Results

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

Published 38 days ago

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

Forbes Ventures – an utterly pointless POS on NEX

Published 79 days ago

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

Afriag Global – after-hours placing….or was it Doriemus?

Published 92 days ago

NEX-lobster pot listed Afriag (AFRI) slipped out a 4.45pm placing announcement last night – a no-one-is-watching o’clock special, raising enough to keep the lights on but not much more. But there seems to have been a spot of confusion over which company was issuing the RNS. Was it Afriag or fellow David Lenigas company Doriemus (DOR) – also of the NEX province?

Etaireia Investments: Bloom, Collier and Fattal – what on earth could go wrong?

Published 102 days ago

No great surprise that after hours on the last possible day, Etaireia Investments (NEX:ETIP) put out its year-end results. It’s also no great surprise that they were shockingly poor but it is worth highlighting one particularly disappointing aspect as it looks very similar to the 2014/2015 fraud and I wonder if history is repeating itself.

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

Published 103 days ago

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

Sheer Comedy from the African Potash fraud and London's most morally bankrupt adviser Alexander David

Published 150 days ago

When African Potash (AFPO) goes bust and its boss lyin' Chris Cleverley has to look for another job he should have a crack at comedy. His release at no-one is watching O'Clock yesterday was pure genius.

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

Published 152 days ago

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

Mayan Energy the dog has a new trick but it makes no sense at all - coke & hookers better value

Published 170 days ago

Another day and another director walks, a new strategy is adopted and yet more confetti is issued by AIM casino uber dog Mayan Energy (MYN), formally the hound known as Northcote Energy. But this latest move just makes no sense at all. Let me explain with a little bit of help from a friend....

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

Published 181 days ago

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

African Potash shares suspended, sheer comedy from Lyin Chris Cleverley and his cowardly advisers at Peterhouse

Published 237 days ago

This really should have been an ouzo o'clock moment as lying Chris Cleverley, Lord Hain of sleaze and the gang round at the African Potash (AFPO) fraud saw their shares suspended on the NEX lobster pot. But I was a good diabetic and had a Greek salad, medication and water instead. But I am off sick leave this morning because dissecting such unmitigated horseshit brings joy to my heart and is good for the blood pressure and the soul. This is comedy central from lyin' Chris who is still to follow through on his promise to sue me for libel. I can't think why. The Potash statement is in bold, the lie detection service is not. Brace yourself, this is funny.

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

Published 242 days ago

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

Etaireia Investments: Fattal and Bloom can’t help themselves – another related party deal!

Published 258 days ago

Another property deal from Etaireia Investments (NEX: ETIP) announced yesterday and guess what, it’s yet another related party transaction. As one can see from the various pieces I’ve written on the company HERE, one shouldn’t have expected anything less.

Afriag rescues baby elephant - aaaaaagh, very sweet photo

Published 288 days ago

I have not been terribly complimentary about NEX listed Afriag (AFRI) but you need a heart of stone not to go aaaaaagh at this photo and act of kindness below. Over to the SA press which reports:

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

Published 290 days ago

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

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

Published 292 days ago

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

FRAUD African Potash now just 0.02p to sell - when will it admit that it is bankrupt?

Published 296 days ago

In its annual report published at no-one is watching O'Clock in the Christmas break, the FRAUD African Potash (AFPO) was forced to include a statement that it needed to raise £600,000 of fresh equity if it was to last 12 months. I should cocoa. The shares are now on the NEX lobster pot and the last trade was eight days ago. Illiquid or what. And as you can see the spread is now 2 one hundredths of a penny which is also the bid price. 

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

Published 298 days ago

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

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

Published 302 days ago

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

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

Published 304 days ago

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

MiLOC Group – ouzo time as NEX (former ISDX) Corporate Adviser ups sticks

Published 313 days ago

Having dished up a ghastly profit warning on the last trading day before Christmas, China company and NEX- (the lobster-pot formerly known as ISDX) listed Miloc Group (ML.P) has announced the termination of the appointment of its Corporate Adviser, Grant Thornton, with effect from 6 March 2017. We’ve covered this one before (see HERE if you fancy a good giggle) as its FY15 accounts were pure comedy and the history of its listing on London’s sub-junior market has been a festival of Red Flags for this purveyor of Traditional Chinese Medicines. Sadly, it looks as though the joke may soon be over.

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

Published 313 days ago

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

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

Published 317 days ago

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

African Potash Legal Update & Additional Request to shareholders

Published 318 days ago

If you want to sell shares in the fraud African Potash (AFPO) now on the NEX lobster pot, you will now get 0.03p. So the shares are now more than 99% down from the peak. So what news on trying to sue the board or the advisers at Cantor Fitzgerald to get your cash back?

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

Published 319 days ago

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

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

Published 333 days ago

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

Cantor Fitzgerald, Stewart Dickson, the fraud African Potash and the exact timeline as AIM delisting confirmed.

Published 341 days ago

For what it is worth there was an announcement yesterday from FTSE stating that African Potash (AFPO) shares will be delisted from the start of trading on 11 January (next Wednesday). Potash has not confirmed this but it looks like it is game over. It cannot refinance while listed on NEX (ISDX) so it will go bust soon. Legal redress can follow but we can now start to piece together a few fascinating dates from three months ago.

Tom Winnifrith Bearcast: Do you think Jamie Oliver is a tosser?

Published 342 days ago

The fraud African Potash (AFPO) has until 7 January ( saturday) to find a new Nomad or its shares get booted off the AIM casino first thing Monday. On the ISDX lobster pot (now known as the NEX lobster pot) it can't get a placing away - for reasons explained in this podcast - so it will be tits up within weeks. That has implications for Blenheim Natural Resources (BNR). Jamie Oliver is blaming Brexit as he shuts six of his over-priced branded eateries. But he is just another celeb tosser don't you think? I look at the real macro headwinds the UK faces. There is comment on Crawshaw (CRAW) and then a very detailed review of Lombard Risk Management (LRM) which is, I reckon a car crash in waiting.

Have you lost money on African Potash? Did you buy into the fraud on or after 6 January 2016? Contact me now

Published 344 days ago

African Potash stated in its annual report that on the ISDX (now called NEX) lobster pot it might be more difficult to raise money than on the AIM casino. I should cocoa. The last trade was on December 29. Liquidity is just nil and the 0.05p offer prize only applies if you want to sell peanuts amounts. If you invested in this fraud just accept that your shares are now worthless as it cannot get awaqy the £600,000 placing it dsays that it needs to survive. So Potash is going to go bust soon. But your cash might not be lost. There is a small chance.

Beware the Galloping Pound - It’s Now a Serious Threat to our Shares.

Published 876 days ago

Hello Share Scribblers. I’m getting really worried now about the effects of the booming pound sterling on our share values. The rate is now around 1.43 euros to the pound. Yet it doesn’t seem too long ago that a pound was only worth one euro.

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