Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It is probably the least of the problems of the insider dealing fraudster Laurence Moorse at Quindell (QPP) but he really does seem to be in a spot of bother with Companies House over non-disclosure at Ingenie. What is Larry so desperate to hide?
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Comments
turbograndad
Tom,
Hope its Mrs Doubtfire, not Mrs Brown from Mrs Browns Boys. case osserfer.
RPC
Good work, Tom.
Keep tightening that screw on QPP and all those involved in these dodgy dealings.
I once naively thought that the AIM was a slightly higher-risk version of the FTSE as it is the place where start-ups and innovative companies are floated, but was prepared to take that higher risk in return for the ground-floor opportunities I mistakenly believed it offered.
It took me several years research, and the loss of tens of thousands of ££s, to work out that the AIM is stuffed full of crooks, troughers, dodgy dealers and outright fraudulent companies and directors. Genuine AIM listed companies – if they exist at all – seem to me to be in the minority.
I appreciate the work that you and your team at Shareprophets are doing to expose the AIM cesspit. You have my full backing.
Jock
Not sure Ingenie CEO Richard King is too worried- currently in St Barths spending his ill gotten gains!
RICH
@Jock I doubt any of these guys are all that worried. This is the UK we’re talking about. If they were in the USA, they’d be sweating for sure.
RPC
Rich: “@Jock I doubt any of these guys are all that worried. This is the UK we’re talking about. If they were in the USA, they’d be sweating for sure.”
———————————
I’m sure you’re right.
But it shouldn’t be the case. That’s exactly what Shareprophets are trying to address.
Directors of AIM listed companies need to know that Tom is on their tail and that he and his team WILL examine their accounts and RNSs and WILL publicise their findings without fear or favour.
Shareprophets is the best thing that’s happened to the AIM – ever. An outfit that is prepared to shine a light and hold participators to account.
Dodgy directors of AIM listed companies should be running scared of Shareprophets – and about time, too. For far too long they’ve got away with financial sleight of hand that is tantamount to theft. In the real world they’d be behind bars. In the financial world they’re rarely even given a rap on the knuckles.
Well, maybe the fresh air of exposure to Shareprophets’ examination and publicisation of its findings will act as a much needed disinfectant.
2+2=4
Tom – any idea what’s happening at Superglass where a Director who is the nominee of Peter Gyllenhammar, the 30%+ shareholder, has resigned after only c 3 months on the Board after apparently not being involved in Board decisions?
Rich
@RPC Totally agree about Tom. He is a breath of fresh air among all the mealy mouthed, slimy, backside covering “lessons have been learned” types that infest modern business and the UK particularly. It’s incredible to hear a Brit stand up and tell the truth without fear or favour like that