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.
Earlier today I posted documents which raised serious red flags about the media acquisition made by the fraud Worthington (WRN) – Equity Media Partners Ltd. Oh dear Mr Doug Ware it gets worse. Guess who set this company up in the first place a year before Worthington bought it? Yes…it was the Worthington Company Secretary Richard Spurway and he was acting with Craig Whyte (of Rangers FC fame) and Whyte’s long time business partner Aiden Earley. The email from Spurway below makes that clear. Oh dear. Oh dear.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
turbograndad
Tom,
Hubble double, graft and trouble,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Thepitt
No wonder Quinron were keen to do another reverse merger
hammer69
Tom,
Slam dunk….
BTW Spurway is a NED at WRN, and he also worked at that fine institution Merchant House Group which had links all over to the cabale of Holmes, Whyte & Earley…
H69
MrMoto
Accounts out for Equity Media today, £6 showing as cash at bank. Enough for a round of butties for the team from Poundland.
What an absolute steal this company was it was for 2.5 million shares, that £6 will come in handy for cashflow whilst hitting the $1.5m in 2015 they promised.
FATTY BIGGAR CONTINUES TO INCRIMINATE HIMSELF
There is no possible way the Co House filings for the ‘media assets’ can be consistent and correct. And $1.5m net revenue???
More for the SFO to pick over in due course.