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Andrew Monk’s latest disgrace: Cook’s Coffee subsidiary Triple Two going bust

Now I really am ashamed to be the unwitting owner of £120 worth of shares in VSA Capital (Very Sexy Andrew), the broker and financial adviser run by egomaniac Andrew Monk, a man – as he mentions daily – educated at Oriel College Oxford. In November of last year VSA racked up a big corporate fee getting an Aquis dual listing for New Zealand listed coffee chain Cooks Coffee (COOK). Cook’s was – as I showed here – essentially insolvent at the time and VSA's forecasts to get the IPO away were a disgrace..

NEWSFLOW

Cooks Coffee (#COOK) – expects to appoint administrators to its Triple Two coffee franchise business, more shambles for Andrew Monk’s #VSA Capital

NEWSFLOW

Cooks Coffee (#COOK) – Almost bankrupt, VSA Capital shambolic IPO appoints Oberon as joint broker. Wonder why?!

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Andrew Monk bastard IPO, Cook’s Coffee Annual Report out – guess what it was hiding?

Publishing its prelims on May 30, the RNS was abridged, the numbers unaudited and I speculated - correctly - HERE as to what disgraced Andrew Monk’s most shameful IPO of 2022 was hiding. The Annual Report is now out and guess what?

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Cook's Coffee part 2 – the disgraceful omissions from today’s results - there will have to be a material uncertainty and more

Earlier, I showed what an absolute abomination of an IPO Andrew Monk’s VSA landed British investors with last November with Cook’s Coffee (COOK). Then I looked at what was stated, now I address what Monk has allowed his, financially challenged, client to leave out. Let’s start with something I really should have spotted earlier which is highly material.

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Cooks Coffee Results , another truly disgraceful and pointless IPO from Andrew Monk’s VSA

I realise that he has a jet setting champagne lifestyle to support and a luxury holiday home on the Cornish Riviera to maintain, but is there any client that Andrew Monk at VSA Capital will not act for? The rule breakers and insider dealers at Caracal Gold (GCAT)? Tick. The scallywags at Silverwood Brands (SLWD)? Tick. But coffee chain Cooks (COOK) which Monkey brought to Aquis last November now takes the biscuit. It has today served up results for the year to March 31 2023, so let’s look at VSA’s forecasts from an IPO just over four months before the year end. Prepare to be shocked.