I refer, of course, to news today that that Boohoo (BOO) has increased its shareholding in Revolution Beauty (REVB) from just under 13% to 26.4654% even though Revolution Beauty shares are suspended as it still cannot bottom out the size of a fraudulent accounting black hole. So is boss Mahmud Kamani mad or a genius?
In today's podcast I look at Cineworld (CINE), Ocado (OCDO), Versarien (VRS), Rosslyn Data (RDT) - going right back to its fraudulent prospectus c.o Cenkos - and Westminster Group (WSG) where the curse of Baldry of the fraud 3DM infamy strikes yet again. Talking of vile Tory MPs, I mention Matt Hancock at the end. At least with Baldry his fingers were only in the pork barrel.
If I were a shareholder in corporate advisor, Arden (ARDN), and had, in late April, swapped my stock for shares in legal and accounting firm, Ince Group (INCE), I would be calling my lawyer right now; Ince has only just released a profit warning for the year ended 31 March 2022.
I start with Christmas presents. Today I started to panic and will really pull my finger out tomorrow. Then onto news that the administrators of Patisserie Holdings (CAKE) chaired by my pal lucky Luke Johnson is to sue auditors Grant Thornton over the fraudulent accounts it sign off on. This might see Lucky getting a windfall, or rather a bit of his cash back. I discuss the whole affair
The out and out con that is Supply@ME Capital (SYME) has today issued another statement of delay in rolling out its nonsensical business plan. Perhaps it will buy time for the founding shareholders to dump more shares while getting the Sith Lord Zak Mir and other promoters to pretend that they are net buyers.
Believe it or not AIM PLC directors are meant to be deemed by their Nomad to be “fit and proper” individuals to hold such a post. Don’t all laugh at once. And that brings me to John Zorbas the boss of insolvent Management Resource Solutions (MRS) which is happy to lie to investors.
As I write, shares in First Derivatives (FDP) the company floated via a fraudulent IPO and which has overstated its earnings by c50% for each of the past three years, are surging. Interims have gone down well and the stock is up 160p ( c5%) at £34.10. But hang on Henry… here are 11 points you may wish to consider before buying
I feel legged over and am angry but there are wider points: how financially screwed is Milestone Group (MSG) and why has no head rolled for the way it mislead investors?
Firstly I untangle Friday's RNS from lyin' Chris Cleverley and the fraudsters at African Potash (AFPO) - folks you need to do the maths! Then I explain why, as at next Thursday, this fruadulent, out of cash piece of Turkish is screwed. The countdown is on as Katrina Clayton knows full well and the the full posse is in pursuit. Congratulations lying Chris..you have just met the Sheriff of AIM. Football fans will understand the phrase - should I get a calling card made?
For no apparent reason a tiny AIM company called Flying Brands (FBDU) has seen its share price rise by nearly 250% in the past six weeks or so.
I have to date reported four companies to the Financial Reporting Council asking it to investigate accounts which I believe to be fraudulent and or misleading. So where am I with these four and what is the common thread?
Things have gone a bit quiet at cash strapped African Potash (AFPO) since a raft of bullish announcements lifted the shares tenfold a couple of months ago.
Tom Winnifrith's new book, 49 Red Flags is dedicated to Mr Robert Simon Terry of that fine British Company Quindell (QPP) and it wa finally published on Sunday. It is a guide to how to avoid over-promoted and fraudulent companies on AIM and the LSE. Order today for immediate delivery of a FREE copy.
I wanna tell you a shtoree. And it involves your favourite fraudulent AIM listed firm Quenron (QPP), £30 million and a gentlemen called Andrew O’dua who is a British Nigerian er…entrepreneur.
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