Filthy Forty – Yet another AIM execution as number 23, LED, finally bites the dust two month late

They are still dropping like flies. This morning the ShareProphets AIM-China Filthy Forty saw its 23^rd victim as LED International Holdings (LED) had its one-way trip from AIM’s Death Row to the lethal injection room. There are now just 17 of the original forty remaining, of which one is currently suspended. This is an incredible indictment of AIM, and the recent history of LED is the sour cherry on the rancid icing on the mouldy cake.

LED International (#LED) – at last kicked off the AIM casino

Hooray!! Deputy Sheriff 1, Oxymorons 0 as F40 LED International heads to Death Row

Marcus Stuttard, head of AIM! Xavier Rolet, head of the LSE. Oxymorons of AIM Regulation! Your boys took one hell of a beating, one hell of a beating!! Yes folks, it is game, set and match to the Deputy Sheriff as the immediate resignation of both the Nomad and the Chairman of ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) was announced today at eighteen minutes past midday.

OUZO TIME! F40 LED Intl to AIM Death Row as Nomad & Chairman walk; still no interims

F40 LED International Holdings - where are the bloody Interims?

In its results to June 2015, which were finally published almost six months late and were heavily qualified by the auditor which not only raised a material uncertainty in the Going Concern statement but also issued a disclaimer of opinion on a number of matters in the accounts, we were told that the board of the Filthy Forty's LED International (LED) anticipated the (now more than three and a half months late) interims to Dec 2015 would be announced during the first half of July...

China FRAUD LED, useless AIM Regulation and AIM Rule 41: I despair. And where are the Interims?

The clock is ticking for ShareProphets AIM-China Filthy Forty play LED International Holdings (LED). Actually, the clock ran down to zero last month but still AIM Rule 41 has not been invoked. AIM Regulation is well aware of the situation and has elected to do nothing: the chocolate teapots appear to be happy to flout their own rulebook in blatant fashion.

China fraud LED International Holdings and AIM Rule 41: when a rule isn’t a rule at all

ShareProphets AIM-China Filthy Forty member LED International Holdings (LED) has been suspended from trading since 22 Dec 2015 – we are well into month seven of suspension, then. AIM Rule 41 says: “The Exchange will cancel the admission of AIM securities where these have been suspended from trading for six months”. Yet LED has still not been given the order of the boot by AIM Regulation. I dropped our friendly Oxymorons a line….

China fraud LED International Holdings and AIM Rule 41: is AIM Regulation asleep at the wheel (again?)

ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) finally got around to releasing its FY numbers to June 2015 just a few days ago - almost six months late. As discussed HERE the Red Flags are horrific: the auditor (BDO) issued a Disclaimer of Opinion, as well as raising a material uncertiainty in the going concern statement. Quite why the Nomad, Allenby, did not quit on the spot is a mystery to me. But the shares are still suspended as the interims to Dec 2015 are now three months overdue. And that brings me to AIM Rule 41:

China Fraud LED International Holdings – FY15 (to June!) numbers but Audit comments suggest they are not worth a candle. Nomad Allenby MUST resign NOW!!

ShareProphets AIM-China Filthy Forty play LED Holdings (LED) has finally got around to releasing its full year results to June of last year. They are audited numbers, but the Red Flags in the audit report are so shocking that surely the Nomad to this company, Allenby, has to resign on the spot. Is it really good enough for an AIM-listed company to produce numbers against which the auditor issues a disclaimer of opinion?

China fraud LED International (#LED) FY numbers - drowning in red flags, surely Nomad must quit?

More China Junk on AIM ' LED international (#LED) complex related party deal & update on suspension

F40 LED International Toasts Chinese New Year with a Rum’n’Coke of an RNS

Already suspended for failing to produce its accounts to June 2015, ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) gave out a Chinese new year update on Monday which covered a number of matters – not least of which is the overdue accounts. And the binning of a JV which started life as a proposed RTO. And the non-completion of an acquisition first announced back in March 2013. And a warning that its working capital position is constrained because its customers are not paying their bills. And the company needs to raise cash or restructure debts. Apart from that everything’s fine!

LED Intl (#LED), ends a jv, profits warning, delay in accounts, admits needs cash

LED International Holdings – yet another Filthy Forty suspension

Our apologies are due for overlooking one of the ShareProphets AIM-China Filthy Forty companies. The RNS released by LED International (LED) three days before Christmas (HERE) almost passed us by: the company announced early in the no-one-is-watching o’clock holiday period that its shares were being suspended because it had become apparent that the Company [would] not be in a position to publish its audited report and accounts for the year ended 30 June 2015 by the deadline of 31 December.

LED International (#LED) cant get annual report out on time - shares suspended

Zak Mir's Bull Call of the Day No. 2: LED International Holdings: Rising Trend Channel Towards 120p

On the face of it we might be might be tempted to feel that shares of LED Holdings (LED) are a relatively thinly traded market which may not respond too well to technical cues. Even so, there could be an appealing share price target brewing. 

HK Based LED International (#LED) announces dismal results on a day most folks away