's next cash crunch could be far sooner than people think - in fact it could be in two weeks' time

Published 100 days ago

It is not a matter of IF drowning in debt satellites company Avanti Communications (AVN) will eventually see a 100% shareholder wipeout ( right now it is c99%) but WHEN. And it might be rather sooner than most folks think. In two weeks time to be exact. Is there something that its CEO , the bombastric Welsh prick David Williams, is not telling us as he counts his $15-20 million winnings.

Advanced Oncotherapy – the stench of desperation as the shares crash

Published 103 days ago

Shares in doomed Advanced Oncotherapy (AVO) are now 15.25p to sell, compared to a 25p nominal price. That means that as death spiral provider Bracknor desperately tried to convert c£3 million on loan notes into shares to flog to eliminate its exposure under the spoof arrangement with Advanced it will demand fees of 40p for every £1 of loan note converted. As it scrambles to convert notes and flog shares before the fat lady waddles onto stage from the wings (where she is already warming up), the share price will continue to tank making things even worse. So what to do?

Advanced Oncotherapy: Bracknor Death Spiral news - this is a sham & 0p beckons fast

Published 108 days ago

With its hand forced by my article HERE, Advanced Oncotherapy (AVO) has clarified, i.e. changed, the terms of its death spiral deal with loan sharks Bracknor. It states "This reaffirms Bracknor's prior and on-going support for the Company and its shareholders." Dr Michael Sinclair you are talking bollocks. It has changed a death spiral to a death spiral on steroids. 

Reader Poll results: Advanced Oncotherapy share plunge - when will it hit 0p?

Published 138 days ago

ShareProphets readers don't expect an immediate implosion on Advanced Oncotherapy (AVO). They're leaving it to Father Christmas to do the job. We asked you when the shares would hit 0p - you said!

Advanced Oncotherapy – the 25p dam bursts. What now for Bracknor as shares resume slide towards the abyss

Published 140 days ago

You can’t say you have not been warned. This morning shares in AIM-listed Advanced Oncotherapy (AVO) have fallen firmly below the nominal 25p price of the confetti. Companies are not allowed to issue shares below their nominal price and that, in turn, means that for the time being Bracknor is lobster-potted with something like £2.5 million of convertible (death-spiral) loans which it cannot convert. My heart bleeds….

Advanced Oncotherapy draws £2m second tranche from Blackfinch, Bracknor converts another £200k

Published 150 days ago

At no-one-is-watching o’clock last night (5.48 pm) AIM-listed Advanced Oncotherapy (AVO) slipped out an announcement that it had drawn the £2m second tranche of cash available under its one-year loan deal with Blackfinch. With my maths suggesting that the company was close to running on fumes that extra £2m to keep the show on the road pro tem will come in handy.

Advanced Oncotherapy – more on that Blackfinch secured loan: is it pre-pack ahoy?

Published 155 days ago

As shares in AIM-listed Advanced Oncotherapy (AVO) again sit below that all-important 27.5p mark which, if continued for 10 trading days, will trigger a EGM to reduce the nominal value of the company’s shares, a quick trip to the Companies House website reveals the debenture paperwork (HERE) related to the company’s recently announced loan deal (with spoof 100p conversion terms) with Blackfinch as announced on 27 March (HERE). Most of it is legalese, but on page 36 we get some cracking tit-bits. Such as the planned expenditure on the Harley Street premises (some £19.14 million) as against potential resale values of between £9.44 million and £10.71 million – and that is just for the kit and fitting, not for the value of the property itself. As security (including the property) for a £3 million loan (with an option for a further £2 million) it is quite something!

Tom Winnifrith Bearcast: Paternoster Resources why cheap could be incredibly expensive

Published 183 days ago

I comment on the hopeless response of smug MPs and the established media to yesterday's terror attack on my own website in a podcast HERE. On the markets I look at expectations management at Next (NXT), at how we know or knew about the balance sheet at Toople (TOOP) covered HERE by Cynical Bear or Advanced Oncotherapy (AVO) heading for 0p and covered in detail by me earlier HERE. I look at Public Services Properties (PSPI ) and what its AIM casino departure says about RTOs and contingent liabilities - which reminds me again of New World Oil & Gas (NEW). Finally I have a detailed look at the strange world of Paternoster Resources (PRS), not a stock you have to own in any way. PS Cynical Bear is not me. Can you see any typos in his articles?

Advanced Oncotherapy - back at 31.5p - is Bracknor dumping or spoofing today? Timber!!!

Published 183 days ago

It is just eight days to the GM of Advanced Oncotherapy (AVO) where shareholders are being asked to approve the issue of gazillions of new shares for the Bracknor death spiral. Since the alternative is going bust within weeks if not days then the result is a gimme although I intend attending - as the owner of 1 share - to ask some searching questions. But the collapse in the share price - the stock is now 31.5p mid, 30p bid tells you there are even bigger issues and that Advanced is, quite possibly toast whatever.

Avanti Communications Kenya contract - it's 'avin' a giraffe

Published 184 days ago

Drowning in debt Avanti Communications (AVN) is 'avin' a giraffe once again with a new announcement of deal with no financials attached which is almost certainly utterly meaningless. Today we head to Kenya.

Is Bracknor spoofing investors to postpone the collapse of the Advanced Oncotherapy death spiral?

Published 186 days ago

Death spiral provider Bracknor does not buy shares in companies. It loans the desperate, cash at pound of flesh rates which it then converts into shares at discounted rates and flogs to mug punters. That is the classic death spiral model. But to get such a death spiral away it needs a perception of market liquidity and also to avoid a complete short term collapse of the share price. And that brings us to Advanced Oncotherapy (AVO).

Advanced Oncotherapy - Question 16: were you lying on November 24?

Published 199 days ago

Cynical Bear says that I am just being far too kind to Advanced Oncotherapy (AVO) with my 15 questions earlier today. Oddly I have yet to get an answer and nor will I as the company contemplates insolvency and other matters. But back to Mr Bear who says I should have asked a 16th question concerning another possible case of lying.

15 Questions for Advanced Oncotherapy: shares crash as Investor Presentation bombs

Published 199 days ago

For years Advanced Oncotherapy (AVO) has ramped its shares to get away placing after placing with ramptastic investor presentations. But that was before I started asking all those horrible questions for which there was no answer. and Winnileaks started obtaining toxic leaked emails.  Last night the company had a presentation in London. It has another in Zurich this morning. Warning Swiss folk and tax dodgers quotes about the London chinwag include "everyone left unhappy" and from a long term bull "I am just throwing in the towel." The shares have crashed by 23% to 36p bid so far today. The target for me remains 0p. But for those folks going to the Zurich meeting here here are 15 questions Advanced can't or won't answer:

Eden: the Terpenetech fraud starts to unravel, has the first body been quietly buried?

Published 201 days ago

AIM listed Eden Research (EDEN) has been engaging on fraudulent deals with related party company Terpenetech for six years now. The first deal was a sale which Eden booked but Terpenetech never paid for. Who cares, Eden kept that debt as a current asset for 5 years. Sure the auditors should have kicked up a fuss, the Nomad should have objected but this is AIM who cares about fraud! Of course the far bigger £600,000 fraud waited until August 2015. It was a panama pump classic as you can see here - but this is AIM and Nomad & broker ShoreCap wanted to earn big commission do a placing so everyone again turned a blind eye. But now the cover up is falling apart.

Advanced Oncotherapy - Death Spiral accelerating, what about the 25p hurdle?

Published 201 days ago

When AIM uber dog Advanced Oncotherapy (AVO) announced that instead of going for non dilutive funding ( as no-one would provide it) it was being forced to resort to a dreadful £13 million death spiral from loan sharks Bracknor, its shares were 65p. When the death spiral started the shares were 58p. Now it just £100,000 of the death spiral loan notes on the first £1.3 million tranche converted, the shares are just 43p to sell. Bracknor now has three reasons to panic.

The Worst Research Note of the Year to date? Edison on worthless Avanti Communications

Published 204 days ago

Employer of convicted felon, the cop mugger champagne Charlie Gibson, investment prostitutes Edison will publish bullish research notes and interviews with any company as long as they dip into their shareholders' funds. The interview with the bombastic prick David Williams who earns a seven figure wedge for running Avanti Communications (AVN) into the ground last summer ( see HERE) was a classic of its genre. Today Edison has published a note saying Avanti shares are worth 109p. The market thinks the report is worthless bog-paper and the shares are down by almost 10% at just 14.875p.

The broker that raised £10m for Advanced Oncotherapy downgrades its stance on the dog to hold - damning note

Published 207 days ago

If you had raised £10 million for the AIM dog Advanced Oncotherapy (AVO) less than 5 months ago at 100p then your stance on the stock - at 54p-58p- would be some sort of buy. Oh no. broker Beaufort who did indeed raise that cash has today downgraded its stance to, what may be termed a corporate "hold" (i.e. sell) and makes it clear that the shares will fall allowing lower entry points. I should cocoa. Beaufort today opines after the Bracknor death spiral announcement of Friday - the underlines are mine:

Commiserations To Genuine Holders in Cloudtag says Waseem Shakoor as he sets a 0p target

Published 210 days ago

Bear raider and Northern git Waseem Shakoor is far nice than I am in my tretament of Cloudtag (CTAG) after today's fraud unravell as discussed in the bonus bearcast HERE. Waseem, the soppy nice guy predicts a 0p target too but writes: 

BREAKING: Photo Article: Sorry Dad Needs Must - Cloudtag's Nomad quits shocker! Ouzo Time

Published 210 days ago

I had brought the bottle below back from Greece for my father. But I know he will understand. It is a very large celebratory ouzo for breakfast as the AIM fraud of the year Cloudtag (CTAG) has fessed up - its hapless Nomad Cairn has finally had enough of signing off on lies and has quit. It gets worse and it is going to get worse still. Bulletin Board Morons and Aidan Earley who smeared and attacked The Sheriff of AIM for repeatedly calling this out as a fraud line up and apologise now you bastards!

Tom Winnifrith Bonus Bearcast - have the morons started mentioning the Bill Gates link? If it sounds too good to be true

Published 212 days ago

There is of course no link between Bill Gates and AIM uber dog Servision (SEV) but I be that out in Bulletin Board land that will not stop it being mentioned in a post fact era ramp. Servision had raised $2 million today at 11.4p. Before recent insider dealing the shares were 2.25p and worth 0p. If it sounds too good to be true...all is explained in this bonus podcast. 

Advanced Oncotherapy announces death spiral Part 1: Will it apologise for misleading investors on that one? And is Metric loan now off?

Published 212 days ago

Serial misleader and worthless bag of AIM listed shite Advanced Oncotherapy (AVO) today announced that it has secured death spiral financing for £13-26 million from the lowest of the low DS funders, Bracknor. That is bad enough and will see the shares forward sold to buggery, as I will outline in a separate piece. What is worse is that it exposes Advanced for again misleading investors.

CloudTag – L1 finishes loan conversion. Now for death-spiral-on-steroids warrants. Sell!

Published 218 days ago

AIM-listed CloudTag (CTAG) has announced the conversion of the final little bit of loan notes held by death spiral provider L1, at 4.5p. The shares have raced ahead, even though this only marks the half-way point in the share price carnage caused by the package. Indeed, it may not even be half, for the warrant exercise terms are far more favourable than the loan conversion terms (from L1’s perspective).

CloudTag – another L1 conversion. Has it almost finished trashing the share price? Er….

Published 219 days ago

Shares in AIM-listed purveyor of fictional guaranteed orders for fictional not guaranteed products CloudTag (CTAG) has announced the latest confetti-issue to L1 under the death-spiral loan deal. £300,000 worth of loans converted at 4.5p leaves just £100,000 left over. The shares have shot 15% higher on the news: the BB loons obviously think it’s (nearly) all over. I’ve got bad news there….

What Hargreaves Lansdown Nominees owning shares in the fraud Cloudtag really means - it is not good

Published 219 days ago

Over on the LSE Asylum and elsewhere in Bulletin Board Moron land there is some excitement that Hargreaves Lansdown appears to speak for a large number of shares in the AIM fraud that is Cloudtag (CTAG). The dreamers reckon this is good news as the post below shows. Au contraire mes amis...

CloudTag – another L1 conversion, new bargain basement price. How long until 0p?

Published 232 days ago

AIM-listed jam the day after tomorrow company CloudTag (CTAG) has announced the latest death spiral loan conversion by L1 – this time at just 4.5p per share. Of course, for a company with no product and no orders and which has been, shall we say, economical with the actualitees that is still overvaluing the shares by 4.5p. 

Advanced Oncotherapy: GOTCHA again - another NED walks as predicted here

Published 239 days ago

On December 2 2016 I suggested here that Advanced Oncotherapy NED Tim Lebus had had enough and was walking. The lying snot-gobblers round at Advanced declined to comment. Guess what? He has walked with immediate effect today. It gets better, if you are a bear.

CloudTag - volume spikes up, shares spike er.....down. Who's selling?

Published 240 days ago

There seems to have been quite a bit of volume yesterday in trading of AIM-listed CloudTag (CTAG). Some of us have been noting the rather greater difficulty with which L1 has been offloading stock from loan conversions and warrant exercises which goes in tandem with lower volume - and a complete lack of news from the company to get the BBs in a lather, but yesterday things really picked up. Sadly for shareholders, the share price has not been picking up, it has been on the slide.

Advanced Oncotherapy says still talking to funders - will it be insolvent in five weeks?

Published 242 days ago

Advanced Oncotherapy (AVO) said in September that it would secure additional non dilutive funding by the year end. Today it is clarified where it stands but has neglected to point out how perilous its financial position is. Net current assets will be negative within five weeks which begs a real question regarding whether this company is solvent

Tom Winnifrith Bearcast - a New Prospectus brings shame on all concerned - shockingly misleading

Published 250 days ago

Cynical Bear has written a fascinating article today on Simian Global (SMG) - HERE. Cynical Bear you are a wuss. You are far too generous about this crock of Turkish. If one goes to the prospectus and then cross references with companies house you will find a story of true horrors, something that the prospectus fails to mention, indeed it deliberately gives you a completely different impression. This prospectus stains all involved with it ( directors Edward Ng and Ajay Rajpal, Peterhouse Corporate Finance, Edwin Coe and the UKLA) with complete shame. How on earth do these folks sleep at night? My target price for the shares is 0p.

Golden Saint - just when will the Fat Lady sing? Shares crashing to new lows.

Published 254 days ago

As at 30 June 2016 Golden Saint Resources (GSR) had $722,000 cash and cash equivalents but by mid November the tank was empty and this cash guzzling joke of a company needed to raise another £400,000 gross (call it £350,000 net or $450,000) to keep going. So how much is left? The share price tells you that cash is running out fast (again) - the stock is now at an all time low of 0.025-0.03p valuing this crock at just £1.6 million. That, BTW, is £1.6 million too much.

Challenger Acquisitions chairman quits after just 358 days as company admits its in real trouble

Published 259 days ago

Cynical Bear is probably onto his second bottle of ouzo by now thanks to today's news from Challenger Acquisitions (CHAL). Mr Bear has warned you time and time again about the numerous red flags associated with this company and indeed made it one of his two sells of the year with a target price of 0p HERE. And today we learned that after just 358 days with the company the chairman John Le Poidevin has resigned. It gets better if you are Mr Bear. Have another ouzo.

ShareProphets Share Tips of the year 2017: No 2 Sell Cloudtag says Tom Winnifrith

Published 274 days ago

I kick off my contribution to the 24 share tips of the year for 2017 that ShareProphets writers will be publishing between now and January 3 with one of the four sells I shall deliver. And I start with the most obvious: sell AIM fraud Cloudtag (CTAG) at 7.125p with a 0p target.

Strat Aero Hulsey Smith dumps shares again - but now says he will hold fire? Really?

Published 274 days ago

As you may remember, by February 14 AIM listed Strat Aero - a company that has committed fraud - will be both out of cash and £300,000 in debt to a loan shark. As it munches its way through a hundred grand a month the outlook looks bleak, in fact it looks terminal. This has 0p written all over it. The man who exposed the frauds we know about is a chap called Hulsey Smith who was given a stack of cash and 12% of the equity to settle a legal case and shut up. And so today we learn that Hulsey has been dumping more shares.

Cloudtag - the big rebrand launch: the name is Onitor. Whatever...

Published 280 days ago

AIM listed fraud Cloudtag (CTAG) has unveiled the rebrand of its product which may or may not exist and which despite being first launched almost a year ago has generated sales of exactly 0. That this has excited the moronic shareholders of this company as the followed the countdown clock on the company's website says everything about the pea-brained fools,

Cloudtag EGM passes resolutions but shares still suspended & that is BAD News

Published 284 days ago

The EGM of AIM fraud Cloudtag (CTAG) was delayed because the plane carrying CEO Amit Ben Haim was held up by fog on its approach to the Channel Islands. Once the great man arrived all resolutions allowing the issue of vast numbers of shares to death spiral providers, and anyone else who will stump up cash, were duly passed. No shock there, most morons can't afford an air fare so voted by proxy pre suspension at a time when the shares were flying so, natch, they backed management. But....

Tom Winnifrith bearcast: Don't the fecking Cloudtag morons know I'm harvesting olives?

Published 291 days ago

I am utterly shattered after day three of the olive harvest - a photo article is HERE. Please note Cloudtag (CTAG) morons I can't respond to your inane tweets at once every day. Cloudtag shares have raced ahead today. I explain why and why it won't last. As with all frauds the target price is 0p. Talking of which I also discuss Advanced Oncotherapy (AVO) which seems unwilling to comment on today's bombshell revalations and African Potash (TOAST). I also look at Mirada (MIRA), Interquest (ITQ) and Aeorema Communications (AEO)

Cloudtag fesses up - dodgy Andrew Regan dumped all his shares ages ago

Published 295 days ago

I bloody well told you all that that Corvus Capital, the vehicle of uber-dodgy Andrew Regan had dumped all its shares in Cloudtag (CTAG) onto bulletin board morons ages ago. Natch the morons denied it all, insisting that the "visionary" Regan was still on board. Uh oh...Cloudtag has fessed up. Another small victory for the Sheriff of AIM.

Cloudtag - more lies and deceit admitted to

Published 301 days ago

Following suggestions yesterday HERE that Cloudtag  (CTAG) was being rather tardy in turning a binding HOT into a solid contract with US Distributor Cities announced on August 8, two days before a placing, into a contract, hey presto wre have a contract announced today. But hang on Henry...

Mkango shares hit new low of 2.75p - remember to book in for 17th November bunfight

Published 315 days ago

Shares in AIM uber dog Mkango Resources (MKA) have today hit a new all time low of 2.75p as the ramp has failed and as investors start to appreciate just how close this company is to, once again, running out of cash.

Cloudtag...Moreover: this just does not stack up at all

Published 318 days ago

Cynical Bear has already put Cloudtag (CTAG) to the sword after yesterday's no-one is watching O'Clock profits warning but I think he is going soft in his old age in that he is far too generous about this worthless fraud. There is a massive question which remains unanswered as the shares head to an eventual zero.

Cloudtag and the guaranteed $5.2 million order that is not going to happen - think Christmas

Published 339 days ago

I have written to Santa and think that I have been a jolly good boy this year and so I have made him a list of presents which you can see HERE. One of them concerns Cloudtag. But the matter of Cloudtag (CTAG) and Christmas is praying on my mind - when will the fraudsters admit that the guaranteed $5.2 million of orders for this year is not going to happen?

Cloudtag and the dodgy web of offshore connections - Panama Papers and all that..

Published 353 days ago

My attention is drawn by a member of the Global Shorting Conspiracy to three most excellent posts by a chap called Nod4 on the ADVFN Bulletin Board. I have no idea who this fellow is but his digging on the fraud Cloudtag (CTAG) is most excellent. This company is all smoke and mirrows and Lucian and I have another matter of real nsignificant to raise later today. We've done a bit of sleuthing ourselves. But on the offshore stink, I can do no better than bring you Nod4's posts. Suffice to say the shares remain a sell at 19p with a target - as is the case with all frauds - of 0p. Over to Mr Nod4:

Tom Winnifrith Bearcast Special: How did Nomad Allenby sign off on Servision interims - it is bust, broke, worth 0 fecking pence

Published 357 days ago

Not only does AIM Casino piece of Turkish Servision (SEV) now have the most expensive loan in AIM history - see HERE - but this company is also utterly bust. Amazingly Nomad Allenby and broker Belfort Securities have signed of on its results today. Shame on you chaps. You may not be able to read financial statements but I can and so talk you through why this company could call in the administrators as soon as this afternoon. Target price 0p.

Tom Winnifrith Bearcast: Avanti inches to zero and Arian - once a dog always a dog - it needs shooting!

Published 358 days ago

I start this podcast with a look at Avanti Communications (AVN) where I hope you ignored the ramblings of snot gobbler's colleagues at the FT and stayed short. 0p is still looking likely and I discuss the problems IIs face today. I look at Arian Silver (AGQ), a dog with fleas which has served the fat useless bastards on the board and its crony capitalist advisers well as punters have been shafted year after year. I look at Northern Petroleum (NOP) where today's dismal results tell you that it is placing ahoy AGAIN, at Petropavlovsk (POG), Galantas (GAL), Boxhill (BOX) and at Capita (CPI),  

Gable Holdings...to lose one NED is excusable to lose three looks careless

Published 376 days ago

At 11.40 AM on Friday Gable Holdings (GAH) slipped out an RNS with the harmless title "Board changes". Its contents, however, suggest this company is now toxic.

Tom Winnifrith Bearcast: Highland Natural Resources really is run by some well dodgy fellows

Published 387 days ago

Still no lawyers letter from African Potash (AFPO) has arrived at Sheriff Towers. It really is like waiting for Godot. But at least my mother in law has remembered that it is my wedding anniversary tomorrow. I discuss another thing happening tomorrow, that is to say African Potash which has no cash having to repay $1.1 million to its FD's Mrs, Katrina Clayton. I look at Highland Natural Resources (HNR), Gulf Keystone (GKP), Glenwick (GWIK), Opera (OPRA) and then Gable (GAH) which really has posted a most enormous red flag today. Sell - target 0p. 

City of London - It only broke the law for 7 hours 24 minutes: Andy Crossley returns

Published 395 days ago

This is bizarre if somewhat academic. AIM Listed City of London (CIN) has no cash and - almost certainly - negative net assets and thus it is bust and is worthless as explained HERE. But it was - as of 7 AM - today also breaking the law, well the 2006 Companies Act when Jason Granite quite as a director. PLCs must have two directors so as at 7 AM City was breaking the law. Not that AIM cared.

City of London - now just 1 rat left on sinking ship: the company is now breaking the law - bankruptcy looms

Published 396 days ago

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.

Tom Winnifrith Bearcast: Visiting a listener in Warwick Hospital, it's all part of the service

Published 400 days ago

Actually it is not a service I provide to every listener but I explain why Maurice Byrne gets a premium deal. I mention the great con that are today's A-Levels with hard and shocking data analysed HERE. I have chatted to both Lucian Miers and Paul Jourdan of Amati about the markets, about  Lucian's tiny short portfolio and about Paul's three big Gold picks. I look at Physiomics (PYC), African Potash (AFPO) and Highlands Natural Resources (HNR) - target 0p for the later two.

Magnolia Petroleum - another dose of horseshit with added toppings of more horseshit

Published 413 days ago

Yesterday Magnolia Petroleum (MAGP) managed to raise £250,000 to keep the lights on in a massively discounted placing. Today it has served up an operating update. Why not the other way round or was this needed to try and spoof buyers so that the spiv share flippers could sell?. It is not working as this update was ramptastic horseshit.

Magnolia Petroleum another keep the lights on placing. Its pointless - this dog should be shot

Published 414 days ago

I have warned you repeatedly (the archive is HERE) that AIM listed Magnolia Petrooleum (MAGP) is a dog with fleas that exists merely to keep its useless board in well paid employment and to provide coke and hookers money for the crony capitalists. It will never make money for shareholders. Hence today we see a laughable bailout placing. Death is merely postponed.

Tom Winnifrith bonus bearcast: The AIM casino disgrace that is MySQUAR, I name & shame

Published 417 days ago

AIM casino dog with fleas MySQUAR (MYSQ) has today managed a small bailout placing as it teetered on the verge orf bankruptcy just 13 months after its IPO. The roll call name of shame includes pompous PR supremo Piers Pottinger who is a NED, Nomad SP Angel, brokers Mirabaud and Belfort Securities. The shares have plunged to 4p (60% down on the IPO) but are in fact worth 0p. This is a ZERO, an AIM uber-dog. I look at the red flags, talk you through the maths and name the guilty men, the establishment fuckers, the 1% who have made money as poor old private investors took it up the jacksie again. Yes I am angry and use some bad language.

S&P as damning as Moody's on Avanti - its implied view also that the shares are worth 0p

Published 420 days ago

Moody's was damning enough on Avanti Communications (AVN) as I noted earlier. The clear takeaway was that the shares were worth 0p given Moody's view that bondholders were in for a haircut. Now I bring you what the other credit rating agency S&P says. It is equally bearish.

Moody's Downgrade on Avanti Communications Bonds "default inevitable" - tells you equity is worth 0p

Published 420 days ago

Moody's has downgraded its ratings on the junk bonds of Avanti Communications warning bond holders that they would probably get just 35-65% of their cash back. In that case the equity is worthless - note the explicit warning that Avanti will face a cash crisis potentially within weeks. Moody's states viz a viz the bonds " Moody's sees a default by Avanti over the next 6-12 months as almost inevitable." On that basis the target price for Avanti shares has to be ZERO. Sell while you can.

June edition of the UK Investor magazine: Should we stay or should we go? + 7 share tips

Published 432 days ago

The June edition of UK Investor Show magazine is now live featuring Sainsbury v Tesco, Brexit or in, Tom Winnifrith vs Darren Atwater, 4 buy share tips and 3 sells to 0p from Tom Winnifrith, Q&A with Alexander Mining and more. You can download your free copy below.

Avanti Communications announces strategic review - aka - "we are fecked"

Published 438 days ago

Oh dear, this is the end for you my friend....Avanti Communications (AVN) has announced a "strategic review". In other words it has admitted that it s well and truly fecked. Shareholders should, whatever the weasel words of the RNS, prepare for wipeout. This is - as we pointed out in a 25 minute presentation at UK Investor Show, a zero. The statement is typical King of the Bombast David Williams horseshit.

Avanti Communications - existing debt now yields 30%: that says shares toast

Published 442 days ago

Yesterday Avanti Communications (AVN) issued a dire lack of profits warning. Having warned folks in a special 25 minute session at UK INvestor (HERE) that this one was heading for the knacker's yard, the bear community is vindicated. Our big call is looking good. But have you seen how the existing debt ( in which Avantis drowning) responded. It says the shares - down 60% to 24p yesterday - are near as damn it toast. The target here is 0p or very close to that.

Tom Winnifrith Bonus Bearcast: No-one is watching O'Clock Results from Servision - it is bust

Published 449 days ago

I warn you that this podcast uses bad language as I am unspeakably angry about the numbers from AIM cesspit posterboy Servision (SEV). In so many ways its results, which were issued at no-one is watching O'clock yesterday, are a disgrace. At least it is prepared to admit to some of the financial crimes against humanity which I have accused it of. But it is clearly bust and I comment on its numbers, on what the directors and auditors say, on its partial admission of guilt and on the reprehensible behaviour of Jon Bellis and his colleagues at Belfort Securities around the time of the (grossly misleading) interims of 30 September. The target price is 0p as this company is almost bust and truly is a piece of Turkish.

Tom Winnifrith Bearcast: 4 stocks worth 0p - Servision, CNEL, PCGE & Jiasen

Published 449 days ago

Are you listening Jon Bellis at Belfort Securities? You know your form is acting for fraudsters and shite companies yet you are happy for Belfort to keep banking the retainers. This is morally wrong. How do you sleep at night? In this podcast I discuss four stocks that are each worth 0p: Jiasen (FRAUD) - broker Belfort Securities, Servision (SEV) - where are your crooked accounts? Broker Belfort Securities, China New Energy (CNEL) a fraud, broker the disgraced Daniel Stewart and PCG Entertainment (PCGE) another China Norfolk, broker Belfort Securities.

African Potash shares crash - next stop 0.3p as exercised warrants are dumped, then onto 0p

Published 453 days ago

Death spiral providers Bergen are vultures. They are not nice folks. They are not long term investors. But they are not dumb either. They know that shares in African Potash (AFPO) are set to crash and so today Bergen has exercised 63.7 million warrants at 0.3p under some old deal it had. Oh dear. The shares will be admitted to trading on Wednesday but Bergen won't be waiting for then. Oh no.

Tom Winnifrith Bearcast - is Highlands Natural the biggest scam on the AIM casino?

Published 464 days ago

In today's bearcast I start with a brief look at Highlands Natural Resources (HNR), explaining why I knew it was a wrong 'un as soon as I saw who its management team included. I have two follow up articles on today's collapse to come but suffice to say that at anything above a couple of pence its shares are a slam dunk sell. I also look at Aureus Mining (AUE), cover Servelec (SERV) and what it says about equities in general. Steve covers it in detail very well HERE. Then it is onto Fitbug (FITB) and how today's scandal at Thor Mining (THR) begs AIM for a big change in the rules to stop mug punters getting shafted as poor Paul Scott was at Cyan (CYAN). I also have another warning of doom and more questions for Lord Tim Razzall of disgraced Boxhill (BOX) - target price 0p.

Trinity Exploration - will its $23 million tax black hole sink it for good? Or will something else sink it first?

Published 466 days ago

It is in default on its loans but the banks keep putting off the day they pull the plug. Today the company admitted that its attempts to sell its assets had not yet secured any firm offers. Well knock me down with a feather boa sailor, quell fecking surprise. But now it gets worse. Top analyst Zac Phillips, a man who was once seen as the Geoffrey Howe of hydrocarbon analysis but who is rapidly become an attack shark, flags up a massive black hole of a tax liability for Trinity Exploration (TRIN). Writing in the SP Angel morning note today Jaws warns:

Gable Holdings - how has Nomad Zeus signed off on the dire RNS? It beggars belief

Published 485 days ago

As a long term bear on Gable Holdings (GAH) yesterday's late in the day RNS of doom is a clear vindication and the shares have crashed to 6.75p. But I cannot see how the Nomad, Zeus, manged to sign off on what was said as the RNS makes claims that seem fanciful with regard to a capital injection.

XCite Energy - SP Angel sticks the boot in and I agree, It is toast

Published 486 days ago

The oil team at SP Angel is normally uber charitable to the array of dogs that litter the hydrocarbons segment of the AIM Casino. But one thinks of Geoffrey Howe, a mild mannered and retiring chap, as he savaged the blessed Maggie in his resignation speech as, this morning, analyst Zac Phillips has stuck it to XCite Energy (XEL) like a man possessed.

Tom Winnifrith Bearcast - why wont African Potash answer my fecking questions?

Published 490 days ago

In a very British way I start by complaining about the weather. Right now it is sheeting it down here in Greece. Then onto Plethora/Regent Pacific before tackling what the phrase "little or no value" actually means ref Circle Oil (COP). Then onto African Potash (AFPO) and I answer the questions it will not. Target price 0p. 

Environmental Recycling - it cannot even afford 1,575 Euro as it drowns in debt - it is bust, call the administrator

Published 490 days ago

I pointed out yesterday that Environmental Recycling (ENRT), the company formerly known as 3DM and which is the only AIM company to have been censured not once but twice by the FSA (now the FCA) for lying to investors was drowning in debt and out of cash. Just to show how out of cash it is, I point out that it cannot even afford to pay a vital bill for Euro 1,575.

Avanti Communications and the 60-80% fall in prices it is not shouting about

Published 498 days ago

Perhaps that is why drowning in debt Avanti Communications (AVN) has been unable to hit any of its targets and perhaps it is why it is going to run out of cash his year. It seems that the price it can charge for satellite capacity has fallen by up to 80%. Who says so? er...

Avanti Communications - more bad news it is not telling you about

Published 506 days ago

Oddly enough it seems as if the bombastic boss of Avanti Communications (AVN), uber Welsh David Williams is not keeping his poor, and getting poorer by the day, followers up to speed with all the bad news from his worthless company.

Avanti Communications - a new way to hit forecasts: Bongo Bongo land accounting

Published 520 days ago

You were probably wondering what deal Avanti Communications (AVN) was going to do this year to increase its sales after last year's creation of revenue when it was the only person paying money - the deal the FRC is looking at HERE. And you were also wondering how it was going to raise some cash. Natch it would not be by actually selling oodles more capacity on its satellites would it?

Petroceltic its a zero, a 0p - let the blame game get going

Published 525 days ago

Oh dear. You cannot say that you were not warned by this website but those morons who were hoping that they would get at least 3p for their Petroceltic (PCI) shares must now brace themselves for 0p. It is a day of shame for certain City analysts, the board and the morons who, in many cases, were the architect of their own doom.Vindicated I laugh at my abusers...

Gulf Keystone 0p by early May - I slash target price from 1p

Published 525 days ago

I am beginning to think that my 1p target price for Gulf Keystone (GKP) is in fact far too generous. Having called this as a sell at 180p and all the way down to abuse from every moron in the land I think it is time to revise the target price. The shares are off another 9% today to just 4.675p. Okay I shall stop being a nice guy, I am cutting my target price from 1p to 0p.

F40 Origo Partners set to remain suspended until (at least) late July

Published 530 days ago

On Friday at 5.36pm, no-one-is-watching o’clock, ShareProphets AIM-China Filthy Forty member Origo Partners (OPP) updated on court proceedings in the Isle of Man with regard to the winding-up petition presented last month.  The trial date is set for Friday 22 and Monday 25 July, which means that shares in Origo will remain suspended pending financial clarification until then. Unless, of course, Nomad Smith & Williamson decides enough is enough and resigns.

Outsourcery - where are the (dire) results? All the Money's gone has it not Piers Linney?

Published 539 days ago

Piers Linney is no April Fool. The Dragon's Den self promoter and serial business failure (see HERE) is just a fool. And that brings us to his biggest disaster to date, Outsourcery (OUT), shares in which are slipping again and now trade at just 9p (May 2013 AIM IPO at 110p) valuing the business at only £4.4 million. Worse is to come.

Fastjet going down the plughole as Sir Stelios wipes the floor with the board in PR battle

Published 546 days ago

On 22nd March Sir Stelios sent to Fastjet (FJET) the letter which appears below as he upped the ante big time. The response of the Fastjet board has been lamentable with two holding statements and no outright refutation. No wonder the shares have collapsed to 27.5p. It is going to get worse. The target price is 0p or near as damn it.

Goudron Bollocks from LGO as it tries to ramp as £5 million rescue placing struggles

Published 557 days ago

Five days ago we revealed that David Lenigas himself was trying to arrange a £5 million bailout placing for insolvent LGO Energy (LGO) which would see Jabba go back on the board and hapless CEO Neil Ritson pushed into the long grass a couple of months later. We have emails from broker Dowgate to potential investors explaining Jabba's plans and saying that the placing would close well before the end of last week. There has been no RNS. Clearly - and not surprisingly - the placement is struggling big time and so LGO has today released ramptastic bollocks from Goudron to try to spoof punters into backing the bailout.

Fastjet - even paid for ramper's cant make a case - woeful stuff from Equity Development

Published 563 days ago

You know that things are tough when even those firms that are paid money to ramp hapless shares on the AIM Casino cannot bring themselves to do so with any conviction. And thus I bring you the latest note from Equity Development that is the piece of crap heading for 0p, FastJet (FJET). It is what ED does not say rather than what it does say that is so horrific.

Tom Winnifrith Bearcast 7 March - race to 0p - Fastjet, LGO, Xcite...who else?

Published 564 days ago

In the race to 0p who will win? After today's statement FastJet (FJET) is in the running as is LGO Energy (LGO), PetroCeltic and XCite Energy (XEL) which also had news today. I also look at Plethora (PLE) and the idea of something which is too good to be true. Then I move onto [email protected] - if you have not emailed the greedy useless mother yet PLEASE DO SO NOW. I offer up a suggested form of wording for your email. Warning/ Bad language alert.

PetroCeltic - shares suspended pending clarification...oh dear, which oil junior's next?

Published 564 days ago

And yet again the Bulletin Board Morons take something of a battering because they thought they knew better. This time it is - essentially bankrupt - Petroceltic (PCI), shares in which have this morning been suspended pending clarification. Ooops a daisy.

FastJet - Disastrous Trading Statement, bankruptcy looms

Published 564 days ago

No wonder Sir Stelios wants wholesale boardroom change at FastJet (JFET) a disastrous trading statement today makes it clear that the current board has not got a scooby and that bankruptcy is very much on the cards.

F40 Origo - last chance for the Walkers?

Published 565 days ago

Tomorrow is an important deadline for ShareProphets AIM-China Filthy Forty play Origo Partners (OPP). It has a $12 million bill to pay and the company has already warned that it hasn't got the cash. The payment was due to be made to satisfy a planned partial redemption of Zeros. Suspension pending financial clarification, anyone?

LGO renegotiates with Frog bankers again - admits it is in dire straights

Published 567 days ago

The unacceptable face of capitalism, Mr David Lenigas, can ramp LGO Energy (LGO), the company that paid him almost £1.8 million over 7 years to help buy his 100 foot yacht, as much as the fat liar wants but a statement today makes it clear just how fucked LGO is and that its position is getting worse rapidly.

Eden Research: How about you obey AIM Rules for once and 'fess up re milestone non payments

Published 569 days ago

For a second I will park the five years  of fraudulent activities of Eden Research (EDEN) with regard to Terpenetech and move on to why it is breaching AIM Rules ( Number 11) with regard to non disclosure of material information elsewhere.

David Lenigas Blatant Twitter lies of the day Number 1 - LGO Energy

Published 571 days ago

You see a share price falling despite your ramping what do you do if you are Jabba The Hutt, David Lenigas, the unnacceptable face of capitalism? You open up your laptop on your 100 foot yacht in the Monaco tax haven and tweet out some lies. David Lenigas you are a liar. I invite you to sue me for libel for calling you a liar. You will not because here is (more) slam dunk proof that you are a liar. Here are some lies you told about LGO Energy (LGO) - target price 0p - with the past 24 hours.

S&P Prepares to Downgrade Avanti Bonds - warns Avanti seeking more debt

Published 571 days ago

On Friday Credit Ratings Agency Standard & Poor's stuck the knife into Avanti Communications (AVN) with an alert which should cause all shareholders to run to the hills. Avanti's sole response: to announce a meaningless Turkish contract. S&P is damning. It writes:

Avanti Communications - please explain your 100% rum & coke subsidiary accounts?

Published 572 days ago

If a company organanises itself with complex subsidiaries with opaque accounts that simply contradict themselves you know to run a mile. Think Quindell. Now welcome to the world of Avanti Communications (AVN) - target price 0p - and its wholly owned subsidiary Avanti Communications Infrastructure Limited. The numbers just do not make sense.

Avanti Communications - WTF is it up to now in Bongo Bongo Land? Sell - target price 0p

Published 572 days ago

With a hat tip to a reader who is clearly as much of an anorak as I am, I trek over to Companies House and discover that on 9 February, shortly after its piss poor interims, folks behind Avanti Communications (AVN) established three new Companies. Hang on Henry, what on earth is David Williams, the most bombastic CEO on AIM up to?

Magnolia Petroleum - just how much did Gavin Burnell of Globo infamy make from this POS?

Published 578 days ago

Last week Magnolia Petroleum (MAGP) raised enough cash to keep the lights on for a couple of months. This POS could not generate cash at $100 oil so it is not if but when it goes bust and the odds are that it will be well before June. This POS should never have been listed by the brains behind the listing was Gavin Burnell, the financier who also brought you - and cashed in on big time - the fraud Globo (GBO).

Northern Petroleum - Tells us about the Alberta Bonds & when you expect to go bust?

Published 581 days ago

Northern Petroleum (NOP) shares have slumped again today by 13% to 2.25p-3p. I fear it is going to get an awful lot worse with 0p a perfectly plausible target price. There are two problems.

Gulf Keystone - Truly Disastrous News from Kurdistan

Published 581 days ago

On the surface it seems like good news once again - as has been the case since September 2015 - the KRG has agreed to hand over $15 million ( $12 million net) to Gulf Keystone (GKP) in fact today's RNS is a disaster.

Afriag - in case you missed the dire news at no-one is watching O'Clock

Published 584 days ago

At 5.44 PM yesterday Afriag (AFRI) put out the news we sort of expected but now it's official - the shares are uninvestable and must be sold before 23rd February or you will be stuck in the lobster pot.

Gulf Keystone, Upstream Interview - my target price is near as damn it 0p

Published 585 days ago

A candid interview with Gulf Keystone (GKP) CEO Jon Ferrier in that must read publication Upstream (HERE) makes clear that this company is very likely to see a shareholder wipeout within a year. The shares are now 14.5p my target price is , near as damn it, 0p but here are the key takeways from Upstream.

The post ramp placing from Magnolia with a misleading RNS: insolvency merely postponed

Published 585 days ago

It was just five days ago that Magnolia Petroleum (MAGP) served up a gushing, ramptastic "operational update" neglecting to mention that it was insolvent. I warned you to sell then at 0.23p and here's why: today we saw a pitiful placing at 0.14p for spivs to flip which will keep the PLC lights on for just a couple of months more.

Tom Winnifrith Bonus Bearcast: Ref Eden Research - why a FRAUD is always worth 0p

Published 588 days ago

A reader posted here last night on Eden Research (EDEN) arguing that although it had committed fraud it was a good investment. Thanks for the suggestion Asi but I explain why this is not the case and why with a fraud 0p is always the right target price for the shares because eventually they run out of other people's money. I discuss when eventually means for Eden. It could be sooner than you think.

Tom Winnifrith Bearcast 10 Feb - The Madness of 88 Energy as Hornby is de-railed

Published 590 days ago

I refer at the start to my other podcast today on why the striking Junior Doctors are lying, greedy, bastards. You can listen to that HERE. Onto shares and I start with the madness of the 88 Energy (88E) share price today on a risk reward basis. Then it is onto Hornby (HRN), Renold (RNO), Global Invacom (GINV), Wandisco (WAND), Leed Resources (LDP), Golden Saint Resources (GSR), Fusionex (FXI) - target price 0p - Phorm (PHRM) and finally I ask all of you a question about Imaginatik (IMTK).

Servision: Make My Day please can I see you in Court Bitchez?

Published 591 days ago

It seems that folks round at Servision (SEV) the AIM Casino listed company with atrocious revenue recognition policies, a track record of issuing RNS contract wins that turn out not to be true and which is heading for insolvency, don't like me very much. You know what? I don't like POS Servision for all the reasons demonstrated HERE. But the Servision chaps want to fight back.

Tom Winnifrith Pancake Day Bearcast - talking of flipping: MX Oil

Published 591 days ago

Just a reminder that it is Shrove Tuesday or, as younger folks might say, Pancake Day. Next up I shall be asking what you are giving up for Lent? I shall be giving up expressing my undiluted admiration for Britain's leading chanteuse Ms Cheryl Cole. Back to shares and I discuss what is real asset backing and what is it worth with relation to Allied Minds (ALM) and Cambian (CMBN) and a piss poor trading statement from Tungsten (TUNG). I express some displeasure with MX Oil (MXO), now off any buy list, and then move onto Servision (SEV) which is heading to where Motive TV (MTV) is now - off another 50% at 0.00p 

Tom Winnifrith BearCast 8 February - A scallywag to a buffoon, Ken Brooks to Zak Mir & MTV at 0.00p

Published 592 days ago

A wide ranging podcast starts with comments on Eden Research, Ken Brooks and the abject failure of the FSA/FCA to protect investors. Then it is onto three shite companies starting with the letter M : Magnolia Petroleum (MAGP), Motive TV (MTV) and Mosman (MSMN). I look at Circle Oil (COP), Trinity (TRIN) and Tethys (TPL) as well as Servision (SEV) where my target price remains 0p. Then a brief stockmarket lesson for the Sith Lord on what a dead cat bounce actually means and a look at Aureus Mining (AUE).

Tom Winnifrith Bearcast 5 February - Do NOT overpay for Adam Reynolds "magic"

Published 595 days ago

The story of the day is Frontier Resources (FRI) and Adam Reynolds. Yes we were in on the placing and have bought more pre bearcast but some folks are overpaying big time. Far be it from me to talk down the value of a stock we own but I do just that and urge folks not to be mad and overpay. Then it is onto Bahamas Petroleum (BPC), Phorm (PHRM), Fusionex (FXI) - target price 0p - Greka Drilling (GDL) - ditto - and Glenwick (GWIK)

Greka Drilling Operations Update - surely this company is bankrupt?

Published 595 days ago

AIM Casino traded Greka Drilling (GDL) was born out of Green Dragon Gas (GDG). It was financial engineering designed to create the (false) impression of value creation. An operations update today is noteable for what it does not say rather than what it does because the reality is that this £14.7 million capitalised company is bust and has been for a while. The target price for the shares, now 3.7p, is 0p. Zero.

F40 Origo Partners – is it bag of crisps time? 0p ahoy?

Published 596 days ago

This surely is terrible news for shareholders in ShareProphets AIM-China Filthy Forty play Origo Partners (OPP): an RNS shortly before close of play yesterday saw the announcement of the results of a series of meetings which had been called to consider the restructuring of a series of debts (or, rather, convertible zero dividend preference shares). The holders of the zeros voted it through but, oh dear, those pesky ordinary shareholders did not. The result: Origo could be toast.

Tom Winnifrith Bonus Bearcast: Avanti Interims are a turd however they are polished - this could go to 0p

Published 596 days ago

Uber Welsh king of the bombasts, David Williams of Avanti Communications (AVN) tries his best to polish the turd which are interim results out today. But look behind the headlines and the key metrics are dreadful. Look at the yield to maturity on the bonds. The shares could well go to 0p and sooner than most folks think as I explain in this special podcast.

Afriag and the Real Reason it is to quit AIM

Published 596 days ago

When announcing that it was to quit AIM and go to the ISDX lobster pot David Lenigas creation Afriag (AFRI) served up all sorts of horseshit to justify the move (see HERE). But it was horeshit (should that be horseshit or is horeshit more appropriate?) and the real reason is...

Servision, after the lies let us look at the joke accounts

Published 604 days ago

Nomad Allenby still appears happy to take the filthy money offered by Servision (SEV) to act on its behalf notwithstanding the now clear demonstration that its RNS statements are, on a serial basis, utterly misleading. So let us now look at the accounts which, natch, are a total joke. I refer to the issue of bad debts.

Jiasen – down another 23%. Is the end nigh?

Published 604 days ago

I note that in the wake of our recent coverage (HERE), shares in AIM-China Filthy Forty play Jiasen (JSI) have cratered another 23% today (last seen) to 2.875p. There has been no news (so far) today, but one senses a bit of a rush for the exit going on.

Outsourcery, the dog created by Dragon's Den flop Piers Linney - when's the bailout placing?

Published 604 days ago

Shares in Outsourcery (OUT) the business created by Piers Linney, the Dragon's Den flop, are sliding today and the only question is when is the next bailout placing? Linney is - whatever BBC PR flunkies told us all - a serial business failure as you can see HERE. Outsourcery listed on AIM at 110p on May 24 2013. The shares are now 13.75p but remain a storming sell as the cash runs out.

Servision - a totally monstrous lie from China - this company is a worthless lie factory

Published 604 days ago

So far Nomad Allenby has refused to act when shown clear evidence that its client Servision (SEV) has issued RNS statements which have not actually been born out by reality in terms of new orders. Clearly Allenby regards getting its corporate retainer as more important than its reputation. So after yesterday's shocker here is an even more monstrous lie . This company is a worthless lie factory and given that it is almost insolvent its shares are worth 0p.

China FRAUD Jiasen – GOTCHA! The LIE in its Interims

Published 605 days ago

We shall, for a moment, suspend our disbelief over the stated cash position of ShareProphets AIM-China Filthy Forty member Jiasen (JSI). Let us, for a moment, simply take the company at its word. Deeper analysis of yesterdays trading statement numbers shows a horror story unfolding, and casts a strange light on previous statements from the company. I suggest that what follows shows that Jiasen is toast, and uninvestable.

Servision - grotesquely misleading investors in summer 2015 to get placings away

Published 605 days ago

Yesterday I demonstrated that AIM casino posterboy Servision (SEV) was both almost insolvent and in need of a placing ASAP HERE and b) was happy to mislead investors to ramp its worthless shares ahead of a placing HERE. Right now it is ramping as it needs a placing pronto to avoid going tits up. Now I take you back to 2015 to show how it misled the market in a shocking manner to get a bailout placing away.

LGO -now showing that it has form of misleading on output in presentations

Published 610 days ago

I showed quite clearly yesterday that the latest investor presentation given by Neil Ritson, the hapless CEO of LGO Energy (TOAST) was misleading. Now I move on to show that this is not a one-off, this company - whose shares are worth 0p - has serious "form."

Avanti Communications - now at 117p, downside 117p by June - 5 Questions as bonds now uber-junk

Published 610 days ago

Before Christmas shares in Avanti Communications (AVN) traded at c200p. This morning they touched 100p although they now trade at 117p. What on earth is going on? The only news from Avanti's CEO, the uber-Welsh king of the bombasts David Williams is that he will be presenting interims on 4 February. However it is not just the shares that are tanking, so too are its bonds, they are now officially uber junk and as such five massive questions need to be answered by the company with the numbers. For what it is worth my target price remains - as per Gold & Bears see HERE - 0p.

The utter stupidity of AIM Mug Punters - case study MTV

Published 611 days ago

It is pointless to debate the merits of Motive TV (MTV) in terms of a fundamental investment case. This website has covered it in full detail (HERE) and I think we are all aggreed that it is a worthless piece of crap that is worth 0p and should be delisted at once. But while it stays on the AIM casino its shares are actively traded by a certain class of moron and the screenshot below shows why most are certain to lose money.

Afriag - Yusuf Kajee fraud trial moved to Pretoria next week

Published 616 days ago

Since he is in Dubai right now, Yusuf Kajee of Afriag (AFRI) may not have been told that the venue of his fraud trial on 20 January has been moved. I'm always happy to help the old smearer out so...

The 49 Red Flag Tick List - Inspirit Energy

Published 623 days ago

I published a book last year "49 Red Flags" - there are actually 50 listed and the book explians why each is important in avoiding piss-poor investments. As a little exercise the deputy Sheriff of AIM and I have applied the check list to Inspirit Energy PLC (INSP) and the results are appalling.

InternetQ - where are the Beatles?

Published 625 days ago

You may have noticed that over Christmas the Beatles (or whoever controls the estate)  released their material for streaming services, It is now available on 9 leading streaming services. Strangely...

Tom Winnifrith's share tips of the year Number 5 - sell LGO Energy at 0.265p

Published 629 days ago

This company is on the precipice. It needs to raise £5-6 million in emergency equity to keep going and everything is going against it. The best case for LGO Energy (LGO) is mega dilution from whatever is a confetti issuing machine, but an equally plausible outcome is insolvency.

Tired of smearing and attempting to bribe Tom Winnifrith, Afriag's Yusuf Kajee demands questions - ok, part 1

Published 630 days ago

AIM Listed Afriag PLC (AFRI) shares should be suspended on Monday because of the mass of questions I have flagged up on this website HERE. One of the two principal players in the business, Yusuf Kajee, has spent the holidays sending me more than 130 tweets smearing me in the most repugnant manner possible (HERE) and also trying to bribe me (HERE). Now he asks for questions.

Lucian Miers share tips of the year Number 1: Sell InternetQ at 61.25p, target price 0p

Published 632 days ago

In the end it all comes down to cash. Good companies generate it. Bad companies run out and in the end go bust. The shares go to 0p. And that brings me to Greece based InternetQ (INTQ) which - as a sell - is my first share tip of the year.

POS market abusers and cash guzzlers Environmental Recycling clarify KennyBoy Brooks loan

Published 632 days ago

AIM casino listed Environmental Recycling (ENRT), formerly known as 3DM is worthless POS which has been twice censured by the FSA (today's FCA) for misleading investors. In clarifying the status today of an uber expensive loan it has taken from its founder, Kennyboy Brooks, it has just admitted to a third deception.

Tom Winnifrith Bearcast 29 December: Flip Flop Ben Turney, ZincOx, 88E shareholders you are all in frigging denial

Published 633 days ago

I delay breakfast at Tom's Diner in Brooklyn for you dear listeners. I explain the sacrifice I am making.  Then the theme is one of denial as I examine Zincox (ZOX), Sefton Resources (SER) & flip flop Ben Turney and finally 88 Energy (88E). I move onto how one reacts to fair questions and the scumbags at China New Energy (CNEL) and Afriag (AFRI). I look at Asian Citrus (ACH), InternetQ (INTQ) and Mosman (MSMN) - both zeros and eServGlobal (ESG) which is also heading for 0p. There is a final swipe at Rare Earth Minerals (REM) and Jabba The Hutt, Mr David Lenigas.

LGO forced by ShareProphets to clarify annual report lie but someone is still lying

Published 638 days ago

Two days ago I accused LGO Energy (LGO) of misleading investors big time - HERE. Today, when it thinks no-one is watching, it has put out a grovelling correction but someone is still lying. Neil Ritson you useless little shit another correction is still needed.

Totally bankrupt Golden Saint Resources issues comedy release of the year

Published 639 days ago

PR genius Steffi I applaud you for making me a happy man with what must be the most ludicrous press release of the year from your client Golden Saint Resources (GSR). We know that this company is bankrupt and trading whilst insolvent but I am glad that Nomad Roland "fatty " Cornish has not done his job properly and suspended the shares from the AIM Casino as this is sheer comedy.

FastJet - Today's RNS does not alter the fact that it is going to Zero

Published 639 days ago

Having slipped badly following its profits warning and the start ( yes start) of a process of scrutiny by the Sheriff and his posse, the share price of FastJet (FJET) is up by 20% to 52.75p today thanks to news that it is launching flights from Tanzania to Kenya. Fear not this remains a sell with a 0p target.

Afriag - why has "that magazine" disappeared - what are you hiding?

Published 641 days ago

Even before the shock resignation of fat Aussie share ramper David Lenigas today, Afriag (AFRI) was a slam dunk sell. It is almost out of cash, is burning cash and its major asset is a 40% stake in a a Zim South business run by "colourful " Yusuf Kajee & Paul de Robillard, a man accused by Lonrho when run by David Lenigas of being a tobacco smuggler and whose company before Afriag is the subject of a live criminal investigation in South Africa. Paul & Yusuf featured heavily in a ramptastic Afriag Magazine published two weeks ago on the Afriag website.  But...

Pointless posturing by Outsourcery as it changes auditor – real issue is when Piers Linney firm goes bust

Published 667 days ago

In a pompous sort of way as if he we running a FTSE 100 company not a piss poor, going bust, AIM Casino disaster story like Outsourcery (OUT), Dragon’s Den flop and serial business failure Piers Linney today announced a change of auditor.  That Piers, my boy, is not the issue is it?

Golden Saint Resources completes placing but is still insolvent

Published 668 days ago

How long can this joke go on? Floated at 10p, 18 months ago shares in Golden Saint now trade at just 0.035-0.04p as it has announced a placing to raise a £170,000 ( net £158,000) at 0.025p but it is still bust, insolvent, dead. What’s the point? Death is postponed but only for a few weeks.

Golden Saint Resources shares slide as death beckons – live execution watch update

Published 672 days ago

Floated on the AIM casino 18 months ago at 10p, shares in the insolvent Golden Saint Resources (GSR) are sliding again today and are now just 0.035p to sell (loss since IPO of 99.965%) so how is its crowd funded debt death spiral doing. I am afraid that the news is not good on day 42.

Golden Saint Resources Live Execution Update day 26 – Grab a grand!

Published 688 days ago

Totally insolvent AIM Golden Saint Resources (GSR) had a cracking day 26 on its live crowd funded debt death spiral – some mug punter pledged £1000. That means that £3,200 has now been pledged (admittedly at least £800 of that coming from imbecilic Northern slum refugee Richard “Gollum” Gill and colleagues at crowdforangels) and so the net proceeds (inc VAT outflows are now) a massive £88. Yes after 26 days Golden Saint has raised a net £88, enough to pay for the invaluable services of PR genius Stefania for approximately twenty two and a half hours. So …

Globo plc – confirmed date of removal from AIM follows earlier announcement still claiming “Globo is a trusted mobility partner”, Er…

Published 689 days ago

Tom Winnifrith noted earlier HERE the entry into administration of Globo plc (GBO) - the announcement from the administrators including that they “will be applying in due course for the cancellation of the admission of the company's shares to trading on AIM”. FTSE has now updated on this…

Golden Saint Resources Live Execution Death watch – Massive day 19, 100% increase in funds raised – it’s still bust

Published 695 days ago

Wow big news from the live execution of Golden Saint Resources (GSR) via a crowd funded death debt spiral – the amount raised has on day 19, doubled. But before its supporters celebrate too much….

Geong – all over bar the shouting

Published 696 days ago

In what is clearly a sign that AIM-China Filthy Forty play Geong (GNG) is headed from its cell on Death Row to the execution chamber, it has been announced that it has been deleted from the FTSE AIM All-Share Index effective Friday 30 October.

My top ten shorts for Christmas – Tom Winnifrith

Published 702 days ago

Circumstances change, share prices change and so ones evaluation of what is in sight as a good short always changes. Challenged by a reader I serve up my ten top shorts/sells for Christmas, with one caveat.

Tuesday Caption Contest - Useless Nomad Roland "Fatty" Cornish Edition

Published 703 days ago

By now it is clear after the numerous scandals at New World Oil & Gas (NEW), Gate Ventures (GATE) and so many others that we’ve forgotten, that Roland “fatty” Cornish is officially London’s worst Nomad. His latest triumph is to allow shares in Golden Saint Resources (GSR) to continue to trade even though the company is insolvent and its Richard "Gollum" Gill crowd funded debt death spiral has only raised MINUS £1938.50.  To celebrate this walking disaster story we have another caption contest. Don’t hold back…there is a prize.

Rurelec – woe upon woe as 54% shareholder goes into administration

Published 703 days ago

I have been bearish on AIM-listed Rurelec (RUR) all the way down from 3.75p in May. With the shares now down 79% since then, at 0.775p, I sense a notch on the bed-post at Deputy Sheriff of AIM Towers. Rurelec’s 54% controlling shareholder, Sterling Trust, has gone into administration and so we now have (to add to the balance sheet issues) a monster of a stock overhang. Also in the fray is the already suspended AIM-listed IPSA (IPSA), which sees a 30% stock overhang created.

Golden Saint Resources Live Execution Day 9 – Gollum covers up how investors spoofed

Published 705 days ago

It goes without saying that there live execution of insolvent AIM listed POS Golden Saint Resources (GSR) via a crowd funded debt death spiral is not going well. The past 24 hours has seen another £0 raised meaning that on day nine net proceeds are still MINUS £1938.50. But an eagle eyed reader has flagged up a weekend change, as CrowdforAngels tries to cover up how investors are being spoofed.

Worthington – still avin a giraffe, but for how long can it continue?

Published 706 days ago

Another deadline arrives and it is yet again missed. How long can the long running farce of the takeover of Old Mother Worthington (WRN) continue?

Golden Saint Resources Live Crowd Funded Execution day 7 Update – Guess What?

Published 708 days ago

It is all action at crowdforangels, the crowd funding operation which asked for trouble when it hired as its compliance officer, Northern Slum refugee and prize tool Richard “Gollum” Gill. Six days ago it set out to raise £250,000 in a crowd funded debt death spiral for AIM listed insolvent POS Golden Saint Resources (GSR). The big news from the last 24 hours is….

Sefton: The Real Reason ZAI refused to act as Nomad, the market abuse (Chris Oil) and what next?

Published 712 days ago

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.

Watch Golden Saint Resources Die LIVE on screen - so far only £800 raised

Published 714 days ago

AIM listed Golden Saint Resources (GSR)is out of cash and as we explained earlier HERE it is trying to raise £250,000 via a crowdfunded debt death spiral and even if it achieves that it will still be bust before Christmas. Our target price is 0p. But joy of joys you can now watch Golden Saint die live on screen - so far it has just raised £800!. This is such fun..,

Please sue me for libel: Jiasen International is an AIM listed fraud from China – interims today

Published 728 days ago

The Bulletin Board Morons want Jiasen (JSI) to sue me for libel. Well let’s make this easy for the Fujian fraudsters. “Jiasen is a fraud and its criminal directors have produced bogus numbers today – its shares are worth 0p.” There is no ambiguity there. Sue me for libel. What is the Chinese for “See you in Court bitchez?”

JQW – Interims invite belief in the tooth fairy

Published 730 days ago

As George Osborne tweets lyrical about being the first UK minister ever to visit the key staging post at the end of China’s Silk Road, Urumqi, JQW has truly tried to make a silk purse from a sow’s ear. If you believe in the tooth fairy then you should buy the shares with all your might. Indeed, you should go down to the world’s local bank (HSBC) and get a mega-loan and buy the entire company for it is trading on a market capitalisation of £11.1 million (source: ADVFN) and yet has a cash pile of £46 million. Heck: shut down the business (except the Chinese authorities have already done that, for a month) and walk away with £35 million profit?

Global Market Group dies an AIM death – do any of the crony capitalists give a FF?

Published 731 days ago

The Nomad to China AIM casino POS Global Market Group (GMC) was Grant Thornton. It quit on August 21. S with no new Nomad having been announced you would expect confirmation today this its casino life was over. There is no RNS.

Golden Saint Resources – after-hours Interims. What a total POS.

Published 732 days ago

Words fail to convey the contempt with which I read yesterday's after-hours interims statement issued by AIM Cesspit poster boy Golden Saint Resources (GSR) - a company that is almost certainly insolvent, numbers don't lie. It almost matches the contempt with which the management of this POS treats its own shareholders.

Update: China Chaintek - Nomad has quit - shares now suspended

Published 742 days ago

UPDATED: Oh dear, it looks as if another China AIM stock is set to lose its AIM casino listing. AIM regulation has just now suspended trading in shares in China Chaintek (CTEK). Market sources say that Big Ray Zimmerman of ZAI Corporate Finance had enough and quit as Nomad to the Norfolk China Chaintek (CTEK) with immediate effect. The company has made no statement.

Exclusive: Jim Mellon sells out of Sefton – what say you now market abuser Chris Oil?

Published 744 days ago

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….

Sefton Resources - the farce will become tragedy thanks to market abuser Chris Oil - 0p target

Published 745 days ago

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.

Breaking: Camkids – If it looks like a duck, and walks like a duck……

Published 773 days ago

Something just does not add up with AIM listed (pro tem) Camkids (CAMK). Tom Winnifrith and Steve Moore have already considered the credibility of yesterday’s RNS HERE and pronounced Camkids, from Fujian Province in China as a prime candidate to join the club from the Norfolk province of AIM. We’ve been looking at it from a different angle: the annual report and accounts. What we find is shocking. 

FRAUD: Camkids – an old dog with new tricks to explain how nearly ‘All the Money’s Gone’

Published 774 days ago

Former ‘Investors Chronicle’ favourite AIM casino China fraud Camkids Group (CAMK) has released a more than 600 word RNS, which can be almost summed up by a 1999 song from Wolverhampton band Babylon Zoo; ‘All the Money’s Gone’… The shares are crashing and if Nomad Allenby had any integrity it would quit. This is a total Rum n'Coke.

Afren Goes Bust! The Fat Lady Sings “It's tits up time lads”

Published 784 days ago

Oh well you cannot say that you were not warned often enough on these pages. To the Bulletin Board Morons who abused us and said we did not know what we were talking about as we warned of impending doom, we say “enjoy poverty peasants” because it really is all over for Afren (AFR). And that is official, although no doubt on the LSE Asylum someone will spin news of administration as a buying signal for the shares.

Visit to Jiasen International June 2015 - Red Flags Ahoy, when's the delisting?

Published 785 days ago

A man known to me has recently been to China to see Jiasen (JSI). I was a bear before, having read this I am even more of a bear. Too many things just do not stack up. There clearly is a Jiasen business. But it is just nothing like what is claimed by the listed company. On the basis of this on the ground reporting by a fellow who understands industrial processes I state that beyond doubt I do not believe that its stated profits, sales and net assets are real.

So what is Quindell really worth? Probably not 0p but it could be

Published 795 days ago

Shares in the biggest stockmarket fraud for 30 years, Quindell (QPP), are currently suspended at 124p valuing it at around £625 million on a fully diluted basis. But what is it actually worth? Some brokers are marking it down to 0p because of the suspension but it is probably not worth 0p – thanks to the folly of the Aussie prats at Slater & Gordon – but it might just be.

Tom Winnifrith Bearcast 14 July - seething with white rage, extreme bad language warning

Published 801 days ago

So Paul "Trotsky" Scott, "Red" Darren Atwater, George "the twat" Osborne and your out of touch cabinet pals who have never risked their capital to run an SME, PR supremo Reg "crony capitalist" Hoare et al you want me to pay my staff £9 an hour. Let me tell you about Christina and why I am in such a foul mood today. Warning this podcast contains a stream of bad langauge.  I also cover Greece, Blur, Johnston Press, Mosman Oil & Gas (0p here we come) and Armadale Capital.

Mosman Oil & Gas on the ramp again as the cash situation heads to critical

Published 802 days ago

POS Aim casino poster boy Mosman Oil & Gas (MSMN) has today put out the most ridiculous and desperate operational update in an attempt to spoof mug punters to buy the shares. For the fact is that Mosman is almost out of cash – though it won’t admit it – and needs a bailout soon.

Afren - the gift that keeps on giving (to the bears)

Published 804 days ago

The gift (to we bears) that is Afren (LSE:AFR) keeps giving. On Thursday the shares traded above 2p again.  That is madness.

Tom Winnifrith Bearcast Special - 21 stocks on my PLC Death List

Published 832 days ago

It is world gin day but I have not started..yet. Ahead of that this is a PLC Death List podcast special. I list the 21 PLCs that are on my list to be delisted or go to 0p by December 31 2016 and explain why. Enjoy...

Camkids AGM Q&A - the killer admission

Published 833 days ago

AIM casino listed China fraud Camkids (CAMK) has helpfully published an English language transcript of a Q&A from its AGM yesterday. There are moments of sheer comedy but also a killer admission which should tell you this is heading for 0p.

Arria NLG – another disaster for the AIM Casino & it shows that IIs are as thick as the rest of us

Published 876 days ago

This is a stonker of an AIM casino disaster – a story of greed, stupidity, investors being misled and,  as it’s the AIM casino, of private investors taking an almighty rogering. Meet Arria NLG.

Tom Winnifrith Bearcast Quindell - Vindication, defiance, apology, analysis

Published 907 days ago

At one level a triumph. Quindell threatened me with libel action becuase I accused it over overstating its profits ahead of and after its rescue bailout in November 2013. I accused it of fraud. It has today said those profits will be restated. It thus raised money on a fraudulent prospectus and folks should go to jail. Those who bought at 660p+ on the basis of those bogus, fraudulent profits and other lies should be demanding that Rob Terry be prosecuted becuase they will never get that money back.

Breaking:Quindell Cash Crisis – now the ACH Subsidiary faces a winding up order because of unpaid bills

Published 932 days ago

Folks dismissed the County Court Judgement against Quindell revealed HERE at the weekend as a one off but now I alert you to the fact that its ACH Subsidiary (for which it paid £31 million as part of the fraudulent RTA deal) faces a winding up order because it has not paid its bills.

Quindell dumps shares in NARS – market source

Published 933 days ago

On 20th November Quindell (QPP) denied that it was actively seeking to sell its 24% stake in Nationwide Accident Repair (NARS). Market sources tell me that Arden Partners has today placed out the stock.

Tom Winnifrith Bearcast 28 February - why there will be more 0ps in 2015

Published 937 days ago

I was struck by something Paul Scott wrote the other day and in this podcast I ask first if there is anything interesting to do in Rye and then ponder how I will get up to the snowfields tomorrow. I then move onto explain why there will be far more 0ps in 2015 than there were in 2014. 

Quindell – Nothing Wrong with the QLS Business Model: Really? Why 0p is still my target

Published 937 days ago

Supporters of Quindell (QPP) and even Paul Scott – a neutral – have taken comfort from the fact that the MD of Slater & Gordon has said that there is nothing wrong with the QLS business model and take that forward to argue that a 0p target for the shares is unrealistic. Here is why they are wrong.

Quindell – Its bust and playing for time: PWC delayed

Published 938 days ago

After working on reviewing the fraudulent accounting policies of Quenron (QPP) for almost three months – as long as it takes to do an audit – Quindell still cannot publish the PWC report. It promises that it will do so in “another few weeks.” The statement released today is a disaster but for those who need assistance I shall translate what it says into what it actually means.

Coms – blatant market abuse and is the Nomad set to resign?

Published 939 days ago

Coms (COMS) is the gift that keeps on giving. In today’s instalment we have wholesale market abuse and the question of when the Nomad might jump ship. Meanwhile the company needs to clarify its financial position. Is it trading only thanks to the support of banks who could pull the overdraft at any time? Methinks yes.

Quindell – Slater & Gordon Good News? Er…

Published 942 days ago

The quisling blogs reported at the weekend that Quindell (QPP) has received a £700 million offer for QLS from Slater & Gordon. A statement from Quenron this morning gives hope to the bulls and the shares have shot ahead to 94p but I would not be putting the champagne on ice just yet.

Quindell: Morgan Stanley makes £2 million in less than a week thanks to the morons

Published 947 days ago

Hats off to Morgan Stanley which has made a quick £2 million plus killing in four working days. It correctly identified Quindell (QPP) shareholders as being among the stupidest people on this planet and it has played them like a kipper. It is all perfectly legal and for this Robin Hood in reverse raid on the lobotomy and strong brigade, hats off to the banksters.

Tom Winnifrith Bearcast: Investor Denial at Afren, Worthington & Quindell and generally

Published 950 days ago

In this podcast I look once again at the issue of investor denial. The case studies are three companies all worth 0p per share: Afren, Quindell and Worthington. happy listening.

Afren Shares tank as bid talks off – still a sell at 5p – target 0p

Published 952 days ago

You cannot say that Lucian Miers, the Great Waseem and myself did not warn you often enough! Bid talks with SEPLAT are officially off and Afren (AFR) shares have tanked to 5p. Next stop 0p. To those who responded with abuse, enjoy poverty suckers but it is still not too late to get out.

Tom Winnifrith Bearcast - 12 February

Published 953 days ago

I urge you all to listen to the earlier Quindell special podcast HERE as that slam dunk shows why the firm is bust and worth 0p. In this audio I also cover Afren, TXO, Gulf Keystone, Bacanora, David Lenigas, Circle Oil and Northcote Energy

Maine Finance – New Information on how a Quindell Subsidiary is failing and frauding as the cash runs out

Published 955 days ago

Last week I stated that Maine Finance, a Quenron subsidiary which has racked up a £5 million overdraft so that it can lend money to other Quindell operations had basically stopped paying lead suppliers because the cash has run out. Thanks to information from someone incredibly close to Maine I can now give you the full story. This is symptomatic of what is going on across the Quenron group because there is no cash. 

Breaking: Quindell – Grim News from Australia with the Slater & Gordon Interims

Published 956 days ago

Just last week Quisling Quindell (QPP) blogs like Betaville promised us that a bid from Slater & Gordon was imminent. Oh dear. More lies. Hard cheese morons. Slater & Gordon has just released its interims and they do not read well for Quenron.

Tom Winifrith and Colin Firth say buy Quindell? No Its a Moron breaking the law

Published 956 days ago

The publication of material that you know to be untrue or misleading in an attempt to persuade folks to buy or sell securities is termed market abuse and is a criminal act and that brings me to the latest act of insanity by a Quindell (QPP) owning moron – the creation of the twitter account @tomwinifrith.  You will note that it has only one n and so is not me but you could easily be forgiven for making that mistake.

Quindell…the penny is starting to drop: collapseroonie ahoy, just how bad is the cash position?

Published 965 days ago

It has been a quiet week on the Quindell (QPP) front although none of the ludicrous bull calls have come good: S&G exclusivity ended Friday and we were told that a bid would happen last week and that Quenron had lined up a big bank to advise it. Well …it did not happen and it will not happen.

Tom Winnifrith BearCast 30 january

Published 966 days ago

I start on the matter of free speech and attempts by the Jihadists of the QPPSAG to deny that. We won a big victory over the morons yesterday. In that vein I urge those who enjoy Bearcasts and who support free speech to book their seats for UK Investor Show on April 18 in Westminster now HERE. In the podcast I cover Mosman Oil & Gas, Rambler Metals, Red Leopard, Beacon Hill Resources, Management Resources and then go in big time on Asian Citrus but more especially on Camkids - target price 0p.

Tom Winnifrith Bearcast 29 January

Published 967 days ago

In today's podcast I look at how the human mind reacts to rising and falling share prices, the case study being Quindell (QPP) which is tanking today - now at 80p, target remains 0p. I look at Mosman Oil & Gas (MSMN) and its proposed Aussie takeover which - as I explain - must now be in terrible trouble - target here 1p. I look at the pointless Forte Energy and Red Emperor and then a read through from Produce Investments. I also propose a new "£4 million Rule" for the AIM Casino - what do you think?

Quindell Bearcast - Slater Gordon and the Gotham Dragon starts to wake up

Published 973 days ago

I exposed how Quindell is going to get rogered (at best) by Slater Gordon overnight HERE in this podcast I discuss how this accounting fiddle works, what it means for Quenron's (QPP) dire financial position, it really should be fessing up to that and has not and I also flag up that Gotham City Research is starting to wake up.  For the avoidance of doubt the share price target remains 0p and the fact that the shares are up today shows nothing other than the insanity of man, the bear case has just got stronger still.

Naibu, China Chaintek, Camkids, Pinsent Masons and Crowe Clark & an open letter to Ray Zimmerman of ZAI

Published 974 days ago

Shares in the fraud Naibu (NBU) were finally suspended on the AIM casino on 9 January 2015 after the NEDS woke up and requested clarification of the financial position of a company claiming to be cash generative and drowning in cash. How long does it take to check this out? What next?

Tom Winnifrith Bearcast 20 January - oil prices, oil stocks and time to revisit 0p target for Quindell?

Published 976 days ago

In today's podcast I start with oil stocks and oil prices and discuss why I would not touch any of them with a bargepole - particular mentions of Tangiers Petroleum, Falklands Oil & gas, Rockhopper, Igas, Northern Petroleum and the rampers of Mosman Oil & Gas. I then move onto Quindell discussing whether my 0p target is too low.

Lucian Miers goes short China Chaintek at 60p – target price 0p

Published 983 days ago

The suspension of trading in shares in China fraud Naibu (NBU) will make bear raider Lucian Miers a stack of cash as he was a long time short. So who is next?

Tom Winnifrith’s share tips of the year 2015, No 8 – sell Jiasen International at 42.5p

Published 992 days ago

Anyone owning a Chinese based AIM stock is certifiably bonkers.  That is especially the case if it is based in Fujian Province, a small part of the PRC which has specialised in listing frauds on AIM, the Frankfurt Exchange, the TSX and NASDAQ.  The Fujian four on AIM are: Camkids (CAMK), Naibu (NBU), China Chaintek (CTEK) and Jiasen International (JSI) and for all four my ultimate target price is 0p. But I feature Jiasen today at 42.5p as a sell of the year.

Quindell: Translating today’s RNS from Bollocksese into English

Published 994 days ago

Quindell (QPP) has today issued an RNS which is pure bollocks. Ever keen to help I am happy to provide a translation into English, something which shows both that the new board are as keen to mislead as the old and that this company is up shit creek without a paddle. 

Tom Winnifrith’s Share Tips for 2015, No 5 – Sell Quindell, target 0p

Published 997 days ago

Some of you may regard this as boring. There is after all, ALMOST, nothing written below that I have not written before. But I promised my top 5 shorts as part of my 10 tips of the year and Quindell (QPP) is my top short. Quite simply these shares are worthless. And so selling at 42p or whatever you can get is a sure fire 100% win. This is a “niller” at so many levels. Where do we start?

Absolute tummy rot on Jiasen International – a China POS

Published 1007 days ago

I actually like the team from Beaufort Securities but have to pull them up for this note of last Thursday on AIM China POS Jiasen International (JSI). This company may be legit but everything it states follows the pattern of companies – like it – from Fujian province which are out and out frauds.

Ultrasis – another AIM litany of woe

Published 1015 days ago

Having sunk to 0.055p after stating that “if the company is not able to raise additional funds by early January 2015, then the board will have to consider whether or not the company can continue to trade beyond this time”, shares in Ultrasis plc (ULT) currently trade at 0.14p – capitalising the company at £2.5 million – on the back of an announcement that financing “discussions remain ongoing”, though that “there can be absolutely no certainty that an agreement can be reached”.  If they are not this is 0p. If there is a refinancing it will be at 0.05p. Why anyone is buying defies belief. The following details the, err ‘not exactly promising’, track record here…

What the Quindell RNS really means – it means 0p, and here is why

Published 1019 days ago

I could not have put this better myself. Posting on the Motley Fool, the incredibly astute Waz Shakoor (who is short of the stock) explains it in the clearest terms. This is going to 0p. Hat tip to Waz who writes:

Tom Winnifrith's Bearcast - 26 November, Quindell investors in denial edition

Published 1031 days ago

I touch on a few other companies in this podcast, notably 3Legs Resources, Wandisco and Security Resources which is leaving the AIM casino. But I focus on Quindell analysing how and why its remaining shareholders are simply in denial. I also discuss at length today's bombshell research note from Canaccord (HERE) and what it means. It means death and 0p.

BREAKING: Quindell – now Canaccord sticks the knife in: new research note in full

Published 1031 days ago

Canaccord has not only quit as broker to Quenron (QPP) but it has now withdrawn its forecsats, buy stance and target price. In a note packed with red flag alerts it says its stance is “under review”. As I explained here the other day that means SELL!  The note reads:

Naibu: Even House Broker Daniel Stewart Gives Up, forecasts, stance, targets all suspended

Published 1033 days ago

Daniel Stewart earns £6,250 + VAT pcm for being Nomad and broker to China fraud Naibu (NBU) – it needs the cash. But its latest note from respected analyst Simon “Wincey” Willis shows that even it has had enough. All forecasts, recommendation and target price have been withdrawn. It seems that even Daniel Stewart is alarmed by this total joke for reasons I explained yesterday HERE.

The Fraud Naibu lies again – you could not make this up (but Daniel Stewart believes it)

Published 1033 days ago

The China fraud Naibu (NBU) has today served up a ghastly profits warning but it gets better – it has now changed its excuse as to why a company supposedly drowning in cash has had to scrap its dividend. But Nomad Daniel Stewart, the specialist in floating China frauds, has signed off on the ludicrous statement so that is alright then. Another £6,250 pcm retainer saved for Daniel Cesspit. Ching. Ching. Coke and hokkers all round.

African Minerals – Kerching for the Bears it’s tits up time at no-one is watching O’Clock

Published 1037 days ago

Given the heaps of abuse I took for calling this one as a nil (that is to say worth 0p) HERE and HERE and several other times on BearCast, I may be forgiven for having a celebratory ouzo today as African Minerals appears to have bitten the dust. Needless to say “its tits up time” was announced at no-one is watching O’Clock , 5.36 PM.

The Questions that Remain for Quindell & its disgusting Nomad Cenkos

Published 1038 days ago

Quindell is a fraud. It has lied to investors and since it never generates cash it is worth 0p.  Right now the shares are 49p – and falling – and in today’s BearCast I explain why the fall to 0p might be steady or dramatic. But for now we pretend that with Rob Terry on the board it is a normal business. This is a pretence and needs to be addressed. Here are ten questions hapless shareholders need to be asking.

Insider Dealing added to Rob Terry’s Rap Sheet – Canaccord quits Quindell: Terry going to prison, Quindell to 0p

Published 1040 days ago

Rob Terry you are a liar, a fraudster and now I also accuse you of insider dealing. I shall not rest until you go to prison you low life vermin criminal. For today we discovered that you and your FD Laurence Moorse and NED Steve Scott sold vast numbers of Quindell shares while withholding price sensitive information – that Canaccord, your joint broker and sponsor of your failed main market listing application had quit.

Tom Winnifrith BearCast Special - Quindell cash Crisis, The Sunday Times - Suspension Monday?

Published 1041 days ago

The Sunday Times has today unearthed evidence of the cash crisis at Quindell (QPP). Listeners to bearcasts here will not be suprised by this news. So what does Quindell do now? Will the sad excuse of a Nomad that is Cenkos let it respond or must the shares be suspended at once. In an angry and hard hitting podcast I lay out what lies ahead as the shit hits the fan and the shares become worthless. 0p is in sight. Events are now moving at light speed, the word "vindication" is on my lips.

Reader Poll – when will Quindell hit 0p/have shares suspended?

Published 1042 days ago

In March this company was capitalised at almost £3 billion, Quenron (QPP) was – according to fraudster Rob Terry – heading for the FTSE 100.  Today, at 68.5p, it is valued at less than £300 million and surely the end is nigh. So when do our readers think that Quenron shares will be suspended and/or hit 0p. The deadline for voting is midnight Sunday.

Quindell - can it be saved like The Innovation Group? A Bearcast Special with Tom Winnifrith

Published 1044 days ago

The default position of Quindell (QPP) bulls is that in a worst case scenario it can be saved as was the Innovation Group (TIG) when the fraudster Rob Terry exits stage left. They might not get all their cash back but they would not lose everything. In this podcast, I examine this proposition and conclude that it is rather different this tme and hence why 0p is the only end game for Quenron. 

EXPLOSIVE: Quindell the end game, when & why it hits 0p - Tom Winnifrith video presentation

Published 1046 days ago

Recorded at the ShareProphets seminar on Monday 10th November 2014 The Sheriff of AIM explains when and why the fraud that is Quindell (QPP) will go tits up causing investors to lose 100%. It is all pretty straightforward as frauds go.

Tom Winnifrith's Saturday BearCast 8 November

Published 1049 days ago

A few interweb problems here in Eire, so I have nipped up to Darina Allen's Ballymaloe house to book supper for tonight - a mega culinary treat for the Mrs and myself and to upload another hard hitting recording. On the agenda is Quindell and how soon its shares could be suspended for the Equities First Holdings LLC farce. Also a discussion of the whole issue of suspension and where the AIM casino will go post this scandal. There are some hard questions here for many. Then I also look at African Minerals (target price 0p).

Tom Winnifrith's BearCast for 7 November

Published 1050 days ago

I have only just driven across Ireland and arrived at Ballymaloe to record this but there is plenty to discuss in this hard hitting podcast. Oh yes it is very hard hitting indeed. On the agenda: Quindell (end game, a new whistleblower and new frauds emerging) and Cenkos (lies), Coms ( a bombshell revealed), Radiant Growth, China frauds and Daniel Stewart, Sefton, APR Energy (political risk generally) and African Minerals (vindication and 0p on the cards). Ouch, its stinging all round.

Fraudbuster John Hempton of Bronte has words of encouragement for Quindell Morons as he warns target price is 0p

Published 1054 days ago

As the stench of death gets ever more ghastly at Quenron (QPP) it seems that every new day this corpse in waiting attracts the attention of a new celebrity bear raider. A couple of weeks ago Muddy Waters chipped in. Today it is the legendary John Hempton of Bronte Capital who has been tweeting words of “encouragement” to the morons. That is before he warns that the shares are going to 0p.

Reader Poll – The race to 0p or suspension results – a three horse race

Published 1054 days ago

At the weekend we asked you which of the most worthless POS and in some cases fraudulent stocks on the AIM Casino would be the first to go to 0p or be suspended. It ended up as a three horse race with all three front runners having just one thing in common – the involvement of Daniel Stewart, always a red flag.

Quindell - a fraud which has never & will never generate a cent of cash & is worth 0p - full Tom Winnifrith video

Published 1070 days ago

On Monday night I gave a 40 minute presentation in Clerkenwell in which I showed the frauds Quindell (QPP) has perpetrated, demonstrated why - despite what it says - it has never and will never generate cash and so why its shares are worth 0p. I defy anyone to explain any factual errors in this presentation. The video of that presentation is below.

Quindell Legal Services – More Red Flags Vicar? Part 2

Published 1072 days ago

The video of my presentation “Quindell, how it has committed accounting fraud, has not generated a cent of cash despite what it claims and why it is worth 0p” should now appear tomorrow. Pro tem here is part 2 of the Quindell Legal Services – More Red Flags Vicar series. QLS served up so many Red Flags it needs two articles. Part One can be found HERE. Now moving on.

Quindell Red Flags on Overload as Maine Finance Ltd files its annual report

Published 1074 days ago

This came onto my desk yesterday and is a true horror story (unless you are a bear).  Of all of the stinking Quenron subsidiary accounts to emerge so far this is arguably the one that stinks the most. But I still have plenty more to go through so I will not award the “stinkiest Quenron subsidiary accounts 2013” title just yet. I covered the POS that is Maine Finance Ltd in a preliminary way yesterday night in a 40 minute presentation showing clearly that Quindell was a fraud and worth 0p. The video of that talk and accompanying slides will go live within 36 hours and the 2 PLC FDs in the room were horrified by what they heard. But back to Maine Finance Limited.

Quindell Trading Statement – Folks are starting to see what Bullshit it all is

Published 1075 days ago

Quite simply I have never read such complete and utter bollocks in my life. As I write Quenron (QPP) shares are down by a couple of pence at 151p. That is despite it issuing a trading statement which was meant to appear extraordinarily upbeat. In the old days the stock would have jumped by 20% on this sort of bull. But these days investors seem to be waking up to the fact that it does not add up, that the company is talking patent bollocks and that the cash situation is clearly critical. Chuck in the Red Flags from subsidiary accounts which are landing thick and fast and this one is now in a a rapid spiral towards death.

Reader Post of the Day - 42 on the Quindell Trading Statement

Published 1075 days ago

I know who poster 42 is and he knows more about Quenron (QPP) than any analyst currently covering the stock in the City. His comment on the trading statement today is bang on the money (or rather lack of it). I shall post my own thoughts later once I have gone through a couple more bogus subsidiary accounts. 42 writes:

Quindell Legal Services – More Red Flags Vicar? Part 1

Published 1076 days ago

And so Quindell Legal Services, the biggest part of the Quenron Group (QPP) has filed its accounts. Also of interest is the fact that it filed two annual returns for last year. Would Quindell care to deny that it had a spot of bother with its capital adequacy forms filled in with the FCA? That might explain a few of the red flags but not all.

Quindell & Compass Costs: the numbers do not add up and this stinks: the worst filing yet – FCA problems now looming?

Published 1076 days ago

The Quenron (QPP) subsidiary accounts are now landing thick and fast at Companies House and I am ploughing through them but have unearthed the stinkiest yet – Compass Costs. The numbers stated are different in different places, there is revenue missing and there is a curious dividend paid. It stinks to high heaven and since Compass is part of an FCA regulated entity (Quindell Legal Services of which more later) this is certain to attract FCA attention.

EXPLOSIVE: 360GlobalNet Accounts out – Quindell shown to have bought Shit Company, issued shares to itself & dumped them and lied to investors

Published 1083 days ago

At last the accounts of Quenron (QPP) subsidiaries are starting to emerge at Companies House and you can see why Rob Terry and his FD Laurence Moorse were so tardy in filing because they are a true can of worms. The first which has arrived is 360GlobalNet Ltd which is 60% owned by Quindell and this stinks to high heaven. Even the pathetic QPPSAG must surely now be hearing the alarming bells ringing? Or perhaps they all have Industrial deafness. 

African Minerals – Target Price 0p says Evil Knievil

Published 1088 days ago

I have made it clear that I believe that even without an escalation of Ebola, the balance sheet weakness of African Minerals (AMI), the debt laden POS AIM Casino listed miner founded by convicted heroin dealer Frank Timis, will be its undoing. Today the company tried to put the best possible spin on pretty dismal interim results.

China Chaintek interims – this stinks of Norfolk too

Published 1096 days ago

From the team that brought you Naibu (NBU) we also have China Chaintek (CTEK) which released its interims today and it goes without saying that they do not stack up either. My target price for the shares is 1p (the value of the cash dividend on offer) but since it will probably be the last when the stock goes ex my target price will be slashed to 0p.

The Naibu Norfolk – house broker slashes target price by 75% and rates as a “corporate hold” – nonsensical note

Published 1106 days ago

I feel rather sorry for my old pal Simon “Wincey” Willis the analyst at Daniel Stewart, house broker and Nomad to Chinese Norfolk Naibu (NBU) as he has been forced this morning to publish a note that he knows is nonsensical.

ShareProphets

About ShareProphetsTerms of ServiceForgot My Password
Contact UsPrivacy PolicyForgot My Username
Advertise With UsCookie PolicyResend Account Validation Token
Send Us A Tip

Data by ADVFN / Site by Everywhen /