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By Tom Winnifrith, The Sheriff of AIM | Sunday 13 August 2017
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.
This is becoming Globo v2 at a an alarming rate. Today's bombshell dossier on Telit Communications (TCM) nails it as a slam dunk ZERO beyond all doubt. The only way that the shares do not completely crater in the morning is if they are suspended first. And that is exactly what should happen. As such I sent a couple of emails last night. One to tthe head of the Oxymorons Marcus Stuttard and his clueless colleagues, the Keystone Cops at AIM Regulation and the other to the folks at Nomad FinnCap from CEO Sam Smith via head of Corporate Finance Stuart Andrews down to analyst Lorne Daniel with a minor jackal in Corporate Finaance also included in case Andrews is too busy with his polo ponies to read emails on a Sunday. Enjoy!
To AIM Regulation, Marcus Stuttard
TCM - bogus distributors exposed, sales numbers made up, proved
Floated by a fraudster who was a fugitive from US Justice at IPO, Telit is a fraud. I have just published a full dossier exposing a raft of damning new pieces of evidence
I shall publish a follow up tomorrow showing doxzens of bogus distributors.
Perhaps a weekend call to Finncap ahead of share suspension Monday at 7 AM to protect investors may be in order.
I remain, as ever,
Your faithful servant
The Sheriff of AIM
If AIM does nothing about this then folks should sue it for failing to protect investors. Surely after today's bombshell (and there is more to follow later) it is going to have to act. Now to FinnCap, the hapless Nomad for the past six days. Boy how it must be regretting taking on this client!
To Stuart Andrews ( head of Corporate Finance), Sam Smith (CEO), Tim Redfern (Corporate Broking), Lorne Daniel (Analyst), Alex Price ( Corporate Finance)
Detailed dossier just up which proves that your client Telit is a fraud
Dear all at Finncap
And you thought my articles of last week were the main course. Au contraire. I have just waited for the Deadwood Press ( Sunday branch) to show how useless they are and now I am ready to serve up the main course.
Distributors that dont exist, accounts that dont add up - that and much more is now up in a full dossier which I have published above. Enjoy.
If you do not quit as Nomad & broker after this there is truly no hope for you. I would hope that you would share this article with the NEDs and urge them to consider their future too.
With my best wishes on another great day for the Casino
The Sheriff of AIM
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