Even Pete Brailey the most staunchest of Tory members you could ever meet says he has given up on the party after today's budget. I go through two lies Jeremy Hunt told and consider how he has screwed the poor, those of us running SMEs and is protecting super rich folks with sons at Eton with another lie. Like Peter I shall not vote Tory next time. Then onto a man who is not a liar, Optibiotix (OPTI) boss Steve O'Hara and the presentation he gave today which is below. I mention Skinbiotherapeutics (SBTX) and an email exchange today at this point. Then a few words on Kefi Gold & Copper (KEFI) follow then on to Argo Blockchain (ARB) which I expect to go bust next week and Ceres Power (CWR) whose valuation is still bonkers despite the shares slumping by 80% since peak ramp.
Yesterday, Made.com (MADE) admitted that having failed to refinance and failed to find a trade buyer the game was almost up. What else would you expect from a company founded by blaggers and bluffers like Lastminute’s Brent Hoberman and Chloe Macintosh who is now pushing Kama, a sexual awakening app and which has booked a stonking loss in every year of its 11 year history. Millionaire banksters might not have seen this coming but I sure did. Today the company had more news for investors as it AGAIN lied to its customers.
The Mail on Sunday's Jeff Prestridge has a scoop. There is a class action being launched against Hargreaves Lansdown (HL) for telling customers to buy Woodford funds when it was already aware that there were problems so bad that its own funds of funds were selling Woodford units. Good news. All those who stuffed folks into Woodfgord and ignored warnings that we started flagging up in 2015 should be held accountable. So who else was a massive Woodford supporter from 2015 until the funds were gated in 2019, even saying there was nothing to worry about the day BEFORE the gating? Er...
1,271 folks follow Nigel Hassard on twitter for a non stop diet of tweets about why you should buy shares in Bidstack (BIDS). Given the level of delusion from Nigel the question one asks is who is he trying to fool? Himself or other morons? Take this absolute gem below.
CBD outfit Love Hemp (LIFE), backed by boxer Anthony Joshua , is the company that lied to investors about having raised cash when it had not. That led to its Aquis adviser (Peterhouse) quitting and the shares being suspended on May 3. It says it is still talking to a new adviser but which adviser is bent enough to want to act for a company that lies about such matters? And then there is a trading statement today.
Oh, what a roue is that John Story. Breaking lock-ins at Cellular Goods (CBX). Consequently fired from Escape Hunt (ESC). Pumping the Chill Brands fraud with podcast lies, and subsequently engaging with Seth Freedman, of Harvey Weinstein infamy, to harass and menace me. Now, we turn to Ben’s Creek (BEN), the coal promote of disgraced Adam Wilson.
In today's bearcast I discuss the different regulatory failings of AIM and the Standard List referring to 2 companies worth 0p, Vast Resources (VAST) and the fraud Chill Brands (CHLL) and the lies they tell. I look at Amur Minerals (AMC) and Eurasia Mining (EUA) and in detail at Novacyt (NCYT). I mention Jubilee Metals (JLP) where I am a loyal shareholder.
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.
The company that lied in its first-ever RNS has served up results for the six months to December 31, which contain, guess what? Yes. You got it. More lies. And these are material.
Toople (TOOP), the sub-standard listed company, today issued an RNS about “debt financing”. And in that RNS, the CEO lies. Never buy shares in companies where the CEO is shown to tell a lie, as there are bound to be others you are unaware of.
Entirely predictably, AIM-listed John Zorbas vehicle URU Metals (URU) has slipped out its interim results on deadline day (never a good sign) in no-one-is-watching week, the few trading days between Christmas and New Year. As such it is a fabulous day to bury bad news……and there is, of course, plenty of bad news.
As African Potash (AFPO) this company was booted off the AIM Casino after its Nomad quid when discovering – thanks to me – that the company had told grotesque lies to get placings away, it had committed fraud. Chris Cleverley, cousin of leading Tory James who is no longer claiming he wants to buy West Ham, then took Potash to the Aquis lobster pot, changed its name to Block Commodities (BLCC) and carried on telling lies to investors for which the company was censured and fined, after I pointed this out to regulators. Could it get any worse? You bet.
For 17 years I have been pointing out the lies and frauds committed by Eden Research (EDEN). I could paper my bedroom with the lawyers letters it and its partner in crime 3DM (now in administration, having blown £65 million of other folks cash, sent me). I could paper another few rooms with the online harassment I received from the 3Dimmers, whipped up by shamed promoters Old Mother Mike Walters and Johnny “the Rat” Townsend. Here we are and I am still on the case although how the regulators have allowed this farce to continue for so long really does cause me to despair. Retained losses now stand at £40 million!
I start with ITM Power (ITM) where I just don’t understand pipeline valuation and definitions and the valuation is absurd. But then green is where the zeitgeist is. Not coal which brings me onto the lies and reality at Plutus Powergen (PPG). I look at the fraud Supply@ME Capital (SYME) and Alien Metals (UFO) and the more general issue of related party deals after today’s expose on this website.
As I have noted many times, following the “disappearance” of the eight contracts Verditek (VDTK) used to ramp the shares ahead of its last bailout placing, it is a company without revenue and now, once again, almost out of cash. And this it seems that equity investors have had enough and so the company has resorted to even dimmer and more credulous punters from the crowdfunding community. I have no idea what Tory Toff Lord Willetts is smoking other than a last cigar marked desperation but this makes no sense.
The fraud Supply@ME Capital (SYME) says that its calendar 2020 results will be out next week. Let’s hope auditor Crowe UK has boned up on IFRS or it could be in the merde with the FRC. And Supply has given more details of its proposed acquisition of TradeFlow Capital as it has now moved from an MOU to signing a share purchase agreement. Sadly, the latter is all smoke and mirrors.
Verditek (VDTK) is a company that I have exposed as a serial liar and warned about many times before and my bearishness has been vindicated. Last August, at peak ramp, the shares stood at 18p. Egged on by disgraced share tipster Mike Walters, some folks paid almost 20p a pop. Today the spread is 3.7p-3.9p but even that values this business at £12.8 million which is insane as fair value is clearly zero. The valuation tells you everything you need to know about the insane market in which we operate.
We have seen this sort of time in history before but it is rare. Elon Musk has just filed with the SEC to change his job title to “Techno-king Tesla”. His FD is now “Master of Coin”. These guys are smoking their own bullshit. And bullshit it is because Musk is an industrial scale liar but, for now, the faithful do not care.
I have flagged up already the lies told by Mr Story to a credulous Justin the Clown to promote the fraud Zoetic International (ZOE). But there is more….
There is a masive cover up underway of the way Zoetic International (ZOE) has been lying to investors, its few customers and regulators on an industrial scale.Today I expose that cover up. It is no surprise that the FCA is looking long and hard at this company as it confirmed to me in this email late last week. In the wake of the bombshell dossier from eight days ago, HERE, the company has been working round the clock to cover up what it has been doing. However…
Yesterday I showed, outside a paywall, a slam dunk and material lie told by Zoetic (ZOE). It is one of countless lies it has told to mislead investors. But as well as doing its own lying/ ramping, the stock is aggressively promoted by a 3%+ shareholder who also seems prone to telling porkies. It is time to meet John “tell us a tall” Story.
On 10 July 2020, I published a devastating and detailed bear dossier on AIM darling Manolete (MANO) with the shares at 515p valuing it at more than £250 million. The company and its odious PR firm Instinctif responded with a pompous and unconvincing denial. I’ve warned you repeatedly since then and yesterday in the late afternoon came a shocking warning. The shares closed at 200p but as lies are exposed, worse, including a bailout placing, will come. So let’s start with the lies.
Notwithstanding the receipt of an illegal Government loan from Neill Rickett’s Tory chums and the fact that it had one massive death spiral from Lanstead in place, the cash position of Versarien (VRS) has – as oft predicted here – become so grim that it has had to set up another death spiral to keep the lights on. There is also another daft acquisition which will only add to the cashburn and naturally all this bad news is wrapped up in a grotesquely misleading release which only a Nomad as bent as SP Angel, of the fraud MySquar infamy, could have signed off on.
Here in Wales, thanks to First Minister, Mad Mark Drakeford, all 50 JD Wetherspoon (JDW) pubs are shuttered and will stay so for the foreseeable future. As I noted in a photo article just published, life just over the border in “free” England is not much better for the boozers. Tim Martin is, yet again, my hero of the day, using Wetherspoon’s AGM as a platform to expose the Government and a supine 4th estate which laps up lockdown lies without question. The great man opines:
What would you do if you were running a PLC with almost no cash and which was burning cash? It is a position I have been in and it is not a good place to be. You cut costs perhaps? Or you just do whatever is needed to raise fresh equity whatever the cost involved in doing that…
Well before 5PM today, I had alerted Supply@ME Capital (SYME) to a blatantly fraudulent press article pumping its shares with lies. The company’s PR man agreed it was a scam and said he had alerted the company. Yet within an hour the company’s CEO had sent out a tweet promoting the article to mug punters!. At every level this is market abuse and heads must roll.
It is bad news for gender fluid, Bidstack (BIDS) owning, journalist-defaming moron Mike Turner - the countdown to the next bailout placing is underway. I crunch the numbers and speculate on what boss Lyin’ James Draper will do about it. After that I consider Verditek (VDTK) and its growing catalogue of lies and also warn Innovate UK that I am on its case as I have been alerted to another of its grant scandals. Finally I consider two companies that are desperate to be bid for but which, I suspect, will not be: Audioboom (BOOM) and Eurasia Mining (EUA).
Just how many red flags do you need? Because at this AIM listed company, there are more than you’d see on the annual May Day parade through my old stomping ground of Clerkenwell. Let’s list the Verditek (VDTK) red flags:
Enough is enough. Two weeks ago, an article HERE forced Verditek (VDTK) to admit on August 12 2020 that the two big contract wins announced in 2019 had not gone through but it had raised money without telling investors of these massive setbacks. On Friday, I showed that it had actively misled investors ahead of placings in September 2019 and March 2020. Enough is enough. How many more lies have been told? I have written to the FCA & AIM Regulation asking for the shares to be suspended pending a full investigation into the company, its directors, and Nomad WH Ireland which, at best, has been asleep at the wheel.
The judgement which I publish in full below from the International Arbitration Court is damning. For those, such as scumbag PR advisers Yellow Jersey, the whore blogger Malcolm Graham Wood and Nomad Cairn which, for years, helped the, formerly AIM listed, FRAUD Frontera Resources (FRR) to raise millions of pounds from mug punters, it is document demonstrating their wholesale moral bankruptcy. Those involved continued to push the shares even AFTER I had shown the company to be a fraud run by liars.
Despite incteasingly desperate attempts to ramp its share price, AIM dog Bidstack (BIDS) sees its stock marooned at 6p. Interestingly, the spread is wide enough to drive a bus through, indicating market makers are aware that either one last ramp but also that a deeply discounted bailout placing may be imminent. But the bare fact is that the company cannot both meet May payroll and satisfy short term liabilities. As such, its shares should surely be suspended pending clarification of its financial position. I have written to the Oxymorons at AIM Regulation today making this request.
Canaccord quit as Nomad to Versarien (VRS) partly because of the social media antics of its CEO Lyin’ Neill Ricketts. Obviously, new Nomad SP Angel does not care about that as it was happy to act for proven fraud MySquar (MYSQ). Do John Meyer and his cronies have any standards at all? And how will AIM Regulation take Neill’s latest lies
Just for one week, the contest is being brought back at the request of reader Juicin. The rules are slighty changed in honour of Neill Ricketts of Versarien (VRS). What we are looking for is the most moroniic comment on shares on the LSE, iii or ADVFN Asylums or twitter. But this week you can also add in comments on the private Discord chat room where Ricketts tells lies to investors without his Nomad, hapless Quindell loving Bobbie Hilliam at Canaccord, knowing anything about it! The deadline for entry is midnight on Sunday 12 January ( my birthday). Entries in the comments section below.
I am sorry to say that NoGold has not yet been in touch about the £50 he owes me. Shame, shame. In today's podcast I look at Bidstack (BIDS), the lies, the dire warnming it is sitting on, the role of a house broker, the looming cash crisis and the joke valuation.
Those suckered into putting their hard earned into Appbox Media have been promised a £150 million takeover but, er…no cash for three years. For reasons explained HERE last week, I, increasingly, think this is part of a complex £15 million boiler room scam in the heart of the City of London and have asked the FCA to investigate as a matter of urgency. Perhaps it might start with the recent attempt to wind Appbox up.
In light of Saturday’s bombshell revelation HERE I have written to the Nomad of Versarien (VRS) suggesting a statement is needed pronto. The letter is below.
On 11 April Rose Petroleum (ROSE) announced that Mr Robert Bensh was buying £275,000 of shares in the company at 1.1p to take a 14% stake and would become chairman with immediate effect. Er….
If an AIM listed company lies to its Nomad and to the market the Nomad should quit on the spot. Thanks to Winnileaks we bring you an email exchange below which shows that Management Resource Solutions (MRS) told a monster lie this week. The end should be nigh. I have alerted the Nomad, AIM Regulation and the FCA.
Actually I am being generous. One might suggest that certain undergarments are look very combustible. I am sure that when Malcolm becomes aware of this he will wish to revisit his position. This is a scandal, the company has declined to comment and its advisors do not seem to give a damn either, their excuses are risible.
Unlike the Thirsty one, theUK's top share blogger, who repeatedly encouraged his readers to fill their boots with TrakM8 (TRAK) ,I warned you repeatedly here of its aggressive accounting, its lack of cash generation, its nonsensical acquisitions, its RNS lies and that this was an all round dog. Today, it adds to its crimes against investors with an example of quite egregious boardroom greed. Mark Bentley of Sharesoc shares my anger and writes:
That is apart from being shit investments? I discuss this with the latest news from Sound Energy (SOU) today. I look at today's rally in a context of a bear market and offer a few other thoughts from Shipston where my father stiill lies in bed, reading lies in the Guardian. Habits die hard for public sector workers.
Last weekend we served up two stashes of documents HERE and HERE which made it clear that on a serial basis Frontera Resources (FRR) had either not informed its Nomad Cairn and the wider AIM Casino market of pertinent news or had, in some cases, simply lied to one and all. On Christmas Eve at 7.30 AIM Cairn quit as Nomad and the shares were suspended. That prompted the biggest lie of all.
As it tries to stop its share price collapsing ahead of its much needed bailout refinancing, Frontera Resources (FRR) has announced another lie-fest, or as it terms it “shareholder update meeting followed by Q&A” on October 4. The City’s top oil analyst Zac Phillips of SP Angel is damning on this POS in his morning email but gets it 100% wrong when he says there is “Only 1 question.”
To give her credit, Ms Lingerie on Expenses is still fighting and has published a new post on the Ariadne website “the facts”. Even in the post fact era she is ‘avin’ a Turkish. It is, as you can see below, laughable.
Anyone who follows the world of AIM on bulletin boards and Twitter will have noticed a lot of sudden excitement in Bellzone Mining (BZM) yesterday, with the share price rocketing and closing at around 0.9p, but unfortunately some were posting false news. Was that deliberate market abuse?
After her disastrous FTE2017 conference in Malta where large numbers of bills remain outstanding after only 17 tickets were sold, Julie Meyer has had to move location for FTE2018 and it is the poor Croats who she will be stiffing over this time. In a desperate - and failing – attempt to get both paying sponsors and paying ticket holders ( 2,500 Euro – bargain!) Ms Lingerie on expenses unveiled some new high profile speakers notably the two below Anuj Gupta and Randi Zuckerberg. Uh oh…guess what….
Another day, another drop to Winnileaks, this time from someone who Julie "Lingerie on expenses" Meyer groomed but who refused to hand over cash. However in this lie packed attempted fraud from January 2018 some were fleeced.
Almost certainly using technology lifted from the SpinVox fraud she backed and still defends today, Julie "lingerie on expenses" Meyer has created a time travel machine. Now, thanks to the Times Newspaper, we can see that her bully boy lawyer Julian Pike of Farrer & Co is using it too as he smears critics and tells outright lies for his client.
Okay it was Julie Meyer. Whatever I think of her she is fairly hot in a weird sort of way. Anyhow I explain all in today's podcast. I then move onto IGAS (IGAS), UK Oil & Gas (UKOG), Avanti Communications (AVN), Sabien (SNT) - statement nbeeded Roland "Fatty" Cornish? And finally to Paternoster Resources (PRS) - black bag needed Amanda Van Dyke? PS My NHS Lies podcast I mentioned is HERE
Further to my weekend expose on Milestone Group’s (MSG) saviour, Larry Cummins and his dubious CV, I couldn’t help but notice that Larry suddenly seems to come over all immodest and has removed all signs of his incredibly impressive education from his LinkedIn and corporate website. Why could that be?
Further to yesterday’s piece on Milestone Group (MSG), it gets a bit more serious today as any Milestone shareholders should think very hard about whether they want to get into bed with Black Cactus and Larry Cummins as he looks like an A1 prize bull-shitter to me.
Once a year the Mrs allows me to give a lecture to her sociology students at Bath Spa University. Around 70 attended and and I did not hold back. My lecture was recorded as were the slides. Enjoy!
The Guardian's coverage of the Paradise Papers has now turned to my old friend the Isle of Man based fugitive from Korean justice, Mr Jim Mellon. The Grauniad's coverage goes far but, sadly, its journalists fall for some slam dunk lies. This all concerns the Hoxton Pony,a fashionable bar in uber hip Shoreditch. I used to live round the corner and know it well.
Once again Tim Martin of JD Wetherspoon (JDW) is the hero of the day exposing the lies, for that is what they are, spouted by big business and the dishonest media on the subject of Brexit. Martin lets rip in his company's latest trading statement. A true hero writes:
Heck it is on twitter so it must be true as you can see below
On September 15 2017 I explained why the folks who run Applied Graphene Materials (AGM) were slam dunk proven liars and predicted a bailout placing. Hey ho. Vindication did not take long. Today we are told that there is a book build on a placing to raise £9 million + at a minimum of just 36p with a £1 million open offer also planned. The shares have crashed by 23p to just 40p bid. Another win for the Sheriff.
At no-one is watching O'Clock on Friday , 5.29 PM, Michael O'Leary's Ryanair (RYA) slipped out a statement that is obviously a lie shows utter contempt for its customers. Not that this is a novelty. My boycott of RyanAir has started t how long before others do the same an RyanAir starts to suffer financially. Lying to and treating customers like shit is surely a bad business model.
Companies that tell lies to investors are ones that should be avoided like the plague. If you pick a company up on one lie the odds are that there are stacks of others going undetected. That brings me to Applied Graphene Materials (AGM) where I will demonstrate a slam dunk lie. Then we will turn to its looming cash crisis.
Telit Communications (TCM) is spinning hard to suggest that all is well despite its founder, CEO and largest shareholder Oozi Cats being"resigned" today. It started by planting today's RNS in the ever pliant FT yesterday afternoon - the paper of record is now the mouthpiece for fraudsters wanting to spin a line. The timing of that FT plant now exposes the lies of today. Now comes the formal statement and it does not wash at all and begs massive questions which are just not answered.
The house broker on AIM earns its money not from investors but from corporates. It banks £2-4,000 a month as a retainer and then makes 5% commission on any funds it raises. Lovely jubbly, coke and hookers all round. Of course that makes its research less than impartial. Prostitutes do not tell their clients that they have a small dick and so you would not expect Arden Partners to conclude that shares in Mercantile Ports & Logistics (MPL) are worthless crap, which they are. Welcome to a strong contender for the worst research note of the year to date.
The AIM casino has hosted the London stockmarket's biggest fraud for almost 40 years (Quindell) and a raft of smaller frauds in recent years. One might almost say that fraud is endemic. Yet, in a consultation paper published this week, the London Stock Exchange (LSE) has insisted that it is not within the remit of its own AIM Regulation department to tackle fraud or indeed do anything about it. This shows a complete contempt for investors - we bank the fees, you bank the losses.
A couple of weeks ago AIM uber dog Servision (SEV) warned that its calendar 2016 results would be worse than expected. Today we have those numbers and guess what? Not only was that June 15 trading statement a slam dunk lie but we also have a new (lack of) profits warning about 2017. Why the AIM Rule breaching delay in announcing that bad news. It gets worse...
What's not to like? No Listing after being booted off AIM because no Nomad would sign off on its lies. No product for sale. Almost no cash left. And now the Finance Director of the fraud Cloudtag (CTAG) has quit. More red flags for tea vicar?
Fraud Cloudtag (CTAG) may have been booted off the AIM Casino but in the few months before insolvency the comedy continues. The company has held an AGM the highlight of which was news that the 2 NEDS Tony Reeves and Jerry Bereika have resigned. Lyin' Amit Ben Haim says that the a search for new directors with the requisite skills to match the Company’s future requirements is underway. Hmmm what would that skillset be?
Cloudtag (CTAG) has fessed up to dismal results and to the fact that it cannot get a Nomad to act for it and sign off on its lies and thus its shares will be booted off the AIM casino tonight. It talks of a relisting in the future but then it was telling us just the other day that it would get a new Nomad. But having had since January 10 it has failed. No one will act for this fraud. It is game over.
I noted earlier that while most financial PR firms are so morally bankrupt they would spin for uber nonce Rolf Harris if the retainer was high enough, Tavistock PR appears to have some honour quitting as adviser to the FRAUD Cloudtag (CTAG). There are only so many lies you can put your name to I guess. But some folks want to hear lies and to reprint them, the BBMs. Please nominate the most moronic bulletin board post or tweet in the comments section below. The deadline for entries is midnight on Sunday February 26.
Cloudtag (CTAG) the fraudulent AIM Company which has repeatedly raised money by telling lies to investors says that with Cairn Financial no longer prepared to sign off on its lies it is in advanced discussions about finding a replacement to avoid its shares being suspended on April 10. Really? Who do you think is so morally or financially bankrupt that they will sign off on lies for a fraudster. I am now starting a poll, if any of the Nomads's below want to deny that they are morally bankrupt and will not take on this work I will update the article. Vote now, deadline midnight Sunday 26 February. Update 1. It is not Allenby.
Advanced Oncotherapy (AVO) has finally fessed up to the truth of its bust up with Sinophi and is paying the Chinese $250,000 to settle - even last week house broker Beaufort was, with an Advanced steer, suggesting the Chinese would be paying Oncotherapy several million quid. Lets remind ourselves of a timetable of lies, deception and non disclosure.
No doubt the convicted criminal Aidan Earley reckons that African Potash (AFPO) is another fine company brought to its kneees by myself and the global shorting conspiracy. Actually it is a fraud which is why it snuck out more lies and bad news at no-one is watching O'clock on Friday. I was watching and this podcast is all about that fraud and what happens next.
That the London market – and especially AIM – is fleecing investors on a regular basis is a given in these parts. Of course, most companies are run by honest individuals but the regulatory set-up is failing to bring those lacking in morals to book and investors need protection. It is not even the community of BBMs who need to be looked after either – consider the plight of those whose cash has ended up in institutional hands such as those of Tom Dobell of M&G and despatched to the great central bank in the sky via the fraud Quindell.
As the year draws to a close it is only natural that we look back on the past twelve months. And it has been twelve months of achievement. It is a great achievement in that our writers have continued to write exactly what they want without any editorial interference. So Cynical Bear & Gary Newman have knocked shares I own. So what? We really do support free speech. And it has been a year when we have "dealt with" more frauds and lies on the AIM casino and the main market than ever before. That really is the USP of ShareProphets.
Cloudtag (CTAG) has released an after hours RNS. It beggars belief that Nomad Cairn has signed off on this shite, More lies to compound earlier lies but also an admission of more breaches of AIM Rules and that 2016 sales will be zero, contrary to earlier lies. It is all utter horseshite and in this special podcast I take apart this statement bit by bit. It is a bad day for AIM. Cairn you should be ashamed and is beneath contempt. Cloudtag has lied and committed fraud and its shares are a sell with a 0p target.
Time is running out for Advanced Oncotherapy (AVO) as it scrabbles for additional finance but this time it really needs to start telling the truth to potential backers. In fact before I reveal more leaked emails I invite it to correct some previous lies told now.
I have just been made an insider and so cannot tell you why I am so fecking angry but I am spitting nails. I am also furious with a loathsome slug called Antony Browne who spins for the British Bankers Association, lies about Brexit and should be strung up with piano wire. Then it is onto Cobham (COB), Andes Energia (AEN), Tertiary Minerals (TYM), Sunrise Resources (SRES), Avocet Mining (BASTARDS) and the wider issue of the rape of Africa by the 1% of the West and of Africa and how it screws BOTH the 99% in Africa and the 99% here as well.
The PC Gauleiters at the BBC could not get enough of Dragon's Den star Piers Linney: black, working class, Northern, worth £100 million. Ab fab. All he needed to do was come out of the closet and chop his leg off and he would have been the perfect Royal Flush. The only thing was that his CV was not er...true. And documents filed by administrators to formerly AIM listed Outsourcery (OUT) show just what a Walter Mitty figure Piers was. Or maybe it was just BBC lies all along. Pravda does have form after all.
Is Sterling collapsing? Well, er... yes and no. It partly depends on where we started? If it is sliding is that down to Brexit? That is far more of a no than a yes. So are the Tories to blame? As of last week, in part yes. Is the BBC telling lies because it still can't handle the Brexit result? Of course it is. Confused? All is explained in this week's podcast. And talking of lies my podcast I mention on Syria is HERE
Well of course it is not. At least, that is what AIM Rules for Nomads tells us, in the 2016 edition. So if a company has told a demonstrable lie, surely the Nomad should either resign in protest or be publicly strung up with piano wire by Marcus Stuttard’s team of oxymorons at Aim Regulation. I quote from the Nomads’ rulebook (emphasis in bold is mine):
I have commented on Avanti Communications (AVN) twice in two days on the bearcasts HERE and HERE. Today with the shares zooming ahead to a peak of 50p (they are now 44p) the company commented but said nothing at all. Ronan Keating would be proud.
Uber Bombast David Williams stated:
In between serving up more prize horseshit with its latest release Highlands Natural Resources (HNR) has claimed for itself almost psychic powers as it attempts to explain away previous lies.
A month ago Highlands Natural Resources (HNR) announced that it had sold some assets it had bought days previously for $91,000 for £4 million in shares in fellow standard list dog Opera (OPRA) as well as £240,000 in cash. Today that joke deal has collapsed leaving Opera desperately seeking another acquisition and with its credibility in tatters and Highlands needing to explain the lies it has told.
Serial publisher of lies, US Oil & Gas (USOP) now has cash to spend having found some of the stupidest people on this planet to pony up cash in its 27p placing. Hence now it has to update us all on its quest for oil where there is none. I apologise on missing this gem from comedy central on 17 June but better late than never.
From last night's debate the speech that set the thing alight. Forget the smears, forget the lies, forget Project Fear, just have faith in yourself and in your fellow Britons, you must surely vote Leave tomorrow. Watch this and can you disagree?
Over the weekend shareholders in Teathers Financial (TEA) started to receive circulars for the forthcoming EGM. Having tried and failed to bully its shareholders into calling off the EGM, Teathers’ board has adopted new tactics in the circular - lies and smears.
John Lewis, which also owns Waitrose, has today lied to its 92,000 staff. It is such a demonstrably silly porkie that surely no-one can take it seriously? The polls, I fear, suggest that the wall of lies from Project Fear is starting to work.
I am meant to be on a summer truce with David Lenigas so I shall interpret today's RNS from Lenigas Cuba (CUBA) as poor David being hoodwinked by the company he is meant to have done a JV with. That company is Commercial Funded Solar Ltd.
Anyone who uses the phrase "to be honest " or "I'll be honest" before making a statement is usually lying and that brings us to fraudster Rob Terry who uses that phrase in today's laughable interview with the Sunday Telegraph. One claim is that he made £30 million from the Quindell (QPP) fraud. Natch: Terry is lying as he does every time when there is a Y in the day he is speaking.
Oh dear, it seems that Britain's top share blogger is on the warpath again and has made public a letter of complaint about the language used on this website accusing us, I think, of homophobia.
Thank you for your kind messages about my late cat Tara. Today I record with morbidly obese three legged Oakley listening and try to get him excited with an imaginary ffing dog. Actually it is the Chris Oil of cats. I explain. I also look at Stanley Gibbons (SGI), the London Stock Exchange (LSE) and the first placing into the Horse Hill ramp - Evocutis (EVO). Next will be - I predict - Solo (SOLO). I also look at ISDX lobster pots and David Lenigas lies ref Afriag (AFRI).
We have already demonstrated that not only is Servision (SEV) teetering on the brink of insolvency (HERE), has a ludicrously aggressive revenue recognition policy (HERE) but that also it announces deals as pre-placing ramps then patently does not deliver on them HERE & HERE. Now lets look at a pre-placing ramp from Brazil from April 2015. This is a shocker.
Paul Scott has today dismissed THREE lies told by TrakM8 (TRAK) in RNS statements as irrelevant. Whatever. So let's go with a fourth and from there look at what was hailed as a transformative deal, the purchase of Box Telematics Ltd in a Reverse takeover in October 2013.
Britain's top share blogger Paul Scott seems to have fallen in love with TrakM8 (TRAK) and is thus blind to numerous red flags which in any other stock would be causing him to plunge the knife in. Let's start with the lie about net cash.
The Globo (GBO) scandal brings up the issue once again of what an auditor is there to do. Yesterday’s admission that, essentially, Globo’s accounts could not be relied upon suggests that there has been a massive failure. Auditor there: Grant Thornton. But Globo is by no means the only case of investors being misled as to the true picture in a company’s accounts.
At last YourLegalfriend has filed a claim on behalf of clients who lost money from owning shares in the fraud and claim that they lost money because Quindell (QPP) published lies in RNS statements. The shares are off a tad at 96.75p but one could view the RNS as good news.
Yesterday, in a Bearcast special, I explained why the circular published by AIM Cesspit posterboy Hotel Corp (HCP) at no-one is watching O’Clock on Friday contained slam dunk lies designed to mislead investors into not voting out fat cat crony capitalist tax-haven dwelling chairman Derek Short. Today I have written to the company’s Nomad, Simon Clements of Sanlam demanding that the circular be withdrawn and that the directors be censured. In case Mr Clements dithers I am cc’ing AIM Regulation and the FCA to ask them to force his hand.
Some CEOs have clearly abused twitter telling outright lies (Rob Terry) and being somewhat aggressive with the Truth (Mr 3D I meant 2D seismic). But having failed to deal with major scandals of fraud and lying the oxymoron that is the AIM Regulation is wading in with draconian edicts that will achieve nothing.
Normally Big Ray Zimmerman of ZAI Corporate Finance, nomad to a stack of China frauds, puts his name to lies pumped out by the Norfolks on the AIM Casino. But by way of change I have been passed evidence of Big Ray telling porkies in a regulatory announcement about his own company.
In this part of the bearcast I go through all the frauds admitted to by Quindell today, the bungs, the lies, the non disclosures, the revenue recognition issues, the panama pumps. Most of this has been revealed on this website already but today Quindell fessed up. What we said abut Himex, TMC, Jon Stretton Knowles, the fraudster Rob Terry...it was all true. And that means that Rob Terry WILL go to prison for this. And so will others.
Last week I had a feeling of déjà vu – it was the Quindell summer all over again. The harassment had begun and I was wondering why.
Over the weekend I warned you that the sensationalist reporting of Greece by the Daily Mail and notably the lying bitch Liz Jones was just all lies. She did not understand what was going on and was making things up in a sensationalist manner to help sell copies of that rag. One of la Jones lies was that they were running out of food here. As it happens, outside my front door is a street market….
Another day and another exclusive. Today we bring you the court filing made by disgraced Jimmyliar Ellerton as he tries to screw not $250,000 but $400,000 from the company. It will not make pleasant reading for Sefton (SER) shareholders but I am happy to appear as an expert witness for the company as the claims he makes are - as you would expect - packed full of lies.
Despite all sorts of folks calling for this website to be boycotted, it continues to nail crooks operating on AIM, GXG and the London Main market. We want to nail more crooks , expose more lies and more frauds. Sod the death threats and the lawyers letters we want to up the ante. And we would like your help to do it.
Naibu (NBU) joined the AIM Casino on April 5 2012 and from that day to the bitter end it always insisted that it had zero debt and cash of c£40 million. That was, as I shall demonstrate below, one monstrous lie. And this now brngs to the fore the whole issue of all the other China frauds on AIM claiming to be drowning in cash and debt free and the pathetic regulation of this whole shambles.
Once upon a time US Oil & Gas (USOP) was the darling of Bulletin Board loons. Okay it gotr booted off ISDX and had completely worthless assets but it huffed and puffed and its shares raced ahead on GXG markets. But as it teeters on the brink of insolvency surely it should update us all - if only to give us a good laugh - on how the regulatory enquiries into its numerous lies are going and on how close it is to bankruptcy.
You couldn’t make this up: ShareProphets has piled scandal upon scandal on to the authorities at the London Stock Exchange (LSE), with particular reference to the (complete non-) regulation of the AIM Casino. And so, with a golden opportunity to face down the critics the LSE decided that it did not want Tom Winnifrith present. No matter that he is a shareholder, turning up with proof of ownership and photo ID. No matter that, as a journalist, he had already been given clearance to attend. No, the LSE didn’t want any awkward questions. Is that because they knew that Tom is correct, and that therefore they would not be able to answer?
I am off shortly to the London Stock Exchange AGM and events today show why AIM is such a joke of a casino. I refer to statements by Mosman, the er..lies of New World Oil & Gas and the total farce over Horse Hill. I give you full details of the next Dave Lenigas IPO and where to apply, not that I shall be doing so I stress. I cover the latest disaster to hit my good friend JimMellon, this time it is at Webis. and what the Benchmark and Hardide profits warnings tell us about wider equity valuations.
Shares in Quindell (QPP) were suspended for six hours today as it was caught out for once again having told investors a pack of lies. It seems that it has sold Slater & Gordon rather more than was announced on Monday. This is just a total joke of regulation – when is someone going to prison?
I want to expand the investigative team at ShareProphets. I want to nail more crooks on AIM, expose more lies and more frauds. Sod the death threats and the lawyers letters I want to up the ante. And I want your help to do it.
I stand accused yet again of insulting the entire investment community and of delighting in folks losing money. Au contraire, I delight when Bulletin Board Morons lose money but that is just a small group of those who use BBs.
Last Friday and Saturday I highlighted a series of, ahem, ‘inconsistencies’ in two RNSs issued by the company on 15 and 17 Sept 2014. It has taken until today, Weds, for Tern (TERN) to address this. But Angus Forrest and his crony capitalists are still just telling abject lies.
The title is self-explanatory. The contents of this podcast are most serious. hapless Nomad Cenkos can verify the lot or it can just admit that it does not give a FF about its regulatory duties.
Following the shock Rob Fielding revelations of yesterday, conversations with three current and former Quindell employees and some early morning reading of the Quenron (QPP) 2013 accounts, notably page 57, I have more shock disclosures about Quindell and its acquisitions and rather tough questions both for the fraudsters and for the bumbling incompetents at KPMG who signed off on such utter gibberish and obvious lies.
On August 19 2014 Quindell (QPP) threatened me with a bully boy lawyer’s letter demanding inter alia that I sign a grovelling apology drafted by it, pay its lawyers bills and damages and that it would get an injunction against me to stop me accusing it and Rob Terry of being a fraud. As with all fraudsters you will note that Terry was using the company’s lawyers (i.e. not his cash but shareholder’s cash) for his case. I now publish that letter in full. And I ask the liars, crooks and frauds at Quindell where is that injunction?
I really do not care about the POS company that is Touchstone Gold. It is typical of the detritus at the bottom of the AIM Cesspit. But its RNS today is a shocker - it is grotesquely misleading. Behind it lies a tale of management incompetence and greedy and venal crony capitalists on the AIM Casino who care about nothing other than lining their own pockets and funding the coke and hookers. Shareholders are just there to be screwed. All of the guilty parties are named and shamed and the lies exposed in this scorching podcast. Yes. I am angry.
By popular demand this contest is back. As last week I will award a bottle of wine to the reader who posts up the tweet or Bulletin Board comment from a Quindell shareholders which demonstrates his or her stupidity most clearly - the entries last week were brilliant. The entries in week one were also incredibly amusing. Whether that comes in the form of just not understanding how shares work, a willingness to believe the most errant nonsense or just plain ramping/peddling of TA gobbledygook, feel free to post away. As before Kebab cannot post his own comments as entries, we need to give the other morons a chance and he is in a league of his own. Meanwhile
Quindell (QPP) owning moron Senor Grande has like his fellow whack job Filthylucre repeatedly promised to boycott this site and never come back. And then both come back like moths to a flame, just to say how much they hate it. The latest comment from Senor Grande is an utterly pompous demand to sack me which merits a wider airing and a detailed reply.
This morning I have written to the FCA asking it to investigate whether the allegations I made on 13th October 2014 regarding Quindell PLC (QPP) constitute market abuse. The allegations are the most serious I can make, that Quenron has committed wholesale accounting fraud and has lied to investors via RNS. If the allegations are not true I have committed market abuse. As it happens they are 100% verifiable and I have not seen one person show why they are not. That is because they are verifiably true. The video of my presentation making these allegations is HERE. The letter to the FCA explains why I have made this request and reads:
As I have demonstrated on a number of occasions US Oil & Gas (USOP) lies to the sad band of financial masochists on its shareholder list on a serial basis and its CEO young Brian McDonnell is a liar. In that vein I bring you its latest release from Friday which is par for the course. i.e total bollocks.
I noted in a previous article HERE that Phorm (PHRM) was only a few weeks away from running out of cash and going tits up. Notwithstanding its $10 million fund raise in March it will be on its way to PLC heaven in mid-August unless some more mug punters like Evil Knievil are found to keep this fare going. I know that the company is telling a jam tomorrow story to investors right now. But before they fall for that ask Phorm about Brazil.
Yesterday I revealed how the City’s largest financial PR Company Buchanan is mired in scandal after one of its employees appeared to pose as a private investor to discredit shareholders opposing the (failing) management of a company it is paid £10,000 a month to represent. This appears to be a total breach of industry guidelines and if P45s are not handed out next week then the stench of cover-up will be unbearable. But this is just the tip if the iceberg as I shall explain below.
Part of the WPP (WPP) Group, financial PR firm Buchanan acts for more AIM listed clients than any other PR firm. But today I ask if the odours from its lavish Cheapside offices are not of expensive perfumes worn by glamorous PR birds, but from the stench of a dirty tricks campaign against those investors seeking management change at AIM Cesspit listed Range Resources (RRL)? There is no suggestion that Range itself is aware of this. So....
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