Does anyone at AIM actually care whether David Lenigas tells the truth in any RNS statements any more? It appears that Nomad Cairn and AIM regulation do not give a FF. I shall now demonstrate to you a slam dunk and material untruth in an Afriag (AFRI) RNS.
I refer readers to THIS PIECE a few minutes ago from Tom Winnifrith. It asks whether an entity called Marsden Resources Limited is, in fact, an indirect interest of David Lenigas. Now then, let's turn back to THIS RNS released by AIM-listed AfriAg plc (AFRI) in its former name of 3D Resources plc on 10 Dec 2012. It details a big issue of shares and various major shareholders.
This is very very simple. I shall state the known facts about Marsden Resources Ltd. And then Jabba The Hutt can explian this all away either by twitter or with an RNS for Afriag (AFRI) or direct to AIM Regulation. Big Dave it is your call.
We have already shown some anomalies regarding the acquisition of 40% of AfriAg (Pty) Limited (which we refer to as AfriAg SA) by AIM-listed AfriAg plc (AFRI). But there are more and so, just to help Big Dave Lenigas answer the questions – which he no doubt will with full and convincing explanations – here they are. Naturally we wish to help Mr Lenigas clear the air and remove any inkling of suspicion. We are nice guys, and we simply want to help Big Dave clear things up for everyone.
Clearly the twitter addiction of David Lenigas is contagious as his Afriag (AFRI) colleague Yusuf Ismail Kajee is plaguing me on twitter with dozens of tweets, he is emailing and posting here in ShareProphets an invitation to South Africa. Where Yusuf fitted in at Lonrho and at Afriag in the world of tobacco is explained HERE. The original message reads:
The birth of AfriAg (AFRI) saw the hand of Jabba The Hutt's old mucker Paul de Robillard present, almost right from the start. Lenigas and Mr de Robillard appear to have worked together on this AfriAG (SA/plc/UK/whatever) venture almost right from the beginning.
We have already seen that when Lonrho ( then chairman Jabba The Hutt) subsidiary Rollex was caught tobacco smuggling, it said that the company was blameless but this was merely PA activity by Paul de Robillard (HERE). Notwithstanding this David Lenigas vehicle Afriag's (AFRI) biggest investment is a 40% stake in another Robillard company (Afriag SA) involved in logistics. But here's a third Robillard company, Doltek.
Sometimes when the bad guys come under pressure it all gets too much for them and they panic and make a silly mistake. The Quindell "response to a blogger" statement actually gave proof of certain frauds. It was a blunder made in panic. And that brings us to David Lenigas who was so panicked by yesterday's Afriag (AFRI) bombshells and so effectively signed the AIM death warrant of the company with one single panicked tweet.
Lots of questions are being asked about AIM-listed AfriAg plc (AFRI) at the moment, notably HERE. A few more arise out of the company’s Annual Report for 2013 which lead back to the acquisition of 40% of the South African entity called AfriAg (Pty) Limited. We’ll call that AfriAg SA. It seems to open something of a can of worms, as shall become clear in what follows.
The real elephants in the room for AfriAg (AFRI) are the bombshell issues flagged on Sunday and another few matters that I shall be raising during the next couple of hours. But there is also the matter of whether its (cash light) balance sheet has been reported in a somewhat optimistic manner.
Jabba The Hutt knew I was running a piece today on Afriag (AFRI) so braced the lemmings, the few peasants who still believe him, with a twitter smear callimg me a drunken twirp (sic) and predicting I would produce a whole new set of "unfounded lies". I have never penned one lie on Jabba, all my damning criticisms are valid and today's Afriag article is no different in that respect, it is a bombshell. Just in case the former Lonrho chairman wants something else to tweet about here is some more.
Fridays focus of ramping for David Lenigas was AIM listed AfriAg (AFRI) But what is this company and who is involved? I sense the ghost of LonRho, what follows makes this an uber-bargepole stock
Featuring shares in Afriag (AFRI), Cloudbuy (CBUY), Patagonia Gold (PGD), Strategic Minerals (SML) and Surgical Innovations (SUN) with share price targets set for all five stocks.
David Lenigas, made great play some weeks ago of how he had spent £60,000 buying 15 million shares in AfriAg (AFRI) at 0.4p and 0.45p. With the shares now at 0.24p to sell it was not Jabba The Hutt's greatest trade but the question is why did he do it all?
Shares in Afriag (AFRI) continue to slide despite token share purchases by fat Aussie share ramper David Lenigas, aka Jabba The Hutt. They now trade at just 0.24p valuing the company at £3.3 million. It ain't worth it. The last placing, 13 months ago ( unlucky for some, like those who participated) was at 0.4p. In absolute terms that was a poor investment, relative to most Jabba stocks it is quite a good result.
No doubt Big Dave will tweet that he does not read my material but that I am 100% wrong. Just like he did when I said LGO Energy (LGO) was going to do a placing. Then it did one. So shall we double up Big Dave? When is Afriag (AFRI) going to do a placing? Methinks VERY SOON.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares of Afriag (AFRI), Falkland Oil & Gas (FOGL), Sirius Minerals (SXX) and offer some share price targets.
