There is a film in which my Great Aunt starred where there is singing in Welsh. She is the lady on the right in the first scene below. Anyhow I start today's podcast singing to you in Welsh for reasons I explain. Then it is onto Carson Block and Pantheon Resources (PANR), Carnival (CCL), BSF Enterprise (BSFA), Tern (TERN), nanosynth (NNN), Versarien (VRS) and the comedy at Deliveroo (ROO) which still has to be a short does it not?

What day is it when the City is about to depart on its summer holidays, the first day of the Commonwealth Games and England’s Lionesses are about to contest a final against Germany? It is, of course, a good day to bury bad news. And so, just as the Stock Market was opening and traders not on holiday had their eyes on the market, it was announced that fully-listed Finablr (FIN) was being consigned to the dustbin from the London Stock Exchange, with immediate effect. Blink, and you missed it.

This will take your breath away, a quite stunning video from Carson on Euronext listed Solutions 30. If Carson wakes up tomorrow next to the head of a dead horse, I would not be surprised. Enjoy.

There were 190 IPOs of Special Purpose Acquisition Companies (SPACs) in the USA last year, none in Britain. But like other ghastly Americanisms including Trick or Treat, rap music and Meghan Markle, eventually all the rubbish ends up here too. But fear not, the FCA has plans to regulate SPACs so that they can list on the London Stock Exchange and has today launched a consultation exercise. My submission, if there was any point, would be to just say No!

I thought that ShareSoc, having ceased taking direction from he who shall not be named, had at last recognised the great job shorters do in exposing frauds and overpromotes. But it seems not. Cliff Weight, a self confessed shareholder in Burford (BUR) today makes a number of valid points on Neil Woodford’s comeback while still not admitting that ShareSoc is backing a laggardly and non battle-hardened legal claim for Neil’s victims. But it is on Burford where ShareSoc lets its mask slip. Cliff says of the FCA:

Bulletin Board Morons are getting a bit excited about this but I am afraid it is fake news. My pal Carson Block slated the accounts of Manolete (MANO) rival Burford (BUR) and so his endorsement of Manolete’s accounts would be a coup. And that is what the IC claims today, stating:

I have been having a fascinating discussion on the comments boards with Pierotlunaire on the subject of the suits at ShareSoc, the body that grandstands to MPs, the FCA and the deadwood press claiming to represent UK private investors. A number of critical matters emerge which blow that claim apart.

Excluding ShareProphets Radio 29, the most read non-Tom article this week is Gold: Some takeaways from the ShareProphets Shares Conference by Nigel Somerville at a terrific number two or  number three including Bearcasts.

Firstly, thanks to all who have donated to Woodlarks in its hour of need. we are now at 12% of the amount needed to ensure its survival until next year, that is to say £48,000. As I prepare for a 33 mile solo walk on June 13 as this year's only rogue blogger, please donate HERE. Then it is onto events at Bidstack (BIDS), Burford (BUR) and BT (BT.A) and a cast of characters including  my pal Carson Block, the snotgobblers at the FT, investment legend Roger Lawson and the suits at ShareSoc.

At the ShareProphers shares show this weekend carson was a star happily explaining why Burford (BUR) could be a zero. If you have not watched the great man in flying form do so here. at the same event Matt Earl, the Dark Destroyer, also weighed in. Now Carson has savaged Burford in a new dossier which I publish in full below. Explicity he accuses the company of misleading investors, noting:

The great show is almost upon us. You can still book tickets HERE and we will be upo all night processing. If you have booked but not received a ticket pester Darren on editorial@shareProphets.com . The videos interviews of 30 CEOs with me, six share tips from each of our writers and two dozen book reviews are up all day. But on the main stages and in the experts room speakers come on one by one so to plan your day, here is the quite amazing schedule. You really want to book a seat if you have not already. Remember all content will be up until Christmas but the chat rooms to engage with speakers are up just for the show itself. so BOOK HERE

If you have not bought a ticket for the greatest ever investor show held in Britain, this Saturday May 9, I suppose the answer is YES!. Congratulations! You are a genius.  The best short sellers in the US and the UK have no guidance for you on how to spot disasters to either short or just to avoid, have nothing to teach you and you don’t want to hear any of their ideas as you know better. I bow to your wisdom.

If you have not bought a ticket for the greatest ever investor show held in Britain I suppose the answer is yes. Congratulations! You are a genius

I have been organising investor shows for almost two decade but on Saturday May 9, I have assembled the most amazing line-up of my career and am bringing them direct to you in your living room. Some of the stars will do a formal presentation, most will face me in two way interview. 

The Coronavirus lockdown has meant the two big investor conferences have been postponed. But as a one-off alternative I have assembled the greatest ever speaker line-up for British Investor Show – welcome to the ShareProphets Shares Conference, a true online extravaganza on May 9. From both the UK and US some of the biggest names in investment will be telling you what they are buying, selling, shorting or avoiding. There are so many stars we need two main stages where you can hear:

I start with my excitement about the video I have just recorded with Carson Block of Muddy Waters for the Shareprophets shares show. Lawyers alert!. It was brilliant stuff. I end by saying I recorded a PLC video for the show earlier.  I am incredibly tempted to buy the shares heavily. Anyhow both videos and 70 others will go live on May 9 so book your ticket HERE. In today's podcast I look at Novacyt (NCYT), Avacta (AVCT) fake news in the Mail on Sunday, Urban Exposure (UEX) and in very real detail that old Thirsty Paul Scott fave TrakM8 (TRAK) where today's numbers ring massive alarm bells.

Fear not you do not need to break lockdown. The event is online and for £9.99 you get access to a line up of stars of the investment world never seen before at a UK show. It really is all star. Carson Block, Gabriel Grego, Mark Slater, Jim Mellon, Evil Knievil, Vin Murria, Peter Hambro, Sam Antar, Adam Reynolds, Luke Johnson, me, Chris Bailey, Dom Frisby, Paul Jourdan, James Delingpole, Malcolm Burne, Chris Bailey, all the team here at ShareProphets, Matt Earl, Lucian Miers, Peter Hambro, the list goes on. As well as the star speakers there is also the Sith Lord Zak Mir and 30 PLC CEOs will also present. Doors open at 8.30 AM amd there will be chatrooms to engage with many of the speakers and each other open all day.  And your ticket will give you access to all the videos right up until Christmas. The booking section of the site is secure ( see the padlock is present) and you can book your seats now & get more show details HERE  

I have flagged up the corrupt nature of the deadwood press, and the Sunday Times in particular, numerous times on this website. The way it blew off Neil Woodford in return for “scoops" and again and again backs boards, who by dint of underperformance, are quite rightly under fire with dirty attacks on their critics is shameful. Babcock (BAB) is a case in point. Today the paper shows its true colours again with its coverage of NMC Health (NMC) and more especially, and shamefully, of EasyJet (EZJ).

I start with a few comments on Coronavirus as more evidence emerges HERE of why the economy wrecking Government lockdown is such complete madness. It reminds me of an incident around 2000 years ago today when the mob persuaded a leader to adopt a policy not backed up by the facts. I then look at why Roger Lawson is so utterly wrong about Carson Block of Muddy Waters and should apologise. Finally I discuss the behaviour of folks like Alison Rose of NatWest in this crisis. Shocking and unethical maybe but would you not do the same?

NMC Health (NMC) announced late yesterday that it was “not in a position” to oppose successfully the court application by Abu Dhabi Commercial Bank to have the company placed into administration at today’s hearing. In other words it is game over...

Hat tip to reader RT with this link, Abu Dhabi Commercial Bank (ADCB) which has a reported $981 million exposure to NMC Health (NMC) has applied to court to have NMC placed in administration, apparently to safeguard the future of the company, according to Reuters. Well, whatever – but it looks like game set and match to bear raider Muddy Waters.

I swear i am not joking. I discuss my life with Evil (no, Mt BBM we are not gay lovers, stop sniggering at the back) and his remarkable macro view.  I also reveal I have a treat for you all, keep May 8 in your diaries! In terms of stocks I look at the scandalous flouting of almost every rule by AIM Casino posterboy Conroy Gold & Natural Resources (CGNR) and the wider issue that the Oxymorons at AIM Regulation will do SFA about. I look at Burford (BUR) and more vindication for my pal Carson Block of Muddy Waters, at Carnival (CCL) - sorry Three Brains -  and at Coro Energy (CORO) where the curse of James "Dracula" Parsons strikes again.

Oh dear, oh dear – it is going from dreadful to even more dreadful at NMC Health (NMC), which was suspended in the wake of Dr Shetty’s unreported dealings and a whole load of undisclosed debt coming to light – placing the viability of the company under heavy question. Yesterday we learnt that the debt position has increased from the estimated $5 billion to reach $6.6 billion. The whole outfit is surely toast...

I start with a few personal thoughts on phoning my elderly relatives in the era of Coronavirus. Then I look at Versarien (VRS), Open Orphan (ORPH), Tasty (TAST), Burford (BUR) and Carson Block of Muddy Waters and N Brown (BWNG) which prompts me to ask when the taxpayer will have to bail out the banks?

You cannot say that myself and Nigel Somerville have not warned you repeatedly and so anyone still owning shares in Finablr (FIN) has only themselves – and folks like ShareSoc and the members of the deadwood press who effectively batted for this company by attacking & smearing bear raider Carson Block – for their losses. The IPO in May 2019 was at 175p. Today after a partial ‘fess up the shares are 9.97p. Ouch.

Even the journalist smearing PR mothers at FTI consulting could not polish the steaming turd that was today’s 4.11 PM update from the, until recently, FTSE 100 member NMC Health (NMC). The level of fraud is staggering.

Good news for shareholders in now suspended NMC Health (NMC), the establishment suits at ShareSoc have launched the NMC Action Group (NAG) to help realise value for sghareholders. The release is below:

Yesterday (natch, after hours, at no-one is watching o’clock) came the bad news from NMC Health (NMC) which saw it Game Set and (almost) match to Muddy Waters. Now shares in NMC have been suspended. Has Muddy Waters moved from 5-0 up in the third set to match point?...

Natch the bad news came after hours, at no-one is watching O’clock. With journalist smearing FTI Consulting doing the PR turd polishing what else would you expect?  My pal Carson Block of Muddy Waters whose dossier first exposed the cesspit at NMC on 17 December 2019 HERE noted “At this point, the company’s announcements speak for themselves and seem to be even more damning than our initial report was.” Indeed. Well let’s start with the apologies

Muddy Waters must be laughing all the way to the bank right now – or it would be if Carson Block and his team were not in bed. Fully-listed NMC Health (NMC) – and a member of our elite FTSE100 (at least for now) – has announced the departure of its co-chairman and founder, the good Dr Shetty, along with two placemen appointed by principal shareholders Dr Shetty, His Excellency Mr Saeed Mohamed Butti Mohamed Khalfan Al Qebaisi and Mr Khaleefa Butti Omair Yousif Ahmed Al Muhairi. This is in addition to the departure last Friday (again with immediate effect) of the abovementioned Mr Khalifa Butti Omeir Bin Yousef as the scandal of undisclosed share pledges, sales and transfers has become marginally (but only marginally) less murky.

I see that my pal Richard Jennings of Align is tweeting like a Bulletin Board Moron, welcoming a falling share price in NMC Health (NMC) as an opportinity to buy more shares. Whatever. I think on this one I  remain firmly with Carson Block of Muddy Waters and view this as an accident that is already happening but will get far worse. Today Carson has compared NMC to Enron.

NMC Health (NMC) has announced highly preliminary approaches from Kohlberg Kravis Roberts (KKR) and GK Investment Holding (GKI) regarding possible offers for the company. But in tandem, a second RNS from NMC suggests that Dr Shetty’s holdings and others’ may not be all they appeared to be. This was accompanied by an RNS from Finablr (FIN) suggesting similar shenanigans may be on the cards regarding the same people. Both companies are trying to get to the bottom of it, but from my perspective it all stinks and I would not be hanging around to find out what the true position actually is with either.

My pal Carson Block of Muddy Waters has savaged Burford (BUR) this moring with a savage report on recent results. His golden prose is below.

Natch, if one believes the morons, it is only folks like myself, Steve Moore and shorters like Lucian Miers, Carson Block and Waseem Shakoor who commit market abuse by, er, telling the truth. Is it wrong for companies to pay morons as well as whore bloggers to ramp. Having now discovered one company where this is going on I discuss just how big this issue is and whether and why it is a scandal.

First things first. It is 6 months and 1 day to the 3 Rogue Bloggers for Woodlarks walk. I did a short train yesterday at Moel Famau of which more later. Anhow, if you enjoy bearcast please show so by donating HERE.  Thanks in advance for your support and also for the birthday wishes. As you can see in the comments section HERE there is a poster on ADVFN who seems to think he can save Versarien (VRS) by suggesting, falsely, that I am a paedophile. Normally I'd ignore such pond life but I am almost tempted to teach him a very expensive legal lesson in libel law. What do you think?  Then it is onto a story dictated by NMC Health's (NMC) PR team to yellow journalists at the Mail on Sunday. The real import of threats against Caron Block & Muddy Waters is very negative for NMC. Finally I have a bombshell for AIM Cesspit followers tomorrow. Watch this space! 

Last week NMC Health (NMC) attenpted to "refute" Carson Block of Muddy Waters bear dossier with a long RNS. But its shares kept sliding. So today we got another round.

I see that some plonker at the Evening Standard has just dismissed Carson Block of Muddy Waters as a "ridiculous, conspiracy theorist". Au contraire Carson is a serious bear raider who is almost always right with his bear calls. Today he has announced that he is short of NMC Health (NMC). Carson writes:

Hey Carson – why aren't you flying me out, all expenses paid, to LA for the Fidouchies event below? I'd love to meet you and be even keener to meet Stormy. What would a celebration of financial misdemeanours be like without a Brit there to represent the AIM casino?

And so the battle continues. On Monday Burford (BUR) published a new 45 page report defending its uber agggressive accounting policies from attacks led by Carson Block of Muddy Waters. Natch it was on its own website rather than via RNS so there was no need for Nomad sign off. Now Muddy Waters has hit back. It responds.

In this ninth edition of the ShareProphets Radio podcast, sponsored by Yorkville Advisors, in order I  chat to Antony Laiker,a friend despite being my stockbroker, a dinosaur like myself and the boss of AIM listed Vela (VELA). You may need to turn up the violume on his ansswers. Then it is onto Carson Block of Muddy Waters discussing Burford (BUR) and much else in great detail. Carson does not pull his punches and, to my mind, explains convincingly why his latest target will crater.If you like this and can't wait seven days for more of the same you should listen to my Bearcast every day.

Right now, we're number seven by GDP in the world economy leaderboard. By 2030, we'll be far down the list and number seven will be taken by Egypt. This is a prevocative prediction for only 11 years.

I reflect on the annoversary of 9/11. I ponder points raised in today's ShareProphets radio show with Carson Block and Anthony Laiker about bull market complacency to fraud. In that vein I use Tesla (TSLA) and the legal case below as a case study. I look at Neil Woodford's latest £12.5 million woes answering reader feedback. I look at Catennae (CTEA), Riverfort Global Opportunities (RGO) and my pal Jim Mellon's Fast Forward (FFWD). I also comment on the latest Burford (BUR) news.

The latest edition of ShareProphets Radio features an hour long interview with Carson Block of Muddy Waters discussing Burford (BUR) in great detail. In the interests of balance, an investor with a long position, Caro-Kann Capital, has published its detailed rebuttal of Muddy Waters and you can read that report below. On balance I agree with Muddy Waters.

Fake Sheriff of AIM Marcus Stuttard and colleagues what a shit-showeryou preside over. Thanks to Adept Technology (ADT) we have a stat that damns you. I discuss this, the comedy/tragedy that is Providence Resources (PVR)/ Lansdowne Oil & Gas (LOGP) and their Chinese pals. I look at IP Group (IPO), its results, its balance sheet and its association with the stench of Neil Woodford. Apologies to the fragrant Lizard for my words. And I chat about chatting to Carson Block of Muddy Waters about Burford (BUR) and other matters.To get the Carson Block podcast downloaded to your phone register HERE

As I revealed yesterday, the FCA and FRC are both investigating Burford (BUR) following a letter I sent requesting an investigation on August 8. But Burford is Guernsey Registered so there is another regulator which needs to have a butchers. As such I have today written to the Guernsey Financial Services Commission (the tax dodger’s equivalent of the FCA) asking it to launch an enquiry. The letter is below::

To his credit, Carson Block has credited us fully in his new dossier covering the Napo scandal. The contents will be familiar to our readers having been published here 2 weeks ago. But it has aroused the deadwood press. I have already had one hack on the trombone seeking further clarification. The citical point is that without a Napo win fee, Burford (BUR) would have reported a 2013 loss, not a profit, shortly before getting away a big bond issue. As I noted in a letter to the Nomad Johnny Allison ten days ago "name that case!"  Burford's failure to do so is telling. The new Muddy Waters dossier is below:  

A critical matter in the Muddy Waters Burford dossier is the way that Burford (BUR) booked profits in 2013 on a case which had yet to conclude but which it in fact lost, Napo. Burford has come up with a barely plausible explanation of this but what Carson Block and his team failed to provide is an exact timeline and this is critical. So here goes:

In today's bearcast I look at shitty little gold plays like Conroy (CGNR) and Condor (CNR) at their relationship to the gold price. I cover Burford (BUR) noting today's interventions from two giants of the investment world: Carson Block of Muddy Waters and Roger Lawson of ShareSoc. I look at Providence Resources (PVR) a comedy set to end in tears, at Diversified Gas & Oil (DGOC) a tragedy set to end in tears and also at Neil Woodford and that Cenkos (CNKS) profits warning.

Bear raider Carson Block and his Muddy Waters outfit have hit back hard at the Burford (BUR) rebuttal of his original dossier. Carsons says allegations of market abuse are a smear and part of the nornmal target company playbook and he'd be delighted to assist the FCA. On the substantive points in the original dossier Carson says the Burford rebuttals don't wash. This is a very good response by Block and appears pretty compelling to me. The full rebuttal of the rebuttal is below:

I start with the threat of a UK recession, piffle tweeted by the lunatic David Lammy MP, the link to Brexit (minimal) and the stockmarket implications. Then onto Burford (BUR) where events move apace but the company seems to think bear raider Carson Block of Muddy Waters is in legal hot water. Instinctively I side with Block, however if today's Mail is correct and he has closed much of his short while still issuing bearish tweets then is he any better than Chris Oil on Sefton or shamed broker SP Angel on Blue Jay (JAY). On that basis....

Burford Capital has responded briefly to the damning report on it by Muddy Waters (aka Carson Block) by saying it will get back to us. Ho-hum – I don’t suppose that is quite what Nervous Neil Woodford wanted to hear as his second largest investment crashes by 63%, to add to yesterday’s 19% drop. His nails must be chewed to the bone – if he’s got any fingers left from catching all those falling knives. And as if things could not get any worse…..

The report on Neil Woodford's second biggest holding, AIM Casino cdarling Burford (BUR) from Muddy Waters is - as you can see here - damning. Now here is a video where Carson Block explains the accounting tomfoolery that is at play. Enjoy.

We warned our readers yesterday that Muddy Waters was on the case. In fact we've been warning about Burford (BUR) for months on this website. The company responded with a pathetic RNS this morning which caused the shares to spike. Now they are tumbling as the Carson Block report is out and its damning. Carson opines:

Legendary bear raider Carson Block, aka Muddy Waters Research, is set to publish a bombshell dossier tomorrow at 8 AM GMT. Given the tweet below there is fevered speculation that it is a London listed company and speculation is centring on Neil Woodford dog Burford (BUR) shares in which are off by 15% as I write. Two things to note:

I took a lot of abuse on twitter recently. My crime, it appears, was forwarding a negative report on IQE plc (IQE) which seemed to me to raise some important questions about the company’s accounting treatment of two joint ventures it had established.