UK 08:47 Wednesday, 7 October 2026
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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.


ZOE

Why does the fraud Zoetic not sue Tom Winnifrith for libel? The morons get an answer!

This issue seems to be confusing some of the morons who own the humungously overvalued shares in the fraud Zoetic International (ZOE). And so I shall explain why. I shall make it simple as those who are confused are themselves simple and so there will not be too many long words. Before I start, I explain why Zoetic is a fraud.


The morons say “but it has real products which folks can buy so it cannot be a fraud!” They misunderstand the nature of fraud. Nearly all frauds have at their heart a real business. It is just that usually, as in this case, it is a poor one, not a successful one. The fraud comes in deceiving investors or bankers in order to raise money. In the case of Zoetic, it has also lied to customers which has helped inflate sales from bugger all to a bit above bugger all. And it has lied to regulators. So the fraud comes in telling lies to gain a financial advantage. That is fraud and that is why Zoetic is a fraud.


So why is Zoetic not suing me for libel for calling it a fraud? One theory put about on the Bulletin Boards is that I am a penniless peasant and so it is not worth suing me. But if one has a rock solid case, it should make no difference whether someone committing libel is penniless or a plutocrat: the object is to get him or her to shut up and retract. One moron who follows this theory is a chap called echoridge on the ADVFN asylum who posted on 29 May:


Quote of the month from a recent conversation with a good old boy who’s been there, done that: “No one sues winnifrith mostly because they know he has no assets. Just a miserable website that pays him a couple of grand a month from Google advertising if it manages to generate enough clicks. So basically, if he doesn’t keep the phoney outrage amped up, he doesn’t eat. That’s been his ‘business model’, give or take, for 30 years. Sure the FCA is aware of his misbehaviour but until some fed-up company exec gets frustrated enough to bring a largely private prosecution, they just treat him like the family’s crazy, racist uncle at Christmas dinner.”


That would be the FCA which has twice thanked me in recent months for dobbing in companies one of which promptly had its shares suspended. My pay is a private matter which nobody knows but my websites are subscription only so to make money need to get it right not just make up saucy stories. We earn sod all from google advertising!


But echoridge is right. I own nothing in this world but am delighted to be able to live in a 1600s listed Welsh farmhouse in 12 acres by the River Dee when not in a Greek eco-palace, sleeping seven, sitting in 16,000 metres with the view below. This poverty really is a real burden to bear. Gosh, in a few weeks I shall be sitting on the balcony of the Greek place wondering about having another dip in our pool and considering the view below. This poverty really is crushing. Think of how I suffer. If only I was rich like a Zoetic-owning Bulletin Board moron!



 


And of course some PLCs have either threatened to sue me or sued me for libel. It is just that they have all been ridiculed or lost. African Potash’s nomad quit when it realised that I would, under the disclosure process, be getting to see its involvement in a fraud. Quindell was a £3 billion fraud sending in the top law firm at Schillings. I saw them off. Pinsent Masons, Memery Crystal (three times!) and other top firms have been sent into bat against me and sent packing.


For some, it is the realisation that the disclosure process would be a nightmare that scares them off. For instance, I’d love Zoetic to sue me as we could then see all the correspondence between it and PR spinners Buchanan regarding changes to its website after my dossier of February 3rd to cover up its bogus claims to customers, faked customer reviews and much else. Any libel judge would love that. And that is just for starters. All those RNS statements about imminent European rollout, what data allowed financial adviser Allenby to sign off on what was a lie. Disclosure would be a hoot. We already have a list of around 50 areas where we’d be asking for documents and emails.


Others just go ahead and lose. They lose because all that I write can be verified. In the case of the February 3 dossier on Zoetic, the research was awesome. Every claim was verified and just cannot be disputed. PR spinner Henry Harrison Topham who has represented almost ten frauds which I have exposed may have advised his client to change its website to cover its tracks but those old screenshots survive and Topham knows that.


There are folks who argue that it is not worth suing me for libel as no one cares what I write as I am always wrong. Oddly, the same folks seem to obsess about me. But the strange thing is that I am not wrong. On the ADVFN Asylum, they argue that I have got Zoetic wrong. This is not echoridge who says of my farmhouse in 12 acres that I am “ sitting in his converted garden shed home” but another moron, bo90 says:

“Tw hasn’t called it right, the dodgy dossier came out in Dec 2020 and the shares continued to rise for 3 months!!”


Which is all very well but the dossier came out on February 3 when the shares were 75p – they are now 48p and falling. So, on balance, I have got it right. I reckon that in the past few years I have been commended by the FRC or FCA well over a dozen times – I always publish such thanks on this website. And there are numerous more frauds or overpromotes I have called out including all those Chinese scams on AIM, so many of which Harrison-Topham did PR for. Quindell, Cupid, Globo, 3DM, UK Oil & Gas, Gulf Keystone, US Oil & Gas, Akazoo/InternetQ, the list goes on and on and on.


Each time I expose fraudsters, BB morons come up with the same “he usually gets it wrong, etc etc“ line. It is always the same, just like the lawyers’ letters and the regulators thanking me.


The reason Zoetic has not sued is that


a)      I have not said or written anything I cannot prove


b)      Disclosure would kill them


c)      I’d win.


And for that reason, I really wish it would go ahead before it runs out of other folks’ cash and goes bust which it will. It is for exactly the same reasons that Zoetic and those who promote it would rather pretend that it is not suing me as nobody listens to me or because I am so poor. 

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Complete Coverage

That Was the Week that Was 7 Days of ShareProphets

Wednesday »

QBT
ANOTHER EXPOSE: Quantum Blockchain – it is still not telling the truth about the Italian house!
  • By Tom Winnifrith
  • 7 October 2026, 08:33

Tuesday »

Bearcast
Tom Winnifrith Bearcast No 2: It's October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across
  • By Tom Winnifrith
  • 6 October 2026, 16:20
SNX
Synectics – “confident in the group’s growth opportunity” but wasn’t it also confident before?, And…
  • By Steve Moore
  • 6 October 2026, 16:20
KEN
Kendrick: surely statement needed on the placing that is underway?
  • By Tom Winnifrith
  • 6 October 2026, 14:20
TEP
Telecom Plus – trading update emphasises “encouraging progress”, but how ‘encouraging’ really?
  • By Steve Moore
  • 6 October 2026, 14:14
Bearcast
Tom Winnifrith Bearcast No 1: Amaroq day
  • By Tom Winnifrith
  • 6 October 2026, 13:31
MVI
Marwyn Value Investors – interims, “a number of different routes to further value creation” BUY
  • By Tom Winnifrith & Steve Moore
  • 6 October 2026, 12:07
MPAL
MedPal AI – sales are vanity , cash is fact and so is a lack of it
  • By Tom Winnifrith
  • 6 October 2026, 11:45
CLBS
Celebrus Technologies – I having previously questioned its contractual conversion from a “strong” pipeline, what about now a “Half Year Trading Update”?…
  • By Steve Moore
  • 6 October 2026, 11:40
EDEN
EXPOSE: Eden Biosolutions – revisiting the dodgy TerpeneTech transaction as new accounts out, this is as kosher as a pork pie
  • By Tom Winnifrith, the Sheriff of AIM
  • 6 October 2026, 08:57
AVCT
EXPOSE: Avacta Placing – the truth behind Project Hawkeye
  • By Tom Winnifrith
  • 6 October 2026, 08:27

Monday »

HERC
Hercules – “New Water Sector Contract Wins” announcement, ramptastic?
  • By Steve Moore
  • 5 October 2026, 15:50
Bearcast
Tom Winnifrith Bearcast: a challenge for Bexley YC's 57 year old chairman, the Quantum scandal and Amaroq for the FTSE 250 this week?
  • By Tom Winnifrith
  • 5 October 2026, 15:02
QTX
Quartix Technologies – “pleased to report a continuing strong financial performance”, how “strong” relative to the valuation?
  • By Steve Moore
  • 5 October 2026, 14:00
Beggar
What's the benefits bill where you live? Fascinating new tool from the TPA
  • By Tom Winnifrith
  • 5 October 2026, 13:17
VSVS
We tipped the shares then came the bid
  • By Tom Winnifrith & Steve Moore
  • 5 October 2026, 12:34
QBT
EXPOSE: Has Quantum Blockchain misled investors about the Italian House? Part 2
  • By Tom Winnifrith
  • 5 October 2026, 12:15
ENSI
EnSilica – full-year results emphasise “moved into profitability”, but still cash-burning…
  • By Steve Moore
  • 5 October 2026, 11:38
QBT
EXPOSE: Has Quantum Blockchain lied to investors about the Italian House?
  • By Tom Winnifrith, the Sheriff of AIM
  • 5 October 2026, 10:42
PBX
Is it always a bad sign when you switch auditors to PKF Littlejohn?
  • By Tom Winnifrith
  • 5 October 2026, 10:12
Clown
Win a bottle of champagne from Lucian Miers MMT contest
  • By Tom Winnifrith
  • 5 October 2026, 09:15

Sunday »

Bearcast
Tom Winnifrith Bearcast: As YOUR hard earned cash is being used to punt on an AI ramp, I look at the whacky accounts of FN Advisory
  • By Tom Winnifrith
  • 4 October 2026, 20:02
AAU
Ariana Resources – Dokwe project Feasibility Programme update follows interims, Buy
  • By HotStockRockets
  • 4 October 2026, 18:05
Gold
The View From The Montana Log-Cabin As Gold Falls Again In Face Of Bond Rout
  • By Nigel Somerville
  • 4 October 2026, 17:22
Quiz
The ShareProphets Sunday Pub Quiz #366
  • By Darren Atwater
  • 4 October 2026, 13:28
Blackboard
Visual Aid: Who Controls the Critical Minerals Powering AI?
  • By Darren Atwater
  • 4 October 2026, 13:17
URU
URU Metals – Last Minute Results And A Bucket-Shop Special Smash’n’Grab Placing
  • By Nigel Somerville
  • 4 October 2026, 13:16
Reading
Sunday Long Reads: Britain back in EU?, Lazy Hitler, Electrician Wannabee, I, Claudius, AI v the Pope
  • By Darren Atwater
  • 4 October 2026, 13:14
Top-10
Notes from Underground – Most read articles for the week ending October 3
  • By Darren Atwater
  • 4 October 2026, 13:14

Saturday »

Bearcast
Tom Winnifrith Bearcast: £1.2m of questions as the Reabold bid for Union Jack fails
  • By Tom Winnifrith
  • 3 October 2026, 20:46
V3TC
Vaultz Capital – third time lucky? Not on your nelly - more red flags than May Day in Moscow
  • By Tom Winnifrith
  • 3 October 2026, 19:14
Atomic
Video: The Uranium Blow-Off Top, AI Hyper-Scalers & ‘Huge Value’ in The Miners
  • By Tom Winnifrith
  • 3 October 2026, 17:16
BMS
Braemar – half-year trading update, an “increased volatility”-benefitting Buy
  • By HotStockRockets
  • 3 October 2026, 17:10
Price-Vs-Value
ShareProphets readers tips for 2026 prize competition – (just after) end-September update
  • By Steve Moore
  • 3 October 2026, 16:55

Friday »

Bearcast
Tom Winnifrith Bearcast from my sick bed
  • By Tom Winnifrith
  • 2 October 2026, 16:22
KMK
Kromek – “expansion to its revolving credit facility”, but I thought it was profitability “slightly ahead of expectations”?
  • By Steve Moore
  • 2 October 2026, 16:20
EAAS
eEnergy – “pleased to announce” fundraising. Er, really?!…
  • By Steve Moore
  • 2 October 2026, 14:38
Gold
Video: Why These Critical Metals Will Explode Higher, ‘Uncharted Territory’ For Gold
  • By Tom Winnifrith
  • 2 October 2026, 13:21
PDL
Petra Diamonds misleads as it finally fesses to the HMRC winding up petition
  • By Tom Winnifrith
  • 2 October 2026, 13:11
RM
RM plc – sale of Technical Teaching Solutions business, still a sum-of-the-parts Buy
  • By HotStockRockets
  • 2 October 2026, 12:49
VLRM
EXPOSE: Valereum interim accounts demonstrate grotesque non compliances with IFRS 9
  • By Tom Winnifrith
  • 2 October 2026, 12:05
AMRQ
Amaroq – “pleased” with further Nanoq drilling programme and metallurgical test work, here’s why…
  • By Tom Winnifrith & Steve Moore
  • 2 October 2026, 11:57
QBT
Quantum Blockchain Technologies deeper dive accounting nerdery, nothing adds up, wholesale IFRS breaches
  • By Tom Winnifrith
  • 2 October 2026, 11:48
Bear
The Easy Money Fairy Tale Is About To End Violently says the world's second most foul mouthed financial podcaster
  • By Tom Winnifrith
  • 2 October 2026, 11:45

Thursday »

Boom
Fagash vs Chris Gilbert death match Round 2 at Sharestock 2027: early bird priced tickets on sale now
  • By Tom Winnifrith
  • 1 October 2026, 16:34
Bearcast
Tom Winnifrith bearcast: a new share trade
  • By Tom Winnifrith
  • 1 October 2026, 16:22
ECP
EXPOSE: £24m cap Eight Capital Partners declared profit but a looming liquidity challenge
  • By Tom Winnifrith
  • 1 October 2026, 14:43
TPT
Topps Tiles – “expects adjusted profit before tax for the full year to be in line with current market expectations”, not the initial expectations though!…
  • By Steve Moore
  • 1 October 2026, 14:17
QBT
Quantum Blockchain Interims: how is this AIM posterboy company not classified as bust?
  • By Tom Winnifrith
  • 1 October 2026, 13:13
Beggar
To be fair to Andy Burnham and chancellor Healey as the 30 year bond tops 6%
  • By Tom Winnifrith
  • 1 October 2026, 11:26
LST
Light Science Technologies – after just in August “confidence in a strong second half has strengthened”, why are the shares now slumping on a “Trading Update”?…
  • By Steve Moore
  • 1 October 2026, 10:53
ECOB
Eco Buildings – interims, a progress in Albania and elsewhere STRONG BUY, this could multibag by Christmas
  • By HotStockRockets
  • 1 October 2026, 10:40
VLRM
Valereum Interims Part 1: A fess up on past untruths, the auditor calls out cock & it looks to be bust!
  • By Tom Winnifrith
  • 1 October 2026, 10:31
Bully
Paul Mathieson back where he started – my mother’s suicide, this time he ropes in my late father as well
  • By Tom Winnifrith
  • 1 October 2026, 08:06

Wednesday »

WPHO
Windar Photonics – interims, how strong a base now “to restructure and grow the business”?
  • By Steve Moore
  • 30 September 2026, 16:27
Bearcast
Tom Winnifrith bearcast: from Avacta's crazy valuation to a £1 billion joke, Mr Turd and a potential 25 bagger
  • By Tom Winnifrith
  • 30 September 2026, 14:57
KEN
Kendrick interims: do the maths, its got no money at all! Bailout placing ahoy! £24 million Timber!
  • By Tom Winnifrith
  • 30 September 2026, 13:18
TAND
Tan Delta Systems – interims argue “a strategic market position with a compelling offer”. Really?
  • By Steve Moore
  • 30 September 2026, 13:05
TLW
Tullow $393 million tax blow – could that sink the ship?
  • By Tom Winnifrith
  • 30 September 2026, 12:46
Bear
Video: Food Shortages, Inflationary Spiral & Why Gold Miners Will Benefit ‘Tremendously’
  • By Tom Winnifrith
  • 30 September 2026, 11:27
SALT
If Microsalt hits breakeven in 2027 as it promises I am a banana & so is Evil Banksta
  • By Tom Winnifrith
  • 30 September 2026, 10:53
FUTR
Future plc – argues trading “in line”, but why after previously “accelerating” its share buyback is it now to “pause” it then?
  • By Steve Moore
  • 30 September 2026, 10:37
BMV
BREAKING: Sath Ganesarajah of Bluebird breaks the rules yet again
  • By Tom Winnifrith
  • 30 September 2026, 10:09
AGI
EXPOSE: Potentially AI – significant loss in last interims before RTO and breaches of IFRS accounting standards
  • By Tom Winnifrith
  • 30 September 2026, 10:03