Published 16 days ago
There seems little point in chastising Standard-listed AIQ (AIQ) for its ridiculous share price – it has been so ever since it listed, through two suspensions and two sets of results which show that its assets – a few coppers and no business – are a tiny fraction of the share price. Quite why the shares have been going up again in recent days is beyond me.
Published 19 days ago
It was Cynical Bear who celebrated the fact that Pembridge Resources (PERE) – now of the Standard List (but suspended) had achieved the dubious honour of being both a ShareProphets AIM-China Filthy Forty company and on its transfer to the Standard List made his own Sub-Standard XI. Last night, at no-one-is-watching (except ShareProphets, naturally) at 5.51pm the company released its FY18 results. To say they were truly shocking would be the understatement of the year.
Published 44 days ago
Hello, Share Bunnies. To describe Prairie (PDZ) mining as speculative is to err on the mild side. Its prospects of rocketing the share price seem good, except for a dispute now in the hands of the Polish courts. Until the dispute is settled, I suppose anything might happen.
Published 67 days ago
Actually I am being generous. One might suggest that certain undergarments are look very combustible. I am sure that when Malcolm becomes aware of this he will wish to revisit his position. This is a scandal, the company has declined to comment and its advisors do not seem to give a damn either, their excuses are risible.
Published 84 days ago
Standard-listed AIQ (AIQ) – an investment company which rather caught our eye last year in the wake of its calamity of an IPO and repeat suspensions thereafter – has published its maiden full year results. Needless to say, they are nothing to write home about (unless you are a ShareProphets writer!)
Published 108 days ago
Back on 27 November 2018, AIM-listed Haydale (HAYD) announced (via RNS Reach, mind you) a collaboration with NEX-listed Wheelsure (WHLP) was being joined by Manchester University’s Graphene Engineering Innovation Centre (GEIC) in a project to develop an intelligent new product pairing Haydale's functionalised graphene sensor technology with Wheelsure's failsafe locking solution. Of course, Haydale needed cash then (as it does now). But then so did Wheelsure (see HERE). As such it all looked like a ramp.
Published 115 days ago
Thanks to the hapless clowns at Northland losing (oops I meant surrendering) their license there are still a stack of stocks which will see their shares suspended on February 1 and booted off the casino for good on March 4 if they cannot find a replacement. The ten at risk are:
Published 140 days ago
AIM-listed The People’s Operator (TPOP) (until Thursday, but suspended) issued a statement at 6.24pm on Friday to update shareholders on its listing status (no Nomad and due to be booted to the great stockmarket in the Sky on 3 January) and its financial position. A prime example of a no-one-is-watching o’clock RNS – and read it carefully and it is clear that the Grim Reaper is hovering, and will strike imminently...
Published 147 days ago
I have spent all weekend being abused on twitter by morons who own shares in Frontera Resources (FRR) - notably @keithcareth, check his feed he is insane - who insisted that I did not know what I was talking about, that the FCA was after me, etc etc etc. I await an apology as today – as was inevitable after our weekend revelations HERE and HERE – the Nomad, Cairn, has quit. The shares are suspended and here is why it is game over.
Published 214 days ago
AIM-listed Vin Murria-reject and currently suspended (it hasn’t got a Nomad) Imaginatik (IMTK) has updated the market this morning on how things are going as it searches for a new Nomad and a new business.
Published 232 days ago
As avid readers of ShareProphets will know, we have been bearish on Imaginatik (IMTK) for ever – firstly for being a duff business, secondly for being a Rob Terry of Quindell infamy stock market darling and more recently because it was going to run out of cash. Despite all that, we almost tipped it as a short term play when the saintly Vin Murria was announced to be considering getting involved but were scared off big time by the share price reaction (the stock shot through the roof) and advised many times that readers give it a wide berth, partly because they would be over-paying and partly because Vin Murria could walk.
Published 325 days ago
I suggested yesterday that things were looking up for Neil Woodford but we can all relax again as matters return to normal with disaster looming around every corner for the star fund manager as Itaconix (ITX) has suspended its shares this morning pending a potential fund raise.
Published 343 days ago
I called Standard Listed AIQ (AIQ) lower when it announced its Open Offer and the shares have (very roughly) halved, but there is plenty more to go. This morning it announced that the offer, at 20p, had been oversubscribed but remember that the net assets per share (all cash) are around 8-10p.
Published 392 days ago
The only surprise is that this didn’t happen sooner. Standard-listed AIQ has been suspended again, under Rule 1510 of the Rules of the London Stock Exchange. Unlike last time, it was not at the request of the company, this is the regulators in action (as opposed to inaction last Friday). It also means that having listed on January 9th this year, the stock has been trading for just 3 days in January and two and a half in April – a total of five and a half days over the course of a day short of fifteen weeks. Is this some kind of record?
Published 393 days ago
On Friday at 1.21pm we published a piece asking what was going on with Standard listed AIQ (AIQ). After all, the shares had only just come back from suspension following a disorderly market from when it was first listed in January. But the share were once again rising sharply, and at 115p way ahead of the 8-10p a share of cash that this cash shell had. At 1.55pm the company released an RNS saying that it:
Published 404 days ago
In one of the most bizarre listings the UKLA has allowed through, AIQ (AIQ) got onto the Standard List in January, only to be suspended three days later. The shares had gone mad, rising to 125p at suspension despite being a simple cash shell having raised money at just 8p. It seems that there were buyers but nobody could sell as their shares were paper certificates which had not arrived. But there were a few other matters too.
Published 518 days ago
The Stock Exchange today took the unusual step of suspending trading in shares in The People's Operator (TPOP) under rule 1510. So what is going on?
Published 567 days ago
Shares in uber-ramped Echo Energy (ECHO) were suspended today after a sharp share price move on Friday forced an admission from the company. Hmmmm, heavy share dealing just before a big announcement. But this is AIM, the world's most successful growth market so that is just a total coincidence just like it always is on the casino. Move along gents..nothing to see.
Published 598 days ago
ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) has at last appointed a new finance director to replace the previous incumbent who left all of a sudden as the company announced it was unable to release its FY16 numbers. Good news...er, well sort of.
Published 601 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).
Published 623 days ago
Lucian Miers can be heard singing in the bath this morning as shares in BNN Technology (BNN) have been suspended. In the last year alone the shares have dived from over 160p per share to the suspension price of 41p, at which its market capitalisation was still a whopping £94 million. Do the maths, at peak price that’s something like £360 million.
Published 629 days ago
We are two days from the end of August and we’ve had diddly squat from ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) which is currently suspended pending accounts. In June it said they would be in July, and that directors were going to pony up to get enough bills paid to see the accounts signed. In July it hadn’t happened and there was no mention of it. Will the accounts appear this time?
Published 660 days ago
AIM-listed ASA Resources (ASA), formerly Mwana Africa, has been getting into a right mess of late, with significant funds having been remitted from operating subsidiaries in Zimbabwe and not properly accounted for. Funds remitted to group entities in Hong Kong have not been accounted for and it seems that the bank accounts in Hong Kong appear to remain under the control of two recently sacked directors, Mr Yat Hoi Ning (CEO) and Mr Yim Kwan (FD). It is an all too familiar story for followers of the ShareProphets AIM-China Filthy Forty: directors walk off with the cash, get sacked but can’t be reached. Now ASA tells us that it’s shares are suspended pending financial clarification – and a third director, Mr “Brian” Ching Fung Hung having gone AWOL has now also been removed from the board.
Published 691 days ago
Well there’s a thing: ShareProphets AIM-China Filthy Forty stock Aquatic Foods Group (AFG) is still having trouble remitting funds from China resulting in the delay of payments to a number of parties whose assistance is required for the finalisation of the audited accounts. In short, the company can’t pay its bills and the shares have been suspended.
Published 723 days ago
Bingo. Off we go. We hope that you averaged down and got on board as we urged the other day as shares in Orogen Gold (RE) have been suspended at 1.7p ahead of a readmission document for what looks like a cracking RTO. This could be the most sizzling Adam Reynolds reverse yet.
Published 725 days ago
An “Update on Serious Fraud Office Investigation and Board Change” announcement from Petrofac (PFC) sees the shares currently crashing further in response...
Published 725 days ago
It seems to be perfectly acceptable for companies on the Casino to complete fundraisings inadequate to see them solvent. Yesterday at 4.22pm shares in AIM-listed Redx Pharma (REDX) were suspended “pending an announcement” by AIM Regulation (the RNS following at 4.35pm – bit of a rush there fellas?) At no-one-is-watching o’clock (6.35pm: after-after-hours) the company announced that administrators had been appointed - just 3 months after the company had apparently raised £12 million in a placing and open offer. Coke and hookers all round for the Nomad and Brokers concerned. Stale bread and water for those sold this particular pup.
Published 766 days ago
The ShareProphets AIM-China Filthy Forty is set to have yet another casualty – this time MoneySwap (SWAP) which is proposing to follow Taihua (TAIH) and Jiasen (JSI) out of the back door via a cancellation EGM to become the twenty-seventh Casino delisting. But this will be after almost eight months suspended from trading. Oh Oxymorons at AIM Regulation, whatever happened to AIM Rule 41 which says that execution comes at the end of six months’ suspension? Why don’t you just apply your own rules? Does the AIM Rulebook count for nothing these days?
Published 785 days ago
AIM Death Row long-termer and ShareProphets AIM-China Filthy Forty play Asian Citrus (ACHL) was suspended pending accounts way back on 28 September last year after its auditor demanded further testing, including visits to the company’s banks to see the bank statements first hand in the wake of allegations that the books had a few, ahem, “anomalies”.
Published 787 days ago
If no Nomad is prepared to act for the FRAUD Cloudtag (CTAG) then its shares, now suspended, will be booted off the AIM Casino. No AIM = no death spiral funding so it will - very soon - run out of, other people's cash, and will go bust. But the first step is being booted off AIM. And, inspired by liar Amit Ben Haim, we have a useful countdown clock until that ouzo moment. Enjoy.
Published 798 days ago
Well thanks to Big Gib and the Glenwick (GWIK) ramping crew for sponsoring last week's Bulletin Board moron contest which served up a raft of entries as you can see HERE. The winner was Juicin Drumroll who spotted this great observation from a Long & Strong Cloudtag (CTAG) moron posting on the ADVFN Asylum with the shares suspended and due to be booted off AIM two weeks from today.
Published 807 days ago
ShareProphets AIM-China Filthy Forty poster-boy Asian Citrus (ACHL) updated the market yesterday that in the light of ongoing allegations of fraud which have thus far prevented release of audited accounts for the year to June 2016, it has now concluded that it won’t get its interims to December out on time either. The shares have been suspended since September 28 last year and now with two sets of numbers outstanding and a deadline under AIM Rules of the 28th of this month to meet or face expulsion from the Casino the fat lady is already humming a merry tune as she gets the lethal injection ready.
Published 811 days ago
Ah diddums all those morons on the LSE Asylum who have spent months insulting and abusing me over Cloudtag (CTAG) are all of a sudden feeling a bit poor now that shares in their darling little fraud have crashed and been suspended. What is needed is a charity event to bail them out. And how about it involves me getting beaten up?
Published 814 days ago
Why were Cloudtag (CTAG) shares suspended yesterday? I answered that in part HERE but can now add more detail. Welcome to the ghastly and murkeyand sordid world of T+10 placings.
Published 815 days ago
At 4.18 PM trading in the shares of AIM listed fraud Cloudtag (CTAG) were suspended ahead of an announcement. I do not know what the news will be but if it was good it would have been rushed out. I assume it is yet more bad news. As I pointed out earlier HERE, Novum Securities has every reason to walk away from the £975,000 placing at 3.75p announced this morning.
Published 815 days ago
With the shares now suspended as a 4.18 PM so more ( almost certainly bad) news on the way it has not been a good day for the morons who own shares in this company without a product. Or so we thought....But apparently the Onitor heart rate tracker was used by some shareholders today as they saw their life savings wiped out and we have a photo of it in action.
Published 815 days ago
It has today been announced that Nomad Cairn will cease to act for AIM listed (pro tem) FRAUD Cloudtag (CTAG) on April 10 at which point the shares will be suspended if no other Nomad is prepared to agree to sign off on lies issued via RNS. The shares have crashed to 2.75p to sell which means that those clients of Novum Securities who were stuffed into a placing at 3.75p THIS MORNING must be well pissed. But fear not... I have a shocking revelation that gets them off the hook.
Published 865 days ago
No-one could accuse United Cacao (CHOC) of hanging around when it came to staging its own fatal car crash. December 22nd to January 4th was all it needed to go all the way.
Yesterday at 4.10 PM Nomad Strand Hanson quit with immediate effect. The shares are suspended and it must be game over. First, a reminder of back to mid December when the shares were 115p.
Published 879 days ago
Well surprise, surprise. AIM-listed CloudTag (CTAG) gets its shares unsuspended and a few days later L1 converts another batch of loan notes, as announced in last night's no-one-is-watching o’clock RNS. OK, no great surprises so far – especially in view of the price action since the suspension was lifted. But look at the terms: has there been a a material and previously unannounced change, and if so, when?
Published 885 days ago
Well I guess it is not dead yet, but ShareProphets AIM-China Filthy Forty poster-boy MoneySwap (SWAP) sure is pushing the line. Having bundled through shareholder authorities to get enough headroom available for a rescue bail-out at its last AGM even without a firm proposal on the table last June, apparently due to the urgency of the situation, here we are six months on and still there is no deal – and the company is running on the fumes of a series of emergency loans. What’s the point?!
Published 885 days ago
Wow! I’d love to have been a fly on the wall over at Cairn Financial as the wording of last night’s no-one-is-watching-o’clock RNS from AIM-listed CloudTag (CTAG) was being, ahem, “discussed.” I wonder how long that lot took to put together….since last Friday? It was a real shocker.
Published 886 days ago
Oh dear, oh dear. Bad news for bulls of AIM-listed (pro tem) CloudTag (CTAG) this morning – and possibly for L1. Last Friday the shares were suspended with no reason being given, “pending an announcement”. An announcement duly followed (at no-one-is-watching o’clock) telling us that L1 had issued another conversion notice and that it was expected that dealings in the Shares will commence on or around 15 December 2016. The shares, however, remained suspended pending another RNS. Well, we’ve had this morning’s AIM notice but no such admission to trading has been announced.
Published 890 days ago
AIM-listed CloudTag (CTAG) has a lengthy charge sheet against it from this site. But now I want to go through the maths on the headroom available to the company to issue shares and warrants to L1 as it converts its loan notes. No doubt the company will wish to clarify the situation – perhaps with the able assistance of its Nomad, Cairn Financial, which we know is watching carefully. Draw your own conclusions from what follows - I've drawn mine!
Published 891 days ago
A great call from Cynical Bear appears to have forced a statement out of AIM-listed CloudTag (CTAG) and a suspension of the shares. But close reading of last night’s no-one-is-watching o’clock statement suggests that the announced loan conversion and warrant issue is not all that it seems. I’ll come back to the issue of headroom later, but first there are a few issues which need to be clarified by the company in short order.
Published 892 days ago
Well here is an early Christmas present for all good bears, Avanti Communications (AVN) has sort of fessed up to the fact that its shares may be suspended from the AIM Casino on 30th December and that it may be facing a new bond default. Oh dear. If that is not a cue to sell as fast as you can, what is?
Published 901 days ago
Yesterday I pointed out that the FRAUD African Potash (AFPO) had applied to join the ISDX lobster pot as of December 8, the day its shares will be suspended on the AIM Casino if no Nomad is prepared to act for it, Cantor Fitzgerald having tired of signing off on its lies. I also pointed out that lyin' Chris Cleverley had failed to tell his shareholders. Today Potash fessed up..but it gets worse.
Published 906 days ago
The Red Flags plastered all over the currently suspended pending accounts ShareProphets AIM-China Filthy Forty play Asian Citrus Holdings (ACHL) can all be found HERE and the latest development is that it has now called its AGM – still with no accounts published – on 28 December, right in the middle of the Christmas and New Year break. I guess the board is saving precious shareholder cash in that it will be able to book a very small room.
Published 919 days ago
Shareholders must be SyQ as a parrot and wish they’d never got involved in this can of worms as a flurry of RNS’s this week move the sorry saga at SyQic (SYQ) towards a close. It’s not looking good for those locked in to this suspended share.
Published 948 days ago
Already suspended ShareProphets AIM-China Filthy Forty play Asian Citrus (ACHL) announced this morning that there has been a bit of a delay in getting its circular together in relation to a property acquisition first announced back in August which seemed riddled with related party issues. Since then the company’s shares have been suspended from trading on the Casino amid allegations of accounting irregularities which have led to a delay in releasing its FY16 accounts.
Published 963 days ago
Ten days ago we identified ten of the (only) seventeen still-listed members of the ShareProphets AIM-China Filthy Forty which had a results reporting deadline of tomorrow (Fri 30 Sept) to meet. Actually, it was eleven as although Asian Citrus (ACHL) has a year-end of March it is dual listed in Hong Kong and only gets three months to report its finals there. But it won’t make it and has been suspended – as has MoneySwap (SWAP) which can’t get its accounts out on time. Which of the Filthy Forty are still to report, with just one day to go?
Published 963 days ago
Strike two. The September reporting season has just taken its second victim of the 17 remaining members of the ShareProphets AIM-China Filthy Forty. Asian Citrus (ACHL) has announced that it can’t get its numbers out by tomorrow’s deadline for the HK Stock Exchange in the wake of allegations over conflicting bank statements and books which have triggered further audit work so as to get to the bottom of it. Thus the shares are to remain suspended over here (having had the plug pulled yesterday lunch time, “pending an announcement”). Oh dear Mr Marcus Stuttard, the Sham Sheriff of AIM, surely this could not be yet another China FRAUD on the Filthy Forty coming to light, could it? But I thought there was no problem of fraud on AIM….
Published 971 days ago
Well that didn’t take long: at 9.53 up goes our piece (HERE) pointing to the possibility that ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) could find itself suspended out of the blue with no warning (apart from HERE) and lo and behold the shares are suspended 37 minutes later (see HERE) because the company can’t get its accounts to March out on time. In view of this and in honour of the disappearance of QE Mr Stewart Dickson (formerly Dick) from Nomad Cantor Fitzgerald in the wake of the African Potash (AFPO) scandal (see HERE) I have changed my name to Mystic Meg.
Published 980 days ago
Following on from the letter from the non-exec Chairman of Nomad-less, Company Secretary-less and registered office-less and suspended Galasys (GLS) in which he warned of huge bills for the company if the motions were passed, the company has announced this morning that all the resolutions have indeed been passed. So what now?
Published 1002 days ago
ShareProphets AIM-China Filthy Forty play Origo Partners (OPP) has had its shares suspended from trading pending clarification of its financial position since 11 March this year, and with a six-month timetable to AIM execution due to expire next month things were looking dire until a no-one-is-watching o’clock RNS at 4.50pm yesterday. It seems as though there may be some light at the end of the tunnel. Has the Filthy Forty turned up some good news? I rather suspect the answer to that may just be yes.
Published 1005 days ago
AIM-listed Galasys (GLS), with its boardroom at war, has seen a succession of departures of late. Its company secretary and provider of the registered office, Computershare, gave the company the heave-ho originally as from 5 August (later extended to today). The one NED whose job security did not depend on court proceedings walked as announced last Friday. And now Nomad WH Ireland has had enough, resigning with immediate effect yesterday afternoon. Is this the final death-knell?
Published 1036 days ago
In its results to June 2015, which were finally published almost six months late and were heavily qualified by the auditor which not only raised a material uncertainty in the Going Concern statement but also issued a disclaimer of opinion on a number of matters in the accounts, we were told that the board of the Filthy Forty's LED International (LED) anticipated the (now more than three and a half months late) interims to Dec 2015 would be announced during the first half of July...
Published 1053 days ago
ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) finally got around to releasing its FY numbers to June 2015 just a few days ago - almost six months late. As discussed HERE the Red Flags are horrific: the auditor (BDO) issued a Disclaimer of Opinion, as well as raising a material uncertiainty in the going concern statement. Quite why the Nomad, Allenby, did not quit on the spot is a mystery to me. But the shares are still suspended as the interims to Dec 2015 are now three months overdue. And that brings me to AIM Rule 41:
Published 1053 days ago
Three strikes and you’re out: ShareProphets AIM-China Filthy Forty Eastbridge Investments (EBIV) – the former China Wonder and then Quihang – announced the resignation this morning of its Nomad, Northland Capital Partners, with immediate effect. The shares are consequently suspended, and if no replacement is found within a month then it is lethal injection time. Mind you, there is a rather more pressing deadline in ten days, in that Eastbridge will be given the boot anyway if it can’t fulfil its investing policy as an AIM investment company by then. Since that was reliant on some hare-brained plan to raise more cash, that surely will now not happen. In short, Eastbridge is toast.
Published 1055 days ago
AIM-China play Grand Group (GIPO) only joined the Casino in January 2015 and consequently missed inclusion in the ShareProphets AIM-China Filthy Forty despite sporting outstanding credentials: Cayman Islands incorporated, ownership of assets through VIE arrangements. Oh and a cash-pile to die for. On listing, investors must have been sorely tempted to grab a grand. This morning the shares were suspended because it can’t get its calendar 2015 accounts out by tomorrow’s deadline. Oops.
Published 1056 days ago
Well you can't say that you were not warned over and over again. This afternoon AIM-listed Rurelec - which has a few balance sheet issues - announced that its FY15 results will not be released by the end of this month (ie by Thursday this week) and so the shares have been suspended. Apparently they are pencilled in for release in a couple of weeks' time but there has to be a question of whether Rurelec shares will ever trade again.
Published 1056 days ago
Shares in AIM-listed Cloudbuy (CBUY) are off by 7% on publication of results for calendar 2015. They make dreadful reading.
Published 1074 days ago
Mr Kung Min Lin served as Chairman of Filthy 40 MoneySwap (SWAP) and PCG Entertainment (PCGE). But before that he served as Exec Director of AIM investing company Sportswinbet (SWB) from the 2005 IPO, which went on to become Power Capital Global (PCGB) with Mr Lin as Chairman. You can follow the progress of the first incarnation HERE. But we’re back from the break and with what's left of the £3 million raised in 2005 it’s now time for the second half: Mr Kung Min Lin’s brother comes to the fore.
Published 1081 days ago
The BBC could not get enough of Piers Linney as a Dragon on the Den. Black, working class and from the North the chap was, we were told, worth £100 million. If only he'd been in a wheelchair and a lesbian and the Beeb would have got the full Politically Correct suite but heck Piers was "minority" enough and the State Funded broadcaster creamed itself. Sadly it was all a myth.
Published 1116 days ago
Time and time again we have warned you that CIC Gold (CICG) would see investors lose everything. That is always the way with companies created by the Boy Scout Mugger, the loathsome Stuart Bromley. The shares are currently suspended on the Standard List following a joke RTO but the odds on them ever trading again are longer than that the Great Wall of China.
Published 1165 days ago
Well you can’t say you weren’t warned: ShareProphets AIM-China Filthy Forty play Origo Partners (OPP) was finally suspended pending clarification of its financial position this morning. It was blindingly obvious that this - or a Nomad resignation - was inevitable. I hope anyone unlucky enough to hold this POS managed to get out even if only with a bag of Tesco Value crisps. Perhaps I should head to Bristol and claim a glass (or two) of Ouzo to toast the Filthy Forty’s 23rd suspension/delisting.
Published 1168 days ago
Oh dear. Things look uber-bleak for serial money burner and AIM Casino disaster story Phorm (PHRM). Its shares are suspended pending discussions with potential investors because it is again out of cash. But has it told those mug punters the bad news from Russia? Methinks not.
Published 1169 days ago
And yet again the Bulletin Board Morons take something of a battering because they thought they knew better. This time it is - essentially bankrupt - Petroceltic (PCI), shares in which have this morning been suspended pending clarification. Ooops a daisy.
Published 1173 days ago
You were warned – and following firstly a BearCast by Tom Winnifrith last year and, as recently as yesterday, a warning from myself HERE, hopefully no readers have been caught out by the announcement now from, and suspension from trading of shares in, LiteBulb Group (LBB)…
Published 1175 days ago
Oh dear. To have one POS turfed off the AIM Casino might be considered unfortuaate but to have two booted off and forced to flee to the ISDX lobster pot looks like carelessness. And so after the tobacco smuggling business of Afriag (AFRI) departed, next up is Doriemus (DOR). Oh dear.
Published 1178 days ago
Anyone who held on to their shares in AIM-listed (pro tem) DQ Entertainment (DQE) ahead of the Nomad resignation-induced suspension had better look the other way now. The company has called the long-awaited EGM which was requisitioned to force through board changes and it looks as though a shareholder wipe-out very much on the cards.
Published 1179 days ago
Shares in ShareProphets AIM-China Filthy Forty stock Auhua "Clean is my middle name" Energy (ACE) are down another 28% this morning after the company confirmed that it has not yet been able to sign up a new Nomad to replace Grant Thornton which steps down with effect from Monday morning. As such Auhua will become the twenty-first company of our Filthy Forty to have left the Casino or be suspended.
Published 1181 days ago
Trading in the shares of Aussie poltroons, the law firm Slater & Gordon (SGH) has been suspended on the ASX ahead of interim results on Monday with the imbeciles flagging that there will be a material write-down of its British assets, notably the fraudulent businesses bought from Quindell (QPP). Oh dear...this is not going to end well for S&G is it?
Published 1183 days ago
Already suspended from trading on the Casino following the resignation of Sanlam as Nomad, Motive TV (MTV) has announced this morning that it has been unable to meet a requirement to pay out £150,000 plus legal costs of another £28,200 in cash to buy in convertible loan notes by 19 Feb 2016. There appears to be an unseemly race about to start between two rival executioners for the privilege of pulling the lever: AIM Regulation has a scheduled date of 16 March in the event that Motive fails to sign up a new Nomad. But are we about to see one of the loan note holders call the Administrators to nip in and take the glory?
Published 1188 days ago
Time is running out for ShareProphets AIM-China Filthy Forty poster-boy Auhua Clean Energy (ACE) to find a new Nomad. It was announced on 29 Jan 2016 that the current incumbent, Grant Thornton, had given notice that it was to quit the post with effect from 29 Feb 2016 (a week on Monday). Barring a miracle (and we know that AIM Regulation has been keen to discourage Nomads from taking on China plays where the previous Nomad has resigned) then shareholders have until Friday of next week to get out or face being lobster-potted.
Published 1191 days ago
Motive TV (MTV) was as of Friday night without a Nomad. It says that it is talking to advisers to find a replacement for Sanlam but if cannot its shares will be suspended from the AIM Casino at the opening bell tomorrow. In one month if no Nomad is prepared to sacrifice its reputation for cash, the shares will be booted off the casino for good. So what do you think will happen. Vote now in our latest poll - deadline 7AM Monday.
Published 1192 days ago
Yesterday saw AIM-listed DQ Entertainment (DQE) release a trading update on its 75%-owned and Bombay listed Indian subsidiary, DQE Entertainment (International) Limited. It was well received by the market and DQE saw its shares advance by some 45.5%. That’s handy for anyone looking to get out, such as anyone with a loan in default being forced to sell their shares (before the Nomad, Allenby, quits in just over a week).
Published 1194 days ago
Already suspended for failing to produce its accounts to June 2015, ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) gave out a Chinese new year update on Monday which covered a number of matters – not least of which is the overdue accounts. And the binning of a JV which started life as a proposed RTO. And the non-completion of an acquisition first announced back in March 2013. And a warning that its working capital position is constrained because its customers are not paying their bills. And the company needs to raise cash or restructure debts. Apart from that everything’s fine!
Published 1204 days ago
Philip Jackson was appointed as CEO of Boxhill (BOX) currently suspended - as noted here - on 24 May 2013 and was, according to the wimpish chairman Lord Tim Razzall, a thoroughly good bloke. Lord Razzall noted: "I am excited by the substantial opportunities that the acquisition of Poseve provides and I look forward to working alongside Phil, James and the existing team." Perhaps he should have looked at Phil's other business interests a little more closely.
Published 1206 days ago
We have warned you often enough that China AIM Norfolk Auhua Clean Energy (ACE) was just not fit for purpose and today its Nomad Grant Thornton has give it one month's notice that it will quit... Auhua says it is talking to another Nomad, yeah right...
Published 1207 days ago
Just when you thought PeerTV (PTV) could sink no lower in the AIM Cesspit it comes up with another shocker. The company is clearly insolvent, it has today admitted to lying to investors which is fraud as it issued shares after that lie and its Nomad ZAI Corporate Finance has formally walked. No-one else will act for it so after one month of suspension its shares will be booted off the AIM Casino. The next point of call will be the administrators and hopefully the rozzers as well.
Published 1208 days ago
The CEO Avi Vermus walked a few days ago and now the only credible player left at PeerTV (PTV), Ossie Weitzman has also stood down as a director. Nomad ZAI Finance is begging him to stay but unless he changes his mind it says that it will quit so the shares have been suspended. Great news.
Published 1210 days ago
Oh dear, things look utterly grim for the grotestquely over-ramped Andalas Energy (ADL) formerly CEB resources (CEB) - interims out today imply that it is now more or less bust and its shares remain suspended.
Published 1221 days ago
As far as I can see ISDX Rules are perfectly clear. Perhaps as a mere pleb I just don't understand, but my reading of the rules is that companies listed on the ISDX Growth Market will be booted off after a maximum of six months' suspension. China Sports was suspended on 9 July 2015 yet here we are six months and five days on and there has still been no execution. Why? Meanwhile we have a new board and all of a sudden proposals to raise new money....and Beaumont Cornish has been announced to have resigned as Corporate Adviser (the ISDX equivalent of a Nomad).
Published 1224 days ago
We have covered ISDX-listed China Sports Development (CSDP) a few times here on ShareProphets already (see HERE). The company has been suspended from trading since 9 July 2015 and as far as I can make out, the shares should have been booted off ISDX by now. Yet despite that, despite having had no Corporate Adviser signing off on its RNSs since 5 June 2015 (and we STILL do not know if Beaumont Cornish has resigned) and despite its interims to June 2015 showing negative assets (which were also the net current assets) to the tune of almost £12,000, just £1,530 of cash at period end but cashburn during the half year of almost £18,000 – and we are now more than six months on – yes, despite all that it was announced yesterday that two new directors had been appointed. What on earth is that all about?!!
Published 1225 days ago
Eastbridge Investments (EBIV) has in various incarnations losts its original shareholders more or less 100% since it joined the AIM casino. Its shares were suspended today on the back of an announcement that just stinks to high heaven.
Published 1253 days ago
Oh dear, the hangover from the Christmas party must have caused a few headaches round at Daniel Cesspit (DAN) but for the AIM listed POS broker life just got that much worse.
Published 1258 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.
Published 1264 days ago
On Friday 20 November, cash-strapped and suspended from trading on AIM pending financial clarification (and now also for having no Nomad or broker) Paragon Diamonds (PRG) announced it had rolled a previous £500,000 loan over into a convertible loan note of £638,750. The terms revealed included that if the company's shares remained suspended for ten consecutive trading days as 16 November 2015 from an event of default could be called by the lender. My calendar says that day ten was Monday of this week.
Published 1265 days ago
Well, well, well. Blow me down with a feather - the shares saw a 25% drop yesterday on the biggest volume for six months and lo and behold, today the Nomad has resigned. Obviously nobody bailed it yesterday knew that this was coming. Obviously. ShareProphets AIM-China Filthy Forty company JQW (JQW) is now on Death Row, pending a one-way journey to becoming the eighteenth of the forty to depart AIM. It is also the twelfth Nomad resignation this calenday year on the Filthy Forty.
Published 1299 days ago
I sincerely hope that the oxymorons at AIM Regulation and the chocolate teapots at the FCA look into what surely must be one of the most blatant cases of insider dealing I have ever seen. No news on the tables, yet the shares are up 53% today and this evening, after-hours, the company has been forced to issue the following RNS:
Published 1299 days ago
On 1 Oct - almost a month ago - shares in AIM-Cesspit poster-boy Daniel Stewart (DAN) were suspended as the company had, for the second year running, failed to publish its accounts on time. The statement issued by the company referred to a funding package, that it [Daniel Stewart] expects to announce shortly, following which it expects to be able to publish its FY 2015 Accounts and resume trading on AIM.
Published 1299 days ago
Having examined Team Stevens and Team Lau, Graham Chester moves on to take a look at Team Wilson/Sacker at UHY Hacker Young in his continuing horror story. Once again, watch as the losses pile up.
Published 1299 days ago
What a great start to the day. Arian Silver (AGQ) - which I have warned folks about time and time and time again see HERE - has seen its shares suspended pending clarification. To the PR dickhead Barretto of Yellow Jersey PR who told me “why can’t you say buy like the other tipsters” I say because it was an overvalued POS now it is a worthless POS. For you Barretto you prize witless tosser:
Published 1301 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.
Published 1302 days ago
Shares in CEB Resources (CEB) will now be suspended for weeks if not a couple of months because – as I pointed out here on Friday – it is about to undertake transactions that amount to a reverse takeover (RTO). But the big question is why has CEO Dave Whitby not been fired for wholesale rule breaches?
Published 1305 days ago
Globo (GBO) has responded to the report published last night by the wicked and evil global shorting conspiracy by saying that its shares will remain suspended until it can issue, what it terms, a full rebuttal of a report it says is false.
Published 1308 days ago
I have been bearish on AIM-listed Rurelec (RUR) all the way down from 3.75p in May. With the shares now down 79% since then, at 0.775p, I sense a notch on the bed-post at Deputy Sheriff of AIM Towers. Rurelec’s 54% controlling shareholder, Sterling Trust, has gone into administration and so we now have (to add to the balance sheet issues) a monster of a stock overhang. Also in the fray is the already suspended AIM-listed IPSA (IPSA), which sees a 30% stock overhang created.
Published 1310 days ago
Oh dear, oh dear. On 1 October shares in AIM-listed Daniel Stewart (DAN) were suspended for failure to publish accounts on time for the second year running. In between times it was suspended again after its previous Nomad resigned. Three suspensions in thirteen months does seem to be a tad careless, does it not? But the 1 October RNS told us that The Company is working on the conclusion of a funding package that it expects to announce shortly, following which it expects to be able to publish its FY 2015 Accounts and resume trading on AIM. It is now 18 October. Well, where is it? Are there a few issues going on behind the scenes that we have not been told about?
Published 1316 days ago
Carry on up the Sefton Resources (SER) shareholders should be warned: trading in shares in your company will be halted sooner than you think and the company will almost certainly be kicked off the AIM Casino a month later, we have it from more than one source that Clem Chambers and those who called for an EGM are not backing down.
Published 1321 days ago
Daniel Stewart (DAN) shares remain suspended because it can't publish its annual results until it does a placing otherwise the (piss poor) numbers will be heavily qualified. What is going on? Is there a wee problem?
Published 1322 days ago
Oh dear. This reads badly for the LSE which reckons that Chinese stocks on the AIM Casino are as good as any other. Nomad Cairn has quit the China ReRun (CHRR) account and after less than two years on the Casino, its shares have been suspended. They will be booted off in a month when no other Nomad volunteers to take this on. No Nomad will touch this with a bargepole following this statement:
Published 1323 days ago
This morning the piss-take that was AIM listed Max Petroleum (MXP) announced the last rites had been conducted on its listing as the company slunk off into oblivion as of 7am this morning. Quite why the company decided it would be a good idea to try to spin the fact that it is insolvent is beyond me. Just say it fellas: All the money’s gone.
Published 1324 days ago
My understanding is that share allotments have to have a corresponding filing submitted to Companies House within a month. So I wonder why, given that AIM Cesspit listed Daniel Stewart (DAN) has had three rounds of confetti (and counting) this year, why there are thus far no share allotment filings showing on the Companies House website.
Published 1329 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.
Published 1337 days ago
Oh dear. It is another dismal day for those invested in the Filthy Forty China Aim stocks with shares in Vmoto (VMT) suspended on the casino after a most bizarre statement. Let’s look at the timeline of what has – to date – been one of the star performing China AIM plays one of only three showing gains since IPO. Make that two now.
Published 1348 days ago
Clean Air Power (CAP, long been missing an ‘R’) has updated on its liquidation process, including that it expects the AIM admission of its already suspended shares to be cancelled in one month…
Published 1377 days ago
Shares in China AIM Casino fraud Camkids (CAMK) should be suspended now. If Nomad Allenby had any decency it would quit at once. The stock is again plunging today (off 16% at 4p) and even the thickest Bulletin Board moron is not buying. So when will the shares be suspended? It is time for a reader poll. Deadline for entries midnight tonight or the suspension time whichever is sooner:
Published 1402 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.
Published 1460 days ago
On Monday evening, New World Oil & Gas (NEW) put itself into “temporary suspension”, pending the outcome of the EGM. Last night New World announced the results of the EGM, but the stock remains suspended. It turns New World’s suspension is now out of its hands. The London Stock Exchange has stepped in and suspended New World, until the settlement situation is resolved.
Published 1487 days ago
Sefton shares are flying again. Everyone who tweets me claims to know what is going on. There is a false market the shares should be suspended. Ditto Gate after my revelations earlier HERE. The podcast then turns to the Horse Hill stocks French Connection, Totally, Avocet Mining, Plethora and Condor Gold (see HERE) . Oh and...Rosslyn Data Technologies....I'm coming for you!
Published 1633 days ago
We’ve hardly been chief cheerleaders for New Range Resources (RRL) here at ShareProphets. However, the efforts of CEO Rory Scott Russell and his team were slowly starting to win me (but not TW) over. In dealing with the Augean stables left behind by Peter Landau, Mr Scott Russell had embraced an openness, never before experienced by long-suffering shareholders of this wretched company. It is true that there were some justified complaints about the level and speed of some of Mr Scott Russell’s disclosures, but for the most part this man was a paragon of virtue compared to his predecessor. To be dumped from his job, because shareholders couldn’t be bothered to vote in the latest AGM is a travesty.
Published 1659 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.
Published 1706 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.
Published 1754 days ago
I found Monday’s announcement from Tangiers Petroleum (TPET) a little strange. In announcing that the TAO-1 exploration well had intersected its secondary objective, Assaka, but had not encountered hydrocarbon shows “based on currently available information”, the board must have known what would happen to the share price. Predictably, it crashed c.40% over the following few days, to close at 7.13p yesterday. What was odd about this announcement is that the company voluntarily unleashed the dreaded duster phraseology on seemingly incomplete information. This morning, dual-listed Tangiers announced it had requested a trading halt on both ASX and AIM “due to pending results from the TAO-1 exploration well”. This now begs the question why Tangiers didn’t suspend its stock on Monday and wait until Tao-1 drill had reached the Assaka total depth?
Published 2218 days ago
Range Resources (RRL) shares will be unsuspended today as it has, as we predicted, announced a merger with an Australian company founded by convicted heroin dealer Frank Timmis and also a placing. Regrettably we got the wrong Timis company in our story, which got the shares suspended here – Range is merging with International Petroleum.