Conrad Windham plans stockmarket comeback - the strange world of Flamethrower (v2)

By Tom Winnifrith, The Sheriff of AIM | Friday 15 April 2016

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Young Conman Windham has listed at least four companies on the ISDX market which have all proved to be complete disasters for investors. This man makes David Lenigas look like Warren Buffett in terms of value creation. Undetered by serial failure - chronicled here - Conman Windbag is now threatening to inflict a new venture on ISDX, Flamethrower PLC. Natch this is a rum and coke too.

If we go to companies house we see that there are two Flamethrower's associated with Conman. The first was incorporated as Flamethrower Ltd on 24 December 2014 with Conman the sole director and £1 share capital and a registered office of Canterbury House, Wretton Road, Stoke Ferry, Norfolk, United Kingdom, PE33 9SQ, On 24 December 2015 it changed its name to Vendequm and as of this month - without ever having filed any accounts at all - it appears to be in the process of being struck off. At least Conman knows how that process works.

But undeterred on 24 December 2015, boy Conrad was busy that day - no Christmas rest for this entrepreneur, he also set up Flamethrower PLC with issued share capital of 400 shares at 0.25p to give total capital of £1 and a registered office of Canterbury House, Wretton Road, Stoke Ferry, Norfolk, United Kingdom, PE33 9SQ. That rings a bell, up there in cousin shagging land there is clearly a hive of capitalist activity.

Flamethrower mark 2 commenced trading - according to companies house filings - on 23 February 2016. Four days earlier it issued 19.6 million shares at 0.25p and then claimed that it had 20 million shares in issue having raised £50,000. Well done Conrrad, maths was never your strong suit. By the way in what way does it "trade?"

On 13 April it raised another £10,000 at 0.25p now claiming to have 24 million shares in issue. Maths is still not Conrad's strongest suit is it? Conrad on the off chance that your original companies house filing (400 shares issues) was correct you now have 23,600,400 shares in issue and have raised £59,601 - not 24 million and £60,000. You do not have to thank me with money for pointing out that your companies house filings do not add up, just remember what a helpful nice guy I am.

This month it also appointed a new director to join Conrad and his long time business partner (ed Taylor) on the board, a Mr Wayne Michael Elliot whose first directorship was at a company where his role (see HERE) was as a holiday entertainment co-ordinator. That experience will prove invaluable as he starts to work with Conrad on his latest business escapade but this time Wayne it will be year round entertainment, not for you, but for me.

The word on the street is that Conrad has now appointed Peterhouse Corporate Finance to handle its ISDX listing and a fundraise but I sense that not everyone at Peterhouse wants to undertake this business given Conrad's track record. Say what you like about Conrad he is consistent. Every business he floats sees shareholders do their conkers, the company issue quite laughable announcements that make the advisors grimace, file Companies House records that are cringeworthy, and it all end in tears.

Selfishly as a writer I'd want this joke company to list on the joke market that is ISDX. I know I will have fun writing about it as it goes down the pan. But, seriously, Conrad's latest Turkish company might make him a few bob and make the advisors a few bob but everyone else will lose out. On that basis, selflessly,I'd hope ISDX or Peterhouse or someone would say "not this time you young scallywag" and tell Conrad to fuck off.

Flamethrower (mark 2) is surely a joke too far. A business which has raised £60,000 and probably spent most of that on advisors and which has ben "trading" for less than 8 weeks is surely not fit to IPO even on a joke market like ISDX is it?

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Comments

4 comments

FailedQS

15 April 2016, 09:46

I was unlucky enough to encounter Conrad as a shareholder in All Star Minerals, where he presided over many years of failure, ie spending other people’s cash and achieving precisely feck all……
He is like an appendix. ie can grumble occasionally and be painful, but ultimately has no identifiable purpose, use or benefit whatsoever.
One thing that you can say though, he has an ego the size of a small planet – god knows why.
Duck and Dive

15 April 2016, 09:49

ISDX will shortly become an even more fertile fraud farm as it is launching live online trading within a week or two. Participating brokers are installing and configuring their Proquote systems now.
elrico

15 April 2016, 11:23

That was a tad harsh, Conrad may not be fluent in accounting, he may not be the best CEO, but he is very good at spotting a niche, to this end, spotting a lemming easily parted with his money, is perhaps his area of expertise.
Geoff

30 June 2016, 12:29

One of Conrad’s schemes,Blue Doe Gold just had it’s final liquidation meeting on June 30th.
All the shareholders there are wondering where all the money went.
Conrad and his cronies seem to be living well off the proceeds,a lot of vulnerable people were conned into Blue Doe and lost all their savings.It seems to be a recurring theme.Start a company up,spend all the money,and then go broke.