UK 08:15 Tuesday, 6 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
David Lenigas tries his best to ramp the crock of shit that is Lenigas Cuba (CUBA) but its shares are now just 0.5p to sell (in small amounts), that is 90% down in just over 3 months. The excuses Jabba The Hutt is offering on twitter are lamentable as you can see below. And there are also the half-truths.
Hat Tip to reader "Inspector" for this point on the car crash IPO of the year 2015 Lenigas Cuba (CUBA) and its latest (failed) attempt to ramp the share price. On 9th February, Jabba The Hutt published the following update on his company's investment in Petro Australis:
Yes one of the three is Brokerman Dan. Some of you may not feel the greatest of sympathy for him but when he and others ponied up a total of £4.2 million at 2p for what they were told was "seed financing" for Lenigas Cuba (CUBA) they were not told that at the same time David Lenigas and two pals were getting more than 50% of the equity in this POS at just 0.01p. That funding was the seed capital and Levi and others were fleeced.
Saint David Lenigas of Cuba has just tweeted out the following graphic explaining the moral case for Lenigas Cuba. It is almost complete, only missing out Luke 6.20:
In its Admission Document to ISDX, Lenigas Cuba (CUBA) states that it has acquired 40 shares in TravelWelcome Limited which represents 40% of the issued share capital of that UK incorporated entity. Being a Companies House anorak, any excuse to poke around is taken with both hands and what we find is very odd, for it appears that CUBA has been rather more active than that statement gives credit for. Here is what I found – perhaps Big Dave Lenigas would care to explain what has been going on?
What is it with Jabba The Hutt and rule breaking? The poor man seems addicted to it. His latest offence concerns the ISDX Lobster pot car crash of an IPO Lenigas Cuba (CUBA) where he has clearly broken ISDX Rule 32 (disclosure of price senistive information).
The supporters of the trainwreck IPO that is Lenigas Cuba (CUBA) argue that by clever acqusitions Jabba The Hutt will increase the NAV. Net assets currently stand at c 0.65p per share IF one assumes that £1 spent on acqusitions is worth £1. I would argue that it is not and shall demonstrate why below.
Not only was it announced ia RNS but also via the official Jabba News Service that is twitter, Mr The Hutt yesterday bought 1 million shares in Lenigas Cuba (CUBA) which he proclaimed to be a sign of his faith in the company. This man talks crap.
I have already demonstrated that the two “acquisitions” made by Lenigas Cuba (CUBA) post its car crash IPO on the ISDX lobster pot were er…not quite as fantastic as the PR puffery from fat aussie share ramper David Lenigas. Now let’s turn our attention to his partnership with Rushmans which was announced pre IPO. Hmmmmm.
Updated - I have re-read the prospectus - the Travelwelcome stake cost $60,000 - see why that is very embarrassing for David Lenigas indeed. To great fanfare the car crash IPO that is Lenigas Cuba (CUBA) announced back in September that it was getting into travel. But as ever with the great Aussie share ramper David Lenigas this deal is not quite it might appear.
Yesterday we revealed how the latest acquisition announced by Lenigas Cuba (CUBA) was a joke. Big Dave reckons the company has been trading for 12 years but in fact it has been dormant for 11 years and has zero cash. The canard is exposed HERE. But, happily, for me, it gets even worse.
The first “deal” announced by fat Aussie share ramper for Lenigas Cuba (CUBA) after its disastrous IPO was shown to be a total rum n coke within hours HERE. No wonder no-one bought the shares. Today’s RNS is even more preposterous. Who signs off on what is patently total bollocks?
Oh dear, as if life were not bad enough for Big Dave Lenigas after LGO Energy’s appearance on the front page of the Sunday Sun today, now comes news that shareholders in ISDX train wreck IPO Lenigas Cuba (CUBA) want their dosh back.
Yesterday in his BearCast, Tom Winnifrith offered subscribers to Leni Gas Cuba’s (CUBA) controversial 2p placement some excellent advice. He suggested that if the placement participants were not made aware that the company’s founders were about to or had just issued themselves 250,000,000 shares at 0.01p (for just £25,000) they could stand a very good chance of getting their money back. To do so they would need to complain to the Financial Ombudsman Service (FOS). Below I provide more information about how to go about this.
An explosive email has emerged, sent by David Lenigas on Friday to various brokers ahead of the disastrous Leni Gas Cuba (CUBA) IPO. Over the weekend false rumours spread across social media that there was a serious stock shortage ahead of the company’s calamitous market debut. The word was that conditions were primed for another potential New World Oil & Gas-style (NEW) short squeeze. If there were any doubt that this was all nonsense, yesterday’s crushing collapse in Leni Gas Cuba’s share price obliterated this. The rumours were completely untrue and it now seems that Lenigas himself forwarded the email below to a number of online stock rampers. Unsurprisingly this email is now doing the rounds.
The shares of Lenigas Cuba (CUBA) are taking another beating on ISDX today as folks desperately rush for the exit. But it’s hard to get out of a lobster pot so hey presto, Big David Lenigas rustles up a good news press release. But the problem is that the RNS is pure bollocks and everyone knows it. These days if Dave says 2+2 = 4 most folks would find themselves calling for Rob Terry to check Dave’s maths before believing the fat Aussie share ramper.
If those foolish enough to have invested in Lenigas Cuba at 2p back in July are wondering how they might get their cash back I suggest they start doing a date check or two for I have a shocking revelation.
Welcome to the lobster pot that is ISDX. The screen shot below taken at close of play yesterday tells it all abut the car crash that is the Lenigas Cuba (CUBA) IPO.
