Oh dear. How folks at ShareSoc must long for the stability of Globo fanboy, Roger Lawson. In its new era, under Sheryl Cuisia, who on February 4th announced she was “spearheading an executive-led transformation process to prepare ShareSoc for its next phase of development” - which, natch, included a commitment to diversity, yadda, yadda, yadda - it is all change. Or maybe not..
No! It is not snot gobbler Dan McCrum of the FT who tipped off the CEO allowing him to sell millions of shares in the days before the balloon went up at the Globo (GBO) fraud. McCrum still insists that he is the journalist responsible for Globo’s downfall whatever Gabriel Grego says. But it is another unsung hero who brought Globo to book. You may have thought that he was a supportive shareholder in the fraud, dissing we bears as not knowing what we were talking about. However…
Yesterday I noted how shitty little Aquis Listed Block Commodities had been fined £10,000 for lying to investors. In a way I celebrated as this was down to my work. But in a way not: I was cross.
I start with a few words on the summer weather here in Wales. then it is on to Big Sofa (BST). Then onto a few words about Neill Ricketts, Versarien (VRS), Rolls Royce (RR.), me, Cheryl Cole and the company's latest promo video HERE. Finally, onto Wirecard a German Norfolk which tests the Roger Lawson thesis on how to deal with short sellers to destruction as it implodes.
Here is another commendation for me for my pig ignorant critics on the Bulletin Boards and supporters of fraud to ignore. One day, maybe even Roger Lawson and certain thirsty share bloggers from Brighton might actually be forced to admit that the folks who matter not only respect my work but act on it too. This tme it concerns what was the largest oil company on AIM before it moved to the main market, Diversified Gas & Oil (DGOC). I complained about its accounts, the FRC thought I was correct and forced Diversified to make changes. The letter below makes that clear. Ouzo for the Sheriff of AIM tonight methinks.
Excluding ShareProphets Radio 29, the most read non-Tom article this week is To Buy or To Sell Avacta? That is the Question… by Malcolm Stacey at a enviable number eight or number 15 including Bearcasts.
Oh dear, oh dear, ShareSoc is determined to make itself look ever more ridiculous. Not by defending its accounts being cobbled together by a former board member’s son, an undeclared related party transaction in the years when he was on the board, but over the Burford v LSE case where the judge openly laughed at and ridiculed Sharesoc’s intervention on behalf of Burford.
I start by thanking both Jim Mellon and Nigel Wray who have eached pledged £1000 to Rogue bloggers for Woodlarks, ahead of June 13 when I shall be walking around my fields here in Wales. Woodlarks needs £48,000 to survive the year. We have now raised 17% of that, please can you make a donation, however small, today to get us closer to target. Please give HERE. I then launch into a heartfelt defence of Roger Lawson of Sharesoc over what appears to be an undeclared related party deal at the organisation that campaigns for improved corporate governance and transparency. Then I look at Imperial Brands (IMB) and First Derivatives (FDP), one a stonking long the other a stonking short.
ShareSoc claims to be fighting for private investors and for improved corporate governance. But at least one of its, shockingly small, band of members our reader Pierotlunaire has sent an open letter to the body arguing that its own practices are worse than that lof his local golf club and need a dramatic shake up. He writes:
Excluding ShareProphets Radio 29, the most read non-Tom article this week is Gold: Some takeaways from the ShareProphets Shares Conference by Nigel Somerville at a terrific number two or number three including Bearcasts.
Firstly, thanks to all who have donated to Woodlarks in its hour of need. we are now at 12% of the amount needed to ensure its survival until next year, that is to say £48,000. As I prepare for a 33 mile solo walk on June 13 as this year's only rogue blogger, please donate HERE. Then it is onto events at Bidstack (BIDS), Burford (BUR) and BT (BT.A) and a cast of characters including my pal Carson Block, the snotgobblers at the FT, investment legend Roger Lawson and the suits at ShareSoc.
I start with a few reflections on recordings I am doing and how lucky I am. there have been a lot of laughs so far today and to his credit the Sith Lord Zak Mir is quite funny. Anyhow, this is all for the Shareprophets Shares Conference where the 70 hours of video content really is, and I say so myself, of a very high quality. If you like bearcast, You really will enjoy what I am producing so book your tickets now HERE. In today's podcast I discuss the latest misguided thoughts of the one global star of the investment world not speaking next Saturday, I refer, of course, to Roger Lawson of ShareSoc, on regulation in the wake of the latest NMC (NMC) news. I then look ata clear failing where the FCA needs to act fast, Akazoo and the role of Tosca Fund. I am on the warpath.
The answer is in this podcast which starts with two service announcements. I have today also posted a new Coronavirus podcast, the 6th in a series, looking at the data on BAME victims on my own website HERE. In the bearcast i take a detailed look at Collagen (COS) and at Premier Miton (PMI).
I start with a few comments on Coronavirus as more evidence emerges HERE of why the economy wrecking Government lockdown is such complete madness. It reminds me of an incident around 2000 years ago today when the mob persuaded a leader to adopt a policy not backed up by the facts. I then look at why Roger Lawson is so utterly wrong about Carson Block of Muddy Waters and should apologise. Finally I discuss the behaviour of folks like Alison Rose of NatWest in this crisis. Shocking and unethical maybe but would you not do the same?
NMC Health (NMC) announced late yesterday that it was “not in a position” to oppose successfully the court application by Abu Dhabi Commercial Bank to have the company placed into administration at today’s hearing. In other words it is game over...
Oh dear, oh dear – it is going from dreadful to even more dreadful at NMC Health (NMC), which was suspended in the wake of Dr Shetty’s unreported dealings and a whole load of undisclosed debt coming to light – placing the viability of the company under heavy question. Yesterday we learnt that the debt position has increased from the estimated $5 billion to reach $6.6 billion. The whole outfit is surely toast...
Good news for shareholders in now suspended NMC Health (NMC), the establishment suits at ShareSoc have launched the NMC Action Group (NAG) to help realise value for sghareholders. The release is below:
Goaded by Roger Lawson who, as ever, gives no credit where credit is due. Not! I look at the Premier Miton Smaller Companies fund mismanaged by Gervais Williams. The Boris Bounce has given Gervais a breather but he has used it for at least one more monumental bluncder. How long can the fund survive? And, on another matter, I ask you to be as generous as No Gold & Cathal Friel or just be generous and give something as the Rogue Bloggers for Woodlarks have now hit 2% of our target raise HERE. The top ten holdings of the Miton fund ( until redemptions force sales) are below:
ShareSoc wants your money. Will you make a donation of £500, £100, £10 or whatever you can afford or will you join for £45? Er No give the cash to Woodlarks instead. But the appeal comes at the bottom of news that ShareSoc has launched the ShareSoc Sirius Shareholder Group to provide whatever support it can to 85,000 investors in this company. The appeal is disingenuous at two levels.
Just now and again the ShareSoc man is bang on the money and his comments on FTSE 100 far cat pay awards are one of those rare occasions. I have no issue with rewarding those who risk their capital or those managers who deliver exceptional returns but that is not what is happening now. So what is the solution?
Firstly I hope you all have a good New Year's Eve and wish you all, even NoGold and Roger Lawson, the best of luck for 2020. In the podcast I look at BigDish (DISH), Bidstack (BIDS) and Bango (BGO).
Firstly, I am delighted to say that NoGold has been in touch about the £50 bet. Good man. Then I reflect on G3 Exploration (G3E) in light of Evil Banksta's excellent piece yesterday. It is now more than six years since I ignored a certain amount of pressure and published the Bloody Dossier HERE. Under the Roger Lawson rules I would not have published. I am, again, vindicated. I comment on Anglo African (AAOG) and will have more to follow on toxic David Sefton and Iconic (ICON) later. Today's news moves Lyin' James Draper of Bidstack (BIDS) one place up my target list. I look at Online Blockchain (OBC) in detail and also at Fulham Shore (FUL) where the numbers look all wrong and which is, I fear, an accident waiting to happen. The £65 million valuation is crackers.
In today's podcast I start with the latest joke journalism from Justin the Clown who still shows extreme cowardice and declining my challenge. I answer the question about Ms Lingerie on Expenses and the empty chair, with reference to the FCA. I discuss Big Dish (DISH) again and why NED's do matter. I look at Mercia Asset Managenment (MERC) and the comments of Roger Lawson of ShareSoc and his fave Chronic Investor hack, explianing where they are both going so badly wrong. Finally a look ay Rosslyn Data (RDT), its profits warning, valuation and vain boasts of generating cash.
I apologise for the lack of articles today, Gary Newman is on a book deadline, Chris Bailey is engaging in his dirty secret and I am olive harvesting. A few words on that and then I look at comments that Roger Lawson of ShareSoc makes on debt and also on Victoria (VCP). On this occasion he is only partially wrong, which must be seen as a result.
Roger Lawson of ShareSoc is bang on the money with his comments on plans to sue Hargreaves Lansdown over its shocking behaviour in pushing clients into Neil Woodford's funds. In essence his conclusion is to be wary of throwing good money after bad.
I see that Roger Lawson of ShareSoc is today praising the FT's coverage of Neil Woodford. How sad and predictable that the establishment engages in mutual masturbation rathing than seeking the truth. The FT is the paper that publisshed a blow job interview with Woodford as recently as April 2019. Of course Roger is not mentioning our work in his little read blog posts or praising the folks who called this one out with more than 1000 articles and podcasts since 2015. But I hope that the BBC does recognise who was Woodford's nemesis on Monday. In case it has forgotten here are our 50 most read articles on the ex fund manager
No doubt Roger Lawson reckons that Matt Earl should have run the dossier below by the Luxembourg based company first. It is long but damning and the shares are crashing on the back of it. Enjoy.
Roger Lawson of ShareSoc sent me a present the other day. Nope, not another lawyer’s letter but a copy of his new book “Business Perspective Investing… And why financial numbers are not important when picking shares.” A snappy title if ever there was one. I do think numbers matter but it is not a bad read. To demonstrate what he means, Mr Lawson has listed 17 reasons why he does NOT want to own or buy shares in Burford (BUR) and it is nothing to do with the Muddy Waters affair. The 17 reasons Neil Woodford ignored are:
Bear raider Marc Cohodes is being sued for defamation for tweets he issued during a bear raid according to papers we publish below. Cohodes will no doubt have a good explanation but his accuser Guy Gentile who was a major shareholder in Lannett, the company that Cohodes was raising seems to have a strong case. Those, like Roger Lawson, who demand ever tighter and more draconian restrictions on those of a bearish opinion, should take note.
FTI Consulting, PR for First Derivatives (FDP), wants me to take down legititmate articles asking legitimate questions. If Roger Lawson had his way I'd have to take them down. Luckily the ShareSoc supremo can't gag a free press so instead I publish some more, explosive, court documents about First Derivatives in full, below and in this podcast I explain why they matter.
As you know, Roger Lawson of ShareSoc wants to clean up AIM by, inter alia, forcing websites such as this to remove any article which a company deems defamatory merely on demand, in the way that Bulletin Boards already do. Lawson does not say who would judge when an artiocle could be republished but the implication is that it would be the new regulator he proposes. The case study which shows what utter folly this idea represents is Tim Baldwin and TXO.
In the wake of the Muddy waters attack on Burford (BUR) Roger Lawson of ShareSoc has published a detailed set of proposals to tackle what he sees as a big problem as you can see HERE. He makes a couple of suggestions which we can agree on as being utterly sensible. But he fails to grasp that existing laws can deal with other issues, the problem is that they are never implemented. He goes on to make a number of proposals which are naive and would gag websites like this in the extremis making London markets, already a great place for fraudsters and shameless promoters to do business, even more friendly for such folks. They would be a disaster as I explain in detail.
In today's podcast I start with how Roger Lawson wants laws changed that will shut ShareProphets down and is using Burford (BUR) as his pretext. I look at how the AIM demise of Avanti (AVN) shows how wrong Lawson is and at lessons we can all learn. I cover Providence Resources (PVR) and its dirtbag fat cat boss Tony O'Reilly Jnr, at Cabot Energy (TOAST), Mysale (MYSL) - another mark of shame for Burford's Nomad Macquarie and for Sir Philip Green - and at IMC Exploration (IMC) which is toxic.
I was once a believer as shares in the satellite company Avanti Communications (AVN) soared to 800p+. But I saw the light many moons ago. Today they languish at 0.5p as the company has announced that it is to delist from the AIM Casino. For six years this website has been warning about this disaster in waiting now we are 100% vindicated. Are there lessons to be learned? You bet....
In today's bearcast I look at shitty little gold plays like Conroy (CGNR) and Condor (CNR) at their relationship to the gold price. I cover Burford (BUR) noting today's interventions from two giants of the investment world: Carson Block of Muddy Waters and Roger Lawson of ShareSoc. I look at Providence Resources (PVR) a comedy set to end in tears, at Diversified Gas & Oil (DGOC) a tragedy set to end in tears and also at Neil Woodford and that Cenkos (CNKS) profits warning.
In today's bearcast I look at the 5.6 million questions Mark Dampier has to answer in the wake of the collapse of the Neil Woodford empire. I also look at how the contagion could swamp one of Hargreaves Lansdown's (HL.) own fund of funds unit trusts and at the massive COIs at Hargreaves which the Woodfiord scandal reveals. I look at Redde (REDD), Surgical Innovations (SUN) and give a direct answer to Roger Lawson as to why I will continue to call out the corrupt and useless deadwood press even if it means no coverage of the achievements of this website. It is called feeling comfortable with yourself, Roger, for telling it as it is. Postscript: Late tonight it has been announced that shamed Dampier is to "retire".
Last week, Roger Lawson posted a blog about the AGM of Accesso Technology (ACSO). Within this, he levelled a very thinly veiled criticism of Tom Winnifrith, blaming him for the share’s collapse, implying that his actions were wrong and he should be subject to new regulation. As you might expect if you have any knowledge of these two smart and principled men, this resulted in a mutual online flaming session between Tom and Roger.
Back in 2014 Tom Winnifrith described AIM-listed (for now) Redhall (RHL) as a zombie company….dead money but that it supported an army of crony capitalists, directors and various City parasites. This morning the shares were suspended pending financial clarification yet although there had been a profit warning on 1 May there had been no indication that the company was at death’s door.
Roger Lawson of ShareSoc has not reacted well to yesterday's article HERE but still refuses to say how he wants me and ShareProphets to be curbed and controlled. Over to you comrade and I think you really are talking bollocks. Then it is onto Red Rock Resources (RRR), Georgian Mining (GEO) and some hard questions about potential AIM Rules breaches at Westminster Group (WSG), run by loathsome ex Tory MP Tony Baldry of 3DM infamy. I remind you to risk a milkshake from a wretched lefty and vote the right way today. And I make another plea to those bearcast listeners yet to be heros, please donate now to Rogue Bloggers for Woodlarks HERE.
I warned folks time and time again that the valuation of Sound Energy (SOU) was a monumental joke as the shares were pumped up to a peak of 82p. But the savants of the Bulletin Board Moron community knew better and hurled back abuse. Today the shares are just 11.62p but that is still way too high.
Shares in Accesso (ACSO) have more than halved so who is to blame? I warned folks on numerous occasions about aggressive accounting, weak cashflows, lack of timely disclosures and hefty boardroom share sales, notably in a detailed piece HERE. And you might have thought that those were all very good reasons why the shares have tanked. Oh no…step forward loyal shareholder Roger Lawson of Sharesoc reporting back on the AGM which he attended.
Neil Woodford needs money for his funds urgently but to give to a far more deserving cause which I may have mentioned once or twice go HERE. I discuss damning statistics for the AIM Casino, Inspirit (INP), Mobile Streams (MOS) and in the Woodford section Paypoint (PAY), Imperial Brands (IMB) and now Strix (KETL), another jolly good income and growth play he is dumping.
The trouble with Roger Lawson of ShareSoc is that he is too much of a nice guy. As a keen reader of this web site he has more than enough ammo to really stick it to hapless Neil Woodford, the posterboy of the we must reward failure movement. But in his own way, Lawson has today joined we Woodford Bears with his own attack. He opines and the underline is mine.
My old pal Roger Lawson of ShareSoc deserves credit for this good spot on Tungsten (TUNG) in terms of its claim to have, for once, generated cash on a quarterly basis. Well up to a point, as Lawson explains:
I am plagued today by Bulletin Board Morons reporting me to the FCA, by Roger Lawson and some ungracious comments on fraud busting at Globo (GBO), Quindell (QPP) and Patisserie Holdings (CAKE) and by our former in house Bulletin Board Loon who has returned to really rile me with some vile comments on the holocaust which expose him as the Jew hating vermin that he is - HERE. I comment on Angus Energy (ANGS), UK Oil & Gas (UKOG), Domino's Pizza (DOM), Feedback (FDBK), Photonstar Led (PSL), Starcom (STAR) and Cabot Energy (CAB). Footnote, Roger is now planning to run an amendment flagging up that I did advise folks to sell/short Patisserie warning "something's not right". Roger you are a gent.
I never had Roger Lawson of Sharesoc down as a natural wit but I did chuckle when I read his comments on Telford Homes (TEF) and London/UK house prices. He is bang on the money, echoing exactly what I said in bearcast yesterday. Anyhow back to Roger “it’s the way he tell’s ‘em”
Roger Lawson of ShareSoc is er…not always right but his latest battle is one where he is bang on the money. Lawson is a shareholder in Abcam (ABC) and thinks the board is taking the piss and need an AGM wake-up call. He is absolutely right.
I start with a reflection on 9/11 and the Orwellian claims to be fighting terror as discussed in more detail HERE. Then it is onto Roger Lawson of ShareSoc and his claims of how the mainstream press view me. Heck if they really thought that why do they keep lifting our stories and running them as their own work? Whatever. I regard the MSM as part of the problem of stockmarket corruption and not the solution and explain why. Then it is onto UK Oil & Gas (UKOG), Toople (TOOP), Oneview (ONEV) and a real problem with Nomad resignations on the AIM Casino, Frontera (FRR) and Online Blockchain (OBC) where directors really need to Show Me The Money or the shares will carry on sliding.
Leading short seller Marc Cohodes has been banned by the regulator in Alberta, Canada, from trading in shares in Badger Daylighting Ltd and has also been prohibited from disseminating to the public any statements relating to Badger that he knows or reasonably ought to know are misleading or untrue.
Globo (GBO) was a fraud which claimed to have cash but did not and is now bust. Its downfall was precipitated by ShareProphets publishing a Gabriel Grego dossier after the FT and snot-gobbler Dan McCrum merely tipped off the CEO allowing him to dump all his shares and failed to publish. Now the Financial Reporting Council says that it is letting auditor Grant Thornton off the hook and dropping its enquiry.
In today's bearcast I celebrate six years of being a full time investigative writer not a crony capitalist. I take issue with Roger Lawson on the deadwood press and how the view me but agree partially with him on Inheritance Tax. I explain why there is a flood of Julie Meyer material and why it is justified. I look at Alfa Financial (ALFA) and its 1 year anniversary profits warning. I update on the African Potash (AFPO) class action against its Nomad Cantor Fitzgerald and how things are moving and why this could be my crowning achievement. Finally.. we are almost at £5,000. We are seeking to raise £20,000 for Woodlarks. that will be a game changer for a great charity. 95% of listeners have not donated. To those who have I say thank you. To the rest, I know you can afford a tenner. Please cough up now HERE
Yes, this is the place where many AIM CEOs are not fit to run the public toilets. What better place to record? Excuse the background noise. Yes I am back in Greece - I kept that a secret - and have today door-stepped Folli Follie at its lavish HQ camera in hand. It was an experience. Thank god I had a burly Albanian in a car with a motor running parked down the road. In this podcast I discuss Andalas (ADL) which is still not coming clean and is a prize dog, Roger Lawson with whom I have a good chat last night and who does not trivialise hate mail and R4E (R4E) whose results statement is er.. a mixed bag for we loyal shareholders. PS If you appreciate my bravery and dedication GO SPONSOR ME FOR £10 NOW HERE
As the winner of the 2017 Dragon's Den – grand prize, a free trip to anywhere the #73 bus goes, bus fare not included - I have a a reputation to protect. So there would be absolutely no reason to do a check in on how the 2018 leaderboard is doing.
Though a diehard republican I have weakened and am going to watch the Royal Wedding. Don't be too harsh on me. In this podcast I discuss issues raised by Roger Lawson with regard to free speech, social media, threats to journalists, market abuse and the FCA in tackling crime.
On a post approved by ShareSoc on its blog, Roger Lawson has today commented on the incident I described in bearcast on Monday - the email I received in response to my fraudbusting work. I have made Lawson aware of the content of that email currently with the Police so something I cannot publish - but it is the most disgusting material about my wife of Indian origin. Yet he is unapologetic for writing in a way that trivialises it and has refused polite requests to withdraw his article of today. Roger, your failure to see hate crime against an innocent woman, committed by someone not wanting fraud exposed is poor form - you should have checked your facts before writing such a monstrous article. ShareSoc seems unapologetic too - wankers. Roger comments on Audioboom. My comments are in bold.
My new best friend Roger Lawson of ShareSoc has written about the firesale of Conviviality (CVR) assets. He is right but also wrong. What has happened tells us as much about the illusion of asset backing as it does about the way administration works.
In today's podcast I start with a digression about driving to Greece given the day's good news about the hovel HERE. But I have a serious point about residual values of cars, ref BCA Marketplace (BCA), Northgate (NTG) and others. I then look at Falcon Media (FAL) and its boss who I accuse of fraud and think should go to jail. Then it is on to Milestone (MSG) - told y'all!!!! - Ferrum Crescent (FCR), De La Rue (DLR), and Amur Minerals (AMC). I have a pop at an Ulster born bimbo on BBC Business over Brexit and then discuss Neil Woodford where Roger Lawson defends the indefensible after today's shocking revelations. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH
In today's bearcast I discuss the corporate history of Sir Henry Bellingham MP notably the fraud he was deeply involved with for six years - 3DM. That leaves me backing today's calls for him to resign from Pathfinder Minerals (PFP). He is a massive red flag just like ex Tory MP Tony Baldry now of Westminster (WSG) but who was also involved in the nest of vipers that was 3DM. I discuss my settlement with Roger Lawson of ShareSoc. And then I look at the bizarre share transactions at BCA Marketplace (BCA) and what they mean, i.e SELL!
Roger Lawson and Tom Winnifrith have agreed that Mr Lawson's legal action against Tom Winnifrith for libel will not be pursued further. Life is too short. Both men are agreed that nearly all of the work done by each other on seeking reform of AIM and in campaigning against poor corporate governance is worthwhile. There are too many ways in which the stock market needs reform and too many individuals who break the rules that do exist, for energies and money to be wasted on a fight that will enrich only lawyers.
In today's bearcast I take inspiration from Roger Lawson looking at the sins of KPMG at Carillion (CLLN) and EMIS (EMIS), not to mention Quindell (QPP). What to do? I look more at Dignity (DTY) and conclude that - having examined numbers from Beyond - the company is fecked. I look at the dumbest snowflake financial journalist going - natch he works for the Daily Mail. And I wonder should one follow the bears, I review the most shorted stocks on AIM and the main market including IQE (IQE), Debenhams (DEB) and Telit (TCM)
I hold no candle for either Roger Lawson of ShareSoc or ADVFN (AFN) but Lawson has made the most serious of allegations about ADVFN's AGM of last week which surely the company needs to answer and thus I bring Lawson's words to a wider audience. While he is at it Lawson has a go at ADVFN's business model and its blockchain spoofery.
I gave another bearish assessment of IDOX (IDOX) in Thursday's bearcast and the shares duly fell again sharply on Friday. They are now 30p valuing the company at £124 million. I am afraid that is still too high. Roger Lawson of Sharesoc is a bearish stale bull
The old goat has turned over a new leaf and today really sticks it to Blancco Technology (BLTG) in which he admits he has a trivial holding. I doff my hat to Lawson for that and his comments on the ShareSoc blog are spot on. Personally this company's revenue recognition policies stink so much that I'd have to rate it as a sell.
Just a short bearcast today as I had to rush off for my regular Thursday morning date with the Fit Young Mums. In today's podcast I talk about the IPO/RTO today of Sosandar (SOS) which we own shares in and I reveal the first of the celeb investors. Then it is onto Playtech (PTEC) and some wider thoughts on gambling regulation in the UK. Finally there is a look at Rosslyn Data (RDT) where - hat tip Roger Lawson - it is surely profits warning ahoy. I look back at the numerous Rosslyn red flags.
Roger Lawson of ShareSoc bought a few shares in Rosslyn Data (RDT) as a recovery punt in a placing. That he was able to get EIS relief added to the attraction although I still worry he will lose money on this company which I have highlighted many times (HERE) as a howling dog even by the standards of AIM. Lawson attended the AGM yesterday and reports back on what appears to have been a curate's egg in his mind. I think he is being well generous.
These are the genuine reviews on AllAgents.co.uk that Purplebricks (PURP) has attempted to ensure that you do not see by sending threatening lawyers letters as we exposed yesterday. As you can see they are dynamite and show quite clearly a flawed business model which sees customer after customer ripped off. Word of that is spreading which is why this company will NEVER make a profit and will sooner or later run out of money and go bust. The shares are a sell at 380p - target price 0p. Now read on and wonder why folks like Neil "nomates" Woodford and Roger Lawson want to own these shares... PS If Purplebricks wants to threaten me to remove these posts I will take great pleasure in seeing the bitchez in Court.
A questionable business model,shocking revelations on Watchdog, very murky management CVs exposed HERE, a complete lack of profits, a sky high valuatione, endorsements from shareholders "nomates" Neil Woodford and Roger Lawson as well as being tipped in the Godawful Midas Column in today's MoS- what could possibly go wrong for Purplebricks (PURP)? To justify its most recent keep the lights on fund raise it had to promise a new expansion strategy. And so on Friday it announced a US Launch. Natch it starts off with patently bogus internet reviews as you can see below. The Yanks are so dumb they will not notice will they?
We're four days into the reader supported ShareProphets and I'd rate it a stunning success. But what lessons are to be learnt are less clear.
Neil Woodford, Paul Scott and the man who compares himself to Warren Buffett, Roger Lawson, have no doubt done full due diligence on the manangement at Purplebricks (PURP), notably its founders, the Bruce brothers. Or maybe not...
Old Lawson may still be pursuing a ridiculous claim against me for libel, he noted this week that he had another meeting with his lawyers, but credit where credit is due, the old fool has nailed the shambles last week at Barclays (BARC) stockbrokers perfectly. And in a posting on the ShareSoc blog he gives advice on what to do if you have been jerked around. This is an example of the good work he can do when he is not distracted by falling in love with companies such as Globo. Over to Lawson:
Following complaints from Roger Lawson, ADVFN has insisted on a raft of new editorial controls on OneFreeShareTip.com. I did not re-start my life five years ago to be told what I could or could not write. I said no and ADVFN boss Clem Chambers has just said that the website will be shut down. So...our hand is forced ... Welcome to fivefreesharetips.com - we hope you join NOW HERE.
We had a lot of great entries this week for the Bulletin Board Moron contest. Apparently, all you need to do is give a desirable prize and people enter. And the prize this week is...? Oh, dear.
Sometimes for routine incompetence but more normally for attempting to publish the sort of money tree worship inspired fake news that should be the preserve of the BBC and the Guardian, pizza hardman Darren Atwater gets fired at least once a week by ShareProphets. Naturally he is reinstated almost immediately. The winner of this week's BBM Contest gets to fire Darren next Monday by mail or in person. What a prize!
It is all very well saying that tiddly little companies like Advanced Oncotherapy (AVO) or Eden Research (EDEN) are worthless cash guzzling frauds heading for 0p but they are just very hard to short. That both stocks will hit zero is a given. In the end frauds always run out of other people's money. What you want are stocks you can short which look almost certain to collapse. And right now you need them badly as a hedge. A hedge against what?
It seems that Roger Lawson of Globo and blinkx fame is not impressed by my suggestion that he is a bull of Purplebricks (PURP) and that it might therefore somehow be jinxed. But in a couple of after the pubs opened O'clock comments here last night he focusses the mind on what a select group he himself belongs to.
It is quite amazing to see just how few friends fund manager Neil Woodford has in the City these days. It is almost as if I am starting to feel that he is a kindred spirit. Neil, how about we have a joint Square Mile Christmas party for all of our friends in a telephone kiosk somewhere? The vast fees Nomates has charged for delivering three years of dismal underperformance do not play well but it is the arrogant insistence that Mr Market is always wrong because Nomates knows better that has unleashed such waves of schadenfreude after his latest disasters. But he still has one or two defenders who say "aha remember 2001" - but this Maginot defence does not wash.
I am not sure if Neil Woodford had a big stake but Telit Communications (TCM) ticked all the other red flag boxes for AIM casino disasters waiting to happen. UK Investor Show attendees know that this has been high on the bear's hit list for a while. Today the train wreck happened and as I write, shares in what was the most shorted stock on the casino, are 39% down at 156p. But a £199 million market cap is still a rum and coke. The shares could be 20p and I still would not buy. Pro tem I count this as another big win for the Sheriff of AIM.
The story of our week has been our turmoil with generic file hosting PLC, Audioboom. It's a sad fall for them. Created in 2013 as Audioboo, the service was intended as a resource for journalists (and musicians) to create audio clips as easiily as taking a picture. Founder Mark Rock talks about how instrumental Audioboo was during the Arab Spring uprisings here.
Has Roger Lawson of ShareSoc not heard of the Streisand Effect? Last week his lawyers sent a take-down letter to Audioboom about a bearcast that he asserted ( wrongly) was defamatory and libellous. Since the podcast is more than a year old and so was rarely listened to these days his act was pointless but, more importantly,, Audioboom had no legal liability as libel is time limited by statute. But Audioboom has no cojones just like it has no FD after the last chap resigned without any explanation given but with immediate effect the other day. We explained this tale of media cowardice in full HERE. However...
First up I must congratulate Paul Scott for sticking with and, I think averaging down, on Revolution Bars (RBG) which earlier this week received a tentative 200p share offer. Paul was right and I was wrong. It happens. I guess my, almost teetotal existence and his extensive field work gave him the edge. Only kidding - it was a great call by Paul and one orf the reasons why he is such a great share blogger. I am sure his session with Nigel Wray at UK Investor 2018 (as well as his live bearcast with me) will justify attendance on its own. But just as a reminder we do not get it all right, here is a classic Scott twitter outburst, regarding Fairpoint (FRP) which said that it would be calling in administrators today.
On Monday evening we were treated to the shock news that blur (BLUR) founder Phil Letts had been given the order of the boot just 18 days after his ghastly Mrs Kara Cardinale was also handed a P45 and a black bin liner. While the two of them relax at their luxury Devon Estate, shares in blur have enjoyed a relief rally to 4.75p ( now just 98.5% off their peak) but is that share price spike justified. Like hell it is.
There were many good nominations this week making selecting the selection of a winner a difficult one. But we persevere.
My good pal Roger Lawson will be receiving a superb see you in Court Bitchez letter from my lawyer tomorrow addressing his allegations of libel to go with the one I sent last week concerning his claim of harassment. On Friday his lawyers wrote to poor Audioboom (BOOM) bullying it to take down an April 2016 bearcast So here is a new bearcast for Roger, for ShareSoc, Mr Lawson and for Barbara Streisand.
Are there no depths to which Roger Lawson of ShareSoc, Globo and blinkx fame will not go in order to silence me as part of a free press? The latest trick from Roger and his bully boy lawyers Keystone is to have a go at Audioboom.
Roger Lawson of ShareSoc is determined to use his wealth to stop publication of legitimate comments about his writing and share dealing activities and has thus threatened me, Tom Winnifrith with both a libel case and an injunction for harassment.
Former ShareSoc chairman Roger Lawson, who has threatened to sue Tom Winnifrith, is the sponsor of this week's Bulletin Board Moron contest. Yes he sponsored last week's contest as well but he still has a few of the Globo sharesw he promoted so enthusiastically to hand out as a prize so Roger is back again
I first cautioned on shares in buy-and-build scientific instrument group Judges Scientific (JDG) on this website at above 2200p in 2014 HERE, though also more recently at sub 1300p HERE. They have now risen back towards 1900p helped by a “Trading Update” announcement…
The top story this week (and several others in the top ten) is regarding former ShareSoc chairman Roger Lawson's threat to sue Tom Winnifrith over Tom's writings.
We asked you a simple question HERE. Look at the mugshots of the honourable chaps below and tell us the odd one out. For those who could not recognise the ugly sisters they were (top row first, left to right): Dodgy bubble Costis from Greek fraud Globo, Roger Lawson ( NOT a fraudster), the king of the fraudsters Rob Terry of Quindell, lyin' Chris Cleverley of African Potash, Peter Shea of Daniel Stewart and Jimmyliar Ellerton of Sefton infamy. So who is the odd one out? No-one got this one correct.
Today's the day that African Potash gets slung from the NEX markets or has the rules bent for them, so in normal circumstances it would sponsor this week's contest. But there is an even better sponsor, step forward Roger Lawson of ShareSoc who will donate some of the Globo shares he owns as a prize. Natch, Lawson sold most of his Globo shares before telling readers to sell, but he still has some left and even offered to help the management take the company forward.
A formal response to Roger Lawson's outrageous lawyers letter will follow in due course. But in this detailed podcast I explain why the letter he sent is so pitiful and wrong and why I shall fight to ensure that his antics are exposed. It would set a very bad precedent were there to be any other result. For ShareSoc the implications of this case are laid out and it will not enjoy what is set to unfold one little bit.
Okay this is easy as pie. I bring you a dodgy bubble, Roger Lawson (not for the avoidance of doubt a fraudster), the King of the fraudsters, lyin' Chris, the head of a formerly AIM listed POS where 1/6 of the staff were family members and Jimmyliar himself. Which is the odd one out Post your answers in the comments section below with a deadline of 7 AM Monday Morning.
Five days ago someone who you would say had a career death wish, if he had actually got a career, sent me a stern lawyers letter demanding that I pull all articles on him (going back 40 months) pay him damages, never write about him again and publish a grovelling apology dictated by him. I asked you to guess who has been so daft and 92% of you got it wrong.
Don't these fools ever learn? For chancers and crooks like Darren Winters, the shysters at Globo, Blinkx, Quindell and Daniel Stewart and for lyin Chris Cleverley and Lord Hain of sleaze and for so many others, sending me a fascist lawyers letter never works out well. That is not for them at least. But it seems there is one born every day. A new letter is in demanding that three years of articles be removed, that damages and costs be paid and that I put my name to a grovelling apology dictated by this poltroon. Who do you think is daft enough to have sent it? Vote now in our latest poll with a deadline of midnight tonight.
Late on Friday, at no-one is watching O'Clock we learned that Po Ling Low had quit as FD of AIM listed China fraud Aquatic Foods (AFG) with immediate effect. Really? It was 5.21 in London so it was 1.12 in the morning in China. Did Po really walk the plank so late in the evening. Clearly that was just another lie from this slam dunk fraud.
The Times yesterday ran an article "Investors take aim at LSE’s mistrusted upstart - Stock exchange defends Alternative Investment Market but its critics are losing patience", which it painted as a major attack on AIM. In fact it appears to have found one new critic - Standard Life - which, having done its conkers on Fusionex (FXI) because its fund managers knew better than our writers here who issued repeated warnings, now seems to think AIM has a problem. On which fucking planet has Standard Life been for the past ten years?
ShareSoc it is starting to serve up some opinions of worth. Its latest comment on the RBS scandal is bang on the money and shows why the UK Financial system is flawed and will screw we little people every time.
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.
Last week I asked you explain which of the four companies whose logos I showed ( Globo, Cloudtag, Naibu & Polly Peck) was the odd one out. A few of you were game enough to have a stab as you can see HERE.
This is so simple. 4 companies but which is the odd one out and why? Answers in the comments section below by midnight on 28 February (today). The answer is not Globo on the basis that it was the only fraud owned and promoted by Roger Ramper Lawson but do your best anyway...
ShareSoc does some great work for private investors. Sadly its former chairman Roger Lawson of blinkx & Globo fame- taken apart brilliantly by Paul Scott HERE - continues to behave in a way that is not quite right. He was at it again last night and also a week or so ago.
Roger Lawson the chairman of ShareSoc is of course a great expert on tech stocks. That was why he was able to dismiss so easily criticism from myself, Ben Edelman and Paul Scott about blinkx (BLNX) and Globo (GBO), two of his big holdings. Now it seems that another "Lawson winner" emerges - NCC Group (NCC) which had an awful statement yesterday as I explained HERE..
Who has just written "I said in our last newsletter that my portfolio performance was disappointing in 2016, but I am feeling a lot better now as I made a reasonable profit and better than most of the "expert" tipsters it seems. Perhaps the moral to be drawn from this news is that it might be best to do your own research rather than pick up tips from others and rely on them for investment purposes. Reading the national press or other publications might be useful for picking up ideas, but you should consider any tips with an appropriate amount of scepticism until you have researched the companies and fully understood what they do and their financial structure. In other words, don't simply believe what you read.
Here we go again. Wicked and evil bears launch an attack on a great British company and Roger Lawson of ShareSoc insists he knows better, just like he did with Globo and Blinkx, and attacks the bears. He opines on his blog with three readers:
In this podcast I look at the Hillary Clinton bombshell and what it means for the election and shares, something I cover in more detail HERE. Then, for the benefit of Paul Scott, I set the record straight on ShareSoc - I have every right to say it should not get the taxpayer cash it demands. Then I explain insider dealing and the difference between how I treated Reach4Entertainment (R4E) and Cyan (CYAN). Finally I suggest that heads must roll at Northland over the Management Resource Solutions (MRS) scandals.
After accusing me of being part of the problem on AIM yesterday and threatening to sue me for libel if I did not shut up, I decided not to shut up. Thus Roger posted:
This website has pointed out that AIM listed IGAS has been a slam dunk sell for more than two years but for a good few months as it warned that it would breach covenants on its bonds any moron could see that the writing was on the wall. Except loyal house broker Cannacord, shamed over the Quindell fraud, its research on this has been laughable. It shows that a buy note from a house broker, especially one as shoddy as Cannacord, is just worthless. You will remember how Canaccord fired heroic Kevin Ashton, the world's number 1 tech analyst, when he refused to write a buy note on the Quindell fraud.
I am even more angry than I was on Monday. Those who have caused this are in no particular order: Reach4Entertainment (R4E), my selfish and lazy ex wife, Roger Lawson, Wishbone Gold (WSBN), Belfort Securities and whoever is responsible for the League Cup quarter final draw, I also cover in detail Avocet Mining (AVM), IGAS, Magnolia Petroloeum (MAGP) and XCite Energy (XEL)
The chaps at ShareSoc led by Roger Lawson have written to the Business, Innovation and Skills Committee inquiry on corporate governance with a number of suggestions on cleaning up AIM. First up, send large amounts of taxpayers cash to Lawson and his pals. You could not make this stuff up.
In this bearcast I refer to my article on the Trump & Clinton debate overnight and what it means HERE and the latest shocking expose of Quindell fraudster Rob Terry HERE. I warn about bad things happening in Euro land and the worst of tem all is Deutsche Bank. There is a Radio 4 programme tonight on AIM fraud at 8 PM. I am not involved but some fine upstanding members of the community are. that is irony in case the loser Roger Lawson thinks I have forgiven him and ShareSoc for defending the blinkx law breakers by smearing me and Ben Edelman.Elsewhere I look at the role of certain NEDS who are Tim not so nice but fucking dim. I cover the Cloudtag (CTAG) scam, Northern Petroleum (NOP) - placing ahoy _ and Imaginatik (IMTK) as well as China fraud Jiasen (JSI)
I had to buy a copy of the Guardian for Dad today and carry it home through the streets from the newsagent. How I am shamed in front of my neighbours. Meanwhile dad is reading books I own by Peter Hitchens, Niall Ferguson and Melanie Phillips and is loving them, as his inner reactionary is exposed. On the markets I look at Servision (SEV), Xtract Energy (XTR) - Steve Moore and Gary Newman you are FIRED! - Gulf Keystone (GKP), Taihua (FRAUD), Oxford Pharma (OXP), Judges Scientific (JDG) and another bad day for disgraced Roger "Ramper" Lawson of ShareSoc, Kennedy Ventures (KENV) and finally the poltroons stock of choice for today, Nyota (NYO).
ShareSoc, home to disgraced ramper Roger Lawson of blinkx, Globo and general infamy, reckons that AIM Can lose its Casino tag but needs reform. On the latter point that seems like a statement of the bleeding obvious but what does ShareSoc demand? Honestly you could not make this stuff up.
Good God, what is it that really interests you, dear ShareProphets reader? Look at these topics: Homophobic phrasing, alleged David Lenigas smears, ShareSoc's Roger Lawson talking bollocks, and pewter-circle law firm Pinsent Masons partner urging Sefton to smear Tom and Brokerman Dan are all making the top ten. Why aren't you readin Don't Short The Big Short. This Film Is A Master Class in How Top Traders Work.? That's a good piece of financial commentary.
The joint administrators of Globo plc (GBO) have further emphasised that they “do not anticipate that there will be any return from the administration for the shareholders” and have updated that “cancellation of the company's AIM securities will take effect from 7am 1 December 2015”…
Roger Lawson suggested, on the ShareSoc website , that he and other shareholders in Globo (GBO) might go in and assist the board. I guess his services won’t be needed now because it is all over. A bad call by Lawson and another win for the bears.
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
In today's podcast I cheer on Paul Scott in his twitter battle with Roger Lawson (see HERE). Then it is onto Globo (GBO) and where we are now. Then I look at the companies announcing at no-one is watching O'Clock yesterday: IGAS (IGAS), EKF Diagnostics (EKF), ADVFN (AFN) and Gulf Keystone (GKP)
I have long criticised Roger Lawson of ShareScoc He wrote supportively on blinkx (BLNX) without declaring a position and attacked folks like myself and Ben Edelman who disagreed, declaring that he was a “software expert”. It now appears that the software expert was also long of Monitise (MONI) and Globo (GBO)
That blinkx (BLNX) is a total dog is now beyond doubt. Steve Moore and I called it right and we are still bearish (see HERE) but now it seems that shareholders are waking up and that for CEO Brian Mukherjee the “black bag” day may be looming. Even Roger Lawson of ShareSoc is on his case.
I leave it to Steve Moore to have the pleasure of plunging the knife into the dog blinkx (BLNX) after its profits warning HERE. It is a dog pure and simple and the shares, at 21p, are a stonking sell with a 12p target for starters. On the matter of blinkx we long term bears are again vindicated while the self-proclaimed expert on the stock, the disgraced ramper Roger Lawson of ShareSoc is one more shown up as a fool as well as a knave. But now to EBITDA.
Today’s trading statement from blinkx (BLNX) must be making even Roger Lawson from ShareSoc splutter into his cornflakes as it is truly dire. No wonder that the shares, 90p a year ago as Lawson said the bears did not know what they were talking about, are just 28.5p and falling. And worse is to come for this POS as a 100% vindicated Ben Edelman will be having another go at www.UKInvestorshow.com on April 18 in Westminster.
Having warned on this website over a year ago that I would be nervous holding shares in scientific instruments designer and manufacturer Judges (JDG) at a then more than 2200p and reiterated at 1550p a couple of months ago, the following updates with the shares currently having fallen below 1500p today on the back of results for a self-declared “disappointing” 2014 calendar year…
I have not picked a fight with anyone for a week or so but as its my Birthday tomorrow I thought I’d treat myself and have a go at Roger Lawson from ShareSoc as he has written a piece today that is mean spirited in omission if not content. Journalists like fights and I have been goaded.
We faced down the bully boy lawyers from blinkx (BLNX) & threats from Bulletin Board Morons to bring you Ben Edelman at UK Investor 2014. At the time the blinkx fan club (step forward Citi– Buy target price 175p, have you guys adjusted that yet?) Bryce Eldercock at the FT, dimwit Harriet Denys at The Telegraph and Roger Lawson of ShareSoc dismissed Ben as saying nothing. You guys all so sure now?
"S. Brian Mukherjee, Ed Bridges at FTI, ultra-thick hackette Harriet Denys, Citi Group, Numis Securities, Richard Eaton of bullyboy lawyer Twobirds, Roger Lawson--we have beaten them all. We have beaten them all. S. Brian Mukherjee can you hear me? S. Brian Mukherjee, I have a message for you in the middle of the share price collapse. I have a message for you: We have been 100% vindicated on your POS stock. S. Brian Mukherjee, as they say in your language in the boxing bars around Madison Square Garden in New York: Your boys took a hell of a beating! Your boys took a hell of a beating." Yes blinkx (BLNX) has served up a disastrous profits warning.
ShareSoc does great work campaigning for private investors, for greater boardroom accountability and transparency. But right now with regard to blinkx (BLNX) it is ShareSoc and its deputy chairman Roger Lawson who have the questions to answer*.
Following Ben Edelman’s presentation at the UK Investor Show at the weekend, ShareSoc Deputy Chairman Roger Lawson has published a blog entitled ‘Impressions of a self-publicist, and Blinkx’. I’d concur with Doc Holiday that it is the quality of the work rather than whether the writer is perceived to be someone ‘of modesty’ or not that is of relevance.
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