Results

Metal Tiger – “exciting possibilities” from Botswanan electromagnetic survey

Published 4 hours ago

Metal Tiger (MTR) has updated on a preliminary interpretation of airborne electromagnetic geophysics data collected along 50km of the T3 Dome – a largely unexplored structure, where the company’s Botswana joint venture discovered the copper-silver deposit ‘T3’ last year.

Table of shorted AIM shares - week to 21/07/2017

Published 5 hours ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

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

Published 4 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..

AIM-China Grand Group – oh dear, now the Chairman walks. Get out!

Published 5 days ago

AIM-China investment company Grand Group (GIPO) has announced the departure of its Chairman. It may not formally be one of our Filthy Forty, but it sure is doing its best to make the grade.

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

Published 5 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.

See you in Court Bitchez Odd one out Contest

Published 6 days ago

Okay this is easy as pie. I bring you a dodgy bubble, a disgraced share ramper, the King of the fraudsters, lyin' Chris, the head of a formerly AIM listed POS where 1/6 of the staff were family members and Jimmyliar himself. Which is the odd one out and why? Post your answers in the comments section below with a deadline of 7 AM Monday Morning.

AIM-China Grand Group – anything to see?

Published 6 days ago

I’ve covered AIM-China Grand Group (GIPO) a couple of times already but there is something fishy about the share price movement over the last few days. Surely even Marcus Stuttard’s oxyorons at AIM Regulation will view what follows with some interest. Remember, the company claims to have about £25 million of cash as a cash shell and the market closed on Friday with the company worth just £2 million.

African Potash - will the fraud be thrown off NEX on Monday or will the establishment bend the rules for Lord Hain of Sleaze?

Published 7 days ago

To be thrown off one market because your adviser tired of signing off on lies is understandable, if you are a fucktard in AIM Regulation who does not care about fraud. But, to paraphrase my fellow Anglo Irishman Mr Wilde, to be thrown off two markets for that reason looks like carelessness. And that brings us to the fraud African Potash (AFPO).

Stuttard’s Septic Seven July update: when will it be two?

Published 7 days ago

Oh boy, it’s time to revisit Marcus Stuttard’s Septic Seven and we have yet another suspension. You will recall that this portfolio of seven diversified stocks from the AIM Casino was chosen for Mr Stuttard so that he might demonstrate his faith is his own regulatory setup at the world’s most successful growth market – but with the caveat that all the stocks selected had been Red Flagged but were still trading. In the week that the LSE washed its hands of any responsibility for fraud it is scores of the doors time, after not quite 10 months.

Table of shorted AIM shares - week to 14/07/2017

Published 7 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

AIM-China Grand Group – after the shares fall at last an update

Published 9 days ago

AIM-China play Grand Group (GIPO) may not be of the filthy forty for listing too late, but the share price has been telling you something, given the massive discount to cash on offer. I said on Monday that a statement was needed as the shares again collapsed. Today (at last) it has obliged.

UK Oil & Gas, the untrue RNS and a Nomad with no balls & not fit for purpose: WH Ireland

Published 9 days ago

Every AIM company must have a Nominated Adviser, a NOMAD, to retain its listing. A Nomad is an FCA regulated financial adviser which charges an arm and a leg as a retainer to ensure that every RNS issued is 1005 accurate and that the company also complies with all the other AIM Rules. Not, as the LSE has made clear, that there is any downside in breaking all the rules or telling outright lies. That brings us to UK Oil & Gas (UKOG).

Frontera – new Broker must mean placing ahoy

Published 9 days ago

AIM-listed Frontera (FRR) has announced the appointment of WH Ireland (WHI) as broker to the company. I’m sure they will be very happy together, but in the wake of a series of loan conversions to wipe out debt you might wonder if it is placing ahoy. The good news is that they even tell us that it is!

SHOCKING: London Stock Exchange: Fraud on AIM is nothing to do with us, nothing we can ( or will) do about it!

Published 9 days ago

The AIM casino has hosted the London stockmarket's biggest fraud for almost 40 years (Quindell) and a raft of smaller frauds in recent years. One might almost say that fraud is endemic. Yet, in a consultation paper published this week, the London Stock Exchange (LSE) has insisted that it is not within the remit of its own AIM Regulation department to tackle fraud or indeed do anything about it. This shows a complete contempt for investors - we bank the fees, you bank the losses.

Parallel Media – update at no-one-is-watching o’clock: how do you lose 33% of the company?

Published 10 days ago

Last night at no-one-is-watching o’clock AIM-listed Parallel Media (PAA) slipped out a correction to its major shareholders listed in the recent full-year results for 2016. Actually, it was a major correction: 33% of the company!

Frontera – Directorate Changes: RNS Translation Service

Published 11 days ago

AIM-listed Frontera Resources (FRR) has announced that Steve C Nicandros is to relinquish his executive role as CEO but remains at non-executive chairman. After 21 years of service it is natural to look back and talk about the highlights, so the ShareProphets RNS Translation Team has been busy with today’s quote from Mr Nicandros. Original is in bold.

Milestone Group Plc – is Para & Co (UK) Ltd good for the money?

Published 12 days ago

This morning AIM uber dog Milestone (MSG) announced that a new investor, Para & Co (UK) Ltd, was providing a cash advance of up to £400,000 of cash via a convertible loan note as part of a total capital raise of up to £1.5 million for a maximum interest of 29.9% at a price of 0.29 pence per share. Nigel covered this earlier here but let's dig further into the affairs of this new investor. 

AIM-China Grand Group – shares collapsing, statement needed

Published 12 days ago

AIM-listed Chinese play Grand Group (GIPO) has had something of a chequered history even by the standards set by the Filthy Forty. It didn’t get in because it listed too late, but that hasn’t stopped the comparisons. It listed at 80p in January 2015 yet there appears to be a rush for the exit today, with the stock off by 32% at just 9.75p.

Strange Goings on at Milestone Group – funds in the door at .29p vs 0.14p prevailing

Published 12 days ago

AIM-listed Milestone Group (MSG) has had a colourful history recently when it comes to raising money. There was the cash which didn’t arrive which the company ‘fessed up to rather late in the day. There was an RNS dated 3 August last year which announced a placing which was already announced in the company’s Interims in June 2016. Now we have a new investor ponying up £1.5 million at 0.29p against a share price of 0.14p when the company was surely running on fumes.

The dubious modus operandi of MySQUAR boss Erik Schaer part 2

Published 12 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. Earlier toady we ran a piece which exposed the dirty business practices of Schaer when he used to operate in the USA, as you can see HERE. Now for part two which shows what an A grade shyster the man is, another reason to exit this stock ASAP before it goes tits up.

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

Published 12 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?

If all else fails - buy a lithium licence! The "business plan" for AIM joke Arian Silver

Published 13 days ago

When a tiny AIM company suddenly becomes popular all over Twitter and the bulletin boards, and without any real news to justify that sudden attention, then you have to question why it is happening.

ShareProphets China AIM 'Filthy Forty' update – the frauds scrambling to get 2016 results out in time edition

Published 13 days ago

Since our previous update, most of the remaining ShareProphets China AIM 'Filthy Forty' companies have been scrambling to get results out in time, two further have been suspended and another (MoneySwap) has been booted off the AIM Casino - to follow the likes of Geong International and co in 'Geong, Geong' and then Gone...

Table of shorted AIM shares - week to 07/07/2017

Published 14 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

China New Energy – AGM confirms placing fears

Published 15 days ago

ShareProphets AIM-China Filthy Forty play China New Energy announced its AGM today. As I suspected HERE the company’s full year results revealed a bit of a need for cash and the AGM notice (HERE) confirms that the company is leaving the door wide open on that score.

Tom Winnifrith Bearcast: We 3 crooks of the AIM are, stealing money we travel so far..

Published 16 days ago

The Mrs goes back to work tomorrow after her maternity leave. So as of Friday i am dealing with nappy shit not AIM shit as my primary job. But Bearcast will return every day in September. Today the Mrs is out with Joshua so I am bored and have a lot to say. I start with MichaelMouse an ADVFN Bulletin Board moron committing market abuse as he shows he understands nothing - he really is a Mickey Mouse figure.. I have harsh words about Telit (TCM) and TrakM8 (TRAK) in that section. Then it is onto what "Strategic Review" means in plain English, ref Entu (ENTU). Finally to the meat of the podcast covering Mercantile Ports & Logistics (MPL), its fellow FRAUD Redcentric (RCN) and the worthless crap Magnolia (MAGP) and what it says about AIM and the failed Nomad system that Messrs Gandhi, Fisher and not so lovely Rita have not been fired. Warning: this bearcast contains some strong language and phrases of a sexual nature. 

MySQUAR – three questions it cannot or will not answer

Published 16 days ago

After tearing apart this week's bogus trading statement from MySquar (MYSQ) HERE and HERE, the AIM listed POS has tried to pop up its falling share price today with another piece of PR non news. We can address that later but first I have three more questions that it can't and won't answer.

Cantor Fitzgerald, are you sweating yet over the African Potash fraud on your watch... tick tock

Published 17 days ago

Of course Cantor Fitzgerald is so large that it could afford to compensate all of the 70 or more investors working with Peter Petyt and this website to try to recover losses from the African Potash (AFPO) fraud. But the publicity of a case would be hugely embarrassing so sordid would be the revelations. Anyhow just 10 days more sweating for Cantor...there is an update from Petyt.

Tern – Statement re Device Authority and an acquisition

Published 18 days ago

AIM listed Tern (TERN) has announced couple of bits of news this morning. The heads of terms for the acquisition of Wyld Research for its flexiOps investee company may or may not be of interest, but for £75,000 (vs £9.8m market cap for Tern) it will be a while before we can judge. In any case, the last share issue Wyld was at £35.97 per share, capitalising it at over £400,000, so £75,000 looks a bit thin. Who knows, maybe it was a bargain – or maybe it was in trouble. Of greater interest is the other announcement, which details a patent valuation for Device Authority.

MySquar - the bollocks trading statement and crazy valuation

Published 18 days ago

AIM ramp de jour MySquar (MYSQ) has today boasted that in the last days of June as daily sales reached $8500 "the business has reached a very significant milestone of achieving run rate operating breakeven". Er..can you smell the red herrings - they are hidden underneath the red flags.

Metal Tiger - 2016 results & “encouraging” 2017 progress - BUY

Published 20 days ago

Metal Tiger (MTR) has announced 2016 results and emphasised “encouraging” progress in the first half of 2017…

Minoan – debt extended, now for the deals?

Published 20 days ago

AIM-listed Minoan (MIN) announced on Friday that it has extended its loan deal with Hillside. So much for that having presented a problem, then! The extension given Minoan another 6 months on the same terms, barring the dropping of the price on 10 million warrants to 8p (from 13p) – perhaps a bit pricey, but the company now has a fairly clear period ahead to capitalise on the Cavo Sidero site, on which it got final clearance as announced on Monday last week.

Parallel Media FY16 Results: The lesson in following BBs hits reality

Published 20 days ago

I was pretty straight back in January  when calling the shares in AIM-listed Parallel Media (PAA) lower. Having headed north from about 16p, people were buying at 48p. With institutional investor Harwood bailing out a couple of days later the shares headed back to 24p (still jolly expensive in my view) but still the madness went on, peaking several time over 30p before the FY16 results were released on Friday. Then reality set in.

Aquatic Foods - now FD walks - who could have thought this was a China fraud? Roll of Shame

Published 21 days ago

Late on Friday, at no-one is watching O'Clock we learned that Po Ling Low had quit as FD of AIM listed China fraud Aquatic Foods (AFG) with immediate effect. Really? It was 5.21 in London so it was 1.12 in the morning in China. Did Po really walk the plank so late in the evening. Clearly that was just another lie from this slam dunk fraud. 

Table of shorted AIM shares - week to 30/06/2017

Published 21 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

TWO new hot share tips at 2 PM TODAY for just £5 - Don't miss out on our next winners!

Published 22 days ago

Our last big call was last Friday urging readers to top up on Minoan (MIN). Within one working day the company had - as we had anticipated - gained Greek planning consent and our readers were 20% ahead. It happens. Those shares are still cheap but what about our next hot share tips? As it happens there is not one but two coming out TODAY

Servision - from bad to worse - 2 profits warnings in less than a month, lying to AIM on June 15, shares crashing but still 100% too high

Published 22 days ago

A couple of weeks ago AIM uber dog Servision (SEV) warned that its calendar 2016 results would be worse than expected. Today we have those numbers and guess what? Not only was that June 15 trading statement a slam dunk lie but we also have a new (lack of) profits warning about 2017. Why the AIM Rule breaching delay in announcing that bad news. It gets worse...

F40 Northwest Investment Group – the investment company which doesn’t invest: FY16 numbers

Published 22 days ago

And so another year passes and ShareProphets AIM-China Filthy Forty investment company which doesn’t invest, Northwest Investment Group (NWIG), racks another year’s loss and still not a single investment. That’ll be six and a half years to the balance sheet date, and 7 to the current date. Meanwhile the £3 million raised is down to….

F40 China New FY16 numbers: headlines good, details are another matter

Published 22 days ago

ShareProphets AIM-China Filthy 40 play China New Energy (CNEL) posted its FY16 numbers this morning. On the face of it a profit of RMB 3.6 million (about £400,000) reads well, but a look at  balance sheet suggests that as ever we are on the cusp of a placing, and what about those receivables?

F40 – All Asia FY16 numbers: way overvalued

Published 22 days ago

I haven’t covered ShareProphets AIM-China Filthy Forty All Asia Asset Capital (AAA) much before its shocking contender for most expensive loan on AIM, but since our list is now only 13 members long, and with an 'interesting' disposal to record now seems as good a time as any to take a peek. And so, with the Chairman pleased to present the results… (and the shares down by 30%)...

China fraud Aquatic Foods – still can’t get the cash out of China, no results = SUSPENDED

Published 23 days ago

Well there’s a thing: ShareProphets AIM-China Filthy Forty stock Aquatic Foods Group (AFG) is still having trouble remitting funds from China resulting in the delay of payments to a number of parties whose assistance is required for the finalisation of the audited accounts. In short, the company can’t pay its bills and the shares have been suspended. 

You may know Tom the fraudbuster but what about the man who makes you money from value investing shares tips - act TODAY!

Published 24 days ago

You may know Tom Winnifrith as the man who exposes fraud on AIM and gets a stack of death threats and lawyers letters for his troubles. Just on Tuesday he has published a massive exclusive on Quindell, the biggest London stockmarket fraud for 30 years, and a con the regulators thanked him for exposing. That breaking news is HERE.

Grand Group: FY16 numbers a fitting tribute for a F40 wannabe, or a straight buy?

Published 24 days ago

Grand Group never made the ShareProphets AIM-China Filthy Forty. It was nothing to do with qualifying, it just arrived on the Casino too late. But listing in January 2015 at 80p to give it a market capitalisation of £27 million it is now worth just £4.8 million. Ouch!

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

Published 25 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 25 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 26 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!

Table of shorted AIM shares - week to 23/06/2017

Published 28 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Naibu – SHOCKER filthy forty update and litigation news. Who's in the frame?

Published 30 days ago

Out of the blue this morning, we have had an update from ShareProphets AIM-China Filthy Forty Naibu. This was an obvious fraud and delisted in 2015 when the money stopped flowing and Houyan Lin disappeared. But the board decided to stand up to be counted. They may have been taken in and signed off on all sorts of lies, but they have been pursuing the case and today have also announced that viable legal causes of action look to exist to go after certain of the various professional advisers who were involved at the time of the flotation.

CyanConnode – Beaufort marks down to an "ex corporate" hold - does that mean sell?

Published 31 days ago

AIM-listed CyanConnode – Cyan to its friends – (CYAN) again looks set for a fair ride the wrong way after Beaufort Securities drew the red pen to its speculative buy note. It is now flat – a plain hold – which to normal people means sell. Of course, Beaufort was until recently a broker to the company, but that obviously has nothing to do with it. Beaufort states:

Advanced Oncotherapy – another death spiral conversion as the company admits it is looking for alternatives

Published 31 days ago

AIM-listed Advanced Oncotherapy (AVO) has announced the latest death spiral on steroids conversion by Bracknor: £400,000 into 1.6 million shares. But with the shares sitting a country mile below the 25p nominal price they have to pay £190,000 back. That works out as 11.875p per share and thus means that Bracknor gets its new confetti at just (effectively) 13.125p. Not bad, bearing in mind that the lowest daily VWAP came in at 15.79p.

Milestone - another bailout placing ahoy from the AIM Rule Breakers

Published 32 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.

Ariana – Placing/Subscription/Director Participation, £2m at 1.3p- did I goof?

Published 32 days ago

Well that solves that: a big placing and a very disappointing 1.3p price tag to boot. So what to do now? 

Are we starting to see the revenge of the exploited AIM private investor? Or are they being double duped

Published 32 days ago

Few, other than the clowns such as Marcus Stuttard at the LSE, can argue against AIM having delivered absolutely dreadful returns for investors. Since its launch the AIM Index is down by 5.4% (dividends included). The FTSE 100 has doubled over the same period and the FTSE Small Cap Index is 250% ahead. Actually the numbers are even worse. Strip out a handful of massive winners like ASOS and Domino's Pizza and the AIM Index is into double digit losses. But are private investors who have born the brunt of this wealth destruction now getting revenge with spate of attempted boardroom purges? Yes and No.

Fusionex - last day to sell, Nomad quits, homophobic ADVFN moron J777J19 have fun!

Published 32 days ago

As I had suggested might happen several times, Nomad Stifel has resigned the Fusionex (FXI) account. It could not wait for the AIM delisting on the 26th. Instead it gave notice after hours yesterday that it was quitting as Nomad and Broker with effect from 5PM today. Hooray.Game over.

Fusionex shares up 55% at 61p - WTF? Fear not

Published 33 days ago

In seven days time shares in Fusionex (FXI) the drowning in red flags tech company from the Norfolk province of Malaysia will be delisted from the AIM Casino. Yet the shares are up by 55% today at 61.5p. WTF?

Servision and that breach of AIM rules with the delayed (lack of) profits warning - is it even worse that we thought?

Published 33 days ago

I have been deeply troubled by the most recent lack of profits warning from AIM listed worthless POS Servision (SEV). My initial view, expressed HERE, is that in not admitting to order slippage from December for almost six months it had committed a massive breach of AIM Rules regarding timely disclosure of price sensitive news. But I fear it may be far worse than that.

Winner of the Bulletin Board Moron of the Week contest - sponsored by Jim Mellon's Diabetic Boot Company

Published 33 days ago

Our nominations usually come from LSE.co.uk, ADVFN.co.uk, III.co.uk, and sometimes the FT. But this is the first time that our winner comes from the world of academia. And no, the author is not Tom's sociology lecturing Mrs

New Bulletin Board Moron of the Week contest - sponsored by Jim Mellon's Diabetic Boot Company

Published 34 days ago

We're looking for exemplary examples of sheer stupidity from those founts of brilliance; LSE.co.uk, III.co.uk and ADVFN.co.uk. Perhaps if they need a guiding light they might care to look at life inside the basket case that is Jim Mellon's Diabetic Boot Company, as sponsored by most of the other AIM companies Jim runs as Cynical Bear pointed out HERE.  The deadline to post your entries in the comments section below is midnight, Sunday 18 June.

Stuttard’s Septic Seven – June Update: and then there were just three

Published 34 days ago

It is five weeks since our last update on the portfolio of seven AIM stocks selected for Marcus Stuttard, the sham sheriff of AIM, to put his money into to show his faith in the system of regulation last September. As you will recall, these were all companies which we had Red Flagged but about which AIM Regulation had done nothing. Last month the losses were 61.7% in about 8 months.

African Potash - like Dracula, seemingly unkillable but in the end...

Published 35 days ago

You would have thought that having not one but two advisers resign because they would not sign off on its lies, being out of cash, having its shares suspended on NEX after being slung off AIM would be enough to kill African Potash (AFPO). But it appears that the holy water, the garlic, the silver crucifix, the stake through the heart and all the other tools in Van Helsing's bag are not enough. But remember, in the end the Count will die.

Table of shorted AIM shares - week to 16/06/2017

Published 35 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Sylvania Platinum looks to offer great long term value

Published 35 days ago

As long as there is nothing fundamentally wrong with the company itself, then with any leveraged play on commodity prices, which is basically what many producers are, the time to be buying is when the price of the underlying commodity is near the bottom of a cycle. It is usually hard to judge exactly where the bottom is going to be but, when it comes to platinum, I think we are nearing that area.

Fisking The Times & Standard Life as AIM is lambasted

Published 36 days ago

The Times yesterday ran an article "Investors take aim at LSE’s mistrusted upstart - Stock exchange defends Alternative Investment Market but its critics are losing patience", which it painted as a major attack on AIM. In fact it appears to have found one new critic - Standard Life - which, having done its conkers on Fusionex (FXI) because its fund managers knew better than our writers here who issued repeated warnings, now seems to think AIM has a problem. On which fucking planet has Standard Life been for the past ten years?

Fusionex - votes to delist: shares now 33p to sell - worthless:: CEO Teh talks horseshit, has Nomad quit?

Published 37 days ago

Surprise surprise shareholders in Fusionex (FXI) voted to delist the shares from AIM. Management and stooges had the vote sown up anyway so won 85% to 15%. The shares will cease trading on 26 June. CEO Ivan Teh must have really pissed off the owners of 5.4 million shares who voted against.

Servision - (lack of) profits warning and surely market abuse & breach of AM Rules?

Published 37 days ago

Servision (SEV) the AIM listed POS has today slipped out a horrible calendar 2016 profits warning but the fact that it has waited five and a half months to do so is surely market abuse. AIM Regulations state that price sensitive information must be anounced as soon as it is known. How on earth can the company's hapless Nomad, Allenby, tolerate this state of play? Or does it not care as long as it is paid?

Mercantile Ports - before we turn to dire results today, more on this zero in waiting

Published 39 days ago

Mercantile Ports & Logistics (MPL) has served up dismal numbers & pathetic excuses today and its shares have slumped to a pitiful 5.625p. My target remains 0p as it was in this expose a few months ago. I will turn to the results later but before then...

Nektan: CEO quits – Daily Mail readers have had a bad week!

Published 42 days ago

No great surprise that Nektan’s (NKTN) CEO, Leigh Nissim, has announced his resignation this week as it must be a challenging and dispiriting role, although one I do wonder when he actually started looking as he’s been in the role for less than a year. It leaves me though with me with a sinking feeling about the PR machines at play at this end of AIM and must also leave Daily Mail readers fuming.

Table of shorted AIM shares - week to 09/06/2017

Published 42 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Tom Winnifrith General Election ffing disaster Bearcast Part 2 - the real economy, stockmarket and forex impact

Published 43 days ago

In part one of this two part bearcast I looked at the political ramifications of last night's disaster. Now in this podcast I look at the implications for the real economy, for sterling, for the housing market and for the stockmarket from FTSE 100 stocks down to AIM.

Some might think Oilex looks cheap - it isn't!

Published 45 days ago

Oilex (OEX) took a big hit to its share price this week following news of an unsuccessful workover at two of its oil wells, and it is hard to see how the company is going to turn things around.

When were laws on usury abolished: Alecto Minerals - the most expensive loan in AIM history?

Published 45 days ago

If it is not it is close. Alecto Minerals (ALO) shares in which are expected to resume trading on AIM has announced that it has secured a £800,000 loan repayable in six months for £800,000. But look at the terms. They are outrageous.

Fusionex: Sell while It’s still possible but I've bought Petrofac

Published 49 days ago

I certainly don’t condone bribery but I can understand why Ayman Asfari and Marwan Chedid, CEO and former COO of Petrofac (PFC) might be feeling a little hard done by, having been arrested by the Serious Fraud Office and seeing the company’s value plunge by £1.5 billion, as an investigation is launched into its dealings with shadowy Monaco-based “agent” Unaoil.

Table of shorted AIM shares - week to 02/06/2017

Published 49 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

ShareProphets China AIM 'Filthy Forty' update – EGM approval for MoneySwap to next de-list edition

Published 50 days ago

Since our previous update, another ShareProphets China AIM 'Filthy Forty' company in MoneySwap (SWAP) has seen EGM approval for AIM cancellation - to follow the likes of Geong International and co in 'Geong, Geong' and then Gone...

Magnolia Petroleum - sack the board!

Published 50 days ago

It really does not make any difference who is steering the Titanic once its hit the iceberg. Its going down. Actually that is a poor image for Magnolia Petroleum (MAGP) - think of a rubber dinghy holed in multiple places and weighed down with a crew who are both heavy - thanks to their grotesque pay over many years - and inept. I am not sure what good it would do firing Rita Whittingham and colleagues as this company will never generate a cent in free cashflow and its balance sheet is a wreck. However...

Crowdfunding appeal launched to take Jason Drummond & Nilesh Jagatia of Teathers infamy to court over Purple Lounge & Media Corp

Published 52 days ago

A crowdfunding appeal has been launched to take Jason Drummond & Nilesh Jagatia of Teathers (TEA) infamy to the High Court over a previous debacle Purple Lounge & AIM listed (now bust) Media Corp. It is claimed that investors were misled and also that client funds at Purple Lounge went missing. The allegations, and at this stage they are allegations, are very serious indeed.

Malay Junk Fusionex - to end the AIM farce - RNS at no-one is watching a clock - as £55 million of UK cash goes up in smoke

Published 55 days ago

At 5.30 PM on the Friday before the bank holiday, no-one is watching O'Clock, Fusionex (FXI) said that it was to delist from AIM. The shares closed the day off 2p at 129p but will absolutely crater Tuesday as this stinks as we have warned you so many times - as you can see HERE. Once again we are vindicated and the City pump & promote machine must hang its head in shame.

Market abuse, PCGE, an honest if careless scouse tipster and the sordid underbelly of AIM

Published 55 days ago

Having explained how folks paying up to 0.16p for shares in PGCE fully deserved the rogering they got on Friday after a new media rampfest turned sour I was startled to be told by some professional TW hater "but you tipped it, Doc Holiday said so". Au contraire.

Eden Research Plc – What is really going on with its terpene technology license from UMMS?

Published 55 days ago

AIM Listed fraud Eden Research (EDEN) has bneen shown to have committed FRAUD, has been panned by the FRC and is still under FRC investigation (whatever it says). But there coulde be an even bigger problem. In its AIM admission document Eden explained that an element of its terpene chemistry was licensed as set out below:

Table of shorted AIM shares - week to 26/05/2017

Published 56 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Mysquar Ltd Part 2: Taking liberties with the Truth

Published 56 days ago

I wrote about Mysquar (MYSQ) last week and promised to explain how conflicts of interest and accounting shenanigans make it uninvestable. In the AIM admission document of two years ago it is stated:

Not all our share tips give readers 12 day profits of 77% some take longer - catch next hot tip TODAY for just £5 + the Falanx excitement and will we make another 100% on Obtala

Published 57 days ago

Four times in the past three or four months we have advised our readers to bank big gains on shares we tipped - the one before the one before last was a 77% profit (offer to bid ) in just 12 days. But though we target quick gains, most tips take rather longer to make money for our readers. take Falanx (FLX) we tipped it last year at a 4.75p offer - it is a solid cashed up fast growing cyber security play. We like it so much we own a few shares too but won't be selling any of them till after our readers bank big gains. The shares are now 9.5p -10p! That is a potential 100% offer to bid profit!

Billing Services - another Jim Mellon backed AIM disaster: don't go bottom fishing

Published 57 days ago

Oh dear, this has all the makings of another AIM disaster for my good friend the offshore based asset stripper Jim Mellon. But look on the bright side Jim, you have probably lost far more of your wealth with HK dog Regent Pacific, whose shares continue to tank in an alarming fashion. Anyhow, back to the home grown disaster stories. Shares in Billing Services (BILL) are down again today to 2.875p valuing this company at £8.1 million. that looks awfully generous.

PCGE - valuation crackers

Published 57 days ago

I am innundated with lunatics and spivs tweeting me that shares in PCG Entertainment (PCGE) are cheap. It is the ramp de jour among the Bulletin Board lunatics. But at 0.15p the valuation is bonkers. Let me explain.

Servision – great news for Cynical Bear’s Sub-Standard Shockers XI

Published 57 days ago

You really do have to feel sorry for Cynical Bear. One minute he has a fully fit squad to choose from and then one by one they drop like flies, either with fitness issues or just simply keel over. I’d been getting a bit concerned that he’d struggle to put out a full team, but out of the blue there is good news for him. No need to turn to the back pages of the tabloid press for the big stories of sporting drama, we have it all here at ShareProphets: AIM-listed Servision (SEV) is to put in a transfer request. 

Arian Silver: Pump & Dump, Mislead Investors, Executive Greed - why do I bother?

Published 58 days ago

A chap for whom I have some time some of the time asked me why bother sticking it to Arian Silver (AGQ), a worthless piece of crap on AIM. Will it make any difference to the charade, to the game which sees userless tossers like Arian's CEO Jim Williams get ever richer, crony capitalists earn fat fees and investors get buggered again and again and again. No. My writings won't change that. And the chap is right in that it will just make a few more pathetic wretches who would rather lose money than accept the truth hate me. Yup. He is right. 

Cloudbuy – last chance saloon as final tranche of funding is drawn, and a partial truth

Published 58 days ago

Sadly it looks as though AIM-listed Cloudbuy is entering the final chapter of its life as the last tranche of funding from white knight investor Roberto Sella has been drawn. The implied cash-burn suggests that in the absence of big-time delivery of revenues (something oft-promised, but never delivered so far) a crunch looms.

SCANDAL: Redx Pharma – goes tits up & blames thieving scousers, just 3 months after raising £12m

Published 58 days ago

It seems to be perfectly acceptable for companies on the Casino to complete fundraisings inadequate to see them solvent. Yesterday at 4.22pm shares in AIM-listed Redx Pharma (REDX) were suspended “pending an announcement” by AIM Regulation (the RNS following at 4.35pm – bit of a rush there fellas?) At no-one-is-watching o’clock (6.35pm: after-after-hours) the company announced that administrators had been appointed - just 3 months after the company had apparently raised £12 million in a placing and open offer. Coke and hookers all round for the Nomad and Brokers concerned. Stale bread and water for those sold this particular pup.

Advanced Oncotherapy – just what are the terms of the Bracknor funding?

Published 59 days ago

AIM-listed Advanced Oncotherapy (AVO) has this morning announced another conversion of death-spiral loan notes by Bracknor. That is not news – there have been plenty already and there are many more to come. But for the third time in succession we seem to have different terms being applied. Surely it is time for the company to tell the market what is going on?

Andalas raises £600,000 - which means net cash is less than ZERO - it's still bust & worthless

Published 60 days ago

With some great investigative journalism of which this website would have been proud, Brokerman Dan flushed it out a few weeks ago. The former bank robber - correctly - stated that Andalas (ADL) was looking to raise £1 million at 0.06p and the AIM listed crock of shit suspended its shares. Today they are unsuspended after the company raised £600,000 at 0.1p. It says this is at a premium to the suspension price. But it is a spoof, Andalas is still bust. It is insolvent as of today!

Advanced Oncotherapy – EGM clock ticking again as shares resume slide

Published 60 days ago

I can’t help but notice that in the wake of a couple of Bracknor death-spiral loan note conversions, shares in AIM-listed Advanced Oncotherapy have rather slipped again. Indeed, having scraped onto the 27.5p watermark on Monday last week (and thus avoided an EGM to drop the nominal price of the shares) as the result of spoof boardroom buying, it has been one-way traffic ever since, down to 22.75p last seen.

Filthy Forty Aquatic Foods – problems getting the cash out of PRC? Er…..

Published 60 days ago

Yesterday lunchtime (1pm – the new no-one-is-watching o’clock) ShareProphets AIM-China Filthy Forty purveyor of all things fishy, Aquatics Foods Group (AFG) served up a Q1 trading statement showing broadly flat sales, but rising costs. The really good news is that the cash-pile is even higher than before, at RMB 485 million – c. £54 million, or about five times the market capitalisation. The bad news….

Minoan – acquisition, placing, debt update

Published 61 days ago

AIM-listed travel agent and wannabe Greek holiday resort developer Minoan (MIN) announced a small bolt-on acquisition this morning….and a placing. Oh, and an update on its debt facility due to expire at the end of June. It is disappointing to see a placing (at 9p), but in the general scheme of things it is a relatively small amount so the pill is sugared to some extent.

Is Tom Winnifrith right to out companies doing placings?

Published 61 days ago

The busting of a placing by AIM-listed UK Oil and Gas (UKOG) at 1p by Tom Winnifrith has caused a bit of controversy. It is not the first time he has been accused of being irresponsible by blowing the lid on a placing only for it to be pulled or the price dropped. Anyone left holding the baby gets their fingers burned – in the recent example quite badly if they had been buying into the ramp at north of 1.4p only to see the company raise cash at just 0.8p. Is it right?

Table of shorted AIM shares - week to 19/05/2017

Published 64 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Frontera - Why an AGM BEFORE FY numbers are released? Is the balance sheet really THAT bad?

Published 65 days ago

AIM-listed Frontera (FRR) has rather slipped since I last wrote about it last month HERE and HERE, concluding that it had a gaping black hole in its balance sheet. The shares were then trading at around 0.4p. This afternoon the shares are 0.31p in the middle (last seen) and it has announced its AGM. Just one thing: where are the full year results? The company is trying to raise c. £40 million in cash and loan settlements, and won’t show us the balance sheet? How big a RED FLAG do you want?

Advanced Oncotherapy – another Bracknor Conversion, but look at the terms: how’s the Going Concern statement coming along?

Published 65 days ago

Well, well. How do you issue shares at a discount to par? Simple: pay a whopping fee to the subscriber. AIM-listed Advanced Oncotherapy (AVO) has announced another loan note conversion under its death-spiral funding package with Bracknor and a new fee seems to have appeared which might just derail discussions between the company and its auditor as they work on the going concern statement for the forthcoming FY16 results due out by the end of next month. Oh dear, oh dear.

Advanced Oncotherapy – yet another director ponies up, EGM seemingly avoided and Bracknor converts. Most bizarre

Published 66 days ago

Well this is most bizarre! Lobster-potted Bracknor has converted another lump of its death-spiral loan notes. That, of course, is not a great surprise until you study the detail of yesterday morning’s announcement from AIM-listed Advanced Oncotherapy (AVO), where we discover that the conversion shares have been issued not at the lowest daily volume-weighted average price of the past 15 days (21.35p) as per previously announced conversion terms, but at 25p (par price of the shares). Why has Bracknor elected to pay a 17% premium?

You have to be barking mad to own 16% of MySquar - its official

Published 67 days ago

AIM listed MySquar (MYSQ) is a total rum and coke of a company. It is hard to believe a word it says. The bear community is convinced it will be a zero. But the shares have been ramped to high heaven and helped by a chap called Josh Adams buying a 16% stake through his Imperium vehicle. Josh Adams ...the name rings a bell. Oh that nutter!

Advanced Oncotherapy – a last-ditch effort to avoid an EGM?

Published 68 days ago

Well it looks as though D-day is today after all for the triggering of an EGM to drop the nominal (par) price of AIM-listed Advanced Oncotherapy (AVO) stock so as to allow Bracknor to resume its convert-and-dump operations. With the shares edging a little higher this morning, one is tempted to wonder whether some heavy boardroom buying might be enough to lift the shares back over the 27.5p mark just in the nick of time. But there is a fair way to go, with the stock still 2.25p short of salvation. 

Minoan – still waiting for notice of legal clearance, short-term trading opportunity or avoid?

Published 68 days ago

AIM-listed wannabe holiday resort developer Minoan (MIN) has tested the patience of even the most saintly of saints for years and years. It has a plan to build a resort in northern Crete which has been going through Greek permitting and legal processes which make our own UK planning environment look as nimble as an Olympic gymnast. Of course, the misery has been about to come to an end for years, but perhaps now the green light really is imminent. Is it worth a punt?

Stuttard’s Septic Seven May update: another one bites the dust (Taihua 'where’s the website gone now' plc)

Published 69 days ago

Marcus Stuttard, head of AIM and the oxymorons of AIM Regulation, had a specially selected and beautifully diversified portfolio of AIM stocks chosen by ShareProphets back at the end of last September so that he could demonstrate his faith in the regulatory set-up of the market he runs. Naturally, there was nothing at all wrong with any of the companies picked: they were all trading on the Casino as normal, so we were just plain wrong to be Red Flagging them all for one reason or another.  We were just so, so wrong that……

Eden Research - a Second Request to the FRC to investigate its fraudulent accounts

Published 69 days ago

I asked my very good pals at the Financial Reporting Council, who we know are major fans of my work, to look into the fraudulent accounts of Eden Research (EDEN) for 2011, 2012, 2013, 2014 and 2015 on February 17 2016. Okay 2015 accounts were not out at that point but I was sure they would be fraudulent - they were. Now 2016 accounts for Terpenetech are out we have it again confirmed that the 2015 accounts were crook and 2016 accounts - due within days - will almost certainly be fraudulent. So I have written to the FRC again. The letter follows.

Table of shorted AIM shares - week to 12/05/2017

Published 70 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Advanced Oncotherapy – is it D-Day today, or Monday?

Published 71 days ago

Under its Bracknor death-spiral funding package, AIM-listed Advanced Oncotherapy (AVO) has to call an EGM proposing resolutions to drop the current nominal, or “par”, 25p price of its shares by at least half in the event of 10 consecutive closes below 110% of nominal (ie below 27.5p). But the company has never defined the closing price used: is it mid-price, bid-price, offer-price at close, or perhaps some more convoluted closing daily VWAP (volume weighted average price) calculation? But one thing is for sure, the match is right next to the blue touch-paper. Is it today or Monday, fellas?

ShareProphets China AIM 'Filthy Forty' update – good riddance Taihua edition

Published 73 days ago

Since our previous (March) update, another ShareProphets China AIM 'Filthy Forty' company has followed Geong International and co in 'Geong, Geong' and then Gone...

DiamondCorp – Fat Lady in full flow and an investment lesson

Published 73 days ago

Fair play to (pro tem, albeit currently suspended) DiamondCorp (DCP). The news is bad but at least the company is being plain about it. Of course, we have to throw in the obligatory “you can’t say you were not warned” ShareProphets catchphrase, as the writing has been on the wall for months, but yesterday’s after-hours RNS looks to be the cue for a long and arduous aria.

Well Done Brokerman Dan - Andalas suspended ahead of bucket shop bailout

Published 74 days ago

He gets much wrong, but I take my hat off to the old bank robber as he has got Andalas Energy (ADL) shares suspended today by revealing that it was trying to get away a bailout placing at 0.05p-0.06p. Dan has compared Andalas to " a crock of shit" but his assessment is unfair. Unfair on a crock of shit that is.

Nyota Minerals – mega ramp & joke valuation following discounted, ‘keep the lights on’, placing?!?

Published 74 days ago

Last week Nyota Minerals (NYO) was “pleased to announce” a placing to raise up to approximately £93,880 (approximately Australian$120,000) at 0.02p per share. Despite this thus looking very much a ‘keep the lights on’ raise, the shares have currently reached 0.07p. Hmmm…

Eden – a question from the Deputy Sheriff to m’learned friends of the ShareProphets community

Published 76 days ago

Noting recent coverage of AIM-listed Eden Research (EDEN) and its, ahem, “interesting” funding arrangements with Terpenetech here on ShareProphets I have a question: given that it appears that Eden is the only holder of paid-up shares in Terpenetech, does that not mean that Eden holds the only (currently) valid voting rights? And if that is the case, is not Eden in fact the ultimate controlling party? And if that is the case, should Terpenetech be viewed as a 100% owned and controlled entity of Eden - a subsidiary, therefore, and have to release full audited accounts?

Advanced Oncotherapy – Oh to be a fly on the wall as it discusses Going Concern with auditor. Will it get its accounts out on time?

Published 76 days ago

AIM-listed Advanced Oncotherapy (AVO) has a calendar year-end and as such its six-month deadline to publish accounts falls on 30 June – the end of next month. That means getting an audit done which will involve, amongst other things, agreeing the Going Concern statement. Yesterday’s share price plunge might have more than a small bearing on how conversations go in that regard.

Falanx - placing and trading statement: shares go up! We upgrade (again)

Published 76 days ago

How often do you see a small AIM company raise a good whack of money relative to its market cap (in this case the new shares issued are just under 20% of the enlarged total) and still see its shares go up on the day? Once in a blue moon. Well it has happened with Falanx (FLX), whose shares closed at 7.5p-8p.

Photo Article: Cloudtag - FD walks but don't worry new NED arrives

Published 77 days ago

What's not to like? No Listing after being booted off AIM because no Nomad would sign off on its lies. No product for sale. Almost no cash left. And now the Finance Director of the fraud Cloudtag (CTAG) has quit. More red flags for tea vicar?

Table of shorted AIM shares - week to 05/05/2017

Published 77 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Filthy 40 Taihua - last chance to get out ahead of delisting

Published 78 days ago

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) deslists at the close of play today. If you want to claim your bag of Walkers, now's your last chance - unless you want to take your chances on suggestions of a possible offer from a major shareholder and management coming to fruition at a better price following this weekend's scheduled lethal injection in the basement of Stuttard Towers.

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

Published 78 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….

Photonstar LED – after-hours monster-discount placing. Anything to see here Guv?

Published 79 days ago

AIM-listed Photonstar LED (PSL) was the subject last week, in the wake of a rampfest RNS, of a Steve Moore conclusion of no financials, no cash, avoid. How bang-on-the-(lack of)-money, for last night the company – well after-hours at 5.24pm – announced a massively discounted keep-the-lights-on placing for a paltry £465,000 at an even more paltry 1.25p – vs a 2nd May closing price of 2.85p and yesterday of over 3p. Nice work. Now take a peek at the share price and volume chart of yesterday, courtesy of ADVFN. Surely it could not be that there was mass forward-selling of placing shares between 8am and 3pm?

Advanced Oncotherapy – Uh-oh: Aviva bailing as 25p nominal dam buckles under the strain

Published 80 days ago

Oh dear. Oh dearie me. AIM-listed Advanced Oncotherapy (AVO) has released a TR-1 from institutional investor Aviva showing that it has been dumping shares and went below the disclosable threshold to 2.44% last Friday in terms of its directly held interests. It had a further 0.66% interest via loaned out shares. Meanwhile Advanced Onco shares today fell below the 25p nominal price of its confetti, leaving death-spiral funder Bracknor in a bit of a pickle just five days after ponying up tranche 2 of convertible loans which it can’t convert for less than 25p. Ouch.

Rurelec – less bad news from Argentina, but has auditor Grant Thornton resigned?

Published 81 days ago

AIM-listed Rurelec (RUR) updated the market last Thursday that its currently crocked power generation plant held in its JV Energia Del Sur in Argentina may get fixed rather sooner than first feared – even if the proposed repair sounds a bit of a Heath Robinson affair. Good news. The slightly more disconcerting news is that the Companies House website is showing an Auditor’s Resignation filing as being processed and available in five days.

Eden Research - how long can it hide the Terpenetech Panama Pump fraud? Days...at most

Published 82 days ago

The unravel at AIM listed fraud Eden Research may be just days away. Because, its partner in crime, Terpenetech has until April 30 to file its accounts for the year to 31 July. Normally it files on deadline day. Any delays will be telling. But then so too will the numbers. Its a lose lose for the fraudsters. You will remember how this fraud worked....

Advanced Oncotherapy – looking at the record of the Exec Chairman, Part 5 (final chapter)

Published 83 days ago

The final two pages of listings of AIM-listed Advanced Oncotherapy (AVO) Exec Chairman, Michael Jeffrey Sinclair’s company officer posts on the OpenCorporates.com website add another 27 entities to our previous tally (after ignoring a further 6 double entries) of 113 appointments to bring the total up to 140 jobs in an illustrious career. And so we have the final scores-on-the-doors – as well as an interesting observation.

Golden Saint - now 8,822,256,582 shares in issue after latest bailout placing - what is the AIM shares in issue record?

Published 83 days ago

Another day and another bailout placing from Golden Saint Resources (GSR) leaves it with 8,822,256,582 shares in issue. Floated at 10p, the shares are now 0.02p but how close is it to the record books?

Table of shorted AIM shares - week to 28/04/2017

Published 84 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Advanced Oncotherapy draws second tranche of Bracknor funds but who is paying for what at Harley Street?

Published 85 days ago

AIM-listed Advanced Oncotherapy (AVO) has announced this morning the drawdown of the second tranche of £1.3 million (nominal - £1.235 million after the 5% discount) on its convertible loan note (aka death spiral) package with Bracknor. Good news – the lights will stay on for a few weeks extra. But the second half of the statement is a bit of a puzzle, raising more questions than it seemingly tries to answer.

Advanced Oncotherapy – another spoof from the kings of spoofery as this time Exec Chairman buys

Published 86 days ago

Well that explains it then! Yesterday I noted my amazement that AIM-listed Advanced Oncotherapy (AVO) had issued yet another ramparoonie director share purchase RNS on Tuesday and that the shares had raced back above not only the all-important 27.5p mark, but above 30p. Now we know why: Executive Chairman Dr Michael Sinclair was in the market filling his boots with 200,000 shares  at an average price of 30.44p. Shame he didn’t pile in when the shares were hovering around the 26p mark so as to save himself a few quid.

Oi Concha - Ve Interactive has gone bust where is the RNS?

Published 86 days ago

Naughty naughty naughty. On Tuesday night Ve Interactive, the daft money guzzling new media start up into which Concha (CHA) unwisely invested on a £1 billion valuation went into administration and was at once bought ( one assumes for peanuts) by management and certain existing shareholders. Since Concha has not a lot of cash it is hard to see it being involved. But where is the statement? AIM Rules say something about timely disclosure yet we have had 24 hours with no RNS. Nope make that 36 hours...

Advanced Oncotherapy: looking at the Exec Chairman’s Record – part 4

Published 87 days ago

We are nearly there. Hurrah! The OpenCorporates.com website lists 153 company appointments for a Michael Jeffrey Sinclair spanning some six pages. Today we move into page four to see how the rate of dissolutions looks.

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

Published 87 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 – looking at the Exec Chairman’s record, Part 3

Published 88 days ago

Phew! 153 company directorships to plough through from the career of AIM-listed Advanced Oncotherapy’s Executive Chairman. He sure has been a busy chap. Actually the number is dropping slightly as a few more double entries come up on the OpenCorporates.com website – just as well. Having looked through the first 30 entries on Sunday (29 after sifting out double entries) and the same again yesterday, we come to the next 30 from our search of the career of Dr Michael Jeffrey Sinclair.

Filthy Forty Taihua – shares fall after GM approves delisting, but massive sudden surge today

Published 88 days ago

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) announced last Friday that the EGM called to approve the company’s proposed delisting from the AIM Casino had passed the proposals with the requisite majority. The shares are expected to depart the world’s most successful (but perhaps not for Taihua) growth market first thing on 8 May. In the wake of the announcement – at 4.15pm last Friday, bordering on no-one-is-watching o’clock - the shares again nose-dived, registering a new low of 0.1p on the bid yesterday, but all of a sudden the stock is on the rampage this morning. What is going on?

Advanced Oncotherapy – more spoofery as NED buys yet more shares

Published 88 days ago

AIM-listed Advanced Oncotherapy (AVO) – teetering on the brink of having to call an EGM to reduce its nominal share capital under the terms of its death-spiral funding package with Bracknor – has announced yet another director share purchase, the fourth just this month (if we ignore the botched 7am RNS of 4 April). As ever, this is just a spoof in order to encourage more buying in the market so as to allow Bracknor to offload more of its death-spiral conversion shares as Advanced hopes and prays for the next £1.235 million tranche of funding before the coffers run dry.

Video: Nigel Wray and Tom Winnifrith invest £8000 in two AIM shares to benefit Woodlarks at UK Investor Show 2017

Published 89 days ago

In this video from the storming success that was the 2017 UK Investor Show, Nigel Wray and Tom Winnifrith invest £8000 in two AIM shares to benefit Woodlarks. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

A look at the record of Advanced Oncotherapy's Exec Chairman

Published 90 days ago

AIM-listed Advanced Oncotherapy (AVO) Exec Chairman Dr Michael Jeffrey Sinclair has, according to the OpenCorporates.com website, served as an officer of 155 companies over his illustrious career. With Advanced Onco facing a few issues of cash as it tries to get its Harley Street facility installed and running, it is perhaps worth a gander through this record. Here are the first 29 listed on the OpenCorporates.com website (actually it is 30, but one appears to be a double entry so has been removed).

Table of shorted AIM shares - week to 21/04/2017

Published 91 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

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

Published 93 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!

Cloudbuy – AGM statement: it’s jam tomorrow (honest, this time, guv’!)

Published 95 days ago

AIM-listed Cloudbuy (CBUY) this morning issued an AGM statement which offered yet more jam tomorrow, even more jam next year but the only jam today is the one the company seems to be in.

Advanced Oncotherapy – Bracknor ups the ante, converts £200,000, tick tock to EGM o'clock

Published 95 days ago

This morning AIM-listed Advanced Oncotherapy (AVO) announced another conversion by Bracknor. Having previously converted three lumps of £100,000 of death spiral loans, Bracknor has gone for £200,000 worth this time – but at the lowest price yet, just 26.74p. That leaves things looking decidedly sticky for the company, which got authority to issue Bracknor with enough loan conversion shares based on the assumption of an average loan conversion price of 44p and the associated warrants at 57p.

Hey Filthy Forty MoneySwap and Nomad Allenby, tell us about Wraith Holding BV

Published 96 days ago

Well this is very odd. I just thought I'd look up ShareProphets AIM-China Filthy Forty play MoneySwap's (SWAP) putative white knight rescue financier Wraith Holding BV as announced in recent RNSs on the OpenCorporates.com website. Guess what? It's not there. Can anyone explain?

Stuttard’s Septic Seven April update: Happy Easter Mr Stuttard, you are down 55%!

Published 97 days ago

Obviously the world’s most successful growth market is tightly regulated and supervised by Marcus Stuttard’s oxymorons of AIM Regulation, who seem incapable of applying their own rules. That is why we selected a beautifully diversified portfolio of stocks which we have Red Flagged here on ShareProphets but since Mr Stuttard’s well-oiled regulatory machinery is just so good there must be nothing wrong. Nothing at all…..which is why after 200 days the portfolio is down by 55%. Oops.

Ariana – tip update: production, rising gold, shares down. What?

Published 97 days ago

I suggested that AIM-listed gold (then) explorer and now producer was a buy a couple of months back as we awaited the commencement of production. At the time the spread was 1.7-1.85p per share and they duly headed north as the final bits of paper arrived and the first pour was announced, only for the shares to fall away again. Meanwhile the gold price has been a one-way ticket north. I’m very puzzled - what is going on? With humble apologies for the performance thus far…I still reckon it is a buy and here is why.

Table of shorted AIM shares - week to 13/04/2017

Published 98 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Filthy Forty MoneySwap proposes to delist from Casino after eight months of suspension. So much for AIM Rule 41, Marcus Stuttard.

Published 99 days ago

The ShareProphets AIM-China Filthy Forty is set to have yet another casualty – this time MoneySwap (SWAP) which is proposing to follow Taihua (TAIH) and Jiasen (JSI) out of the back door via a cancellation EGM to become the twenty-seventh Casino delisting. But this will be after almost eight months suspended from trading. Oh Oxymorons at AIM Regulation, whatever happened to AIM Rule 41 which says that execution comes at the end of six months’ suspension? Why don’t you just apply your own rules? Does the AIM Rulebook count for nothing these days?

Advanced Oncotherapy – SPOOF, SPOOF AND SPOOF some more

Published 100 days ago

Under its death spiral funding package with Bracknor, AIM-listed Advanced Oncotherapy (AVO) has to call an EGM to seek shareholder approval to reduce the nominal price of its shares (currently 25p) by at least half if the closing share price is below 110% of nominal (ie 27.5p) for ten consecutive trading days. And that brings us to the latest spoof director share purchase announced this morning (which hasn’t worked: the shares are down 4% last seen this morning).

Frontera - battle lines drawn as JubCap and Waseem Shakoor stick in the knife

Published 101 days ago

It seems that despite bears not being universally popular, I'm not the only one who thinks that AIM-listed Frontera (FRR) is an out and out bargepole stock. In the wake of yesterday's ramparoonie (oops) highly informative RNS, the Twitterspere has seen a few comments - not least of which from Waseem Shakoor and investment house Jub Capital - sticking the knife in.

Frontera – ShareProphets RNS Translation Service as the shares are ramped

Published 101 days ago

Readers will know that I'm far from convinced at the buy case for AIM-listed Frontera (FRR), shares in which have again been on the rampage after what looks like a rampety-ramp RNS yesterday. The ShareProphets RNS Translation Service thought it should chip in...

Advanced Oncotherapy – Bracknor converts again, shares crumbling: when will the EGM be forced? SELL!!!!

Published 102 days ago

AIM-listed Advanced Oncotherapy (AVO) has this morning announced another loan conversion by its white knight death spiral funding provider Bracknor. The lack of liquidity of late makes it hard to imagine that Bracknor is having an easy time offloading. Meanwhile the shares have again slipped and now sit below the threshold at which an EGM to reduce the nominal price of the shares is triggered. Oh dear….

Tip of the year update – Taihua collapseroonie

Published 104 days ago

I think I should rename Deputy Sheriff Towers as Smug Towers. Having offered two sells in the ShareProphets Tipfest for this year, Igas Energy (IGAS) duly crashed to bottom out at 4.5p (I’d been saying sell from 18.5p - last year’s Christmas tipfest, and then 11.625p this year). Last week came the turn of Filthy Forty play Taihua (TAIH) to do the decent thing and collapse in the wake of an entirely squeaky clean suggestion that it delist from the Casino. There’s nothing wrong here at all – move along please, nothing to see……

Table of shorted AIM shares - week to 07/04/2017

Published 104 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Advanced Oncotherapy – Bracknor converts again but is it selling?, can it sell?

Published 106 days ago

AIM-listed Advanced Oncotherapy (AVO) has announced a second conversion of death-spiral loan by Bracknor. As per the first conversion, it is £100,000 (nominal) but this time the conversion price was just 27.89p. Given that the recent EGM gave approval for the company to convert the full package at an average 44p per share that might mean a bit of a headache.

OptiBiotix – good news: successful SkinBioTherapeutics demerger onto AIM

Published 107 days ago

OptiBiotix (OPTI) skin health-focused subsidiary, SkinBioTherapeutics, has successfully listed its shares on AIM. Good news as OptiBiotix still has a near 42% stake…

Advanced Oncotherapy – ANOTHER RNS mess-up!

Published 107 days ago

Following the botched Director Dealings RNS of Tuesday, this afternoon AIM-listed Advanced Oncotherapy has ‘fessed up to another foul-up. This time it refers to an RNS released way back on November 7th last year when the company announced that it had issued 266,668 new shares from the exercise of options at 87.5p per share. Except that it hadn’t.

Minoan – Company Chat at UK Investor Show

Published 107 days ago

One of the advantages of taking a trip to an event such as the sell-out soaraway success that was this year’s UK Investor Show is the opportunity to meet and speak directly to the very people running the companies in which you might invest or already be invested. I took my opportunity to chat with AIM-listed Minoan (MIN) – a share I’ve held for so long I can’t remember when I first bought it.

Filthy Forty Taihua: to delist 7 months post open offer, six weeks post buy-back (when chairman dumped his shares)

Published 108 days ago

Yet another of the ShareProphets AIM-China Filthy Forty is set to depart the Casino – this time it is the turn of Taihua (TAIH), citing “best interests”, which will become the twenty-sixth casualty of our original forty. Yes, folks - the Filthy Forty is officially set to become the Filthy Fourteen.

Advanced Oncotherapy – another SPOOOOOOOOOF and a screwed up RNS: KEEP SELLING

Published 108 days ago

It seems that AIM-listed Advanced Oncotherapy (AVO) is so desperate to get out any good news it can that it rushed out an RNS yesterday morning to notify the market of director buying and got the numbers wrong. Oops. Great work in checking and verifying there by Nomad Stockdale Securities.

Bowleven – ShareProphets RNS Translation Service reviews Termination of Strategic Review

Published 109 days ago

AIM-listed Bowleven (BLVN) has announced the termination of the strategic review initiated by the previously hung board in the wake of the sack-the-board EGM requisitioned by Crown Ocean, before former Chairman Billy Allan departed the scene. The ShareProphets RNS Translation Service has been taking a look (original in bold).

Filthy Forty: Startling news from Asian Growth Properties as shares roof it

Published 110 days ago

Much has happened since I last looked at ShareProphets AIM-China Filthy Forty play Asian Growth Properties (AGP). For a start, shareholders have seen some storming dividends announced – and paid – and this morning the company has announced proposals which will see a huge cash payment dished out.

DiamondCorp – more bad news: it looks like toast

Published 110 days ago

The saga of the financial problems facing AIM-listed (though currently suspended) DiamondCorp (DCP) has been followed HERE and this morning’s announcement looks to suggest that the end of the road is nigh.

Table of shorted AIM shares - week to 31/03/2017

Published 110 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Wishbone – Good News from Honduras

Published 113 days ago

AIM-listed gold trading play Wishbone (WSBN) has announced the signing of a joint venture deal SION Honduras which will provide funding and expertise to existing small gold mines in Honduras so as to assist with the increase in production. The good news for Wishbone is that the deal involves all the output from those mines being supplied to Wishbone – at preferential prices – in a deal which runs for 30 years.

Milestone – AGM statement ignores the Elephant in the room: WHEN’S THE BLOODY PLACING?

Published 114 days ago

AIM-listed Milestone Group (MSG) has released an AGM statement – but it is not the voting result, it is the Chairman’s statement – to be delivered by Deborah White, who is (corporate governance Red Flag) also CEO. Of course, some of us think that there should have been a change at the helm some while back in the midst of the non-arrival of placing funds scandal which the company was, to say the least, tardy about ‘fessing up to. 

Bowleven – ShareProphets RNS Translation Service dissects Board Changes

Published 114 days ago

This morning AIM-listed oiler Bowleven (BLVN) announced the departure of Chairman Billy Allan and two former board members from the company. Not before time. With a second EGM in the offing the writing was on the wall for them all anyway. The ShareProphets RNS Translation Service has been taking a look at what the company had to say (original in bold).

Obtala - great update and great placing! We are more than 100% ahead - more to come

Published 114 days ago

We tipped this stock at 8.5p (offer) so are 100% ahead but there is far more to come. Obtala (OBT) has followed a quarterly business update with news that it has entered into a conditional subscription agreement to issue £4 million of new shares at 20p each - with also the same amount of warrants convertible at the same price.

ShareProphets AIM-China Filthy Forty Update – unspeakable in pursuit of inedible edition

Published 115 days ago

With the demise of the twenty-fifth Filthy Forty listing, Asian Citrus (ACHL), as of this morning there are just 15 of our motley crew remaining listed on the Casino – and one of those, MoneySwap (SWAP), has now been suspended for more than six months, but it seems the Oxymorons have decided not to apply AIM Rule 41.

Servision – Hurrah! A TR-1 from Cascade. But if it walks like a spoof and quacks like a spoof…..

Published 115 days ago

So after all the questions, AIM-listed Servision (SEV) has provided answers. The AIM Rule 26 pages have been updated (after a year, vs 6-months under AIM rules), the personal guarantee of head honcho Gidon Tahan to white knight investors Cascade has been clarified and yesterday lunchtime we even had a TR-1 showing that Cascade was indeed holding the shares issued to it at over 400% of the previously prevailing share price ahead of the announcement of the funding package. But I still think the whole deal is a massive spoof and here is why.

Amryt - trials of AP101 now underway - broker ups target to 88p: buy at 20p or under

Published 115 days ago

Shares in Amryt Pharma (AMYT) are starting to move the right way and ever faster as clear progress is made with its portfolio. On Tuesday we had the, not unexpected, news that it has started the phase 3 ( that is to say final human) trials of AP101, its lead drug candidate, a potential treatment for Epidermolysis Bullosa (EB). EB is a rare, genetic skin disorder, which causes exceptionally fragile skin.

Filthy Forty Asian Citrus – Hooray: next AIM Execution at close today. Who drank all the Ouzo?

Published 116 days ago

We have already seen three AIM departures this week – and it is only Tuesday. RapidCloud (RCI) and CloudTag (CTAG) were booted off after their Nomads departed and a replacement wasn’t found within a month, and North River Resources (NRRP) delisted because it couldn’t raise cash. Today it looks set to be the turn of ShareProphets AIM-China Filthy Forty Asian Citrus (ACHL) as, amid allegations which look to amount to ones of fraud, the company has admitted that it can’t get overdue accounts out - and so the Filthy Forty will be down to a mere 15.

More Bad News for Advanced Oncotherapy

Published 116 days ago

It has arrived! My £52 costs and 32p investment in one share in AIM dog Advanced Oncotherapy (AVO) is not money wasted.

FRAUD Cloudtag...some morons are on the pitch, they think it's all over....IT IS NOW

Published 117 days ago

Cloudtag (CTAG) has fessed up to dismal results and to the fact that it cannot get a Nomad to act for it and sign off on its lies and thus its shares will be booted off the AIM casino tonight. It talks of a relisting in the future but then it was telling us just the other day that it would get a new Nomad. But having had since January 10 it has failed. No one will act for this fraud. It is game over.

AIM still shrinking as another two bite the dust and more to come this week

Published 117 days ago

As at the end of February the number of companies listed on AIM had fallen to 973 – down from 982 at the end of 2016. Having seen 7 new admissions in the first two months of this year, that means that 16 companies disappeared off into the ether during the same period and the world’s most successful growth market has shrunk back to levels not seen since 2004 in terms of the number of companies listed. This morning saw the demise of Rapidcloud (RCI) and North RiverResources (NRRP).

Twitter Investment Genius from the Costa del Crime Caption Contest & a Lada joke

Published 117 days ago

One of those waiting with baited breath to find out if Cloudtag (CTAG) will be slung off AIM tonight is a genius from the Costa Del Crime with a portfolio from hell who - as at last week was on a countdown to making his or first tweet as we showed HERE. We asked for suggestions as to what that tweet should be. The winner is:

Tom Winnifrith Bearcast - sitting in Shipston it is Cloudtag day! Where is the ouzo Dad?

Published 117 days ago

It seems as if  my father has drunk all the ouzo. Who can blame him? But how will I celebrate if the fraud Cloudtag (CTAG) is booted off AIM today? Join in the fun with our Cloudtag termination clock HERE. Elsewhere I look at Bowleven (BLVN), gosh I loathe its management team, Advanced Oncotherapy (AVO), also run by tossers, and Strategic Equity Capital (SEC).

Bulletin Board Moron of the Week Sponsored by London South East

Published 118 days ago

Well this is a company that will sponsor any old crap and let's face it, 95% of Bulletin Board Morons post on the LSE Asylum. As the countdown to the fraud Cloudtag (CTAG) being booted off AIM next week accelerates you kind of sense which stock will be the focus of most entries. The competition rules are simple. Just nominate the daftest post on a BB or on twitter in the comments section below. Once again, our in-house semi-trained loon Wildes is allowed to nominate his own posts. The deadline for entries is midnight on Sunday 26th March. Post away!

Filthy Forty – Ouzo on ice as it’s eyes down for the next AIM-China execution.

Published 118 days ago

AIM Death Row long-termer and ShareProphets AIM-China Filthy Forty play Asian Citrus (ACHL) was suspended pending accounts way back on 28 September last year after its auditor demanded further testing, including visits to the company’s banks to see the bank statements first hand in the wake of allegations that the books had a few, ahem, “anomalies”.

Ariana – landmark first gold/silver pour at Kiziltepe

Published 118 days ago

AIM-listed gold and silver in Turkey play Ariana Resources (AAU) has announced the first gold/silver pour at its new joint venture Kiziltepe plant in Turkey. It has been a long road but this marks the moment when Ariana completes the transition from explorer to producer – cracking news for head honcho Kerim Sener and his team. So what now?

Tom Winnifrith: The Top short sellers, bears and fraudbusters all together on April 1 - don't miss out

Published 119 days ago

You might hate bear raiders. You might think that short selling is unethical. But what you cannot argue with is that ignoring men such as Evil Knievil when they sniff out a fraud or accounting malpractice will cost you a packet. At last year's UK Investor Show the Country's top bears did a detailed presention on AIM darling Avanti Communications, one of the AIM companies most beloved by professional fund managers. Since that warning Avanti shares have collapsed by more than 90%. This year the bears have new targets.

Asset Stripper Jim Mellon - what are you hiding? Who is on your sinister list

Published 119 days ago

Once again the massively loss making Master Investor show - asset stripped by Jim Mellon five years ago - is taking place in Islington today. Once again Pizza Hardman Darren Atwater ordered a legitimate ticket but was once again stopped at the entrance before he even showed his ticket. Burly security guards said "you are on the list". Jim's list.

Table of shorted AIM shares - week to 24/03/2017

Published 119 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Yet another Cloudtag Countdown clock - how long till the Fady Lady sings?

Published 120 days ago

If no Nomad is prepared to act for the FRAUD Cloudtag (CTAG) then its shares, now suspended, will be booted off the AIM Casino. No AIM = no death spiral funding so it will - very soon - run out of, other people's cash, and will go bust. But the first step is being booted off AIM. And, inspired by liar Amit Ben Haim, we have a useful countdown clock until that ouzo moment. Enjoy.

Saffron Energy Bezzecca update - all good news

Published 121 days ago

Saffron (SRON) has confirmed that it has completed the logistics for a tie up of its Bezzecca natural gas project outside Milan within budget and on schedule. Certificates for mechanical and instrumentation completion have been issued and safety and performance testing is underway.

Frontera – well ahead of itself, sell

Published 121 days ago

One has to marvel at how oily serial disappointment AIM-listed Frontera (FRR) has doubled its share price since yesterday. Has it has a takeover? Nope. Has it announced a gusher? Nope. So what has sparked the rise? It seems  that it is in talks over a possible transaction involving a farm-out or joint operation arrangement within the area of its Block 12 holding in Georgia. But is this just a monster spoof?

Optibiotix - Skinbiotherapeutics demerger: Mr Market does not fully realise what good news this is!

Published 122 days ago

Optibiotix (OPTI) has announced - not before time we might note- that the demerger of its 52% unit Skinbiotherapeutics and its own AIM listing is underway. I should cocoa. Book building is cracking ahead on the Skinbiotix IPO. Optibiotix currently has an adjusted 52% of Skinbiotherapeutics.

Cloudbuy – still no sign of tomorrow's Hartleys but toast certainly on the menu.

Published 122 days ago

AIM-listed e-commerce play Cloudbuy (CBUY) released its full year numbers for calendar 2016 this morning. Having had a rescue refinancing last year and a change of strategy the question was always whether all the good news announced over the last few years would ever be converted into revenue. The bad news is that it hasn’t yet. By the way, as a general point to the company, if you are going to reference notes to the accounts in the RNS and don’t include those notes people will think you have something to hide. It looks poor.

Filthy Forty MoneySwap – another own-goal from Team Stuttard

Published 123 days ago

ShareProphets AIM-China Filthy Forty play and yet another Lin brothers AIM disaster story MoneySwap (SWAP) has finally released its outstanding FY numbers to March of last year and interims to last September. The shares have been suspended pending results since 21 September last year and under AIM Rule 41 the company had until today to get the suspension lifted or get booted off the Casino. But today we learn that the shares are to remain suspended, yet there is no mention of an impending execution. This is a regulatory shambles – especially when we consider the apparent reasoning.

The Telit Sea of Red Flags

Published 123 days ago

Telit Communications (TCM) is still the number one most shorted share on AIM, even after releasing final results last Monday that were welcomed by the market and saw the shares soar 14.6% to their peak of 360p on the day.  But with 10.5% of the stock out on loan to the alleged “smartest guys in the City” you have to ask yourself “What exactly am I missing?”  So began my thought process as I sat down to dissect the accounts.  Here are some quick thoughts:

China FRAUD Aquatic Foods Q4 update: drowning in a sea of Red Flags

Published 124 days ago

ShareProphets AIM-China Filthy Forty purveyor of all things fishy, Aquatic Foods (AFG), has updated on 2016 Q4 trading this morning. In a statement plastered with Red Flags it would appear that the company is nearing the final chapter of the China Norfolk playbook as we are warned that there has been a spot of bother getting cash out of China. Is it bye-bye to the dividend? 

Bulletin Board Moron of the Week Contest Sponsored by the FRAUD Cloudtag (again)

Published 125 days ago

It has only just dawned on me that in exactly two weeks time, at 4.30 PM I shall be cracking open the ouzo to celebrate the fact that no Nomad on AIM is so desperate for cash and morally bankrupt that it will act for the fraud Cloudtag (CTAG). And there will thus be an RNS issued to say that it will be slung off the Casino. As that day looms, how will the Bulletin Board Morons spin that as good news? Happy hunting on Cloudtag threads - and others - as we ask you to nominate the most moronic BB posts or tweets in the comments section below. The deadline is midnight Sunday 19th March and, yes, Wildes our pet in-house loon - can nominate his own posts if he wishes.

Servision – AIM Rule 26 webpage almost a year out of date, and where is Cascade TR-1?

Published 125 days ago

AIM-listed Servision (SEV) still looks to be a story too good to be true. With the company scraping by on boardroom emergency loans and running out of cash, along comes Cascade which agrees to pump in boat-loads of cash at more than 400% of the prevailing share price. We have been told that the first tranche of shares has now been issued (and, indeed, admitted to trading on the Casino), and the cash received. But we’ve not had a TR-1. And why is the company’s AIM Rule 26 major shareholdings web-page almost a year out of date?

Stuttard’s Septic Seven – March update (or is that down-date?)

Published 125 days ago

Marcus Stuttard, as head of AIM, completely trusts and supports the regulatory framework of the world’s most successful growth market. As such, and ever keen to help, ShareProphets put together a beautifully diversified portfolio of AIM-listed stocks for him, so that he could demonstrate his faith in the system he oversees by investing in stocks which we have Red Flagged. How better than to put his money where his mouth is to show us that there is nothing wrong. Last time I revisited the portfolio it was down by some 23%. If that had Mr Stuttard feeling a bit queasy, he had better look away now….

EVR Holdings - valuation insanity writ large

Published 126 days ago

As the well-known saying goes, turnover is vanity, profit is sanity but cash is king!  How then, should you refer to a company that displays either zero or negative for all three?  Welcome to the fantasy world of EVR Holdings (EVRH), the holding company for buzz-word bingo business MelodyVR.

Table of shorted AIM shares - week to 17/03/2017

Published 126 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Igas – hats off to the board

Published 127 days ago

I never thought I’d be saying this, but it is hats off the to the board which looks to have saved the company. This morning AIM-listed Igas Energy (IGAS) updated on its rescue refinancing and it looks to be a done deal. Shareholders will be feeling the pain, but as we have continually warned as the share price declined this was an inevitable consequence of the financial predicament in which the company found itself, the legacy of the Andrew “Piggy” Austin era. 

Cloudtag IR stunning own goal - anyone want an email list of morons - I now have it

Published 128 days ago

This morning AIM , for now listed, fraud Cloudtag (CTAG) had an announcement which was comical and is torn to shreds by me HERE. But it gets better, it sent an alert to all those folks who had registered with it to receive alerts. Then panic stations....

Coal of Africa COO suspended for insider dealing - FFS just fire the bastard

Published 128 days ago

Coal of Africa (CZA) has suspended its COO Mr Michael Jakobus Bronn after noting the judgement and fine against him for " the contravention of the Section 78 (1) (a) of the Financial Markets Act, 19 of 2012." Coal says that it is " in the process of reviewing the FSB findings, the details of which have been made public on 15 March 2017. The Company has placed Mr Brönn on suspension whilst the Company completes its internal review process." So what is Section 78? Let me enlighten you.

Cloudtag - 11 days from AIM death the zombie has news..well not really

Published 128 days ago

In 11 days time if no Nomad is prepared to act for the fraud Cloudtag (CTAG), that is to say to sign off on the lies it likes to tell investors, its shares - now suspended - will be booted off AIM. Unable to raise cash it will go bust. Just to placate the fools who ignored countless warnings and are trapped in this stock and to amuse the rest of us it has today made an announcement. It is horeshite natch and I offer a translation service in bold.

Filthy Forty China New Energy – fundraising, contracts, trading update.....BARGEPOLE!

Published 128 days ago

ShareProphets AIM-China Filthy Forty play China New Energy (CNEL) updated the market on trading for FY2016. The company reported a profit at the interim stage and continued to perform well in the second half of 2016 with revenue (subject to audit) expected to be up to about RMB 72 million. There are also contracts announced totalling about RMB 80 million expected to see project completion in Q3 of this year. So all is going swimmingly – except that the company has raised more money. Clearly the profits are not turning into cash. Why?

Filthy Forty Asian Citrus: Bullsh** RNS, it’s AIM execution ahoy - TW senior’s ouzo lined up for another hit

Published 129 days ago

ShareProphets AIM-China Filthy Forty play Asian Citrus (ACHL) has offered yet another update on its delayed (due to allegations which looks like accusations of fraud) FY16 results. Having tried ever so hard to obtain relevant information and to facilitate additional audit procedures (ie visits to the banks in person) the company has announced that it has initiated legal proceedings to remove relevant senior management members of the relevant subsidiaries. With the shares having been suspended since 28 September execution after six months as long-termers on AIM’s Death Row is scheduled for 29 March. The company cheerfully tells us that the implementation of such changes may take time – ShareProphets RNS Translation Service: it’s delisting ahoy.

Cloudtag Moron - lets beat Tom Winnifrith up: LSE provides platform for inciting violence

Published 129 days ago

Repeatedly, during the past six months, the London & South East Bulletin Board ( aka the LSE Asylum) has removed posts within minutes which offered any criticism at all of Cloudtag (CTAG). Right up to the point that shares in the fraud were suspended on AIM no dissent was allowed. But it appears that the LSE does believe in free speech when it comes to inciting violence against me. My crime, natch, calling out the fraud and so yesterday the post below appeared.

TLOU Energy has the potential to succeed

Published 129 days ago

TLOU Energy (TLOU) was once one of those AIM companies that was hugely popular with PIs and was attracting a lot of attention and hype. Now that has now subsided, I can see real potential with this company going forward given the track record of those who are running it.

Independent Resources down 30% but valuation insane

Published 130 days ago

No doubt the spivs are on the ramp again but shares in Independent Resources (IRG) have dived by 30% to 0.415. That is because the stock has today on ex-rights on the open offer announced today. If you buy now you do not get to take part in a 2 for 3 offer at 0.065p! So do the maths again.

Bulletin Board Moron of the Week sponsored by the Glenwick Ramping Crew - a winner announced

Published 131 days ago

Well thanks to Big Gib and the Glenwick (GWIK) ramping crew for sponsoring last week's Bulletin Board moron contest which served up a raft of entries as you can see HERE. The winner was Juicin Drumroll who spotted this great observation from a Long & Strong Cloudtag (CTAG) moron posting on the ADVFN Asylum with the shares suspended and due to be booted off AIM two weeks from today.

Bulletin Board Moron of the Week Contest sponsored by the Glenwick Ramping Crew & Big Gib

Published 132 days ago

Glenwick (GWIK) was once the darling of the AIM penny stock ramping crew led by twitter loon Big Gib. Naturally it has had various changes of strategy, spunked hundreds of thousands of quid on directors fees, advisors and deals that failed and this morning it was slung off AIM - as discussed HERE. The only question is did Big Gob et al get out at the top as they urged others to buy? So in honour of Big Gob I ask you to post in the comments section below the most ludicrous comment you can find on twitter or on a Bulletin Board this week. The deadline is midnight on Sunday 12 March.

Filthy Forty MoneySwap – new rescue deal in the offing but time running out

Published 132 days ago

ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) announced last week that it was in discussions with a new potential white knight saviour in the form of Wraith Holding BV, a Netherlands-based vehicle of a Mr Gilbert Armenta which has been incorporated for the purpose of investing into the company. But time is running out: having been suspended pending accounts since 21 September last year the company only has until a week on Tuesday to get both Finals to March 2016 and interims to September released or its AIM-listing is toast.

Red Flags Still Fluttering at Mayair Group

Published 132 days ago

Back in August I suggested that Mayair Group (MAYA), which purports to provide clean air solutions in China might not be so different from other AIM listed China plays.

Tom Winnifrith Bearcast - Sound Energy now firmly on the bears radar screens

Published 133 days ago

I refer to young Steve's article earlier on the most shorted AIM shares. The fact is that most AIM shares cannot be shorted at all. There then follows a discussion on Sound Energy (SOU), Boohoo.com (BOO) and Telit (TCM). On a serarate note I look at LGO Energy (LGO). When the facts change what do you do?

Table of shorted AIM shares - week to 10/03/2017

Published 133 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Has the Red Squirrel Gone Mad or has it Just Fallen in with the Wrong Crowd?

Published 134 days ago

Ever since promising a terminally ill colleague, who lost far more than I did on Tim Baldwin’s formerly AIM listed train wreck TXO, that I would do all that I could to prevent Tim ripping off more ordinary investors. I do not really care about so called sophisticated investors and High Net Worth Individuals as they should know better and can afford to lose a few £10ks anyway, unlike ordinary investors who have to rely on what they are told by supposedly FCA authorised firms and individuals. Anyhow what is Tim up to now? Be warned!

Tom Winnifrith is going to flee to Greece and close ShareProphets rather than fight Aidan Earley said the moron: think again - here is our Court filing

Published 134 days ago

How do you keep an idiot in suspense? Over to Copperwindow, a moron on the ADVFN Worthington (WRN) thread who posts about 30 times a day how he is going to be rich and how Aidan Earley is going to crush me in Court. Yesterday, among his posts he stated: 

Igas – more details on proposed refinancing, but has the company got enough bondholder support?

Published 134 days ago

Having (quite correctly) been an out-and-out bear of AIM-listed and overindebted Igas Energy (IGAS) ever since we exposed the dealings of former trougher-in-chief Andrew “Piggy” Austin (before he was shown to the edge of the plank) the potential demise of the company has been on the radar. Here are ShareProphets we have flagged up the eventual destination of massive dilution for shareholders or just a round of toast and the company duly served up proposals for a refinancing at 4.5p. I’m still not completely convinced the board will pull off this deal but despite the dilution the terms proposed look to be a remarkable achievement by the new board – IF it can get it over the line.

AIM enjoys its least bad month for years

Published 135 days ago

In February 2017, AIM lost six companies and gained six companies including 1 readmission leaving membership static at 973 companies. To see a month go by without a net loss of companies on "The world's most successful growth market" will be seen as a triumph and the champagne corks will be popping in Paternoster Square.

Eden Research – what’s with this Oxford Capital announcement? It’s dissolved – who got the warrants?

Published 135 days ago

Eden Research (EDEN) yesterday released an odd RNS. Not so unusual was a statement of total voting rights. But it also contained a statement of outstanding warrants and options. Was the company trying to bury something whilst the city was watching yesterday’s Budget statement? At the centre of this lies Oxford Capital Limited, which was dissolved and struck off on 31 January of this year.

Bowleven – did Artemis plunge the knife before bailing out to Crown and if so where is the TR-1?

Published 135 days ago

A brief line in an announcement by Crown Ocean has caught my eye in the latest twist in the battle to remove the useless board of AIM-listed Bowleven (BLVN). The board’s supposedly flagship farm-out transaction, with which CEO Kevin Hart expressed pleasure, seems to me have placed a maximum valuation of around $25 million on the company’s $100 million spent on Bomono. But I wonder whether major institution Artemis has sold out of the 14 million shares the market was told it held on Monday. If so, where is the TR-1, and did Artemis vote the shares against the board ahead of selling them to Crown Ocean? 

Our last share tip is 70% up in 11 days - our next hot tip is at NOON Wednesday - catch it & 2 more for just £5

Published 136 days ago

That 70% gain is at the bid by the way - what you could sell the shares for! We have no need to bodge our satistics our tips are just good tips. And we are not advising readers to sell yet - we expect them to be banking gains of 100% plus on that one within weeks. That is what we like - share tips that deliver big gains fast!

Tom Winnifrith Bearcast - Extreme Bad Language Special because AIM is an ffing joke

Published 137 days ago

If you object to bad language do not listen. The madness and corruption of AIM, the willingness of the crony capitalists to deceive investors to get away another placing just got to me. In today's podcast I cover Blur (BLUR) - but would commend young Steve's coverage which is superb HERE, FastForward (FFWD) - the Jim Mellon spoof - Advanced Oncotherapy (DOG), Independent Resources (IRG), Amur Minerals (AMC), Sunrise Resources (SRES) and Zenith Energy (ZEN). 

AIM Fraud Odd one Out Contest results

Published 138 days ago

Last week I asked you explain which of the four companies whose logos I showed ( Globo, Cloudtag, Naibu & Polly Peck) was the odd one out. A few of you were game enough to have a stab as you can see HERE.

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

Published 139 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.

Two ways to play Avanti Coms insanity as the shares head for zero

Published 139 days ago

Poster child for the dogs on AIM heading for zero is Avanti Communications (AVN) which plumbed new lows this week with a dreadful H1 statement. For a supposedly maturing business to have interest expenses more than turnover is astounding. This is a product of its recent insane more-debt-for-debt swap.

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

Published 139 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.

Tom Winnifrith Bearcast: Paul Scott vs Tom Winnifrith - the bearcast rumble in the AIM Jungle is scheduled

Published 140 days ago

Yes, I shall be recording my first ever joint bearcast - if one excludes ones where Oakley has chipped in. The date is April 1, my opponent is Paul Scott. Will it be TrakM8 or checkmate? The venue London in a new bonus session at UK Investor Show. I explain more about this total one-off in today's podcast. It is 4 weeks to the day to UK Investor and tickets are 85% booked out so if you are not booked in book NOW! On this podcast I also look at Brave Bison (BBSN) and TrakM8 (TRAK) and how cost cutting can itself prompt a cash crisis. I look at Audioboom (BOOM) with a more generous eye. I look at Glenwick (GWIK), now booted off AIM, which stinks. And I look at the idea of investing in shite companies to make money, ref Red Leopard (RLH) and Cynical Bear. This also brings me to ECR (ECR) where we own shares and I now see arch ramper Big Gib is on board. Over to you Big Gob do not let me stop you!

Is Filthy Forty MoneySwap another AIM-China FRAUD set to depart the Casino?

Published 140 days ago

ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) has been taking up a cell in the Casino’s Death Row since its shares were suspended pending accounts on 21 September 2016. Under AIM Rule 41 it has just days to release numbers or become the 25th departure from the Filthy Forty. Whatever happened to the links to Unionpay? The e-wallet? The software? And is Interim CEO Craig Niven again about to preside over the collapse and disappearance into the ether of a Lin brothers fiasco? 

Filthy Forty Asian Citrus – now interims delayed as Casino eviction draws ever closer

Published 140 days ago

ShareProphets AIM-China Filthy Forty poster-boy Asian Citrus (ACHL) updated the market yesterday that in the light of ongoing allegations of fraud which have thus far prevented release of audited accounts for the year to June 2016, it has now concluded that it won’t get its interims to December out on time either. The shares have been suspended since September 28 last year and now with two sets of numbers outstanding and a deadline under AIM Rules of the 28th of this month to meet or face expulsion from the Casino the fat lady is already humming  a merry tune as she gets the lethal injection ready.

Switch Your Focus from Tiddlers to Leviathens - But Not Any Old Leviathan

Published 140 days ago

Hello Share Swappers. We are now living in even scarier times than usual in Shareland. What with Brexit, Big Donald, a possible new cold war, inflation and growing world debt. We are also being frightened witless by the continuing shocking revelations by Uncle Tom and his top team of investigators. If I were running a shaky company, especially one on AIM, I would not be sleeping - ever.

Table of shorted AIM shares - to 02/03/2017

Published 141 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Buy Saffron Energy at up to 7p - target to sell 12p within months (or weeks)

Published 141 days ago

We should declare that certain team members have invested in this IPO at 5p The IPO was last week and we tipped the stock on its first day of dealings. The shares are now 7p-7.5p - we do not expect any retracement but if there is and you can buy at 7p or less do so big time. We expect to be advising folks to be banking profits at 12p within weeks. Our tip as of last week reads:

Crack out the ouzo, 100% vindication as TrakM8 bailout placing gets underway, investor misinformation confirmed

Published 141 days ago

This morning, after a series of profits warnings, AIM uber dog TrakM8 (TRAK) has announced that there is a bookbuild underway on a £1.66 million bailout placing at just 65p. The shares are now 67p bid so you'd be a moron to participate but conversations are being had between institutional morons and hapless broker FinnCap right now, not withstanding the fact that today's statement lays bare the Nov 28 interim statement as 100% misleading.

Servision: House broker says Spec Buy - shares tumble agin - this smells all horribly wrong

Published 142 days ago

The odour coming out of long term AIM cash guzzling hound Servision (SEV) grows stronger by the day. I sense that this is going to blow up badly and when it does you do not want to be owning the shares. There is something very odd going on. Today's intervention sees house broker Beaufort pushing the stock as a speculative buy. The shares have fallen by 8% and we will come to the, er.... not very good, note later.

Tom Winnifrith Bearcast: Plutus Powergen was doomed when its boss said he liked my work

Published 142 days ago

An early bearcast as, much to the dread of my morbidly obese three legged cat Oakley, we are about to suffer an invasion of the working classes. Of course praising my work was not the biggest sin of Plutus Powergen (PPG), that was its oink on rebasing of options and bonuses. But now it has a bigger problem, OFGEM and I reckon it has every reason to be worried. Then I look at 88 Energy (88E) suspended in Oz but not on AIM ahead of a placing. Then it is on to Amur (AMC) again and to Avanti Coms (AVN) whose shares are just 14,5p. That is 14.5p too high. Finally a long look at changes in retail and what that means for us all. That is based on a Wolf Street article HERE.  I also refer to the series I am running on my 1970s childhood in rural Northants HERE. Gosh the world changes rapidly.

ShareProphets China AIM 'Filthy Forty' update – good riddance Jiasen edition

Published 143 days ago

Since our 24th September previous update, another ShareProphets China AIM 'Filthy Forty' company has followed Geong International and co in 'Geong, Geong' and then Gone - and another has been suspended...

Servision – first tranche of (not Bill Gates’) cash received…..and a clarification

Published 143 days ago

There was no great surprise from AIM-listed Servision (SEV) in relation to the arrival of the first lump of cash from (nothing to do with Bill Gates) Cascade as announced this morning. But there were a few interesting clarifications in relation to the personal guarantee of Servision head honcho Mr Gidon Tahan which are worthy of comment. As for the subscription at a (still) incredible premium, it still all looks too good to be true.

Igas – refinancing at 4.5p on the way (if the bondholders agree), Ouzo time!

Published 143 days ago

I’ve been saying for an age that AIM-listed Igas Energy (IGAS) was a sell and this morning the denoument has arrived. In the wake of previous boss Andrew “Piggy” Austin and his dealings with Equities First, and his legacy to the new board of a massively overindebted company, this morning came the announcement that a restructuring is being attempted at 4.5p per share. I fear that poor Tom Winnifrth senior may be further deprived of that bottle of Ouzo. Actually, if the new board manages to pull this off I will take my hat off to it but there are some hurdles to overcome first.

Bowleven - Corporate Governance Fucktards ISS & PIRC show themselves up in backing discredited board

Published 143 days ago

In reality corporate governance bodies such as PIRC and ISS are, these days, part of the establishment so when it comes to crony capitalist companies on AIM they are part of the problem not the solution. This is demonstrated in spades today by events at Bowleven (BLVN)

Milestone Group Plc – minimal prospects of collecting failed placing monies: the fat lady is warming up

Published 143 days ago

In its final results yesterday AIM listed lifestyle company Milestone (MSG) commented about the semi failed October 2016 placing:

Cloudtag - They think it's all over, It is now! Morons Nil ( again) Sheriff 5 ( again)

Published 144 days ago

Some bear raiders are on the pitch...they think it is all over: it is now! Nope not West Ham winning the World Cup but the stockmarket career of AIM fraud Cloudtag (CTAG). Nomad Cairn has brought forward its resignation from April 10 to last night, the £975,000 placing announced last week has been pulled and it is ouzo time for me while on the council estates the LSE Asylum rampers gnash their teeth. Come on guys, say it slowly "Yet again Tom Winnifrith was right and we are morons, we apologise for all the abuse we gave him, the Sheriff of AIM rocks!"

Milestone Group – Shocking year-end results, surely this lifestyle farce must come to an end soon

Published 144 days ago

I wrote about Milestone Group (MSG) back in November (HERE) highlighting it as one of the best examples of a lifestyle company on AIM. That combined with the lack of disclosure around the (lack of) funding in October suggests one should stay well clear. Today’s results for the full year to 30 September 2016 only emphasise that fact.

Filthy Forty victim #24 Jiasen – ouzo time as voluntary euthanasia sees shares delisted

Published 144 days ago

And so ShareProphets AIM-China Filthy Forty play Jiasen’s (JSI) AIM listing is no more. It has become the 24th delisting from our original forty, after its shareholders voted (having been told it would make a fat-track application to NEX) to leave the Casino on the recommendation of the board. The NEX application didn’t happen, with the company claiming that it was now considering listing in Hong Kong. I’ll believe that when I see it.

Filthy Forty Asian Citrus – (lack of) progress on fraud allegations as Aim execution looms in four weeks

Published 144 days ago

ShareProphets AIM-China Filthy Forty carcass number 24 was taken away from Paternoster (death) Row last night in the form of Jiasen International (JSI). But yesterday the race to become number 25 hotted up as Asian Citrus Holdings (ACHL) gave an update on the lack of progress made in resolving allegations of fraud which its auditor wants to look in to before signing off overdue accounts. With four weeks to go before a one-way trip to the lethal injection room is triggered by reaching the maximum six month suspension period, progress in resolving matters seems to have been non-existent.

Jiasen - less than 3 hours to get out, bid price now just 0.25p

Published 145 days ago

Shares in ShareProphets AIM-Chnia Filthy Forty play Jiasen (JSI) have now slipped to just 0.25p on the bid. Our advice is still to get out while you still can, but time is running out.

African Potash - the fraud raises another £26,550 but who was mad enough to pay 0.045p?

Published 145 days ago

This smells all wrong. Shares in African Potash trade (AFPO) trade at 0.02-0.04p on the NEX lobster pot after being booted off AIM. Since January 9 there have been just 23 trades of which only 2 have been at more than 0.045p. In February there have been seven trades and the most recent to sell have been at just 0.021p. Yet today the company has raised money at 0.045p. Who is that mad?:

Servision – come on Nomad Allenby, the silence is deafening

Published 145 days ago

AIM-listed Servision (SEV) has some questions to answer. I hope it is currently answering them to its Nomad Allenby Capital and that we will have a statement shortly. Having announced a funding deal with US-based Cascade (which has nothing to do with Bill Gates) which seemed way too good to be true – at over 400% of the previously prevailing share price – backed by a personal guarantee from chairman and CEO Gidon Tahan, the nature of that guarantee became rather murky on Friday when it emerged after-hours that he had put up his entire shareholding as security. On what terms?

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

Published 145 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:

Bulletin Board Moron of the Day - tomwinnifrith - NOT!

Published 146 days ago

The ADVFN bulletin boards are so poorly regulated that you can register with any name without any proof that it is yours. And so once again as at 26 February some moron has registered as tomwinnifrith to post as me about Cloudtag (CTAG), natch. I note once again that I am paid to write here, why would I write for free on a chatroom. And moreover why would I write the sort of obvious crap you see below. 

Ariana – more to come as we await final sign-off for production

Published 146 days ago

I marked out Turkey-base gold/silver soon-to-be producer AIM-listed Ariana (AAU) as a buy a couple of weeks back at 1.85p bid. Construction at the Kiziltepe facility was almost complete and the company had indicated that a weather window allowing the last bits to be finished had opened up. The RNS duly followed. Now we await word of technical sign-off of the tailing dam, Ministry sign-off and then a local government operations permit and it is all go.  Meanwhile we have had exploration news from Tavsan suggesting significant resource growth potential.

UPDATED: Reader Poll: which Nomad is so morally bankrupt/financially desperate it will act for the Cloudtag fraud? - its Not Allenby

Published 146 days ago

Cloudtag (CTAG) the fraudulent AIM Company which has repeatedly raised money by telling lies to investors says that with Cairn Financial no longer prepared to sign off on its lies it is in advanced discussions about finding a replacement to avoid its shares being suspended on April 10. Really? Who do you think is so morally or financially bankrupt that they will sign off on lies for a fraudster. I am now starting a poll, if any of the Nomads's below want to deny that they are morally bankrupt and will not take on this work I will update the article. Vote now, deadline midnight Sunday 26 February. Update 1. It is not Allenby.

Notes from Underground: The Fighting' ShareProphets

Published 146 days ago

In the past seven days, 61,990 unique readers read 87,097 pages on ShareProphets. The circulation of the Investors Chronicle is c30,000. Shares is less than half of that. To our critics who think we do not count, we say think again.

Advanced Oncotherapy - The Death Spiral dance begins....timber!

Published 147 days ago

Having promised "non dilutive funding" ad nauseam, on Wednesday AIM listed POS Advanced Oncotherapy (AVO) announced a £13 million death spiral funding with are shylocks Bracknor. On Friday it drew down tranche one and promptly served up another dose of smoke and mirrors for punters. The death spiral dance is now underway. Advanced announced that:

Tom Winnifrith Bearcast: 2 massive rule changes AIM MUST make in the wake of the Cloudtag scandal & the issue of blame

Published 147 days ago

I know some folks want to blame others if they have lost money on the Cloudtag (CTAG) fraud. Well it is fair to hold some to account and make adverse comments and some folks should be doing a perp walk. But ultimately we are all accountable for our own trades whether winners or losers. Moving on this debacle has raised issues which call for two MASSIVE changes to the AIM Rule book: the announcement of Nomad departures and the disclosure or banning of placings based on T+ trades. PS Does anyone have an address for Cloudtag ramper David Greece. Please post in the comments section below in case I get bored and find myself in his locality.

Servision – more on that grant of security over c. 10m shares

Published 147 days ago

Yesterday we asked a series of question relating to AIM-listed Servision and its dealings with an obscure American entity called Cascade which has nothing to do with Bill Gates, when it emerged that it seems that the personal guarantee offered to Cascade by Servision Chairman and CEO (corporate governance Red Flag) Mr Gidon Tahan looks to be taking the form of a grant of security over about 10 million of his shares. Did the grant of security involve Cascade being able to dump said shares on the market? But two other details catch my eye.

Red Flags at Night – NED-share-pledge-for-loan at Lobster-pot China play MiLoc and the read-across to F40 Jiasen

Published 147 days ago

5.34pm on a Friday – truly no-one-is-watching o’clock – and up pops an RNS from NEX- (the lobster-pot formerly known as ISDX) listed MiLoc Group Limited (ML.P) detailing the dealings of a NED in the company’s shares: he pledged a bunch of shares in return for a loan back in September and has now released the stock to the lender. Sound familiar? Are we thinking Equities First? So where is the RNS from September? And then there are the other companies on that NED’s CV – which include AIM-China Filthy Forty plays Jiasen (JSI), delisting on Tuesday, and already delisted (no accounts) LED Holdings (LED) as well as PAQ International (PAQ) which quietly disappeared from the Casino back in 2010.

Table of shorted AIM shares - week to 24/02/2017

Published 147 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Cloudtag suspended pending an announcement: odds on it is the placing in trouble

Published 148 days ago

At 4.18 PM trading in the shares of AIM listed fraud Cloudtag (CTAG) were suspended ahead of an announcement. I do not know what the news will be but if it was good it would have been rushed out. I assume it is yet more bad news. As I pointed out earlier HERE, Novum Securities has every reason to walk away from the £975,000 placing at 3.75p announced this morning.

Tom Winnifrith Bearcast: More ouzo, vindicated on RapidCloud's descent to zero as well

Published 148 days ago

In the main bearcast today I touch on the Cloudtag (CTAG) fraud but that is really covered in its own bearcast HERE. I do look at RapidCloud which was suspended today and will lose its AIM listing in a month. Who warned you that this would face a "terminal conclusion" 149 days ago? Was it PR wankers Walbrook or Nomad WH Ireland or savants on the LSE Asylum? Er no, it was me HERE.  I then look at Challenger (CHAL) a zero in waiting, Iofina (IOF) and IGAS (IGAS) both of which should also be zeros. I commend today's excellent piece from Nigel, the Deputy Sheriff of AIM,  on the Servision (SEV) scandal HERE. I take Nomad Allenby to task for failing to comment on this and for allowing Servision to mislead mug punters. AGAIN. Finally I take apart overvalued ramp Wey Education (WEY). Its shares are up 33% today. That is a ramp not a reflection of value.

Breaking: Cloudtag Nomad Cairn quit weeks ago: source - get out of jail card for Novum?

Published 148 days ago

It has today been announced that Nomad Cairn will cease to act for AIM listed (pro tem) FRAUD Cloudtag (CTAG) on April 10 at which point the shares will be suspended if no other Nomad is prepared to agree to sign off on lies issued via RNS. The shares have crashed to 2.75p to sell which means that those clients of Novum Securities who were stuffed into a placing at 3.75p THIS MORNING must be well pissed. But fear not... I have a shocking revelation that gets them off the hook.

Filthy Forty Jiasen – oh dear, now just 1p to sell, less than 2 days to get out

Published 148 days ago

It is a busy day at the Sheriff’s office with CloudTag (CTAG) and Servision (SEV) dominating, but it would be remiss of us to allow the burial of bad news for shareholders in ShareProphets AIM-China Filthy Forty play Jiasen (JSI) to go unnoticed. With delisting scheduled on Tuesday (and thus Monday is the last chance to get out) the bid price has now dropped to just 1p last seen. One penny! 

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

Published 148 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 150 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. 

SCANDAL? Filthy Forty Taihua – Tender Offer at 3.28p sees Chairman dump the lot - at 200p?

Published 150 days ago

Shares in ShareProphets AIM-China Filthy Forty play Taihua (TAIH) are unchanged this morning on news of the result of its Tender Offer at 3.28p - paid for from the Open Offer last summer and conducted through the good offices of former Casino poster-boy and former Nomad Daniel Stewart (DAN). But we also see that company chairman Nicholas Lyth has dumped his entire holding. That’s already a bit of a concern, but then so is the statement that his disposal was not at the 3.28p everybody else got, but at 200p per share. What????

Filthy Forty Jiasen – tick-tock, tick-tock, it really is bag of Walkers o’clock

Published 150 days ago

The 24th delisting from the ShareProphets AIM-China Filthy Forty is almost upon us, for shareholders in Fujian Province-based Jiasen (JSI) voted through proposals to depart the Casino at a General Meeting on the 15th of this month, with the company’s exit scheduled for next Tuesday. Anyone still holding has less than four trading sessions left to get out.

An Open letter to John Gunn at Inspirit and Octagonal - you MUST suspend or fire Nilesh Jagatia NOW!

Published 150 days ago

Nilesh Jagatia the former FD at now delisted AIM bad boy Teathers Financial (TEA) is now enmeshed in controvery not only over Teather's serial ability to file accounts on time but over how shareholder's cash was used not only on entertainment involving semi clad young ladies but also for apparently personal spending by Nilesh. One hopes that by now the Old Bill and HMRC have been asked to have a butcher's. Amazingly Mr Jagatia remains as FD at two other AIM Companies both, as it happens, run by John Gunn: Inspirit (INSP) and Octagonal (OCT). I have now written to John Gunn.

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

Published 150 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.

Management Resource Solutions - New Meeting called to sack chairman Murray D'Almeida - a wanker of the highest order

Published 151 days ago

The battle between good and evil continues as suspended AIM dog Management Resource Solutions (MRS). You may remember that there is a meeting on Friday to oust certain directors but the board, acting like democracy despising a'holes, found a pretext to stop shareholders voting in new guys.

Flip Flop Ben Turney at Teathers - do your civic duty: tax dodging is wrong

Published 151 days ago

I wrote earlier today that Flip Flop Ben Turney who now finds himself running failed ex AIM investment vehicle Teathers really MUST go to the Old Bill demanding a full investigation into the ATM withdrawals by ex FD Nilesh Jagatia. A reader points out that Flip Flop has another civic duty to perform on this matter, he must go to the taxman. Ever keen to help...

United Cacao….and now for the calamitous shareholder shafting

Published 151 days ago

Former AIM Casino disaster story United Cacao (CHOC) has updated the market this morning with regard to proposed changes to the terms of its bonds. If you are a shareholder and didn’t take Tom Winnifrith’s advice to get out, I suggest you look away now for as he predicted HERE it is indeed to be a near wipe-out even if the company survives.

BREAKING: Teathers Financial shocker: Nilesh Jagatia - Show Me The Money!

Published 152 days ago

The way that shareholders' cash was pissed away on corporate jollies & semi clad young ladies by the former board of Teathers Financial (TEA) has already been documented fully here. But documents have now fallen into my possession, here at Winnileaks, which ask even bigger questions about FD Nilesh Jagatia who is pro tem, still FD at AIM-listed Inspirit (INSP) and Octagonal (OCT). After this bombshell I wonder for how long.

FRAUD Cloudtag - why did its PR advisers Tavistock resign the account?

Published 152 days ago

Normally PR firms, being so utterly 100% morally bankrupt, only resign an account for an AIM PLC if the client can't pay its bills. Just now and again a PR firm finds a client so utterly fraudulent that to protect its own reputation, it walks - think the FRAUD African Potash for instance. And so that brings us to the FRAUD Cloudtag (CTAG).

Stuttard’s Septic Seven – February update: oh dear!

Published 153 days ago

ShareProphets has Red Flagged quite a few companies on AIM, but as we all know there is no problem of fraud on the world’s most successful growth market. This is why we created a diversified portfolio of Casino stocks for AIM head honcho and Sham Sheriff, Mr Marcus Stuttard, to invest his own cash and thereby demonstrate his complete faith in his team of oxymorons at AIM Regulation. With the portfolio heading towards the end of its fifth month, here is the latest update – and it is not a pretty sight.

Tern – FY16 results: how hard are the numbers?

Published 153 days ago

AIM-listed investment company Tern plc (TERN) released its results for calendar 2016 on Friday. On the face of it the numbers, delivered with commendable speed, were excellent and with the shares up by 14.5% on the day the market seemed to like what it saw. But I wonder just how hard the numbers really are.

Table of shorted AIM shares - week to 17/02/2017

Published 154 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

SimiGon – profit warning, but reckons all good going forward. Hmmm…

Published 156 days ago

“Trading Statement” announcement from simulation technology company SimiGon (SIM) includes that “the company remains optimistic in its outlook and confident in its existing forecasts for the current financial year” and “great revenue and profit visibility for 2017 and beyond”. So why are the shares currently sliding back below 20p?...

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

Published 156 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).

Ariana – company chat clearing up a few misunderstandings

Published 156 days ago

I said at the weekend that having several times met Kerim Sener, MD at AIM-listed Ariana Resources (AAU), I felt that he was the exception to prove Mark Twain’s rule. In recommending Ariana (1.85p on the offer at the time, so I’m happy to see the shares now on a spread of 2p -  2.15p) my view was that plant completion, production and therefore cashflow were imminent. We’ve had the completion RNS and we now await the paperwork to allow everything to roll. But who gets first dibs at the bunce?

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

Published 157 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….

Filthy Forty Jiasen – EGM passes delisting motion, no NEX application filed, might go for HK instead (or not….)

Published 157 days ago

That’s it then, ShareProphets AIM-China Filthy Forty play Jiasen (JSI) is to leave the Casino, with the last day of dealings on the 27th of this month. If you still hold, you know the deadline for claiming your bag of Tesco value crisps. But the statement is a hoot. A listing on the Hong Kong exchange? You’re ‘avin’ a bubble.

Frontera – another “speeding ticket” RNS on the way? Sell.

Published 157 days ago

I think Tom Winnifrith missed a cracking entry for his Dirty Dozen AIM-listed resource stocks whose share prices might head north for no good reason. Certainly, the history of Frontera (FRR) suggests so from its share price performance over the years. Plenty of Red Flags to look at here! This morning the shares are indeed on the rampage (up 168% last seen) in the wake of a board appointment RNS. As we shall see, there seems to be little reason to celebrate that, and with one “know of no reason” RNS already issued this week, I fancy another is on the way.

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

Published 157 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...

ShareProphets RNS Translation Service – Bowleven names the day

Published 157 days ago

And so finally, this morning, AIM-listed Bowleven (BLVN) has named the day for the requisitioned sack-the-board EGM. The company first announced receipt of the EGM requisition from Crown Ocean on 24 Jan and three weeks on it has finally got around to calling it – for 14 March. Hurried this is not. The ShareProphets RNS Translation Service explains all…..(original in bold)

Ariana – good news: construction complete. Now for paperwork….

Published 158 days ago

Great stuff this morning from AIM-listed Ariana (AAU). The last bits of work to get the mining plant at Kiziltepe were indeed completed during the 10-day window of improved weather as previously indicated by the company, and as I had speculated at the weekend. Red Rabbit is ready to roll - now it is down to the final paperwork trail and then it is all systems go. The transition from pie-in-the-sky explorer to gold/silver production and cash-flow is almost complete.

DiamondCorp – another grim update as trip to corporate undertakers beckons

Published 158 days ago

AIM-listed DiamondCorp (DCP) has issued another grim update on its predicament and time is running out. As each day goes by, the end of the road for its beleaguered shareholders draws closer and this morning’s news suggests that for all the efforts of the board to rescue the company salvation is as far away as ever. But the fat lady is ready to enter stage left.

SDX Energy – tut tut: tardy director dealings RNS after-hours and a read-across from the demise of Circle Oil to Igas

Published 158 days ago

Dual-listed on AIM and in Toronto via the TSX Venture exchange slipped out a no-one-is-watching o’clock RNS last night detailing some dealings by one of its directors. I had thought that director dealings had to be reported without delay, so it comes as a bit of a surprise that dealings dating back to 4 February – all the more so given that 4 February was a Saturday. Then there is the read-across from the acquisition by SDX of the assets of the corpse that was AIM-listed Circle Oil (COP) for shareholders in fellow AIM-listed Igas (IGAS) which has a few debt problems of its own.

Shocker: AIM Casino – January Another month of shrinkage for "the world’s most successful growth market"

Published 158 days ago

January 2017 was another month of shrinkage for AIM in terms of number of companies.The absolute number was down by a net 9 from 982 to 973 companies with 1 readmission and 10 departures including the fraud African Potash (AFPO) which was relegated, in disgrace, to the NEX Markets lobster pot.

The ShareProphets Dirty Dozen Resource stocks Portfolio is launched

Published 159 days ago

I think we are in a crazy market for resource juniors and I am expressly NOT recommending you buy any of the shares below. But such is the madness that prevails, all sorts of mining and oil junors are seeing their shares fly. Worthless assets, crap management, no cash. Who cares? Just say you are looking at Lithium and off we go. So this is an experiment. Steve Moore will track the 12 stocks below, largely suggested by you and report back after 1 week, 1 month, 3 months, 6 months and on December 31 comparing this portfolio with the FTSE AIM Index and the FTSE 100. Just for fun, the dirty dozen are:

Filthy Forty Jiasen – AIM cancellation imminent, NEX application still not made. Timberrrrrr……

Published 159 days ago

Shares in ShareProphets AIM-China Filthy Forty play Jiasen (JSI) have collapsed by another 38% today (last seen) after admitting this morning that having called an EGM proposing to cancel its shares from trading on AIM and move to NEX (the lobster-pot formerly known as ISDX) the application has still not been made. This morning’s RNS makes clear that there is a deadline of tomorrow. Oh dear, oh dear, oh dear. Surely it could not be that NEX, which even found African Potash (AFPO) acceptable, has indicated that it doesn’t want the last remaining listed member of the Fujian Four gracing its exchange, could it? Or is it that the company never had any intention of getting onto NEX?

The Pirate Pete Landau Gang – now another two members in court

Published 159 days ago

Oh dear. Oh dear. It gets worse and worse for Pirate Pete Landau, formerly boss of a range of AIM dogs including Range Resources (RRL), all of which he fleeced via is Okap Ventures vehicle. At the weekend I served up a document showing that the Pirate stands accused of forgery, fraud and half inching A$2 million. But other members of his gang appear also to be in a spot of bother. Step forward Jane Rosemary Flegg who was company secretary to most, if not all, of the Landau stable of shite companies.

The Great Waseem sends a specialist to check out Cloudtag - the report is damning!

Published 159 days ago

I was not the only person to go to the Spring Fair last week to check out the Onitor, the "product" of AIM fraud Cloudtag (CTAG). The great bear raider Waseem Shakoor sent along someone too.  Waseem reports back:

Tom Winnifrith Bearcast: Nominate your Dirty Dozen AIM resource stocks to fly

Published 159 days ago

In this bearcast, delayed by more upgrades to my PC from Mr Gates, I look at the appointment of an Oxford contemporary Charlotte Hogg as deputy governor of the Bank of England. Does it really say anything about the advancement of women? Then I discuss growth stocks such as Gary Newman's Fevertree (FEVR) and Boohoo.com (BOO), Finally I ask for your help please as I assemble a dummy portfolio of AIM Resource dogs just to see if market sentiment is so crazy that they fly. I nominate Golden Saint Resources (GSR) and Xtract Resources (XTR) now please can you nominate another ten dogs by noon Monday 13th?

Ariana – a buy as we await that production RNS

Published 160 days ago

Ariana Resources (AAU) is on the cusp of announcing the commencement of gold and silver production from its Kiziltepe mine, part of the Red Rabbit project in Turkey. But for recent extreme weather conditions it would be there already, but the signs are that the big news of final completion and the move to production are imminent and I expect the shares to react positively when the RNS is finally released containing the word “production”.

Pete Landau accused of A$2m+ theft fraud & forgery: Part 1, The Pirate

Published 160 days ago

Oh dear the curse of ShareProphets today falls on Pirate Pete Landau, formerly boss of AIM dog Range Resources (RRL) and several other stockmarket hounds and a man who sent me a string of lawyer's letters because he did not like my investigative journalism. I now have an official document where the Pirate stands accused of theft, fraud and forgery, of half inching more than $2 million and much else. The victim is Citation Resources, an ASX company linked to Range and now in administration.

Well done Fevertree I was wrong - but i struggle even more to see value at this price

Published 160 days ago

Fevertree Drinks (FEVR) is a company that I have admittedly been wrong about in the past – I like the product and way the business has grown, but thought the valuation was crazy!

Rurelec – good news sees shares leap as Board cheats the Grim Reaper again

Published 161 days ago

Shares in AIM-listed Rurelec (RUR) sprang into life late yesterday after the company released news of a three-way deal which looks to have relieved at least some of the balance sheet pressure the company has been under of late. It is not out of the woods by any means, but shareholders have had two positive RNSs which suggest that all may not be lost.

Ascent Resources £3m fund raise shows PrimaryBid has come of age - why aren't you signed up?

Published 161 days ago

You know that I am a massive supporter of Primary Bid as it gives ordinary punters the chance to take part on placings hitherto reserved either for fund managers or for bucket shops. The platform has now really come of age with news of a £3 million fund raise for Ascent Resources (AST), a stock I quite like. If you are not signed up you are MAD so do so here.

Table of shorted AIM shares - week to 10/02/2017

Published 161 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

AIM-China Grand Group: a bargepole investment from the province of Norfolk, or just misunderstood?

Published 162 days ago

By pure accident of timing AIM-listed China play Grand Group (GIPO) missed the cut-off for inclusion in  the ShareProphets AIM-China Filthy Forty. But it is littered with Red Flags and with the shares having collapsed from just shy of 60p a pop after a lack-of-accounts-induced suspension was lifted at the end of December to yesterday’s close at just 14.75p those Red Flags are fluttering brightly in the wind on the world’s most successful growth market. 

Igas – the dog that didn’t bark (yet). Something for the weekend, sir?

Published 163 days ago



And so yesterday shares in AIM-listed and overindebted Igas Energy (IGAS) fell off a cliff, dropping 20% with no news released by the company. Normally one would have expected a statement, but thus far all we’ve had from Igas Towers is silence.

Bowleven – ill-considered statement as Crown Ocean ups stake again

Published 164 days ago

AIM-listed Bowleven (BLVN), in the sights of activist investor Crown Ocean which has already requisitioned a sack-the-board EGM, has released a “provisional response” to the proposals. It looks pretty desperate from a board too used to sitting on its hands and overpaying itself and which looks slam-dunk for the tickety-tack when it finally gets around to calling the requisitioned EGM.

Igas – shares in freefall: statement required, still a sell

Published 164 days ago

Shares in over-indebted AIM-listed Igas Energy (IGAS) have not been strong of late but this morning they are down by 13% to just 8.7p (last seen) on no news. The silence from the company is deafening, especially as it faces having to redeem some of its bonds after a FY16 underspend on its conventional assets as well as having to deal with a bit of an issue with its net leverage covenants. Then there is an interest payment due on its secured bonds which the company has already indicated will cause a liquidity covenant problem. A statement is needed.

AIM FRAUD Cloudtag - a challenge to CEO Amit Ben Haim: debate me in public & Ill give you a gift worth £5k

Published 164 days ago

I have stated repeatedly that AIM Bulletin Board darling Cloudtag (CTAG) is a fraud. It has repeatedly lied to investors to help it raise cash. But I have an offer and a challenge to its CEO Amit Ben Haim which is worth £5000 to Cloudtag.

Filthy Forty Taihua – at last that pesky buy-back is announced, but where has Daniel Stewart popped up from?

Published 165 days ago

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has finally announced the long-awaited buy-back first announced way back last August when launching an Open Offer to pay for it. Hurrah! So it wasn’t a massive spoof to get a fundraising away after all, although the net result of the exercise appears to be a lot more shares in issue and a net inflow of well over half the funds raised. 

Tom Winnifrith Bearcast - The things I do for you dear reader

Published 166 days ago

The things I do for you dear reader: go to the Spring Fair and read the Mail on Sunday. Truly what sacrifices I make. We are in the tail end of a bull market for low grade AIM stocks. So I discuss events and share price movements at Amur Minerals (AMC), Arian Silver (AGQ) with its shit head of a PR man  - Nu Oil & Gas (NUOG), Cloudtag (CTAG) and the truly incestuous events at Glenwick (GWIK)

Bowleven – sack-the-board requisitioner Crown Ocean ups the ante, increases stake

Published 166 days ago

This morning came a TR-1 announcement from AIM-listed Bowleven (BLVN): Crown Ocean, which has requisitioned a sack-the-board EGM upped its stake by about 5 million shares to 47.6 million shares, or 14.87% of the company, last Wednesday...

Cloudtag at NEC Spring Fair - Oh Dear the punters not impressed

Published 166 days ago

If only I had known that there was a Spring fair at Birmingham's NEC this weekend just ended for I have been up near there visiting my dad in Shipston and could have attended. Luckily a number of Bulletin Board folks did pitch up as AIM fraud Cloudtag (CTAG) or rather its UK distributor ( non distributor) Second Chance had a stand. The following BB post rather sums it up and it reads badly for the fraudsters.

United Cacao – it’s thank you and goodnight: another lesson in changing your mind when the facts change

Published 168 days ago

Well, you can’t say you were not warned here on ShareProphets – by the Sheriff himself. Last night at no-one-is-watching o’clock (6.15pm) a small FTSE missive hit the wires confirming the deletion of erstwhile AIM-listed United Cacao (CHOC) from its FTSE AIM All-Share Index, following the continued suspension and cancellation of trading on the Casino, effective on Monday. It is thank you and goodnight.

Table of shorted AIM shares - week to 03/02/2017

Published 168 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Parallel Media – off we go again: be careful out there….

Published 169 days ago

Having previously noted the rise and rise of AIM-listed events manager Parallel Media (PAA), whose shares shot up from 16p to peak at 46.5p on no news (with four trades going through at 48p), I see that the rocket launchers are out again. My thinking remains as before: if you hold it is time to look skywards, be thankful and sell.

Murray D'Almeida of Management Resource Solutions and Clownish lawyers Fladgates - see you in Court bitchez!

Published 169 days ago

Yes it is indeed Murray D'Almeida of Beacon Hill and Management Resource Solutions (MRS) who has signed his AIM career suicide note by instructing (clownish) lawyers Fladgate to send me a fascist lawyers letter. Only 19% of you guessed that one! I am told by the uber-clowns at Fladgate that I cannot publish this letter and must retract THIS article or else. It gets worse but do you think I dare publish the letter?.

Murray D'Almeida - why is he so ashamed of Management Resources? I can't think...

Published 169 days ago

In a recent review of the 100 most influential businessmen on Australia's Gold Coast, the chairman of AIM dog Management Resource Solutions (MRS) came in at 95. His lists his CV below. He is happy to boast about Beacon Hill Resources (BHR) which he steered onto the rocks while overseeing the, smelly as a three week old pile of rotting kippers in 50 degree heat, hairdresser shares issue. But for some reason leaves MRs off his CV. What is he so ashamed about? Perhaps he senses that Winnileaks one (HERE) and two (HERE) with more to come, was on the way. Murray's shamefully selective CV is displayed below.

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

Published 170 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. 

Aussie Mining Boss Benjamin Kirkpatrick sent to jail - Chris Cleverley of African Potash has committed the same crime

Published 171 days ago

Good news from the land of high culture: Aussie mining boss ( and former investment banker) Benjamin Kirkpatrick has just been sentenced to 12 months in the slammer. His crime? The same thing lyin Chris Cleverley did at fraud African Potash (AFPO), Fancy a roomie Ben?

Andalas train wreck results (it is bust) and possibly the most expensive death spiral in AIM history

Published 171 days ago

Andalas Energy (ADL) is bankrupt but pretends that it is a proper company. Anyone reading train wreck interims to October 31 2016 can only wonder why its directors have not been charged with trading whilst insolvent. It's a total rum and coke but it gets worse.

Tom & Joshua Winnifrith Bearcast - Was there also insider dealing at Management Resource Solutions?

Published 172 days ago

Three generations of Winnifrith males appear today. Young Joshua is with me as I record and chips in now and again. we start with my father helping Boris Johnson with some of his history errors. Poor show Boris. Then I look further at Murray d'Almeida and Management Resource Solutions (MRS). I follow up my earlier Winnileaks massive expose HERE by asking if insider dealing took place? Then I turn to uber dog & AIM rule breaker Milestone Group (MSG) before commenting on Torotrak (TRK), Cambria Africa (CMB) and Challenger Acquisitions (CHAL). Then I revert to Boohoo.com, the unacceptable face of capitalism which I covered in a bearcast special earlier. I repeat my warning for shareholders: it is all about unknowns.

Filthy Forty Jiasen – And now the reason for proposing the AIM delisting

Published 172 days ago

Yesterday we noted the announcement from ShareProphets AIM-China Filthy Forty play - and one of the Fujian Four – Jiasen (JSI) that it was proposing to delist from the Casino. Having listed at 82p per share in 2014, the current 3.125p (mid, last seen) seems a trifle disappointing. Today the company has given its reasons for the proposal. Try not to laugh….

Tom Winnifrith Bearcast: The dangers of fad investing - Fitbit shocker, Torotrak shocks again & China fraud vindication

Published 173 days ago

I take a detailed look at fad investing covering the big California drone fraud but also Fitbit which had a shocking profits warning today, Fitbug (FITB) and Cloudtag (CTAG). I look at two China frauds on AIM in big doo doo, Jiasen (JSI), which is definitely a kill for the Sheriff of AIM, and Taihua (TAIH) which will be. Then I look at Torotrak (TRK), Guscio (GUSC), Greatland Gold (GGP), Andalas (ADL), Golden Saint (GSR), Amur Minerals (AMC) and finally LGO Energy (LGO)

Igas – mandatory bond buy-back after investment falls short

Published 173 days ago

AIM-listed and over-indebted Igas Energy (IGAS) this morning announced that it is to conduct a mandatory redemption of $2.3 million of its secured bonds after investment in its conventional hydrocarbon assets fell short of the required $15 million last year by the aforesaid $2.3 million. It may seem that this is good news in that the company is being prudent, but I suspect that this is bad news on two fronts.

FRAUD Jiasen - ouzo time as Filthy Forty AIM departure #24 is booked, NED walks

Published 173 days ago

Did it jump or was it pushed? ShareProphets AIM-China Filthy Forty posterboy Jiasen (JSI), one of the Fujian four, has announced this morning that it is proposing to delist from AIM and move instead to NEX (the lobster-pot formerly known as ISDX) - just when we thought that the race to AIM departure #24 from the Filthy Forty was down to a two-horse race between Asian Citrus (ACHL)and MoneySwap (SWAP). Jiasen also announced the departure of a NED with effect from the end of February.

Cluff is a good speculative oil and gas exploration play

Published 174 days ago

The last couple of years have been a torrid time for those holding shares in small oil and gas exploration companies in general, with very few exceptions.

Tom Winnifrith Bearcast: Corporate lying & using the wrong words: I am sounding like my father

Published 175 days ago

If I sound more like my father that is a good thing for he is honest and precise in his use of language, although he would not use some of the "french phrases" which occur in this podcast. I discuss the use of language and how wording has an exact meaning - this is in relation to Coral Products (CRU) which needs to clarify something. I do not think it is a fraud and it can easily blame its useless Nomad Cairn. After what it has signed off for Cloudtag (CTAG) few will fail to accept such an excuse. I then move onto deliberate lying by AIM Companies which is actually quite rare. Gross over-promotion is quite common. I explain the difference. Cloudtag and Advanced Oncotherapy (AVO) are mentioned in detail in this section. In discussing what is a fact I refer to my article of yesterday on Holocaust Memorial Day which is HERE

Filthy Forty – the race to execution #24 hots up

Published 175 days ago

That the ShareProphets AIM-China Filthy Forty is already down to just 17 members is, of course, a shocking indictment. 23 AIM departures later, we have been waiting for number 24 for quite some while but it looks as though the two front runners are battling it out to the finish line. Not to be outdone by MoneySwap (SWAP) and its Tuesday suspension update, Asian Citrus (ACHL) followed suit yesterday. Both are overdue with accounts, one perhaps to do with solvency and the other over allegations made which read to me like allegations of fraud.

Buy Veltyco

Published 175 days ago

In the current market environment, it is rare to find an ‘ahead of expectations’, growing company on a low prospective near-term rating. However, that is the case with Veltyco Group (VLTY)

Table of shorted AIM shares - week to 27/01/2017

Published 175 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

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

Published 177 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.

DiamondCorp – grim after-hours update, light at end of tunnel fading fast

Published 177 days ago

Having wondered whether there may be light at the end of a very long tunnel for AIM- and JSE AltX-listed DiamondCorp (DCP), the company released a very disappointing update last night. Even more disappointingly, the RNS hit the wire at 6.31pm, delaying the close of the RNS system for the day. Talk about no-one-is-watching o’clock. The news was bad enough, the contempt for shareholders shown by the timing is a disgrace. It looks like all that may be on the menu is toast.

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

Published 177 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.

United Cacao: want to know about the mega fraud or do you want the bad news?

Published 178 days ago

United Cacao (CHOC) which has until February 4 to find a new nomad or it will be slung off AIM has bad news and very bad news. Let's start with the very bad news - it appears to have engaged in massive fraud. When I say "it" the allegation is against former head honcho Dennis Melka who walked the plank on January 5.

Fitbug placing - how the spivs of the AIM Cesspit operate

Published 178 days ago

Today AIM listed serial disaster story and cash guzzler Fitbug (FITB) has announced that it has raised £1 million at 0.2p. The shares have crashed to 0.19-0.2p on the news ( a fall of 26%) but if one looks at the trades you see the sordid underbelly of the AIM Cesspit in full play.

China fraud MoneySwap – another short term bailout loan means the parrot can rest a little longer

Published 178 days ago

Yesterday ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) updated on its parlous financial position and the long-promised recapitalisation rescue. It has borrowed a bit more urgent financing, but warned investors that it’s suspension from trading on AIM (since 21 September last year) now has less than two months to run before the company is led to the AIM execution chamber.

CloudTag – when does the L1 funding package fall apart?

Published 179 days ago

Tom Winnifrith and Waseem Shakoor were commenting yesterday on where shares in AIM-listed CloudTag were heading. Obviously the end target for a company with still no working product available to sell, revenues of zero and stonking cash-burn is nil. But the focus of attention is the L1 funding package and when it could fall apart.

Sinophi walks , Disingenuous Advanced Oncotherapy is fucked - insolvency beckons

Published 179 days ago

Yesterday I goaded AIM weasels Advanced Oncotherapy (AVO) to come clean on the status of its relationship with Chinese distributor Sinophi, HERE. It seems the world moves quickly because Advanced has today announced that Sinophi has, as of yesterday, "terminated" its orders and at a stroke the order book goes from $150 million to nil. But this smells all wrong and at the same time means that Advanced may well go bust within five weeks. Let me explain.

Cloudtag - Sub 5p by end February says Bear Raider Waseem Shakoor

Published 180 days ago

Shares in the AIM listed fraud Cloudtag (CTAG) have dribbled lower to 6.5p to sell today but what is noticeable is the volume, or rather lack of it. In the face of a complete lack of orders from CES as well as minimal evidence that Cloudtag even has a sales ready product, buying interest seems to have tried up. Even the Bulletin Board threads are going quiet as the company appears to have stopped issuing lies about orders, potential orders and shipments of product. So what happens next?

DiamondCorp – light at the end of a very long, dark tunnel?

Published 181 days ago

It looked for all the world as though it was curtains for AIM-and JSE AltX- listed DiamondCorp (DCP), but an announcement on Friday sees the company having managed somehow to get a placing away to raise £1 million. Amazingly, with the shares suspended at about 2p pending clarification of financial position in November last year, the placing appears to have been concluded at 4p per share but the issue of warrants on a 1:1 basis, exercisable at just 1p rather takes the shine off that. Even so, the package looks set to raise (assuming full warrant conversion) much-needed cash at an average of 2.5p a share – a premium to the suspension price.

Stuttard’s Septic Seven – January update

Published 181 days ago

Marcus Stuttard, the head honcho of the AIM Casino would have us believe that the market is tightly regulated by his team of oxymorons at AIM Regulation. In order to demonstrate his faith in his own system we thought it a good idea to pick him a portfolio of seven stocks which we have Red Flagged so that he could put his own money into them and show us all that there is no problem of fraud on the world’s most successful growth market. Here is the January update for Stuttard’s Septic Seven.

Table of shorted AIM shares - week to 20/01/2017

Published 182 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Rurelec – receipt of Statutory Demands: Fat Lady in the building?

Published 184 days ago

Having inherited a train wreck from Peter Earl and his former colleagues in the AIM-listed Rurelec (RUR) boardroom, the current directors of the company have been living something of a hand-to-mouth existence surviving on scraps of short term finance while they try to rescue what has long appeared to be a basket case. But not satisfied with his fine work at the company (before departing in 2015), it seems Mr Earl has one last hurrah for his former shareholders. This morning the company announced receipt of Statutory Demands from AIM-executed IPSA (IPSA) and from Independent Power Corporation plc. Uh-oh.

CloudTag – are there fees/costs we don’t know about ref. L1 warrants?

Published 185 days ago

I just ask a simple question about AIM-listed CloudTag (CTAG) and this pesky financing deal with L1 involving convertible loan notes and associated conversion warrants. Something caught my eye in yesterday’s RNSs from the company, in which it announced yet another loan conversion – and the first (I expect of a great many) warrant exercises by L1.

CloudTag – predictably another conversion by L1, but now warrants being exercised too

Published 186 days ago

This morning AIM-listed CloudTag (CTAG) has announced, predictably enough, another loan note conversion by L1. But in what looks to be a bit of a surprise move, L1 has also elected to start on the warrants too, despite there still being loan notes outstanding. But oh dear, what about the dates…..

Teathers releases Annual Results: where has all the money gone?

Published 186 days ago

Formerly AIM-listed Teathers Financial (TEA) has released numbers for the year to 31 October 2016. They are truly shocking. In its year to October 2015 the group balance sheet sported a net assets value of about £800,000 having raised just over £1 million in the year. That is pretty bad. But as at 31 October 2016 (having raised no further cash) net assets came in at about just under £70,000 with just £658 in the bank. Where did it all go?

Tom Winnifrith Bearcast: possibly the biggest scandal in AIM history to go nuclear this week?

Published 187 days ago

Weekend press reports (not in the UK natch as the British press is ignoring this £2 billion City scandal for reasons one can only imagine) suggest that the FBI is now investigating. Already in France there have been arrests including that of the CEO of Areva - Atomic Anne - which bought AIM & TSX listed Uramin for £2 billion and had written all of its assets off as worthless within three years. There is also a major new investigative book out on the scandal due out on Thursday. I am sure my good friend Jim Mellon will be ordering an advance copy. Elsewhere I look at Vislink (VLK), at the train wreck waiting to happen at Advanced Oncotherapy (AVO), at Fitbug (FITB) and Cloudtag (CTAG) and then finally at SalvarX (SALV) - placing ahoy on this related party express train to planet hype.

Andrew Monk's third share tip of the year - the best lottery ticket you will ever buy

Published 187 days ago

Top stockbroker Andrew Monk of VSA has today served up his third share tip of the year (following from his win with Sula HERE) and it is a real "hell or glory play". it is right now TSX.V listed but there is an AIM listed way to play it. Over to the Monkey...

Bulletin Board Moron of the Week - its ouzo time as Potash booted off AIM

Published 188 days ago

Send Tom Winnifrith a fascist lawyers letter as the fraud African Potash (AFPO) did on September 1 and your fate is sealed. Today African Potash was formally booted off AIM. Now it will fail to raise cash on NEX (formerly ISDX) and will go bust soon. Lyin' Chris Cleverley meet Karma. Ain't she sweet? Amazingly there are still some people out there on the Bulletin boards who think its all my fault and Lyin' Chris runs a great British Company. Whatever. In that vein please nominate the most moronic Bulletin Board or twitter comment you can find in the comments section by midnight on Sunday 15th January. Have fun!

Is Daniel Stewart about to set sail into the sunset?

Published 188 days ago

A couple of interesting filings on Companies House leave me wondering whether former AIM-cesspit posterboy Daniel Stewart Securities plc (DAN) is being prepared for a quiet execution. It was clear from the (stunningly) late-filed 2015 Accounts that is was in serious trouble, and last year a debenture over the parent seemed to have morphed into a debenture over its subsidiary, Daniel Stewart & Co plc. Now the previously wholly-owned subsidiary, which contains the trading business, seems to have been raising money on its own account.

Table of shorted AIM shares - week to 13/01/2017

Published 189 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

We've brought our next hot share tip forward as it is so hot - catch it for just £5 TODAY

Published 190 days ago

We were not planning to serve up our next share tip until the end of the month. But shares can move fast on AIM and we have identified a stock where something really is bubbling. And so our next hot share tip is out TODAY (Friday 13th) at 2 PM. we are working hard on it now.

Filthy Forty Taihua – rum’n’coke RNS re AIM Rule 26: Bargepole

Published 190 days ago

And so after its website disappeared at least as early as late November last year and two failed efforts at getting a replacement available so as to comply with AIM Rule 26, ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has finally issued some Jackanory of a statement saying it now won’t be complying until Monday next week. The explanation may seem reasonable, but in context they’re ‘avin’ a bubble.

Parallel Media – Harwood says thanks very much for the spoof

Published 191 days ago

On Wednesday I called shares in AIM-listed Parallel Media (PAA) as a sell at 30.75p in the face of what appeared to be a BB pump and dump spoof on Tuesday which puffed the shares from 16p up to a peak of 46.5p in the middle, with a “speeding ticket” RNS released later that day. The shares have since come back to 24p mid (last seen), having put in a floor earlier today of 20.5p. Now we have had a NED walking with immediate effect after Harwood Capital had dumped the last of its holding.

FARCE!! Filthy Forty Taihua – second new website blocked, another missive to AIM Regulation

Published 191 days ago

This is descending into farce: almost seven weeks ago we noted that the company website of ShareProphets AIM-China Filthy Forty play Taihua (TAIH) had disappeared. Following two missives to AIM Regulation, finally a new website was notified by RNS on Wednesday but it lasted less than 24 hours before being blocked – one assumes by the Chinese authorities, since the notification was in Chinese. Not to worry, yesterday the company notified another web address for its website but this morning that too has been blocked.

Filthy Forty Taihua – London Busses time as another new website is announced

Published 192 days ago

Oh dear, oh dear. Having been banging on about the disappearance of the company website of ShareProphets AIM-China Filthy Forty Taihua (TAIH) and being pleased to note the announcement yesterday of a nice shiny new site, this morning it seems as though it too is not working. But lo and behold, at 11am up pops the company with another RNS, announcing that it is all change again, and that the new site is to be found at www.thuaplc.com. Nothing for six weeks, and then two come together!

Filthy Forty PCGE Entertainment: it is hats off to Saint Richard Poulden as rescue deal revealed

Published 192 days ago

ShareProphets AIM-China Filthy Forty play PCG Entertainment (PCGE) has announced a rescue deal. It is great news for shareholders and a stunning coup for head honcho Richard Poulden, the Chairman, who stepped up to the plate following the shocking emergence of difficulties involving previous top dog Mr Kung Min Lin and a deal to buy Centre Point Development Corp (CPDC). The deal announced today looks to be a full lancing of the boil.

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

Published 192 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.

Have you lost money on the Cloudtag fraud? - Grant Thornton might help you get it back

Published 192 days ago

With shares in the AIM listed fraud Cloudtag (CTAG) having slumped from a peak of 25p to c7p there are already many investors who have lost money. Over the next few months as the share price dwindles towards zero there will be legions more. But help may be at hand from Grant Thornton's fraud insolvency and recovery team.

UPDATE: Filthy Forty Taihua - Company Website news at long last

Published 192 days ago

Well there you go: two letters to AIM Regulation and half an hour after the second one is published ShareProphets AIM-China Filthy Forty Taihua (TAIH) releases an RNS saying it has a new website: www.taihplc.cn. Amen to that - and a rare well done to the oxymorons. A dot.com becomes a dot.cn - was that really so hard to explain to the market in an RNS, that it has taken over six weeks to update investors since the demise of the company's previous pages?

Filthy Forty Taihua – Another letter to AIM Regulation: still no website, still no buy-back, still no update on related party receivables.

Published 193 days ago

ShareProphets Aim-China Filthy Forty play Taihua (TAIH) is having a giraffe. The buy-back announced last August, to be paid for from an Open Offer long since completed hasn’t happened. There has been no update on the matter since the end of September. The accounting matters over related party receivables which the company, in its FY15 Annual Report promised an update on has seen no further comment. The website has disappeared, meaning that the company is in breach of AIM Rule 26 – a matter I raised with AIM Regulation on 29 December last year.

Advanced Oncotherapy - where is that new funding you promised brokers would arrive by December 31?

Published 193 days ago

AIM (very) bad boy Advanced Oncotherapy (AVO) did its best to ramp its shares following the shock loss of its entire order book back in November. Or was it October? Glitzy promo videos and spoofing share purchases by NEDs phased out to have maximum effect on fooling the gullible managed to get the shares back to c90p. But now folks are looking behind the smokescreen of bullshit and the shares are tumbling again, to 73.5p. Since this company has committed securities fraud my target remains 0p. The questions are mounting fast.

Parallel Media – a SELL as share price rise forces statement: a lesson in following the BBs

Published 193 days ago

Yesterday morning shares in AIM-listed Parallel Media (PAA) shot out of the gates from the start of trading, peaking at a gain of almost 200%. Meanwhile, over on the LSE Asylum the PAA bulletin board was full of speculation about a corporate deal which would see the shares roof it. 50p, 100p here we come. Having opened the morning at 16p, the stock peaked at 46.5p (mid) with peak prices paid of 48p. But then the company spoke….

Tom Winnifrith Bearcast: A Smorgasbord of Cr*p AIM investments & 1 I like

Published 194 days ago

A wide ranging bearcast today covers: Aurum Mining (AUR), Range Resources (RRL), SpaceandPeople (SAL), Harvest Minerals (HMI), Rosslyn Data (RDT), Cloudtag (CTAG) in the post fact era - Adrican Potash (AFPO) and Avanti Communications (AVN). 

Cloudtag and Onitor - an expert writes

Published 194 days ago

I am not an expert on the intracies of technology and so I often seek outside advice when my speciality (sniffing out AIM frauds) comes into contact with tech. And thus I asked an expert to review the dynamite CES video on Cloudtag (CTAG) we published yesterday. The expert watched it and wrote:

Optibiotix - 2 announcements, this is tidying up ahead of big news: buy

Published 194 days ago

There are some announcements that an AIM listed company has to make as they are material but in terms of excitement we are talking paint dry. So you just clear the decks and announce them and when all the news is out you - hopefully - have something to announce which will get folks interested. And so it is with Optibiotix (OPTI).

The weasel words of lyin Chris Cleverley reviewed as FRAUD African Potash booted off AIM

Published 194 days ago

The fraud African Potash (AFPO) has been formally booted off AIM today as no Nomad is prepared to act for it. It is a day of shame for lyin Chris Cleverley the CEO and his senior NED Lord Peter Hain of sleaze. The shares are now only listed in the joke lobster pot that is NEX Markets, it is almost impossible to sell in any size and even harder to raise cash as a company. So Potash will soon go bust. At the weekend I explained the very odd timeline of seven days in September that lead up to the last Nomad, Cantor Fitzgerald, quitting. Now look at lyin' Chris's words since.

Open letter to Cairn: after shock video exposes wholesale Cloudtag lying you must quit NOW

Published 195 days ago

Hapless Nomad Cairn has so far refused to resign as adviser to the AIM fraud Cloudtag (CTAG) despite incontrovertible evidence of house it has misled investors with RNS statements that are outright lies throughout 2016 and in doing so has committed blatant securities fraud. Today's shock video from CES where an Onitor spokesman admits that there is no release date yet is surely the straw that breaks the camel's back in that it directly exposes as a lie every statement made in November & December about 2016 sales that was used to get away a £4.1 million death spiral fund raise. I have written to Tony Rawlinson & Liam Murray at Cairn and cc'd in that useless poltroon Marcus Stuttard, head of the oxymorons at AIM Regulation demanding a statement and action.

Writing to NOMADs. A New Year Resolution. First Off is Harvest Minerals.

Published 195 days ago

I have often grumbled about the inadequacies of the AIM NOMAD system which has always seemed to me to be an inherent conflict of interest. That is to say that NOMADs are expected to ensure that their client companies adhere to the AIM rules and given that they are paid by these companies, the temptation to ignore transgressions is irresistible, particularly given the reputation for inaction by the regulatory authorities.

Notes from Underground: People are making money on AIM, thanks to this one old weird trick

Published 195 days ago

One of the comments made by bulletin board/Twitter morons that I always find mystifying is: "Oh, you guys are just trying to get page views."

AIM - The Bloodbath continued in December - 17 more departures

Published 196 days ago

On what the LSE claims is "the world's most successful growth market" the bloodbath seen in November got worse in December. It was terrible.

Video: When Peter met Andrea - verbal blow job for Cloudtag at CES

Published 196 days ago

And now to the CES show in Las Vegas where AIM listed fraud Cloudtag (CTAG) paid to get interviewed by a bird called Andrea.Questions in paid for interviews are not exactly tough, Andrea makes Justin the Clown look like Jeremy Paxman. The highlight is about six and a half minutes in when Peter Griffith of Cloudtag cannot even remember where his own stand is. But there is more.

Table of shorted AIM shares - week to 06/01/2017

Published 196 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Daniel Stewart – finally files 2015 accounts, almost a year and three months late

Published 196 days ago

Oh joy upon joy, the accounts of ex-AIM Cesspit posterboy Daniel Stewart Securities plc and its subsidiary Daniel Stewart & Co plc have been published. As plcs they should have filed accounts to Companies House for the year to 31 March 2015 by the end of September that year, so the date stamp of Companies House of 22 December 2016 means that they were filed almost a year and three months late. But what joys there are to be had!

Filthy Forty Asian Citrus – still no progress on fraud allegations as AIM execution beckons

Published 197 days ago

ShareProphets AIM-China Filthy Forty purveyor of biblical plagues Asian Citrus Holdings (ACHL) has updated on the long saga of its audit investigation into allegations which suggest fraud. It seems there is little progress, if any, to report as the company hurtles towards the six month mark in suspension from trading, and execution under AIM Rules 41.

Sterling Energy - just how slack is the policing of TR-1s?

Published 198 days ago

This morning at 9.30am AIM-listed Sterling Energy (SEY) issued a "Delayed Notifications of Major Interest in Shares" RNS. The apology is commendable, but this relates to two TR-1 notifications received by the company but not passed on to the market for almost 9 months.

United Cacao - it is now 10 seconds to midnight, when companies collapse it happens fast on AIM

Published 198 days ago

No-one could accuse United Cacao (CHOC) of hanging around when it came to staging its own fatal car crash. December 22nd to January 4th was all it needed to go all the way. 

Yesterday at 4.10 PM Nomad Strand Hanson quit with immediate effect. The shares are suspended and it must be game over. First, a reminder of back to mid December when the shares were 115p.

The Great Waseem on the "Seven Steps" of Cloudtag pump & hype

Published 198 days ago

Yesterday I tried to explain the psychology of AIM fraud and fraudsters with reference to both African Potash (AFPO) and Cloudtag (CTAG). The great bear raider Waseem Shakoor also published a note explaining the seven steps of Cloudtag hype to facilitate is main business of share issuance. As you'd expect it is a cracking read. Over to the great Waseem

Tom Winnifrith Bearcast: ITV News talking bollocks - the consumer meltdown is up & running

Published 199 days ago

I start with a section on the African Potash (AFPO) fraud and how and why I need those who have lost cash to contact me to see if we can seek legal redress. I am proposing to fund two small claims cases to establish a precedent. If we win either or both its ramifications for AIM are massive. Then I look at woeful lies from fake newscasters at ITN but in a macro-economic session inspired by Next (NXT), Bovis (BVS) and Cambria Auto (CAMB) I look at now clear macro headwinds which are hitting the UK partly as a result of very bad calls by the twit Carney and the poltroon Osborne and his pea brained successor as Chancellor, Phil Hammond. How can you assemble a short portfolio on the back of that? I answer reader Tony, but also suggest another short portfolio. En passant I mention Infrastrata (INFA) as well as covering CIC Gold (CICG).

CloudTag – Waseem Shakoor bang on the money again as L1 converts another slice at 6.5p, and what happened to Hector?

Published 199 days ago

Yesterday the bear raider Waseem Shakoor tweeted that he expected another conversion notice within 24 hours as L1 sought to offload another line of its death spiral loan funding onto AIM-listed CloudTag’s gullible shareholder base. Right on cue, this morning we learnt that the conversion notice was served yesterday, seeing L1 convert £250,000 of notes into shares at just 6.5p. That, against the current bid price of 8.5p. Having thought that my plan for great riches as an AIM death spiral financier might be fraught with danger, I wonder whether I should reconsider.

Table of shorted AIM shares - start of 2017

Published 200 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares where the position date was in 2016 (by net short position %)...

CloudTag – just how much cash is this company burning? £9m in 2016?

Published 200 days ago

With the L1 funding package now fully drawn, AIM-listed CloudTag has now had an awfully large amount of money, yet we are still to see a product available for it to sell. But thumbing through the RNSs of the last few months shows an incredible cashburn. Where has it all gone?

CloudTag – drawdown of final tranche L1 funding, and yet another clarification needed by Nomad Cairn?

Published 200 days ago

Two RNS announcements this morning from AIM-listed CloudTag (CTAG) this morning tell us that the company has drawn down the final amount of cash under its death spiral funding deal with L1. The problem is that the dates don’t quite work. Perhaps Nomad Cairn would care to clarify (yet again)?

African Potash Accounts finally out - damning statements by RSM Tenon auditor

Published 200 days ago

I am yet to get an explanation from Peterhouse Corporate Finance, the advisor to ISDX and (pro tem) AIM listed fraud African Potash (AFPO) as to why accounts for the year to June 30 were signed off on 28 December but not released until 3 hours and 48 minutes after the stockmarket closed for a three day New Year break on 30 December. This is surely a breach of ISDX rules and it shows, again, that the fraudsters are prize rotters. Why is Peterhouse not resigning NOW? But it gets worse, the actual, annual report was promised by 31 December but has only this morning appeared on the company's ramptastic website. Why the delay? How about not wishing to admit to damning comments from auditors RSM Tenon which show that this company is toast? The auditor does not mince its words.

ShareProphets share tips of the year number 23: Sell Telit Communications says Tom Winnifrith

Published 201 days ago

Telit Communications (TCM) is the most heavily shorted stock on AIM but its share price has proved incredibly resilient. At 275p it is almost up at 2016 year highs and the company is capitalised at £317 million. But you simply cannot defy gravity forever and, as a sell, it is my next share tip of the year.

ShareProphets share tips of the year Number 21 - Buy Minoan says Tom Winnifrith

Published 202 days ago

Minoan (MIN) has been something of an AIM uber-dog for many years. It is a stock that I have tipped with success once and with lack of success more than once. Its failure to deliver on gaining planning consent on its Cave Sidero site in Crete over more than a decade is perhaps why its shares languish at 6.25-6.5p. But 2017 will be THE year.

REACT - ghastly statement but market over-reacts: BUY

Published 202 days ago

REACT (REAT) served up a ghastly trading statement just before Christmas, but in marking the shares down to 0.7p ( market cap £2 million) traders over-reacted.

African Potash - the first broken promise of 2017 already achieved

Published 202 days ago

The prize for the first promise to be broken in 2017 has already been won. That really does take devotion to duty and so one simply has to step back and admire the pure dedication involved. Step forward AIM-listed (pro tem) and ISDX lobster-potted African Potash (AFPO), which promised to have its 2016 Annual Report available on its company website by 31 Dec 2016.

Notes From Underground: Happy New Year

Published 202 days ago

As today is New Year's Day, there is nothing to do but reflect on our activities of the past year and anticipate the adventures of the next. Starting Tuesday, we'll be back full time, although we have a few surprises planned for Monday, Quixotically jousting the windmills of AIM but for today, Happy New Year to you and your familes. 

Tom Winnifrith Bearcast - AIM down to 876 by the end of 2017?

Published 203 days ago

I start by looking at the RNS releases from Friday, the LSE really must change its rules. Then it is on to AIM - how many companies will be there at the end of 2017 and is the Nomad system just viable any more? In this section I look at Cloudtag, Quindell, African Potash and Globo among others. then I have a couple of New Year's Resolutions and I wish you all a happy New Year's Eve and prosperous 2017.

ShareProphets share tips of the year Number 19: Sell Taihua says Nigel Somerville

Published 203 days ago

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) is, in my view, a screaming sell in view of the Red Flags highlighted on this site for months. I doubt very much whether a short position is possible with this stock, but if I were a holder I’d be running for the hills.

Stuttard’s Septic Seven – update #3

Published 203 days ago

In order to show us all what faith Marcus Stuttard, the head of AIM, has in his team of oxymorons at AIM Regulation ShareProphets has selected a beautifully diversified portfolio of stocks for him to invest his own money into. Of course, all seven have been Red Flagged on this website but since was all know that all is well with the regulation of the world’s most successful growth market we are sure that Mr Stuttard will want to demonstrate his trust. At the last update his portfolio was down by 11.6%. Has it fared any better as we close out 2016?

Looking forward to 2017 – another year of fraudbusting beckons

Published 203 days ago

That the London market – and especially AIM – is fleecing investors on a regular basis is a given in these parts. Of course, most companies are run by honest individuals but the regulatory set-up is failing to bring those lacking in morals to book and investors need protection. It is not even the community of BBMs who need to be looked after either – consider the plight of those whose cash has ended up in institutional hands such as those of Tom Dobell of M&G and despatched to the great central bank in the sky via the fraud Quindell.

ShareProphets Share Tips of the year Number 17 - Sell Eden Research says Tom Winnifrith

Published 204 days ago

In the long run buying shares in companies that break accounting rules, commit fraud and which are running out of, other people's, money is a recipe for poverty and thus AIM listed fraud Eden Research is my second share tip of the year, like my first (Cloudtag HERE) it is as a sell. The shares are now xxp but this is a sell at any price down to 0p. Frauds are always worthless in the end.

Why it is often difficult to value small resource companies accurately

Published 204 days ago

Valuing small resource companies can be difficult, and often they will appear to be far cheaper than they really are. The bulletin boards, Twitter, etc are full of people extolling the virtues of the companies that they are invested in and pointing out that they should be worth far more than what the share price currently reflects.

Tom Winnifrith Bearcast: Why Criminal Aidan Earley must be defeated for the sake of AIM and for Natural Justice

Published 205 days ago

If the bonkers convicted criminal Aidan Earley goes through with his threat and takes legal action against me I shall see him in court and - once again - I shall defeat him. I explain what happened last time we met and why it is vital that Earley is now crushed. If he wins I shall quit writing about shares and this website will close. You say "so what?". The point is that if Earley wins it will become suicidal to run negative articles even on the most blatant of frauds, he will have established this principle. London will become a safe haven for fraudsters. That is what Earley wants. This article HERE is referred to when I say how FEW companies I accuse of fraud, contrary to what the dirty little criminal Earley says.

ShareProphets share tips of the year Number 16: Sell IGAS says Nigel Somerville

Published 205 days ago

A year ago I made AIM-listed Igas Energy (IGAS) my one suggestion – as a sell - as part of the ShareProphets tipfest for 2016. Without wishing to sound like a broken record, it is still a sell – and the clock is really ticking now especially in the light of this morning’s RNS.

Open Letter to AIM Regulation: Does AIM Rule 26 count for anything? (ref F40 Taihua)

Published 205 days ago

The broken record is still going with regard to ShareProphets AIM-China Filthy Forty play Taihua (TAIH) and its missing website, the share buy-back promised back in August (and funded from an Open Offer) and, of course, the update over related party receivables which the auditor wouldn’t sign off in last year’s accounts. Now, in the season of goodwill, it is time for one last missive for 2016 to the oxymorons at AIM Regulation with regard to compliance with AIM Rule 26. We just such nice guys here at ShareProphets, we just want to help.

ShareProphets 2016 New Year “bury bad news” Sweepstake

Published 205 days ago

We had, according to the totally unbiased  panel from the Global Shorting Conspiracy, a stonking 23 bad news RNSs released on the last trading day before Christmas -  with a couple of stand-out releases from Kenmare (KMR) and TLA Worldwide (TLA) which really took the biscuit. But how many will we see this Friday, the last trading (half-) day of the year? Place your bets….

Vela Interims - These admin expenses we like

Published 206 days ago

Tired of AIM boards who take the piss, bigging it up at the expense of shareholders? Yes we are too. So before going any further we note with some pleasure that half year admin expenses at Vela PLC (VELA) were just £62,000. That is good. Well done.

2016 a bearcast year in review: Tom Winnifrith's favourite 10, and your top thirty

Published 206 days ago

When I started bearcasts the plan was not to do them on a daily basis. But that is the way they are now produced. I have the odd day off but I enjoy recording. You cannot generate a typo in a bearcast. Sometimes the language is extreme, sometimes - as when, like now, I am with my father, - I speak like an Angel. The point is I say what I think and for some reason, most weeks, the bearcasts are always among the most read articles on ShareProphets.

Tom Winnifrith Christmas day Bearcast - the U to Z of AIM fraud

Published 209 days ago

Happy Christmas One and all. This podcast follows on from A-E HERE, F-J HERE, K-O HERE and P to T HERE. Okay I cheat a bit here but with these letters it is tough but, inter alia, I cover: the USM, Uramin - my old pal Jim Mellon's company, United Cacao (CHOC), Worthington (WRN), the three Ex's , Xcite Energy (XEL), Xtract Resources (CTR), Yolo Leisure (YOLO), Zeus Capital and the late lamented Gable (GAH)

Chris Cleverley, Lord Hain, Cantor Fitzgerald - who will shareholders sue over African Potash fraud, ShareProphets puts wheels in motion

Published 209 days ago

We have been contacted by a number of shareholders in African Potash (AFPO), which is now on ISDX and will soon be booted off AIM Formally and will go bust within weeks, who have lost money and want to sue someone over this fraud. We will back any such action with a generous donation but the question is who to sue and on what grounds? But, sorry to break the bad news to certain folks on Christmas day, but wheels are in motion...certain folks may wish to call a lawyer PDQ

Filthy Forty Asian Citrus: pole position for the next AIM-China execution?

Published 210 days ago

There are a few contenders for this title, but an update this morning from ShareProphets Aim-China Filthy Forty purveyor of biblical plagues and (apparently, now) not-quite-failed-yet property deals suggests to me that Asian Citrus Holdings (ACHL) might be booking its place in the Filthy Forty AIM departure lounge.

Tom Winnifrith Bearcast - the P to T of AIM fraud

Published 210 days ago

This podcast follows on from A-E HERE, F-J HERE, and K-O HERE. It is perhaps my longest podcast for many moons but are you surprised? Think about what I cover: P is for Potash - as in African (AFPO), Q is for Quindell (QPP), R is for Revenue Recognition as in Redcentric (RCN) and Servision (SEV), S is not for smear (as in Citigate Dewe Rogerson you total and utter bastards) or Strat Aero although both are mentioned but for Sam Antar and T is for Terry as in Rob, 

Table of shorted AIM shares - week to 23/12/2016

Published 211 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week (see HERE). The big move is the increase in the Telit short.

A year of fraudbusting by ShareProphets reviewed - what a bumper crop we had in 2016

Published 211 days ago

Some of our critics, notably the felon Earley, reckon we go after companies as part of some convoluted con whether those companies are good or bad. Those who actually read our site will know that very few of the companies we have attacked have been anything other than disasters for investors. The one we got wrong and admitted as much was Boohoo. But boy did we make some gutsy calls in 2016 - we had a bumper year of fraud busting.

CloudTag – “Fiske”ing yesterday’s “clarification” RNS: was it more an “obfuscation” RNS? Answers required from Cairn.

Published 211 days ago

The ‘fessing-up RNS of yesterday leaves a few unanswered questions – so many that I just can’t help but wonder whether what we think we are being told is not actually the same as what we are being told. Let me explain as we “Fiske” the text and wonder whether there had, in fact, been a retrospective alteration to the terms of the loan conversion and associated warrant terms.

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

Published 211 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.

GOTCHA CloudTag! But now tell us about the loan conversion terms

Published 211 days ago

And so AIM-listed ClieTag (oops) CloudTag (CTAG) duly ‘fessed up in the wake of my piece yesterday that it had not been telling the truth. Again. But it gets worse, as the company only dealt yesterday with hitherto undisclosed warrant exercise terms. It did still does not clear up the issue of the loan conversion terms and so, unbelievably, yet another confessional RNS statement is needed. 

Cloudtag - was the EGM approval for share issuance invalid? How can Nomad Cairn not quit NOW?

Published 211 days ago

It seems like an eternity of lies ago but the EGM of AIM fraud Cloudtag (CTAG) was in fact just 11 days ago and at that meeting shareholders approved two motions relating to share issuance that allowed the L1 death spiral to go ahead. But they were lied to.

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

Published 212 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 – L1 converts, company takes the piss. Will Nomad Cairn now finally walk?

Published 212 days ago

Well surprise, surprise. AIM-listed CloudTag (CTAG) gets its shares unsuspended and a few days later L1 converts another batch of loan notes, as announced in last night's no-one-is-watching o’clock RNS. OK, no great surprises so far – especially in view of the price action since the suspension was lifted. But look at the terms: has there been a a material and previously unannounced change, and if so, when?

Cloudbuy Trading Statement: no rush to buy

Published 213 days ago

Having announced on 2 December that it had drawn another £1 million from its secured funding package, leaving me wondering how long it would be before the company had to get out the begging bowl, AIM-listed Cloudbuy (CBUY) has at least delivered on its promise of a trading statement before the end of the year, if not yet the lorry-loads of Hartleys long overdue.

The stockmarket comeback of Jason Drummond of Teathers infamy, thanks to Fatty Cornish - but uh oh legals looming?

Published 213 days ago

Those who lost money on Teathers Financial (TEA) must have assumed that there would be no stockmarket comeback for those involved in incidents such as THIS and THIS as well as the complete wipeout for shareholders. No self respecting adviser would inflict another such creation on public markets would they. But we reckoned without London's worst Nomad, the tax averse Mr Roland "Fatty" Cornish.

Convicted felon Aidan Earley of Worthington infamy goes into bat for Cloudtag - labels Tom Winnifrith a corporate serial killer

Published 213 days ago

The increasingly deranged ramblings of convicted criminal Aidan Earley of Worthington (WRN) infamy get more bizarre with the poor man now going into bat on behalf of Cloudtag (CTAG). Poor Amit Ben Haim, with friends like this no wonder his shares are tanking.

Our Monday share tip is up by 26% so far but it will double from here - catch it and 4 more tips for just £5 NOW!

Published 214 days ago

Our Monday share tip is up by 26% in 1 day but it will double from here - catch it and 4 more tips for just £5 NOW!

Cloudtag: An Open Letter to Cairn Financial - when will you quit as Nomad? Now?

Published 214 days ago

It is an open secret in the City that Cairn Financial will, at some stage, cease to act as Nomad for Cloudtag (CTAG). And given that the AIM listed company has lied to investors on a serial basis and also committed securities fraud no other Nomad will take this account on. As such, when Cairn quits, the shares will be suspended and a month later booted off AIM. That will preclude any more fund raisings and so will mean shareholders lose everything as the company goes bust. This situation is unfair on investors and so I have written to Cairn. That is because I am just a nice guy.

CloudTag – draws first half of Tranche 2, but where did £50k expenses come from?

Published 214 days ago

After last week’s “cleansing” RNS which saw the previous suspension finally lifted, you would have thought that there were no further little surprises to come from AIM-listed CloudTag (CTAG). So imagine my surprise at reading yesterday’s RNS announcing the drawdown of the latest lump of cash from L1: just where did £50,000 of expenses come from?

Tom Winnifrith Podcast: Discussing Big Sofa with Adam Reynolds

Published 215 days ago

Big Sofa Technologies (BST) IPO'd on AIM today at 17p - the shares are now 21p. It is the latest Adam Reynolds stock and we own "a few" shares. I recorded this podcast to discuss the investment case with Adam.

Five hot share tips for just £5 - starts Monday 7.45 AM (TODAY!): Don't miss out!

Published 215 days ago

On Friday we published an update on a tip from a few months ago. We tipped the shares at a 4.25p offer, they are now 6.75p to sell so that is not a bad return for 5 months work. BUT IT IS NOT ENOUGH! The shares are still cheap and we won't be advising selling till they are 8p or more which they will be very soon.

It’s Back! The 2016 ShareProphets “bury bad news” Christmas Sweepstakes is now live

Published 215 days ago

Bah humbug! Christmas is next weekend and so this whole week coming up is already marked on the calendar as no-one-is-watching o’clock. The last trading day before Yuletide falls on Friday 23rd and thus is the perfect time for a company to slip out bad news and so once again we bring you the ShareProphets “bury bad news” Christmas Sweepstakes. Place your bets…..

UPDATED: Tom Winnifrith Bonus Bearcast: was it Cloudtag fined £75,000 by AIM Regulation - a dark day of shame for the Casino

Published 215 days ago

Update. I have it on good authority that it was NOT Cloudtag fined. Hpefully uit will be. The share tip I mention at 7.45 can be accessed for £5 HERE. The notice of the £75,000 fine by AIM Regulation on an un-named company, levied last Thursday is HERE. That company not Cloudtag (CTAG) - it should be. Whoever it is should fess up. This is a dark day for AIM as it has fined the wrong party (the shareholders not the board) and in not naming the company it also screws the shareholders again. Regulators have form with private censures that let everyone down. I compare this to the 3DM scandal.

Tom Winnifrith Bearcast: The K to O of AIM fraud & a dire warning on property

Published 216 days ago

I start this podcast with an absolutely dire warning on property as an asset class. Malcolm Stacey is wrong just look at the most recent Begbies data and think about it long and hard. Then I continue my series on AIM fraud. A to E is HERE. F to J is HERE and today I look at K to O covering Kevin Ashton, Lawyer's Letters, Minmet and Mike Walters, New World Oil & Gas and Odey Asset Management. I stress Odey is not a fraud but I'm making a general point about fund managers. My Scrooge article I mentioned is HERE. The next part of this series is P to T - any suggestions for what Q and T might cover?

Vislink – a great example of a “when the facts change” volte face

Published 216 days ago

Shares in AIM-listed Vislink (VLK) have had a roller-coaster couple of years. They started 2015 at around 41p, raced ahead to 60p by mid-year (2015) but now languish at just 12.625p as at last week’s close. Having been tipped by Steve Moore in the ShareProphets 2015 Christmas tipfest as well as making an appearance on the Nifty Fifty courtesy of Steve and Tom Winnifrith did it all go wrong for the duo? Er, no. As the old saying goes, “when the facts change”….

Notes from Underground: It's beginning to feel a lot like higher page views

Published 216 days ago

The week that follows Christmas Day is the slowest of the year on ShareProphets reader views - but we'll still be here. The two weeks before Christmas always seem to be some of the highest rated weeks. I don't know whether is some sort of reality avoidance action or ShareProphets readers are actual embodiments of Scrooge - a personal hero on Tom's as he has explained today HERE.

Table of shorted AIM shares - week to 16/12/2016

Published 217 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

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

Published 217 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,

How many of Cairn's clients are frauds and how many will quit to avoid reputational damage? I list them all...

Published 218 days ago

Nomad Cairn has not resigned as adviser to Cloudtag (CTAG) even though it has lied to investors on a serial basis and committed Securities fraud. Cairn's reputation is thus in tatters. It thus begs the question of how any of its other clients are frauds, how many are simply not investment grade material and how many of the few good clients will want to be associated with the disgraced Nomad for much longer as it will not help their share prices to be linked to this rotten, stinking adviser. The clients are listed below by AIM or ISDX category.

China Norfolk MoneySwap – refinancing delays but the parrot is just resting. Honest, guv’

Published 218 days ago

Well I guess it is not dead yet, but ShareProphets AIM-China Filthy Forty poster-boy MoneySwap (SWAP) sure is pushing the line. Having bundled through shareholder authorities to get enough headroom available for a rescue bail-out at its last AGM even without a firm proposal on the table last June, apparently due to the urgency of the situation, here we are six months on and still there is no deal – and the company is running on the fumes of a series of emergency loans. What’s the point?!

CloudTag – trading restored as company gets back to what it does best

Published 218 days ago

Wow! I’d love to have been a fly on the wall over at Cairn Financial as the wording of last night’s no-one-is-watching-o’clock RNS from AIM-listed CloudTag (CTAG) was being, ahem, “discussed.” I wonder how long that lot took to put together….since last Friday? It was a real shocker.

Tom Winnifrith bonus bearcast - more lies from Cloudtag, shares to restart trading Friday: SELL

Published 218 days ago

Cloudtag (CTAG) has released an after hours RNS. It beggars belief that Nomad Cairn has signed off on this shite, More lies to compound earlier lies but also an admission of more breaches of AIM Rules and that 2016 sales will be zero, contrary to earlier lies. It is all utter horseshite and in this special podcast I take apart this statement bit by bit. It is a bad day for AIM. Cairn you should be ashamed and is beneath contempt. Cloudtag has lied and committed fraud and its shares are a sell with a 0p target.

Sula - meeting with Roger Murphy at Heathrow Airport

Published 219 days ago

Yesterday I was explaining how silly it was to say I was bashing Cloudtag (CTAG) because its CEO is Jewish. I am an ardent zionist and very keen on the Jews. The Welsh however, that is another matter altogether. Where do I start when it comes to the race of short, untrustworthy, bone idle, sheep molesting, welfare addicted whingers who blame all their woes on the English? Oh yes, I met a nice Welshman yesterday. Don't get me wrong some of my best friends are Welsh. Well my daughter anyway.

Q&A with John Blamire of Falanx Group

Published 219 days ago

There is a very strong AGM statement today from Falanx (FLX). I must declare that we own shares in this company. What follows is a Q&A I have just done with Mr Falanx John Blamire.

"Timber! time" at Avanti Communications & the sheer pointlessness of Edison Research - the worst research note of 2016

Published 219 days ago

Shares in drowning in debt Avanti Communications slumped again on Wednesday to a new record low of 18p - the market cap is now just £27.6 million and death is imminent. As I pointed out at the weekend, its shares could be suspended on December 30th but its real worry is insolvency - it will be out of cash by January and it looks impossible to refinance. The cry is Timber! This once mighty AIM play is falling and will soon be lying as a rotting corpse on the forest floor. Where has all the money gone?

CloudTag – still suspended, but why no admission of shares this morning? Uh Oh.

Published 219 days ago

Oh dear, oh dear. Bad news for bulls of AIM-listed (pro tem) CloudTag (CTAG) this morning – and possibly for L1. Last Friday the shares were suspended with no reason being given, “pending an announcement”. An announcement duly followed (at no-one-is-watching o’clock) telling us that L1 had issued another conversion notice and that it was expected that dealings in the Shares will commence on or around 15 December 2016. The shares, however, remained suspended pending another RNS. Well, we’ve had this morning’s AIM notice but no such admission to trading has been announced.

The Redcentric fraud - Uh Oh: very bad news for Tony Weaver

Published 220 days ago

Redcentric (RCN) has detailed the preliminary findings of its investigations into accounting fraud. And they beg very serious questions indeed for Tony Weaver who set this company up and whose AIM listed MXC Capital (MXCP) guided it, but dumped all its shares in the summer shortly before Weaver quit - which in turn was just a week before the fraud problems emerged and the Weaver appointed FD was fired.

Red Rock small disposal, small beer: still a buy

Published 220 days ago

Red Rock Resources (RRR) has announced that it has sold 1,350,000 shares in AIM listed Goldstone Resources (GRL) for net proceeds of £15,625. Following these disposals, Red Rock's holding in Goldstone consists of 8,113,986 shares or 7.93% of Goldstone's issued share capital.

Tom Winnifrith Bearcast: the F to J of AIM fraud

Published 220 days ago

Following up on the A-E of AIM fraud at the weekend here is the F-J. Enjoy. What do you think the Q and T should be?

Tom Winnifrith Bearcast - Why hasn't Deborah White been fired for breaking AIM Rules?

Published 221 days ago

I have loaded the photos of pressing the olives from the Greek Hovel HERE. There may not be a bearcast tomorrow as I am about to start travelling soon. Today I look at LGO Energy (LGO), Milestone Group (MSG) and its CEO Deborah White who has committed market abuse and should be fired, Strat Aero (AERO), Fox Marble (FOX), Golden Saint (GSR) where I suggest a rule change is needed at AIM to deal with share dumping parasites like PR genius Steffi, and Proxama (PROX).

Milestone – Christmas Panto RNS: finally gets October Placing away.…Oh no it doesn’t!

Published 221 days ago

It seems the pantomime season has started early: AIM-listed lifestyler Milestone Group (MSG) has announced that it has raised a keep-the-lights-on placing at just 0.3p, and that of the original October placing which was announced to have brought in £1.385 million, only £60,000 has made it to the coffers. If Nomad Cairn Financial thought that its (currently suspended) client CloudTag (CTAG) was just a rogue case, Milestone begins to make it look more like carelessness.

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

Published 222 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 - the A to E of AIM fraud. Guess what C is for?

Published 223 days ago

In today's bearcast I look at the A to E of AIM fraud. It covers Advanced Oncotherapy (AVO), Boxhill (BOX, Cloudtag (CTAG), Daniel Stewart (DAN) and Eden Research (EDEN). Can you remember which two of those have sent me a fascist lawyer's letter?

Lucian Miers writes to AIM Regulation re forward selling by L1 and Cloudtag market abuse

Published 223 days ago

Bear raider Lucian Miers has again challenged the Oxymorons at AIM Regulation to take swift and firm action against Cloudtag (CTAG) for market abuse but has also raised the issue of forward selling by death spiral provider L1 Capital. This is effectively running a naked short and should thus be illegal. Miers writes: 

CloudTag – the maths on the headroom available to issue L1 conversion shares and warrants

Published 223 days ago

AIM-listed CloudTag (CTAG) has a lengthy charge sheet against it from this site. But now I want to go through the maths on the headroom available to the company to issue shares and warrants to L1 as it converts its loan notes. No doubt the company will wish to clarify the situation – perhaps with the able assistance of its Nomad, Cairn Financial, which we know is watching carefully. Draw your own conclusions from what follows - I've drawn mine!

Cloudtag: Are frauds allowed to break AIM Rule 26?

Published 223 days ago

In the greater scheme of the litany of financial crimes committed by Cloudtag (CTAG) you may well regard this as small beer. Sure. But it is a clear breach of AIM Rules and yet another thing for hapless Nomad Cairn to address if it has not decided that it has had enough of putting its (increasingly less good) name to outright lies, and resigned. So what is AIM Rule 26 and why has Cloudtag broken it?

Notes from Underground: Human sacrifice, dogs and cats living together... mass hysteria

Published 223 days ago

Well, well, well. The Cloudtag (#CTAG) saga has not just whipsawed through the wallets of slackjawed investors, it has upturned this weekly feature. A feature, for the first time since the creation of this list, has made it to #4 without being written by Tom Winnifrith. Behold Is CloudTag sitting on a price-sensitive conversion notice? by Cynical Bear.

New Bulletin Board Moron of the Week Contest sponsored by sleazy Lord Peter Hain

Published 224 days ago

I shall be saying another prayer at the little church on the way to my Greek Hovel tomorrow morning. It will be a prayer asking God not only to show strength to my source on the kerboom emails for one AIM stock but also to make Lord Peter Hain see the light about his involvement with the fraud African Potash (AFPO) as it prepares to see its shares suspended this Wednesday. Lord Hain is no doubt familiar with the book of Mark, chapter 10 verses 20-24. King James version natch:

CloudTag – “Fiske”ing yesterday’s RNS: WTF is going on?

Published 224 days ago

A great call from Cynical Bear appears to have forced a statement out of AIM-listed CloudTag (CTAG) and a suspension of the shares. But close reading of last night’s no-one-is-watching o’clock statement suggests that the announced loan conversion and warrant issue is not all that it seems. I’ll come back to the issue of headroom later, but first there are a few issues which need to be clarified by the company in short order. 

Table of shorted AIM shares - week to 09/12/2016

Published 224 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Fyffes – review of recommended offer from Sumitomo Corp

Published 225 days ago

Dublin-headquartered international grower, importer and distributor of produce including bananas, pineapples, melons and mushrooms, Fyffes (FFY) has agreed to a €2.23 per share offer from Japan’s Sumitomo Corp, seeing Fyffes’ shares on AIM currently 44.5% higher to 186.5p (currently just under €2.22)…

Filthy 40 Asian Citrus updates on (lack of) progress re fraud allegations

Published 225 days ago

ShareProphets AIM-China Filthy Forty purveyor of biblical plagues, rotten oranges and failed property deals Asian Citrus Holdings Ltd (ACHL) has updated the market on how the investigations into the allegations of fraud are going. After two and a bit months (at least) of reinforced audit procedures, it seems that little progress has been made and the company has no idea when it will ever get its FY16 accounts out. This one is looking a nailed-on certainty for being given the heave-ho from the Casino in due course, with just the mechanics to be sorted.

Filthy 40 All Asia Asset Capital – keeps the lights on with a new contender for most expensive loan in AIM history

Published 226 days ago

At the new no-one-is-watching o’clock of lunch-time yesterday, ShareProphets AIM-China Filthy Forty play All Asia Asset Capital (AAA) announced that it had received £100,000 in the form of a convertible keep-the-lights-on loan from an entity controlled by an un-named shareholder. One assumes that it must be a very small shareholder as there was no Related Party Transaction statement, but the terms suggest that the company is in a spot of bother. Er, actually a serious spot of bother.

BMR Group at 6.125p worth 27p after Kabwe news says WH Ireland

Published 227 days ago

Ok, WH Ireland employs a good selection of total tossers and it is Nomad and Broker to BMR Group (BMR) so its research is not impartial. But the news from Kabwe yesterday was good and, as you know, I am a fully paid up member of the Alex Borrelli fan club. Borrelli has saved BMR after the former chairman stole all its cash and is one of AIM's honest chaps.

Servision - vulture loan keeps it afloat for a couple of months

Published 227 days ago

My analysis of interim results from AIM dog Servision (SEV) which came out in September was that it was not generating cash and that its balance sheet was a trainwreck. I summarise of course but you can see the full analysis here.

FRAUD African Potash shares up 30% (and it was 90%) - a dead cat bounce as it debuts on ISDX

Published 227 days ago

Shares in the fraud African Potash (AFPO) made their debut on the ISDX lobster pot today and for some reason have surged on AIM. This is a dead cat bounce. Tomorrow they will be suspended on AIM and a month later booted off the Casino because no Nomad will act for this company - Cantors having given notice on September 7. The reason that no Nomad will act - despite promises from lyin' Chris Cleverley in a recent RNS that he was confident one would - is that Potash issues lies via RNS to get placings away. Thus it is a fraud.

Milestone – shambles upon shambles, is it insolvent yet?

Published 227 days ago

AIM-listed lifestyle company Milestone Group (MSG) has updated on the placing that didn’t raise the £1.385 million announced on 20 October. Having previously announced that £1.25 million of the proceeds hadn’t arrived, it now turns out that the little bit of meter-money which did arrive has now been paid back and the company is trying to do a replacement placing. Shambles upon shambles.

More damning statistics on AIM, provided by the world's "most successful growth market". Not!

Published 227 days ago

As a boy I would eagerly await the start of each month. Before I went to bed I said hares brown hares and my first words on waking would be rabbits white rabbits. That was meant to bring you luck. These days the start of the month ritual ( well six days in) involves chortling at the latest dire statistics AIM provides about itself. November was as bad as prior months. AIM is nothing if not consistent.

CloudTag – the great Waseem Shakoor on the money again

Published 228 days ago

AIM-listed CloudTag shares have again been on the up this morning, racking up to 9.125p mid last seen. L1 will no doubt be delighted. Meanwhile the saintly Waseem Shakoor explains what he thinks is going on here, explaining it all to the BBMs – as if they’ll pay any attention.

Explosive email leak - Advanced Oncotherapy and Sinophi: the real timeline emerges

Published 229 days ago

AIM promote Advanced Oncotherapy (AVO) and Sinophi have already publicly disagreed as to whether the $120 million order by the Chinese has been "terminated" or not and and on when it was "terminated". Advanced announced the bad news on November 24 suggesting no termination, Sinophi used the T word and said it told Advanced in "early November". A source out East has ensured that I have now obtained access to confidential emails from Sinophi to Advanced which show that Advanced was aware of problems far earlier and at a time when it was soliciting funds from investors. It did not tell those investors. Heads must roll.

Filthy 40 Origo borrows $2.5m at min 50% cost to keep the lights on

Published 229 days ago

You may have thought that ShareProphets AIM-China Filthy Forty investment company Origo (OPP) had put its troubles behind in and was heading for calmer waters. Having finally resolved its ongoing troubles over payouts on its preference shares, reaching a deal with Brooks Macdonald, and just a couple of weeks ago given a positive update on the progress of its portfolio and realisations, this morning the company announced that it had borrowed $2.5 million with repayment terms the higher of 50% or 12% a year (non-compounded) to discharging Origo liabilities to professional advisors (excluding those of Origo Advisors Limited) existing as at 19 August 2016.

The emails have landed - I love the smell of AIM Napalm in the morning

Published 230 days ago

The emails I referred to in Friday's bearcast have landed. Clearly my prayers on Friday night were heard. Thank you God. I have now completed the article which will expose on AIM company to the most almighty scrutiny and fallout. I want to sleep on it before publishing at some stage tomorrow. But here's a hint!

China fraud Taihua – where is the buy-back? Where is the website? Where is the update on RMB 10 million of Related Party receivables (which the FY15 audit could not confirm)?

Published 230 days ago

I keep on asking, and still there is silence: where is that buy-back that ShareProphets AIM-China Filthy Forty poster-boy Taihua (TAIH) has been promising since announcing an Open Offer to pay for it back in August? And where is the company website? And what about those Related Party receivables which were subject to an audit qualification of opinion?

Cloudbuy – loan drawdown suggests cashburn still a problem

Published 230 days ago

Friday saw AIM-listed e-marketplace play Cloudbuy (CBUY) announce that it had drawn down a further £1 million under its funding package with 11% shareholder Mr Roberto Sella. This follows the original drawing of £3.3 million back in April under a funding package of up to £5.75 million. Unfortunately it seems that cashburn remains a problem, and one wonders how long the new £1 million (and the remaining £1.4 million available under the deal) will last before the company has to get out the begging bowl.

Horse Hill Developments Limited – a new mysterious buyer and seller of shares – Essendon Investments

Published 230 days ago

I previously published a previous article about the various transactions between Angus Energy and other parties in connection with Horse Hill Developments Limited (“HHDL”). Including two very private companies namely Danadav and Flowermay which sold HHDL shares to UK Oil & Gas (UKOG) and Evocutis. 

Notes from Underground: Popcorn time

Published 230 days ago

Well, it's time to sit back, put one's feet up, and watch how the Cloudtag events unfold. Will the company avoid the terrible fate of the death spiral? Or will it, as the bulletin board morons suggest, suddenly demonstrate a viable and desirable wearable product at the CES 2017 trade fair in, oh, five weeks.

Tom Winnifrith Bearcast: 550kg of olives harvested in one day, I'm cream crackered

Published 231 days ago

I am utterly wiped out after day one of what looks like being a cracking harvest. A full photo report is HERE. In the podcast I discuss votes tomorrow in Austria and Italy and what they mean and why we bears are feeling good about the lack of a Santa Rally. Trump was Santa this year and that rally is over. I explain why I disagree with Malcolm Stacey's article today. I then look at a number of AIM stocks set to slide and why, as I refer to Steve's piece earlier. In focus: Avanti Communications (AVN), Advanced Oncotherapy (AVO), Telit (TCM), Boohoo (BOO), Tungsten (TUNG), Fastjet (FJET), Cloudtag (CTAG), African Potash (AFPO) and I have a few words about Worthington (WRN)

Table of shorted AIM shares - week to 02/12/2016

Published 231 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Metal Tiger & BMR Group Non Merger: the real story?

Published 232 days ago

I realise that there are some out there calling for the head of Alex Borelli after the failed merger attempt between Metal Tiger (MTR) and BMR (BMR), two companies where he is the CEO. I admit it all looks odd. But my initial position is based on the assumption that Borelli saved BMR, going in after the previous boss stole all the cash. Fundamentally he is a good and honest man so surely he would not do anything dodgy. Having dug around I put to you another hypothesis.

CloudTag – Share Issuance headroom maths looks grim, statement needed

Published 232 days ago

Oh dear. Oh dearie me. With the share price of embattled AIM-listed CloudTag (CTAG) still coming down faster than a Waseem Shakoor post on the LSE CTAG BB, the bid price has dropped to just 5.25p last seen. If my maths is right, L1’s outstanding loan notes can’t all be converted until after the forthcoming EGM (assuming that shareholders approve the relevant resolutions). Even then, it looks as though Tranche 2 is in danger of not being convertible if the bid price falls much further. Perhaps the Nomad, Cairn Financial, might wish to have the matter clarified to the market.

Tom Winnifrith Bearcast: Speaking at length about AIM fraud to a bird from Bloomberg

Published 233 days ago

She was horrified. I am not sure she agreed with my line that the mainstream press were part of the problem not the solution but she agreed that AIM had its issues. On the bearcast today I look at Red Leopard (RLH), Formation Group (FRM), Mobile Streams (MOS) and its charming CEO - Andalas (ADL) - whose CEO is a tosser - Strat Aero (AERO), Finnaust (FAM), Inspirit (INSP), Plus 500 (PLUS), Advanced Oncotherapy (AVO)), TrakM8 (TRAK) and Cloudtag (CTAG) plus one way of looking at it which sees 300 companies on AIM as a sort of fraud.

UPDATED: Plus500 - problems ahead in Cyprus? A compelling short

Published 233 days ago

I am back in the Hellenic Republic once again and it appears that there may be a few problems ahead for AIM listed Plus 500 (PLUS) in the Greek speaking world. A contact flags up developments in Cyprus where - as you can see in the attached document - Plus does much of its business.

Calling all Mosman shareholders - new ShareProphets Campaign, let's sack Andy Carroll

Published 233 days ago

Finally the joke AIM company that is Mosman Oil & Gas (MSMN) has got around to posting notice of its forthcoming General Meeting at where there is just one motion - the re-election of Technical Director and the face of Mosman, Andy Carroll, to the board. This is our chance - we urge you all to vote Carroll of the board.

Mobile Streams placing at 50% discount - sign up with PrimaryBid now

Published 233 days ago

The Primary Bid bandwagon is gathering speed and anyone interested in AIM should register now HERE. Today's vindication of Dave Mutton and his team is from Mobile Streams (MOS) which is doing a placing and open offer at 4p - the shares w4ere 8p last night. In days gone by this would have been for bucket shops only but now you can take part too, thanks to Primary Bid.

Igas Corporate Update: ShareProphets RNS Translation Service

Published 234 days ago

AIM-listed and over-indebted Igas Energy (IGAS) released a “Corporate Update” RNS this morning. It seems to say nothing we don’t already know but the ShareProphets RNS Translation Service has a few observations (original in bold).

African Potash - the writing is on the wall for the last day of AIM on December 7 - ISDX application made

Published 235 days ago

African Potash (AFPO) saw its Nomad Cantor Fitzgerald quit on September 7 and it is still yet to find a replacement who will sign off on its bogus and untruthful press releases. If no-one steps up to the plate by December 7 its shares are suspended and a month later they will be booted off AIM. African says it is confident it will find a replacement Nomad but just in case... the shysters have been busy.

Waseem Shakoor explains how a death spiral works for rubbish AIM Companies

Published 235 days ago

The great bear raider is a charitable soul and is doing his very best to explain to Cloudtag (CTAG) owning morons how death spirals work for frauds like the one they are invested in. What a nice guy Shakoor is, spending his valuable time educating the (soon to be) poor and stupid. Give the man a bloody knighthood for services to the intellectually challenged. Saint Waseem explains thus.

CloudTag – My plan for great riches hits a new snag

Published 235 days ago

Oh dear, AIM-listed jam- (and product) tomorrow (or sometime, maybe) CloudTag (CTAG) closed last night notching up (or, perhaps down) a bid price of just 6.75p per share. This might be causing a few headaches over at L1 Towers as it seeks to convert its remaining £1.2 million of convertible notes from Tranche 1 of its death spiral funding package. My plan to become a death spiral financier on the Casino seems to have hit a nasty problem – that of headroom in already existing share issuance authorities of the investee company running out and leaving me lobster-potted in unconvertible notes. Of course, I can “persuade” the company to increase the authorities, but time is of the essence: I want to offload ASAP and bank my bunce.

CloudTag – a well deserved bonus?

Published 235 days ago

Given what we now know about the guaranteed sales order from Second Chance and the binding heads of terms deal with Cities, I just had to have a chuckle at the content of an RNS released by AIM-listed jam-tomorrow (and product some time thereafter) CloudTag (CTAG).

Tom Winnifrith Bearcast: Is Mosman Oil & Gas the worst run shitty little AIM oil company?

Published 235 days ago

I must rush. Woodlarks beckons and then it is Greece. But first I look at: Advanced Oncotherapy (AVO) in light of last night's bombshell HERE, TrakM8 (TRAK ) - chatting to Paul Scott - Pantheon Resources (PANR), Bushveld Minerals (BMN), FastForward (FFWD), Jim Mellon's reported comments and Mosman oil & Gas (MSMN).

CloudTag – my plan for great riches takes a turn for the better

Published 236 days ago

As I consider my new career as a death spiral financier on AIM, I am watching developments at AIM-listed jam-tomorrow (if it ever has a product to sell) stock CloudTag and its funding deal with L1 with great interest. Boy, those death spiral chaps are clever!

Cloudtag & Nomad Cairn: Another urgent request to AIM Regulation

Published 236 days ago

Over the weekend I urged AIM Regulation and the FCA to open a formal enquiry into market abuse and securities fraud by the AIM uber-fraud Cloudtag (CTAG). This morning I have sent an urgent missive to AIM Regulation and its hapless boss Marcus Stuttard asking why Cloudtag is not being forced to postpone its General Meeting allowing it to issue more shares.

Filthy 40 China Africa: restructuring EGM Circular released, correction and apology, but value at the current price?

Published 237 days ago

The details have been announced: out of cash ShareProphets AIM-China Filthy Forty play China Africa resources (CAF) is proposing to divest its existing asset to its shareholders by way of an in specie special dividend (apparently valued at 1.75p per share) to leave a clean (and rather empty) cash shell. New money is coming in at just 2.17p a share, with a new board, a new business model and a new set of advisers. Against an IPO price of 40p a share back in 2011, China Africa has been a stunningly poor company. Things look set to change for the better, although the maths suggests that the current share price is still well ahead of events. 

Stuttard’s Septic Seven Update #2 - four weeks is a long time on AIM

Published 237 days ago

It is four weeks since the last update on the fortunes of our specially selected and diversified portfolio of AIM stocks which we think that the sham sheriff of AIM, Mr Marcus Stuttard, should invest his own cash into as a way of demonstrating his faith in the market he runs and the competence of his team of oxymorons at AIM Regulation. We have Red Flagged them all, but naturally we must be wrong because this is the world’s most successful growth market. And so in month two our index has gone from a 4.5% gain to……

Notes from Underground: The sound of me pulling out my hair

Published 237 days ago

Le Sigh. Another week where six out of ten leaderboard articles are Bearcasts, and the other four are fan-favourites Cloudtag, Worthington, and African Potash.

China fraud Taihua: where, oh where, oh where, oh where is the share buy-back (and what has happened to the company website)?

Published 238 days ago

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has been promising a share buy-back since the launch of an Open Offer back in August which was apparently being conducted to pay for it. The last update from the company - on 30 September (interims, released on deadline day) - told shareholders that the company expected to announce the mechanics of this Godot-esque buy-back “shortly”. That was more than eight weeks ago. We are now heading towards the very end of November. While we are at it, what has happened to the company website? 

Provexis: the facts don't support the current valuation

Published 238 days ago

If you look at the AIM market it is full of companies that have been promising the earth for years, but have yet to actually achieve much of any real substance.

Table of shorted AIM shares - week to 25/11/2016

Published 238 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

A hot share tip TODAY at 2.30PM for just a fiver... surely you have 500p to spare?

Published 239 days ago

Our share tip of the month is out TODAY at 2.30PM. Our last tip of the month was 30% ahead within weeks. We reckon this one is at least as good!

Fastjet: chairman walks in disgrace it is almost out of cash just four months after £15 million placing

Published 239 days ago

In late July of this year AIM listed basket case African airline FastJet raised £15.2 muillion at 50p. Wind forward to two days ago and the shares were just 18.5p but then started falling sharply to 16p last night and this morning came the disastrous admission. Naturally there is no insider dealing on the world's most successful growth market. The shares are now 14.5p and will sink lower as it has all gone horribly wrong.

China fraud Asian Citrus – treating AIM shareholders as second class citizens

Published 239 days ago

The Red Flags plastered all over the currently suspended pending accounts ShareProphets AIM-China Filthy Forty play Asian Citrus Holdings (ACHL) can all be found HERE and the latest development is that it has now called its AGM – still with no accounts published – on 28 December, right in the middle of the Christmas and New Year break. I guess the board is saving precious shareholder cash in that it will be able to book a very small room.

CloudTag – EGM circular published, my plan for great riches hits a snag but there is a get-out

Published 239 days ago

Oh dear. They say that no news is good news and so conversely it was beginning to seem that every time AIM-listed CloudTag (CTAG) opened its mouth via the RNS system these days it was bad news. What a come-down from the good old days when it could announce anything it liked and the market loved it. Perhaps the company’s fortunes will change with this morning’s ramptastic RNS, although the reaction seems a tad muted already. Watching this unfold I wonder if my plan for instant wealth as a death spiral financier might hit a snag.

Game Changer for AIM: Sound Energy - £24.1 million fund raise - you can take part via Primary Bid

Published 240 days ago

I will not be. As far as I can see the current market cap of £450 million is borderline insane and certainly not justified by the fundamentals. So I don't blame Sound Energy (SOU)  at all for raising cash at this level. If folks want to pay up, the company would be crackers not to let them. But some will disagree.

Our Readers said: Even Roland "Fatty" Cornish not bent enough to act for FRAUD African Potash - its screwed

Published 241 days ago

On Monday Cantor Fitzgerald announced that as of December 7 it would no longer act as Nomad for the AIM fraud African Potash. So Potash needs a new Nomad to sign off on its lies to enable it to commit securities fraud. But who will act for it? We polled you yesterday and while many of you thought that cometh the day there was only on go to Nomad for a fraud, more of you thought that no-one, not even Roland "Fatty" Cornish, was that desperate. But that potential tax issue may prompt an urgent need for cash and that may yet sway Fatty! The results of who you thought would act for the fraud Potash are:

CloudTag – my plan for great riches

Published 241 days ago

So AIM-listed CloudTag (CTAG) has announced the conversion of a further £600,000 of its death spiral funding facility with L1. That is on top of the previous £700,000 announced  on Monday of last week. Running the ShareProphets abacus over the numbers, it looks very tight as to whether the company will get anywhere near drawing Tranche 2 of the funding package. But studying it all makes me realise there is a fabulous path to richness awaiting me.

Corero - just when is the next rescue placing?

Published 241 days ago

It was only seven months ago that AIM uber-dog Corero (CNS) appointed Cenkos as its joint broker and promply raised just under £9 million at 22p. Gosh i am glad that i am not an institutional client of Cenkos with the raft of dogs and frauds it has acted for in recent years. The shares are now just 9.5p to sell. But another bailout placing looks inevitable. Just do the math!

AIM-China Grand Group, for whom the AIM Rule 41 bell tolls (unless Nomad ZAI walks first)

Published 241 days ago

AIM-China incubator play Grand Group (GIPO) only joined the Casino in January 2015, too late to make our ShareProphets AIM-China Filthy Forty index. This is most unfortunate, for the credentials on offer are impeccable – and now, it seems, we could be just over five weeks from a one-way trip to the AIM Execution chamber, courtesy of AIM Rule 41 (if, that is, the Oxymorons bother to enforce the rule this time). This is as on 30 December the mandatory delisting following a six-month suspension kicks in unless the company gets its accounts to December 2015 out.

CloudTag – just how secure is that death spiral funding package?

Published 242 days ago

We wait patiently for AIM-listed Cloudtag (CTAG) to get its fitness device off the production line - if either actually exists. Then it can meet the $5.2 million guaranteed order during 2016 from Second Chance which has morphed into what looks more like an £880,000 expression of interest which might lead to sales some time this year or next, if ever. Until then we can rely upon the death spiral funding package announced on 7 November to keep the company from taking a one-way trip to the corporate knackers’ yard. Or can we?

BREAKING: Finnaust - placing at 7p to raise £7m? After the pump...

Published 242 days ago

A City source tells me that broker SP Angel is right now endeavouring to raise £7 million for Greenland mining outfit Finnaust (FAM) at 7p per share. At a current 8p to 8.75p the company is valued at £40 million on AIM.

Reader Poll: Which Nomad is so bent & desperate for cash that it will act for FRAUD African Potash?

Published 242 days ago

African Potash (AFPO) needs to find a new Nomad by December 7th or its shares will be suspended. Cantor Fitzgerald is tired of putting its name to outright lies published to facilitate Securities Fraud and has quit. Potash says its talking to a replacement but which Nomad would act for this proven fraud? You decide in the poll below. Voting deadline midnight tonight ( 22nd November).

Zegona - polishing a turd with today's RNS

Published 243 days ago

The headline is "Zegona to appoint KPMG as auditor." For Zegona (ZEG) which upgraded from AIM to the main market just over a year ago that sounds like a positive enough move. But...

VAST after-hours comedy warrants ShareProphets RNS Translation Service

Published 244 days ago

At 6.15pm on Friday – truly no-one-is-watching o’clock – AIM-listed Vast Resources (VAST) released an RNS detailing the exercise of warrants and consequent issue of equity. It is comedy central. Perhaps readers can explain the 10% commission part…..

Tom Winnifrith Bearcast: The common threads of AIM value destruction and Autumn Statement thoughts

Published 244 days ago

I end with a few thoughts about the Chancellor's forthcoming Autumn Statement. I think we are at the "natural rate of Unemployment" and thus what is needed is not massive infrastructure spending and more deficit financing but supply side reforms to tax and welfare. Before that I refer to my earlier death list bearcast and look at the common threads that link AIM companies that will, at some stage, go bust.

Tom Winnifrith Bearcast: AIM Death List Update 4 - Four New Entrants, now 10 kills from 27

Published 244 days ago

On 13 June I started my 21 stock Death list portfolio - 21 shares heading for zero or being booted off the market - see HERE. Until now 27 stocks have entered the portfollio and I am claiming ten kills - not bad eh? Today I go over the four kills since the last update and add four new entrants to the portfolio. Do the Cloudtag morons really want to bet against me with my current kill rate? I review all 21 now current members. The stocks mentioned are: Worthington, JQW, Jiasen, Camkids, China Chaintek, Jersey Oil & Gas, Mosman Oil & Gas, Monitise, Outsourcery, Magnolia Petroleum, Arian Silver, Sareum, Avanti Communications, Daniel Stewart, Mariana Resources, Sefton Resources, Golden Saint Resources, Sovereign Mines of Africa, Afren, Wandisco, Tungsten, Blur, Auhua, Afriag, InternetQ, Servision, Igas, Cloudtag, African Potash & Slater & Gordon.

Hooray - I've got a tax rebate! Or have I.....

Published 244 days ago

Well this is all terribly exciting! I've just had an email through to say that I've got a tax refund of £475.34 which couldn't be paid due to an invalid account record. Fantastic - let's see, what should I spend the money on?

Tom Winnifrith Bearcast: Grounds for divorcing the Mrs, 7 stages of grief (part2) & the stocks on AIM to short

Published 245 days ago

I start with behaviour by the Mrs which is surely grounds for divorce or at least enough to see her lead off in chains by the RSPCA. Then it is back to the seven stages of grief and how it relates to shares. Then I look at the most shorted stocks on AIM as per Steve's article earlier - but also those that should be most shorted but why they are not, i.e. Cloudtag (CTAG), African Potash (AFPO) and the slam dunk zero IGAS.

Table of shorted AIM shares - week to 18/11/2016

Published 245 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Today 2 PM ...TWO share tips from the "Maverick Tipster" - this is not about Donald Trump!

Published 246 days ago

I do not know about you but I am starting to feel a bit Trumped out. And I actually wanted him to beat crooked Hillary. But the papers and TV screens are just so full of the man, what he is doing and what it means for us all. Is the Donald good for shares or bad? What about gold? Or bonds? Or house prices? Or the chances of England winning the World Cup? The truth is that no-one really knows any of the answers... except that England won't win the World Cup.

The Chairman's Blog 21: Sir Benjamin Dover of Global Mining Endeavours is back after a workplace injury

Published 246 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Ben Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be candid in his approach. Blog number twenty one....

Watch where you are buying - the placing frenzy on AIM is stunning & tells you two things

Published 246 days ago

I was struck by a number of conversations I enjoyed during my trip to London this week with brokers on the sell side and also bucket shop investors - they are rushed off their feet. This is confirmed by the comment below from Andrew Monk of VSA and it tells you two things very clearly. Take heed, you have been warned.

SCANDAL: PWC lays bare the £60 million black hole at Gable and the massive regulatory failure on AIM

Published 246 days ago

PriceWaterhouseCcoopers, PWC, is acting as administrator to the subsidiaries of Gable Holdings (GAH) and has published a damning report making clear the black hole that has existed there since the start of the year. The shares were suspended only on September 12. This is a scandalous failure on the part of Nomad Zeus and the Oxymorons at AIM Regulation.

Photo Article: Golden Saint talks bollocks as it serves up another bailout placing

Published 247 days ago

Christ I am naive. There was I thinking that all the twitter and Bulletin Board ramping during the past two weeks was there to allow disgraced PR genius Steffi to dump her few remaining shares in this worthless piece of Turkish. Oh no. Silly me. It was a pump before a different sort of dump. A bail-out placing dump. The release is a hoot. It can only have been written by a compulsive liar. Remind me: who does the PR again?

Igas unsecured bonds plunge again: now just 20.94c in the $

Published 247 days ago

AIM-listed and over-indebted Igas Energy (IGAS) equity may still be valued by the equity markets at £36 million but the read-across from the bond market tells a very different story. I'm sure readers don't need reminding that when the equity and bond markets disagree, it is generally the latter which wins out. With the unsecured bonds in Igas now trading all the way down at just 20.94c in the $, the implication on the equity is clear: it is toast.

Another day on the Casino: Filthy 40 China Africa yesterday “knows of no specific reason” for share price move; today restructuring and discounted placing ahoy

Published 248 days ago

Shares in ShareProphets AIM-China Filthy Forty play China Africa (CAF) suddenly had a rocket under them late on Monday. Having been bumping along the bottom at around 4p for months on end, all of a sudden they shot up on Monday to 7.5p and a “know-of-no-reason” RNS duly followed at midday yesterday. This morning they have shot higher again clocking up a peak of 16p. But now, less than 24 hours after knowing of no specific reason for the share price move, the company has ‘fessed up that a restructuring and placing are on the way. 

Igas – planning permission changes nothing: sell

Published 248 days ago

Yesterday AIM-listed and over-indebted Igas Energy (IGAS) was pleased to announced that Notts County Council had approved a planning application for the development of a hydrocarbon wellsite and the drilling of two wells. This, of course, is with a view to developing a fracking project.

Tom Winnifrith Bearcast: Detecting Securities Fraud on AIM and how to profit from it

Published 249 days ago

I am off to London shortly where I am giving a talk this afternoon at the Offshore Alert fraud conference. The title is that of this bearcast and I offer up some of the highlights and themes for later. I shall be covering a number of companies including Quindell (QPP), InternetQ (INTQ), Cloudtag (CTAG), Strat Aero (AERO) and the list goes on and on... this is AIM after all.

Lost money on China Frauds Naibu, China Chaintek, JQW & Camkids - here's a mad idea

Published 249 days ago

Did you lose money on any of the Fujian Four? We hope that you took our warnings seriously and did not but now there is hope if you ignored us and lost out. Or is there? I refer you to the website of China Resolutions which claims that it may get your money back.

Corporate disaster odd one out contest sponsored by Cloudtag

Published 249 days ago

This odd one out contest really should be simple. You will find below the logos of four companies. One is already bust, one is teetering and is a major scandal and has been booted off AIM, one has seen its shares collapse by 90% in three years and the other is Cloudtag. But which is the odd one out and why? Post your answers in the comments section below by midnight on Tuesday

The People's Operator - if this is not insider dealing on AIM what is?

Published 250 days ago

By shortly after 10 AM today shares in The People's Operator (TPOP) had crashed by 30% from 16.5p mid to just 11.5p. By midday there had been a marginal recovery as some morons went bottom fishing. But there had been fewer than 50,000 shares traded. At 12.33 PM the company published a catastrophic RNS. If this is not insider dealing what is?

Filthy 40 Aquatic Foods – Q3 trading update

Published 251 days ago

Shares in ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) put on 35% on Friday, following release of a third quarter trading update. Drilling through some of the numbers they seem to be impressive, begging the question of why an apparently profitable and cash-generative company which is drowning in cash worth about three times its market capitalisation would be considering its dividend policy, having chopped the half-year payment by 71%.

Tom Winnifrith Bearcast - Draining the swamp of AIM

Published 252 days ago

Over on my personal website today's podcast (HERE) looks at  how the liberal establishment still don't get it post Trump. In bearcast I look back at a fraud from seven years ago which is back in the news and discuss why we fail to drain the swamp of AIM or indeed the wider City of London 

Igas – bond market signals another warning to equity holders as unsecured debt plunges

Published 252 days ago

That AIM-listed Igas Energy (IGAS) is in trouble is in little doubt as the company battles with the over-indebtedness legacy of the Andrew “piggy” Austin days. KKR-backed Trans European Oil & Gas is in possession of a blocking holding of the secured bonds and the cash is draining away. But the latest warning sign comes not via the secured bonds, but via the unsecured bonds. The price has crashed from around 54c in the $ to just 28.6c in the $. The implication for the equity is clear.

Draining the AIM Swamp - Nomad Strand Hanson & its problems with the taxman

Published 252 days ago

As I have highlighted in other reports, the AIM market is shrinking in terms of the number of AIM listed companies and number of new IPOs. Unsurprisingly this is having a dramatic impact on the profitability of some of the City players. For instance Strand Hanson which acts as NOMAD to 36 AIM companies commented in its Strategic Report for the year ended 31 December 2015, submitted on 13 September 2016, as follows:

Table of shorted AIM shares - week to 11/11/2016

Published 252 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

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

Published 253 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.

City of London Markets – analysis of a bucket shop

Published 253 days ago

City of London Markets is the FCA authorised firm that has screwed Milestone (MSG) by not paying over the cash it promised for a recent placing. Poor form. The company has a glossy looking website to impress punters. But behind this veneer lies a tiny and unsuccessful company, as the latest filed accounts at Companies House show.

ShareProphets Exclusive: Milestone and how City of London Markets failed to pay up

Published 254 days ago

Following on from my earlier piece about yesterday’s disgraceful episode at AIM-listed Milestone Group (MSG) in which the company ‘fessed up that £1.25 million of cash from a placing announced way back on 20 October, the shares for which were admitted to trading on 31 October, had not turned up, ShareProphets has learned the name of the firm at the centre of yesterday’s controversy.

The latest data from AIM shows it at 12 year low - The casino is collapsing

Published 254 days ago

As predicted HERE there were fewer than 1,000 companies listed on the AIM Casino at the end of October. the total of 995 was the lowest since late 2004. Here we are at the end of an eight year bull market and AIM is still collapsing - it has 1,347 companies back in 2007. But read beneath the headlines and the data is even more shocking.

SCANDAL - Milestone Group buries delayed bad news: placing cash not arrived, what about solvency?

Published 254 days ago

Talk about a good day to bury bad news: every media commentator is trying to come to terms with the election of Donald Trump (with the notable exception of our own Tom Winnifrith, who is off to get his new Poll Sheriff’s badge) and so at 3.41pm yesterday AIM-listed Milestone Group (MSG) slipped out a “miscellaneous” RNS. It may have won two big contracts recently but in terms of this RNS, there was nothing miscellaneous about it: this company is in serious trouble.

New World Oil & Gas booted off AIM but all is not lost. Oh no!

Published 254 days ago

New World Oil & Gas (NEW) has today been booted off AIM for failing to fulfill its investment policy following the collapse of the Big Sofa RTO but all is not lost...far from it.

ShareSoc speaks out on Redcentric ...and it is bang on the money

Published 256 days ago

ShareSoc director Mark Bentley has taken to the society's blog about events at Redcentric (RCN) and related party MXC Capital (MXCP). He is bang on the money. He shows that there is only one rotten apple in the ShareSoc barrel and it can do good work. As a non shareholder in Redcentric I was planning to flag up much of what is below but cannot put it better than Mr Bentley who wrote:

Filthy Forty Asian Citrus – update on Fraud allegations. Oh dear, oh dear, oh dear….

Published 256 days ago

Back on 29 September ShareProphets AIM-China Filthy Forty purveyor of Biblical plagues and rotten oranges Asian Citrus (ACHL) announced that its shares were being suspended pending an audit investigation of allegations which appeared to amount to potential fraud. This morning we had an update: it does not look good.

GOTCHA Andy Carroll: Mosman admits to misleading investors after weekend expose

Published 257 days ago

That was an easy pull down of the shysters at Mosman Oil & Gas (MSMN) lead by Andy Carroll. Is it too early for a celebratory ouzo? Perhaps hapless Nomad SP Angel should send a case of ouzo to the Sheriff of AIM to thank me for doing its job for it? At the weekend I exposed how Mosman has mislead investors for more than a year HERE. This morning it fessed up:

Electric Jukebox backed by Nigel Wray & Cheryl Crow - sorry BB I am going to pass

Published 257 days ago

The Sunday Times front page splashed with news of a forthcoming AIM IPO in the music streaming world, Electric Jukebox. It is an easy splash in that my pal Nigel Wray, Britain's Buffett, is an investor and the company has celebrity "investors" lead by Cheryl Crow whose face beams out of the paper. Chris Akers vehicle Yolo (YOLO) has today raised £2.5 million and is investing £1.4 million in EJ so maybe that is the IPO the paper refers to. But for me this is a big miss and here's why.

Filthy 40 Taihua – where, oh where, oh where is that share buy-back?

Published 258 days ago

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has been promising a share buy-back since the launch of an Open Offer to shareholders which was being conducted, apparently, in order to pay for it. Sorry to sound like a broken record, but the buy-back was first promised on 25 August and we are now well into November. The last update from the company was on 30 September (interims, released on deadline day) when shareholders were told that the company expected to announce the mechanics of this Godot-esque buy-back “shortly”. That was more than five weeks ago.

Where Regulators fail market forces will wade in - Beaumont Cornish in focus

Published 258 days ago

Alistair Osborne lashed out at Nomad Roland "Fatty" Cornish in the Times on Saturday listing his long list of AIM failures. A central point made is that Fatty banks huge fees for doing an IPO only to quit before the shit hits the fan or before the fat lady sings. In other words he earns megabucks and then scuttles off to hide in his favourite restaurant whilst others suffer the financial damage. Osborne starts his article on New World Oil & Gas (NEW).

Fastjet – unusual warrant exercises = spoofery, signs of a cash crunch or just madness?

Published 259 days ago

As AIM-listed crock airline Fastjet (FJET) hurtles at full speed towards its next funding crisis two warrant exercises catch the eye – one yesterday and the other last week. With the shares trading at around 20p, why on earth would anyone exercise warrants at 31.5p a pop?

Table of shorted AIM shares - week to 04/11/2016

Published 259 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Tom Winnifrith Bearcast: A tale of 3 AIM shares, The Good, the Bad & the Ugly

Published 260 days ago

Today I look at just three shares in some detail. There is MBL Group (MUBL) which is, I think, too good for AIM, Cluff Natural Resources (CLNR) where I think some folks have been very bad, and Eden Research (EDEN) which is an ugly little fraud heading for 0p.

Igas kicks the can, but not very far

Published 260 days ago

Yesterday afternoon AIM-listed and over indebted Igas Energy (IGAS) announced that it had sold some of the secured bonds hitherto held in treasury and that this has now shored up its finances such that it now no longer expects a breach of its daily liquidity covenant in 2016. Good news? Er, no – this simply kicks the can down the road (and not very far at that).

Tern – disposal racks up mega profit with lightning speed

Published 261 days ago

 You have to hand it to AIM-listed jam-tomorrow investment company Tern plc (TERN), this morning’s disposal news is a cracking outcome. Having bought a few bits of the now defunct Flexiant business out of administration over the summer for £75,000 we are told today that one of the divisions has been sold for $500,000. That is on top of a previously reported (in excess of) £90,000 of unpaid bills which were chased up. The only puzzle is why shares in Tern have slipped on the news, albeit only by a small amount at time of writing. Why the disappointment?!

Journey Group – update on ‘if at first you don’t succeed, offer the same amount again’ offer

Published 261 days ago

After at first not succeeding, but offering the same amount again – with a re-recommended 240p per share offer for Journey Group (JNY) announced on 11th October, there are now updates on the offer...

Tom Winnifrith Bearcast Special: PR Genius Steffi, Beaufort Securities, the Vox rampfest and Solo Oil - the sordid underbelly of AIM

Published 262 days ago

In this bearcast special I take apart a share price ramp being orchestrated today by Solo Oil's (SOLO) broker Belfort Securities, PR fecking genius Steffi and the rampers nest of snakes that is the Justin the Clown podcast at Vox Markets. Investors need to be aware there is a massive stock overhang and a placing ahoy. They are being hoodwinked not by the company I stress but by its crony capitalist advisers and by those for whom Lenin's phrase "useful idiot" could not be more apt.

ADVFN – full Annual Report finally released: struck by cupid's arrow?

Published 262 days ago

I rather like the ADVFN service, and having met its CEO briefly a few times I rather liked him too. And as a house matter, there was much to commend about the staunch resistance to pressure being applied on ADVFN to put clear water between it and ShareProphets was over the way in which, for example,  the Quindell fraud was being systematically unpicked in these parts. That was not just an issue of free speech, it was a matter of exposing bad people and trying to save the shirts of our readers. So I have an awful lot of time for Clem Chambers, the CEO of ADVFN.

LGC Capital (Lenigas Cuba) – The Sherriff of AIM reaches across the pond to become the temporary Mountie of the TSX.V

Published 262 days ago

It is just over a year since my pal David Lenigas, listed Leni Gas Cuba (LGC) on ISDX. It has subsequently undertaken a reverse takeoverof Knowlton Capital on 12 July 2016 to obtain a listing on the Toronto TSX Venture Exchange. Following the recent publication of its results, I decided to have a butchers. To be fair to Lenigas, he has made one cracking investment. But the overall picture is ...mixed. 

Frontera Resources – After the pump…….

Published 263 days ago

Having pumped up the share price at the start of last week with yet another ramptastic operations update, all rather predictably comes the dump. This morning AIM-listed Frontera Resources (FRR) announced the draw-down of another £382,550 under a Standby Equity Distribution Agreement (SEDA) – for which read death spiral – with YA II PN Ltd (for which read Yorkville). Another wheelbarrow-load of confetti, 402,684,211 shares, has been issued at 0.095p per share. We are told this will be used to advance work programs of the Company.

Gotcha! Tony Blair crony Labour Lord David Evans goes at Advanced Oncotherapy "with immediate effect" - 6 days after I reveal share dealing scandal

Published 263 days ago

There is no explanation at all given for today's resignation, with immediate effect, of Lord David Evans from the board of Advanced Oncotherapy (AVO). If it had been planned, as a result of illness or some other matter, it would have been announced with other board changes on October 10 and 27. Make no mistake: the reason that Evans has "resigned" is my scoop of 6 days ago regarding his share dealings - Congratulations you Blairite low life you have met The Sheriff of AIM.

Andalas Energy – A review of its accounts show how grim it is - insolvency looms

Published 263 days ago

On 31 October 2016 (the last day permitted for publication), Andalas (ADL) published its results for the year ended 30 April 2016, which showed that it was insolvent to the tune of $1.5 million after recording a net loss of $4,673,000.

Igas – Barbarians at the gate, shareholders will lose their shirts

Published 264 days ago

Yesterday saw Sky News unmask the mystery buyer of AIM-listed and over-indebted Igas Energy (IGAS) Oslo-traded secured bonds via the recent Dutch Auction conducted at 75c in the dollar – see HERE. We already knew that the previously un-named buyer had acquired a 34% stake in the bonds – enough to block any proposed debt restructuring that it didn’t like.

Premaitha - The Guardian reports that the NHS will offer free NIPT tests from 2018: what about morality?

Published 265 days ago

The Guardian has reported that as of 2018 the NHS will offer free non invasive tests for Downs to all at risk women. This is great news for AIM listed Premaitha (NIPT) which is a leading provider of such tests. For it there is a clear financial gain but there is an ethical element here which as a shareholder but also a recent father causes me some issues.

Management Resource Solutions - another nightmare for AIM emerges

Published 266 days ago

Management Resource Solutions (MRS) has been a stock much ramped by the usual suspects and its shares have flown until last Thursday when they were suspended pending clarification of its financial position. The next day the CEO and founder was fired. But we can reveal that the CEO Paul Morffew claims this is a stitch up and, as a 20% shareholder is prepared to fight back. This has the potential to be another major AIM scandal given that it was less than two months ago that £2.8 million was raised at 10.5p. Nomad and co broker Northland is refusing to answer calls and its position now looks untenable.

Table of shorted AIM shares - week to 28/10/2016

Published 266 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Tom Winnifrith - an apology to all readers

Published 266 days ago

I owe every single reader of ShareProphets an apology. I mean this most sincerely and am deeply repentant for I have sinned. I hope that old father Stacey will this weekend pray for my soul and I ask each one of you for forgiveness. So here goes...

Stuttard’s Septic Seven update: off to a flier!

Published 266 days ago

If Marcus Stuttard, the Sham Sheriff of AIM, really believes that the Casino is properly regulated, we think he should put some of his own money where his complacent mouth is by investing in a portfolio of companies which would demonstrate his confidence in his team of Oxymorons at AIM Regulation. We are such nice guys here at ShareProphets that we have helpfully compiled a beautifully diversified portfolio for him. We, ahem, AIM to please. With the original list having been complied on 29 Sept 2016, here is our first update, one month on – and it is off to a flier!

Blenheim Natural Resources – trouble at t’mill

Published 267 days ago

Oh dear, oh dear, oh dear. There’s trouble brewing at AIM-listed Blenheim Natural Resources (BNR) in the wake of a total disaster at the company’s AGM. In an RNS released yesterday at 3.19pm (HERE) the company announced that every single one of the resolutions put to the AGM were rejected. Thus, following the departure of Chris Cleverly of African Potash (AFPO) infamy, two further directors have been ousted as their retirement by rotation became permanent as shareholders voted down their re-election.

Disgraced Share Ramper Roger Lawson - and the posting lie exposed

Published 267 days ago

The position of share ramper and apologist for fraudsters Roger Lawson at ShareSoc is surely now untenable as he is shown to be lying on the Society's blog. The lie now starts to involve ShareSoc's chairman of two years ago Stan Grierson. Sorry to rope Stan in but that is the price ShareSoc must pay for not lancing the Lawson boil earlier.

Just how useless is a house broker "buy" note: Shamed Canaccord on IGAS

Published 267 days ago

This website has pointed out that AIM listed IGAS has been a slam dunk sell for more than two years but for a good few months as it warned that it would breach covenants on its bonds any moron could see that the writing was on the wall. Except loyal house broker Cannacord, shamed over the Quindell fraud, its research on this has been laughable. It shows that a buy note from a house broker, especially one as shoddy as Cannacord, is just worthless. You will remember how Canaccord fired heroic Kevin Ashton, the world's number 1 tech analyst, when he refused to write a buy note on the Quindell fraud.

Looking for a Profitable Fun Company? - Consider Joining the Revolution

Published 267 days ago

Hello Share Turners. Today’s selection for a company worth looking at is not one that will be getting much custom from me. I’m far too old to be grooving into the night.

Angle – “Director Share Purchase” = EFH deal matures: good news.

Published 268 days ago

Some good news, I think, for shareholders in AIM-listed medical technology firm Angle (AGL) which one might sense will be greeted with the same relief as the moment when an unwelcome guest leaves the house.

Disgraced share Ramper Roger Lawson of ShareSoc uses ShareSoc blog to threaten Tom Winnifrith & TELL LIES - why should taxpayers fund this?

Published 268 days ago

Roger Lawson, who smeared me and Ben Edelman when we exposed blinkx, not declaring he held shares in the law breaking AIM company, does not like my remarks about how an organisation behaving in that way does not deserve taxpayer's cash. So he has now threatened me with libel proceedings and he has also told a blatant lie to his readers.Go on Roger you pompous bully, join your pals at blinkx, Globo and Rob Terry in issuing such threats... not only a ramper and a defender of crooks and smearer of fraudbusters but now a bully as well. Oh and a proven LIAR to boot. Roger, if you want to sue me here is something else to consider "Roger Lawson is a proven liar. Liar, liar, pants on fire". The proof of that statement is below. Lawson you are beneath contempt. The full correspondence from Lawson's pitiful blog is below:

Igas – bondholder meeting update: secured debt says no

Published 269 days ago

AIM-listed and over-indebted Igas Energy (IGAS) has just announced the result of its bondholder meeting. The unsecured debt voted the proposals through, but the secured debt voted it down. The company says it has not yet breached its bond covenants, but that this is now expected next week. 

Filthy Forty Taihua – where, oh where, is that share buy-back?

Published 269 days ago

At risk of sounding like a broken clock, ShareProphets AIM-China Filthy Forty play Taihua (TAIH) announced a comical open offer which, apart from a bit of working capital, was to fund a share buy-back. That was back on 25 August – more than two months ago. So where is it?

Igas – high noon in Oslo

Published 269 days ago

At time of writing bondholders in AIM-listed over-indebted Igas Energy (IGAS) are meeting in Oslo, having been summoned by the company to consider proposals to waive certain bond covenants while a restructuring of the company’s capital is negotiated. Igas previously indicated that a bond covenant breach was anticipated to occur this very week. Will the bondholders play ball?

AIM PLCs ...Trying to bully this website will be your biggest mistake

Published 269 days ago

My old friend Evil Knievil is a man known for his bon mots and among his best is that "if a company threatens legal action it is not an invitation to short its shares but an obligation." As it happens, amid the bluster of the great man, there is hard evidence to back this up as a sensible strategy.

Xcite Energy – shares suspended as Bondholders to petition for liquidation: Another one bites the dust. Next up, Igas?

Published 270 days ago

This is getting to be the most used phrase on ShareProphets: you can’t say you were not warned…..And so today it is the turn of AIM-listed Xcite Energy (XEL) to get the told-you-so treatment, for this afternoon the shares were suspended and the company announced that its bondholders have walked on restructuring discussions with the company and are to instruct the bond trustee to petition for the appointment of a liquidator. In other words, short of a last-ditch effort to patch up a new deal it looks to be light out time. Shareholders are set to lose everything.

Disgraced share ramper Roger Lawson wants taxpayer cash to subsidise his ramping operation at ShareSoc

Published 270 days ago

The poltroons at ShareSoc led by disgraced share ramper and smearer of investigative journalists Roger Lawson have written to the Business, Innovation and Skills Committee inquiry on corporate governance with a number of suggestions on cleaning up AIM. First up, send large amounts of taxpayers cash to Lawson and his pals. You could not make this stuff up.

New World Oil and Gas: Nomad walks, execution scheduled for 10 Nov

Published 271 days ago

In a corporate update released at 4.03pm this afternoon, AIM-listed (pro tem) New World Oil and Gas has announced the bad news that its Nomad, the disgraced Roland “Fatty” Cornish at Beaumont Cornish is to walk as at the close of play today. It also announced that its scheduled AIM execution under AIM Rule 41 is on 10 Nov, not 9 Nov as previously advised. One last hurrah for checking and verifying RNS announcements for the now ex-Nomad to the company. How fitting.

Charlatan stock Cloudtag remains a compelling short

Published 271 days ago

It wasa mixed week for the leading charlatan stocks on AIM. Shares in Cloudtag (CTAG) have come off the boil on an absence of news but there is worse to come for the bulls. These shares are set to collapse.

SP Angel’s Zac “the knife” Phillips plunges the blade into Frontera Resources (again…)

Published 271 days ago

Another ramptastic RNS this morning from AIM-listed Frontera Resources (FRR) saw the shares race up to 0.135p at the peak but the shares have been sliding ever since, and are now just 0.095p last seen. Surely there isn’t a placing on the way, is there? Broker S P Angel in the form of the City's No 1 oil analyst Zac “the knife” Phillips was not so impressed. It could be good news, or it could just be a pre-placing ramp. But first there is the small matter of funding…..

Ortac and Premier African: Is something brewing in the DRC?

Published 271 days ago

It’s interesting to note recent developments by AIM listed miners, Ortac Resources (OTC) and Premier African Minerals (PREM), where both have taken a shine to CASA Mining Ltd a private Mauritian registered company, led by the veteran geologist Michael Foster.

AIM Below 1000 Companies and at 12 year low - part 2

Published 271 days ago

On Saturday we revealed shocking official data showing that AIM is now below 1000 companies (we make it 998) and at a 12 year low. It gets worse as a drill down on the 1000 stocks listed at September 30 2016 shows much worse.

Dragon's Den Star Piers Linney sends £21 million of other folks cash to Money Heaven

Published 272 days ago

The PC Gauleiters at the BBC could not get enough of Dragon's Den star Piers Linney: black, working class, Northern, worth £100 million. Ab fab. All he needed to do was come out of the closet and chop his leg off and he would have been the perfect Royal Flush. The only thing was that his CV was not er...true. And documents filed by administrators to formerly AIM listed Outsourcery (OUT) show just what a Walter Mitty figure Piers was. Or maybe it was just BBC lies all along. Pravda does have form after all.

Has the curse of Daniel Stewart been spreading?

Published 272 days ago

I see that there has been some unhappiness at the Foresight 4 Venture Capital Trust (FTF) AGM, where a major new shareholder revolt almost succeeded in unseating the entire board, voting down the directors’ remuneration report and blocking the reappointment of KPMG as auditor (see HERE). Indeed, the directors saw the revolt garner votes against them of between 47.31% and 49.99% (in the case of the Chairman). 

BREAKING: It's back to 2004 lows as AIM sinks below 1000 companies

Published 273 days ago

The Self styled "World's Most Successful Growth market", or to you and me the AIM casino is in deep trouble and will this month see the number of listed companies fall to a 12 year low of below 1000. Fraud, appalling returns, overpaid bloated crony capitalist advisers have all combined to leave this market with no credibility at all. The data tells no lies...unlike the CEOs of most of the companies on the casino.

Table of shorted AIM shares - week to 21/10/2016

Published 273 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Digital Globe Services – another AIM success story; seller returns for 62% discounted takeover just 44 months after IPO! ...

Published 273 days ago

14 February 2013: “Digital Globe Services, Ltd (DGS), a leading provider of outsourced online customer acquisition solutions for large, consumer-facing corporations, is pleased to announce at 0800 today the admission to trading on AIM… at the placing price of 159 pence per common share… The Resource Group International (TRGI), the selling shareholder”21 October 2016: “The independent directors and TRGI are pleased to announce that they have reached agreement on the terms of a recommended cash offer for DGS… shareholders will be offered for each DGS Share: 60 pence”. You what?!?…

Tom Winnifrith Bearcast - can you monetise a twitter Troll & Belfort, Bushveld & the AIM Cesspit

Published 274 days ago

A late bearcast. Sorry. I was working on the new share tip. Away from that I look at just two stocks: twitter and how you monetise a troll? So what does that make the shares worth? Then onto Bushveld Minerals (BMN) and its placing today done by Belfort Securities. What does that tell you about AIM. There is a lot of PR horseshit flying about that placing as I point out. Warning: this bearcast contains bad language right from the start.

More crooked than a Beaumont Cornish AIM IPO - Nigel Somerville wins "fatty" Caption Contest. I go to HMRC whistleblowing

Published 274 days ago

No doubt our in house comments section loon Wildes will be, once again, reporting me to the FCA for this but the winner of this week's Roland "Fatty" Cornish, the worst Nomad in London, Caption Contest is the Deputy Sheriff of AIM. We asked for captions to the picture below:

DiamondCorp – a new contender for the most expensive loan in AIM history?

Published 274 days ago

Well you can’t say you weren’t warned by Tom Winnifrith that shareholders in AIM-listed DiamondCorp plc (DCP) were either about to get screwed or simply lose everything. To its credit, the company had been pretty explicit that it needed a minimum of £500,000 in the kitty and pronto or it would be lights out. With one potential deal scuppered when the potential saviour walked, it looked grim. But yesterday afternoon the company announced that it had secured £700,000 in a Sharia-compliant funding facility with shareholder Rasmala plc. As to the terms, well given the parlous position of the company it is hardly a surprise to find that there are several pounds of flesh involved.

Tom Winnifrith Bearcast: Telit still the biggest short on AIM + not investing in PR

Published 275 days ago

On today's podcast I look in detail at Porta (PTCM) and other people businesses. Porta employs top PR person foxy Bex but even so its shares are a stonking sell. I then look at frauds Highlands Natural Resources (HNR) and Servision (SEV) and then onto the biggest short on AIM, Telit Communications (TCM)

Northland Capital Partners – relying on Bank of Beaufort?

Published 275 days ago

Continuing our wanderings through the accounts of those who promote and look after companies listed on the Casino, we turn here to the FY (to Mar 16) accounts of Northland Capital Partners – Nomad to such fine enterprises such as AIM-listed Edenville Energy (EDL) and the now executed Eastbridge Investments (EBIV), Broker to AIM-listed Octagonal (OCT) and introducers of  Vast Resources (VAST) to the fine fellows at Bracknor. A truly magnificent contribution to life on the Casino I’m sure we all agree.

Daniel Stewart - a big fudge to delay publishing ghastly accounts

Published 275 days ago

Remember when the fraudster Rob Terry told his deluded followers that shares in Daniel Stewart (DAN) were worth 10p each. In those days they were listed on AIM but Terry reckoned that they could be worth even more when delisted. Hmmmm. Now slung off AIM things seem to be going from bad to worse.

Reach4Entertainment: Buy after share price slide

Published 275 days ago

For reasons that seem entirely related to illiquidity on AIM and nothing to do with fundamentals, shares in Reach4Entertainment (R4E) have ratted back to 1.25-1.4p. It is crackers.

Get Six of the Best from Steve Moore today

Published 276 days ago

Get the new ebook by ShareProphets editor, Steve Moore  Six of the Best (Half a dozen AIM shares to buy for Autumn 2016) sent direct to you. Order today for delivery this week.

Roland "Fatty" Cornish, a £270k dividend for failure and the oddest accounts on this planet

Published 276 days ago

If you thought that the accounts of some of the crap Roland "fatty" Cornish floated on AIM smelled bad, you need to look at the annual report of his own firm Beaumont Cornish Limited. I shall be urging both the FCA and the HMRC to have a butchers as it looks well iffy. But if you have lost a packet in any, or all, of the junk Fatty has floated or acted for - not least Daniel Stewart and New World Oil & Gas - you will be delighted to know that in 2015 his "takings" from dividends alone were £270,000. How's that for transferring wealth from the 99% to the 1%?

New World Oil and Gas – AGM update, warns on delisting. Can the mess be sorted?

Published 276 days ago

Last night after hours AIM-listed New World Oil and Gas updated the market on a number of matters and it looks to be bad news all round. Having already announced that its proposed RTO with Big Sofa was off the table, the latest bombshell was that under AIM Rules it is to lose its listing on 9 November and that it had already agreed to part company with its Nomad (the useless Beaumont Cornish) as from the close next Monday. The mess could hardly seem worse.

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

Published 277 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?

Dear Santa...what I'd like for Christmas this year

Published 277 days ago

Don't break it to the millennial generation but Christmas is actually about a bloke called Jesus not Santa Claus. None the less I reckon that I have been a pretty good boy this year and so I have written to Santa, who like firm contracts for African Potash really does exist, with a short list of what this stockmarket geek wants for Christmas. Here goes...

Write to Marcus Stuttard at AIM Regulation NOW to Demand Roland Fatty Cornish is struck off

Published 278 days ago

Today is a very dark day indeed for AIM as the scale of the white collar crime at New World Oil & Gas under its former management team has become clear. That former directors should be investigated by the SFO and others is clear. But AIM Regulation must act quickly to cut one cancer out of the system, it must stop Roland "Fatty" Cornish individually and his firm Beaumont Cornish from ever acting as a Nomad again. I urge you to email the boss of AIM Regulation Marcus Stuttard demanding this happen and suggest what to write below. You can email Marcus at

New World Oil and Gas – will the Oxymorons apply the same interpretation of AIM Rule 41 as they did with LED Holdings?

Published 278 days ago

Tom Winnifrith has already commented on the appalling mess at AIM-listed New World Oil and Gas. I shall not repeat any of that, but there is one angle to this which is worth mentioning, and it regards the looming deadline as regards the suspension of the company’s shares from trading. Under AIM Rule 41 you get six months and then you are booted off the Casino. Except when you don’t…..

Exclusive: New World Oil & Gas - RTO off because of the Kazakh bank heist & Niel Petroleum money laundering

Published 278 days ago

This needs to be the day when London's worst Nomad Roland "Fatty" Cornish is drummed out of the City of London for good. This will shock you. New World Oil & Gas (NEW) has abandoned the RTO with Big Sofa but has not said specifically why. So let me assist.

The Chairman's Blog 18: Sir Benjamin Dover of Global Mining Endeavours - beaten by Chris Cleverley

Published 279 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Ben Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be candid in his approach. Blog number eighteen....

China fraud Taihua – where is the buy-back? A case-study in procrastination.

Published 279 days ago

Back on 25 August this year ShareProphets AIM-China Filthy Forty play Taihua (TAIH) issued a comedy RNS announcing an Open Offer which was to be used in part for working capital and in part to fund a share buy-back. The working capital we can all understand, given the audit qualifications in its FY15 results and the content of its recent interims. But what about the share buy-back?

Notes from Underground: Hip to be Square

Published 279 days ago

Tom accuses me all the time of being a hipster. But I think it's actually projection: Tom is the real hipster. 

Guess the chart Competition - hint, its a FRAUD!

Published 280 days ago

Okay this weekend's guess the chart contest is really simple. The deadline to enter is midnight Sunday and simply post your suggestions in the comments section below. The hint is that this AIM listed company has engaged in multiple frauds. Hmmmmm AIM listed frauds, still a long shortlist but as a second clue, this one is not bust yet!

Table of shorted AIM shares - week to 14/10/2016

Published 280 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last time...

September UK Investor Show Magazine - TW's top 7 holdings, 5 AIM frauds named & shamed and more

Published 281 days ago

The September edition of the UK Investor Show magazine is live and as its two lead features reveals the top seven shareholdings of my family trusts, names and shames 5 AIM listed frauds and contains a raft of share tips and 3 sells (to zero) plus an exclusive interview with Richard Poulden of Wishbone Gold (WSBN), a challenge to PM Theresa May and Jeremy Corbyn involving Keith Vaz and much more. You can access the magazine now and at no cost below. I, Tom Winnifrith, am now on leave, Steve Moore will be editing the next issue.

F40 Asian Citrus: acquisition circular delayed (well I never!) How long until Nomad walks?

Published 281 days ago

Already suspended ShareProphets AIM-China Filthy Forty play Asian Citrus (ACHL) announced this morning that there has been a bit of a delay in getting its circular together in relation to a property acquisition first announced back in August which seemed riddled with related party issues. Since then the company’s shares have been suspended from trading on the Casino amid allegations of accounting irregularities which have led to a delay in releasing its FY16 accounts. 

The shady rampers behind Mkango exposed by Dan Levi - palpable lies behind this worthless crap

Published 281 days ago

Comrade Brokerman Dan has today revealed quite appalling lies told by promoters of the worthless AIM rare Earths disaster in waiting Mkango Resources (MKA). This shows both what amateurs they are and also the dishonesty surrounding the company. Dan and I will be putting Mkango to the sword as it presents in London on 17 November. Register today to join us. Now read on and see why these shysters must be exposed.

Gable - when was it toast and why were investors not told? Heads must roll Mr Stuttard

Published 281 days ago

Slung off AIM yesterday, Gable's (GAH) main subsidiary is now in administration and the PLC will surely follow, as I explained HERE. No doubt Marcus Stuttard and the oxymoronic clowns round at AIM Regulation will no doubt just dismiss this as "one of those things" that happen now and again on "the world's most successful growth market". The CEO has made £15 million in the AIM years but investors have lost everything. There must be an major and formal enquiry and here is why.

Gable Holdings Inc. – Dewsall keeps on spinning as main subsidiary goes tits up

Published 282 days ago

Gable and its loathsome scumbag gives capitalism a bad name CEO WIlliam Dewsall have yet to inform shareholders of the latest bad news but bad news there is aplenty. According to the publication Insurance Age, Gable Insurance AG was placed into administration by the Lichtenstein Regulator

Vast Resources - The Interest Free loan which will actually cost a minimum of 27.5%

Published 283 days ago

Shitty little AIM Companies such as Vast Resources (VAST) would be better off borrowing on the company credit card than dealing with loan sharks such as Bracknor and Northland Capital. To add insult to injury Vast describes as $2 million loan today as interest free. Bollocks. It is even more expensive as the infamous loan from fragrant Katrina Clayton the wife of the FD at FRAUD African Potash (AFPO).

Mkango - the ramp has failed, its a countdown to the bailout placing

Published 283 days ago

Have you looked at the chart of AIM dog Mkango Resources (MKA)? It is a corker. It is all down to the looming cash crisis and that is why the shares now trade at 3.5p-4p which is below the IPO fund-raise price from June 15. That tells you how much trouble this piece of Turkish is in.

Igas – proposes bond covenant waivers as breach expected w/c 24 Oct. SELL!

Published 283 days ago

The denouement has started – you can’t say you were not warned over and over again here in ShareProphets. AIM-listed and over indebted Igas Energy (IGAS) has gone cap-in-hand to its bondholders to seek a series of waivers and a standstill agreement on its bond covenants while a capital restructuring is negotiated. Shareholders face a bloodbath this side of Christmas, but already the stock is down 11% on the day.

Concepta: how would you like a free £70,000? No thanks said AIM Investors - morons

Published 283 days ago

Concepta (CPT) has announced that it has issued 464,674 shares following the exercise of warrants - something we warned you about last week. That brings in £34,851 which is frankly neither here not there. Around 10% of that cash came from the exercise of warrants by FIML and my pension fund. Neither are selling at anything like this price although the shares are well up on a 14p offer share tip.

Tern – where are the investee accounts of Push and Seal?

Published 283 days ago

AIM-listed jam-tomorrow investment company Tern plc (TERN) has a few strings to its bow beyond subsidiary (or is it investee?) Device Authority, formerly known as Cryptosoft. One might wonder at the valuation of that one – see HEREbut the other bits and pieces of investments are the (thus far) less than entirely successful Flexiant which is in administration, Push Technology and Seal Software.

Table of shorted AIM shares - end September 2016

Published 284 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of September (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last month...

Igas – tick tock, tick tock, as bonds slip it’s almost covenant breach o’clock

Published 284 days ago

For all the positive news of late regarding permits for the fracking industry (even if its own application for planning permission from Notts County Council saw the decision deferred to next month), AIM-listed drowning-in-debt Igas (IGAS) still has the pressing problem of staying within its bond covenants. The company stated in its interims to June 2016, released on deadline day of 30 Sept,  that it was expecting to breach its daily liquidity covenant in the second half of October – that could be as early as next Monday.

Tern – basis of valuation of investment in Device Authority Limited

Published 284 days ago

We have challenged Tern (TERN) repeatedly on the basis of its valuations of its investments previously. Well now we have accounts out for its major investment, Device Authority.

Telit - now the biggest short on AIM?

Published 285 days ago

There are many smaller companies on AIM that are heading for zero as they are either almost out of (other folks) cash - Avanti Communications (AVN), IGAS (IGAS) or are plain frauds like African Potash (AFPO) nor Cloudtag (CTAG). But if you are a looking for a big company with plenty of borrow that is ripe for a share price collapse look to Israeli tech stock Telit (TCM). At 278p the market cap is a monstrous £321 million, call it $400 million. That is a rum n coke.

ShareProphets Exclusive: Teathers and Sefton all-paper merger proposal as return to AIM is mooted

Published 286 days ago

ShareProphets has learned that the management of EX-AIM-listed Teathers (TEA) which was put in place by shareholder activism is to put formal merger proposals to ex-AIM-listed Sefton Resources (SER) with a view to the combined entity eventually relisting on AIM. The plan, subject to due diligence and shareholder approval by both companies, would see a new project (yet to be disclosed) injected into the combined entity, alongside the Teathers App business with the aim of getting back on to the Casino. This would, of course, represent a most remarkable turnaround for shareholders in both companies if it were achieved.

FastForward - On the ramp again, guess cash must really be low and it's placing ahoy

Published 286 days ago

FastForward - On the ramp again, guess cash must really be low and it's placing ahoy
Lorne Abony must have needed a holiday because having been running at more than one RNS a week for most of the year things went quiet (relatively) in August and September at FastForward Innovations (FFWD), the second most self-ramped stock on AIM. But now old Lorne is back in full ramptastic mode with two announcements in two days at the end of last week.

Tom Winnifrith Bearcast: Why twitter could be worth $0 & a note for stock owning moron homophobes

Published 286 days ago

I again find myself asking about the high correlation between those who own shares in the crappiest frauds on AIM and those who think calling someone gay is a term of abuse. Whatever. Of more import I look at twitter a case study in bull market insanity. It will not be "different this time" and there is a case for saying that the shares are worth $0.

Optibiotix - another step forward to the Skinbiotix demerger: buy/average down

Published 287 days ago

Optibiotix (OPTI) has announced the appointment of Martin Hunt as Chairman and Director of its majority owned subsidiary SkinBiotix Limited. Why does this matter? Because this unit will be spun off with a separate AIM listing well before Christmas. This is one of the last box ticking to do before formal confirmation of the process.

Progility - How does Wayne Bos reckon his related party deal of 3 years ago has fared?

Published 287 days ago

Just over three years ago Wayne Bos was seen as the man who was going to turn around AIM Listed ILX. He stuck in a bit of his own cash and with the shares at c10p, long suffering investors were lead to believe that the future was bright. So ILX then paid £15.97 million in shares to buy Progility (PGY), a company owned largely by er....Wayne Bos.

Teathers Financial - More 4 figure Largesse as the boys go on the lash big time with semi clad young ladies

Published 288 days ago

May and June 2015 was a time when Teathers Financial (TEA) was awash with cash thanks to an April placing. The only question was how quickly could the company's directors spend it? There was the shooting party and the General Election party but more was needed and on 29th May, the Friday before a bank holiday weekend folks were getting mighty thirsty.

Tern – yet more confetti, this time at just 7p – 36% discount

Published 288 days ago

Anyone who was buying shares over the last few days in AIM-listed jam-tomorrow investment company Tern plc (TERN) has just been spanked in pretty spectacular style this morning. With the shares having traded as high as 14p just last week, this morning saw a placing to raise £2.55 million (gross) at a whopping 36% discount to yesterday’s closing bid price – and a 50% discount to the peak of last week. Tern seems to be in a bit of a downward spiral with regard to its confetti issues – the previous two placings were at 8p and then 12p. 

Cloudtag - Second Chance Accounts in - show what a lie is the $5.2m distribution deal

Published 289 days ago

The major international distributor based in a shed in Blackpool Second Chance has finally filed its accounts for the year ended 31 January 2016 with Companies House and they show quite evidently that the deal with it announced by AIM listed fraud Cloudtag (CTAG) is sheer fantasy.

African Potash - an admission that it has committed fraud & a new caption contest for Lord Peter Hain

Published 289 days ago

On 1st September AIM listed fraud African Potash (AFPO)demanded that I pay it money, withdraw all my articles about it and promise never to write again. It stated that if I did not comply by 4 PM on 2nd September it would be forced to take legal action against me. I told the bitchez at fascist lawyers Memery Crystal that I was 2 nil up against its fraudulent clients so far (Globo and Pirate Pete Landau), that I could not wait for disclosure that would bring me a hat-trick and that I'd see the bitchez in Court. So where are we now, a month later? Er....

ShareProphets Exclusive: Sefton Resources gets an EGM Requisition after Chris Oil sells shares to Ben Turney

Published 292 days ago

The ex-AIM-listed Sefton Resources (SER) disaster story looks set to take an extraordinary new turn. ShareProphets hears that Ben Turney has now amassed enough of a holding to requisition an EGM proposing sack-the-board resolutions, appointing himself and one of his Teathers Action Group colleagues instead. Oooh, er.  But the most bizarre twist of this is that we hear that the source of Ben Turney’s holding of 585.1 million shares (out of 4.7 billion) is none other than a certain Mr Chris Oil, via a private sale. Aceeeeeeeed!!

Filthy Forty – Taihua Interims and two rather large RED FLAGs

Published 294 days ago

Well, all of the remaining ShareProphets AIM-China Filthy Forty got their numbers out yesterday - with the exception, of course, of the now suspended MoneySwap (SWAP) and Asian Citrus (ACHL) whose auditor is taking a rather close look at the bank accounts. The ouzo will have to wait, but the pop-corn went down well anyway. Included in the last-minute Charlies was Taihua (TAIH) and a rather large looking Red Flag is to be found here. Let me explain….

A hot share tip Friday at 2PM for just a fiver... and its not Deutsche Bank

Published 295 days ago

Well as it happens Germany's largest bank is a stock where we have a clear view: SELL! It is in dire straights but its shares still look hugely overvalued. So that is a free tip from us: short Deutsche.  But that uncertainty has created other opportunities in the market and we have one such opportunity for you coming up on Friday 30th September (tomorrow) at 2 PM sharp.

Filthy Forty Reporting Season Update: two down (suspended), six still to report as the clock runs down.

Published 296 days ago

Ten days ago we identified ten of the (only) seventeen still-listed members of the ShareProphets AIM-China Filthy Forty which had a results reporting deadline of tomorrow (Fri 30 Sept) to meet. Actually, it was eleven as although Asian Citrus (ACHL) has a year-end of March it is dual listed in Hong Kong and only gets three months to report its finals there. But it won’t make it and has been suspended – as has MoneySwap (SWAP) which can’t get its accounts out on time. Which of the Filthy Forty are still to report, with just one day to go?

Marcus Stuttard, Sham Sheriff of AIM: here is your specially selected AIM Portfolio. Good luck, pal.

Published 296 days ago

If Marcus Stuttard, the Sham Sheriff of AIM, really believes that the Casino is properly regulated, we think he should put some of his own money where his complacent mouth is by investing in a portfolio of companies which would demonstrate his confidence in his team of Oxymorons at AIM Regulation. We are such nice guys here at ShareProphets that we have helpfully compiled a beautifully diversified portfolio for him. We, ahem, AIM to please.

Filthy Forty Asian Citrus – a FRAUD as shares are suspended?

Published 296 days ago

Strike two. The September reporting season has just taken its second victim of the 17 remaining members of the ShareProphets AIM-China Filthy Forty. Asian Citrus (ACHL) has announced that it can’t get its numbers out by tomorrow’s deadline for the HK Stock Exchange in the wake of allegations over conflicting bank statements and books which have triggered further audit work so as to get to the bottom of it. Thus the shares are to remain suspended over here (having had the plug pulled yesterday lunch time, “pending an announcement”). Oh dear Mr Marcus Stuttard, the Sham Sheriff of AIM, surely this could not be yet another China FRAUD on the Filthy Forty coming to light, could it? But I thought there was no problem of fraud on AIM….

The arrogance of City folk who fail to accept there is a problem with China fraud - they are alright Jack

Published 296 days ago

A leading City broker today opined "Now for bashers of Chinese Aim stocks they can have a field day today with Asian Citrus Holdings and their announcement on why they are suspended." Bashers of Chinese AIM stocks? Bashers? For the thousands of private investors who have seen their pensions raped by China frauds as City advisors have banked vast fees and prospered let us put those words into context.

Porta Communications: Top PR woman Emma Kane & some really dodgy looking share dumping

Published 296 days ago

I like Emma Kane the boss of PR agency Redleaf which is 66% owned by AIM listed Porta (PTCM) a lot, but she has a hell of a lot of explaining to do with regard to how she dumped millions of shares just days before today's diabolical results from Porta

Game, set, match. Mr Stuttard: two case studies proving the regulation of AIM is not fit for purpose

Published 296 days ago

In the wake of the Radio Four broadcast regarding AIM fraud on Tuesday, and as we approach the climax of the September reporting season, two companies on the ShareProphets AIM-China Filthy Forty which have now reported prove beyond doubt that the regulation of Sham Sheriff Marcus Stuttard’s beloved world’s most successful growth market is completely unfit for purpose. Those two companies are Jiasen (JSI) and Aquatic Foods (AFG). Mr Stuttard and his team of Oxymorons at AIM Regulation may protest that they are doing a good job and that there is no problem. The facts clearly demonstrate otherwise.

Dear Aunty – about that AIM Fraud radio programme last night…..

Published 297 days ago

It was an interesting experience listening to the Radio Four show “File on Four” yesterday evening at 8pm. It was a programme about fraud on AIM, with a big focus on the China Frauds we have exposed right here on ShareProphets. There have been plenty of other frauds which have resulted in Tom Winnifrith being in receipt of lawyers’ letters, death threats and much more besides. And with reference to the China Frauds, it is here that you read it first. So why is it that the Beeb didn’t bother to get in touch with us directly?

Eden Research - Rum & Coke Interims - when will the Terpenetech FRAUD be conceded

Published 298 days ago

AIM listed long time fraud Eden Research (EDEN) has posted half calendar year numbers which are as dismal as ever - this is a company whose retained losses after twenty one years are now £34.145 million. After 21 years of promising ever more jam tomorrow Eden is still reliant on fraud to keep going.

Tom Winnifrith Bearcast: Fraudsters, losers & tossers the lot of them

Published 298 days ago

In this bearcast I refer to my article on the Trump & Clinton debate overnight and what it means HERE and the latest shocking expose of Quindell fraudster Rob Terry HERE.  I warn about bad things happening in Euro land and the worst of tem all is Deutsche Bank. There is a Radio 4 programme tonight on AIM fraud at 8 PM. I am not involved but some fine upstanding members of the community are. that is irony in case the loser Roger Lawson thinks I have forgiven him and ShareSoc for defending the blinkx law breakers by smearing me and Ben Edelman.Elsewhere I look at the role of certain NEDS who are Tim not so nice but fucking dim. I cover the Cloudtag (CTAG) scam, Northern Petroleum (NOP) - placing ahoy _ and Imaginatik (IMTK) as well as China fraud Jiasen (JSI)

Filthy Forty Haike Chemical – first out of the traps this week with interims. Red Flags for breakfast?

Published 298 days ago

Well done to ShareProphets AIM-China Filthy Forty play Haike Chemical (HAIK) for being first to stick its head above the parapet this week with the release of its interims to June. One down, nine to go. The PR reads well enough: profitable for the half, lots of cash in the bank. That’s the spin – but what about the Red Flags – such as negative net current assets?

ShareProphets RNS Translation Service: Frontera Resources – rampety ramp, rampety ramp (PS you’ve just been diluted again)

Published 298 days ago

AIM-listed Texas-based oil explorer and monster cash-burner Frontera Resources (FRR) yesterday released another ramptastic RNS. The shares stormed ahead by 29% on the day, with the rise getting going at about 11am. No doubt someone just got very lucky, as an RNS didn't come out until 3.35pm.

CSF Group – Delisting proposal for shareholders with a gun to the head

Published 299 days ago

AIM-listed CSF Group (CSFG) announced this morning that it is to call an EGM for shareholders to consider a resolution to delist from the world’s most successful growth market. The reasons cited are the lack of institutional demand, liquidity which is effectively meaningless and the failure to secure additional capital by way of equity financing. So much for AIM as a source of growth capital.

The Chairman's Blog 16: Sir Benjamin Dover of Global Mining Endeavours wants to meet Sir Henry Bottomface

Published 299 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be candid in his approach. Blog number sixteen....

Igas – New Year tip update: crunch time this week?

Published 300 days ago

When I penned my one and only suggestion in the 2015 ShareProphets Christmas tipfest, AIM-listed Igas Energy (IGAS) shares sat at 18.5p on a market capitalisation of £55.3 million. They have been all over the place since then – up as high as 21p twice and down as low as 10p. They are currently 12p as the last bubble nonsense deflates gently but has anything really changed? Er, no. The company is still drowning in debt which it can’t repay and the lit fuse is now almost ten months shorter. Igas remains a stonking sell.

Vote Now in the Filthy Forty Pongy Poll! Which will be the next F40 casualty of the Sept 2016 reporting season?

Published 301 days ago

Last year’s Sept reporting season saw a raft of casualties as members of the ShareProphets AIM-China Filthy Forty either failed to release numbers on time and/or saw the Nomad quit. With less than one week to go until deadline day for interims to June 2016 (or finals to March 2016) there are ten of the remaining 17 members of our iffy index still to report (or announce that they won’t). Which will be the next to get suspended?

ShareProphets China AIM 'Filthy Forty' update – further more than half our index not 'Geong, Geong', but Gone…

Published 301 days ago

Just over two months on since our previous update and two more ShareProphets China AIM 'Filthy Forty' companies have followed Geong International and co in 'Geong, Geong' and then gone - and another has been suspended...

Kibo & Opera deal: good news for one and the other is a running joke

Published 302 days ago

Today comes news that Kibo Mining (KIBO) has sold its non core gold assets to Standard Listed joke company Opera Investments (OPRA). This is good news for Kibo ..as for Opera, its standing just could not get any lower.

Draganfly – a pointless AIM POS raises a few more coppers for the meter

Published 302 days ago

At almost no-one-is-watching o’clock yesterday (4pm) a complete waste of space POS on AIM called Draganfly Investments Limited (DRG) announced that it had raised a poxy £145,000 before expenses through the good offices of its Broker Beaufort Securities at 0.8p a share – a discount to the prevailing share price of 27% - representing 35% of the existing equity. Ouch and double ouch. But the whole thing is a complete joke of an enterprise.

Filthy 40 Origo Partners: "Notice of Results" = profit warning

Published 302 days ago

ShareProphets AIM-China Filthy Forty play Origo Partners (OPP) issued a notice of results RNS on Wednesday, telling us that its interims to June 2016 will be released on reporting deadline day of Sept 30th. But the statement also had a massaging down of expectations slipped into it. Oh, alright, let’s call it a profit warning – but how bad?

Filthy Forty MoneySwap – shares suspended: more ouzo at ShareProphets Towers

Published 304 days ago

Well that didn’t take long: at 9.53 up goes our piece (HERE) pointing to the possibility that ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) could find itself suspended out of the blue with no warning (apart from HERE) and lo and behold the shares are suspended 37 minutes later (see HERE) because the company can’t get its accounts to March out on time. In view of this and in honour of the disappearance of QE Mr Stewart Dickson (formerly Dick) from Nomad Cantor Fitzgerald in the wake of the African Potash (AFPO) scandal (see HERE) I have changed my name to Mystic Meg.

Tom Winnifrith Bearcast: I hate you Barclays, you are bastards

Published 304 days ago

I reflect on how we gym users suffer and on how dealing with Barclays Bank as a customer has made me so angry today. I hate the banksters and make a few unkind comments about the Isle of Man. Then it is onto Feedback (FDBK) and a detailed look at Cyan (CYN) and an awful broker note you can read HERE from Beaufort which I tear apart. I really despair at how bent AIM has become. What is the point of being honest anymore? 

Filthy Forty MoneySwap – share price falls below proposed bailout

Published 304 days ago

I wondered HERE whether the proposed rescue refinancing of stricken ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) could get into a spot of bother as the shares were sliding. Now they have slipped below the mooted bail-out price of 0.2c per share.

BREAKING: Gable - why did it not reveal its dire regulatory mess to investors?

Published 304 days ago

Gable (GAH) says that it wants to stay on AIM and its CEO William "Piggy" Dewsall seeking a new Nomad following the resignation of Zeus Capital on 12 September. In which case why is it NOT informing investors of the regulatory mess it is in? Is that not an AIM Rule breach? Is it telling prospective Nomads the bad news? Why did it not announce the information below on 9 September when its shares still traded? Is this why its chairman walked on 9 September? Answers Piggy, give us some frigging answers!

EXCLUSIVE: Northern Petroleum: Argentine Unit heading for bankruptcy court - when was it going to tell investors?

Published 305 days ago

And there was I thinking that if AIM listed companies had bad news they had to issue an RNS? Well maybe Chris Cleverley has re-drafted the rule book because Northern Petroleum (NOP) seems in no rush to fess up to the impending collapse of its Argentine subsidiary.

Tern – Hurrah! A contract for Device Authority.

Published 305 days ago

I’m a bit confused by this morning’s RNS from Tern plc (TERN) which announces a contract for its “subsidiary” Device Authority. News of $300,000 heading into the coffers of the former Cryptosoft entity over the next three years will be viewed as most welcome by Tern’s shareholders. 

I am at War: Get your See You in Court Bitchez T-shirt and help me fight the African Potash fraudsters: Tom Winnifrith

Published 306 days ago

You can read the letter African Potash (AFPO) and its bully boy lawyers Memery Crystal sent me HERE. It is, quite frankly, a shocking admission of guilt on the charge that Potash committed Securities fraud. Yet these shysters are demanding damages and costs from me! My aim is to get Potash booted off AIM and to see all those involved taught an almighty lesson. I will fight the bastards, and their crony capitalist advisers, all the way!

Avarae Global Coins – review of full-year results, tender offer & proposed delisting

Published 306 days ago

Avarae Global Coins (AVR) describes itself as “the UK's only publicly traded specialist company dedicated to purchasing, holding and selling rare and high quality coins”. If it gets its way, that is not to be the case for much longer…

Guess the chart competition Monday - win a signed Sheriff of AIM Calling card

Published 306 days ago

Just a bit of fun, unless you are moronic enough to own this AIM disaster story. Here is the one year chart for a well known stock on AIM. All you have to do is guess it. To give you a hint it is 90% of the way to reaching fundamental value.Post your entries in the comments section below.  The first correct entry wins a signed Sheriff of AIM calling card.

ShareProphets RNS Translation Service – Galasys booted off the Casino

Published 306 days ago

This morning the long running saga of boardroom civil war at Galasys (GLS) finally came to a sorry end as far as its Casino listing was concerned, as the company was taken for its one-way trip to the AIM Execution chamber a month on from the resignation of its Nomad, WH Ireland. You can’t say you were not warned to steer clear on this website as long ago as last December. As yet another notch is carved on the ShareProphets’ bedpost, the ShareProphets RNS Translation Service has taken a look at this morning’s RNS from the now delisted company (original in bold)…..

SKIL Ports & Logistics: Insider dealing? Misleading Investors on AIM or just gross incompetence?

Published 306 days ago

Three years ago shares in AIM listed India play SKIL Ports & Logistics (SPL) were c90p. A year ago they were 40p before rallying to 85p in February 2016. On Friday they fell sharply from 22p to 20p. Did someone know something? Yes they did. At 4.32 PM, after hours, there was a shocking warning.

Filthy Forty – interims deadline looms: yet more executions afoot?

Published 306 days ago

Of the original 40 AIM-China companies we identified as our ShareProphets Filthy Forty, the steady attrition has seen that number whittled down to just 17 companies. The period either side of the reporting deadline for calendar 2015 numbers (30 June) saw further departures, but last year’s interims deadline saw a queue for AIM’s Death Row develop. How are we looking this time?

Filthy 40 Taihua – Open Offer (to fund share buy-back) result: it’s a rum’n’coke

Published 307 days ago

In the curious world of ShareProphets AIM-China Filthy Forty play Taihua (TAIH) we have now had the result of the Open Offer which was announced in order to raise funds to pay for a share buy-back. I’ve got a great idea to get Jeremy Corbyn elected into Downing Street: let’s raise the basic rate of income tax in order to fund a cut in the basic rate of tax. I digress….This is, of course, all from a company which saw its Auditor issue a going concern emphasis of matter and a qualified opinion on its FY15 accounts in relation to trade receivables.

Filthy 40 Origo Partners – still a bargepole ahead of EGM

Published 308 days ago

A week on Monday sees ShareProphets AIM-China Filthy Forty play Origo Partners (OPP) put a series of proposals to its shareholders which it hopes will finally draw to an end the ongoing dispute with Brooks Macdonald in relation to the non-redemption of a tranche of its zeros dividend convertible preference shares. The last effort at this ended up with shareholders defeating proposals aimed at a resolution, but perhaps this time – with the threat of an orderly wind-up under the watchful eye of the Isle of Man Court in mind – perhaps it will be different this time. But the shares remain a bargepole in my view.

BREAKING: African Potash - First adviser walks - will anyone else show they put morality over money?

Published 308 days ago

I sensed that those close to the fraud African Potash (AFPO) were getting skittish and now I can reveal that the first adviser has indeed handed in its notice. And I am not surporised as to who it is that has shown that it puts morality ahead of money.

Motive Television - now in administration ( at last) - Questions, questions?

Published 308 days ago

It was rather inevitable but I bring you below the Companies House Notification which confirms the good news, the worst company on AIM, Motive Television (MTV) is now officially a dead parrot. Naturally what actually happened is nothing like what Motive told its moronic shareholders. 

Rurelec – will it be taken down by creditor IPSA, booted off AIM for failing to clarify financial position?

Published 308 days ago

Yesterday morning the Peter Earl trainwreck IPSA (IPSA) was booted off the AIM Casino having served its maximum time suspended pending financial clarification. In fact it had been suspended since September last year, once again making a mockery of AIM Rule 41. It has repeatedly warned shareholders that it could face a one-way trip to the corporate knackers’ yard and now, with no listing, one wonders whether administration now beckons – and whether this could be the beginning of the final chapter for fellow cash-strapped (and ex- of Peter Earl) Rurelec (RUR), itself recently restored to trading on AIM, for at the last count Rurelec owed IPSA £1.8 million.

Ergomed receives a "buy" recommendation - You is avin a giraffe gents: sell

Published 309 days ago

Ergomed (ERGO) receives a "buy" recommendation is the headline of the RNS Reach that has just gone out. It is very unusual to announce a broker report so I had a butchers at the RNS Reach - a Reach is an announcement the Nomad deems not to be price sensitive. Read on and you see why.

Infrastructure India plc – Oink oink, corporate piggery writ large on AIM

Published 309 days ago

Well this looks too good to be true and, as with the China Frauds, I fear that it probably is. AIM-listed Infrastructure India (IIP) announced a new asset manager agreement yesterday morning under which Franklin Park Management LLC will be paid a cash fee of £5.52 million a year, plus 605,716 free shares under a deal which appears to be for a minimum period of about four years. That seems quite steep for a company with a market capitalisation of just £82.5 million (source: ADVFN).

The Chairman's Blog 14: Sir Benjamin Dover of Global Mining Endeavours celebrates as the Daily Mail brings home the bacon

Published 310 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be candid in his approach. Blog number fourteen....

Lyin' Chris Cleverley walks from Blenheim - the sleazy and sordid African Potash deal unravels

Published 310 days ago

This morning it has been announced that Lyin' Chris Cleverley the CEO Of fraud African Potash (AFPO) has quit investmentment company Blenheim Natural Resources (BNR) where he became a NED on 16 December 2015. He leaves with immediate effect citing a desire to "concentrate on other activities" and we are told the decision is mutual. What horseshit.

MP Evans still pumping out green oil despite a few problems

Published 313 days ago

Since I last covered MP Evans (MPE) in May, there has been no lack of drama on AIM. But if you just wanted to own a decent business, collect a few dividends and sleep somewhat soundly at night, you could have done a lot worse than buying into this company.

Gable - Nomad quits as Company says it will delist, remaining NEDs walk as well - £15m Scandal!

Published 313 days ago

I have been warning you that Gable (GAH) was a zero for a good while - indeed my most recent warning came over the weekend as I discussed the resignation of three NEDs within 40 days. Now the Nomad has quit as have the remaining two NEDS and the shares will be suspended ahead of a delisting on 12 October. This is a scandal. Shareholders will almost certainly lose everything but CEO William Dewsall has made £15 million since the IPO and will now plunder whatever is left.

Tern – 2015 accounts for Cryptosoft (now Device Authority) filed. Why don't the numbers match the accounts of Tern?

Published 314 days ago

Tern plc (TERN) investee company Cryptosoft Ltd as was (now Device Authority Ltd) has filed its accounts for the fifteen-and-a-bit months to Dec 2015 and the picture painted is not pretty. Nor is the cross-match (or lack of it) to the accounts of (then) majority owner Tern plc. Call me a pedant, but surely the investment by Tern into the share capital of Cryptosoft at period end should not exceed the total of share capital and share premium, should it? Oh, and then there were a few balance sheet issues.

Notes from Underground: Drop the Dead Donkey

Published 314 days ago

In the next 11 days we will be in Court at least once (snake oil salesman Darren Winters Round 5) but perhaps more of African Potash makes Tom a happy man and sues him for libel. He says he really does want to "see the Potash bitchez in Court!" For those company executives who consider legal letters journalists as a way of dimming pesky sunlight, I'd like to quote a bit of an article ShareProphets linked to last week. It's regarding Theranos, the once sky-high medical diagnostics firm that has had quite the fall to Earth.

Tom Winnifrith Bearcast: Pronto, Crowdfunding scandal, the SFO & Quindell

Published 315 days ago

I look at the SFO decision on Tesco (TSCO) and examine what exactly it means for the fraudsters such as Rob Terry & Jon Stretton Knowles of Quindell who are now under investigation. And where does it leave smaller AIM listed frauds such as African Potash (AFPO), Cloudtag (CTAG) and Eden Research (EDEN). Then I look at the demise of crowdfunded new media darling of fuckwit millennials - Pronto. This is a massive scandal if anyone cared to look. Did anyone backing the funding back in June of this year know the company was already bust? Companies house shows that is the case HERE. Does crowdfunder Seedrs feel no responsibility to flag up such matters?  There are also read acrosses to listed tech plays such as Clouldtag to consider. 

The Chairman's Blog 12: Sir Benjamin Dover of Global Mining Endeavours getting into Bath with Miss Skirt

Published 315 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog number twelve....

ShareProphets Translation Service: Daniel Stewart – Rob Terry writes off investment by Quob Park.

Published 316 days ago

Hooray! The ShareProphets Translation Service, refreshed after its nice summer holiday in a swanky London penthouse suite with plenty of coke and hookers, is back. And what better way for it to get back to work than to take a look at the latest blog from fraudster Rob Terry’s Quob Park Estate – which has now admitted that it is going to write down its investment in former AIM Cesspit poster-boy Daniel Stewart Securities plc (DAN). So much for 10p a share, ho ho ho - the crocodile tears are flowing at ShareProphets Towers.

AIM SHOCKER: Galasys - AIM’s day of sickening shame as Chairman points the finger

Published 317 days ago

In a quite astonishing statement released yesterday, the non-exec Chairman of AIM death-row inhabitant Galasys (GLS), Mr Kim Seng Teh, has given his account of an unbelievable systemic failure on the AIM Casino to control the behaviour of the board of a member of the world’s most successful growth market. WH Ireland, as the Nomad responsible for this train-wreck until a few days ago, has a number of serious questions to answer, as does AIM Regulation – which, I hope, will be asking a good few questions of its own. I wouldn’t like to second-guess who is the villain in the boardroom and who is the innocent party, but I am sure of one thing: heads must roll in the oversight department.

Obtala - this is non dilutive funding to grow, good news

Published 317 days ago

Rather than issue shares like confetti as most AIM Companies do and, indeed, as under its former management Obtala (OBT) used to do, this company is raising capital to expand in a non dilutive way.

African Potash – AIM Rule 26 page updated: where has joint broker Cornhill gone?

Published 317 days ago

So having pointed out that AIM-listed and under-the-Sheriff’s-spotlight African Potash (AFPO) was in slam dunk breach of AIM Rule 26 by naming the wrong brokerage as its joint broker (actually the one named closed down at the start of this year), and incorrectly naming its Auditor, the company has got around to getting things up to date. And so we can now see that it has one joint broker in the form of its Nomad, Cantor Fitzgerald. So what happened to the other joint broker, Cornhill? Has it resigned? I think (and AIM Rules dictate) that we should be told.

Filthy 40 MoneySwap – death postponed (again)

Published 318 days ago

It was announced on Monday afternoon that stricken ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) has drawn down another additional £147,000 under a keep-the-lights-on bridging facility whilst it tries to get a refinancing together. It has now borrowed $395,000 of a $200,000 facility, plus three extensions. Oh, and its CEO walked last week, with (apparently) non-Exec Chairman Craig Niven stepping in as interim CEO. Except on Monday he was still being noted as non-Exec in the RNS.

The Chairman's Blog 10: Sir Benjamin Dover of Global Mining Endeavours is stranded in France and needs help from Chris Cleverley again

Published 319 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog number ten....

Filthy 40 Haike Chemical – yet more Red Flags as it admits 50% overstatement in trading update

Published 319 days ago

ShareProphets AIM-China Filthy Forty play Haike Chemical (HAIK) took the biscuit this morning with an update that its last trading statement was just sheer hogwash. If it was uninvestable before, finding out that an “administrative oversight” led to a 50% overstatement of revenue which has taken almost seven weeks to come to light ought to have investors shying away from their bargepoles even if wearing asbestos gloves.

BREAKING: InternetQ- was I right about the dodgy Bubbles after all? Companies House shocker emerges

Published 319 days ago

In the December 2015 from my winter base in Greece I ran a series of articles, starting from Athens with Love, which, I believed, quite clearly showed that the Greek, AIM listed company InternetQ (INTQ) was a fraud. Specifically I demonstrated that its music streaming business Akazoo was a sham. The company denied this and in the end its boss Panagiotis Dimitropoulos and fund manager Tosca paid c£20 million to buy out minority shareholders and take InternetQ private. A cute deal or burying the truth in private? This is going to shock you.

Table of shorted AIM shares - end August 2016

Published 319 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of August (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last month...

Tern – “Issue of Equity” RNS = founder of Cryptosoft (now Device Authority) walks

Published 320 days ago

This morning AIM-listed jam-tomorrow investment company Tern plc (TERN) released an RNS bearing the title “Issue of Equity”, with the text starting with the subtitle “Exercise of Warrants”. All rather routine you would think (well, usually) and one might think that there was little to get excited about from an RNS announcing the exercise of 198,151 warrants at 2p a pop. I suppose that if I owned those warrants, I’d probably be fairly excited about getting around £20,000 of stock for around £4,000 but in the context of approx. 79 million shares in issue it’s not a hill of beans for the company. Oh, er, hang on….what’s this:

African Potash – Nomad Cantor Fitzgerald has grave questions for its compliance officer to answer

Published 320 days ago

I read with alarm the deluge of shocking revelations regarding AIM-listed African Potash (AFPO) from the Sheriff of AIM, Tom Winnifrith. The most recent – and possibly most surreal – development was the lawyers’ letter from the twice-bitten-but-still-not-shy Memery Crystal on behalf of its client, Potash. Tom Winnifrith has already suggested that the letter makes a number of stunning admissions, but in my view the implications of the African Potash affair for Nomad Cantor Fitzgerald Europe need to be addressed urgently.

African Potash and AIM Rule 26. Does Nomad Cantor Fitzgerald give a fig for it responsibilities?

Published 320 days ago

Oh dear. It seems that we have a slam-dunk breach of AIM Rules in the form of extremely honest Chris Cleverly’s AIM-listed African Potash AIM and its dealings with its Nomad Cantor Fitzgerald. It is Cantor and its lead QE Stewart Dickson who are in the spotlight today as we have at least 1 clear rule breach under its watch to report. We will start with a minor transgression and work upwards. Perhaps while Marcus Stuttard’s oxymorons at AIM Regulation consider the serious content of Tom Winnifrith’s recent missive (HERE) they might turn their attention to the quality of Nomad oversight demonstrated in what follows.

Buy San Leon at a 45.5p offer

Published 321 days ago

Oh no, you cry, not that old dog? San Leon Energy (SLE) has suffered disaster after disaster as an AIM stock over the years and its CEO Oisin Fanning appears to have been well rewarded for failure. Anyhow, everyone hates oil stocks. Yes you are correct on all counts which is why the market has failed to recognise what an amazing deal Mr Fanning has just pulled off. The shares will be re-rated rapidly as that sinks in and as oil prices start to push higher - we expect to see $60 oil by Q1 2017. Therefore buy San Leon today at a 45.5p offer.

Tom Winnifrith Bearcast: RIP Maurice Byrne, this is dedicated to you my friend

Published 322 days ago

I start with a dedication to Maurice Byrne, a friend of my family for more than 40 years, a true eccentric and a bearcast listener who sadly passed away on Thursday. I will miss him, not least as a bulwark against the raging political correctness of my family. Then I turn to Cloudtag (CTAG) and African Potash (AFPO) two companies now exposed as having lied to investors in a material way just days before placings. What does this say about investing in frauds? What does it mean for the shares and what does it mean for AIM? as the Potash story now starts to head towards the Nationals (oh yes St Brides PR brace yourselves, you can smear me but will you continue in that vein?) what happens next in both cases? Maurice would have enjoyed these battles in so many ways.

The Chairman's Blog 9: Sir Benjamin Dover of Global Mining Endeavours talks Brexit, mad EU regulations, Chris Booker & Miss Skirt

Published 322 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog number nine....

Is it acceptable for Nomads to sit by while their client company tells lies by RNS?

Published 322 days ago

Well of course it is not. At least, that is what AIM Rules for Nomads tells us, in the 2016 edition. So if a company has told a demonstrable lie, surely the Nomad should either resign in protest or be publicly strung up with piano wire by Marcus Stuttard’s team of oxymorons at Aim Regulation. I quote from the Nomads’ rulebook (emphasis in bold is mine):

Cloudtag: revenue warning and an admission it lied 4 days before a placing: that is FRAUD

Published 322 days ago

Hell: who cares if a company on AIM tells a blatant lie about a big order a few days before a bailout placing? African Potash (AFPO) reckons that is okay and now it appears that the most ramped stock of the moment, Cloudtag (CTAG) thinks that it is just part of the game too. Does anyone care about the rules any more or is fraud now acceptable on AIM?

AIM fraud should be food for thought for Deutsche Boerse CEO Carsten Kengeter as lawyers lick their lips

Published 322 days ago

A chance encounter with a London lawyer whilst on holiday has drawn my attention to the issue of the useless regulation of London’s AIM market and how market forces may find a way to address the shortcomings so often bemoaned here on ShareProphets.  

CDialogues - it was a complete dog!, to be liquidated little more than 2 years after joining AIM…

Published 322 days ago

“Following successful completion of the general meeting earlier today… the last day of dealings in the company's ordinary shares is 14 September 2016 and at 7.00 a.m. on 15 September 2016, the company's ordinary shares will be cancelled from trading on AIM”. Hmmm - “successful” CDialogues (CDOG) says…

Origo from the Filthy Forty – Execution No. 24 pencilled in for a week on Monday as photos arrive at ShareProphets Towers

Published 323 days ago

It rather looks as though the ShareProphets AIM-China Filthy Forty is set for its twenty-fourth execution, in the form of Origo Partners (OPP) which has now been suspended pending financial clarification for just under the six month period which triggers automatic delisting under AIM Rule 41 (if, that is, the Oxymorons at AIM Regulation bother to enforce it). The ouzo is on ice.

Andalas: New Plans to monetise pie in the sky, its ramptastic news - placing ahoy!

Published 324 days ago

AIM Rule breaker Dave Whitby of worthless crock of Turkish, Andalas Energy (ADL) is now officially on a ramptastic rampage as he works out how to get a bailout placing away before the New Year in order to stave off bankruptcy in the early part of 2017. Surely it is only a matter of time before he does another interview with Justin the Clown and gets the full ramping crew from Vox Markets and Big Gib's Momentous Events into action. After all, folks are only 90% down from buying into the ramp last time. What could possibly go wrong?

The FRAUD African Potash: bailout placing & loan deferral delays bankruptcy till January

Published 324 days ago

Aha, let's tell the morons that we are going to take legal action against Tom Winnifrith for pointing out that we are lying bastards who commit fraud. That will allow us to get a rescue placing away but we don't want to go for libel because disclosure would destroy us. Telling spivs you are going to sue the Sheriff of AIM allowed the fraudsters at Sefton to issue more confetti several times and African Potash (AFPO) is using the same playbook. But death for this worthless POS is merely postponed by a few months.

China Fraud MoneySwap – CEO walks at no-one-is-watching o’clock. Is it bust yet?

Published 324 days ago

Last night at no-one-is-watching o’clock (5.30pm) ShareProphets AIM-China Filthy Forty play Moneyswap (SWAP) announced that its CEO, Ms Sunny Yu had walked the plank with immediate effect. Has the cash run out yet, and will Nomad Allenby follow suit?

Galasys – EGM called… oh dear, is it chairman versus CEO? And a correction….

Published 324 days ago

We have already noted that AIM-listed Galasys (GLS) appears to be minus a company secretary, minus a registered office, minus a Nomad, minus a Broker and minus a NED or two since the board declared war upon itself last year. Now it seems that two disgruntled shareholders have decided enough is enough, but the implications as to what has been going on are dreadful.

Filthy 40 Asian Citrus moves into property. How much cash is left?

Published 324 days ago

My thanks go to Cynical Bear for spotting the latest missive from the ShareProphets AIM-China Filthy Forty purveyor of biblical plagues, Asian Citrus (ACHL). Having seen a pretty complete disaster unfold over the last few years, the company has decided to make a move into the property game in order to broaden the sources of income and to boost the business performance of the group. Call me a cynic: given the history of natural disasters, plague, locusts and invasions by Martians, how long will it be before the buildings in question are found to be suffering from concrete cancer?

Still no lawyers letter from Memery Crystal acting for fraudsters African Potash so here's the one they sent us on behalf of fraudsters Globo - it is a scream

Published 325 days ago

As you are aware African Potash (AFPO) has told the morons that it is consulting its lawyers about taking action against me for daring to point out that the the company were liars who had committed Securities fraud. Potash's lawyers are Memery Crystal whose senior partner was aware of at least one Potash fraud as he was cc'd in on the emails ahead of the RNS. That, as I explained HERE, is why Nick Davis should quit the AIM Advisory board now. So far Memery Crystal, has not sent me a letter on behalf of the Potash fraudsters but it did sent me one one behalf of the fraudsters at Globo. It really is fascistic, pompous and shows that Memery Crystal will act for the scum of the earth as long as it gets paid. 

Glenwick - spunking £50,000 a month on what exactly as suspension looms?

Published 325 days ago

Glenwick (GWIK) the investment company ramped on the basis of sweet FA by new media scum like Big Gib ( aka Big Gob) and the sordid crew of unprincipled rampers round at Vox Markets, has today fessed up and admitted that its shares will be suspended as of Monday morning. Oh dear. But if you listened to the vipers at Vox I have bad news..this will get worse still.

Mkango Resources - Quarterlies and a whopping great lie about cash

Published 325 days ago

Mkango Resources (MKA) the companyu with worthless (not so) Rare Earth assets in African which no-one else wants and which was trading whilst insolvent at the time of its AIM IPO has released its debut quarterly results on the Casino."When in Rome"...Mkango has marked the occassion with a great big fat lie.

African Potash - 2 days to find $1.1 million: an open letter to Lord Peter Hain

Published 326 days ago

In two days time African Potash (AFPO) must repay its finance director's wife $1.1 million as it is obliged to clear the most expensive loan in AIM history. It has no cash so prepare for mega dilution as the loan will be repaid in shares at 0.29p per share, or lower. Against that background I have, this weekend, shown that on both January 6 2016 and December 1 2015 it lied to investors ahead of its last bailout placing, it engaged in fraud. The man charged with holding CEO lyin' Chris Cleverley to account on this is perma-tango tanned Labour Lord, Peter Hain. I have written to his Lordship today.

Trebles all round for the Bulletin Board Morons who just love backing frauds

Published 327 days ago

The poster was explaining to the many ignorant people who did not have the wit to understand Premier Cru's business model that what the ignorant thought was a fraud, was merely a savvy and sui generis business model.

The Chairman's Blog 6: Sir Benjamin Dover of Global Mining Endeavours writes in triumph

Published 328 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog 6

Fox Marble - chat with CEO Chris Gilbert: nailing the conspiracists

Published 329 days ago

There are folks out there determined to suggest that something is not qu9ite right with Fox Marble (FOX). In one sense they are correct, Fox has missed a stack of targets. We know that and it is well and truly "in the price". The conspiracists quite simply maintain that Fox is built on smoke & mirrors. They are - I believe - wrong but their war on Fox has left the shares very cheap indeed.

Filthy Forty – Univision prepares for court where there is only ever one winner

Published 329 days ago

The last time we covered ShareProphets AIM-China Filthy Forty play Univision Engineering (UVEL) is was in the wake of a profit warning regarding the trading performance of a unit it owned 52.25% of and was trying to sell. But there was also the threat of m’learned friends taking a slice as the jilted bride involved in the sale of a tranche of the company rattled the sabre. On Wednesday came this:

Tom Winnifrith Bonus Bearcast: what will the fraudsters at African Potash do next Thursday when they need to find £800,000 pronto?

Published 329 days ago

Firstly I untangle Friday's RNS from lyin' Chris Cleverley and the fraudsters at African Potash (AFPO) - folks you need to do the maths! Then I explain why, as at next Thursday, this fruadulent, out of cash piece of Turkish is screwed. The countdown is on as Katrina Clayton knows full well and the the full posse is in pursuit. Congratulations lying Chris..you have just met the Sheriff of AIM. Football fans will understand the phrase - should I get a calling card made?

Buy your P45 for Stewart Dickson of African Potash infamy mug now!

Published 331 days ago

Stewart Dickson of Nomad Cantor Fitzgerald is today exposed for his role in the scandal at African Potash (AFPO) as the company misled investors ahead of a bailout placing, as it committed fraud. You can read about Dickson's role HERE as we launch the "Fire Stewart Dickson to clean up AIM campaign."

ACEEEEEED!! Filthy 40 Taihua – on drugs as it announces Open Offer to pay for share buy-back.

Published 331 days ago

Well this is a most bizarre situation. ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has announced an underwritten one-for-three Open Offer at a 134% premium so that it can fund a share buy-back (and keep back a few quid for working capital). Has the company been taking too many doses of its own medicine?

LoopUp Group – shares to loop up or down following AIM IPO?

Published 331 days ago

“LoopUp Group plc (LOOP), a global software-as-a-service provider of remote meetings, is pleased to announce… admission of its ordinary shares to trading on the AIM market… The reception from investors… reinforces our belief that our differentiated product, business model and plans for the future provide the foundation needed to deliver on our potential as a public company”. With the shares currently at 112.5p, up from a 100p admission price, let’s take a look…

Harvest Minerals: re-Placement ramp underway!

Published 331 days ago

We do like to provide balance here on ShareProphets and in that vein we bring you yesterday’s morning note from Beaufort Securities, house broker to Harvest Minerals. As exclusively revealed HERE by Tom Winnifrith with his Sheriff’s hat on, the company pulled a placing at 8p last week, in the hope of getting one away at a higher price. But that appears to have triggered a short squeeze as forward-sellers were forced to cover their positions. But it now seems that it is full rampety-ramp steam ahead for a second attempt.

Galasys – an Open Letter to AIM Regulation

Published 332 days ago

I have this morning sent a missive to the fine upstanding, inscrutable and completely effective folks at AIM Regulation regarding the ongoing farce that is AIM-listed Galasys (GLS), which is currently suspended as its Nomad (WH Ireland) resigned last week with immediate effect. This morning, as reported HERE, yet another NED walked the plank with immediate effect, for “personal reasons”, following the Company Secretary, the Nomad and Broker and another NED out of the door, leaving the company with no registered office and a fast dwindling boardroom which is at war with itself.

Galasys – yet another rat deserts the s(t)inking ship as the company tries to pretend that it still has WH Ireland as Nomad.

Published 332 days ago

AIM-listed China and South East Asia play Galasys (GLS) has seen a stunning procession out of the door of late. One NED last December, the Company Secretary (not yet replaced) and Registered Office (not yet replaced) last week, another NED twelve days ago, the Nomad and Broker last week, and now yet another NED today. Surely there is no way back for the company now – yet the company’s RNS today was apparently signed off by WHI as Nomad and Broker!

An Open letter to the FCA, AIM Regulation and FRC asking each to investigate African Potash and Cantor Fitzgerald now over FRAUD

Published 332 days ago

Yesterday's expose here of AIM listed African Potash (AFPO) demonstrated quite explicitly and without doubt that the company was guilty of fraud - that is to say raising money, with the assistance of Nomad and broker Cantor Fitzgerald - having materially misled investors. I have today passed on the supporting documentation to three different regulators asking all three to open investigations into African Potash. My open letter explaining why follows.

Cloudbuy – contract RNS, no financials (natch) and unlikely to change market expectations

Published 332 days ago

AIM-listed jam-tomorrow e-commerce platform provider Cloudbuy (CBUY) has announced another contract this morning. No financials were provided and we are told that the contract is “not expected to change market expectations”, yet the release was a full RNS. 

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

Published 333 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.

EXPLOSIVE: African Potash and the £600,000 bung it neglected to mention in its pre-placing ramp

Published 333 days ago

On December 1 2015 AIM listed African Potash (AFPO) announced what appeared an incredible marketing deal for its fertiliser with a company called Beryl - of course nothing has come of the deal and what African neglected to mention was a £600,000 bung. A source in London has sent me the signed contract. One month and 12 days ahead of a bailout placing investors were grossly mislead as to the nature of the Beryl deal. Potash shares need to be suspended at once and AIM Regulation and the FCA have to get involved.

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

Published 333 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.

Mayair: if it looks like a China Norfolk & walks like a China Norfolk

Published 333 days ago

Such is the current febrile state of the markets that even China scams are being bid up with gusto. Take Mayair (MAYA), which purports to sell clean air filters in China and floated on AIM in May last year at 130p. Its shares, having gone down in a straight line to 40p (as insider selling outweighed the constant barrage of good news that these companies always come out with) have doubled to 84p in the last month as summer madness takes hold. The company itself was forced yesterday to say there is no reason for the rise. Indeed.

Tom Winnifrith Bearcast - will the Pizza Hard Man Darren Atwater be deported to Canada after test fail?

Published 334 days ago

The pizza hardman took a test to see if he can stay in the UK and avoid deportation to the socialist hell hole that is Canada. I give you one of the questions whuch had me stumped since in part it depends on whether you live in the hard working South or the Northern welfare safaris. Then I answer a question on forward selling and another listener question on whether Sirius Minerals (SXX) is cheap. Then it is onto Harvest Minerals, (HMI), Iofina (IOF), Alba (ALBA) and the Jim Mellon joke that is SalvaRx (SALV) which I have covered in full HERE. Finally I am working on exposing an AIM listed company which has been engaging in industrial scale bribery. I hope to run the story tomorrow. Can you guess the company? Suggestions in the comments section below. Ho Ho Ho.

Yujin International moves from AIM to ISDX in RTO. Bargepole of the highest order

Published 334 days ago

I’ve no idea what AIM-listed Yujin (YUJ) got up to in its previous life, but its shareholders (who may be wondering the same!) are clearly in for a treat as it moves to ISDX doing an RTO, share consolidation, change of name, a new board comes in and new advisers are appointed. We may have thought we had seen the Dream Team on ShareProphets, but this one goes straight to the top of the pile.

Filthy Forty – Yet another AIM execution as number 23, LED, finally bites the dust two month late

Published 334 days ago

They are still dropping like flies. This morning the ShareProphets AIM-China Filthy Forty saw its 23rd victim as LED International Holdings (LED) had its one-way trip from AIM’s Death Row to the lethal injection room. There are now just 17 of the original forty remaining, of which one is currently suspended. This is an incredible indictment of AIM, and the recent history of LED is the sour cherry on the rancid icing on the mouldy cake.

Octagonal Accounts - the dealings with Inspirit, how cosy: what a small world

Published 335 days ago

We know from an Inspirit Energy Holdings (INSP) announcement on 17 May 2016 that Octagonal (OCT) remains a major shareholder in Inspirit and that John Gunn is a director of both Inspirit and also Octagonal. This really is a cosy old relationship between the two AIM POS companies.

The Chairman's Blog 4: Sir Benjamin Dover of Global Mining Endeavours writes (from the Savoy)

Published 335 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Day 4

Filthy 40 Origo Partners – settlement deal on the table (again)

Published 335 days ago

ShareProphets AIM-China Filthy Forty play Origo Partners (OPP) has had its shares suspended from trading pending clarification of its financial position since 11 March this year, and with a six-month timetable to AIM execution due to expire next month things were looking dire until a no-one-is-watching o’clock RNS at 4.50pm yesterday. It seems as though there may be some light at the end of the tunnel. Has the Filthy Forty turned up some good news? I rather suspect the answer to that may just be yes.

Octagonal - Final Report: Is that really fair Vicar?

Published 336 days ago

Now that Teathers (TEA) disgraced Nilesh Jagatia has finally published accounts for another AIM POS, we can have a look at how Octagonal (OCT) has valued its investments. We start by looking at City Golf Clubs Limited.

Galasys – now Nomad WHI walks and it is Death Row in another kill for the Deputy

Published 337 days ago

AIM-listed Galasys (GLS), with its boardroom at war, has seen a succession of departures of late. Its company secretary and provider of the registered office, Computershare, gave the company the heave-ho originally as from 5 August (later extended to today). The one NED whose job security did not depend on court proceedings walked as announced last Friday. And now Nomad WH Ireland has had enough, resigning with immediate effect yesterday afternoon. Is this the final death-knell?

Golden Saint – update on Licence Renewals forced out

Published 338 days ago

Perhaps my question as to what was going on regarding AIM-listed Golden Saint (GSR) and its ongoing licence renewal saga landed just in perfect time between Nomad Roland “fatty” Cornish’s breakfast and lunch, as the company issued a statement shortly after my earlier piece today. Jolly good – let’s see what the company has to say for itself….

Golden Saint Resources re-enacts Godot – how’s that licence renewal going?

Published 338 days ago

On 19 July AIM-listed POS Golden Saint Resources (GSR) announced that it would make arrangements to pay the licence renewal fees in the course of the next two weeks. Well, here we are well into week 5: has the money been paid or not? Have the licences actually been renewed?

Earthport – “is pleased to provide” a trading statement for a year of “challenges” & a “material… fraud incident”. Hmmm…

Published 339 days ago

A leading burner of cash (Oops, sorry, “leading payment network for cross-border payments”), Earthport (EPO) “is pleased to provide an unaudited trading update for the fiscal year ended 30 June 2016”. Hmmm…

Filthy 40 China fraud Aquatic Foods: “Technical administrative delay” sees dividend postponed.

Published 340 days ago

Oh dear, oh dear. This does not look good. ShareProphets AIM-China Filthy Forty China fraud Aquatic Foods Group (AFG) has announced that it hasn’t paid its full-year dividend of 0.7p per share due to a “technical administrative delay”. Is that because there isn’t any cash?

Cloudbuy Interims: more future Hartleys but will the cash last long enough?

Published 340 days ago

Following on from the release of its FY15 numbers two days ahead of the reporting deadline, AIM-listed e-commerce technology operator Cloudbuy has put out its interims to June in rather more expeditious fashion. Having previously noted the jam-tomorrow qualities to be had, is there any sign of the lorry-load of conserve on the horizon?

Galasys – yet another corporate departure: what of corporate governance?

Published 340 days ago

Oh dear, just when things were going so well for AIM-listed Galasys (GLS)! Here we have a boardroom at war with itself, the provider of company secretarial services and registered office resigning (date now extended to this Friday) and joke accounts. Now, having seen its token Westerner walk from the board as independent NED last December, Mr Vincent Lai Tuck Yuen was announced to have stepped down as NED on Friday last week, effective immediately – apparently “due to personal reasons”.

BREAKING Cyril d'Silva and the hidden £1.6m court loss -why didn't Fatty Cornish tell us?

Published 345 days ago

Is this the reason that Cyril d'Silva quit as boss of AIM POS Golden Saint Resources (GSR) on 10 February 2016 - a court judgement against him in Singapore for £1.6 million plus interest from 27 January 2016.

BREAKING: Strat Aero tries to gag Hulsey Smith & a free press with legal injunction: fails

Published 345 days ago

Oh dear. Oh dear. AIM Casino bad boy Strat Aero (AERO) does not like seeing emails which show clear evidence of industrial scale fraud and market abuse appearing in public. That is the emails you can see HERE in the $20 million legal claim filed against by proud Texan Hulsey Smith. And so on Monday it went to court to stop the flow of information and to get existing articles pulled.

More PR horseshit from CloudTag - next placing due when?

Published 348 days ago

Cloudtag (CTAG) the AIM listed jam tomorrow producer staged its last placing on July 14 but will again have negative net current assets by September 1 and is thus serving up more ramptastic PR bollocks to its moronic shareholder base to ramp the stock ahead of the next confetti issue. Today's "Binding Heads of Terms Signed with US Partner" RNS puffery was a classic.

IGAS - irrational exhuberance, just fracking nonsense

Published 348 days ago

Shares in overindebted AIM-listed Igas Energy (IGAS) have shot out of the traps this morning on news that Theresa May is in favour of fracking and wants to bribe the locals into letting it happen. There is also a technical matter announced last week that Igas underwent a capital reduction which apparently strengthens the balance sheet......if only. The share price reaction has seen the shares race ahead by as much at 47% (30% last seen) but has anything changed? Er....

Glenwick - AIM cronyism that stinks as suspension looms

Published 348 days ago

I am afraid that this involves Amanda Van Dyke, formerly of this parish, but the news from piece of Turkish Glenwick (GWIK) stinks of AIM cronyism and it is bad news all round for shareholders as suspension looms.

Conroy Gold & Natural Resources - size does matter but you really need to feel the width don't you?

Published 349 days ago

Earlier today I flagged up the problems Strat Aero (AERO) has with AIM Rule 11. A trusted correspondent asks does Conroy Gold (CGNR) have a similar issue? 

Buy Concepta at 12p and at up to 17.5p - target to sell 28p

Published 349 days ago

Investment Case: The AIM admission of Concepta (CPT) a couple of weeks ago was through a reverse takeover of shellmeister (Adam Reynolds)-saved Frontier Resources International (FRI). We backed Reynolds when he became involved in Frontier, but despite his track-record, then was clearly somewhat speculative as we awaited a deal to be delivered. Now it has and it looks like Reynolds has delivered another promising one…

Beaufort Securities lending cash to Strat Aero boss for bogus share purchase to ramp shares pre placing - Market abuse and Fraud

Published 349 days ago

The more one reads of the explosive legal dossier packed with damning emails, filed by Hulsey Smith in the Texas Courts against Strat Aero (AERO), the more one sees the massive implications for the whole of AIM. In yesterday's bearcast I discussed the massive conflict of interests at Strat's broker Beaufort Securities. Now let's take that further...if you are a Beaufort client this should concern you.

Fishing Republic – more confetti to come as 18-month just not an issue

Published 349 days ago

AIM-listed Fishing Republic (FISH) only came to the Casino on 4 June 2015. Apparently newly listed companies are supposed to come to the world’s most successful growth market with 18 months’ working capital in the bag. But on Friday it was announced that Fishing Republic is calling a General Meeting in order to seek shareholder authorities to allow it to issue yet more confetti.

Tom Winnifrith Bearcast Declaration of War with Strat Aero - specific instances of fraud & crime

Published 350 days ago

Ok this is my declaration of war because the fraud and crimes at Strat Aero (AERO) concern not just this one POS AIM Casino company but also touch many other players in the game. You can read the explosive 338 page legal document we published on Friday HERE. I am amazed that some of those named in it, Zak Mir for instance, have still not read it. They should. But mark my words, what went on at Strat goes on across the AIM board every single working day. If this really blows up there are an awful lot of folks who will be sweating.

The Scoundrels at FRAUD Strat Aero offer patronising and weedy response to ShareProphets expose: I declare war part 1

Published 350 days ago

Yesterday I exposed the scoundrels at AIM dog Strat Aero with the publication of a 338 page Texas legal disposition containing emails and other evidence that is damning. Not only does this show that Strat is up to no good and thus faces a very real chance of losing the $20 million claim against it and its officers, but it also casts a light on the sordid goings on on the AIM Cesspit. The Strat response is so offensively bad that it merits a declaration of war from the Sheriff of AIM on this piece of Turkish. Strat, as a PLC, you are a dead man walking...you are toast.

Golden Saint – Er, about those licence renewals?

Published 350 days ago

On 19 July AIM-listed POS Golden Saint Resources (GSR) released an RNS entitled Licence Renewal and Operational Update. What we learned was that in fact it had not renewed its licences at all (in Sierra Leone) but that it would be making arrangements to pay for the…licences in the course of the next two weeks. That was two and a half weeks ago: has it paid? Has it been granted the permits?

Table of shorted AIM shares - end July 2016

Published 351 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of July (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last month...

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

Published 352 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.

Antrim Energy Shares surge as Criminal Chris Oil dumps his stock...but when?

Published 352 days ago

Given the way that the concert party of criminal Chris Oil, ADVFN boss Clem Chambers and Brokerman Dan have managed to make Sefton the company that it is today, delisted and almost out of cash, folks might have feared that the next port of call was AIM Listed Antrim Energy (AEY) where the three amigos had built up a disclosable stake of 5.6 million shares. 

Your nominations needed NOW for the Australian team at the new Olympic Event of share ramping?

Published 352 days ago

In an article earlier today I suggested that my good friend David Lenigas was a slam dunk to win the individual gold medal in the new Olympic Sport of share ramping. But I was concerned that the recent poor form of long term stalwarts  of the Roos, such as Pirate Pete Landau and Andy Carroll, means that the Auzzie team in the freestyle share ramping relay event was in deep trouble. Indeed...

Exclusive: ECR Minerals – did Nomad Cairn force out CEO Stephen Clayson for serial porkies?

Published 352 days ago

On Tuesday AIM-listed ECR Minerals (ECR) put out a stinker of an RNS which crashed the share price. Yesterday we learned that the CEO is stepping down, effective at the end of this month. Did he jump, or was he pushed? And was Tuesday’s RNS completely truthful, and where does that leave the Nomad, Cairn?

Gullible, greedy private investors are helping to fuel the AIM cesspit - ref. African Potash

Published 352 days ago

Private investors who put their money into small AIM companies are often either incredibly gullible or the part of their brain which urges caution is blinded by greed – and this is largely why the market is able to function in the corrupt way that it does!

LGO Energy now just 0.14p to sell - placing ahoy? Bring back Big Dave Lenigas?

Published 353 days ago

Oh dear Oh dear, things are looking ever bleaker for Neil Ritson and AIM dog with fleas LGO Energy (LGO). Interims out next month will be diabolical, the cash position by now is looking grimmer than a wet Thursday in Scunthorpe and ramptastic announcements are just not having any impact on the share price, surely it is time to bring back Big Dave Lenigas. Cometh the day and all that.

Starcom - le AIM ramp de jour but valuation crackers

Published 353 days ago

Those lucky folks who got in on the most recent bailout placing for AIM dog Starcom (STAR ) in March at 1.5p have done brilliantly. The shares now trade at 4p mid and this is now le ramp de jour for certain morons on twitter and the bulletin boards. But the valuation is surely insane at £5.4 million given the ongoing losses, painful lack of tangible asset backing and the inevitability that another placing is imminent.

Filthy 40 GTS Chemical – delisting number 22, more to follow

Published 354 days ago

As expected it was announced this morning that ShareProphets AIM-China Filthy Forty play GTS Chemical (GTS) has had its listing on AIM cancelled after its shareholders passed a resolution to depart the Casino. This was always a foregone conclusion as there was a (vast) majority shareholder calling the shots, but it marks the twenty-second Filthy Forty departure from the world’s most successful growth market out of our original cohort. Shocking.

Tom Winnifrith bonus bearcast: Ding Dong the Environmental Recycling £65 million fraud Witch is dead - bring on the SFO

Published 354 days ago

Environmental Recycling Technologies (ENRT) was slung off AIM today. But the former 3DM is not telling you something rather more serious which happened 11 days ago. This is a fraud that is now officially dead;. It has cost mug punters £65 million. I explain why it is a fraud (as I did back in 2005) and I name all of those on the roll call of shame including FSA (now FCA) officials who failed investors, nomads, brokers, tipsters, managers. And I explain my next step - write to the SFO.

Servision - new NED to reassure on dodgy accounts? You're 'avin' a giraffe!

Published 355 days ago

AIM-listed Servision (SEV) has announced the appointement of a new NED. If that is supposed to reassure in the face of Tom Winnifrith's complaint to the FRC over the "interesting" accounting going on at the company then the CV of new appointment Mr Anthony Legge is just jaw-dropping.

Rurelec – another short-term loan, this time for just 90 days, death merely postponed

Published 355 days ago

The noose does appear to be tightening around AIM-listed Rurelec (RUR). It had appeared for a while that the board had managed to buy itself a little time with an extension to a previous short-term loan out to the summer of next year. But all the while the company has been clear that funding is tight. It comes as little surprise, then, that a bit of extra cash was needed but the terms (90-day maturity, 18% annualised interest) suggests that the company is more than a little distressed.

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

Published 355 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.

When August is in fact July - you can take advantage TODAY

Published 356 days ago

Sometimes it is good to wait... on Friday we were meant to have published our July tip of the month. But we still had a few things to check. It is better to be late and 100% sure than to rush and get it wrong. Especially when your money is at stake.

Filthy 40 MoneySwap – heads you lose, tails er….

Published 356 days ago

ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) has made no secret lately of its dire financial predicament. The investment case appears to be that it either gets a refinancing (with a new board) and survives – but with the new money coming in at a significant discount, or it does not in which case it is bust.

Tom Winnifrith Bearcast - Business models that are fecked - European banks to cash guzzlers on AIM

Published 357 days ago

The last podcast recorded with the audience of my father for a few days sees a few comments on how he yearns for the socialist paradise of Albania in the good old days. Whatever. I look at Nostra Terra (NTOG) and what it must do and another bear point for Avanti Communications (AVN) I had overlooked, at FastForward (FFWD) and why it is such a dog with fleas and at broken business models in both new media and the European Banks. The truth is that the Emperor's New Clothes, in both cases, really are not that impressive.

Galasys Red Flag Festival – boardroom farce, resignations & joke accounts

Published 358 days ago

Oh dear, oh dear, oh dear. Things are starting to terminal for AIM-listed Galasys (GLS). With the boardroom already at war with itself and dragging the dispute into English, Jersey and Singapore court-rooms and with qualified accounts released for FY15 now we learn that Computershare has terminated its services as company secretary and provider of the registered office. 

Craven House Capital: the spoof investment company without a home to go to

Published 359 days ago

Disappointing news emanating from Craven House Capital (CRV) at 11.20am today calling off the exciting move to the Specialist Fund Segment of the Main Market as it failed the eligibility criteria, so where does this leave the company now?

Filthy 40 China Africa down 36% today: how long until it is bust?

Published 359 days ago

Leading the losers board today currently is ShareProphets AIM-China Filthy Forty play China Africa Resources (CAF) with (last seen) a stonking drop of 36%. There is no news today, but yesterday’s interims, released at lunchtime, might provide the clue: it’s not pretty – the company needs to raise cash.

Purplebricks – now Old Mutual heading for the exit?

Published 359 days ago

We spotted that that the Chief Marketing Officer of AIM-listed Purplebricks (PURP) had been beating a hasty retreat the other day, selling £341,000 worth of shares acquired from the exercise of options almost as soon as the certificate arrived. But it seems that Old Mutual had a similar idea.

Frontera Resources – Red Flags for breakfast, anyone? SELL!

Published 360 days ago

DIRECTOR PURCHASES SHARES screams the headline – in capitals - of an RNS from AIM-listed Frontera Resources (FRR) - not to be confused with Frontier Resources - this morning. Ooooh quick, let’s all pile in – follow the money, as they say, because the insiders know what’s really going on. Er, hang on a moment….

China New – tardy Zambia RNS, shocking. When’s the placing?

Published 360 days ago

If you ever wanted a case-study in Red Flags then look no further than the FY15 results of ShareProphets AIM-China Filthy Forty poster-boy China New Energy (CNEL). This is a company festooned in them. Just for starters, let’s take a look at yesterday morning’s RNS and the involvement of its “independent” NED. It just stinks. Never mind about AIM Rules, let’s get the share price up so that we can get more confetti issued.

ValiRx – Great news as Bracknor death spiral funding package is ditched.

Published 361 days ago

I was delighted to read this morning’s RNS from AIM-listed cancer-buster ValiRx (VAL): it has ditched the value-destroying funding package with Bracknor. About time too, this has been a disaster for the share price ever since it was announced back in March. With the shares having crashed from 12.5p the day before the package was announced to the current 6.875p (last seen) the damage has been horrific.

Tern – Interims and ramptastic prospect of dividends (what with?)

Published 361 days ago

AIM-listed jam-tomorrow investment company Tern plc (TERN) released its interims to June 30 2016 this morning. Once again the company has to be commended on the speed with which it gets its numbers out. As expected there is a large paper profit, no cash and the promise of future dividends despite a lack of cash and hefty retained losses. As to the profit…..

Purplebricks – Chief Marketing Officer dumps £341k worth of shares - Great call pal

Published 362 days ago

AIM-listed Purplebricks (PURP) only joined the Casino in December and today it was announced that its Chief Marketing Officer dumped 243,618 shares at a price of 140p – worth a shade over £341,000 – last Friday.

Filthy 40 GTS Chemical: delisting as from 1 Aug close confirmed by AGM vote

Published 362 days ago

As previously noted HERE, ShareProphets AIM-China Filthy Forty constituent GTS Chemical (GTS) was proposing to delist from the Casino (which was why it cancelled its previously promised dividend despite a growing cash-pile, er…) and today’s AGM statement confirmed that this will take place at the close of play on 1 August. 

PhotonStar – running low on the readies?

Published 362 days ago

Serial AIM dog PhotonStar (PSL) has announced the issue of 230,857 shares at a price of 2.625p to former NED Mr Philip Marshall in settlement of outstanding remuneration, worth a total of £6,060. That the company didn’t just pony up the relatively small amount in cash raises the question as to why.

Frontera Resources: Management views shareholders with disdain, shares on watch list for death

Published 362 days ago

Boy oh boy, SP Angel's Zac Phillips is on a roll. The City's best oil analyst today sinks his teeth into the management of Frontera Resources (FRR) who show "intellectual deficit, moral deficit, or both." The message for shareholders is a clear one (bail) in what is a superb vicious note from one of the few City analysts prepared to call out wrongdoing on AIM. Our hero writes:

Shareholder activism – is a new broom set to sweep out AIM’s overpaid duffers?

Published 363 days ago

One swallow does not a summer make, according to Aristotle. I guess he would baulk at two as well but it does seem that a few swallows are getting the idea. I refer, of course, to the growing number of AIM companies facing shareholder activism. It is a good thing.

President Energy (oink, oink) – Placing ahoy?

Published 365 days ago

I see that AIM-listed President Energy (PPC) has this morning announced the appointment of a new joint broker in the form of BMO Capital Markets Ltd. One’s suspicions are, of course, immediately raised: an energy company (hardly a happy sector at the moment) appointing a new broker? Is it placing ahoy?

Tern – debtors paying up at Flexiant businesses but how much has had to be sunk in to get trading resumed?

Published 366 days ago

AIM-listed jam-tomorrow investment company Tern plc (TERN) has released an upbeat statement regarding its recent purchase of Flexiant assets out of administration. I’m sure this has nothing to do with shoring up a flagging share price as it threatens to drop below the 8p placing price announced two days ago.

Hooray!! Deputy Sheriff 1, Oxymorons 0 as F40 LED International heads to Death Row

Published 367 days ago

Marcus Stuttard, head of AIM! Xavier Rolet, head of the LSE. Oxymorons of AIM Regulation! Your boys took one hell of a beating, one hell of a beating!! Yes folks, it is game, set and match to the Deputy Sheriff as the immediate resignation of both the Nomad and the Chairman of ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) was announced today at eighteen minutes past midday.

China fraud: Haike Chemical loses CFO. Uh Oh…..are we on a familiar path to oblivion?

Published 367 days ago

Oh dear. One of the traits of the China Frauds is that so often the precursor to the wheels coming off the subterfuge is the resignation of the finance director. And so this morning’s announcement from ShareProphets AIM-China Filthy Forty play Haike Chemical (HAIK) that its Chief Financial Officer stepped down on Monday with immediate effect “for personal reasons” is a stand-out Red Flag. So is the tardy announcement.

Golden Saint – Licence Renewal….in two weeks

Published 368 days ago

AIM-listed POS Golden Saint Resources (GSR) has announced that it I to renew its three exploration licences in Sierra Leone and that it will be making arrangements to pay the fees over the course of the next two weeks. But the detail of the RNS reveals just how desperate the company was for cash at the back end of 2015, and seems to suggest also that there wasn’t exactly a queue around the block outside the Sierra Leone National Minerals Agency to compete for these obviously highly prospective plots.

Octagonal - GIS files accounts: curiouser & curiouser said the white rabbit to John Gunn

Published 368 days ago

After yesterday's farce of John Gunn's Octagonal (OCT) being forced to respond to an article by myself (HERE), it seems that Mr Gunn has been a busy boy. 

Imaginatik – shares down 32% on no news: statement needed!

Published 368 days ago

Rob Terry darling, AIM-listed Imaginatik (IMTK) has seen its shares slide by 32% (last seen) this morning, yet there has been no news issued by the company since 28 June when it was announced that Rob Terry’s Quob Park Estate had seen its holding reduced to almost 5%. Surely a statement is needed to explain the share price movement.

Tern – placing at just 8p as share slide continues

Published 368 days ago

AIM-listed jam-tomorrow investment company Tern plc (TERN) has announced yet another fundraising this morning – this time at just 8p per share, raising £0.525 million. That won’t have gone down too well with those who ponied up at 12p back in February when the company raked in £1.1 million, or those who contributed to the £0.72 million placing at 12p last August.

CloudTag – A disappointing “jam tomorrow” stock since 2013

Published 368 days ago

Being one of the few writers on ShareProphets yet to comment on the stock du jour of rampers everywhere (see HERE for the full coverage), I thought I’d take a visit down memory lane and see what lessons one can learn from CloudTag’s (CTAG) history. Guess what, it’s been promising jam tomorrow from the beginning.

Trying to make sense of Transense

Published 368 days ago

Shares in AIM-listed Transense Technologies (TRT) are up heavily on the back of a positive-looking trading statement and news of a licence agreement with NYSE giant General Electric (GE). But is the news all it is cracked up to be?

F40 LED International Holdings - where are the bloody Interims?

Published 369 days ago

In its results to June 2015, which were finally published almost six months late and were heavily qualified by the auditor which not only raised a material uncertainty in the Going Concern statement but also issued a disclaimer of opinion on a number of matters in the accounts, we were told that the board of the Filthy Forty's LED International (LED) anticipated the (now more than three and a half months late) interims to Dec 2015 would be announced during the first half of July...

Nyota Minerals- With Roland "Fatty" Cornish as Nomad the Panto continues

Published 369 days ago

Once again the folly of allowing Roland "Fatty" Cornish to act as a Nomad for AIM casino stocks is well and truly exposed. Once again mug punters are seen to have taken it up the jacksie because of the incompetence of Fatty who is, as I write, enjoying a full English breakfast with an extra two big fat juicy pork sausages just like they used to serve at his old boarding school. Today's case study is Nyota Minerals (NYO).

AIM has its part to play as the country prepares for Brexit. I’m not holding my breath.

Published 370 days ago

There is no doubt that AIM is an incredible cash-raising machine. According to the most recent AIM Factsheet (to June 2016), published by the London Stock Exchange (HERE) £41 billion has been raised in new issues, and a further £56 billion in further issues of shares – a whopping total of £97 billion. Over the 21-year life of the Casino that is a very impressive average of £4.6 billion a year.

Daniel Stewart – who bailed into Rob Terry’s Quob Park Estate Ltd just ahead of delisting? My, that was lucky….or was it?

Published 371 days ago

Shares in former AIM Cesspit poster-boy Daniel Stewart Securities plc (DAN) were booted off the exchange back on 22 Jan 2016. That must have been a tad galling for Quindell (QPP) fraudster Rob Terry and his henchmen at Quob Park Estate Ltd, which had previously suggesting that there was upside to 10p a share on offer. Having been suspended in October 2015 for failing to publish accounts (still outstanding, by the way), the loss of Beaumont Cornish as Nomad in December put the final nail in the coffin.

ShareProphets China AIM 'Filthy Forty' update – now more than half our index not 'Geong, Geong', but Gone…

Published 371 days ago

Approaching two months on since our last update and another ShareProphets China AIM 'Filthy Forty' company has followed Geong International and co in 'Geong, Geong' and then gone - and another has announced its proposed departure...

Rurelec – FY15 report published; finger of blame pointed

Published 371 days ago

Blow me down! Having been suspended for failing to get its accounts out on time AIM-listed Rurelec has finally got its calendar FY15 numbers out. Fair play to the two-man board: with an ongoing cash-crisis as they try to rescue the company from its dire situation the workload must be extreme. With the numbers now out (after-hours, of course!) the shares are expected to resume trading on Monday. As to the report, it is dreadful – and the finger of blame is firmly pointing in the direction of the old guard under Peter Earl. It is a shocking read.

China FRAUD LED, useless AIM Regulation and AIM Rule 41: I despair. And where are the Interims?

Published 372 days ago

The clock is ticking for ShareProphets AIM-China Filthy Forty play LED International Holdings (LED). Actually, the clock ran down to zero last month but still AIM Rule 41 has not been invoked. AIM Regulation is well aware of the situation and has elected to do nothing: the chocolate teapots appear to be happy to flout their own rulebook in blatant fashion.

E-Therapeutics: having bagged shares from sale of Searchbolt, CEO quits

Published 374 days ago

Tom Winnifrith described the deal under which AIM-listed E-Therapeutics (ETX) repurchased a company called Searchbolt (having spun it off some while back) as stinking like a pile of rotting kippers at the height of summer. In the event, two directors of E-Therapeutics ended up with (between them) almost 3.4 million shares in the company from the transaction. Now the CEO (who accounted for 3,350,228 of those shares – plus a cash sum to cover capital gains tax) has quit with immediate effect.

Shock, Horror! Beaufort issues a "sell" note (re Hotel Chocolat)

Published 374 days ago

Well this doesn't happen very often. In fact, I can't remember the last time I had a morning note drop into my inbox only to find that something was being rated as an outright sell. The usual guff is a series of "speculative buy" ratings (often on things I wouldn't go near). But this morning Beaufort Securities has broken the city's unwritten code of conduct, plunging the knife into recent AIM IPO candidate Hotel Chocolat (HOTC).

The Corruption of the financial media part 3 - The Telegraph AGAIN and this time its Collagen

Published 375 days ago

In the past week I have flagged up two prime examples of why the established financial media is part of the problem of AIM corruption not the solution HERE and HERE. Today the same paper, the Torygraph, serves up a third. I refer you to the market report written by pouting Tara Cunningham ( see below).

China fraud Aquatic Foods – shares roofing it: surely a statement required?

Published 375 days ago

There are so many Red Flags surrounding ShareProphets AIM-China Filthy Forty Aquatic Foods (AFG) that it is hard to know quite where to start. One could consider the discount to cash, to profits, to assets and wonder why there have been no buy-backs announced just for starters, but there are plenty more to be found HERE. So why have the shares been roofing it?

ValiRx – EGM today as turkeys are given a second chance to vote for Christmas

Published 375 days ago

AIM-listed cancer-buster ValiRx (VAL) has its EGM today at 11.30am at the offices of DAC Beachcroft LLP, 100 Fetter Lane, London EC4AS 1BN. After shareholders voted to reject a resolution to disapply pre-emption rights at the AGM a couple of weeks back, the company has called a new gathering at which shareholders are being asked to vote on it again with management hoping that this time the shareholders get the answer right. Heck, it works for the EU, so why not here? Update - motion passed, shares down.

Eastbridge Investments executed as the Filthy 40 Death Toll hits 21

Published 375 days ago

As predicted HERE ShareProphets AIM-China Filthy Forty play Eastbridge Investments (EBIV) had its one-way trip to the AIM execution chamber last night. It becomes the twenty-first AIM Casino departure on the Filthy Forty. There are more to come, it is just a matter of time.

Golden Saint Resources – golden handshake from Cyril who sells up and discloses late

Published 376 days ago

In a final two-fingered salute to the Casino, Cyril D’Silva has informed AIM-listed POS Golden Saint Resources (GSR) that he is off to spend more time with his classic cars, and detailed some share transactions incredibly late: so long, and thanks for all the cash...

Igas – Sunday press PR puffery tells you all you need to know: sell

Published 376 days ago

Tom Winnifrith has already quite correctly berated the Sunday Telegraph for its piece yesterday on the ongoing travails of AIM-listed Igas Energy (IGAS) and its little debt problem. The sense of desperation which saw this piece of abject puffery in a national newspaper is apparent to anyone who looks at the balance sheet, or read the comments from the company about its expected bond covenant default in the second half of this year (ie any time now). But the article reads like a dodgy RNS aimed at getting the bulletin board morons to pile in while the crony capitalists get out.

Why AIM’s woeful regulatory environment makes it a hotbed of FRAUD.

Published 377 days ago

It seems that we at ShareProphets are not the only people concerned about the amount of fraud we see on the London markets – and, in particular, on AIM. We have seen the horror of the biggest stockmarket fraud for thirty years (Quindell, QPP – now Watchstone, WTC) unfold before our very eyes and yet as Tom Winnifrith doggedly banged on the doors of AIM Regulation and the FCA they did nothing and the frauds continued unchecked for far longer than they otherwise would.

China fraud LED International Holdings and AIM Rule 41: when a rule isn’t a rule at all

Published 378 days ago

ShareProphets AIM-China Filthy Forty member LED International Holdings (LED) has been suspended from trading since 22 Dec 2015 – we are well into month seven of suspension, then. AIM Rule 41 says: “The Exchange will cancel the admission of AIM securities where these have been suspended from trading for six months”. Yet LED has still not been given the order of the boot by AIM Regulation. I dropped our friendly Oxymorons a line….

Table of shorted AIM shares - end June 2016

Published 378 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of June (by net short position %) - and if the positions have increased (red), reduced (green) or remained unchanged (black) since last month...

Servision – increased undrawn SEDA Death Spiral which it does not intend to draw?

Published 378 days ago

Tom Winnifrith has stuck the knife into AIM-listed Servision plc (SEV) more times than Avanti (AVN) has missed performance targets – see HERE. And so today we learn that the company has amended the terms of a financing package with YA II PN Ltd (otherwise known as Yorkville) which involved a loan agreement backed by a standby equity distribution agreement (SEDA) – for that, read “death spiral”. But the comedy is in the text of the RNS.

Fleet Street is part of the problem of AIM Corruption not the solution - The Telegraph & Avanti

Published 379 days ago

Shares in Avanti Communications (AVN), once the darling of AIM, collapsed by 60% yesterday amid all sorts of horrors emerging. It is a big story and most papers are covering it, at least with a mention. But in the Daily Telegraph there is nothing ....except

Tom Winnifrith bonus bearcast - 14 Red Flags you may have missed At Avanti Communications

Published 379 days ago

I would expect the collapse in the Avanti Communications (AVN) share price to continue. You cannot say this site did not warn you. In this bonus bearcast I run through 14 red flags which apply to Avanti and which I managed to jot down in less than ten minutes. Drat! I missed an obvious 15th: the promise to move from AIM to the Main Market. It did not happen. Companies that promise the jump but don't make it (think Quindell) are always red flagged.

Igas - shares sliding, is the penny starting to drop?

Published 380 days ago

Shares in AIM-listed and debt-ridden Igas Energy (IGAS) hit a new low point today of just 11.5p per share. They have since recovered to 12.25p (last seen) which is still below anything registered during the slide from the heady days when previous head honcho Andrew "piggy" Austin did his sale-and-repurchase deal with Equities First Holdings LLC. Is the penny starting to drop about how big the debt problems are?

Strat Aero: Litigant W. Hulsey Smith Releases New Bombshell letter

Published 380 days ago

Texan W Hulsey Smith is suing AIM listed Strat Aero (AERO) and vice versa in legal action that has the potential to derail the company for good. Smith has today released a third letter calling for "Transparency with Shareholders" and arguing that "Something Just Does Not Add Up"...

The Final Malcolm Stacey Caption Contest winner is... The King

Published 380 days ago

Day 7 of the Getafix on Holiday Caption Contests saw six entries as you can see HERE. But there was only one winner which, once again, was the King of the Caption Contests himself, Show Me The Cash. His entry to the photo below is:

Mkango Resources - spending Chris Oil's criminal cash on netball in boNGO boNGO land, CSR rubbish

Published 381 days ago

Worthless AIM and TSX listed Mkango Resources (MKA) has today issued a statement saying that it is analysing some data it had already told us that it had acquired. So in fact it is telling us nothing new at all. But it gets better. It then gives details of its "Corporate & Social Responsibility programme." Jeepers. This will make you cry.

Cloudtag - Option spoof and Bulletin Board Morons Fail to understand basic maths

Published 381 days ago

The sort of folk who not only believe every word that the war criminals Blair and Straw say about Iraq but are also lobbying the BBC to have Chris Evans appointed as the new presenter of Top Gear, are heavily concentrated on the shareholder list at Cloudtag (CTAG), an AIM listed company that is almost insolvent and whose valuation is a joke. Its shareholders are possibly the stupidest folks I have encountered on twitter with the possible exception of the England soccer team.

Andalas - Spoof y'all: whens the next bailout placing?

Published 381 days ago

Dave "Rule breaker" Whitby and his colleagues at AIM Listed Piece of Turkish Andalas Energy (ADL) are on the spoof again with a ramptastic RNS saying nothing at all of of any interest whatsoever. Folks know Whitby's game and the shares are off at just 0.165p because what is really happening is the start of the ramping that proceeds a deeply discounted placing. Next up a soft interview with Zak "Judas" Mir, a podcast with Justin the clown or a presentation at a Proactive seminar? Perhaps a buy note from Edison? We have seen the Andalas ramp before and surely no-one is stupid enough to buy it again?

Igas - result of bond "Dutch Auction", shares still a sell

Published 382 days ago

We previously flagged that the "Dutch Auction" tender offer by an un-named client of Pareto Securities for the senior secured bonds of AIM-listed Igas Energy (IGAS) might present a bit of a threat to shareholders. We've now had the result of the tender offer...

Eden Research - here is how you cover up that £600,000 fraud a bit longer

Published 383 days ago

After the sad AIM demise of its sister company, the fraud Environmental Recyclying (ENRT), I have been thinking long and hard  about Eden Research (EDEN). I am a nice guy and I am wondering how CEO Sean Smith and PR himbo Paul "Queenie" MacManus can cover up the massive Panama pump securities fraud of last August. I would urge them to act quickly but I do have a cunning plan to postpone their day of reckoning.

Eastbridge - When will Greg Collier fess up about the Court case?

Published 384 days ago

Nigel Somerville has already explained why Eastbridge Investments (EBIV) is toast in that it has no Nomad and sweet FA chance of completing an RTO in the next few days and thus avoiding being booted off AIM. But it gets worse: there is the matter of the Court Case.

Filthy 40 AIM Casino Elimination Stakes – you were right! (so far…)

Published 384 days ago

It seems that Yougov, Mori and whatever else the pollster are called these days have a thing or two to learn from ShareProphets polling. They keep on getting it wrong, but our readers responded to the question of how many delistings and suspensions were coming on the ShareProphets AIM-China Filthy Forty over four weeks from 17 June and half of respondents said two or three. So far, it is bang on. Mind you, there are still a few days to go.

Filthy 40 MoneySwap refinancing proposals as equity faces big dilution

Published 384 days ago

Friday after-hours saw a no-one-is-watching o’clock proposal released by ShareProphets AIM-China Filthy Forty play Moneyswap (SWAP). IF all goes according to plan then existing shareholders will be diluted very heavily as the bailout money gets most of the equity (at quite a discount to Friday’s closing price). If not then the company goes bust. But you can’t say you were not warned.

China FRAUD Taihua - another stinker of a set of results from the Filthy 40

Published 385 days ago

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) released its FY15 numbers on Thursday – deadline day to avoid suspension under AIM Rules. But they were released after-hours at 4.52pm: talk about last-minute. The numbers are a horror, but then so is the Auditor’s Qualified opinion, and the material uncertainty warning in the Going Concern Statement.

Filthy 40 – China New Energy FY15 results: a stinking POS festooned in Red Flags

Published 385 days ago

ShareProphets AIM-China Filthy Forty play China New Energy (CNEL) has seen us hoist the Red Flag on several occasions before (see HERE) but its FT15 results, released on deadline day (Thursday) take the biscuit. The company is, quite simply, a disgrace and its advisers (Nomad Cairn and disgraced Broker Daniel Stewart) should be ashamed.

China fraud 40 Jiasen – drowning is cash, generating cash, profitable, PE<1, cancels dividend. Why might that be?

Published 386 days ago

Having traded as high as 6.25p just six weeks ago, shares in ShareProphets AIM-China Filthy Forty Jiasen International (JSI) have collapsed down to just 3p after it scraped over the line to release its calendar FY15 numbers on deadline day yesterday. The numbers are, of course, wonderful…which is why the company which is drowning in Red Flags (oops) cash has cancelled the full year dividend.

China fraud LED International Holdings and AIM Rule 41: is AIM Regulation asleep at the wheel (again?)

Published 386 days ago

ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) finally got around to releasing its FY numbers to June 2015 just a few days ago - almost six months late. As discussed HERE the Red Flags are horrific: the auditor (BDO) issued a Disclaimer of Opinion, as well as raising a material uncertiainty in the going concern statement. Quite why the Nomad, Allenby, did not quit on the spot is a mystery to me. But the shares are still suspended as the interims to Dec 2015 are now three months overdue. And that brings me to AIM Rule 41:

Filthy 40: Hooray! ANOTHER Nomad resignation as Eastbridge joins Death Row

Published 386 days ago

Three strikes and you’re out: ShareProphets AIM-China Filthy Forty Eastbridge Investments (EBIV) – the former China Wonder and then Quihang – announced the resignation this morning of its Nomad, Northland Capital Partners, with immediate effect. The shares are consequently suspended, and if no replacement is found within a month then it is lethal injection time. Mind you, there is a rather more pressing deadline in ten days, in that Eastbridge will be given the boot anyway if it can’t fulfil its investing policy as an AIM investment company by then. Since that was reliant on some hare-brained plan to raise more cash, that surely will now not happen. In short, Eastbridge is toast.

Filthy Forty AIM Casino Elimination Stakes: now in the final furlong but a loose horse has already crossed the line!

Published 387 days ago

The race to see which of the twenty remaining ShareProphets AIM China Filthy Forty companies clocks up a suspension/delisting is hotting up as we enter the final furlong. Yesterday saw the loose horse of Grand Group (GIPO) – a non filthy forty runner but an otherwise well qualified AIM-China play nonetheless – cross the line first with a suspension as it can’t get its accounts out on time. But with a surprise late run GTS Chemical (GTS) now looks clear of the field as they head for the line after announcing plans to delist in August, subject to the forgone conclusion of a vote at its AGM.

NorthWest Investment Group – FY15 numbers from the Filthy 40 Investment company which doesn’t invest

Published 387 days ago

I kid you not: this company has been on the Casino since joining in June 2010 as an investment company with assets of about £3 million and has never invested a cent. Yesterday, ShareProphets AIM-China Filthy Forty company Northwest Investment Group (NWIG) released results for calendar FY15: it still hasn’t invested a cent. But the money is disappearing.

China fraud GTS Chemical to delist and so cancels dividend (obviously). 21 down.

Published 387 days ago

And so the ShareProphets AIM-China Filthy Forty is to be reduced by yet another company to just nineteen as GTS Chemical (GTS) has decided to up sticks in the best interests of its shareholders. For some reason this, apparently, serves as a perfectly valid reason for the company to bin the full year dividend which had previously been earmarked for an increase.

F40 Aquatic Foods FY15 results. You’re ‘avin a giraffe, right? And a message for AIM Regulation.

Published 388 days ago

This morning ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) released its calendar FY15 results. This is a complete farce and AIM Regulation should be ashamed, for that is where the real scandal lies.

Tom Winnifrith Bearcast 29 June: Dedicated to a miracle baby 15 today

Published 388 days ago

Fifteen years ago today my daughter was born weighing just 1lb 4 oz. Jim Mellon still has the photos on the old t1ps server but for some reason his organisation refused to send them back despite repeated requests. Miserable bastrads the lot of them. Anyhow this bearcast is dedicated to that miracle baby, my daughter. On the agenda, the numerous AIM suspensions today, including the FRAUD Environmental Recycling (ENRT) which is now on a double suspension, plus Fitbug (FITB) and a detailed look at CloudTag (CTAG) and the strange nutjobs ramping the shares which are a storming sell.

Provexis - its placing is struggling: it needs to slash the price

Published 388 days ago

On 9 June I revealed that POS AIM stock Provexis (PXS) was trying to get a placing away forcing the company to admit that it had secured "non binding committments " for £160,000 to be raised at 0.24p. Non-binding, as in worthless. Today we get even worse news.

Grand Group – another AIM-China stock suspended!

Published 388 days ago

AIM-China play Grand Group (GIPO) only joined the Casino in January 2015 and consequently missed inclusion in the ShareProphets AIM-China Filthy Forty despite sporting outstanding credentials: Cayman Islands incorporated, ownership of assets through VIE arrangements. Oh and a cash-pile to die for. On listing, investors must have been sorely tempted to grab a grand. This morning the shares were suspended because it can’t get its calendar 2015 accounts out by tomorrow’s deadline. Oops.

Exclusive: Teathers sack-the-board EGM sees resounding win for rebels

Published 389 days ago

And so the rebels have won hands down at the sack-the-board EGM of formerly AIM-listed Teathers Financial (TEA). ShareProphets can exclusively reveal the voting numbers - it wasn't even close.

Rurelec - shares suspended as FY15 results delayed

Published 389 days ago

Well you can't say that you were not warned over and over again. This afternoon AIM-listed Rurelec - which has a few balance sheet issues - announced that its FY15 results will not be released by the end of this month (ie by Thursday this week) and so the shares have been suspended. Apparently they are pencilled in for release in a couple of weeks' time but there has to be a question of whether Rurelec shares will ever trade again.

Tom Winnifrith Bearcast: crack whores like Eden, Golden Saint & Cloudtag as Polly Toynbee spikes Stockmarket

Published 389 days ago

The worst newspaper in the world in the truth and analysis department is the Guardian and its worst columnist is the loathsome haridan Polly Toynbee. Silly Polly has today caused the stockmarket to surge as I explain. I then move onto FastJet (FJET), Teathers Financial (TEA), Tern (TERN) & Nigel's dynamite expose today and an array of AIM crack whores: Servision (SEV), Eden Research (EDEN) and Cloudtag (CTAG). Warning: this podcast contains some very bad language.

Filthy Forty AIM Casino Elimination Stakes – update as the race enters the final stages

Published 389 days ago

I previously highlighted that a good few of the twenty remaining ShareProphets AIM-China Filthy Forty faced a reporting deadline of Thursday this week, 30 June. In honour of Royal Ascot we ran a poll which showed that readers of ShareProphets reckoned on two or three suspensions/delistings to come over the next (now) just under three weeks. The race has now entered the final three furlongs…how are the runners and riders looking?

Cloudbuy – awful FY15 numbers

Published 389 days ago

Shares in AIM-listed Cloudbuy (CBUY) are off by 7% on publication of results for calendar 2015. They make dreadful reading.

Challenge to Robert Price of Highlands Natural Resources

Published 389 days ago

Tom Winnifrith and I have covered Highlands Natural Resources (HNR) in some detail as the list of disgraceful shenanigans gets longer by the day - the latest revelations at the weekend were a killer and anyone holding after reading THIS is now demonstrably insane.

EXCLUSIVE: Shocker from Tern – Flexiant goes bust, but when did Tern know it had lost its money?

Published 389 days ago

For all of yesterday’s ramping over Device Authority (formerly Cryptosoft) a big question mark is being hoisted over AIM-listed investment company Tern plc (TERN) after the arrival of some confidential documents at Deputy Sheriff Towers. It appears that Tern has been somewhat tardy with ‘fessing up to losses on its first investment, Flexiant Corporation Ltd. Oh dear….this looks poor. Very poor indeed.

Craven House Capital: the astonishing RNS’s continue – now raising a further $150m - REALLY!

Published 389 days ago

I have a simple rule when it comes to AIM investing. If I cannot fathom what is happening, then I stay clear and Craven House Capital (CRV), that I have covered a number of times HERE, is a great example as it has issued yet another RNS that leaves me equally astonished and baffled.

Teathers – where did 3 million shares suddenly appear from on the eve of EGM?

Published 389 days ago

I just love Companies House. You can flick through so many companies in just a few moments and last night I came across a share allotment filing for ex-AIM Casino stock Teathers Financial (TEA) which turned up out of the blue only yesterday, and was filed on 25 June 2016 – just two days after Justin Drummond stepped down from the board. It seems that 3.05 million shares were issued on 29 Sept 2015. So why does this smell so badly of anchovy-stuffed rotting kippers?

ValiRx – GM called as shareholders asked to vote again on pre-emption rights

Published 390 days ago

I highlighted yesterday that it seemed to me that the failure of shareholders in AIM-listed cancer-buster ValiRx to pass a special resolution at last week’s AGM to disapply pre-emption rights cast a bit of a shadow over the company’s funding arrangements. In a move straight out of the EU rulebook on democracy, shareholders are to be given the (ahem) opportunity to vote again in the hope of coming up with the right answer this time.

ValiRx – AGM update casts a shadow over company financing

Published 391 days ago

Shareholders in AIM-listed cancer-buster ValiRx (VAL) rejected a disapplication of pre-emption rights special resolution at the AGM held last Monday. The company said a further announcement would follow “in due course” but since then there has been silence. But it seems that there might be a few implications for the financing of the company going forward.

Teathers – Drummond QUITS & speaks exclusively to Tom

Published 391 days ago

Well, well – another twist in the formerly AIM-listed Teathers (TEA) saga has emerged, as a wander through Companies House filings reveals that a certain Mr Jason Drummond quit as a director on 23 June 2016 (last Thursday), ahead of the forthcoming sack-the-board EGM on Tuesday. The question, of course, is why?

POS AIM dog Servision - painting itself into a corner next week

Published 392 days ago

AIM dog with fleas Servision (SEV) waits until the wire to report its calendar results, ie until June 30. That is partly because it is a shoddily run company and partly because it always need a placing to get its accounts signed off without a horrible emphasis of matter statement. No new cash = not a going concern. But this year it looks rather different and the wire day is Thursday. This looks grim.

For those who respond to emails from Nigeria - how do you fancy a 70% dividend on an AIM share?

Published 392 days ago

Do you get emails from Nigerian Generals promising you millions of quid and respond by sending over your bank details? Are you that stupid? If so we have an AIM stock for you where the dividend is 70%. Wow. And it gets better still.

Tern – acquisition at no-one-is-interested o’clock

Published 393 days ago

AIM-listed investment company  Tern plc (TERN) updated the market this morning that its acquisition of some bits of Flexiant Ltd which was all off a few days ago has now completed – in the form of a purchase from the administrators. But a previous investment into the parent has been written off. Ouch.

China Fraud LED International Holdings – FY15 (to June!) numbers but Audit comments suggest they are not worth a candle. Nomad Allenby MUST resign NOW!!

Published 394 days ago

ShareProphets AIM-China Filthy Forty play LED Holdings (LED) has finally got around to releasing its full year results to June of last year. They are audited numbers, but the Red Flags in the audit report are so shocking that surely the Nomad to this company, Allenby, has to resign on the spot. Is it really good enough for an AIM-listed company to produce numbers against which the auditor issues a disclaimer of opinion?

Igas – bondholder Dutch Auction lights up neon warning signs for equity holders

Published 394 days ago

I’ve been a bear of Igas Energy (IGAS) ever since previous CEO Andrew “piggy” Austin’s shady dealings with Equities First Holdings LLC (EFH) when he walked away with millions in cash whilst still being able to claim that his interests in the shares were unchanged by the transaction. It ran rings around the disclosure rules. Ever since he walked (or, more likely, was pushed) it has been clear that he left the company drowning in debt and sitting on a ticking time-bomb. Yesterday came a surprise move, but one which could, perhaps, spell the end of the road for equity holders. Quite why the shares spiked (albeit temporarily) on the news is a mystery.

Filthy Forty Fraud, China New Energy – so much for the institutional placing!

Published 395 days ago

On 9 June 2016 ShareProphets AIM-China Filthy Forty play China New energy (CNEL) announced that it had raised £750,000 from a subscription by funds managed by an institutional fund manager at a price of 2p (a 25% discount to the prevailing price). Ah, so the big boys had invested? Er….

AIM: the Data that shows its a disaster

Published 395 days ago

AIM is now 21 and new, hard, data from Hargreaves Lansdown shows that, whatever the London Stock Exchange says, it has been a disaster. Over that time the AIM Index has fallen by 30%. By contrast - with dividends included - the FTSE Small Cap Index is up by 220%. Ouch.

Joules - Growth but not necessarily value

Published 396 days ago

Premium lifestyle brand Joules (JOUL) is one of the freshest arrivals to the AIM market. Along with Hotel Chocolat (HOTC), Joules has been recognised as one of the higher-quality names to opt for AIM in recent months, and a sign that the junior market is still capable of attracting highly investable companies.

A new Reality TV show at the Greek Hovel: Lots of snakes & AIM CEOs having to do real work

Published 396 days ago

Today I plunged into the wildest parts of the land at the Greek Hovel. In the far corner the olive trees are immersed in frigana, long grass and bushes. If I was a snake that is where I'd live. No question. Tentatively I plunged in to prune but I looked nervously around me every step of the way. There are some areas where the plants are just so dense that I don't dare head in. I will need to call fearless George the Albanian to "assist me" with those. Or maybe I tackle them in December when the snakes are hibernating? Anyhow, as I pruned I thought of all those AIM CEOs sitting at their desks in London, earning vast salaries for shuffling paper around.


China FRAUD AIM Casino Elimination Stakes – Poll Result: two or three more casualties on the way

Published 397 days ago

There are just twenty of the ShareProphets AIM-China Filthy Forty still listed – and three of those are currently suspended from trading. In honour of Royal Ascot we asked readers how many suspensions/Nomad resignations/AIM expulsions we would see from those remaining twenty over the next four weeks. 

SEC - Italian PR comes to AIM

Published 397 days ago

This morning sees one of the more curious notices of intention to float on AIM. SEC SpA, “the largest independent advocacy, public relations and integrated communications agency in the Italian market”, is seeking to raise €4-6 million.

One less AIM CEO with a career in porn - Charles Clark "reshuffles himself" at Rosslyn Data

Published 397 days ago

AIM Dog with fleas Rosslyn Data (RDT) has announced a wholesale reshuffle of its boardroom which saddens me greatly as it now means that there is one less AIM CEO who had a career in porn. Farewell Charles Clark for you will be missed.

Scancell – drug supply problems and a bet with the Sheriff

Published 398 days ago

AIM-listed cancer-buster Scancell (SCLP) announced on Friday that its seven-year-old supply of SCIB-1 vaccine trial doses has had to be withdrawn as the product is no longer within the original specification: it has degraded. The formal trial ended last year, but eight patients elected to continue the treatment which has had to come to an abrupt halt until a new batch is manufactured (about 9-12 months). Bad news, but perhaps not as bad as it might seem.

Lansdowne Oil and Gas – results, bailout package (kicking the can)

Published 400 days ago

Dublin-headquartered and AIM-listed Lansdowne Oil & Gas (LOGP) has seen its shares suspended since it announced an adverse ruling in the Court of Appeal on 13 April which left the company in need of, ahem, clarifying its financial position. This morning we had FY15 numbers which suggest that this was not the only problem, but the good news is that it is not going bust just yet: a bailout package has been put together. 

CDialogues – you were warned. Having announced new contracts unviable, now all current ones terminated!

Published 400 days ago

“CDialogues plc (CDOG) announces that the group has received a notice of termination… in respect of the four contracts from which CDialogues generates all of its current revenues”. Uh-oh…

Reader Poll: Hooray, it’s Royal Ascot! Place your bets for the Filthy Forty AIM Casino Elimination Stakes

Published 400 days ago

ShareProphets is delighted to bring you the Filthy Forty Casino Elimination Stakes in celebration of Royal Ascot - it is time to place your bets! Which of the twenty remaining members of the ShareProphets AIM-China Filthy Forty will be suspended, head over to AIM’s Death Row following a Nomad resignation or be executed over the coming four weeks?

When LGO Energy shares slide to new lows - with a placing looming you know what happens next

Published 402 days ago

The shares hit 0.17p yesterday which for the morons who backed the last bailout placing at 0.2p a few weeks ago will be painful. Or rather it would have been had they not already flipped which they have. But now, having had to accelerate payments to the Froggie bankers, and with output numbers ever more dire a new placing is needed so how to stop the rot...it has worked before..

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

Published 402 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.

OFFICIAL: It is Ouzo O'Clock all day as Piers Linney's pride & joy Outsourcery goes into administration

Published 402 days ago

Dragon's Den flop and serial business failure Piers Linney said that the proudest moment of his business career was listing Outsourcery (OUT) on AIM in 2013 at 110p. Oh dear, the piece of Turkish has today gone into administration. How will the PC tossers at the BBC spin this debacle for their pin up boy Piers? That is their problem, mine is how much ouzo to drink to celebrate this announcement:

Tom Winnifrith Bonus Bearcast: How Spin works but cant polish a turd - UK Oil & Gas Special for David Bick

Published 402 days ago

In this bonus podcast I explain how financial PR men such as David  "Don't come to my manor or I'll ave you" Bick try to polish turds, to spin for AIM listed clients. My case study is UK Oil & Gas (UKOG) and its big news of yesterday. I refer to a lamentable piece of "product placement" by David "the Guv'nor" Bick in City AM HERE. I also explain why UK Oil & Gas did the deal it did and why it's placing ahoy as questions go unanswered.

Exclusive: Former AIM promoter David Lenigas cameo role in Ghostbusters!

Published 402 days ago

Big Dave stepped down from the boards of all AIM listed companies pre Christmas so maybe the guy is bored and has time on his hands? Poor Dave. Our thanks go out to an eagle eyed viewer who has seen how Mr Lenigas is keeping himself occupied. Having conquered the world of blogging he is now getting into acting as you can see 1 minute and 46 seconds into this trailer for the new Ghostbusters movie. Go get 'em Jabba!

Time Out Group – IPO, an absolute rum n’ coke

Published 403 days ago

Time Out (TMO), founded in 1968 as a London culture and entertainment magazine, has listed on AIM at 150p per share, to capitalise the group at £195 million. Founder Tony Elliott sold a controlling share to private equity firm Oakley Capital in November 2010 with the “strategy to transform what was a traditional print brand into a leading digital platform”. Apparently Oakley “invests in and supports the continued growth and development of some of Europe’s leading companies”. Financially, this ain’t one of them…

Shanta Gold – another spoof director share buy

Published 403 days ago

AIM-listed Shanta Gold (SHG) has announced another director share purchase which looks to me to be more of a sell signal than a buy signal. I previously highlighted (HERE) that CEO Toby Bradbury had changed his mind about supporting the recent fundraising by ponying up for 500,000 shares at the offer price of 6.5p – instead completing half of promised purchase in the market at the reduced price of 5.65p. Today we learn that NED Robin Fryer has put his hand in his pocket to the tune of 45,000 shares at 6.2p.

Igas – company update = shareholders set to take a bath. But just how bad is it?

Published 403 days ago

This morning AIM-listed and overindebted Igas Energy (IGAS) released a company update RNS. There was some positive waffle about good progress on its five year shale developments plans, pointing investors to the recent planning permission given to Third Energy for fracking to be employed at a site in Yorkshire. But it is the parlous state of Igas’ finances that this RNS addresses. It looks grim.

Water Intelligence - A Surprisingly Intelligent Investment?

Published 404 days ago

This morning saw annual results released for Water Intelligence Plc (WATR), which owns American Leak Detection, Inc. This primarily US-based business (clue is in the name) uses infrared and other advanced technologies to find and fix water leaks. I’m sceptical of US companies on AIM but will try to approach this with an open mind!

Gold miners like Ariana should benefit from market turmoil

Published 405 days ago

With plenty of turmoil in economies around the world, precious metals look set to show continued strength, particularly when it comes to gold.

China FRAUD? MoneySwap, PCG Entertainment former chairman – a look back in history: the post-match analysis

Published 405 days ago

Kung Min Lin is the former chairman of ShareProphets AIM-China Filthy Forty MoneySwap (SWAP) and PCG Entertainment (PCGE) – having stepped down from both in the last six months or so.  We have been taking a look at the history of Sportswinbet (SWB) which joined the Casino in 2005 – with Kung Min Lin as Exec Director – which went on to become Power Capital Global (PCGB), with Kung Min Lin moving up to the role of Chairman. The history of both is riddled with related party transactions involving his brother, Heng Jui Lin, and his Kolarmy vehicle, and things came to a sorry end last December. Continuing with Cynical Bear’s football theme (it is, after all, the Euros!), it is time for the post-match analysis.

FRAUD EXPOSE: MoneySwap and PCG Entertainment – a look back in history at the former chairman and his brother. All to play for as the second half really gets going….

Published 407 days ago

Mr Kung Min Lin served as Chairman of Filthy 40 MoneySwap (SWAP) and PCG Entertainment (PCGE). But before that he served as Exec Director of AIM investing company Sportswinbet (SWB) from the 2005 IPO, which went on to become Power Capital Global (PCGB) with Mr Lin as Chairman. You can follow the progress of the first incarnation HERE. But we’re back from the break and with what's left of the £3 million raised in 2005 it’s now time for the second half: Mr Kung Min Lin’s brother comes to the fore.

Highlands Natural Resources: Now you are contradicting yourselves - where has the money gone?

Published 407 days ago

The bullshit from this over-ramped jam tomorrow AIM piece of crap continues but with the shares tumbling to 53p on the latest RNS fantasy perhaps the penny is dropping. The problem the rampers have is that they have spouted so much horseshit in a deluge of RNS releases that they are now contradicting themselves. So let's deal with Schlumberger.

ShareSoc thinks AIM can lose the Casino tag but its demands say it all & say nothing

Published 407 days ago

ShareSoc, home to disgraced ramper Roger Lawson of blinkx, Globo and general infamy, reckons that AIM Can lose its Casino tag but needs reform. On the latter point that seems like a statement of the bleeding obvious but what does ShareSoc demand? Honestly you could not make this stuff up.

F40 MoneySwap and PCG Entertainment – a look back in history at the former chairman and his brother. It’s a game of two halves….

Published 408 days ago

Picking up on Cynical Bear’s footballing analogy and having previously wondered whether there might be a skeleton in the cupboard of ShareProphets AIM-China Filthy Forty MoneySwap (SWAP) in the light of last week’s ‘fessing up by fellow Filthy Forty PCG Entertainment (PCGE), further digging reveals a festival of Red Flags. Look no further than the previous stamping ground of MoneySwap and PCG Entertainment (PCGE) former chairman, Mr Kung Min Lin, at Power Capital Global Limited (PCGB), which started life as Sportswinbet (SWB) in 2005. Here are the first half highlights.

Tern – “Acquisition” RNS: er, actually….

Published 408 days ago

This morning AIM-listed investment company Tern (TERN) released an RNS entitled “Acquisition”. In fact the news was that the previously announced acquisition on Flexiant Ltd is all off, at least for now. This raises a few questions.

Filthy 40 China New Energy – placing and rampfest, BARGEPOLE!!

Published 408 days ago

ShareProphets AIM-China Filthy Forty play China New Energy (CNEL) has seen its shares heading higher in the last few sessions on the back of expectations of contract developments in Zambia. It is all still yet to be confirmed, of course, and in any case the mooted deal seems a tad incestuous to me. Oh, and it involves an Investment and Protection Agreement (IPPA) – whatever that may be (but I fancy that an IPPA is a different thing to a contract!) Well blow me down with a feather: this morning we had a placing announced – at a very healthy 25% discount to yesterday’s close.

Advanced Oncotherapy - a joke valuation at 6.625p ( £93 million) - part 1

Published 409 days ago

One is not allowed to be beastly to companies that claim to be tackling cancer since we are all terrified of the big C. In fact cancer overwhelmingly affects old folks and so if ALL cancer was eliminated tomorrow,global life expectancy would increase by just 4 years. If we really want to change the world we'd be tacking the reason why younger folk die in poor countries rather than why older folk shuffle off this mortal coil a few years early in the West. But, heck, who cares about the darkies, let's look after folks closer to home. We are still all scared witless by the big C and if you have cancer or are close to someone who does you have my deepest sympathy. But it is that cloak of "we are doing good" that allows some folk to, if you will excuse the pun, make a killing. I today start a new series on Advanced Oncotherapy (AVO) by looking at boardroom pay.

ValiRx – additional broker appointed, but carelessness remains the order of the day

Published 410 days ago

This morning saw AIM-listed ValiRx (VAL) appoint Beaufort Securities as Joint Broker. This coincided with a quarterly update RNS full of good news and Beaufort included a generous write-up in today’s morning note, with a “speculative buy” rating. All jolly good, but I fear that yet more errors have been made by the company.

William Dewsall you greedy bastard - come clean and be specific on the Gable so called guarantee

Published 410 days ago

On May 25 it was announced that in order to prevent a capital adequacy ( or inadequacy) issue a private company owned by the uber-greedy bastard William "£15 million will do nicely " Dewsall was to offer a £10 million guarantee to ailing AIM dog Gable (GAH). The only issue was - as we revealed here - that the vehicle in question Hogarth Underwriting Agencies - had net assets at June 2014 of £357,981. The reported profit for 2014 was just over £93,000. 2015 accounts were overdue. Problemo?

AIM's equivalent of a crackhead Cyan - shite results - how close is it to insolvency?

Published 411 days ago

When it comes to cash, Cyan (CYAN) is the AIM equivalent of a crackhead. That is to say if shareholders pony up for a placing, the company responds with a marginal increase in sales but a huge increase in losses and then comes back for ever more. FFS cries executive chairman John Cronin in today's results, "give me some more fecking scrabble" I'm almost out. And that brings us to the £12.5 million placing which Mr Cronin was planning to do at 0.21p on May 24th when I spoiled his party with this scoop HERE.

The Bulletin Board Moron of the Week (I am Spartacus) winner

Published 411 days ago

Maybe all the morons are on half term? Or maybe they have all become sane but there were just a handful of entries for last week's contest as you can see HERE. And none of them beat the original posted by Cynical Bear which was:

Gable Holdings – A classic case of ( a £15 million) reward for failure for greedy pig CEO William Dewsall

Published 411 days ago

At the end of 31 December 2014, AIM dog with fleas Gable (GAH) had retained earnings (it has never declared a dividend) of £6,906,000 comprising retained earnings of £5,956,000 and a share based payments reserve of £950,000 over its circa 10 year history.  

Highland Gold offers a good leveraged play on gold prices

Published 411 days ago

Highland Gold (HGM) is well worth a look at the moment with the recent rally in commodity prices expected to extend at least throughout the rest of the year.

Tom Winnifrith Bearcast - where has all the money gone at Teather's Financial?

Published 413 days ago

In today's bearcast I look at Inspirit (INSP) and Teathers Financial (TEA) and the common threads that show why both bring shame on AIM and are uninvestable. I then look at Teathers and ask where has all the money gone and what is it trying to hide? And I explain to two prize twits what a flip flop means. 

The AIM Nightmare board - joining CEO Piers Linney is FD Nilesh Jagatia - check out his CV of doom

Published 413 days ago

Who would you want running the AIM PLC board from hell? Naturally with Outsourcery (OUT) becoming his 39th business failure, or is it 38 I lose track, Dragon's Den flop Piers Linney has to be the CEO. I'd nominate that silly woman from Easyjet (EZJ) as Group Equal Opportunities Officer. The Chairman has to be the patrician twit Gibson Smith formerly at the LSE. The FD...check out the CV of Nilesh Jagatia of Inspirit (INSP) and Teather's (TEA) infamy now on the run!

Table of shorted AIM shares - end May 2016

Published 413 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of May 2016 (by net short position %) - and if the positions have increased (red), reduced (green) or remained unchanged (black) since last month...

Pssst! Ssshhhh!! Don’t mention the Fastjet EGM

Published 413 days ago

ShareProphets likes to bring you the news that companies don’t want you to see. In that vein we bring you yesterday’s RNS from the AIM-listed mile-high croc of **** with no CEO and which is running out of cash otherwise known as Fastjet (FJET) which was entitled Notice of AGM. To make things look really kosher it came out at 3.36pm on a Friday: no-one-is-watching o’clock. Whilst some in the square mile may already have been off lining up the Friday night coke and hookers, we were still watching. Blow me down with a feather, it wasn’t just a notice of AGM.

SeaEnergy – shareholders shafted: it’s a zero, nada, rien, zippo. All the money’s gone

Published 414 days ago

Well you can’t say you were not warned on countless occasions (see HERE), having called this a sell back in September of last year, and naming it as one of my top picks for a zero in the UKI magazine in November. This morning AIM-listed (but not for much longer) SeaEnergy announced that it had gone into administration and that its hapless Nomad WH Ireland had resigned with immediate effect. I’ll bet WHI is really pleased it took on this dog-with-fleas back in November. I hope that readers duly collected their bags of crisps before the shares were suspended pending clarification.

FastForward – clarification over the $1 million. Now what about that £500,000?

Published 414 days ago

Following my piece on Wednesday asking what had happened to a second tranche of investment into Leap Gaming, AIM-listed FastForward Innovations (FFWD) yesterday finally got around to an RNS confirming that it has now all completed. Hot on the heels of Cynical Bear’s Gotcha on Boxhill (BOX) perhaps we should start up a ShareProphets Nomad Services outfit - £30,000 a year retainer per company? That’ll do nicely.

You'd have to be crazy to buy Flying Brands!

Published 415 days ago

For no apparent reason a tiny AIM company called Flying Brands (FBDU) has seen its share price rise by nearly 250% in the past six weeks or so.

FastForward – Uber ramp as new Nomad/Broker signals Placing Ahoy

Published 416 days ago

I have a few questions to add to Tom Winnifrith’s and Cynical Bear’s coverage of the fine outfit that is AIM-listed FastForward Innovations Ltd (FFWD). I’m sure there are perfectly reasonable explanations, but perhaps the company might like to share them – especially with a placing so obviously on the way as the (re-) renewal of what was once the AIM-China play called London Asia Chinese Private Equity Fund (CGOP) continues.

Telford Homes - A Winner in the London Property Squeeze

Published 416 days ago

This morning brings news of continued very high profitability at Telford Homes (TEF), the AIM-listed developer of London properties.

The power of greed - insolvent Mkango raises more than £1 million, Chris Oil buys more - bargepole!

Published 416 days ago

Brokerman Dan has sent me an email saying he hears I am ramping Mkango Resources as I have taken shares. For the avoidance of doubt I'd rather suck Daniel's cock than get shares in this insolvent piece of crap. Actually I would not but you get my general view. Nine days ago I told you to "avoid this like the plague". If that is ramping I am a banana. I can only conclude that Mr Levi is, for some reason, hearing voices.

It’s the way you tell ‘em! ISDX China-play Miloc FY15 results

Published 416 days ago

The ShareProphets AIM-China Filthy Forty has seen some tragedies worthy of Shakespeare – see PCG Entertainment yesterday, for example. So now it is time for the light relief, and in that vein we bring you, courtesy of a cracking spot by our very good friend Graham Chester, FY15 results from ISDX-listed Miloc Group Limited (ML.P). It is pure comedy….

Filthy 40 MoneySwap – loan drawdown and a nasty read-across from PCG Entertainment which needs a full Steward’s

Published 417 days ago

Oh dear, oh dear. I have the utmost respect for Richard Poulden who had the grim task of overseeing today’s awful trading update from AIM-China play PCG Entertainment (PCGE) and like Tom Winnifrith I had hoped that his outfit might prove to be a rare winner on the Filthy Forty. My experience of him has been one of immense integrity a very sharp mind so it is with considerable sadness that I am writing this. But a bit more digging later, it looks just awful – although, I must stress, not on Mr Poulden - and there is a worrying implication on fellow Filthy Forty play MoneySwap which is already is considerable trouble. Sadly, I fear that AIM Regulation needs to do a full steward’s here.

Teathers - Nomad quits, cant get accounts out on time - Directors must be fired at GM

Published 417 days ago

Shares in Teathers Financial (TEA) were set to be booted off the AIM Casino as of Monday for failing to implement its investment policy. The crowd thought it was all over...it is now! With a spectacular hat-trick of own goals Jason "Geoff Hurst in reverse" Drummond has handed victory to his, many, critics.

Filthy 40 Univision – profit warning

Published 417 days ago

Shares in ShareProphets AIM-China Filthy Forty play Univision Engineering (UVEL) are currently trading 17% lower after the company announced a profit warning in relation to the poor trading performance of its 52%-owned Taiwanese subsidiary T-Com Technology Co. Ltd. This is not the only issue facing the company, however.

AfriAg – annual report shows what a spoof Lenigas director buying was

Published 417 days ago

Delisted from AIM and so now only listed on the ISDX lobster-pot AfriAg (AFRI) published its FY15 Annual Report the other day. You can read it HERE. There remain plenty of unanswered questions (see HERE) but on one point the Annual Report reveals an extraordinary cynicism in the boardroom as it was before former Exec Chairman David Lenigas departed the scene.

PCG Entertainment - shocking trading statement, just shocking

Published 417 days ago

With a heavy heart, since good friends are involved in PCG Entertainment (PCGE) those of us who had hoped that it was the China AIM play that would work out well, today look in dismay at a share price cratering and a trading statement that is just shocking beyond belief. This was meant to be the good China play..what does that say about the rest?

Igas – new Nomad and Broker appointed: bail-out imminent?

Published 417 days ago

Shares in AIM-listed and over-indebted Igas Energy (IGAS)  had a good week last week, rising by about a third in value before slipping back again. But its balance sheet problems (well documented on ShareProphets, see HERE) continue to mount and this morning it was announced that Investec has been appointed Nomad and joint Broker, replacing the previous incumbent Jefferies International. Whilst one might wonder if Jefferies jumped or was pushed, the bigger question is when the bail-out re-financing will come and how big the shafting for existing shareholders will be.

Tern – acquisition of Flexiant: a marriage made in heaven, or one of convenience?

Published 418 days ago

On Thursday of last week AIM-listed investment company Tern (TERN) announced the acquisition of Flexiant Limited. It looks a bit of a complex deal, but the question in my mind is what Tern has actually bought? And since Tern already has a holding in the parent company of Flexiant, how does it leave that looking?

Highlands Natural Resources begs to be shorted

Published 419 days ago

Every once in a while a share price goes ballistic for no discernable reason other than retail investors firmly grasping the wrong end of the stick. Invariably reality soon sets in, and although timing is a bit hit and miss, shorting such situations almost always pays off.

Tom Winnifrith Bearcast - Sam Antar accounting lessons, for me, Rob Terry & Lombard

Published 420 days ago

Recording in Kalamata, I have one last day in sunny Greece before I head back to the UK for five days of family time. Boo hiss.  I start with another reminder of how thick some AIM folk are - London Capital (LCG). Then I look at the different way that private and public businesses account for profits running through how Sam Antar cooked the books at Crazy Eddie's. That makes me reflect on accruals causing me to examing the balance sheet of Lombard Risk (LRM) as Phil "InterX" Crawford drives it onto the rocks and also how Robert Simon Terry accounted for industrial deafness, something that will send him to gaol.

Tom Winnifrith Bearcast- Some folks trading AIM stocks are so fecking stupid: I don't believe it

Published 421 days ago

I was pruning my first olive tree of the day and heard a noise behind me. Fearing the worst I turned and it was a tortoise which just sat there blinking at me. It was a special moment. That tortoise is smarter than idiots buying Circle Oil (COP) shares today. FFS how thick some folks are. Then I move onto Nature Group (NGR), Boxhill (BOX), Blenheim Natural Resources (BNR), Gable (GAH) and Wishbone (WSBN). Then a section on a PR man telling me what I should or should not be writing about Watchstone (WTG) The fecking cheeky bastard should stick to being an evil spinmeister and leave journalism to the professionals. Maybe PRs dont want us writing about an admission of £100 million fraud on AIM and would rather we just eprinted their lies/press releases? It is just not the way I work!

The Predictive Powers of David Williams of Avanti infamy, or how he buries bad business

Published 421 days ago

Avanti Communications (AVN) started its AIM career not as a satellites business but as a provider of screens for pubs and shops, the loss making tin cans in space business came later. At that point uber bombast CEO David Williams decided to "lose" the original business via a demerger. Shareholders in Avanti were given stock in both entitites. Now track what happens next.

Shanta Gold - Director buy SPOOF!!

Published 422 days ago

As much as it pains me to highlight this, as I hold a (very) small handful of shares here, I note with interest an announcement at 4.17pm yesterday afternoon (almost no-one-is-watching o'clock) from AIM-listed Shanta Gold (SHG) which simply strikes me as a spoof. It is a director buy, but I fear that it is a sell signal. Here is why.

Exclusive: Teathers Financial tries to bully its own shareholders - they stand firm: the board will be sacked!

Published 424 days ago

I have obtained emails that show clearly how the board of Teather's Financial (TEA) have tried to bully dissident shareholders into not ousting the directors who are culpable as it gets slung off the AIM. The bullying has not worked. The board will be sacked.

Filthy Forty – news from the Norfolk Province of AIM as reporting deadline looms

Published 424 days ago

The ShareProphets AIM-China Filthy Forty is already down to just 20 AIM-listed companies, with a further three currently suspended. The calendar FY2015 reporting deadline is now looming (30 June), which last year saw a splurge of suspensions and Nomad resignations as companies either failed to report or their advisers decided enough was enough. But we’ve had a good few RNSs in the last few days, so it is time for a rancid round-up!

Live Like a Student Prince With One of this Firm's Clean Modern Flats.

Published 424 days ago

Hello Share Mashers. Let’s talk about a venerable company called Watkin Jones (WJG). It goes back to the 1700’s when it was a joinery firm. Now it’s big in the lucrative student accommodation game. Having had three children who’ve been through the nightmare of finding a decent place to live while they study, I am all for firms who put the whole thing on a professional footing. There are too many private landlords out there who are anxious to take students’ money without looking after their properties very well

Good News for Chris Oil, bad news for the AIM casino, POS Mkango is on its way

Published 425 days ago

It appears that almost insolvent TSX listed Mkango Resources might finally be about to get the dual listing it told us, via RNS, would be in December and then January. I guess there is an appetite for utter shit but look at the price Mkango is paying...
As you can see from the screenshot below the company has been a little tardy in updating its website. Given that its bosses have been unable to afford to take any pay since March 2015 maybe that is no shock.

ISDX Carduus and Etaireia, F40 Eastbridge, Miami publication OffshoreAlert and a call of FRAUD: Part 1

Published 425 days ago

Cynical Bear’s piece last week, covering strange events at Carduus Housing, whose bonds were trading on ISDX (ticker: CHPB) had my ears pricking up at the mention of ISDX-listed Etaireia Investments (ETIP) – covered last July (see Who’s been telling Porkies?). At the same time it is hat-tip to a reader for spotting that Miami-based publication OffshoreAlert had called Etaireia as an out-and-out fraud well before I got my grubby mitts on the story.

Daniel Stewart mortgages itself again. How’s that 10p a share price target doing, Rob Terry?

Published 426 days ago

A curious filing has appeared at Companies House with regard to our dear friends at Daniel Stewart (DAN), the formerly AIM-listed company which used to be a Nomad, used to have a Nomad and which is still a Broker. Back in January a debenture in favour of the mysterious Asian outfit Epsilon appeared at Companies House: it seems that the parent company had entered into an arrangement with its largest shareholder in return for a charge over all its assets, as was covered at the time by Tom Winnifrith. Now we appear to have one covering all the assets of the only operating subsidiary.

Notes from Underground: Yes we Khan

Published 426 days ago

Last week I promised you a love letter to new London mayor Sadiq Khan. Actually, I don't have much to say about him other than if he drives Tom so mad, he must have some redeeming qualities. TW Note, I said I was glad Khan won, check your facts beardie,

ShareProphets China AIM 'Filthy Forty' update – half our index now not 'Geong, Geong', but Gone…

Published 427 days ago

A couple of months on since our last update and more ShareProphets China AIM 'Filthy Forty' companies have followed Geong International and co in 'Geong, Geong' and then gone...

Is newly Casino-listed SDX Energy already a Bargepole?

Published 428 days ago

This morning it was announced that SDX Energy Inc (SDX) had joined the AIM Casino, to add to its TSX-V listing in Canada. Welcome to the mad-house. But reading through the admission and first day of dealings RNS a few things jump out at me. I wonder if it is already one to be avoided like the plague.

Buy Jim Mellon's Port Erin?

Published 428 days ago

Tom Winnifrith recently suggested that Port Erin Biopharma (PEBI) has gone limp because of pessimism about Plethora's premature ejaculation treatment. Cynical Bear says be suspicious of sub-scale investment companies on AIM, full of related party transactions and corporate overheads. So… obviously the moronic thing to do is pile in, right? But still, I am long Port Erin, at least when the price is right (sub 4p). Here’s why.

Applegreen - Ripening Apple

Published 428 days ago

Dublin-based petrol filling station group Applegreen (APGN) held its AGM this morning and updated the market with respect to trading so far this year. This high-growth business looks like it has the potential to become a genuine AIM success story, having listed less than a year ago. Many IPOs have turned sour recently, but Applegreen isn’t one of them.

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

Published 428 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.

ValiRx – another CUL drawdown/conversion, but arghhh the numbers don’t add up

Published 429 days ago

After-hours (natch) yesterday AIM-listed biotech ValiRx (VAL) released an RNS announcing the drawdown of the second £500,000 tranche (of up to eight) of its convertible death spiral funding package with Bracknor. We were also told that half of it had already been converted, with reference made to the terms set out in an RNS of 21 March 2016. But the numbers simply don’t add up – oh, and the company had now admitted that associated warrants will have to be approved by shareholders.

Inspirit Energy - news from the boiler room - yet another placing, next one soon

Published 431 days ago

There has been a real attempt to ramp Inspirit Energfy (INSP) on a six month timeframe ahead of today's placing. There were tweets from my fave Monaco based Colonial with whom I have a summer truce and whom I thus shall not mention, the utterly meaningless share purchases (spoofed ya!) by John Gunn and a series of soft paid for interviews with Sith Lord Zak "Judas" Mir and others when Mr Gunn said there was no need for a placing. So today there was a placing.

Seaenergy – SUNK!

Published 431 days ago

This has been a long time coming, but surely now it is clear that AIM-listed SeaEnergy (SEA) is toast. This morning came an RNS which spills the beans, although the company STILL failed to spell out the grim truth to its lobster-potted shareholders.

Johnny Hon buys 5% stake in MX oil - next step boardroom change?

Published 432 days ago

Hong Kong based businessman Johnny Hon is a controversial chap. My interview with him at UK Investor covered the Gate Ventures AIM fiasco - as you can see HERE - but if he wants to build up a stake in a business he can buy a material stake - as we lucky shareholders have seen with R4E (R4E) - and now it appears that he has turned his attention to the MX Oil (MXO) pantomime.

Video: Tom Winnifrith grills Johnny Hon at UK Investor Show

Published 432 days ago

In this interview I put controversial Mr Hon of Gate Ventures (GATE) fame on the spot about the Gate fiasco on AIM, the Chinese economy ( a bubble?) and about China fraud on AIM. Enjoy

Video: Tom Winnifrith on why David Lenigas should be drummed off AIM from UK Investor show

Published 432 days ago

This was recorded before the summer truce and so that really is it from me on Big Dave. He can site on his luxury yacht checking out the birds in Monaco, I shall sit in my Greek Hovel, clocking the snakes and rats and not having to meet another human all day. I think we can safely say that neither of us would want to swap! I hope we both have a relaxing and stress free summer. Anyhow here's the video from the show. Enjoy.

Notes from Underground: Four Strong Winds

Published 433 days ago

In a more perfect world you would be looking at a picture of yours truly gladhanding the governor of the Bank Of England, Euro loon Mark Carney, in this space.

e-Therapeutics - more on that transaction to re-buy Searchbolt: were the rotting kippers stuffed with rotting pickled anchovies?

Published 433 days ago

Tom Winnifrith has already stuck the knife into e-Therapeutics (ETX) over its related party deal to re-buy Searchbolt – a company it had previously spun off as non-core (see HERE). Noting the lack of recent accounts, following an extension of its accounting period, there have been no numbers since the period ending July 2014 – figures which were filed very late (14 months post period), and which showed net current assets of MINUS £12,615 and net assets of MINUS £166,078 and £831,528 of losses had been racked up over about seven years (with about £45,000 during the year to July 2014).

LGO Energy and Commerzbank TR-1s – surely shome mishtake?

Published 433 days ago

I’m a bit confused: how can you sell down your holding and at the same time increase your % interest all at the same time? Well, I guess that’s pretty complicated stuff and best left to the professionals.

Andalas Energy - Disgusting Greed, Cornhill, gaps in the AIM document & cash crisis looming

Published 434 days ago

I suspect that few of those idiotic enough to take part in the 0.2p £2.6 million placing by Andalas Energy (ADL) will have bothered to read as far as page 113 of the AIM readmission document. Prepare to be horrified.

GW Pharmaceuticals. A Drug Fueled Valuation at £1.2 billion

Published 434 days ago

A glance at the chart of GW Pharmaceuticals (GWP), the developer of Cannabis based cures for a variety of diseases, since its appearance on AIM some fifteen years ago perfectly demonstrates the fact that when it comes to ramping and promoting drug companies the health obsessed Americans have no equal.

Crikey Creighton! You Carry On Collecting Cash.

Published 434 days ago

Hello Share Trundlers. Some of my colleagues on this wondrous website may not agree with me, but I think a full listing on the stock exchange is worth more, for peace of mind, than the hit and miss world of AIM. I am especially encouraged if the fully listed firm is a true minnow. And I give today for your further research, Creightons (CRL).

England Cricketer Phil Edmonds, Andrew Groves, African Potash and an explosive dossier on AIM fraud

Published 435 days ago

African Potash (AFPO) was one of seven companies listed on the AIM casino by former England cricketer Phil Edmonds and his business partner Andrew Groves. My attention has been drawn to a recently published dossier on the two men which can only be described as utterly explosive. On the basis of what is in this dossier any company associated with the two looks to be, pro tem, 100% uninvestable.

Hotel Chocolate: a house of cards?

Published 437 days ago

AIM-listed Hotel Chocolat (HOTC) only listed yesterday morning and already I've had an email from a reader pointing to a few problems in the Admission Document. Issues such as conflicting dates, whether a liability is current or not (for the same period, and signed off by the same auditor) and so on. Oh, and there there is the small matter of an aquisition just a couple of weeks ahead of the IPO - with directors noted as being substantial shareholders. I'm sure there are perfectly rational explanations for what follows, but for the avoidance of doubt and in the light of what follows I wouldn't touch this stock with a bargepole. Bearing in mind the cost of the admission paperwork, the sloppiness (if that is what it is) is shocking. Over to our reader....

Video Adam Reynolds with Tom Winnifrith at UK Investor Show

Published 437 days ago

In this session Adam Reynolds and I discussed how to value shells and when to invest, issues of management, AIM investment companies and of course Optibiotix (OPTI), New World Oil & Gas (NEW), Frontier (FRI), and Premaitha (NIPT). Enjoy.

Filthy Forty – MoneySwap enters the last chance saloon

Published 438 days ago

Yesterday we had a funding update from cash-strapped ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP). It seems that there are negotiations going on, with hopes that a funding deal worth $4.5 million (call that £3.125 million) can be closed. Meanwhile we are told that some keep-the-lights-on short term funding has been arranged. 

Hooray – ValiRx corrects Companies House filings. Good: now, about that Bracknor death spiral….

Published 439 days ago

AIM-listed ValiRx (VAL) operates in the biotech space, developing cancer drugs. I’ve been pretty beastly in previous pieces (see HERE) but I am pleased to note that the company has seen fit to address the questions asked over Companies House filings. As pointed out HERE they were indeed wrong and they have now been corrected. Good news. My hope is that the questions over the Bracknor funding deal will now be addressed.

Filthy 40 Jiasen – the silence is deafening.

Published 440 days ago

Marcus Stuttard, the Sham Sheriff and head of AIM told The Times a week ago that he thought he had got the regulatory framework of AIM absolutely right and that people wouldn’t invest if they felt there was any kind of problem with the regulation... So I thought it was time to take another look at Jiasen (JSI) of the ShareProphets AIM-China Filthy Forty. After all, the derisory rating suggests the market is less than happy with this stock and its results for FY14 were released in mid-April last year: we are now well into May 2016 and thus far there is no sign of FY15 numbers. I wonder why….

Filthy 40 Walcom FY15 numbers: Red Flags abound - but who for, Mr Stuttard?

Published 442 days ago

Despite being part of the ShareProphets AIM-China Filthy Forty, Walcom (WALG) has rather slipped under the radar. Our apologies for this oversight are due. Yesterday the company released FY15 results. I have no idea what the company does, but the numbers presented seem to raise rather a lot of Red Flags. But are they fluttering for the company or for the Sham Sheriff and head of the oxymorons at AIM Regulation, Mr Marcus Stuttard?

Proxama – on the buses, but is it placing ahoy?

Published 443 days ago

AIM-listed Proxama (PROX) yesterday released an RNS Reach which described the launch of advertising campaigns on London buses. It all sounds terribly high-tech and exciting: it involves 500 buses using the company’s beacon technology and there is plenty of stuff about high click-through rates, a potential market of 2.3 billion passenger journeys a year to go for and how consumer targeting will mean adverts of quality and relevance. But…..

Andalas - Damned by its own words - when's the next placing? A disgrace to AIM

Published 443 days ago

How many of the poltroons buying Andalas (ADL) shares at c 0.3p have actually read its AIM readmission document? Indeed I wonder, since only the congenitally moronic would be buying this stock, can they actually read at all? Maybe a grown up can help for the document is a shocker..

Tree hugging Eco Loons, muddle headed NGOs & other losers slam United Cacao but are they lying?

Published 443 days ago

An assortment of sixty indigenous organisations and Guardian reader-infested eco-loon NGO groups have slammed AIM listed United Cacao (CHOC) demanding that it be slung off the AIM Casino. Cacao has put these parasitical lefty scumbags firmly in their place with a statement this morning pointing out that the lefty scum are, simply, lying. I am delighted to be a shareholder in Cacao (post Saturday) - I don't care where its shares go I want to stand shoulder to shoulder in the fight against Trustafarian tossers working for NGOs to make people in poor countries even poorer.

Video: Gary Ashworth of Interquest presents at UK Investor Show

Published 443 days ago

Gary Ashworth is the founder and Chairman of Interquest (ITQ). Gary has a great track record on AIM and I regard shares in his company as being cheap. I hope that his presentation at UK Investor Show demonstrates why. Enjoy.

Terpenetech Accounts in - another sign of the clear Panama Pump fraud at Eden Research

Published 444 days ago

Hat tip to Drunken sailor for spotting that joke company Terpenetech Ltd which has been used to facilitate fraud at AIM listed Eden Research since 2011 has filed its accounts. For what it is worth they again point to the monumental £600,000 fraud of August 2015.

Marcus Stuttard, head of AIM: look in the mirror, old boy, look in the mirror.

Published 445 days ago

Last week’s AGM held by the London Stock Exchange Group (LSE) saw some biting criticism of AIM from our very own Tom Winnifrith and also from Mark Bentley of ShareSoc. What better way to counter the barrage than for the  Sham Sheriff, Mr Marcus Stuttard, to get a soft interview in The Times (see HERE)? But in the article Mr Stuttard reveals that he simply has no idea at  all. Unless, of course, there is a completely different AIM market on Planet Zarg…..

BREAKING: The Uramin Scandal - another shocker for AIM, damning Canadian Report & arrests in France

Published 446 days ago

The sale of AIM & TSX listed Uramin to France's Areva is shaping up to be the biggest scandal in the world of mining since Bre-X. It has almost brought down Areva and in France the husband of the head of Areva has already had his collar felt within the past few weeks for insider dealing and money laundering. Our source at the heart of the investigation indicate other arrests are imminent. And the scandal is also threatening to bounce back to the AIM casino.

Obtala Resources - Forestry Update & New Chairman Meeting: Buy

Published 446 days ago

First up, just a note that Obtala Resources (OBT) has confirmed that it has received the cash for selling a small part of its forestry portfolio. That is to say $900,000 is now in the kitty,a third of it two months ahead of schedule. That an AIM Company has to announce that money has arrived as per contract tells us everything you need to know about the state of AIM. Anyhow it is good news.

MySquar - placing ahoy?

Published 446 days ago

Myanmar based internet company MySquar (MYSQ) joined AIM last July at 10p per share. The shares are now 7.5p bid but following the appointment of joint brokers on 4 April, a reliable source tells us that it is placing ahoy! The price?

London Stock Exchange Still in Denial on AIM

Published 448 days ago

I couldn’t make the London Stock Exchange (LSE) AGM on Wednesday but by all accounts it was more amenable than last year’s disgraceful affair at which bona fide shareholders were frisked and refused entry by boot faced, thuggish bouncers, but I am disappointed that the board still seems blissfully unaware of the reputational damage being inflicted on the LSE by the dysfunctional AIM Market.

Teathers Financial - piss poor update, apologies but this looks grim

Published 450 days ago

Tom Note: This article appeared under the HotStockRockets name but I wrote it and would not want anyone thinking this was not my view.  Off we go...Shares in Teathers Financial (TEA) remain suspended and will be booted off AIM on 4 June if no RTO takes place or if it cannot convince AIM that it has implemented its investing policy ( which it won't). It looks grim. The latest update states:

And the POS AIM Company that sent a fascist "you are being watched" lawyers letter re UK Investor is..

Published 451 days ago

In yesterday's reader poll we asked you which AIM listed company you thought had sent us a lawyers letter regarding the UK INvestor Show. We print the letter below but 79% of you guessed wrong!

SeaEnergy – Another KILL as undertakers called to measure up, shares suspended pending clarification.

Published 451 days ago

Well surprise, surprise. AIM-listed POS SeaEnergy SEA), whose directors had a bit of  penchant for posh awards dinners, has had its shares suspended pending clarification. In short, it is toast. I’ll bet the Nomad – the fine and mighty house of WH Ireland - is delighted that it took this client on as recently as November – a great effort there by the due diligence team. You can’t say were not warned: the shares were being called as a sell on this website back in September last year. Anyone still holding has grim news to digest.

London Stock Exchange AGM Wednesday - 89% of you think LSE will stop Tom Winnifrith from asking questions

Published 452 days ago

I shall endeavour, as the owner of two shares, to gain admittance to the AGM of the London Stock Exchange tomorrow morning. Im coming up from Bristol so may be a few minutes late but I trust that Lucian will be there for the 10 AM kick off at the Banksters Hall but it seems that only 11% of you reckon that the crony capitalists will take my questions on AIM fraud. We asked how the LSE would treat me - having barred my last year as its press office lied: You said:

Red Flags at Night: F40 MoneySwap – signs of a cash crisis?

Published 452 days ago

ShareProphets AIM-China Filthy Forty member MoneySwap (SWAP) issued an after-hours RNS last night which looks to suggest that the cash is fast running out. As one of my seven stocks to get suspended where shareholders could lose 100% from last November, might it be that kill number three (and F40 kill number 21) is not far off?

You want one gold stock to buy but what? Ten experts say it should be...

Published 453 days ago

Gold seems to be in an uptrend so maybe it is time to get a bit of exposure to the gold sector once more? But how? We adsked ten writers connected to this site and/or speaking at UK Investor show on Saturday if they had to bet the ranch on one stock what would it be?

Ouzo O'Clock already: Dragon's Den flop Piers Linney admits Outsourcery is almost toast!

Published 453 days ago

Well you cannot say that you were not warned! I have exposed time and time again on this website how the business career of one series Dragons Den flop Piers Linney has been marked by serial failure. The loathsome self-publicist Linney said floating Outsourcery on AIM at 110p in May 2013 was the highlight of his career. Today Linney has admitted that his company is almost toast. What fucking brilliant news.

Bushveld Minerals – suspension, proposed RTO, questions

Published 453 days ago

Having spotted the appointment of another joint Broker to AIM-listed Bushveld Minerals (BMN) on 8 April – see HERE – I had wondered if it was placing ahoy. Last Thursday saw the suspension of the shares announced by AIM at lunch-time, pending an announcement, although it took until after-hours on Friday for the company to bother to comment.

Tory Minister John Whittingdale, the porn star, the hooker and now the bung, is it from disgraced businessman Sean Nutley of Silverdell infamy?

Published 454 days ago

I really do not care who media minister John Whittingdale is shagging. He seems to have a way with the ladies, he is single and his latest hook up, the ex porn star, looks pretty fit. I am not sure about the hooker with a specialisation in S&M but it probably brought Mr Whittingdale back some happy memories of boarding school. Ooooh matron...what should I do about press regulation? Thwack. What is perhaps of more interest to me is the list of those making donations to Mr Whittingdale as disclosed in the register of members interests.

Fraudster Rob Terry of Quindell infamy slams AIM as not being well regulated - insists he must be quite honest

Published 454 days ago

Rob Terry's interview with the Sunday Telegraph today really is a laugh a minute. Having noted how he things S&G got a bargain buying Quenron assets - a deal that has pushed it to the brink of insolvency, Terry then moves onto the AIM market. Rob is concerned about its standards of regulation. Fuck me this is ridiculous.

Wondering where the cash Costis stole from Globo went? Gavin Burnell might know a thing or two

Published 456 days ago

In case the rozzers want to know where Costis, Konstantinos Papadimitrakopoulos, hid the cash he liberated from the fraud Globo (GBO) both directly and via share sales in the days running up to its collapse, perhaps they should ask disgraced Globo NED and the man who listed it on AIM Gavin Burnell. For it seems that Gavin had dealings with the criminal bubble outside of Globo.

African Potash, No No No you are lying bastards

Published 456 days ago

I do not use the world liar lightly but today's statement from African Potash (AFPO) shows that the company are lying bastards and anyone holding the shares is quite simply delusional. How has the Nomad signed off on blatant lies? Why has it not quit? Is it acceptable to tell outright lies on AIM these days?

Want to join Tom Winnifrith & Lucian Miers as we storm London Stock Exchange AGM 27 April?

Published 457 days ago

The complacent and overpaid useless bastards who run the London Stock Exchange (LSE) hold an AGM at the Bankers Hall on Cornhill in the City at 10 AM on 27 April. I shall be there with a share certificate and passport and so cannot be denied access. Last year the press office lied to me and blocked my entry.

Petroneft – negotiations at gunpoint?

Published 458 days ago

So the sack-the-board EGM (the sequel) was adjourned at AIM- and Dublin ESM-listed Petroneft (PTR) when it was announced that the company was pleased to announce that it was in advanced discussion with (almost) 30% shareholder and EGM requisitioner Natlata over and agreement on Board and management composition. I hope that not many shareholders bothered to make the trip to Dublin for that, given that it only announced at 2pm on Monday – the day of the 11am EGM.

Galasys – courting disaster or just a farce?

Published 458 days ago

We have been covering AIM-listed, but not (quite) AIM-China Galasys (GLS) through the who-is –in-charge battle since last October. There have been court proceedings in the UK, Jersey and Malaysia and here we are in April 2016 with still no resolution. Yesterday morning the company issued an update: Jersey proceedings were suspended as a kiss-and-make-up negotiation was underway, and in Malaysia a ruling went for the company and its directors (one of them former) but seems to have been appealed.

ValirX – another loan conversion and clarification over warrants: clear as mud.

Published 459 days ago

After-hours last night (5pm) AIM-listed ValirX (VAL) announced a second batch of loan conversions under its £4 million (except it is up to £8.6 million) funding deal with Bracknor. It was at just 7.4p so it is no great surprise that the shares are down at 8.625p mid (last seen) having closed last night at 9.25p. But then there are those warrants….does anyone have the slightest Scooby of what’s going on there from last night’s announcement? 

Premaitha – does the company need to sack its PR too?

Published 460 days ago

This is an utter shambles from AIM-listed Premaitha (NIPT). If you are going to go to the trouble and (shareholders’) expense of putting out an RNS to highlight some paid-for ramping research by Hardman, at least get the bloody RNS right! Tom Winnifrith has already had a furious rant that the company’s Broker, finnCap, should be sacked. Is the same true of the PR genii behind today’s abject efforts?

UK Oil & Gas and Horse Hill - the most ludicrous pre-placing ramp in the history of AIM exposed

Published 460 days ago

There are two statements from UK Oil & Gas (UKOG) today. One is a hard financial transaction which demonstrates clearly that UK Oil & Gas shares are horrendously overvalued and the other is the most ludicrous attaempt at share ramping in the history of AIM. Defenders of Steve Sanderson, UKOG's CEO, say that he is trying to distance himself from the Aussie share ramper David Lenigas. Frankly even Dave would have struggled to sign off on today's ramping. It is cringe-making and it is noticeable that although it relates to a Horse Hill study, no other Horse Shite company has dared publish these ridiculous claims.

Petroneft sack-the-board EGM – the plot takes a new twist

Published 460 days ago

The supplies of pop-corn are topped up and just as well, for today AIM- and Dublin ESM-listed Petroneft (PTR) has announced that now a second sack-the-board EGM requisition has been received - just two and a half hours before the first of those meetings (today at 11.00am). But it gets more bizarre….

Nyota - share price as insane as board are useless, the panto continues

Published 460 days ago

Noyota Minerals (NYO) says that it expects by the end of this week to have paperwork in place to call an EGM in 28 days time to change the board. Of course it does not need to go through an EGM the board could just do the decent thing and quit and fuck off as it is clear that no shareholders have any faith in the current team who have been overpaid abject failures. 

Tom Winnifrith Bearcast: The bank robber is spot on re Andalas ramp and Project Fear Brexit lies on fuel prices

Published 461 days ago

Dave Whitby of Anadalas (ADL), what was once uber ramp CEB, should be in prison for his crimes against AIM. I have linked at the side of ShareProphets to an article by someone who was in prison once, Brokerman Dan, on Andalas and the old bank robber is bang on the money. In five days this company could be booted off AIM. It wont, I think, but will survive only by doing things that stink to high heaven. I also discuss today's Project Fear lie, this time on fuel prices

Revisited: Seven Stocks to get suspended where shareholders could lose 100%

Published 461 days ago

For the November issue of the UK Investor magazine (latest issue HERE) I was asked to name seven stocks which could get suspended and where shareholders could lose everything. I thought I’d take a look back over the seven: Jiasen (JSI), JQW (JQW), Auhua (ACE), MoneySwap (SWAP), Rurelec (RUR), Golden Saint (GSR) - all on AIM - and main market listed Kenmare (KMR).

Tom Winnifrith Bearcast 16 April - The lessons for AIM of Phorm & George Osborne lies about mortgage rates for Project Fear

Published 462 days ago

Im not feeling terribly well so this may be the only bearcast of the weekend. We shall see. However I look at the Phorm debacle on AIM which saw £201 million sent to money heaven. I name the guilty men and look at the lessons learned (or ignored if you are AIM Regulation). Then I show why George Osborne is lying about mortgage rates under Brexit as he wages war for Project Fear.

AIM-China Red Flags at Night: Grand Group boardroom departures

Published 463 days ago

Hmmm, a Chinese company domiciled in the Cayman Islands lists on the Casino and less than sixteen months on there appears to be a bit of a procession going on, with two directors walking the plank with immediate effect in consecutive days. Sound familiar? 

CloudTag – Oops!

Published 464 days ago

With apologies for missing this on Tuesday afternoon, I see that AIM-listed CloudTag (CTAG) has issued a rather embarrassing correction to its Monday RNS which announced a fundraising of £171,430 apparently issuing 5,357,143 shares to a new investor….at a price of 3.2 pence per share, representing a premium of 12.3 per cent. Over the mid-market closing price of 2.85 pence per share on 8 April 2016 (the previous Friday).

Red Flags at Night: Rurelec trading/funding update - ShareProphets RNS Translation Serice

Published 464 days ago

We have known that the Peter Earl AIM-listed train-wreck Rurelec (RUR) has been in some financial difficulty for some time. Mr Earl departed the scene last June, but the fire-fighting for the new board has been on-going ever since. Last night at no-one-is-watching o’clock (4.55pm) the company gave an update on its funding arrangements and trading in what must be a classic case-study for all MBA students on how to deliver bad news. Over to the ShareProphets RNS Translation service for the low-down on last night’s announcement…..

Rose Petroleum is avin a bubble - joke company, joke statement

Published 465 days ago

Every piece of Turkish has its day and shares in dog with fleas Rose Petroleum (ROSE) jumped yesterday prompting a statement from the company that is truly laughable.

SeaEnergy – grim read across from appeal judgement vs Lansdowne/Providence

Published 465 days ago

Oh dear, things have just got a whole lot worse for AIM-listed SeaEnergy (SEA) as fellow AIM company Lansdowne Oil and Gas (LOGP) – in which SeaEnergy has an 18.67% interest - has just announced that its shares are suspended pending financial clarification.

Poor Phorm - surely it is bust by now: time for a statement

Published 465 days ago

The last we heard from joke POS company Phorm (PHRM) was on 16 March when some schmucko loaned it $500,000 in 12% coupon convertible loan notes. Mr Schmucko had more money than sense on 16 March. As of today the same is probably true but by $500,000 less. The problem is that Phorm has been spunking cash at c$2 million a month and it is now April 12.

Access Intelligence – some future value to be had for the patient in the AIM back waters?

Published 466 days ago

Noting the disclosure that I own shares in AIM-listed Access Intelligence (ACC), so I am talking my own book, I was interested to peruse the numbers for the year to November 2015 as released yesterday. The headline numbers look great: revenue from continuing operations up 89%, recurring revenue from continuing operations nigh-on doubled and there was plenty of cash. How do things look beneath the surface?

Cloudbuy – Bravo for the transparency: full documents regarding finance package published

Published 466 days ago

I have been very critical of AIM-listed Cloudbuy (CBUY) of late, but in fairness there is much to praise after the company published on its website all the documentation in relation to the funding package announced with Mr Sella on 24 March 2016. It is a model of transparency, and the answers to my questions (HERE) are all to be found. The paperwork is HERE.  Other AIM-listed companies should take note.

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

Published 468 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.

Notes from Underground - Do you kiss your mother with that mouth?

Published 468 days ago

Good God, what is it that really interests you, dear ShareProphets reader? Look at these topics: Homophobic phrasing, alleged David Lenigas smears, ShareSoc's Roger Lawson talking bollocks, and pewter-circle law firm Pinsent Masons partner urging Sefton to smear Tom and Brokerman Dan are all making the top ten. Why aren't you readin Don't Short The Big Short. This Film Is A Master Class in How Top Traders Work.? That's a good piece of financial commentary.

Cloudbuy – GM Circular forces reward for failure down shareholders’ throats

Published 469 days ago

I had a few questions about the funding package which out-of-cash AIM-listed Cloudbuy announced on 31 March. The reward-for-failure options re-pricing already stuck in the throat (see HERE) but the GM circular really takes the biscuit. 

Ascent Resources – RNSs with no Nomad sign-off?

Published 469 days ago

In the midst of the takeover approach by Cadogan (CAD) which fell by the wayside, AIM-listed Ascent Resources (AST) was changing Nomad from finnCap to Stockdale (the former Westhouse). But a couple of RNSs slipped through which did not bear the name of either as Nomad. One wonders why.

Bushveld Minerals – placing ahoy?

Published 470 days ago

AIM-listed Bushveld Minerals (BMN) this afternoon announced the appointment of Beaufort as joint Broker to the company. As fine fellows as they are at Beaufort, and I’m sure they’ll do a jolly good job for the company it does rather look to be a slam-dunk certainty that there is a placing on the way. Back in September 2015 Mirabaud was appointed as joint broker. One wonders how many brokers the company needs!

Could Andalas Energy (aka dog CEB) be booted off the AIM Casino in two weeks time after raising the most expensive debt in AIM history?

Published 470 days ago

I am only asking but the much ramped Andalas Energy (ADL) formerly the much ramped CEB Resources has got two weeks to pubish an AIM readmission document or it will be booted off the AIM casino. It would be farewell to rule breaking ramper Dave Whitby, no great loss. 

Justin Farr Jones of Beacon Hill & hairdresser Infamy turns to blogging but CV misleads methinks

Published 470 days ago

You may remember Justin Farr Jones of Beacon Hill infamy - the man of the uber dodgy share dealings with his pal the hairdresser (HERE). Apparently he is now a blogger and financial services guru. I'd rather take financial advice from a big issue seller than Justin but each to their own. Check out his - ultra-tedious - blog HERE.

Petroneft - lifts restrictions on Natlata

Published 471 days ago

Well, at least this part of the AIM- and Dublin ESM-listed Petroneft (PTR) soap opera won't end up in the hands of the lawyers - not for now at any rate. (Almost) 30% shareholder, Natlata - which has requisitioned a sack-the-board EGM - has had the restriction notice served upon it lifted by the company. We await news of the second restriction notice which was served upon General Interest Overseas S.A. which held a further 10.7%.

Punt into Portmeirion Pots for Possible Pots of Profit. (Say that Aloud!)

Published 471 days ago

Hello Share Tuggers. Armchair tycoons like us tend to be attracted to sectors which are in the news. The big ones - like banks and oil giants, for example. And we all know what’s been happening to them over the last few years.

Nighthawk – April Fool backfires

Published 472 days ago

On April Fool’s day last week, AIM-listed Nighthawk Energy (HAWK) provided the market with a 7am RNS. There was good news and bad news. Or, rather, not-quite-as-bad-as-it-might-have-been news, and very bad news indeed. Unfortunately the better bit was corrected yesterday afternoon. An extended April Fool, then.

Polemos - yet another placing but why? The stench of Lenigas again

Published 473 days ago

Polemos (PLMO) has been a value destruction exercise par exellence by David Lenigas and his wrecking crew and news of another planned placing today just adds to that tale. The only question is who would be daft enough to get involved?

Petroneft – the plot thickens with a mystery shareholder

Published 473 days ago

AIM- and Dublin ESM-listed Petroneft (PTR) has hit back at its requisition-hungry and (just shy of) 30% shareholder Natlata, which has forced a sack-the-board EGM to be called (for the second time). Yesterday Natlata complained that it had been handed a Restriction Notice which would prevent it from taking part in the EGM. Today Petroneft has announced that it has, in fact, handed out not one but two Restriction Notices. 

When is a "result of GM" not a result of GM?

Published 473 days ago

We should all marvel at the care and attention of the regulatory system afforded to investors who dabble in shares listed on the world's most successful growth market. We really should. And that brings me to an RNS released yesterday at 11.59am by AIM-listed RedX Pharma (REDX) entitled Result of General Meeting. Except it wasn't a result of general meeting announcement at all.

Petroneft – it’s handbags as requisitioner barred from taking part in sack-the-board EGM

Published 474 days ago

I would not like to say who is right and who is wrong, but it will certainly be an interesting to follow events at AIM- and Dublin ESM-listed Petroneft (PTR) in the run-up to an EGM shin-dig on 18 April. The largest shareholder, BVI-registered Natlata Partners Ltd (with just under 30% of the shares) requisitioned a sack-the-board EGM. Now it seems that the incumbent board has issued a Restriction Notice to Natlata preventing it from attending, speaking or voting at the EGM. The handbags are out!

ValiRx – more on that Bracknor death spiral and a trip to Companies House…. Uh Oh!

Published 475 days ago

Yesterday I had a few comments to offer with regard to AIM-listed ValiRx (VAL) and its £4 million (or is it £8.6 million, or is it £8.6 million plus proceeds from exercise of 5 million warrants at 9p?) CUL deal with Bracknor. My fear is that details of that deal offered up in the RNS of 21 March 2015 look (from Friday’s RNS) to have been incredibly lacking. But wandering over to the Companies House website leaves me wondering if the company can’t get simple Companies House filings right, what hope is there for the mechanics of a complex CUL deal to be fully understood and conveyed to shareholders?

ValiRx – have we been told the truth, the whole truth?

Published 476 days ago

On 21 March this year, AIM-listed ValiRx (VAL) announced a convertible loan facility with Bracknor Fund Ltd. It was announced that the company could draw down up to £4 million in tranches of £500,000. But it seems that some of the information given was either wrong or just missing, not to mention a small problem of share issuance authorities which look to be insufficient to seal the deal. Having had no reply to two emails sent to the company, I am assuming that the conclusions I have come to are correct. It is not pretty.

David Lenigas on twitter: Lying, insider dealing or what?

Published 477 days ago

Due to the huge interest in my UK INvestor Show session "Why David Lenigas should be drummed off AIM forever" we are now miving this session to the main auditorium on April 30 2016. I would not want anyone to miss out. And if you needed further evidence of why the case is such a slam dunk here is a tweet from 48 hours ago:

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

Published 477 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.

Renewable Energy – end of the road (after hours, natch), it’s a zero

Published 477 days ago

Just in case anyone missed it, AIM-listed (but suspended since 20 Nov 2015) Renewable Energy Holdings (REH) has announced that it is going into wind-up proceedings. A Red Flag at Night, then.

Plexus Holdings – interim results, is it recovery as yet?

Published 478 days ago

Having fallen from more than 120p on the back of a very significant profit warning in January, though been recovering from little more than 40p at the end of last month, shares in oil and gas engineering services company Plexus (POS) currently trade around 5% lower at 52p on the back of results for the six months to 31st December 2015…

Tom Winnifrith Bearcast 30 March: Shame on Walbrook PR, Shore Cap, AIM and the fucking fraud Eden Research - I am livid

Published 479 days ago

Eden Research (EDEN) has engaged in fraud for years. No-one seems to care. It has just raised £2.6 million today in a placing. It has spunked c£32 million in 16 years since launch. This cash will be spunked too. I explain why everyone knows Eden has committed fraud and why no-one seems to care. I am not sure I even care anymore so rigged and corrupt is the stinking cesspit that is AIM. Warning this podcast contains bad language.

GCM Resources – Interims: dilution ahoy!

Published 479 days ago

AIM-listed GCM Resources (GCM) has been trying to get permits for a coal mine in Bangladesh for as long as I can remember – and this morning’s interims to Dec 2015 continue the lashings of Hartley’s being promised for tomorrow, or the day after. Or perhaps never. But meanwhile the cash is running out and there is a Going Concern warning to be found. Not surprising, as the balance sheet shows Net Current Assets weighing with a deficit of £416,000 – quite a problem when the market capitalisation is just £2.8 million (source: ADVFN).

China Norfolk Asian Citrus profits warning – how long until the corporate undertakers are called?

Published 479 days ago

ShareProphets AIM-China Filthy Forty purveyor of Biblical plagues, Asian Citrus Holdings (ACHL) has updated the market on its latest calamity. Apparently it grows oranges too, but its main product these days does seem to be natural disasters that prompt ( lack of) profits warnings.

How to spot a China Fraud – China Law Blog

Published 479 days ago

The ShareProphets AIM-China Filthy Forty is today officially reduced to just 20 companies remaining listed on the Casino (Auhua, ACE, being the latest dispatch following a Nomad resignation and no replacement being found). But is it a problem specific to the Casino? It seems not, according to an interesting post by Steve Dickinson in China Law Blog (see HERE), but there are some simple tests which can be applied – take note AIM Nomads – which gives a very good indication of whether you are looking at a fraud or not.

Tom Winnifrith Bearcast 29th March - AIM is a rigged market I give up and am off to play draughts

Published 480 days ago

It is 1-1 in the Cretan holidays 2016 Championship. The Mrs and I face a decider later. Right now I consider that is more important than a rigged market like AIM. I cite three instances of this from today and, frankly, consider the draughts championship a higher priority than writing about the Casino. At least the Mrs and I play on a level field.

Another Filthy Forty AIM execution as Asia Ceramics is given the boot

Published 480 days ago

Another day, another one-way trip to the chamber of no return. Asia Ceramics Holdings plc was formally given the heave-ho this morning to make it the nineteenth member of the ShareProphets AIM-China Filthy Forty to leave the Casino. Tomorrow we hit twenty – the half way mark – as it is the turn of Auhua (ACE) to join leave the world’s most successful growth market.

CDialogues – CDOG a complete dog? Another unhappy Greece-originating AIM story

Published 480 days ago

Provider of mobile marketing to mobile network operators, CDialogues (CDOG) has announced that “following the announcement made by the company on the 25th January 2016, the company now expects that EBITDA for the year ended 31 December 2015 will be less than €1.6 million” and that its “existing contracts have generated revenues in the first quarter of 2016 less than the board anticipated”. And it possibly gets still worse…

Rurelec – is this anything to worry about?

Published 480 days ago

Two weeks ago AIM-listed IPSA (IPSA) – a Peter Earle trainwreck – released its annual results to March 2015. The report contained an Adverse Opinion on Financial Statements issued by Auditor Grant Thornton which detailed two issues, one of which was the recoverability of £1.8 million from another Peter Earle trainwreck (although he has since departed that particular scene), AIM-listed Rurelec (RUR).

African Potash Interims - what a total dog's dinner: sell

Published 480 days ago

African Potash (AFPO) CEO Chris Cleverley says that he is an expert in running Not For Profit Organisations. African certainly fits into that category but today's interims suggest that Cleverley has not got a scoobie.

Cloudbuy – kitchen sink RNS. Buy or Bargepole? Part 3

Published 482 days ago

Looking through the lengthy RNS from AIM-listed Cloudbuy (CBUY) of last Thursday afternoon a few things caught my eye. I have already discussed the refinancing (HERE) and the repricing of director share options (HERE) but there is plenty more to look at. Here we consider the trading update, corporate governance and a few other matters.

Cloudbuy – kitchen sink RNS. Buy or Bargepole? Part 2 – refinancing

Published 483 days ago

I have already taken a look at the kitchen sink RNS of Thursday afternoon, issued by AIM-listed Cloudbuy (CBUY) an hour before the city packed up for Easter, with regard to re-priced options and concluded that we were looking at a reward for failure. There is much more to discuss from that RNS and here we look at the bailout refinancing which is proposed.

Cloudbuy – kitchen sink RNS. Buy or Bargepole? Part 1, reward for failure

Published 483 days ago

Thursday afternoon saw a packed RNS released by beleaguered AIM-listed Cloudbuy (CBUY) detailing all manner of news – far too much to cover in one article. I suppose that you can’t quite describe 3.32pm as no-one-is-watching o’clock, although it was less than an hour before the city knocked off for the Easter recess and one might imagine that most were packing their bags by then. Let’s start with the options.

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