My good pal Roger Lawson will be receiving a superb see you in Court Bitchez letter from my lawyer tomorrow addressing his spurious allegations of libel to go with the one I sent last week concerning his spurious claim of harassment. On Friday his lawyers misled poor Audioboom (BOOM) bullying it to take down an April 2016 bearcast by telling porkies as you can read about HERE. So here is a new bearcast for Roger, for ShareSoc which really needs to consider its position and its association with Mr Lawson and for Barbara Streisand.
When disgraced AIM casino posterboy Mercantile Ports & Logistics (MPL) moves from being a member of the minus 98% club in which it currently sits to being a member of the minus 100% club, I want it known that Nomad Cenkos has been fully aware of massive issues all along and has done nothing other than bank obscene fees. As such we have run a series of letters from a big shareholder to Amber Wood, head of Corporate Governance at Lagos Securities, HERE and HERE and HERE and HERE and HERE and HERE Now for letter six which puts fragrant Amber and Lagos, Nomad to the Quindell (QPP) fraud as well, on notice for when the final wipeout occurs that they will be held accountable. This letter has also been cc'd to AIM Regulation - I know they are useless but surely even they must realise that Lagos Securities has "form."
Tungsten Corporation (TUNG) released its prelims for the year to April 2017 this week and there are few signs that a viable business is emerging from the mess left by founder Edi Truell.
Did you lose money on the wipeout at AIM Casino Paragon Diamonds (PRG) run by Philip Manduca? If so there is, perhaps, a chance to get it back from Nomad and broker Northland which made a killing on fees from Paragon and signed off on all of its statements, the veracity of which has been questioned.
On Friday at 4.30 Provexis (PXS) announced that it had raised £240,000 at 0.5p on top of the £350,000 it raised in May and it has now announced that it had opened the offer out to customers of PrimaryBid. But before you all rush ....
A business story that I have found facinating is the attempted takeover of NISA (the food shop people) by Sainsburys. We don't cover it because there is no investor angle. But the human angle is, always, unpredicable.
In five year time, the king of the fraudsters, Rob Terry of The Innovation Group and Quindell (QPP) infamy says he will be floating his latest ponzi, Quob Park Estate for $1 billion. Bollocks. There is more chance of me getting lucky with the entire Dallas Cowboys cheerleaders squad within the next 48 hours. As the SFO investigation into the £3 billion Quenron fraud ratchets up a gear, the only thing Rob Terry will be doing in five years time is praying that his next Roomie at Ford Open doesn't have a taste for ugly older men.
AIM-listed ASA Resources (ASA), formerly Mwana Africa, has been getting into a right mess of late, with significant funds having been remitted from operating subsidiaries in Zimbabwe and not properly accounted for. Funds remitted to group entities in Hong Kong have not been accounted for and it seems that the bank accounts in Hong Kong appear to remain under the control of two recently sacked directors, Mr Yat Hoi Ning (CEO) and Mr Yim Kwan (FD). It is an all too familiar story for followers of the ShareProphets AIM-China Filthy Forty: directors walk off with the cash, get sacked but can’t be reached. Now ASA tells us that it’s shares are suspended pending financial clarification – and a third director, Mr “Brian” Ching Fung Hung having gone AWOL has now also been removed from the board.
Are there no depths to which disgraced share ramper Roger Lawson of ShareSoc, Globo and blinkx infamy will not go in order to gag a free press? The latest trick from shamed ramper and his fascist lawyers Keystone is to lie to Audioboom. Ramper's lawyers have again been in touch with Audioboom about a post. You will remember that two days a go they argued that a bearcast from July 2017 was libellous and Audioboom did not have the balls to question this and just removed it - full details on thst shameful day plus the bearcast in question now hosted on another platform are HERE. Buoyed by the fact that Audioboom are just plain pussies, the bully boy lawyers and Lawson have tried it on again. So late last night a poltroon called Alex from Audioboom wrote to me:
Minoan (MIN) has announced results for its half year ended 30th April 2017, with Chairman Chris Egleton emphasising “following the dismissal of the Appeals against the Presidential Decree granting Outline Planning Consent for its Project in Crete, and the continued increase in the profitability of its travel business, the Group is about to enter the most rewarding period in its history”…
AIM Casino uber-ramp MySQUAR (MYSQ) 'fessed up on Friday that, as I had revealed 24 hours prior, a placing was underway but it insists that it does not need the cash. Really? I want you to consider a few numbers.
Hello, Share Twiggers. Probably the hardest decisions we have to make as diligent share shifters is when to sell a big winner. Because even the strongest share can reach a point where it is overbought. It may continue to defy gravity for some time, but what goes up too far must come down.
The Global Group UK Investor Show is now recognised as the dominant one day event for folks who want to make money from shares. Now what is in store for 2018? Great things! But first... Book your seat NOW at a 33% discount and make sure you get a very special limited edition book worth £12.99 - this offer ends midnight Monday - TODAY.
Oh how the Lucian Miers baiters were having fun a couple of days ago as UK Oil & Gas (UKOG) shares hit 11p. The Bulletin Boards were full of folks gloating about impending poverty for Lucian and for bears such as Waseem Shakoor. The biggest morons were adding to their holdings as they talked of ever more fanciful targets. Oh dear, as wre speak it is those who averaged up who are now hurting and hurting badly. The shares are just 6p-6.15p.
Two weeks ago exactly AIM Casino listed crock of shit lifestyle company Andalas Energy (ADL) announced some more hot air and jam tomorrow news sending its shares spiking to a peak of 0.14p to buy as Bulletin Board Morons whipped themselves into a semi-orgasmic frenzy of innumeracy and filled their boots. Today the shares are 0.065-0.07p meaning that the paper loss for those buyers at peak moron is already 50%+. Time for a podcast with long term Andalas groupie and well known cardboard box resident Justin the Clown methinks? The bad news for Justin and the morons is that things can only get worse...
ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) has released news of its delayed FY16 numbers in an (almost) no-one is watching o’clock RNS yesterday, released at 4.26 pm – 12.26am local time in China. Goodness me, they must have been putting the wording together for hours! Needless to say, there are still no accounts. In my view the whole thing is a joke and Nomad SP Angel is being made to look foolish: take a look at the directors’ page of the company website!
Optibiotix (OPTI) has announced that its German partner HLH has achieved product registration of capsules containing the Optibiotix product LPDL and started commercial sales to drug stores on July 24.
QUIZ plc (QUIZ) has today listed on AIM, reckoning this “marks an exciting new phase in QUIZ's growth and development as a leading international omni-channel fast fashion brand”. In part one I looked at the current position and in this part two review the growth prospects and valuation…
i3 Energy (13E) floated at 55p earlier this week. Its shares now trade at just 34.5p to sell. Even by the standards of the AIM Casino this has been a god-awful IPO. But it is going to get an awful lot worse.
Last writing on Torotrak (TRK) at the end of May, I concluded hopefully the warnings here have been heeded. This stock remains firmly on the bargepole list. The shares are now slumping further on the back of results for its year ended 31st March…
Following complaints from shamed share ramper Roger Lawson, ADVFN has insisted on a raft of new editorial controls on OneFreeShareTip.com. I did not re-start my life five years ago to be told what I could or could not write. I said no and ADVFN boss Clem Chambers has just said that the website will be shut down. So...our hand is forced ... Welcome to fivefreesharetips.com - we hope you join NOW HERE.
As seen here, Telit's (TCM) distributers are a, um, diverse lot, including a distributer in Vietnam that appears to be a scooter courier firm. Which is nice, and thank you for sponsoring this week's Bulletin Board Moron search.
The failure of the LSE to insist that hapless Nomad FinnCap forces Telit (TCM) to bring in a firm like KPMG to conduct a full forensic review will hurt it even more when this company goes tits up as I noted in a letter to Stock Exchange boss Donald Brydon earlier today HERE. Two sources tell me that the FBI may have bad news for the Boston fraudster Oozi Cats and his Mrs as I explain in this podcast. But the meat of the podcast is explaining why Telit will go tits up and why that could be within six weeks. Enjoy.
You may remember that at the last AGM of the London Stock Exchange (LSE) its chairman,, Donald Brydon CBE, 'fessed up to being a ShareProphets reader and as we chatted afterwards he came over as a thoroughly decent man. But he has, yet again, been failed by his minions in their handling of the biggest AIM fraud of the year, so far, Telit (TCM). Lowly gofers such as the head of AIM Regulation, the fake Sheriff Mr Marcus Stuttad, have allowed Telit to avoid any independent scrutiny of its accounts & business practices despite clear evidence of fraud. That has to change and maybe Brydon will push for that. I have sent him a letter.
If you read the bent, freebie is our middle name, personal financie columnists in the deadwood press, fund manager Neil Woodford walks on water. I disagree and have noted before, that, maybe, after three dismal years, others are starting to see the light. But, with assistance from a leading broker, how about we have a real look at the Woodford Patient Capital Trust (WPCT) but also at the sort of dogs Neil ifalls in love with.
VSA is house broker to Obtala (OBT) so is not impartial. Neither am I as we own a small number of shares following a Dragon's Den pitch as the 2017 UK Investor Show. But the price target suggests real upside and VSA's research team is well regarded and since we happily published an uber-negative piece from Evil Banksta the other day, this offers some balance. VSA has tweaked its forecasts
You may remember that ShareProphets poster Drunken Sailor and I were co-defendants in a libel case a couple of years ago ( which we won). Mr sailor is not a drunk and he is a great sleuth when he wants to be. My pressing concerns about uber ramped Bushveld Minerals (BMN) are its balance sheet, but DS has unearthed another major issue which, for some reason, Bushveld has not covered in an RNS. Perhaps it might do so now? Drunken's post merits a wider audience:
Like Richard Poulden, CEO of PCG Entertainment (PCGE), I have a bit of time for Brian Kinane at Riverfort. As someone who believes in transparency and clear communication, my view is that Brian is trying to bring some of that to the world of small cap funding, particularly where the dreaded phrase “ death spiral” is concerned and there’s a few points here to be applauded. It still doesn’t prevent the obvious question being aimed at Mr Poulden though – WHY RAISE MORE FUNDS NOW?
Some folks think that handing out share options to senior staff is a cost free exercise and b) benefits all shareholders as it incentivizes the board and also aligns their interests with those of stockholders. Bollocks on all counts.
Following the postponement of a significant contract announced at the end of last month, SRT Marine Systems (SRT) has now announced an “AIS Aids to Navigation Contract”, including that “the order is for the world's biggest single deployment of AIS AtoN”. The world's biggest hey, sounds impressive!…
Having reached more than 75p in May, shares in information management technology and services company Idox (IDOX) declined below 60p early last month before recovering above 65p - then declining towards 60p again. The company is now “pleased to announce that it has acquired… Halarose, a supplier of electoral back office software and services to UK local authorities, for £5.0 million, comprising £3.5 million in cash and £1.5 million in shares” (at 61.5p)…
Hello Share Grafters. The congestion in most of our airports will give you the heads-up that air travel is booming. It will continue to do so, especially as more people from developing countries become middle class. But you may still be wary of big airlines.
After a stack of RNSs earlier this year, it has all gone quiet at AIM-listed Advanced Oncotherapy (AVO) since the announcement of the termination of the Bracknor death-spiral. How’s the cash position?
Drilling services company Capital Drilling (CAPD) has announced results for the first half of 2017, including that an initial uplift in activity has broadened with an improving outlook in industrial metals and capital markets activities support. Why then are the shares further lower, below 40p, having been above 60p earlier this year?...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Previously writing on System1 Group (SYS1), then named BrainJuicer Group, as the shares slid below 700p I concluded there still, despite self-admitted “limited revenue visibility”, a clear lack of a Benjamin Graham ‘margin of safety’ (”for absorbing the effect of miscalculations or worse than average luck” e.g. an earnings miss or negative change in stock market sentiment) and I thus continued to avoid. The shares have though recently been above 800p… until a “Trading Update” announcement today…
In the piss poor results for the six months to 30 June 2017, Telit (TCM) highlighted that it had purchased GainSpan and provided the following rather limited commentary on its contribution to the interim results:
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