Oh dear, this may well upset my new best friend, the UK's leading healthcare analyst, Brokerman Dan but a letter has emerged which appears to suggest that Zenith Energy (ZEN) has been telling porkies about the status of its supposedly company making operations at Tilapia. Oh dear. Oh dear. Share suspension then RNS Needed ASAP methinks.
I have no idea why shares in Zenith Energy (ZEN), the worthless, cash guzzling POS which needs me to force it to fess up to bad news, are soaring. Perhaps the photo tweet below from boss, Andrea "the king of socks" Cattaneo might be a clue to the ramp.
If you believe the statement issued today by Zenith Energy (ZEN) then I have a bridge in London I’d like to sell you. It simply defies belief that what Zenith says can possibly be true.
Where to start? The potential insider dealing or the management incompetence?
Zenith Energy (ZEN) is quoted on the Standard List, so the regulator in charge is the FCA. The FCA is also responsible for policing all cases of fraud among listed companies. So, after today's shocking fess up as a result of my bombshell of last Thursday, I have dropped the chocolate teapots a note about events since June 4 demanding an urgent enquiry and the suspension of the shares.
Anyone who checked out the track record of the once self-styled “King of Socks” Count Andrea Cattaneo della Volta, would never have invested in Zenith Energy (ZEN). This is a man who trousered vast sums from Pex, a Leicester sock maker, before shutting up shop in the UK leaving workers owed huge unpaid wages. Last week I published a letter appearing to show that Zenith had lost its main asset, the Tilapia field in the Republic of Congo. Today, a bombshell…..