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.
Bears are the new regulators, in fact the only regulators. Jabba the Hutt wants shorting banned. Worse still he is telling his deluded followers that shares in Afriag (AFRI) and his other dogs fell because of shorting. That is untrue as I explain in this podcast. I also cover: the after effects of ouzo, Frontier Resources (FRI), FastForward (FFWD), TrakM8 (TRAK), PeerTV (PTV), Sirius Minerals (SXX), London Capital (LCG) - in detail - and Jiasen (JSI)
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Comments
MrMoto
http://www.spectator.co.uk/2016/01/the-low-tricks-of-high-finance-how-greedy-bankers-weak-politicians-and-timid-journalists-could-cause-a-new-crash/
Cracking article, you’ll like thid
Mr £5 Casio Watch.
Off your radar for a long time… BHR.
From ‘The Moron’ boards.
http://www.lse.co.uk/ShareChat.asp?ShareTicker=BHGU&share=bh_global_$
AndytheMKDon
“All the conspiracy theories.
I’ve read some of the nonsense below and will give the following observations as to why we have lapsed any further actions:
1) Myself and Eddie got tired with funding the trips to London for meetings out of our own pockets, we have jobs and homes too. There were some genuine people prepared to “have a go” but there’s a difference between standing and holding coats and getting the sleeves rolled up !!!
2) Jones and Karstel are non-UK resident so its impossible to bring a court action.
3) The asset ownership was almost impossible to trace.
4) Vitol had first charge over the assets and tried to sell them without success, who wants a non-producing coal mine in the current climate.
5) The monies alleged to have been spent on the plant weren’t spent so a huge investment would still be needed to bring it to market.
6) Baker Tilley had no intensions of attempting to recover anything for shareholders and as of today have put the company into liquidation.
There are other reasons as to why we were not prepared to continue to throw time and good money after bad. All of you are free however to pick up the fight, I will even give all background information to any tangible person who wants to pursue the cause.
In summary you might also want to band together with thousands of other shareholders who have been turned over by AIM companies. I sat in a meeting before Xmas where another AIM company had run off with the silver, I was shocked to find they were running the company from a hot desk at serviced offices in Piccadilly, if you looked at the website it looked like they were running Microsoft.
I’m just tired of the whole sorry mess called the AIM market..”
AndytheMKDon
“As you say, Jones, Karstel and D’Almeida used BHR like a fruit machine that was always set on win. A lot of the scams on AIM link back to Perth Australia. It’s almost as if a group of Perth accountants saw an opportunity to mug UK investors with elaborate stories of distressed assets which they were going to turn into gems. The more we dug into the finances of BHR the more gut wrenching it became. They knew what they were doing, as all of them being non-UK resident knew there was never going to be any comeback by either the FCA, or any legal case brought against them. Justin Lewis has a lot to answer for too as a lot of the hiding away of assets was on his watch. But you know something, these guys inadvertently have taken money from a group of individuals who to say the least are pretty upset. I wouldn’t want to have the enemies these guys have made and spend the rest of my life looking over my shoulder every time I walk out of my house. Good luck fella and all the best.”
I am no judge of character but I got slightly involved and in my view the poster has had his heart destroyed because it was in the right place and the whole structure of AIM failed.
Presumably this means that if anything listed by ‘foreign entities’ or ‘foreign residents’ on AIM, or the other place, goes tits up as a result of them lying their arses off then, as appears to be always the case, they get to walk away.
How is the, wanna be ‘Freddie Mercury’, Hair Dresser these days?