Results

Tom Winnifrith Bearcast - the critical conflicts of interest that doom AIM to fail

Published 34 days ago

In this bearcast I look at what a dismal failure AIM has become and examine the inherent conflicts of interest which make such failure ( for investors) inevitable. I reference Management Resource Solutions (MRS), Daniel Stewart (DAN), African Potash (AFPO), Arden Partners, Paul Shackleton, Naibu (NBU), Cantor Fitzgerald, Sefton Resources (SER), SP Angel, BlueJay Mining (JAY), Vialogy, Yourgene (YGEN), Quindell (QPP), Globo (GBO) and more. If you enjoyed this how about becoming a hero and donating to rogue bloggers for Woodlarks TODAY HERE

BREAKING: Winnileaks exposes the monster lie Management Resource Solutions told to its Nomad and AIM

Published 38 days ago

If an AIM listed company lies to its Nomad and to the market the Nomad should quit on the spot. Thanks to Winnileaks we bring you an email exchange below which shows that Management Resource Solutions (MRS) told a monster lie this week. The end should be nigh. I have alerted the Nomad, AIM Regulation and the FCA.

Management Resource Solutions – an open letter to Nomad Arden: suspend the shares NOW!

Published 53 days ago

During the weekend in three separate articles I have detailed what an insolvent can of worms is AIM Cesspit listed Management Resource Solutions (MRS) and asked questions that need answering about its latest £1.32 million all share acquisition. The company has failed to answer the matters raised and its shares have plunged another 25.4% to 2.35p today. I have thus written to Nomad Arden demanding that it suspend trading in the shares at once and why. The letter is below. 

Tom Winnifrith (bad language special) Bearcast: Daniel Stewart & Pinsent Masons in the dock (Christmas comes early)

Published 109 days ago

There is a lot of bad language in this podcast.  Do not play it in front of the children. In it I cover Naibu (NBU), Daniel Stewart (DAN) and Pinsent Masons (WANKERS) and the latest from their legal battle. I look at TrakM8 (TRAK), Angus Energy (ANGS), UK Oil & Gas (UKOG), Flybe (FLYB), and AIQ (AIQ).

Tom Winnifrith Bearcast: KPMG, Grant Thornton, Pinsent Masons - you are corporate scumbags but its not you but your employees that enable fraud

Published 110 days ago

Covering Quindell (QPP), Naibu (NBU), Patisserie Holdings (CAKE), Staffline (STAF), Sefton (SER) and more I look at the role of auditors and lawyers in enabling corporate fraud and what needs to change to stop this.

ShareProphets China AIM 'Filthy Forty' performance update – post half-year & Naibu fraud update edition

Published 318 days ago

Following the half-year point and China AIM fraud Naibu – NEDs who failed & took their geld now take Pinsent Masons & Daniel Stewart to Court earlier today, here's a ShareProphets China AIM 'Filthy Forty' performance update...

China AIM fraud Naibu – NEDs who failed & took their dosh now take Pinsent Masons & Daniel Stewart to Court

Published 318 days ago

At the last AGM of Naibu (NBU) before it was booted off the AIM casino I attended its AGM, held at the offices of its Nomad Daniel Stewart, and accused the company of fraud.  Only the NEDs were present - Chinese executive directors failed to show. As I asked about a loan to the CEO’s mum that had not been repaid, the NEDs said they were unaware of this.  I pointed out where the loan was referenced in the annual report and the NEDs said they would go away and investigate. They did not. Only when they stopped getting paid did these useless upper class twits start to ask questions. Wind forward to today and it is time to shift the blame.

Haydale: “Strong Commercial Progress”? No - Red Flags ahoy, it’s a pre-placing ramp.

Published 339 days ago

AIM-listed Haydale (HAYD) has offered the market an RNS this morning describing “Strong Commercial Progress”. Bearing in mind the profit warning of last week, and the inevitability of another bailout placing one wonders if this marks the appearance of pastures new in the distance, or whether it is just a pre-placing ramp.

Tom Winnifrith Bonus Bearcast - Pinsent Masons & Daniel Stewart sued for £180m over the Naibu fraud I exposed - happy days

Published 350 days ago

Pinsent Masons was at the heart of the dirty tricks campaign Sefton Resources (SER) waged against myself and Brokerman Dan Levi as we exposed wholesale lying and fraud. Pinsents was thrashed in Court when Sefton sued us for libel. Scumbag low life motherfucker Pinsents partner Russell Booker was never disciplined so I guess it thinks dirty tricks against journalists are okay. Daniel Stewart (DAN) also sent me lawyers letters but never accepted my kind offer to "see you in Court bitchez", Anyhow the two are being sued for £180 million for their negligence over the Naibu (NBU) fraud I exposed HERE. I discuss that but also why Paul Scott should apologise to 6,000 House of Fraser staff losing their jobs in this bonus podcast.

Folli Follie - Greek Press reports criminal charges on the way, Gabriel Grego comments

Published 362 days ago

The suspension of shares in Folli Follie on Friday because, after three weeks, it was unable to verify its claimed cash balances is surely the beginning of the end. The Greek Press is today reporting that criminal charges for the bubbles in charge are on the way - see HERE. I like to think I played a small part in its downfall and really enjoyed my doorstepping last week. But the architect of this exposure is my pal Gabriel Grego of QCM although it is only a matter of time before Dan "snot gobbler" McCrum at the FT takes full credit. Gabriel has now commented on the latest news. It is a considered piece. He writes:

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

Published 653 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.

Notes from Underground: On fire but not getting burnt

Published 698 days ago

The standout story of the week is Tom Winnifrith - the shares that are my 18 holdings: the non dirty dozen and a half which not only takes the top spot, it only went up yesterday and easily blew past every other story as it was Tweeted and passed around the bulletin boards. It can be crazy when a story catches fire like that.

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

Published 701 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.

Cloudtag AGM: rats jump ship, Lyin' Amit lies again and no mention of (lack of) cash - what's not to like?

Published 757 days ago

Fraud Cloudtag (CTAG) may have been booted off the AIM Casino but in the few months before insolvency the comedy continues. The company has held an AGM the highlight of which was news that the 2 NEDS Tony Reeves and Jerry Bereika have resigned. Lyin' Amit Ben Haim says that the a search for new directors with the requisite skills to match the Company’s future requirements is underway. Hmmm what would that skillset be?

AIM Fraud Odd one Out Contest results

Published 809 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.

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

Published 836 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. 

Roland "Fatty" Cornish's Christmas Carol Part 1

Published 882 days ago

It was the night before Christmas and Roland "Fatty" Cornish, a man widely known as the worst Nomad on the AIM casino staggered across the threshold of his £3 million luxury mansion in Chiswick. For the sake of Mrs Cornish he pretended that the stagger was because his chubby little arms were full of presents. The reality was that he had just enjoyed his final meal of the year at his favourite City restaurant, le Corchon Évitement fiscal.

2016 in review: our top 30 articles and Tom's ten most read non financial pieces

Published 883 days ago

As the year draws to a close it is only natural that we look back on the past twelve months. And it has been twelve months of achievement. It is a great achievement in that our writers have continued to write exactly what they want without any editorial interference. So Cynical Bear & Gary Newman have knocked shares I own. So what? We really do support free speech.  And it has been a year when we have "dealt with" more frauds and lies on the AIM casino and the main market than ever before. That really is the USP of ShareProphets.

Lost money on China Frauds Naibu, China Chaintek, JQW & Camkids - here's a mad idea

Published 920 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.

Dear Aunty – about that AIM Fraud radio programme last night…..

Published 968 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?

The Chairman's Blog 15: Sir Benjamin Dover of Global Mining Endeavours is on a short list for the AIM Awards

Published 973 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 fifteen....

China AIM Frauds A problem of Regulation – Reader Comment

Published 1186 days ago

ShareProphets has been following the fortunes of forty companies on AIM which had China connections of one form or another – so far eighteen have departed (most of those because the Nomad resigned, others for failing to publish accounts and a small number just decided to delist). It is a shocking record, as is the aggregate share price performance of those 40. I am drawn to a reader comment from Andy (referring to one F40 member) which, I think, sums up the problem now facing the regulators.

F40 Taihua – Oh Dear: time for the Walkers?

Published 1218 days ago

Tom Winnifrith has already raised a few awkward questions about ShareProphets AIM-China Filthy Forty play Taihua (TAIH) HERE when he discussed how a profitable company (from China) with net cash of £2.5 million (as at June 2015, so we are told in the Interims) is only valued by the market at about £1 million. Yesterday saw a statement which brought to mind the now executed F40 company JQW. It all rather suggests that there is no earnings visibility and as such I would suggest that the stock could well be worthless.

Get your free copy of 49 Red Flags by Tom Winnifrith today

Published 1229 days ago

The Naibu (NBU) Neds have now admitted my fraudbusting was spot on (HERE), The FRC has thanked me for alerting it to Quindell (QPP) frauds (HERE) and so 2015 was a great year of Red Flag spotting for me. Earlier in the year year I published an ebook, dedicated to fraudster Robert Simon Terry, flagging up some of what I look for in Companies that commit FRAUD - "49 Red Flags". If you would like a free copy sent to you today just fill in the form below.

Notes from Underground - That's a wrap, 2015

Published 1237 days ago

In the past seven days, 42,201 unique readers read 76,973 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.

Reader Poll - who was the biggest stockmarket villain of 2015?

Published 1238 days ago

We have featured a range of total wrong'uns on these pages during 2015 but who do you think was the biggest stockmarket villain of the year?  Rob Terry for the Quindell fraud but also for his Knob Park antics at Imaginatik and Daniel Cesspit or was he the 2014 villain? David Lenigas for the fiasco at Lenigas Cuba and the disgraceful antics of Afriag as well as the Horse Hill fiasco? Peter Landau for finally getting his comeuppance? Criminal and liar Chris Oil who surely gets his collar felt in 2016? Naibu's Houyan Lin? What about Costis from Globo? The AIM Casino short list is in fact a depressingly long list but you can vote from the dirty dozen I have shortlisted below. Deadline midnight 3rd January

I agree with Paul Scott - all quoted stockbrokers are a sell

Published 1243 days ago

Paul Scott disappointed his army of fans with a refusal to pen a drunken 3 AM blog this Christmas. Shame. Shame. Instead he penned a very sober slating of the quoted brokers prompted by the profits warning from Panmure Gordon (PMR). I have been saying for ages that this sector is uninvestable and but Paul puts it far more clearly.

Get your free copy of 49 Red Flags by Tom Winnifrith in time for Christmas reading

Published 1248 days ago

The Naibu (NBU) Neds have now admitted my fraudbusting was spot on (HERE), The FRC has thanked me for alerting it to Quindell (QPP) frauds (HERE) and so its been a good year of Red Flag spotting for me. Earlier this year I published an ebook flagging up some of what I look for in Companies that commit FRAUD - "49 Red Flags". If you would like a free copy sent to you in time for Christmas just fill in the form below.

The fraud Naibu - the NEDS report back - sheer 100% AIM Casino comedy

Published 1255 days ago

Our coverage of the AIM Casino fraud Naibu (NBU) was detailed and we called it out as a fraud openly more than six months before its shares were suspended. Staff at Daniel Stewart (DAN) knew it was a fraud and did nothing. The NEDS were in denial when I ambushed them at the AGM - HERE. The NEDS and Daniel Stewart staff were a bunch of upper class twits who patronised me and failed investors. But now it is mea culpa time. The hooray Henry's who took the Naibu shilling as NEDS have today published a full update on what is going on. It is horriffic reading.

Naibu - non-executive director update a further reminder of China investment peril

Published 1255 days ago

With the company’s shares having been suspended and then cancelled from AIM in the first half of this year, the non-executive directors of Naibu have updated on developments. Unsurprisingly, things ain’t looking good! …

Struggling for small talk ideas at the Daniel Stewart Christmas Party - a few one-liners to try

Published 1262 days ago

Maybe you have no shame and will tonight be attending the Daniel Cesspit (DAN) Christmas Party but are worried that you might struggle to make small talk with its useless boss Peter Shea and his dwindling numbers of staff? Fear not, just for you, here is a cut out and keep 13 handy one liners to use. There is no need to thank me, in the season of goodwill I'm just trying to help.

JQW – filthy forty profit warning as operations remain suspended

Published 1292 days ago

ShareProphets AIM-China Filthy Forty poster-boy JQW (JQW) has this morning issued a profit warning as the suspension of operations imposed by the Chinese authorities over advertising and pyramid-selling rule-breaches continues. Surely it is only a matter of time before the shares are suspended.

Monday Caption Contest: RIP AIM ...it was fun while it lasted

Published 1298 days ago

What is today's biggest disaster on the AIM Casino? Caza, Stellar, one of the Del Boy Lenigas stable? China fraud Geong? take your pick. The Casino is not fit for purpose. Surely the day of its demise looms. And on that note we ask you for suitable captions for the picture below. For what it is worth my entry is:

Filthy Forty (and others) - who is passing these as fit for UK markets? Part 2, a shocker!

Published 1304 days ago

In Part 1 Graham Chester examined the role of the Reporting Accountant when bringing a China play to the Casino. In Part 2 it is time to look at some of the players involved. What better place to start than at Team Stevens, now at the fine firm of Crowe Clark Whitehill – auditor to quite a portfolio of Filthy Forty companies, and a few more besides. Watch the scores-on-the-doors here in terms of share price performance: it is shocking stuff.

Prevention of Fraud and/or Error: are auditors a pointless waste of money?

Published 1305 days ago

The Globo (GBO) scandal brings up the issue once again of what an auditor is there to do. Yesterday’s admission that, essentially, Globo’s accounts could not be relied upon suggests that there has been a massive failure. Auditor there: Grant Thornton. But Globo is by no means the only case of investors being misled as to the true picture in a company’s accounts.

Updated: Has Galasys just stepped on to the China Norfolk conveyor belt to oblivion?

Published 1310 days ago

Update: AIM-listed Galasys is not one of the ShareProphets AIM-China Filthy Forty although it should be. Registered in Jersey but operating in Jiangsu Province (as per JQW) Galasys (GLS) looks to be an AIM-China stock to have slipped our net. Thank you to Prophet Yomo for pointing out the small slip-up. This morning it announced the departure of its Chief Financial Officer, who is stepping down from the board and leaving the company. A non-board interim CFO is being appointed. We are also told that a NED has already left the board. No explanation is offered for either departure and, indeed, we are not even told the effective date on which the CFO goes. Oh dear – is this the first step on the China-Norfolk path to oblivion being taken by Galasys?

Caption Competition result - in honour of Xavier "L'Autruche" Rolet

Published 1314 days ago

On Friday captions were invited for the following picture, in honour of Xavier L'Autruche Rolet in the wake of yet another departure from the Casino by one of the Shareprophets AIM-China Filthy Forty.

Global Market Group: finally the undead corpse is put out of its misery

Published 1338 days ago

Finally at 5.34pm tonight came the announcement that a wooden stake had been driven through the heart of the undead corpse that was AIM-China play Global Market Group (GMC). Having been without a Nomad for a month and two days, AIM Rules demanded that the shares be cancelled from trading after a month. So I guess the formal announcement that Global Market is off the Casino is only two days late. That’ll be the tenth delisting from the ShareProphets AIM-China Filthy Forty.

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

Published 1351 days ago

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

ShareProphets Filthy Forty – Which country of incorporation has had the greatest rate of China-AIM ejections?

Published 1369 days ago

The ShareProphets China-AIM Filthy Forty reveals the most shocking statistics of losses for investors, demonstrable frauds and companies being booted off the Casino – see HERE. But which country of incorporation and which regulator has seen the highest rate Filthy Forty AIM-China expulsions?

The China AIM Casino Filthy Forty is launched – be shocked

Published 1378 days ago

We today launch the China AIM Casino Filthy 40 – a way of tracking what a fraud ridden mini cesspit this is. The findings and the tables below will truly shock you and shows what fantasists the idiots running the London Stock Exchange are.

Is the fair Isle of Jersey the preferred route for China Norfolks to get onto AIM?

Published 1378 days ago

Jersey Finance is terribly keen to get Chinese companies to register in Jersey and list their shares on the London Stock Exchange, notable on the AIM casino. What a marvellous set-up they offer: it is the jurisdiction of choice for corporate entities seeking to list, one fifth of Chinese companies listed in London are registered in Jersey, there is political and economic stability, a sound regulatory reputation and, of course, Jersey Finance has a representative office in Hong Kong (since 2009) just to ease things along. What’s not to like? 

The FRC pans Crowe Clark Whitehill ( audit pal of choice for the China AIM fraudster) in its latest review

Published 1379 days ago

Crowe Clark Whitehill is the UK auditor of a number on AIM casino china frauds and its associate in Fujian, Crowe Horwarth Associates really gets fingers dirty. We know that the blatant long term fraud at Sorbic (booted off the casino), Naibu (booted off the casino) and Camkids (soon to be booted off the casino) as well as at Jiasen and JQW totally escaped its attention. In light of that we bring you the latest Financial Reporting Council review of Crowe.

Red Flags at Night: China Chaintek – ShareProphets RNS Translation Service explains a trading Statement from a FRAUD

Published 1380 days ago

Yesterday, bang on the button of market closing time, AIM-listed China Chaintek United Company Limited (CTEK) enhanced its credentials for member ship of the Norfolk province of AIM with a trading update. This was nothing to do with keeping investors updated as the numbers are sheer fiction. It was a panicked attempt to stem a share price collapse.

A 60% fraud rate for Crowe Horwath Associates on the AIM casino – Enquiry & suspensions needed now!

Published 1381 days ago

Auditors Crowe Horwath Associates have performed the local audit for five China AIM casino companies and at three we have already seen wholesale fraud as purported cash balances either were made to disappear or never existed at all. The Financial Reporting Council, FCA and the oxymoron that is AIM Regulation need to act NOW and shares in Camkids (CAMK), Jiasen (JSI), and Asia Ceramics (ACHP) must be suspended at once.

The 2015 AIM Awards October 8, ShareProphets translation Service

Published 1381 days ago

On October 8th 1300 men and women in black tie and pretty frocks will gather for the annual AIM awards dinner in London. Seats cost c£150 each but who cares, it is you dear mug punters who are paying. The website is a hoot.

The Camkids FRAUD – An Open Letter to Cairn Financial and AIM Regulation – suspend shares in JQW NOW!

Published 1381 days ago

Yesterday we demonstrated quite clearly (HERE) why Camkids (CAMK) has committed accounting fraud and why the statement of yesterday just does not add up. We have been saying that this company is a fraud for months and months and that is now clear to all. The local auditors of Camkids and the now delisted fraud Naibu acted for three other AIM stocks, one of which is JQW (JQW).  The other was Sorbic International, a now delisted fraud. JQW is also a fraud and we call for an immediate suspension of its shares as well.

China Fraud on AIM – the stench of Zedex

Published 1381 days ago

I warned folks about Zedex on 16 September 2014 – it is the unregulated boutique that specialises in floating frauds and investment car crashes from China on the AIM Casino. I now update that piece in light of recent events at Camkids and Naibu, both proven Norfolks. I warn you, next up for share price evaporation is China Chaintek (CTEK).

The Camkids FRAUD – An Open Letter to Cairn Financial, Beaufort and AIM Regulation – suspend shares in Jiasen NOW!

Published 1382 days ago

Earlier today we demonstrated quite clearly (HERE) why Camkids (CAMK) has committed accounting fraud and why the statement of yesterday just does not add up. We have been saying that this company is a fraud for months and months and that is now clear to all. The local auditors of Camkids and the now delisted fraud Naibu acted for two other AIM stocks, one of which is Jiasen (JSI). It is also a fraud and we call for an immediate suspension of its shares as well.

The Camkids FRAUD – An Open Letter to Allenby Capital and AIM Regulation – suspend the shares NOW!

Published 1382 days ago

Earlier today Nigel Somerville and Tom Winnifrith demonstrated quite clearly (HERE) why Camkids (CAMK) has committed accounting fraud and why the statement of yesterday just does not add up. We have been saying that this company is a fraud for months and months and that is now clear to all. Now it is time for Nomad Allenby to show principle and quit on the spot and if it is so desperate for fees that it will not for AIM Regulation to force a suspension. We explain why in this open letter: 

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

Published 1382 days ago

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

Get a free copy of Tom Winnifrith's 49 Red Flags dedicated to fraudster Rob Terry TODAY

Published 1394 days ago

Tom Winnifrith's most recent book, 49 Red Flags is dedicated to Mr Robert Simon Terry of the fraud Quindell (QPP). With the SFO and FCA now investigating Terry and Quindell, Tom's painstaking analysis was vindicated. The expulsion of Gate, Naibu and Sorbic from AIM further vindicated Tom's analysis. His most recent book is a guide to how to avoid over-promoted and fraudulent companies on AIM and the LSE. Order it today for immediate delivery of a FREE copy of "49 Red Flags".

China New Energy – another Norfolk on AIM, or just a POS?

Published 1398 days ago

AIM-listed China Companies with characteristic Red Flags seem to be coming thick and fast as featured articles here on ShareProphets. Tom Winnifrith was on record some time ago saying that any Chinese company listed on AIM was an automatic bargepole, and with good reason. We’ve had Naibu (NBU) and Sorbic International (SORB) already given their marching orders by AIM, after spending over month looking for a new Nomad. Indeed, with Naibu’s CEO jailed and evidence that the cash it claimed to have was all fiction, and Sorbic’s rather more straightforward situation that the CEO ran off with the cash and the assets (and the Chinese authorities seem reluctant to intervene) it is hard to avoid the conclusion that these were just plain, abject frauds from top to bottom. 

Breaking: Lenigas Cuba raising £3 million at 2p TODAY, ahead of 5p IPO but not on AIM

Published 1401 days ago

And we are off again with the next Big Dave Lenigas fund raise. This time it is Lenigas Cuba where books will close on Friday on a pre IPO funding raising £3 million (or a bit more) at 2p. Heck I know I’m on sabbatical but I thought I’d share this scoop with you.

Aquatic Foods Group plc – yet ANOTHER AIM-listed China Norfolk?

Published 1402 days ago

On Monday AIM-listed Aquatic Foods Group plc (AFG), a Jersey-based holding company with its main assets in Shandong Province in China, held its AGM. Ahead of that gathering it was announced that Mr John McLean (hitherto the Deputy Chairman and Senior non-Exec) had withdrawn his candidacy for re-election to the board. Red Flag? Read on (especially if your name is Xavier Rolet, CEO of the LSE).

Formal Request to FRC, FCA and AIM Regulation to investigate Daniel Stewart

Published 1404 days ago

I have this morning from the train contacted the Financial Reporting Council, AIM Regulation and the FCA regarding the 2012 and 2013 accounts of Daniel Stewart PLC regarding the issue I raised yesterday HERE. It has long been my contention that DS is not fit to be a listed company and in that spirit I have asked that its accounting which appears, at best, to be aggressive, be formally investigated. The letter follows.

Jiasen – circling the plughole of AIM Casino Death: FD Quits

Published 1404 days ago

China fraud Jiasen (JSI) floated at 82p a year and six days ago. The shares are now 4.5-5.25p following news that the Chief Financial Officer Kian Tan is set to walk the plank within weeks. The shares now trade on an historic yield of almost 50% and at an 80% discount to stated net cash and on a PE of 0.3 if you believe the numbers. I do not. They are pure fiction. Jiasen is circling the plughole of AIM casino death as I flagged up again yesterday HERE.

Daniel Stewart & Naibu – more truly shocking detail: the £16 million stink gets worse

Published 1404 days ago

Naibu (NBU) was a fraud from the day it joined the AIM Casino in April 2012 thanks to disgraced Daniel Stewart (DAN) but a careful analysis of the subsidiary accounts of the City Crony Capitalists shows the stink is even worse than we imagined.

Resisting the Temptation to Gloat. Who is Next? Avanti Communications?

Published 1406 days ago

I am not a great one for gloating, but as I head off for the summer holiday, it is with a certain satisfaction that I note that four of the stocks that I have covered extensively here over the last year are currently suspended.

Why the London Stock Exchange is actively recruiting more China Norfolks for AIM

Published 1421 days ago

The growing scandal of blatant China frauds on AIM continues. What have the authorities done about it? Certainly, nothing to reassure. As I shall discuss, the London Stock Exchange is playing with fire.

JQW – CFO walks: have the rats started to desert the s(t)inking ship?

Published 1422 days ago

AIM-listed JQW plc (JQW) – one of the Fujian four, from Fujian province in China announced its AGM result today, as well as the departure of Chief Financial Officer, Mr Kooi Wei Boon. Under normal circumstances, the FD departing out of the blue would not be taken well – and, indeed, JQW saw its shares slide 14% on the news – but given the general level of suspicion surrounding AIM-listed China frauds this is most unsettling news for anyone mad enough to be holding this stock. 

News from the Norfolk Province of AIM - Sorbic International plc

Published 1423 days ago

Hot on the heels of Tom Winnifrith’s prediction that GATE would be the next China fraud to follow Naibu through the AIM exit door followed by Jiasen (JSI), we had news from JQW (JQW) (more to follow on that one later) and the already suspended Sorbic (SORB). The latter will provide stiff competition to Gate Ventures (GATE), as it announced in its interims that since the resignation of Finncap as Nomad on 16 June, no Nomad had been willing to replace Finncap and accordingly Sorbic is likely to depart AIM on 17 July.

Rurelec – Results, Board Changes, Disposal, Loan Facility. But there is an elephant in the room!

Published 1433 days ago

Friday saw a barrage of RNSs from Rurelec (RUR) – five in all. 2014 results were not a pretty sight, with the main event having been the compensation the company finally received after Bolivia nationalised some of its assets. I’ll spare you the details other than to say that the final figure received - $31.5m - was rather less than total of $41m awarded by the Permanent Court of Arbitration, which was itself a massive haircut for the company. Having covered a previous RNS from May which was splattered from top to bottom with Red Flags, it comes as little surprise that Friday’s news was hardly awe-inspiring, with the shares closing off by 11% . 

Camkids AGM Q&A - the killer admission

Published 1442 days ago

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

Bulletin Board or Twitter Moron of the week #22 - in honour of Camkids

Published 1447 days ago

Camkids is capitalised at £12.5 million. It claims to have increased its cash pile by £9 million to £40 million last year and to be profitable and generating cash. Yet it cannot afford a £1 milluion dividend. Sound a bit Naibu-esque? Oddly it is from the same China province (Fuijian) and is engaged in the same business, fraud. Ooops we meant making shoes. And there are still folks who think its shares are cheap. In their honour we bring you this week's Bulletin Board moron contest.

China fraud JQW - Chinese investors dumping shares illegally - why is Nomad Cairn NOT quitting

Published 1451 days ago

Does Nomad Cairn have a shred of inegrity? If it does why has it not quit the JQW(JQW) account as yet again it has emerged today how Chinese investors have totally ignored AIM rules as they screw mug punters in the UK.
By way of background JQW is capitalised, at 10.25p, at £19.6 million. According to the Norfolk it generated a calendar 2014 profit after tax of £14 million and increased its cash position during 2014 by £5 million to £39 million. So why on earth would anyone be selling?

Bulletin Board Moron of the week 21 winner - Xavier Rolet of the LSE wins hands down

Published 1453 days ago

Mr head in the sand, I see no China frauds on AIM, Mr Xaviet Rolet is today crowned Bulletin Moron of the week Despite fierce competition from the LSE Asylum. Nigel Somerville spotted this classic statement of denial from Mr Rolet:

Bulletin Board Moron of the week #21 - in honour of the imbeciles who run the London Stock Exchange

Published 1454 days ago

Earlier today I revealed the full scale of the fraud that is Naibu. I also revealed that the LSE wants to get more China frauds, oops, I mean companies on AIM as it insists that there is no problem at all, Suddenly the board of the London Stock Exchange are starting to make posters on the LSE Asylum look like a bunch of Nobel prize winners. In that vein we honour the chaps at the London Stock Exchange with this week's Bulletin Board Moron contest.

Who do you think you are kidding Mr Jiasen, you're 'avin' a bubble

Published 1458 days ago

Jiasen International (JSI) a company making wooden doors which claims to be able to buck all macro economic trends and operates in the fraud hotspot of Fujian province China has noticed that its share price has collapsed to just 19p - down from a July 2014 IPO at 82p.

London Stock Exchange – China Frauds and New World: how many more failures will it take? Heads must roll

Published 1459 days ago

Xavier Rolet thinks he is delivering great things to all people on his watch as CEO of London Stock Exchange plc. His board would have us believe that. Marcus Stuttard thinks he is the sheriff of AIM. They extol the virtues of London’s junior market. We are told of how they have raised billions for smaller companies, and how this has added billions to GDP. Well that is just rubbish: what about the billions of pounds that investors have lost on AIM? AIM is a failure.

Naibu - the smoking guns that show it was an AIM fraud from day 1

Published 1460 days ago

Naibu (NBU) joined the AIM Casino on April 5 2012 and from that day to the bitter end it always insisted that it had zero debt and cash of c£40 million. That was, as I shall demonstrate below, one monstrous lie. And this now brngs to the fore the whole issue of all the other China frauds on AIM claiming to be drowning in cash and debt free and the pathetic regulation of this whole shambles.

Tom Winnifrith BearCast - Naibu I now have the smoking gun

Published 1461 days ago

I have some frigana to poison, some snakes to encounter and after that swimming and a late lunch with the Mrs at Kitries which is a small seaside town in the Mani that I would recommend to anyone. After that or perhaps tomorrow I shall publish the smoking gun on Naibu (NBU) demonstrating that its claim to have lots of cash and no debt was a slam dunk lie from the IPO onwards. This was a fraud and it was one that its Nomad (Daniel Cesspit), accountant (Clark Whitehill) and lawyers (Pinsent Masons) should have and could have spotted. So who should get sanctioned and what should the LSE do about other China Norfolks on AIM now? Amazingly I also have breaking news from the LSE about China which will horrify you all.

Peace & Love with #MancSlumBoy Brokerman Dan - but PLEASE continue to call for boycott

Published 1462 days ago

A long chat with Brokerman Dan, the crony capitalist resident of the Manchester Slums this morning has resulted in a new declaration of peace in our time. We only await his ordering of a nice big celebratory cake from Northern Ireland for the deal to be sealed. We still disagree on a few things, notably the actions of market abuser Chris Oil.

Tom Winnifrith Bearcast Special - Its China fraud day

Published 1463 days ago

Naibu, Jiasen and over in Germany Joyou, it is all happening on the China fraud front. The London Stock Exchange's attitude and inaction is a disgrace. If you still own shares in JQW, Camkids, Jiasen, Chaintek or Asian Citrus you are bonkers. A short bearcast covering the day's events and a meeting with a feral cat.

Rurelec plc – Red Flags at Night, Shareholders’ fright

Published 1470 days ago

It is always worth a gander through the after-hours RNSs to see what is being slipped out when no-one is looking. It is a common way for companies – especially those on the AIM Cesspit – to try to hide bad news from their shareholders. It simply doesn’t work, so why they bother is beyond me. But it is an immediate Red Flag. And that brings me to Rurelec plc (RUR). On Tuesday at 4.30pm – bang on market closing time - it released an RNS entitled ‘Extension of Radix Facility Agreement’. Gosh what an exciting life I lead: I just had to take a look…

Exclusive: How the London Stock Exchange Secretly Screwed investors over Daniel Stewart PLC clients

Published 1471 days ago

In November of 2014 the Qualifying Executives in the Nomad team at Daniel Stewart, led by China fraud specialist Mr Paul Shackleton all quit and it was forced to tell those AIM Casino companies it represented that they needed a new Nomad or would be slung off AIM. I can now reveal that the London Stock Exchange then secretly screwed ordinary investors in order to avoid its own humiliation.

Tom Winnifrith BearCast -May 7th

Published 1477 days ago

Hi apologies for the podcast delay, after a long trek down to the Mani I fell asleep. In this bury bad news on General Election day podcast I look at news from Red Rock Resources, African Copper and a laughable statement from SCS Upholstery. I also cover the China frauds, specifically Camkids and Naibu but also Sorbic, JQW, China Chaintek and Jiasen and have a message for Alan Green about a motorbike upgrade. And I cover New World Oil & Gas

Camkids – Ned walks: the writing is on the wall

Published 1477 days ago

Camkids is widely believed to be another AIM-listed Chinese company which can’t be trusted. Tom Winnifrith is bolder in his view on this one in light of events at Sorbic today HERE. Back to Camkids, with its shares having fallen by 50% over the past two weeks since it failed to declare a final dividend, the stock lower again today at 17.4p as we receive an RNS stating that British non-exec Richard Sweet has resigned with immediate effect. 

Sorbic finally admits CEO has stolen all its cash but it could well be worse at this China AIM fraud

Published 1478 days ago

The London Stock Exchange denies that there is a problem with China AIM frauds. What planet is patrician twit Chris Gibson Smith on? Well it is only dirty little people (aka private investors) who are being cleaned out so who gives a FF anyway, Chris old boy? This brings us to Sorbic (SORB) which today admitted that its CEO has stolen all its money, In fact I reckon it’s worse than that.

More China fraud thoughts post the LSE AGM & Good news on Afren

Published 1483 days ago

Attending the London Stock Exchange (LSE) AGM on Wednesday was a profoundly depressing experience. It was like what one imagines a Communist Party Plenum in some third world country might be like, packed with muscular security and unsmiling jobsworths. Extremely un-British in all respects. A photocopy of a letter from my broker confirming my holding in the company was not deemed acceptable and I had to take a cab ride up the road to get the original.

Sorbic International and Naibu – All is well on the AIM Casino, according to the London Stock Exchange

Published 1484 days ago

This must all just be a complete coincidence. Two AIM China companies have announced the sacking of their head honchos by the non-execs. Both are suspended pending financial clarification. Both have engaged Chinese legal firms to gain control of cash/assets of their respective companies.  Both apparently have plenty of cash, it is just a small issue that the cash seems to be stuck in China.

Another day & Sorbic, another AIM China fraud, suspended as the claimed cash mountain disappears

Published 1484 days ago

Even the thickest mothers on this planet (that is to say the AIM regulation team) must be spotting a pattern by now as another AIM listed China fraud (Sorbic) bites the dust.

Tom Winnifrith Bearcast - 30 April

Published 1485 days ago

The Mrs is finally back from India tonight but her delay is clearly a breach of my human rights. Will any political party remedy this? The podcast refers back to yesterday's bonus China fraud Bearcast on Gate & Naibu (see HERE) before moving into the farce of today's two China Norfolks in the news, JQW and Sorbic. Then there are the lessons we learn from Arria, the Kenmare tale, Optare, Mosman and Ubisense which seems like a POS.

Tom Winnifrith bonus Bearcast - today's developments on the China AIM FRAUDS Naibu and Gate

Published 1485 days ago

We have news today from both Naibu and from gate Ventures, two of the numerous China frauds listed on AIM. In this bonus podcast I translate for you what they are actually saying, point out the chinks in their statements and explain why both frauds will unravel.

London Stock Exchange Refuses me AGM entry as its press office lies – what is it scared of?

Published 1486 days ago

Another day and another day refused entry to an AGM. This time it is the London Stock Exchange. Thanks to its press office for being a bunch of lying wankers – what exactly makes me so scary fellows?

The London Stock Exchange...I’m coming for you on April 29...calling the peasants to arms

Published 1493 days ago

On April 29th the London Stock Exchange (LSE) holds its AGM and this is a call to arms to all you peasants out there, that is to say ordinary decent private investors who have been shafted and screwed by the way that the LSE has mismanaged AIM turning it into a crime infested casino. It is time to hold the Board of the LSE to account.

Who would like to attend the LSE AGM with Lucian and myself on 29th April – half price pizza after

Published 1502 days ago

Ok I am up for it. In response to popular demand I will be coming up to London on April 29th in order to attend the London Stock Exchange (LSE) AGM to give the useless tossers in charge a hard time about fraud on AIM, both Chinese and otherwise. Lucian Miers is up for it, anyone else fancy a bunfight followed by pizza.

Should I go to the London Stock Exchange AGM to ask about China frauds?

Published 1503 days ago

Whaddya think? Lucian Miers reckons that we should both buy a few shares (and this time I will have full documentation) and head along to the London Stock Exchange (LSE) AGM on April 29th to pick a fight over Naibu (NBU) and the other China frauds. Should we go?

Tom Winnifrith’s Sell tips for Easter No 3 – Mosman Oil & Gas

Published 1509 days ago

The competition for which shitty little AIM Casino POS oil stock is guilty of the greatest over promotion of its prospects in 2014 was a stiff one. But among the clear front runners was Mosman Oil & Gas which hyped its dull prospects in Oz and NZ to all and sundry. The shares flew to 44p. They are now 4.75p-5p just days after a “keep the lights on” placing to raise half a Bernie at 5p. This is my third sell tip for Easter.

Tom Winnifrith’s Easter Sell share tips No 1 – Daniel Stewart at 1.35p

Published 1510 days ago

This share price is simply insane. You can defy gravity bit not for long and at 1.35p Daniel Stewart (DAN) is capitalised at £10 million – it is at least 85% overvalued and so is the first of my here Easter short ideas.

The Ukrproduct debacle – another damning indictment of ZAI Corporate Finance – when will it be shut down?

Published 1512 days ago

The latest AIM casino debacle to show London’s worst Nomad ZAI Corporate Finance as not fit for purpose concerns casino listed Ukrainian dairy products group Ukrproduct (UKR) and it is a true shocker.

Reader poll - which will be the next China AIM stock to be suspended as fraud emerges

Published 1521 days ago

I mentioned this in BearCast and it is just a bit of fun. Shares in Naibu remain suspended as the CEO of that fraud Mr Houyan Lin languishes in a China gaol cell. So which will the be the next China AIM stock to be suspended for whatever reason - natch fraud is the most likely reason, Vote now, results tomorrow

When Will The LSE Shut The Gate on China Fraud on AIM? A Job for the Sheriff

Published 1521 days ago

I recently had a rant about AIM fraud Naibu (NBU), pointing out the profoundly depressing fact that it is only when the monthly retainers paid by the fraudsters to the UK non-executives,(in this case Giles Elliott and David Thomas: remember the names) dry up as the last of the money is stolen, that any action is taken: in this case the suspension of the shares and an admission that the CEO has disappeared (apparently he is in prison)

The Vyke fraud, Daniel Stewart & Mr Paul Shackleton again and did the FCA actually do anything about it?

Published 1523 days ago

You may not remember Vyke PLC. It disappeared in 2011 from the AIM Casino and went bust shortly thereafter. But it raised millions of pounds from investors thanks largely to the efforts of disgraced crony capitalists Daniel Stewart – and yes Paul Shackleton of Naibu infamy was involved as his name appears on RNS releases – and it was a fraud. The FCA was alerted but did it do anything? Was Daniel Stewart censured and if not why not? At this stage I pass onto a reader who recounts his experiences:

Daniel Stewart & Paul Shackleton: An Open letter to the FCA & AIM Regulation demanding a Naibu Investigation

Published 1525 days ago

ZAI Corporate Finance & Big Ray Zimmerman are squarely in the frame regarding the fraud Naibu (NBU) but in my view it is former advisor Daniel Stewart and its then lead Qualifying Executive (QE) Mr Paul Shackleton who are most culpable and I have today written to the FCA and AIM Regulation asking that both be investigated and punished most severely for their role in allowing the continuation of a fraud that has cost investors millions of pounds.

ZAI and Ray Zimmerman – more issues of (lack of) due diligence and supervision by the worst Nomad on AIM

Published 1526 days ago

Yesterday’s shock revelation by Tom Winnifrith HERE  that Ray Zimmerman’s ZAI Corporate Finance had been on the receiving end of an 80-page reprimand for its failures as a Nomad in due diligence and monitoring of its clients was stunning.

Breaking: Ray Zimmerman and ZAI – the 80 page reprimand revealed and now a call to AIM Regulation for strike off

Published 1526 days ago

It is no secret that ZAI Corporate Finance run by big Ray Zimmerman is the worst Nomad in London. If no-one else will represent a client, Big Ray steps up to the plate but I can reveal that this has already landed him in the soup big time with the regulators and I now urge the FCA and AIM Regulation to shut him and his company down for good in an open letter.

Nominate your NINE stockmarket villains or buffoons of the past 12 months – its for UK Investor Show

Published 1529 days ago

All will be revealed in due course but this is going to raise money for Woodlarks, will be a lot of fun at UK Investor Show and I ask for your help. Simply nominate your top nine stockmarket knaves or buffoons of the past 12 months – all must be from different companies or organisations. For starters here is mine:

China Chaintek Results – a Norfolk is ‘avin’ a bubble

Published 1529 days ago

Results from AIM casino listed China Chaintek (CTEK) today are risible. The logistics company is based in fraud central Fujian and is represented by London’s worst Nomad, ZAI Corporate Finance which managed to do full due diligence on the fraud Naibu (NBU) even though its CEO was in jail at the time. Enough Red flags for you? You want more? 

Rangers – King whacks Ashley but Big Questions Remain & Heads Must Roll

Published 1538 days ago

I am delighted to see that 85% of shareholders in rangers FC (RFC) voted at the EGM to boot out the Ashley patsies and vote on the Dave King slate as directors. But there remain a series of questions about the club’s future on AIM and also about the behaviour of disgraced advisers WH Ireland and Newgate Communications.

Tom Winnifrith BearCast - 2nd March

Published 1544 days ago

A pretty wide ranging podcast today but the theme is denial with a dose of China rubbish. I cover Worthington, Afren, Coms, Edenville Energy, Solgold, Craven House, JQW, Jiasen, Qihang, Naibu, China Chaintek, Camkids, Beowulf and more.

Exclusive: A second CEO of a China AIM firm also under arrest – but the Casino wants more China IPOs

Published 1544 days ago

I revealed yesterday how Houyan Lin of Naibu (NBU) has been rotting in prison since November 2014 yet his AIM casino shares carried on trading till January 9 2015 and there has been no RNS. Despite this – as I revealed a week or two back, AIM is working to get more China companies to list on the casino. Think again fools, now I can tell you about a second AIM CEO from China who has been arrested.

A song from Tom for Doug Ware of Worthington, Rob Terry of Quenron & Houyan Lin of Naibu

Published 1544 days ago

Doug Ware of Worthington tried to bully me into not exposing his company as a top to bottom fraud with letters from his ninth rate lawyer, smears on his corporate website and by calling in the Police. Doug you picked on the wrong man. Folks round at Daniel Stewart threatened to beat me up partly because of what I wrote about Houyan Lin, Naibu and the other Daniel Stewart China frauds. They picked on the wrong man too. And so here's a song for you both and for Rob Terry of Quenron who played the same game. And for all the Bulletin Board Morons out there who smear, harass and threaten me.

The Worthington Fraud shocking part 22 – Pension Fund Cash used to repay money Aiden Earley & Craig Whyte took from Worthington

Published 1544 days ago

The contents of this article have had to be withdrawn – on a temporary basis because of an interim injunction granted to Mr Aiden Earley. We are appealing this matter as we believe that the activities of this convicted crook and disqualified director, and shadow director at Worthington, merit a wider audience. If you can make a small contribution to our rapidly growing legal bill to ensure that Earley is exposed please do so. Details of why we need assistance and how to help are HERE

Markets, corruption, failure of regulation and how the Establishment reacts to scandal with denial

Published 1545 days ago

I am struck by the similarities between the myriad of scandals on AIM – and now the main market – exposed here on ShareProphets and the various horrendous scandals that we have, as a country, been faced with in recent times. Perhaps it might be seen as a grubby comparison to liken financial wrongdoing to the scandals of abuse with reference to Saville, Rotherham as well as the Hillsborough tragedy. But the similarities are there: the failings are the same and as a country we need to face it.

Exclusive: Which AIM CEO has been in gaol since mid-November? The casino’s darkest hour is now

Published 1545 days ago

Yes you read the headline correctly. The CEO of an AIM listed company has been languishing in prison since mid-November and no-one has been told about it. Two Nomads, the non-execs, AIM Regulation you stand accused of contributing to the darkest hour of the Casino. Anyone who has bought shares since the incarceration you know who to sue. Surely heads must roll?

Tungsten, Naibu & Afren – 3 big bear wins on the way

Published 1551 days ago

The disappearance of the Executive board at Naibu (NBU) will come as no surprise to those who follow my writings. It caused quite a stir in the investment community even making the front page of the FT

China – AIM just does not get it – shocking revelation

Published 1552 days ago

AIM is owned by the London Stock Exchange and regards itself as the junior market for the world. I regard it as a casino and its regulation department headed up by Marcus Stuttard, the self-styled Sheriff of AIM, as the biggest joke in London. I now have a shocking revelation for you which exposes the conflict of interest which will destroy what little credibility the casino still has.

Wednesday caption contest – winner announced

Published 1552 days ago

On Wednesday a reader sent me a photo of a Greek statue with caption perhaps intended for Mr Doug Ware, the CEO of Worthington. I wonder how Mr Ware is getting on consulting with Houyan Lin of Naibu, Rob Terry of Quindell and JimmyLiar Ellerton of Sefton who ran other companies I attacked to see how they can deal with The Sheriff?  I gather Jimmy Liar has a nice mansion in Hawaii – paid for by Sefton Shareholders (minus 99.99%) – perhaps they could all meet up there.  Anyhow I asked you if you could supply an even better caption for the photo below.

Tom Winnifrith Bearcast 18 February - have fled Police in UK now in Greece edition

Published 1556 days ago

I cannot resist making a joke I made earlier about getting past passport control. That and a favour asked of all Bearcast listeners starts today's podcast, delayed because the internet connection from Kalamata is painfully slow. When we get there I shall discuss Naibu, Camkids, China Chaintek, Northern Petroleum (a genuine request to its lamentable board made in the spirit of friendship becuase I am such a nice guy), Alecto, Afren, Frontier Mining, Motive TV and Nighthawk.

Naibu – Comedy and Tragedy – you cannot say I did not warn you

Published 1556 days ago

The statement today from Naibu (NBU) is comedy. This is such a slam dunk fraud I cannot see why we bother pretending otherwise. The tragedy is that with the shares still suspended investors face a 100% wipe-out. I turn to the statement and also to the roll of shame and how this MUST BE CAREER ENDING for some folks if AIM Regulation is to retain any credibility. Are you reading Marcus Stuttard, the phoney “Sheriff of AIM”? The Real Sheriff has a message for you too. Let’s start with the statement which comes after a suspension on January 9 as the NEDS sough clarification of Naibu’s financial position.

Wednesday Caption Contest - Dedicated to Rob Terry of Quindell & Doug Ware of Worthington

Published 1556 days ago

How is Doug Ware of Worthington getting on consoluting with Houyan Lin of Naibu, Rob Terry of Quindell and JimmyLiar Ellerton of Sefton who ran other companies I attacked to see how they can deal with The Sheriff? Perhaps they should all meet up in Fujian to see how they can wield the "sword of truth" together? Despite Doug's best efforts to get The Old Bill onto me I have made it to Greece.  I knew that the false passport that Mossad provided as we jointly organised the global shorting conspiracy would come in handy one day.

99% of Bulletin Board users are not Morons – who am I insulting?

Published 1559 days ago

I stand accused yet again of insulting the entire investment community and of delighting in folks losing money. Au contraire, I delight when Bulletin Board Morons lose money but that is just a small group of those who use BBs.

Five ways to reform AIM – a market veteran writes

Published 1560 days ago

A reader who knows AIM from the other side writes in with some fairly draconian suggestions for reforming the AIM Casino. He clearly knows what he is talking about and I have real sympathy with the points he makes. Will the casino take any of them onboard? Our correspondent writes: 

Tom Winnifrith: Will you support ShareProphets Investigative campaigns against AIM Fraud?

Published 1563 days ago

Last week we learned that the Bulletin Board jihadists had lied to Etihad airlines in order to persuade it not to advertise on this website. It joins Tesco, Waitrose, Hargreaves Lansdown and John Lewis in caving in to the free speech deniers. Speakers at UK Investor Show have also been pressured into pulling out by those who do not support a free press. We will not back down but ask for your support.

Rangers FC: Paul Shackleton – You’d never represent a crook would you, er hang on?

Published 1567 days ago

I shall turn to the matter of the forthcoming Rangers FC (RFC) EGM later but the high-handed statement signed off by its adviser Mr Paul Shackleton of WH Ireland yesterday should be viewed in light of a shock revelation I serve up today about his own actions (or inactions) regarding AIM listed China fraud Naibu (NBU).

Tom Winnifrith: If you support the work this website does, here's how to help us

Published 1573 days ago

We are enjoying a good run on ShareProphets. In January, we have “scalped” three AIM casino stocks which we have been targeting: Naibu, Pressfit and Beacon Hill Resources. Newt Seaman reckons he has TXO and Nigel Somerville is doing heroic work on Andrew "Piggy" Austin of IGAS. My work on the China frauds, Rangers FC and Quenron continues. You want more, we'd like your help and here is how.

An Open Letter to Big Ray Zimmerman of ZAI re his fraudulent client Naibu

Published 1575 days ago

It is now three weeks since shares in Naibu (NBU) were suspended from the AIM casino pending clarification of its financial position, notwithstanding the fact that it claimed to be profitable, cash generative and to have net cash of £32 million – a multiple of its market cap. In light of this I have again written to Big Ray Zimmerman of ZAI Corporate Finance, Nomad to this fraud because the implications of the fraud are severe for not only Naibu but also ZAI, Daniel Stewart (DAN) and the other members of the Fujian four – China Chaintek (CTEK), Camkids (CAMK) and Jiasen (JSI). Plus for good measure JQW (JQW).

Mosman Oil & Gas – are the Kangaroo shagging rampers insolvent yet?

Published 1577 days ago

Aussie based AIM casino listed Mosman Oil & Gas (MSMN) shares were at one stage last year ramped up to 45p on the back of some fairly “aggressive” claims about drilling success. They are now just 4.875p after interim results beg the question of whether this business is insolvent yet? 

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

Published 1583 days ago

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

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

Published 1592 days ago

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

Tom Winnifrith BearCast 11 January - the Naibu and Quindell fraud special

Published 1594 days ago

A bonus podcast looking at my two fave frauds on the AIM casino - naibu and Quindell. The former is now officially toast - a clear kill for me. The latter will be toast. I suggest a bit of chart watching and explain the striking similarities.

Hey Roger Lawson: Mr blinkx “expert” how are your shares doing?

Published 1594 days ago

I have not picked a fight with anyone for a week or so but as its my Birthday tomorrow I thought I’d treat myself and have a go at Roger Lawson from ShareSoc as he has written a piece today that is mean spirited in omission if not content. Journalists like fights and I have been goaded.

The end of squalid China fraud Naibu - who is next?

Published 1595 days ago

As predicted just days ago, I see that the non-executive directors at the squalid China Fraud Naibu (NBU), “experienced” accountant Giles Elliot and “experienced” lawyer David Thomas have extracted their heads from their arses and had the shares suspended. 

Tom Winnifrith Bearcast 9 January - Fraud, Naibu kill, other AIM China stocks & Quindell chairman, PWC & fraud

Published 1596 days ago

Really just a few matters on the agenda in this special prompted by the suspension of shares in Naibu (NBU) today. I have been calling this out as a fraud for a year. I win. I look at the read across to China Chaintek, Camkids and Jiasen, to what it says about ZAI Corporate Finance and its other clients and what it says about any other stock I call out as a fraud. I look at Quindell, rumours about a new chairman, PWC and the fact that it too is a fraud. I also have more to say on the matter of free speech.

Happy New Year At Naibu

Published 1597 days ago

What a surprise: on the first trading day of 2015 Naibu (NBU) announced that it has lost its Finance Director.  After two years as a public company it rather looks like Naibu is shutting up shop and disappearing into the night.

Tom Winnifrith Bearcast 5th January

Published 1600 days ago

The working year starts a proper and I am in a good mood which is bad news for the low life on the AIM Casino. On the agenda today: Enegi Oil, LGO Oil, Iofina, Mosman Oil & Gas, oil stocks, Chris Oil & his share tips, Naibu, Jiasen, Camkids and China Chaintek ( the China Norfolks), Quindell, and - in some detail - Tern.

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

Published 1601 days ago

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

ShareProphets Launches AIM Casino Fantasy Football Own Goal 2015

Published 1617 days ago

The prize will be a champagne meal for two at Real Man Pizza Company or something similar as today we launch the new ShareProphets competition which will run throughout 2015. Welcome to AIM Casino Fantasy Football own Goal. The Rules are simple.

Tom Winnifrith's BearCast - 15 December, Quindell not mentioned once!

Published 1620 days ago

It's a first. A daily podcast not mentioning Quenron (QPP) at all. But for the record its shares dived by 7.2% to close at just 38.5p. Only 38.5p to go to fair value. Instead I discuss Ludorum, Mysale, Naibu, China Chaintek, Enables IT, Ultrasis, Touchstone Gold, Beacon Hill and why I remain an equities bear. However I reveal a very small AIM company in which we have just made a material (for us) investment.

Quindell & Cenkos – when’s the official divorce and share suspension? Soon.

Published 1622 days ago

Last week I revealed that Cenkos, the Nomad to Quenron (QPP) was letting it be known that it was going to quit as Nomad soon (HERE). The Sunday Times today reports that Quindell fall guy – acting chairman David Currie is scouring the City looking for a new Nomad, because without a Nomad the shares get suspended then – a month later – booted off the AIM casino. Our when will Quindell shares be suspended prize sweepstake is HERE The Sunday Times report states:

Tom Winnifrith BearCast 12 December

Published 1624 days ago

I am starting to feel quite ill and am looking forward to getting back to Bristol and heading off to bed with two cats as hot water bottles and a stiff whiskey. That is not a typo, emember my genetic origins. Ahead of that today's podcast exposed Paul Farrelly MP (Lab) as a useless POS, puts the Tories on the spot on AIM regulation and covers Naibu, Daniel Stewart and the new Daniel Stewart (ZAI), Hargreves Services and Quindell. I also look at tech stocks to short: Blur, Wandisco, Mopowered and Outsourcery

Tom Winnifrith's BearCast December 11 - Ready to get beaten up by Daniel Stewart goons

Published 1624 days ago

I am preparing to film a crony capitalism special video outside the "champagne" Christmas party of disgraced soon to be ex Nomad Daniel Stewart. Its staff have publically said they want to beat me up for pointing out that they are wankers who float frauds. Maybe they were lying about that too. I also cover the new Danial Cesspit, ZAI Corporate Finance, Pressfit (DS client), Oracle Coalfieds,Ultrasis, Naibu, IGAS and, of course, Quindell ( a fraud floated by Daniel Stewart).

Tom Winnifrith Bearcast Special - China Frauds, China Chaintek & Daniel Stewart

Published 1627 days ago

A podcast extra today on the Modus Operandi of China frauds, on a trading statement from China Chaintek (CTEK) that simply does not make sense and serious questions for Daniel Stewart and Mr Paul Shackleton who signed off on this bollocks. I also cover Naibu (another Shackleton "verified" fraud and Jiasen which also announced a load of cobblers today. Reminder for investors in Chaintek and Naibu the clock is ticking. Shackleton you are now a marked man , the Sheriff is on your case.

Tom Winnifrith's BearCast - 8 December

Published 1628 days ago

I am in a good mood today. I shall be seeing the Mrs soon and almost as good I get three kills: Quindell, Maple Energy and Cupid. All three are covered as are the next raft of kills: Naibu, Pressfit, China Chaintek and Camkids. Also on the agenda are Enegi Oil and Petropavlovsk

Tom Winnifrith's BearCast - 5th December

Published 1631 days ago

I am in a good mood. The olive pickers are picking and I have a great Quindell article to come. Oh dear. It relates to today's Quindell Quiz. ETA 3 PM ish. Elsewhere I look at IGAS ( a warning for piggy Austin), Naibu, China Chaintek, Pressfit, Stellar Resources, ReThink (a scandal), ValiRx (a dog) and am cheered by the news that someone from Daniel Stewart last night told a colleague of mine that he wanted to beat me up. These folks who float fraud after fraud don't like it up 'em do they?

Tom Winnifrith's BearCast 4th December - Once again Angry Edition

Published 1631 days ago

Once again I am angry for reasons that I shall go into another time. But on that basis I let rip in this podcast at African Consolidated, Acta SPA, Quindell and then review the various clients of disgraced Daniel Stewart whose shares may be suspended soon: Valirx, Peer TV, Naibu (a cert), Pressfit and China Chaintek.I also discuss the abject failure of AIM in dealing with those individuals responsible for listing frauds.

Daniel Stewart – Two clients suspended – who will be next

Published 1632 days ago

As we know Daniel Stewart (DAN) has lost its NOMAD licensed. Not because it floated a series of frauds which it did. But because its staff, its Qualifying Execs have all quit. So the individuals who earned whacking bonuses for floating frauds can now float frauds elsewhere. This is shocking – there is no personal sanction for them. But this means that Daniel Stewart’s PLC clients must now find a new Nomad or they will be booted off the AIM Casino. Carnage ahoy, two down, who is next.

Tom Winnifrith's EVEN MORE ANGRY Bearcast - 28 November

Published 1638 days ago

The Albanian olive pickers have still not arrived and may well be replaced with Greek workers later today. I am now very angry. Will I make it home by Christmas at this rate? In this podcast I look at Range Resources (RRL) - suspended again and reveal the REAL story of my battle to tell you the truth about this POS - Beowulf Mining, Kalimantan Gold, Daniel Stewart, Naibu, Pressfit, China Chaintek, Gulfsands Petroleum and of course the fraudsters at Quindell

Star ex Canaccord analyst Kevin Ashton says Quindell will go bust and more on that note Rob Terry got supressed

Published 1641 days ago

Kevin Ashton, the analyst that Rob Terry of Quindell (QPP) forced Canaccord to sack because he would not advise investors to buy the shares, last night predicted that Quindell would go bust as more details emerged on the note that Terry managed to supress.

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

Published 1641 days ago

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

Tom Winnifrith's Bearcast - 24 November

Published 1642 days ago

The day before the start of the olive harvest is a day full of profits warnings. Tom discusses earnings visibility, the critical reason why AIM is failing, Naibu, Mopowered, Quindell, Verdes Management, Avingtrans, International Ferro Metals, investing in South Africa, Maple Energy. Fitbug and Oilex

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

Published 1642 days ago

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

Weekly Financial Video Postcard #60 - Is the City analyst system totally bent?

Published 1643 days ago

Prompted by the Kevin Ashton, Quindell and Canaccord revelations HERE but also by the pickle Daniel Stewart finds itself in with Naibu Tom Winnifrith explains why the City analyst system is inherently bent and conflicted in this week's video postcard.

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

Published 1663 days ago

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

Reader Poll Sponsored by Daniel Stewart – the race to 0p and/or suspension

Published 1664 days ago

Which is the worst stock on the AIM casino? The one that is heading to 0p and/or suspension most quickly? What do you think?  Vote now in our reader poll. Quite simply which of the following stocks will be worthless first. The ones marked (F) have engaged in fraud and the ones that are marked (D) suffer the massive red flag that is Daniel Stewart involvement, past or present.

Risk on Again. But too late to save Quindell or Naibu

Published 1665 days ago

A few weeks ago I was reflecting on the irony that September 19th , the day of the Alibaba float on the NYSE, was likely to prove the high water mark for the Dow Jones for 2014 and possibly a good few years thereafter. (For those unfamiliar with the Alibaba fable, he was a thief)

Podcast Special with Tom Winnifrith - what does NAV really mean and is it a buy signal

Published 1670 days ago

Does asset backing mean asset backing? Not always 10p can be worth 10p or 5p or 0p - wthout wishing ti sound like Rob Terry - it all depends on what the asset backing comprises. Tom explains this key metric of investment analysis looking at 4 specific companies: Golden Prospect, Naibu, Paternoster Resources and Quindell as well as Mark Slater's share purchases after the bursting of the dotcom bubble

China Fujian Province Shoe Fraud update ref Naibu & Camkids

Published 1671 days ago

I have noted before the remarkable take of Ultrasonic a China shoe fraud from Fujian listed in Frankfurt. It is of note of you are stupid enough to own shares in AIM Casino listed Naibu (NBU) and Camkids (CAMK) which are also shoe plays from Fujian and also frauds.

Reader Poll Results – which of the Bear Portfolio stocks will crash most by Christmas

Published 1683 days ago

At the weekend we updated the ShareProphets Bear Portfolio compiled by myself, Matt Earl, Lucian Miers and Evil Knievil. So far our average sell is down by 18.2% in just over three months. Better days lie ahead. But which of the ten stocks we expect to slump do readers think will crash most by Christmas. You said:

Reader Poll – which of the 10 stocks in the Bear Portfolio will crash most by Christmas

Published 1685 days ago

So far the bear portfolio of Matt Earl (the Dark Destroyer), Evil Knievil (the fat man), Lucian Miers (the Bard of the Boleyn) and Tom Winnifrith (the Sheriff of AIM) is down by an average of 18.2%. Today one stock leaves the portfolio (New World) having duly collapsed and in its stead goes African Mining (AMI) which will collapse. But which of our 10 shorts do you think will slump most by Christmas. The deadline for voting is midnight tonight as things are moving rapidly with at least one constituent.

The Matt Earl, Evil Knievil, Lucian Miers, Tom Winnifrith Summer Bear Portfolio revisited and updated view

Published 1685 days ago

Back in the summer, July 9, the 4 Bears sat down and compiled our top ten shorts for the summer. There has been one disaster – Concha (CHA) – but despite that an average loss (gain for us) of 18.2% per short is not bad. So where do we stand now?

New World Oil & Gas – Roland "Fatty" Cornish pins his colours to the mast of the sinking ship SS POS

Published 1688 days ago

After months of painstaking investigation by our very own Ben Turney, yesterday, New World Oil & Gas (NEW) finally fessed up that it had sent 1 million Euro to a fake Sheikh and will struggle to get it back, admitted that it was in dire financial straits and its broker Shore Cap quit. But it still has one good friend, Roland “Fatty” Cornish. of the fine firm Beaumont Cornish.

Daniel Stewart – Crony Capitalism on the AIM Casino in a Nutshell – new shock revelations

Published 1688 days ago

Yesterday we revealed that while Daniel Stewart (DAN) does not have enough regulatory capital to operate as an FCA authorised firm it has enough capital to plan a lavish Champagne Christmas party (where’s my invite?) HERE. But it gets worse. Much worse. This is crony capitalism in a nutshell.

Daniel Stewart - not enough cash to keep the FCA onside but more than enough for champagne all round

Published 1689 days ago

You could not make this up, Daniel Stewart (DAN) the City Crony capitalists who make their cash from advising firms on the AIM Casino has today admitted that it is truly financially buggered but not so utterly buggered that it can’t afford lavish champagne receptions at Christmas. Having made millions floating Quenron (QPP) and the China frauds Naibu (NBU) and China Chaintek (CTEK) as well as raising cash for blue-chip Globo (GBO) this is a comedy that keeps on giving. 

Daniel Stewart shares still suspended – shock picture from its IPO Department Revealed: Another Caption Contest

Published 1690 days ago

Shares in Crony capitalist Nomad and broker Daniel Stewart (DAN) remain suspended on the AIM casino as the financially challenged enterprise has still failed to get its accounts signed off and published. While we wait we have managed to obtain an exclusive image of its IPO Department. This is the part of the firm that brought you winners like Quenron (QPP), Naibu (NBU) and China Chaintek (CTEK), made £1 million raising cash for Globo (GBO) but could not quite manage to float China fraud Fraspens in August. So what will be its next offering?  I ask you by midnight tonight to post a suitable caption below.

Sunday Caption Contest Daniel Stewart Edition – winner announced

Published 1690 days ago

Some sparkling entries in the Sunday caption contest which celebrated the financial woes of crony capitalist City advisor Daniel Stewart (DAN), the firm that coined it in floating Quenron (QPP), Naibu (NBU) and China Chaintek (CTEK). Lest we forget Daniel Cesspit has also made more than £1 million  in recent years raising money for Globo.  Double coke and hookers all round. You can see all the caption entries HERE but the winner is:

Sunday Caption Contest – Daniel Stewart Special (again)

Published 1691 days ago

Let’s face it the firm that floated Quenron (QPP), China Chainek (CTEK) and Naibu (NBU) deserves to go bust so we won’t be able to laugh at Daniel Stewart for that much longer given how its shares are suspended, it cannot get its own accounts signed off on time and is almost out of cash (see HERE). So let’s have fun while we can. With a deadline of midnight tonight lets have your captions for the picture below:

Friday Caption Contest – Daniel Stewart & Steamy Special

Published 1694 days ago

Daniel Stewart (DAN) earns its money advising companies (not all of them frauds) how to list and behave on AIM. It brought us Naibu (NBU) and Quenron (QPP). Two days ago its own shares were suspended on the AIM casino because the cash strapped firm could not publish its accounts on time – see HERE. In honour of this…

Naibu, Camkids, China Chaintek (Daniel Stewart) Caption Contest Results

Published 1694 days ago

On Monday we asked you for suitable captions for the picture below. You can see the full range of entries HERE but the winner is:

Daniel Stewart – what a total joke: shares suspended

Published 1695 days ago

Daniel Stewart (DAN) earns its living as a Nomad and broker to AIM listed stocks. That is to say it charges fat fees for advising them on how to play by the AIM rules, for listing them and for raising money for them. It has no standards so was responsible for bringing Quindell (QPP) to the Casino and also acts as Nomad to China fraud Naibu (NBU) and tried to float China fraud Fraspens in August but seems to have failed. Today Daniel Stewart’s shares have been suspended.

Monday Caption Contest – Naibu, China Chaintek and Camkids Special

Published 1697 days ago

Today Camkids (CAMK) has followed its fellow AIM casino Fujian shoe related China POS heroes Naibu (NBU) and China Chaintek (CTEK) in cutting their dividends despite claiming to be hugely cash generative and drowning in cash.  As such we bring you the Monday Caption Contest. Please post your captions in the comments section below:

Camkids Interims - an inexplicable dividend cut from a Chinese POS on the AIM Casino

Published 1697 days ago

Another day and another Chinese POS on the AIM casino has cut its cash dividend for reasons that one can only explain in one way. Today’s little shocker is Camkids (CAMK) a shoe producer from Fujian like Naibu (NBU) and those German listed Chinese frauds.

Quindell now at 136.5p – 75% off highs where next & a reminder of 8th August

Published 1700 days ago

Shares in Quenron (QPP) plunged last week to close last week at 136.5p. They are now more than 75% off their highs. Where do we go next? Down obviously. The question is when not if they hit 0p. And here’s why.

Weekly Financial Video Postcard #52, PE, PEG, PE of 3 = sell edition

Published 1700 days ago

This is Tom Winnifrith’s last video postcard from Greece for seven weeks. He is back in London at the weekend preparing for a presentation on how companies on AIM overstate profits with real examples. That is on Monday but is booked out but if you want to be able to advance book for Tom’s next presentation (it’s free & comes with pizza and wine) register HERE

The Industrial Scale China stock Fraud in Fujian home to Naibu, China Chaintek and Camkids revealed

Published 1704 days ago

This article appeared in the Chinese publication  Caixin Online at Christmas 2012. Staff reporter Qu Yunyu has done a superb job. It should be required reading for the crony capitalists round at Daniel Stewart, Allenby Capital and Abchurch Communications as well as AIM Regulation and for anyone mad enough to hold shares in Naibu (NBU), Camkids (CAMK) or China Chaintek (CTEK). It is explicit about what has gone on. If you own shares in any of the Fujian companies on the AIM Casino you should sell them all at once. The article – with a few choice sections in bold from me -  reads: 

Daniel Stewart talks TOTAL COCK re China Chaintek

Published 1704 days ago

I am sorry to say this but the research note published this morning by my friend (well he used to be) Simon “Wincey Willis of Daniel Stewart on China Chaintek (CTEK) is a total disgrace. I assume Wincey has been leaned on to justify what is obviously a fraud because Daniel Stewart is earning such vast fees as Nomad and broker to Chaintek. Wincey is a good and honest man and hence he drops covert hints that he thinks Chaintek is junk but  I urge him to stand up to the reality that Chaintek and Naibu are engaged in fraud. He should explicitly tell clients to sell, even if that means that Daniel Stewart fires him. Simon do not sell your soul in this way.

China Chaintek interims – this stinks of Norfolk too

Published 1705 days ago

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

Ming Le – another Chinese shoe fraud emerges - a clear warning for Camkids investors

Published 1705 days ago

Last week we revealed the story of Ultrasonic, a Chinese shoe company listed in Frankfurt where the CEO and COO appear to have stolen all the money and done a runner. It comes from Fujian like AIM Casino listed shoe companies Naibu (NBU) and Camkids (CAMK). Now let me introduce you to Ming Le and Camkids shareholders please take note.

Naibu – a Damning Indictment of the failure of regulation on the AIM Casino

Published 1707 days ago

Shares in China fraud Naibu (NBU) bounced to 27p at the tail of the week. That is a dead cat bounce. This is a fraud and the shares are worth 0p. But the episode shows just why regulation on the AIM Casino is such a total joke.

Monitise - Visa is walking, shares crash, and another win for the Sheriff

Published 1709 days ago

Okay its time for the Bulletin Board Morons to apologise to me YET AGAIN – today’s victory is Monitise (MONI), shares in which have crashed to 31p as Visa has said that it wants out. My 10p target price stands.

The AIM Casino is a Cesspit Cesspit of Crooks and Crony Capitalists and is dying – I’m off to meet real snakes before I vomit

Published 1709 days ago

Yesterday evening I was doing a bit of frigana chopping at the Greek Hovel and I heard a rustling in the bush I was approaching. I know enough by now to realise what was making the noise and beat a hasty retreat. But the stench of corruption on AIM tells me where the real snakes operate. It is a cesspit for crooks and crony capitalists who systematically transfer wealth from the many (mug investors) to the few (themselves). I have had enough of this for one day and am heading back to the fields to face real snakes. They are less loathsome. There is a solution but the London Stock Exchange does nothing. It is guilty of abetting financial crime by its inaction.

GOTCHA! Naibu - The bombshell revelation - surely the shares must be suspended NOW

Published 1709 days ago

I do hope that someone round at Daniel Stewart, Nomad and Broker to AIM listed China fraud Naibu (NBU) has learned to read Chinese since the crony capitalists FAILED to do adequate due diligence on this POS before it listed. Because I have a little press cutting for you chaps from 2008. If you are not too busy spending the £600,000 you have made in fees from Naibu in the past 18 months you need to read it and then resign at once as Nomad and broker and have the shares suspended. This is a bombshell.

Winners & Losers from the Naibu fraud: Daniel Stewart & Shareholders

Published 1709 days ago

This is not my dynamite revelation, I merely set the scene…China fraud Naibu (NBU) floated on the AIM casino in May 2012 at 124p. The shares are now 19.5p. So UK shareholders have lost 5/6 of their cash in less than 18 months. So who are the winners from this farce? Well let me introduce to its Nomad and broker Daniel Stewart. This will appall you and perhaps explains why Daniel Cesspit (which also floated Quenron) is trying not to resign.

Daniel Stewart, Abchurch, AIM Regulation are you ready - Its a Gotcha on Naibu at 7 AM

Published 1709 days ago

I hope that Daniel Stewart and upper class twit PR buffoons Abchurch Communications have enjoyed spending the vast fees they have earned in assisting China fraud Naibu (NBU) to list on the AIM Cesspit. And I hope AIM Regulation are ready because at 7 AM the Sheriff of AIM will be breaking news which MUST result in a share suspension if the Casino is to retain any credibility. It is Gotcha time for these bad guys and then we can start moving onto Camkids (CAMK) and China Chaintek (CTEK). Oh.....

Naibu FRAUD watch Day 1: now on a PE of 0.46 and 132% upside in shares if Daniel Stewart believes its own SHIT – why wont it say buy?

Published 1709 days ago

Shares in Naibu (NBU) have slumped another 10% today to just 21.5p. The company is an out and out fraud and it is only a matter of time before the shares are suspended. If it had a smidgeon of integrity, its Nomad and Broker Daniel Stewart (which likes acting for China frauds on the AIM Casino and also listed Quenron) would resign. But it seems that the greedy ethics free crony capitalist bastards at Daniel Stewart would rather keep banking fat monthly retainers.

No sane person should touch any AIM listed China stock with a bargepole

Published 1709 days ago

The recent passing of its interim dividend by Naibu (NBU), which would have involved an outlay of £600,000 against claimed profits of £20 million and claimed net cash of £30 million has prompted accusations of fraud and skull doggery at the Chinese sports shoemaker and put the spotlight on other China frauds that might be lurking on AIM.

Almost Half ShareProphets Readers think ALL China AIM stocks uninvestable

Published 1710 days ago

In the light of the fraud revelations at Naibu (NBU) and many more tales of woe regarding AIM Casino listed Chinese stocks we asked our readers for their view on Chinese AIM stocks – only 8% appear prepared to buy. My surprise is that even 8% of you are prepared to chuck your cash away. The results were explicit.

Another listed Chinese firm sees shares collapse today as theft and fraud emerge – this time its Ultrasonic listed in Germany

Published 1710 days ago

Frigging hell how many warning signs do investors in AIM listed China stocks need? Today’s shocker comes from Germany where Ultrasonic – a shoe maker – has seen its shares crash by 79% in just one day. But there is a read across to some of our AIM listed frauds.

China Fraud & Zedex follow up – Asia Distribution, a blatant Norfolk that AIM was happy with

Published 1710 days ago

I noted in my earlier article HERE how Zedex Capital is involved in listing a stack of shit companies or indeed outright frauds on AIM. That is why anyone holding shares in Naibu, Camkids, China Chaintek, Asian Citrus and Asia Ceramics which are all, pro tem, listed on the Casino should sell now. If you doubt me here is another warning: Asia Distribution, what happened next.

SHOCKING EXCLUSIVE: The China scam pipeline: Naibu, Camkids, China ChainTek and Zedex Capital

Published 1710 days ago

I think that it is now 100% clear that Naibu (NBU) is a fraud. It is only a matter of time before it goes to 0p or is booted off the AIM Casino. But where did it come from and is it unique? Meet Zedex Capital. What follows will shock you. It says so much about how corrupt AIM and the City advisors working on it have become. It is a scandal.

Exclusive secret footage of Abchurch Communications PR Team Building ahead of next China fraud IPO

Published 1711 days ago

Yesterday I attempted to contact Abchurch Communications which acts as PR spinners for most of the China frauds on AIM and even to those Chinese Companies so bogus that they could not quite make it onto the AIM casino - see HERE. Lead toff spinner Henry Harrison-Topham was already away from his desk but another upper class twit took my call but refused to answer any questions. He had so many silver spoons in his mouth that I could barely understand a word he said. But it seems that the Abchurch Team were heading off for an away day, after spinning for the fraud Naibu (NBU) to prepare for the next China fraud to float. And we have obtained secret footage of that Abchurch away day...

Was it Naibu that scuppered the Fraspens IPO or has Daniel Stewart stopped floating shit on the AIM Casino

Published 1711 days ago

The sorry saga of AIM listed China fraud Naibu (NBU) gets murkier and murkier and at the heart of it is City Nomad and broker Daniel Stewart, the firm that brought Quenron to the AIM casino and acts for Naibu. I asked it to show integrity at the weekend by quitting Naibu given my explosive revelation HERE. But Daniel Cesspit would rather bank the fees. So let’s talk Fraspens. Fraspens who you say? Well let me explain, on 21 July this fine enterprise issued a press release announcing inter alia:

Now on a PE of only 0.45, why does Daniel Stewart not rate Naibu as a buy? Because it’s a fraud!

Published 1711 days ago

Shares in China based AIM listed fraud Naibu have slumped to just 23p today – they were 50p on Thursday before the disastrous interims were published. House broker and Nomad Daniel Stewart (the firm that signed off on the Quenron IPO) stated on Friday that earnings will be 46p this year and that fair value is 50p. So why is it not rating the stock as a buy?

Geong International – Another Chinese company on the AIM Casino with joke accounts

Published 1711 days ago

I have been flagging up what a joke the accounts of AIM listed Chinese POS Geong International  (GNG) are for more than two years but amid the Naibu (NBU) excitement I overlooked the fact that Geong served up its own dogs dinner of a statement on Friday. Its accruals policy makes that of Quenron look conservative.

Giles Elliot of Naibu, you are an honourable man being made to look like a fool – will you quit?

Published 1712 days ago

Giles Elliot, the non-exec deputy chairman of AIM listed China fraud Naibu (NBU) strikes me as a good and thoroughly honourable man. But he has been made to look like an utter fool by CEO Houyan Lin and I ask Giles when is he planning to quit?

Financial Video Postcard #50 – Its too good to be true edition

Published 1712 days ago

In this week’s financial video postcard, Tom Winnifrith’s penultimate from Greece, he covers shares that look so cheap, it is too good to be true.

ShareProphets Reader Poll – Chinese stocks on AIM

Published 1713 days ago

It is now quite clear, after my shock revelations today HERE, that Naibu (NBU) is a total Norfolk and is going to 0p. And this is only the latest of a number of Chinese based Norfolks to list on the AIM casino. Good Chinese stocks list in Hong Kong or Shanghai, bad ones on NASDAQ and total stinkers and outright Norfolks on AIM. Well that is my view - hence the advice to dump shares in Camkids (CAMK) and China Chaintek (CTEK) as well as Naibu. What do you think? Which of the following statements most closely reflects your views:

The Naibu fraud – two critical questions and tests of integrity for Daniel Stewart as the stock heads to 0p and/or a delisting

Published 1713 days ago

Apparently at 31p shares in Naibu now trade on a 2015 and 2015 PE of c0.7. Any stock trading on such a rating is either the cheapest stock on this planet or an outright fraud, a Norfolk. Naibu is a fraud. My target price is 0p and this stock will lose its Aim listing soon. It could be very soon. If Daniel Stewart, nomad and broker to this POS – and the firm that listed Quenron – had any integrity it would resign at once as Nomad and broker. As such I ask two questions of Daniel Cesspit.

Do Bulletin Board Morons Ever Learn or Ever apologise – discussion with top blogger Paul Scott

Published 1713 days ago

It was only the other day that a Bulletin Board Moron owning shares in Naibu (NBU) referred to me as Winnifraud, accusing me of making it all up. Hey presto come Friday there were dire interims and t is clear that it is not me that is the Norfolk and the moron saw his investment slump in value by another 40%. Worse is to come as I shall reveal later today.  But this follows the same pattern as we have seen with Range Resources, Sefton, Vialogy, Globo, Quindell, Iofina, blinkx, Gulf Keystone, Outsourcery etc. etc. Folks like myself and Paul Scott, the great share blogger, point out obvious reasons to sell and all we get is abuse. Paul posted this on ShareProphets yesterday re Naibu

Missed out on Naibu: Here are your next two China companies to short: CamKids and China Chaintek

Published 1714 days ago

The Naibu (NBU) Norfolk is collapsing as we speak. Last seen the shares were at 31p and target price is 0p. Will the Naibu owning Bulletin Board moron who called me Winnifraud 2 days ago on the ADVFN Naibu thread for questioning this Ponzi please apologise now? Is he right now filling his boots or filling his trousers with the brown stuff? I have no sympathy for this cretin whatsoever. He was warned… So which are the next two China AIM casino listed stocks to slump> Here are two suggestions.

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

Published 1715 days ago

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

Naibu Interims – this stinks to high heaven, shares plunge but target is 0p – this is a Norfolk

Published 1715 days ago

Shares in Naibu (NBU), the AIM Cesspit posterboy Chinese company that claims to make sports shoes are off 30% today at 35p. You cannot say that I have not warned you that this is an outright Norfolk and interims today make that clear. The target price is 0p.

Naibu Q&A throws up more Qs than As.

Published 1716 days ago

At the shambolic Naibu (NBU) AGM on June 30th this year, a number of questions were asked of the non-execs and advisors which they were unable to answer but which they kindly agreed to pass on to the three executive directors who for some reason had not showed up. (Visa problems were cited. Yes really! All three of them) 

Naibu – A Question or Two for Mr Lin, the CEO

Published 1748 days ago

As you know, I believe that AIM listed Naibu (NBU) is a total POS. I do not believe its numbers or its CEO or his mum who still owes the company £2 million she “borrowed” a few years back. I think that the shares at 43.5p are in fact worth 0.0000001p. A 4p per share dividend is due to be paid on Friday. So here is a question for Mr Lin.

The Top 10 Shorts for the summer reviewed – Naibu leads the way

Published 1750 days ago

A month ago myself, Evil Knievil, Lucian Miers and Matt Earl (the Dark Destroyer) agreed on a sort of joint top ten UK stocks to short for the summer. Since then the FTSE 100 has fallen by 8%.  As you can see below our average fall is 10.51% so we are doing okay so far. Only two of the ten are up. 

Naibu – Daniel Stewart pumps out buy note but will not answer critical question – target price cut to 0.0000001p

Published 1751 days ago

Following the comical trading statement from AIM listed POS China joke company Naibu (NBU) earlier this week – see HERE - Broker and Nomad to this Norfolk, Daniel Stewart, has published a buy note but refuses to answer my utterly critical question. The shares have slumped to 43.5p putting them on a PE of 0.95 and a yield of 13.8% if you believe the forecasts. I do not and am thus slashing my target price from 1p to 0.0000001p and will reduce it further if Daniel Stewart cannot answer this question:

Naibu – Comedy RNS, Tragedy awaits – sell at 51.5p – target price 1p

Published 1752 days ago

A Trading statement from China based AIM Cesspit POS Naibu (NBU) today is sheer comedy genius. The shares are off again at 51.5p and I am now minded to revisit my 1p target price as I am being generous.

Naibu – a Poem by MP Earl, aged a bit more than 17 ¾

Published 1753 days ago

With a hat tip to EJ Thribb from Private Eye, Matt Earl, the Dark Destroyer, has penned a poem in honour of joke China AIM company Naibu (NBU)after its comedy statement of today. It reads:

Paul Scott’s Red Flag Spreadsheet

Published 1759 days ago

This is a truly brilliant spreadsheet from Paul Scott, the person I rate as the UK’s top share blogger and an all-round nice guy to boot.  In saying all round this is not a reference to his figure although….  Paul does not write for this site and is fiercely independent in his views but he has graciously allowed me to publish this anyway. And so especially for followers of Quindell (QPP), Globo (GBO), Outsourcery (OUT) and a good few others…

The ShareProphets top 10 Stocks to Short – Reader Poll on next to Slump Results

Published 1766 days ago

Two weeks ago Evil Knievil, Matt Earl, Lucian Miers and I served up our top ten stocks to short this summer and why – HERE. Avanti Communications (AVN) has already done the decent thing and issued a profits warning. We asked our readers at the weekend to vote on which of the ten would be next And the results are:

Reader Poll – Which will be the next High Profile share price collapse from the Top 10 Shorts

Published 1770 days ago

Ten days ago, Lucian Miers, Matt Earl (The Dark Destroyer), Evil Knievil and I served up our top ten shorts in London. One of them, Avanti Communications (AVN), has already done the decent thing and

Evil Knievil, Lucian Miers, Matt Earl and Tom Winnifrith – the top 10 stocks in London to short for summer

Published 1779 days ago

Anyone who was at UK Investor 2014 knows that the Bears session (HERE) saw some great calls. And so ahead of a long sweaty summer I asked Evil Knievil, Matt Earl (The Dark Destroyer) and Lucian Miers for their top 5 shorts of the summer and for good measure I add in my own. Between us we have thus compiled the top ten stocks to short in London!

Exclusive: Naibu – Evil Knievil admits he was wrong & The Sheriff Right and sells all his shares

Published 1780 days ago

Until now bear raider Evil Knievil has been the highest profile supporter of Chinese gym shoe producer Naibu (NBU) arguing that on a PE of c1 and yielding 12% the shares were cheap. However I can reveal that he has seen the light and sold out completely.

Reality setting in on Naibu, blinkx and New World Resources and will do with Mothercare

Published 1783 days ago

I am glad to say that the steely glare of reality has alighted on a few stocks this week that should be familiar to readers of this site.

The Sheriff of AIM at the Naibu AGM – Post Shoot-out Video

Published 1788 days ago

Outside the palatial offices of City financiers Daniel Stewart I considered a quite bizarre AGM. The chairman had a few problems with his visa so could not be there leaving two hapless NEDs to field questions. I congratulate the Naibu (NBU) shareholders who attended – they seemed a well informed and perceptive bunch.

The Sheriff of AIM at the Naibu AGM – Pre Shoot-out Video

Published 1788 days ago

Outside the palatial offices of City financiers Daniel Stewart I waited for the massed herds to arrive at the Naibu (NBU) AGM. In the end seven other folks attended. Before going into battle I composed a few thoughts and recorded them on video.

Reader Poll: Which AIM Cesspit Company will send a lawyer’s letter to Tom Winnifrith Next?

Published 1791 days ago

I have not had a lawyer’s letter for more than two weeks. I can only conclude either that the greedy fat cat City Bully Boy lawyers are all sipping corporate champagne at Wimbledon or that I am slipping and being too much of a nice guy for my own good. It is only a matter of time and so I invite readers to guess who will send me my next lawyer’s letter. And, to help you select which scumbags are likely to win, I offer a handy form guide.

Questions to ask Naibu at its AGM

Published 1791 days ago

Being a bear of Naibu (NBU), I don’t think it would be appropriate for me to attend Monday’s  AGM at the offices of Daniel Stewart, but if anyone is going they might like to ask the boss Mr. Houyan Lin ( via his interpreter) the following questions. And as it happens someone is going, Tom Winnifrith, the Sheriff of AIM. If he has nothing better to ask how about?

The Sheriff of AIM is off to another AGM on Monday – Naibu (with some questions)

Published 1791 days ago

This time I shall gain admittance! Naibu (NBU) has just confirmed in writing that I shall be allowed to attend as the representative of Evil Knievil who (for reasons that I cannot understand) is long of this stock. And I have a few questions for the board. For starters:

Bodisen Biotech – what is the Chinese for “another joke company on AIM” and who is next?

Published 1794 days ago

If you are a good Chinese company you list in Hong Kong or Shanghai because it is easier to raise money, here is liquidity in your shares and ratings are higher. If you are a piece of Junk (geddit?) you list on the AIM Cesspit. Time and again it is the same old story. Today’s catastrophe is Bodisen Biotech (BODI) – which Chinese POS will be next?

Lucian Miers & Tom Winnifrith Video: Globo, blinkx, Avanti Communications, Iofina and Quindell

Published 1816 days ago

Two weeks ago Tom Winnifrith and Lucian Miers recorded a series of four videos which first appeared on their Nifty Fifty website. This video covers Globo (GBO), blinkx (BLNX), Avanto Communications (AVN), Iofina (IOF) and Quindell (QPP).

Lucian Miers & Tom Winnifrith on The markets

Published 1827 days ago

On Wednesday infamous bear raider Lucian Miers and Tom Winnifrith recorded a series of four videos. The first covers the markets. The second and third cover “old favourites” for the bears: Globo, blinkx, Avanti Communications, Gulf Keystone, Naibu and Iofina. The fourth covers some new Lucian shorts.

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