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Published 3456 days ago
On Friday Lenigas Cuba released its pathfinder document, prior to its forthcoming IPO - Tom has already savaged it HERE, but it is in fact worse than even he explained. Unlike previous Lenigas debuts, this one has a number of significant cautionary indicators that all might not be well. At 5p most of Lenigas’ adoring legion of fans will ask what can go wrong? The answer is possibly quite a lot, not least because so many of them have already bought in at 2p. We will soon see whether or not the market has exhausted itself of greater fools, but those that ignore the early warning signs could find themselves caught up in a fierce stock market hurricane from 02 November.
Published 3288 days ago
By email and by twitter last night David Lenigas sank to new depths in an attempt to bully me into not speaking out at UK Investor Show on April 30 explaining why the fat Aussie share ramper has no place on AIM. Mr Lenigas should be truly ashamed as he wakes up this morning to what he posted last night. I doubt he will be. Mr Lenigas and his associate the tobacco smuggler Yusuf Kajee have both in the past tweeted references to my mental health and the death (by suicide) of my mother. And so one of Jabba's offerings last night was
Published 3337 days ago
At least two of the companies involved in Horse Hill will go bust within weeks if they do not issue shares for a bailout placing and thus the ramping of today's (probably good but not great) news from Surrey was shameless with ther fat Aussie Share Pusher David "I won't say who made money from Danadav" Lenigas at the fore.
Published 3442 days ago
An explosive email has emerged, sent by David Lenigas on Friday to various brokers ahead of the disastrous Leni Gas Cuba (CUBA) IPO. Over the weekend false rumours spread across social media that there was a serious stock shortage ahead of the company’s calamitous market debut. The word was that conditions were primed for another potential New World Oil & Gas-style (NEW) short squeeze. If there were any doubt that this was all nonsense, yesterday’s crushing collapse in Leni Gas Cuba’s share price obliterated this. The rumours were completely untrue and it now seems that Lenigas himself forwarded the email below to a number of online stock rampers. Unsurprisingly this email is now doing the rounds.
Published 3458 days ago
Yesterday I raised a number of red flags about the proposed listing of Lenigas Cuba on the joke ISDX market. Not least is the sheer greed of Big Dave Lenigas himself – this is the unacceptable face of capitalism.
Published 3398 days ago
With a hat tip to Duck and Dive on the comments section on this website, I now revisit the shadowy group that brought AfriAg plc (AFRI) into existence an exercise that throws up yet more questions for Jabba the Hutt, useless Nomad Cairn and the chocolate teapots round at AIM Regulation.
Published 3491 days ago
A seemingly innocuous Tweet from David Lenigas on Monday, distancing himself from the looming Sefton Resources (SER) catastrophe, might be an indicator of good things to come for shares of Afriag (AFRI). At 0.36p last seen, Afriag is worth a touch under £5million. There has been little to no market interest in this stock for most of this year. In the last 54 trading session, Afriag has recorded 22 zero volume days and the share price has flat lined. So why might Lenigas feel so committed to this apparent dead duck of a stock?
Published 3400 days ago
The supporters of the trainwreck IPO that is Lenigas Cuba (CUBA) argue that by clever acqusitions Jabba The Hutt will increase the NAV. Net assets currently stand at c 0.65p per share IF one assumes that £1 spent on acqusitions is worth £1. I would argue that it is not and shall demonstrate why below.
Published 3430 days ago
Updated - I have re-read the prospectus - the Travelwelcome stake cost $60,000 - see why that is very embarrassing for David Lenigas indeed. To great fanfare the car crash IPO that is Lenigas Cuba (CUBA) announced back in September that it was getting into travel. But as ever with the great Aussie share ramper David Lenigas this deal is not quite it might appear.
Published 3330 days ago
Another day and another dismal attempt by David Lenigas to ramp shares in ailing Lenigas Cuba (CUBA) on the ISDX lobster pot. Hmmm. Lenigas tells us that ISDX - not AIM - is where the liquidity is so how come not one fucking share has traded in this company since 18 February with not one share traded after this latest ramp and with the shares (listed at 5p) stuck at 0.5p to sell just 3 months later? Answer please Mr Lenigas? And so to today's ramptastic bollocks from Jabba The Hutt.
Published 1717 days ago
Earlier this week, I revealed the plans of Big Dave Lenigas to launch a gold company for London investors, Lenigas PLC. Lucky us. But hang on... just last year Big Dave told us that pot was the place to be. Perhaps you have not kept up to date with recent events in Canada? Yesterday, a small TSX-V listed cannabis investment company served up the notice below:
Published 3403 days ago
Fridays focus of ramping for David Lenigas was AIM listed AfriAg (AFRI) But what is this company and who is involved? I sense the ghost of LonRho, what follows makes this an uber-bargepole stock
Published 956 days ago
We have already apologised a number of times for any suggestion made on this website that Mr David Lenigas was a penny share promoting spiv rather than an objective mining analyst who is so honest and insightful that he must be regarded as a national treasure. But in that vein, the third greatest living Australian after Mr Peter Tatchell and Mr Barry Humphries, appears to have suffered a spot of amnesia when issuing the tweet below yesterday.
Published 3560 days ago
News just crossed the wires that stock-promoter extraordinaire David Lenigas is going to stand down as Executive Chairman of UK Oil & Gas (UKOG). The company’s shares fell sharply in an immediate reaction to this, only to recover quickly. Last seen, UK Oil & Gas was trading at 2.18p and the question on all shareholders’ minds must be who is going ramp the stock now?
Published 627 days ago
Without mentioning that he is the chairman, shameless David Lenigas is again ramping shares in technically insolvent Pennpetro (PPP) again as you can see below. You might care to note from where Lenigas is tweeting.Published 3397 days ago
Now let's turn to Evocutis (EVO), another Jabba The Hutt overpromoted piece of AIM detritus and the issue of transparency. Evocutis initially had 174,675,828 shares in issue. David Lenigas and the team descended and issued 175,000,000 new shares at 0.0012p raising £210,000 (shares admitted 8 Sept 2014), doubling the shares in issue.
Published 1716 days ago
If you are thinking in investing in Lenigas PLC, Big Dave’s soon-to-launch London listed mining investment company, before you open your cheque book, have a quick butchers at events yesterday in Canada. I do hope shareholders in Elixxer, formerly Lenigas Cuba, had vats of lube at the ready.
Published 3733 days ago
Entrepreneur Big Dave Lenigas has got into a spot of bother before for his activities on twitter. I accept that Mr Lenigas is enthusiastic about his investments but for his own sake he should get off twitter now. Pre-placing tweets about Rare Earth Minerals (REM just look wrong. And then there is the email.
Published 3309 days ago
LGO Energy (LGO) has announced that it has raised £1.36 million in a placing at 0.25p and also that contractors have agreed to take payment of £590,000 of debts at the same price. This is a disastrous snub from the London Markets to David Lenigas as it was he who led this attempted bailout and mug punters were being promised a £5 million raise as you can see in leaked email correspondence below. Neil Ritson the hapless CEO of LGO admits that this is not enough, stating in the release:
Published 3753 days ago
David Lenigas is tweeting his upset with James Parter for having suggested that Solo Oil (SOLO) is a sell and has suggested that Mr Parter is likely to be sacked. Let me make this 100% clear to my friend Mr Lenigas and to other CEOs out there who think that I sack anyone for having an opinion. I will NEVER do that.
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