David Lenigas was unable to float his poxy related party spoof Lenigas Cuba on AIM or the Standard List as regulators objected to the way he awarded himself gazillions of founder shares at peanuts before raising money shortly after from mug punters at a vast premium. There was no justification for the uplift, it was just greed, and even the AIM sewer and the FCA regulated (no sniggering at the back) Standard List have some standards. Luckily, Aquis has no standards and so Lenigas Cuba listed there. Of course it ended in tears. But that established that Aquis has no qualms about quite appalling greed. Take NFT Investments.
If you are thinking in investing in Lenigas PLC, Big Dave’s soon-to-launch London listed mining investment company, before you open your cheque book, have a quick butchers at events yesterday in Canada. I do hope shareholders in Elixxer, formerly Lenigas Cuba, had vats of lube at the ready.
Earlier this week, I revealed the plans of Big Dave Lenigas to launch a gold company for London investors, Lenigas PLC. Lucky us. But hang on... just last year Big Dave told us that pot was the place to be. Perhaps you have not kept up to date with recent events in Canada? Yesterday, a small TSX-V listed cannabis investment company served up the notice below:
Perhaps you remember the farce that was Lenigas Cuba (LGC)? It was not an IPO that covered David Lenigas in glory. The merde seems to have continued....
At around 4pm our time, the Great Lenigas North American Promote, LGC Capital (formerly Knowlton Capital, formerly Leni Gas Cuba, formerly…) is due to go live with an investor presentation and live Q&A call-in to the management team. As far as I can see all the Cuban assets have been written off and, these days, LGC is a company investing in cannabis plays. Whatever floats your boat.
Yesterday I exposed how fantastist Chris Oil was buying bogus bot twitter followers on an industrial scale to make it look as if folks really cared about what he tweeted. He or someone close to him has responded in predictable fashion.
NEX-lobster pot listed Afriag (AFRI) slipped out a 4.45pm placing announcement last night – a no-one-is-watching o’clock special, raising enough to keep the lights on but not much more. But there seems to have been a spot of confusion over which company was issuing the RNS. Was it Afriag or fellow David Lenigas company Doriemus (DOR) – also of the NEX province?
Legalised cannabis is right up there with The Internet of Things and Blockchain Technology as "hot" stockmarket promotes right now. Anyone who wants to grab the interest of investors, especially Stateside, is getting into the pot game. Cometh the day, cometh the man... step forward Big Dave Lenigas.
It is just over a year since my pal David Lenigas, listed Leni Gas Cuba (LGC) on ISDX. It has subsequently undertaken a reverse takeoverof Knowlton Capital on 12 July 2016 to obtain a listing on the Toronto TSX Venture Exchange. Following the recent publication of its results, I decided to have a butchers. To be fair to Lenigas, he has made one cracking investment. But the overall picture is ...mixed.
It seems that Nilesh Jagatia, discredited director of Teathers Financial (TEA), has got recent form when it comes to failing to submit accounts by the statutory deadline. Mr Jagatia is finance directors of a number of Plcs, including one of my old favourites, the piece of Turkish that is Inspirit Energy (INSP). Just like Teathers, in December last year Inspirit received a First Gazette to strike the company off the register of companies for failing to provide its accounts on time. What is it that Mr Jagatia doesn’t understand about the legal requirements concerning his job?
Friday was eventful day for Leni Gas Cuba (CUBA) with unaudited interim results for the six months ended 31 March 2016 being announced along with the Posting of Scheme Circular in connection with potential Takeover by Canadian listed Knowlton Capital Inc. The proposed Merger values each Cuba share at 6.25 pence per share as stated below - for those who will believe any old shit:
Today's story by Cynical Bear regarding Leni Gas Cuba's move to the TSX Venture Exchange from the ISDX brings back some old memories. The TSX Venture Exchange is the successor to the wild west run Vancouver Stock Exchange, which Forbes magazine called "The Scam Capital of the World."
On Friday - ahead of the bank holiday weekend - at no-one-is-watching o’clock (natch) ISDX-listed Leni Gas Cuba (CUBA) updated twice on its proposed take-over by Canadian TSX-V listed Knowlton Capital Inc. There is much to mull over there, but we have also recently had interim numbers from Knowlton and the implications for those caught in the lobster-pot of CUBA are horrific – anyone who handed over more than the 0.01p that David Lenigas paid for the bulk of his shares, that is.
I am meant to be on a summer truce with David Lenigas so I shall interpret today's RNS from Lenigas Cuba (CUBA) as poor David being hoodwinked by the company he is meant to have done a JV with. That company is Commercial Funded Solar Ltd.
David Lenigas on Friday made the following exciting announcement regarding the disastrous ISDX IPO that is Lenigas Cuba (CUBA). He boasts of an RTO but it is all utter bollocks. Jabba announced:
Earlier today fat Aussie share ramper Big Dave Lenigas was pleased to publish news of his latest Lenigas Cuba (CUBA) business venture with Rushmans.
There are no photos yet of Chris Oil's imaginary sports cars in Dubai. But his claim to have been the U-18 school boxing champion now looks all the more impressive given how so many of his pals from school are now in the SAS. If ISIS are not backing down when we send in the school boxing also rans into Syria perhaps it is time that Rambo Oil went on a special mission? The Islamofascists would surely shit themselves if they knew that the hardest bloke from the top school for SAS recruiting, Mr Chris Oil, was on his way.
As if poor shareholders in Lenigas Cuba (CUBA) did not have enough reasons to be miserable now they must cope with news that Richard "Gollum" Gill has published a buy note on the stock.
David Lenigas would like to let shareholders who have lost a fortune in LGO Energy, Inspirit, Afriag, Lenigas Cuba, Polemos, Doriemus, etc, etc that he shares their pain as we can show in the photo below.
LeniGas Cuba (CUBA) fans will remember that they purchased a 15.8% interest in MEO Australia on 29 February as described below in its announcement. They will remember how Jabba The Hutt ramped this news via twitter to the morons who follow him and trust him with their hard earned cash. Hmmmmm.
Jeepers this is a first. Whatever next, fascist PR bullies Citigate Dewe Rogerson apologising? Chris Oil fessing up to his porkies? David Lenigas has today tweeted out an admission that he has been lying to his moronic, and increasingly impoverished, followers.
Today Lenigas Cuba (CUBA) purchased a further interest in MEO Australia as set out below - needless to say this is another Jabba The Hutt deal where the numbers only make sense if you use Leni-maths.
Throughout the last few months of last year David Lenigas tweeted again and again how an ISDX listing was the answer to all the liquidity nightmares at the bottom end of AIM. Big Dave misled his folowers for reasons I shall explain below but the proof of that lie came on what for me was a good Friday with Afriag. For Jabba The Hutt with yet another lie laid bar this is a disaster.
Another day and another dismal attempt by David Lenigas to ramp shares in ailing Lenigas Cuba (CUBA) on the ISDX lobster pot. Hmmm. Lenigas tells us that ISDX - not AIM - is where the liquidity is so how come not one fucking share has traded in this company since 18 February with not one share traded after this latest ramp and with the shares (listed at 5p) stuck at 0.5p to sell just 3 months later? Answer please Mr Lenigas? And so to today's ramptastic bollocks from Jabba The Hutt.
Shameless liar, share ramper and owner of a 100 foot yacht in the Monaco tax haven where he lives, David Lenigas has persistently spun the canard that ISDX is a more liquid market than AIM. We all know this is a lie. Investors in Lenigas Cuba know this is a lie. And tomorrow when Afriag (AFRI) leaves the AIM Casino and trades only on ISDX, its victims ( oops I meant shareholders) will discover that Lenigas is lying. Folks - you have just a few hours to sell - look at the spread!
David Lenigas tries his best to ramp the crock of shit that is Lenigas Cuba (CUBA) but its shares are now just 0.5p to sell (in small amounts), that is 90% down in just over 3 months. The excuses Jabba The Hutt is offering on twitter are lamentable as you can see below. And there are also the half-truths.
The man with the reverse Midas touch, the market abusing criminal Chris Oil has tweeted that he has sold all his oil shares. Naturally that is a lie since one suspects his 13% of now delisted Sefton (SER) is hard to shift as is the £250,000 he spunked into Lenigas Cuba (CUBA). But the tweets (below) are clear.
Hat Tip to reader "Inspector" for this point on the car crash IPO of the year 2015 Lenigas Cuba (CUBA) and its latest (failed) attempt to ramp the share price. On 9th February, Jabba The Hutt published the following update on his company's investment in Petro Australis:
When announcing that it was to quit AIM and go to the ISDX lobster pot David Lenigas creation Afriag (AFRI) served up all sorts of horseshit to justify the move (see HERE). But it was horeshit (should that be horseshit or is horeshit more appropriate?) and the real reason is...
Yes one of the three is Brokerman Dan. Some of you may not feel the greatest of sympathy for him but when he and others ponied up a total of £4.2 million at 2p for what they were told was "seed financing" for Lenigas Cuba (CUBA) they were not told that at the same time David Lenigas and two pals were getting more than 50% of the equity in this POS at just 0.01p. That funding was the seed capital and Levi and others were fleeced.
Saint David Lenigas of Cuba has just tweeted out the following graphic explaining the moral case for Lenigas Cuba. It is almost complete, only missing out Luke 6.20:
"David Lenigas, Yusuf Kajee, Paul de Robillard, Spin Doctor David Bick, Nomad Cairn Financial we have beaten them all, we have beaten them all! Jabba The Hutt, can you hear me? Jabba The Hutt... your Afriag boys took a hell of a beating! Your boys took a hell of a beating!" Yes, Afriag PLC (AFRI) has just announced that it is leaving the AIM Casino and will now only be listed on the ISDX lobster pot and its shares are collapsing. It's ouzo O'Clock for the Sheriff of AIM once again as more bad guys are driven out of town.
It’s yet more bad news for holders of MX Oil (MXO), the BMD information feelers are currently monitoring this company as well as ALL the companies that Cornhill Capital is involved with. Of particular note is the disastrous Lenigas Cuba (CUBA) fuckup, which is shortly to hit the High Courts in Manchester, as well as the Financial Ombudsman, more on that later. I have two solicitors currently working on a return of my capital. It may develop into a full blown ShareHolder Action Group. But at this stage I am personally at war with this lot.
Today's ramp de jour is Marechale (MAC) which I debunk completely. The same rampers were active in Peer TV (PTV) - see earlier - and Glenwick (GWIK). They are scumbags. I laugh at Lenigas Cuba (CUB) have you seen the latest trade? Then it is onto Environmental Recyclying (ENRT), Octagonal (OCT), LGO Energy (TOAST), Greatland Gold (GGP), STM Group (STM), Phorm (PHRM), Quantum Pharma (QP.), XCite Energy (XEL) and Bahamas Petroleum (BPC), both in my 11 oil stocks to go bust list.
The man who claims to make 1000% per trade and to be Britain's Buffett seems to be off his winning streak. By my sums, NOT the sage of Malvern has clocked up a paper loss of more than a million quid since July. Good going pal. And by the way how is your call to boycott UK Investor going you little twerp? As badly as your investments methinks.
We have featured a range of total wrong'uns on these pages during 2015 but who do you think was the biggest stockmarket villain of the year? Rob Terry for the Quindell fraud but also for his Knob Park antics at Imaginatik and Daniel Cesspit or was he the 2014 villain? David Lenigas for the fiasco at Lenigas Cuba and the disgraceful antics of Afriag as well as the Horse Hill fiasco? Peter Landau for finally getting his comeuppance? Criminal and liar Chris Oil who surely gets his collar felt in 2016? Naibu's Houyan Lin? What about Costis from Globo? The AIM Casino short list is in fact a depressingly long list but you can vote from the dirty dozen I have shortlisted below. Deadline midnight 3rd January
It was the night before Christmas and young Christopher Oil stood staring out of the window at the Bed & Breakfast he liked to refer to as the castle. Outside, the snow was beginning to fall heavily and this filled Christopher with great joy. He turned round to look at an elderly lady sitting by the fire reading a bunch of papers marked "pension statement" and, barely able to contain his excitement, blurted out "Mummy, if it carries on snowing, will you let me make a snowman in the morning with my bestest friend Daniel?"
What is it with Jabba The Hutt and rule breaking? The poor man seems addicted to it. His latest offence concerns the ISDX Lobster pot car crash of an IPO Lenigas Cuba (CUBA) where he has clearly broken ISDX Rule 32 (disclosure of price senistive information).
Jabba The Hutt is no longer on the board but he ramps shares in Octagonal (OCT) on twitter and his pal from Inspirit (INSP), John Gunn, runs the show. Piss poor interims were out yesterday but being Jabba related they contained a clear breach of AIM Rules - just what was it trying to hide?
Now let's turn to Evocutis (EVO), another Jabba The Hutt overpromoted piece of AIM detritus and the issue of transparency. Evocutis initially had 174,675,828 shares in issue. David Lenigas and the team descended and issued 175,000,000 new shares at 0.0012p raising £210,000 (shares admitted 8 Sept 2014), doubling the shares in issue.
The supporters of the trainwreck IPO that is Lenigas Cuba (CUBA) argue that by clever acqusitions Jabba The Hutt will increase the NAV. Net assets currently stand at c 0.65p per share IF one assumes that £1 spent on acqusitions is worth £1. I would argue that it is not and shall demonstrate why below.
Not only was it announced ia RNS but also via the official Jabba News Service that is twitter, Mr The Hutt yesterday bought 1 million shares in Lenigas Cuba (CUBA) which he proclaimed to be a sign of his faith in the company. This man talks crap.
In this presentation from Gold & Bears I posed 12 questions that Jabba the Hutt will not answer. I then ran through the Lenigas portfolio explaining why you should sell shares in each of: LGO Energy (LGO), Rare Earth Minerals (REM), UK Oil & Gas (UKOG), Inspirit (INSP), Lenigas Cuba (CUBA), Evocutis (EVO), Solo Oil (SOLO) and AfriAg (AFRI). Enjoy...
Modesty is not normally a word one associates with Jabba The Hutt. Words like ramper, promoter, exaggerating, bullshit, overpaid, greedy are ones that spring to mind. And modesty is something that is not evident at all as Big Dave Lenigas turns his hand to blogging.
Jabba The Hutt likes to get shares at 0.01p in companies he is involved in. So what if other folks have to pay far more at the same time, David Lenigas sees it as a reward for enterprise. We have already seen scandals on this front at Lenigas Cuba (HERE) and AfriAg (HERE) but the Big Daddy is Rare Earth Minerals (REM) as I shall now explain.
I have already demonstrated that the “investments” made by AIM listed Octagonal (OCT) – director Da vid Lenigas – are not worth anything like their stated value and that balance sheet support is illusory. But at least there was some cash. Or there was.
Yesterday I flagged up the mysterious case of Leni Gas & Oil Ltd owned by Mr. David Lenigas (pictured left) Now I turn to the strange affair of the two Lenigas Cuba companies. Curiouser and curiouser said Alice. Jabba the Hut – who had eaten the Cheshire cat – just smiled and belched.
In today's podcast I deal with reader complaints that we have not given enough coverage to the various business interests of fat Aussie share ramper Jabba The Hutt. And so I cover Lenigas Cuba (CUBA), Big Jabba's preposterous claims about liquidity on ISDX and Solo Oil (SOLO) - placing ahoy! I also look at Mosman Oil & Gas (MSMN) - more shite from poltroons from the land where most folk are descended from convicts - Flying Brands (FBDU), 88 Energy (88), Kea Petroleum (TOAST), JQW (FRAUD), Northern Petroleum (NOP), Optibiotix (OPTI) and African Potash (AFPO). I also deal with some wanker on twitter who thinks I am a sexist and wants to have a fight with me and ask more questions about market abuser Chris Oil AIM IPO car crash waiting to happen, Mkango Resources
It seems that this morning market abuser Chris Oil has taken a helicopter to “special meetings in the City” because “all trains [were] cancelled from the countryside”. Unfortunately for dear old Chris it appears that his due diligence has let him down once again. Having burned his (and everyone else’s) money in Sefton Resources (SER), locked himself into the doomed Lenigas Cuba (CUBA) IPO, cursed MX Oil (MXO) and now given the final kiss of death to Mkango Resouces, one would have thought Oily Chris might have learned the odd lesson along the way. Like checking the Internet…
Market abuser Chris Oil seems attracted to lobster pot stockmarket disasters in the way that I am drawn to Cheryl Cole. It is fascinating to watch car crash after car crash for the little twerp. Following on from Sefton (upping his stake to 13%) just before delisting, Lenigas Cuba (CUBA) – nuff said – now we have Mkango Resources. This train wreck hits AIM on December 2nd.
I am in Shipston with my father who has just won a premium bond. I discuss this ahead of spending it in the White Bear. Also how I deal with charities who call him. Then it is onto David Lenigas at the start with Lenigas Cuba (CUBA) and at the end with Rare Earth Minerals (REM). In between I look at Velox3 (VLOX), Juridica (JIL), Oilex (OEX), Phorm (PHRM), JQW (FRAUD), my anger at Reach4Entertainment (R4E), Paragon Diamonds (PRG) and I give Northern Petroleum (NOP) a well deserved kicking. Warning - this podcast contains strong language which some may find offensive. C'est la vie.
It seems to be open season on David "Green Hair Services" Lenigas (pictured left). Today top broker Andrew Monk of VSA Resources who is a mega bull of lithium has taken Rare Earth Minerals (REM) and Bacanora Minerals (BCN) off his buy list just because of the Lenigas factor. And he has also stuck the knife into jabba the hutt, notably on UK Oil & Gas (UKOG). Mr Monk writes:
I have already demonstrated that the two “acquisitions” made by Lenigas Cuba (CUBA) post its car crash IPO on the ISDX lobster pot were er…not quite as fantastic as the PR puffery from fat aussie share ramper David Lenigas. Now let’s turn our attention to his partnership with Rushmans which was announced pre IPO. Hmmmmm.
Updated - I have re-read the prospectus - the Travelwelcome stake cost $60,000 - see why that is very embarrassing for David Lenigas indeed. To great fanfare the car crash IPO that is Lenigas Cuba (CUBA) announced back in September that it was getting into travel. But as ever with the great Aussie share ramper David Lenigas this deal is not quite it might appear.
Those mug punters who backed the 2p £1.7 million placing by David Lenigas AIM POS Octagonal (OCT) in June as it snapped up GIS, a firm owned by Big Dave’s pal John Gunn, have done better than most folks backing the fat Aussie share ramper. The shares are now 0.85p to sell, so in five months they have only lost 57.5%. Compared to other Lenigas car crashes that is not too bad. Now let’s start a series looking at what they actually bought.
Yesterday we revealed how the latest acquisition announced by Lenigas Cuba (CUBA) was a joke. Big Dave reckons the company has been trading for 12 years but in fact it has been dormant for 11 years and has zero cash. The canard is exposed HERE. But, happily, for me, it gets even worse.
Quindell (QPP) later. For now, in today's podcast I look at Goals Soccer Centres (GOAL), Red24 (REDT), JQW (FRAUD), Kenmare (KMR), Sareum (SAR), Falanx (FLX), LGO Energy (CRAPCO) and Lenigas Cuba (JOKECO)
One good turn deserves another and following Big Dave’s black tie event on Friday (see here) we hear that down at the scrubs they are planning a charity event on B Wing for David “I drown my enemies in confetti” Lenigas. Noting that Lenigas Cuba might soon have to return most of its cash to mug punters and that LGO looks set to go tits up, a committee has been established to bail out Big Dave. Details are sketchy but inmates are awaiting the imminent arrival of Mr Rob Terry of the notorious Fareham Five gang”
Oh dear, as if life were not bad enough for Big Dave Lenigas after LGO Energy’s appearance on the front page of the Sunday Sun today, now comes news that shareholders in ISDX train wreck IPO Lenigas Cuba (CUBA) want their dosh back.
Here is an interesting twist on the week. The number one article of the week was the poll on whether ShareProphets, a data driven site of investigative corporate muckraking should continue running the articles of technical analyst Zak Mir. Yet, the highest ranked non-Tom Winnifrith article this week was written by none other than the UK's best-known technical analyst, Zak Mir. (At #21, Zak Mir's Bulletin Board Heroes: Armadale Capital, Atlas Development, Camco Clean Energy, MySquar, Northcote Energy, Sareum)
This podcast ends with me thanking many readers for making me laugh. Before that I look at Lenigas Cuba (CUBA) and suggest that all 2p investors contact the Financial Ombudsman now. Then I discuss the - unfashionable - idea of taking responsibility for our own actions. Then I cover the fraud Globo (GBO) before looking at LGO Energy (LGO) and Inspirit (INSP) where placings loom very soon indeed. Then I cover World Careers Network (WOR), Standard Chartered (STAN), PeerTV (PTV) and Getech (GTC).
The shares of Lenigas Cuba (CUBA) are taking another beating on ISDX today as folks desperately rush for the exit. But it’s hard to get out of a lobster pot so hey presto, Big David Lenigas rustles up a good news press release. But the problem is that the RNS is pure bollocks and everyone knows it. These days if Dave says 2+2 = 4 most folks would find themselves calling for Rob Terry to check Dave’s maths before believing the fat Aussie share ramper.
Thanks to reader BobbyChariot who has captured proof that David Lenigas is rushing from Cuba following the disastrous Lenigas Cuba (CUBA) IPO to Trinidad to check out the LGO Energy (LGO) train wreck. Its not a good day for either company but Big Dave is on the case , working hard for shareholders. Feel free to supply a suitable caption in the comments section below
If those foolish enough to have invested in Lenigas Cuba at 2p back in July are wondering how they might get their cash back I suggest they start doing a date check or two for I have a shocking revelation.
Welcome to the lobster pot that is ISDX. The screen shot below taken at close of play yesterday tells it all abut the car crash that is the Lenigas Cuba (CUBA) IPO.
Should one feel sorry for shareholders in Lenigas Cuba(CUBA). Explicitly No! I explain why. Where does this shambles leave David Lenigas? In a bad spot I suggest for Afriag (AFRI), Inspirit (INSP) and LGO Energy (LGO) all of which need to raise cash. I also cover Cambian (CMBN), Caza (CAZA), Stellar Diamonds (STEL), Gfinity (GFIN), Atalaya (ATYM)- formerly EMED - and Fitbug (FITB)
Over the weekend there was a concerted effort across social media to con private investors into believing that there was a stock shortage for this morning’s Lenigas Cuba (CUBA) IPO. This morning I’ve triple confirmed from various City sources that these rumours are false. There is no shortage in Lenigas Cuba stock for sale, as evidenced by the company’s disastrous market debut. If you want to fight the tidal wave of sellers you can fill your boots with Lenigas Cuba stock. The stock flippers are having a very bad day in the market, despite their best efforts to manipulate it.
Following on from his disasters at Sefton Resources (SER) – suspended – MX Oil (MXO) – halved mummy’s cash and Lenigas Cuba (CUBA) another 50% hit, what other shares have the kiss of death blessing of market abuser Chris Oil, the man who says he is Britain’s Buffett. I bring you a video of him being interviewed by a hapless Sith Lord, Zak Mir. Sometimes the Sith Lord makes even Justin the Clown over at ADVFN seem probing.
Following possibly the least successful IPO of the year which has seen punters minus 80% to sell on day one, I'd like to dedicate this song to market abuser Chris Oil who has some explaining to do to mummy and to fat Aussie share ramper David Lenigas. Appropriately it is by The Primitives, aka those dumb enough to invest in this POS.
I hope you had your beer and popcorn ready for the IPO of Lenigas Cuba (CUBA) at 5p because the spread on the shares right now is 1p-1.75p and it gets worse. The “size” is 25,000 to 50,000 which means that you can sell in parcels with a maximum value of £500. If you invested £500,000 at 2p like market abuser Chris Oil did back in July its going to take a long time and a lot of phone calls to get, some of, mummy’s money back.
In this podcast I look at Roger Lawson of ShareSoc and his latest ludicrous statements on Globo (GBO). Does he not realise it is game over. Bust. A fraud. A dead parrot.,Yet he still snipes athe bears and makes suggestions for the way forward. Then it is over to ISDX and its supporters - the young and naive - flip flop Turney and those with other motives, David Lenigas. I write in light of the humiliating failure of the Lenigas Cuba fundraise - see HERE
Back in July as David Lenigas raised £4.2 million at 2p for Lenigas Cuba, mug punters like market abuser Chris Oil were told a Standard Listing within 4-6 weeks would raise £5-10 million at 5p. Oh dear, it seems that 13 weeks later the ISDX IPO tomorrow will have seen just £200,000 raised at 5p. Big Dave has bombed! Now wait for the car crash as the maths are dire.
Lenigas Cuba lists on ISDX on Monday and this is going to be beer and popcorn time as the flippers head for the exit. And so ahead of this car crash we ask you what will he closing bid price be on Monday. But there is a tie breaker as well.
Market abuser Chris Oil is a big investor in Lenigas Cuba whose IPO will be a car crash on Monday. Thus he and David Lenigas are best buddies these days. Their twitter exchanges last week are disgusting as they celebrate closing down their critics. Prepare to be made nauseous by these ghastly individuals.
The Lenigas Cuba IPO is going to be a car crash on Monday. We know that a number of the 2p flippers want out on day one and it will be beer and popcorn time as they struggle to sell on the illiquid ISDX tertiary market. But fat Aussie Share Ramper David "I just love the smell of newly issued confetti in the morning" Lenigas is going down fighting and has upped the twitter abuse after I flagged up this looming disaster HERE. Big Dave tweets:
Monday sees the IPO of Lenigas Cuba (CUBA) on the tertiary ISDX platform and there is clear evidence that the flippers are panicking and that this new issue will leave blood on Confetti Street next week.
It was a photo finish between the Globo (GBO) bear report and Tom's victory at the High Court for most-read story this week, but, ultimately, the Greeks win out. Possibly not so much for their shareholders.
Thanks for all your messages regarding the legal triumph, I comment en passant. Then the podcast turns to the nonsense that flip flop Ben Turney is spouting. I am beginning to think that Old Malcolm Stacey is not the only mad lefty on this website. Then onto Globo (GBO) and more news on "that report" and analysis of the potential for disaster at Cambian (CMBN) even AFTER today's dire warning. There is comment on what is happening at SIG (SHI) and Travis Perkins (TPK) and then onto events at Afriag (AFRI - when's the placing - and growing evidence that the Lenigas Cuba IPO is not exactly flying. Oh... and Northbridge (NBI) when's the profits warning?
Circumstances change, share prices change and so ones evaluation of what is in sight as a good short always changes. Challenged by a reader I serve up my ten top shorts/sells for Christmas, with one caveat.
Teathers Financial (TEA) has announced it has made a £100,000 investment at 2p per share in Leni Gas Cuba Ltd. Hmmm…
On Friday Lenigas Cuba released its pathfinder document, prior to its forthcoming IPO - Tom has already savaged it HERE, but it is in fact worse than even he explained. Unlike previous Lenigas debuts, this one has a number of significant cautionary indicators that all might not be well. At 5p most of Lenigas’ adoring legion of fans will ask what can go wrong? The answer is possibly quite a lot, not least because so many of them have already bought in at 2p. We will soon see whether or not the market has exhausted itself of greater fools, but those that ignore the early warning signs could find themselves caught up in a fierce stock market hurricane from 02 November.
We will ignore the preposterous Lenigas Cuba as we already know that it is trying to rope in suckers to pay 5p – a mere 25,000 % premium to what Big Dave paid for his own shares just three months ago. But which of the other companies associated with the fat Aussie share ramper will be next to place?
I wonder how long it will be before that annual ritual occurs when the Daily Mail discovers a CofE vicar who has foolishly told the kiddies that Santa does not exist. The poor chap gets pilloried for a week or so before even the Mail accepts that he cannot be burned at the stake for telling the truth. I have felt a bit like the poor Rev when pointing out that whatever Steve Sanderson of UK Oil & Gas (UKOG) says on camera – and then denies he ever said – there is NOT 100 billion barrels of oil at Horse Hill. Maybe the tide is now turning.
Yesterday I raised a number of red flags about the proposed listing of Lenigas Cuba on the joke ISDX market. Not least is the sheer greed of Big Dave Lenigas himself – this is the unacceptable face of capitalism.
You cannot say I did not warn you about LGO Energy (LGO). After today's news I ask if it could go to zero? The answer is yes and the shares are a stonking sell still. But the wider David Lenigas brand is also badly tarnished. I will have another dynamite revelation on Lenigas Cuba (CUBA) shortly, Afriag (AFRI) needs a placing big time and the Horse Hill hype is being shown to be just that so UK Oil & Gas (UKOG) has real issues. It is not a happy Monday for Big Dave.
The rugby as left me in a bad mood and it is David Lenigas who take the consequent hit. I start with a reposte to a very silly smear posted on ShareProphets HERE. Then it is onto Lenigas Cuba (CUBA) which is listing on the mickey mouse ISDX market. that is not what was promised and it is raising less than was promised at 5p. Do you know what price Big Dave paid for 28% of the company? That's a scandal. the valuation is a joke and the shares are straight onto the bargepole list.
First it was going to list on AIM. Then on 22nd July punters were told Lenigas Cuba (CUBA) would list on the LSE Standard list in “about 3-4 weeks if all goes smooth” as it raised money at 2p. It has not gone smoothly as a letter - obtained by me - from David Lenigas concedes. But Big Dave has a Plan B.
Sorry for the delay, blame lunch with Lucian. In this podcast I discuss questions about Lenigas Cuba (CUBA) and read out a confidential email. Then there is the incompetency of the dicksplash lawyers seeking to injunct me, the new idiocy of some UK Oil & Gas (UKOG) shareholders and then onto Sula Iron (SULA), Sefton (SER), the movng to ISDX business, Eden Research (EDEN), Environmental Recycling (ENRT), African Potash (AFPO), Alba Minerals (ALBA) - placing ahoy - and Cloudbuy (CBUY), ditto.
The flotation of the latest vehicle of Big Dave Lenigas, Lenigas Cuba (CUBA) is on course says a source close to the company and its listing could be achieved as soon as October, and will certainly occur by late November.
What has happened to the IPO of Lenigas Cuba? Only asking. Meanwhile I wonder what percentage of the 100 oil companies on the AIM casino will still be on the casino and engaged in oil by April 1 2016? I suggest three routes by which they will exit stage left and hazard a guess. I reckon it will be 82 left. And I discuss denial in oil versus mining and why I am almost tempted by mining stocks again.
A few comments on "that article" and why I nearly quit this website today. But lets talk companies and markets. Specifically today's statement from LGO Energy (LGO) which I contrasts with that of January 6 2015 and ask questions of the company and of David Lenigas. Asa long time bear,I regard LGO as a slam dunk sell and am not tempted by Lenigas Cuba either. Then onto China and AIM, following a call from an AIM Chairman yesterday urging me to stop beng so nasty about the Casino in case it gets closed down. Yes...bring it on!
Following our revelations about fake twitter followers at Lenigas Cuba last week, I now appear to have a mass of fake followers too @tomwinnifrith. Someone – as part of a smear I suspect – gifted me 5,400 new utterly bogus followers overnight.
Not a lot can now get me to take out time from my sabbatical. After a couple of days with my father this week I have been inspired to write the first (short) chapter of the novel which is now with my friend Gary for review. However, David “when I said 3g seismic I meant 2g” Lenigas tweeting that I am a liar and should “get a life” drives me to respond.
After Tom’s revelation yesterday about LeniGas Cuba’s… how to put this… “mysterious” leap in popularity on Twitter, we’ve been wondering at ShareProphets who else out there likes to pretend they are more popular than they actually are? As it turns out, this is a fun game and here’s how you can play along too.
And we are off again with the next Big Dave Lenigas fund raise. This time it is Lenigas Cuba where books will close on Friday on a pre IPO funding raising £3 million (or a bit more) at 2p. Heck I know I’m on sabbatical but I thought I’d share this scoop with you.
I’ ve got 3,000 twitter followers. Well I’ve got 4,000. But my dick is 12 inches long. So what mine is 13 inches long. This is all very silly. Anyone can amass twitter followers very quickly buy simply buying them. Sadly, while they may think that this shows they are very important, it can be easily audited and so when this happens it just shows the purchaser up as a bit of a buffoon. Tweeting out to thousands of ‘bots does not mean anyone really wants to listen to you. And that brings us to David Lenigas.
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