First Class Metals
13 days ago
That silly woman from Shares Magazine probably thinks it is racist to make that Zak Mir/Lift Global Ventures (LFT) joke again but it is good enough as the shares plunge to a new low to make it yet again. But seriously folks, I ten turn to Marechale Capital (MAC), the upper class twit of the year 2012-24 and Weardale Lithium, Ariana (AAU),.First Class Metals (FCM), Cirata (CRTA) and Aston Martin (AML)(, both of which are still shorts. I also look at gold stocks as gold hits a new high of $3,123 oz.
13 days ago
The amazing thing is that David Webster, the founder of ponzi fraud the 79th Group had been arrested as part of Operation Mold BEFORE he was appointed as chairman of First Class Metals (FCM), First’s board knew this as did scumbag advisor Novum but they went ahead anyway knowing that without the 79th taking its stake to 50% via a placing at 1.7p, First was bust. Today, after the weekend revelations, Webster has resigned with immediate effect.
15 days ago
I am not sure that pleading incompetence is enough. First Class Metals (FCM) shares must now be suspended and heads must roll there at the scumbag advisor Novum and at the FCA after today's two exposes on this website about the 79th Group, Steven Knight and Gary Webster
15 days ago
In allowing the mini bond fraudsters at the 79th Group to take a 50% stake in First Class Metals (FCM) the FCA approved a prospectus submitted by the scoundrels at Novum Securities. Both the FCA and Novum will have claimed to have done due diligence even though Stevie Wonder could see that the 79th was a ponzi. Well how did they miss that the 79th claimed assets had been looked after by a proven serial fraudster Steven Knight via Gibraltar regulated but UK operating Castle Trust & Management Services.
15 days ago
As with all Ponzi schemes once the flow of new monies stops, the cracks in the scam start to appear. In 79th Group case this was initially triggered by the City of London Police announcement of fraud investigation against the 79th group and arrest of the four senior individuals at the group believed to be Gary Webster, his sons Jake and Curtis and the CEO Natalie Bellis. Further signs of the collapse of the 79th group are now starting to appear.
35 days ago
If my company had just secured funding for high risk very early stage exploration activity and I discovered that the cash had come from financially naïve marks who thought that they were investing in a safe bond with capital guaranteed and paying 15% interest, I’d not be able to sleep at night. But James Knowles, MD of First Class Metals (FCM) is morally bankrupt. And he is now shown also to be a liar.
38 days ago
Is that Christine Keeler or Mandy Rice Davies? I can never remember. It makes no odds, 79th is going down big time. The City of London fuzz, who I’ve met and know well, do not launch a formal operation (Mold), raid homes and arrest four chaps without really good cause.
39 days ago
Quoting someone making a comment on a Bulletin Board as a reason to buy shares in your company is quite remarkable. Perhaps this CEO does not realise that Bulletin Board Morons are not exactly qualified asset managers? But there is worse.
39 days ago
Yes it is back to the mini bond ponzi fraud scandal the 79th Group and to First Class Metals (FCM). I explain why the 79th must collapse either soon or not quite so soon and why First must accept that, issue an RNS and brace itself for its own shares, already falling fast, to crash. .
40 days ago
The news broken HERE yesterday that the 79th Group appears to have been a scam might not have been such a surprise if the dubious quality advisers who persuaded their clients to lend them money if the advisers or their investees had done some research. The first major red flag is that 79th Grp isn’t registered with the UK regulator, the FCA. So it was conducting unauthorised investment business. How the feck did the FCA then approve a prospectus allowing to to seize control of First Class Metals (FCM). It gets worse.
40 days ago
I will shortly be publishing a piece on the accounts of mini bond fraudsters 79th Group, now the subject of a Police investigation with arrests made. It now owns 50% of First Class Metals (FCM) and its boss is First's new chairman, appointed after the arrests were made public. I name the names of those who have fecked it up, the crooks and explain why First is now toast.
40 days ago
The world of small cap mining exploration is used to scandal. Knaves abound as advisors, financiers and directors. But even grizzled veterans of this scene where shocked and aghast at the First Class Metals (FCM)/ 79th Group scandal exposed HERE last night. So who are the chaps who promise naive investors a safe bond yielding 15% and ten put the cash into shit like First Class? The Webster family own the business but meet the team…
41 days ago
It takes a lot to shock me but events today at First Class Metals (FCM) on the main market are just so truly appalling that I cannot see h9w advisor Novum has allowed a shambles like this to occur. Where on earth is the FCA?
