UK 08:02 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
I have still not received a formal claim from libel from Worthington (WRN) but just to give the fraudsters a taste of who and what they are up against here is a quite damning leaked email which shows that company funds are not being used properly and that Worthington lies to its investors. Boy this is fun and The Sheriff of AIM has a lot more where this came from.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Scott Marshall
Even if it was repaid, where did the £800,000 of cash go to since this lot have been involved?
turbograndad
TOM,
The smell around WRN is getting stronger, not only one rat but a pack of them.
WRN buys 25% stake in Craige Whytes, Law Financial, with a view to the whole, and now this little ditty.
Good work Tom.
JustCurious
I am in no position to comment on the loans. However, I see no lie in the RNS.
My reading of the email is that Mr Simpson is stepping down as a NED because there is a risk that if he continues in the role then this could lead to a conflict of interests. It is indeed a “professional legal commitment” of all lawyers to ensure that they avoid acting in any situation where there is a conflict of interests and they are also obliged to take active steps to avoid being put in this position.
The RNS may appear to obfuscate some of the detail. However, data protection and client confidentiality would justify this exclusion.
Please explain how the RNS is “a lie”. I cannot even see how it could be deemed misleading, let alone false.
JENKINS
Mark my words, if this doesn’t relist the Worthington shysters will try to pin the blame on “trouble making journalists” Even though the FCA have probably been all over this for months following that final trade connected to Craig Whyte. If it was AIM listed, they maybe could have got away with it but main listing, they made a mistake there.
After what we have seen in the last couple of days, can we believe that a prospectus will ever arrive or are they just delaying the shitstorm that will errupt from PI when it doesn’t come back. The main players here face losing a potential 8 figure windfall if they can’t get this back on the road. It is a bloody scandal this was ever allowed back on the market in late 2014