I am grateful to reader BuriedTreasure for flagging up that shares in Worthington (WRN), a fraud this website exposed at some (legal) cost as Aiden Earley injuncted me in absentia and then failed to stop me getting that injunction lifted, are still marked as suspended by the FCA after 12 years. Why is that?
Of course, devout Christian Aiden Earley is now pleading his case before St Peter but the trial of the other members of the Worthington (WRN) Gang started in September. My man at Southwark Crown Court has an update.
Sadly, the late Aiden Earley never got to prove his innocence at Southwark Crown Court, the devout Christian is instead pleading his case before St Peter. But the trial of his brother Wulfstan and of three others Douglas Ware, Richard Spurway, Allan Biggar did, I am told, start in September last year. Scheduled to last four months it is still, I believe, underway. But the awesome foursome are not letting the grass grow under their feet.
Shares in the fraud Worthington (WRN) were suspended on 10 October 2014. Almost a decade later in a case brought by the FCA, to whom I passed a vast trove of documents published on this website, four men sit in the dock. Devout Christian Aidan Earley, who claimed falsely that I stole those documents, is not present having passed away while the wheels of justice ground ever so slowly.
Even the Mrs was laughing this morning as I reminded her of how investors in Quindell and a couple of other frauds I exposed lined up to crowd fund Aiden Earley as he tried (twice) to injunct me and force me to take articles down. We defied the threats and those articles remain up to this day on this brave and courageous website and the trove of documents I dared to publish were all passed on to the FCA. The FCA has now charged Earley, his brother and 3 others, the Worthington 5, and they appeared in Court yesterday. As I scuttle off for a celebratory ouzo here is what the FCA states:
The extract from the Land Registry below is in the public domain and looks like a huge misunderstanding to me. Worthington (WRN) may be in administration but it seems the FCA have a few questions for its former boss Doug Ware. I am sure there is a perfectly innocent explanation for all of this.
I merely report the facts. Yesterday at 9.30 AM the matched bargain market Britdaq suspended trading in Whetstone (WHET) shares. Why? Well I suspect the clue is that the FCA paid a visit to Aidan Earley. I have not been able to speak to Aidan so just lift from his own blog his account of other events which I do without comment other than to say that I feel genuinely sorry for his wife and kids as it cannot have been pleasant at all. Over to Aidan...
If you believe certain prize Bulletin Board loons the demise of Worthington PLC (WRN) was all my fault. Moreover since the company had massive asset backing I should be hung drawn and quartered. Well sorry to break the news to you chaps but the Liquidator has published his first report. The news ain't good....
Just when shareholders in Worthington (WRN) thought they would have tradeable golden tickets once again it appears that Whetstone Capital, the son of the late Old Mother, has had its NEX Markets application rejected. We had been expecting trading to start within days but Allan Biggar, the chairman of Whetstone, has posted the bad news. Mr Biggar writes:
Well I never, it appears that the Worthington (WRN) Crew has indeed listed son of Worthington (WRN)or at least has filed an admission document. It looks as if Whetsone Capital (WHET) shares will start to trade on the NEX Markets lobster pot on January 5th.
Juicin Drumroll is going to accuse me of going easy on Aidan Early because he submitted a bunch of very funny moronic comments about the Worthington Newco yet he still didn't win. "Shenanigans!," I hear in the distance. "Rascality!"
It's a clear win for a bulletin board moron this week. The stupidest thing that I have read all month and I have looked at Nadine Dorries blog this month.
At last I hear you cry. It is finally here after months of foreplay - the new Newco website. Delights awaited no doubt but I wasn’t quite sure what form they were going to take. Anyway, it was with baited breath that I clicked on the address indicated in Aidan’s latest blog to ascertain what was behind those gilded gates. Noble Resolve has arrived – let’s take a look.
It’s annual appraisal time for the squad members with annual results for the year to 30 December 2016 due in for many of them by 30 April. It was always going to be the strong favourite that most would leave it to the last minute so thought I’d provide a quick summary of who announced and when and include some commentary on each.
On his blog, Aidan Earley recently denied that Newco is Flagship Global Corp, which I always thought was the most likely contender for Newco, and it may be that he is telling the truth. However, having now gained access to the pre-launch Flagship Global website, it looks incredibly likely that it is Newco or, perhaps more accurately, that it was going to be at one point. Take a look.
There were a raft of quality entries in last week's Bulletin Board Moron of the week contest sponsored by Master Investor, as you can see HERE. But the clear winner was prolific LSE moron Fonters, (submitted by Juicin Drumroll) who seems to think that those who shorted Worthington shares will find its liquidation a bad thing:
Slowly, slowly, catchy monkey. Further to my previous piece (HERE), Aidan Earley has updated his blog this week setting out progress on the launch of Newco and the issuance of share certificates to the Worthington shareholders. To be honest, I admire his tenacity and efforts here as it appears to be quite a tortuous route and sometimes I wonder whether it would be easier to defeat the Warlock of Firetop Mountain.
Well, not much comedy gold to mine this week but Aidan Earley does appear to have kept to his side of the bargain and it would be churlish for me to ignore it. Yesterday he updated the long-suffering shareholders of Worthington (WRN) on the distribution of shares in Newco. A few questions remain; nevertheless, after about two and a half years of one delay after delay, any half positive move in the right direction should be applauded. So let’s take a look.
It’s going to be a sad day when the Worthington (WRN) and Newco saga finally comes to a sorry end as it is comedy gold and Aidan Earley’s latest offering doesn’t disappoint. I thought I’d set out the full “announcement” that came out on Thursday with my commentary.
