Keyword results: FCA

PREMIUM CONTENT

Mode sneaks through its latest fundraise within the notes to accounts and continues to burn through cash - a bargepole SELL

As many of you reading this will know, I’m not exactly a fan of Mode Global Holdings (MODE) and even less so after its latest antics where it hasn’t exactly gone out of its way to inform investors about its latest fundraise!

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CDL
CDL

Sub-Standard Listed Cloudbreak Discovery – As Predicted…..

I cannot help but notice that sub-Standard-Listed Cloudbreak Discovery (CDL) is back below its IPO price of 3p, at 2.8p in the middle. Call me Mystic Meg – for having sailed up as high as 13.25p on a ridiculous ramp, I commented in April that the shares have since drifted down to just 4.6p and seem set to drop back below the IPO price in due course. Where’s my Ouzo?

Crime-Scene
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Woodford, Link and the FCA: Who Is Really To Blame?

It is a strange situation that we now have plenty of referrals to the Woodford fiasco in the mainstream media, but it is Link, not Woodford, which is being sued by former investors who lost piles and piles of money. Woodford made the investment decisions, he called the shots: he was the man in charge. Yet it is not he who faces being sued.

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Letter to the FCA & FRC- time to suspend shares in Supply, it is insolvent

In just two weeks, the new death spiral provider, Venus, has dumped 3.32 billion shares on Bulletin Board Morons. If it is allowed to, it will likely dump another 15-20 billion. But the fraud, Supply@ME Capital (SYME), is insolvent even with the Venus cash, as I noted earlier.  I have asked the FCA to step in and save private investors from being mugged.

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OPP
OPP
PREMIUM CONTENT

A Blast From The Past – ShareProphets AIM-China Filthy Forty Origo Partners Heads For AIM Execution Chamber

A note out on 26th April 2022 from AIM-listed Origo Partners (OPP)updated its long suffering followers that its shares would be suspended from the month end, as its Nomad, Arden Partners, was being acquired and was giving up on the Nomad business. But since the asset disposal programme was almost finished, the company advised that it was not looking for a replacement. So as of 30 May 2022 Origo’s career of the AIM Casino will be history.

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Gold
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The View FromThe Montana Log-Cabin As Markets And Gold Continue To Take A Bath

That was a rip-roaring week! One might be tempted to suggest that equity markets do not know what they want: they were sliding ahead of the Fed’s rate decision in fear of a rate hike. When they got it (a half point rise) they went up. And when the dust settled they went down again. Gold and Bonds did much the same.

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BREAKING: Chill Brands – FRC IS now investigating crooked interims

Earlier this week, I complained to the FRC about the grotesquely misleading interims, published by the fraud, Chill Brands (CHLL), on 28 January. Given the company has now undertaken a bailout fundraise, the FCA will have to act.  Moreover…

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MKA
MKA
PREMIUM CONTENT

Letter to Marcus and Mark as Mkango Resources joins the FY misleading investors club

I have already flagged how Canadian Overseas Petroleum (COPL) and Pure Gold (PUR) misled investors, by hiding auditors' warnings. Now, Mkango Resources (MKA) has joined the deceiving club. The FCA, as regulator of the Standard List, must act. I have penned the letter below to Mark Steward at the FCA, and the bogus Sheriff of AIM, Marcus Stuttard.

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BREAKING: the FRAUD Chill Brands – new lies in its interims exposed

One of the reasons the fraud, Chill Brands (CHLL), had to do a bailout placing this week, is the ridiculous purchase of a domain name. I can now reveal how the company has deceived investors about this fantastic money spunk.

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Bearcast
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Tom Winnifrith Bearcast: The CEO "grooming" mug punters claiming his insolvent fraud is worth £1.3 billion

The screen shot below is from a "private" telegram group which this crooked CEO clearly thinks folks like me or the FCA do not have acess to. Au contraire...

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Top-10

Notes from Underground – Most read articles for the week ending 9 April 2022

These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom story is Sleaze on AIM: Oilex looks very leaky – just look at the share trades! by Gary Newman at Number 13 or Number 20 if you include Bearcasts.

PREMIUM CONTENT

Letter to FCA – Is it acceptable to lie about why you are raising cash on the Standard List?

Yes, for the second time this week, I have written to the regulators of the Standard List, that is to say, the FCA, asking for an investigation into Canadian Overseas Petroleum (COPL), the almost insolvent POS run by snake oil salesman Arthur Millholland of Oilexco infamy. The letter is below.

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BREAKING EXPOSE: Another $8 million MONSTER LIE from the snake oil salesmen at Canadian Overseas Petroleum

Adding to the grotesquely deceptive and misleading RNS of April 1, and the failure to inform investors of numerous covenant breaches, I now expose another $8 million PORKY PIE from the Snake Oil salesmen at Canadian Overseas Petroleum (COPL). This should shock even the FCA into action.

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Letter to FCA : Canadian Overseas Petroleum, share suspension, cleansing statement and full disciplinary enquiry needed now

Following shocking exposes TODAY and YESTERDAY, clearly demonstrating that Standard Listed Canadian Overseas Petroleum (COPL) has deceived and misled investors, I have written to the FCA suggesting an immediate share suspension, pending a cleansing RNS statement and a full disciplinary enquiry. The letter is below.

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PREMIUM CONTENT

BREAKING: Canadian Overseas Petroleum - the rule breaking and deception gets much worse - the FCA must act NOW

Yesterday, I exposed how Standard-Listed Canadian Overseas Petroleum (COPL) misled and deceived investors, by hiding company-threatening matters from them in a final results RNS. But this is only the tip of the deception iceberg.  Canadian has been deceiving its shareholders for months and months. So, this scandal gets far worse, as I explain below. Surely the FCA has to act….

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Pinocchio

BREAKING: As OneTrue View's sister fraud Appbox goes bust, a £5.4m lie is told under oath

Appbox Media is the sister company of One True View and has stolen around £15 million of investors money with the FCA standing idly by ignoring this massive boiler room scam in the heart of the City.  But while One True View is reinventing itself to steal more cash as revealed yesterday HERE, Appbox has filed for insolvency. But patsy director Amanda Hussey, the rather simple “fall guy” for the mastermind of this £50 million bezzle Polat Hassan, has now told a £5.4 million lie under oath. She urgently needs to get legal advice before Polat lands her in even more trouble than she is already in.

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Another Welsh worker yanks my chain - for a second time

I start by explaining yesterday’s late bearcast and the reason I am in such a foul mood today. Then, I look at Versarien (VRS); Fulham Shore (FUL); One True View; Eden Pharma and FCA failings; and, finally, at Victoria Oil & Gas (VOG), where I predict, at best, epic dilution. 

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Crime-Scene

BREAKING: The second scam “takeover” of One True View – the £50m boiler room fraud the FCA continues to ignore

Those behind One True View and its sister company, Appbox Media, have, via a City-based boiler room at 78 Cannon Street, where high-pressure salesmen earn vast commissions, raised c. £65 million – most of which has been stolen. The FCA insists there are no boiler rooms in the UK, so has done nothing.  Thus, the farce has now entered a new chapter.

CDL
CDL

Cloudbreak Discovery – Late Sub-Standard Interims On The Sub-Standard List

Standard-listed Cloudbreak Discovery (CDL) has announced its Interims to 31 December 2021 this morning, the 4th of April. If you think that is a tad late, you would be right, for the deadline was last Thursday – three months after period end – and as far as I know the shares should therefore have been suspended. But the Standard List is regulated (no sniggering at the back….) by the FCA. As for the numbers, they are a horror show for anyone who can use a calculator.

Top-10

Notes from Underground – Most read articles for the week ending 2 April 2022

These are the most-read articles and most listened-to Bearcasts of the week. The fact that BREAKING: Darren Atwater Resignation letter is the most read article this week quite disturbs me: were ShareProphets readers thrilled or dismayed at the news? (It was, of course, an April Fools.) The most read non-Tom story is Friday news I missed last week from Rolls-Royce and Imperial Brands by Chris Bailey at Number 10 or Number 16 if you include Bearcasts.

PREMIUM CONTENT

EXPOSE: Wildcat Petroleum Interims - lies, lies, and yet more lies

The company that lied in its first-ever RNS has served up results for the six months to December 31, which contain, guess what? Yes. You got it. More lies. And these are material.

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BRS
BRS
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What on earth is the FCA thinking - Beacon Rise joins the standard list

A prospectus without input from a broker or financial adviser has been approved by the FCA and Beacon Rise Holdings (BRS), a company which now has just nine -  all Chinese – investors has joined the Standard List. Meet Mr and Ms Wang….

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Bearcast
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Tom Winnifrith Bearcast: Fraud is a sign of the times

I start with an apology for yesterday’s downtime, explaining what happened. Then I look at the musicMagpie (MMAG) saga, and why what I have discovered is so utterly damning. I also discuss today’s expose on paid social media influencers HERE. Regarding that, HERE is where the SEC did what the FCA should be doing, but I fear will not unless we enter a prolonged bear market where many lose cash.

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Crime-Scene
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Letter to FCA & AIM Regulation re social media promoters paid in shares, ramping, pumping & dumping

I have, today, written to both the FCA and the oxymorons at AIM Regulation, on, what seems to me, sure-fire market abuse. The original letter names two AIM Companies and one “social media influencer” (I have redacted the names below). But I understand that the problem is not confined to these two companies and one “social media influencer”, and I am urging the authorities to work together on tackling what seems a growing issue.

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Alpha Growth: grossly overvalued and heading for an accounting crisis & share suspension

At some stage the FCA is going to wake up to this scandal and shares in this crock will be suspended. Here’s why. In today’s RNS Alpha (ALGW) the sub scale longevity specialist listed on the Standard List announced an Acquisition which included the following information.

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PREMIUM CONTENT

musicMagpie going to Zero part 3 - its COO's history of fraud, Ian Storey's CV

Ian Storey was the CFO of musicMagpie (MMAG) from March 2015, becoming the COO when this company joined the AIM sewer last April.Are investors fully aware of his history of cooking the books at one of the biggest FTSE frauds of the past two decades?

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PREMIUM CONTENT

Asimilar – when is a profit not a profit? This is a nest of snakes waiting to bite you

I have covered in some depth the numerous smoke and mirrors deals at Asimilar (ASLR) and it is an accident waiting to happen as its results today demonstrate very clearly. The company boasts net assets at the September 30th year end of £41.74 million. At 27.5p the market cap is £33.5 million. Put simply the market does not believe the net asset number. It could easily halve or, far, worse.

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Boom

BREAKING: Julie Meyer says to sue Queen's lawyers Farrer & Co & lawyer Julian Pike for £150m

Okay, Ms Lingerie on Expenses is fleeing a High Court arrest warrant and facing a six month jail term as well as an FCA Criminal enquiry but you can’t keep the old crook down. Now she reveals on Twitter that she is to sue the Queen’s lawyers, Farrer & Co, and partner Julian Pike for £150 million. Don’t spend it all at once Julie… I see that having branded ShareProphets a terrorist organisation she now says Farrer is a “Terrorising Legal Organisation.” 

Pinocchio

BREAKING: Now Julie Meyer loses Singapore Court case, judge flags up whopping new lies in her affidavits made under oath

Hey Ms Lingerie on Expenses: I am not writing this because my mother killed herself but because you have been caught telling hilarious new lies under oath yet again as you lost yet another court case yesterday, this time in Singapore. The ShareProphets woman on the ground out East is still laughing at your mendacity as she brings me details. So it appears is the Judge, Honourable Justice Philip Jeyaretnam.

Boom

Julie Meyer MBE plumbs new depths - tweeting about the suicide of the mother of the journalist who has exposed her crimes

46 years ago my mother killed herself. I do not hide the fact and yes it is an event that saddens me. But I do not expose folks like Julie Meyer, who has fled Britain to avoid a six month jail term, owes taxes all over the world and is the subject of an FCA Criminal investigation because of what happened in on Oxford hospital in 1976 but because folks like Julie Meyer should be exposed. The tweet below ike others were Meyer incites the mob with talk of terrorism has been reported to twitter but nothing will be done.

Crime-Scene

You will never guess who has accused Julian Pike & the Queen's lawyers Farrer & Co of fraud?

Julian Pike brands himself as a specialist in reputation management so surely being accused of fraud, as you can see below, means that he must defend his own reputation by firing off a libel writ at once?

Boom

Now Julie Meyer demands Police investigate ShareProphets for terrorism

The twitter meltdown, from the woman fleeing a High Court Arrest warrant, we reportedv earlier HERE, continues. Now Julie “under an FCA Criminal Investigation” Meyer wants the Police to crack down on this website for being terrorists.  If Ms Meyer ever does return to England to start a stretch inside and wants to appeal on grounds of insanity…. the evidence is below.

Boom

BREAKING: Woman fighting arrest warrant and 6 month jail term & FCA criminal enquiry goes twitter bonkers, accusing this website of "terrorism"

Yes it is Julie “lingerie on expenses” Meyer who appears to be having a bit of a meltdown. Yesterday she sent me an email saying that publishing THIS ARTICLE was a crime.  Then she took to twitter accusing this website of being a “Bristol based Terrorist Organisation” (BBTO). I kid you not! Her meltdown is below.

PREMIUM CONTENT

BREAKING: Supply@Me Capital – another corporate blow up on the watch of a Supply Non-Executive Director

Non-Executive Directors can play a crucial role in corporate governance in providing constructive challenge to Executive Directors and ensure that they are operating in a compliant fashion.  In terms of the manifest unsuitability of Supply NED’s to monitor the making of a cup of coffee let alone overseeing a PLC, I have previously highlighted the failings of David Bull at PCF Group (PCF) infamy but this time the spotlight falls on Ms Susan Chishti and her Non-Executive Directorship of JLG Group Plc where she has been a director since 1 February 2016.

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Crime-Scene

BREAKING Julie Marie Meyer MBE – why the Pensions Regulator should be asking her questions

As I revealed in my previous article concerning Ms Lingerie on Expenses, Julie Meyer’s latest car crash investment Drive Software Solutions Limited is on the verge of going under. This will, I predict, see her facing yet another regulator on her case, adding to her woes with the IRS, HMRC and the FCA with its ongoing criminal investigation.

PREMIUM CONTENT

Predator Oil and Gas – Here we go again – placing ahoy?

Predator Oil and Gas (PRD) is a rather very questionable company I have not commented on for some time. Last time was in July last year. I commented on the exec director share dumping and a late reported related party asset deal. 5 days later Ron Pilbeam departed the board with the assistance of Tom Winnifrith and the FCA. Tom celebrated with Ouzo for breakfast and me with Chianti and fava beans for tea. Guess what – I see history about to repeat on one interesting aspect.

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  • 141 days ago
CDL
CDL
PREMIUM CONTENT

Sub-Standard Listed Cloudbreak Discovery – No Insider Trading As Shares Double; Move Along Please, Nothing To See Here

On Tuesday shares in sub-Standard-Listed Cloudbreak Discovery (CDL) were languishing at around 1.8p – a whopping 30% loss on the IPO price last June. But then they started to rise and rise…….and rise some more, closing yesterday at 3.85p in the middle. They had more than doubled in the spae of just four days. So what was the earth-shattering news? A massive gold discovery? A takeover? Er, no……

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FIN
FIN

Finablr – Word From Beyond The Grave

That fully-listed Finablr (FIN) has not yet be dumped off the London Stock Exchange is a bit of a mystery to me as it is surely insolvent without hope of redemption. But it is still there and this afternoon, as the City was clearing its desks for the day at 4.07pm came an announcement.

PREMIUM CONTENT

Amigo – the key is the “relevant stakeholders” well one in particular!

Amigo (AMGO) has today given us an update on the scheme of arrangement which will, almost certainly bit not certainly, eventually see nineteen new shares issued for every one now in issue. Whatever happens, at 3.58p the shares are monstrously overvalued.

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Beggar

Welcome to the Circuit Breaker - Keanaissance, Julie Meyer breaks all GDPR rules to spam folks about her Greek B&B

The following email was sent out indiscriminantly by a woman who has told the IRS that she is too poor to pay a seven figure tax bill dating back to 2001. Whatever … It is Julie “Lingerie on Expenses” Meyer with another offer I am sure you will find easy to refuse … the tax evading old MBE still under an FCA criminal investigation writes:

PREMIUM CONTENT

Even if Amigo is saved by the court, existing holders will only be left with 5% of the new company - avoid

When Covid arrived I penned a piece here about the possible impacts on sub-prime lenders, given that the industry was already having issues even prior to that, and have also commented extensively on this on Twitter over the past couple of years.

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Top-10

Notes from Underground – Most read articles for the week ending 22 January 2022

These are the most-read articles and most listened-to Bearcasts of the week. The most-read non-Tom, non tip-of-the-year is Is it time for me to sell my Barclays shares by Chris Bailey.

UHS
UHS

BREAKING EXPOSE: The FCA does not expose and prosecute proven fraudsters it asks them for money!

The document below is so utterly shocking that surely the FCA must now be held to account. In September of last year I demonstrated why Standard Listed Umuthi Healthcare (UHS) was a fraud and exposed how it had been brought to market by a convicted fraudster Connie Van Nieuwkerk.  By October 21 2021, the company was forced to ‘feee up in an RNS to Connie and also that its CEO Gert Viljoen had also been arrested in South Africa and was also in the slammer. So how did the FCA respond?

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - if the FCA really cared about financial promotions Gollum would be doing porridge

In today’s bearcast I start with Cathie Wood of Ark Invest and another sign ( hat tip FP) that she is Neil Woodford on steroids and will see a mega blow up in 2022. The onto the FCA’s plan to crack down on financial promotions. My arse it will. If it was serious on this matter Gollum Gill would be in the slammer already. Then some consolation for Gary Newman with some words on Advance Energy (AVN). I comment on URU Metals (URU) and the there is Best of the Best (BOTB). Surely there must be a Steward’s intp the £60 million share dump by directors nine months ago.  But are the shares now cheap?  

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PREMIUM CONTENT

Tern – The stalled US OTC Listing -over to the SEC

I asked on Friday whether AIM-listed jam-tomorrow internet of things investment company Tern plc (TERN) had run into some problems with its proposed listing on the US OTCQB market. A trip to the SEC website asks more questions than it answers.

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RDT
RDT
PREMIUM CONTENT

Buried right at the bottom – yet another profits warning from Rosslyn

How I miss those days when the then boss of Rossyln Data (RDT) could not remember whether or not he was a former pornographer. His replacement, Paul Watts, might not be so colourful, but, like the ex-pornographer he still has the unpleasant task of trying to polish up regular turds of profits warnings.

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Boom
PREMIUM CONTENT

£140m scandal - The High Street Group goes bust: Now 6/6 on explicit mini-bond warnings from the Sheriff and the FCA did fuck all on all 6

I first wrote about the High Street Grp on 13 April 2020 warning that it was a façade of a group which would ultimately crash into administration.  Although it hasn’t been officially recorded at Companies House yet we now know from the announcement by SKSHigh Street GRP Limited in Administration SKSi which are licensed insolvency practitioners that finally the parent of the High Street Group was placed into administration on 16 December 2021. This now means that all 6 of the mini bond disasters predicted on this website have ended with a crash landing in tits up alley. This also means six more fails for the FCA which did nowt on all 6 until it was too late.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: The SEC, Medallion Financial and the read across for the scammers & promoters of the Standard List and AIM

I discuss the arrests made on 29 December in the USA and why the FCA should look at some of the activities of folks in the UK small cap world. Case studies include Eurasia Mining (EUA) and Chill Brands (CHLL). I then move on to Supply@ME Capital (SYME) and its news today, Wildcat Petroleum (WCAT) and also Verditek (VDTK), which I reckon is a zero for 2022 but since it can’t be shorted is not one of my tips of the year. To JP, sorry I have no idea why Peel Hunt quit as broker to Bushveld (BMN) but I suspect it gave three months notice. Leaving SP Angel as sole broker can’t be seen as good news. It is like firing our beloved West Ham as joint broker to retain the sole services of Chesterfield Town.

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Crime-Scene
PREMIUM CONTENT

The 30 Most-read articles of 2021 on ShareProphets excluding bearcasts

When you look over the 30 most-read stories of 2021, what jumps out? Fraud busting. There are one or two tips thrown in there but what ShareProphets readers really sink their teeth into is the ShareProphets team digging into the accounts and showing up the wrong ‘uns. The author of all of the top 30 articles is….

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Bear

The 25 Most Listened-to Bearcasts of 2021

Tom’s almost-daily podcast remains the cornerstone of ShareProphets, always racking up in the top of the most popular items on the site. From the Welsh to Greek hovels, to the salty language, to the copious amonts of Ouzo and ultimately trenchant analysis of  stocks,  here are the 25 Bearcasts that ShareProphets members had on their podcast players.

Nativity
PREMIUM CONTENT

Julie Meyer MBE’s Christmas Carol - part 3

T’was the night before Christmas and it had been quite a while since the great entrepreneur had welcomed not one but two strange men into her bedroom. And she was not enjoying this experience and had a nagging feeling that things could only get worse. Perhaps if I hire another firm of lawyers I might get an injunction against these misogynists, thought Julie to herself but before she could take that much further the windows of her small rented Zurich apartment burst open….

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HNG
HNG

Hawkwing – having been in September ‘looking forward to updating the market on progress’, more woe from an FCA spanking

In 23rd September-announced half-year results Hawkwing (HNG) emphasised a proposed reverse takeover of Internet Fusion Group, with Senior Independent Non-Executive Director Keith Sadler adding “I would like to thank our shareholders for their continued support and look forward to updating the market on our progress”. He shouldn’t have been looking forward to such…

DEV
DEV
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Dev Clever – shares suspended: Oh Dear, How Sad, Never Mind

It looks like its turkey twizzlers only for the morons owning this stock on this Christmas Eve.  As I have noted many times, Dev Clever (DEV) has been monstrously overvalued on fundamentals, promoted by ramping and worse. At 30p the company is valued at £180 million which for a loss-making entity, run from a lock up on an industrial estate and with half year sales of just £2.4 million is bonkers. But at least you could trade out of you wanted. You can’t now. The company says that it has asked the FCA for the suspension of trading in its shares. Just like you used to ask the headmaster to beat you for sinning at school. Whatever…

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Nativity
PREMIUM CONTENT

Julie Meyer MBE’s Christmas Carol – part 2

‘twas the night before Christmas and Julie was back in her bed, alone once again in her rented Zurich flat, after the departure of the ghostly, and no doubt misogynist, figure. But once again sleep eluded the great businesswoman, devout Christian and MBE.

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Father Christmas

LAST CHANCE TO ENTER: Ho Ho Ho, It’s the 2021 ShareProphets Christmas Red Flags At Night Sweepstakes. Place Your Bets…..

Bah Humbug! It is that time of year again when crappy companies slip out bad news when nobody is watching as they are getting ready for Christmas. Profit warnings, director share sales, resignations, awful results are the rage on Christmas Eve and as we enter a self-imposed Christmas Lockdown at the behest of Doom and Doomer, this year will be no different.

Father Christmas
PREMIUM CONTENT

Julie Meyer MBE’s Christmas Carol – part 1

‘twas the night before Christmas and Julie Meyer was hanging up some particularly expensive stockings, naturally bought on expenses from her Ariadne days, in the mock fireplace of her rented Zurich apartment. “I know that I have been a good girl this year and if there is nothing in there in the morning that just shows that Santa is just a horrid old misogynist like the rest of them” muttered Julie to herself.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Is Harry Adams of Kefi a complete and utter xxxx

I was madean insider on today’s placing a while back and I am not selling my shares in Kefi (KEFI) for reasons I explain. But I am pretty angry with Harry and understand the ire of many of you. I discuss this. Then it is onto Verditek (VDTK) which looks to owe us all a trading statement and is almost certainly bust already. The target there, at 2.9p, is 0p. I also have words for the FCA here on Financial Promotions and why it should be sending Richard “Gollum” Gill to jail. Finally I look at Eurasia Mining (EUA)

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Top-10

Notes from Underground – Most read articles for the week ending 18 December 2021

It is not shock at all that the top non-Tom article this week is Union Jack Oil – Trolling journalists and their girlfriend and ex wife: Who’s a total scumbag? Mr David Bramhill by Peter Brailey at number one or, iif you include the Bearcasts, number one. This one is a must-read, folks.

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: I challenge you to read this one article and not feel sick about life in Britain today

The article is in the Daily Mail but I ask you to hold your nose and read it and not to just feel a profound sense of despair. It is HERE.  I then discuss the manifest failings of the FCA exposed earlier HERE. Finally I look at last week’s base rate rise and what it means and what happens next. It will not be pleasant.  as an addendum I discuss our 2022 share tips of the year which will start on Boxing Day – there will be between 20 and 25 from theShareProphets team, a few details are being finalised hence the imprecise final number. 

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PREMIUM CONTENT

BREAKING DAMNING EXPOSE: Alpha Growth – the shambolic Prospectus is finally approved by the FCA but how and why? An essay in “not fit for purpose”.

Alpha Growth Plc (ALGW) has finally had FCA approval of its Prospectus for the Placing that occurred 10 months ago in February 2021. The FCA is supposed to ensure that any Prospectus issued complies with the rules but it is apparent from a quick read that the Prospectus has not been properly updated throughout the document as many of the references are considerably out of date. It looks like someone at the FCA just wanted to remove the Prospectus from his or her to do list prior to the Christmas holidays rather than subject the document to appropriate and proper scrutiny or perhaps it was simply signed off after a long Christmas lunch. I cite below some examples of where the document hasn’t been properly updated.

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Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin As Gold Tries To Sneak Back Above $1800 Whilst Doom And Doomer Hold UK PLC To Ransom

Well that was a strange week! Having plunged as low as $1765 earlier this month from a high point of $1872 mid-November, Gold has been trying to put in a recovery but there have been some strange reactions.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - some very serious number crunching on Versarien and its failing death spiral

I start with Bluebird Merchant Ventures (BMV) and the FCA. Who is being a moronic fucktard today?  Then some very serious number crunching on Versarien (VRS) and its looming cash crisis as the death spiral from Lanstead starts to fail. Then on why Bidstack  (BIDS) has offered its long suffering sharehoders a great selling opportunity today. And a few words and questions for Lyin’ Stever Sanderson at UK Oil & Gas (UKOG) – placing ahoy!

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BMV
BMV

BREAKING: Bluebird prospectus approved by the FCA - why no RNS? FYB

The FCA has approved the prospectus as you can see HERE.  But there is no RNS from Bluebird Merchant Ventures (BMV) . How odd. This is the last hurdle before production and so should drive a major re-rate. FYB.

PREMIUM CONTENT

UPDATED: Alpha Growth – is it placing ahoy? And as the FCA enforces new global warming rules does it care about basic listing rules anymore?

Alpha Growth (ALGW) announced today that it had appointed Arden Partners as broker to the company (replacing disgraced Pello Capital) and the Bulletin Board Morons reacted positively marking the shares up 11.5% at the time of writing to 3.35p, valuing the company at a quite ludicrous £14 million. 

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Crime-Scene
PREMIUM CONTENT

Is the useless FCA breaking numerous laws in its determination to push a radical trans agenda?

If you still think that the FCA is there to stop financial crime and protect consumers from crooks and scams you are, with respect, living in a different era. That should be its priority, even if it was never any good at it, as I argue on video HERE, but what it is good at is wasting vast sums on woke campaigning, even if what it does is break the law. As I have explained many times on my own site there is a pyramid of victimhood out there among woke campaigners.

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PREMIUM CONTENT

Supply@ME Capital – another letter to the FCA

Supply@ME Capital (SYME) has been forced by Companies law to call a GM where it can explain to shareholders its historic serious loss of capital and what it is going to do about it.  Its reponse so far has been risible, claiming that revenues will go up next year. This from a company that has had to slash sales forecasts it put into the market for 2021 to almost nothing in two slashes since July. But there is a more serious issue: impending insolvency. I have written to the FCA, the regulator — no sniggering at the back — in charge of the Standard List.

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Boom

Video: Tom Winnifrith interviewed by All Party Parliamentary Group on Personal Banking and Fairer Financial Services on how useless the FCA is

I recorded this video for the APPG some week ago and it has just gone live today. I think I made my points clearly with a good joke or two.

Beggar

Broker Pello: the scumbags are back but won't say why it was gated by the FCA

Broker Pello, which brought to market such horrors as the fraud Umuthi (UHS) and has been a stain of UK financial services for years is back. The FCA stopped it doing any new business on August 6 but last night it had news for its scumbag clients:

PREMIUM CONTENT

Edge Performance VCT – Broken Promises, Shareholders Denied….Is This What the FCA Wants?

It was always coming: fully-listed Edge Performance VCT (EDGH and EDGI) has now confirmed that its re-convened AGM – which was adjourned with no business having been covered way back on 31 August 2021 – is going to take place on Monday 17th January 2022. If that is “as soon as possible” after 31 August 2021 then I am a banana. It was also announced that there will be an EGM as requisitioned (for the second time) to put alternative proposals to shareholders, including sacking the entire Board and placing the outfit into liquidation. But the poor old I-shareholders, who were promised that the entire Board would stand for re-election during 2021, yet not one of them has stood during 2021 – are set for the scrap heap ahead of the meeting. The cowardly Board has elected to disenfranchise them.

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Iconic Labs – Signs of life (but it is still insolvent)

Iconic (ICON) shares have been suspended since 7 June 2021 due to the appointment of joint administrators by Toxic Dave Sefton on 4 June 2021 via his company Arch Capital Partners LLP which purchased debts and claims from Shard Capital. 

PREMIUM CONTENT

Another great chance to 'kick a man when he is down' – Tern

Evil Knievil: “the best time to kick a man is when he is down.” The great bear raider is correct, especially in these crazy times when so many frauds or near bankrupts seem able to defy gravity as the believers still belief and continue to BOTFD, so providing share price support. But in some cases even the believers are starting to smell the coffee.

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Father Christmas
PREMIUM CONTENT

BREAKING: LSE new minimum listing rules – a Christmas bonus for AIM’s worst NOMADs, step forward Allenby, waddle forward Roland Cornish

The Financial Conduct Authority has confirmed new listing rules which came into force today.  Under those new rules the FCA is:

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PREMIUM CONTENT

Supply@ME Capital – what about the missing £2 million: why no RNS

On September 29 2021 the fraud Supply@ME Capital (SYME) issued an RNS titled “New £7 million Loan Note Facility completed”. That was all a lie and we are now four days overdue on an RNS relating to it.

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PREMIUM CONTENT

BREAKING: Supply@Me Capital – End of the Line for its inventory monetisation business model? YES!

I don’t expect the morons who own shares in this fraud  are accounting geeks. So I shall try to make this very simple for them for Supply is finished.

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DEV
DEV
PREMIUM CONTENT

Dev Clever bollocks trading statement – look at the cash going up in smoke

Sales are vanity, profit is a matter of opinion and cash is reality. That is a message that Dev Clever (DEV) seems to ignore as it served up a trading statement to accompany news that the FCA was dragging its heels on approving a prospectus as noted HERE. But what of the trading statement? Natch Dev jerks off about its sales in the year to November 30.

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DEV
DEV
PREMIUM CONTENT

The stink at Dev Clever: what does “no later than 30 September 2021” mean to you?

On 12 April Dev Clever (DEV) a company already drowning in red flags exposed on this website announced the £54.75 million all share purchase of VLPL in India and we were told that “This acquisition of VLPL will be subject to the publication of an FCA approved prospectus by no later than 30 September 2021.  An additional 30 million ordinary shares will be granted to VLPL CEO, Ankur Aggarwal, as an earnout consideration subject to achieving key milestones.” Wind forward to 30 September and …

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Bearcast
PREMIUM CONTENT

TomWinnifrith Bearcast - on the Upper Volta Aquis equivalent these shares would be suspended on Monday but on AIM?

I deal with the specifics of ADM Energy (ADME) shares in which must surely be suspended after my second bombshell in 24 hours, another fake sheikh exposed, but this is the AIM sewerr somaybe not.I deal with individuals who enabled this and name them and say why they should not have been in a position to enable this and have some ideas for the FCA, after its recent statement, on Quindell and other frauds.

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CDL
CDL
PREMIUM CONTENT

Cloudbreak Discovery: Another New Low In The Wake Of A Broker Appointment – Coincidence?

Cloudbreak Discovery (CDL) only joined the sub-Standard List in June, but the stock has been a one-way ticket south ever since. Having listed at 3p and peaking at 5.5p, the shares are now just 1.425p. Anyone who purloined IPO shares has now lost some 53% of their cash in around five months. Is that some kind of record?

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Iconic Labs –will it be game over on 8 December 2021?

Iconic (ICON) shares have been suspended since 7 June 2021 due to the appointment of joint administrators by Toxic Dave Sefton on 4 June 2021 via his company Arch Capital Partners LLP which purchased debts and claims from Shard Capital. 

  • 219 days ago
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Matthew's Dog's going to love this recording from a day of triumph: ouzos all round

The triumphs for me are Globo (GBOwhere the man who should know recognises my unique work and puts the FT’s snot gobbler in his place as the FCA swoop and SpectrumX and some real Tory sleaze exposed as it goes bust as advisers say its IPO is on track.  Then I look at AO World (AO.) where almost all the writers here are vindicated and deserve an ouzo tonight (sparkling water for puritan Chris), and Harland & Wolff (HARL) – ouzo for Peter Brailey, cabbage water for Andrew Monk. Finally a few words on the lastest spoof from the fraud Supply@ME Capital (SYME).

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GBO
GBO

FCA launches lawsuits against Globo bosses Costis Papadimitrakopoulos and Dimitris Gryparis – all hail the FT not! Gabriel Grego cites the main journalist hero

After a six year investigation the FCA has finally launched lawsuits against the CEO and CFO of the £300 million Greek fraud Globo, once a poster boy of the AIM sewer. The company raised more than £100 million in debt and equity but was a complete fraud, going tits up in 2015. You may remember …

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Iconic Labs about which we warned so often – will it ever emerge from administration?

Iconic (ICON) shares have been suspended since 7 June 2021 due to the appointment of joint administrators by Toxic Dave Sefton on 4 June 2021 via his company Arch Capital Partners LLP which purchased debts and claims from Shard Capital. 

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Wildcat Petroleum – this is a £57m grandiose farce of share price manipulation & news puffery

As a reminder: Standard listed Wildcat Petroleum (WCAT) lied with its first RNS last December 31 about having raised money. It had not. It now has sub £200,000 left and, ceteris paribus, will go bust by Easter. Its June 30 accounts were promised for October and are still not yet out, with no explanation for the delay. Its November AGM has had to be postponed with no new date given. But in what appears to be blatant market manipulation, its shares are roofing it. Why will the FCA do nothing? Today we have news …

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UJO
UJO
PREMIUM CONTENT

David Bramhill of Union Jack Oil – No redemption in interview, just folly

My esteemed colleague Peter Brailey waxes lyrical about an interview that his friend and, in past days mine, David Bramhill of Union Jack Oil (UJO) has given with Proactive. Peter says that it is “One of the best interviews I have watched.” If that is the case he should get out more.  To me this paid for interview is an exercise in folly and self-deception and makes Union Jack uninvestable.

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UJO
UJO
PREMIUM CONTENT

Union Jack Oil – One of the best interviews I have watched?

David (Dave) Bramhill of Union Jack Oil (UJO) put an interview into the public domain yesterday. While I am not a shareholder currently, I was most impressed. It is worthy of noting any CEO / Exec Chairman who acts with apparent and demonstrable honesty and openness and I wish many more would do so. He did not duck hard questions – far from it. I should say Tom disagrees with me viiolently and explains why HERE.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: the silence of Superdry and the sleaze at Nightcap - surely this is a 0/10 for G (as in ESG)

I start with news of two birthdays. Then I look at today’s Superdry ramp from Versarien (VRS), at Wildcat (WCAT), where the FCA has already responded to  my missive, and at Nightcap (NGHT) where what I have revealed today is legal but surely stinks to high heaven making the shares utterly uninvestable. 

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PREMIUM CONTENT

Chill Brands – the best time to kick a man is when he is down

‘The best time to kick a man is when he is down’ is a quote from my friend the bear raider Simon Cawkwell, aka Evil Knievil. It is not a reference to individuals who have fallen on bad times for Cawkwell is, sometimes, not that uncharitable, but to shares in companies hitting new lows.

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Pinocchio
PREMIUM CONTENT

BREAKING: Andrew Frangos, the FCA and broker Pello, misleading its customers about Pluto Digital

Broker Pello is still banned by the FCA from doing any new business while the regulators investigate a number of matters, notably how members of the Frangos gang including disgraced John Story broke IPO lockins on an industrial scale using accounts at Pello. Now another matter has come to light, a pre IPO funding round arranged by a company called Pluto Digital. Natch the liar Story was among those invested as were other gang members. However, the FCA has now forced Pello to write to its clients who took a punt with an admission. The email below is what was sent and, quelle suprise, it is utterly misleading. 

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: BREAKING - Equities First Holdings is back - Wandisco officially now uninvestable!

I start with good news for those who like salacious financial markets sleaze.I have been doing more digging into the David Lenigas, Charlie Wood & Anthony Eastman cesspit and this will become a series. Another installment tomorrow. And as a bonus there is a new bombshell on Julie “Lingerie on Expenses” Meyer MBE on its way. Who’s been a very naughty girl then? Then the Wandisco (WAND) shocker. I explain why today’s RNS is deceitful and why this makes the company uninvestable. Then it is onto Nanosynth (NNN), Darren Winters, The High Street Grp and a £60 million FCA mini-bond failure and finally, another villain of these pages, Colin Bird and a few thoughts on why shares in African Pioneer (AFP) may be tanking. PS I see that dodgy HK360 Limited has been forced to admit its sold its Net Zero Infrastructure (NZI) shares after yesterday’s letter to the FCA from myself. Will Net Zero now force TR1s from other shareholders who have dumped or doesn’t it care about the rules?

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Dead-Donkey

BREAKING: The High Street Grp – Notice of Intent to appoint administrators, another mini-bond disaster the FCA did nothing about

I first wrote about the High Street Group 575 days ago, explicitly warning that it would go bust  It was the sixth mini bond scheme I had written about. Five have gone tits up. Natch the institutionally useless FCA has ignored my oft repeated warnings about The High St Grp, as it ignored my warnings about the other five mini bond disasters I flagged up, And High St has conducted business as usual. But that looks about to end.

NZI
NZI
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Letter to FCA: Net Zero Infrastructure and the missing TR1s

Standard Listed green shite investment company Net Zero Infrastructure (NZI) still refuses to say who is behind shady, offshore based HK360 Limited. This refusal to be transparent is all the more critical because there are very clearly some missing TR1s which would reveal who dumped into the pump. I have written to the FCA as you can see below.

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Bitcoin

Outside paywall: Charlatan snake oil salesman Darren Winters joins the crypto bandwagon with Afrostar: Avoid like the plague

Has poor Africa not suffered enough? War. Famine. Disease. Visits from Bob Geldof and Bono. Surely the continent deserves a break? Oh no, now it has to cope with conman, charlatan and snake oil salesman Darren Winters whose criminal antics on this website have been exposed so often.

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Letter to the FCA - Not one but two new financial crimes at Chill Brands that need investigating

There are suggestions today that Chill Brands (CHLL) next bailout fundraise will be at 5p. I would suggest that this is the bull case. Rapidly running out of cash and with a business model that is a proven failure I cannot see why this business will be rescued until it is on the brink and the spivs at broker Peterhouse do a friends and family offer at 0.1p turning it into a cash shell. What is clear is that the shares will collapse as stale bulls dump and that anyone hanging on is insane. But what of the FCA?

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Bearcast
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Tom Winnifrith Bearcast with a hat tip to Bjørge Lillelien and to Steve "Sherlock" Holdsworth

A second podcast on the US elections, analysis results I predicted so accurately yesterday can be found HERE. In this Bearcast I cover Chill Brands (CHLL), what the FCA must do NOW and why Chill is now officially fecked, Darktrace (DARK), Trainline (TRN) and shocking news from Parlsey Box (MEAL) flagged up by Sherlock – surely this demands a formal statement. 

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PREMIUM CONTENT

No Insider Dealing Honest Guv: Chill Brands car crash trading statement – it is even worse than it looks

Yesterday saw two trades of 2,005,106 and 2,550,000 Chill Brands (CHLL) shares dumped well below the offer at 14.25p. That is more than 2% of the equity. There were other big sells below the bid on Monday. Was a major shareholder at last accepting that I was right or was this just canny de-risking as today there is a trading statement which is so terrible it is hard to know where to start. No doubt the FCA will ensure there is no story of insider dealing to tell. So how bad is the statement? It is dire.

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Chill Brands – why not post a “no reason for share price move” RNS?

Shares in Chill Brands (CHLL) have fallen by almost 20% since the start of the week and it is not yet Tuesday Lunchtime, unless you are Roland “Fatty Cornish in which case Tuesday lunchtime started just after elevenses. In such a situation many companies would be tempted to issue a “we know of no reason for the share price move” statement. But Chill cannot and it cannot for two reasons.

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Chill Brands – where is the FECKING Sales update you PROMISED? Just how bad is the news you hide?

Shares in Chill Brands (CHLL) have slipped again today to a new year low of 17.75p. Ouch. To think that they were 76p when I published that 60 red flags dossier but of course the bulletin board morons, Seth Freedman et al knew so much better.  The question now is about the trading statement and US sales update. What statement you say? Exactly!

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NZI
NZI
PREMIUM CONTENT

SHOCKING EXPOSE: Net Zero Infrastructure – the green virtue signallers and the dodgy offshore cash: it gets much worse ( the HK trial dossier)

So who is behind the offshore (Belize) based tax dodgers at 360HK Limited which took part in the 3p per share IPO fund raise of Net Zero Infrastructure (NZI) on the Sub Standard List but has been dumping its shares into the pump ever since? It is a simple question but the company’s response will shock you? Or maybe with a patsy career politician Tory Baron and mate of Boris on board it will not.

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PREMIUM CONTENT

The Barclays boss and Prince Andrew and Bill Clinton's paedo mate, the late Jeffrey Epstein

Hello November! The eleventh month of the year has always been an interesting one for the world’s investors with over the last 70, 20 or 10 years only April – on average – generating a similar return. Of course nothing is guaranteed but the reason why November has on average performed well is a combination of Q3 earnings updates and building hopes towards upcoming end of year brokerage updates towards the following year. It is not guaranteed, but its all good active investment fun and now for a couple of bits of excitement in today’s news.

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Top-10

Notes from Underground – Most read articles for the week ending 30 October 2021

The top non-Tom article this week is Ariana – Oh No: Not More Good News! by Nigel Somerville, the Deputy Sheriff of AIM at number 11 or number 18 if you include the Bearcasts.

CDL
CDL
PREMIUM CONTENT

Cloudbreak Discovery – FY Results Delayed!

If there were not already enough Red Flags flying over sub-Standard-Listed Cloudbreak Discovery (CDL) to supply a parade in Red Square on May Day, this morning’s announcement of a delay in publishing full-year results to June 2021 must surely be the final straw for shareholders.

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UHS
UHS
PREMIUM CONTENT

Calling any FD’s with a career death wish, a Standard Listed fraud with a CEO on Police Bail wants YOU!

Readers of this website already knew that Umuthi (UHS) a company admitted to the Standard List after full FCA due diligence, was a fraud after our series of exposes HERE. You also knew that its CEO Gert Viljoen and the fraudster Queen Connie Van Nieuwkerk had been arrested as we revealed HERE. Today, it got worse. Much worse.

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PREMIUM CONTENT

Alpha Growth – why still no Prospectus and will it get its 2nd interims published in time to avoid a suspension?

Almost seven months after its acquisition of Providence Life Assurance Company Limited which was announced on 11 February and completed on 23 March 2021, Alpha Growth (ALGW) still hasn’t managed to issue its Prospectus to permit the trading of the 187,500,000 placing shares issued on 15 March 2021 to fund the acquisition.  This hardly inspires confidence that the enlarged group has the appropriate financial reporting expertise and resources appropriate to run its business which now includes a Bermudian regulated business. 

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: How do you know when an AIM CEO is lying?

In today’s podcast, I consider the video interview I’m doing later on the FCA, Ben’s Creek (BEN) and how its inevitable failure will come to haunt the AIM sewer, Vast Resources (VAST), UK Oil & Gas (UKOG), Seed Ventures (SEED), Eden Research (EDEN) and the dual list on OTC con, and Predator Oil & Gas (PRD

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Will Andrew Bell be fired for Christmas?

I start with the wish of Joshua’s best pal to be a sheep in the school play. Like father like son, natch my boy is one of the three wise men. Then I ask if Andrew Bell will be fired at the Red Rock Resources (RRR) AGM before looking at Simec Atlantic (SAE), Feedback (FDBK), the fraud Chill Brands (CHLL) and my next missive to the FCA and British Honey (BHC) where, following up from my earlier piece, it seems an entire family was at the trough.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Rewarding the failures at the FCA, Vertu's unacceptable behaviour and that lock-up global HQ in Tamworth

I start with a look at the departure of Charles Randell from the FCA and the mess he leaves behind, then at Vertu (VTU) rewarding its shareholders having taken £29million from you and I, and finally what to make of the lock-up on an industrial estate global HQ of Dev Clever (DEV).

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: maybe the FCA might deal with Rob Terry

I ponder yesterday’s news which is terrible for Britain and which I find terribly disappointing at a personal level regarding the fraudster Rob Terry. I have a suggestion for the woke dullards at the FCA. I comment on the arrests of Umuthi fraudsters in Zim South and who in the UK now has massive questions to answer. I consider the Domino’s (DOM) trading statement and the issue Rishi Sunak faces on VAT.  This was a short working day for Jaya reasons, I’ll be back with a longer podcast on what should be a full day on Friday.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bonus Bearcast - a bleak day for the good guys in what is the golden age of fraud & white collar crime

I discuss the SFO, FCA, FRC, the big four accountants, the media and political classes and the big lawyers and the king of the fraudsters Rob Terry. I fear nothing will change. I go into detail how it could and should, why Rob Terry was guilty as sin giving you chapter and verse. But I fear nothing will change and explain why.

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Greek Tear

Have not the poor Greeks suffered enough: leading newspaper eKathimerini falls for the Julie Meyer pitch as the vulture swoops on a new mark

In the USA, UK, Malta, Croatia, and Switzerland Julie “Lingerie on Expenses” Meyer faces untold court cases, owes millions to tax authorities, lawyers, staff, and other creditors and even faces jail for contempt of court and an FCA criminal enquiry. But for every rat there is a safe hole somewhere and now Julie has blessed the Hellenic Republic with her presence and the local press appear all too willing to push her PR narrative without question as you can see below.

PREMIUM CONTENT

SHOCKER: Supply@ME Capital Interims – it will be out of cash by Christmas even with its new death spiral - and the directors now admit it may go bust

The fraudsters and chancers at Supply@MECapital (SYME) tried to seep out some of the poison of quite diabolical interims with a 31 August Trading statement, but the true horrors only emerged today. Even the directrs now admit it may go bust yet moronic private investors reckon an £88 million market cap is cheap!

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Letter to FCA – Another case of investor deception by Chill Brands on the Standard List

The FCA is meant to regulate the Standard List of the LSE. Cripes it is not just at the back I hear sniggering, you are all laughing out loud.  Please be serious and let us treat the FCA with the respect that it is due.  Standard Listed Chill Brands (CHLL) has misled investors as to its trading position. What will the FCA do about it? I have written a letter this morning.

PREMIUM CONTENT

Vast Resources: The Oxymorons at AIM Regulation vs Fleet Street Legend Brian Basham (again)

Clearly Vast Resources (VAST) has misled investors of many years allowing the AIM fat cats who run this company to live the lifestyle at the expense of others. I flagged up one such shocker HERE. Fleet Street legend Brian Basham has tried to get the woke dullards at the FCA and the Oxymorons at AIM Regulation to do something but neither seem to care.  His latest exchange of emails has fallen into my hands.

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SAE
SAE
PREMIUM CONTENT

Simec Atlantis Energy- The beginning of the last Act

Simec Atlantis Energy (SAE) rather surprised a few investors with an after-hours placing RNS yesterday at a whopping 48.4% discount to the closing price of 4.85p just minutes before. Of course to any regular reader of this site it should come as no surprise whatsoever – I have been warning for the last 2 years! But there is worse to come in my view.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: the Mrs doing her bit for the fuel crisis

I explain why there was no bearcast yesterday. Then I look at the part this household is playing in the fuel crisis. It is all about psychology. Then a look at Real Good Food (RGF) and companies delisting before a look at the pathetic punishments for the enablers of fraud at Patisserie Holdings (CAKE) I also look at what Australian regulators are doing to tackle pump and dump twitter gangs while the FCA jerks off on more ESG porn doing nothing about tackling real crime. I flag up Aura Energy (AURA) in this regard.

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ECP
ECP
PREMIUM CONTENT

Eight Capital & the Supply@ME shares – the piss take racks up a gear, surely even the FCA cannot play ball now?

It is hard to know where to start with the ludicrous announcements from Aquis Listed Eight Capital Partners (ECP) controlled by former Supply@ME Capital (SYME) boss Dominic White. But having seen the FCA overlook industrial scale fraud at Supply, in its capacity as , ahem, “regulator” of the Standard List, White says he is going to move Eight to the Standard List. Surely the FCA has to reject this application? Why?

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EUA
EUA
PREMIUM CONTENT

Now it's time to go to town on Eurasia Mining as a bear

Two or three weeks ago I clambered off the fence and explicitly told you to short Eurasia Mining (EUA) at 28p. The shares are now 23.6p in the middle. So far so good for we bears but the company is still valued by the market, on a fully diluted basis as there are loads of in the money options, at well over £700 million which is insane. A placing announced yesterday is the cue to add to your shorts.

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PREMIUM CONTENT

Wildcat clears decks for bailout placing and it is now being forced to tell the ghastly truth

Make no mistake, a bailout placing is underway at Wildcat Petroleum (WCAT) as revealed in yesterday’s bearcast. Today, a new adviser to replace disgraced Pello Capital, currently banned by the FCA from doing any business, has forced it to come clean so that it can place.

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EUA
EUA
PREMIUM CONTENT

Letter to the FCA – 2 possible counts of market abuse or worse concerning Eurasia Mining

The 26p per share £11 million placing on Monday by Eurasia Mining (EUA) may open up not one but two cans of worms and I have written to my chums at the FCA asking for an investigation on two counts. The letter is below:

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PPG
PPG
PREMIUM CONTENT

So farewell then Plutus Powergen – booted off AIM, no cash, no deal and ....is that the Fat Lady I see coming this way?

Well you cannot say that I did not warn you all that this would end in tears. Naturally, some Bulletin Board savants knew better than the Sheriff of AIM and heaped abuse on me in all the usual ways. Oh dear savants, you have lost all your money. Enjoy the poverty that lies ahead. Have you told your Mrs that Christmas is cancelled yet? For me, it has been fun while it lasted. No doubt Cynical Bear is, like me, enjoying ouzo on his cornflakes today as it was he who first alerted us all to the scallywags Charles Tatnall and James Longley who brought us Plutus and a raft of Standard list dogs which kept on lending each other money they could never repay. But today Plutus Powergen (PPG) has been booted off AIM. Hello: is that the Fat Lady I see rushing towards us? Nope. I think it is just my mother-in-law but you don’t want to mess with her either.

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PREMIUM CONTENT

The rise and fall of Reggie Wildcat Petroleum - still another 1.5p to go to zero!

One of the great ramps of the year has been Wildcat Petroleum (WCAT), a poster boy for the sewer that is the Standard List regulated, no sniggering at the back, by the clowns at the FCAIt started its career on December 30th by lying to investors in its very first RNS. It said that it HAD raised £600,000. It had not.

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UHS
UHS
PREMIUM CONTENT

10 red flags we all might have spotted at the Umuthi fraud

This weekend’s short letter on the N50 website will look at a company whose shares you can trade. Today, I am feeling pretty proud of my take-down of Standard Listed Umuthi (UHS) whose March 4 IPO was to have valued it at £368 million. A series of articles HERE has seen its sole NED resign and nobody now seems to doubt that this is a complete fraud with no business and that the revelations are truly shocking. Sadly, as it is an obvious zero, its shares are suspended but there are lessons. Here are 10 signs that this was a fraud:

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UHS
UHS
PREMIUM CONTENT

Another Winnileaks bombshell – Gert Viljoen sends a lie packed email to Umuthi shareholders

Thanks to the Winnileaks service I have been sent an email from Gert Viljoen, the CEO of the Umuthi (UHS) fraud, sent on 18 September 2019, almost 18 months before the FCA allowed this con to list. Read and weep at the lies Gert told to folks sold shares in Umuthi by either him or the Queen of the fraudsters Connie Van Nieuwkerk with most of the cash trousered by Gert or Connie and a bit going to Umuthi.

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UHS
UHS
PREMIUM CONTENT

Winnileaks special - FCA assures the fraud Umuthi NO formal enquiry

By June 10 as the FCA suspended trading in shares in the fraud Umuthi (UHS) for a second time it had been aware for a while that this IPO was put together by a fraudster known for cooking the books and banned from doing any financial services work by the South African equivalent of the FCA. But in this letter, passed to the Winnileaks service, sent  to Umuthi while it asks a stack of questions the FCA stresses there is NO formal enqury. FFS why not? And some of the questions it asks, regarding the resignations of Memery Crystal and PKF Littlejohn should surely have been asked back in March, rather than after the shares were allowed to resume trading – albeit for only two weeks – on May 25. The FCA is not fit for purpose as we noted here. The letter is below.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bonus bearcast - talking to a man about Umuthi, forged bank documents and other matters

In between trying to make mint cordial, mint ice cream and damson jam last night I had a call from a man who had done some work for Umuthi (UHS) and what he said about a forged document purporting to show a bank transfer and a blocked site visit is further evidence of what a complete fraud this is from top to bottom. I relay it to you and wonder what the FCA will say about this?

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: my next fraud expose will be on AIM

a few more words on Umuthi (UHS) after today’s bombshell and on where it leaves the FCA. Then I flag up a few personal committments which sees me cooking like a dervish for a few days but then I shall be onto my next fraud expose which is also in Africa but this time with AIM listed companies. Then I look at comedy from ADVFN (AFN) ask a serious question abut Chill Brands (CHLL) and the proven liar John Story and finally discuss Argo Blockchain (ARB)

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UHS
UHS
PREMIUM CONTENT

BREAKING BOMBSHELL: Umuthi - The Standard List fraud that exposes the slime at the heart of the City of London, part 8: the resignation of Memery Crystal

So far you have met the fraudster Queen, the other South Africans on the board who are mired in this fraud and an enabler, broker Pello and its boss Andy Frangos who are also deeply implicated in  the Umuthi (UHS) bezzle and the patsy UK NED Colin Bloom - now since resigned. Then we established that nobody actually knows how many shares there are in issue. and finally we established that there is almost certainly no real business at Umuthi whatever it accounts state!  And then we exposed the red flags over auditors and the enablers at Jeffreys Henry. Now we turn to the resignation of lawyers Memery Crystal a firm I have thrice beaten off after it sent fascist bully boy letters threatening me on behalf of crooks like Chris Cleverly. Memery was lawyer to Umuthi. 

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: ITM - this is truly bonkers

In today’s bearcast I look at MyHealthchecked (MHC), Umuthi (UHS) with a warning for the FCA of what is happening tomorrow and a discussion of what it takes to be a fraud enabler and at ITM Power (ITM) and green investing.

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UHS
UHS
PREMIUM CONTENT

BREAKING: Ouzo on my cornflakes: Colin Bloom UK Non Exec at the Umuthi fraud resigns with immediate effect reports company to FCA & SFO

Praise be the Lord! I can reveal that, after my weekend barrage, devout Christian and Tory Party hack Colin Bloom has this morning resigned as the sole UK director of the Umuthi (UHS) fraud.  Amen. Moreover…

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UHS
UHS
PREMIUM CONTENT

Umuthi - The Standard List fraud that exposes the slime at the heart of the City of London, part 3 one of the implicated enablers, Pello Capital

So we have met the fraudster Queen who managed to float Umuthi Healthcare (UHS) HERE and established that board members were complicit in this criminal and fraudulent IPO HERE. But what of the folks who enabled or facilitated this fraud here in the City of London where ones word is ones bond? Before we turn to the fraud at the heart of Umuthi a brief mention is due of the advisers and we start with Pello Capital, a broker and adviser to Standard listed firms.

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PCF
PCF

PCF the accounting black hole gets worse – a reminder of what the guilty man does now!

Oh dear, oh dear. Shares in PCF Group (PCF) which have been “temporarily” suspended since an accounting black hole emerged on 19 May look like they are going to be “temporarily” suspended a  good bit longer. The AIM dog had said that the black hole in the September 30 2020 P&L was going to be less than £750,000. But today…

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Shocked by a dossier on a Standard Listed fraud the FCA knew about and allowed you to buy shares in

This podcast is in two parts. I start with a few words on Malcolm’s piece of earlier on Creightons (CRL) and paying a high or low PE. Then I have been passed a dossier and had a conference call about a company the FCA has allowed you to buy shares in even though it was told that the individual behind it was on Police bail for a massive fraud and had a history of fraud and guess what, this company is also a top to bottom fraud. I am gobsmacked by it all but especially by this latest Standard List failing by the FCA which is just not fit for purpose.

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Letter to FCA – suspicious trades in Chill Brands

I flagged this up in bearcast yesterday, the case of the two large trades in the fraud that is Chill Brands (CHLL), both sells, going through late on Friday of last week. I have written to the FCA urging it to investigate.

PREMIUM CONTENT

Supply@ME Capital swaps one death spiral for another and lies about it

Supply@ME Capital (SYME) may have a couple of new directors but that appears to have changed now! It still appears to take a delight in deceiving the morons who own its stock. Today it says that it has closed its death spiral facility with Negma and replaced it with a loan except that it is not a loan but another death spiral! And it gets worse.

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PREMIUM CONTENT

The FRAUD Supply@ME Capital trading statement – Part 3 – the Godawful Numbers & joke valuation: target price 0p

There is so much in today’s absolutely appalling trading statement from the fraud that is Supply@ME Capital (SYME) that I need to cover it in three parts. I kicked off with how Supply deceived the woke dullards at the FCA and investors with bogus revenues. Then there was the shocking misleading Proactive report now exposed as pure fiction. Now we turn to the actual trading…

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PREMIUM CONTENT

The FRAUD Supply@ME Capital trading statement – Part 2 , That utterly misleading Proactive report and the Negma Death Spiral

There is so much in today’s absolutely appalling trading statement from the fraud that is Supply@ME Capital (SYME) that I need to cover it in three parts. I kicked off with how Supply deceived the woke dullards at the FCA and investors by reporting bogus revenues. Now I move on to how it has helped generate liquidity for death spiral provider Negma with paid for research which is pure fiction.

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PREMIUM CONTENT

The FRAUD Supply@ME Capital trading statement – Part 1, how it hoodwinked the FCA and investors with bogus revenue

There is so much in today’s absolutely appalling trading statement from the fraud that is Supply@ME Capital (SYME), that I need to cover it in three parts. I kick off with how the FCA ignored evidence from me and allowed Supply to get away with publishing bogus revenues, something it has today finally fessed up to.

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PREMIUM CONTENT

Amigo is telling shareholders it may go bust but mug punters bid the shares higher anyway... whatever

Normally companies will do anything they can to stop auditors or anyone else saying that there is any uncertainty at all as to its ability to continue as a going concern, that is to say not to go bust causing investors to lose all their money. But today, loan shark Amigo (AMGO) stresses most clearly that there is a material uncertainty and still its shares are bid higher. Crazy stuff.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Three failures by the FCA that will come to haunt the useless tossers

In today’s bearcast, I look at those failures in detail: Wildcat Petroleum (WCAT), Tirupati (TGR) where you might brace yourself for some language some may deem sexist and not very 2021, and Supply@ME Capital (SYME) where today’s extraordinary news really should alarm any holder. I also revisit Argo Blockchain (ARB) which has published its US listing prospectus HERE which I comment on. En passant, I look at share trading patterns in Versarien (VRS) and Chill Brands (CHLL) and what they tell us about sentiment in what were last year’s Bulletin Board darlings. They are just so 2020 aren’t they?

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Top-10

Notes from Underground – Most read articles for the week ending August 21

The top non-Tom article this week is Jubilee Metals is making good progress with production and is set to benefit from strong metal prices: BUY by Gary Newman at number five or number eleven if you include the Bearcast and Tom’s new shareshow. 

TGR
TGR
PREMIUM CONTENT

BREAKING: FCA needs to suspend shares in Main Market listed Tirupati Graphite NOW!

Tirupati Graphite (TGR) listed on the main market at 45p on 14 December and the shares have done well, surging to 115p. £6 million was raised by Optiva on listing and another £10 million at 90p in April. But I have just contacted the FCA as there appears to be a problem, a big problem.

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ZOE
ZOE
PREMIUM CONTENT

BREAKING: The fraud Zoetic is again caught selling illegal products in the USA

I can reveal that despite covering up industrial scale breaches of FDA Regulations after I published the damning 60 red flag dossier, the fraudsters at Zoetic (ZOE) continue to breach FDA guidelines as they try, and fail, to sell material quantities of CBD products via AATAC. I have alerted the FDA to this rule breach and wonder how AATAC will respond if it gets roped into any investigation? I shall also be contacting it this week.

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BRH
BRH
PREMIUM CONTENT

Spiv Trevor Brown takes the piss at Braveheart, does discounted placing AFTER £4m of share dumps

This will come as a bit of a shock to France’s Warren Buffett – Braveheart Investment Group (BRH) run by spiv pump and dumper Trevor Brown has raised £2.5 million via Peterhouse at just 18p. Wowzer. This stinks to high heaven. Shame on all concerned and here is why.

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Boom

Words of wisdom from Julie "Lingerie on Expenses" Meyer on the campaign to get more women on boards

The subject of an FCA Criminal enquiry into alleged misuse of client funds, owing millions in unpaid taxes to the HMRC and IRS and now facing jail for contempt of court over yet another unpaid legal bill, Julie “Lingerie on Expenses” Meyer MBE has given her thoughts on the great issue of our time: the need to get more folks like her on boards. With no comment from me she opines:

Top-10

Notes from Underground – Most read articles for the week ending August 7

The top non-Tom article this week is Escape Hunt – John currently getting away with this ‘growth’ Story… but for how long? by Steve Moore at number eight or number 14 if you include the Bearcast and Tom’s new shareshow. 

PREMIUM CONTENT

Alpha Growth – where is the Prospectus?

I first commented about Alpha Growth (ALGWon 8 April 2021 and the absence of a Prospectus in respect of its issue on 8 March 2021 via a placing of 187,500,000 shares at 2 pence per share.  The placing represented over 77.8% of existing ordinary share capital of Alpha prior to the placing.  The broker which organised the placing was Pello Capital which, as of Friday, is operating under restrictions imposed by the FCA, that is to say it cannot write any business at all other than allowing clients to transfer out cash and shares to other brokers.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Pello suspended by FCA, the past present & future (an explosive dossier on Saturday)

I look at the shock suspension of trading by the FCA of City broker Pello. I look at Braveheart Investment Management (BRH) and how Trevor Brown has made £7.5 million from pump and dump while mug punters have lost up to 85% on one pump and 60% on another. Finally, tomorrow will see an explosive dossier on the fraud Supply@ME Capital (SYME). It is a zero.  Meanwhile, Ian Westbrook has now raised £19,105 on the make loathsome Neill Ricketts of Versarien (VRS) sweat like a pig appeal. We need just £895 to hit target so keep those £10 and £20 donations coming HERE

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PREMIUM CONTENT

Letter to FCA - how many shares in Supply@ME Capital does CEO Alessandro Zamboni actually own?

I cannot see a reference to this on the Supply @ME Capital (SYME) website but some folk think it is 26% of the equity. I think it is 0% and following the posting of THIS document, it strikes me as important that the truth be known. If the CEO has dumped his entire holding, why would any sane investor own the stock? I have written to the FCA as you can see below.

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ODX
ODX

Meet Craig Inglis – a moronic Saltire flying Scottish troll from LinkedIn

Craig Inglis used to be a soccer referee and before that he was manager of the Raith Rovers supporters club. You can see his profile here. He is now apparently a full-time investor. I suggest he is a moron. He asked to “connect with me” two weeks ago and last night I accepted his offer. Quick as a flash this morning he has pinged me and we have had the following exchange. Where do these morons come from?

PREMIUM CONTENT

Letter to AIM Regulation & The FCA – UK Oil & Gas, did it bury bad news during open offer?

I make no accusation here against UK Oil & Gas (UKOG) and its boss Lyin’ Steve Sanderson. It is just that the recent timeline of disaster looks rather compressed to me. And given Lyin’ Steve’s form for er…lying, I have dropped the note, below, to the Oxymorons at AIM Regulation, cc’ing the woke dullards at the FCA since this relates to the conduct of an open offer.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: MyHealthChecked & Zoetic again, on the latter big questions raised

On MyHeathChecked (MHC) I tidy up all the loose ends from yesterday’s options storm and I am confident that the greedy management have behaved in this way as the shares will head higher. On the fraud Zoetic (ZOE) I discuss the purchase of the domain name Chill.com and all the questions that throws up. I do know a bit about buying domain names and this is not what it seems. Then I cover the 2 questions that its financial adviser Nick Harriss at Allenby and its scumbag PR Henry Harrison Topham will not respond to and which I will be taking up with the FCA tomorrow. It strikes me these are slam dunk rule breaches. Nick, at least, used to care about such matters.

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PHE
PHE
PREMIUM CONTENT

Letter to AIM Regulation: Yeo must Go from Powerhouse NOW!

Peter Brailey has the scoop on all the nationals. Ex Tory Minister sleazy Tim Yeo has been accused by a judge of lying under oath as he was found guilty of failing to appropriately discharge his fiduciary duties and now bankrupt TMO Renewables.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: I have never read such total bollocks in my life in an RNS

An early podcast as Joshua and I are off exploring for an old bridge and a back road to Orova shortly. In today’s bearcast, I look at Predator Oil & Gas (PRD) – a cause for extra ouzo tonight as Ron Pilbeam gets the order of the boot after my missive to the FCA – at new IPO Spinnaker Acquisitions (SPAQ) which looks like an overpriced nest of vipers and finally at the fraud Supply@ME Capital (SYME) whose RNS today is just complete and utter bollocks.

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PRD
PRD

So farewell Ron Pilbeam, dodgy share dealer of Predator Oil & Gas infamy - breakfast ouzo for the ShareProphets team again

The curse of ShareProphets strikes again. Those who view us as toothless can go post defamatory remarks on chatrooms while sitting in their smelly underpants in their social housing. Meanwhile another bent PLC director bites the dust thanks to our good work.

Top-10

Notes from Underground – Most read articles for the week ending July 24

The top non-Tom article this week is Ariana – Special Dividend Announced (hooray!) Where now for the shares? by Nigel Somerville at number four or number ten if you include the Bearcast and Tom’s new shareshow. 

PRD
PRD
PREMIUM CONTENT

BOMBSHELL EXPOSE: Predator Oil and Gas – More skeletons than a graveyard

Having commented on the potential insider trading and undeclared related party deal at Predator Oil and Gas (PRD) only a few days ago and triggered Tom Winnifrith to write to the FCA, I’ve been drawn back again to look at a few further aspects. So often when you find something really questionable going on within a company, it is rarely a one-off and it would appear to be the case for this company.

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EST
EST
PREMIUM CONTENT

Shame on Peterhouse & the FCA – the corporate resurrection of disgraced Charlie Wood and a good pal of Pete Landau

Such was the scandal when Charlie Wood was ousted from Attis Oil & Gas (AOGL) I thought that the London small cap world was rid of a wrong’ un we would never see again. I was wrong. London markets have no shame or standards. Thanks to Peterhouse Corporate Finance a man not fit to run a public lavatory let along a public company is back.

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PREMIUM CONTENT

Letter to the FCA – Enquiry into Wildcat Petroleum IPO needed now

This is pretty clear. Even the woke dullards at the FCA should be able to sort this out with one phone call demanding that Wildcat Petroleum (WCAT) produce its bank records from 30 December 2020 to 31 January 2021 or maybe later. I have sent the letter below.

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Top-10

Notes from Underground – Most read articles for the week ending July 17

The top non-Tom article this week is QUIZ plc – trading update, how creditable is “consistent with the board’s expectations”?… by Steve Moore at number four or number ten if you include the Bearcast and Tom’s new shareshow.  The funniest article this week is  ShareProphets “Good Day to Bury Bad News” Competition Result – how many companies put out dodgy RNSs the morning after the Euros in the expectation that they will be overlooked. Nine.

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: For a change talking my own book

First up, would you rather listen to Joshua on Dinosaurs than to me on shares tomorrow? He thinks he is the world’s greatest expert but perhaps we should see how he fares on the Sunday quiz if Darren yields to his demands and has some dinosaur questions in it first? In today’s podcast, I look at the FCA’s new business plan, at ADVFN (AFN) and why Yair Tauman need to put up or shut up, at Online Blockchain (OBC), Supply@ME Capital (SYME), Seed Ventures (SEED – in detail – and en passant the fraud Zoetic (ZOE) and Orcadian (ORCA) which I backed pre IPO and which Peter Brailey writes up HERE.

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Chocolate-Teapot

You could not make it up: the latest FCA proposal, take a knee to Saint Greta & Carrie bloody Antoinette

There were you and I thinking that the job of the Financial Conduct Authority was to protect consumers and to tackle financial crime. Well think again, welcome to its latest master plan published yesterday.

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - Another fail for the FCA and more to come!

Happy Bastille Day to our listeners in France. Here another day of swimming and cooking for guests. In today’s podcast, I look at Verditek (VDTK) and the latest missive from Gollum, the investment whores at Proactive, the fraud Supply@ME Capital (SYME) & its death spiral and finally more thoughts on today’s Winnileaks special on MC Saatchi and what it says about the useless FCA when it comes to tackling white-collar crime. Finally a few words with Cliff Weight of ShareSoc re Financial Promotions.

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SAA
SAA
PREMIUM CONTENT

Winnileaks shocker: Jamie Hewitt, Saatchi, the bombshell emails and an (again) failing FCA

On his LinkedIn profile the former CFO of M&C Saatchi (SAA) Jamie Hewitt says: “After 15 very good years at M&C Saatchi as Global CFO, I decided to leave in search of new and exciting CFO challenges. I am particularly keen to identify and work with fast scaling media and tech businesses, in either a permanent or interim role.” Before hiring Jamie, Prospective employers may care to check out this Winnileaks expose, a report from PWC into accounting fraud at Saatchi from December 2019.

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PREMIUM CONTENT

Ex Vast Resources director Brian Basham names paid BB ramper in damning email to FCA

Fleet Street Legend Brian Basham was once a director of Vast Resources (VAST) but resigned in disgust at what he saw as blatant corporate malfeasance. He has been urging the Oxymorons at AIM Regulation and the woke dullards at the FCA to act, so far, without success. His latest missive to the FCA has fallen into the hands of Winnileaks and makes accusations that surely demand a response. It is shocking and it is below.

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Beggar
PREMIUM CONTENT

The London Stock Exchange and its inadequate response on Jub Capital Management LLP

On Thursday 8 July 2021, the London Stock Exchange published its Disciplinary action against Jub Capital Management LLP.  Investegate |Stock Exch Notice Announcements | Stock Exch Notice: N16/21 – Disciplinary action against a member firm.  Within the text was the statement that “No fine is to be imposed, taking into account the firm’s financial condition, but in other circumstances the Exchange would have sought a fine of £300,000.”  It is hard for outsiders to assess LLP’s financial position because its accounts for the year ended 31 March 2020 are overdue but presumably it would be unable to pay the fine given the loss of its status as a member of the London Stock Exchange.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Photo Bearcast: Celebrating the Eden triumph but humiliated by Andrew Bell again

I start with logistical issues. Thanks to Andrew Bell and Red Rock Resources (RRR), I need to find another hat to eat on video. This may take a while but I am a man of my word. I discuss Red Rock and why Bell has let me down. I end with a picture of where I was at lunchtime with Joshua celebrating today’s personal triumph re Eden Research and KPMG. Then I look at Verditek (VDTK) where surely the FCA or the Oxymorons at AIM Regulation must act now. Today’s news begs more questions for the AIM Shit of the year 2012-20, Richard Gill, aka Gollum. Then onto Hurricane Energy (HUR), Wildcat Petroleum (WCAT) and Eight Capital Partners (ECP) part of the Supply@ME Capital (SYME) swamp.

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PREMIUM CONTENT

Supply@ME Capital Piss Poor results – Part II more grotesquely misleading information in the March 2020 Prospectus

If you were not convinced that Supply@ME Capital (SYME) was a con by my analysis of yesterday’s results HERE, how about a second dose? We already know that the March 2020 Prospectus for Supply contained materially inaccurate financial information in respect of the balance sheet because it stated that the unaudited proforma statements of net assets were £226 million which included £224 million of intangible assets.  In the interim accounts for the period ended 30 June 2020, shareholders discovered that there were only £1 million of net assets which included intangible assets of £1 million caused by an incorrect accounting treatment adopted in the Proforma Financial Information. But we now know it is even worse.

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Clown

Julie "lingerie on expenses" Meyer's star speaker - Mark Borkowski, a PR man for a crisis

Not distracted by the HMRC and IRS pursuing her for millions of bucks in unpaid taxes or by the criminal investigation into her activities at the FCA, Julie “lingerie on expenses” Meyer is holding another conference, this time in the Greek island of Mykonos on 4-5 October. Do not all rush to book. She has just unveiled a star speaker. According to an email Winnileaks has been sent from Ms Meyer…

Bear

Table of shorted AIM shares - at 25/06/2021

From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last month…

PREMIUM CONTENT

What odds the fraud Supply@ME Capital shares being suspended next Thursday – statement on missing results needed now?

For a death spiral to work, your shares need to be trading. If they are suspended, you cannot run a spiral. And without its recently arranged death spiral, Supply@ME Capital (SYME) and its soon to be bought sub scale loss-making fund manager Tradeflow go bust as they have no cash and are both burning cash. Hey ho. The shares could be suspended as soon as next Thursday morning. The reason?

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HUR
HUR
PREMIUM CONTENT

What soup will the Titanic serve tonight? Hurricane Energy publishes mammoth ESG Report

The question for the Titanic chefs is asked well after the iceberg has been hit. For Hurricane Energy (HUR) is also a busted flush, a sinking ship. Its assets are so poor that it will probably go bust at some stage whether or not it completes a debt for equity swap which will see shareholders lose 95% of the company. This company is, like the Titanic 109 years ago, holed beneath the waterline.  Against this backdrop it has today published a glossy 71 page Environmental Social and Governance report.

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PREMIUM CONTENT

Letter to the FCA regarding the latest monster lie from Supply@ME Capital

How do you know if the fraudsters at Supply@ME Capital (SYME) are lying in an RNS or financial report? Simple. If there is a “y” in the day, Supply is lying. It lied about its net assets in its RTO document, repeatedly lied about its sales pipeline, lied about its sales in 1 RNS and 2 interim reports and lied about so much else. And here is another lie exposed yesterday.  I have written to the FCA which has already suspended the shares once.

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Crime-Scene

The Appbox Media/ One True View £35m scam – time to act as more horrors emerge

The FCA is, almost two years after I first warned it, still doing nothing about the Appbox Media/One True View Boiler Room scam which has seen £35 million or more taken from private investors.  Now I have yet more evidence of what a monumental fraud this is. But with the FCA seemingly not giving a toss, investors appear to be taking matters into their own hands.

PREMIUM CONTENT

Best of the Best Director £60m share sales and a profits warning today – what great timing

In trading, timing is everything and the board of Best of the Best (BOTB) look like they are the kings of the timely trade. On 31 March 2021 the company announced a heavily oversubscribed secondary placing. The RNS on April Fool’s day stated

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What does “in the coming days” actually mean to the liars at Supply@ME Capital?

When you lie about your net assets, your revenues and your sales pipeline as the fraud Supply@ME Capital (SYME) has done on an industrial scale then almost anything you say must be viewed with extreme scepticism. And that brings us to the company’s oft delayed and still awaited results.

Clown

Another Letter to FCA re Verditek, Crowd for Angels and Richard “Gollum” Gill

With a hat tip to our star poster PL, I have, as an upstanding member of the financial community, had to write to the FCA for a second time about the near insolvent green outfit run by serial liars Verditek (VDTK) and the Crowd For Angels platform and its compliance officer, Richard Leonardo Gill, commonly known as Gollum.

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - more failures at the FCA and more bonuses plus Kefi & country risk

I start with a few thoughts on Kefi Gold & Copper (KEFI) in the wake of today’s scoop. Then it is onto more failings at the FCA and the scandal of its staff bonuses. Finally some thoughts on inflation which is now clearly starting to get a grip. Even so, I can’t stop myself holding a good bit of cash.  

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Boom
PREMIUM CONTENT

The High Street Group – administration postponed for now, FCA useless as ever

I first wrote about the High Street Group 426 days ago.  It was the sixth mini bond scheme I had written about.  Of the first five, four being London and Capital Finance, Blackmore Bond, Bassett & Gold and Buy 2 Let Cars and all in administration and in the case of London and Capital Finance and Buy 2 Let Cars, the Serious Fraud Office are investigating the Directors.  Wellesley Finance managed to pull off a Creditors Voluntary Arrangement and persuade investors to take a significant haircut in order to let the group restructure and avoid administration.

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Crime-Scene

Have you lost Money on the Appbox Media and One True View £35m cons - contacting the FCA as new facebook group goes live

The first time I contacted the FCA about these two boiler room scams was in November 2019. Natch the woke dullards were too busy jerking off on ESG porn to do anything and now about £35 million has been stolen. My coverage has been extensive as you can see HERE. But now it really is time that the FCA did something and put these frauds to the sword if only so that those who invested under EIS can get some of their cash back.

Boom
PREMIUM CONTENT

Explosive: 2018 Document from Neil Woodford which shows him admitting to screwing Old Mutual to meet redemptions

Thanks to Winnileaks I have obtained an explosive document prepared by Neil Woodford in January 2018  in which he answers questions put to him by Old Mutual for whom he – at the time – managed a value fund. I publish it in full and it is explosive in part because Woodford – for once – shows a degree of honesty in what he says. And that makes it all the more damning. If the FCA can be bothered to read this it explains in a nutshell why Neil Woodford should never again be allowed to manage other folk’s cash.

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Amigo is still bullshitting – fake threat of insolvency

Another day and another statement from the loan sharks at Amigo (AMGO), folks who – as a judge pointed out the other day – are A grade bullshitters in the league of Julie Meyer. Yet again, Amigo threatens folks, quite unnecessarily, with the spectre of insolvency. The company’s market update today is just plain disingenuous.

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RMS
RMS
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SHOCKING: Remote Monitored shows that on the AIM Sewer it's one free money rule for the spivs and another for the rest of us

I shall turn to the abject full-year results and trading update from Remote Monitored Systems (RMS) in due course. Suffice to say, what is unfolding is exactly what myself and Gary Newman have predicted so many times and the shares, though down sharply today, remain on the bargepole list. The real shocker is buried in the waffle and the cashflow statement.

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O! Mark Kavanagh you tight-fisted poltroon: do you work for free?

Mark Kavanagh, formerly “Head of Product Risk”  - no sniggering at the back – with the collapsed Greensill Capital, now under FCA investigation has sent us an email after I highlighted his new job at Supply@ME Capital (SYME). Mark is a tight-fisted poltroon and asks that we send him the article for free. Mark clearly thinks he should not pay £1.99 for a day pass. Mark: do you work for free or are you paid vast sums to control risk at lenders that collapse?

Boom

The latest news on the winding up of Ariadne and legal proceedings against Julie "Lingerie on Expenses" Meyer

As I revealed HERE with a letter from the FCA, it is still conducting a criminal investigation into whether Julie Meyer MBE illegally used client funds. My source who is assisting with that investigation tells me that it is still live although, for reasons you may speculate about a find upstanding Member of the British Empire is slowing things down by refusing to co-operate. But this is not the only enquiry into Lingerie on Expenses.

Woodford – Now he’s setting up in Caymen Islands and Delaware

We had the news that disgraced disabled-parking-space abuser Neil Woodford was setting up in Jersey earlier this year but that seems to have come to nothing (I can’t think why…..) Now, according to the Sunday Times, he plans to set up in the Caymen Islands and Delaware.

ARB
ARB
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EXPLOSIVE: Argo Blockchain – why did it hide bad news allowing director share dumping and £27m share placing?

Surely the FCA has to come down on Main Market listed Argo Blockchain (ARB) like a ton of bricks because it has today admitted that it suppressed and hid from investors bad news so that its shares could be pumped allowing directors to dump millions of pounds worth of stock and then, a few days later to do a £27 million placement. How can this not be a criminal breach of the rules by a £610 million capitalised company? Here is the shocking timeline.

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Clown
PREMIUM CONTENT

Letter to the FCA: URGENT Investigation into Crowd For Angels and Richard Leonardo Gill, AKA Gollum, required

Following revelations HERE and HERE, I have today written to the FCA urging it to launch an immediate investigation into crowdfunding platform Crowd for Angels and its compliance officer Mr Richard “Gollum” Gill to establish whether it is appropriate that either continues regulated activity. I believe neither do as the letter below explains.

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EXPOSE: Richard "Gollum" Gill & Crowd for Angels UK, the "saviours" of Verditek

It is with a heavy heart but, as an upstanding member of the community, it is my duty. I shall be reporting Crowd for Angels and its compliance officer, Mr Richard “Gollum” Gill, to the FCA later today arguing that they are potentially misleading investors in a material way with regard to the “underwritten” Green bond for AIM listed uber dog Verditek (VDTKwhich I covered yesterday.

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ZOE
ZOE

Why does the fraud Zoetic not sue Tom Winnifrith for libel? The morons get an answer!

This issue seems to be confusing some of the morons who own the humungously overvalued shares in the fraud Zoetic International (ZOE). And so I shall explain why. I shall make it simple as those who are confused are themselves simple and so there will not be too many long words. Before I start, I explain why Zoetic is a fraud.

PFG
PFG
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Crunch time for the sub-prime lenders - their shares best avoided until their schemes of arrangement are approved

A year or so ago I penned several pieces about the state of the sub-prime loan market in the UK and how I expected major changes to be on the horizon in terms of the way companies providing this type of lending were regulated, and also the potential for mis-selling claims against them.

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ITM
ITM

Table of shorted AIM shares - week to 21/05/2021

From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…

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Amigo shares slump as suspension lifted after volte face – what next?

This all looks a bit of a mess. Loan shark Amigo (AMGO) needs Court approval for a scheme whereby customers it screwed get only partial compensation. Those customers have been bullied into voting for it by directors making the threat that if the plan is not accepted the. Amigo will put itself into administration meaning shareholders and screwed customers get nothing. The FCA has objected as the directors are lying, there is a fairer way.

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Crime-Scene

BREAKING: Its official: Buy 2 Let Cars Limited – the £47 million Ponzi scheme operated by an FCA approved company

RSM has filed its joint administrators’ proposal dated 7 May 2021 at Companies House which effectively confirms that Buy 2 Let Cars Limited was a circa £50 million Ponzi scheme with new investors paying for existing investors’ interest and returns of capital.  This is revealed on page 14 of its report which discloses that: 

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