Results

Tom Winnifrith Bearcast: all Things Fraud and Fright-er-ful

Published 32 days ago

I am pretty much finished here in Greece as I explain in the podcast. And as such I start the journey home tomorrow to spend time in sun-drenched England with the Mrs, Joshua and - of course - Oakley, my utterly pampered three legged cat who is, I gather, now being given iced water to cope with the heat. In this podcast I look at Barclays (BARC), the SFO and the nature of fraud. I look at Thor Mining (THR) where events disgust me and at Ariana Resources (AAU) where I am dissapointed and less accepting than Nigel Somerville is.

Notes from Underground: Devil is in the details

Published 56 days ago

Well all right, this is more like it. The first non-Tom article is #1, Infrastrata – cash crunch & sack-the-board General Meeting ahoy… so it’s strategic review time!, by Steve Moore.

Video: David Lenigas of Anglo African discusses making money on African investments with Laurence Read of Victoria Oil & Gas & Chris Bailey of Financial Orbit at UK Investor Show 2017

Published 97 days ago

In this video from the storming success that was the 2017 UK Investor Show, David Lenigas of Anglo African (AAAP) discusses making money on African investments with Chris Bailey of Financial Orbit and Laurence Read of Victoria Oil & Gas (VOG), compered by Nigel Somerville. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

Notes from Underground: The Teddy Bears picnic

Published 126 days ago

ShareProphets readership increases every week - we can tell because we're a registration site and if you unsubscribe, you are kicked off the site. We don't have a dead subscription list like other, lesser, sites.

Tom Winnifrith Delayed Bearcast from Saturday - I really have got to sack Nigel Somerville

Published 167 days ago

For reasons explained year and all down to that snot gobbling bastard Bill Gates I have been offline for most of the weekend. So this bearcast was recorded on Saturday when, smarting from the defeat of the Old Country, I was minded to fire Nigel Somerville. Moving on from that I discuss inter alia: why London's most expensive clown at Fladgate needs to be put to the sword by ourselves and how we deal with unprincipled lawyers. I also covered a couple of other things but after a frantic 24 hours in Shipston I cannot, for the life of me remember what they were.  

A Cloudtag calendar to help memorize GroundHog Day

Published 195 days ago

New Year's resolution number nineteen. If a Cloudtag (CTAG) moron who does not follow you on twitter tweets at you ten times or more in a couple of hours do not bother replying. A person like @PhilipHomer is obviously deranged so just block the loon. Meanwhile for those wanting to set their clocks by the annual CES ramp, Nigel Somerville has a Cloudtag calendar just for you, below.

Cloudtag - no forced clarifying statement for 5 days, now another one is needed

Published 215 days ago

In an article earlier today by Nigel Somerville, we raised the question of how and when Cloudtag (CTAG) incurred £50,000 of costs on the issue of the first part of Tranche 2 of the L1 loan notes and whether it was an additional fees levied for the restructuring the L1 Loan notes. Since this fraud and its hapless Nomad Cairn have not been forced to put out a statement clarifying prior deceptions for five whole days, I fear its time for another one. You see...

Tom Winnifrith Bearcast: can someone teach Welsh git Justin the Clown how to read?

Published 262 days ago

Poor old Justin the Clown is still talking cobblers about Andalas (ADL). Perhapds it is the strain of now having to live in a cardboard box but the poor fellow now seems unable to read so I put him straight. Then it is onto Halosource (HALO) where Neil Woodford is taking another big hit which reminds me that Nigel Somerville and I are doing a special session on Woodford disasters at UK Investor Show on April 1 2017. To celebrate this we have 20 complimentary investor class seats to hand out today. Just go to www.UKInvestorShow.com and book using the promotional code NOVUKSP - book now!  Elsewhere on bearcast I discuss Xtract Resources (XTR) and Gattaca (GATC). 

More crooked than a Beaumont Cornish AIM IPO - Nigel Somerville wins "fatty" Caption Contest. I go to HMRC whistleblowing

Published 275 days ago

No doubt our in house comments section loon Wildes will be, once again, reporting me to the FCA for this but the winner of this week's Roland "Fatty" Cornish, the worst Nomad in London, Caption Contest is the Deputy Sheriff of AIM. We asked for captions to the picture below:

Could there ever be another ASOS in terms of share price gain? And if so what?

Published 277 days ago

As I noted in bearcast yesterday I remember my old pal Mark Watson Mitchell tipping ASOS (ASC) at 7p. The shares hit a high of c£70 so that was a 1000 bagger for anyone who got their timing spot on and held. I doubt anyone did. But could there be another ASOS lurking out there on the London Stockmarket and if so what is it?

Nervous Nigel May Be Right to Worry - But Maybe Not Before Christmas

Published 291 days ago

Hello Share Perkers. Nigel Somerville is not only a very nice chap but his analytical skills are legendary and his integrity, like everyone else's on this glittering website, is impeachable. (We quickly disappear from the ranks if we are found the slightest bit wanting). So when Nigel admits to nervousness at the current success of the soaraway Footsie, we have to take it seriously.

14 new Investment ideas in July's UK Investor magazine - get your free copy now

Published 340 days ago

From Gary Newman, Nigel Somerville, Steve Moore and myself there are 14 new investment ideas in the July UK Investor Magazine which is out now. I discuss the spirit of insurgency which caused Brexit and which is powering Donald Trump to the White House and its long term implications as well as the Global Recession which will hit the UK soon and it is nothing to do with Brexit! That and much more is free to read now just click on the link below.

How to Try to Make Money Out of a Lemon.

Published 351 days ago

Hello Share Twiddlers. As it’s the weekend, I thought it might be an idea to feature an aspect of share-shifting which is sometimes overlooked by the gloomy forecasters we have among our midst. You see, our great game is not so much driven by the nuts and bolts of a company’s performance, as by pop psychology which drives us all, often in an illogical fashion.

Eastbridge - When will Greg Collier fess up about the Court case?

Published 385 days ago

Nigel Somerville has already explained why Eastbridge Investments (EBIV) is toast in that it has no Nomad and sweet FA chance of completing an RTO in the next few days and thus avoiding being booted off AIM. But it gets worse: there is the matter of the Court Case.

Malcolm Stacey on Holiday Day 4 Caption Contest & Day 3 winner

Published 385 days ago

It is not just to avoid Wildes screaming "fix - insider dealing and market abuse" and reporting me to the FCA but once again I am not awarding the prize for the day three contest to Nigel Somerville. You can see his and the other five losing entries HERE. For today's contest Getafix has, it seems, left the beach and headed inland and sent us a new photo to allow you to do your worst. The deadline for entering today's contest is midnight ( which is also the deadline in the Tory leadership poll HERE). So yesterday's winner with another corker was...

Malcolm Stacey on Holiday Caption Contest day 2 (and day 1 winner)

Published 387 days ago

Getafix is still on holiday and has sent us back another snap for our amusement. But before we go to today's caption contest there was a clear winner yesterday

Nomad wine caption contest results

Published 407 days ago

While there were many excellent entries to this caption contest as you can see here, the winner has to be the same person who supplied the original photo below. Oh, no it is Nigel Somerville. Our resident Lenigas worshipping loon Wildes will again demonstrate his enormous knowledge of securities laws by describing this as insider dealing and reporting me to the FCA. Anyhow Nigel's entry is:

AIM Casino useless Nomad Caption Contest - what are you wining about now Winnifrith

Published 410 days ago

I bring you with no comment from myself something that I'd personally find unpalatable but which deputy Sheriff Nigel Somerville has unearthed. We simply ask you to post a caption in the comments section below with a deadline of midnight tonight, 7 June

Notes from Underground: Four Strong Winds

Published 434 days ago

In a more perfect world you would be looking at a picture of yours truly gladhanding the governor of the Bank Of England, Euro loon Mark Carney, in this space.

Nigel Somerville & the pensioners WH Ireland mugged, the Bagot's, shocking UK Investor video

Published 437 days ago

This short presentation by Nigel Somerville and Mr & Mrs Bagot went ahead in the face of fascistic legal threats from the disgraced pensioner mugging broker WH Ireland (WHI). This fight goes on. You will be shocked by this video.

Video: Angus Forrest of Tern presents at UK Investor Show

Published 443 days ago

Nigel Somerville resisted the urge to heckle his "good friend" Angus Forrest of Tern (TERN) who - to his very real credit - bravely attended the UK Investor Show and even popped in to hear me present on why Chris Oil should go to jail. To see why Angus believes Tern shares are cheap, watch the video below

Baby Bear, Graham Neary - Welcome aboard the good ship ShareProphets

Published 443 days ago

I rather think that the lineup of main writers is now complete. Joining myself, Malcolm Stacey, Amanda Van Dyke, Lucian Miers, Steve Moore, Nigel Somerville, Gary Newman, Chris Bailey, Thierry Laduguie, Evil Banksta and Cynical Bear we now - as of today - have Baby Bear, aka Graham Neary on board.

WH Ireland - It seems Mr Bagot is not alone - is the dam breaking on scamming customers?

Published 447 days ago

As you know disgraced broker WH Ireland (WHI) used fascist bully boy lawyers to stop the penioners it mugged ( the Bagots) and Nigel Somerville from exposing the AIM listed firm at UK Investor. We went ahead and what we served up was shocking. WH Ireland has to date insisted that the Bagots were a one off. That now appears to be demonstrable fiction.

Tern broker buy note, I don't agree but it will annoy Nigel

Published 458 days ago

I really am not sure that I believe a word of it or even understand half of it but in the interests of balance here is a note out today from the house broker to Tern (TERN), Peterhouse. The house broker is, shall we say, not always regarded as impartial. But at least its enthusiasm will annoy Nigel Somerville.

Notes from Underground - Happy Belated Birthday

Published 461 days ago

It shows the lack of sentimentality of the ShareProphets team that we let the third anniversary of the founding of this site pass without notice. 6 April 2013 financial journalism covering the City was reinvented. 

Notes from Underground - Other voices, other rooms

Published 497 days ago

Maybe it's because it's a big US stock, or maybe because the world just hates working with Microsoft, but Nigel Somerville's Hey! Microsoft! Fuck you and fuck you some more - re Windows 10 comes in at an easy number 16, which is extremely high for a non-Tom story. Particularly one only written yesterday. It apparently has got under people's skin.

Notes from Underground - The Gutter Press

Published 504 days ago

The old media loves picking up on our investigations, like Quindell or Chris Oil's oil empire, or Globo, which we love, except when they don't credit us, which we don't.

Filthy Forty – an open letter to George Osborne, Chancellor of the Exchequer on AIM China Fraud

Published 511 days ago

We have today penned an open letter to George Osborne regarding the ever-growing scandal of the ShareProphets AIM-China Filthy Forty. Mr Osborne, you will remember, is keen to see greater links forged between the London and Chinese markets. Under the circumstances we are deeply concerned about this and call for a full investigation. 

Andrew's Monkey Puzzle ..losing his marbles once and for all

Published 516 days ago

The Andrew Monk marble challenge HERE seems to have excited you all. But having had a range of folks (Brian Kinane, Nigel Somerville, etc ,etc) try to explain it to me I sat down and thought about and agree that Mr Monk is correct this time. The answer is two thirds. As Monkey himself explains...

ShareProphets St Valentines Day Poetry Competition.. Roses are Red

Published 525 days ago

I have composed a short poem for Mr David Lenigas, yes Jabba The Hutt gets a St Valentines day message from me. In today's contest I would like you to compose a poem for someone else who's portfolio deserves massacring, market abuser Chris Oil, PR genius Steffi, Cyril d'Silva from Golden Saint or perhaps Nigel Somerville has a poem for Angus Forrest at Tern. But can you better my four line offerings below? ( all poems must be in this style)

And now there is a miss Deputy Sheriff of AIM - congratulations Nigel Somerville

Published 567 days ago

Just a brief note to say congratulations to the Deputy Sheriff of AIM and Mrs DSOA on the birth today of their third child and first daughter. Like a Daniel Stewart placing it has been imminent for a while. But unlike a Daniel Stewart placing it has arrived at last. Mother and daughter are reported to both be doing well.

Nigel Somerville's share tips of the year Number 1 - Sell Igas

Published 574 days ago

Shares in AIM-listed Igas (IGAS) have been heading south for almost two years. First we had the oil price coming off sharply. Then we had the Equities First scandal involving the former CEO selling shares when the market was told he was buying. And then the oil price slid some more. In early 2014 the shares peaked at 160p and it has been downhill all the way since then. The Christmas Eve close at 18.5p values the company at £55.3 million (source: ADVFN). But there is much further to go. Here are ten reasons why.

Top broker sticks knife into IGAS ( and praises ShareProphets)

Published 601 days ago

Yesterday Nigel Somerville quite correctly flagged up why IGAS (IGAS) is a slam dunk sell. It seems that at least one City broker has picked up on this and joins the attack today. Over to Andrew Monk of VSA who writes:

Notes from Underground - A ticket, a tasket

Published 616 days ago

ShareProphets should be sending David Lenigas (pictured left) a thank you basket of mini-muffins as stories regarding his companies have clearly dominated the top 10 this week. Yet he didn't didn't take every slot, the top non-Lenigas stories were covering our old pals Sefton and Quindell. 

China Fraud Camkids goes onto AIM Casino Death Row – Nomad quits, shares suspended

Published 663 days ago

And it is another kill for the Sheriff and Deputy Sheriff of AIM – China fraud Camkids (CAMK) is now on death row with its shares suspended as Allenby this morning quit as Nomad with immediate effect. The lying tossers at Camkids could not even tell that straight – the RNS stated “Change of adviser”. It meant, the adviser had quit as it finally accepted this was a nailed down slam dunk fraud. It gets worse.

Reader Poll - how many China Fraud Filthy Forty shares will be Dead by December 31 2015?

Published 680 days ago

Last month we launched the ShareProphets Filthy Forty – companies with their main operations in China, registered overseas (apart from a handful in Hong Kong) and listed on AIM on June 1 2014. We noted that the overall performance was astounding: average loss from IPO was 43%, and nine had already been booted off the exchange. An attrition rate of 22.5%. The reasons varied between Nomad resignations (5), being booted off for failing to publish accounts (2) and voluntary delistings (2).

ShareProphets Filthy Forty – Global Market Group heads for AIM ejection as Nomad Grant Thornton resigns with immediate effect

Published 696 days ago

AIM-China poster-boy Global Market Group (GMC) looks set to become the next member of the ShareProphets Filthy Forty to be given the order of the boot, unless it can find itself a new Nomad by 21 September 2015. This Cayman Islands registered company joined AIM in June 2012 at £1.30 a share, when it raised £9.7 million through a Placing, to join the Casino with a market capitalisation of around £127 million. The shares fell almost immediately to just over 80p. They are now suspended at 50p – following the payment of a deposit in connection with a land acquisition as announced on 10 Aug 2015 - as the lobster-potted shareholders wonder whether the company will ever resume trading.

ShareProphets Filthy Forty – ARC Capital heads for the exit as Nomad Grant Thornton throws in the towel, but why?

Published 696 days ago

Forty AIM-China companies: ten down, three more in the queue to leave by the back door. This time we bring you Cayman Islands registered investment company, ARC Capital Holdings Limited (ARCH), which announced on 14 August that its Nomad, Grant Thornton, had given notice of its intention to step down on 15 September 2015. If no replacement is found by 15 October then shares in ARC will be booted off the Casino.

ShareProphets Filthy Forty – Dr Johnny Hon comes out of the shadows as Executive Chairman of Gate Ventures

Published 704 days ago

Lucian Miers did a superb piece HERE which looked at some of the people involved in the ShareProphets AIM-China Filthy Forty poster boy, Gate Ventures (GATE). Gate, you may remember, had an extraordinarily short-lived existence on AIM in that it was given the order of the boot after even Beaumont Cornish found it all too much to represent this outfit as Nomad, and no-one else would either.

Tern – where did 588,640 warrants converted at 0.02p come from?

Published 705 days ago

Anyone following the saga of AIM-listed Tern plc (TERN) will know that the company has had a few difficulties in reporting share issues – see HERE for an example. Yesterday Tern released this RNS which announced the issue and allotment of 641,463 shares as a result of the exercise of 52,823 warrants at 3p a share, and 588,640 warrants which were exercisable at 0.02p per share. The problem is that I can’t find where those 0.02p warrants came from.

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

Published 711 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.

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

Published 712 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 712 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: 

Quindell and regulatory failure: an open letter to Business Secretary Sajid Javid MP

Published 714 days ago

This week’s disclosures by Quindell (QPP)  have shown conclusively that the gargantuan body of work which started back in April 2013 by ourselves and colleagues at ShareProphets was on the button. Along the way there were allegations of securities fraud, accounting fraud, VAT fraud, insider dealing, market abuse in what is simply a staggering litany of revelations. The evidence was passed to the FCA, AIM Regulation, the SFO and others in a series of submissions going back to April 2014. Yet the FCA and AIM Regulation utterly failed to act on the evidence handed over. The FCA took until June of this year to open an investigation – we rather suspect because of a me-too response, once it was known that the SFO was involved and that the Financial Reporting Council (FRC) had been looking at Quindell. AIM has yet to confirm any actions beyond a spot of belated flag-waving. 

ShareProphets RNS Translation Service: 88 Energy ramps Edison research report

Published 719 days ago

Aussie hydrocarbons explorer 88 Energy (88E) has been raising money to fund its ‘Icewine’ project in Alaska. It has a conditional $50 million debt facility announced on 24 June sort of agreed with Bank of America subject, amongst other things, to due diligence although there has been no news of progress on that ever since. A two-part placing has been going on, with the intention of raising 12 million Aussie dollars at one Aussie cent per share (about 0.47 pence). The company announced on 22 July that the book build had been completed and was heavily oversubscribed. The first tranche of about £800,000 has been completed, with the rest subject to an EGM. Step forward the ShareProphets RNS Translation Service….

Red Flags at Night: Asia Wealth Group Holdings FY15 Results an advert for ISDX? You’re ‘aving a giraffe!

Published 720 days ago

ISDX-listed wealth management company Asia Wealth has already featured on ShareProphets over the weekend because of an extraordinarily belated Related Party Transaction disclosure (see HERE) which seemed to have slipped under the radar of its Corporate Adviser, Roland “Fatty” Cornish for over a year. That was bad enough, but then to issue full year results to the end of February 2015 later that day, at no-one-is-watching o’clock really does take the biscuit. Not only that, but it seems that the related party incident is not the only example of tardy reporting to the market: whilst the results were released after-hours on Thursday 30 July at 5.14pm, it appears that the board sat on the accounts for a full two weeks before releasing them! I just had to take a look.

Daniel Stewart – an Employee Benefit Trust. For whose benefit?

Published 724 days ago

Trawling through the dog’s breakfast of Companies House filings by Daniel Stewart Securities plc (DAN – the parent company) and its subsidiary, Daniel Stewart & Company plc I came across some loans by the Employee Benefit Trust. Tom Winnifrith has long held the view that the only people who make any money out of Daniel Stewart are those associated with its top dog, Peter Shea. In good years, pay and bonuses balloon. In bad years the equity is diluted and the share price gets pummelled. What, pray tell, is the total sum of dividends paid out to investors over the years?

Has Equities First magnified extreme movements of Cloudbuy's share price?

Published 725 days ago

As revealed HERE by Tom Winnifrith, when the shares of Cloudbuy plc (CBUY) were tanking back in March of this year, Equities First Holdings LLC was selling the shares handed to it by Cloudbuy Chairman Ronald Duncan as part of his ‘loan’ deal. A margin-call trigger point of 19.5p (mid) was avoided by the tiniest margin – which could have seen him forced to walk from his deal, and thus lock in hefty profits for Equities First. The question at the time was how Equities First was contractually prohibited from going short, yet they were surely doing just that if they sold while they remained contractually obliged to hand back the shares at the end of the deal. I guess you’d have to be a very highly trained and expensive lawyer to understand why this is all absolutely fine.

Market Abuser Chris Oil threatens to Report Ben Turney & ShareProphets to the Police over ex Sefton Boss Dan Levi question

Published 727 days ago

The Sefton Resources (SER) market abuser Chris Oil has given Ben Turney and ShareProphets a “final warning” that he must not ask any more questions of him or write articles about him or he and this website will be reported to the Police.  Yeah right.

A letter to Lord Michael Grade regarding the fraud Gate Ventures

Published 727 days ago

The China fraud Gate Ventures (GATE) was booted off the AIM casino after just four months last week. It makes great play of its association with the media mogul Lord Michael Grade. I have today written to the good Lord... 

Afren updates the market when everyone IS watching – ShareProphets RNS Translation Service

Published 727 days ago

This morning Afren (AFR) released an odd RNS to say that the General Meeting scheduled for last Friday which it called off had not happened. Over to the ShareProphets RNS Translation Service to explain….(original in bold)

Ukrproduct – 30% drop on no news?

Published 731 days ago

Shares in AIM-Cesspit listed Ukrproduct Group (UKR) dropped a whopping 30% during trading on Tuesday. What calamitous news had there been to cause the drop? Er….none. So why the drop?

Daniel Stewart – Have the books spent too long in the kitchen? Part Two

Published 732 days ago

In the first piece of this two-parter (HERE) we looked at anomalies in the accounts and Companies House filings of Daniel Stewart Securities plc (DAN) and its main subsidiary, Daniel Stewart and Company plc between the accounting year ends as at Mar 2011 and 2012. Those questions added up to over £120million – rather a large number, given that the market cap of the parent currently sits at just £19million, according to ADVFN (last seen). What do we find in the period from Mar 2012 up to the present?

Rurelec – more bad news as it ‘discusses’ two debts with one in default

Published 732 days ago

I have already pointed to some uncertainty over the control of Rurelec (RUR) HERE as well as some financing issues HERE, after bridging finance of $12million appeared to have fallen through last week, although a long-awaited sale brought in $6.4million. Monday saw RNSs which showed that Rurelec has not one, but two debts currently causing sleepless nights. It does not look good, and the appointment of two Exec Directors seemingly at the insistence of one of the creditors is ominous.

Tom Winnifrith BearCast 22 July - China in recession, China AIM Casino fraud

Published 732 days ago

The sabbatical can be broken for one of three events: the arrest of Rob Terry, suspension of trading in shares in Daniel Stewart and big China fraud news. Sadly Terry has not yet been lead away in cuffs but it will happen. But I sat down with my lefty father pleasing him as I discussed crooked capitalists (the deluded old boy reckons all capitalists are crooks) with reference to China macro-economics and China fraud on AIM in light of today’s news from Geong and Gate Ventures.

Red Flags at Night - Afren postpones restructuring indefinitely as it discusses further funding

Published 732 days ago

As predicted HERE the currently proposed restructuring of Afren is dead in the water. Given that the shares are already suspended from trading, I see absolutely no excuse for this announcement coming after-hours, at 4.31pm – see HERE - it is contemptable. The General Meeting scheduled for Friday and the Scheme Meeting scheduled for Wednesday of next week have both been adjourned until further notice.  


Gate Ventures – will a big deal 24 hours before being shown AIM’s exit gate make the Grade?

Published 733 days ago

What to make of Gate Ventures (GATE)? We have seen all manner of shocking stuff on ShareProphets regarding this enterprise (see HERE for a full dossier). And today, 24 hours before the company is due to be booted off the AIM Casino after its Nomad, the saintly Beaumont Cornish, found representing this company all too much. Gate, of course, protested that it was talking to potential replacements but I rather doubt we will see it restored to trading in the morning, rather than being given the order of the boot. But what do we have HERE? An investment of £2.6m into a UK company called Infinity Creative Media Limited which is chaired, we are told, by Lord Michael Grade, no less. Is it true?

Red Flags at Night – Michelmersh Brick Holdings plc

Published 733 days ago

I don’t have any detailed knowledge of what Michelmersh Brick Holdings plc (MBH) does, although I guess the clue is in the name. But I do know that slipping out bad news – a large director share sale -  at 5.24pm, no-one-is-watching o’clock is a bit of a Red Flag, especially when the shares are up about 28% since January and the company earlier in the day announced seemingly very good H1 results.

Daniel Stewart – Have the books spent too long in the kitchen?

Published 733 days ago

Daniel Stewart & Company plc is the main subsidiary of AIM-cesspit listed Daniel Stewart Securities plc (DAN). I’ve been reviewing some, ahem, ‘interesting’ anomalies in the Companies House filings for the former. Shares have gone missing, or did they materialise out of thin air? And what about an issue of over £120million worth of stock to the parent, for cash? I kid you not! It is a dog’s breakfast, but one thing is clear: there will have to be resubmissions to Companies House and, I fancy, some corrective RNSs to clarify what exactly has been going on. With apologies for a technical article….

Jiasen – Questions for Cairn (Nomad) and Beaufort (Broker)

Published 734 days ago

Shares in Jiasen International Holdings (JSI) are down another 22% to just 4.875p last seen this morning (down from an IPO price of 82p only a year ago) to leave this obviously squeaky clean outfit from Fraud Central (Fujian Province in China) valued at just £5.9 million, down from c. £100 million at IPO.

Rurelec finally sells plant 4 months after announcing it, but serious alarm bells ring over the AGM fiasco. Who is calling the shots?

Published 734 days ago

First up, news Friday that Rurelec (RUR) has finally sold its Canchayllo hydro-electric plant in Peru for net proceeds of $6.4m. This announcement comes after the previously announced sale for $6.5m back in March, an update in April that the $6.6m cash had not arrived but was expected “shortly” and an update in May that a loan which had been expected to have been settled out of that cash had been extended, before the Annual Report and Accounts for FY14 revealed deep in the notes that the sale had failed.

Rurelec – ANOTHER disastrous RNS! Can it get any worse?

Published 738 days ago

Yesterday morning, hot on the heels of a cataclysmic AGM (see HERE) which saw all resolutions (apart from the reappointment of the auditors) overwhelmingly defeated (with 90-odd % votes against), Rurelec (RUR) announced that a previously announced short-term loan of $12million has been suspended pending clarification with the lender on the security and repayment of the facility, if drawn. The company goes on to reassure that there are other alternative sources of finance on which a further announcement will be made in due course. In other words that deal is off.

Daniel Stewart – More Companies House revelations as Red Flags abound

Published 739 days ago

Having posed a few questions (HERE) about AIM-Cesspit poster boy Daniel Stewart Securities plc (DAN) and its unlisted plc subsidiary Daniel Stewart & Company plc, I’ve had something else pointed out by an avid reader. I wondered how it was that the parent company had managed to produce audited FY Mar14 results (albeit months after the deadline, which saw the shares suspended) when the subsidiary accounting for the vast majority of revenues had not. Given that the two share the same financial year, this seems all rather odd. And given that the parent was audited by PWC, how on earth has PWC been able to verify what is reported with reference to the contribution to group revenues (ie almost all of it) without itself auditing the subsidiary accounts?

ShareProphets RNS Translation Service: Afren’s Suspension Pending Clarification RNS

Published 739 days ago

Ever keen to help people understand what is really being said, we have run today’s RNS from Afren (AFR) which announced a suspension of the shares pending clarification of the company’s financial position through our trusty ShareProphets RNS Translation Service. Here is what it said (original in bold):

Red Flags at Night with Neon Flashing lights: Rurelec in AGM disaster

Published 739 days ago

Boy, oh boy - an after-hours RNS from Rurelec. Last time we had one the Red Flag count hit twelve (see HERE). But it got worse when Rurelec dished up five RNSs in a single day (see HERE) which included FY14 results, but buried deep in the notes to the accounts it emerged that a previously announced sale of assets intended to fund the repayment on loans had, in fact, not taken place. Yesterday, on the dot of the end of the day’s trading, the company released a stunning AGM result.

Shorting Euro vs $ - Update

Published 740 days ago

Last week I offered a highly leveraged trading idea of ETFS Foreign Exchange Ltd 3 x Short Euro Long $, which is traded on the LSE under ticker code SEU3 (see HERE). The rationale was simple enough: Grexit, credibility of the Eurocrats and the popping of the China bubble which may trigger a flight to safety. As it happens – and seemingly against the odds – it looks as though Greece will now continue in servitude for another while, albeit compounded by tighter demands and national humiliation. Meanwhile the Chinese authorities have gone into Canute mode.

New World Oil and Gas – Placing and Open Offer result. Will it work?

Published 745 days ago

New World Oil and Gas (NEW) has been explicit with its warnings that the plan to conduct a Placing and Open Offer is not guaranteed to solve the settlement crisis, which saw the London Stock Exchange belatedly step in and suspend trading. Tuesday night’s RNS (after hours, natch) with the results of the offer continued to warn that it may still not result in the lifting of the suspension. Let us have a look at the numbers.

Greek Crisis (and not forgetting the Giant Panda in the room) – A trading idea to short the Euro

Published 745 days ago

I was greatly amused by a link to a Monty Python sketch linked by the Torygraph at the weekend as part of its Greek crisis coverage. It seems such a perfect allegory – you can watch it HERE – in pointing to the inability of anyone just to play the ball. Instead we have the Eurocrats pontificating on how debt relief is not technically possible, immoral and how it would destroy the credibility of their beloved Euro. Credibility? It seems to me that whatever the outcome (and Grexit is now surely all but certain) even the most ardent Euro fan will see that its credibility is holed.

Tom Winnifrith BearCast Special: fraudster Rob Terry and the Quob park NAV con

Published 746 days ago

Nigel Somerville penned an excellent piece yesterday on Quindell founder Rob Terry's new fraud Quob Park and its confetti issues as it claims to grow its NAV. In this podcast I explore that further and have a number of questions for the fraudster Terry about how he is managing this vehicle. Needless to say its shares should not be touched with a bargepole.

Oxford Technology VCTs – changes to governance and fees: Bravo!

Published 748 days ago

In a rare break from my usual poison and vitriol, I actually have something positive to say - take note, Ben Turney! It concerns news this week from the four Oxford Technology VCTs, OT1 (OXT), OT2 (OXH), OT3 (OTT) and OT4 (OXF).

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

Published 751 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.

News from the Norfolk Province of AIM - Sorbic International plc

Published 753 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.

Red Flags at Night –Asia Ceramics Holdings plc

Published 753 days ago

Asia Ceramics Holdings plc (ACHP) – purveyor of ceramic tiles - popped up at 4.32pm on Monday night, conveniently just moments after the market close, with its FY14 results. Ho Ho Ho is not!

Afren – 10 Red Flags to consider before piling in to the Open Offer

Published 757 days ago

One of the things which investors should ask themselves is: who gains? And with reference to Afren (AFR) this is a pertinent question. It surely is clear as day that it is the bondholders who have been calling the shots (or shorts!) since the company essentially ran out of cash. At any moment, the bondholders could have called in their cash and Afren would have been toast. That they didn’t suggests that the current proposals on the table offer the bondholders a better deal. It surely is better for shareholders too – the alternative being a certain wipe-out, as opposed to a gamble on recovery – but should shareholders put more of their cash into Afren via the Open Offer? I have grave reservations.

Is Afren trying to dupe its shareholders?

Published 759 days ago

There is just so much to say about the restructuring it is hard to know where to start. A good place would be Waseem Shakoor’s piece HERE, but there are concerns that Afren is being, shall we say, less than helpful to its beleaguered shareholders as they decide upon whether to take part in the open Offer as part of the proposed restructuring.  Let us take a look at a few statements in the RNS and Prospectus from last Friday.

Red Flags at Night – Pathfinder Minerals

Published 764 days ago

Just a short one – the main batch is expected on Friday evenings, not Thursdays. However, ten minutes after the market close on Thursday a rather strange RNS was released by Pathfinder Minerals (PFP). Pathfinder has done absolutely nothing wrong here (apart from issuing this after-hours) but it is indeed most odd all the same. It seems that 8% of the company is likely to be dumped on the market at some point. Or is it 9%? Whatever….Pathfinder announced a holding in company announcement which states:

Paragon Diamonds – bizarre RNS: is it a buyback or a cashflow problem?

Published 766 days ago

This morning Paragon Diamonds (PRG) released a very odd RNS indeed. On the face of it, mooting a share buyback programme would send a strong signal to the market that the board either thinks the share price is too low, or that the company has more cash than the board knows what to do with. But for a company still in a capital intensive phase this is… unusual…. to say the least.

AIM’s 20th Anniversary – Many Happy Returns (though not the financial kind)

Published 766 days ago

As the Crony Capitalists sit down to a slap-up dinner to celebrate just how much money they’ve made from the mug punters, I thought I’d update the statistical performance of AIM. Oh dear, oh dear, oh dear.

Exclusive: New World Oil and Gas – the smoking gun

Published 767 days ago

Deputy Sheriff Towers is in receipt of an astonishing document - a Placing Letter sent out by Cornhill Capital pursuant to the abortive fund-raising announced by New World Oil and Gas (NEW) at the end of April. The placing was, of course, conditional on the passing of resolutions at an EGM, which shareholders blocked. But here is the thing: I see absolutely no reference to that requirement in the Placing Letter- indeed, the acceptance form describes the transaction to buy stock ‘Placed Firm’. Who will be first up to the gallows?

New World Oil & Gas – an Omnishambles with bells on. Alarm bells.

Published 769 days ago

Back at the start of May I asked who was regulating the omnishambles that is New World Oil and Gas (NEW) on the back of what appeared to me to be quite obviously a disorderly market. It looked as though there had been rampant forward selling of a conditional Placing which was, in the event, scuppered by shareholders. I was not the only one making noises about a disorderly market – see HERE and HERE from my more esteemed colleagues, yet the LSE allowed trading to continue for another couple of weeks before the stock was suspended due to a deteriorating settlement situation - ie a disorderly market. Now we have a monster of an open offer, backed by a placing which effectively underwrites the offer. Will it cure the settlement problem? And what other issues are thrown up by the new proposals?

Surface Transforms – Profit Warning: bargepole or buying opportunity?

Published 773 days ago

Yesterday morning Surface Transforms (SCE) announced a pre-close trading update which contained a profit warning, blaming the breakdown of a furnace during May. The rest of the update seemed fairly upbeat, and a little meat on the bone was provided in terms of the cash position – although there was no indication of trade payables so the fact that there was £776k at its reporting year-end (31 May) and an R&D Tax credit of £200k in the pipeline means we are only being given part of the story there. Given the incomplete nature of this information, the selected highlights offered are rendered useless.

Tern plc – that video from ZaksTradersCafe….are you kidding, Mr Leith?

Published 774 days ago

I have just listened to what Bruce Leith, a director of Tern plc (TERN) has to say in this video from ZaksTradersCafe last Monday1st June. I was very interested indeed to hear what he had to say about Tern’s investee company, Cryptosoft Ltd. Did my ears deceive me, 15 minutes in? Did he really say:

ShareProphets Translation Service – New World’s extraordinary after-hours RNSs last night

Published 775 days ago

The New World Oil and Gas (NEW) farce took another bizarre twist yesterday with not one, but two extraordinary after-hours RNSs. We have never before seen a holdings in company RNS which contains not only a cautionary statement, but also references to media commentary. These RNSs ought to come under Red Flags at Night, but the ShareProphets RNS Translation Service got in first. First up, at 6.18pm……

Video of Tern PLC presenting at ZaksTradersCafe

Published 776 days ago

Zak Mir's second guest at his inaugural Traders Cafe was Tern PLC  (TERN)- old friends of this website and especially of myself and Nigel Somerville. To register for more free booze and pizza at ZaksTradersCafe events ( the next one is 22nd June) click HERE 

Tom Winnifrith Bearcast 7th June

Published 777 days ago

As my father spends an hour in Church I explain why filial devotion does not stretch far enough for me to join him - I despair for the Church of England. Then I add to the points raised by Nigel Somerville in his earlier piece on another Geoff Morrow - of Gate infamy - China joke stock (HERE) and to Steve Moore's comments on Audioboom (made HERE) and make general points about companies that update on KPIs. Finally I disagree with Comrade Malcolm Stacey on his market view of Saturday HERE

Red Flags at Night, Fri 5 June: pointless POS China Sports Development on ISDX (for now)

Published 777 days ago

As ever, important company announcements being slipped out at no-one-is-watching o’clock on a Friday evening is a bit of a Red Flag. One immediately wonders what it is trying to hide. And so we turn to what must be the most pointless listed company in London: ISDX-listed China Sports Development (CSDP). I doubt anyone reading will own shares, but read on anyway – it is a hoot!

ShareProphets Translation Service – Schlumberger’s Horse Hill disclaimer

Published 779 days ago

This morning, we’ve read one of the funniest disclaimers we’ve ever come across. We are, of course, talking about the latest ramptastic missive from the Horse Hill stock promoters. The Schlumberger report, paid for exclusively by UK Oil & Gas (UKOG), has been presented as even more bullish than the absurd Nutech report of a couple of months ago. What is most amusing about this, apart from the crazy reaction of a herd of private investors, are the health warnings that come attached to it. Even UK Oil & Gas was forced to admit in its RNS “No person or company other than UKOG may directly or indirectly rely upon the contents of its report”. Whatever else happens at Horse Hill, no one can say they weren’t warned.

Scancell – Phase I/II trial update and company chat

Published 781 days ago

As expected, Scancell Holdings (SCLP) delivered an RNS update on its ongoing Phase I/II SCIB-1 drug trials yesterday morning, following its presentation on Monday at the American Society of Clinical Oncology (ASCO) annual meeting in Chicago. The meeting itself has generated plenty of headlines, with lots of froth about a new cure for cancer from immunotherapy – the space in which Scancell operates: SCIB-1 is a treatment for melanoma. So what of the new data?

SeaEnergy – Trading Update, piffle!

Published 781 days ago

One can have some sympathy for companies operating in the oil & gas support services sector: clearly with the oil price having dropped so much last year their products are going to be less in demand. But with SeaEnergy (SEA) there is another issue: that of spurning an opportunity.

Shares for 2015 – Scancell share price comment

Published 782 days ago

Just a brief piece, as I expect an RNS imminently and will comment in more detail once it is out. Shares in Scancell Holdings (SCLP)  have spiked somewhat over the past couple of trading sessions and now sit at 41p last seen (having been as high as almost 45p). Having dipped down below 25p at the beginning of April and even just a few days ago having been 30p this is quite a jump.

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

Published 783 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:

An economic refugee from the Scottish Welfare Safari writes

Published 804 days ago

Malcolm Stacey reckons that an independent Scotland will be innundated with folks from England seeking a better life but then he also believes in and worships the Money Tree. Tom Winnifrith reckons Scotland should be liberated, towed off into the Atlantic and sunk. After the past four weeks you have probably had enough of whinging celtic bores but if you want more where that came from here is a man who has fled the post industrial wastelands in search of work, liberty and the joys of free enterprise but retains a romantic sympathy for his welfare addicted compatriots. Over to Nigel McSomerville. 

A Question for AIM Regulation ahead of LSE AGM: Is Rob Terry Lying or are you useless?

Published 817 days ago

At the AGM of the London Stock Exchange (LSE) tomorrow, Lucian Miers, Nigel Somerville and others will be quizzing it over the lack of regulation on its in house casino. I refer to AIM. So here is something I might ask and it comes from the fraudster and insider dealer Mr Robert Terry, formerly of Quindell.

Video from UK Investor: The Sheriff of AIM on death threats, Rivington, Quindell, fraud and more

Published 820 days ago

This was the session at UK Investor Show I enjoyed the most: Tom Winnifrith as the Sheriff of AIM interviewed by Amanda van Dyke, Nigel Somerville and Malcolm Stacey. Very straight talking on mistakes, on Rivington, on Jim Mellon, on the death threats, on fraud on Quindell and on much more.

Is This the Greatest Share Show in the World?

Published 828 days ago

Hello Share Swillers. Well, it's almost time. The zappy UK Investor Show 2015 is only one day away.La st year's event was a really happy affair. And yet shares were not doing that well at the time, as I recall (though the old memory is starting to go).

Ask Tom Winnifrith any question and win a special prize in one week's time

Published 832 days ago

One of the main stage talks at the UK Investor show on 18th April ( yes one week away) is an “ask Tom Winnifrith” session where the Sheriff will be interviewed on the main stage by Malcolm Stacey, Nigel Somerville and Amanda Van Dyke The topics will be wide ranging: Quindell (with new material), frauds past and what Tom is looking at next to “go after”, coping with death threats, what changes AIM must make to stop investors getting screwed, his ancestor the pirate, where he sees value, free speech and a bit of personal stuff from three years ago to set the record straight. Do you have a question for Tom?

Where's Malcolm at #UKInvestorShow & do you want to tweet from the show?

Published 833 days ago

You want to know where at the UK Investor Show, you'll find Malcolm Stacey? We know he is one of our most read columnists and - unlike some of our writers - he seems almost universally liked. Well for most of the day, Malcolm is "mein host" at The Punters Return, that is to say the Bloggers Cafe. Most but not all.

Are markets overvalued, or are they going up? The Tom vs Malcolm ding-dong

Published 848 days ago

I have read with great amusement the ongoing spat between Tom Winnifrith and Malcolm Stacey as to whether markets are about to plunge or rocket. Tom reckons markets are too high already and will fall. Malcolm Stacey thinks they will continue higher. Who is right?

Tom Winnifrith Bearcast 16 March

Published 860 days ago

In response to popular demand the "Steve Berry, crony capitalist, placing song" gets another airing. In this podcast I also cover Quindell, Afren, Premaitha (which RMPC owns), Mosman Oil & Gas, Berry's POS Touchstone Gold, Coms and Alba Minerals

April 18, Westminster, The Investor show of the year 75% sold out – book your seats today!

Published 870 days ago

The final gold tickets went last week. There are now fewer than 500 of the 2000 £12 investor class seats left for the show of the year and at current rates they will be gone within weeks so book your seats TODAY for UK Investor Show 2015 and here are 5 reasons why – you can book HERE.

Crony Capitalist Angus Forrest of Tern Reports Tom Winnifrith to Police …no action taken

Published 878 days ago

I have just taken a call from Lavender Hill Police station because crony capitalist Angus Forrest of POS Company Tern (TERN) has reported me for harassment. I had a great chat with a very nice police officer who said that the case was no closed and that Mr Forrest would be told “there is no case”.

Frontier Mining – AIM Regulation asked to investigate 28% share price slump ahead of the delisting RNS

Published 885 days ago

As revealed HEREAIM Cesspit listed (pro tem) Frontier Mining (FML) slipped out a devastating after-hours RNS on Tuesday detailing plans to delist and take the company private. To compound that contemptuous treatment of its shareholders, the shares dropped a whopping 28% ahead of that RNS

Frontier Mining – After hours RNS, proposed DELISTING, down 28% ahead of RNS

Published 886 days ago

At 5.43pm (no-one-is-watching o’clock) AIM Cesspit listed Frontier Mining (FML) issued this RNS proposing the final shafting of its shareholders. Not only will Frontier delist from AIM, but also from the Kazakh Stock Exchange. Anyone unfortunate enough still to hold this turgid stock will be trapped and their investments essentially become worthless. But at least some fortunate City fellows got out in time! Yes, Frontier plummeted 28% during Tuesday’s session, prior to the announcement. Surely it could not be possible that word got out ahead of the RNS, could it….

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

Published 903 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.

The Scandal of Tern: An Open Letter to the FCA and to AIM Regulation – I Bloody Told You So!

Published 929 days ago

For over a year I have been providing the regulators with a chapter and verse dossier of breaches, lies, misrepresentations, incorrect filings, missing RNSs, market abuses, contract breaches and a whole lot more besides with regard to the collapse of Digital Learning Marketplace (DLM) in 2012. They were warned that it would all happen again unless they acted. They have not. And so, in the wake of an utter scandal at Tern (TERN) which, one way or another, involves almost ALL of the protagonists from the DLM scandal I have written an open letter to the chief executive of the  FCA, Mr Martin Wheatley and to the head of AIM, Mr Marcus Stuttard. The latter, laughably, describes himself as The Sheriff of AIM. I think we all know that he is an imposter and who is the real Sheriff.

Tom Winnifrith Bonus BearCast - Tern: Negligence or worse, heads must roll

Published 929 days ago

Deputy Sheriff of AIM, Nigel Somerville has just published evidence of total horrors at Tern (TERN)  - HERE - which will cause private punters awful one month losses. The crony capitalists meanwhile get to enjoy coke and hookers all round. This is, at best, grotesque negligence and at worst it is outright deception. Heads must roll for this AIM Casino omnishambles.

Quindell the next 10 bagger? What do you call a group of Quenron shareholders competition result

Published 965 days ago

I kid you not, someone has just started a thread on ADVFN Quindell the next ten bagger.  The Quindell(QPP) morons are in full cry today convinced that a 1p rise in the share price discredits “the blogger” completely and shows that they are on their way to untold wealth. WRONG. Rob Terry is sitting on £7 million because he’s dumped stock, the morons are heading for poverty. So what do you call a group of Quindell shareholders, we asked for your suggestions for the collective noun on Saturday.

The ShareProphets Christmas Charity Single…Feed the Morons

Published 965 days ago

Tomorrow I will be calling rock stars from across the bear community as we need to think of those less fortunate than ourselves. It is time to record our charity single… Feed the Morons. The message has gone out to Gotham City, Evil Knievil, Paul Scott, Lucian Miers, Paddington Bear, Matt Earl, John Hempton of Bronte, Sam Antar, Muddy Waters, Citron Research, Nigel Somerville, A Huntsman, Dan McCrum, Paul Murphy, Pizza hardman Darren Atwater, Cockney Rebel and Kevin Ashton. We gather tomorrow in Clerkenwell to raise money for those facing a bleak Christmas, Quindell staff and shareholders as we record Feed the MoronsDo they know it’s Christmas?.

Friday Quindell Logo caption Contest Result – Pretty Poor

Published 994 days ago

On Friday we published a photo of a pizza shop at Fort Lauderdale airport which appeared to have provided Rob Terry inspiration when designing the Quenron (QPP ) logo. I asked for captions and the standard of entries was piss poor - no coke and hookers awarded for this one. But the winner is:

The Sherrif of AIM and Deputy Sheriff respond to Angus Forrest of Tern and call for the noose

Published 1117 days ago

We are pleased that Angus Forrest has given his side of the story with regard to what went on at DLM in 2012 - HERE. Whilst we believe his explanations fall short of satisfactory, at least he has taken the time and trouble to respond to some of the questions raised but we still call for the noose. Answering his points in turn…

Angus Forrest of Tern hits back at “unwarranted abuse” from Tom W & Nigel Somerville

Published 1117 days ago

Angus Forrest of Tern (TERN) has asked that we publish in full a letter in which he laments the piss poor journalism of Tom Winnifrith and Nigel Somerville.  We are delighted to publish Mr. Forrest’s letter since we believe it incriminates him even more in scandal.  Our response will follow within ten minutes. Forrest writes: 

Tern! Another Forrest own goal, you’ve got the power to fold, you’re uninvestable, another Forrest own goal, Tern!

Published 1132 days ago

With thanks to Spandau Ballet, I open what I hope will be my final piece on the matter of Angus Forrest, Bruce Leith and Tern (TERN) – at what point do the non-exec and advisors realize that without regime change this company is uninvestable and will thus go bust? For shareholder’s sake one hopes that point is now.

Angus Forrest & Bruce Leith of Tern and that Joke of a CVA Document – a lot more

Published 1139 days ago

Earlier today one of the deputy Sheriffs of AIM, Comrade Somerville, flagged up massive issues with the CVA agreed by Digital Learning Marketplace (DLM), now Alpha Returns (ARGP) under the watch of Angus Forrest and Bruce Leith, the two men now running Tern PLC (TERN), into the ground. But Deputy Somerville misses out a couple of points which just add to the scandal which, in a just world, would mean Forrest & Leith swinging on a corporate noose this week.

AIM Regulation formally asked to investigate Roland “fatty” Cornish …again

Published 1144 days ago

The AIM Regulation Team have confirmed to me that they are already looking into my first formal request to investigate Nominated advisor Beaumont Cornish and its head honcho Roland “Fatty” Cornish. I have today formally requested that the regulators open up a second investigation into what appears to be yet another blatant failure by Fatty to do the job for which he is so generously rewarded.

Tern PLC: Angus Forrest & Bruce Leith must go NOW – An Open Letter to Non Exec & Advisor

Published 1149 days ago

Nigel Somerville has earlier today (HERE) published the most extraordinary evidence of corporate malfeasance at what was Digital Learning and is now Alpha Returns (ARGP). The two directors exposed by Nigel now run Tern PLC (TERN), another sub scale investment company on the AIM Cesspit. I demand that they be fired NOW!

A 5 part tale of woe from the AIM Cesspit - DLM, now Alpha Returns

Published 1150 days ago

A cautionary tale of woe from the AIM Cesspit, a new five part series begins today...

AIM Cesspit Awards 2014 – New Category Announced: Advisor of the Year

Published 1153 days ago

We give thanks to Comrade Somerville of the 1st Oxfordshire Regiment of the Peasants Army who has come up with a cracking idea for a ninth trophy to be awarded at the AIM Cesspit awards 2014 ceremony on June 30th "Advisor of the year"

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