African Potash (AFPO) has not put out an RNS but it has reassured Bulletin Board Morons that it is is preparing legal action against me. Great news. I cannot wait to see the bitchez in court. The disclosure process will be a hoot. I really look forward to seeing that Letter of Credit from the January 6 RNS because it DOES NOT EXIST. Disclosure here will destroy Potash so bring it on Bitchez;. The statement which PR operatives St Brides has sent to morons by email reads:
Hallelujah, Craven House Capital (CRV) has announced its first investment in years but, as ever, it raises a host of questions, but I think I’ve worked it out. It’s just one of those summer romances that looks great under the holiday sun but less so on under a grey, autumnal sky. I didn’t take Mark Pajak for a Shirley Valentine character!
It’s not every day that I find a small-cap which I think has the potential for serious growth, but I think I may be looking at one in the form of Science in Sport, or “SiS” (SIS). The company has announced this morning that it is set to become the Official Sports Nutrition Partner for Liverpool football this season, in a move which should further raise its profile.
Having initially warned of further downside risk with the shares at 166p HERE, I note shares in Pressure Technologies (PRES) are currently more than 11% lower today, at 140p, on the back of an “Update on Recent Trading”…
Over the past week I have demonstrated quite clearly that African Potash has engaged in securities fraud as lyin' Chris Cleverley has, on a serial basis, lied and misled investors in order to get away a bailout placing. In this podcast I make it clear: lyin' Chris must sue me for libel or must resign in disgrace. I shall up the ante later as more documents fall into my possession. Elsewhere I look at Strat Aero (AERO), Tlou Energy (TLOU), Avocet Mining (AVM), Cloudtag (CTAG) and in a detailed way at Pressure Technologies (PRES).
In last week’s piece on Challenger Acquisitions (CHAL) HERE, I said I would comment further once the interims came out. Well, they were released this morning and, unfortunately for shareholders, there were no surprises.
In two days time African Potash (AFPO) must repay its finance director's wife $1.1 million as it is obliged to clear the most expensive loan in AIM history. It has no cash so prepare for mega dilution as the loan will be repaid in shares at 0.29p per share, or lower. Against that background I have, this weekend, shown that on both January 6 2016 and December 1 2015 it lied to investors ahead of its last bailout placing, it engaged in fraud. The man charged with holding CEO lyin' Chris Cleverley to account on this is perma-tango tanned Labour Lord, Peter Hain. I have written to his Lordship today.
Over the years I have heard a lot of rubbish about asset allocation – your choices between equities, bonds, ‘alternative investments’ and cash – being an 80%+ determinant of your return as well as the notion that stock picking is futile and we should all save time and money buying a bunch of cheap-as-chips tracker funds.
Hello Share Smackers. If there is one sector which can be truly called defensive, it is the giant pharma world. Big drugs companies supply something that no-one in his or her right mind would give up - release from pain and suffering. So even when times are hard, medical giants will continue to make money.
Often it can be hard to value companies in the media sector, and at times quite a lot of future revenue potential is being factored into the current share price and the rate of growth plays a big part in that.
While real earnings growth might be poor in the UK and many other parts of the world, there is still a great deal of jobs activity taking place. Investing in recruiters is the most perfect way to exploit this, and recruiters don’t get much bigger than Hays (HAS)!
The message to my daughter on why I'm rooting for Donald Trump really is now live now and can be found HERE. Meanwhile, over the past week we have demonstrated clearly that there is an almighty stink about both Cloudtag (CTAG) - HERE - and also African Potash (AFPO) - HERE. I have presented the evidence to the FCA and AIM regulation, I explain why this is now an acid test for the credibility of the casino and who exactly is in the firing line.
I have already requested that the FCA and AIM Regulation investigate the deliberate way that investors were misled by African Potash PLC (AFPO) ahead of the January 12 2016 bailout placing with an RNS on December 1 2015 as you can see here. Now evidence is emerging of an even bigger deception in an RNS on January 6 2016 just six days before a bailout placing. I have thus written to both the FCA and AIM Regulation asking both to widen their investigation into both Potash and also Nomad Cantor Fitzgerald and its lead QE, Mr Stewart Dickson. This is a clear case of Securities fraud.
Yesterday I pointed out that the RNS relating to the supposed $5.2 million order that AIM listed fraud Cloudtag (CTAG) had secured from UK distributor had, within months been shown to be a lie - as you can see HERE the guaranteed quarterly order just had not occurred. Now let's move on to whether Second Chance has any chance of fulfilling the "guaranteed" $5.2 million order for calendar 2016. Let's go to Companies House.
The poster was explaining to the many ignorant people who did not have the wit to understand Premier Cru's business model that what the ignorant thought was a fraud, was merely a savvy and sui generis business model.
I have already shown quite conclusively that African Potash (AFPO) misled investors in a material way with an RNS of December 1 2015 as you can see HERE. That should be enough to see the authorities slam both Potash and Stewart Dickson et al at Nomad Cantor Fitzgerald. But it gets worse. I now accuse Potash of lying in an RNS on January 6 2016 just 6 days before the bailout placing. It is lie after lie after lie from this company.
The IMF is getting nervous, and what it appears to be most concerned about, is a collapse of the status quo. Recently in a speech in Washington, IMF head Christine Lagarde said that "The greatest challenge we face today is the risk of the world turning its back on global cooperation—the cooperation which has served us all well. We know that globalization - and increased integration - over the past generation has yielded many economic benefits for many people."
The market got rather excited last week about news of a licence agreement for Alexander Mining (AXM), but when you take a closer look it is hard to see why!
I start with an apology to Ms Jo Hart of Midas in the Daily Mail who I termed a silly witch who shames our profession last week. She is, in fact, clearly the world's greatest tipster for today she has lavished praise on a stock we own shed loads of- Concepta (CPT). I end with a note that I have put my daughter straight on Donald Trump HERE. The bu;t of the podcast discusses bigger fool investing with reference to Cloudtag (CTAG) and I explain why Cynical Bear was far too kind on the POS company earlier today and why I am reporting Cloudtag and its Nomad Cairn to the regulators for either lying to investors or misleading them in a material way four days before a bailout placing.
I see The Sunday Times has plastered all over the front page of its business section the observation that as ‘Speculators, including hedge funds, racked up short positions on the pound worth $7.8 billion (£5.9 billion) last week — the largest ever’ the British currency is a cast iron certainty to be junked over the next few weeks or months.
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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