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Worthington Acid Trip - you just could not make this up - who goes bust first in the Scandi threesome?

By Tom Winnifrith, The Sheriff of AIM | Wednesday 20 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.


Did someone drop some acid into my milk just now because I really feel that I'm on a quite amazing trip. Aceeeeeeed! Its Worthington (WRN) panto time. 

Worthington shares are suspended with it still yet to file an annual report to September 30 2014 and all the money gone. Worthington is nominally suspended as it negotiates a RTO of Nuna Minerals. Nuna Minerals shares are also suspended, in Denmark, as it is in administration.

And so plan C is that Greenland Mining Management run by Patrick Newman, which does not even have its own bank account although it is more than a year old, pays off Nuna's debts with money provided by Worthington gangsta Allan Biggar and then it gets to do an RTO into Nuna which is followed by Worthington doing an RTO into Nuna.

This is clearly all insanity but just to add to the party the white rabbit tells me that the dormouse says that Greenland Mining now appears to be on the verge of being struck off for not filing its annual return. Surely not? Er...yes its true as you can see HERE

I tried to call the Mad Hatter for comment but he was down at the Red Lion as a new witness as Doug Ware signed off on more loan notes.

Craig Whyte was also unavailable for comment.

Hat Tip to Cynical Bear for spotting this.


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Comments

9 comments

  1. PHULOSHITTOE is still posting these long winded blocks of drivel.- this fucking cretin really believes this pish.

    The RNS which announced the ten deals and $2 Billion NAV proves that deal partners are attracted to WRN, are happy to do business with WRN and are happy with the terms agreed.

    WRN has also stated, in the Q&A, that the pipeline of prospective deals has continued to grow. Even if any of the original ten deals had fallen through, there appears no shortage of prospective deals to choose from. Clearly, there is no shortage of prospective deal partners who are keen to partner with WRN.

    Even if, in the unlikely event, all of the original ten deals had fallen through, WRN successfully negotiated $2 Billion worth of deals before and would have no difficulty doing so again, if necessary.

    Whichever way you look at it, there is every reason to believe the conglomerate will resume trading with a large number of deals and many more prospective deals in the pipeline. And since $2 Billion NAV has already been stated by WRN, it’s fair to assume our total NAV most likely remains in that ballpark.

    Suspension in the company’s shares will not have prevented the business from progressing. And since we’re in the business of brokering deals, there is every possibility more deals may have been added over the last 18+ months.

    It was the original ten deals that triggered the RTO which led to the decision to merge with NUNA. And since we remain on that same pathway to resumption, it would appear we remain in the same RTO situation, ie, the size and number of deals remains on a scale that continues to trigger an RTO. Hence the ongoing intention to merge with Nuna.

    Meanwhile, 18+ months suspended and no action taken by the authorities suggests all is well behind the scenes.

    Whilst focus remains on Nuna for now, the bigger picture of course, is all about the conglomerate, the deals and the NAV. Personally, I’m really looking forward to hearing about our other deals, in particular property and consumer goods, both of which should be great for boosting Mcap and SP.

  2. Yeah right PhiloShittoe you t*sser – what have you got to say about this?

    https://nunaminerals.wordpress.com/leaked-emails-reveal-patrick-newman-victim-of-worthington-group-fraud-on-same-day-greenland-mining-management-listed-for-compulsory-strike-off-and-liquidation/

  3. https://nunaminerals.wordpress.com/2016/04/21/april-21-2016-leaked-email-no-2-shows-more-worthington-lies-oleg-sergi-schkoda-never-appointed-despite-false-rns-claim/


  4. Stuart Kaplan

    Wow, just wow.

    Looking at the LSE Asylum posts from today, apparently the wordpress emails are all faked, and it’s all a conspiracy by – wait for it… – Tom Winnifrith!

    When are these jackasses going to wake up?

  5. The waking up process is complete stukaman

    Perhaps TW would like to comment upon the allegations made by Phuloshittoe

    Posted by Philobeddoe on LSE WRN Sunday morning

    19 months suspended and no action taken by the authorities, specifically no strike off action by Company’s House and no cancellation of listing by the FCA, does appear to suggest the authorities are satisfied with WRN. With regard corporate governance, the fact WRN hasn’t had it’s main market listing cancelled by the FCA is proof WRN continues to satisfy it’s ongoing listing obligations. And part of those ongoing obligations involves compliance with rules around corporate governance, specifically DTR 7.2 of the FCA handbook. If the FCA were dissatisfied with WRN’s standards of corporate governance, they do have the power to intervene, assuming they felt WRN’s ongoing obligations for listing weren’t being satisfied. The fact they don’t appear to have done so, does appear to suggest they are either satisfied with WRN’s standards of corporate governance; or that they consider WRN/NUNA is being unfairly targeted, primarily by Tom Winnifrith, and that the threats posed are sufficient to justify and warrant such a “news blackout” during suspension, in order to protect the company, the bod and it’s shareholders – with the exception of officially released company announcements, which we have continued to receive of course.

    I would also echo what PB said around the “leaked emails” – it’s extremely odd and somewhat fishy that Tom Winnifrith hasn’t mentioned the emails on his twitter, website or sharemuppets blog. So why hasn’t he?….

    1. He wrote the emails himself and to do the dirty deed in the most anonymous fashion so as to avoid any possible legal repercussions, he posted it all on an anonymous wordpress blog and simply chose not to mention it, thus the “emails” were successfully deployed and nobody can link him to them (just to cover his backside, just in case).

    2. The emails are false, utter lies, made up trash. Winnifrith knows this and hence cannot plug them as fact because legally that puts him at risk and he knows it.

    3. Winnifrith simply hasn’t seen the emails or got wind of them (not a chance).

    The fact is, IF the “emails” were true, Winnifrith would be all over them. He’d be hammering nails into the coffin with all he’s got. He certainly wouldn’t be maintaining silence on them.

  6. Armitage Shanks

    The “shit for brains” moron probably thinks that he can find Juliet Bravo or Inspector Morse in the yellow pages.

    how fucking backward is this clueless bastard? Please send answers on a postcard to Picto who is a monumental prick and fonters who is the monumental prick’s even dimmer sidekick

    “I’ll do some digging fonters. I know a couple of ex coppers through my work who are now pi’s who dig around and find things out.”

  7. The paranoid arsehole that is Philoshuttoe is continually spunking out his usual shite about the whole world getting it wrong about this shower of lying bastards.

    EVERYONE else is dishonest, corrupt, foolish, holding shorts and now they are fabricating emails to undermine this utter stinking pile of shite.

    GROW UP YOU FUCKING IDIOTARE YOU DOUG WARE?

    “Perhaps the clue to the origin of the “emails” is the WordPress article itself. For months now, similarly written WordPress blogs have been published. Whoever published the “emails” blog, it would appear also wrote and published the others. And it’s not hard to work out by their content and the manner in which they’re written, that the authour of these blogs is most likely Tom Winnifrith. His motive for doing so may be in order to publish fabricated material anonymously – lies effectively, simply because an amonymous blog allows him to do so, whereas he can’t publish material he knows to be fabricated on his own website, presumably for legal reasons. The other reason could be when you google “NunaGlobal” you don’t arrive at a Tom Winnifrith website, whereas you do arrive at the blogs.”


  8. Russ O'Callaghan

    And so it came to pass that…..
    https://beta.companieshouse.gov.uk/company/09408353/filing-history/MzE0NjMzMTg1NWFkaXF6a2N4/document?format=pdf&download=0

  9. The arseholes on the LSE WRN board are getting themselves in a frenzy again.

    Apparently all those non existent shorters that they keep going on about are shitting themselves! YAWN!

    This utter pile of doodoo is going to make them millions anf there are the best part of a few hundred posts over the last 24 hours from every brainless prick who inhabits that board.

    I nominate EVERY one of them for Bulletin Board Moron of the week. Stupidity on this scale is almost beyond comprehension.


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