I have written to the Oxymorons. Tiger Royalties (TIR) is technically insolvent, burning cash, and cannot raise fresh equity. Nomad Roland “fatty” Cornish has waddled off to lunch and does not care and neither does CEO Colin Bird. But surely AIM regulation should suspend trading in the worthless shares.
Three and a half years ago shares in Braveheart (BRH) were 114p. Today, after three years of desperate and disingenuous ramping, share dumping and related party deals involving CEO Trevor Brown, they are just 4p. This website has constantly exposed these shenanigans and how AIM considers that this sordid sub scale investment company adds credibility to its ranks defies belief. How on earth do advisers Allenby (Nomad) and Peterhouse (broker) sleep at night acting for such a scumbag. Today there is another deal.
Supported by a dream team of London’s worst Nomad Roland “fatty” Cornish and king of the spivs broker Jon Belliss of bucket shop Novum, Tiger Royalties (TIR) has lurched from bailout placing to bailout placing for years. But an after hours quarterly update yesterday shows that surely now its goose is cooked. If Fatty had not already waddled off for luncheon (hmmm cooked goose that sounds jolly appealing) surely even he would be considering suspending the shares pending clarification.
Electric Guitar (ELEG) is now an AIM sewer Listed company but for its last accounts for the year ended 31 March 2024 it was a special purpose acquisition company listed on the Main Market of the London Stock Exchange and was thus a Public Interest Entity Audit.
You really could not make this sort of stuff up but I guess John Gunn, a man censured by the SEC for playing an illegitimate trade – probably could. After twelve years claiming that it was going to revolutionise the world of boilers, Inspirit (INSP) is becoming a cash shell and giving up the pretense that it had a real business. But the RNS deceives…
This is shocking and marks the final disgrace of Clem Chambers and his gang who previously ran ADVFN (AFN). It should also se auditors Johnsons sanctioned by the FRC and losing its ability to do PIE audits.
First it was PR FemiNazi Sara McLeod who batted for Celadon Pharmaceuticals (CEL) against the Sheriff. She was sent packing back to the pavilion this summer. Now it is CFO Jonathan Turner who has had enough and given three months notice. He will be off on December 27. Which rat will leaved the sinking ship next because today’s interims are diabolical and come with an explicit warning.
I am a bit late reporting this but the AIM statistics for August showed a further decline of a net 9 companies with the reverse takeover of Earnz, reported as both a new admission and 1 of the 10 cancellations in the month.