I refer at the end to a podcast on the Northern Ireland census I recorded today. Honestly it is more interesting than it sounds and is HERE. I start with Malcolm's failed career as a bear and where blue chips and small caps go from here. Then onto our bombshell on Caracal Gold (GCAT) today HERE and all the other red flags and why it matters that the FCA acts on this one.

The most-read non-quiz non-Tom article this week is by Gary Newman with Asiamet Resources has been a terrible investment for me so far, but I'm still hopeful that it could reach production in the end at No 10 or No 17 including Bearcasts.

At Companies House, Iconic’s (ICON) status is now “Voluntary Arrangement” and the administrators filed their final report on 8 November 2022.  So Iconic its back under the control of its directors.

In the bitcoin, NFT, blockchain frenzy of early last year the gang of Mike Edwards, Jonathan Bixby, disgraced Peter Wall of soon to go bust Argo Blockchain (ARB), disgraced broker Andy Frangos of (has just gone bust) Pello infamy and proven liar John Story staged a number of heists, or as they termed them IPOs.

Two distinct City sources have contacted me to say that controversial broker Pello Capital, founded by "colourful" broker Andy Frangos, has gone into administration. I have contacted Pello and can reveal that it is not yet in administration but will be tonight. Smith & Williamson will be doing the last rites.

Peter Wall the CEO and interim ( for more than a year) chairman of Argo Blockchain (ARB) has been caught with his governance trousers down yet again. When will the regulators accept that Wall is a bad actor who should be ejected from the PLC stage?

Shares in Dev Clever (DEV) remain suspended as, after 11 months, the FCA is still refusing to sign off on a RTO prospectus. But that is the least of Dev’s worries, it must surely be bankrupt by now, how about its advisers, those fine fellows at Novum, cobble together an October 31 year end trading statement. Here is the maths:

Still there are fools who think that Cineworld (CINE) shares have value. They do not. This looks like a slam dunk zero after documents published late last night in the latest round US Chapter 11 hearings. What follows is an idiots guide as to why any holders should sell and anyone who wants a free Christmas bonus should add to/open a short at 6p. Here goes:

It really is an ouzo on cornflakes day. Not only has Gerry Brandon been fired but the FCA has won a legal victory in its attempts to nail the fraudsters behind Globo (GBO) an AIM listed scam I warned about, doorstepped in Athens and eventually helped bring down by publishing the dossier of my pal Gabriel Grego.

I have always taken the view that Elon Musk is a crook and that he has committed serial fraud at Tesla (TSLA). It is so 2022 that this has made him the world’s richest man. Notwithstanding that, the way he is dealing with his new toy twitter is a joy to behold, not least in the way that it is causing wailings and howlings from all corners of the liberal world, especially today as Elon has said he will sack half the workforce by the weekend. Pro tem Elon is my hero!

Joining the Standard List at 12.5p in April 2021 when it raised £5.54 million Mast Energy (MAST) has form when it comes to deceiving investors and today’s news of death spiral funding is no exception to that behaviour.

The ability of Arthur Millholland to destroy shareholder value while living the life himself is well documented over many, many years at different companies and has already played out as expected at Canadian Overseas Petroleum (COPL). What is NOT stated in today’s trading statement suggests things are going to get much worse. What is said is a desperate ramp to help with the ongoing death spiral conversion.

There has been news but no RNS. So for 24 hours there has been a false market in Cineworld  (CINE) with morons now buying the shares at c8p or higher. They are misunderstanding what has gone on in a void as Cineworld has issued no RNS statement. This is a regulatory disgrace, which again shames the FCA, but take advantage of it and short the feck out of the shares.

Those who read our devastating series of exposes on Umuthi Healthcare (UHS) will have been in now doubt that company brought to market here in London by the fraudster Queen, was a fraud.  The real scandal was that the FCA ignored all the red flags to allow a listing. At least, in the end, it gave Umuthi the boot. Umuthi appealed but that appeal was last week rejected.

I wonder how top brokers value Made.com (MADE) these days? Meanwhile back in the real world we have another nail in the coffin.

Flip flop Ben Turney used to be a (pretty good) journalist on this website exposing pump and dump CEOs who talked bullshit. What would the Ben Turney of old think of his latest antics at Kavango Resources (KAV), CEO Ben Turney of the parish of Flip Flop.  According to flip flop, as he today announced a £3 million placing at 1.8p, Kavango is “targeting the discovery of world-class mineral deposits in Botswana”. In a similar vein, thanks for subscribing to ShareProphets, your cash will allow me to continue targeting a night in the sack with Cheryl Cole. This latest placing is a shocker.

I have been an uber-bear on sub-Standard and TSXV-listed Pure Gold (PUR and TXSV:PGM) ever since first writing about it in April of this year – and that from a Gold-bull. This morning we had news that has me racing for the Ouzo cupboard for my breakfast.

Time and time again I warned on this website that Appbox Media and OneTrueView were boiler room scams. In all £65 million was stolen from investors who have lost everything. I did contact the FCA about this matter and in May this year, Mark Steward Executive Director, Enforcement and Market Oversight finally replied. He washed his hands of the matter which is good news for the chaps involved as they are at it again! Maybe they can take the total stealings to £100 million while the FCA sleeps.

Even the Mrs was laughing this morning as I reminded her of how investors in Quindell and a couple of other frauds I exposed lined up to crowd fund Aiden Earley as he tried (twice) to injunct me and force me to take articles down. We defied the threats  and those articles remain up to this day on this brave and courageous website and the trove of documents I dared to publish were all passed on to the FCA. The FCA has now charged Earley, his brother and 3 others, the Worthington 5, and they appeared in Court yesterday. As I scuttle off for a celebratory ouzo here is what the FCA states:

I have written to both AIM Regulation and the FCA asking them to explain why Verditek (VDTK), the solar panels company chaired by Tory toff Lord David Willetts, has not – again- committed fraud. Surely there must be consequences or do the regulators think that crime should pay?

I explain what the other is and why I deserve a glass of the nectar of the God's later. It is all to do with Deepverge (DVRG) and the vindication of yesterday's scoop. I also explain for BB Moron Stuart Little why breaking the news of the placing was not only not illegal but was a real public service by me and also why I shall be writing to the FCA later asking for it to investigate placings by Turner Pope and Turner Pope's clients. Ben and James, a.k.a. the Mitchell Brothers, that letter is not "market speculation" it is fact you dimwitted bellends. Then it is onto Argo Blockchain (ARB), Vast Resources (VAST) and to Wildcat Petroleum (WCAT).

After my earlier note on the howlers in the Supply@ME Capital (SYME) Prospectus signed off by the poltroons at the FCA, I can now reveal that there are even more compliance related blunders in the Prospectus.

The FCA must approve any prospectus for the Standard List and it has approved that for the fraud Supply@ME Capital (SYME) so allowing it to issue more of its worthless shares. At a proper regulator heads would roll for these massive blunders.

Alpha Growth (ALGW) published its piss poor results for the six months ended 30 June 2022 today which showed a loss before tax of £454,635.  The shares were off 7% at the time of writing this article which values the group at £11 million a multiple of almost 4 times net assets.  This looks high compared to say Legal & General (LGEN) which runs asset management and insurance operations with longevity exposure which trades at a multiple of just over 1 times net assets, has massive scale and pays dividends. Alpha is less likely to join the dividend list than, well, Cheryl Cole and you know what

There is terrible and there is really terrible. And half calendar year results from the fraud Supply@ME Capital (SYME) are even worse than really terrible. This company is technically insolvent. Bust. Bankrupt. A dead corporate parrot.

A good portion of the business of Jarvis Securities (JIM) is providing the back office and custiodial functions for small brokers which don't have the scale to do this for themselves. Clients include the disgraced Pello. It seems that a number of such firms have been onboarding the sort of clients who engage in certain practices which the FCA might frown on. And thus the FCA has forced Jarvis to halt all Model B clients from taking on new clients while a hugely expensive external consultant establishes what has been going on and what remedial action needs to be taken. Thanks to Winnileaks, the letter Jarvis sent is below.

The FCA has confirmed to me that it is looking into whether Paul Griffiths, the chairman of Predator Oil & Gas (PRD) is guilty of insider dealing.  If so it would be the second time in two years that a Predator director has behaved in this way. In the paid for interview below, Griffiths hit back but not by addressing or denying the allegations. Gosh this man is vile and menacing.

The FCA has warned a potential purchaser of fund administrator, Link, that it must provide up to £306 million to pay fines for Link’s Woodford blunders. Some of this may go to the victims of Neil Woodford. But there are likely to be other measures handed out by the chocolate teapots.

I contacted the FCA yesterday asking how on earth it signed off on the prospectus for Standard Listed Zamaz (ZAMZ) last week. As a recap, colourful Dominic White of the fraud Supply@ME Capital (SYME) infamy will make a guaranteed Bernie on day one and for sub £100,000 gets to own 41% of the equity. There is sod all free float. The IPO valued this crock at £77 million but it is in reality worth net cash raised (£2 million) and £125,000 for the underlying business (max) as I explained HERE.

I start with a few logistics on Sharestock, the opt in for booking supper with my family and how you have just 60 hours to book a seat HERE. Then onto Parsley Box (MEAL) and the sex pest I exposed last week HERE before contacting the company., Cineworld (CINE), Avacta (AVCT), Zamaz (ZAMZ) and the useless FCA and the related party or not shenanigans at Alien Metals (UFO) and its Nomad (London's worst) Roland "Fatty" Cornish.

When someone eventually does something about the FCA, the £77 million IPO of Zamaz (ZAMZ) on the Standard List with a prospectus signed off by the FCA will be a case study in its shocking ineptitude and inability to tackle bad actors.

I end with some logistics on Sharestock, booking for supper, tickets etc - we are now looking at almost 80 seats on the lawn. If you want to book yours please do so this weekend so I can sort out catering etc HERE. I start with economics lessons for the NHS and greedy and lazy Shipmans, then onto Cineworld (CINE), then thanks to Evil Banksta, what is an RCF and musicMagpie (MMAG). Finally today's new issue Zamaz (ZAMZ) a £77 million IPO worth, £350,000. This is a true shocker. What is the FCA thinking about in permitting this to list on the Standard List?

I hope this is fairly self-explanatory and that the regulators will launch a swift enquiry if only to show that on the world’s most successful growth market, nothing so tawdry has occurred at that hotbed of scholars and gentlemen that is Tern PLC (TERN) 

These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom non Darren article is “Orcadian Energy is seeking to develop its Pilot oil field at just the right time and has a chance to succeed despite the Capex – speculative buy” by Gary Newman at number 5 or number 12 if you include Bearcasts.

You might think that disgraced fund manager Neil Woodford and his business partner Craig Newman would want to lie low with their ill gotten tens of millions until the FCA enquiry into them was concluded. But perhaps you cannot keep a good man down.

Yesterday I asked HERE if I should report Bell, the marmite boss of Red Rock Resources (RRR) to the FCA for selective disclosure of ( very good) news. Bell says he is an innocent man and explains why below. Do you believe him? Over to Mr Bell, Prisoner Number CB9298 says:

If Steve Holdsworth has not passed away as I was told I hope he enjoys what I have to say about him. If he has that is my greatest loss today although I do also discuss Optibiotix (OPTI) and Skinbiotherapeutics (SBTX) in detail, the two battering the value of my pension fund. I won't push Steve O' Hara in the River at Sharestock but if he brings his chairman I'd be tempted. Grilling O'Hara in person over a Wrexham lager is surely another reason for you to book HERE. The number of seats now needed: 74. Join the crowd on September 10. I discuss Red Rock Resources (RRR), Allied Minds (ALM), Canadian Overseas Petroleum (COPL) and, on behalf of a convalescing Nigel Somerville, Haydale Graphene (HAYD). 

These chaps are two pillars of the establishment. Gent has been CEO of Vodafone (VOD) and Chairman of GSK (GSK). Clarke has been running companies including Majestic Wine since he stopped being a CSFB bankster in the early nineties. And he went to Rugby and Oxford so is a true scholar and a gentleman. Okay, Eales is a relative oik.

A spokesman for Ironveld Resources (IRON) denied to me yesterday that sitting on price sensitive information for at least 6 weeks during which time the share price slumped by 30% as some folks “miraculously” knew the bad news, is not doing anything wrong. “The company does not believe that it has done anything wrong”. Neither do 90% of the inmates of Wormwood Scrubs. Whatever you say Giles Clarke and Martin Eales.

Undertaking an analysis of Supply@ME Capital’s (SYME) share register is made much simpler by the use of the platform Simply Wall St.  This is an online app which is free to use for a limited number of companies.  You can obtain the following summary for the apparent current shareholders in Supply derived from public sources by Simply Wall St.  The summary analysis prepared is set out below.

The financial adviser to Predator Oil & Gas (PRD), Peterhouse Capital has already resigned because of the share dealings by Mr Griffiths and it may well have contacted the FCA – as the regulator ( no sniggering at the back) of the Standard List and the guardian against financial crime ( STOP sniggering!) about the matter. Just in case it has not, I have written today.

Today Predator Oil & Gas (PRD) has raised £3.3 million in a placing at 5.5p. This stinks and begs massive questions about share dealings by chairman Paul Griffiths. The FCA and regulators should be all over it.

It has been suggested to me that my criticism of Zak Mir’s Lift Global Ventures (LFT) is driven by jealousy in that The Sith Lord is clearly coining it in.  Au contraire. It is because everything about this stinks. And if the FCA and Aquis Regulation were not so utterly useless they would be all over this. Let me explain why.

The whisteblower tells truly salacious stories - I shall speak to them at length, later. I discuss FinnCap (FCAP), the fraud Supply@ME Capital (SYME), IQE (IQE), the chocolate teapots at the FCA, and MGC Pharmaceuticals (MXC). Gotcha!

I have written to the FCA, which is the regulator - no sniggering at the back, please - of companies on the (sub) Standard List, like the fraud, Supply@ME Capital (SYME). A statement is now overdue, for clarification of whether or not its boss, Alessandro Zamboni, has covertly dumped shares.

Toople (TOOP) has always been a dog with fleas and anyone owning the shares, down another 28% today to 0.021p has only themselves to blame – the loss since launch is now 99.75%.  But today’s statement seems to contain an admission of an obvious and monstrous lie told in an RNS before Christmas. Is low life adviser Novum happy with its clients lying to investors? I suspect it doesn't care as long as it is paid but I'd hope that the FCA would care.

We're halfway through the year, and that gives us a little time to reflect back on the most-listened-to Bearcasts of this past six months. 

The shameless ramper is at it again. Yesterday, the boss of Predator Oil & Gas (PRD) unleashed a Twitter volley, as shown below. The last tweet is, arguably, the sort of material that should be left for an RNS. This is a massive red flag, especially when Lonny is actively deceiving. I underline one tweet that is simply not true.

A year after its shares were suspended, South African fraud, Umuthi (UHS), has been booted off the Standard List. The regulator is rather coy as to why - perhaps due to its own incompetence in ever admitting this POS.

As a long-term bear, yesterday’s interims only confirmed my belief that Asimilar (ASLR) will collapse. Emailed questions go unanswered, so perhaps readers can assist.

Supporters argued that incompliance with listing rules was of no great import and, as the FCA agreed, perhaps they were right. Hopefully, you did not fall for that and bailed, at 115p, on my warning last August. Shares in this Optiva-promoted dog’s breakfast are now 35p. It is not what is said today, but what isn't.

The company headquartered on a grim Staffordshire estate, which claims to be a global player, is in all sorts of trouble. Its shares remain suspended, as the FCA refuses to sign off on the prospectus for a deal announced on 12 April 2021. Meanwhile, where are the (undoubtedly piss poor) numbers for the year to October 31 2021? To them, first.

These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is Following its joint venture with Anglo American, Arc Minerals has the potential to reach production – speculative buy by Gary Newman at number one or number 4 if you include Bearcasts.

It is just two days until Rogue Bloggers, and we have raised more than £20,000 (with gift aid). Let's try and reach £25,000. I discuss rain, nettles and the inevitable pain on Saturday. Please donate, HERE. Then, the twit of the day contest: Boris v Harry of Kefi (KEFI) v Mark Steward, who has disgraced himself on Genflow (GENF).  I then discuss Nostra Terra (NTOG) (praise be the lord), with a target price of 0p; the fraud, Supply@ME Capital (SYME); another Steward screw-up; and ITM Power (ITM).

Last week, I exposed how Standard Listed company, Genflow (GENF), was created by a convicted pump-and-dump fraudster, currently facing an 85-year prison sentence. He and his “known associate”, Mr Adrian Beeston, supposedly own 20% of the equity, for which they paid peanuts.  That alone should trigger an FCA enquiry, but it gets worse.

These are the most-read articles and most listened-to Bearcasts of the week. The actual most-read non Tom article is by me, last week’s pub quiz. The most read non-Tom, non-quiz article is Busy Thursday – BT Group, Johnson Matthey and Auto Trader by Chris Bailey at a non-leaderboard Number 17 or Number 23 if you include Bearcasts.

After yesterday’s bombshell, HERE, the FCA must suspend trading in Genflow (GENF) shares. My letter is below.

I suppose the criminal pump and dumper Ron Bauer might argue that it is he who has suffered reputational damage from dealing with Gavin Burnell of Globo (GBO) fraud infamy but a shocking new document has now come to light which begs massive questions for Burnell, Matt Lofgran of Nostra Terra (NTOG) and indeed of the FCA.

This is a major scandal - one that will create massive embarrassment for those operating in the depths of the AIM, Aquis and Standard List sewers. And for Matt Lofgran of Nostra Terra (NTOG), his buddy, Gavin Burnell of the Globo (GBO) fraud, and Novum infamy, it poses a major question of what they knew and when.

Oh dear, oh dear; we really must be in a bear market. Last, July Petro Matad (MATD) raised $10 million, at 3.5p…

Yesterday, Amigo (AMGO) announced that the High Court had approved its revised business scheme. Since the FCA had withdrawn its opposition, that was no surprise at all. Seeing the shares fly to 9p was also no great shock, given the utterly insane ramping by Bulletin Board Morons. But the shares are now back at 7.5p, and are a fabulous short.

Lucian Miers’ (the bear raider) top three UK short positions are:

The comedy shit show from the liars and fraudsters at Chill Brands (CHLL) continues. Well, I guess that it is not so funny if you paid 110p last year to see new shares offered at 2p but then folks cannot say that they were not warned by my good self well over 200 times! In today’s instalment of beer and popcorn we discover…

If the FCA was not so bloody useless it would have closed down Alexander David Securities Limited (ADSL) for acting for overt frauds such as US Oil & Gas (USOP), helping them to con investors and raise money which they will never see again.  But no.. the FCA waited to act until June 29 2020 and it was not ADSL’s own crimes that landed it in the soup.

How investors wish that the FCA had dealt with my previous letters as a responsible regulator of the Standard List would have done. But it did not, and thus, earlier this week, the fraud, Chill Brands (CHLL), announced a bailout placing at just 2p. Unfortunately, it is clear that on a number of grounds, investors were deceived ahead of that fundraise. I have written to the FCA.

You read about a new “Capital Enhancement Plan”, and it sounds like good news. But no. This is Orwell speak, and it is, in fact, a series of disastrous announcements from the fraud, Supply@ME Capital (SYME). Even Helen Keller and Ray Charles can see the writing on this wall - although, natch, some posters on the LSE Asylum still know better.

In my previous article, “Alpha Growth – accounts deadline confusion”, I highlighted that Gobind Sahney, Executive Chairman of Alpha (ALGW), seemed a little confused over the deadline date to report its year-end results.  Well today, via RNS, Alpha announced that:

These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom non Darren story is Takeovers and the (boring) worlds of BT Group and Vodafone by Chris Bailey at Number 8 or Number 14 if you include Bearcasts.

I have written once again to the FCA, as the regulator of the Standard List, urging it to act against Canadian Overseas Petroleum (COPL) as it struggles to get its 20p-a-share bailout placing away, despite misleading investors.  My letter is below:

Initially, I felt sorry for Maureen when I received an email from her last night. She had just stumbled on my work on Appbox Media, One True View and Eden Pharma. She says that she has everything invested in this trio, and she was “shocked” by what I had written – is she going to lose everything?

Whiffy investment company, Asimilar (ASLR), has engaged in numerous Spanish practices, exposed on this website. Anyone owning its shares will, one day, need to lube up and take what is coming to them - it is just a matter of when. Could that time be dawning; could the house of cards be about to collapse?

This is both hilarious and libellous. What Canadian (COPL) has said about me is untrue and defamatory, as its limp-dick advisors at PR Yellow Jersey know full well. However, it is what Canadian fails (again) to say that is critical. It is still deceiving its investors massively, and, thus, the smart money will use the spike it has created to add to its shorts.

The purpose of an RNS is to inform investors, not to deceive and mislead them. But that is exactly what Canadian Overseas Petroleum  (COPL) did last Friday, when it published results for calendar 2021.  On the RNS, we were treated to an abridged version, which read positively.  I can imagine why folks rushed to buy. But…

Maths test – complete the sequence: 0.204, 0.135, 0.12, 0.11407, 0.10, 0.056, x – what is x for Supply (SYME)?

Over the past few weeks a chap called Greg Smith and his side kick Jeremy Read have been schmoozing folks in London and Paris to raise $7 million for a company called Latin America Resources. There is a glossy investor deck which I have talking about gushing oil production in the Atzam field in Guatemala and some folks may have been tempted.  I suggest that investing in this company without knowing the REAL 20 year back story is financial suicide. 

The Mercator death spiral, can be repaid in cash or at Supply@ME Capital’s (SYME) option by being swapped into a convertible loan note.  The total repayable is now £7.7 million repayable in 12 monthly instalments from inception.  To date Supply has made 3 full repayments and one partial repayment as set out below:

This is awful. After a number of communications between myself and the FCA, the regulator of the Standard List, the fraud Chill Brands (CHLL) has been forced to come clean on its related party “loan”. And the truth is awful. Chill now admits that nearly all of its H1 sales were in fact booked to a key shareholder which has not paid for the product bought. This is a pig and pork fraud as I suggested in THIS podcast sent to the FCA the other day. 

The FCA has today indicated that it will not object to the proposed recapitalization and customer redress package proposed by loan shark Amigo (AMGO) but there are a few horrid caveats and a doubling of the share price to 6p is quite literally insane making this a slam dunk short. Here’s why.

On Saturday I explained in great detail why the $1million loan made by Chill Brands (CHLL) to Ox Distribution has almost certainly been recycled as revenue which makes this a classic pig and pork style fraud. But even if it is not a pig and pork it still breaches the rules and here is why.

With Chill Brands (CHLL) the only question is when the end game is played out. In this podcast I discuss the nature of fraud and suggest how it is possible that the company is a 100/100 fraud on the spectrum of crime becuase it may have committed a pig and pork type fraud for c£1 million. This podcast has gone to Mark Steward and his team at the FCA asking that it makes an urgent enquiry and if the answer is yes it is suspension and game over. If the FCA is as useless as ever the auditors will cry fowl in the summer and it is game over then.  But i am 99% sure that this is a pig and pork and I believe the smoking gun is there for all to see. 

I last wrote to the FCA as regulator, no sniggering at the back, of the Standard List, about the almost insolvent fraud that is Chill Brands (CHLL) on 31 January, just five weeks ago when for a second time I flagged up how it was deceiving investors with sales announcements that are bogus. Npw it is a 3^rd strike on this count and the FCA needs to suspend trading in Chill shares pending an enquiry and sanctions against its management team and advisers Allenby. I have gone to the head of enforcement Mark Steward with the letter below.

Oh dear. Oh dear. Oh dear. Just when you thought things could not get any worse for the fraud Chill Brands (CHLL) they have. A trading statement signed off by adviser Allenby is a total shocker and exposes more deception by a company heading rapidly towards insolvency. Surely the FCA must, this time, act? If it does it is a quick death. If it does not the cashcrisis means it is still a fairly quick death.

On 15 February 2021, the administrators of High Street Grp filed its statement of Joint Administrators Proposals. I hope that the FCA which ignored our numerous warnings on what could be the largest mini bond scandal ever, a more than £200 million black hole, feels truly ashamed about what we discovered.

These are the most-read articles and most listened-to Bearcasts of the week. The most-read article non-Tom article is Postcard From Montana As Gold Blasts Higher and Putin Blasts Ukraine by Nigel Somerville at number six or number 11 including Bearcasts.

Yes it is Mrs Darren Winters and I’d send the snake oil salesman to the salt mines of Rotherham too.  I have spoken to a £35,000 victim this morning and this really is a stain on UK financial services that I hope the FCA will finally act on after 25 years of doing nothing. I explain why I hope they might.

Yesterday I suggested that Paul Smith, the now ex CEO of Morses Club (MCL), was slam dunk guilty of insider dealing and that the FCA should cuff him at once, a matter most of the nationals have picked up on today. But there is one reason why the FCA might not want to throw the book at the hapless rogue Smith as you can see below.

You may remember that Julie “Lingerie on expenses” Meyer MBE tried to wriggle out of paying £200,000 to lawyer Julian Pike of Farrer & Co who she had engaged,inter alia,to troll and harass myself and whistleblower John Galt. She lost the case against Farrer but appealed.She has lost again.The judgment of Mr Justice Kerr is below and is a joy to read.Ouzos all round tonight!!!

Today Morses Club (MCL) served up a horrible profits warning and announced that its CEO Paul Smith was leaving with immediate effect.  The shares have crashed by 26p to just 15.95p. But last last week one lucky trader dumped 464,119 shares at 42.65p almost his entire holding. That lucky trader was Paul Smith. If this is not insider dealing I am a banana. Here is the timeline and why the FCA MUST feel Smith’s collar asap.

The  Transparency task Force, very closely related to my pals at the All Party Parliamentary Group on Personal Banking and Fairer Financial Services has a call to arms about a new scandal, another billion pound failure by the FCA.

Do you remember all the abuse that this site and I got when publishing the 60 red flags dossier on Chill Brands (CHLL), Zoetic as was, exactly one year and one day ago? I was part of a short selling cabal, the FCA would have my testicles roasted on a fire by the weekend, I did not know what I was talking about, etc, etc, etc. The shares were them 76p mid. Today they are 7.625p mid. – a near as damn it 90% fall. The next 90% fall will be far quicker and it could be far greater.

Since the Standard List is regulated – no sniggering at the back –  by the wretched FCA, lying to investors about the nature of a transaction is probably not considered to be a problem. Here is a deception and rule breach served up by the soon to be insolvent fraud Chill Brands (CHLL) on December 20 2021.

The real issue with the fraud Chill Brands (CHLL) is that it could run out of cash within two weeks. It is teetering on the verge of insolvency: the FCA IS NOW looking closely at interims from last week which imply that THREE trading statements in 2021 announced, what are now, clearly bogus sales and meanwhile its main ramper, the lying rule breaking John Story who said the shares would go to £25 is bailing as fast as he can. Today we have news from Spreadex.

Do you remember when Gulf Keystone (GKP) was the darling of the Bulletin Board Morons?  Its market cap surged to £1 billion as its lying charlatan of a founder and CEO Tod Kozel claimed it had reserves greater than Shell.  The self described “Tod Squad” of Bulletin Board worshippers insisted that folks like myself, Lucian and Was Shakoor who called out Tod’s bogus claims and the insane valuation were being reported to the FCA and would go to jail. Oh what sweet irony…

Shares in Chill Brands (CHLL) were 76p when I published that 60 red flag dossier last February – they are today at just 9.25p, the lowest since July 2020. They are falling sharply again today on the back of Friday’s interims which showed sales in the six months to September 30 which were only about half the level of sales already announced in three separate RNS statements covering the same period. I have again written to the FCA.

I start with the Carrie Antoinette “victory party” a few weeks after my dad’s funeral.This is the final straw at so many levels. Then I move onto news that the FCA staff are balloting on strike action over plans to scrap their bonuses. Then to lessons learned from the Novacyt (NCYT) scandal – where I did warn you! The chief lesson is that poor corporate governance often goes hand in hand with poor share price performance. I discuss ADVFN (AFN) in this vein.

These are the most-read articles and most listened-to Bearcasts of the week. The most-read non-Tom is Eurasia Mining: It’s Time to Fess Up and Tell the Truth SP Angel! by Evil Banksta at Number 8 ornumber 15 including bearcasts.

In light of interims today from Standard Listed Chill Brands (CHLL) which show clearly that the company has lied to investors in inventing bogus sales which it then announced via RNS, I have written to the FCA which is the regulator – no sniggering at the back – of the Standard List. Surely announcing bogus sales  cannot be acceptable?

The incestous joke that is Aquis listed NFT Investments (NFT) took another turn today with a related party deal with Pluto Digital, featuring a cast of scampsters including John Story, Andy Frangos, founder of disgraced broker Pello, serial promoter Jonathan Bixby and his brother in law, Peter Wall of Argo Blockchain (ARB).  Did you not know that Bixby and Wall were related by marriage? Small world innit?

In a world where anyone gave a rat’s arse about the rules, ADM Energy (ADME) CEO Osamede Okhomina would already be doing a stretch for his offer to buy shares at 7p made last August after a conference call at which all participants were told by ADM’s chairman Oliver Andrews that they were insiders. I exposed that HERE but it seems nothing is happening. But now a more serious breach appears to have taken place.

Those guys at ShareSoc are so far ahead of the curve are they not?  Look at the date on a letter sent to the FCA today regarding the disgraceful goings on at Edge VCT.  Prescient or what? Anyhow we see eye to eye with ShareSoc on this matter and urge the FCA to stop jerking off on ESG porn and to intervene.  The letter follows below. 

A couple of years ago we exposed how SP Angel had been ramping the arse off Bluejay Mining (JAY) with ludicrous price targets while secretly dumping its entire holding at a fraction of the stated target. In other words it was selling its shares to the same folks who wanted to buy because of its ramping. SP Angel should have lost its license from the FCA then and the regulators should have been pressing charges against the individuals involved. The regulators did nowt and now we come to Union Jack Oil (UJO).

In today’s podcast I look at Vast Resources (VAST) and why you should read an RNS closely and at Supply@ME Capital (SYME) as I get my dates confused and so, it seems, does it. I consider Eurasia Mining (EUA) – surely a statement needed. I look at Skinbiotherapeutics (SBTX) and at Amigo (AMGO) where surely even Evil must concede defeat at the hands of the FCA on whose side I am on, in this matter at least.

I start with Lyin’ Chris, a fraudster whose work at African Potash I exposed on these pages. Now thanks to the FCA being useless he is President of a $3.7 billion US listed company which will, I’m sure,end in tears. Well done the FCA. Then onto why failings in corporate governance lead to shareholders getting stiffed with reference to Edge VCT but more to today’s shocking new exposes on Sarah Willingham and Nightcap (NGHT)

Yet again I write to the FCA the regulator, no sniggering at the back, of the Standard List about Wildcat Petroleum (WCAT), a company which lied in its first ever RNS, on 30 December 2020, and is still at it. At some stage, surely, the FCA must act to protect the integrity of the market. Is that more sniggering I hear at the back?

I record from the Welsh Hovel which is once again a building site. Excuse any background noise. I look at Wildcat Petroleum (WCAT) and its uncorrected and untrue 4 October RNS. Then at the fraud Chill Brands (CHLL). In both cases the regulator, the hapless FCA, should be acting right now. Then it is onto Cineworld (CINE) and, with the graphic below – hat tip EB. I explain why its trading statement is so deceptive and why the shares are still a sell. Finally a few words on Optibiotix (OPTI) & Skinbiotherapeutics (SBTX) and today’s confirmation of what a good journalist I am. What does it mean for both stocks?

Yesterday, in bearcast, I explained  in detail why the Chill Brands (CHLL) website is misleading with regard to major shareholders and why the proven liar John Story must have reduced his interest but has not filed a TR1.  Sadly, there appears to be no corrective RNS so I have written to Nick Harriss of Allenby Capital, Chill’s retained adviser, suggesting that if he has a shred of integrity he will correct the situation. I cc in the FCA

It was, of course, John Story who engaged with Seth Freedman, causing the harassment of myself, Gary, Peter, and a poor PR girl some months ago. We know he is a proven liar and also a rule breaker. So has he been dumping shares in Chill Brands and not telling anyone via TR1? You bet. And I prove it in this podcast. I also suggest what Chill, its shamed advisers Nick Harris of Allenby, and arsehole journalist smearer Henry Harrison-Topham of Buchanan as well as the FCA need to do about this mess.

The top non-Tom article this week is JKX Oil and Gas offers an almost guaranteed 12% return for anyone taking a position now by Gary Newman at number four or number 10 if you include the Bearcasts. 

The FCA has forgotten that its job is to protect consumers and fight crime rather than issuing woke papers on ESG issues which win rave reviews at the Guardian. SEC chairman Gary Gensler has not forgotten. In a big speech on Thursday he tells it as it is. Gary said:

In today’s Bearcast, I ask how much would you be prepared to do to break LSE Rules to stop your company’s share price from crashing – ref Chill Brands (CHLL). I look at Versarien (VRS) and its latest spoof and the track record of it spunking your cash via Innovate UK grants. But the meat here is on HK360 Limited Brian Basham, Net Zero Infratructure (NZI), the FCA and what appears to be amassive failure of corporate governance, as outlined HERE

I start with letters I have or will be writing to two regulators. One is about a thief and a liar in Dublin and I explain why the Central Bank really should act but possibly will not.  The other is about a company on the Standard List exposed HERE today and I urge the FCA to take immediate action. Then I discuss the inevitability of higher interest rates. How will you cope?

Friday saw the publication of Alpha’s (ALGW) second interim results albeit no Prospectus has yet appeared on the FCA register of Prospectus almost 8 months after the placing occurred.  I show below why the results need to be restated dramatically. 

You will remember the advert, the one that sexualises a seven year old boy as he dresses up in his mum’s clothes and makeup and proceeds to trash her house. Agency Adam & Eve/DDB thought the advert edgy and, according to Pink News which says that only bigots can object to the ad: “the playful ad speaks to every gender non-conforming adult who was once a child sneaking into their parents’ closet. The traditionally “small c” conservative  customer base of John Lewis was probably not impressed and this will only have added to the woes of the loss making chain.But now the FCA has waded in and John Lewis has had to pull the ad.

I recorded a video last night for the All Party Parliamentary Group on Personal Banking and Fairer Financial Services about why the FCA is not fit for purpose. A bit like nearly all MPs really. Anyhow it is a zinger and I will post a link when it is up. I wonder how many of the Bulletin Board morons who troll and mock me are invited to give such evidence?  I think we know the anseer to that. One of the areas I covered was the failure of the FCA to heed explicit warnings from myself about a string of mini bond firms that have subsequently headed West. The last of more than half a dozen I warned the regulators about which is still standing is The High Street Group Limited. But I can now reveal more clear signs that the Fat Lady will be entering that building soon.

We know from the RNS of 6 July 2021 that the fraud Supply@ME Capital (SYME) valued the loss making, sub-scale, asset manager Tradeflow Capital at approximately £31 million and that approximately £7 million was paid upfront (£4 million in cash and £3 million in shares) which leaves approximately £24 million to be paid assuming that Tradeflow hits its revenue targets.

I have again written to the FCA as it is meant to be the regulator, no sniggering at the back please, of the Sub Standard list on which the fraud Chill Brands (CHLL) is listed. The company said that it was going to publish quarterly sales updates.  It has not for the three months to September 30 and as the interims will, in due course show, that is because quarterly sales were sod all.  Thus, having claimed that it was profitable the company is sitting on a profits warning. That is a breach of market rules.  The letter follows.

I exposed the fraud that is Standard Listed Umuthi Healthcare (UHS) in a devastating series of articles HERE.  The FCA has the shares suspended but, perhaps because of its own grotesque bungling detailed HERE, has yet to admit there is a problem. Perhaps now that arrests have started in South Africa that might change.

So far you have met the fraudster Queen, the other South Africans on the board who are mired in this fraud and an enabler, broker Pello and its boss Andy Frangos who are also deeply implicated in the Umuthi (UHS) bezzle. Now to the useful idiot, the patsy Brit on the board. A man in denial….for  three grand a month, the man grinning at you below,Mr Colin Bloom. 

After sending a prospectus for FCA approval again and again since 2017,  Umuthi Healthcare Solutions (UHS) finally got approval on the 24^th attempt and on 4^th March this year, its shares joined the Standard List. Six days after listing, its auditors quit, joining two legal advisory firms who had already resigned in the previous 12 months. The shares were suspended and then trading restored on 25^th May. They were again suspended on 10^th June and look set to never come back as this is the most scandalous of frauds as I shall explain with a series of shocking exposes over the next 48 hours.

I have, this morning, written to the FCA asking it to explain its failure to act on specific information provided to it on January 29 2021 about fraudulent accounting at Supply@ME Capital (SYME). Its failure to act meant that investors were deceived. This failure is one of so many and demonstrates just how useless the FCA has become. It went to the same folks in Market Integrity, including boss Mark Steward, who received the January 29 missive and acknowledged its receipt. It reads:

If I run a company surely I get to decide where I operate as long as I am operating legally? Surely that is how capitalism works? You do not get the State telling a retailer, hotelier or restaurant chain owner that it must keep a given outlet open even if it is losing money so why the hell is the FCA trying to do just that with banks?

Yesterday I flagged up the IPO of Central Copper Resources, a company set to list on the AIM sewer this week. There are numerous reasons why it should not and I have today written to AIM Regulation and broker Brandon Hill asking the former to intervene and putting the latter on notice

Silence remains on whether the CEO of the fraud Supply@ME Capital (SYME), Alessandro Zamboni has covertly sold all his shares. If I was him I would because, as I shall demonstrate below, its business model just cannot work. Forgive the deep drill on accounting but if you follow my lead you will see more evidence that Supply has misled investors and is a zero.

You may remember the Equities First Holdings (EFH) scandal which we did so much to expose? Fine chaps like the fraudster Rob Terry of Quindell (QPP) would take out a loan at a big discount to the value of shares pledged. They did not care as they knew the shares were way overvalued. The “lender,” EFH, would dump the stock at once so locking in a profit and when the shares fell a bit more the borrower would default. Easy! How to dump your entire holding in a worthless company while saying you were not. A document filed at Companies House, below, but natch not admitted to via RNS suggests the CEO of the fraud Supply@ME Capital Alessandro Zamboni has (again) been reading the Rob Terry playbook.

The FCA should have thrown the book at Standard Listed Zoetic (ZOE) when – with the shares at 76p on February 3 2021 – I passed it this damning dossier. It did not and Zoetic and its bent band of advisers, led by the journalist-smearing mother Henry Harrison Topham of Buchanan, have taken this inaction as a cue to breach the disclosure rules in the most blatant way knowing that the FCA are toothless woke dullards. With the shares at just 43p to sell (and 43p overvalued), I have written to the FCA asking that it act on the latest rule breaches with, at the very least, a public censure.

On its website, The High Street continues to claim it is worth £1.5 billion currently and will be worth £3 billion by 2023. So, it was curious to see that on 8 July 2021, the High Street Group Plc filed a termination notice for Joanne Bell dated 18 June 2021.

If the FCA was not staffed by such useless mothers, it would have forced Wildcat Petroleum (WCAT) to issue a brand new prospectus just 6 weeks after its December 30 2020 listing as it announced a whole new business strategy. But the FCA is not fit for purpose so it will, I expect, ignore black and white evidence that the very first RNS issued by Wildcat was a whopper of a porky. On the (sub) Standard List who cares?

The most read non-Tom  article is NMCN – refinancing discussions to address “working capital”. Really?… by Steve Moore at number four, or number seven including Bearcasts and Tom’s new shareshow. Which one is the best of the week? Tell me in the comments.

It has always amazed me how the paper that purports to be the voice of business has, on so many issues taken a profoundly anti-business line.  The FT told us to vote for Blair, to join the EMU and the Euro and to oppose Brexit. Natch it is all in favour of a radical green agenda even if it cripples business in the West. And it cannot get enough of the sort of ESG porn that the FCA also jerks off on every day. Today it bigs up a story about the FTSE Russell Index threatening 208 companies with expulsion. According to the FT:

In today’s podcast, I start with a few thoughts on the finances of retirement, then the G7 tax ruling and what it means for the future of God’s chosen lands of Northern Ireland. And then there is the demise of Iconic (ICON): why I welcome it, what it tells us about investor behaviour and why it is yet another fail for the woke dullards at the FCA.

So much for the spike in Amigo (AMGO) shares yesterday in the belief that the Court would agree to its plans to pay customers it had ripped off only very partial compensation. The FCA opposed the scheme since it sees those ripped off getting only partial redress while equity holders keep the rest of the cash stolen by Amigo. And the Court, it emerged this morning, agrees with the FCA and myself and Justice Mills slates Amigo. As for foul mouthed bear raider Evil Knievil…

As his loyal butler presents a plate of a fresh kipper, rushed by the overnight train from Arbroath, in front of Tory Toff David Willetts this morning, his Lordship must be pondering seriously whether Verditek (VDTK), the company he chairs, is, itself, at serious risk of becoming a dead herring. The company has survived since its 2017 IPO by generating not a cent of revenue but by announcing numerous contracts to ramp the shares ahead of bailout placings only to admit later that the contracts have come to nowt. But what now?

I am not sure if the Takeover Panel boasts about how many birds it has promoted to its executive team whether they have been flagged up as manifestly incompetent or not, but in the matter of Eurasia Mining (EUA) it has shown itself to be as useless as the FCA, if not even more useless. Let me explain.

At 3.09 PM yesterday, 9^th March 2021,  after five weeks of making enquiries into the £180 million fraud that is Supply@ME Capital (SYME), the – already under fire –  FCA allowed a resumption in trading of Supply shares.  It did not have to. It should not have done so and when Supply goes bust the letter below, to the Director of Enforcement, no sniggering at the back please, Mr Mark Steward should be on record as further evidence of how the regulator, again no sniggering at the back, is just not fit for purpose.

Well you heard it here first. Actually you did not.As you can see below this report comes from an impeccable source: twitter where Jack Dorsey et al ALWAYS act to censor fake news so you can rely on twitter to give you the truth. Perhaps that is why 26 folks liked this tweet and 1 has retweeted it. Sadly for those 28 losers ( the author, RT and likes) this is demonstrable fantasy.

I have already dealt with the imminent demise of its sister company, One True View, where a sham £186 million bid evaporated and where the end is nigh. Now to Appbox Media, the first company set up by Polat Hassan as part of his City boiler room operation which has stolen £30m from naïve investors. The FCA was warned by me as long ago as November 2019 but natch has done nowt.

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

We know that the fraud Supply@ME Capital (SYME) is not great on accounting matters, given the three attempts to account for the £224 million deemed cost of the reverse takeover which has now been accounted for as an asset in the balance sheet, then written off to the income statement and now charged to the statement of changes in equity as I outlined on these pages and also the two changes of year end which led to its suspension. I note that it is still in the process of appointing a Chief Financial Officer. A Chief Financial Officer is clearly needed when you look back across the results published by Supply and the apparent inconsistencies as detailed below. Yes here are more red flags for Zak Mir and other morons to ignore. 

Lucy Burton of the Sunday Telegraph will this morning be celebrating her scoop of the year. It may win her prizes such is the corruption of modern journalism. In a faustian deal she gets to break the news that disgraced and crooked fund manager Neil Woodford is planning a comeback. In return she publishes a blow off interview in which Woodford paints himself as the victim of what happened, tells blatent lies and those lies go unchallenged. This is not journalism it is revolting PR ands Ms Burton should be drummed out of the industry. She won’t. She will be praised and promoted. And the deadwood press wonders why it is ever less trusted and its reader numbers slide?

Which one of the seven stages of grief is “denial?” If you want to see it on display, I bring you some tweets below from moronic shareholders in the con that is Supply@ME Capital (SYME). For folks like this facts do not matter but the facts of what is happening are very clear, starting at 7 AM last Friday morning.

Instinctively, I back an entrepreneur against corporate suits, a founder against professional managers, a rebel against the board. But in the case of Amigo (AMGO), I cannot back founder entrepreneur James Benamor as he tries to oust the board due to the fact that Benamor is an A grade bullshitter.

I warned you on April, 2 2019 that this mini bond firm looked very dodgy and would end in tears. The FCA ignored me or did it?. My beloved West Ham certainly ignored me and many of its poor fans, having endured merde on the pitch all season, now  have to face up to the risk of massive financial losses as well. West Ham did not give a FF about its fans it just wanted sponsorship cash. Its despicable board would allow Satan as a sponsor as long as he had enough dosh. Anyhow, you read it all here first.

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

Folks at the FCA say they love my work, the FRC commends me for exposing fraud, even the BBC reccognises the heroic fight we engage in against white collar crime, but there will always be critics who somehow thing the team at Shareprophets and me in particular are the bad guys. Meet one of the bigger morons on twitter....

The extract from the Land Registry below is in the public domain and looks like a huge misunderstanding to me. Worthington (WRN) may be in administration but it seems the FCA have a few questions for its  former boss Doug Ware. I am sure there is a perfectly innocent explanation for all of this.

Oh well I had not had a take down lawyers letter for at least a few weeks so welcome back to England Mr Winnifrith.  The deadline for voting is midnight Wednesday as I shall be responding on Thursday. So who do you think wants to gag the Sheriff of AIM? Vote now:

Chris Parrish is mad at us, ShareProphets, and he wants us regulated by the FCA. The petition uses our logo and, in a mere 478 words, calls out ShareProphets or Tom Winnifrith 11 times. Check out Parrish's petition here. It's a hoot.