Results

F40 Univision – “pleased to announce” interims to Sept. Opinion (profit) vs reality (cashflow)

Published 14 hours ago

I am a bit puzzled by this announcement. ShareProphets AIM-China Filthy Forty play Univision (UVEL) is obviously “pleased” with the results, and with profits reported 133% higher on the same period last year and a major long-term contract win in the bag, who would not be pleased. Until, that is, you turn to the cashflow statement…

Minoan – no early Christmas gifts, but a good trading statement with lots to look forward to

Published 2 days ago

AIM-listed Minoan MIN) has issued a Trading & Financing Statement at 1.41pm. Happily, it does not look like a howler - good news there! Sadly there is no deal involving Cavo Sidero  - we will have to wait a bit longer for that. But we do get an update on its loan to Hillside and on trading at its travel agency, and we are told the preliminary results are expected to be in line with market expectation.

Tern – beating UK Oil & Gas hands down in race to the bottom

Published 2 days ago

AIM-listed Tern plc (TERN) seems to be a good few steps ahead of fellow AIM-listed UK Oil and Gas (UKOG) in the self-inflicted terminal slide as a result of signing up to a death spiral funding package. Indeed , on the day Tern announced the deal the shares collapsed from over 5p to under 4p. They now languish at 2.625p mid: Impressive stuff – unless you are a shareholder.

Chatting to the SEC about Larry Cummins of Milestone infamy as a CV liar goes to jail

Published 2 days ago

That Larry Cummins of Black Cactus is a proven liar is now widely accepted. What is stunning is that AIM listed Milestone (MSG) whose entire market value is based on the belief that a deal with Black Cactus is worth something has failed to comment. Maybe the Securities & Exchange Commission in the US will force its hand.

Aquatic Foods – Director resignation: rats leaving the sinking ship as AIM Execution approaches

Published 5 days ago

AIM-listed Filthy Forty play Aquatic Foods Group (AFG) has at last posted an RNS. Given that its FY16 accounts are overdue by almost 6 months, and its interims by heading for three, you would have thought we might have an update on that. But no: instead the resignation of Mircle Ching Chai Yap was announced. This chap has a spot of form….

Sula Iron & Gold - website issues gents?

Published 5 days ago

Sula Iron & Gold (SULA) appears to have done a transformative deal on Friday. I have asked Gary to have a butchers at what is now a cobalt play as I am too thick to understand it. I am a mere shareholder. Meanwhile its corporate website at http://www.sulaironandgold.com/ appears to have some er...issues. Im not sure this is fully compliant with AIM Rule 26. What do you think?

EXPOSE: Tern – time to ‘fess up over Tabot Harty and Device Authority?

Published 6 days ago

AIM-listed Tern plc (TERN) seems to have a spot of explaining to do – or, more particularly, its CEO Al Sisto. I refer to the presentation on the website of US Capital Partners in relation to the (so far failed) attempted fundraise by Tern’s principal investee Device Authority.

Notes from Underground: Do you hear what I hear?

Published 6 days ago

Another week where 7 out of 10 of the top articles are videos or Bearcasts. That's fine by me, it's a USP of ShareProphets membership and I'm glad that people are using one of the defining things of our site in such numbers.

Cloudbuy – more borrowing from Sella as alternative to insolvency: SELL

Published 8 days ago

As predicted HERE, AIM-listed Cloudbuy (CBUY) has again run out of cash and proposes to take further loans from white knight Roberto Sella to keep the lights on. Obviously the company wants all of its shareholders to approve the proposed deal – why is why it has called an EGM for 27 December. I’m sure all shareholders will want to break off from Christmas celebrations to attend. Not!

Ariana – more (good) news

Published 9 days ago

Shares in AIM-listed Ariana Resources (AAU) have been a pain since I recommended them back in February. They duly motored north, only for the steam to be well and taken out by a placing. I still reckon there is excellent value here and continue to look for the 2p mark to be achieved (again).

Rurelec – more bad news, examining further funding options

Published 9 days ago

AIM-listed Rurelec (RUR) has updated the market with regard to its dealings wth Energia del Sur in Argentina. In short, the cash ain’t flowing into Rurelec’s coffers.

Advanced Oncotherapy - saved by oriental white knight, but for how long?

Published 9 days ago

With a litany of Red Flags behind it, you might wonder that AIM-listed Advanced Oncotherapy (AVO) has managed to raise any money at all, but this morning’s news is – it seems – good news. Cash coming in (and large quantities of it) should pay down the payables nicely and give the company some breathing space – although we are told that the cash is still in China awaiting approval to be shipped out by the authorities. Followers of the ShareProphets AIM-China Filthy Forty might consider that as an indication that the completion of the deal is rather open to question.

Tern – don’t be fooled by the headlines

Published 11 days ago

Shares in AIM-listed Tern (TERN) seem to have stabilised after the bloodbath of last week, at 2.875p in the middle – having started last week at 4.5p and only in mid-August having completed a hugely discounted placing via Primary Bid at 6.6p. Ouch. This is all in response to the RNS last week announcing that it had signed up for death spiral funding. Yesterday, at 11am, Tern announced that was to issue 800,000 shares from the exercise of a warrant at 3p, and Alliance News picked up the story that Tern Issues New Shares Above Current Share Price To Settle Warrants. Don’t be fooled….

Tom Winnifrith - two share tip video from Greece - Tuesday AM (Today) on ShareProphets (paying subscribers only)

Published 11 days ago

Here is another reason to pay the equivalent of less than 2p per article and join ShareProphets. Today, not only will I be dobbing in another AIM listed company to the regulators but I will be publishing a video from here in Greece with two share tips. But it is for paying subscribers only. Surely that is worth £5.99 a month, less than 2p per article? Join now HERE for the share tips this morning and much more...

I know a company on AIM where there is insider dealing taking place today - does anyone care?

Published 12 days ago

A company on AIM received a bid approach late last week. I was made an insider on late Friday and have not told a soul or traded a share. So I know it has had a bid, the company and its advisers know and someone else knows too. 

Tern – is this why the shares have collapsed?

Published 12 days ago

I note the comments made by Cynical Bear as he analysed the stonking collapse in the shares of AIM-listed Tern (TERN) and wondered if this would be the worst ever example of the death spiral. It seemed that there was little untoward in the disclosed details of the funding package, but there is one omission which leaves me thinking that the collapse is set to continue.

Where now for Conroy dogs Karelian and Conroy Gold?

Published 13 days ago

I’ve been wondering what comes next for Prof Richard Conroy’s AIM vehicles Karelian (KDR) and Conroy Gold and Natural Resources (CGNR). From my review of their financial results to May of this year (see HERE and HERE) it is clear that they are both in deep trouble – they are running out of money fast and the results to last May show that quite clearly. Lord knows how bad it is now.

Tom Winnifrith bearcast: this time Neil Woodford is only talking 50% bollocks but what about Brokerman Dan on Ascent you ask?

Published 14 days ago

The publicity hungry, failing, fund manager Neil Woodford is all over the papers. On the markets he's right ( and bearish) but when discussing his own (failing) funds he is talking utter bollocks and I explain why. Brokerman Dan (Levi) has formed a shareholder action group on Ascent Resources (AST). I discuss his case against them and make a few suggestions to the company. I comment on R4E (R4E) on the disgraceful behaviour of Pathfinder Minerals (PFP), look at RM2 (RM2) and then finally at Sabien (SNT) which look either to be on the brink of a last gasp fundraise ( at a more than 99% discount to the IPO price) or of insolvency. In the same breath I mention Inspirit (INSP), another AIM boiler room dog that should be shot.

Conroy and Karelian lifestyle companies produce results in a sea of Red Flags. 2: Conroy

Published 16 days ago

Yesterday I described the FY17 results of Karelian Diamond (KDR) and a series of Red Flags to be found. Today we look at its stable-mate, AIM-listed Conroy Gold and Natural Resources (CGNR) and find a similar story. It is a car-crash festooned with more Red Flags.

Tern – forget the portfolio update, it’s a death spiral, stupid

Published 16 days ago

AIM-listed Tern plc (TERN) has issued a portfolio update RNS this morning, but that is not the story. It waxes lyrical about how well Device Authority is doing – but what about the $10m fundraising? Step forward the Statement Re Issue of Convertible Unsecured Loan Notes and Loan To Device Authority for that is where the real beef is. It’s not pretty.

Conroy and Karelian lifestyle companies produce results in a sea of Red Flags. 1: Karelian

Published 17 days ago

AIM-listed (and no longer on Ireland’s ESM market) Conroy Gold and Natural Resources (CGNR) and Karelian Diamonds (KRL) released full year results this morning. It is a double set of Red Flags for these two lifestyle companies of Prof Richard Conroy – and despite the latter having been floated off by the former, more Red Flags come into play with related party transactions. But the biggest sin of all is treating your own shareholders as utter muppets, which is where I start.

F40 Aquatic Food – where are the accounts? Month 5

Published 17 days ago

We are now a day from the end of November and STILL ShareProphets Aim-China Filthy Forty play Aquatic Foods (AFG) has not published its FY16 accounts, which are now a day short of five months late. Also outstanding are this year’s interims, which should have been out by the end of September.

Frontera – how do you keep armies of BBMs in suspense?….er, we’ll tell you later

Published 18 days ago

AIM-listed Frontera (FRR) has managed to get around to updating the market on its Ud-2 well in Georgia. To be fair, it did promise news by the end of the month. On the other hand, there are no flow rates. Had they been good, you can bet the numbers would have been there this morning.

Bowleven – departure of last standing member of old board announced - Good!

Published 19 days ago

AIM-listed Bowleven (BLVN) has announced that the one remaining member of the old board is to depart the scene at the company’s forthcoming AGM on 13 December. The company thanks Mr David Clarkson for his three years of “considerable” service and the valuable role in providing continuity following the boardroom clear-out earlier this year.

Minoan – waiting and waiting for payday

Published 20 days ago

I hold shares in AIM-listed Minoan (MIN), the ownership of which has proved a mighty frustration for years and years – first we had the almost interminable application for the resort at Cavo Sidero which was finally won and all appeals have now ended. But now we are waiting for the company to cash in….how long will that take?

Missed out on the Globo fraud fear not Gavin Burnell is backing another wannabe AIM "winner"

Published 21 days ago

Some folks have no shame. I talk not of serial promoter of dogs and frauds Gavin Burnell but of AIM Regulation who are allowing another Burnell backed "winner" to list. The high point of Gavin's career was of course Globo which he brought to AIM via an RTO, where he was a very well paid NED, made a killing selling shares and which was then exposed as a fraud HERE and went bust within 72 hours. Of course Gavin did nothing wrong. The CV gets better

Bowleven - is there value here? Crown Ocean thinks so

Published 24 days ago

I note that yesterday AIM-listed Bowleven (BLVN) released a TR-1 RNS from Crown Ocean – the rebel shareholder which threw out the old board earlier this year. It has increased its holding (again).

ShareProphets China AIM 'Filthy Forty' update – good riddance Northwest Investment Group edition

Published 25 days ago

Another month, another set of de-listing developments amongst the (few) remaining ShareProphets China AIM 'Filthy Forty'. Who's next to follow the likes of Geong International and co in 'Geong, Geong' and then Gone?...

Tonight's PrimaryBid offering is Premier African Minerals, deadline 9pm

Published 25 days ago

No advice is offered, but anyone wanting to take part in an underwritten fundraise into AIM-listed Premier African Minerals (PREM) with Primary Bid (which benefits us in a small way) can do so if they are quick: the deal closes at 9pm tonight.

ZAI fallout: no weddings, two funerals and two rescues at the gallows but AIM needs to come clean over GIPO

Published 26 days ago

I commented last week on the silence from four former clients of former Nomad ZAI Corporate Finance as weekend executions were lined up for failing to enlist a replacement Nomad. None of them had said anything since 18/19 October when ZAI was given its marching orders by the Oxymorons. This morning two fell to the advances of the grim reaper, but riding to the last-minute rescue of Ukrproduct (UKR) came Stand Hanson while Polo (POL) was saved by Allenby. You might picture Clint Eastwood and Paul Newman riding in as the trap-doors were released and a well-aimed shot at the hangman’s ropes frees the victims.

ZAI scandal – one last minute appointment of Nomad, but the bells are tolling

Published 28 days ago

As I write, it is now less than half an hour to the close of trading on Friday 17 November. On Monday, any company previously employing the services of ZAI Corporate Finance as Nomad which has not found a replacement will be booted off the AIM Casino. They include AIM-China plays Grand Group (GIPO) and Northwest Investment Group (NWIG), Polo Resources (POL) and Ukrproduct (UKR).

SDX Energy offers good upside potential with plenty of news flow - buy

Published 29 days ago

Whilst many private investors go chasing rainbows and hoping for one of their oil and gas exploration plays to hit black gold, there are actually a number of AIM listed outfits which are already producing, yet don’t seem to be as popular as they are unlikely to generate large share price rises overnight.

Karelian Diamonds – like Conroy, is it placing ahoy?

Published 31 days ago

AIM-listed Karelian Diamonds (KDR), like fellow AIM-listed Conroy Gold and Natural Resources (CGNR), is run by the good Professor Richard Conroy. Tom Winnifrith has exposed a pretty gruesome histoire at Conroy, but what about its little brother?

Frontera – where are the Ud-2 well results? Waseem Shakoor scathing

Published 32 days ago

Yesterday at 1.50pm (the back end of lunchtime no-one-is-watching o’clock) Caymen registered, head office in Houston, Texas, operations in Georgia but AIM-listed (why?) Frontera Resources (FRR) gave an update on its Taribani asset in Georgia. It has the drilling permit. Woohoo. But what about the Ud-2 well? Has the company been taking lessons from UK Oil and Gas (UKOG)?

Solo Oil – death spiral horseshit from Beaufort

Published 32 days ago

This morning AIM-listed Solo Oil plc (SOLO) announced a $5 million death spiral facility with institutional investors and arranged by Riverfort. It is a convertible facility with 8% interest, and an option to repay in cash (with a small penalty). Beaufort Securities (house broker) issued a note this morning. It is utter horseshit – shame on you.

West African Minerals: Founder Jim Mellon walks after, up to, £62 million spunked, and its nearly all over - sell!

Published 32 days ago

At 4.12 PM yesterday it was announced that my old friend Jim Mellon and his associate Gerard Holden had resigned with immediate effect from West African Minerals (WAFM). Old Jim founded the company and was its chairman. It is now almost game over for West African and the scores on the doors are shocking.

Filthy Forty Walcom – no silk purse, it’s a sow’s ear of a trading statement

Published 32 days ago

ShareProphets AIM-China Filthy Forty play Walcom (WALG) hasn’t provided as much entertainment as some of its fraudulent brethren, but yesterday’s trading statement – issued at 10.36am, so bad news – is a bit of a gift.

Filthy Forty Asian Growth Properties – another big payout ahead but it’s cheerio and an indictment of AIM

Published 33 days ago

ShareProphets AIM-China Filthy Forty play Asian Growth Properties (AGP) has announced that is it throwing in the towel on its AIM listing, and is to dispose of its assets and return the cash to shareholders. This is expected to amount to about 48p per share – to add to the huge dividends paid out over the last couple of years. It is, in many way, a startling result although the reasons behind the delisting cast a pall of shame on the AIM Casino and thus the London Stock Exchange.

Central Rand Gold - no pulse after all in the Peterhouse Parrot, bad news for Fatty.

Published 34 days ago

This must be a candidate for the AIM Casino’s shortest appointment as Nomad: Beaumont Cornish took the reins on 19 October (when ZAI Corporate Finance had its Nomad status revoked) and at no-one-is-watching o’clock on Friday (at 4.47pm) it announced that its shares would be cancelled from AIM first thing on Monday.

Tern – Oh dear, now former Chairman Angus Forrest dumps shares

Published 36 days ago

AIM-listed and perennial jam tomorrow Internet of Things (IoT) investment company Tern plc (TERN) released a TR-1 this morning, showing that former (and now fully departed) Chairman Angus Forrest has been dumping his shares. The stock has slipped a little on the news, but not enough to make me think that the full significance of this selling has really been appreciated by the market.

Rurelec – more on Peter Earl bid: It HAS fallen apart

Published 39 days ago

Still no statement from AIM-listed Rurelec (RUR) with regard to the potential offer from a consortium led by former boss Peter Earl which may or may not involve IEH Limited. Or was it InterEnergy Holdings. But just as my last piece went out, we got this….

Rurelec – confusion as Peter Earl bid appears to have fallen apart, or has it? Statement needed now!

Published 39 days ago

On 11 October AIM-listed Rurelec (RUR) put out an announcement regarding a possible offer led by former head honcho Peter Earl and involving a company which was named as IEH Limited which may or may fund the deal. Yesterday a company called InterEnergy Holdings said that it thinks it was the company referred to as IEH Limited, and that it has no intention of making as offer – and there is no comment at all from Rurelec. 

Tern – heading for the perfect storm: SELL.

Published 39 days ago

Cynical Bear suggested last week that all was not well with the attempted fundraising by Tern plc (TERN) principal investment Device Authority. Not surprising really, since the funding round is being conducted at a whopping premium to the value of Tern’s holding implied by its share price - investors who were convinced would be better off simply buying Tern stock. He also wondered what has happened to Tern’s investment in new portfolio member InVMA, into which Tern was supposed to be pumping a further £250,000 by 31 October. It is now November 7th and there has been no update. Why?

Concepta - at 8.25p worth 17.5p, according to house broker

Published 39 days ago

Beaufort Securities is house broker to AIM-listed Concepta (CPT) so you may prefer to take what follows with a pinch of salt. Also worthy of note is that it is owned by FIML (which is owned by a trust for Tom Winnifrith’s dependents) and just to keep Tom Winnifrith happy, here is what Beaufort has to say on yesterday’s disappointing Trading and Order update which he covered in yesterday’s Bearcast when he suggested waiting for the placing expected to follow before piling in.

BREAKING: Three rats desert the sinking fraud ship that is African Potash - but when did they jump? Oh dear...

Published 40 days ago

On 25 October the fraud African Potash (AFPO), now listed on the NEX lobster pot having been slung off AIM, managed to raise £60,000 gross (call it £45,00 net) at just 0.06p to keep the lights on. It is still drowning in liabilities and clearly insolvent. Hey ho, wind forward 12 days to today....

RedX Pharma – exit from administration, return to trading on AIM from midday but serious questions remain

Published 40 days ago

We have been following closely the story of RedX Pharma plc (REDX) as it ran out of other people’s money and went into administration. Now, after just over five months on the suspended list, the company has been successfully restructured and it is all systems go. This is very good news for the company’s shareholders, but questions remain – not least of which is what happened to the Administrators’ Final Report. The company announced it had published the whole thing on its website but I can’t  find it. And the relevant filings at Companies House are still missing. No doubt they will appear, but surely the return to trading on AIM should come AFTER the market has had a chance to digest it, not before. Black marks all round then.

Frontera – pithy comment from Waseem Shakoor suggests doubt in Georgia

Published 41 days ago

On Friday AIM-listed, US-headquartered, Cayman Islands registered and operating in Georgia Frontera resources (FRR) released a Corporate Update on Progress in Georgia. As Waseem Shakoor observes, anyone who was hoping for actual production figures might be a tad disappointed, for what we got was delays and the commencement of a programme of study in relation to its Notice of Feasibility of Commercial Production as announced last April. Oh, and a nice shiny new presentation on the company website (if no countdown clock!)

Tom Winnifrith Bearcast: I really want to be sick, no I am not joking

Published 43 days ago

No I really want to be sick. The day started so well with Joshua, myself and more fit young mums making a paper image of Colin the Dog. But then I just got sick so hence the lack of content from me today. After this podcast goes up it is back to bed. On bear cast today a demolition of minus 99.5% lifestyle company Arian Silver (AGQ), 13 Energy (i3E), today's spoof from Magnolia (MAGP), a "fucked if I know" response from me on R4E (R4E) - a share we own - and a look at today's dire news from one of Jim Mellon's many AIM dogs FastForward (FFWD).

ZAI scandal: déjà vu for Nomad Fatty Cornish – 11 days to first fuck-up

Published 43 days ago

With ZAI Corporate Finance having lost its Nomad license, 12 companies were searching for a new Nomad all of a sudden, but four of the twelve are now suspended having failed (thus far) to attract the attentions of the Nomad community. However, for Roland “Fatty” Cornish it has been a case of déjà vu as it stepped up to the role for Alpha Returns Group (ARGP) – the AIM outfit formerly known as Digital Learning Marketplace (DLM) from which Fatty resigned as Nomad ahead of a questionable restructuring and CVA into the fine firm it is now.

ShareProphets China AIM 'Filthy Forty' update – ZAI Nomad disqualification causing issues edition

Published 43 days ago

Since our previous update, ZAI Corporate Finance has had its nominated adviser status removed - causing further issues amongst the (few) remaining ShareProphets China AIM 'Filthy Forty'. Who will be next to follow the likes of Geong International and co in 'Geong, Geong' and then Gone?...

Aquatic Foods – the excuse this time for no accounts? Silence!

Published 43 days ago

And so it came to pass that ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) didn’t even bother to update the market at the end of October on the supposed progress towards getting its FY16 accounts released – accounts which should have been released by 30 June. The interims to June are also overdue, but there is no statement at all! Step forward those fine fellows at S P Angel, the company’s Nomad.

Echo Energy shares suspended after no insider dealing on AIM, honest guv!

Published 47 days ago

Shares in uber-ramped Echo Energy (ECHO) were suspended today after a sharp share price move on Friday forced an admission from the company. Hmmmm, heavy share dealing just before a big announcement. But this is AIM, the world's most successful growth market so that is just a total coincidence just like it always is on the casino. Move along gents..nothing to see.

Here's the easy way to pay sub 2p per article for ShareProphets & catch a hot share tip and 3 bearcasts from Tom tonight

Published 47 days ago

Tonight Tom Winnifrith serves up a special share tip and a bearcast special (one of three bearcasts today) only on ShareProphets. To access that tip ands the bearcasts you have to be a paid subscriber to ShareProphets. It only costs you £5.99 a month to get access which works out at sub 2p per article. Think how much our big red flag calls on the AIM frauds have saved you and hot tips like IQE have made you. Its a nil brainer....it's madness not to sign up especially with those THREE bearcasts and a hot share tip from Tom coming up today.

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Aquatic Foods – what will the excuse be this time for no accounts? Month 4

Published 48 days ago

Here we are again, with the last days of the month playing out and (as yet) no word from ShareProphets AIM-China Filthy Forty poster-boy Aquatic Foods Group. It missed the June 30th deadline to file its FY16 accounts and each month since then we’ve been promised news next month.

Tom Winnifrith Bearcast: Our big LONG play for the year is coming back & worrying about Malcolm Stacey

Published 48 days ago

This is a two part bearcast. In part one I discuss what is the biggest single investment we have made for a couple of years which comes back to the market this week. I explain why I am excited and why we have gone in big. Then I pick up on Malcolm Stacey's article yesterday on Day Trading. A) Don't do it and B) why this is one of many signs that remind me of the latter stages of the 2001 bull market. I recount my failings as a whistleblower then and why I am so depressed by the sordid antics of today's AIM

Tern – Director appointment dates???

Published 49 days ago

It’s not much to ask for any AIM-listed company to get its Companies House filings right, and consistent with its RNSs, is it? But then AIM-listed Tern plc (TERN) has had a few issues with this in the past. So, Tern, when did Richard Turner join the board?

Tom Winnifrith Bearcast: No fit young mums today so Cloudbuy - how much cash is left?

Published 51 days ago

Sadly it is half term so that weekly treat with Joshua is postponed for another seven days. Instead I look at Magnolia Petroleum (MAGP) as its shares hit new all time lows: boy that share consolidation worked well did it not? Then it is onto Challenger Acquisitions (CHAL) which is utterly fecked but why is boss Mark Gustafson not filling his boots with shares at 1p when he bought so ostentaiously at 20p+?  Then it is onto Cloudbuy (CBUY) which needs to fess up on its cash position, or rather lack of it. En passant I cover the spoof at On Line (ONL) and also revisit my earlier piece on AIM going underground.

The Underground World of AIM - Why a top broker has it a bit wrong

Published 51 days ago

A top broker, who shall remain nameless, has this morning had a go at AIM regulators. His ire is prompted by a meeting in a pub where Berkeley Energia (BKY) presented to retail investors. It was by all accounts packed which, since I am a loyal shareholder, pleases me. But I just do not understand what is wrong here.

CyanConnode - how late a director declaration?

Published 51 days ago

Yesterday at almost no-one-watching-o’clock (4.12pm), AIM listed eternal jam-tomorrow pain-today play CyanConnode (CYAN) posted a director declaration RNS. It being issued at 4.12 in the afternoon suggests an announcement other than routine, and when we look at the details we see information which surely should have been released one day short of six months ago!

Can we buy you a drink? Says Berkeley Energia

Published 53 days ago

I like Paul Atherley of Berkeley Energia (BKY). He is honest, likeable and capable and runs a company that looks very interesting indeed - yes we have a few shares!. That puts him in the 1% as far as AIM bosses go. And so here is a message he put out today,. If you are bored and fancy a drink next week and happen to be in the hell hole that is London...what Paul says in their message should get you excited about his company. Over to Mr Atherley...

BNN - PWC Report & Whitewash: on AIM wholesale wrongdoing does pay

Published 53 days ago

On 4 September shares in AIM listed China, er.. investment, BNN Technology (BNN) were suspended as the FD quit making serious allegations about founder and CEO Darren Mercer and CEO of China Ops Wei Qi. Today came the whitewash. Remember that shareholders not the board own any company.

Well spotted Roger Lawson - The Sharesoc man inadvertently discovers some big red flags at Rosslyn including a looming profits warning

Published 57 days ago

Roger Lawson of ShareSoc bought a few shares in Rosslyn Data (RDT) as a recovery punt in a placing. That he was able to get EIS relief added to the attraction although I still worry he will lose money on this company which I have highlighted many times (HERE) as a howling dog even by the standards of AIM. Lawson attended the AGM yesterday and reports back on what appears to have been a curate's egg in his mind. I think he is being well generous.

Tom Winnifrith Bearcast - if Jersey Oil & Gas needs a 15-20% discount, what price the UKOG placing?

Published 57 days ago

I cannot blame Jersey Oil & Gas (JOG) for raising £20 million today. It's the smart move. But if it has to offer shares at a 15-20% discount when it's on a roll what sort of discount will UK Oil & Gas (UKOG) have to offer as it seeks to raise £5-10 million with things going badly wrong? I also look at MySquar (MYSQ) after today's article that proves FRAUD. What is not allowed on AIM these days? Would complicity in mass murder be a problem? I give up.

Chapter & Verse: How MySquar committed securities fraud on July 31 using related party companies

Published 57 days ago

It is clear that Nomad SP Angel does not care if its client MySquar (MYSQ) issues lies via RNS and it has not bothered to ask the one question that would show very clearly the Securities fraud committed by its client on July 31. It is a sorry state of affairs and I shall be writing to AIM Regulation and to the chairman of the LSE later to ask that SP Angel's license be revoked as it is clearly not fit and proper to run a public lavatory let alone be a Nomad. But now for John Meyer and his fellow dullards at SP Angel here is how your client defrauded investors.

Tom Winnifrith Bearcast: The Horse Hill Maths that just don't stack up for UKOG and that $15 million placing by Cornhill "outed"

Published 58 days ago

On the agenda today as I prepare for my weekly coffee morning with my baby son Joshua and the fit young mums is: Andalas (ADL) a joke broker note, MySquar (MYSQ) another RNS which is all smoke and mirrors and a desperate attempt to prop up the shares but SP Angel refuses to force the company to come clean on the lies in the last RNS and the fraud. Pathetic. I look at Interserve (IRV) and its latest dire news. We did warn you. I "out" the company that was truing to raise $15 million via Cornhill yesterday. I look at former ZAI clients whose days on AIM are numbered and finally I read across from yesterday's Horse Hill trade involving Regency (RGM) and Alba (ALBA) to show just how monstrously overvalued is, out of cash and desperate to place,  UK Oil & Gas (UKOG) 

Tom Winnifrith Bearcast: Another slam dunk lie in the MySquar trading statement - time for correction number 2

Published 59 days ago

Oh dear, oh dear. This is pretty simple maths although clearly beyond the wit of clueless Nomad SP Angel but in this podcast I demonstrate clearly another slam dunk lie in the MySquar (MYSQ) trading statement of last week and corrected version of this week. Time for another correction? But it gets worse. I remind you of what SP Angel needs to establish to show that MySquar only breached AIM Rules rather than committing wholesale fraud (ref July sales) but now suggest that its claims re September comparatives might bear scrutiny as well. And there are some very fishy rumours coming out of Singapore that SP Angel might consider as it decides whether to quit or not.  I move on to cover Paternoster Resources (PRS) after its latest bad news and explain why its NAV is illusory and then ask readers for help in outing which oil & gas stock Cornhill is raising $15 million for today at a discount of 12% to some share price or another.

Why an ASA complaint is such a major red flag - case study Sabien

Published 59 days ago

Natch the AIM listed uber dog Sabien (SNT) never got around to mentioning it but, like Purplebricks (PURP) today, it was censured by the Advertising Standards Agency, ASA, back in January 2013. Good companies just do not need to mislead clients.

Northwest Investment Group – heading for the knackers’ yard?

Published 60 days ago

With ZAI Corporate Finance losing its Nomad status on Thursday, its client companies are running out of time to book in a replacement to avoid suspension. And that brings us to ShareProphets AIM-China Filthy Forty play Northwest Investment Group (NWIG) – the investment company which, after seven years, has invested not a cent.

FRAUD: MySQUAR fesses up to error in profits warning but still will not answer the big question re FRAUD

Published 60 days ago

What on earth is clueless Nomad SP Angel thinking? Its client MySquar (MYSQ) last week issued a (lack of) profits warning which means that it has either committed securities fraud or merely a massive breach of AIM Rule 11. Investors need to know what its sales were in July (as opposed to the July-September average given) in order to know how bad this will be. I have pressed SP Angel to force a statement and indeed the retained broker Beaufort has - to its enormous credit - also pressed but instead...

ZAI scandal: first clients announce new Nomad, but ten facing suspension on Thursday

Published 60 days ago

Last week we had the shocking announcement of the culling of ZAI Corporate Finance as a Nomad by AIM, apparently due to a hip operation on one of its Qualified Executives. Of course, there is more to this than meets the eye, as discussed by Tom Winnifrith HERE. But aside from the actions of AIM as judge, jury and executioner – all behind closed doors – there is the issue of what happens to the clients of ZAI who use it as Nomad. Of twelve companies which announced they were looking for a replacement last week, we have now had two transfer – to Northland Capital Partners.

Tom Winnifrith Bearcast - I agree with Luke Johnson on shite small cap research

Published 62 days ago

I start with a look at the poverty of small cap coverage in the Sundays but then in general. Just where can you get quality objective material on AIM shares? Then responding to Malcolm's what he looks for in shares to buy, I go through a good look at what I look for in shares to avoid or short.

Central Rand Gold – nah mate, this Peterhouse parrot ain’t dead, he’s resting

Published 63 days ago

Central Rand Gold (CRND) is already suspended from trading on AIM and under AIM Rule 41 will be given the one-way trip to the execution chamber if it hasn’t sorted its problems out by 11 November. It is an uphill task, not to mention the striking off of its Nomad, ZAI Corporate Finance, as from 19 October. Now shareholders are being asked to sign up to a dilution to almost nothing, as outlined in yesterday’s 3pm RNS. What’s not to like!

Could UK Oil & Gas head back to 1p? Waseem Shakoor muses

Published 64 days ago

My good pal the bear raider Waseeem Shakoor posted a few thoughts on UK Oil & Gas (UKOG) this morning over at ADVFN. He, like Lucian Miers, is now well in profit but staying short at 4.6p. I explained in bearcast why he is right to do so. Here is Waseem...

Milestone is worthless: sell

Published 64 days ago

Nigel Somerville raises a red flag about AIM uber dog Milestone (MSG) HERE but is too nice a guy to point oiut just how worthless and overvalued this crock is. I am not so nice.

Rurelec – in the twilight zone as Peter Earl leads a potential offer

Published 64 days ago

Peter Earl, the former CEO of Rurelec (RUR), has come forward with a potential offer for the company. As bizarre development go, this is right up there with the best of them. Next up the re-appointment of Rob Terry to Watchstone (formerly Quindell)?

When facts change what do you do? If you are a MySquar owning moron you ignore the facts

Published 64 days ago

I bring you below a twitter exchange with a moron who owns shares in MySquar (MYSQ). There is no hope for some folks, they deserve an inevitable fate of poverty.

Milestone Group – surely not another dodgy share issuance?

Published 64 days ago

On Wednesday at 2.13pm AIM-listed Milestone Group (MSG) knocked out a TR-1 RNS. Nothing unusual about that, but hang on – what about the dates?

MySquar (target price 0p) - let's work when the cash runs out

Published 65 days ago

The first pressing issue with MySquar (MYSQ) is whether it has committed securities fraud or merely driven a coach and horses through AIM Rules or both. I hope that either SP Angel or Beaufort will force it to reveal July sales numbers to give us an answer. The next question is when does it run out of cash? Here is my best estimate.

Tom Winnifrith "well educated and well read" says MySquar boss Schaer as Pizza Hardman Atwater grills him

Published 65 days ago

The first question at the LSE Asylum moron-fest with MySquar (MYSQ) boss Erik Schaer was about me. Apparently the old rogue thinks that I am "well educated and well read." Well he ain't wrong. But flattery will get him nowhere. I sent Pizza Hardman Darren Atwater along to grill him and the questions only mount.

ZAI scandal – the rush to sign up a new Nomad already under way….for some more than others?

Published 66 days ago

In the wake of AIM’s shocking execution of ZAI Corporate Finance last night – announced not once but three times at 6.15pm – the collection of AIM-listed to-be-former clients of that Nomad firm has been keen to get a message out to the market that the search for a replacement is already well underway.

Exclusive: AIM Kills ZAI as a Nomad - the full story the LSE is desperate you do not hear

Published 66 days ago

At 5.45 PM yesterday Denzil Jenkins of the AIM Regulation team called Nomad ZAI. No-one answered so he left a message on its answerphone informing the Nomad that it was to lose its Nomad status at 6 PM that day and that its clients would be contracted at that time with the news. Jenkins followed this up with an email saying that ZAI could appeal but when you are going to lose all your clients what is the point? In fact the events of yesterday are just part of a story which shows AIM in a terrible light as a secretive and oppressive body covering its own failings with scapegoating and showing no regard for natural justice or any sense of fairness.

Haydale – up to £9m fundraising on (piss poor) results release day...TIMBER!!

Published 66 days ago

AIM-listed Haydale (HAYD) joined Applied Graphene (AGM) on the heavily discounted fundraising trail yesterday from the graphene sector of AIM (albeit it has other products as well). Not only has it announced its full year results to June, it offered the begging bowl at not less that 120p per share. Given that the stock closed last night at 176p, it suggests that the company was expecting a frosty reception. At the low point the stock was trading down 54.5p at 121.5p before a recovery to 125.5.

Breaking: Central Bank of Ireland calling in witnesses in Conroy Gold Enquiry this week as ESM quote surrendered

Published 67 days ago

It is bad enough that Conroy Gold & Natural Resources (CGNR) faces a potentially massive stock overhang as it tries to arrange a placing to pay the bills but it is now facing an upping of the regulatory ante. Perhaps that is why Conroy has today announced it is surrendering its joint quote on the ESM and being listed on AIM. Or maybe that is just to save cash?

When is stealing $2.4 million not a sackable offence? When you are chairman of an AIM company of course!

Published 67 days ago

Well it is now official. It is perfectly acceptable for the chairman of an AIM listed company to take $2.4 million of a company's cash without permission. You and I would call taking someone else's (that is to say shareholder's) money theft or stealing. But on AIM it is simply an unauthorised loan. Pas de probleme mes amis!

Photo Article - Teeling Distillery Dublin ( Bearcast on tour)

Published 70 days ago

You may know John Teeling from a host of small AIM stocks like Botswana Diamonds (BOD). But his real passion as been his whiskey businesses. I should say that my friend and comrade in veterans rugby is a non drinker. The Teeling distillery in Dublin is just two years old and is actually managed by John's two sons but the old man takes a massive fatherly interest. I recorded a bearcast in the offices there on Friday but also had a tour of what is a working distillery. You can too and if you are in Dublin I'd recommed it big time. I sould declare that Jon did not try to bribe me with any free samples. But it is never too late and he has my address..

Tern – was Device Authority’s NAV £2m or $10m as at FY16? Does It depend on whether you want to invest?

Published 70 days ago

Having taken another look at the website of US Capital Partners (who are raising cash for Device Authority Ltd, currently majority ownerd by AIM-listed Tern plc) I see the sale is now advertised. I note also that  (on time) Device Authority Ltd has itself filed account for 2016. Now in theory, one would have thought the numbers would bear some form of resemblance….after all, they are for the same company in the same period. So what gives?

Conroy Gold and Nat Res: look at the timeline over Warrant Exercise and Placing

Published 70 days ago

I have a question for Professor Conroy, of AIM-listed Conroy Gold and Natural Resources infamy. Tom Winnifrith tells us that the paperwork for the warrants exercised by him and by his sidekick (which were announced on Wednesday last week) was filed last Sunday. We also learnt yesterday that the cash went straight back out of the kitty to repay Conroy/Jones by settling director loans - apparently ahead of term. 

A glimmer of light at the end of the tunnel for Ferrum Crescent?

Published 71 days ago

Regular readers here will know that I’ve not exactly been a big fan of Ferrum Crescent (FCR), but there could now be a slight glimmer of hope for anyone trapped in this serial underperformer.

Frontera – that Primary Bid placing

Published 72 days ago

Well, well, what a surprise: AIM-listed Frontera Resources (FRR) has raised cash in a placing. Well OK, it is not a surprise at all. As I pointed out HERE the works programme of the company was going to cost a few quid which it simply did not have. As we shall see, the workover rig out at the Ud-2 well in Georgia has prepared the site for testing of gas bearing intervals but until last night there was no money to pay for the testing.

Management Resource Solutions Fined £85,000 by LSE but this is a whitewash and cover up

Published 72 days ago

Management Resource Solutions (MRS) has today been fined £125,000 (reduced to £85,000 for co-operating with the LSE) for lying to investors back in 2015. But this is a whitewash and a cover-up protecting the establishment. The LSE notes that only the FD remains from 2015 and finds he was blameless. Cock. There is no censure of the Nomad (Northland) which was reckless in its lack of due diligence. How do I know this? Because it took me 30 minutes of internet research to expose this scandal back in April 2015 HERE.

BREAKING: Conroy Gold & the evil Prof try to rig GM by illegally adding shares to voting list

Published 72 days ago

At 2 PM yesterday, Capita Registrars signed off on a shareholder list at that point as being those who could vote at Friday's GM called to oust fat cat bosses Professor Richard Conroy and his henchwoman Maureen Jones from Conroy Gold & Natural Resources (CGNR). Shortly before 2 PM the Professor called Capita and added 500,000 shares to the register - probably enough to swing the vote. What he has done is wholly illegitimate and must be reversed at once if Capita, Nomad Allenby and AIM Regulation give a damn about their own rules and common justice.

Frontera – dodgy RNSs which don’t add up

Published 73 days ago

I’m getting terribly confused about the recent conversions by YA II PN (aka Yorkville) of Series A Preferred Convertible Shares in AIM-listed Frontera (FRR). I refer to the 2017 interims and the recent RNSs announcing the conversions.

Midatech Pharma – a reader asks what we think (it’s not good….the curse of Neil Woodford (again)

Published 73 days ago

I have to say I haven’t come across AIM-listed Midatech (MTPH) until now. However, with interims results just released perhaps I could get a handle on it. The problem is that the interim report has a few gaping holes in it, all of which leaves a strong sense of unease. The unease in increased when I note that the recent bailout placing (at a whopping 31% discount) showed up Woodford Investment Management as a major holder. Oh dear, not a good start….

Oi Milestone now tell us about that missing £1.25 million

Published 74 days ago

Having correctly predicted that useless AIM rule breaking Deborah White would get the order of the boot as CEO of Milestone Group (MSG) my first question for her temporary replacement Tony Sanders is whatever happened to the missing £1.25 million?

InternetQ - what are the dodgy bubbles hiding now - accounts overdue....

Published 76 days ago

In 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. It is now called Akazoo Ltd. The Sheriff is still on the case

Tom Winnifrith Bearcast: EVR has all the hallmarks of an AIM stock promote & its £75m valuation is crackers

Published 77 days ago

EVR Holdings (EVRH) is beloved of Bulletin Board Morons but is rightly lampooned by Cynical Bear earlier today HERE. I look at it and note that it has all the markings of an AIM stock promote and that its valuation, £75 million, is absurd and makes it ripe for shorting. Then I ask if £15 million is too much to earn for eight years of FTSE 100 failure? What about £43 million for eight years of success?

Filthy 40 Northwest Investment Group – Interims from the investment company that doesn’t invest

Published 77 days ago

Well here we are seven years (to the balance sheet date) on from the listing of ShareProphets AIM-China Filthy Forty play Northwest Investment Group (NWIG) and the interims are out. How close to meeting its investment policy is it now?

Zac The Knife utterly savages Mayan Energy

Published 78 days ago

Even by the standards of the City's No 1 oil analyst Zac "The Knife" Phillips of SP Angel this morning's note was a savage and brutal attack. Think of a hunter bludgeoning a baby seal to death. The object of the Knife's ire is AIM disaster story Mayan Energy (MYN) and the great man writes: 

Tern – ‘fesses up that Device Authority fundraise first close delayed, revenues tiny

Published 78 days ago

Well, well, well: last Friday I suggested that the fundraise advertised by Tern in an RNS dated 11 August which was expected to reach $2.5 million at first close by the end of September appeared to have run into some difficulty. A week later Tern has finally got arround to confessing that first close is now expected to be during October.  It seems that the company still needs a bit of help from ShareProphets Nomad Services.

Advanced Oncotherapy Interims: cash-guzzler extraordinaire but the tank is empty

Published 78 days ago

AIM-listed Advanced Oncotherapy (AVO) has released its interims results on deadline day. The highlights (if that is the right word) come from the cashflow statement, where cashburn appears to be almost £2 million a month. And then there is the company’s statement of working capital which, although technically correct, is a grossly misleading figure.

Filthy Forty Aquatic Foods - still no FY16s but at last an FD

Published 78 days ago

ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) has at last appointed a new finance director to replace the previous incumbent who left all of a sudden as the company announced it was unable to release its FY16 numbers. Good news...er, well sort of.

AIM-China Grand Group interims (the day before suspension) – lots of cash, why no interest?

Published 78 days ago

AIM-China play Grand Group (GIPO) has released its interims to 30 June – one day ahead of the suspension of its shares on the world’s most successful growth market – about which there was no comment at all! This is therefore the last call to gain an exit ahead of suspension.

K3 Capital – placing of locked-in shares complete…..oh, and the buy-back is binned

Published 79 days ago

As Tom Winnifrith pointed out on today’s Bearcast, there seems to be no value in contractual arrangements any more. Shares subject to a lock-in? No problem, we’ll sell them anyway. And that brings me to K3 Capital Group (K3C). Like Tom, I have no idea what the company does and frankly nor do I care. But I do wonder whether things are going quite so well at the company in the light of this morning’s news. It wasn’t the sales which concerned me (although that was bad enough), it was what came with them.

Frontera - no reason for share price movement. Timber....

Published 81 days ago

AIM-listed Frontera Resources has watched its share climb from 0.1p to peak earlier today at 0.78p. No doubt the BBMs have celebrated their collective superiority and intelligence. Except that even the company now tells us that there is no reason for the rise. 

Forbes Ventures – an utterly pointless POS on NEX

Published 81 days ago

Looking at some entities on the NEX lobster pot isn’t necessarily the most edifying experience, but two RNSs released last night (after hours, natch) simply leaves ones mouth open. Where to start with this pile of junk from the corporate client list of Peterhouse? Is it the (stunningly) late FY16 numbers? Perhaps it is the related party disposals and acquisitions? Maybe we should look at the balance sheet (showing a MINUS). 

Westminster Group's paltry placing is not enough, Mr Market has given up

Published 81 days ago

At the weekend I flagged up that Westminster Group (WSG) was at death's door and needed a bailout placing ASAP. Today it announced that it has raised a paltry £750,000 gross at just 10p. Any company chaired by the loathsome ex Tory MP Tony Baldry, of 3DM infamy, is a no go for me but it seems that Mr Market agrees with the Sheriff. Here is why Baldry's Westminster is toast.

Tern – more acquisition news, but when’s the (yet another) placing?

Published 82 days ago

AIM-listed Tern plc (TERN) has announced that a new synergistic investment into InVMA, a key strategic partner for Device Authority. All well and good, but where is the money coming from?

AIM-China play Grand Group – end of the road in sight?

Published 82 days ago

A brief note to flag up that AIM-China play Grand Group (GIPO) has until the end of this coming week to comply with its investment policy or be suspended from the Casino.

Advanced Oncotherapy – interims preview

Published 83 days ago

Joining in with Cynical Bear’s run of interims previews, I thought I’d take a look at our old favourite, AIM-listed Advanced Oncotherapy (AVO). The history here has been nothing short of a disaster in the last 12 months or so, and appears to be now culminating in a potential cash-crisis.

China fraud Aquatic Foods – what excuse will be offered this week re overdue FY16 accounts?

Published 83 days ago

It’s that time of the month again: ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) seemed to promise its delayed FY16 accounts by the end of the month. In June the excuse was it couldn’t get its cash out of China, but the directors were going to pony up so as to pay certain advisers (ie the Auditor) and the results would be out in July. Oh, and the next day the CFO (who had been in post less than a year since the previous incumbent walked) resigned with immediate effect - having signed off the RNS.

Breaking: Regulatory Censure for Jason Drummond of Teathers infamy

Published 84 days ago

The following censure of Jason Drummond of Teathers (TEA) infamy is damning. It relates to his time at Media Corp (MDC) an AIM disaster story ending in bankruptcy. I think it is fair to say that Jason will not be sitting on any more AIM boards after this.

Tern: how’s that fundraising for Device Authority going?

Published 85 days ago

Some while back – on the 11 August – AIM-listed investment company Tern (TERN) offered up details of a proposed fundraising for its majority-owned investee Device Authority. We were told that a term sheet had been signed with US Capital Partners to raise new equity based on a pre-money valuation of $36 million, and that first close was expected to be in September, with a minimum subscription of $2.5 million. So why is there no mention of any of this on the website of US Capital Partners?

Nyota – a complete shambles and horror show as AIM completely disgraces itself once again

Published 85 days ago

Last night at 5.25pm Nyota Minerals (NYO) announced that its shares were being booted off the AIM casino. The roll call of shame on this one is appalling. We have AIM Regulation, broker Peterhouse and the directors of the company seemingly all at fault here, not to mention former Nomad Beaumont Cornish and two further Nomads, ZAI Corporate Finance and Allenby being dragged in. It is a true horror show. But rather than look in the mirror, the directors pointed the finger at ShareProphets – blame the media, the investigative journalists, blame evil Tom Winnifrith and myself, Nigel Somerville. This is shocking.

Concha – keep the lights on placing (by Peterhouse) at the dead of night. Or was it broad daylight?

Published 87 days ago

Last night it was announced at 4.43pm that AIM-listed investment company Concha (CHA) had raised gross proceeds of £420,000 in a keep the lights on placing at 0.35p. The company trumpets that it was at a discount of 8% to the close the previous day, which makes it seem good value, although the shares cratered from 0.57p at around 1pm on the day of the announcement. No insider dealing there, then. 

Frontera – YA cashes in convertible shares at 0.09p: share price madness!

Published 87 days ago

AIM-listed, Cayman Islands registered, Houston (USA)-based and with Georgia operations Frontera (FRR) has announced that YA II PN Ltd (aka Yorkville) has cashed in by converting convertible stock at just 0.09p. With the shares having raced up from sub-0.1 pence to 0.3625p earlier today, on the back of a series of soft PR interviews, website updates and corporate musical chairs, private investors are once again being screwed.

F40 China New Energy Interims: flagging a profit, cashflow statement says otherwise

Published 88 days ago

AIM-China play China New Energy (CNEL) is one of the few remaining members of our Filthy Forty still trading on the Casino. This morning saw its interims to 30 June 2017 released and it claims to have turned over hugely increased revenues of RMB 69 million (c. £7.7 million) and registered a net profit of RMB 17 million (c. £1.2 million) as against the market capitalisation of £6 million. So why are the shares trading 4% lower? Er…look at the cashflow statement! And the company wants to conduct a buy-back of its shares! Ho ho, what with?

BREAKING: Purplebricks fascist lawyers letters backfire as it's blocked from AllAgents.co.uk

Published 88 days ago

With 300,000 reviews, AllAgents.co.uk is the UK's largest independent site for independent reviews of Estate Agents by Customers. It has just taken the unprecedented step of not allowing Purplebricks (PURP) reviews because the AIM listed company was trying to "game" the system by using fascist lawyers letters. That tactic has now backfired in a spectacular fashion.

The future looks bleak for Ferrum Crescent - another placing isn't far from being needed!

Published 89 days ago

The lower end of the AIM market can be surprisingly predictable at times, especially when it comes to raising funds, so it often amazes me how many private investors get caught out when such news comes. That would certainly seem to have been the case with the recent fundraising activity at Ferrum Crescent (FCR) and the events leading up to that, even if many on the bulletin boards were in denial of what was coming.

BREAKING - Nyota no RNS as it may yet be saved despite AIM incompetence

Published 89 days ago

Nigel Somerville asked yesterday why Nyota (NYO) had not been booted off AIM having lost the services of its Nomad, Roland "fatty" Cornish. There has been no RNS so far but here is what is happening.

Nyota – how low has the bottom end of AIM sunk?

Published 90 days ago

Today is the day that Nyota was to have been booted off the world’s most successful growth market unless a replacement Nomad had been appointed, Beaumont Cornish having resigned in mysterious circumstances. Of course, today is a Sunday, so we should have heard something on Friday. But as predicted HERE, there was nothing. I guess the shareholders always knew where they stood, but now it is confirmed: you are at the bottom of the heap.

Table of shorted AIM shares - week to 15/09/2017

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...

AIM Listed Applied Graphene and the BIG LIE exposed: BTW it is Placing ahoy

Published 92 days ago

Companies that tell lies to investors are ones that should be avoided like the plague. If you pick a company up on one lie the odds are that there are stacks of others going undetected. That brings me to Applied Graphene Materials (AGM) where I will demonstrate a slam dunk lie. Then we will turn to its looming cash crisis.

Advanced Oncotherapy – is a family member of boss Dr Mike Sinclair worth £269,265?

Published 92 days ago

Shares in AIM-listed Advanced Oncotherapy (AVO) are still languishing well below the par price of 25p and the company must surely by now be running pretty low on cash. But a look at the FY16 accounts throws up some interesting questions over remuneration.

Monchhichi – More comedy from these jokers as it moves to the Sub-Standard List

Published 92 days ago

I was smiling for much of yesterday having read the announcement from Monchhichi (MCC) about its proposed cancellation from AIM and a move to the Sub-Standard segment of the Main Market. Let me explain why.

Why IQE is One of the Most Difficult Shares I've Ever Encountered

Published 92 days ago

Hello, Share Scrappers. One of Blighty’s most tricky shares, IQE (IQE) is still causing consternation in Shareland. After a long period of rising almost every day, there is some retracing going on now. I sold all my shares at 140p. Since then I’ve bought half of them back at around 155p. This was a mistake. But I’m not blaming myself because the good publicity for the microchip company keeps rolling in.

Frontera – shares rampaging higher over a website update?

Published 93 days ago

Shares in AIM-listed Frontera Resources (FRR) have been zooming ahead. Having raised the princely sum of £750,000 (including £250,000 from directors) one might wonder how much of that cash is left over already. That helped pick the stock up from a low point of less than 0.1p per share, but the news that apparently got things really going was the announcement that it has updated its website. Really?

Nyota Minerals – leaving it to the wire

Published 93 days ago

AIM-listed Nyota Minterals (NYO) seems to be leaving things to the wire with reference to the appointment of a new Nomad to replace Beaumont Cornish. The deadline falls over the weekend which presumably means that the guillotine should fall tomorrow if there is no news by close of play.

BREAKING African Potash Class action against Nomad Cantor - chocks away next month

Published 93 days ago

The whistelblower who assisted me in exposing the fraudulent statements made by lyin' Chris Cleverley and African Potash (AFPO) and signed off with no attempt to verify by Stewart Dickson at nomad Cantor Fitzgerald has now assisted those investors who want their money back. Praise be the Lord, Cantor is in the merde.

UPDATED: Don't be locked out from ShareProphets at Midnight TONIGHT! Sign up NOW!

Published 94 days ago

Evil Google and wicked Facebook have sucked all the advertising spend out of online media. We poor content providers do the creative work, the internet giants take the cash. And so we have no choice we must ask you to subscribe to ShareProphets or we must shut down. There are 297 reasons a month why you should pay as little as £5.99 a month for our content.

AIM-China Grand Group – a chance to bail

Published 94 days ago

AIM-China investment company Grand Group (GIPO) has divested itself of its investments and as such has until the end of this month to implement its investing policy or face a share suspension under AIM Rule 40. Another six months with no progress would result in a trip to the execution chamber.

BREAKING: Deborah White the rule breaking useless boss of Milestone to be out by the weekend

Published 94 days ago

Deborah White should have been fired as boss of AIM uber-dog Milestone (MSG) so many times. The company has been a serial non deliverer, shareholders have lost nearly everything and Debs has made out like a squealer being amply rewarded for her abject failure. Then last Autumn was the crime that should have seen her go to jail

Van Elle – argues first quarter “encouraging”, BUT…

Published 95 days ago

An update from Van Elle Holdings (VANL) ahead of its AGM today includes “trading in the first quarter of the financial year has been encouraging” and that the board “remains confident in its expectations for the current financial year as well as the long-term potential of the group”. Sounds encouraging…

Tasty – Interims leave a sour undertone

Published 95 days ago

AIM-listed restaurant group Tasty plc (TAST) served up its interims to 2 July this morning. Starters included good news that revenue was up 12% and that four new sites were opened. But the main course left a bad flavour in the mouth, reflected in the (last seen) drop of 12% in the share price.

InterQuest – shares suspended… but greater hope for shareholders?

Published 96 days ago

Shares in InterQuest (ITQ) have indeed been suspended after it terminated its nominated adviser and broker relationship with Panmure Gordon. However, following an “Update on nominated adviser and suspension” announcement, is there more hope for shareholders than initially feared?...

Rurelec – bad news from Argentina (again)

Published 97 days ago

At 4.18pm on Friday AIM-listed Rurelec (RUR) issued an Update – Energia del Sur, S.A. Judging by the timing of the announcement (more-or-less no-one-is-watching o’clock) it wasn’t going to be good news. 

Lessons from BNN, MySQUAR and Other Matters

Published 97 days ago

The BNN Technology (BNN) fiasco is rather a depressing reminder that it takes an event such as the resignation of a CFO, accompanied by some serious whistleblowing for NOMADs and AIM regulation to act, by which time it is invariably too late for the retail investor. This is largely because the system is inherently flawed in that NOMADs are paid by the very people that they are supposed to be vetting. This is why AIM is stuffed with BNNs ticking away like time bombs.

Stuttard’s Septic Seven – September update: minus 75%, what about replacements?

Published 97 days ago

Well here we are a few weeks short of the anniversary of the creation of out Septic Seven stocks which we had Red Flagged but were at the time still trading on AIM. Marcus Stuttard, the sham sheriff and head of AIM, obviously had complete faith in the regulatory setup of the Casino which is why this portfolio was set up. After all, if he is completely happy with the regulation of AIM (for which he is responsible), he should be happy to pony up his cash in out basket of diversified stocks. We might consider all members of the portfolio as littered with Red Flags, but obviously he doesn’t and therefore some of the joke PEs are highly attractive.

Table of shorted AIM shares - week to 07/09/2017

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...

Gold and Silver moving north: Ariana taking comfort as it announces initial Hot Gold Corridor exploration

Published 99 days ago

AIM-listed Ariana (AAU) has announced completion of an initial exploration at its Hot Gold Corridor  in north-eastern Turkey. Full marks for the name of the prospect! You can read the technical stuff of the RNS HERE, but essentially it sounds as though they think they’ve got some good readings for from copper, lead and zinc readings which leads them to expect to find gold and silver and targets which are already being generated from detailed mapping.

Tom Winnifrith Bearcast: Audioboom, the Bulletin Board oil analysts - more folks to run the lavs at Athens bus station

Published 100 days ago

I covered the Interquest (ITQ) scandal in a separate bearcast HERE. If you like bad language or tales of AIM wrongdoing you will love it. Elsewhere I look at the latest utterly meaningless trading statement from Audioboom (BOOM). Why is its CEO Rob Proctor so averse not only to defending free speech but also to handing out metrics that actuially mean anything. He is another man for the job of lavatory attendant at the Athens bus station. And BTW this company is going to run out of cash AGAIN. I also look at Havelock Europa (HVE), UK Oil & Gas (UKOG) and 88 Energy (88E). Now SIGH UP FOR A HOT SHARE TIP FREE HERE NOW! 

Zac The Knife sticks it to Frontera Resources - it just does not add up

Published 101 days ago

The City's number one oil analyst Zac "the knife" Phillips of SP Angel has this morning torn into much ramped AIM dog Frontera Resources (FRR). I think you can take it that what the Knife means is BARGEPOLE!. Over to the great man:

Tern – Interims see shares continued decline

Published 102 days ago

AIM-listed jam tomorrow IoT investment company Tern plc (TERN) was pleased to announce its interim results to the end of June 2017. The company may have been pleased, but with the shares currently off by 17% clearly the market isn’t.

BNN Technology – another China disaster: shares suspended as are CEO and COO, CFO walks

Published 103 days ago

Lucian Miers can be heard singing in the bath this morning as shares in BNN Technology (BNN) have been suspended. In the last year alone the shares have dived from over 160p per share to the suspension price of 41p, at which its market capitalisation was still a whopping £94 million. Do the maths, at peak price that’s something like £360 million.

Sign the Petition and get Jim Mellon's AIM dog Condor Gold put out of business

Published 103 days ago

Social Justice campaigners SumofUs have taken on mining giants before and, as Newmont discovered, won. Now the campaigners want perennially cash strapped AIM dog mining minnow Condor Gold (CNR), which is backed by my old friend Jim Mellon, stopped from abusing and bullying Nicaraguan peasants as it tries to develop the low grade La India mine. 64,467 folks (including me, sorry Jim) have already signed the petition. SumofUs does not hold back in its critique...

LSL buys into Yopa. Bad news for PurpleBricks, or bad news for traditional Estate Agents?

Published 104 days ago

One RNS caught my eye amongst the plethora of after-hours announcements on Friday evening. At 6.05pm AIM-listed LSL Property (LSL) was pleased to announce (so why at 6.05pm on a Friday?) a strategic investment in an online hybrid estate agent

NEX Exchange: which Corporate Adviser’s been a naughty boy, then?

Published 105 days ago

A chance wander through the NEX Exchange website (formerly ISDX and Plus Markets) market notices page saw me turn up a NEX Exchange disciplinary notice dated 11 August 2017. I wondered what that was about and who had been done over, so naturally I took a look. The good news is that one Corporate Adviser has been hauled over the coals for failing to ensure its client company kept the market informed about important matters. The bad news is that it is released on an anonymous basis by the exchange.

Table of shorted AIM shares - week to 01/09/2017

Published 105 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...

Update: UK Oil & Gas – Regency dumps again

Published 106 days ago

This afternoon at 1.38pm came another RNS from AIM-listed Regency Mining (RGM). Having dumped 26% of its holding in AIM-listed UK Oil and Gas (UKOG) as announced yesterday evening, it has dumped a further 34.7% of the UKOG confetti it got from the sale of 1.9% of Horse Hill Developments to UKOG.

UK Oil & Gas - Regency Mines dumps 26%

Published 106 days ago

I noted the other day that if I were Andrew Bell, Chairman of AIM-listed Regency Mines (RGM), and was about to be handed £1.28 million worth of UK Oil & Gas confetti, I think I know what I’d do with it. Last night (after hours, natch) we learned that Regency had dumped 26% of its recently acquired holding in also AIM-listed UK Oil and Gas (UKOG).

Filthy Forty Aquatic Foods – still delayed FY16 results Jackanory

Published 107 days ago

Yesterday at 4.14pm ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) updated the market regarding its overdue FY16 accounts. Once again we are left waiting until next month – Godot is definitely coming tomorrow, honest guv, when the new FD is appointed. So nothing to do with the problems getting cash out of China to pay auditors, Nomad fees and director fees as we were previously told?

Frontera: after-hours placing and directors’ subscription

Published 108 days ago

At 4.46pm yesterday AIM-listed Frontera Resources (FRR) announced a placing raising £500,000 and director subscriptions for a further £250,000 all at 0.0975p per share. Compared to the 0.44p per share back in March, when commenting on the announcement of a possible farm-out or joint operation arrangement regarding the company’s Block 12 holding in Georgia (no sign of the deal yet, is there!) the company said it was suspending operations (operations which had already been delayed and tardily announced, according to Tom Winnifrith) I said if I were a holder I’d get on to my broker post haste and sell.

Filthy Forty Aquatic Foods – third time lucky with results, or will Nomad SP Angel resign?

Published 109 days ago

We are two days from the end of August and we’ve had diddly squat from ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) which is currently suspended pending accounts. In June it said they would be in July, and that directors were going to pony up to get enough bills paid to see the accounts signed. In July it hadn’t happened and there was no mention of it. Will the accounts appear this time?

BREAKING: New World Oil & Gas - Reynolds has saved the day: Redomicile to BVI underway

Published 109 days ago

Some folks appear to think that New World Oil & Gas (NEW) has been a failure for Adam Reynolds. Sure it got booted off AIM for failing to do an RTO but you still have a company and news is imminent.

Winner of the Bulletin Board Moron of the Week contest - sponsored by the AIM casino, the world's most successful growth market

Published 110 days ago

Like the AIM Market itself, there are aways an array of losers to choose from in the Bulletin Board Moron of the week.  Well actualy (TW here) that is yet more fake news from Darren. It really is time to fire him again and so he can go make up stories with his fellow Trump hating money tree worshippers at The Guardian or the BBC. There were only two entries last week. Come on folks surely you can supply more this week? Tell you what i shall offer a prize. Anyhow last week's winner was: 

New Bulletin Board Moron of the Week contest - sponsored by the AIM casino, the world's most successful growth market

Published 110 days ago

This week's Bulletin Board Moron contest is sponsored by the AIM Markets, the world's most successful growth market, now only slightly smaller than it was last year.

Table of shorted AIM shares - week to 24/08/2017

Published 112 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...

UK Oil and Gas and Regency Mines – deal completes, which one is a BUY (if either)?

Published 113 days ago

UK Oil and Gas (UKOG) has completed the transaction with fellow AIM-listed Regency Mines (RGM) announced on 10th July under which a 1.9% shareholding in Horse Hill Developments Ltd heads to UKOG in a cash and shares deal.

A letter to Finncap CEO Sam Smith: are you a big supporter of insider dealing?

Published 114 days ago

Generally I would have thought that the CEO of one of London's biggest Nomads, Sam Smith of FinnCap, would have disapproved of insider dealing. It is, after all a criminal offence. But I am not so sure any more. After recent revelations at Telit (TCM) it seems Samantha does not think it is anything to worry about. I have dropped her a letter just to make sure and cc'd in the head of AIM Regulation, Mr Marcus Stuttard, as I am sure he and his colleagues the Oxymorons would like to know where Sam stands.

Nyota – suspended with no Nomad, Peterhouse lines up £550k at just 0.005p. Anything to see here, guv?

Published 115 days ago

Beaumont Cornish resigned as Nomad from AIM-listed Nyota Minerals (NYO) on 17 August with the caveat that it reserved the right to go sooner, as per Nyota’s RNS of 18 July. That statement also announced that Peterhouse subsequently also informed the company that it would resign as broker. Both stepped down as planned, leaving the company suspended on the Casino with bugger all cash. Wind forward to last night (after-hours, natch) RNS and as previously flagged on 15 August, Peterhouse last night was announced to have withdrawn its notice of resignation  and lined up a £550,000 placing at 0.005p. Meanwhile the company tells us that it is confident of appointing a replacement Nomad. It is full RTO steam ahead, then.

A Broker warns you on Bushveld... they do it with mirrors

Published 116 days ago

Once again I return to the subject of the company on AIM with the stupidest bunch of shareholders. The auditors of Bushveld Minerals (BMN) have stated explicitly that the company needs to raise fresh equity to avoid going tits up but shareholders respond by saying "how often have auditors got it wrong?" and a range of other excuses. They just do not get it at all, it is placing ahoy. Now the company has news today which the morons who own this stock seem to think is good. In a private email this morning a top City broker put it thus:

ShareProphets China AIM 'Filthy Forty' update – Pembridge Resources no deal complete, so move to standard listing edition

Published 116 days ago

Since our previous update, Pembridge Resources (PERE) has followed the likes of Geong International and co in 'Geong, Geong' and then Gone from the ShareProphets China AIM 'Filthy Forty'...

Ooh er MRS: CEO walks the plank, or was he pushed?

Published 117 days ago

A surprise announcement from AIM-listed Management Resource Solutions (MRS) at 9.49am detailing board and management changes. At that time of day it hardly looks routine and it wasn’t.

Bushveld - here's why your 27% stake in Vametco won't generate a cent of cash for the PLC this year and next - placing ahoy

Published 117 days ago

.Bushveld Minerals (BMN) shareholders, aka the dumbest fucks on AIM, are still largely in denial about the fact that a major placing is imminent. This is because they do not understand the difference between profit and cashflow or indeed much else about basic accounts. I will try again. Owning 27% of a company with modest EBITDA (bullshit earnings) is not the same as having a source of cashflow. In fact I bet you an ounce of Vanadium that Vametco will not generate a free cent for Bushveld this year or next.

New Telit Boss macho Yosi Fait in Leather Man action - caption contest

Published 117 days ago

Do you think Yosi got the machine below from Telit's (TCM) Vietnamese distributor of Internet products? In light of today's article on the former FD of the AIM fraud du jour, now its CEO, perhaps you can supply a suitable caption in the comments section below - deadline midnight Monday 21st. If you want more photos of burly men in leather check out Yosi's facebook page.

Stuttard’s Septic Seven – August update and news from African Potash

Published 118 days ago

It is August and Marcus Stuttard, the head of AIM, sees his portfolio of AIM stocks selected for him get to within 40 days of a full year. Out of the seven three have been booted off the market, one is suspended (no accounts) and the other was booted off AIM but got listed on the NEX lobster pot until it was suspended on that market as well. But Mr Stuttard is completely happy with the regulatory environment of the world’s most successful growth market.

Table of shorted AIM shares - week to 18/08/2017

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...

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

Published 120 days ago

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

A letter to the chairman of the London Stock Exchange - why no independent review of the Telit fraud?

Published 120 days ago

You may remember that at the last AGM of the London Stock Exchange (LSE) its chairman,, Donald Brydon CBE, 'fessed up to being a ShareProphets reader and as we chatted afterwards he came over as a thoroughly decent man. But he has, yet again, been failed by his minions in their handling of the biggest AIM fraud of the year, so far, Telit (TCM). Lowly gofers such as the head of AIM Regulation, the fake Sheriff Mr Marcus Stuttad,  have allowed Telit to avoid any independent scrutiny of its accounts & business practices despite clear evidence of fraud. That has to change and maybe Brydon will push for that. I have sent him a letter.

AIM Dog Servision: another warning and it is death spiral and dilution frenzy ahead

Published 121 days ago

When serving up god-awful FY numbers on deadline day ( June 30th) it was shown that uber dog Servision (SEV) had serially misled investors and indeed told outright lies over the prior half year. Rover also served up its second profits warning in two weeks with the god-awful numbers and 'fessed up "Our working capital position is tighter than we anticipated" - I should cocoa. Today it got worse.

Cloudbuy interims – losses being cut, but will it be enough?

Published 122 days ago

AIM-listed Cloudbuy (CBUY) announced interims to June this morning. With the last tranche of rescue funding from Roberto Sella now drawn, and a 20% discount to any placing price still on offer it looks as though the company will have to pay its way pretty soon. The good news is increased revenue and falling admin expenses. But will it be enough?

Nyota – no-one is watching o’clock update: no Nomad, Peterhouse back in the frame and placing at a “substantial discount” if a Nomad can be found

Published 122 days ago

AIM-listed Nyota Minerals (NYO) announced a company update last night at no-one-is-watching o’clock. The good news is that we were watching, the bad news for anyone left holding the stock is that Peterhouse is planning to “unresign” itself if the company can attract a Nomad before it is kicked off AIM altogether, with a potential placing at a “substantial discount” to last night’s closing price.

News from the Boiler Room - £300k placing at 0.12p, conditional on GM at Inspirit

Published 122 days ago

7.45am Tuesday brought news of a placing by AIM-listed Inspirit Energy Holdings (INSP) for just £300,000 at 0.12p. Even that figure had to be propped up by a £50,000 contribution from (corporate Red Flag) CEO and Chairman John Gunn. It won’t last long, even if they get it through a general meeting to allow it to happen.

Nyota – last chance to get out

Published 123 days ago

Anyone still holding shares in Nyota Minerals (NYO) is staring down the barrel as suspension looms at the close of trading tomorrow, in the absence of the appointment of a new Nomad and Broker.

Telit - Oozi "resigned" the board the Boston fraudster appointed says no PLC fraud but FinnCap declines to agree

Published 124 days ago

Telit Communications (TCM) is spinning hard to suggest that all is well despite its founder, CEO and largest shareholder Oozi Cats being"resigned" today. It started by planting today's RNS in the ever pliant FT yesterday afternoon - the paper of record is now the mouthpiece for fraudsters wanting to spin a line. The timing of that FT plant now exposes the lies of today.  Now comes the formal statement and it does not wash at all and begs massive questions which are just not answered.

Ariana – gold price, production news and share price

Published 125 days ago

After my mea culpa of June 20th we have had further news. It has taken a bit of time to digest, but overall it looks positive to me, if rather laced with jam-tomorrow. With the share price finally off its low point of just 1.25p, let’s look through the detail.

Notes from Underground: Here's a buy recommendation: invest in moped shares

Published 125 days ago

London has a real table problem. At least the outdoor ones, and I don't see Mayor Sadiq Khan putting any effort into it.

Telit Communications: what the bears saw, it's about the balance sheet stupid

Published 126 days ago

After my earlier story about the covenant breach which is, I am increasingly sure, a smoking gun, I explore some trends shown by the financial statements of Telit Communications (TCM) that may have been some the red flags that resulted in hedge funds making Telit the most heavily shorted AIM company - this is all about the balance sheet. It also highlights why some type of fund raise, equity or debt, was almost inevitable in May - without it the lights would have been switched off by now.

Tern announces two fundraisings – how do they compare?

Published 126 days ago

After-hours yesterday AIM-listed Tern plc (TERN) announced two fundraisings – one via Primary Bid for its own coffers and the other a proposed offering via US broker US Capital Partners for its investee company Device Authority. Let’s compare the two.

Table of shorted AIM shares - week to 11/08/2017

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 (see HERE) - you may note a sharp increase in the Telit (TCM) short position even though the shares have collapsed. The bear community smells a zero here, this is Globo all over again - note Tom Winnifrith's smoking gun of earlier & ignore it at your peril 

Snoozebox Holdings – when will the lender pull the plug?

Published 128 days ago

Snoozebox(ZZZ) interim results for the six months ended 30 June 2017 out yesterday showed a reduced loss of £1,006,000 down from £2,126,000 in the prior period. Worryingly for long suffering shareholders, the contribution to overheads was only £176,000 down from £986,000. 

RedX – Administration proposals raise awkward going concern questions

Published 128 days ago

The administrators to (suspended) AIM-listed RedX Pharma (RED) have published their proposals for the rescue of the group. The good news is that something will indeed be salvaged, but details of what went wrong look to raise serious questions of the company and its Nomad – none other than Cantor Fitzgerald. You might remember that name with reference to the African Potash (AFPO) fraud where it is to be sued for its negligence.

Lucian Miers chats to US Marshalls Office Massachusetts - Katz case not closed - a most generous offer to Telit boss

Published 129 days ago

As followers of Naibu (NBU) know there is nothing stopping the CEO of an AIM listed company being in prison while remaining in office. After all this is the world's most successful growth market and the head of the Oxymorons at AIM Regulation, Mr Marcus Stuttard, really is a top banana. As such fans of Telit Communications (TCM) will not worry a jot about this bombshell from infamous bear raider Lucian Miers, the Bard of the Boleyn.

Andalas - great news about the jam tomorrow, shares soar 45% but folks do know that it is bust don't they?

Published 130 days ago

Credit where credit is due. Andalas Energy (ADL) the AIM dog created to fund the lifestyle of Dave "Rule Breaker" Whitby has announced that it has signed a legally binding deal to develop the Jambi-1 30+MW independent gas-fired wellhead power facility in Jambi Province, Indonesia and to procure gas from Pertamina, the global fortune 500 national oil company. Andalas will have a 49% stake in the project and state owned construction outfit PT PP Energy will have 51%. So far so good but hang on Henry!

Equities First – the £18 million question over IQE

Published 130 days ago

It is almost three years since the Equities First Holdings story hit the headlines with the deal signed up with by Rob Terry et al at what was then called Quindell – now Watchstone (WTG) – whereby the sale of shares via a non-recourse sell and buyback deal was dressed up as a director share purchase.

Conroy Gold - sham GM result- rebels will call another, Prof Conroy your stockmarket days are numbered, the Sheriff of AIM is coming to Dublin to get you!

Published 131 days ago

I revealed on Sunday how Professor Richard Conroy had abused shareholder democracy at a sham of a GM for Conroy Gold & Natural Resources (CGNR). In preventing three rebels from joining the board when that is what shareholders clearly wanted he has shown himself no longer fit to run a PLC. I can only compare his pastoral care of shareholder rights at Conroy to that handed out by the Christian Brothers to their wards at so many boys homes across Ireland in darker days of old. The Professor shames Ireland and shames AIM with his antics. Conroy has today failed to fess up to exactly what went on and also what has happened since. Okay, he asked for this, the Sheriff of AIM needs to go to Dublin.

Nyota – former chairman selling again last week, now below disclosable 3%.

Published 131 days ago

Following my run for the hills at the weekend, we learn today from AIM-listed Nyota Minerals (NYO) that the former chairman dumped another line of stock last Wednesday (informing the company on Thursday) – 25 million shares. His holding – which started as 90 million shares in lieu of director’s fees – was down to 55 million. Since it is now below 3% he’s free to dump the rest without bothering the RNS system. 

Telit - as we often predicted this is the day the disaster unfolded, but can the CEO explain his £24m share sale?

Published 131 days ago

I am not sure if Neil Woodford had a big stake or if self proclaimed tech expert Roger Lawson has bought shares and endorsed it but Telit Communications (TCM) ticked all the other red flag boxes for AIM casino disasters waiting to happen. UK Investor Show attendees know that this has been high on the bear's hit list for a while. Today the train wreck happened and as I write, shares in what was the most shorted stock on the casino, are 39% down at 156p. But a £199 million market cap is still a rum and coke. The shares could be 20p and I still would not buy. Pro tem I count this as another big win for the Sheriff of AIM.

AIM dog Eastbridge goes bust having given all its cash to a conman on the run - who will take the rap for this f**k up?

Published 132 days ago

Peterhouse Corporate Finance, Mr Greg Colliar, crap Nomad Northland, Mr William Vandyk are you sitting comfortably? You sure? Now read on for yet another horror story emerging from the AIM casino....

Waseem Shakoor on Frontera – no money, no CPR due, no JV imminent, Varang walked?

Published 132 days ago

I’ve have a bear of AIM-listed Frontera Resources (FRR) for as long as I can remember. Perhaps it is the accumulated losses over the years of a whopping $479 million. Maybe it is the slide from c. 150p to the current 0.115p. Perhaps it is the boat load of confetti issued of late to settle debts. Maybe it is the delayed work on the South Kahheti gas assets. Whilst it seemed a slam dunk short at 0.42p per share (it was, now at 0.115p) there still seems to be more to go.

F40 Adamas - debtor not paying, (debtor) chairman vanishes. Oops

Published 133 days ago

Yesterday at 3.36pm ShareProphets AIM-China Filthy Forty play Adamas (ADAM) announced as update on a debtor. Judging by the timing it seems to be a bit of an unscheduled missive – and judging by the content, it seems to be a problem.

Table of shorted AIM shares - week to 04/08/2017

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...

Highland Natural Resources: Company Meet & This is why you should all be with PrimaryBid

Published 135 days ago

Highland Natural Resources (HNR) did an offer with PrimaryBid less than a month ago at 12p. I suggested having a flutter and with the shares at 21.25p offer I feel 100% vindicated - I met up with Dr Robert Price earlier this week here in Bristol.

Stratmin to be booted off AIM as funny China money fails to arrive - will anyone pay for this other than shareholders?

Published 136 days ago

Oh dear. Oh dear. Another AIM debacle involving Chinese funny money. This time it is Stratmin (STGR). Its cunning plan was to do an RTO of Signature Gold and to fund that deal with a £5 million investment from Axel Management Group Pty Ltd. What could possibly go wrong?

RedX – administration update and a question over the interims

Published 136 days ago

RedX Pharma’s administrators have updated the market on the state of play with this (currently) insolvent company. The good news is that a sale of assets is proposed which will bring in $40 million and that subject to review by the administration team of business plans by the management the company would be set to exit administration and shares restored to trading.

Jim Mellon 's Regent Pacific profits warning - premature ejaculation proving a bit of a cock up

Published 137 days ago

Oh dear, oh dear, it seems as if my old friend Jim Mellon had a bad day at the office on Friday. Hat tip to a reader who has just alerted me to a quite diabolical (lack of) profits warning from Regent Pacific which has many British shareholders thanks to its all share rescue takeover of AIM dog Plethora (PLE).

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

Published 137 days ago

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

Table of shorted AIM shares - week to 28/07/2017

Published 137 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 - technological milestones, but what about cash?

Published 138 days ago

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

Echo Energy fires its broker - for doing the sensible thing & dumping shares

Published 138 days ago

Echo Energy (ECHO) the overvalued wannabee oil explorer has today announced that it is firing its retained broker Brandon Hill. This is most unusual.

ASA Resources – oh dear: shares suspended pending financial clarification, more wholesale theft and fraud on AIM

Published 140 days ago

AIM-listed ASA Resources (ASA), formerly Mwana Africa, has been getting into a right mess of late, with significant funds having been remitted from operating subsidiaries in Zimbabwe and not properly accounted for. Funds remitted to group entities in Hong Kong have not been accounted for and it seems  that the bank accounts in Hong Kong appear to remain under the control of two recently sacked directors, Mr Yat Hoi Ning (CEO) and Mr Yim Kwan (FD). It is an all too familiar story for followers of the ShareProphets AIM-China Filthy Forty: directors walk off with the cash, get sacked but can’t be reached. Now ASA tells us that it’s shares are suspended pending financial clarification – and a third director, Mr “Brian” Ching Fung Hung having gone AWOL has now also been removed from the board.

China fraud Aquatic Foods Group – joke RNS delaying (again) FY16 accounts and more Red Flags

Published 141 days ago

ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) has released news of its delayed FY16 numbers in an (almost) no-one is watching o’clock RNS yesterday, released at 4.26 pm – 12.26am local time in China. Goodness me, they must have been putting the wording together for hours! Needless to say, there are still no accounts. In my view the whole thing is a joke and Nomad SP Angel is being made to look foolish: take a look at the directors’ page of the company website!

Nyota – former Chairman selling ahead of suspension - what a smart trade!

Published 142 days ago

Yesterday at 5.57pm this RNS was released by AIM-listed (for now) Nyota Minerals (NYO). It followed this RNS at 7am that morning. Nothing extraordinary, two TR-1s issued but it seems that former chairman has been offloading shares issued to him by the company in lieu of director fees in short order. 

F40 Origo – disposals: how’s the NAV doing?

Published 144 days ago

ShareProphets AIM-China Filthy Forty play Origo (OPP) has announced a couple of disposals. With the share price still languishing on a 2-2.25p spread, compared to the last quoted NAV in the FY16 accounts of 13c (US) – call that 10p per share. After a series of scandals over massive payments to the fund manager what now for the company with scheduled redeemable/convertible prefs after the dispute with Brooks MacDonald was finally resolved?

China fraud Aquatic Foods: crunch time?

Published 146 days ago

ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) shares were suspended last month because it couldn’t get its accounts out on time. We were told that this was because of difficulties getting its enormous cash-pile out of China to pay a number of parties whose assistance is required for the finalisation of the audited accounts. For that, we might presume that it includes the audit firm. We were told that the accounts were anticipated to be released in July – and here we are with 6 trading days left. Is it crunch time?

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

Published 146 days ago

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

Metal Tiger – “exciting possibilities” from Botswanan electromagnetic survey

Published 147 days 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 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...

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

Published 151 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 152 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 152 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 153 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 153 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 154 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 154 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 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...

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

Published 156 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 156 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 156 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 156 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 157 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 158 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 159 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 159 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 159 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 159 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 159 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 160 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 160 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 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...

China New Energy – AGM confirms placing fears

Published 162 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 163 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 163 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 164 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 165 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 165 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 166 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 166 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 166 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 168 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 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...

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

Published 169 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 169 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 169 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 169 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 169 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 170 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 171 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 171 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 172 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 172 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 173 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 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...

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

Published 177 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 178 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 178 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 179 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 179 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 179 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 179 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 180 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 180 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 180 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 181 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 181 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 182 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 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...

Sylvania Platinum looks to offer great long term value

Published 182 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 183 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 184 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 AIM Rules?

Published 184 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 186 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 189 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 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...

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

Published 190 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 192 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 192 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 196 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 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...

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

Published 197 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 197 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 199 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 202 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 202 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 202 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 203 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 203 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 204 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 204 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 204 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 204 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 205 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 205 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 205 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 206 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 207 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 207 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 207 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 208 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 208 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 211 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 212 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 212 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 213 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 214 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 215 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 215 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 216 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 216 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 217 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 218 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 220 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 220 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 221 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 221 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 223 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 223 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 223 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 224 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 224 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 225 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 225 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 226 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 227 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 228 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 229 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 230 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 230 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 231 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 232 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 233 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 233 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 234 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 234 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 235 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 235 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 235 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 236 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 237 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 238 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 240 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 242 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 242 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 243 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 244 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 244 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 245 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 246 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 247 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 248 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 248 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 249 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 251 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 251 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 253 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 254 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 254 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 254 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 255 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 255 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 256 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 257 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 257 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 257 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 260 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 261 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 261 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 261 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 262 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 262 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 262 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 263 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 263 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 264 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 264 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 264 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 264 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 265 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 265 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 265 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 266 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 266 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 266 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 267 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 268 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 268 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 269 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 269 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 270 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 270 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 271 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 272 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 272 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 272 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 273 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 273 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 274 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 275 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 275 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 275 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 275 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 276 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 276 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 276 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 277 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 278 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 279 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 279 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 279 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 280 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 280 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 281 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 281 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 281 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 282 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 282 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 282 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 283 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 284 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 285 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 286 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 286 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 286 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 287 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 287 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 287 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 287 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 288 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 288 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 288 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 289 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 289 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 290 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 290 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 290 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 290 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 290 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 291 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 291 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 291 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 291 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 292 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 292 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 292 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 292 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 293 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 293 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 293 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 293 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 294 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 294 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 294 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 294 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 294 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 295 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 295 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 295 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 295 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 295 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 297 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 297 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 297 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 297 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 297 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 297 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 297 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 298 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 299 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 299 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 300 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 300 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 301 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 303 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 303 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 303 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 304 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 304 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 304 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 304 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 304 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 305 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 305 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 305 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 305 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 305 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 306 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 306 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 306 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 306 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 307 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 307 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 307 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 308 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 308 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 308 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 309 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 310 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 311 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 311 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 311 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 312 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 312 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 313 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 313 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 315 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 315 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 316 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 316 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 316 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 317 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 318 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 318 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 319 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 319 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 320 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 320 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 320 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 321 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 322 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 322 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 322 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 322 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 324 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 324 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 324 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 325 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 325 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 325 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 326 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 326 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 327 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 328 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 328 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 329 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 331 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 332 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 333 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 333 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 334 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 334 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 335 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 335 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 336 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 337 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 337 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 338 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 338 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 339 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 339 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 339 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 339 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 339 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 340 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 340 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 340 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 341 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 341 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 341 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 341 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 342 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 342 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 342 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 343 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 343 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 343 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 343 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 344 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 345 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 345 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 345 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 346 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 346 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 347 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 347 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 347 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 347 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 348 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 349 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 349 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 349 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 349 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 350 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 350 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 350 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 350 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 351 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 351 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 352 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 352 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 352 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 352 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 353 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 353 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 356 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 356 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 357 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 357 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 357 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 357 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 358 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 358 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 358 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 358 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 359 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 359 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 360 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 360 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 360 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 361 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 361 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 361 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 362 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 362 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 362 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 362 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 363 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 363 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 363 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 364 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 364 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 365 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 365 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 365 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 365 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 366 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 366 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 366 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 366 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 367 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 367 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 367 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 368 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 368 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 369 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 370 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 370 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 370 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 370 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 370 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 371 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 371 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 371 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 372 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 372 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 373 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 374 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 374 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 374 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 374 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 374 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 375 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 376 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 376 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 376 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 377 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 377 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 377 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 377 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 377 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 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 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 379 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 379 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 380 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 380 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 380 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 380 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 381 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 382 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 382 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 382 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 382 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 382 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 383 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 383 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 384 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 384 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 384 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 385 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 385 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 385 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 386 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 386 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 386 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 386 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 387 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 388 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 388 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 388 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 388 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 389 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 389 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 389 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 390 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 391 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 391 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 391 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 391 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 391 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 392 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 393 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 393 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 393 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 393 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 394 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 394 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 395 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 395 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 396 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 396 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 396 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 397 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 398 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 398 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 399 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 399 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 399 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 400 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 400 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 401 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 401 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 401 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 401 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 403 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 403 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 404 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 404 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 405 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 405 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 406 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 406 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 407 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 407 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 408 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 408 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 409 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 409 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 409 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 410 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 410 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 410 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 411 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 412 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 413 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 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 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 413 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 413 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 414 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 414 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 414 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 414 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 415 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 415 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 416 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 416 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 416 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 416 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 417 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 417 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 418 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 418 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 418 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 418 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 418 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 419 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 419 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 420 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 420 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 420 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 421 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 421 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 421 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 422 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 422 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 422 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 422 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 423 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 423 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 423 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 424 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 424 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 425 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 425 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 425 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 426 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 426 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 426 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 427 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 427 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 428 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 428 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 428 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 428 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 429 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 430 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 430 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 430 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 430 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 430 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 431 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 431 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 431 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 432 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 433 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 433 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 433 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 434 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 434 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 435 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 435 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 436 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 436 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 439 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 441 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 442 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 443 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 443 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 443 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 443 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 443 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 443 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 444 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 445 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 445 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 445 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 445 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 446 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 446 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 447 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 448 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 448 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 449 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 449 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 449 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 451 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 451 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 451 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 451 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 452 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 452 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 453 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 453 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 453 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 453 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 453 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 453 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 454 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 455 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 455 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 455 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 455 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 456 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 456 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 457 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 457 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 460 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 460 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 461 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 461 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 462 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 462 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 463 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 464 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 464 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 464 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 465 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 466 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 466 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 466 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 466 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 467 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 467 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 467 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 468 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 469 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 469 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 469 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 469 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 469 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 469 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 470 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 471 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 471 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 471 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 471 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 471 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 472 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 472 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 472 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 473 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 474 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 475 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 476 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 476 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 476 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 478 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 478 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 478 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 478 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 479 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 479 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 479 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 479 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 480 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 480 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 480 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 480 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 481 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 481 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 481 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 482 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 482 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 482 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 483 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 484 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 485 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 485 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 486 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 487 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 487 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 487 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 492 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 492 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 495 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 495 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 495 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 496 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 496 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 496 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 496 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 496 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 497 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 497 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 498 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 499 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 499 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 499 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 499 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 499 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 500 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 500 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 501 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 501 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 502 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 502 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 502 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 502 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 503 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 504 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 505 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 506 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 506 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 506 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 507 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 507 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 508 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 508 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 509 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 509 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 509 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 509 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 510 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 512 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 513 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 514 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 514 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 515 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 515 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 515 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 515 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 515 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 515 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 516 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 516 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 517 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 518 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 518 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 518 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 519 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 521 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 521 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 522 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 522 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 522 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 522 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 523 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 523 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 524 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 525 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 525 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...

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