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Published 600 days ago
Ahead of no doubt brilliant – i.e totally made up - quarterlies tomorrow, Nate Anderson of Hindenburg Research has asked 38 more questions of Tingo (US:TIO) – the fraud first flagged up by myself at ShareStock 2022 almost a year ago, and its disgraced fraudster boss Chris Cleverly, a man exposed as a crook by this website in his African Potash (AFPO) days. Nate writes:Published 671 days ago
I realise the shares are up sharply today thanks to an announcement which is a real spoof. I shall expose that later this week on the N50 site. As I wrote in Part 1 two weeks ago, its difficult to know where to start with Tingo Group (NASDAQ: TIO) -formerly MICT, which has acquired the Nigerian Agri-Fintech firm Tingo Inc (pinksheet USOTC: TMNA ) via an RTO- so let’s be charitable and start with the bull case. This dossier is long and detailed, beware!Published 667 days ago
The most read non-Quiz, non-Tom article last week is by Gary Newman, Sylvania Platinum looks good value with strong production and PGM prices set to rise in the coming years, at No 1 or No 4 including Bearcasts.
Published 659 days ago
The most read non-Quiz, non-Tom article last week is by Nigel Somerville, Ariana – Full Year Results: A Resounding Buy Despite Two Flies In The Ointment, at No 4 or No 10 including Bearcasts.
Published 727 days ago
On Sunday in bearcast I started the case against Dozy Mmobuosi, the man behind Tingo, being allowed by the English Football League to but championship high flyers Sheffield United. Dozy says that all of his wealth is in Tingo Group listed in the USA. I now take it further with some monstrous accounting red flags which even the EFL must pay attention to.Published 664 days ago
Yesterday, bear raiders Hindenburg weighed into the battle with Tingo (US:TIO), the billion dollar fraud masterminded by Chris Cleverly, the cousin of foreign secretary James. The dossier HERE showed that Tingo’s claimed operations either did not exist or had a skeletal presence which shows that its claimed revenues and profits are just bogus as, almost certainly, is its claimed cash. Tingo has responded with what Lucian Miers calls “one of the most feeblest rebuttals I have seen ( and I have seen a lot)”. Meanwhile Tingo itself has a warning for American investors.Published 536 days ago
On September 20th Tingo Group (NASDAQ - TIO), the brazen fraud, announced the departure of its CEO Darren Mercer, who was awarded 5m shares for his efforts in orchestrating the scam. Robert Benton, one of the three semi-respectable non execs also departed. He was replaced by Jamie Kurchid who is also COO of a company called Nukkleus which is wholly owned by the serially-convicted fraudster Leslie Greyling.Published 503 days ago
The first cousin of the Home secretary, the serial fraudster Chris, has a history of UK stockmarket fraud, exposed by this website, but his company Tingo (US:TIO) is a Nasdaq listed con which was once a multi billion dollar scam. Today the regulators at the SEC have moved into suspend trading in the shares and the associated document, below, is damning. It will be ouzo tonight for me as I first flagged up this scam in September 2022, for the Cleverly family its not such a good day.Published 657 days ago
Shares in Tingo (US:TIO) were trading at more than five dollars a couple of weeks ago but closed yesterday at just $0.96 after another day of panicked selling. Long gone are the days when this fraud had a $7 billion market cap. Yesterday I dropped an email to Jen Knickerbocker. I am not making that name up.Published 599 days ago
On June 8 2023 Chris Cleverly’s fraud Tingo (TIO) announced that it had engaged top law firm White & Case to review the allegations made by short seller Hindenburg Research stating: “The Company strongly believes it is in shareholders’ best interests to allow White & Case’s independent review to be carried out unhindered and it is committed to protecting its integrity. As such, the Company intends to make no further comment on Hindenburg’s allegations until the review has been completed.”Published 625 days ago
Since I last wrote on Tingo (US:TIO) in late May, the share price has collapsed principally due to a devastating report from Hindenburg Research which demonstrated beyond any reasonable doubt that the company is a complete sham. That it was prepared to call it out as a “brazen fraud” after presumably running this by its lawyers is instructive.Published 678 days ago
I have never thought that the theory “there is no such thing as bad publicity” holds much water. The company I shall expose in a two part series supports my belief. It is currently valued at more than $500 million, or, arguably, far more on a fully diluted basis, and is shortable. This is a zero and one should be short.Published 608 days ago
I am in no doubt whatsoever that Chris Cleverly’s Tingo (US:TIO) is a fraud and a zero in waiting. I was the first bear to call it out almost a year ago at ShareStock* and the research by Nick Slocum, Hindenburg et al is damning. Claimed operations, customer contracts, customers and, I bet cash, simply do not exist. I have exposed the fraud of Cleverly and the antics of Darren Mercer for years, receiving lawyers letters and trolling in return but triumphing as it was the bad guys whose companies were fined and slung off UK listed markets. Not me. However, I had two calls yesterday coming in…Published 660 days ago
Why bother shorting companies which are just stock market promotes or have severe balance sheet issues. They might struggle on for a while. Instead you can short Nasdaq listed Tingo (US:TIO) which is now a demonstrable fraud its still, on a fully diluted basis, worth almost a billion bucks – at $1.34 – and which is a nailed down zero.Published 463 days ago
Here are the most read and most listened-to articles and Bearcasts on ShareProphets over the past seven days. The most read non-Quiz, non-Tom article last week is Steve Moore with CAP-XX – patent infringement action failure. Er, what about the cash position now? at No 3 or No 7 including Bearcasts.
Published 669 days ago
There are folks out there who still think that Chris Cleverly and Darren Mercer have ignored the habits of a lifetime and created a real business in Tingo (US:TIO) and that its fully diluted billion plus bucks market cap undervalues the story despite Lucian’s damning dossier HERE. Well here is something for such folks to consider: where are Tingo mobile’s 9 million supposed customers? I present to you a series of screenshots.Published 669 days ago
Tingo (TIO) reckons that its shares collapsing is all down to a New York broker pretending to do a placing and to “of false and malicious allegations on certain bulletin boards, social media accounts and websites” so it has called in its lawyers. Again. Just to assist I have another oddity for the lawyers to have a butcher’s at.Published 214 days ago
I was the first to call out Tingo (US:TIO) as fraud at the very first Sharestock three years ago. A company founded by Chris cleverly, the first cousin of James who wants to lead the wretched Tories, and whose frauds at African Potash (AFPO) I exposed, serial penny share fraudster Leslie Grayling and Darren Mercer of BNN infamy, also exposed by myself, was always going to be a scam. The fall guy has been Dozy Mmobousi. Given the horrible online harassment I got, driven by Cleverley, I will celebrate this news from the US with an ouzo tonight.Published 589 days ago
Having missed its Q2 earnings release date on 10th August, brazen fraud Tingo Group (NASDAQ:TIO) has undertaken to file on 21st along with producing an independent report commissioned by its non-executive directors into the serious allegations made against it in June by Hindenburg Research.Published 398 days ago
The blame game is afoot at the Tingo (TIO) fraud, first exposed by myself at Sharestock in September 2022. I discussed on Sunday how the Mail on Sunday hatchet job on Dozy Mmobousi had all the hallmarks of Chris Cleverly throwing him under the bus, blaming him for everything. I now see that Chris also managed to get the Sunday Times to run a piece exonerating him. How bent is the deadwood press that it does not check his historic record of fraud and just takes him at his word? Meanwhile Dozy has recorded the interview below in Nigeria and he has a different view.
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