Following on from the first bombshell exposes in today’s results from Tintra (TNT) there is worse to come and anyone holding the shares really needs to lube up as this is quite shocking.
Today, at a leisurely 9am just an hour before its scheduled AGM (for which notice was provided on 7 July 2023), Tintra (TNT) issued its unaudited results for the year ended 31 January 2023. That is not the act of scholars and gentlemen and naturally demands further scrutiny. What is being hidden?
I have warned you often enough that Tintra (TNT) would blow itself up and it has now issued a RNS stating it is faces delay in getting its audited accounts for the year to 31 January 2023 finalised after six months and might, as a result, get its shares suspended on August 1. This is a massive red flag but what is the problem?
The cheque is in the post. No honest guv it really is! Today Tintra (TNT) issued the following RNS:
In today’s RNS Tintra (TNT) says that it has repaid the “placement facility” and stated:
In its business update of 9 June 2023 (TNT), Tintra announced that the $10 million investment announced on 10 March 2023 at 1178 pence per share which was to be made 45 days after the establishment of an Special Purpose Vehicle (SPV) still hadn’t arrived and that the agreement date was now extended until 10 July 2023.
On the Friday before the Coronation, mid morning so that fewer folks would notice, came a bombshell from Tintra (TNT), an apparent bust up with its death spiral provider.
On 29 March Tintra Acquisitions ( now renamed Indomanager), the former intermediate holding company through which Richard Shearer formerly held his stake in for Tintra Plc (TNT) filed amended full accounts for the period from incorporation to 31 March 2022.Unfortunately....
On 30 March 2023 Tintra (TNT) announced that Dr Joe Lyske, the Company's Chief Science Officer, had purchased a further 47,207 ordinary shares of 1 pence each and now holds 108,002 Ordinary Shares (equivalent to 0.67% of the issued ordinary share capital). The aggregated information reveals that the average price was 106.7 pence per share making around a £47,000 investment.
On 17 March 2023 Tintra (TNT) announced that:
Even Stevie Wonder can see the red flags waving here. And you don’t need any sense of smell to detect the stench at Tintra (TNT). It continues to raise money at a massive premium to its current mid share price of 150 pence and to an ongoing death spiral conversion. The RNS issued on 10 March indicates that another unidentified investor is paying 1178 pence per share as set out below:
We continue the series of exposes which any sensible regulator would have acted on already. Luckily for Tintra (TNT) it is listed on the AIM sewer so the Oxymorons at AIM Regulation appear happy to do nothing. Tintra 3.0 Limited accounts for the period ended 31 May 2022 have now been filed at Companies House and were stated as being signed by Abdul Sajid, the Tintra CFO, on 3 February 2023. As described in extracts from Tintra RNS announcements of 24 November 2021 which announced the joint venture, Tintra 3.0 is a crucial part of Tintra Plc’s future business plan:
In a previous article, I exposed that the fair value of the ordinary shares in Tintra (TNT) that should be required to be valued in the accounts of Tintra Acquisitions Limited but clearly weren’t of £7,446,291. In this note, I highlight another material asset that wasn’t recorded, that being the convertible loan provided by Tintra Acquisitions to Tintra Plc and this could make this scandal, one HMRC is bound to be investigating a £15 million one. That is three times the size of Nadhim Zahawi's recent "scrape."
Whilst we wait for Richard Shearer to respond to our questions posed in 4 exposes since Saturday or for AIM Regulation to show it gives a f*ck about maintaining an honest and orderly market, I present evidence that the Tintra Acquisitions Limited company number 13236378 is the relevant entity referred to in Tintra Plc RNS announcements. Maybe I should grass Shearer up to HMRC?
AIM Regulation and Nomad Allenby appear not to care about the three exposes of Tintra (TNT) published here in recent days. So here is a fourth showing what a sewer AIM has become. St Daniel House, a former subsidiary of Tintra Plc is massively insolvent and owes former customers £1,467,511 and is effectively looking to offload these liabilities from the Tintra Plc group.
Tintra (TNT) is, following exposes HERE and HERE, now drowning in more red flags than one might see on a May Day parade in Moscow. But it gets worse, far worse.
Following my bombshell revelations around Tintra Acquisitions on Saturday which AIM Regulation has confirmed to me that it is now looking into, there is a new massive red flag to hoist. If anyone cannot see how Tintra (TNT) stinks and is uninvestable, they need to get a guide dog and a white stick pronto.
Richard Shearer the CEO of Tintra (TNT) has a grand vision for the company which is summarised in the Allenby Capital research note of 30 January 2023:







