The maths on this share tip from disgraced Mike Walters of the frauds Minmet, Polly Peck, 3DM, and the list goes on and on, infamy are clear. Verditek (VDTK) is – as of today running on vapours and unless it can get a bucket shop – deeply discounted – placing away, the shares should be suspended pending clarification. To recap for chairman, Tory Toff, Lord Willetts.
You have to look long and hard to find the “material uncertainty” warning and most of the morons suckered into this stock by disgraced share Tipster Mike Walters of 3DM, Polly Peck, Minmet, etc, etc infamy and by the lies and bogus contracts announced by the company are too damn stupid to look. If the do the warning is utterly misleading. Verditek (VDTK) faces another imminent cash crisis and could go bust before the start of August.
Anyone who thinks that Rod McIllree is fit to run a public lavatory let alone a public company should look at the busted flush that is BlueJay Mining (JAY). Okay Rod scuttled away a while back but like a bad fart which lingers, the legacy of an incompetent promoter also lingers. For once, Doc Holliday is right, McIllree needs purging from the PLC scene. Today Bluejay has announced a bailout £1.3 million placing at 1.75p.
Oh dear, oh dear as my old pal the disgraced tipster Mike Walters used to say when one of his shite tips went tits up. Cash guzzling almost bust Tern (TERN) is the sort of rubbish Old Mother Walters would have tipped in the Mail in his heyday as he promoted frauds like Minmet, Polly Peck, 3DM, Pursuit Dynamics, etc etc. Today there is more bad news ahead of next week when there will be even more bad news
"Oh dear, oh dear," as my old friend Old Mother Mike Walters would have said as he apologised for yet another duff loss making, cash guzzling share tip ‘fessing up to bad news. I am surprised Mike has not tipped Aquis listed Valereum Blockchain (VLRM) it is right up his street. Shares in this company were peak ramp 64p, thanks to the efforts of Zak Mir and David Lenigas. They are now 5.5p as yet more confetti is issued. And the worst is yet to come….
Over the the past decade Nigel Somerville and I have warned folks about this dog with fleas, almost as many times as I have had inappropriate thoughts about Cheryl Cole. With the shares in the minus 99% club, I guess we are already vindicated but today comes yet more bad news for Advanced Oncotherapy (AVO). As Old Mother Mike Walters, who is the sort of man who would have tipped this cash guzzling POS which has deceived its investors on a serial basis, would have said as he apologised for another duff share tip: “Oh dear, Oh dear” We start with the dreaded words “strategic review.”
“Oh dear, oh dear” the catchphrase of Old Mother Michael Walters as he apologised for a warning from yet another of his duff share tips. And a cash burning POS like Omega Diagnostics (ODX) is just the sort of POS company that he would have tipped. Today it warned just how bad its results for the year end March 31st would be. Luckily it talks of lots of jam arriving soon. Plus ca change.
Oh dear, oh dear, as the disgraced share tipster "old mother" Mike Walters used to say when one of his many disastrous share tips collapsed. Versarien (VRS) is just the sort of blue sky company churning out lies and issuing new shares whenever it could that would have attracted Walters, like shit attracts flies. That even Walters did not tip Versarien tells you something. Today we have an AGM in Cheltenham and the statement from chair Diane Savory has just been released. It is dire. Everything is for sale, it is cash crisis ahoy!
It was only just over two years ago that shares in the fraud Verditek (VDTK) reached 18p at peak Mike Walters ramp. But, like so many stocks promoted by old mother Walters, Verditek was a fraud and now the shares are just 0.6p. This website has exposed the way Verditek has made announcements about big new contracts on a serial basis since 2017, ramped the shares, got a placing away only to ‘fess that the contract was bogus. The problem with frauds, as Mrs Thatcher might have said, is that eventually they run out of other people’s money. That point will arrive within months.
For 17 years I have been pointing out the lies and frauds committed by Eden Research (EDEN). I could paper my bedroom with the lawyers letters it and its partner in crime 3DM (now in administration, having blown £65 million of other folks cash, sent me). I could paper another few rooms with the online harassment I received from the 3Dimmers, whipped up by shamed promoters Old Mother Mike Walters and Johnny “the Rat” Townsend. Here we are and I am still on the case although how the regulators have allowed this farce to continue for so long really does cause me to despair. Retained losses now stand at £40 million!
It is only two weeks since Crowd For Angels, the world’s worst crowdfunding firm, closed its failed attempt to raise £500,000 for the serial liars at Verditek (VDTK) and now we get interims which tell you that, by Christmas, those fools lured by Richard “Gollum” Gill’s grotesquely misleading financial promotions into backing the bond will be at risk. These numbers are a disaster for the company led by Tory toff Lord Willetts. Insolvency beckons.
Verditek (VDTK) is a company that I have exposed as a serial liar and warned about many times before and my bearishness has been vindicated. Last August, at peak ramp, the shares stood at 18p. Egged on by disgraced share tipster Mike Walters, some folks paid almost 20p a pop. Today the spread is 3.7p-3.9p but even that values this business at £12.8 million which is insane as fair value is clearly zero. The valuation tells you everything you need to know about the insane market in which we operate.
Oh dear, oh dear, oh dear. That used to be the catchphrase of disgraced penny share tipster Mike Walters of Minmet, 3DM, Polly Peck, Pursuit Dynamics, etc, etc infamy. I wonder if he will be using it today as the Verditek (VDTK) dog he has promoted so aggressively has coughed up to another lack of sales warning. It means that a bailout discount placing is inevitable within the next couple of months but natch the company, chaired by Tory Toff Lord Willetts, polishes the turd.
Twice in the past week, most stridently yesterday afternoon HERE, I have made it clear that Verditek (VDTK), the serial AIM sewer deceiver ramped by shamed tipster “old mother” Walters and chaired by Tory toff Lord Willetts, needed to come clean on yet another pre-placing deceit and its lack of revenues. I guess the Oxymorons at AIM Regulation were listening as this morning the company fessed up. It’s ouzo time for me!
I am told that you can get borrow in Verditek (VDTK) and that the stock is now shortable. For the avoidance of doubt I am not short, I never am since it would allow folks who own shares in frauds, engage in frauds or promote or enable them to accuse me as having a vested interest and thus compromise my status as an investigative journalist. But if you are into shorting here’s why this company is now at the slow death or quick death point…
The criminal way that taxpayer cash is handed out by Innovate UK to companies that are either undeserving or can raise cash from share issuances in the private sector will, in the end, turn out to be a scandal running into the hundreds of millions of pounds. Yesterday I exposed the £4.6 million, wholly unjustified, spunk on Haydale Graphene and today I flag up £117,377 dished out to a total fraud, Environmental Recycling Technologies then listed on AIM.
Welcome Lord David Willetts to the world of turd polishing on the AIM casino and your first interim results at Verditek (VDTK). It’s time for some more share ramping and lying to investors as you guys really do need a bailout placing asap.
Just how many red flags do you need? Because at this AIM listed company, there are more than you’d see on the annual May Day parade through my old stomping ground of Clerkenwell. Let’s list the Verditek (VDTK) red flags:
Maybe having a Tory grandee, Lord Willetts, as your chairman means that you are allowed to commit securities fraud with impunity on the AIM Casino? As I exposed yesterday HERE, that is most certainly what Verditek (VDTK) has been up to. Given that it is currently technically insolvent and its shares are being ramped on an industrial scale by disgraced tipster Mike Walters of 3DM, Polly Peck, Minmet, etc etc infamy and others, another placing must be imminent. I have today written to the Chocolate Teapots at the FCA and the Oxymorons at AIM Regulation asking it to try to, for once, stop fraud.
I start with reflections on how Boris is begging companies to get the workers back to doing a shift at the office. Sory BoJo but in this mess of your own creation you are dreaming. Then it is onto our major expose of securities fraud at Verditek (VDTK) today, where it seems that Old Mother Walters is again batting for the company with a bonkers market cap, no sales, which lies to investors, and which is technically insolvent. What’s not to like? Oh yes and the company’s chairman is a former Tory MP. More red flags than at the May Day rally in Moscow.
As well as the public censure and fine announced yesterday for MBL Group (MUBL) two AIM Cesspit companies were fined and given private censures by the clowns at AIM regulation. But who are the naughty boys who misled investors and market and what does waste of space AIM Regulation boss Nilam Statham hope to achieve by this?
A busted clock and all that,Roger Lawson has posted something on the ShareSoc blog for his three readers which is actually bang on the money. Although it is written in his normal pompous and tedious style for once he is bang on the money. His comments refer to secret cautions by the FCA - a system which just does not work.
I start this podcast with an absolutely dire warning on property as an asset class. Malcolm Stacey is wrong just look at the most recent Begbies data and think about it long and hard. Then I continue my series on AIM fraud. A to E is HERE. F to J is HERE and today I look at K to O covering Kevin Ashton, Lawyer's Letters, Minmet and Mike Walters, New World Oil & Gas and Odey Asset Management. I stress Odey is not a fraud but I'm making a general point about fund managers. My Scrooge article I mentioned is HERE. The next part of this series is P to T - any suggestions for what Q and T might cover?
We have clearly demonstrated that Eden Research (EDEN) managed to get a covert placing away with its panama pump securities fraud deal announced with Terpenetech Ltd on August 24 2015 and revealed HERE. But this is not the first time that Eden has hoodwinked its investors with Terpenetech..let's go back to 23 June 2011.
Eleven years ago I did battle with Eden Research (EDEN) and Environmental Recycling Technologies (ENRT), then called 3DM which were both run by Witney lawyer Ken "Kenny-boy" Brooks. They sent me a slew of lawyers letters, their advisers John Finn, Johnny Townsend and PR man/tipster Mike Walters engaged in a filthy dirty tricks and smear campaign against myself and Lucian Miers, but it was team Kennyboy that ended up with TWO FSA censures. I am now officially "at war" with both companies once more and will today endeavour to show why both worthless entitities should be delisted at once. I start with a very gentle opening delivery for Eden, the strange case of the options.
AIM casino listed Environmental Recycling (ENRT), formerly known as 3DM is worthless POS which has been twice censured by the FSA (today's FCA) for misleading investors. In clarifying the status today of an uber expensive loan it has taken from its founder, Kennyboy Brooks, it has just admitted to a third deception.
The Quindell of 2005 was a company called 3DM. Its shareholders the ThreeDimmers saw the AIM casino stock hyped up to 150p as this former Kazakh loo paper manufacturer told lie after lie. It sent me lawyer’s letter after lawyer’s letter as it tried to bully me into silence. Its cheerleaders, tipster Mike Walters and a City spiv called Johnny Townsend, encouraged all shareholders to report me to the FSA (the FCA of old). But in the end it was 3DM that was censured not once but twice by the FSA (2006 and 2008) for its serial lies. Today that company is called Environmental Recycling (ENRT) and it is still on AIM. Just.