3 days ago
https://shareprophets.com/views/77568/aim-market-statistics-for-october-2024-another-month-of-decline-on-the-casino
149 days ago
The New Year has started with a further decline of a net 9 companies with 2 New Issues and 11 Cancellations taking the market down to 744 companies. That means that “the world’s most successful growth market” now has fewer companies listed than at any time since November 2003. But in 2003 the casino was expanding with a net 50 companies joining. These days the Casino is reversing faster than an Italian battle tank.
174 days ago
For having their shares suspended for more than six months because of a failure to publish interim and full year accounts, Advanced Oncotherapy (AVO) and Live Company (LVCG) should have been booted off the AIM sewer on January 1 and February 1 (today) respectively. But on the “world’s most successful growth market” it seems that rules just do not matter. Or perhaps because it is shrinking so rapidly, the regulators will not boot anyone off. In both cases, the companies are – as things stand – insolvent.
254 days ago
Today’s junior mining disaster on the AIM Casino is Landore Resources (LND) which has announced that its proposed dual listing in Canada and an associated C$5 million placing has been pulled. Just how much of a financial black hole does it now face? And how soon will it fall into it?
255 days ago
November was yet another poor month for the AIM market as for the second month in a row there were no new admissions and for the third month in a row there were 9 departures reducing the number of AIM companies to 760 just marginally higher than at 31 December 2003 almost 20 years ago. It gets worse.
289 days ago
The numbers do not tell a lie and are truly dreadful. In October nine companies left the casino and zero joined. That makes it the worst month of a dreadful year to date which has seen 59 departures and just 12 arrivals. The number of companies on the sewer was 769 at the end of the month, the lowest since early 2003. But there is a more damning statistic.
298 days ago
On 13 October 2014 I wrote a piece: “Peter Hill (MA Oxon) of Global Petroleum – a case study in AIM casino piggery”. Global (GBP) shares were then 3.5p down from 12p three years prior when Hill took over. Hill has trousered millions since then and the shares are now just 0.0675p and that could well be 0.0675p too high for there is a horrible warning today.
323 days ago
The AIM Market statistics for September 2023 have arrived. It is another shit show from the self styled world’s most successful growth market and a reminder to those crony capitalists heading to the black tie AIM awards beanfeast next week what a total “fuck you” message that sends to those ultimately funding the ceremony, that is to say ordinary investors.
493 days ago
When you float a business on the AIM Casino your Nomad will stress to you that the IPO is not the end of the journey but the start and as CEO you are there to grow value over many years for those backing you with their cash. And that brings us to ProCook (PROC) where founder shareholders, notably CEO Daniel O’Neill made £27.4 million selling shares to poor dumb fund managers in November 2021 as the company joined the casino. Today O’Neill has stepped down.
674 days ago
The AIM Market statistics for December 2022 have arrived. There were 12 cancellations and 2 new admissions in the month so the AIM market ended the year with 816 participants, the lowest since 2003 when AIM was adding more than 100 new companies a year.
696 days ago
The, self-described, world’s most successful growth market, aka the AIM Casino, had a dire November and December will be worse, the sewer is heading for 19 year lows in terms of listed companies.
1361 days ago
Perennial AIM casino disappointer TrakM8 (TRAK) started today’s statement with the good news: a modest contract win. But this company never fails to disappoint and so having hyped its H2 prospects before Christmas now we have the bad news.
1367 days ago
We live in times of sheer insanity. It is a rampers’ paradise and cometh the day cometh the four horsemen of the rampfest apocalypse. I bring you a tale of sheer insanity from the Aquis lobster pot market, formerly the NEX Exchange. It starts with what was once PGC Entertainment (PGCE), a serial uber dog which was eventually slung off the AIM casino. I should say that its boss is my pal Richard Poulden.
1396 days ago
Shares in Ms Willingham’‘s AIM listed Nightcap (NGHT) are the 3rd biggest riser on the Casino today, up 26% at 17p on the back of an article in the Mail on Sunday by Ms Harriet Dennys which, as I poingted out yesterday, is totgal bollocks and a deceipt. It quotes Ms Willingham and the question is has she told a monstrous lie. or is Ms Dennys just making things up? With the shares roofing it I have written to the Oxymorons at AIM Regulation as the company needs to comment urgently. This is a false market.
1408 days ago
If you have invested in the IPO of her Nightcap (NGHT) company on AIM I suggest that you have been. This company could go bust by the summer and should never have been allowed on the Casino. What on earth have Nomad Allenby and AIM Regulation been smoking?
1435 days ago
You cannot say that I have not warned you all so many times that Octagonal (OCT) would end in tears. Corporate Governance and related party deals involving boss John Gunn were shocking and Nilesh Jagatia is, without doubt, the worst FD on the AIM casino. Today came news of a delisting and the shares have collapsed by almost 70% to just 0.7p. I do hope that the Bulletin Board Morons who knew so much better than useless old Tom Winnifrith, were well lubed up.
1438 days ago
After the company’s PR firm managed to persuade another lacky journalist at the Sunday Times to do a massive puff piece for Nightcap, a firm run by Dragon’s Den Sarah Willingham, I am this morning invited to invest in the AIM Casino IPO via Primary Bid. Here is what the Sunday Times and other pliant hacks do not tell you and this is why “I’m out” on this one. I’d rather eat my own toenails than invest.
1442 days ago
I accept that you might justifiably question a minor institution in the Fens which has historically only excelled in the production of homosexual Russian spies. But Cambridge University is not all bad and today it has served up data which should send shivers down the spine of those holding shares in Novacyt (NCYT) or planning to back the luducrous AIM Casino IPO, announced today, of Abingdon Health.
1466 days ago
Over the weekend, I revealed the second reason why the RNS issued by cash-guzzling AIM Casino promote Powerhouse Energy (PHE) was grossly misleading. I have now written to the Oxymorons at AIM Regulation urging them to force Powerhouse and its shoddy Nomad WH Ireland to issue a full clarification and to face formal censure.
1466 days ago
Lekoil (LEK) – the AIM casino company of fake sheikh infamy – has today announced that its Nomad, Strand Hanson, will quit with effect from 20 November, that is to say Friday. But fear not, discussions with another Nomad – one would assume the joint broker SP Angel which will act for anyone at all, no questions asked – are “advanced”.
1534 days ago
Welcome Lord David Willetts to the world of turd polishing on the AIM casino and your first interim results at Verditek (VDTK). It’s time for some more share ramping and lying to investors as you guys really do need a bailout placing asap.
1541 days ago
Limitless Earth Plc (LME) has published its annual report for the year ended 31 January 2020 which was approved on 30 July 2020. Readers might recall in my previous article I called out a number of issues with respect to the accounts as prepared by Nilesh Jagatia a man who is, without doubt, the worst FD on the AIM Casino. And the competition for that title is truly intense.
1551 days ago
Shares in FastJet (FJET) have today left the AIM casino so are now untradeable as well as, essentially worthless. Remaining investors face mega dilution or administration or most possibly both. Having warned folks extensively over the years about an operation first set up to smuggle tobacco and which just could not turn a legitimate cent I feel somewhat vindicated. But there is more… Citigate Dewe Rogerson and the half to £1 million of shareholders cash spunked on nothing!
1589 days ago
This work is not mine. The author craves anonymity but the dossier below is excelllent, detailed and makes a compelling bear case for a darling of the AIM Casino. The author wants the work to see the light of day and so wishes it to go out in my name. If the company has any objections or wishes to get bully boy lawyers involved, it can direct them to me. We will see the bitchez in court! Enjoy. This is devestating.
1607 days ago
Blur Group (BLUR) floated at 82p and half a decade and a name change later delisted from the AIM casino at 0.23p. In its five years of AIM casino infamy led by CEO Philipl Letts and his ghastly Mrs, Kara Cardinale, who was the Chief Delivery Officer, it was slammed by the FRC for dodgy accounting, had numerous lack of profits warnings and bailout placings and was a case study in value destruction. As a reminder here is the track record during Letts’ tenure as CEO:
1608 days ago
With shares in Avacta (AVCT) ludicrously overvalued at 138p the company rightly fears that when the second tranche of stock from the recent placing at 120p is admitted to the AIM Casino tomorrow there will be a line of folks wanting to flip. What to do? Of course, get your evil morally bankrupt PR spinners at Yellow Jersey to issue complete non news and make it sound exciting. Heck Yellow Jersey managed to persuade suckers to pile into mega and obvious fraud Frontera (FRR) so they can push any shite uphill. For a while at least.
1618 days ago
I start with a few words on the hard working, courageous and heroic teachers. Then it is Barry the Tit from Turner Pope who cannot read and insults the professionalism of Gary Newman but raises a wider point about how AIM and brokerages operate. Barry is a tit but I regard his employer as Best of Breed although if I had my way the breed would not exist if the Casino was run according to new rules I suggest. Finally a look at the idea from Eric “snotgobbler” Platt of the Financial Times that the greatest living investor, Mr Warren Buffett, might be past his sell by date. Hat tip on the last point to Jim Mellon.
1627 days ago
At every step the last few days have seen Powerhouse Energy (PHE) show everything that is wrong with life among the dregs of the AIM Casino. Today a new chapter but as a reminder….
1628 days ago
In yesterday’s bearcast I discussed why Boohoo (BOO) did not move from the AIM casino to the main market. Some interpret this as me saying the shares are a buy. Au contraire on a PE of 60 the risk reward trade off looks dreadful. Yesterday i recorded a video with Boohoo’s greatest critic Matt Earl and that should go live within 24 hours and that will, I suspect, raise many more questions that bulls cannot answer. Now the Sunday Telegraph brings news of US legal action and I publish the Ciurt filings in full below. Ouch!
1628 days ago
Attis Oil & Gas (AOGL) formerly Mayan Energy and Northcote Energy has long been a stain on the underbelly of the AIM casino. Today it enters a new chapter of infamy and once again the architect is broker Peterhouse Corporate Finance. Before today there were 3.9 billion shares in issue. Now, following a debt for equity swap and a placing at just 0.0115p, there are 14.7 billion and Peterhouse has been given enough warrants to take the fully diluted total to 15 billion.
1643 days ago
Myself and some friends from here, the last village in Wales, walked the track around the 3 farthest fields at the Welsh Hovel and it is 1.1 kilometres long. That means that on June 13 I shall walk the circuit 50 times exactly raising the money Woodlarks needs just to survive into 2021. Today I did three laps as I faced a busy day. Tomorrow it will be ten. Please donate a few quid today HERE. In the podcast I consider in long detail the timeline of major share dealings at AJ Bell (AJB) which just does not look right to me. There are a stack of questions going begging. Then it is onto Eurasa (EUA) and what will happen on Friday. Will SP Angel again show that it will act for anyone or will AIM Regulation wade in to ensure Eurasa is booted off the AIM Casino? I discuss that matter in detail.
1643 days ago
If morally bankrupt Nomad of choice for fraudsters SP Angel has not agreed to act foir it by Friday, Euasia Minining (EUA), whose last Nomad quit in disgust at Eurasia’s antics, will see its shares slung off the AIM casino. I wonder if even SP Angel might find acting for this company, valued at suspension at a ludicrous £200 million, a step too far.
1653 days ago
At the half year ended 31 March 2019, Catenae (CTEA) had net liabilities of £389,980. After adding the net loss for the second half of £287,330 (based on unaudited full year loss of £789,565 less half year loss of £502,941 and extrapolating the loss for another 7 months to end of April 2020 of £335,000 (based on 2nd half year run rate) results in net liabilities of £1,022,310.
1654 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.
1674 days ago
I am not sure how Nomad Strand Hanson managed to sign off on today’s misleading RNS from Nostra Terra (NTOG) but maybe we have all just come to expect that Matt Lofgran et al are just allowed to say whatever they wan t with no comeback. This is the AIM casino after all.
1688 days ago
Oops… this is more than a bit embarrassing for Goldstone Resources (GRL), its boss Ms Emma Priestley, hapless Nomad Strand Hanson and indeed the wider AIM Casino, aka the world’s most successful growth market. Shares in Goldstone were suspended at 1.30 PM as it appears the company does not actually exist and has not done so for half a year.
1694 days ago
I swear i am not joking. I discuss my life with Evil (no, Mt BBM we are not gay lovers, stop sniggering at the back) and his remarkable macro view. I also reveal I have a treat for you all, keep May 8 in your diaries! In terms of stocks I look at the scandalous flouting of almost every rule by AIM Casino posterboy Conroy Gold & Natural Resources (CGNR) and the wider issue that the Oxymorons at AIM Regulation will do SFA about. I look at Burford (BUR) and more vindication for my pal Carson Block of Muddy Waters, at Carnival (CCL) – sorry Three Brains - and at Coro Energy (CORO) where the curse of James “Dracula” Parsons strikes again.
1695 days ago
Limitless Earth (LME) is an AIM casino listed investment company which employs Nilesh Jagatia as its part chief financial officer at rate of £24,000 per annum. By CFO standards this is a pretty low amount but based on our findings below Limitless shareholders are being overcharged. After all, there is compelling evidence we have provided, over many years, that Nilesh is the worst CFO in London.
1696 days ago
I start with a look at dividends in general and why they should be cut or axed but I discuss as per today’s most excellent article from Chris “Three Brains” Bailey Imperial Brands (IMB) and Shell (RDSB) in particular. I am tempted to buy both becuase i think their shares will go up AFTER an inevitable dividend cut. I discuss what a moron Jeremy Corbyn is and my anger at an Oxford institution wanting Government cash. I look at Zenith Energy (ZEN) wondering if it has found more fake sheikhs drawn to the AIM Casino and also at AIQ (AIQ) – which continues to amuse.
1699 days ago
Two house keeping matters. First please send Darren pictures of the view from your window & your work space during the lockdown to provide a daily distraction. Darren has kicked off the series with a snowy scene from his Canadian bolt-hole HERE. Second please do offer nominations for the rogue AIM & Standard List directors. If you are afraid of libel just nominate a name & company and Nigel and I will do the rest in a song & dance presentation on May 8. Details and nominations are HERE. In today’s Bearcast I look at the demise or otherwise of Carluccio’s, Virgin Airlines and Big Sofa (BST) and perhaps of the AIM casino itself.
1710 days ago
It was slung off the AIM Cesspit after just a few months back in 2015 but not before Roland “Fatty “ Cornish, London’s worst Nomad, had made a killing from listing fees and cashing in warrants and dumping shares. Now the company has gone bust … readers of this website cannot say that they were not warned that this would end in tears.
1718 days ago
AIM has released its market statistics for the period to the end of February 2020 and this saw the number of companies reduce from 851 to 847, a modest net reduction of 4. Two new issues raised £23.5 million. The run rate of new issues in monetary terms continues at a much lower rate than last five years average monthly new issues and this includes the poorly performing 2019.
1733 days ago
In today’s bearcast I discuss how little shorting actually takes place on the AIM Casino, I look at Eurasia (EUA) where the slience is deafening, Versarien (VRS) and at Hammerson (HMSO) where Andrew Monk should thank me for warning him off but should NOT be tempted to bottom fish after the dividend is cut this week. And 8% yield, post cut, is still illusory. Finally, I again ask you to sponsor the , now 5, Rogue Bloggers for Woodlarks HERE
1740 days ago
I start the podcast with my torture in trying to transfer a pension from the Daily Mail to my SIPP. It got so surreal this week but I might be making, expensive, progress. Then I look at how we often jump to easy conclusions when a share price falls. I am guilty of one such lazy jump. I refer to Versarien (VRS) and UK Oil & Gas (UKOG) in this section. I also have questions for Versarien and its hapless Nomad Bobbie Hilliam of Quindell infamy about the recent spike in its share price. Then I look at Bidstack (BIDS) and investors in denial and finally at Ian Smith and MXC Capital (MXCP) which is leaving the AIM Casino which is NOT what it should do. Smith is in denial too.
1740 days ago
Since Tuesday morning shares in Eurasia Mining (EUA) , a darling of the bulletin boards and the star performer on the AIM Casino so far this year, have been suspended. The longer the suspension lasts the more extreme conspiracy theories, both bull and bear, do the rounds. The company made one brief statement on Tuesday afternoon:
1750 days ago
The AIM Casino, a.k.a. The World’s Most successful Growth Market, has released its market statistics for the period to the end of January 2020 and this saw the number of companies reduce from 863 to 851, a net reduction of 12. If you ignore Open Orphan which appears as both a new entry and a cancellation there was 1 readmission and 1 new admission raising a grand total of £7 million in new money.
1755 days ago
Two sources whom I trust told me that Eurasia Mining (EUA) was doing a placing via Optiva. And so I ran the story, first giving the company the opportunity to comment, an opportunity it passed up on. The shares had been falling for a few days and that is normally a good sign, on the insider dealing plagued market that is the AIM Casino, that a placing was underway. So I guess a few folks sold on the basis of the article. Fear not folks, count it as a lucky escape.
1769 days ago
Lucian Miers and I have covered Versarien (VRS) many times, looking at the maths as to why the shares, at 79.5p having fallen back a good bit, are still monstrously overvalued. It was one of Lucian’s sell tips of the year HERE and he, and I, reckon that fair value is sub 10p. Eurasia Mining (EUA) is another AIM casino ramp which, on fundamentals, looks to be massively overvalued. I would not be a buyer of the stock even if it fell by two thirds from the current 4p.
1774 days ago
I start with an update on ADVFN’s paedo guy, then it is onto the role of Nomads on the AIM Casino, what they are meant to do and the problems they face. I look at three Nomads and their clients: Lekoil (LEK), Versarien (VRS) and Anglo African Oil & Gas (AAOG) plus I discuss Tizania (TILS) and today’s monster spoof from almost insolvent Iconic Labs (ICON).
1776 days ago
As I reveal that it is not only Versarien (VRS) up to no good in this respect but also Eurasia Mining (EUA), I wonder which other shameless PLC rampers are up to no good and will AIM Regulation do anything to stop an increasingly disorderly market becoming an open sewer? I look at retail shares and real estate plays on that as more evidence emerges that my very long term “avoid the lot like the plague” stance was correct. I look at changing brokers at Cenkos (CNKS) and Condor Gold (CNR) and Premier Miton (PMI) and what the AIM Casino demise of SalvaRx (SALV), where managers are talented, says about the dangers of backing a cash shell.
1781 days ago
I do not wish to be seen as a pedant but an RNS statement is meant to be, you know, like, er, accurate. And thus as an upstanding member of the AIM Casino community I have penned a quick email to my pal Liam Murray at Nomad Cairn Financial about today’s RNS from ValirX (VAL) which appears to fail the accuracy test. I write.
1813 days ago
Hey Carson – why aren’t you flying me out, all expenses paid, to LA for the Fidouchies event below? I’d love to meet you and be even keener to meet Stormy. What would a celebration of financial misdemeanours be like without a Brit there to represent the AIM casino?
1833 days ago
I have never been a fan of this dog from the AIM Casino kennels as my scathing coverage on this website demonstrates. But now a shareholder appears to show that Scotgold Resources (SGZ) has committed market abuse. I’d go further, I believe that it has deceived investors on an industrial scale as to its cash needs, ahead of an equity refinancing. After publication of the company’s annual report the shareholder has written to regulators flagging up the issue. I will now be contacting regulators and also the company’s shameless and disgraced Nomad SP Angel of MySquar and BlueJay Mining infamy, to pursue this matter. The shareholder, Mr C, writes:
1835 days ago
We live in a world where lying and deceiving of others is now deemed acceptable. Whether in politics or business, sport or indeed any aspect of life, the ninth commandment is now seen as something that need not be obeyed. I do not regard this as progress and that brings me to AIM Casino dog Plutus PowerGen (PPG), its colourful directors James Longley and Charles Tatnall who have featured here many times and its pliant Nomad Allenby which will sign off on almost anything.
1837 days ago
Bet against the great Northern Bear Waseem Shakoor at your peril. He is invariably right and his ability to spot frauds and overpromotes is uncanny. So I asked the great man what he considered the five most overvalued stocks on the AIM casino. With an answer that will make him even more reviled on the Bulletin Boards, Waseem said:
1853 days ago
As Gabriel Grego recalls in ShareProphets Radio podcast 13 , the reaction to him exposing the fraud that was Bio-On on Italy’s AIM Casino was typical: evil shorters, talking to our lawyers, all part of a conspiracy by evil Jews against a great Italian company, etc, etc. The original dossier from July 24 2019 was HERE. It has not taken long for complete vindication.
1858 days ago
On Friday 18th October shares in Plutus Powergen (PPG) started to tank. By pure coincidence, we discovered today that its only credible director who had industry expertise, the Chief Operating Officer Paul Lazarevic, quit by email. Nothing to see there officer, no insider dealing as this is the AIM casino, this is all just a strange coincidence no need to check out the share trades, move along swiftly please.
1858 days ago
On 17 April 2018 AIM wannabee miner Amur Minerals (AMC) announced to great fanfare a scheme whereby directors and other senior managers would collectively buy £5000 worth of shares a month for a year. At the time, wityh the shares at 4.5p to sell, I wondered if it was a spoof. But as each monthly announcement of director share buying came out some folks were encouraged. Today, with the shares at 1.65p to sell, I demonstrate that this whole scheme was a spoof.
1868 days ago
As the recently published ( just days before deadline) Strand Hanson accounts for the year ended 31 December 2018 show, life was tough in 2018 for AIM Casino Nomads and brokers. But it could get much worse as the annual report, below, makes clear…
1868 days ago
At tonight’s crony capitalist black tie AIM awards dinner paid for by you, long suffering AIM investors, I suggest there should be a special award honouring the rapacious greed of the man who floats and represents the bulk of the shittiest companies on the AIM Casino, Mr Roland “Fatty” Cornish. The annual report for calendar 2018 for his company Beaumont Cornish, has just been posted on companies house having been submitted three days before the nine month deadline (like client, like advisor) and is shocking as you can see below.
1874 days ago
Eleven days ago I exposed the funding crisis at AIM casino dog Brady (BRY) which it, and its Nomad Lagos Securities, had hidden from investors for a long time, The shares were then 26p. Thanks to my correspondence with AIM Regulation it was forced to, at least partially, ‘fess up to its problems. As I write the shares are now 4.05p having crashed another 46% today. Time for an urgent statement and share suspension methinks. Specifically we need to know:
1880 days ago
Okay I mix and match with my 1970s camp humour but one needs to seek something of joy if you are a shareholder in Management Resource Solutions (MRS), the AIM Casino dog whose shares are currently suspended as it works to get its operating subsidiaries of out the hands of the administrators in Oz. Things have just got worse. Much worse….
1880 days ago
Following a dire sales and lack of profits warning on 21 August, AIM Casino listed software outfot Brady (BRY) has today served up interim results which are both piss poor and fundamentally misleading. Quite simply, as things stand, a reliable source tells me, the company will not be able to meet payroll in November. Worse still there has been massive material non disclosure of the mess this company is in.
1894 days ago
Warning: Do not play this bearcast in front of children or folks of a sensitive disposition. In the podcast I reflect on why the Welsh Hovel is currently like Hell on Christmas Eve. I cover the exact role of the house broker on the AIM Casino, i3 Energy (i3E), Quindell (QPP), Providence Resources (PVR), RiverFort Global (RGO) and Iconic Labs (ICON).
1894 days ago
Fake Sheriff of AIM Marcus Stuttard and colleagues what a shit-showeryou preside over. Thanks to Adept Technology (ADT) we have a stat that damns you. I discuss this, the comedy/tragedy that is Providence Resources (PVR)/ Lansdowne Oil & Gas (LOGP) and their Chinese pals. I look at IP Group (IPO), its results, its balance sheet and its association with the stench of Neil Woodford. Apologies to the fragrant Lizard for my words. And I chat about chatting to Carson Block of Muddy Waters about Burford (BUR) and other matters.To get the Carson Block podcast downloaded to your phone register HERE
1900 days ago
The AIM casino ramp de jour Versarien (VRS) has made great claims about its US operations but if you start digging it all looks rather less transparent so here are a few easy questions for the twitter obessessed CEO Neill Ricketts.
1917 days ago
I start with a discussion of how young and inexperienced most sell side analysts are and why that bodes so badly for the horrors that will emerge in the coming bear market. I move onto Versarien (VRS) a pointless deal and accounts that contradict themselves, I look at Burford (BUR) and the sex tapes allegations as well as my own on Napo and then finally at forex service ProphetFX which is drowning in red flags as is AIM Casino rubbish Nostra Terra Oil & Gas (NTOG)
1921 days ago
I was once a believer as shares in the satellite company Avanti Communications (AVN) soared to 800p+. But I saw the light many moons ago. Today they languish at 0.5p as the company has announced that it is to delist from the AIM Casino. For six years this website has been warning about this disaster in waiting now we are 100% vindicated. Are there lessons to be learned? You bet….
1932 days ago
The tweet below from Versarien (VRS) boss Neill Ricketts is surely against AIM Rules. I am referring it to nomad Canaccord and AIM Regulation and discuss in a podcast which also covers swimming pool ways, folks who insult me to ask a favour, Burford (BUR) its rebuttal (very strong) but its red flag antics elsewhere and the limp dick behaviour of the deadwood press, notably The Times. I also look at Cabot Energy (CAB) which is surely AIM Casino toast.
1932 days ago
The report on Neil Woodford’s second biggest holding, AIM Casino cdarling Burford (BUR) from Muddy Waters is as you can see here damning. Now here is a video where Carson Block explains the accounting tomfoolery that is at play. Enjoy.
1932 days ago
Folks like Lyin’ Steve Sanderson the boss of AIM casino listed UK Oil & Gas (UKOG) and his shrinking band of chat-room cultist supporters still dream that Horse Hill will really turn out to be a Gatwick Gusher, not just another small scale UK onshore play. Today they should be doing some basic maths as UK has increased its stake in the asset from 50.6% to 85.6%.
1936 days ago
In today’s podcast I point fingers at who should be sent to jail or drummed out of the City as I look at new developments at former AIM Casino darling Frontera (FRR), the late lamented SVS Securities and at the crumbling empire of Neil Woodford and Woodford Patient Capital Trust (WPCT).
1950 days ago
What next? Boris Johnson running courses on marital fidelity, Bill Clinton lecturing us on women’s rights with his pal Jeff Epstein? i despair. Anyhow, former BBC media darling, Dragon’s Den flop Piers Linney claimed to be worth £100 million despite the string of business failures we exposed here. At AIM Casino listed Outsourcery, which we relentlessly called out by myself as a POS and which went bust, Linney burned through £21 million of other folks cash. Now, as you can see below, he wants your cash to teach you about how to start and grow a business. Whatever….
1950 days ago
Telit Communications (TCM) is a case study on why the AIM Casino is such a casino. Not only does it claim to be running at a cash profit while c$20 million of cash disappears in the first half of the year. But rules are broken and the folks meant to stop that, Nomads such as FinnCrap, do nothing to prevent it happening. And the regulators then do nothing about it. So other folks feel free to offend.
1956 days ago
In today’s bearcast I look forward to the new show on Wednesday which will be half recorded by the end of today. I cover Mortice (MORT) a tale of shareholder woe friom the AIM Cesspit, Kier (KIE), Dev Clever (DEV), Anglo African Oil & Gas (SCUM), Premier Technical Services Group (PTSG) and Mobile Streams (MOS), where I study what happens to cashflow when a company is near to death and the red flag gaps in today’s trading statement.
1958 days ago
Lib Dem grandee Lord Timmy Razzall may have changed the name of Boxhill to St James House (SJH) but this company which has been mired in so much corruption and fraud remains an uninvestable uber dog even by the standards of the AIM casino. Results earlier this week were covered in bearcast yesterday but perhaps merit further scrutiny. They are shocking, breach IFRS on numerous counts and quite simply aim to decieve. Nomad Allenby should be walking.
1965 days ago
The joke management of the London Stock Exchange (LSE) continues to insist that the AIM Casino is the world’s leading growth market. But the hard data from June 2019 shows once again that the fat cat LSE bosses are ‘avin’ a giraffe.
1998 days ago
And clueless Marcus Stuttard at AIM Regulation wonders why the AIM Casino is regarded as such a joke? How about because companies are able to lie to investors without sanction? I flagged up BlueJay earlier for telling a monstrous porky, now here is another, Live Company (LVCG).’
2014 days ago
Retained losses are £27 million and counting, the shares have collapsed from 82p at IPO to just 0.4p, Blur (BLUR), now rebranded as Maistro (MAIS), has been a disaster for investors but at least its founder Phil Letts and his ghastly wife who was also on a fat salary have been able to buy and upgrade a Country mansion, as we noted HERE. Today as it issued another lack of profits warning and warned of another cash crisis, Maistro says it is going to delist from the AIM Cesspit.
2019 days ago
You have been warned so many times by myself about the uber dog Mirriad (MIRI) which listed on the AIM casino at 62p per share in December 2017. The shares are now 6.25p so shame on Nomad and broker Numis for this hound. Today we have calendar 2018 results and a warning that it needs a bailout placing within a year. I should cocoa.
2032 days ago
I have suggested in a number of recent bearcasts that Bidstack (BIDS) was the most over-ramped and overvalued stock on the AIM Casino and also that it would have to do a placing within six months to keep the show on the road. A City source has now provided me with more specific information, an offering is already underway but it is struggling.
2054 days ago
We own shed loans of shares in Concepta (CPT) and they are, in my view, still cheap. But today's placing fills me with utter disgust and makes me so angry as I explain in full. The image below is from the Boots website.
2064 days ago
Neil Woodford needs money for his funds urgently but to give to a far more deserving cause which I may have mentioned once or twice go HERE. I discuss damning statistics for the AIM Casino, Inspirit (INP), Mobile Streams (MOS) and in the Woodford section Paypoint (PAY), Imperial Brands (IMB) and now Strix (KETL), another jolly good income and growth play he is dumping.
2077 days ago
I start with a recount of what is my longest training walk yet as I build up to the 33 mile Rogue Bloggers for Woodlarks stroll on May 25. As you think of me wading through mud and dog pooh, gosh I loathe selfish dog owners, please make a donation to this great cause HERE. Then I look at Interserve (IRV) and dumb bleaters and at Metals Exploration (MTL), Tim Blackstone's fave hound, and why its latest bombshell surely calls for a change in the AIM casino rules when it comes to Nomad Resignations.
2079 days ago
NetScientific (NSCI), the AIM casino listed investment dog backed by Neil Woodford, says that it notes its recent share price movement and confirms that it is not aware of any reason for such movement. It then goes onto to try and spoof any mug punters still reading..
2108 days ago
Over the past month the share price of AIM casino listed Blue Rock Diamonds (BRD) has soared from 0.29p to 0.38p. Some lucky souls paid up to 0.4p on Friday. Let’s review the timeline:
2113 days ago
Floated on the AIM Cesspit in May 2018 at 15p a share and raising £6 million Maestrano (MNO) describes itself as a “cloud business integration platform with cross-app data synchronization” I’d describe it as an univestable piece of shit.
2126 days ago
Frontera Resources (FRR) did not wish to leave the AIM Casino. Having its shares freely traded meant it was able to obtain death spiral finance to bay its bills. No trading facility, no death spiral, no future. But…
2126 days ago
Thanks to the hapless clowns at Northland losing (oops I meant surrendering) their license there are still a stack of stocks which will see their shares suspended on February 1 and booted off the casino for good on March 4 if they cannot find a replacement. The ten at risk are:
2128 days ago
Hat tip to the UK’s No 1 private client broker for spotting this AIM casino accident waiting to happen.
At 89.5p Escape Hunt (ESC) is capitalised at £18 million. That is insane.
2140 days ago
AIM Casino listed Independent Oil & Gas (IOG) is dependent on financing from London Oil & Gas which in turn is dependent on financing ( repayable on demand) from a ponzi called London & Capital Finance now the subject of a full FCA raid and lockdown. We have covered this extensively already but there is more...
2146 days ago
I refer to a quite amazing scoop buried away deep in today's Sunday Telegraph. Well done Uncle Chris Booker. I then look at how everyone is still in complete denial about the mess that is the AIM Casino and also about the future direction of corporate earnings growth an d what that means for equity caluations.
2150 days ago
This is a typical AIM Cesspit tale of woe and greed. CSF Group (CSF) listed on the AIM casino in 2010, a smallish Malaysian company of no interest to anyone. But the advisers raked it in with fat fees and fat promises to the board and shareholders. Coke and hookers all round in the Square Mile. Wind forward to August 28 last year.
2167 days ago
On 1 November 2018, suspended on the AIM Casino Boxhill Technologies (BOX) provided its last trading update which provided the following comment on the disposed business of Emex:
2169 days ago
In today's podcast I start with Deutsche Bank and the dire problems faced by the EU. Who really wants to stay in bed with this corpse? That pans out to wider reasons to be bearish and I cannot stress too much look not at P&Ls but at balance sheets. I look specifically today at Photonstar Led (PSL), Tomco (TOM), Low & Bonar (LWB), Argo Blockchain (Don't laugh at me too much), Optibiotix (OPTI), IQE (IQE) and the scandalous behaviour of team BlueJay Mining (JAY), moving on from the points flagged up HERE
2172 days ago
I had far too much to drink last night. But it really was not my fault. Thus as I travel across Greece today and back to Bristol I feel a bit worse for wear. In this podcast I comment on Hollywood Bowl (BOWL) in light of yesterday's corrupt journalism bearcast. I look at Andalas (ADL) forced to make a belated statement by this website's expose on Saturday HERE. I cover Big Sofa (BST) and LB Shell (LBP) another AIM Casino dog whose sole purpose was to support the lifestyles of crony capitalists.
2176 days ago
I have a small bottle of ouzo ready for Monday at 7 AM GMT when shares in the fraud MySquar (MYSQ) will be thrown off the AIM Casino as no Nomad is prepared to replace disgraced SP Angel which quit a month ago. But the news today gets even worse.
2178 days ago
I start with the news about the olive harvest. When you get the full financial report you will laugh. I almost did. I am almost tempted to get Neil Woodford to invest in it. Then I discuss Thomas Cook (TCG), Audioboom (BUST) and Tekmar (TGP), another disastrous IPO on the AIM Casino. I also discuss the battle between the metropolitan elites and the rest of us ref. France, but also the UK and Brexit.
2190 days ago
Another great day for the world’s most successful fraud market, oops I meant growth market. Over on the AIM Casino the problems mount for Urals Energy (UEN). We had been told that $3 million had been loaned out in an unauthorised manner by its 98.56% owned subsidiary JSC Petrosakh. Think again, it is $5.1 million and it looks as if none of that is coming back so there is a looming $4.5 million cash crunch. Uh Oh! Timber!
2191 days ago
Ahead of a trip to the zoo and Barclays (BARC) with Joshua I look at Redcentric (RCN), Juridicia (JIL), Veltyco (VLTY), Integumen (SKIN), Urals Energy (UEN) and the shame of the bosses at the AIM Casino - Andalas (ADL), BlueJay (JAY), Chesterfield (CHF) and Mothercare (MTC) which will just NOT be around in five years time.
2194 days ago
I know. I know. The price of coke and also of hookers is going up. I blame Brexit. What we need are frictionless borders so we can import more of both from Albania to keep the City boys happy. Pro tem that means brokers need to hold their noses (so to speak) and act for anyone. Even proven shysters like Tomco (TOM).
2202 days ago
Presented by myself, in October 2017, with slam dunk evidence that AIM Casino listed fraud MySquar (MYSQ) had committed wholesale fraud, the boss of AIM Regulation Marcus Stuttard did nothing. So MySquar was able to raise millions more pounds on the casino and private investors have lost everything. Still Stuttard thinks he is doing a good job. We captured the moment Marcus received the MySquar report in the picture below and as you can see HERE, you supplied many suitable captions. But there can only be one winner, Kayeserasera received a signed semi-naked photo of top share blogger Thirsty Paul Scott for the entry below:
2208 days ago
Of course David Lenigas is not on the board of Angus Energy (ANGS) and thus had no idea at all that a heavily discounted placing at 9p would be announced today. And thus his aggressive pumping of the stock on twitter last week, as you can see below, is just another remarkable coincidence. Just like this one ahead of the last UK Oil & Gas (UKOG) bailout placing. Big Dave.., an AIM casino leopard who never changes his spots.
2212 days ago
The rumour swirling round the City is that following an FCA visit 2 weeks ago the SFO called in on a well known firm today. Various names have been mentioned but to be clear I have on the record denials from both Novum and Optiva. It was not them. Was there a raid at all? I don't know but in the current climate folks are prepared to believe the worst. I discuss why the number of AIM Casino listed companies will plunge from c930 today to sub 800 within 18 months if the bear market in small caps continues or, indeed, accelerates. I think it could.
2213 days ago
Oh dear. When Neil Woodford spunked £8 million of other folks cash into the July 2017 100p a pop AIM casino IPO of yacht refitting company GYG (GYG) he thought this would be plain sailing. Oh no. Au contraire. The reverse Midas touch has struck Britain’s most arrogant fund mis-manager withy the second (lack of) profits warning in two months. Now I suggest the banks must be shitting themselves, the shares are 42.5p, sinking like the Titanic, as friendless as the Marie Celeste, and things are only going to get worse.
2219 days ago
The Deloro affair should have seen more heads roll at Mayan Energy (MYN). That it has not just shows what a regulatory joke the AIM Casino has become. Over to the City’s No 1 oil analyst Zac “the knife” Phillips of shamed Nomad SP Angel of MySquar (FRAUD) infamy. Zac, who may be shite at Latin but knows his oil, opines:
2242 days ago
In this two part series I shall explain why the valuation of Accesso Technology (ACSO) is quite simply insane. At £29.20 the market cap on the AIM Casino is £791.2 million. That is bonkers. In part two I shall look at the “interesting” way it generates profits and its dire cash generation. But let us start with sales growth for this is valued as a mega growth stock.
2247 days ago
Cynical Bear warned you that the 62p per share, £63 million, IPO of Mirriad Advertising (MIRI) would cause tears before bedtime. Obviously not for IP Group (IPO) which was able to justify its daft pre IPO investments in relation to that crackers listing price. Nor for Nomad and broker Numis or PR parasites Hudson Sandler which will have earned fat fees for the listing. Coke and hookers all round for the crony capitalists. But for anyone dumb enough to buy the stock since the IPO this has been a horror show. The shares are now just 30p mid, they have more than halved in ten months on the AIM Casino. So what’s today’s news? It is bad, natch.
2261 days ago
Update. Two thirds of this podcast stands. The ramping and share dealing comments are 100% fair and very serious. But there is no placing as this podcast suggests - I was "played" as explained HERE. David Lenigas is leading the ramping of Angus Energy (ANGS) shares as you can see below. A placing is on the runway, Then there is the issue of the shares sales by America 2030 of shares ex CEO and Company founder Jonathan Tidswell-Pretorious claimed to own as we reported here. Quite simply what Angus stated in RNS statements which is what we reported is not what happened and it has failed to acknowledge that and what has happened since. Until it does new Nomad and broker Stockdale must surely stop any placing going ahead - there will be one one day. Listen and despair of the AIM Casino.
2263 days ago
I start with a reflection on 9/11 and the Orwellian claims to be fighting terror as discussed in more detail HERE. Then it is onto Roger Lawson of ShareSoc and his claims of how the mainstream press view me. Heck if they really thought that why do they keep lifting our stories and running them as their own work? Whatever. I regard the MSM as part of the problem of stockmarket corruption and not the solution and explain why. Then it is onto UK Oil & Gas (UKOG), Toople (TOOP), Oneview (ONEV) and a real problem with Nomad resignations on the AIM Casino, Frontera (FRR) and Online Blockchain (OBC) where directors really need to Show Me The Money or the shares will carry on sliding.
2273 days ago
Today I explained HERE the mounting Badger scandal at cash-strapped Andalas (ADL) as it gears up for a bailout placing. In this podcast I explain why all involved should be concerned that they are not party to Securities fraud, notably Nomad Beaumont Cornish and broker Novum Securities - home to scallywag Gavin Burnell of Globo (GBO) infamy. This is a real test case for the integrity of the AIM Casino and I explain why.
2282 days ago
Enough is enough. Yesterday John Meyer, a senior manager and large shareholder in SP Angel went onto Justin the Clown’s podcast to ramp corporate stocks such as Blue Jay Mining (JAY) without declaring an interest – his employer earns vast fees from Blue Jay as its Nomad and broker. But this is the least of SP Angel’s crimes and I wonder if its conduct over Blue Jay and MySquar (MYSQ) is, if not blatant market abuse, simply bringing the AIM Casino into disrepute. I have written to Marcus Stuttard, the head of AIM Regulation, demanding an immediate investigation into whether SP Angel should retain its Nomad license.
2285 days ago
In today's podcast i look at tweets from Big Dave Lenigas which at every level would, in the US, see him heading for the cell next to the one being prepared for Tesla's Elon Musk. He just cannot substantiate what he is saying. I then look at Pantheon Resources (PANR), have a question about May 25 2019 and the Horse Hill Woodlarks walk, at Condor Gold (CNR), one of Jim Mellon's dogs, at Imaginatik (IMTK) at what price would I buy for Vin Murria? Finally there is a detailed look at Marechale Capital (MAC) a true AIM Casino POS. The goat milking video to which I refer is HERE and the latest Hovel photos are HERE
2304 days ago
In this podcast I look at the REAL state of the Totally I(TLY) balance sheet and I also cover FastForward (FFWD) and the job of a journalist, Cenkos (CNKS) and the future of the AIM Casino, Boxhill (BOX), Avanti Communications (AVN), Pantheon Resources (PANR) and UK Oil & Gas (UKOG)
2334 days ago
It is hard to know whether to laugh or to cry but it seems that the CEO of Angus Energy (ANGS), Jonathan Tidswell-Pretorious seems to have lost a stack of his shareholding in his company and, inadvertently, his range of advisers (led by London’s worst Nomad Beaumont Cornish) have misled investors. What a clusterfuck.
2337 days ago
You would have thought that after being caught ramping UK Oil & Gas (UKOG) where he is a paid consultant in the most shameless fashion and with statements he could not verify as a bailout placing got underway, as exposed here, Big Dave would STFU. But now...he has no shame and is tweeting like a dervish once again as you can see below. In the US this sort of behaviour by "consultants" would be dealt with very firmly indeed but this is the AIM Casino.
2360 days ago
Set to delist from AIM, drowning in debt, burning cash, run by the poltroon Rita Whittingham with her love of a bloated pay cheque for herself and family members, Magnolia Petroleum (MAGP) was already the laughing stock of the AIM Casino. But today it took its incompetence to a new level. At 1.43 PM it announced...
2430 days ago
In this bearcast I cover Sosandar (SOS) as Cynical Bear pretends to be Ben Turney on steroids and then turn my fire to all the bad news that UK Oil & Gas (UKOG) is sitting on and may release well after hours tomorrow. Then I look at Gloo Networks (GLOO) which is linked to BCA Marketplace (BCA). Gloo is at every level a total fecking scandal of greed and well everything. I should warn you that there is a bad language alert as Gloo is everything that is wrong about the AIM Casino. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH
2437 days ago
Green & Smart (GSH) a biogas company from Malaysia is the sort of dog with fleas that has helped to make the AIM Casino the world's most successful growth market. In second place is the Upper Volta bitcoin exchange. Announcements over the past few days are a scandal but, as ever, no heads will roll.
2450 days ago
Paul Scott is having a go at me on twitter and on the comments section here - which I publish as I believe in free speech - but I put him straight on what research means and why he is - not for the first time - applying a double standard. Come on old boy - be fair and look at the actual facts. Then I look at Vela (VELA) and what its share price says about sentiment on the AIM Casino. En passant I cover the dog Arian (AGQ) Finally a detailed look at Countrywide (CWD) - dire statement today - and where that leaves Purplebricks (PURP). Which is the bigger short? A tweet from Scott is below:
2465 days ago
You may say that fundamentals don't matter on the AIM casino. In the short run you are right - sentiment drives share prices. But in due course fundamentals always out and that inherent valuation mismatch is your opportunity to buy cheap, unloved, stock or to short over-promoted crap. And that brings us to UK Oil & Gas (UKOG), now just 1.375p after yesterday's disastrous news from Broadford Bridge. So what is it really worth?
2507 days ago
In this podcast I look at the FCA Report into CFD providers. It rightly slams themn. We have told ETX we will have nothing more to do with it and really I want no part of this industry. As a libertarian I look at an industry where 76% of customers lose money. Then I hail the King, that is the King of the spoofers, Mr Clem Chambers of Online Blockcrap (OBC) - as I also cover HERE. I look at Moss Bros (MOSB) and what its profits warning plus the problems at Byrons say about B2C stocks. I also comment on Sosandar (SOS), which we own, en passant. Finally I look at the IPO of Nuuvera on the TSXV ( a market that makes the AIM Casino look sober and well run) and what that means for FastForward (FFWD). I again explain why all cannabis stocks will not fly.
2517 days ago
The winner of the 2017 prize competition will be revealed tomorrow. We now though open the competition for 2018 - and once again the prize is a meal with myself. If you dislike me, you can fob that meal off on someone else. All you need to do before midnight on January 1st is to post in the comments section below your stock to buy and your stock to sell for 2018 (from the LSE or AIM Casino and the stocks not to currently be suspended). Steve Moore will monitor and report back monthly on how the competition is faring. Good luck all and especially, should they enter, to our favourite semi-naked Quindell & Cloudtag owning twins Hayley & Kate Whittaker, pictured below.
2543 days ago
As you know, the folks round at the Financial Reporting Council are the one watchdog that is prepared to bare its teeth when it comes to wrongdoing on the AIM Casino and are also good pals of mine, truly appreciative of my work. And thus I have written to them about the holocuast denying fraudsters at MySquar (MYSQ) requesting that it launch a formal investigation into how it cooks its books.
To the FRC Re AIM listed MySquar
cc Marcus Stuttard at AIM Regulation
Dear FRC.
2556 days ago
In the gold old days the fraud MySquar (MYSQ) used to report breathlessly on average daily sales volumes - that is to say cash coming in. But - as we subsequently discovered - that was largely related party non core income and it fell off a cliff on July 1. Not that MySquar bothered to let us know about that until it had got a bailout placing away. On any other market than the AIM Casino that would be securities fraud. Heck, even on the Zimbabwe Stock Exchange you'd get your collar felt for that. But on AIM fraud is okay as long as you pay your fees. Anyhow these days MySquar serves up different bollocks.
2560 days ago
Malcolm outlines a strategy today for playing AIM Casino stocks which I regard as folly. I explain why it could go disastrously wrong in two ways. Then I look at the wider asset bubble in relation to art, soccer players, real estate and new media and how that impacts on the stockmarket and will, in due course, implode.
2564 days ago
I am sorry that bearcast is late. I am just back from lecturing the snowflake sociology students of the Mrs. I think I may have intruded on their safe space with some challenging thoughts in my talk "Lies, damned lies, public sector underpay and other myths." I hope to have a recording and the slides up here later this week. Pro tem I offer up some thoughts on Cogenpower (CGP) - to become Monreal PLC - Paternoster Resources (PRS) - now co run by Amanda Van Dyke, formerly of this Parish but now on the dark side, Falanx (FLX), Interquest (ITQ) and Conroy Gold & Natural Resources (CGNR)
2571 days ago
Strat Aero (AERO) is quite clearly insolvent. That its shares have not been suspended pending clarification is just another badge of shame for the world's most successful growth market, that is to say the AIM Casino. Today sees another pathetic attempt to sucker in mug punters to try to pump this worthless stock ahead of another bailout placing.
2589 days ago
The past week has shown clearly why MySquar (MYSQ) shares should not be traded on any market, even the AIM Casino. I demonstrated HERE that it had lied to investors in an RNS this month. That lie stands uncorrected. I demonstrated HERE that without any doubt it had committed wholesale securities fraud on July 31. This was chapter and verse stuff and MySquar is now exposed. Yet nothing has happened. As such I have written to my pal the bogus Sheriff of AIM, Mr Marcus Stuttard the head of AIM Regulation
Re the Fraud MySquar and the failures of Nomad SP Angel to protect investors
2598 days ago
Some companies are so transparent. I look at the RNS from Savannah Resources (SAV), do the maths and predict a placing within weeks. I then crow about one I called earlier, Applied Graphene Materials (AGM). Then it is onto Interquest (ITQ) which is back on the AIM casino thanks to Nomad Allenby, a firm that I take to task for being morally bankrupt. I look at Johnston Press (JPR) which is nothing to do with Luke Johnson who is also mentioned. I then look at Advanced Oncotherapy (AVO) and i3 Energy (i3E) as well as the dog Haydale (HAYD)
2621 days ago
The scandal at Nyota Minerals (NYO) which should have been booted off the AIM Casino today is deepending and is truly sordid. I have new shocking revelations for you all and incredibly serious questions for the board, for ex Nomad Roland "fatty" Cornish, especially for broker Peterhouse and also for the chocolate teapots at the FCA and the Oxymorons at AIM Regulation.
2635 days ago
The only real question at AIM Casino uber dog Andalas Energy (ADL) is who exactly is the devil? On the one hand there is the incumbent board led by disgraced Dave Whitby and on the other hand you have a shareholder action group set up by the colourful Brokerman Dan (Levi). In the old days of the Troubles those prisoners in Northern Ireland who were not operating alongside fellows such as the blood stained murdering bastard Gerry Adams, were referred to as "ordinary decent criminals" or ODCs.
2636 days ago
The trade of the week was to buy shares in AIM listed fraud du jour Telit Communications (TCM) at 105p. I discuss why this is not a sensible strategy although it paid off last week and when it will end in tears. The podcast also covers Rose Petroleum (ROSE) the sort of utter crap that is all too common on the AIM Casino. I look at where Rose is heading and it is more compost bin than walled garden. Warning this barcast contains some bad language.
2653 days ago
I am deeply troubled by events at AIM uber dog Andalas Energy (ADL) on Monday afternoon. This is a company that has form when it comes to breaking AIM Casino Rules but on this occasion it is the advisers at Cantor Fitzgerald, whose actions have alreday cost some folks 50% of their money, who should be hung, drawn and quartered. Sadly we have gone soft on crime but at least they should be clobbered by the FCA for market abuse and AIM Regulation for breaching AIM rules. I have sent a letter.
To: The FCA, AIM Regulation & Marcus Stuttard
2655 days ago
Andalas Energy (ADL) and its loathsome boss Dave "the rule breaker" Whitby represent all is worst about the AIM Casino. The company is worthless and its sole achievement has been an industrial scale transfer of wealth from the many to the few. Even by its own tawdry standards yesterday was a low point and it is a matter that I shall now be asking the authoriies to investigate as, blatant, market abuse. But first we must rewind to August 8.
2657 days ago
Investors who have lost £900,000 on the Paragon Diamonds (PRG) fraud and bust are now lined up to sue the hapless Nomad ( Northland with QEs Gerry Beaney and David Hignell overseeing the shambles) as an update from class action litigation arranger Peter Petyt sent this morning, makes clear. However we need more folks who were conned to join the party URGENTLY and for two reasons:
2657 days ago
This is becoming Globo v2 at a an alarming rate. Today's bombshell dossier on Telit Communications (TCM) nails it as a slam dunk ZERO beyond all doubt. The only way that the shares do not completely crater in the morning is if they are suspended first. And that is exactly what should happen. As such I sent a couple of emails last night. One to tthe head of the Oxymorons Marcus Stuttard and his clueless colleagues, the Keystone Cops at AIM Regulation and the other to the folks at Nomad FinnCap from CEO Sam Smith via head of Corporate Finance Stuart Andrews down to analyst Lorne Daniel with a minor jackal in Corporate Finaance also included in case Andrews is too busy with his polo ponies to read emails on a Sunday. Enjoy!
2664 days ago
Peterhouse Corporate Finance, Mr Greg Colliar, crap Nomad Northland, Mr William Vandyk are you sitting comfortably? You sure? Now read on for yet another horror story emerging from the AIM casino....
2664 days ago
At 2 PM on Friday Conroy Gold & Natural Resources (CGNR) convened a GM called to fire six directors and install three rebels. What followed was such a shameful abuse of democracy that it shames AIM. Yes, even the Casino, has not seen such a disgraceful rogering of shareholder rights until now. Conroy has yet to RNS the result but I can now reveal what happened. And also make clear that Nomad Allenby has a duty to force change or must quit for this is a dark day for shareholder democracy. It is nothing short of appalling.
2668 days ago
The sad tale of Mkango Resources (MKA) , the TSX dog listed on the AIM Casino by SP Angel in June 2016 continues but for how much longer? The grim reaper is polishing his scythe and CEO William Dawes better start brushing up on the rules of battleship if he is to avoid what seems an inevitable fate. It all started so well. Mkango was insolvent and so SP Angel raised it some cash about eight months behind schedule and listed it to great fanfare.
2670 days ago
A year ago I thought that loans taken out an annualised rate of 30% such as that African Potash (AFPO) obtained from the fragrant wife of its hapless FD were a rum and coke. But that is nothing to the stunning admission today from Andalas Energy (ADL) - a loan repayable in one month at an annualised rate of 150%. Even by the standards of AIM Casino junk - Wowee.
2671 days ago
Did you lose money on the wipeout at AIM Casino Paragon Diamonds (PRG) run by Philip Manduca? If so there is, perhaps, a chance to get it back from Nomad and broker Northland which made a killing on fees from Paragon and signed off on all of its statements, the veracity of which has been questioned.
2672 days ago
AIM Casino uber-ramp MySQUAR (MYSQ) 'fessed up on Friday that, as I had revealed 24 hours prior, a placing was underway but it insists that it does not need the cash. Really? I want you to consider a few numbers.
In the six months to December 31 total costs were $1,926,926.
2672 days ago
i3 Energy (13E) floated at 55p earlier this week. Its shares now trade at just 34.5p to sell. Even by the standards of the AIM Casino this has been a god-awful IPO. But it is going to get an awful lot worse.
2674 days ago
The trouble with Norfolk's is that in the end they run out of other people's money. And that brings us to MySQUAR (MYSQ) the sort of company which, even by the lowly standards of the AIM Casino, is a dog. A Source has been on the trombone and says...
2675 days ago
Oh dear, this really is a clusterfuck even by the lowly standards of the AIM Casino. You will remember that AIM listed Glenwick (GWIK), linked via Peterhouse Corporate Finance and Amanda Van Dyke to fellow AIM dog Paternoster Resources (PRS) in a related party snakefest, has had its shares suspended an RTO but there have been a few problemos. Oh dear. Oh dear.
2679 days ago
I started the PLC death list in June 2015 with 21 members. The aim is to pick stocks that will either go bust or get slung off the AIM Casino. Each departure requires a nreplacement. With nine new entrants today 40 names have joined this select group. So far there have been two outright failures on my part, Mariana Resources (MARL) and Jersey Oil & Gas (JOG). There was one volte face but I was ahead at volte face point and it was a great call both short and long - Wandisco (WAND), two near kills, InternetQ (INTQ) and Monitise (MONI) and thirteen slam dunk kills: Cloudtag (CTAG), Worthington (WRN), African Potash (AFPO), Jiasen (JSI), Camkids (CAMK), China Chaintek (CTAK), JQW (JQW), Afren (AFR), Daniel Stewart (DAN), Sefton (SER), Outsourcey (OUT - boy I enjoyed that one - Afriag (AFRI) and Auhua. So 13 out of 31 = 40%+ - not bad eh? Arguably that is 15 out of 31 - almost 50%! That leaves:
2681 days ago
I have it well sourced that the leading shareholders in AIM Casino listed Milestone Group (MSG) have demanded the immediate resignation of its serially underperforming CEO Deborah White. And the demand is backed with menace.
2682 days ago
The Nomad and broker to AIM Casino listed Nyota Minerals (NYO) have today announced that they will cease to act as of August 17. So Nyota has one month from then to get new advisers or its shares will be booted off the market. Nyota may well be a worthless bag of shit but it is what the Nomad, disgraced scumbags Beaumont Cornish, and broker Peterhouse Corporate Finance are NOT telling you that is the real scandal.
2685 days ago
I will not name the company but suffice to say its management are greedy bastards who have not delivered. Its assets are shite and its balance sheet a trainwreck. The company and all associated with it, especially the paid shrills, merit a one way trip to the glue factory. With those clues I guess that narrows the list of possible candidates down to about 60% of the stocks on the Casino.
2692 days ago
When disgraced AIM casino posterboy Mercantile Ports & Logistics (MPL) moves from being a member of the minus 98% club in which it currently sits to being a member of the minus 100% club, I want it known that Nomad Cenkos has been fully aware of massive issues all along and has done nothing other than bank obscene fees. As such we have run a series of letters from a big shareholder to Amber Wood, head of Corporate Governance at Lagos Securities, HERE and HERE and HERE and HERE. Now for letter five which puts fragrant Amber and Lagos, Nomad to the Quindell (QPP) fraud as well, on notice for when the final wipeout occurs that they will be held accountable. This letter has also been cc'd to AIM Regulation - I know they are useless but surely even they must realise that Lagos Securities has "form."
2697 days ago
Another one off - this time recorded with my three legged cat Oakley. I am so angry. I touch on MySquar (MYSQ) and what it says about the AIM Casino as a follow up to today's pieces HERE and HERE. But the main focus is on events at Magnolia Petroleum. I give chapter and verse on why CEO Rita should have been fired and what it says about the AIM cesspit that she was not. I discuss today's deal which saves her and expaian why it will not save Magnolia (MAGP). I give your hard data on its impact on cashflows and on the balance sheet. This POS is toast but Rita and her Nomad make me want to barf.
2697 days ago
When shamed AIM casino posterboy Mercantile Ports & Logistics (MPL) moves from being a member of the minus 98% club in which it currently sits to being a member of the minus 100% club, I want it known that Nomad Cenkos has been fully aware of massive issues all along and has done nothing other than bank obscene fees. As such we have run a series of letters from a big shareholder to Amber Wood, head of Corporate Governance at Lagos Securities, HERE and HERE and HERE. Now for letter four which puts fragrant Amber and Lagos, Nomad to the Quindell (QPP) fraud as well, on notice for when the final wipeout occurs that they will be held accountable.
2700 days ago
Milestone’s (MSG) interim results today were truly appalling as it racked up a loss of £1.1 million. The statement about the "progress" of its range of sub scale crap businesses is - as ever - upbeat. Read the words and you think this company must have done brilliantly. And then you look at the P&L buried beneath the acres of spin and you see that sales in the six months to March 31 2017 were just £22, 237. Down by 56% on the prior year and just pitiful. The ice cream van parked in my street just now generates more sales than this POS which has no right to be on the AIM Casino at all. It gets worse...
2704 days ago
Another day and another director walks, a new strategy is adopted and yet more confetti is issued by AIM casino uber dog Mayan Energy (MYN), formally the hound known as Northcote Energy. But this latest move just makes no sense at all. Let me explain with a little bit of help from a friend....
2729 days ago
After hours on Friday Fusionex (FXI) a company from the Norfolk province of Malaysia announced that it was planning to delist from the AIM casino. This has always been a "wrongun" and myself, Lucian Miers and the great Kevin Ashton warned you many times to sell - over the weekend I listed 11 red flags the City crony capitalists were happy to ignore. Today the shares have crashed 62% to just xxp and the rats have started to abandon ship.
2737 days ago
Katoro Gold (KAT) was once the joke stock Opera Investments which did appear "accident prone". But it has now had the gold assets of Kibo (KIBO) injected into it, done a fund raise, moved to the AIM Casino and is, apparently, a whole new beast. House broker Beaufort has published a detailed note explaining why the shares should soar from 5.25p to 11.7p. I should note that Kibo retains a 56% stake in Katoro and we own a few Kibo shares.
2738 days ago
Strat Aero (AERO) the AIM casino listed company that under a former management team repeatedly lied to investors is still a joke. In January and February of this year it raised $1.23 million gross (call it $1.1 million net) promising that 2017 would be a turnaround year. One would hope so - in 2016 it lost c$3.5million. So how is it going? Not well I suggest, judging by a joke RNS today.
2796 days ago
So the fraud Cloudtag (CTAG) is today booted off the AIM casino. I did warn you but this podcast is for those who have lost out as a result of owning these shares. I do feel genuinely sorry for most of you. I explain why and where your anger should be directed.You may not want to hear this but I go through a few lessons you may want to learn from the disaster, for if we do not learn from when we lose we will keep on losing.
2796 days ago
Cloudtag (CTAG) has fessed up to dismal results and to the fact that it cannot get a Nomad to act for it and sign off on its lies and thus its shares will be booted off the AIM casino tonight. It talks of a relisting in the future but then it was telling us just the other day that it would get a new Nomad. But having had since January 10 it has failed. No one will act for this fraud. It is game over.
2796 days ago
The fraud Cloudtag (CTAG) is almost certain to be booted off the AIM casino tonight. I will also miss it such have been the deranged comments that it has prompted. Last week's contest was sposnored by the LSE Asylum and generated stacks of quality entries as you can see HERE. But the winner, spotted by Warun Boofit was in a class of its own as you can see below.
2797 days ago
The Mrs (on maternity leave) is off galavanting somewhere. Eight days ahead of UK Investor, the busiest time of the year, I am babysitting. I am such a god damn frigging feminist. Anyhow I record this in terror lest Joshua wakes up. In today's podcast I explain why you cannot finesse a trade on a fundamental play and discuss Minoan (MIN) and Wishbone (WSBN) in that vein. I look at Digital Barriers (DGB) the latest triumph from Cloudtag (CTAG) moron in chief Liam Nichols. I discuss Tethys (TPL) which like Cloudtag is soon to leave the AIM Casino, Nyota (NYO) and London Capital (LCG).
2797 days ago
If no Nomad is prepared to act for the FRAUD Cloudtag (CTAG) then its shares, now suspended, will be booted off the AIM Casino. No AIM = no death spiral funding so it will - very soon - run out of, other people's cash, and will go bust. But the first step is being booted off AIM. And, inspired by liar Amit Ben Haim, we have a useful countdown clock until that ouzo moment. Enjoy.
2797 days ago
I comment on the hopeless response of smug MPs and the established media to yesterday's terror attack on my own website in a podcast HERE. On the markets I look at expectations management at Next (NXT), at how we know or knew about the balance sheet at Toople (TOOP) covered HERE by Cynical Bear or Advanced Oncotherapy (AVO) heading for 0p and covered in detail by me earlier HERE. I look at Public Services Properties (PSPI ) and what its AIM casino departure says about RTOs and contingent liabilities - which reminds me again of New World Oil & Gas (NEW). Finally I have a detailed look at the strange world of Paternoster Resources (PRS), not a stock you have to own in any way. PS Cynical Bear is not me. Can you see any typos in his articles?
2823 days ago
Dog Andalas Energy (ADL) was readmitted to the AIM Casino based on the back of the Tuba Obi East Farm In as described in its AIM admission document of 27 April 2016:
2837 days ago
January 2017 was another month of shrinkage for AIM in terms of number of companies.The absolute number was down by a net 9 from 982 to 973 companies with 1 readmission and 10 departures including the fraud African Potash (AFPO) which was relegated, in disgrace, to the NEX Markets lobster pot.
2838 days ago
Yes I did. It was on the way back from the mountain village of Kambos to Kalamata. Some podcasters might have salivated and regarded this as an opportunity. But I am not Justin the Clown, still smarting from rugby defeat for his beloved Wales at the weekend. But I thought it was my duty to help anyway. I digress from the main features of this podcast: Kefi (KEFI), Mila Resources (MILA) and the China fraud Jiasen (JSI). I also look at a share price of a stock where I am an insider - oh no not insider dealing on the AIM casino I hear you say. And then I update on the Dirty Dozen AIM Resource portfolio which I shall launch later today.
2839 days ago
Earlier today I served up a shocking document from the land of high culture which exposes a $2 million heist by Pirate Pete Landau. I think it is fair to say that the Pirate is in real trouble and will not be docking his ship at the AIM casino ever again. But he is not the only chap in the spotlight as a result of this scandal.
A fellow director of Citation was Anthony Eastman and the administrators verdict on him is damning. The good news for those chaps is that, at this stage, it is deemed uncommercial to pursue them for funds ( page 4).
2858 days ago
The City's Number one oil analyst Zac "the Knife" Phillips is back from celebrating Christmas by butchering baby seals or throwing cute little rabbits to a pack of bloodthirsty dogs and is doing what he does best - sticking it to useless management teams on the AIM Casino. Today Nighthawk (HAWK) has served up a piss poor operational update and the SP Angel analyst opines
2874 days ago
The fraud African Potash (AFPO) has until 7 January ( saturday) to find a new Nomad or its shares get booted off the AIM casino first thing Monday. On the ISDX lobster pot (now known as the NEX lobster pot) it can't get a placing away - for reasons explained in this podcast - so it will be tits up within weeks. That has implications for Blenheim Natural Resources (BNR). Jamie Oliver is blaming Brexit as he shuts six of his over-priced branded eateries. But he is just another celeb tosser don't you think? I look at the real macro headwinds the UK faces. There is comment on Crawshaw (CRAW) and then a very detailed review of Lombard Risk Management (LRM) which is, I reckon a car crash in waiting.
2877 days ago
African Potash stated in its annual report that on the ISDX (now called NEX) lobster pot it might be more difficult to raise money than on the AIM casino. I should cocoa. The last trade was on December 29. Liquidity is just nil and the 0.05p offer prize only applies if you want to sell peanuts amounts. If you invested in this fraud just accept that your shares are now worthless as it cannot get awaqy the £600,000 placing it dsays that it needs to survive. So Potash is going to go bust soon. But your cash might not be lost. There is a small chance.
2889 days ago
It was the night before Christmas and Roland "Fatty" Cornish, a man widely known as the worst Nomad on the AIM casino staggered across the threshold of his £3 million luxury mansion in Chiswick. For the sake of Mrs Cornish he pretended that the stagger was because his chubby little arms were full of presents. The reality was that he had just enjoyed his final meal of the year at his favourite City restaurant, le Corchon Évitement fiscal.
2889 days ago
The fraud African Potash (AFPO) now sees its shares trade on the ISDX lobster pot as it is still yet to find a replacement Nomad to act for it on the AIM Casino following the resignation of Cantor Fitzgerald. Not even Cairn Financial - which pro tem acts for the serial liars at Cloudtag (CTAG) - will act for lyin' Chris Cleverley. So on January 7 the relegation to ISDX will become permanent. The pledges of CEO Cleverley that he was optimistic of finding a new Nomad will be shown to be...er... lies. Quelle surprise. But it gets worse and will get even more worse on Christmas Eve.
2890 days ago
As the year draws to a close it is only natural that we look back on the past twelve months. And it has been twelve months of achievement. It is a great achievement in that our writers have continued to write exactly what they want without any editorial interference. So Cynical Bear & Gary Newman have knocked shares I own. So what? We really do support free speech. And it has been a year when we have "dealt with" more frauds and lies on the AIM casino and the main market than ever before. That really is the USP of ShareProphets.
2895 days ago
Boy was the competition fierce. Those looking to hoover up African Potash before suspension on the AIM Casino, those Worthington believers all gave it their best but it was the Cloudtag loons wot won it. You can see many splendid nominations for our BB Moron of the week contest here. But the winner is, again, supplied by Juicin Drumroll with a celeb posting on the LSE Asylum from the ramper in chief.
2903 days ago
There were no bearcasts yesterday and so today there will be two. I start with AIM casino bad boy and fraud Cloudtag (CTAG) which now adds market abuse to the list of financial crimes of which it is guilty. Why are the shares still suspended? is this the end or the beginning of the end? Who deserves to go to jail? Who deserves sympathy? All is revealed in this bonus podcast.
2903 days ago
After day six of the olive harvest I am shattered but it looks as if tomorrow may be the final day which means a late night at the press in Kambos, ouzo and no bearcast. You have been warned, the Sheriff may have the whole day off so tomorrow is a good day for shysters on the AIM casino to issue dodgy press releases. I take two reader requests. One is on Sirius Petroleum (SRSP) the other on my specialist subject - what is ISDX. In terms of companies I cover Cloudtag (CTAG), African Potash (FRAUD), RedT Energy (RED), Bilby (BILB). In the ISDX piece I mention Chapel Down and Mechan, we own shares in the latter.
2903 days ago
Surprise, surprise. After three months of looking for a Nomad to replace Cantor Fitzgerald who did not want to sign off on any more lies, the FRAUD African Potash (AFPO) has found no-one to take on the gig. It says that it is still in talks but who is so desperate for cash that they would want to act for such a slam dunk fraud? If no-one signs up for reputational hari kiri by January 7 Potash will be slung off the AIM Casino for good. Right now its shares are merely suspended. But what about the ISDX listing?
2906 days ago
As a boy I would eagerly await the start of each month. Before I went to bed I said hares brown hares and my first words on waking would be rabbits white rabbits. That was meant to bring you luck. These days the start of the month ritual ( well six days in) involves chortling at the latest dire statistics AIM provides about itself. November was as bad as prior months. AIM is nothing if not consistent.
2912 days ago
Yesterday I pointed out that the FRAUD African Potash (AFPO) had applied to join the ISDX lobster pot as of December 8, the day its shares will be suspended on the AIM Casino if no Nomad is prepared to act for it, Cantor Fitzgerald having tired of signing off on its lies. I also pointed out that lyin' Chris Cleverley had failed to tell his shareholders. Today Potash fessed up..but it gets worse.
2913 days ago
As a mega bear of Management Resource Solutions (MRS) from almost the moment this crock of Turkish floated on the AIM casino, its ever worsening problems make me think that at 2.23 AM at Athens airport it is almost ouzo o'clock. The latest update is just so grim.
2920 days ago
The FCA has put out a statement confirming that it is all over at Gable (GAH). William "piggy" Dewsall has made £15 million, but shareholders have lost everything and now it seems that policy holders will be screwed too. Gable issued statements while its shares traded that were simply not true but will there be any action against piggy or hapless Nomad Zeus? Whaddya think? The FCA confirms the worst:
2930 days ago
As predicted HERE there were fewer than 1,000 companies listed on the AIM Casino at the end of October. the total of 995 was the lowest since late 2004. Here we are at the end of an eight year bull market and AIM is still collapsing - it has 1,347 companies back in 2007. But read beneath the headlines and the data is even more shocking.
2952 days ago
The Self styled "World's Most Successful Growth market", or to you and me the AIM casino is in deep trouble and will this month see the number of listed companies fall to a 12 year low of below 1000. Fraud, appalling returns, overpaid bloated crony capitalist advisers have all combined to leave this market with no credibility at all. The data tells no lies...unlike the CEOs of most of the companies on the casino.
2956 days ago
Shares in Moneyswap (SWAP) are suspended on the AIM Casino as the company can't get its accounts for the year to March 31 out (still) and because there are clear financial issues. But Nomad Allenby is clearly desperate for retains as it won't quit this obvious fraud. Well perhaps when it reads the expose that follows it will at last do the decent thing....
2959 days ago
BBC presenter Sophie Raworth, picked up £10,000 for hosting the 2016 AIM Awards. Heck since this whole £750,000 event is ultimately funded by investors in AIM Casino stocks I am sure you won't begrudge her trousering some of YOUR cash. Anyhow here are the winners from the lavish 2016 ceremony:
2963 days ago
FinnAust (FAM) has been one of the soaraway success stories of the AIM casino in 2016 but the market cap is now c£50 million. Is that a tad ahead of events? Align Research normally pens bullish note on stocks where it has a, fully declared stake, and where it is compensated by the company. I doubt FinnAust paid for this note which is very bearish indeed.
2964 days ago
Cry aceeed! Over the weekend Nigel published the proposals made by flip flop Ben Turney for Sefton Resources (SER) and Teathers (TEA). Yup the longest running pantomime on the AIM Casino is back in town. Some of the ideas suggested are just plain crackers. Truly when you thought this farce could not get any more surreal it just did. Others are actually very sensible. I try to cut through the farce to suggest what should happen.
2966 days ago
The revelations this week about how both Teathers Financial (TEA), notably HERE & HERE, and the former manager at Wandisco (WAND), HERE, have pillaged shareholder funds to allow management, their wives and pals to live the high life have been shocking. That the Teathers boys thought racking up a bar tab in one night which was greater than the UK average post tax monthly wage just shows how distorted was their value set. But this is the tip of a very enormous iceberg on AIM and among the crony capitalists who service AIM Companies. And it's all your money. I write today not to expose but to call for specific changes.
2971 days ago
Not only does AIM Casino piece of Turkish Servision (SEV) now have the most expensive loan in AIM history - see HERE - but this company is also utterly bust. Amazingly Nomad Allenby and broker Belfort Securities have signed of on its results today. Shame on you chaps. You may not be able to read financial statements but I can and so talk you through why this company could call in the administrators as soon as this afternoon. Target price 0p.
2971 days ago
Nyota Minerals (NYO) shares have been pushed ahead in recent days and weeks by the usual insane ramping that typifies the bottom end of the AIM Casino. Today came reality - final results which showed how the former management led by Richard "piggy" Chase had spunked all the cash. Those mugs who paid up to 0.07p in recent days must be feeling rather sore with the shares at 0.045 to sell... and still falling.
2971 days ago
Servision (SEV) has today announced its interim results and they are dismal. The company is bust and why it's advisors (Nomad Allenby, broker Belfort Securities & PR himbo Christian Taylor Wilkinson at Cadogan Leander) do not call it a day and walk defies belief. It shows all three are morally bankrupt.The results are analysed in a bearcast special HERE. But I flag up in itw own right a loan Servision has taken from Yorkville which seems to be the new, most expensive loan , in AIM Casino history - at 33% - it is 5 percentage points dearer than the loan the FRAUD African Potash (AFPO) took out from Katrina Clayton, the wife of its FD. Frankly Servision would be better off borrowing on Christian T-W's credit card and splitting the difference.
2974 days ago
I apologise to one and all over Wishbone Gold (WSBN) which has today completed a £600,000 placing at just 0.75p with broker Belfort Securities handing out shares to spiv bucket shop flippers. This was not on the script and I cannot recommend a purchase of the shares at 1.15p-1.2p. That the shares are up a tad today but fell in the run up to his placing tells you everything you need to know about forward selling on the AIM casino, especially when the broker is Belfort.
3002 days ago
I still await a letter from lawyers to lyin' Chris Cleverley and the fraud that is AIM Casino listed African Potash (AFPO) but since the disclosure process will destroy both lyin' Chris and his company I cannot wait. Meanwhile AIM Regulation has sent a standard response acknowledging anot noting my demand that it investigates Potash and its Nomad Cantor Fitzgerald over the misleading and untruthful RNS statements of December 1 2015 and January 6 2016. I have replied to AIM Regulation putting it on notice...
3027 days ago
Welcome to your new job as a NED at soon to be suspended AIM casino dog Glenwick (GWIK), Amanda Van Dyke would you care to discuss your new 6% shareholder? Er why not? A tad embarrassing per chance?
3032 days ago
On 6th January 2016 African Potash (AFPO) announced a major sales deal. Six days later it got away a bailout placing. Gradually over the months that followed that sales deal was shown to be bogus, a sham, not worth the loo paper it was written on. But at least the ramp allowed this AIM Casino posterboy to get its placing away. Now the bastards are at it again. 30 seconds on Google is enough to make you doubt a word this company says as it tries to get another bailout placing away. African is teetering on the verge of insolvency.
3048 days ago
Sometimes I wonder if certain AIM Casino listed companies think that we are all stupid. Maybe I am being harsh, after chatting to the morons who populate certain Bulletin Boards, one can understand how a company might leap to that conclusion. And that brings us to Strat Aero (AERO) which really is taking the piss as it calls an AGM and asks for permission for a sub-division of its shares, before then spouting horseshit.
3070 days ago
China fraud Jiasen (JSI) may well be enjoying its last few days on the AIM Casino as we have news today of a shock delay to its results. Do you want to bet if they will appear at all?
3078 days ago
Highlands Natural Resources (HNR) is a scam and its advisors are clearly rattled. Panicked phone calls came in from its PR last night as the shares continue to slump. That is testimony to panic and today we have an announcement of a repricing of the dodgy covert placing which is quite simply another enormous stain on the reputation of the AIM Casino. It shows what a POS Highlands is.
3080 days ago
Given how Australians are largely descended from criminals you would expect its market for junior resource stocks to be a den of vice while folks in London stick solidly to the rules of cricket. Au contraire. This morning the AIM Casino is again exposed for the laughing stock that it is by events at Metminco (MNC) which is also listed on the ASX. In the country where the criminal gene is dominant, share trading on the ASX was today halted. The company says that:
3089 days ago
I bring you with no comment from myself something that I'd personally find unpalatable but which deputy Sheriff Nigel Somerville has unearthed. We simply ask you to post a caption in the comments section below with a deadline of midnight tonight, 7 June
3092 days ago
I have noted before that Zac Phillips, the oil analyst at SP Angel is normally only too kind to shite oil companies on the AIM Casino. He bends over to be nice to them and to excuse their lamentable performance. But just now and then, the inner Zac emerges. It is like when mild mannered Sir Geoffrey Howe plunged the knife into the blessed Lady Thatcher, an episode which was seen as "like being savaged by a dead sheep"
3093 days ago
Shares in Teathers Financial (TEA) were set to be booted off the AIM Casino as of Monday for failing to implement its investment policy. The crowd thought it was all over...it is now! With a spectacular hat-trick of own goals Jason "Geoff Hurst in reverse" Drummond has handed victory to his, many, critics.
3095 days ago
You could not make this up but fraudster Rob Terry is getting into crowdfunding working alongside Peter Shea, the boss of disgraced ex AIM Casino listed China fraud specialist Daniel Stewart (DAN). It was, of course, Daniel Cesspit that listed Quindell on a fraudulent prospectus and signed off of the fraudulent deals with TMC Southern, that conjured up entirely fictitious profits for Quenron in 2011. The SFO will sooner or later arrest Terry and he's going to jail, but it seems as if Shea is determined to implicate himself by association.
3103 days ago
The oil team at SP Angel is normally uber charitable to the array of dogs that litter the hydrocarbons segment of the AIM Casino. But one thinks of Geoffrey Howe, a mild mannered and retiring chap, as he savaged the blessed Maggie in his resignation speech as, this morning, analyst Zac Phillips has stuck it to XCite Energy (XEL) like a man possessed.
3109 days ago
If you wanted to line up a top notch list of advisors to an AIM casino stock you would not go to POS Golden Saint Resources (GSR) for advice. It really has gone for the holy trinity of hopelessness.
3113 days ago
Okay this game is really simple. Pictured below are four players well known to the AIM casino resources game. All you have to do is name the four and match how much they are personally thought to have made from listed Africa plays. Sadly investors in their companies are not eligible to play "who wants to be a millionaire" as they have largely done their conkers. Anyhow, over to you dear readers.
3113 days ago
African Potash (AFPO) was one of seven companies listed on the AIM casino by former England cricketer Phil Edmonds and his business partner Andrew Groves. My attention has been drawn to a recently published dossier on the two men which can only be described as utterly explosive. On the basis of what is in this dossier any company associated with the two looks to be, pro tem, 100% uninvestable.
3119 days ago
An assortment of sixty indigenous organisations and Guardian reader-infested eco-loon NGO groups have slammed AIM listed United Cacao (CHOC) demanding that it be slung off the AIM Casino. Cacao has put these parasitical lefty scumbags firmly in their place with a statement this morning pointing out that the lefty scum are, simply, lying. I am delighted to be a shareholder in Cacao (post Saturday) - I don't care where its shares go I want to stand shoulder to shoulder in the fight against Trustafarian tossers working for NGOs to make people in poor countries even poorer.
3125 days ago
The sale of AIM & TSX listed Uramin to France's Areva is shaping up to be the biggest scandal in the world of mining since Bre-X. It has almost brought down Areva and in France the husband of the head of Areva has already had his collar felt within the past few weeks for insider dealing and money laundering. Our source at the heart of the investigation indicate other arrests are imminent. And the scandal is also threatening to bounce back to the AIM casino.
3130 days ago
Anadalas Energy (ADL), the much ramped piece of Turkish, once called CEB Resources, and run by Dave "rule breaker" Whitby had until close of play on 22 April to publish a re-admission document or it should - if anyone gave a FF about the rules these days - have been booted off the AIM casino. It is now 25th April. There has been no RNS. So...
3133 days ago
If anyone sees Chris Cleverley about town make sure he reads this. The "spin" from supporters of African Potash (AFPO) is that the events of yesterday are just a matter of bad PR, nothing unusual on the AIM casino and we should just move on. Ben "flip flop" Turney tweets such nonsense. Boy has flip flop lost the plot. African has been seen to have made statements via RNS, as it worked a placing away that were just, by its own admission, untrue. It raised cash on a false prospectus. That is fraud. Its shares must be suspended and its CEO Chris Cleverley deserves to go to prison. And he might just do that. Flip Flop sent out two tweets on this matter yesterday:
3137 days ago
Onzima Ventures (ONZ) the "investment company " run by Globo disgraced Gavin Burnell spends most of its efforts doing spivvy short term trades in small AIM casino stocks - its only real long term investment is a 49% stake in a private company N4 Pharma Ltd. Is that the chicken or the egg?
3138 days ago
In a mad rush given that it could be booted off the AIM casino on Friday, Andalas Energy (ADL) is - according to my sources trying to raise £2 million at between 0.45p and 0.55p - that compares to 1.3p just prior to suspension. Rule breaking low life dirtbag CEO Dave Whitby has engaged commission hungry/ethics light brokers at Cornhill to bring in the cash, promising them market beating commission plus warrants - a package worth several hundred thousand quid if they can stiff their clients and back this issue. For mug punters the maths just do not stack up.
3149 days ago
I am only asking but the much ramped Andalas Energy (ADL) formerly the much ramped CEB Resources has got two weeks to pubish an AIM readmission document or it will be booted off the AIM casino. It would be farewell to rule breaking ramper Dave Whitby, no great loss.
3149 days ago
Since March 3 in 25 working days, my old pal Jim Mellon's AIM casino listed FastForward Innovations (FFWD) has released 9 ramptastic good news RNS statements - one every three days. Since 31 March it has released 6 statements - that is to say almost one a day. It is almost as if Jim has been taking lessons from the master, Mr David Lenigas, on the art of the blizzard of ramptastic releases. Yet another placing with your tea vicar? It is also the nature of the releases that concerns me.
3172 days ago
Naturally it would be un-Christian of me not to send my best wishes to Mr Yusuf Kajee one of the two tobacco smugglers who together with David Lenigas put together Afriag PLC (AFRI), a company Jabba listed on the AIM Casino but was forced to move to the ISDX lobster pot.
3177 days ago
A top broker running a reputable institutional brokerage has predicted the next big scandal to hit AIM. He describes the junior market as a Casino (I wonder which website he's been reading) and lashs out at a problem the FCA has created, the retail brokers becoming corporate broking bucket shops. Over to the broker who writes...
3180 days ago
Oh dear. Things look uber-bleak for serial money burner and AIM Casino disaster story Phorm (PHRM). Its shares are suspended pending discussions with potential investors because it is again out of cash. But has it told those mug punters the bad news from Russia? Methinks not.
3180 days ago
You know that things are tough when even those firms that are paid money to ramp hapless shares on the AIM Casino cannot bring themselves to do so with any conviction. And thus I bring you the latest note from Equity Development that is the piece of crap heading for 0p, FastJet (FJET). It is what ED does not say rather than what it does say that is so horrific.
3181 days ago
Receiving the baton from Cynical Bear we now continue the detailed series on the 100% rum and coke that is AIM Casino listed Craven House Capital (CRV). Now let's turn to Ceniako.
3187 days ago
Oh dear. To have one POS turfed off the AIM Casino might be considered unfortuaate but to have two booted off and forced to flee to the ISDX lobster pot looks like carelessness. And so after the tobacco smuggling business of Afriag (AFRI) departed, next up is Doriemus (DOR). Oh dear.
3191 days ago
There has been a deafening silence from Afriag (AFRI) as its shares have moved from the AIM Casino to the ISDX lobster pot. It has repeatedly refused to comment on the problems its key players at its main operating subsidiary, Afriag SA, continues to face. Later today I shall publish documents I have obtained from South Africa which show exactly what those players get up to and as a hint...it is illegal. But for now I ask David Lenigas who is at best a keen promoter of this POS if not a shadow director, what his pal - and fellow despicable smearer of critics - Yusuf Kajee is up to on March 17?
3191 days ago
Oh dear it looks as if another China fraud is set to be marched off to the AIM casino death row this weeked ahead of a formal execution in one month. Auhua Clean Energy (ACE) has until Sunday night to find a new Nomad following the resignation of Grant Thornton a month ago. And quelle surprise....
3192 days ago
My only problem is that I have run out of ouzo. Call it poor Phorm (PHRM) but I am thus unable to celebrate the AIM Casino suspension of trading in shares in another POS company in the traditional manner. I shall have to make do with neat orange juice.
3194 days ago
The only shock is that this took so long but today Motive TV (MTV) has announced that it is all over. It has appointed administrators. It is tits up time. Of course the day Motive shares were suspended on the AIM Casino this was bound to happen. This was a farce...whereby crony capitalists and City parasites screwed stupid private investors. Bring out the piano wire for the crony capitalists and neuter anyone who bought shares in Motive TV so "stupid genes" are eradicated from the population.
3196 days ago
Oh dear, Surely not any more scandal on the world's most successful growth market that is the 100% rigged AIM Casino. Oh yes...I fear that is the case. Step forward the St Brides PR agency and Goldplat (GDP).
The IKN Blog which specialises in South American mining stories has got hold of emails from Susie Geliher a senior PR bird at St Brides to selected investors sent last week. According to IKN:
3200 days ago
It seems that amongst the crony capitalists coining it in from the coke & hookers subsidy machine that is the AIM Casino this website is not terribly popular.
3201 days ago
Motive TV (MTV) was as of Friday night without a Nomad. It says that it is talking to advisers to find a replacement for Sanlam but if cannot its shares will be suspended from the AIM Casino at the opening bell tomorrow. In one month if no Nomad is prepared to sacrifice its reputation for cash, the shares will be booted off the casino for good. So what do you think will happen. Vote now in our latest poll - deadline 7AM Monday.
3206 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.
3208 days ago
It seems that folks round at Servision (SEV) the AIM Casino listed company with atrocious revenue recognition policies, a track record of issuing RNS contract wins that turn out not to be true and which is heading for insolvency, don't like me very much. You know what? I don't like POS Servision for all the reasons demonstrated HERE. But the Servision chaps want to fight back.
3208 days ago
Following the horrific revelations about AIM Casino listed Eden Research (EDEN) on this website HERE and HERE yesterday I have now written to AIM Regulation demanding an immediate investigation and the suspension of trading in the shares of this worthless company. The letter reads.
3209 days ago
I apologise to you all for allowing AIM Casino listed Eden Research (EDEN) off the hook when it engaged in a panama pump fraud with Terpenetech on 24 August 2015 to keep the lights on and stave off bankruptcy. I missed something - the killer evidence. Now lets go with the full story.
It starts with the creation of Terpenetech on 13 July 2011. You can see from its first annual return from July 2012 HERE that it was established by the late Clive Newitt (a director of Eden) but that he subsequently transferred all of his shares, 50% of them to White Alps Nominees.
3211 days ago
The scouse blogger Doc Holliday has today said that he will be stealing a few hubcaps so that he can buy one share in the London Stock Exchange (LSE). That will alllow him to join the protests at its AGM in late April about its wholesale failure to tackle fraud and PLC lies on the AIM Casino. So that makes three comrades pledged to attend: Doc, myself and Lucian Miers. Will you come too? Here's the deal...
3211 days ago
AIM Casino traded Greka Drilling (GDL) was born out of Green Dragon Gas (GDG). It was financial engineering designed to create the (false) impression of value creation. An operations update today is noteable for what it does not say rather than what it does because the reality is that this £14.7 million capitalised company is bust and has been for a while. The target price for the shares, now 3.7p, is 0p. Zero.
3214 days ago
Aquatic Foods (AFG) has been on the AIM Casino for exactly one year but its shares have slumped from 70p to 15p bid. The FD walked the plank today and surely Nomad SP Angel which raised £9.3 million for this POS 12 months ago must realise that the end is nigh. In this podcast I look at the numerous red flags. This one is going down.
3216 days ago
Mosman Oil & Gas (MSMN) had already flagged that the STEP acqusition was a non-runner at current oil prices and that it had a break clause at sub $40 oil so it should have been no shock that it has today formally pulled out of what was a crap deal anyway. But it seems that the morons who owned the shares were surprised as the shares have almost halved on the AIM Casino to just 1.25p. So what next?
3219 days ago
We have warned you often enough that China AIM Norfolk Auhua Clean Energy (ACE) was just not fit for purpose and today its Nomad Grant Thornton has give it one month's notice that it will quit... Auhua says it is talking to another Nomad, yeah right...
3219 days ago
Just when you thought PeerTV (PTV) could sink no lower in the AIM Cesspit it comes up with another shocker. The company is clearly insolvent, it has today admitted to lying to investors which is fraud as it issued shares after that lie and its Nomad ZAI Corporate Finance has formally walked. No-one else will act for it so after one month of suspension its shares will be booted off the AIM Casino. The next point of call will be the administrators and hopefully the rozzers as well.
The farce first. Ossie Weitzman who quit as FD yesterday has unresigned. Good, he will be there when the Old Bill come a calling. However Kavi Dhana
3220 days ago
It is not a great day for the AIM Casino. First down PeerTV (PTV) and now Oxus Gold (OXS) has called in the administrators and Nomad SP Angel has quit. The shares have been suspended since it lost its spurious legal case in Uzbekistan and now the money has all gone.
3221 days ago
So far Nomad Allenby has refused to act when shown clear evidence that its client Servision (SEV) has issued RNS statements which have not actually been born out by reality in terms of new orders. Clearly Allenby regards getting its corporate retainer as more important than its reputation. So after yesterday's shocker here is an even more monstrous lie . This company is a worthless lie factory and given that it is almost insolvent its shares are worth 0p.
3222 days ago
Yesterday I demonstrated that AIM casino posterboy Servision (SEV) was both almost insolvent and in need of a placing ASAP HERE and b) was happy to mislead investors to ramp its worthless shares ahead of a placing HERE. Right now it is ramping as it needs a placing pronto to avoid going tits up. Now I take you back to 2015 to show how it misled the market in a shocking manner to get a bailout placing away.
3223 days ago
"David Lenigas, Yusuf Kajee, Paul de Robillard, Spin Doctor David Bick, Nomad Cairn Financial we have beaten them all, we have beaten them all! Jabba The Hutt, can you hear me? Jabba The Hutt... your Afriag boys took a hell of a beating! Your boys took a hell of a beating!" Yes, Afriag PLC (AFRI) has just announced that it is leaving the AIM Casino and will now only be listed on the ISDX lobster pot and its shares are collapsing. It's ouzo O'Clock for the Sheriff of AIM once again as more bad guys are driven out of town.
3223 days ago
AIM casino listed Servision (SEV) went public on New Year's Eve 2004 ad has been a serial disappointer ever since. More than eleven years on its shares have collapsed, more than $14.672 million has been sent to money heaven and the only commendation one can make is its consistency. It is always losses, more losses, more jam tomorrow and when's the placing? And it is that matter that needs addressing for the answer must be soon. Beware the ramp.
3223 days ago
Annual accounts and other statements indicate that John Gunn has a very significant holding in AIM Casino listed Inspirit Energy (INSP) which some private investors probably take comfort from. The ally of Jabba The Hutt always says that he is in it with ordinary investors. Well, up to a point. Let's rewind.
3228 days ago
It is pointless to debate the merits of Motive TV (MTV) in terms of a fundamental investment case. This website has covered it in full detail (HERE) and I think we are all aggreed that it is a worthless piece of crap that is worth 0p and should be delisted at once. But while it stays on the AIM casino its shares are actively traded by a certain class of moron and the screenshot below shows why most are certain to lose money.
3229 days ago
Disgraced corporate adviser Daniel Stewart will have its shares thrown off the AIM Casino on Friday. Its balance sheet is a train wreck, it is burning cash, its reputation is in tatters and its shares are worthless. So what happens next?
3229 days ago
PeerTV (PTV) has lost $32 million since it joined AIM just under 5 years ago. It continues to burn cash and lose money. Its sales are trivial and it is drowning in debt. Its shares therefore have no value at all. Even as a cash shell it would have no value since it has no cash and vast borrowings. It is worthless. Full stop. Yet recent weeks have seen the pumpers in full flow in another sordid and shocking tale from the AIM casino.
3237 days ago
Eastbridge Investments (EBIV) has in various incarnations losts its original shareholders more or less 100% since it joined the AIM casino. Its shares were suspended today on the back of an announcement that just stinks to high heaven.
The stock would have been suspended anyway today becuaser after 12 months it has failed to implement its remit as an investing company. The reason? CEO Greg Collier has pissed away all the cash. Eastbridge stated today in a candid fashion:
3244 days ago
Readers of this website were repeatedly warned that AIM Casino listed Touchstone Gold (TGL) was a POS ahead of its July 1 2015 suspension. Today the company has been formally booted off the casino in a statement which shows what a total shambles this enterprise was. The curst of Steve Berry lasted well after his "departure"
3245 days ago
We have featured a range of total wrong'uns on these pages during 2015 but who do you think was the biggest stockmarket villain of the year? Rob Terry for the Quindell fraud but also for his Knob Park antics at Imaginatik and Daniel Cesspit or was he the 2014 villain? David Lenigas for the fiasco at Lenigas Cuba and the disgraceful antics of Afriag as well as the Horse Hill fiasco? Peter Landau for finally getting his comeuppance? Criminal and liar Chris Oil who surely gets his collar felt in 2016? Naibu's Houyan Lin? What about Costis from Globo? The AIM Casino short list is in fact a depressingly long list but you can vote from the dirty dozen I have shortlisted below. Deadline midnight 3rd January.
3249 days ago
AIM casino listed Environmental Recycling (ENRT), formerly known as 3DM is worthless POS which has been twice censured by the FSA (today's FCA) for misleading investors. In clarifying the status today of an uber expensive loan it has taken from its founder, Kennyboy Brooks, it has just admitted to a third deception.
3251 days ago
Tomorrow I shall be in New York with my daughter and her uber-mad lefty godparents. Yesterday I spent the day with my wife's family including her barking mad (Greek) brother in law. He has numerous good qualities and is very likeable but a couple of major blind spots. I managed to control myself as he claimed that the evil Jews were behind 9/11 and controlled global banking. Then he moved onto capitalism. He has it wrong but so does the stockmarket from the FTSE 100 down to the AIM casino. In 2016 chickens will come home to roost for both.
3251 days ago
On Christmas Day I demonstrated clearly that the two main principals of Afriag (AFRI) had a serial record of being involved with companies engaged in tobacco smuggling in South Africa. That they are now running a logistics business in South Africa is the AIM Casino equivalent of putting a fox in charge of the hen house. But there is also a technical reason why the shares must be suspended at once. And will then never come back.
3251 days ago
Merry Christmas to you all. In this podcast I reveal my seven heros of 2015 from the AIM casino and my ten villains. Yes David Lenigas does feature as does Rob Terry, Marcus Stuttard, Roland "fatty" Cornish, Paul Scott and the firm of Daniel Stewart - can you guess which category each of them are in?
3256 days ago
PR genius Steffi I applaud you for making me a happy man with what must be the most ludicrous press release of the year from your client Golden Saint Resources (GSR). We know that this company is bankrupt and trading whilst insolvent but I am glad that Nomad Roland "fatty " Cornish has not done his job properly and suspended the shares from the AIM Casino as this is sheer comedy.
3257 days ago
Cripes there is so much entertainment provided by the clowns who run shite companies on the AIM casino. Where do I start? This podcast covers Mosman Oil & Gas (MSMN), Rapidcloud (RCI), Arian Silver (AGQ), Concha (CHA), Rosslyn Data (RDT), LGO Energy (LGO), Fastjet (FJET), Afriag (TOAST), UK Oil & Gas (JOKE), Jiasen (FRAUD), Nostra Terra Oil & Gas (NTOG) and Independent Resources (IRG).
3257 days ago
Earlier today my colleague Robert Tyerman penned some bullish bollocks on African Potash (AFPO). In this bearcast special I explain why he is 100% wrong. This company is drowning in red flags and is a 100% bargepole stock. It is just worthless shite on the AIM Casino. The shares are a storming sell.
3258 days ago
On today's regular bearcast naturally I do comment on a few Jabba The Hutt stocks - notably Afriag (TOAST) as they are tanking but the main David Lenigas leaves the AIM Casino bearcast is HERE. Elsewhere I look at 88 Energy (88E), New World Resources (NWR), Rightster (RSTR), CH Bailey (BLEY), Iofina (IOF), ECR Minerals (ECR), Gable (GAH), Concha (CHA), Conroy Gold (CGNR), Petropavlovsk (POG) and Alba Minerals (ALBA)
3258 days ago
Jabba The Hutt quit all five AIM Casino boards he sat on today. In this podcast I reveal the events of the weekend and discuss why he may have left. I warn him that the Nationals are on his case and so smearing me will be ever more pointless. And then I look at actions of the Bulletin Board morons who are still in denial. And finally at what this means for the Jabba stable. It is bad news. The best bet for near term zeros are Afriag (AFRI) and Evocutis (EVO) but Rare Earth Minerals (REM), Inspirit (INSP), Solo Oil (SOLO) and LGO Energy (LGO) are also all slam dunk sells as I explain.
3258 days ago
This morning fat Aussie share ramper David Lenigas has, without warning, resigned from the boards of all five AIM Casino Companies on which he sat: Inspirit (INSP), Afriag (AFRI), Rare Earth Minerals (REM), Bacanora (BCN) and Evocutis (EVO). Why?
3258 days ago
Without warning Jabba The Hutt has today resigned from the boards of all 5 AIM Casino stocks on which he sat. The reasons - try looking here. But as he departs we have a song for Big Dave
3263 days ago
Our coverage of the AIM Casino fraud Naibu (NBU) was detailed and we called it out as a fraud openly more than six months before its shares were suspended. Staff at Daniel Stewart (DAN) knew it was a fraud and did nothing. The NEDS were in denial when I ambushed them at the AGM - HERE. The NEDS and Daniel Stewart staff were a bunch of upper class twits who patronised me and failed investors. But now it is mea culpa time. The hooray Henry's who took the Naibu shilling as NEDS have today published a full update on what is going on. It is horriffic reading.
If you are an investor in Jiasen (JSI) don't laugh too much, I reckon that you are next.
I can do no better than reprint the report in full. This is a disgrace and a day of shame for AIM. Over to the upper class twits:
3266 days ago
In this presentation I explained how an AIM Casino China fraud was created and how the fraudsters made their cash. I named the useful Western firms who assist with the frauds and then named three Companies still on AIM on 28 November (although one has since gone onto death row) which are frauds. Enjoy...
3267 days ago
I believed in Insetco (INC) briefly but then warned folks to sell quite explicitly as new information came up. I labelled it a bargepole stock HERE - you cannot say that you were not warned. I can only hope that the BB Morons who say they buy everything I say sell did just that. The moral here...
If a proven fraudster like Terry Ramsden is shown to be involved, especially behind the scenes, get out. Insetco was booted off the AIM Casino on May 18 as its Nomad (belatedly) quit. I had warned it about Ramsden well before it announced it was quitting.
And now the fat lady has sung as
3269 days ago
Yes, it is indeed InternetQ (INTQ) which joined the AIM Casino exactly five years ago today claiming to be a "profitable and cash generative company" as it raised £6.8 million at 120p giving it a market capitalisation of £31 million with 25,697,435 shares in issue . Hmmmmmm.
3284 days ago
In a pompous sort of way as if he we running a FTSE 100 company not a piss poor, going bust, AIM Casino disaster story like Outsourcery (OUT), Dragon’s Den flop and serial business failure Piers Linney today announced a change of auditor. That Piers, my boy, is not the issue is it?
3286 days ago
This classic from Blue Oyster Cult is today's song for Sefton Resources (SER) becuase tonight its shares will formally be booted off the AIM Casino following the resignation of Nomad Allenby a month ago. We know Chris Oil told everyone backing his putsch that he had a new Nomad. But he was lying. That will be a matter for the rozzers in due course. Meanwhile...
3288 days ago
Floated on the AIM casino 18 months ago at 10p, shares in the insolvent Golden Saint Resources (GSR) are sliding again today and are now just 0.035p to sell (loss since IPO of 99.965%) so how is its crowd funded debt death spiral doing. I am afraid that the news is not good on day 42.
3290 days ago
With a hat tip to reader Rudyard, I now lay out the bear case for Rare Earth Minerals (REM), another David “Green Hair Services” Lenigas AIM Casino counter that is monumentally overvalued. The fat aussie share ramper Jabba The Hutt insists he has no need to issue shares. The maths suggests he has to. The shares should fall by 75%.
3297 days ago
And things were going so swimmingly for AIM Casino and ASX listed Oilex (OEX) until this afternoon when it issued a shocking announcement. Oh dear.
3304 days ago
This is really very easy, I present to you the share price charts for four AIM casino stocks. All you have to do is say which is the odd one out and why? It could not be easier could it? Entries in the comments section below please.
3307 days ago
What is today's biggest disaster on the AIM Casino? Caza, Stellar, one of the Del Boy Lenigas stable? China fraud Geong? take your pick. The Casino is not fit for purpose. Surely the day of its demise looms. And on that note we ask you for suitable captions for the picture below. For what it is worth my entry is:
3307 days ago
Over at Paternoster Square, above the headquarters of the London Stock Exchange the black flag was again raised this morning as Geong (GNG) took its final walk to the AIM casino execution chamber and was despatched. I’ve been wanting to say this for three years: “Geong, Geong…Gone!” This is the 15th AIM casino ShareProphets China Filthy Forty stock to meet its maker since the Index was started on June 1 2014. Who’s next?
3309 days ago
The last tweet was September 23. But Quindell (QPP) fraudster Rob Terry and his Knob Park ponzi are again tweeting promising news next week. Might this be an update on his discussions with the Serious Fraud Office or from fraud to farce, news about AIM Casino POS Daniel Stewart (DAN)?
3309 days ago
Earlier this week PeerTV (PTV) – IPO’d at 45p a share four years ago now 0.02p – accepted that four shareholders had the right to stand for election to its board at an EGM on Monday. Today shareholders were told that they no longer had the right to decide who runs the company they own. AIM has allowed PeerTV to execute shareholder democracy. It has sent a message to all investors – FUCK YOU: the crony capitalists run the show.
3312 days ago
PeerTV (PTV) has been a complete disaster story of the AIM Casino. Its first (lack of profits) warning came within weeks of its IPO at 45p per share in December 2010 and in fact related to events prior to the IPO which it had neglected to mention at the time. The shares are now 0.03p. And so it is now time to sack the board at the AGM on Monday. If you own any of the 2.4 billion worthless pieces of confetti in issue here is how to vote and why you should.
3325 days ago
Given the disgraceful profits warning, disposal that made no sense, joke of a balance sheet and all round laughable state of affairs, AIM China play Vmoto (VMT) should have lost its Nomad and been suspended ages ago. Instead it has just announced that it is to leave the AIM casino and since it maintains a listing in Australia it no needs no permission to do so. Another one bites the dust.
3326 days ago
Carry on Up the Sefton Resources (SER) has helpfully given us an update on its death throws as an AIM casino listed stock – suspension could well arrive by as soon as Friday at 7 AM. The timetable of doom is thus:
This afternoon Chairman Jossy meets wannabee CEO Clem Chambers, the boss of ADVFN (AFN). Clem, backed by Dan Levi and market abuser Chris Oil, is insisting that he wants to go on the board ASAP even though no Nomad will act for Sefton under new management. This, BTW, is not a reflection on Clem but on Mr Oil.
3328 days ago
Carry on up the Sefton Resources (SER) shareholders should be warned: trading in shares in your company will be halted sooner than you think and the company will almost certainly be kicked off the AIM Casino a month later, we have it from more than one source that Clem Chambers and those who called for an EGM are not backing down.
3331 days ago
On Tuesday shares in fraud China ReRun (CHRR) were suspended as the Nomad and token whitey NED quit. In a month the shares will be booted off the AIM casino. But today the company hit back with a statement that swings between lamentable and sheer comedy. I offer up a translation in bold.
3332 days ago
Naturally I have a complete box set of both the Rambo and the Rocky films on DVD. I have suggested to my Mrs and her mad lefty friends that we have a relaxing weekend in watching both box sets but for some reason they don't seem too keen. Perhaps they would settle for Delta Force? Did I read that there wil be a new Rambo film where he takes on ISIS? Bring it on. The quote is prompted by a threatening email received from the boss of a firm booted off the AIM casino. It will not wash. In this podcast I discuss Belzone Mining (BZM), aka Bellend Mining, Cloudbuy (CBUY), Inspirit (INSP) where I suspect the next news from the David Lenigas boiler room will be another placing, Sareum (SAR), Motive TV (MTV) and Getafix Stacey fave Feedback (FDBK).
3332 days ago
Shareholders in Motive TV (MTV) can only be described as stockmarket masochists. In they wander to the dungeon of the AIM casino to find a leather clad figure (Leonard Furtig) preparing to chain them to the wall for another beating. Whack, another placing, smack, yet another placing, are you diluted enough yet Mr Shareholder? And still these folks come back for more. But now I want you to turn your mind back to a placing on 26 November 2014 and ask the question did Motive TV raise money on a false prospectus and lie to investors?
3333 days ago
I am on an anger roll with the crony capitalists on the AIM casino today. SeaEnergy (HERE) was the first to feel my ire. Next up is the board at Eclectic Bars (BAR). When the great libertarian revolution comes the newly privatised Police force will round these swine up too and – having organised a firing squad as a result of a competitive tender process to select the shooters - these bastards will also be put up against the wall.
3334 days ago
Oh dear. This reads badly for the LSE which reckons that Chinese stocks on the AIM Casino are as good as any other. Nomad Cairn has quit the China ReRun (CHRR) account and after less than two years on the Casino, its shares have been suspended. They will be booted off in a month when no other Nomad volunteers to take this on. No Nomad will touch this with a bargepole following this statement:
3338 days ago
AIM Casino China play Vmoto (VMT) has served up yet another red flag with an announcement that it has issued a shed load of shares to various parties. Vmoto claims to be drowning in cash but as I pointed out HERE its balance sheet is actually very weak. So today it announced:
3338 days ago
One of the joys of being in London (okay the only joy) is that there is a constant stream of folks popping in to see me all the time and amongst those who wandered by last week was Tony Dunleavy, the recently appointed CEO of AIM casino listed Strat Aero (AERO). Now you may find this hard to believe but Mr Dunleavy said something to me and has actually kept his word.
3339 days ago
Oh dear. It could not get its accounts out on tme - given that they were total fiction that would have been hard - and at 4.05 PM today, shares in Geong (GNG) were suspended as Nomad and broker Finncap quit with immediate effect. I've wanted to use the phrase Geong, geong gone! in a headline for years and now I can. If no Nomad signs up for reputational hara-kiri within a month Geong will be booted off AIM. Pro tem it goes onto the casino death row. Boy the cells there are getting crowded.
3340 days ago
You may well remember my six part acid trip with scumbag a'hole dirty tricks specialist lawyers Pinsent Masons HERE. I had almost forgotten but last night I was sitting in Free Speech & Liberty Pizza when a white rabbit wandered in wearing a T-shirt saying "Chris Oil - Sefton's saviour". I looked up and the white rabbit handed me a sugar lump. Heck. Why not. I'd had a good day. Camkids was on its way to AIM casino death row so I said "thank you", forgot about my diabetes and swallowed. Shroooooooooooooooooooooooom.
3341 days ago
We all knew that at the October 6 EGM, team Chris Oil would win and that the current directors – bar Jossy Rachmantio would be booted out to be replaced by ADVFN’s (AFN) Clem Chambers and Mike Hodges. Sefton (SER) has now thrown in the towel but the drama is far from over.
Oil and Comrade Dan Levi have now withdrawn their EGM requisition and Jossy has agreed to welcome Chambers and Hodges to the board at some time in October. At that point Nomad Allenby will quit.
If no new Nomad steps up then Sefton will be slung off the casino. Today Sefton stated:
3341 days ago
Camkids (CAMK) was a fraud but the shares carried on trading as morons and followers of Sith Lord Zak Mir (see HERE) reckoned they could game the market with short term trades. Then today the Nomad quit and the shares were suspended at once and they won't be coming back. All the short term traders can now sing along with Nigel, Ben, young Steve and myself to the ShareProphets AIM Casino theme song "All the Money's Gone" by Babylon Zoo. So who is next?
3341 days ago
And it is another kill for the Sheriff and Deputy Sheriff of AIM – China fraud Camkids (CAMK) is now on death row with its shares suspended as Allenby this morning quit as Nomad with immediate effect. The lying tossers at Camkids could not even tell that straight – the RNS stated “Change of adviser”. It meant, the adviser had quit as it finally accepted this was a nailed down slam dunk fraud. It gets worse.
The token white bloke on the board, Jacques-Franck Dossin has resigned as Non-Executive Director of the Company “as he opposes the financial compensation which Camkids proposes to pay to three of its exiting distributors”. The CFO Ng Pei Eng has also walked with immediate effect.
You will remember that Camkids announced
3344 days ago
In today's podacst I start with an apology to India from yesterday's Bearcast. Then it is on to defend Malcolm Stacey for his column today on refugees - for once the old boy is 100% correct although most folks seem to disagree. Then it is onto Zak's piss poor analysis of China frauds (HERE). Finally CEB Resources (CEB) which looks like a totally overvalued AIM Casino ramp.
3345 days ago
I never cease to wonder at the stupidity of some of the Bulletin Board Morons. Today’s interims from AIM Casino China fraud Jiasen (JSI) are dreadful – an abandonment of dividend policy despite the company claiming to be drowning in cash, a warning of how it will explain away that imaginary cash. Shares in this company have slumped in less than two years from an IPO price of 82p to 7.25p (up 1.25p today). Yet the morons celebrate.
3347 days ago
Shares in Vmoto (VMT) are back from suspension on the AIM Casino and ASX after it published a statement which only the thickest of morons and China Norfolk addicts will believe. It is talking shite. The shares are off 18% at 13.5p but the valuation of £20 million is just a rum n coke. Sell.
3349 days ago
Of the Filthy 40 China stocks listed on AIM on June 1 2014 or listed since, ten have already been booted off the Casino while shares in four are suspended. Of those three are suspended as the Nomad has quit. They sit on Death Row and the first execution, expulsion from AIM, is scheduled for tonight.
It was Grant Thornton that quit as Nomad for Global Market Group (GMC). It floated at 130p in June 2012 at 130p. Its shares were suspended at 20p-80p. Boy that is a spread and a half. It has since announced
3349 days ago
There are numerous reasons why the AIM casino system of regulation based on Nomads fails miserable to protect investors from lying and fraudulent directors. But one major failing is what happens when a Nomad resigns and to demonstrate this I have got my hands on the letter sent by Fox Davies when it quit as Nomad to Sefton Resources (SER) in September 2012 and am delighted to share it with you. Private & Confidential it is marked. Well not any more chaps!
Over the weekend I published leaked emails which demonstrated the moral vacuum at lawyers Pinsent Masons (earning obscene fees acting for Sefton) but also the real reason that Fox Davies quit – quite simply it thought Sefton was misleading investors.
3352 days ago
It is now certain, following the shock resignation of Raylene Whitford, that Sefton Resources (SER) will soon be run by Clem Chambers and Mike Hodges at the behest of Brokerman Dan and market abuser Chris Oil. Nomad Allenby will quit the day the new consortium takes charge meaning Sefton will be booted off the AIM Casino unless a new Nomad steps forward. So which Nomad wants to commit reputation hara-kiri?
Mr Oil says he has already secured a Nomad. Mr Chambers seemed less sure when being monstered by Justin the Clown on a recent interview. So who will act for Sefton? We ask you to vote in our latest reader poll. Deadline Sunday Midnight:
3352 days ago
Another day and yet more entertainment from the biggest joke company on the AIM casino, Carry on Up The Sefton (SER) – CFO Barbara Windsor, played by Raylene Whitford, has quit the board with immediate effect. WTF?
3355 days ago
On 14th July 2015 AIM Casino dog Iofina (IOF) made its last announcement – the usual bag of shite trading update. Its shares closed the day at c22p. The shares are now 14.5p having fallen steadily over the past two months but aggressively of late. So when and what is the bad news?
Obviously Zak Mir tipping the shares as a buy on August 8th was a bit of a kiss of death but there must be something worse to come?
3357 days ago
Last year my three part Christmas Carol series concluding on Christmas day featured the Quindell (QPP) fraudster Rob Terry. In a prior year Evil Knievil featured. I was thinking about this year’s offering today but whose Christmas Carol will I be recounting?
To give you a flavour of what lies in store, the Rob Terry series can be found HERE.
There are so many obvious targets for satire from the AIM casino.
3357 days ago
It is all very well to ridicule the Daily Telegraph’s top ten AIM shares to buy to dodge IHT as I did yesterday HERE but could you do any better asks a reader. Possibly not, I don’t really like the AIM Casino but I am always up for a challenge so here goes.
The list below is my basket of ten – I hot link each one to our coverage here on ShareProphets which is in some cases fuller than other. Three are in there since we own them and thus it would be odd for me not to include them ( that is 1-3). The others are there with capital preservation (this is IHT dodging we are talking about) in mind although I hope for dividends and growth from the lot.
3358 days ago
The Daily Telegraph has a cunning wheeze for its readers to avoid Inheritance Tax – buy AIM stocks. In fact this is a double wheeze. Not only are these IHT free assets but the Torygraph has selected a top 10 which seems guaranteed to smash the value of your estate. It is ‘avin’ a bubble with its top 10 dogs, oops I meant AIM Casino shares to buy.
3360 days ago
Another day and another entrant emerges in the ShareProphets TERNer prize for our readers for asking Geekish questions about the real value of the tech of AIM Casino listed Tern PLC (TERN). Today's entrant is Geek number one with a second try. Over to CryptoBod:
3361 days ago
Emmit PLC (EMT) was booted off the AIM casino in May of this year but said that – notwithstanding a parlous financial position – it hopes to make a comeback once it has completed an RTO. I suggest that it has zero chance of this given the revelations below, revelations which show that its former Nomad Daniel Stewart (DAN) was not fit for purpose. Daniel Stewart deserves a massive censure and fine for the scam it allowed to take place. A scam that has cost investors millions.
The FCA flagged up a pension scam involving shares in Emmit last year stating:
3362 days ago
A wide ranging podcast today from my rather cold garage in Bristol. Why oh why cant I be in Greece? In today's issue I sart with the disgraceful antics of the directors of AIM casino shocker The Hotel Corp (HCP) and Shore Capital. Pledge your support to Marcus Yeoman [email protected] now! Then I turn to Oxford Instruments (OXIG), SQS Software (SQS) which gets a major doing over, Fitbug (FITB), Tern (TERN) and M Winkworth (WINK) where my thoughts are more about UK house prices than about the company itself.
3366 days ago
What has happened to the IPO of Lenigas Cuba? Only asking. Meanwhile I wonder what percentage of the 100 oil companies on the AIM casino will still be on the casino and engaged in oil by April 1 2016? I suggest three routes by which they will exit stage left and hazard a guess. I reckon it will be 82 left. And I discuss denial in oil versus mining and why I am almost tempted by mining stocks again
3372 days ago
At no-one is watching a clock yesterday AIM listed Hotel Corp (HCP) directors published a document seeking to thwart boardroom change at this disaster story and save their grubby tax free pay packets. Sadly for them I have obtained a series of emails which show that the document contained a series of lies. Worse still I have obtained accounts showing how 22% shareholder and ex Nomad to Hotel Corp, Shore Capital has coined it in from this vehicle, making millions, as shareholders have lost everything. The directors and Shore Cap oppose Yeoman and wish to pursue another venture similar to the last one which cost shareholders everything but made Shore millions ( and paid the useless board too much for doing sweet FA). I expose the lot of them and am furious.
This podcast contains bad language as I am livid - this story shows everything which is wrong about crony capitalism in the City and on the AIM Casino. I also accuse Messrs Short and Craine of lying to their investors and invite them to sue me for libel as I have the documents which show that my claims are 100% verifiable. See you in court bitchez!
Any shareholder in Hotel Corp should at once contact Yeoman to pledge support at the forthcoming EGM - this will be a proxy fight and everyone should back Yeoman against the lying crony capitalist Derek Short. Please contact Yeoman today on [email protected]
3385 days ago
The more I look at the collection of investment train wrecks and outright frauds that are the China filthy forty the more I am horrified. Let’s look at the 26th best performer out of the 40, it has only lost 96% since IPO on the AIM Casino. I refer to Northwest Investment Group Ltd (NWIG), a special from Big Ray Zimmerman of ZAI Corporate Finance.
3386 days ago
We today launch the China AIM Casino Filthy 40 – a way of tracking what a fraud ridden mini cesspit this is. The findings and the tables below will truly shock you and shows what fantasists the idiots running the London Stock Exchange are.
3387 days ago
Crowe Clark Whitehill is the UK auditor of a number on AIM casino china frauds and its associate in Fujian, Crowe Horwarth Associates really gets fingers dirty. We know that the blatant long term fraud at Sorbic (booted off the casino), Naibu (booted off the casino) and Camkids (soon to be booted off the casino) as well as at Jiasen and JQW totally escaped its attention. In light of that we bring you the latest Financial Reporting Council review of Crowe.
We suspect that the case files it reviewed did not include any of the China frauds, oops I meant clients. Perhaps next time the FRC should have a butchers at one or two of our Oriental friends.
But we draw your attention to a couple of FRC observations:
3387 days ago
Tinci listed on the AIM casino back in 2006 raising £2.1 million at 70p. It delisted with the shares at 4.375p on January 2015. Now you see it, now you see new it. This is quite amazing.
3389 days ago
Auditors Crowe Horwath Associates have performed the local audit for five China AIM casino companies and at three we have already seen wholesale fraud as purported cash balances either were made to disappear or never existed at all. The Financial Reporting Council, FCA and the oxymoron that is AIM Regulation need to act NOW and shares in Camkids (CAMK), Jiasen (JSI), and Asia Ceramics (ACHP) must be suspended at once.
The companies where we know that there has been fraud and which got clean bills of health from CWA were: Naibu (NBU) –delisted -, Sorbic International (SBI) – delisted - and
3389 days ago
On October 8th 1300 men and women in black tie and pretty frocks will gather for the annual AIM awards dinner in London. Seats cost c£150 each but who cares, it is you dear mug punters who are paying. The website is a hoot.
Why are you paying? Nearly all the tables are booked by City advisors: PR flunkies, lawyers, brokers, nomads. They earn their cash for ramping shite companies on the AIM Casino and then helping them raise money from er…you, private investors. So you are paying for this celebration. The website is a hoot. Here is the homepage script with our translation in bold:
Each year the AIM ‘club’ gathers to celebrate outstanding achievement on the world’s most successful growth market.
Each year 1300 crony capitalists get pissed and fill their bellies using cash ultimately leached from private investors. The champagne comes
3389 days ago
Earlier today we demonstrated quite clearly (HERE) why Camkids (CAMK) has committed accounting fraud and why the statement of yesterday just does not add up. We have been saying that this company is a fraud for months and months and that is now clear to all. The local auditors of Camkids and the now delisted fraud Naibu acted for two other AIM stocks, one of which is Jiasen (JSI). It is also a fraud and we call for an immediate suspension of its shares as well.
We demonstrated clearly that there are numerous Red Flags for Jiasen HERE
This is a company that – like Naibu and Camkids – claimed to be drowning in cash yet mysteriously also borrows money at punitive rates. We have no faith whatsoever that accounts signed off by Crowe Horwath following the abject failures to report contingent liabilities or bank debt at Camkids and Naibu respectively. We are far from convinced that the stated cash position at either firm – as signed off by Crowe Horwarth – was in fact true.
In light of this
3391 days ago
Former ‘Investors Chronicle’ favourite AIM casino China fraud Camkids Group (CAMK) has released a more than 600 word RNS, which can be almost summed up by a 1999 song from Wolverhampton band Babylon Zoo; ‘All the Money’s Gone’… The shares are crashing and if Nomad Allenby had any integrity it would quit. This is a total Rum n'Coke.
3394 days ago
The fraudster Rob Terry of Quindell (QPP) infamy is a busy guy as he prepares for the inevitable dawn raid by the Serious Fraud Office as a precursor to a trial and a custodial jail sentence. His latest posting on the website of his new vehicle Quob Park is quite simply delusional.
Terry discusses the merits of getting a public listing HERE and argues that it would be better if Quob Park did not list. Hmmm. We can think of another good reason or fifteen why a listing is not going to happen. How about the fact that Quob’s founder (Mr Terry) is the subject of a SFO Criminal Investigation? Or the fact that PWC has come out and said that the accounts he prepared at Quindell (and even its IPO document) were plain fantasy? Or that Mr Terry misled the poor lambs at KPMG in relation to prior audits? The list goes on. And on. And on.
It is just inconceivable that a Rob Terry entity could gain a public markets listing. Even the AIM casino would say no and no Nomad in town would touch Terry with a bargepole.
Then Terry goes onto to argue that Quob’s biggest investment – Daniel Stewart
3395 days ago
Normally Big Ray Zimmerman of ZAI Corporate Finance, nomad to a stack of China frauds, puts his name to lies pumped out by the Norfolks on the AIM Casino. But by way of change I have been passed evidence of Big Ray telling porkies in a regulatory announcement about his own company.
For what you may not know is that ZAI Corporate Finance is in fact part of a larger group, ZAI Capital Group SA which describes itself as a ”financial holding company the business of which is to invest in investment banking entities globally to create an internationally-focused investment and merchant banking business offering corporate finance, stockbroking and financial advisory services primarily to small- and mid-cap companies.”
But Big Ray does not want shares in this global enterprise listed on the Mickey Mouse AIM Casino. That is for his clients. Instead his own shares are listed and traded on the Luxembourg Stock Exchange.
3397 days ago
Oh dear. Oh dear. Oh dear. It just gets worse and worse for AIM casino poster boy Sefton Resources (SER). The company has just fessed up that the sale of its shite Kansas assets is off. And there is more: the bottom line is that another bail-out placing may be imminent.
3399 days ago
Floated on the AIM Casino at 60p in November 2013, shares in Rightster (RSTR) now trade at 13p-17p but worse is to come as last week’s trading statement DIDN’T make clear.
I have attempted to discuss this with the company but it refers all enquiries to its £5,000-£10,000 pcm PR agency Newgate Threadneedle where the main man is Tim Thompson, the guy we got sacked from his last gig when we exposed the dirty tricks he played on behalf of Range Resources on dissident shareholders. Disgraced Timothy refused to return three phone calls on Thursday as did his colleagues. Well that is £5,000-£10,000 of shareholders cash well spent is it not?
The trading statement was full of the usual shite.
3401 days ago
We had rather missed the comedy show that was Rangers FC (RFC ) as a listed company since it was booted off the AIM Casino on April 2nd 2015. But the club has now taken a step to regaining a listing on ISDX, the market formerly known as Plus. Good news for comedy fans everywhere. Rangers listed and the trial of Craig Whyte of Rangers and Worthington infamy, an autumn of hilarity awaits.
3405 days ago
The Mrs hails from the Grim Northern post industrial wastelands and so to keep in touch with life in the welfare safari is an avid viewer of Coronation Street. I admit that I was watching two episodes last night as a refresher course on what life is like in the slums of Manchester. And that brings me to a few comments on today's other Manc Soap, the strange tale of Brokerman Dan. Then it is onto Gate Ventures an ex AIM Casino fraud which has put out the most amazing announcement this morning and that is the main point of this podcast. Roland "fatty" Cornish I hope you are listening.
3408 days ago
POS AIM casino dog Mosman Oil & Gas (MOSMN), is – I can exclusively reveal – right now struggling to get away yet another keep the lights on placing at just 1.75p a share. This story gets worse. And worse.
3412 days ago
China fraud Jiasen (JSI) floated at 82p a year and six days ago. The shares are now 4.5-5.25p following news that the Chief Financial Officer Kian Tan is set to walk the plank within weeks. The shares now trade on an historic yield of almost 50% and at an 80% discount to stated net cash and on a PE of 0.3 if you believe the numbers. I do not. They are pure fiction. Jiasen is circling the plughole of AIM casino death as I flagged up again yesterday HERE.
Today’s statement reads:
3412 days ago
Naibu (NBU) was a fraud from the day it joined the AIM Casino in April 2012 thanks to disgraced Daniel Stewart (DAN) but a careful analysis of the subsidiary accounts of the City Crony Capitalists shows the stink is even worse than we imagined.
We demonstrated that Naibu was a fraud from pre IPO on a number of occasions but notably when exposing the undeclared criminal record of CEO Houyan Lin (HERE) and also the undeclared debts on the balance sheet (HERE) In fact the whole company was a fraud from top to bottom which is why CEO Houyan Lin has been in prison since November last year (not that Daniel Stewart warned investors) and why the shares have now been booted off the casino altogether.
The Daniel Cesspit subsidiary
3417 days ago
Once every three years, the long suffering shareholders in AIM casino listed Bahamas Petroleum (BPC) get the chance to get rid of CEO Simon “Harry” Potter – the next chance is next week and this is why I urge all investors to send Harry packing.
3418 days ago
Warren Buffett says that anyone who uses EBITDA is either trying to fool you or to fool themselves and that brings us to a comedy profits warning from POS AIM casino dog Iofina (IOF) issued first thing today. What clowns.
3419 days ago
POS Aim casino poster boy Mosman Oil & Gas (MSMN) has today put out the most ridiculous and desperate operational update in an attempt to spoof mug punters to buy the shares. For the fact is that Mosman is almost out of cash – though it won’t admit it – and needs a bailout soon.
Perhaps these shysters would give us a full year trading update stating what net current assets and cash are? Oh no…that would give the game away.
3429 days ago
AIM casino cash munching machine Phorm (PHRM) today served up an “operational update” which is a load of bullshit in itself but what that means is that a placing will happen within days. Just look at the pattern.
3432 days ago
Before I turn to Sefton and the wider issue of impairment (or not) on the AIM casino I am still bristling after being rubbed up the wrong way last night by an apologist for convicted felon Charlie Gibson and so until I get bored I wish to remind you of why Gibson is a felon (HERE). Then onto today's business. To give flip flop a break there are a few comments on Sefton's results and why I am still a bear. Then the issue of asset impairment and today's Kansas news vindicates a lot of what Dan Levi and I said about Jimmyliar Ellerton. But it raises the wider issue of inadequate impairment reviews on the AIM casino.
3437 days ago
At 1.15 PM on Tuesday 23rd June, the China fraud Gate Ventures (GATE) announced that its Nomad - Beaumont Cornish - had quit on the Monday. The statement that it issued was er...much as you'd expect from a bunch of Chinese criminals and their useful idiot British patsies.
If Roland "fatty" Cornish quit on the Monday - as indeed he did - Gate should have announced this as soon as possible and it worst at 7 AM Tuesday. The delay is odd. Gate's statement reads:
3440 days ago
The floor wiping will start at 6PM tonight at Free Speech & Liberty Pizza - all welcome. I refect on the joy of writing about or investing in real companies with profits, cashflows and assets and lament the popularity of stocks which are nothing like that on the AIM Casino. I look at Armstrong Ventures now run by my old pal Peter Redmond and Pires Investments - also a POS. Then at Jiasen, Falanx (statement needed chaps), Afren, Mosman Oil & Gas and Touchstone Gold.
3443 days ago
Rob Terry and his latest Quindell missive, the latest Sefton farce, the China frauds, the sheer level of mendacity, greed and corruption on the AIM casino is at a level which I cannot remember but the authorities do sod all and all the time the Private Investor gets screwed. This week AIM celebrated its 20th birthday and its allies in the crony capitalist cabal on Fleet Street lapped it up. I am sorry to say that my old pal Geoff Foster of the Daily Mail penned a vomit inducing piece HERE which needs "fisking"
3447 days ago
This podcast contains bad language. AIM is not the only 4 letter word used. I look at two big fallers today: Sabuen Technology and Management Resource Solutions. In very different ways these companies demonstrate everything that is wrong with the AIM casino and why investors will carry on getting screwed unless radical changes are made.
3449 days ago
AIM casino listed China fraud Camkids (CAMK) has helpfully published an English language transcript of a Q&A from its AGM yesterday. There are moments of sheer comedy but also a killer admission which should tell you this is heading for 0p.
3452 days ago
After the Schlumberger shares pump of last week in a brazen and shameless manner AIM Casino listed UK Oil & Gas is now passing the hat around in a quite brazen and shameless fashion.
We can exclusively reveal that on the back of the Horse Hill hoo hah
3465 days ago
It was drawn to our attention that we were carrying adverts on this website for Plus500 (PLUS) the AIM casino listed slow motion car crash. The ads game via Google so we earned buttons from them however...
3465 days ago
In today's bearcast I sing happy birthday to you for Marimedia. Ok it is not such a happy 1st birthday on the AIM Casino. What a shocker. Then onto Sareum, Sefton Resources (see HERE), Gable, JQW, Jiasen and Northbridge. Now into the fields to poison some frigana.
3466 days ago
Jiasen International (JSI) a company making wooden doors which claims to be able to buck all macro economic trends and operates in the fraud hotspot of Fujian province China has noticed that its share price has collapsed to just 19p - down from a July 2014 IPO at 82p.
3466 days ago
GXG Markets has concluded its investigation into US Oil & Gas and given it the all clear. Jeepers are all regulators imbeciles? It was demonstrated that on repeated occassions USOP made statements that were simlly not true and were directly contradicted by authorities in the USA. That has been well documented here. As such we can only conclude that misleading investors is all well and dandy on GXG just as it is on the AIM casino. Really I cannot see what the point is of playing it straight anymore?
3466 days ago
I have warned repeatedly that AIM casino listed Rightster (RSTR) is a wrongster yet somehow the company has persuaded institutional investors to stump up another £5 million at 18p. Good money after bad is what I call it. Those dumb enough to throw cash at this POS should perhaps reflect on a few matters.
3466 days ago
Naibu (NBU) joined the AIM Casino on April 5 2012 and from that day to the bitter end it always insisted that it had zero debt and cash of c£40 million. That was, as I shall demonstrate below, one monstrous lie. And this now brngs to the fore the whole issue of all the other China frauds on AIM claiming to be drowning in cash and debt free and the pathetic regulation of this whole shambles.
3473 days ago
At No-one is watching O'clock ( 6.29 PM) the news finally came through. Congratulations to Ben "pitchfork" Turney - the EGM of AIM casino posterboy New World Oil & Gas (NEW) has not passed either proposal made by the board.
The two motions needed to get 66.67% of those voting to pass. On the placing the yes side managed to get to 50.7% on the handing out of warrants like confetti to adviser motion they got to just 31.94% - thus both motions fail.
3477 days ago
Oddly I had quite a lot to say in this podcast. I start on a personal note, feeling a confidence breached. I then move onto the buggers muddle at New World Oil & Gas (NEW) - really the shares must be suspended now until Wednesday. Then onto Insetco (INC) and lessons learned from a debacle we warned about and which the Deputy Sheriff of AIM covers again HERE. Finally onto the "Gary Newman rule" - his suggestion of locking in those taking part in AIM placings. I sympathise but I warn that it would kill off 400 companies on the casino. Beware of what you ask for.
3479 days ago
In November of 2014 the Qualifying Executives in the Nomad team at Daniel Stewart, led by China fraud specialist Mr Paul Shackleton all quit and it was forced to tell those AIM Casino companies it represented that they needed a new Nomad or would be slung off AIM. I can now reveal that the London Stock Exchange then secretly screwed ordinary investors in order to avoid its own humiliation.
3489 days ago
Midpoint is listed on the Frankfurt market but is London based and is looking to list on the AIM Casino. As such it pitched up to present at UK Investor Show 2015. I met the CEO the day before the show and he seems a decent enough bloke
3490 days ago
Two looming scandals on the AIM casino -next week will be New World Oil & Gas (NEW) where it could be an explosive headache for ninth rate Nomad Roland "fatty" Cornish and then Aquatic Foods which the Chronic Investor reckons is a Red Flag free China play. Au contraire.
3490 days ago
Thank god i am not at Free Speech & Liberty pizza as every commie in London is marching past to celebrate "workers day". When is the day that celebrates the real stars: capitalists? After passing on news of Oakley's health I cover Daniel Stewart, the China frauds including Sorbic and Jiasen, Ascent Resources, Mosman Oil & Gas (joke), Coms, Mopowered, Horse Hill, Berkeley Minerals, Greville Janner, Begbies Traynor, UK house prices and the POS AIM Casino company that has sent me a lawyer's letter.
3491 days ago
Even the thickest mothers on this planet (that is to say the AIM regulation team) must be spotting a pattern by now as another AIM listed China fraud (Sorbic) bites the dust.
Sorbic PLC (SORB) had c£3.75 million of debt in the UK but claimed to have almost £7 million of cash in China. Its shares traded at a discount to net cash and PR Henry UpperClass-Twit of Abchurch, PR to nearly all China frauds, was able to argue that the stock was cheap.
Only one little problem compadres, Chinese boss Wang Yang Ting
3493 days ago
The countdown to the possible suspension of trading in shares in disgraced AIM casino broker and (ex) disgraced AIM casino Nomad, and China fraud specialist Daniel Stewart is well and truly on. Thanks to disgraced insider dealer and fraudster Rob Terry of Quindell infamy, the shares could be suspended tonight. Jolly good.
Former Nomad Westhouse quit on April 1
3493 days ago
This is a stonker of an AIM casino disaster – a story of greed, stupidity, investors being misled and, as it’s the AIM casino, of private investors taking an almighty rogering. Meet Arria NLG.
Arria NLG (NLG) is a tech company set up by a former bankster Stuart Rogers. Almost entirely without revenues, the company was none the less able to raise c$40 million from institutional investors in the two years leading up to its IPO on December 5 2013. The last of those fundraisings was at £1 a share so when it listed this company had a market cap of £102 million.
No revenues to speak of but amazing technology and a (tiny but let’s not talk about the numbers) contract with Shell and the deadwood press lapped it up. The Financial Times had the IPO as its front page story and the shares
3494 days ago
I am off shortly to the London Stock Exchange AGM and events today show why AIM is such a joke of a casino. I refer to statements by Mosman, the er..lies of New World Oil & Gas and the total farce over Horse Hill. I give you full details of the next Dave Lenigas IPO and where to apply, not that I shall be doing so I stress. I cover the latest disaster to hit my good friend JimMellon, this time it is at Webis. and what the Benchmark and Hardide profits warnings tell us about wider equity valuations.
3494 days ago
It is a 12 O’clock kick off in West Smithfield for the AGM of the London Stock Exchange (LSE) and myself, Lucian Miers and various co-conspirators will be there to lick up a fuss about the joke that is regulation of the AIM Casino. We thought this was a peasant’s revolt but in his morning email to clients, top broker Andrew Monk, a respected member of the establishment has come out in our support! Well I never. Mr Monk ( who will not now be getting a knighthood) writes:
3494 days ago
Old Sefton run by Jimmyliar Ellerton responded to criticism from myself and Brokerman Dan – in the days when he was a journalist not a crony capitalist – with a smear campaign sanctioned by Pinsent Masons ( as you can see HERE). Sefton may be changing its name to Stryker but the own goals and old habits continue.
I think Sefton’s shares have been ramped in an orchestrated manner and are ludicrously overvalued and have been happy to say so – notably here. With a false market the stock should clearly be suspended on the AIM casino.
3495 days ago
As we prepare for the London Stock Exchange peasants revolt tomorrow I consider more failings on the AIM Casino. In the podcast I also cover Rose Petroleum, JQW and Camkids ( both China Norfolks) and the latest farce at Horse Hill.
3496 days ago
In the long run a share price will reflect the NPV of future cashflows of a given company. In the short term it can go anywhere. Stocks can whizz higher purely based on aggressive stock promotion, .e ramping. So who would your ramping dream team be? As I sit having a coffee waiting for my car to get an MOT I have put together my own starting five.
All we need is a team of Andy Wings, a team of Andy Wings, sing the crowds at Oxford United and one is tempted to say that “All we need is a team of Lenigas, a team of Lenigas” but that would be to spoil the fun. None the less as Executive chairman, it is a slam dunk for David “I meant to say 2D” Lenigas.
Sitting in the wings, as lead Shadow director with responsibility for IR in Asia
3499 days ago
Condor Gold (CNR) has seen its shares slump from almost 200p to just 69p over the past two and a half years despite winning prizes for presenting to investors more often than almost any company on the AIM Casino. But even at 69p the fact is that it remains a truly rotten investment as it prepares for its next placing. And here is why.
3499 days ago
Cientifica (CTFA) was today formally booted off the AIM Casino after six months of suspension but shareholders will be asking where did all the money go and why is the board not pursuing this matter?
The company was meant to invest in graphene investments and was run until last September by Tim Harper and Tim Baldwin (of RAM and TXO infamy). The new boss Tim Godwin who accepted the “hospital pass” and took over late last year stated explicitly on 18 December:
3500 days ago
Trap Oil (TRAP) is yet another true disaster for investors – if not fat cat directors – from the AIM casino and 2014 results today come with a warning of potential insolvency and are truly grim. So here are just a few facts and figures to make your blood boil.
3500 days ago
AIM Casino listed Edenville Energy (EDL) has missed target after target as its management has simply failed to deliver. And now as it issues yet more confetti it is talking utter cock in its latest RNS out today. This stock is clearly not investment grade and now let’s turn to the “talking cock” RNS. Having investigated this I see that Edenville has “form”
By way of background
3501 days ago
On April 29th the London Stock Exchange (LSE) holds its AGM and this is a call to arms to all you peasants out there, that is to say ordinary decent private investors who have been shafted and screwed by the way that the LSE has mismanaged AIM turning it into a crime infested casino. It is time to hold the Board of the LSE to account.
I have bought 2 shares in the LSE so will be attending as a shareholder as will Lucian Miers who owns one share. The Deputy Sheriff of AIM
3503 days ago
He sent me a string of lawyers letters but today Peter Landau lost his last AIM directorship as Black Mountain was booted off the casino. Hooray. Coke & Hookers for myself and Oakley tonight. I look at three other companies that may well go the same way, Insetco, Daniel Stewart and Gate Ventures and how the issue of Nomad resignation works. I also look at Advanced Oncotherapy, Torotrak and discuss when Uk Investor Show videos will start to appear - we will start very soon with a Horse Hill treat. PS You still have until 4.30 PM TODAY to enter the UK Investor Greek Hovel prize draw HERE
3506 days ago
On April 2nd AIM Listed Insetco (INC) announced that its Nomad and broker Cairn was to quit on May 2nd and that it was seeking a replacement. I warned you back then that you should sell as this company reeks of Terry Ramsden and is a dog. Well today came news that Cairn has now resigned with immediate effect and the shares are now suspended on the casino.
3507 days ago
Following the fiasco of today’s admission of how Horse Hill stocks were ramped last week shares in most of the Horse Hill AIM casino listed runners and riders are still well ahead so who do you think will be next to place?
3507 days ago
Not hungover and after my first full night's sleep since Saturday I am back with my normal balanced and tolerant view of the AIM casino. Where do I start? Horse Hill, the POS ValiRx, Foxtons, Premaitha, Plethora, Telecom Plus (expect real fireworks on that one from Kevin Ashton on Saturday), Northern Petroleum and China Norfolk Jiasen.
3511 days ago
Shares in AIM casino dog Mopowered (MPOW) now trade at just 2.5p having already slumped by 50% since the bailout placing at 5p last September. You may remember that just ten weeks later the company issued a grisly profits waning (November 24) but since then there has been radio silence. That is ominous.
3511 days ago
Whaddya think? Lucian Miers reckons that we should both buy a few shares (and this time I will have full documentation) and head along to the London Stock Exchange (LSE) AGM on April 29th to pick a fight over Naibu (NBU) and the other China frauds. Should we go?
The LSE owns the AIM casino
3511 days ago
A good day on all fronts - although condolences due to Wildrides regarding his cat - all cat owners know how he feels today. I digress. In this podcast I look again at Horse Hill and my mind wanders back to 2003 and Avington. I look at Coms and ask if Dave Breith is an insider dealer as well as a shite ex-CEO? Then it is on to Tethys Petroleum en passant Software Radio and then the highlight of the day, POS AIM Casino dog with fleas Clear Leisure appointing Big Ray Zimmerman and his bunch of muppets at ZAI Corporate Finance as its new Nomad.
3512 days ago
Ultrasis shares (ULT) were suspended on the AIM Casino on March 31 because it appears that Mr Paul Bell,on whose support it was reliant, might not be able to provide the funds. What Ultrasis has not ‘fessed up to is the reason: Mr Bell seems to be in a spot of bother with the Old Bill.On 31 March Ultrasis made its own financial position explicitly clear.
3514 days ago
Shares in AIM Casino listed Management Resource Solutions (MRS) were suspended yesterday as it admitted that monies it needed to complete an RTO had not arrived, a statement which begs the question as to who is its supposed lender Halcyon Capital Management Pty Ltd. Oooooo Errrr Missus.
I have picked Management up on its corporate governance failings before (HERE) but this episode may well prove the ultimate humiliation for what has been a dog of an IPO. Management announced on 5th March that it was to but an Aussie Company (D&M) for cA$7 million.
That looked a bit toppy in itself given that D&M recorded a post-tax profit of just A$145,000 ( down from A$587,000) in its last financial year. An historic PE of 47, yum yum
3514 days ago
I spotted a company over the weekend which has negative net assets, negative current assets, is burning cash and says that it is an investment company. I shall not reveal its name yet but if one works out the NPV of such an enterprise it has to be less than nil. Is it the most worthless company on AIM? Have you spotted a company that deserves this prestigious title? Enter our latest competition.
3515 days ago
The competition for which shitty little AIM Casino POS oil stock is guilty of the greatest over promotion of its prospects in 2014 was a stiff one. But among the clear front runners was Mosman Oil & Gas which hyped its dull prospects in Oz and NZ to all and sundry. The shares flew to 44p. They are now 4.75p-5p just days after a “keep the lights on” placing to raise half a Bernie at 5p. This is my third sell tip for Easter.
3515 days ago
Tomorrow I get back to the business at hand of bashing crooks on the AIM Casino. Today I reflect on my own pension. Do I need one? In a sense not really. But at 47 1/2 perhaps it is time to start again and so I explain what I plan to do.
3518 days ago
It is my contention that when Rosslyn Data Technologies (RDT) - formerly Rosslyn Analytics - floated on the AIM Casino it was fully aware that its ex sales director (James Courtis-Pond) and CTO (Steve Hayward) were already in direct competition with it at Anydata Solutions and failed to disclose this in the prospectus. I have written to the FCA about this HERE demanding an enquiry.
3520 days ago
The latest AIM casino debacle to show London’s worst Nomad ZAI Corporate Finance as not fit for purpose concerns casino listed Ukrainian dairy products group Ukrproduct (UKR) and it is a true shocker.
I have warned for ages that this company was – given the situation in the Ukraine – just complete junk (see HERE) but just how much junk is now clear and again it shows that ZAI due diligence with client take-ons is not worth a bucket of soiled toilet paper.
On 23rd December a trading statement signed off by then Nomad Cantor Fitzgerald seemed upbeat enough given the fact that the Ukraine currency was going down the toilet as the country descended into open civil war. But at least we were reassured that: “The Group's cash levels and bank facilities are sufficient to meet current debt obligations in the short and medium term”. Hmmm – how does one define medium term?
The next RNS of note was on March 31 when it was announced that it had switched Nomad and broker from Cantor Fitzgerald to big Ray Zimmerman’s ZAI. Now Cantor is not top flight but still it is like announcing that you are chucking, say, the half decent girl next door in order to run off with Norah batty (without the makeup and on a bad day).
You go to big Ray only
3524 days ago
At one level a triumph. Quindell threatened me with libel action becuase I accused it over overstating its profits ahead of and after its rescue bailout in November 2013. I accused it of fraud. It has today said those profits will be restated. It thus raised money on a fraudulent prospectus and folks should go to jail. Those who bought at 660p+ on the basis of those bogus, fraudulent profits and other lies should be demanding that Rob Terry be prosecuted becuase they will never get that money back.
On the other hand the shares will not go to 0p so an apology. Quindell admits - as I asserted - that without the Slater & Gordon deal it is bust. But S&G is committing corporate hari kiri. I look at where its shares are going (down) and where Quenron will head from here.
My critics seem to think it would be a good thing if I retired. I have a clear message for them. In exposing fraud and lies at Quindell I am now vindicated. I have numerous other AIM Casino scalps over the past two years and I want more. And so I shall continue to go after your pals the fraudsters including the uber serial criminal Mr Robert Simon Terry.
3525 days ago
The returns from Chinese, US and Aussie companies on the casino have been dreadful but should there be a blanket ban on any more non UK companies listing? No. But investors should consider treating all non UK stocks as bargepole stocks and AIM needs to work out how to get "proper" UK companies listing.
3527 days ago
Rosslyn Data Technologies (RDT) floated on the AIM casino on 29th April 2014 having raised £10 million at 33p. Cenkos acted as Nomad and broker and will have earned almost £700,000 from this company. The shares are now trading at just 13.375p –this has been a disastrous IPO for those who backed it and I have today written to the FCA asking it to investigate Cenkos and Rosslyn to see if the prospectus for the IPO was misleading.
3529 days ago
Jeepers, I am meant to be preparing a romantic meal for two tonight and I have not even started. The Mrs will not be pleased but it is a busy day. On this podcast I cover China frauds -and invite you to vote on which will be the next AIM Casino China Norfolk to see its shares suspended (HERE), Monitise, Eclectic Bars, Coms and more.
3529 days ago
This POS is a disgrace even by the standards of the AIM casino. In this podcast I look at the history of Motive TV (MTV), its overpaid board, its confetti issuing prowess, its current financial position (dire) and tear apart yesterday's ramparoonie special of a press release. Yes, I know a bit about Greek ferries.
3531 days ago
You may not remember Vyke PLC. It disappeared in 2011 from the AIM Casino and went bust shortly thereafter. But it raised millions of pounds from investors thanks largely to the efforts of disgraced crony capitalists Daniel Stewart – and yes Paul Shackleton of Naibu infamy was involved as his name appears on RNS releases – and it was a fraud. The FCA was alerted but did it do anything? Was Daniel Stewart censured and if not why not? At this stage I pass onto a reader who recounts his experiences:
I first heard of Vyke when some muppet spammed an unrelated Interactive Investor discussion board with the usual “this is a ten bagger” rubbish, so I took a look at the company. Shares were then about 80p and the house broker, Daniel Stewart, had published a ‘research’ note with a price target of 540p. It took me about two hours to work out that at best Vyke was a bag of nails and might well be a fraud and I said so on that discussion board.
3532 days ago
My main podcast of the day starts with the fun and games at Quindell where it seems as if the quisling blogs are in retreat. I go over the maths again. I then look at Centamin as oer Gary Newman's piece earlier and how the Arab world has changed and how that must make us value stocks operating out there. Finally I look at how to deal with the microcaps on the AIM Casino.
3532 days ago
TXO (TXO) has – after two months of searching – failed to find a Nomad to act for it after the resignation of Northland. Consequently it will be boosted off the AIM casino next week.
I have spoken to boss Tim Baldwin who insists that most shareholders will actually welcome this as AIM is an expensive place for microcaps to raise money and maintain a listing. He may be right in that regard, I am no defender of the crony capitalists of the City who fund their coke & hookers lifestyles with bloated fees for small caps.
But I very much doubt that the small shareholders on the TXO register introduced as a result of bucket shop funding after bucket shop funding will be quite as relaxed
3536 days ago
Results from AIM casino listed China Chaintek (CTEK) today are risible. The logistics company is based in fraud central Fujian and is represented by London’s worst Nomad, ZAI Corporate Finance which managed to do full due diligence on the fraud Naibu (NBU) even though its CEO was in jail at the time. Enough Red flags for you? You want more?
3552 days ago
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).
3553 days ago
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?
3558 days ago
For some reason Quindell (QPP) owning morons think I actually work at Free Speech & Liberty Pizza House. I do not - I work from Greece or Bristol. And so it is our staff that receive abuse from the morons. Take this charming email that Maribelle had to deal with today as she worked through a raft of genuine bookings.
What exactly has Maribelle done to whoever posted this as a bogus booking? Maribelle – with two degrees in economics - understands free speech and so you won’t get her quitting because of this sort of abuse. She is a far better and stronger person than the morons can ever hope to be. And this sort of harassment is not going to stop me from exposing fraud on the AIM Casino. The email reads:
3560 days ago
AIM is owned by the London Stock Exchange and regards itself as the junior market for the world. I regard it as a casino and its regulation department headed up by Marcus Stuttard, the self-styled Sheriff of AIM, as the biggest joke in London. I now have a shocking revelation for you which exposes the conflict of interest which will destroy what little credibility the casino still has.
AIM (i.e. the LSE) makes its money simply by having as many companies listed as possible. It does not matter if the companies are good companies which make money for investors or are frauds which steal money from investors, AIM just wants companies to list. And to stay there. And with that in mind the idea that it can regulate itself is like asking the fox to take care of the chickens.
In the last month we have seen the Naibu scandal hit the front page of the FT. As we
3568 days ago
Individuals commit fraud not companies. We have lost that understanding over the past 30 years and that is the great failure of regulation for the banksters and the AIM casino. I discuss this concept and then go on to call for suspensions of individuals as well as trading in the shares for four companies: Quindell, Tern, Alpha Returns and Worthington.
3568 days ago
A reader who knows AIM from the other side writes in with some fairly draconian suggestions for reforming the AIM Casino. He clearly knows what he is talking about and I have real sympathy with the points he makes. Will the casino take any of them onboard? Our correspondent writes:
3569 days ago
Today's RNS from Fitbug (FITB) is a shocking example of lies, damned lied and statistics (well statistics anyway) - whoever came up with the headline should be publically executed. In this podcast I dig into the real numbers behind this sordid tale from the AIM casino
3572 days ago
I have already explained in my Bearcast why Keith Bush, the CEO of AIM casino POS Northern Petroleum (NOP) should be taken out and strung up with piano wire for the contempt with which he has treated the owners of this company where he has been rewarded for abject failure. But today’s RNS requires further comment as it is a classic in omnishambles obfuscation.
Less than a month ago Northern was goaded by my good self into using a trading statement. It stated what year-end net cash was and stated that output on 27 December had reached almost 500 bopd and that once well 4 in Canada was on-stream it would be at 450-500 bopd. That was a downgrade but still impressed a few punters.
Here we are 29 days later
3572 days ago
We have many, many times accused Bulletin Board darling US Oil & Gas (USOP) of being a total fraud run by a serial liar Brian McDonnell. Wee Brian has huffed and puffed in private to deluded shareholders about taking legal action against me but he has not done so because he is a proven liar and his company is a proven fraud and the little shit knows it. The latest news from the GXG market where USOP shares remain suspended really shows what a casino AIM has become.
GXG, to its credit has today ordered a full independent due diligence report on this POS fraud checking whether any of its claims made are actually true. You can see its release HERE.
When that report comes in GXG will decide whether US Oil & Gas is to retain a listing or not. It is a racing cert that it will not because this is a fraud
3573 days ago
The almost universally detested board of AIM Casino listed Rangers FC (RFC) had a cunning plan to deny shareholders democracy at the forthcoming EGM: hold it in London. While 2,000 might have attended the last bun fight in Glasgow, the tossers who advice the Ashley Minion led board reckoned a venue holding 500 down South would do. Oh no. As we predicted at the weekend: Problemo.
A statement out tonight on the Rangers website states:
3575 days ago
A relaxed podcast recorded from the freezing garage where the Mrs has exiled me pro tem. On the agenda is the question of why pizza hardman Darren Atwater is as posh as me when taking this test, what counts as vindication on Quindell (QPP) and how you deal with ongoing attacks harassment and smears.
To support our continuing campaign against fraud on the AIM casino click HERE
3575 days ago
I shall turn to the matter of the forthcoming Rangers FC (RFC) EGM later but the high-handed statement signed off by its adviser Mr Paul Shackleton of WH Ireland yesterday should be viewed in light of a shock revelation I serve up today about his own actions (or inactions) regarding AIM listed China fraud Naibu (NBU).
In the Rangers statement Shackleton throws mud at rebel shareholder Dave King, suggesting that his criminal record might make him unsuitable to be director of an AIM casino stock. There is no doubt that in his efforts to evade tax in South Africa, Mr King broke the law and was no angel. So Shackleton would not act for a fellow with a dodgy past (or present)? Really?
I spent a lot of time in 2014 accusing AIM casino listed Naibu of being a fraud.
3576 days ago
AIM casino listed Rightster (RSTR) joined the market a little over 14 months ago at 60p. The shares are now 26p but with shed loads of confetti having been issued along the way the company is still valued at £51 million. Not for long I suspect.
Last week the founder CEO Charlie Muirhead stepped down as CEO. No reason was given but it was spun to one journalist that he was leaving with a job well done. Methinks not. A full explanation of his stepping down is needed.
Now to the maths.
3578 days ago
I am in a good mood as a mega hero of mine has just been in touch to dish some dirt on an AIM casino stock...developing. Meanwhile there is comment in this podcast on Quindell, Camkids, Afren and Empyrean Energy.
3579 days ago
1Spatial (SPA) a well-run firm on the AIM casino has today announced the immediate departure of its chairman, crony capitalist Steve Berry. This follows a series of revelations such as THIS about his activities elsewhere at POS and Touchstone Gold (TGL). While The Sheriff of AIM celebrates another scalp, our resident in house poet, EJ has dashed off an offering: In Memoriam Steve Berry.
So. Farewell
Then
Steve Berry.
Crony Capitalist
3580 days ago
Shares in AIM casino listed Berkeley Minerals (BMR) remain suspended as forensic analysts investigate the scope of the accounting black hole within the company but, following an RNS today, we know that the quantum is not £4.3 million as previously announced by £11 million. Surely jail time beckons and I have a nomination to make.
I have spoken to new CEO Alex Borelli and, though we have crossed swords in the past, I really do feel rather sorry for him. He has inherited a rat’s nest from the former Executive Chairman Masoud Alikhani who quit on October 20th citing health reasons. The word on the street is that he has Alzheimer’s but I am afraid that I have no sympathy for him.
3583 days ago
It is now three weeks since shares in Naibu (NBU) were suspended from the AIM casino pending clarification of its financial position, notwithstanding the fact that it claimed to be profitable, cash generative and to have net cash of £32 million – a multiple of its market cap. In light of this I have again written to Big Ray Zimmerman of ZAI Corporate Finance, Nomad to this fraud because the implications of the fraud are severe for not only Naibu but also ZAI, Daniel Stewart (DAN) and the other members of the Fujian four – China Chaintek (CTEK), Camkids (CAMK) and Jiasen (JSI). Plus for good measure JQW (JQW).
Dear Ray.
3584 days ago
Oh dear, Oh dear, it seems as if the board as ASX listed MEO has been listening to my advice HERE and HERE as it has just now advised its shareholders to reject the all share bid from AIM casino listed Aussie based POS Mosman Oil & Gas (MSMN). The technical term for where that leaves Mosman is “fucked”.
3584 days ago
In today's podcast I look at how the human mind reacts to rising and falling share prices, the case study being Quindell (QPP) which is tanking today - now at 80p, target remains 0p. I look at Mosman Oil & Gas (MSMN) and its proposed Aussie takeover which - as I explain - must now be in terrible trouble - target here 1p. I look at the pointless Forte Energy and Red Emperor and then a read through from Produce Investments.
3585 days ago
Aussie based AIM casino listed Mosman Oil & Gas (MSMN) shares were at one stage last year ramped up to 45p on the back of some fairly “aggressive” claims about drilling success. They are now just 4.875p after interim results beg the question of whether this business is insolvent yet?
The Nomad who signed off on the preposterous claims made by Mosman last year is ZAI Corporate Finance which normally specialises in backing China frauds like Naibu (NBU) but I guess it also has time for Mosman.
3592 days ago
In the regular podcast for today I look at revenue recognition and visibility. This is prompted by the comedy/tragedy of a statement from Gowin New Energy - an AIM casino China joke POS - and the profits warning from Intercede. I also look at Weatherley International, Afren, TXO and San Leon
3594 days ago
In today's podcast I look at Sorbic International another AIM Casino China stock where you just could not make it up and I ask questions of its hapless Nomad Finn Cap. I also look at Sefton and at Beale and what that says about takeovers. En passant I mention the POS that is Touchstone Gold.
3596 days ago
Pressfit (PFIT) listed on the AIM Casino on August 1 2014. Its first profits warning came within three months. It was booted off the AIM Cesspit yesterday. It is Chinese. I name those responsible for this scandal - firms and individuals - and suggest that all concerned need steep fines and an immediate termination of their City careers and explain why.
3602 days ago
A bonus podcast looking at my two fave frauds on the AIM casino - naibu and Quindell. The former is now officially toast - a clear kill for me. The latter will be toast. I suggest a bit of chart watching and explain the striking similarities.
3604 days ago
In this short end of week podcast I look at the issue of sub critical mass companies on the AIM casino starting with Hunter Resources but en passant looking again at the POS enterprises that are Tern and Touchstone Gold. I look at housebuilders, Qihang Equiment and the three remaining Fuijian Norfolks: Camkids, China Chaintek and Jiasen
3606 days ago
Quindell (QPP) later. For now I look at Boohoo, ASOS, Sainsbury, Majestic Wines, whether online retailers should get a premium to offline retailers and comment en passant on Range Resources and Tern but in detail on IGAS and in total detail on the disgraceful behaviour of Mr Steve Berry and Touchstone Gold. This is truly disgusting and the man has no place on the AIM casino while Touchstone is officially a POS.
3608 days ago
Deputy Sheriff of AIM, Nigel Somerville has just published evidence of total horrors at Tern (TERN) - HERE - which will cause private punters awful one month losses. The crony capitalists meanwhile get to enjoy coke and hookers all round. This is, at best, grotesque negligence and at worst it is outright deception. Heads must roll for this AIM Casino omnishambles.
3608 days ago
The working year starts a proper and I am in a good mood which is bad news for the low life on the AIM Casino. On the agenda today: Enegi Oil, LGO Oil, Iofina, Mosman Oil & Gas, oil stocks, Chris Oil & his share tips, Globo, Naibu, Jiasen, Camkids and China Chaintek ( the China Norfolks), Quindell, and - in some detail - Tern.
3609 days ago
This is the closest I am going to get to tipping a mining stock in a hurry – Fox Marble (FOX) might own mines but it is essentially a building materials stock. This should be a boring and dull business. To date it as not been.
Fox owns quarries which are largely in Kosovo, an area once in Serbia where with the complicity of the West the ethnic Serbs were ethnically cleansed by the Albanians. The latter have no historic claim on the area (it was never part of greater Albania) but when it came to the vilification of the Serbs we in the West did not really care about our oldest allies in the region. Rant over. The new regime does appear relatively honest so when a bent local official tried to seize a Fox asset soon after the IPO he was sent to prison and the asset quickly restored. None the less being in Kosovo has not been seen as a massive plus point by AIM casino investors.
And
3611 days ago
It is a special Bearcast as I make a number of Sheriff of AIM New Year Resolutions. And then I go onto to explain why the following are the least wanted men on the AIM Casino and what I plan to do about it to make their working lives a living hell in 2015:
3612 days ago
One of the reasons that capitalism works while the alternative is doomed to fail is that failing companies can reinvent themselves.
For years AIM casino listed Vialogy misled investors raising money time and time again to support the obscene salaries of an underperforming and overpaid board. I like to think that I played a part in exposing the poltroons responsible and in forcing change. The old guard are out and shareholders are now starting to get back their losses as a new management team takes the ship, now renamed Premaitha (NIPT) forward.
3621 days ago
Range Resources (RRL) was telling its stockholders by unofficial channels two years ago that its US assets cou;ld be sold for $150 million funding mammoth share buybacks. Today they were sold for $1.4 million. This Bearcast covers the role of Greg Smith in the range tragedy, questions the value of Range's Trinidad assets, points out how Pete Landau misledinvestors and calls on the FCA to investigate Landau for market abuse and to ban him as a director of AIM Casino listed companies. It covers the legal threats I received from him and the spineless approach of other publishers that caused me to set up ShareProphets.
If you feel that Landau misled you over the value of the US assets please write to [email protected] citing your evidence and demanding that they investigate him.
If you were one of the Bulletin Board Morons who reported me to the FCA for market abuse in Red Flagging Range all the way down from 5.5p to today's 0.54p (susp) you can write to [email protected] and apologise. The Sheriff of AIM is vindicated again.
3622 days ago
Last week I revealed the curious tale of Beacon Hill Resources (BHR) chairman Justin Farr-Jones and his hairdressing pal. You can read all about it here. Shareholders in this company, shares suspended on the AIM Casino, seem unimpressed.
3624 days ago
In this bearcast I start with the issue of the abject failure of regulation and my support for Class Actions - let market forces deal with the fraudsters where the State has failed. Then onto oil and why M&A action will not save the juniors on the AIM casino. Finally to what happens as a PLC goes into death throes, Quindell, its share price. the motivation of whistleblowers and more.
3625 days ago
The prize will be a champagne meal for two at Real Man Pizza Company or something similar as today we launch the new Share Prophets competition which will run throughout 2015. Welcome to AIM Casino fantasy Football own Goal. The Rules are simple.
3627 days ago
My pal Waz Shakoor has posted a precis of why he has gone short of Audioboom (BOOM) over on TMF. As ever his research is detailed and interesting. The Great Waz writes of a company which at 11.5p is valued at £62 million on the AIM Casino:
3628 days ago
Ahead of an EGM tomorrow to approve the dilution of existing shareholders to oblivion certain statements made by Beacon Hill Resources (BHR) require scrutiny. Even by the standards of the AIM Casino, Beacon Hill stinks and I explain why. I stand with existing shareholders who - if they have never attended an EGM ever before - head to tomorrow's event and vote against the board and - effectively - for administration. This whole matter stinks, stinks, stinks.
3632 days ago
PGC Entertainment (PGCE) listed on the AIM Casino just a few days ago. It operates in China but is run by Westerners. Its CEO Nick Bryant presented at the recent ShareProphets seminar on December 8th. To make sure you get priority alerts to book into future seminars register HERE. To watch Nick in action and see his presentation see the video below.
3633 days ago
As we know Daniel Stewart will stop being a Nomad tomorrow night and so shares in its clients will be suspended from the AIM Casino unless they get a new Nomad PDQ. So today China Chaintek (CTEK) announced that ZAI Corporate Finance had taken it one. FFS – Alarm Bells vicar? Due diligence? A list of ZAI bargepole stocks is needed now.
3634 days ago
Hapless Daniel Stewart is tying itself in knots over AIM Casino listed China fraud China Chaintek (CTEK). A research note out yesterday is just LOL stuff as I explain in this mini bearcast.
3638 days ago
I was thinking, as I rode home through ghostly olive groves illuminated by a full moon, about the mindset of Daniel Stewart employees who want to beat me up. My crime is to point out the fact that they have earned vast sums by floating and raising money for frauds, so screwing ordinary AIM investors.
I do not claim to be an Angel but I do not regard pointing out the wickedness of this as being a terribly bad thing to do. But the Crony Capitalists who have grown rich on AIM, the Nomads, brokers, PRs and boards really do not like hearing this unpleasant truth. They actually think I am a bad guy for rocking the boat and as such wanting to beat me up is acceptable.
In 2014 the Crony capitalists have had a good year. Investors on the AIM Casino have had a shit year. I explain why the system is flawed, why the City does not understand the anger we peasants feel and how we peasants ( ie investors) need to start taking concreate steps to make our anger known.
We have 50 free copies of Tom's Book "The 49 Golden Rules of Making Money from Shares" which covers these issues and others to give away today. For your copy fill in the form HERE
3640 days ago
As we know Daniel Stewart (DAN) has lost its NOMAD licensed. Not because it floated a series of frauds which it did. But because its staff, its Qualifying Execs have all quit. So the individuals who earned whacking bonuses for floating frauds can now float frauds elsewhere. This is shocking – there is no personal sanction for them. But this means that Daniel Stewart’s PLC clients must now find a new Nomad or they will be booted off the AIM Casino. Carnage ahoy, two down, who is next?
3641 days ago
Just to try and explain what TNAV is but also to take issue with a brewing scandal on the AIM Casino which is the way that audit forms have failed to review carrying values in a most grotesque if not negligent manner. My case studies are three companies now at death's door all of which have boasted of mammoth asset backing: Sefton Resources, Beacon Hill Resources and Quindell and I reference recent conversations with my pal Sam Antar.
We have 50 free copies of Tom's Book "The 49 Golden Rules of Making Money from Shares" which covers these issues and others to give away today. For your cooy fill in the form HERE
3641 days ago
Okay the company is dormant. It does nothing at all. But at least it is honest about that fact unlike most companies on the Casino.
It has net assets of £1 (which is a lot more than many companies on the Casino if their accounts were not quite so bent). And the name…Snake Oil Ltd. Perfect. This company could pursue a buy and build strategy taking over so many companies on AIM and with its name it would be open about what it does.
Sadly I do not think it is floating but if Cenkos is looking for a new client to replace Quindell when it goes bust…
Nominations for who
3642 days ago
Shareholders in AIM casino listed Beacon Hill Resources (BHR) were almost wiped out yesterday and may still face total wipeout. Who is to blame? What can shareholders so? What should they do? I am sorry but I can offer little comfort here in a podcast on this matter. But I should say that the auditors (BDO) and board have a few questions to answer
3647 days ago
Of course this is the UK and the SFO are bloody useless just like the FCA and AIM Regulation. If this was the US there would have been a dawn raid on Quindell with arrests at homes across Hampshire give the wholesale fraud at this POS AIM casino company. However…
3647 days ago
The bloody Albanians have again not turned up - will the olives ever get harvested? And so this podcast is angry and covers Transense Technology, Sefton Resources, Maple Energy, Fitbug, Quindell, crony capitalists, investing companies and the AIM Casino and why shares are not suspended that should be
3649 days ago
For those who think the directors of the 5 AIM Casino Companies doing business with Equities First Holdings LLC took out a loan here is a bit of required reading. And if Cenkos thinks that the stock "loaned" by Rob Terry of Quindell (QPP) has not been dumped ages ago then its chumps should read this too.
3649 days ago
Mr 2+2 can = 5 is my opponent. I seek to expose fraud on the AIM Casino. Rob Terry has engaged in wholesale fraud from the day Quindell (QPP) joined AIM via a RTO on April 28th 2011. Within weeks he was buying a worthless shell company from his lawyers Blake Lapthorne for £150,000 in order to inflate Quindell’s profits by hiding legal costs. And TMC Southern was selling shares gifted to it by Quindell in order to fund bogus purchases from Quindell which ended up being responsible for more than 100% of Quindell group profits in 2011. The frauds and lies have got bigger since but now the game is up as lies are exposed and the shares are tanking. So what is Rob thinking now?
Mr Terry knows that the game is almost over. At some stage within months the shares will be suspended or at 0p and Mr Terry will be “helping with enquiries” – it is just a matter of when as I explain graphically HERE.
3656 days ago
I am not in a fit state to write much today so I shall communicate via BearCasts. There will be a regular podcast later but ahead of that I shall run a series of Quindell fallout specials. I start with the role of the dying industry that is Fleet Street and the deadwood press. It is part of the problem of crony capitalism and corruption on the AIM casino not the solution as I try to explian here.
3659 days ago
The AIM Casino scandal involving Equities First Holdings LLC is going to get an awful lot worse. Heads will roll with Optimal Payments (OPAY) and IGAS (IGAS) firmly in the firing line but directors at Cloudbuy (CBUY), IQE (IQE), Angle (AGL) and ,of course, Quenron (QPP) also exposed. For the latter, at least, this is probably not their greatest concern. The sad truth is that none of the six have said enough and ALL need to clarify the clarification statements. Until they do all six firms are uninvestable. This and specific crmes are examined in this podcast special.
3670 days ago
I really do not care about the POS company that is Touchstone Gold. It is typical of the detritus at the bottom of the AIM Cesspit. But its RNS today is a shocker - it is grotesquely misleading. Behind it lies a tale of management incompetence and greedy and venal crony capitalists on the AIM Casino who care about nothing other than lining their own pockets and funding the coke and hookers. Shareholders are just there to be screwed. All of the guilty parties are named and shamed and the lies exposed in this scorching podcast. Yes. I am angry.
3671 days ago
At the weekend we asked you which of the most worthless POS and in some cases fraudulent stocks on the AIM Casino would be the first to go to 0p or be suspended. It ended up as a three horse race with all three front runners having just one thing in common – the involvement of Daniel Stewart, always a red flag.
Daniel Stewart shares are already suspended so for it to win it has to go bust. Fingers crossed. Anyhow the results were:
3671 days ago
Which is the worst stock on the AIM casino? The one that is heading to 0p and/or suspension most quickly? What do you think? Vote now in our reader poll. Quite simply which of the following stocks will be worthless first. The ones marked (F) have engaged in fraud and the ones that are marked (D) suffer the massive red flag that is Daniel Stewart involvement, past or present.
3672 days ago
Yesterday afternoon I revealed how AM casino failure of a company Independent Oil & Gas (IOG) was trying to get away a rescue placing. Its shares were, as I went live, 15.5p and barely traded. I also revealed that even though it had slashed the offer price to 10p it was struggling because, let’s be honest, this is a dog. The reaction of the company has been despicable, forced to fess up but aiming to mislead investors.
My story was explicit and caused the share price to slump to 13p. The company had to put out a statement and so at 6.13 PM (no-one is watching O’Clock) it announced:
3675 days ago
That AIM casino listed Independent Oil & Gas (IOG) has a painfully think balance sheet and so needs a rescue bailout is no secret. It seems to be trying to rectify that but I am told that it is struggling.
3675 days ago
I have noted before the remarkable take of Ultrasonic a China shoe fraud from Fujian listed in Frankfurt. It is of note of you are stupid enough to own shares in AIM Casino listed Naibu (NBU) and Camkids (CAMK) which are also shoe plays from Fujian and also frauds.
The alarm bells for Ultrasonic first rang when it appointed Daniel Stewart to consider a dual listing on AIM. No actually that last sentence was, like the numbers in the Naibu annual report, completely made up. It was, like the Naibu reported balance sheet, just a joke.
3675 days ago
There are numerous reasons why the fraud that is Quenron should be booted off the AIM Casino altogether but recent developments would force a responsible regulator and a Nomad who gave a dam (so maybe that does not apply to Cenkos) to suspend the shares first thing on Monday.
3683 days ago
This podcast does not mince its words. The latest AIM Casino China POS outrage pulled by scumbag Nomad ( shares suspended still) Daniel Stewart kicks things off. And we end with another POS floated by Daniel Cesspit.
3683 days ago
The markets are down but all sorts of flotsum and jetsom on the AIM casino is up sharply? What is going on? That is the start of the podcast today - a look at some of the big risers and why they are up.
3683 days ago
It’s Friday and so it is time for a caption contest There is no prize simply post your captions for this wonderful and still relevant today cartoon from 1929 in the comments section below by midnight tonight. For what it is worth my Quindell (QPP) themed entry is:
3684 days ago
And this is why the AIM casino is such a farce. The interests of fat cat directors are simply not aligned with those of the owners of far too many companies, that is to say mug punter shareholders. Maybe they cannot be arsed to read Annual Reports but they should and they should be revolted and revolt. Meet Peter Hill, the CEO of casino listed Global Petroleum (GBP).
Peter Hill (MA Oxon) joined in September 2011 when the share price was just over 12p. Before I turn to what happens next I am always instinctively hostile to those who put the words MA Oxon after their names as Mr Hill does everywhere. I went to Oxford too, but it is just another university. Why tag it on to everything? And while we are about it please do not think that Mr Hill has worked to gain a masters. Like me he graduated with a BA. However at Oxford you can after a few years go back and pay a tenner and go through another daft ceremony to get an MA. At other universities you study to get an MA. At Oxford you buy one for a tenner. It is typical of the conceit of the place.
3684 days ago
We hope that this cartoon which is more than 150 years old explains how the LSE came up with the idea of the AIM Casino. The many bring their wealth in and buy shares and the money goes to the managers of the offerings (City Crony capitalists) and the Directors. Shimple, sheeple. To win today’s contest simply post your captions in the comments section below.
3684 days ago
I know that every time that I praise him, Paul Scott gets a shedload of abuse from Bulletin Board Morons but heck it is hard being just right so often, as we both know. Paul is without doubt one of the most perceptive writers on shares going and as such ignore him at your peril. And he has just produced his latest “bargepole list.” Ho ho ho, this will not win him any friends in the Bulletin Board Moron Community.
These are the shares Paul would not touch with a bargepole. And he explains why. The table is pretty much self-explanatory. And all pretty much makes sense to me. And guess which POS on the AIM casino is top of the list. Yes…it’s Quenron (QPP). I have
3696 days ago
As ever there was no shortage of readers keen to stick the boot into near bankrupt crony capitalist AIM Casino advisor Daniel Stewart (DAN), the firm run by Peter Shea that made millions floating Quenron (QPP). Earlier this week we revealed the shock picture of its IPO department headed by smooth talking Paul Shackleton and asked you for your captions. And the winner is:
3696 days ago
Everyone else seems to be doing a podcast so I thought I’d do one. But unlike that soppy git on ADVFN who keeps telling folk to buy everything I am a bear by nature and this will be the BearCast. A daily look at profits warnings, what is wrong with the economy and markets ( notably the AIM casino) and shorting opportunities. I do not mince my words. In this third edition I look at:
3696 days ago
Once again this website has exposed fraud, lies and deceit on the AIM casino – with regard to New World Oil & Gas (NEW). The statement from today vindicates everything that we have written and it has vindicated our approach. To the Bulletin Board Morons who attacked our articles as they averaged down I have no sympathy. You were warned but you insulted us. And you know who is next….
We do not produce 72 page Gotham City Research style dossiers when we go after crime on the AIM Casino. Our style is to unpick what is going on bit by bit. It might take 200 articles but we will get there. We do not waste our efforts where there is no wrongdoing whether it be grotesque stock overpromotion or outright fraud. We only go after the bad guys. Sefton, Range, Vialogy, New World, Cupid, Gulf Keystone, blinkx – we have been 100% vindicated. And you all know who is next…..
3696 days ago
You could not make this up, Daniel Stewart (DAN) the City Crony capitalists who make their cash from advising firms on the AIM Casino has today admitted that it is truly financially buggered but not so utterly buggered that it can’t afford lavish champagne receptions at Christmas. Having made millions floating Quenron (QPP) and the China frauds Naibu (NBU) and China Chaintek (CTEK) as well as raising cash for blue-chip Globo (GBO) this is a comedy that keeps on giving.
In its statement today the Cesspit advisor ‘fessed up and admitted:
3699 days ago
Shares in Crony capitalist Nomad and broker Daniel Stewart (DAN) remain suspended on the AIM casino as the financially challenged enterprise has still failed to get its accounts signed off and published. While we wait we have managed to obtain an exclusive image of its IPO Department. This is the part of the firm that brought you winners like Quenron (QPP), Naibu (NBU) and China Chaintek (CTEK), made £1 million raising cash for Globo (GBO) but could not quite manage to float China fraud Fraspens in August. So what will be its next offering? I ask you by midnight tonight to post a suitable caption below.
3700 days ago
I do not wish to make this about Tertiary Minerals (TYM) on its own as that will prompt Malcolm Stacey and Comrade Wildrides to issue a fatwa against me. But it rather illustrates a point about just how the AIM Casino works.
3700 days ago
Daniel Stewart (DAN) earns its money advising companies (not all of them frauds) how to list and behave on AIM. It brought us Naibu (NBU) and Quenron (QPP). Two days ago its own shares were suspended on the AIM casino because the cash strapped firm could not publish its accounts on time – see HERE. In honour of this…
We bring you an old cartoon in honour of Daniel Stewart, and its employees who raised money for Naibu, China Chaintek and Quindell, with the original caption below.
3702 days ago
Kalimantan Gold (KLG) has been a perennial jam tomorrow POS stock on the AIM Casino. Directors fees all round. Advisors fees all round. Placing after placing after frigging placing as it hypes up one target, raises cash, moves the goalposts and them raises cash again. All the time it is private investors who get screwed. Let me tell you about the placing it failed to do earlier this week.
The shares raced ahead to 8p – I think some folks paid even more – on news of a “maiden inferred resource” on the BKM copper project. This company used to be about to make it big in gold then it was coal then it was, heck I just lost track years ago. But an inferred resource means jack shit.
Anyhow the stock raced ahead and early this week when the shares were 7.9p the calls went out to every spiv in town – “placing at 5p.” Sadly
3704 days ago
Daniel Stewart (DAN) earns its living as a Nomad and broker to AIM listed stocks. That is to say it charges fat fees for advising them on how to play by the AIM rules, for listing them and for raising money for them. It has no standards so was responsible for bringing Quindell (QPP) to the Casino and also acts as Nomad to China fraud Naibu (NBU) and tried to float China fraud Fraspens in August but seems to have failed. Today Daniel Stewart’s shares have been suspended.
On 30 May its auditors of 15 years (Keelings) quit and Daniel Cesspit appointed PriceWaterhouse Coopers to check its books. We know that results for the year to March 31 2014 will have been covered in red ink.
3704 days ago
I have made it clear that I believe that even without an escalation of Ebola, the balance sheet weakness of African Minerals (AMI), the debt laden POS AIM Casino listed miner founded by convicted heroin dealer Frank Timis, will be its undoing. Today the company tried to put the best possible spin on pretty dismal interim results.
3706 days ago
Another day and another Chinese POS on the AIM casino has cut its cash dividend for reasons that one can only explain in one way. Today’s little shocker is Camkids (CAMK) a shoe producer from Fujian like Naibu (NBU) and those German listed Chinese frauds.
The statement has a new twist – a bit of blather about the shares have been hit by adverse comment in the Western press about Chinese stocks on AIM. Yes there have been dozens and dozens of fraudulent Chinese companies listed on AIM, Frankfurt, in NY and Canada and we dumb gwaelos of the Western investing public have had enough. What don’t you dumb mothers understand about that? I am sorry if you feel tarred with the same brush unfairly but heck that is the territory.
Anyhow Camkids says that it has a different business model to the others (I take it that it means to the frauds) which is jolly good news. So we can all believe its numbers right? Er…
3707 days ago
All business awards ceremonies are a load of cock where those obsessed with personal PR, lobby and self-promote and then slap themselves on the back. I shall be turning my fire on the AIM awards very shortly. But as it happens I think the Black business awards make a serious point, but this year they may well lose all credibility as Piers Linney of AIM casino disaster story Outsourcery (OUT) is up for a gong.
It is surely not a bad thing to make a section of society that economically underachieves (Afro Caribbean and African youth) realise that there are alternative role models than moron soccer players and other celebs. Being an entrepreneur is a good thing – it creates jobs and wealth. As such I have some sympathy with the objective of these awards. But Piers Linney, entrepreneur of the year?
I know he is on telly (Dragon’s Den) and I know he CLAIMS to be worth £100 million. But the hard facts are that – as exposed HERE – his business career has been one of a string of utter trainwrecks, creating no jobs – as almost every firm he established has closed down – and losing folks stacks of cash.
Outsourcery was floated on AIM in May 2013 since when it has sent almost £20 million to money heaven. It is
3711 days ago
“The first six months of this year have not been without challenge, but it is important to remember how much this young and fast growing firm has achieved in the same time” – so says Ken Olisa OBE, the chairman of Outsourcery (OUT) the IT firm run by Dragon’s Den star and serial business failure Piers Linney. Yes Ken – those who backed the AIM Casino IPO in May 2013 have now lost 84% of their dosh with the shares at 16p. You have achieved great things. How about you arrogant fuckers just say sorry for once. You screwed up. Show some humility.
The numbers are predictably dismal. And as ever Piers bangs on about his £4.5 million refinancing package which of course was nothing of the sort. £1.5 million of costs savings were reannounced, £1.5 million of loans were extended and £1.4 million net of costs was raised from punters. Had it not got the cash it would have been tits up time.
Piers, Ken at al insist that Outsourcery is now poised to achieve monthly cash breakeven during 2015. The same Gents assured us
3711 days ago
Amara Mining (AMA) has announced further encouraging drilling results from its Yaoure project in Côte d'Ivoire. Most AIM casino listed gold miners are a total waste of space, Amara is a rare quality play.
3711 days ago
I have noted before how Bango (BGO) merits an AIM Casino jam tomorrow promises. Floated in 1999 it has sent £27.5 million to money heaven and has never made a profit. Interims today are thus par for the course but the cash position looks tight. At 102p the market cap is £46 million and the shares are a screaming sell.
Like all crap tech stocks Bango capitalises costs. It spews out all sorts of metrics, contract news, blah de blah de blah with its half calendar year numbers but here’s the ones that matter.
3713 days ago
This has it all. I told you the shocking tale of the Mopowered (MPOW) AIM casino disaster story HERE yesterday. Today came news of a placing at 5p to raise £3.5 million (Gross). This just adds insult to the injury.
3713 days ago
AIM casino posterboy Mopowered (MPOW) has today announced a rescue placing at 5p. It was listed at 100p on December 18 last year. It was trading whilst insolvent until today and has been for weeks. The shares are now 8.125p so investors have lost 92% of their cash in just over nine months. But it is not all bad news: the lawyers, brokers, nomad, accountants and PRs assisting this POS will – after commission today – have now made more than £1 million from the firm. It is coke and hookers all round for the Crony Capitalists of the AIM Casino, and hard cheese for the shareholders.
I am sure investors will be lining up to thank CEO Dominic Keen for his sterling efforts on their behalf. Mr Keen
3713 days ago
This article appeared in the Chinese publication Caixin Online at Christmas 2012. Staff reporter Qu Yunyu has done a superb job. It should be required reading for the crony capitalists round at Daniel Stewart, Allenby Capital and Abchurch Communications as well as AIM Regulation and for anyone mad enough to hold shares in Naibu (NBU), Camkids (CAMK) or China Chaintek (CTEK). It is explicit about what has gone on. If you own shares in any of the Fujian companies on the AIM Casino you should sell them all at once. The article – with a few choice sections in bold from me - reads:
3713 days ago
There is so much wrong with AIM. China frauds seem to list at will. Companies can lie without censure. Folks like Sean Nutley at Silverdell and Rob Terry at The Innovation Group (where is he now BTW?) just “get away with it. Investors have completely lost trust in the Casino. It is a joke. The LSE could change it simply by getting the hapless bunch of complete cretins at the AIM Regulation Team to enforce rules, to kick off piss poor Nomads who float crap (Daniel Stewart) and to publicly name and shame. But instead it tinkers with the rule book. Top broker Andrew Monk of VSA weighed in this morning with this comment:
3713 days ago
From the team that brought you Naibu (NBU) we also have China Chaintek (CTEK) which released its interims today and it goes without saying that they do not stack up either. My target price for the shares is 1p (the value of the cash dividend on offer) but since it will probably be the last when the stock goes ex my target price will be slashed to 0p.
As a reminder, team Naibu/China Chaintek is dodgy serial floater of China frauds Zedex Capital, the Nomad which floats utter shite from China and the UK and which brought Quenron to the AIM Casino (Daniel Stewart) and PR spinners for most of the China Norfolks, the upper class twits at Abchurch.
Chaintek, is like Naibu and the two German China frauds to have emerged in the past three months, from Fujian province China. They all make shoes. Chaintek is in logistics and its main customers are claimed to be shoe producers.
I do not need to go into much detail
3714 days ago
MoPowered Group (MPOW) raised a gross £3.64 million at 100p when listing on the AIM Casino on December 18 2013. The shares now stand at 20.5p valuing this POS at just over £3.2 million. And while it says that it is going ahead with a £3.5 million fund raise you’d have to be mad to subscribe as this has red flags all over it. Death is all this deserves.
Of course £3.64 million did not go to the company. The admission document reveals that the cost of the IPO and fundraising was a staggering £700,000. That will have paid for an awful lot of hookers and coke at offices of brokers, Nomads, PRs, accounts and lawyers across the City last Christmas. It is a staggering sum. So where are the shareholder’s coke and hookers?
Where are they? Oh don’t be stupid. We shareholders get no coke and hookers. This is AIM. This is crony capitalism. Our money is simply transferred to the Crony Capitalists of the City. The coke and hookers are all for the Square Mile, not for the peasants. We are just there to pay for them.
3714 days ago
Last week we revealed the story of Ultrasonic, a Chinese shoe company listed in Frankfurt where the CEO and COO appear to have stolen all the money and done a runner. It comes from Fujian like AIM Casino listed shoe companies Naibu (NBU) and Camkids (CAMK). Now let me introduce you to Ming Le and Camkids shareholders please take note.
Ming-Le listed at 13 Euro in July 2012. Its shares now trade at just under 3 Euro. Why the collapse? I refer you to a release put out on 20 March 2014 by Ming Le. It explains:
3714 days ago
Shares in China fraud Naibu (NBU) bounced to 27p at the tail of the week. That is a dead cat bounce. This is a fraud and the shares are worth 0p. But the episode shows just why regulation on the AIM Casino is such a total joke.
On Thursday I showed you evidence from the Chinese press which was damning as to the integrity of Naibu CEO Houyan Lin – see HERE. On ANY other stockmarket in the Western world or on the HK Exchange Naibu would have been forced to put out a statement at once either saying “this is untrue” or “this is true.” If it was the latter Mr Lin would have broken AIM rules and either he or Naibu would have had to go.
3714 days ago
Yesterday evening I was doing a bit of frigana chopping at the Greek Hovel and I heard a rustling in the bush I was approaching. I know enough by now to realise what was making the noise and beat a hasty retreat. But the stench of corruption on AIM tells me where the real snakes operate. It is a cesspit for crooks and crony capitalists who systematically transfer wealth from the many (mug investors) to the few (themselves). I have had enough of this for one day and am heading back to the fields to face real snakes. They are less loathsome. There is a solution but the London Stock Exchange does nothing. It is guilty of abetting financial crime by its inaction.
3714 days ago
In the light of the fraud revelations at Naibu (NBU) and many more tales of woe regarding AIM Casino listed Chinese stocks we asked our readers for their view on Chinese AIM stocks – only 8% appear prepared to buy. My surprise is that even 8% of you are prepared to chuck your cash away. The results were explicit.
3714 days ago
I noted in my earlier article HERE how Zedex Capital is involved in listing a stack of shit companies or indeed outright frauds on AIM. That is why anyone holding shares in Naibu, Camkids, China Chaintek, Asian Citrus and Asia Ceramics which are all, pro tem, listed on the Casino should sell now. If you doubt me here is another warning: Asia Distribution, what happened next.
The pattern is that the Chinese company floats, raises cash from gullible Gwaelos in London, Chinese investors sell in the aftermarket and then, to cover up the fraud, the POS on AIM agrees to a takeover at a price which sees all UK Investors lose money. But you ask what happens next once AIM investors are not looking any more? Asia Distribution agreed to a 52p a share bid to end its AIM charade. Here is the 2011 Regulatory filing from the acquiring company. Weep.
3714 days ago
I think that it is now 100% clear that Naibu (NBU) is a fraud. It is only a matter of time before it goes to 0p or is booted off the AIM Casino. But where did it come from and is it unique? Meet Zedex Capital. What follows will shock you. It says so much about how corrupt AIM and the City advisors working on it have become. It is a scandal.
Zedex is not regulated by the FCA but acts in London and says of itself:
Zedex Capital is dedicated to bringing quality Chinese companies to the London Stock Exchange, in particular the Alternative Investment Market (AIM). Our core business is grooming high-growth and sufficient-size Chinese companies to ensure that their business strategy, financial soundness, and corporate governance are adequate for an Initial Public Offering (IPO), so that the transaction can be executed smoothly and swiftly once all professional advisers are on board.
In return for this grooming of pert young companies
3714 days ago
Yesterday I attempted to contact Abchurch Communications which acts as PR spinners for most of the China frauds on AIM and even to those Chinese Companies so bogus that they could not quite make it onto the AIM casino - see HERE. Lead toff spinner Henry Harrison-Topham was already away from his desk but another upper class twit took my call but refused to answer any questions. He had so many silver spoons in his mouth that I could barely understand a word he said. But it seems that the Abchurch Team were heading off for an away day to prepare for the next China fraud to float. And we have obtained secret footage of the Abchurch away day...
3714 days ago
The sorry saga of AIM listed China fraud Naibu (NBU) gets murkier and murkier and at the heart of it is City Nomad and broker Daniel Stewart, the firm that brought Quenron to the AIM casino and acts for Naibu. I asked it to show integrity at the weekend by quitting Naibu given my explosive revelation HERE. But Daniel Cesspit would rather bank the fees. So let’s talk Fraspens. Fraspens who you say? Well let me explain, on 21 July this fine enterprise issued a press release announcing inter alia:
3714 days ago
It was less than four weeks ago that AIM Casino listed POS Outsourcery (OUT) announced a rescue placing at 20p. Today the shares are 15.5p to sell. So anyone foolish enough to ignore the serial business failures of CEO and Dragon’s Den star Piers Linney (see HERE) is already almost 25% down. Anyone who backed the IPO in May 2013 has – after 16 months now lost 86% of their money. Way to go Piers, worse is to come. This will be your biggest failure yet – although it faces serial competition.
The announcement of 14th August 2014 was, I remind you, utterly misleading. Piers announced a:
3714 days ago
The Naibu (NBU) Norfolk is collapsing as we speak. Last seen the shares were at 31p and target price is 0p. Will the Naibu owning Bulletin Board moron who called me Winnifraud 2 days ago on the ADVFN Naibu thread for questioning this Ponzi please apologise now? Is he right now filling his boots or filling his trousers with the brown stuff? I have no sympathy for this cretin whatsoever. He was warned… So which are the next two China AIM casino listed stocks to slump> Here are two suggestions.
3714 days ago
This is my last video postcard from Greece for a while and in it I reflect on what I feel that I have achieved at the Greek Hovel since I arrived and also what I have not achieved. Too much.
3721 days ago
It is now quite clear, after my shock revelations today HERE, that Naibu (NBU) is a total Norfolk and is going to 0p. And this is only the latest of a number of Chinese based Norfolks to list on the AIM casino. Good Chinese stocks list in Hong Kong or Shanghai, bad ones on NASDAQ and total stinkers and outright Norfolks on AIM. Well that is my view - hence the advice to dump shares in Camkids (CAMK) and China Chaintek (CTEK) as well as Naibu. What do you think?
3721 days ago
Asian Citrus (ACHL) appears to be one of the better Chinese stocks on the AIM Casino but although it now trades at a steep discount to stated net cash and a vast discount to net assets it just cannot qualify as a value investment and you’d be mad to touch its shares with a bargepole. In fact its a sell. Here’s why.
First a little reminder of the history of this producer of Oranges and to a lesser extent bananas. It listed in AIM in 2005 at 112p a share. Now let’s wind forward to December 2013 when someone purporting to be a value investor a Mr Marcel Springorum wrote:
3754 days ago
Shares in African Eagle (AFE) were suspended from the AIM Cesspit today because as an “investing company” it has failed in twelve months to…er make an investment. In six months’ time if it has made no investment it will be booted off the casino for good. At the suspension price of 0.28p it is valued at £2.5 million but worth NOTHING. Who said markets were efficient?
Of course if you read recent statements from the company you’d have thought that there was bright upside. In light of recent events would chairman Kola Karim like to justify these statements made via RNS on 18th June 2014?
3754 days ago
The way that the AIM Casino is set up is based on one great enormous conflict of interest and that is why companies can and do tell lies to investors – that is the Nomad (Nominated Advisor) system.
A company must, under AIM rules, have a Nomad. If its Nomad quits the shares are suspended. If no replacement Nomad is found within a month the stock is booted off the Cesspit for good. The Nomad must verify every statement that is put out by a company and ensure that it complies with the rules. As such it is the Nomad who is at the front line of regulation and it works FOR the LSE.
3804 days ago
The rules of AIM are pretty simple and are based on the underlying principle that you cannot tell a blatant lie to investors. To do so is arguably market abuse and it is certainly a breach of AIM rules. If the AIM Cesspit is to have any credibility those who break the rules must be punished and punished publicly. I have therefore written this morning to both the FCA and to AIM Regulation asking both to launch an urgent investigation into both Quindell PLC (QPP) and its Nomad Cenkos after today’s PT healthcare RNS farce/lie.
The letter follows.
Dear Sirs.
As a great supporter of the work you do to retain the high standing of the AIM casino I feel duty bound to bring to your attention the activities of Quindell PLC and its Nomad Cenkos. To issue statements via RNS or in an annual report which are not true
3813 days ago
For the AIM casino to work, allowing investors to trust PLCs to tell the truth, every statement they issue in an RNS must be verified by the company’s Nominated Advisor (Nomad). Nomads like Roland “Fatty” Cornish of Beaumont Cornish are paid fat fees for doing this work. If they fail to verify an RNS so that a company lies to investors they should be censured by AIM regulation and, in an ideal wold, prevented from acting as Nomad in future. In that vein I have now issued a third request to the AIM Team to investigate Beaumont Cornish and Fatty in particular regarding lies told in 2012 by Digital Learning Marketplace.
To read my first request to investigate click HERE
To read my second request to investigate click HERE
The subject of this complaint
