Results

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

Published 20 days ago

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

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

Published 50 days ago

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

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

Published 54 days ago

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

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

Published 64 days ago

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

Nyota Minerals – leaving it to the wire

Published 65 days ago

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

Papillon Holdings: More dodgy deals - Tatnall and Longley have no shame

Published 65 days ago

A week after the my last piece on Papillon Holdings (PPHP) in which the silver lining of the RTO being terminated was that the shares could be traded again, bad news hit yesterday with new potential deals being announced meaning that the shares remain suspended and the worse news is that this deal has Longley written all over it….literally. No shame!

AIM-China Grand Group – a chance to bail

Published 66 days ago

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

Why I'm happy to be holding shares in suspended Central Asia Metals

Published 73 days ago

Although you can’t currently trade shares in Central Asia Metals (CAML), given my bullishness on the company I felt that I should take a look at the current situation following news of a suspension in trading at the start of the week.

Levrett: Where’s this goddamn RTO and what about the bloody accounts?!

Published 76 days ago

I don’t normally comment on the ongoing delays of the potential RTO’s of Sub-Standard Shocker XI members as I would be writing on the topic every week but the Levrett (LVRT) story throws up another angle, namely the total disregard to the obligation to announce results; so without a Nomad to enforce compliance with listing obligations, I thought I’d see if I would have any luck.

MXC Capital and the shoddy tale of 365 Agile – the never-in-doubt conclusion: cancellation

Published 83 days ago

Following my piece back in January highlighting this sad tale for the shareholders of 365 Agile (365), I couldn’t let it leave AIM without an appropriate send-off despite, and actually because of, the fact that MXC Capital (MXCP) would much rather this whole debacle would fade away quietly into the night.

Red Leopard Holdings: Shock TR-1’s – Spreadex has been selling out

Published 88 days ago

wrote at the weekend about the surprising lack of TR-1’s at Red Leopard Holdings (RLH), particularly from the largest shareholder Spreadex, with the company having gone into suspension pending an RTO. Well, as if by magic, they arrived yesterday, after hours of course.

Nyota – last chance to get out

Published 95 days ago

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

China fraud Aquatic Foods: crunch time?

Published 118 days ago

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

AIM-China Grand Group – oh dear, now the Chairman walks. Get out!

Published 124 days ago

AIM-China investment company Grand Group (GIPO) has announced the departure of its Chairman. It may not formally be one of our Filthy Forty, but it sure is doing its best to make the grade.

Red Leopard Holdings: Congrats to Mr Akers – he could be an AIM millionaire (again)!

Published 147 days ago

A couple of pieces this weekend on similar themes, namely insiders cashing in and unusual, or complete lack of, TR-1s. This first article looks at the astonishing amount of money seemingly made in no time at all by Chris Akers at Red Leopard Holdings (RLH).

DiamondCorp – Fat Lady in full flow and an investment lesson

Published 192 days ago

Fair play to (pro tem, albeit currently suspended) DiamondCorp (DCP). The news is bad but at least the company is being plain about it. Of course, we have to throw in the obligatory “you can’t say you were not warned” ShareProphets catchphrase, as the writing has been on the wall for months, but yesterday’s after-hours RNS looks to be the cue for a long and arduous aria.

Rurelec – less bad news from Argentina, but has auditor Grant Thornton resigned?

Published 200 days ago

AIM-listed Rurelec (RUR) updated the market last Thursday that its currently crocked power generation plant held in its JV Energia Del Sur in Argentina may get fixed rather sooner than first feared – even if the proposed repair sounds a bit of a Heath Robinson affair. Good news. The slightly more disconcerting news is that the Companies House website is showing an Auditor’s Resignation filing as being processed and available in five days.

Papillon Holdings – Surprise, surprise, the crap deal has come back to haunt them

Published 203 days ago

This week was always going to throw up a few horrors with it being results week for a whole load of the Sub-Standard Shockers XI. I will do a round-up of some of the other comedic moments from the various announcements over the long weekend but Papillon Holdings (PPHP), which failed to get its results out at all, deserves a special mention.

Opera Investments: Third time lucky but a sad farewell

Published 219 days ago

Mixed emotions for me this week as it looks like one of the more entertaining stars of the Sub-Standard Shockers XI, Opera Investments (OPRA), may finally have done a decent looking deal with the Kibo Mining (KIBO) gold assets; however, it looks like it will be heading off for the sunnier climes of AIM as a result, leaving my squad ever so slightly weakened.

Swedes 1 Bulletin Board Turnips nil - Beowulf shares suspended

Published 290 days ago

Shares in Beowulf Mining (BEM) plunged by 39.6% to 8.75p in morning trade prompting a suspension of the shares at just after 10 with the admission of quite disastrous news.

Fitbug's latest update must be a joke surely?

Published 302 days ago

If it wasn’t for the fact that ordinary PIs will have lost a lot of money, the announcements and share price movements in Fitbug Holdings (FITB) over the last couple of days would almost be comical!

MXC Capital and the shoddy tale of 365 Agile – what really went on here?

Published 304 days ago

Steve Moore commented on the collapse at 365 Agile (365) last August HERE but I wanted to write a fuller piece on it highlighting the role of MXC Capital, particularly after the Redcentric (RCN) debacle as there is a lesson for investors here.

Will Onzima ever return to trading?

Published 313 days ago

I see that Onzima Ventures (ONZ) is getting a bit of attention again, with Tom Winnifrith having just covered it in his latest Bearcast, but it is a company that I was planning to give an update on anyway, having followed the story since early last year.

SyQic– Surprise, surprise, it’s been kicked off the AIM casino…..so what went wrong?

Published 323 days ago

The story that I first covered back in June HERE came to its all too predictable end yesterday with the announcement of the forthcoming cancellation of SyQic (SYQ) from AIM. Nevertheless, it is still worth spending a bit of time reflecting on the turn of events so that one can recognise the red flags in the future and avoid a similar investment disaster in the future.

SyQic– Shareholders must be getting a bit SyQ of this saga by now

Published 384 days ago

I first commented on SyQic (SYQ) back in June (HERE) following a strange trading update and the emergence of a takeover bid from the CEO. It subsequently went into suspension having failed to get its results out and, following yet another extension to the takeover process on Friday, it warrants further comment.

New World Oil and Gas – AGM update, warns on delisting. Can the mess be sorted?

Published 395 days ago

Last night after hours AIM-listed New World Oil and Gas updated the market on a number of matters and it looks to be bad news all round. Having already announced that its proposed RTO with Big Sofa was off the table, the latest bombshell was that under AIM Rules it is to lose its listing on 9 November and that it had already agreed to part company with its Nomad (the useless Beaumont Cornish) as from the close next Monday. The mess could hardly seem worse.

New World Oil and Gas – will the Oxymorons apply the same interpretation of AIM Rule 41 as they did with LED Holdings?

Published 397 days ago

Tom Winnifrith has already commented on the appalling mess at AIM-listed New World Oil and Gas. I shall not repeat any of that, but there is one angle to this which is worth mentioning, and it regards the looming deadline as regards the suspension of the company’s shares from trading. Under AIM Rule 41 you get six months and then you are booted off the Casino. Except when you don’t…..

TrendIT – a shocking indictment of the Standard List: part two

Published 398 days ago

Yesterday saw a shocking litany of scandal regarding Iraeli tech play TrendIT (TRIT) of the LSE’s Standard List on the main market. We saw how it managed to gain admission claiming to be raising £4m which didn’t arrive, how its accounts suggest that it was not solvent either before or after the IPO, lost its Broker (Peterhouse) which is yet to be replaced, confusion over which firm was acting for it in its IPO and admission placing, a boardroom merry-go-round, a going concern warning from its auditor and suspension from trading “pending an announcement” we’ve all been awaiting for almost three months  – and it only listed in January! Today we bring you, courtesy of the Global Shorting Conspiracy, a translation of an article published by Israeli newspaper Calcalist.

Life Science Developments – the interesting case of The Diabetic Boot Company (Part 2): The Jim Mellon spoof

Published 408 days ago

I almost spat out my cornflakes with laughter at the ridiculous announcement from Life Science Developments (LIFE) this morning as it entered suspension pending an RTO with The Diabetic Boot Company (“DBC”). Please allow me to explain.

Vote Now in the Filthy Forty Pongy Poll! Which will be the next F40 casualty of the Sept 2016 reporting season?

Published 420 days ago

Last year’s Sept reporting season saw a raft of casualties as members of the ShareProphets AIM-China Filthy Forty either failed to release numbers on time and/or saw the Nomad quit. With less than one week to go until deadline day for interims to June 2016 (or finals to March 2016) there are ten of the remaining 17 members of our iffy index still to report (or announce that they won’t). Which will be the next to get suspended?

Filthy Forty MoneySwap – share price falls below proposed bailout

Published 423 days ago

I wondered HERE whether the proposed rescue refinancing of stricken ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) could get into a spot of bother as the shares were sliding. Now they have slipped below the mooted bail-out price of 0.2c per share.

Filthy 40 MoneySwap – heads you lose, tails er….

Published 475 days ago

ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) has made no secret lately of its dire financial predicament. The investment case appears to be that it either gets a refinancing (with a new board) and survives – but with the new money coming in at a significant discount, or it does not in which case it is bust.

China FRAUD LED, useless AIM Regulation and AIM Rule 41: I despair. And where are the Interims?

Published 491 days ago

The clock is ticking for ShareProphets AIM-China Filthy Forty play LED International Holdings (LED). Actually, the clock ran down to zero last month but still AIM Rule 41 has not been invoked. AIM Regulation is well aware of the situation and has elected to do nothing: the chocolate teapots appear to be happy to flout their own rulebook in blatant fashion.

Sub-Standard Shockers XI Euros review – hmmm, more England then Portugal

Published 494 days ago

With the Euros coming to a close, it’s appropriate to assess the performance of the Sub-Standard Shockers XI over the last month or so. Well, you know it hasn’t gone well when the best performers are those that have been in suspension for the period.

Filthy Forty AIM Casino Elimination Stakes: now in the final furlong but a loose horse has already crossed the line!

Published 506 days ago

The race to see which of the twenty remaining ShareProphets AIM China Filthy Forty companies clocks up a suspension/delisting is hotting up as we enter the final furlong. Yesterday saw the loose horse of Grand Group (GIPO) – a non filthy forty runner but an otherwise well qualified AIM-China play nonetheless – cross the line first with a suspension as it can’t get its accounts out on time. But with a surprise late run GTS Chemical (GTS) now looks clear of the field as they head for the line after announcing plans to delist in August, subject to the forgone conclusion of a vote at its AGM.

Filthy Forty AIM Casino Elimination Stakes – update as the race enters the final stages

Published 508 days ago

I previously highlighted that a good few of the twenty remaining ShareProphets AIM-China Filthy Forty faced a reporting deadline of Thursday this week, 30 June. In honour of Royal Ascot we ran a poll which showed that readers of ShareProphets reckoned on two or three suspensions/delistings to come over the next (now) just under three weeks. The race has now entered the final three furlongs…how are the runners and riders looking?

China FRAUD AIM Casino Elimination Stakes – Poll Result: two or three more casualties on the way

Published 516 days ago

There are just twenty of the ShareProphets AIM-China Filthy Forty still listed – and three of those are currently suspended from trading. In honour of Royal Ascot we asked readers how many suspensions/Nomad resignations/AIM expulsions we would see from those remaining twenty over the next four weeks. 

Reader Poll: Hooray, it’s Royal Ascot! Place your bets for the Filthy Forty AIM Casino Elimination Stakes

Published 519 days ago

ShareProphets is delighted to bring you the Filthy Forty Casino Elimination Stakes in celebration of Royal Ascot - it is time to place your bets! Which of the twenty remaining members of the ShareProphets AIM-China Filthy Forty will be suspended, head over to AIM’s Death Row following a Nomad resignation or be executed over the coming four weeks?

Xtract Resources: Jan tries to do the right thing….and messes up! Share should be suspended

Published 519 days ago

I’ve been a bit harsh on Jan Nelson, the CEO of Xtract Resources (XTR) on a few occasions but, to give him credit, he tried to do the right thing at yesterday’s shareholder presentation and actually tell the truth. Unfortunately, the truth ended up being price sensitive information for a very select audience and the shares should have been suspended as a result.

Strengthening the Sub-Standard Shockers XI squad – CIC Gold, get your boots on!

Published 528 days ago

To be fair, it was a shocking omission from the original squad (HERE) in the first instance but clearly with only three substitutes and three of the squad currently in suspension, I need as many players as I can get and CIC Gold (CICG) fits the bill.

Gable Holdings - how has Nomad Zeus signed off on the dire RNS? It beggars belief

Published 541 days ago

As a long term bear on Gable Holdings (GAH) yesterday's late in the day RNS of doom is a clear vindication and the shares have crashed to 6.75p. But I cannot see how the Nomad, Zeus, manged to sign off on what was said as the RNS makes claims that seem fanciful with regard to a capital injection.

Bushveld Minerals – suspension, proposed RTO, questions

Published 572 days ago

Having spotted the appointment of another joint Broker to AIM-listed Bushveld Minerals (BMN) on 8 April – see HERE – I had wondered if it was placing ahoy. Last Thursday saw the suspension of the shares announced by AIM at lunch-time, pending an announcement, although it took until after-hours on Friday for the company to bother to comment.

EXCLUSIVE: Hulsey Smith knocks Strat Aero for 6 with counterclaim - shares must be suspended

Published 575 days ago

Oh dear. Hulsey Smith filed a counter claim  against Strat Aero (AERO) and four of its directors and we have obtained a copy. It is damning and until these allegations are refuted the stock is 100% uninvestable. Some of them are so severe that AIM Regulation needs to step in, suspend the shares and order a formal investigation. Did, for instance, the board give the CEO a "bonus" to allow him to make share purchases to "bolster the share price", This document begs for an immediate share suspension.

Happy days - Shares in Phorm suspended - Another Kill for The Sheriff of AIM

Published 632 days ago

My only problem is that I have run out of ouzo. Call it poor Phorm (PHRM) but I am thus unable to celebrate the AIM Casino suspension of trading in shares in another POS company in the traditional manner. I shall have to make do with neat orange juice.

Bulletin Board Moron of the Week Contest (4/2016) & last week's winner an MTV Moron

Published 635 days ago

Will today's suspension of shares in Motive TV (MTV) stop the morons who own this stock from dreaming about the golden tickets they own? Will administration stop them? Truly in the land of the morons these fellows are the uber-morons and so last week's contest winner came from among this flock of loons. You can see the full raft of delusion (with Worthington shareholders again featuring) HERE.

DQ Entertainment – requisitioners rock boat but no Nomad news: suspension imminent?

Published 640 days ago

AIM-listed DQ Entertainment (DQE) looks set for imminent suspension on the resignation of Allenby as Nomad on 22 Feb (next Monday) as previously notified by the company on 4 Feb in controversial circumstances. Since then the company has issued three RNSs, none of which has given any update on progress on finding a replacement.

Motive Television – CEO Fertig tries to continue his spin, but Babylon Zoo are warming up to sing!

Published 641 days ago

In August I detailed from Motive Television (MTV) an extraordinary litany of failure (HERE) and that this was continuing HERE. This has been further continued with the company’s latest updates…

Red Flags at Night – DQ Entertainment to lose Nomad

Published 653 days ago

Update: the company re-issued the RNS of last night at 7am this morning, with the correction in the title that it's Nomad was resigning. Now it could be that someone at the company thought it a bit of an oversight, or perhaps the Nomad (Allenby) insisted on the correction. Either way it would appear that any attempt to bury the bad news has backfired in spectacular fashion: the shares are off by 45% last seen. 

China fraud Auhua – heading for Death Row, but what about the Broker situation?

Published 658 days ago

Eighteen Filthy Forty members have already gone and they are still queuing up. Jiasen (JSI) took the heat earlier in the week (and there is more to come on that one) and we already have LED Holdings suspended for failing to release its accounts. Then there is Asian Citrus (ACHL) which looks set to run out of cash – or orange trees – before long. But at the back end of the week came a late surge from Auhua (ACE) to claim pole position for the next expulsion of a China fraud from the AIM Casino.

Jiasen – down another 23%. Is the end nigh?

Published 661 days ago

I note that in the wake of our recent coverage (HERE), shares in AIM-China Filthy Forty play Jiasen (JSI) have cratered another 23% today (last seen) to 2.875p. There has been no news (so far) today, but one senses a bit of a rush for the exit going on.

LED International Holdings – yet another Filthy Forty suspension

Published 687 days ago

Our apologies are due for overlooking one of the ShareProphets AIM-China Filthy Forty companies. The RNS released by LED International (LED) three days before Christmas (HERE) almost passed us by: the company announced early in the no-one-is-watching o’clock holiday period that its shares were being suspended because it had become apparent that the Company [would] not be in a position to publish its audited report and accounts for the year ended 30 June 2015 by the deadline of 31 December.

Paragon Diamonds wishes its shareholders a Merry Christmas by announcing it is to be booted off the Casino

Published 695 days ago

AIM-listed (until Tuesday) Paragon Diamonds has updated the market on its search for a Nomad and the ongoing funding crisis. Merry Christmas, the shares are to be booted off the Casino next Tuesday as it can't find a Nomad to take it on - because the long-promised funding has still not arrived.

Video: Jason Drummond Teathers Financial at Gold & Bears - November 28 2015

Published 708 days ago

In light of subsequent events, the suspension of trading on AIM in shares of Teathers Financial (TEA) I am sure that this video of Jason Drummond will be of some interest to many.

Teathers Financial - Suspended but far from out

Published 715 days ago

There have been deranged comments all day coming from Del Boy Lenigas apologist and diehard LGO Energy (LGO) shareholder Wilrides suggesting that the suspension of shares in Teathers Financial (TEA) means wipeout. As you would expect from an LGO shareholder he has got it all wrong.

Paragon Diamonds - Nomad/Broker walks. Is this the end?

Published 725 days ago

This morning AIM-listed (pro tem) Patagon Diamonds (PRG) announced that its erstwhile Nomad and Broker, Northland Capital Partners, had resigned with immediate effect. If no new Nomad is found within a month then Paragon will be booted off the Casino and in the meantime regardless of any resolution to the comapny's financial problems (if that ever happens) the suspension will continue.

Paragon Diamonds Suspension Update: anyone got 50p for the meter?

Published 728 days ago

Oh dear. Oh dearie, dearie me. AIM-listed, but suspended pending clarification, Paragon Diamonds (PRG) has released an update on its financial position. It reads very badly, and rather suggests that a previous RNS was, ahem, not wholly aligned with the truth. But the financial position of the company looks terrible. Will Paragon soon be a goner?

Rurelec – open offer a doomed last throw of the dice?

Published 736 days ago

AIM-listed and cash-strapped Rurelec (RUR) has proposed an Open Offer as the new management team fights to keep the lights on. But I fear that this potential fund-raising is already doomed to failure. The company admits that it faces a cash-crisis and the writing is on the wall. Here is why.

JQW – filthy forty profit warning as operations remain suspended

Published 740 days ago

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

Daniel Stewart – funding package to be announced “shortly” (again)

Published 757 days ago

On 1 October shares in AIM Cesspit listed Daniel Stewart (DAN) were suspended because the company had failed, for the second year running, to produce its accounts on time. We were told in the suspension RNS that the company was working on a funding package which would be announced “shortly”. Today, more than three weeks later, we have had an update: the company is working on a funding package which will be announced “shortly”. Hmmm.

CEB Resources; victim of slam dunk market abuse

Published 757 days ago

CEB Resources (CEB) has just put itself into suspension pending an announcement on Monday at 0700. No doubt the news is going to be positive, but the trading pattern in this stock since 14:50 yesterday afternoon is deeply troubling. I am a supporter of CEB Resources and would like to see this company do extremely well, but I fear now it is a victim of serious market abuse. Just look at the 5-day chart below.

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

Published 758 days ago

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

My top ten shorts for Christmas – Tom Winnifrith

Published 759 days ago

Circumstances change, share prices change and so ones evaluation of what is in sight as a good short always changes. Challenged by a reader I serve up my ten top shorts/sells for Christmas, with one caveat.

Results round-up a festival of AIM-China Red Flags at the end a festy fortnight on the Filthy Forty.

Published 777 days ago

Phew, what a scorcher! The heat really was turned up on the ShareProphets AIM-China Filthy Forty over the past two weeks. Last week we had one AIM-execution,  a suspension (and subsequent restoration) as Vmoto (VMT) announced a transaction which we find less than credible (HERE) and results from Jiasen (JSI) which prompted Tom Winnifrith to present us with a choice that he was a banana or Jiasen is a fraud. And JQW (JQW) had its operations suspended by the Chinese authorities for contraventions of advertising and pyramid-selling regulations before releasing less than convincing interims. This week saw fourteen of the Filthy Forty racing to the line to get results filed by close of play Wednesday so as to avoid automatic suspension, two of which added to the overcrowding problem on AIM’s Death Row as their Nomad quit. Here is the ShareProphets  round-up of AIM-China Red Flags served up this past week.

Daniel Stewart – suspension calamity on failure to release accounts as it needs to raise yet MORE cash

Published 779 days ago

You can’t say were not warned! Shares in AIM-cesspit poster-boy Daniel Stewart (DAN) have been suspended yet again as the company has failed to release accounts for the year to March 2015 by yesterday’s deadline. But having just raised £1.2 million of cash just at the end of June at the ludicrous price of 3.35p, it looks as though the reason for the lack of accounts is because the company needs to raise even more money. It sounds horribly as though there is a little bit of an issue over getting an audit sign-off. Is this because of a lack of regulatory capital, a reluctance of the auditors (PWC) to pass the company as a going concern, or PWC foreseeing a shortfall?

ShareProphets ID Parade: companies still to report numbers on deadline day as suspension looms.

Published 780 days ago

We started the week awaiting interims and FY results from 14 of the ShareProphets AIM-China Filthy Forty. Following this morning’s round of 7am RNSs, who is still to report? And there is one other we await with considerable interest – the FY results from Daniel Stewart (DAN). Any of the companies which fails to report by the end of the day will be suspended from trading on the Casino.

ShareProphets AIM-China Filthy Forty: who will be next to join the AIM-Casino Death Row?

Published 781 days ago

As flagged up at the weekend HERE there were fourteen AIM-China stocks still to report by the deadline of tomorrow (Weds). It is now Tuesday and we have had just three so far- China New Energy (CNEL), GTS Chemical (GTS) and Asia Ceramics (ACHP). More on those to follow. But already we have had another one join Sino-Casino Death Row in the form of Camkids (CAMK) (see HERE).

Geong – Audit update leaves the company hanging by a thread

Published 782 days ago

Fourteen sets of Filthy Forty numbers to come in by Wednesday to avoid suspension, but AIM-China play Geong (GNG) still, from this morning’s RNS, seems to be wrangling with its auditors over its FY numbers to the end of March this year. There is just so much to go wrong here: will a convertible debt of £1 million get rolled over for another year as hoped? Will Geong get passed as a going concern? Will it get audit sign-off? Will Geong get the numbers out? And then there are the write-offs. It looks grim. Bag of Walkers, anyone?

Cloudbuy – has the Chairman just defaulted on his loan to EFH?

Published 794 days ago

Our understanding of the small print of the ‘loan’ packages between AIM company directors and Equities First Holdings LLC (EFH) is that there are clauses which would trigger a default in certain circumstances. These include non-payment of interest, failing to meet margin call payments and a suspension of trading for more than three days of the stock which has been handed over to EFH. AIM-listed Cloudbuy (CBUY) has been suspended since last Thursday, when the (now ex-) Nomad resigned with immediate effect. The suspension has just entered day four.

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

Published 814 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.

I Demand the FCA & AIM Investigate David Currie and Robert Fielding of Quindell for market abuse and breaching AIM Rules

Published 1078 days ago

The stand in bosses of Quindell, The captains that will see the ship go under are Mr David Currie and the insider dealing Rob Fielding. Together with the insider dealing Finance Director Laurence Moorse they know that cash is well below market forecasts and that profits forecasts will not be met because there are gargantuan write-offs off goodwill and bogus revenues looming – that I proved today HERE.

TEG Group – shares suspended, another reminder to listen when a company warns

Published 1116 days ago

Having warned in September interims that “the group remains at risk unless secure additional finance is achieved”, organic wastes technology group TEG (TEG) has now requested the suspension of trading of its shares “pending clarity on its financial position”.

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