Published 2874 days ago
The way that shareholders' cash was pissed away on corporate jollies & semi clad young ladies by the former board of Teathers Financial (TEA) has already been documented fully here. But documents have now fallen into my possession, here at Winnileaks, which ask even bigger questions about FD Nilesh Jagatia who is pro tem, still FD at AIM-listed Inspirit (INSP) and Octagonal (OCT). After this bombshell I wonder for how long.
Published 2872 days ago
Nilesh Jagatia the former FD at now delisted AIM bad boy Teathers Financial (TEA) is now enmeshed in controvery not only over Teather's serial ability to file accounts on time but over how shareholder's cash was used not only on entertainment involving semi clad young ladies but also for apparently personal spending by Nilesh. One hopes that by now the Old Bill and HMRC have been asked to have a butcher's. Amazingly Mr Jagatia remains as FD at two other AIM Companies both, as it happens, run by John Gunn: Inspirit (INSP) and Octagonal (OCT). I have now written to John Gunn.
Published 429 days ago
The curse of AIM’s worst FD, Nilesh Jagatia strikes again. Limitless Earth (LME) has published its interim results for the six-months ended 31 July 2023 which showed a loss of £110,337. Net assets increased marginally as Limitless raised a net £151,900 via a placing, to £1,133,198 which more than offset loss for the period. The punters who paid 5p in the July 2023 placing can’t be happy with the current bid price of 2p. But anyone investing in a Nilesh company is obviously a financial masochist.Published 1737 days ago
Limitless Earth (LME) is an AIM casino listed investment company which employs Nilesh Jagatia as its part chief financial officer at rate of £24,000 per annum. By CFO standards this is a pretty low amount but based on our findings below Limitless shareholders are being overcharged. After all, there is compelling evidence we have provided, over many years, that Nilesh is the worst CFO in London.
Published 3125 days ago
It seems that Nilesh Jagatia, discredited director of Teathers Financial (TEA), has got recent form when it comes to failing to submit accounts by the statutory deadline. Mr Jagatia is finance directors of a number of Plcs, including one of my old favourites, the piece of Turkish that is Inspirit Energy (INSP). Just like Teathers, in December last year Inspirit received a First Gazette to strike the company off the register of companies for failing to provide its accounts on time. What is it that Mr Jagatia doesn’t understand about the legal requirements concerning his job?
Published 1477 days ago
You cannot say that I have not warned you all so many times that Octagonal (OCT) would end in tears. Corporate Governance and related party deals involving boss John Gunn were shocking and Nilesh Jagatia is, without doubt, the worst FD on the AIM casino. Today came news of a delisting and the shares have collapsed by almost 70% to just 0.7p. I do hope that the Bulletin Board Morons who knew so much better than useless old Tom Winnifrith, were well lubed up.
Published 2873 days ago
Yesterday I revealed a series of 74 "interesting" transactions on the Teathers Financial (TEA) company credit card and some curious payments on the Teathers pre-payment card belonging to Nilesh Jagatia the company's former FD. There is now a very real suspicion that Teather's poor shareholders were paying for Jagatia's domestic shopping at his local Sainsbury's in South Woodford and that he was making withdrawals from the company's account for personal use. I have thus written to the new CEO flip flop Ben Turney who, of course arrived in the coup that saw Jagatia fired. The letter is below.
Published 376 days ago
On 22 December at 11.28 AM Inspirit (INSP) released its annual results for the period to 30 June 2023. Suffice to say they were atrocious and riddled with errors.Published 3135 days ago
Who would you want running the AIM PLC board from hell? Naturally with Outsourcery (OUT) becoming his 39th business failure, or is it 38 I lose track, Dragon's Den flop Piers Linney has to be the CEO. I'd nominate that silly woman from Easyjet (EZJ) as Group Equal Opportunities Officer. The Chairman has to be the patrician twit Gibson Smith formerly at the LSE. The FD...check out the CV of Nilesh Jagatia of Inspirit (INSP) and Teather's (TEA) infamy now on the run!
Published 523 days ago
Yesterday I detailed the catalogue of schoolboy accounting errors in the final results from Limitless Earth (LME). I made the Nomad aware but as this is AIM it seems as if nobody cares. Perhaps dropping a note to the FRC might concentrate a few minds round at Cairn Financial? The annual report has now been published and fresh horrors emerge.Published 1742 days ago
Octagonal (OCT) CFO's is Nilesh Jagatia a strong contender for the worst CFO of an AIM company. No I lie. As we have demonstrated over and over again, he is not only useless but, almost certainly, bent as well.
Published 155 days ago
Limitless Earth (LME) issued its results for the year ended 31 January 2024 today and, as you'd expect, the numbers are riddled with schoolboy errors..Published 1742 days ago
I shall start the ball rolling with one nomination but feel you may be able to assist in compliing this list & the best nomination wins the usual prize to be sent one day. I seek men and women who are not only incompetent but also palpably dishonest, demonstrably using shareholders cash for theor own purposes or telling blatant lies to investors. A true Rogue director should be a serial offender & must still be a director or CFO of an AIM or Standard Listed company. So please nominate now with a name and the reasons why in the comments section below. I kick the process off by nominating…
Published 1452 days ago
Today’s RNS from Octagonal (OCT) shows clearly that it tells lies and is thus run by a liar in John Gunn. However, it also suggests that its FD, AIM’s worst FD Nilesh Jagatia, cannot do basic maths and that its promises of a dividend and share buy backs are reckless in the extreme. Ahead of a GM vote on delisting, how can it be allowed to make such pledges?
Published 524 days ago
Limitless Earth (LME) issued its results for the year ended 31 January 2023 today. Suffice to say the numbers are piss poor but the schoolboy accounting errors are off the scale. A proper company with a proper CFO on a proper market would have to restate.Published 980 days ago
I have not written on Octagonal (OCT) for some time, as, on 21 January 2021, it delisted from AIM, following the self-imposed suspension of shares on 24 December 2020. In an RNS of the same day, Octagonal’s statement explained that the suspension was requested due to a complaint from the SEC:
Published 1099 days ago
Inspirit (INSP) snuck out its piss poor results on 29 December at 5.30 pm and today sees its shares down around 14%. You don’t need to be Mystic fecking Meg to know what comes next but a detailed interrogation of those results throws up some ginormous new red flags.
Published 1448 days ago
Just a few hours before voting to delist Octagonal (OCT) from the AIM Cesspit earlier this week, shareholders in the company were presented with unaudited interim results for the six months ended 30 September 2020. With AIM’s worst FD, Nilesh Jagatia, in charge and London’s worst Nomad, Roland “fatty” Cornish, signing off, you will not be shocked that there were a raft of howling schoolboy errors.
Published 3136 days ago
Earlier today we flagged up a planned rampfest investor evening organised by jam tomorrow and hot air producer Inspirit Energy (INSP) which - according to the original RNS - featured an array of attractions including Zak Mir - who was laughably described as the UK's favourite technical analyst, which Nomad signed off on that crap? - and a chance to quiz FD Nilesh Jagatia. Oh goodie goodie thought a number of folk from the Teather (TEA) shareholder action group who would like to ask Nilesh about how he has trainwrecked their company and if he condones blackmail?
Published 2354 days ago
Tom Winnifrith pointed to some previous anomalies at AIM-listed Octagonal (OCT) where John Gunn (of AIM-listed dog Inspirit Energy) and Nilesh Jagatia (of Teathers infamy) reside. Today, I had an email drop into my inbox…..it is all very odd.
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