Over the weekend we revealed how Strat Aero's PR man boasted of pretending to be a Bulletin Board Moron, sayitlikeitis, to post rampatstic nonsense on the LSE & ADVFN asylums. He was paid to ramp the stock with ludicrous claims and comments but some folks do it for free!. Please nominate your BB ramper of the week posting the most ludicrous claims you can find on boards or on twitter (so Big Gob tweet ramps are eligible) in the comments section below with a deadline of midnight Sunday 15th August. Ramps on any stock are eligible.
Oh dear. Oh dear. AIM Casino bad boy Strat Aero (AERO) does not like seeing emails which show clear evidence of industrial scale fraud and market abuse appearing in public. That is the emails you can see HERE in the $20 million legal claim filed against by proud Texan Hulsey Smith. And so on Monday it went to court to stop the flow of information and to get existing articles pulled.
I am not kidding you but there really is an AIM Rulebook for the Casino. But I guess round at Strat Aero no-one has bothered to read it. Sadly ignorance is no defence. Having declared war on this worthless piece of crap yesterday I now bring to its disgusting breaches of rule 11 and also obscene corporate greed.
The more one reads of the explosive legal dossier packed with damning emails, filed by Hulsey Smith in the Texas Courts against Strat Aero (AERO), the more one sees the massive implications for the whole of AIM. In yesterday's bearcast I discussed the massive conflict of interests at Strat's broker Beaufort Securities. Now let's take that further...if you are a Beaufort client this should concern you.
Yesterday I exposed the scoundrels at AIM dog Strat Aero with the publication of a 338 page Texas legal disposition containing emails and other evidence that is damning. Not only does this show that Strat is up to no good and thus faces a very real chance of losing the $20 million claim against it and its officers, but it also casts a light on the sordid goings on on the AIM Cesspit. The Strat response is so offensively bad that it merits a declaration of war from the Sheriff of AIM on this piece of Turkish. Strat, as a PLC, you are a dead man walking...you are toast.
A detailed dossier posted by Hulsey Smith as part of his legal claims against AIM Casino listed Strat Aero (AERO) is in our possession and can be accessed below. It contains numerous internal emails appearing to show clear fraud by Strat as it raised money time and time again on AIM, the payment of a poster to ramp on Bulletin Boards and that the business model was just not viable. It will be humiliating both for Strat and for its broker Beaufort Securities which raised all that cash and which is involved in many of the email exchanges. Shares in Aero, appear to be utterly worthless in light of what appears here and the potential for regulatory fall out and thus must be suspended at once and the FCA must step in.
Sometimes I wonder if certain AIM Casino listed companies think that we are all stupid. Maybe I am being harsh, after chatting to the morons who populate certain Bulletin Boards, one can understand how a company might leap to that conclusion. And that brings us to Strat Aero (AERO) which really is taking the piss as it calls an AGM and asks for permission for a sub-division of its shares, before then spouting horseshit.
Strat Aero (AERO) has announced that “Greg Kuenzel, non-executive director of the company, is stepping down from the board with immediate effect”. This follows just a day after W. Hulsey Smith released a third open shareholder letter to the board. But...
Texan W Hulsey Smith is suing AIM listed Strat Aero (AERO) and vice versa in legal action that has the potential to derail the company for good. Smith has today released a third letter calling for "Transparency with Shareholders" and arguing that "Something Just Does Not Add Up"...
Drone company Strat Aero (AERO) has announced results for the 2015 calendar year ridiculously late and after its AGM earlier on 30th June. I wonder why? …
Oh dear. Hulsey Smith filed a counter claim against Strat Aero (AERO) and four of its directors and we have obtained a copy. It is damning and until these allegations are refuted the stock is 100% uninvestable. Some of them are so severe that AIM Regulation needs to step in, suspend the shares and order a formal investigation. Did, for instance, the board give the CEO a "bonus" to allow him to make share purchases to "bolster the share price", This document begs for an immediate share suspension.
Despite claiming that a gross £400,000 of funds raised last week “will help us deliver on our objective to establish Strat Aero (AERO) as the go-to-provider of UAV enabled technology to the commercial, educational and military sectors”, I noted continuing concerns on funding as the shares slid from approaching 2p to 1.5p. Today the company “is pleased to announce… it has raised a further £477,250 (before expenses) by way of an additional placing”. Hmmm…
I previously updated on drone company Strat Aero (AERO) post a £400,000 placing and it announcing that it had “received a defence and counterclaim from W. Hulsey Smith” but “intends to vigorously pursue its claims against Mr. Smith and believe his counterclaims and purported defence to be without merit” - see HERE. Smith has now again hit back…
Previously commenting in February on drone company Strat Aero (AERO) with its shares at 3.75p, I noted a somewhat rampy tone and that the latest developments were possibly a precursor to fundraising ahoy - see HERE. Much has happened since - and a further development today sees the shares currently more than 13% lower...
Do you have any questions for the new management team at Strat Aero (AERO)? I do and they are below. Would you like to quiz whoever is in charge well thanks to the Sith Lord Zak "Judas" Mir you can. You can also ask Judas a few questions and, to get the ball rolling, I have one regarding David Lenigas.
In the he said she said fraud allegation filled pantomime at Strat Aero (AERO) we have a minor distraction today in the form of a placing to raise £400,000 at 1.125p. Hmmmm. Questions, questions.








