Another day and its another red flag from loss making and debt laden Ben’s Creek (BEN). The vicar has now got an enormous collection of Ben’s red flags but would he like another? In response to the shares spiking to 19.5p yesterday Ben’s has put out a statement saying that there was no reason for the share price rise except….
There are some folks out there who think that Ben’s Creek (BEN) was established to mine coal in America, albeit from an asset which was last economic back in the 1940s and had sent its two previous owners bust. If you are one such believer I have a bridge to sell you.
How do you know if a Ben’s Creek (BEN) spokesman is lying? His lips start moving. I know it is an old joke but in light of today’s latest stinking related party transaction with MBU, it is apposite.
At 6 PM last night, nobody is watching O’ Clock, Ben’s Creek - CEO infamous Adam Wilson of Atlantic Carbon/Coal and Daniel Stewart disgrace - (BEN) announced that its largest shareholder MBU (main advisor the same Adam Wilson) had dumped 22,222,222 shares (5.92% of the equity) at just 18p. As with all share dumping by Wilson entities this is not what it seems and it stinks.
Ben’s Creek (BEN) shares have zoomed ahead by 15% today to 24.5p on news that shareholders are being shafted. They seem to love being screwed without lube by disgraced CEO Adam Wilson of Atlantic Carbon and Daniel Stewart infamy. Words fail me.
Even Stevie Wonder can now see that the optics here are dreadful. It is as you would expect with Adam Wilson of Daniel Stewart, Atlantic Carbon and Atlantic Coal infamy. It stinks. Today there is another shocking announcement.
Is there a growing cash crisis at Ben’s Creek (BEN)? In short, and you should be, YES.
After yesterday’s inadequate disclosure from Ben’s Creek (BEN) - CEO Adam Wilson – about share dealings by its biggest shareholder MBU Capital - senior advisor Adam Wilson – Mr. Wilson of Daniel Stewart and Atlantic Carbon infamy – has sought to clarify matters with another comical RNS.
I have always argued that promote Ben’s Creek (BEN) is uninvestable on the basis that its CEO Adam Wilson of Atlantic Carbon and Daniel Stewart infamy is a scallywag and also that its assets which sent the last owner into bankruptcy were piss poor. Today comes news of a share transaction that stinks and an explanation that does not wash.








