So far you have met the fraudster Queen, the other South Africans on the board who are mired in  this fraud and an enabler, broker Pello and its boss Andy Frangos who are also deeply implicated in  the Umuthi (UHS) bezzle and the patsy NED Colin Bloom. Now for a simple question? How many  shares were in issue when this company floated?

Events have moved apace since this appeared.These shares are not a buy as explained HERE. MyHealthchecked (MHC)  has flagged up what we loyal shareholders can all expect to hear about over the next month or so.  First up on September 29 when we will get the interim results to June 30 and a Q3 trading update.

So far you have met the fraudster Queen, the other South Africans on the board who are mired in this fraud and an enabler, broker Pello and its boss Andy Frangos who are also deeply implicated in the Umuthi (UHS) bezzle. Now to the useful idiot, the patsy Brit on the board. A man in denial….for  three grand a month, the man grinning at you below,Mr Colin Bloom. 

Hello, Share Monkeys. In this weekend’s lesson I look at the possibilities when finding yourself with a share where the price is rising rapidly. Should we sell, hold or buy more? It could depend on the qualities or failings of the individual share. But more likely it’s the momentum, timing and your own personality which are the more important considerations.

Describing itself as an “oil and gas exploration and production company with a focus on Nigeria and West Africa” despite having admitted principal subsidiary, Lekoil Nigeria, “has stated it will no longer fund any of the costs of the company from the cash flow generated from its producing asset, Otakikpo”, Lekoil (LEK) has now made a “Director Loan – Update”-titled announcement. Now why don’t I think this is going to be good news?…

Today has been dominated by exposing the Umuthi fraud. There is a stack more to come on this over the weekend but I hope you have enjoyed it so far. I discuss another couple of aspects of this case and lessons we should alllearn. Then it is onto Audioboom (BOOM) and All Active Asset Management (AAA).

Franco Manca and The Real Greek restaurants company Fulham Shore (FUL) has made a trading update emphasising “accelerating momentum and continued expansion”. What is this latest momentum and expansion and what does it mean financially?…

So we have met the fraudster Queen who managed to float Umuthi Healthcare (UHS) HERE and established that board members were complicit in this criminal and fraudulent IPO HERE. But what of the folks who enabled or facilitated this fraud here in the City of London where ones word is ones bond? Before we turn to the fraud at the heart of Umuthi a brief mention is due of the advisers and we start with Pello Capital, a broker and adviser to Standard listed firms.

The cash crisis at Argo Blockchain (ARB) becomes more evident by the day which is why, though this company is heavily operational and financially geared to the price of 21^st century tulip bulbs, its shares have massively underperformed bitcoin during its recent sharp rally. Today’s news is that Argo has taken advantage of the bitcoin spike to borrow even more dollars.

In part one of this series I established that the flotation of Umuthi Healthcare (UHS) on the Standard List which is regulated by the FCA was organized by a serial fraudster who also made out like a bandit selling shares before and after the IPO claiming they would roof it. But was she acting alone? Did the rest of the board, notably CEO Gert Viljoen and Chairman Advocate Shaun Gresse know about her past? The answer is shocking and can be found in an email from Viljoen which has found its way into my hands.

Oh dear, oh dear. Shares in PCF Group (PCF) which have been “temporarily” suspended since an accounting black hole emerged on 19 May look like they are going to be “temporarily” suspended a  good bit longer. The AIM dog had said that the black hole in the September 30 2020 P&L was going to be less than £750,000. But today…

I’m surprised to see Central Asia Metals (CAML) showing some share price weakness prior to the release of its interim results next week, as I’ve no reason to suspect that they will disappoint the market – in fact I would expect them to be good!

After sending a prospectus for FCA approval again and again since 2017,  Umuthi Healthcare Solutions (UHS) finally got approval on the 24^th attempt and on 4^th March this year, its shares joined the Standard List. Six days after listing, its auditors quit, joining two legal advisory firms who had already resigned in the previous 12 months. The shares were suspended and then trading restored on 25^th May. They were again suspended on 10^th June and look set to never come back as this is the most scandalous of frauds as I shall explain with a series of shocking exposes over the next 48 hours.

Hello, Share Thrashers. A company I’ve commended to you previously has reached another milestone. Blackbird plc (BIRD) is a British outfit successfully working a big change in the way television reaches our homes. It’s just been confirmed that the company now serves 75 TV stations in the USA, spanning 35 states. This is because another company called Town News has just strengthened its existing partnership with Blackbird to serve more broadcasters.

Asiamet Resources (ARS) has made a drilling update on its KSK Contract of Work in Indonesia including that the “first three drill holes completed (approx. 440 metres) at BKZ have intersected strong visible copper and polymetallic mineralization outside the current Resource envelope”. This sounds good.

Previously writing on engineering components coatings company Hardide (HDD), in March with the shares at 32p I reviewed is still well down from 2020-commencing more than 60p justified? – concluding at that juncture I retained prior scepticism and avoided. The shares last closed at 28p, but on the back of a “Contract Award” announcement are currently 37.5p. Is this justified?…

I start with the Chris Cleverly West Ham round-up and what says about our attitude to white collar crime in the UK. What it says disgusts me. I move onto Optibiotix (OPTI). I am still a bull but i explian to the company why it is so unloved. Then finally to Cineworld (CINE) a slam dunk short at 63p. This could be a penny stock after an inevitable debt for equity swap but, taking a 30 year view, I would not buy even then.

Previously writing on TP Group (TPG), I noted it will be interesting to see what Science Group (SAG) hits back with at the General Meeting notice defence. Today Science Group has hit back…

I still cannot see the case for owning shares in a cinema chain, any cinema chain but Cineworld (CINE) has its own additional problems and the debt markets are telling you that thy are going to come home to roost very soon.

Shares in Salt lake Potash (SO4) have been suspended on the ASX since 27 July although on AIM they have traded since 29 July allowing anyone with half a brain cell to get out. The cause of that suspension was an admission of technical issues which meant a delay in production which, in turn, meant that without new funding Salt Lake would crash land in tits up alley by Christmas. As the meeting with the Fat Lady draws ever closer we have news today. Or rather lack of news on that financing.