A chance encounter with a London lawyer whilst on holiday has drawn my attention to the issue of the useless regulation of London’s AIM market and how market forces may find a way to address the shortcomings so often bemoaned here on ShareProphets.
I couldn’t make the London Stock Exchange (LSE) AGM on Wednesday but by all accounts it was more amenable than last year’s disgraceful affair at which bona fide shareholders were frisked and refused entry by boot faced, thuggish bouncers, but I am disappointed that the board still seems blissfully unaware of the reputational damage being inflicted on the LSE by the dysfunctional AIM Market.
Not only did I get into the AGM of the London Stock Exchange (LSE) but in response to one of my two questions chairman Donald Brydon fessed up to being a reader of my work, saying how glad he was that I had got in this year. And as I chatted to my new best friend afterwards up wandered the bogus Sheriff, Marcus Stuttard, head of the oxymorons at AIM Regulation and guess what?...He's a reader too.
I shall endeavour, as the owner of two shares, to gain admittance to the AGM of the London Stock Exchange tomorrow morning. Im coming up from Bristol so may be a few minutes late but I trust that Lucian will be there for the 10 AM kick off at the Banksters Hall but it seems that only 11% of you reckon that the crony capitalists will take my questions on AIM fraud. We asked how the LSE would treat me - having barred my last year as its press office lied: You said:
Tom has been assured by the London Stock Exchange that a share certificate and a passport will get him into the LSE AGM this year. But the same folks lied to him in 2015 so will he get in and if not why not? Vote now in our reader poll:
The complacent and overpaid useless bastards who run the London Stock Exchange (LSE) hold an AGM at the Bankers Hall on Cornhill in the City at 10 AM on 27 April. I shall be there with a share certificate and passport and so cannot be denied access. Last year the press office lied to me and blocked my entry.
One of London’s top brokers argues that the London Stock Exchange’s (LSE) lust for screwing the last nickel out of anyone it can is a disgrace and perhaps a sign that on a PE of 42 the shares are a sell. Despite an Oxford degree this fellow needs a grammar lesson so to spare his blushes I have semi-subbed accordingly? The broker writes:
As you know I was filming with the BBC today. I shall let you know when the programme is set to run. We started off with an interview on the 24th floor of a very tall building. If I look a bit green at the gills it is because I suffer from chronic vertigo so I really did not enjoy that much. Then we moved over to film a few shots outside the Stock Exchange…
In November of 2014 the Qualifying Executives in the Nomad team at Daniel Stewart, led by China fraud specialist Mr Paul Shackleton all quit and it was forced to tell those AIM Casino companies it represented that they needed a new Nomad or would be slung off AIM. I can now reveal that the London Stock Exchange then secretly screwed ordinary investors in order to avoid its own humiliation.
Attending the London Stock Exchange (LSE) AGM on Wednesday was a profoundly depressing experience. It was like what one imagines a Communist Party Plenum in some third world country might be like, packed with muscular security and unsmiling jobsworths. Extremely un-British in all respects. A photocopy of a letter from my broker confirming my holding in the company was not deemed acceptable and I had to take a cab ride up the road to get the original.
This must all just be a complete coincidence. Two AIM China companies have announced the sacking of their head honchos by the non-execs. Both are suspended pending financial clarification. Both have engaged Chinese legal firms to gain control of cash/assets of their respective companies. Both apparently have plenty of cash, it is just a small issue that the cash seems to be stuck in China.
No prizes just a chance for folks to show their wit and to show their appreciation for the LSE in its heroic efforts to make the AIM Casino the success that it is. Perhaps shareholders in Arria NLG, Optare, JQW and other star performers today might be especially incentivised to enter. Post your captions in the comments section beow
You couldn’t make this up: ShareProphets has piled scandal upon scandal on to the authorities at the London Stock Exchange (LSE), with particular reference to the (complete non-) regulation of the AIM Casino. And so, with a golden opportunity to face down the critics the LSE decided that it did not want Tom Winnifrith present. No matter that he is a shareholder, turning up with proof of ownership and photo ID. No matter that, as a journalist, he had already been given clearance to attend. No, the LSE didn’t want any awkward questions. Is that because they knew that Tom is correct, and that therefore they would not be able to answer?
Another day and another day refused entry to an AGM. This time it is the London Stock Exchange. Thanks to its press office for being a bunch of lying wankers – what exactly makes me so scary fellows?
On April 29th the London Stock Exchange (LSE) holds its AGM and this is a call to arms to all you peasants out there, that is to say ordinary decent private investors who have been shafted and screwed by the way that the LSE has mismanaged AIM turning it into a crime infested casino. It is time to hold the Board of the LSE to account.
