With the Euros coming to a close, it’s appropriate to assess the performance of the Sub-Standard Shockers XI over the last month or so. Well, you know it hasn’t gone well when the best performers are those that have been in suspension for the period.
On Friday July 1 NunaMinerals was put into administration. I therefore suggested a day or two later, that the RTO whereby Nuna took over Main Market fraud Worthington (WRN) was off and that on Monday 4 July the UKLA would have to take action. Amazingly the chocolate teapots have done nothing. Truly these folk make the oxymorons at AIM Regulation look like a collection of Nobel prize winners. But it gets worse.
I did not create this but whoever did feels kind enough to get me and ouzo in here somewhere. As I explained earlier HERE Worthington (WRN) is now toast as of Monday Morning and it is time to call in the rozzers.
The former CEO of Danish listed NunaMinerals was owed cash by the company and yesterday managed to get the company formally declarred bankrupt in a court in Greeland - see HERE. That means that Main market listed fraud Worthington (WRN) can no longer procrastinate and claim to be in talks about an RTO. So it must be game over for Aiden Earley, Craig Whyte and Doug Ware.
Some of you will know I have a bit of a bugbear with the use of the Standard Segment of the Official List, particularly for small investment companies, so in the spirit of Nigel’s great work on the FilthyForty, I have compiled my very own football team of Standard List participants to follow throughout the forthcoming seasons.
Ooooooh is that a bankruptcy order in your pocket or are you just pleased to see me? Said Old Mother Worthington, played by Hattie Jaques. Aiden Earley, played by Jim Dale, gave a look of pretend shock and pinched Hattie on the bottom. Aiden is good at pinching. Craig Whyte, played by Sid James, is not in this film as he was detained elsewhere.
Shares in Worthington (WRN) have remaoined suspended for an eternity as we await details of an RTO by bankrupt Danish listed Nuna Minerals post its own refinancing by Green;land Mining, a company without a bank account. While we wait, Worthington has still not published its accounts for the year to September 30 2014 (not a typo). But now surely it is all over, the UKLA must simp;ly boot Worthington off the market ahead of its administration.
Did someone drop some acid into my milk just now because I really feel that I'm on a quite amazing trip. Aceeeeeeed! Its Worthington (WRN) panto time.
Brace yourselves: this is sheer comedy involving the fraud Worthington (WRN) and the Rangers pantomime brought to you from the bar of the Red Lion in Whiteleaf, Princes Risborough, Bucks where your host is landlord Tim Hibbert.
Until recently, dodgy Allan Biggar who is currently bankrolling Greenland Mining as a way of reversing Worthington into bankrupt Nuna, has been the respectable face of Worthington (WRN) - its all relative thanks to his membership of Jericho Chambers.
Heck. Everyone does the April Fool's thing don't they? And so the fraud that is Worthington (WRN) put out an RNS which we are meant to think is serious but is in fact a joke. Or in this case The Takeover Panel and LSE appear to think that it is serious but everyone else knows that it is just a joke, like spaghetti trees in Italy or Chelsea fans pretending they have always "supported the blues" from before they were good.
Nudged by a reader as we await the imminent death of Old Mother Worthington (WRN) in the snows of Greenland we bring you our latest spot the crook/caption contest - a photo of the Nuna Minerals AGM. Over to you, answers in the comments section below with a deadline of midnight today.
The farce at the fraud that is Worthington (WRN) continues and it looks as if it will be in the snows of Greenland that the final rites are read. Things are moving fast.
I just can’t help myself: fully listed (sort of, as it has been suspended since 13 October 2014 so it is more a case of the undead as it still has not been booted off the main market) Worthington Group (WRN) issued an RNS after-hours last night. Was it the long overdue results for the year to September 2014, which were promised to be released in March 2015 in an RNS released in Jan 2015, but are still outstanding almost a full year late?
The deadwood press is part of the problem not the solution. It is corrupt, staffed by folks seeking their next career in PR and so who print what they are told and also staffed by lazy mothers who think they have a right to be served stories on a silver spoon without any fact check. This week's howler from the deadwood press is from the Sunday Times.
It is good to see that the comedy show at Worthington (WRN) continues and now that must read publication, The Arctic Journal is on the case, exposing the latest problems for this worthless company.
As you will remember, the failure of Worthington (WRN) to file its accounts for the year to September 30 2014 had brought it to the attention of the Prosecuting Solicitors Department at Companies House. The story continues.
Tom Winnifrith's piece on Friday reminded me of a rare good news story to come out of Worthington Group (WRN) over the festive period and it relates to Oleg-Serguei Schkoda.
