UK 12:43 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
You may not remember Vyke PLC. It disappeared in 2011 from the AIM Casino and went bust shortly thereafter. But it raised millions of pounds from investors thanks largely to the efforts of disgraced crony capitalists Daniel Stewart – and yes Paul Shackleton of Naibu infamy was involved as his name appears on RNS releases – and it was a fraud. The FCA was alerted but did it do anything? Was Daniel Stewart censured and if not why not? At this stage I pass onto a reader who recounts his experiences:
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Comments
Forty Two
Pretty sure I met these guys – bunch of ex-bankers who set up a subsidiary in the US then recognised revenues into it? No end client of course…peachy…
Steve
How can we get this casino cleaned up? How can we bring pressure to bear on the Government?
What about a Select Committee on the FCA regarding these cases – if they are restricted to act quickly and effectively then they should be able to explain that and hopefully this will result in recommendations from the SC to the Gov.
So how can we petition for a SC to look into these AIM rip-offs.
Can shareholders in the UK take out a Class Action against the directors?
A burglar goes to jail for stealing a TV, but blatant AIM fraudsters steal millions and then they do it again and again and again… and nobody in authority does a thing!
Now that the pensions rules are more relaxed and AIM trading is allows for ISAs, etc., how many people need to lose their pension pots before the Gov will finally act?
I will vote in the next election for whichever party promises to clean up AIM!