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Concerns regarding Roquefort Therapeutics and Ashington Innovations, Patricia Murray writes to the FCA
Patricia Murray of Liverpool has written to the FCA over both Ashington Innovations (ASHI) and Roquefort Therapeutics (ROQ). How a serious regulator can ignore what follows defies belief. Both companies are clearly utterly uninvestable. Ms Murray writes:- By Tom Winnifrith |
- 26 August 2023, 16:27 |
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Letter to PKF LittleJohn – you will be reported to the FRC this weekend over dishonest IPO, marking your card
The auditors to Regtech Open (RTOP) which IPO’d on the Standard List on Friday is PKF Littlejohn where partner Joseph Baulf masterminded the transaction. I have written to Mr Baulf today to flag up his schoolboy errors and that I shall be reporting him and his firm to my good pals at the FRC later this bank holiday weekend.- By Tom Winnifrith |
- 26 August 2023, 16:13 |
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BREAKING: Ashington Innovations - the curious links to alleged and actual criminals of its founders
I have already demonstrated beyond all doubt that the two proposed purchases of Ashington Innovations (ASHI) for £170 million are both insolvent and mired in red flags linked to the struck off dentist and scammer Ajan Rejinald. But what of the two men behind Ashington, Jason Drummond and Jason Smart. Read on and weep.- By Tom Winnifrith |
- 26 August 2023, 15:46 |
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A Bear Growls: Nine Bumper Reasons Why You Should Sell Rather Than Buy Just Now!
I note Malcolm Stacey’s column today on why you should buy now, in line with the old adage of sell in May and go away, come back on St. Leger’s Day. But I have to take issue with that, especially right now. I have immense respect for Malcolm – he was, after all, right all along in our early days: a lone bull in a wood full of bears. But on this occasion I really must beg to differ – as reader will know, the writers on this fine website are not paid to agree so here is why, in my view, that his nine cited reasons are wrong.- By Nigel Somerville |
- 26 August 2023, 07:56 |
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Restore plc – recovery value playing out...
Describing itself as “the UK's leading provider of digital and information management and secure lifecycle services”, Restore plc (RST) recently announced results for the first half of the 2023 calendar year noting “a difficult period” but that “current trading remains in line with the board's revised expectations to achieve an adjusted profit before tax of £31m for the full year”. On HotStockRockets, we noted that we considered that suggested recovery value from a then 142p offer price of the shares just over a week ago. The shares are already now at 180p.- By HotStockRockets |
- 26 August 2023, 07:41 |
Nine Bumper Reasons Why you Should Buy Rather than Sell Just Now.
Hello Share Shunters. That old saw: Go away in May and come back on Leger Day has rarely worked in the past. But it’s been spot on this year. On the share markets we’ve had the most boring summer of all time. But will things change at the start of September when the classic race is held?- By Malcolm Stacey |
- 26 August 2023, 07:41 |
LifeSafe Holdings – “pleased to announce” result of 'retail offer'. Hmmm, really?…
Fire safety products company LifeSafe Holdings (LIFS) states “further to the company's announcement dated 22 August… pleased to announce that, following the closing of the retail offer on the BookBuild platform on 25 August 2023, 315,090 ordinary shares will be issued at a price of 37 pence per retail offer share”. How ‘pleasing’ is this?- By Steve Moore |
- 25 August 2023, 16:15 |
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Zenova: a boastful fisherman wants you to say how clever he is after piss poor interims
The boastful fisherman in this case is Peter Brailey who has texted me repeatedly from the side of some dreary canal where he is spending the day boasting about how big a Roach he almost caught. Peter wants me to remind you about how on 6 October 2021 he warned you HERE that Zenova (ZED) was all hype and no substance. The market cap then was £18 million. Today, at 5p, it is just £4.8 million. But “who’s a clever boy then” warns it will get worse.- By Tom Winnifrith |
- 25 August 2023, 15:36 |
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Tom Winnifrith Bearcast: 10 years is bloody amazing, the Mrs is a saint
I start with a weather report here at the Greek Hovel, will lightening strike twice? I end with what i regard as a miracle, given my track record, tonight the Mrs and I enjoy an early celebration of our tenth wedding anniversary. The woman is a saint. In between I look at Regtech Open (RTOP) and share with you a laughable document below, CMC Markets (CMCX), Guild ESports (GILD), and Versarien (VRS)- By Tom Winnifrith |
- 25 August 2023, 14:55 |
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Proteome Sciences – interims argue “confident of maintaining the good performance”. Er, where was that then?
Describing itself as “a specialist provider of contract proteomics services to enable drug discovery, development and biomarker identification”, Proteome Sciences (PRM) has announced results for the first half of the 2023 calendar year including stating that it “is confident of maintaining the good performance into the second half of the year… cash resources of £3.79m (30 June 2022: £3.20m)”. So what of a current share price response down more than 25% at 6.3p?- By Steve Moore |
- 25 August 2023, 14:54 |
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BREAKING EXPOSE: BlueJay turned down far less dilutive finance ahead of bucket shop placing
When a company opts to dilute its own shareholders more than it needs to you know that management is running the enterprise for itself rather than the business owners and this is a terrible red flag. That brings us to BlueJay Mining (JAY) which, 7 weeks after raising £1.3 million at 1.7p, on 23 August raised just £600,000 at a penny. It did not need to as I today reveal.- By Tom Winnifrith |
- 25 August 2023, 11:05 |
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Can you guess what CMC Markets said on a quiet Friday in the late summer?
A few years ago, Barbra Streisand observed in an interview that she “wakes up most mornings at 6:30 a.m. to check the opening in New York”, and observes the she’s “earned millions trading stocks - several million between 1998 and 2000 alone”. Apparently, her trick is to “be up at 6:30, light a fire, have a hot chocolate and trade until 1 p.m.”. Judging by its comments earlier today, perhaps CMC Markets (CMCX) should try to sign her up as a client…- By Chris Bailey |
- 25 August 2023, 10:12 |
Video: a warning from the world's most bearish hedge fund - $7000 Gold & The Global Debt Contagion Powder Keg
Brian Hirschman is the Managing Partner of Hirschmann Partnership, also known as the “World’s Most Bearish Hedge Fund.” He makes our own Nigel Somerville sound like a sober and moderate fellow.- By Tom Winnifrith |
- 25 August 2023, 09:47 |
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Bluebird Merchant Ventures – Richard Jennings clearing shares overhang, risk/reward STRONG BUY
Bluebird Merchant Ventures (BMV) has announced that Catalyse Capital Ltd has reached an agreement to acquire the 122.5 million shares in Bluebird held by Southern Gold (ASX - SAU), emphasising that this should “remove a significant perceived 'overhang' in the trading of Bluebird's shares and allow investors to focus on the inherent value of the three-project portfolio”. What of a current share price response up to a 0.80p offer price?- By HotStockRockets |
- 25 August 2023, 09:10 |
RWS Holdings – recovery value?...
Half year results from company describing itself as a “world-leading provider of technology-enabled language, content and intellectual property services” RWS Holdings (RWS) included some weaker demand in the current macroeconomic climate and planned investments. However, there looks good reason for some confidence looking ahead and, including with the shares down from above 400p as recently as early this year, we now consider there to be clear value.- By Tom Winnifrith & Steve Moore |
- 25 August 2023, 09:08 |
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Trying to help the FCA on Ashington Innovations – but will it still waive this £170m scam through?
For me this really is an acid test of the FCA’s suitability to approve Standard List prospectuses. You may remember that it waived through that of Umuthi Healthcare (UHS) prepared by a convicted fraudster. It also waived through the bogus Supply@ME Capital prospectus which overstated net assets by 99%. And this week there was Regtech Open (RTOP) with a non IFRS compliant balance sheet so materially overstating net assets, the dirty dozen investors and more. But Ashington Innovations (ASHI) will take the biscuit if the FCA approves the RTO prospectus. Emails were exchanged yesterday.- By Tom Winnifrith,the sheriff of the Standard List |
- 25 August 2023, 08:25 |
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Tom Winnifrith Video Shareshow No 30: pantomime villain Andrew Bell of Red Rock Resources and, from Montana, gold loon Nigel Somerville
I am back with these bonus video shows and in this one my job is to play the sceptic though I own Red Rock Resources (RRR) shares - silly boy ! - and have 25% of my portfolio in gold & PGM shares. In this show I interview Andrew Bell of Red Rock Resources dissect that interview myself and then chat to Nigel Somerville before discussing the gold and PGM shares I own and why. I hope you enjoy the show.- By Tom Winnifrith |
- 24 August 2023, 17:34 |
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Tom Winnifrith Bearcast: Has WH Ireland dumped its Alien Metals shares and if not why not?
I start with apologies and explanations on 2 Bearcasts appearing later than they should. Then onto Alien Metals (UFO), WH Ireland (WHI), Ashington Innovations (ASHI) and another bombshell due this weekend, BlueJay Mining (JAY) and finally Eurasia Mining (EUA) and Jubilee Metals (JLP)- By Tom Winnifrith |
- 24 August 2023, 17:33 |
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Smarttech247 – strategic partnership and contract update, Buy
Cybersecurity services group Smarttech247 (S247) has announced an agreement with behavioural AI-based email security platform business Abnormal Security and that this has already resulted in a contract win with “a global aviation organisation”. What now with this currently helping the shares up to a 35p offer price?- By HotStockRockets |
- 24 August 2023, 17:33 |
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BREAKING: c/o Winnileaks - How Jason Drummond tried to stop folks knowing about Shareprophets exposes!
As my investigations into Ashington Innovations (ASHI) intensify ore and more folks are coming forward. I have an absolute bombshell this weekend which, surely, even the FCA must act upon. Today a source has contacted me via Winnileaks to say how Ashington co-founder Jason Drummond used to publicly say how much he hated our numerous exposes of his antics here on ShareProphets. As you can see below, Drummond was desperate to hide the dirty washing we exposed.- By Tom Winnifrith, the Sheriff of AIM |
- 24 August 2023, 16:21 |