The CEO behind Tintra (TNT), former AIM Company of the year 2022 and a fraud we repeatedly exposed, Mr Richard Shearer or “Dickie Shearer” as he now styles himself, is now promoting himself and his business via new website Tintra.net. Tintra PLC itself, of course, went into administration just the other day as I flagged up HERE.
The stench surrounding Tintra Limited formerly Tintra Plc, AIM Company of the Year 2022, just got even worse. In its last accounts for the six months ended 31 July 2023 filed on 31 October 2023, Tintra claimed to have net assets of £7,150,000 and cash of £7,007,000. Yet it was wound up by a petition from Fintech Leaders Fund for its failure to pay a much smaller sum. It is also the subject on ongoing litigation along with former Directors by Cogut and others alleging a failure to repay another loan and accusing its former CEO Richard Shearer of making a string of false representations
Another day and another vindication. Well almost. The letter below shows that my good friends at the Financial Reporting Council had reacted to my complaints about the dodgy accounts of the fraud, and AIM Company of the year 2022, Tintra (TNT). But then it went bust so case closed. But that shows the problem with our approach to fraud.
As predicted in my previous article Tintra 3.0 Limited has now been put into liquidation and its status at Companies House now formally states company status as liquidation.
I revealed on 26 June that Tintra 3.0 which was the joint venture between Time Machine Capital 2 Limited and Tintra (The Aim company of the year 2022, now in administration) and was the company which owned the intellectual property which was behind Richard Shearer’s claimed valuation hype was subject to a winding up order. According to Caseboard the matter has proceeded further.
Tintra (TNT) is on its way to liquidation but as this looks like a fraud with £8million going AWOL this matters. The post mortem of the AIM Company of the year 2022 will beg all sorts of questions for those I warned and who did nothing, notably the Oxymorons at AIM Regulation and hapless Nomad Allenby.
Today the Court Order made on 5 June 2024 to wind up Tintra Limited (AIM company of the year 2022) based on a successful petition by Fintech Leaders Fund LLC (aka Bergen) was filed at Companies House.
Another shoe has dropped at Tintra (TNT), the AIM Company of the year 2022, with Tintra 3.0 Limited also now being the subject of a winding up order as you can see HERE. This makes 4 winding up orders being made against the Tintra group.
The AIM Company of the Year 2022, which claimed to have £7 million net cash when it delisted earlier this year is in administration, the question is who struck the fatal blow. The supplementary question is whether the FCA or AIM Regulation can be arsed to deal with such an obvious fraud which at one stage was capitalized at well over £100 million.
No I do not mean the useless FCA or even more useless chaps at AIM Regulation are doing anything at all. They are too busy putting the finishing touches to yet another lengthy paper on sexism in the City and the ethnic pay gap in fund management to deal with the fraud that is now bust but was “the AIM Company of the year 2022”, that is to say Tintra (TNT). However…
Tintra Limited, what was Tintra PLC (TNT), the AIM Company of the year 2022 is now officially a dead parrot, it is in administration put there by the Cogut family to whom it owed $1.2 million. And to think when it delisted just a few months ago it said it had £7 million of cash. It did not, that was a lie and this was a fraud. In that vein I bring you recently filed court papers fromthe Coguts alleging unpaid and undeclared debts and serial lying by CEO Richard Shearer, a co-defendant in this case.
At Companies House, Tintra Limited, what was Tintra PLC (TNT), the AIM company of the year 2022, is stated as “active”. Companies House records the former chairman Roger Matthews as resigning on 8 March 2024. Dr Joe Lyske who was highlighted by Richard Shearer on his appointment as being the IT guru who was going to developed the AI technology for Tintra’s banking applications had previously resigned on 16 January 2024. Whilst Tintra still has an active website there are no recent press releases or articles on that site. JP Jenkins site also no longer makes reference to Tintra Limited. It is, I suggest, a Norwegian parrot.
You may remember that earlier this year, death spiral provider Fintech Leaders Fund served a winding up petition on Tintra Ltd, formerly Tintra PLC (TNT), the AIM Company of the year 2022 over a bill which was a fraction of the amount of net cash Tintra claimed to be sitting on when it delisted. That order was stayed for 56 days as Tintra promised to pay. Wind forward to 24 April…
It seems that some folks do respond to articles published on this website. I refer to the can of worms, downing in red flags POS, aka The AIM Company of the Year 2022, Tintra (TNT). You will remember that on February 1, matched bargain platform JP Jenkins announced that Tintra shares had been admitted to the platform…
I have warned JP Jenkins a number of times about Tintra (TNT), formerly the AIM Company of the year 2022. But despite shocking exposes like this one yesterday, JPJ seems happy to allow shares to be traded on its platform. Well maybe the winding up order might just change that? I kid you not.
Tintra Plc (TNT) now Tintra Limited, trading on JP Jenkins but formerly the AIM Company of the Year 2022, had a history of dumping loss making and insolvent subsidiaries for nominal consideration and recording large profits on their disposal. But was this all a deception? I have a £1 million expose which suggests that it was.
Earlier I flagged up the scandalous listing of Tintra (TNT) on JP Jenkins. It is my contention that the company mislead investors in numerous ways allowing insiders to make millions from dumping share at hugely inflated prices. And in that vein, here is another oddity that the folks at JP Jenkins should be considering as a matter of urgency.
I have written to my old pal Malcolm Burne in utter horror as I received the email below from his matched bargain platform JP Jenkins boasting that Tintra (TNT), the AIM Company of the year 2022, had joined JPJ. Our exposes on this website were countless but in essence, insiders dumped vast numbers of shares at hugely inflated prices on the back of spoof fundings at a huge premium which did not happen, then a takeover at 150p which did not happen and a tender offer at 150p which Tintra says may still happen but has not. And it will not.
In in last months as a public company, Tintra (TNT), the AIM Company of the year 2022, announced a potential takeover bid at 150 pence per share on 7 September 2023 which was revised, on 6 November 2023, to a potential tender offer for 29.9% of Tintra shares at 150 pence per share from LRB35 Limited. However, although the shares are now delisted…
Welcome to death row on the curious world of the AIM sewer. Waiting for that final walk to the gurney were Clem Chambers' Online Blockchain (OBC), obvious wrongun’s Tintra (TNT) and Advanced Oncotherapy (AVO) which should have had its last meal on December 31. Today: two took that final walk.
