Friday March 27, 2015
Should I vote Labour to tackle the Seagull Menace – the hot issue in Bristol East
TripAdvisor – what a bunch of wankers: bogus customer question
Weekly postcard #105 - where is the 10% discount for the true heroes : capitalists!

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Tom Winnifrith BearCast - 2nd March

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A pretty wide ranging podcast today but the theme is denial with a dose of China rubbish. I cover Worthington, Afren, Coms, Edenville Energy, Solgold, Craven House, JQW, Jiasen, Qihang, Naibu, China Chaintek, Camkids, Beowulf and more.

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Exclusive: A second CEO of a China AIM firm also under arrest – but the Casino wants more China IPOs

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I revealed yesterday how Houyan Lin of Naibu (NBU) has been rotting in prison since November 2014 yet his AIM casino shares carried on trading till January 9 2015 and there has been no RNS. Despite this – as I revealed a week or two back, AIM is working to get more China companies to list on the casino. Think again fools, now I can tell you about a second AIM CEO from China who has been arrested.

If you are a shareholder in Camkids, Jiasen or China Chaintek (with Naibu, the Fujian four) you might be wetting your pants right now. Fear not, your bosses have not been arrested. Yet. But you are bonkers hanging onto the shares until those Norfolks unravel.

So who is under arrest now? It is Li Yuanqing formerly the boss of AIM listed Qihang (EBIV).

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Weekly Postcard #102 – Driving into the clouds I see the past and the future

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I was meaning to devote this postcard to what a banana republic the UK is becoming but Nigel Somerville writes about that well enough on ShareProphets HERE and so instead I discuss my drive into the clouds of the high Taygetus of the Mani and bring you a few photos. Of the Church where I said thanks having almost driven off a cliff next door, of the past (a monastery) and of the future, the ghost village. I reflect on why there will be more places like that going forward.

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A song from Tom for Doug Ware of Worthington, Rob Terry of Quenron & Houyan Lin of Naibu

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Doug Ware of Worthington tried to bully me into not exposing his company as a top to bottom fraud with letters from his ninth rate lawyer, smears on his corporate website and by calling in the Police. Doug you picked on the wrong man. Folks round at Daniel Stewart threatened to beat me up partly because of what I wrote about Houyan Lin, Naibu and the other Daniel Stewart China frauds. They picked on the wrong man too. And so here's a song for you both and for Rob Terry of Quenron who played the same game. And for all the Bulletin Board Morons out there who smear, harass and threaten me.

Hat tip to reader (JPS) for this selection, in the words of another guy who was born a rebel (ie in Dixie in his case) and is called Tom...

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Tom Winnifrith BearCast - Worthington Wrap Up

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Everything I say in this podcast is backed by the leaked emails, documents and analysis of the 22 part Worthington fraud series run over the past couple of weeks. I hope the SFO and FCA/UKLA are listening carefully as I explain this fraud on investors and the Jerome pension fund from start to finish.

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Worthington Fraud shocking part 22 – Pension Fund Cash used to repay money Aiden Earley & Craig Whyte took from Worthington

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The contents of this article have had to be withdrawn – on a temporary basis because of an interim injunction granted to Mr Aiden Earley. We are appealing this matter as we believe that the activities of this convicted crook and disqualified director, and shadow director at Worthington, merit a wider audience. If you can make a small contribution to our rapidly growing legal bill to ensure that Earley is exposed please do so. Details of why we need assistance and how to help are HERE

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Exclusive: Which AIM CEO has been in gaol since mid-November? The casino’s darkest hour is now

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Yes you read the headline correctly. The CEO of an AIM listed company has been languishing in prison since mid-November and no-one has been told about it. Two Nomads, the non-execs, AIM Regulation you stand accused of contributing to the darkest hour of the Casino. Anyone who has bought shares since the incarceration you know who to sue. Surely heads must roll?

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The Worthington Fraud Part 20 – When Aiden met Doug

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The contents of this article have had to be withdrawn – on a temporary basis because of an interim injunction granted to Mr Aiden Earley. We are appealing this matter as we believe that the activities of this convicted crook and disqualified director, and shadow director at Worthington, merit a wider audience. If you can make a small contribution to our rapidly growing legal bill to ensure that Earley is exposed please do so. Details of why we need assistance and how to help are HERE

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Quindell – Oh Dear – the CCJs start – massive cash red flag

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Managing a company that has run out of cash is hard. You must delay paying bills until the last possible moment, keep the banks happy, try to generate cash however but in the end something cracks. If like Quenron you have net debt and are burning cash, you can stretch your average payment terms out to a disgraceful 122 days (and climbing) but in the end someone you owe money to takes you to court and gets a County Court Judgement (CCJ) against you. For investors this is a massive red flag.

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