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!

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. 

Thanks to the pressure applied by major dossiers and a string of exposed published by myself and by the Dark Destroyer, Matt Earl, a new management team at First Derivatives (FDP) has started to clean up its act. I got the FRC to force it to change its misleading accounts. And the old, very whiffy related party/Panama Pump deals of the ancient regime are gone. But yesterday’s results show that without the gloss of aggressive accounting and dodgy deals, what is left is a dull business but still one on a glamour rating. My original bear call – sell at £46 on 28 June 2018 – was spot on. The shares are now £22.25 to sell but still a slam dunk sell. Here is why…