Notes from Underground – Most read articles for the week ending December 6

The most read, non-Tom, article last week was The View From The Montana Log-Cabin As Gold Strengthens, Gold Stocks Surge, Silver Goes Mad by Nigel Somerville at number 7, or number 16 including Bearcasts.

1. Is the London Stock Exchange really going to stop me calling Neill Ricketts a loathsome knob & Roland Cornish "Fatty" to save AIM?
   The Sunday Times says that in order to reinvigorate the AIM sewer the LSE is planning a crack down on abuse of companies ands Nomads on BBs and by what it terms social media influencers. The paper seems confused as you can see below. It is a shame it is written by a proper journalist not some scumbag from social ,media who might have a grasp of the subject matter.
   
   
2. UPDATED after 2nd CEO call: How low will some folks stoop for money? I ask the question of PR platform Investor Meet
   It seems that for the 3rd time in six weeks Amazing AI (AAI) is set to appear on the Investor Meet platform. I wonder how much Investor Meet is trousering for platforming Paul Mathieson who most of the City is rushing to cold shoulder. I called Investor and spoke to its CEO Marc Downes following it up with the email below. Downes seems to think that both Amazing and I have equally valid two sides to a story. He had not bothered to fund out why Guild had quit as advisor last week. Giving moral equivalence to a man who publicly weaponises the suicide of a woman and to the son of that woman is despicable but that is the position Downes seems to take. My email , copying in my lawyers, reads:
   
   
3. BREAKING: A letter from the SEC to Paul Mathieson of Amazing AI and about Paul’s former backer the murderer
   As I flagged up at the time of the 80p IPO , the lending business of Amazing AI (AAI) had already been listed three times before it listed on AQSE. In Australia, the Seychelles and on the US Pink Sheets. Each time, losses were enormous and it all went utterly Pete Tong with delistings and investors losing everything. AQSE Regulation seemed cool with this in allowing the IPO fourth time around although there has been lengthy communications on a number of occasions since. But in the US Pink sheet era ( 2013 to 2019) the SEC did kick up a public fuss. I am preparing a very detailed dossier on that, on spoof M&A activity which were in fact disguised placings, director share sales and appalling financials . That special report will go live tomorrow, but for now….
   
   
4. There is now a whole colony of Lemmings living in Stuart Ashman’s xxxx: this is not democracy
   Our dear leader Sir Keir Starmer is postponing a raft of elections due next year showing a total contempt for democracy and, in effect, blocking the ascent of the saintly Councillor Bick up the Greasy Pole. But TTK appears not to be the only anti democrat in town. I had suggested that comrade Lemming Investor lived in Stuart Ashman’s posterior, now it seems as if the Skinbiotherapeutics (SBTX) CEO is housing a whole family of furry rodents.
   
   
5. BREAKING AIM SCANDAL: Touchstone Exploration accused of £10m lie and threatened with legal action
   As I explained HERE a couple of weeks ago, Touchstone Exploration (TXP) about which I have been a perma bear, is drowning in debt and at best will have to do a massively discounted placing and at worst will gig with the Fat Lady within months. But now, it has just got much worse
   
   
6. Andrew Neil poses a question I want Ed from Islington and the Euroloon Jonathan Price to answer
   Folks like the Euroloon scream and shout about how Brexit has wiped billions off GDP. The “postmaster’s pal” Ed Davy insists that rejoining the EU would answer all this country’s economic problems at a stroke. The rejoiners insist that Brexit has hit GDP by between 4 and 8%. Okay here is a question posted by Andrew Neil, the veteran journalist
   
   
7. The View From The Montana Log-Cabin As Gold Strengthens, Gold Stocks Surge, Silver Goes Mad
   Gold closed the week at $4,218 – a nice increase on last week’s $4,064 as it begins to recover the losses from the all-time high scored in October. Gold stocks, on the other hand, raced ahead as can be seen on the chart below of Gold against its miners’ ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers) and Silver went bonkers, notching up a new all-time high and closing at $56.33.
   
   
8. The fraud Supply@ME Capital behaves better than Skinbiotherapeutics, a patronising FD writes
   Tomorrow sees the AGM of the insolvent fraud Supply@ME Capital (SYME) and unlike Stuart Ashman’s Skinbiotherapeutics (SBTX) it does not treat its shareholders, though they are by definition complete morons, with obvious contempt.
   
   
9. Investor Meet shows it does have a moral compass: CEO Marc Downes is a hero of the day and walks away from Amazing AI
   Yesterday I flagged up that Amazing AI (AAI) was again planning an Investor Meet Presentation and suggested that anyone doing business with a scumbag who weaponized my mum’s suicide had no moral compass. Zak Mir may still be “liking” X posts by Amazing but it seems that other advisors and enablers are abandoning ship. Marc Downes you are my first hero of the day.
   
   
10. Ouzo for TW: Amazing AI says it is to delist from AQSE but statement is complete nonsense ( and defamatory)
    The loans business behind Amazing AI (AAI) had already listed on three Exchanges before it joined AQSE at 80p per share less than two years ago. Each time it racked up huge losses and delisted costing shareholders everything. For some reason Liam Murray at Cairn thought it would be different this time. Today, with the shares suspended at 0.275p after advisor Guild quit because of the weaponization of suicide tweet, Amazing says it plans to leave AQSE. But its defamatory statement makes no sense at all.

The most-listened-to Bearcasts this week were:

1. Tom Winnifrith Bearcast: reading the AQSE Rule Book and tell me why Strategy makes sense and is not a ponzi
   I discuss Amazing AI (AAI), Microstrategy (US:MSTR), Smarter Web (SWC), Hamak Strategy (HAMA), Bluebird Mining Ventures (BMV) and Union Jack Oil (TOAST).
   
   
2. Tom Winnifrith Bearcast: Professional scepticism and Amazing AI and what I want in the Skinbiotherapeutics results
   I start with professional scepticism, Amazing AI (AAI) and its auditors. Then it is Skinbiotherapeutics (SBTX) and what I want to see in its imminent results - mind you when it comes to things from Newcastle, what I want and what I get can be very different.
   
   
3. Tom Winnifrith Bearcast No 2: how do you define "integrity and acting in good faith" you MBE scumbag?
   I start with Tulip Siddiqui MP and Dave Richards MBE, both scumbags. That takes in Lift Global Ventures (LFT) and then I look at Ariana (AAU), the bitcoin price, The Smarter Web Company (SWC), London Bitcoin (BTC), Coinsilium (COIN), Vast Resources (VAST), BSF Enterprise (BSFA), Medpal AI (MPAL) where the joke research note I refer to was penned by Richard "Gollum" Gill not his disgraced colleague Dr Michael Green as I suggest in the podcast, Quantum Energy (MAST), and Defence Holdings (ALRT)
   
   
4. Tom Winnifrith Bearcast No 1: after today's results the reasons the FCA should look into Skinbiotherapeutics and why Stuart Ashman would resign if he had any honour
   I do not know what the FCA would find about events in June but it needs to look. Meanwhile I go through all the reasons why, if he had any honour, the Skinbiotherapeutics (SBTX) boss would be starting to work out his notice today.
   
   
5. Tom Winnifrith BOMBSHELL Bonus Bearcast: BSF Enterprises, the dodgy fund raise with the fraudster
   The £5 to £15 million fund raise itself is dodgy as hell as it is a cut and paste of the Mast Energy (MAST) scam. But the counterparty, secured by the king of the spivs Jon Bellis, is a convicted boiler room fraudster aged 81 operating in the Bahamas. You could not make this up. Will the FCA act on this scandal? Links to articles about Adrian Towning are below.
   
   
6. Tom Winnifrith Bearcast: It is what they do NOT say that matters so much
   I start with Advent Calendars and first Christmas presents swapped. Then it us Satsuma (SATS) and more Amazing AI (AAI) bombshells.
   
   
7. Tom Winnifrith Bearcast No2: when do you put up the Christmas decorations and writing to the regulators
   The Mrs and the kids would be putting up tinsel in September if they had their way. I'd do it while watching my elder son on the telly on Christmas Eve if I had my way. The compromise I agreed to is this weekend but I will also be wring to regulators about Skinbiotherapeutics (SBTX), Touchstone Exploration (TXP) and 1 mystery fella ( to be revealed by Sunday night) as I discuss. I also discuss disproportionately large death spiral ATMs, reference Hamak (HAMA) and why despite its shares soaring 166% today Anglesey Mining (AYM) is a bargepole.
   
   
8. Tom Winnifrith Bearcast No 1: 75 minutes with Andrew Webley, he's not a grifter, he is a nice guy but what about Smarter Web shares?
   For various reasons I found myself on a video call with Andrew Webley today. We had scheduled a 30 minute chat but we talked for 75 minutes. I am a miserable man with few friends but I admit that I like Webley and would happily go for a non alcoholic drink with him. He has made errors but I can accept that they were not deliberate and he is thus definitively NOT a grifter. So does that make shares in The Smarter Web Company (SWC) a buy? No. And I explain why. But at 44.5p are they super overvalued? They might be if bitcoin crashes or if Strategy (US: MSTR) blows up and I don't think Webley would disagree. But he, like many others reckon neither will happen despite the obvious red flag of the corporate jet Strategy is buying for Michael Saylor as you can see in a regulatory disclosure below. . I discuss all of this and bring you the good news that Webley will join me on stage at Sharestock 2026 on September 5. To get your tickets at 2025 prices you must book before December 31 HERE
   
   
9. Tom Winnifrith Bearcast: the Zak Mir & Trustpilot business model is not sustainable
   In today's bearcast on an ouzo day I look at Amazing AI(AAI), Defence Holdings (ALRT), Hamak Strategy (HAMA), Smarter Web Company (SWC), Satsuma (SATS), the wretched and ghastly Mir and Trustpilot (TRST)
   
   
10. Tom Winnifrith bearcast: In house genius PL suggests a way companies can avoid issuing profits warnings
    I start with Christmas, then why all companies should have hybrid AGMs, but some more than others. Finally PL reckons companies can dodge issuing profits warnings with his cunning ruse. I discuss with reference also to AIM Rule 10 and last June's placing by Skinbiotherapeutics (SBTX)