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.

Naibu – Comedy and Tragedy – you cannot say I did not warn you

The statement today from Naibu (NBU) is comedy. This is such a slam dunk fraud I cannot see why we bother pretending otherwise. The tragedy is that with the shares still suspended investors face a 100% wipe-out. I turn to the statement and also to the roll of shame and how this MUST BE CAREER ENDING for some folks if AIM Regulation is to retain any credibility. Are you reading Marcus Stuttard, the phoney “Sheriff of AIM”? The Real Sheriff has a message for you too. Let’s start with the statement which comes after a suspension on January 9 as the NEDS sough clarification of Naibu’s financial position.

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Comments

larboulois

18 February 2015, 06:16

Brilliant Tom, but like so much that gets swept under the carpet whilst the next fees, retainers etc. roll in or monthly salary goes in the bank, I expect nothing will get done this side of the next fee, retainer etc. or salary being safely trousered.

Let’s be realistic here, these Nomads, Corporate Financers, Regulators et al have got to keep the gravy train moving for as long as they can – they got bills to meet.
Phil

18 February 2015, 08:00

I will let this popster on the LSE Naibu BB have my comment space:-

KNIGELK
Posts: 13,926
Off Topic
Opinion: No Opinion
Price: 11.50
View Thread (2)
China
Today 13:58
Just as important, is this common? Should we be cautious with the other Chinese based listed AIM companies on the market??
Dave Green

18 February 2015, 08:32

Marcus Stuttard needs to make a statement now! He needs to insist that the accounts at Camkids and China Chinatek are forensically verified. Everyone knows these companies are frauds. If Stuttard is going to sit back and do sweet FA then he should he held liable for any losses investors incur from this point onwards.