Tom Winnifrith's BearCast - Time to revolt against the Crony Capitalist nomads, brokers, PRs and boards

Comments

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   alcira16247

   6 December 2014, 02:20

   Tom

   Once again, bang on the money! First rate analysis of the present malaise on AiM.

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   Forty Two

   6 December 2014, 03:29

   “They all use the same coke dealers” – fucking priceless…

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   turbograndad

   6 December 2014, 07:06

   TOM,
   I know, I was that investor, and totally agree. What you have with these tossers is as elsewhere in British Society, and so called democracy. We have a deferred democracy, where people do it on our behalf AKA MP’s, look at what you get there. We need direct democracy not just in politics, where we have a cosy party political cartel, but as you say direct shareholder, and stake holder involvment. I think that we have all got lazy or have been institutionalsed into thinking that someone else will do it for us, and that they will look after us WRONG. Theres the rub, they don’t, they use it for their advantage, the insiders they are everywhere, extracting the urine. Your insiders in the AIM casino, are the same as anyother group of insiders to a different degree, they are avin a larf, so are MP’s. Its called intellectual inbreeding, when you get a all innit together mindset, and as with inbreeding in nature, you get deformation, and ugliness, and mal practice and mal anything, you get mind mutation, and institutional dysfunction, as you see now with AIM and its insiders. First we need to recognise this, and then take action, but alot of morons, as you know are their own enemy. You, Aliceria, and a few other faithfull followers, and me are lone voices at the moment. Human nature can be an ugly thing, REVOLUTION, even Russell Brand had cottoned on, I ‘ve been on it for awhile. The baby boomers let us down, they preached it, then discovered sex, drugs, rock n roll, wore Che Guervara T shirts, then went back to sleep again, now collecting their pensions, but that another story.

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   Steve2926

   6 December 2014, 11:21

   Just an idea…
   There’s no point in individual share holders writing to a Company that they hold shares in – they will just be ignored.
   However, why not set up a website where people can vote in support of a ‘Resolution’, that way we can see just how much support there is and the Company can see it too.
   You would have to declare (say) your full name, address, tel. no (which would all be confidential) and number of shares held. This would be in an attempt to prevent false ‘voting’ by non-shareholders.
   e.g. Company XYZ (EBDIC:XYZ) – 123,439 votes so far for ‘Mr C should not receive C £5.4m as a Golden Hello – it should be much less and performance related’
   There could be a Forum where a Resolution can be proposed and discussed, and the final wording of the Resolution decided before it is posted up for voting.
   Maybe ‘NoToCokeandHookers.com’

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   turbograndad

   6 December 2014, 12:45

   Steve2926
   Good fledgling idea, something like when we e vote, or petition our MP’s to do this n that, a forum for genuine shareholders varifiable, to connect and lobby CEO’s & BOD’s of said companies. What ja think TOM!!!!!!!!.

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   Cliff Morris

   6 December 2014, 13:16

   Good stuff again Tom. Steve 2926 good idea in principle. I did write to one AIM CEO a year back stating my concerns
   on the missed targets, delayed completions and massive dilution. To his credit the CEO replied immediately telling me that his board were paid 30% less than the highest paid AIM company board members and that they had a great business. What he didn’t mention was that they also awarded themselves a bundle of free shares every year. Now the shares are worth 30% less than at the time of my complaint. Did no good at all. As much as anyone I blame the authorities including that clown of a ‘Business Minister’ who bottled out of a proposal to have representation of retail shareholders on the board of these small companies.
   Tom, Once QPP has sunk to the murky depths how about having a look at one of your old friends Andrew Bell, another serial failure, a confetti scatterer.

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   David Russell

   6 December 2014, 14:21

   Most Companies ignore small shareholder and when they delist its worse they right your holding off all together. The fact is most of the people who run these companies do not have to raise money they can afford to fund them their self’s but instead they go to mugs like us who put are savings into them and then they drain it. A dog with fleas as they say. They lie on RNS and get away with it. How can you put your name to something and get away with it. I hold shares in one company that the one director had to look at the RNS because he was not sure on what it said. He never phoned me back. A liar as to have a good memory but that is bullshit when you am on loads of money and the company is making a massive loss.Then instead of them reducing their salary they issue more shares to Muppets like me to fund their life style. I hate it when I get involved with a dog because its not the money with me its the fact you feel stupid for being ripped off and it is fraud

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   Warun Boofit

   7 December 2014, 03:25

   Years ago I did a lot of business miles up and down the motorways, completely pointless time spent clocking up 40000 miles a year, I always welcomed boiler room operators calling me on the mobile for a conversation lasting as long as I could spin it out before they realised they were involved in a reverse wind up, it was better entertainment than Desert Island Discs or Womans Hour but sadly they rarely call me anymore. My theory about the reason for the lack of calls is that most of them have moved from being boiler room scammers to become directors of AIM companies and brokers, they know they can now get away with more than they ever could in the old days. I think the problem the Quindell investors have apart from losing their money is that they just cannot accept that they could be taken in, after all some of them claim to be solicitors and accountants, getting caught this way is something they associate only happening to elderly people with dementia so the continuing self denial is in my view understandable its not just about the money anymore. I think on a practical level the Quindell debacle shows just how few people make use of a tool which costs them nothing to make use of, the guaranteed stop loss, how many of them are sitting with massive portfolios of shares with absolutely no downside protection ? Quindell is meant to be a company involved in the insurance business and yet most of those investors losing money have taken out absolutely no insurance to limit their losses, yet they probably all insure their house, their cars, their life but obviously not their money.