5 days ago
At Companies House, Eden Research’s (EDEN) 29.9% associate TerpeneTech has finally published its long delayed accounts for the year ended 31 December 2022 originally due on 30 September 2023. We can now compare the disclosures made with those made by Eden in its accounts for the year ended 31 December 2022 published on 4 May 2023 in respect of TerpeneTech in Note 15. The results are set out below:
472 days ago
Eden’s (EDEN) 29.9% owned associate TerpeneTech Limited has finally filed its statutory accounts for the year ended 31 December 2021 on 19 December 2022, almost three months past the due date of 30 September 2022.
481 days ago
After 27 years of making losses, lying to investors and engaging in the odd fraud, the laughs continue at Eden Research’s (EDEN). Its 29.9% owned associate TerpeneTech Limited – with which it did a stunning Panama Pump fraud on more than one occasion - still hasn’t managed to file its statutory accounts for the year ended 31 December 2021 which were due on 30 September 2022. As an associate of Eden, Eden is presumed to exercise some degree of influence over TerpeneTech.
516 days ago
In today’s podcast I look in detail at recent events at Eden Research (EDEN) and at Revolution Beauty (REVB). Both companies could well be 2023 zeros.
572 days ago
As it prepares for its 28th year of miserable existence, the Eden Research (EDEN) fraud is still no closer to making a profit. Interims out on Friday were piss poor but behind the scenes is there even worse news?
1176 days ago
It was in August 2015 when a heavily cash-strapped AIM dog Eden Research (EDEN) engaged in a blatant Panama Pump style fraud with a company, Tepenetech, with which it had long been associated. The 2019 accounts for Eden, signed off by KPMG, still pretend that this is a legitimate deal. But Terpenetech’s own accounts for calendar 2019 are, finally, just out and the fraud is there for all to see.
1446 days ago
Eden Research (EDEN) published its final results for the year ended 31 December 2019 yesterday. They were dire. But that is not the issue that regulators should be looking at long and hard as they question whether this company is fit to stay on the AIM Casino.
2539 days ago
In August 2015 AIM Casino listed fraud Eden Research (EDEN) announced that it had sold a license to its long time associated company Terpenetech for £600,000. On the same day it announced that it had bought a 29% stake in (worthless) Terpenetech for £920,000 in shares. I quizzed Eden's PR man Paul "Queenie" McManus of Walbrook PR about this deal which was clearly a panama pump fraud. And Queenie lied to me.
2540 days ago
I asked my very good pals at the Financial Reporting Council, who we know are major fans of my work, to look into the fraudulent accounts of Eden Research (EDEN) for 2011, 2012, 2013, 2014 and 2015 on February 17 2016. Okay 2015 accounts were not out at that point but I was sure they would be fraudulent - they were. Now 2016 accounts for Terpenetech are out we have it again confirmed that the 2015 accounts were crook and 2016 accounts - due within days - will almost certainly be fraudulent. So I have written to the FRC again. The letter follows.
2590 days ago
The principal “assets” of Eden (EDEN) are its intangible assets of £5,290,000 and its investment in joke company TerpeneTech of £923,000 which together represent almost 60% of net assets at 30 September 2016.
2607 days ago
On 24 August 2015, Eden Research (EDEN) announced its now infamous deal (aka massive panama pump fraud) with TerpeneTech. That fraud is now unravelling big time as explained here. But let us revert to the RNS of 2015 which stated :
2608 days ago
AIM listed Eden Research (EDEN) has been engaging on fraudulent deals with related party company Terpenetech for six years now. The first deal was a sale which Eden booked but Terpenetech never paid for. Who cares, Eden kept that debt as a current asset for 5 years. Sure the auditors should have kicked up a fuss, the Nomad should have objected but this is AIM who cares about fraud! Of course the far bigger £600,000 fraud waited until August 2015. It was a panama pump classic as you can see here - but this is AIM and Nomad & broker ShoreCap wanted to earn big commission do a placing so everyone again turned a blind eye. But now the cover up is falling apart.
2672 days ago
Now Eden Research (EDEN) is forced to break accounting rules and lie in its interim results RNS to cover up the Terpenetech panama pump fraud. Will commission hungry Nomad and broker Shore Cap force a clarification or even do the decent thing and resign and turn whistleblower. Whaddya think with another bailout placing looming. Commission yum yum. back to the rule breach and the lie...
2682 days ago
Today's end of year trading statement from Eden Research (EDEN) is a disaster. It does its best to distract you from a looming cash crunch and a profits warning but what it also makes clear is that the Terpenetech deal of August 2015 was a fraud. How do we know? Because it is not mentioned. It is swept under the carpet. FRAUD, FRAUD, FRAUD I say again FRAUD.
2911 days ago
Hat tip to Drunken sailor for spotting that joke company Terpenetech Ltd which has been used to facilitate fraud at AIM listed Eden Research since 2011 has filed its accounts. For what it is worth they again point to the monumental £600,000 fraud of August 2015.
2967 days ago
I have to date reported four companies to the Financial Reporting Council asking it to investigate accounts which I believe to be fraudulent and or misleading. So where am I with these four and what is the common thread?
The first to be dobbed in was Quindell. The FRC publicly acknowledged that it widened the scope of its enquiries as a result of my letter and Quindell was found guilty on all sorts of counts. Expect disciplinary action AFTER the Serious Fraud Office has made its arrests.
The next three are Eden Research (EDEN),Servision (SEV) and Avanti Communications (AVN) which all stand accused (by me) of unacceptable revenue recognition policies.
2967 days ago
Paul "Queenie" McManus of Walbrook PR has repeatedly briefed bulletin board morons who own shares in the fraud that is AIM listed Eden Research (EDEN) that I refuse to meet the company. That is a lie, I want to meet Eden, to record a podcast, and have made it clear I will head to its HQ in Cirencester. Yet Queenie declines to name a date. Why?
My offer is simple. I have twelve questions regarding Terpenetech. This is a SPV set up in 2011 which has been involved with accouning and securuties fraud with Eden for four and a half years. Without this fraud Eden would be bust.
2978 days ago
For a second I will park the five years of fraudulent activities of Eden Research (EDEN) with regard to Terpenetech and move on to why it is breaching AIM Rules ( Number 11) with regard to non disclosure of material information elsewhere.
On the fraud side, PR drama Queen Paul "Queenie" McManus is still happilly chatting to Bulletin Board Morons claiming I won't meet up with his client Eden Research (EDEN). Queenie knows full well that I am happy to meet at Eden HQ any time if Eden answers questions on its five years of fraud with Terpenetech but he is running and the arsehole thinks that smearing journalists actually helps his professional standing? But lets get back to Eden - target price 0p as it runs out of cash.
2987 days ago
Drama Queen PR man Paul McManus of Walbrook and Sean Smith CEO of AIM listed Eden Research (EDEN) have yet to accept my invitartion for an interview. It is very simple. Eden Research has committed wholesale FRAUD not once but in 2011 then on a smaller scale in 2012, 2013 and 2014 and then on a massive scale on 25 August 2015 with a company called Terpenetech. Without that fraud Eden would be insolvent. But Smith and the Queen just will not answer questions.
2998 days ago
We have clearly demonstrated that Eden Research (EDEN) managed to get a covert placing away with its panama pump securities fraud deal announced with Terpenetech Ltd on August 24 2015 and revealed HERE. But this is not the first time that Eden has hoodwinked its investors with Terpenetech..let's go back to 23 June 2011.
2998 days ago
Surely there cannot be more than one Terpenetech that does fraudulent deals with AIM Casino listed (for now) Eden Research? Well that is what I was wondering because there are in fact two Terpenetech's out there.
