After yesterday’s inadequate disclosure from Ben’s Creek (BEN) - CEO Adam Wilson – about share dealings by its biggest shareholder MBU Capital - senior advisor Adam Wilson – Mr. Wilson of Daniel Stewart and Atlantic Carbon infamy – has sought to clarify matters with another comical RNS.
I have always argued that promote Ben’s Creek (BEN) is uninvestable on the basis that its CEO Adam Wilson of Atlantic Carbon and Daniel Stewart infamy is a scallywag and also that its assets which sent the last owner into bankruptcy were piss poor. Today comes news of a share transaction that stinks and an explanation that does not wash.
If this rings any bells it should. Ben’s Creek Group PLC was only incorporated on 11 August 2021 with the “colourful” financier Adam Wilson of Daniel Stewart and Atlantic Carbon ( another US coal dog) infamy the driving force. Now it plans to raise £7 million valuing the shite within this company at £28 million. There is so much that I doubt Optiva and Allenby are telling mugs who are ponying up ahead of an AIM sewer listing in two weeks time.
Having not completed an RTO within six months of becoming a shell, shares in Plutus Powergen (PPG) were suspended from the AIM sewer this morning but fear not: Charles Tatnall and James Longley have a US coal RTO “oven ready” as Lyin’ Boris Johnson might say. Natch it is what is not in the release that should horrify you although that contains at least one absolutely monstrous lie.
You may remember how Atlantic Carbon claimed it was worth a fortune based on “analysts reports” produced by SEC indicted crooks and then planned a London listing after Reversing into Peter Shea’s Daniel Stewart. Mr Shea and former Atlantic Carbon boss Adam Wilson should not have threatened the Sheriff with a fascist lawyer’s letter over at Daniel Stewart. That guaranteed my wall to wall coverage and exposes and now the curse has struck… Atlantic Carbon, as you can see below is worth not $86.8 million but NOTHING. It has gone bust. Crack out the ouzo.
Thanks largely to the work on this website, the ludicrous proposal to reverse drowning in debt POS Atlantic Carbon into worthless Daniel Stewart Securities ahead of a Standard List came a cropper in early April as noted HERE. But the curse of doing business with Daniel Stewart and its toxic boss Peter Shea is now becoming clear for all to see.
When running Daniel Stewart (DAN) for the benefit of himself and his family, Peter Shea sent me a lawyers letter trying to stop me exposing what a crock of shit his company was, as it snuggled up to King fraudster Rob Terry. Better still his brother, also a Daniel Stewart employee as were four other family members, threatened to beat me up. So I doorstepped the Daniel Stewart Christmas Party - the brother hid inside the building. Congratulations Mr Shea & your vile family, you have met the Sheriff of AIM.
Over the weekend I flagged up all the red flags surrounding the curious RTO of Adam Wilson's Atlantic Carbon by Peter Shea's worthless Daniel Stewart Securities and the enlarged group's planned Standard Listing. Notably I explained the horror's in Atlantic Coal's accounts and the daft $86.8 million valuation put on Atlantic by See Through Equity in the note below which is on Atlantic's website. Uh Oh...
I follow up on today's shocking revelations about the stockmarket comeback planned by disgraced Peter Shea and Daniel Stewart Securities with a detailed look at Adam Wilson's Atlantic Carbon, formerly Atlantic Coal, its shocking historic accounts, why they should ensure alarm bells ring and why this whole deal and its proposed Standard Listing stink to high heaven
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