The truth is that we have no idea what David Lenigas is hiding at the London Bitcoin Company (BTC) but it ain’t good. Here are the maths.
I have again written to the FCA about David Lenigas POS company London Bitcoin Company (BTC). The issue is transparency ahead of a quite inevitable bailout placing. Or rather lack of transparency. I have also urged the FCA to discuss various matters with the SEC.
I have written to my good friends at the FCA regarding David Lenigas and the London Bitcoin Company (BTC) which urgently needs to issue a statement to clarify its financial position, specifically how many of its bitcoin it has sold.
David Lenigas and his 13 year old gopher Hewie RatLitter have today announced their plans and ambitions for 2026 for the London Bitcoin Company (BTC). I am working on announcing my 2026 plans and ambitions with regard to Cheryl Cole. But while all that I need is charm, wit and an ability to understand Geordie (I have 2 of 3), Lenigas and RatLitter need cash….
The bear raider and most bombastic man in London, if not the entire United Kingdom Simon Cawkwell, aka Evil Knievil, has numerous golden rules, reminders to we oiks of his great wisdom. One relates to paltry boardroom share buying.
Shares in London Bitcoin Company (BTC) are, at c3p, almost 95% down from peak ramp less than four months ago but ramper in chief David Lenigas is still not buying having urged folks to do so at 55p!. The tweet below from the great man shows why.
David Lenigas run London Bitcoin Company (BTC) has published its second interims for the six months ended 31 August 2025. They are dire with a loss before tax of £1,196,206. Net assets are healthier at £8,011,468 which includes £6,893,322 of Bitcoin. But the company cannot hide that it is in crisis.
Since the only financials we have for the London Bitcoin Company (BTC) are for the 18 months to 28 February 2025 we really have no idea at all about what the all in cost base is right now.
Just four months ago shares in David Lenigas run London Bitcoin Company (BTC) were 55p and the old rogue was urging folks to buy more in a daily stream of X posts. These days Big Dave barely tweets at all about the company whose shares are just 3.85p. I invite suitable captions for the real photo below to be submitted in the comments section. The deadline to enter is midnight tonight, 3rd November.
I ask you to compare two very recent tweets from the scallywags behind London Bitcoin Company (BTC). First up is David Lenigas of Pennpetro (PPP) infamy:
If your company was generating cash you would not be dumping shares you hold in another company when they trade at near all time lows. But that is exactly what The London Bitcoin Company (BTC), run by David Lenigas, is doing.
The old rogue has blocked me on X so that I cannot respond to his stream of preposterous tweets. This one catches my eye and is a damning indictment of what David Lenigas is up to. Dated 16 September, the great man tweets:
The failed bitcoin miner turned failed bitcoin in treasury spoof London Bitcoin Company (BTC) has news, news designed to ramp the shares to allow another placing, but news which tells you nothing.
You cannot say that I did not warn everybody that David Lenigas run bitcoin in treasury spoof London Bitcoin Company (BTC), formerly Vinanz, would end in tears. Perhaps some Jew haters would rather I did not term Lenigas a promoter and serial destroyer of value, allowing him to fleece new punters. But I did warn and warn again. In 37 days the shares have collapsed from a peak ramp 55p to just 5.5p bid. Look at the Lenigas tweets from 37 das ago and all the way up and down and feel disgust. You will be revolted and may even pity the lambs who liked or retweeted his words with such enthusiasm, lapping up the hopium and dreaming of being rich.
And it is not good news unless you are, like me, a bear! Today the David Lenigas bitcoin spoof London Bitcoin Company (BTC), formerly Vinanz announced that it had spent $2.48 million buying another 20.94 bitcoin. Look at the exact numbers carefully.
I am not making any allegations but have formally requested that the FCA look at the exact timeline of events on 8th and 9th July to make sure that no insider dealing took place, if only to ensure that the outstanding reputation of Mr David Lenigas is not tarnished by suggestions of association to something so sordid. The fomal request reads:
The stream of twitter garbage from Aussie penny share spiv Dave Lenigas in suport of his failing bitcoin grift, London Bitcoin Company (BTC) continues apace as the shares continue to tank. Such is the madness of this feed that I was beginning to wonder if @DavidLenigas was a parody account. Oh No!
Bears shit in the woods. The Pope is always a Catholic and David Lenigas always mugs private investors. The key point to remember with the London Bitcoin Company (BTC), formerly Vinanz, is that Big Dave paid just 0.25p for his shares less than two years ago just before its IPO. When the bitcoin in treasury bubble totally bursts and Dave has moved onto his next ramp, if he can sell at 3p or 4p he will have made out like a bandito. Mugs who were paying 55p just a couple of weeks ago will be wiped out. Plus Ca Change. Today a placing has flopped at just 13p.
It was only a couple of weeks ago that shares in David Lenigas created bitcoin spoofers London Bitcoin Company (BTC), formerly known as Vinanz, were 55p. Today they are 14.75p. That rebranding and a diahreoa of silly memes and other tweets from Big Dave has really paid off. Today comes another massive red flag
