6 days ago
138 days ago
Microsalt (SALT) tried to raise £10-15 million ahead of an IPO last October but for some unexplained reason, Nomad Zeus postponed the IPO. On 1 February it joined the AIM sewer after raising £3.15 million gross (£2.5 million net) at 43p giving an £18.5 million valuation. Today, after announcing what it termed a “vital” deal earlier this week, the shares are 112.5p so valuing it at just over £48 million. Really?
146 days ago
I flagged this up in bearcast last week but the silence from Colin Bird’s Xtract Resources (XTR), London’s worst Nomad “Roland “fatty” Cornish and scumbag broker, the king of the spivs, Jon Bellis at bucket shop Novum is deafening. Shares in this perennial penny dreadful are now just 0.95p and sliding fast.
178 days ago
The bearded poltroon in charge of Skinbiotherapeutics (SBTX), where I remain a loyal shareholder, says that “rules are rules” and that AIM Regulation has insisted that he cannot do a video interview with me inside a paywall. That is a lie and I am now in dialogue with the Oxymorons who so far, as you can see, are evasive. For what it is worth, hapless moron Giles Balleny at Nomad Cavendish has already been shown to be lying by events elsewhere.
179 days ago
Late on Thursday night the final placing letters were received and Allenby wrapped up on a 3.75p £1.2 million placing for Chill Brands (CHLL) having missed its targets by a country mile. Within hours the press was reporting Government plans to ban disposable vapes, Chill’s product. The placing only actually settles on Wednesday 31st so should places be able to get it reversed and get their hard-earned back?
205 days ago
I flagged up earlier that Vast Resources (VAST) had told a monster whopper on October 6 on the occasion of its last placing before today. There is one possible get out of jail card on the lying: that it did not lie but merely breached AIM Rule 11. I have written to the Oxymorons as either way this should be a hanging offence, with extra strength rope needed for this particular Nomad, especially after luncheon.
205 days ago
This was the company that said it needed to do a 100 for 1 share consolidation so that it could pay a dividend. Natch it has not paid a dividend in the 33 months since but has placed numerous times and its shares have now collapsed by 98% since the consolidation having been 99% down before it. The management of Vast Resources (VAST) are simply liars. Today the company is exposed again in the most blatant way. Why on earth the Oxymorons at AIM Regulation and hapless Nomad Roland “Fatty” Cornish do not come on this farce defies belied. Wind back to 6 October and a placing to raise £1,819,350 at 0.195p. The company stated:
215 days ago
Oh dear, oh dear. The FCA had the chance to clean up the sewer that is the Standard List by forcing all companies to retain a regulated advisor, rather as AIM Companies have to retain a Nomad. Fearing losing its license a Nomad should, in theory, stop companies telling outright lies or committing fraud, as happens all too often on the Standard list. But a consultation paper CP23/31 shows that the woke warriors at the FCA have bottled it and thus will allow investors to carry on getting screwed.
223 days ago
Yesterday I exposed how Cavendish, the Nomad, to Skinbiotherapeutics (SBTX) had banned its boss Stuart Ashman from doing interviews with me as the videos would be behind a paywall. It gets worse, as a kind reader points out.
224 days ago
Zeus Capital is unlisted but is one of the more sensible and well run City Nomads and brokers. But its results for the year to March 31 2023 finally appeared at Companies House on January 6 2024 and are truly appalling. It bought out rival Arden in January so you might have thought that revenues were up…think again.
229 days ago
Old Clem Chambers, formerly of ADVFN (AFN) expenses and payoff infamy, has yet to reveal why London’s worst Nomad, Roland “fatty” Cornish resigned from representing Online Blockchain (OBC) with immediate effect on 4th December. The RNS announcing this was posted on the 5th first thing so shouldn’t Clem give us an update on the impending expulsion from the sewer?
246 days ago
I have never been a fan of N4 Pharma (N4P), another sub scale POS on the AIM Sewer. Its Nomad is SP Angel which is always a red flag and a sign to get out. The broking team are the scholars and gentlemen at Turner Pope and I wonder if they are working on a placing right now. They should be. The maths is not hard.
258 days ago
I say this with the greatest respect to good friends at Nomad Allenby but in the scandal of the fraud Tintra (TNT), the AIM Company of the year 2022, they have behaved in the most shameful manner. I really do not know how they can sleep at night. At 11.02 AM today Allenby quit as Nomad and broker leaving the shares suspended. That came 2 hours after Tintra published a circular (for which Allenby will have earned a fat fee preparing).
259 days ago
Do not let the friends of Clem Chambers spin this as good news. The esteemed firm of Beaumont Cornish, London’s worst Nomad, has today parted company with Online Blockchain (OBC) with immediate effect. Online’s shares have been suspended and if a replacement Nomad (and broker) cannot be found within a month the shares will be slung off the AIM sewer.
273 days ago
This is a slam dunk breach. Sarah Willingham and NightCap (NGHT), assisted by Nomad Allenby have clearly broken AIM Rule 11. I have written to Marcus Stuttard and the team of Oxymorons at AIM Regulation asking if they give a FF about this and will they enforce their own rules.
372 days ago
I start with culinary triumphs notably the nettle beer I bottled today. Then it is Avacta (AVCT), Regtech Open (RTOP) and Naked Wines (WINE)
481 days ago
I should not be shocked that WH Ireland (WHI) is up shit creek having to refinance at 3p, 19p below yesterday’s share price. Throughout my three decades in finance, every few years, whoever has been running the show WH Ireland has almost gone bust. Today is not the first time that the broker, Nomad and wealth manager has been at death’s door. WH Ireland should not be listed.
509 days ago
You may remember that when Big Dave was at UK Oil & Gas (UKOG) right at the start of the Horse Hill farce, AIM regulation stepped in to force a retraction of claims that the area contained 6 billion barrels of oil. It seems that Big Dave is at it again.
509 days ago
Yesterday Avacta (AVCT) and its Nomad Stifel deliberately misled investors about a placing it had had to abort after I revealed all on Saturday HERE. I have written to the Oxymorons at AIM Regulation pointing out that this is an active deceit and suggesting that both Stifel and Avacta should be sanctioned and forced to ‘fess up. I do so just to put this latest failing at the casino on the record, not in great hope that the Oxymorons will actually do anything. The letter is below
528 days ago
On 14 March 2023 AIM sewer listed Amur Minerals (AMC) announced that it had received $35 million in hard moolah from the sale of its Kun-Manie asset and stated “The Company has previously announced that it will pay a special dividend of 1.8 pence per share to shareholders within 90 days of the receipt of funds. Further announcements in respect of the dividend dates will be made in due course.” Okay.
585 days ago
In today’s Bearcast, I discuss Deepverge (DVRG), Microsaic (MSYS), SUPP (WPCT as was), Wood Group (WG.), Wildcat Petroleum (WCAT), Kefi Gold & Copper (KEFI) and Bluebird Merchant Ventures (BMV).
599 days ago
Thanks to Nomad and broker Cenkos (CNKS) and Dowgate Wealth management, the AIM sewer has a new recruit, a totally pointless investment company, Onward Opportunities (ONWD). This is not capitalism it is crony capitalism. The City boys will make £1.1 million in fees over the first 12 months. Even with inflation that will secure the services of many Ukrainian young ladies and buy stacks of Colombia’s finest. Meanwhile shareholders will almost certainly lose money.
639 days ago
In today’s, utterly dreadful, results from Versarien (VRS) the auditors make it clear that the company will go bust if it cannot get a material cash injection from grants, loans or share issues. There is something Versarien is not telling investors about that. I wonder if it has told auditors BDO or its hapless Nomad SP Angel.
658 days ago
Company in crisis Versarien (VRS) has today issued an RNS Reach about it getting an eco passport for a product nobody wants to buy. An RNS Reach is one that the nomad deems “not financial significant.” And for the fraudsters’ fave Nomad SP Angel to make that ruling means this news must be almost irrelevant. The key issue is results. Or lack of them.
677 days ago
I start with some nerd like comments about river and reservoir levels in North Wales. Bear with me. This will be interesting I promise. Then Bidstack (BIDS) and what questions today’s shocker begs about the pre-placing interims. Surely the Nomad ( SPARK) and AIM Regulation must investigate. Then Okyo (OKYO) where post podcast recording the company has published interims on its website. Technically it missed the deadline and the FCA – whose conversations with me I discuss – must take this further. As it happens the interims are truly appalling and red flag strewn as I discuss HERE, Then I discuss Lucian’s two big oil shorts: Pantheon Resources (PANR) and Canadian Overseas (COPL). He is right on both IMHO. Finally a few words on Helium One (HE1)
677 days ago
On the 29th December when nobody was watching, Bidstack (BIDS) snuck out the news that Francesco Petruzzelli was quitting as Managing Director and was resigning from the Board. So it ended 2022 with bad news and it has started 2023 with even worse news regarding the bust up with its major partner Azerion.
706 days ago
Both Joshua and I are feeling dire so this is a very short bearcast covering Peel Hunt (PEEL) and the nomad/broker sector and Purplebricks (PURP), a zero after the latest housing data. Now back to bed.
727 days ago
Cloudtag (CTAG) was a bulletin board darling which we exposed as a bankrupt fraud on this website numerous times HERE. Eventually the company’s Nomad, Liam Murray at Cairn Financial, arrived at the same conclusion and gave his notice of resignation. However the company then raised £975,000 via broker Novum without telling Novum or anyone else about that resignation. Murray thus resigned with immediate effect and Novum unwound the placing while, with no other Nomad prepared to take on this toxic client, it was booted off the AIM sewer in March 2017.
748 days ago
The other day I suggested that AIM needed to introduce a Lenigas law whereby if a known associate of a company director sold his asset to that company he needed to declare how much he paid for it. Lenigas has punted on 2 assets on an undisclosed mark up to his pal Richard Poulden at Wishbone Gold (WSBN) where, for reasons I find it increasingly hard to justify, I am a shareholder. But Alien Metals (UFO) is another can of worms. And guess which penny share huckster pushes this one.?
755 days ago
I wrote to AIM Regulation yesterday and it is clear that it has acted forcing the rogues at Bidstack (BIDS) to come clean about the “Private” bust up with Azerion email sent to some clients of Nomad Stifel yesterday, an email, that thanks to Winnileaks, I published in full within hours of it being sent. And the regulators have forced hapless Lyin’ James Draper to roll back on claims in that email.
755 days ago
Yet again Bidstack (BIDS) has leaked clearly price sensitive information into the market to only certain folks, that is to say, selected clients of its Nomad and broker Stifel, rather than via RNS as I exposed earlier HERE. But this is not the first such sin by Bidstack which it has committed in collusion with Stifel.
776 days ago
I refer to this amazing exposé by Snopes HERE into Max Polyakov, Ukraine’s Elon Musk. Why does it matter: I recall Cupid and the great establishment cover up. Thjis is crime plain and simple and the board knew about it and covered it up. KPMG covered it up. The Nomad did nothing and so too did the Oxymorons at AIM Regulation. The SNP has been lobbying hard for Polyakov. They are all beneath contempt. Then I ask if share buying at Bluebird Merchant Ventures (BMV) is legit. It is. Then I discuss why a whistleblower may or may not have a story about another AIM company, look at Made.com (MADE), Sosandar (SOS), Tern (TERN) and Bidstack (BIDS): two placings , one a pea shooter, one possibly (but probably not) a bazooka.
783 days ago
As I exposed here yesterday, Colin Bird’s Bezant Resources (BZT) is insolvent and has deceived investors with its interims on Friday. I have written to its Nomad, Roland “fatty” Cornish, treating him with the respect he deserves, suggesting that the shares be suspended and that a statement is needed ASAP. Since he is almost certainly missing in 7 course lunch action today or perhaps sleeping luncheon off as he prepares for supper, I have ccd in the Oxymorons at AIM Regulation.
784 days ago
Yesterday saw interims from Bezant (BZT) and Caerus (CMRS). Has Colin Bird deceived us all? Have King of the spivs Jon Bellis and London’s worst nomad, Roland “fatty” Cornish signed off on a work of complete fiction? I think they have and that Bezant shares should be suspended ASAP and Bird’s career of penny share hustling broughtto an immediate close. All is explained in today’s podcast.
788 days ago
I have just written to AIM Regulation as Bidstack (BIDS) , lead by Lyin’ James Draper, has today grossly deceived and mislead investors as to the collapse in trading. The company has breached AIM Rules 10 and 11 and it, and its Nomad Stifel, need a public censure. The letter follows:
798 days ago
Yesterday I flagged up an acquisition made by Alien Metals (UFO) which stinks. Its Nomad, London’s worst Nomad, Roland “Fatty” Cornish clearly does not know how to use google.
798 days ago
I start with a few logistics on Sharestock, the opt in for booking supper with my family and how you have just 60 hours to book a seat HERE. Then onto Parsley Box (MEAL) and the sex pest I exposed last week HERE before contacting the company., Cineworld (CINE), Avacta (AVCT), Zamaz (ZAMZ) and the useless FCA and the related party or not shenanigans at Alien Metals (UFO) and its Nomad (London’s worst) Roland “Fatty” Cornish.
894 days ago
Yet again, I write to AIM Regulation with regard to the devout Christian, Matt Lofgran. Praise be the Lord. This time, it is not about his consorting with convicted pump-and-dump fraudster, Ron Bauer. It concerns his misleading investors in Nostra Terra Oil & Gas (NTOG), in collusion with London’s worst Nomad, Roland “Fatty” Cornish.
895 days ago
This is not rocket science, but I suggest to you that devout Christian, Matt Lofgran (praise be the Lord), and London’s worst Nomad, Roland “Fatty” Cornish, may be deceiving their investors. Here’s why.
895 days ago
I guess that enabling crime does pay. But if bosses at Peel Hunt had a shred of integrity they would not be welcoming corporate financier Mr Paul Shackleton through the front door today. Indeed, they would be joining me in suggesting that Shackleton should never ever work in thee City again. AIM is a sewer not only because it is home to so many frauds but because of men like Shackleton who enable fraud. Below is a link to a £185 million court case about a fraud where Shackleton was a, if not the, key enabler.
917 days ago
On Monday 16 May at 7.40 AM, shares in AIM listed Bulletin board darling Eurasia Mining (EUA) were temporarily suspended at just under 8p “pending an announcement.” At 6.18PM on Tuesday 17th (today) came that announcement. Eurasia “confirms it has no material new developments to notify” and so trading will resume on Wednesday 18th. So the shares were suspended for two days for an announcement that nothing had changed. That is insane. It gets more insane.
930 days ago
On Friday, I showed how Kinovo (KINO) had misled investors about the £5 million sale of its construction business, DCB, by hiding the fact that it could – and now is – on the hook for potentially unlimited liabilities. But, as a sharp reader explains, this scandal could be far worse. This is truly shocking, and heads at Nomad Canaccord, or Kinovo, must surely roll.
932 days ago
Surely, AIM Regulation must publicly censure Kinovo (KINO), and possibly its Nomad and broker, Canaccord Genuity. One – or both – of them has grotesquely misled investors to the tune of £8 million and rising, only fessing up to the scale of that deception today, which has sent the shares tumbling.
942 days ago
Long term Michael Masterman AIM dog W Resources (WRES) has announced that its Nomad Grant Thornton and its joint brokers Alternative Resource Capital and Shard Capital have all resigned with immediate effect. The question is: did they resign or were they resigned?
953 days ago
Mr Westbrook is undeterred by his encounter with bully-boy charlatan, Neill Ricketts of Versarien (VRS). He has now waded into battle with SP Angel, London’s second-worst Nomad after Beaumont Cornish, on the matter of the Paragon Diamonds Scandal. Nigel and I covered this debacle at the time, making it clear that we believed Nomad Northland, now part of SP Angel, behaved disgracefully. Westbrook has fired off the letter below, which I shall now pass to AIM Regulation, asking the Oxymorons if they can explain why SP Angel still has a license to operate. Ian writes…
956 days ago
This marriage of two companies from the AIM sewer gets dumber and dumber by the day.
956 days ago
On 24 March 2022 BlueJay Mining (JAY) announced its plans to drill at the Disko-Nuussuaq project in Greenland and this was the excitement needed to get investors to stump up $7 million for a placing at 7p. How distant are those days when disgraced Nomad and broker SP Angel set a40p+ target and was dumping its own shares at well north of 10p. I digress, wind forward 18 days to today.
962 days ago
When professional services group Ince (INCE) announced that it was buying its own, sub scale, Nomad Arden Partners (ARDN), I suggested that this posed such humungous conflicts of interest that it was a duff deal. Ince, advised by Arden, disagreed. Ho. Ho. Ho.
964 days ago
Whilst shareholders wait to see whether Catenae (CTEA) will emerge from its share suspension I wonder as to the cause of the audit delay. Nigel thinks it is because the company is effectively insolvent and he is right. But there may be another reason, and this really stinks. So much so that an honourable Nomad would be considering its position. Luckily for Catenae its Nomad is Cairn.
964 days ago
Back in March 2019, cyber-security play-cum-jam-tomorrow producer, Falanx (FLX), sacked its Nomad (Spark Advisory) and “upgraded” to Stifel. Three years later, there is a new change. It all makes no sense.
970 days ago
Okay this is not on a par with musicMagpie (MMAG) or Parsley Box (MEAL) which are both heading for an encounter with the Fat Lady already but, still, Nomad Singer should be holding its head in shame, as reader A flags up Artisanal Spirits (ART).., Hat tip to him. Here’s why.
970 days ago
Yesterday I suggested a possible reason for Stifel pulling the second attempted IPO of Recycling Technologies and for the shock resignation of CEO Adrian Griffiths just days before the IPO D day. An expert investor has written to me with his analysis. He thinks I was on the right lines with regard to the bankruptcy of Pure Global Limited where Griffiths was on the board. Our expert adds far more detail suggesting the predicament Stifel as the Nomad may have faced, hence its resignation.
970 days ago
Oh dear, oh, dear. To have your IPO pulled once is understandable, but twice seems like carelessness. Perhaps Nomad Stifel might care to scotch certain rumours doing the rounds.
Recycling Technologies first tried to raise £40 million of new monies, plus, if demand existed, some selling by existing investors, before Christmas. A schedule one notice went in on December 1; a Primary Bid offered us stock a few days later, and Stifel Europe anticipated a mid-December IPO on the AIM Sewer.
975 days ago
musicMagpie (MMAG) clearly needs a bailout placing to survive. There is only selling ( apart from spoof boardroom trades) so the shares should be heading lower. But one market maker is holding the price up. Others clearly would not touch this with a bargepole given what we have exposed here this week. So which market maker is holding the price up? Hint….
975 days ago
Young Steve has already written up today’s disastrous lack of profits warning from ActiveOps (AOM) but he misses out a key point with the shares now 97.5p. The fine firm responsible for this listing as Nomad and Broker was Investec. I wonder how much it earned.
1008 days ago
The headline is “value creation plan”. My arse. This is a disgracefully structured plan to further enrich Kistos (KIST) boss Andrew Piggy Austin and his fellow boardroom troughers. Oink. Oink. This is a disgrace. How on earth has Nomad Panmure Gordon signed off on this scheme as being fair?
1029 days ago
Following on from Evil Banksta’s most excellent article on Friday about the £640 million joke at Eurasia Mining (EUA) it is quite clear that Nomad SP Angel does not give a FF about markets in its clients shares being remotely orderly as we have seen with the scandals at the MySquar (MYSQ) fraud and at BlueJay Mining (JAY) where Angel pumped the stock aggressively so it could dump its own shares on mug punters. I have therefore written to the Oxymorons at AIM Regulation suggesting that it force an announcement
1047 days ago
I warned you in late September, as Tiger Royalties (TIR) published dreadful interims, that the dream team of “Mr Related Party” Colin Bird, London’s worst Nomad Roland “Fatty” Cornish and its spivviest broker John Bellis of Novum would need to do a placing before April Fool’s day or Tiger would be a dead big cat not for bouncing. Things have got worse.
1049 days ago
Will Joshua ever make it back to school? There appear to be suggestions that Wales’s bone idle teachers will postpone his education in why white privilege makes him an automatic victim by yet another day. In the podcast I discuss why Cliff Weight is wrong about share options, the Chill Brands (CHLL) spoof and then took a detailed look at AIM China play Univison Limited (UVEL) which looks tome to be a zero. Have you looked at what this loss making indebted POS spunked £949,000 on during the first half? In signing off on interims,Nomad Spark Advisory is ‘avin’ a bubble.
1071 days ago
Only kidding. These rules are bonkers. I discuss looming covid tests as I start to prepare to make my way back to Airstrip One. Then it is onto Nomad SP Angel and two of its clients, Versarien (VRS) and Union Jack Oil (UJO). Will John Meyer and his colleagues do thedecent thing for once?
1075 days ago
The Financial Conduct Authority has confirmed new listing rules which came into force today. Under those new rules the FCA is:
1075 days ago
I need to write this quickly so as not to interrupt the luncheon plans of Mr Roland “Fatty” Cornish, Nomad to this fine company. I would imagine that the start of Advent or the anniversary of the birth of Winston Churchill or the fact that it is Wednesday will be seen as good reason for a celebratory seven course meal starting as soon as Fatty has finished his elevenses. And so to rush. Fatty, you and your client Online Blockchain (OBC), the bastard parent of ADVFN (AFN) have goofed with final results today and those results will have to be re-stated. That is, if you care about accounting rules as much as you care about your reputation as the City’s greatest gourmand.
1091 days ago
This latest expose c/o Winnileaks is why shares in ADM Energy (ADME) should be suspended first thing Monday. Not only has the company and its hapless Nomad Carin sit on news of a major legal claim against it as I revealed yesterday but it seems to have met its second fake sheikh, a letter from whom is below. And to have used this fake sheikh to ramp the shares ahead of placings.
1092 days ago
Today Tintra (TNT) announced its entry into the previously announced AI joint venture. There is nothing like announcing essentially the same deal twice to keep up the news flow. Under Richard Shearer, Tintra has turned into an RNS and share issuing machine. But these announcements are so patently bogus, how can Nomad Allenby sign off on such utter bollocks?
1100 days ago
I have this one bang to rights. It is all there in the IPO prospectus (page 135) and the most recently released annual report. On the basis of what I describe the so -alled independent NEDs need to consider their position, the Nomad Allenby needs to force an immediate repayment of the sums involved and the company, already seriously uninvestable though capitalised at £32.1 million is a 100% bargepole. The image below is from one of its sites and page 18 of the annual report. At least this company understands irony.
1121 days ago
I set out below four reasons why Tintra’s (TNT) interim financial statements are not compliant with the requirements of IAS 34 for interim financial statements and why new interims are required. Do I expect Nomad Allenby or the Oxymorons at AIM Regulation to do anything about black and white breaches of the rules? No. My faith in regulators or City advisors is at rock bottom. But just for the record:
1121 days ago
In March this year WH Ireland was approached to become joint broker to Vast Resources (VAST). It conducted due diligence and that threw up so many red flags about the business but also about boss Andrew Prelea that WH Ireland said that it could not act. The email exchange detailing this has found its way via Winnileaks to myself and is published below. It is damning and all credit to WH Ireland for putting principle before profit. But Nomad Roland Fatty Cornish has been made aware of the same issues and appears to think that a) it is just after two so time for the third course of a six course luncheon and b) that he should just carry on taking the cash come what may. Lunches don’t pay for themselves after all. Enablers like Fatty are why AIM is a sewer. I am aware of a number of matters which WH Ireland discovered and anyone owning shares in Vast is truly certifiable.
1121 days ago
Two days ago Ince (INCE) the provider of legal and other corporate services announced an all share offer for sub scale Nomad Arden (ARDN). I flagged up then that this was a sign of a top of the market and also that there were bound to be conflicts of interest which would make this deal a nightmare not a blessing. Those COIs have cropped up sooner than expected and shares in Ince were suspended yesterday.
1153 days ago
I receive an invitation to an online pot conference. More signs this sector is hot and thus one I shall avoid. I mention Chill Brands (CHLL) which is not hot and which could see its shares suspended by Friday. I discuss why the Tiger Royalties (TIR) portfolio is toxic and could implode. Surely its Nomad Roland “fatty” Cornish can peer over his ever expanding belly and see the danger? I discuss en passant Go Ahead (GOG) and in more detail interims from Powerhouse Energy (PHE). Then to why HEIQ (HEQ) numbers today are so dripping in red flags as yet another recent IPO ( 10 months ago) comes crashing down.
1159 days ago
This should be an open and shut case and, if only pour encourager les autres, Deepverge PLC (DVRG), its Nomad SPARK Advisory and its journalist trolling arse of a CEO Gerry Brandon should be served up with a severe public censure. I have written to the Oxymorons at AIM Regulation below.
1173 days ago
I start by looking at a new normal and justifying a £50 million valuation. Then there is a look at the most almighty spoof from Marechale Capital (MAC) run by upper class twit Marke Warde-Norbury. How on earth did Nomad Cairn Financial sign off on this bollocks announcement regarding Weardale Lithium? Thirty seconds at Companies house shows what a farce this all is as I explain in full detail.
1204 days ago
Shares in Versarien (VRS) are being pumped by Bulletin Board speculation that the company has won a “major role” in HS2. If that is the case Versarien should announce the deal with hard numbers via an RNS. But it has not, it has leaked the story to “Punchline” the No 1 source of Business News in Gloucester. And then cult followers have spread the link all over the internet.
1217 days ago
Fat Bastard Malcolm Graham Wood takes fees from companies to write (positively) about their shares without disclosing the payments. He will do this for any company even proven frauds such as the late lamented Frontera Resources (FRR) which is why he is the whore blogger. His defenders insist that he is fundamentally honest but can they explain this away?
1250 days ago
That wasted an hour of my life but it looks like all systems go for Saturday when Steve Moore will be in charge of this website while Joshua and I head to the Greek Hovel. In today’s podcast I look at bitcoin’s latest dump and Argo Blockchain (ARB) and at Dev Clever (DEV) and its joke acquisition. That required a bit of work for me at Companies House as did researching today’s smoke and mirrors deal from Remote Monitored Systems (RMS) – how did Nomad SP Angel sign off on this cobblers? I then look at Avacta (AVCT), Zoetic (ZOE), MyHealthChecked (MHC), Bidstack (BIDS) and the fraud Supply@ME Capital (SYME). Where are its results?
1250 days ago
First it was the CEO, then a NED and now the CFO has quit, drowning in debt, AIM dog Lekoil (LEK) of fake sheikh infamy. But the resignation letter of Edward During is dynamite. Lekoil itself has not put out a statement on this matter but Lekoil Nigeria, which it owns 40% of and seems to be at war with, has. Kerboom. How long can these shares remain unsuspended? Is the Nomad, hapless SP Angel of the fraud MySquar infamy, not considering whether to walk? It should be but, then again, it is morally bankrupt.
1251 days ago
The staff at Bidstack (BIDS) should get paid next week, assuming that their employer can delay paying other bills. But it is unlikely to be able to meet next month’s payroll so calamitous has been the shortfall in trading vs expectations. Unless Nomad and Broker Stifel can get away a rescue placing within weeks, Bidstack staff should be brushing off their CVs as a matter of urgency. I have written to AIM Regulation as a statement is needed asap.
1251 days ago
The comedy continues at AIM uber-dog Lekoil (LEK) of fake sheikh scam infamy. Three directors of Lekoil have today resigned and have written to AIM Regulation asking those crack regulators to investigate the company. Cripes do they not know about the Oxymorons? You may remember that on June 10 Lekoil fired its CEO, Mr. Olalekan Akinyanmi, on the grounds that he was also CEO of Lekoil Nigeria in which the AIM dog has a 40% stake.
1254 days ago
Roland “Fatty” Cornish, London’s worst Nomad, and the Oxymorons at AIM Regulation are yet to respond to my damning related party expose of Alien Metals (UFO) of last week HERE. While we wait and, as Roland starts the countdown to his elevenses, here are some more questions that he should be asking of his client.
1260 days ago
Most AIM sewer companies have, perhaps, 2 Nomads every five years. Sometimes your company grows so you upgrade to a bigger firm. Or the reverse can happen. Or maybe a Nomad goes bust. Or perhaps you just have a personality clash. But to have multiple Nomads suggests something worse is afoot, that the Nomads might actually be baulking at what is going on. In that vein, consider the record of Versarien (VRS).
1262 days ago
The number of lies told by this company is so great that I have almost lost count. But then Remote Monitored Systems (RMS) is listed on the AIM Sewer where rule 67 states “Any company can lie to investors via RNS or in podcasts with Justin the Clown or that imbecile Zak Mir and the Oxymorons at AIM Regulation will do absolutely nothing about it.” Okay I made that bit up. And so, with no great hope of it doing anything about quite blatant RNS lying, I have written to AIM Regulation about Remote Monitored Systems and its Nomad and broker SP Angel asking for an investigation into a new £1.5 million lie that emerged yesterday. The letter is below:
1264 days ago
With London’s worst Nomad, Mr Roland “fatty” Cornish, on board you know that everything at Alien Metals (UFO) must be strictly above board. Nothing gets by the eagle eyes of Fatty. Well not before 11.15 AM when he waddles off to start his daily seven course luncheon. So what’s the deal with Alien? It is all to do with wombats, creatures rarely on the menu for Fatty.
1269 days ago
Lyin’ James Draper, the CEO of almost insolvent Bidstack (BIDS), is a proven liar. We knew that already but here is another monstrous £10 million quid deceit from December 2019 for you to consider. How Nomad Stifel signed off on this is baffling. You might almost think Stifel was morally bankrupt!
1270 days ago
Surely, before undertaking a bailout-discounted placing with bucket shops, a company has to come clean and admit that trading is way below what had been forecast? Those are the AIM Rules but Lyin’ James Draper and Bidstack (BIDS) do not give a rat’s arse about rules and neither, it seems, do the Oxymorons at AIM Regulation. On 22 April, house broker & Nomad Stifel slashed its 2021 and 2022 sales forecasts and upped its forecast losses for Bidstack but the company is yet to admit that trading has fallen off a cliff. But today with cash down to almost nothing and staring down the barrel of insolvency, surely it must be made to ‘fess up? Here are the maths:
1285 days ago
With a hat tip to MB, I note that at 4:30 PM and 4:31 PM Friday, Futura Medical (FUM) announced that there was a placing and retail offer at 40p per share. Unfortunately, somebody at Nomad Liberum had forgotten that the market doesn’t actually close until 4:35 PM after the closing auction (which has been the case since 1997).
1345 days ago
I think Optibiotix (OPTI) shares are very cheap as are those of Skinbiotherapeutics (SBTX) and am a loyal shareholder in both expecting to treble my money from here. Nor do I begrudge Optibiotix selling a few shares in Skinbiotherapeutics as it announced it had today as I imagine that will more than pay for a Nasdaq listing which may drive a re-rate. But I suggest that, in light of today’s events, a document signed by Steve O’Hara and Nomad and broker Cenkos is a worthless piece of toilet paper and both have legged over and deceived investors in Skinbiotherapeutics. Let me explain.
1346 days ago
It is not as if this company has not already had problems with Nomad’s quitting because of rule breaches and misleading statements before, is it? But with Eurasia’s (EUA) current Nomad being the fraudster’s Nomad of choice, SP Angel of MySquar (MYSQ) infamy, I guess that sticking to the rules is not actually needed. So that is alright then.
1359 days ago
On 21 January, joke graphene company Versarien (VRS) published interim results which misled investors as to its net debt position by classifying a £1.96 million (illegal) Government loan as a trade payable not as a loan. Having deceived folks with this presentation, loathsome boss Neill Ricketts was again selling shares, this time 1.65 million of them. Now, after I complained to the Oxymorons at AIM Regulation and hapless Nomad SP Angel of fraud MySquar infamy, Versarien has ‘fessed. But even so, it does so in a misleading and deceptive fashion reinforcing why its shares are so utterly uninvestable.
1378 days ago
Following its shocking lack of 2020 AND 2021 profits and disappearing cash warning on February 1, Bidstack (BIDS) is close to running on vapours with net current assets set to go negative by the end of May and cash set to run out before then. Oh dear. What to do? Ramp the shares ahead of a discounted placing from the Nomad and broker which signed off on the grossly misleading pre-Christmas trading statement, Stifel.
1392 days ago
The first of a number of triumphs today for the Sheriff of AIM is AIM bad boy Bidstack (BIDS). After repeated pressure from this website it has, finally, admitted that its pre Christmas trading statement was a deceit and, better still, has issued a shock warning about 2021. Oh dear, its moronic followers, including Mike Turner, that cross dressing IT freak from Northants, will be cacking themselves as a cash crisis looms. Let’s start with the false market created on 17 December with the misleading RNS signed off by shameless Nomad Stifel.
1396 days ago
Yesterday Verditek (VDTK) finally ‘fessed that its 2020 revenues would be almost nothing. That is despite it announcing on June 30 that its Italian operation was now “in production and is generating revenue” and the announcement of no less than EIGHT separate orders from 30 June onwards. All of those “orders” were announced before a bailout placing on October 6. And it is not as if this company, chaired by Tory Toff Lord Willetts, has not got extensive form in announcing big orders before placings which then turn out to be bogus. The Oxymorons at AIM Regulation could have stopped this if they had heeded my calls in letter to them about a full enquiry into past pre placing deceits going back right to the IPO but they did nothing. There now needs to be a full enquiry into the company and into Nomad WH Ireland with public censures resulting. My letter is below:
1402 days ago
The results were so shockingly bad that it is hard to see why Versarien (VRS) bothered to mislead investors. But it did and in a material way and thus I have written to the Oxymorons at AIM Regulation to flag this up and suggesting that odious Neill Ricketts and his disgraced Nomad, SP Angel of the fraud MySquar infamy, be forced to restate reissue a corrected version. The letter is below.
1403 days ago
You would need a Nomad without any morals whatsoever to sign off on junk like this. Luckily Versarien (VRS) employs SP Angel of the fraud MySquar infamy so that’s alright then. These, delayed, numbers for the six months to 30 September 2020 are just piss poor. and also deceptive.
1404 days ago
Sabien (SNT) has been around for years developing boilers that were going to revolutionise the world. Whatever. Floated at 52p per share in 2006, its shares now trade at 0.1p after more catastrophic news. Losses to date are in excess of £5 million but at least it has been providing a steady source of coke and hookers cash for London’s Nomads, brokers, PR fluffies et al. Today came a real shocker.
1405 days ago
The pretence is that this company is not insolvent. It is. It is time for various folks to wake up and smell the coffee. On 31 December 2020 in a trading update, St James House (SJH) stated in an RNS:
1409 days ago
Just a few hours before voting to delist Octagonal (OCT) from the AIM Cesspit earlier this week, shareholders in the company were presented with unaudited interim results for the six months ended 30 September 2020. With AIM’s worst FD, Nilesh Jagatia, in charge and London’s worst Nomad, Roland “fatty” Cornish, signing off, you will not be shocked that there were a raft of howling schoolboy errors.
1411 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?
1417 days ago
With London’s worst Nomad, Roland “Fatty” Cornish advising it we have time and again warned you that VAST Resources (VAST) is the sort, of dog that even paid for hustlers like Zak Mir wouldn’t tip. Okay he probably would but you get the picture. Today we have a major disaster and the shares have crashed.
1418 days ago
Gary Newman got much grief in times gone by for warning folks about this dog. Today, I imagine he will be enjoying extra ouzo with his fishcakes as the shares were suspended from AIM as the one month notice period of, now, former Nomad Strand Hanson came to a close. But what next?
1429 days ago
Yesterday I revealed how Roland “Fatty” Cornish was, as Nomad, to Octagonal (OCT) approached by a whistleblower about manifest and multiple regulatory failings but instead of acting on this matter he dobbed the whistleblower in to the company which saw the whistleblower getting a lawyers letter. This should see Fatty struck off as a Nomad now that the SEC – with FCA help – is charging Octagonal and its boss John Gunn over these matters and others. It gets worse for Fatty.
1430 days ago
This is all to do with events at Octagonal (OCT) described earlier. When did Fatty know? The answer is that thanks to a whistleblower it was eons ago. But it is what he did about it that is the real scandal and why AIM Regulation must drum him out of the City PDQ if it is to maintain any sort of pretence that AIM is a credible market. PS. Merry Christmas to one and all, even Fatty.
1430 days ago
At 8 AM on Christmas Eve shares in Octagonal (OCT) were suspended on the AIM Casino. At 1.04 PM, with the market closed, and everybody switching off their screens came the bombshell. Assisted by the FCA the SEC has charged Octagonal’s main subsidiary, Global Investment Strategy UK Ltd. (GIS), for clearing and settling billions of dollars of U.S. securities transactions without registering as a broker-dealer in violation of the federal securities laws. The SEC also charged John William Gunn, its founder and principal, with aiding and abetting those violations. Kerboom. You cannot say that I have not warned you for years that Gunn – who also runs uber dog Inspirit (INSP) – was a prize rotter.
1440 days ago
In today’s podcast I discuss Joshua’s Advent calendar then look at 2 very naughty Nomads and 2 of their grossly over-valued clients. Roland “Fatty” Cornish looks after European Metal Holdings (EMH). Liam Murray of Cairn looks after the ultimate Penny Dreadful, Catenae (CTEA). Then I return to Sarah Willingham’s NightJar and why she is destroying value for morons who pony up £6 million for the IPO on day 1. This is a scandal and Nomad Allenby should be ashamed. Then onto Purplebricks (PURP) before I look at Summerway (SWC) and why, whatever you pay you MUST buy its shares ASAP
1441 days ago
As a loyal former citizen of the Isle of Man I feel that it is my duty to go to my good friends at its Financial Services Authority on Bucks Hill in Douglas to dob in Bahamas Petroleum (BPC) for apparently breaking the law with its disguised death spiral placing announced today. Crime should not pay. Have they abolished birching for naughty Nomads on the island yet?.
1461 days ago
The bulls are creaming themselves. The shares up by 13% at 40p and the cult-like followers of shameless Neill Ricketts say there are now real revenues from graphene sales. But I think not. The RNS issued by Versarien (VRS) today is utterly disingenuous and no Nomad other than shamed and disgraced fraudsters fave SP Angel would have signed off on it.
1462 days ago
As at June 30, thanks to a grubby fund raise organised by Nomad and broker Stifel, Bidstack (BIDS) sat on £5.9 million of cash and bet current assets were only a tad lower. But as we approach Advent and the year end that position has got much worse. When, I wonder, is the warning and official admission of that?
1466 days ago
On 17 April 2020, worthless AIM promote Bidstack (BIDS) published details of an “independent” study that it claimed validated its technology. Following intense pressure from ShareProphets, AIM regulation forced Bidstack to ‘fess on 27 April that the research was not at all independent but was paid for. In that light, I have written to the Oxymorons at AIM Regulation and to hapless and shamed Nomad SP Angel about the release issued by Versarien (VRS) yesterday.
1469 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.
1469 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”.
1470 days ago
Another day brings yet another bailout placing for AIM listed sub scale investment company TERN (TERN). It will not be the last but AIM Regulation needs to investigate the circumstances of this placing for there is now a clear pattern of deception emerging. I have dropped the Oxymorons a letter today.
1500 days ago
Okay, I know that Neill Ricketts thinks that rules are for little people and since his Nomad is the disgraced SP Angel, which is quite happy to act for proven frauds, it probably does not care either. Maybe the Oxymorons at AIM Regulation need to whir into action?
1558 days ago
Enough is enough. Two weeks ago, an article HERE forced Verditek (VDTK) to admit on August 12 2020 that the two big contract wins announced in 2019 had not gone through but it had raised money without telling investors of these massive setbacks. On Friday, I showed that it had actively misled investors ahead of placings in September 2019 and March 2020. Enough is enough. How many more lies have been told? I have written to the FCA & AIM Regulation asking for the shares to be suspended pending a full investigation into the company, its directors, and Nomad WH Ireland which, at best, has been asleep at the wheel.
1571 days ago
To put this in context, even morally bankrupt Nomad SP Angel, the Nomad of choice for fraudsters, does not think this news is financially significant and so has forced ramping Neill Ricketts to alert his moronic investors via an RNS reach not an RNS. Natch, folks who think it’s okay to murder journalists don’t care about facts so Versarien (VRS) shares are up 12% at 46p – an £8 million increase in market cap on news that even the Nomad thinks is financially irrelevant!
1572 days ago
There are breaches of TR1 rules and a lack of transparency on Versarien’s (VRS) cash position. We need clarity, and that clarity will demonstrate why the £5 million UK taxpayer loan is 100% illegal. I move from one dog to two others: Iconic (ICON) and Supply@ME Capital (SYME) before offering some price targets on Ariana (AAU) where I am a very happy shareholder.
1606 days ago
The continuing suspension of Eurasia Mining (EUA) makes no sense at all, at least not without another statement from the company on why it is still suspended. What is happening now is in clear breach of AIM rules. Thus an upstanding and concerned citizen who is, I believe, short of the shares though that is irrelevant has written to morally bankrupt Nomad SP Angel and the Oxymorons at AIM regulation, demanding that rules be adhered to. The letter is below:
1627 days ago
The judgement which I publish in full below from the International Arbitration Court is damning. For those, such as scumbag PR advisers Yellow Jersey, the whore blogger Malcolm Graham Wood and Nomad Cairn which, for years, helped the, formerly AIM listed, FRAUD Frontera Resources (FRR) to raise millions of pounds from mug punters, it is document demonstrating their wholesale moral bankruptcy. Those involved continued to push the shares even AFTER I had shown the company to be a fraud run by liars.
1631 days ago
Between June and December 2016, I commented extensively in a series of article on the greed of William Dewsall, the CEO of Gable Insurance Holdings Inc, who extracted over £15 million in cash from the Group and its dire prospects, which to remind readers ended up being worthless when its insurance subsidiary company was placed into administration on 17 November 2016. Natch Nomad and broker Zeus and the oxymorons at AIM Regulation did nothing until it was too late.
1631 days ago
Bidstack (BIDS) a company that is on the brink of insolvency with almost no cash has today issued an AGM statement that is so thoroughly deceptive in failing to explain the crisis the company faces that its Nomad Mark “the poltroon” Brady at SPARK should be censored for signing off on it.
1646 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.
1654 days ago
Despite incteasingly desperate attempts to ramp its share price, AIM dog Bidstack (BIDS) sees its stock marooned at 6p. Interestingly, the spread is wide enough to drive a bus through, indicating market makers are aware that either one last ramp but also that a deeply discounted bailout placing may be imminent. But the bare fact is that the company cannot both meet May payroll and satisfy short term liabilities. As such, its shares should surely be suspended pending clarification of its financial position. I have written to the Oxymorons at AIM Regulation today making this request.
Suspension of trading in shares in Bidstack PLC
To AIM Regulation
cc hapless Nomad Mark Brady at Spark
1670 days ago
Since April 17 I have written to AIM Regulation and hapless Nomad Mark Brady of SPARK four times about the latest big lie to investors told by Bidstack (BIDS). At 4.20 PM on 27th April came an RNS ‘fess up but I smell no contrition. This is a company with a culture of deception. But without ShareProphets it would have got away with it.
1671 days ago
I have today written to Mark Brady of Nomad SPARK Advisory urging him to take immediate action with relation to the weekend’s exatraordinary events, the involvement or otherwise of CEO Lyin’ James Draper and other matters from the week before. Natch I cc in my good pals at AIM Regulation. The letter is below.
1676 days ago
I have now written not once but twice to the Oxymorons at AIM Regulation regarding the misleading RNS Reach issued by Bidstack PLC (BIDS) on Friday 17 April. The Oxymorons and indeed hapless Mark Brady at Nomad SPARK have yet to respond. So enough of monkeys, I have written directly to Marcus Stuttard, head of AIM Regulation, as you can see below.
To Marcus Stuttard.
cc clueless Nomad Mark Brady at SPARK
Re Bidstack PLC & the misleading RNS Reach of 17 April
1677 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.
1678 days ago
The Oxymorons at AIM Regulation and hapless Nomad Mark Brady at SPARK have yet to reply to my letter of Saturday about Bidstack (BIDS), the almost bankrupt company led by Lyin’ James Draper which, I believe, (again) deceived investors last Friday. so I have penned a follow up missive. Surely the time has come to suspend the shares. The letter is below.
To: AIM Regulation
cc: Hapless Nomad Mark Brady at SPARK
1684 days ago
Listeners, I have screwed up on social distancing. at least where my new orchard is concerned. I start with this pressing matter HERE. Then I discuss how I am bracing myself for flak for my latest coronavirus podcast on how the GroupThink mob get their maths all wrong regarding the NHS HERE. Then to matters financial: the markets and economic recovery, Eurasia Mining (EUA), Novacyt (NCYT), Telit (TCM), Remote Monitoring Systems (RMS) and Castleton (CTP)
1684 days ago
Just before the long Easter weekend, Eurasia Mining (EUA), shares in which have now been suspended for more than two months, issued a partial ‘fess up. As I flagged up almost two months ago, Nomad WH Ireland has indeed resigned but why?
1691 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.
1691 days ago
I look at news that Tesco (TSCO) is upping its dividend while getting a massive tax break from the taxpayer. This is wrong at every level. The Times tries to defend it, no doubt on orders from a powerful corporate PR machine, but this is simply a transfer of wealth from the poor to the rich and should not be allowed. I look at Nostra Terra Oil & Gas (NTOG) following up on my earlier piece with more questions for the board and Nomad, Strand Hanson, and another shocking revelation abiout the behaviour of CEO Matt Lofgran. Finally a few words on Concepta (CPT), my share tip of the year where I have averaged down in today’s placing.
1691 days ago
On April Fool’s day there was an upbeat statement from Nostra Terra (NTOG) promising all sorts of good things. What it neglected to mention was that trade creditors had risen to £230,000 as the cash burning enterprise had no cash and so imply could not afford to pay its bills. One of those owed cash (£60,000) was Nomad Strand Hanson, boy how it must have been hoping for a placing….
1692 days ago
As I noted earlier, the RNS issued by Versarien (VRS) is a shambles and opens up all sorts of questions about share dumping by boss Lyin’ Neill Ricketts last April. I was set to contact AIM Regulation and the FCA about it but it seems that valiant Tim Kempster has beaten me to it. The Regulators really do need to act on this at once. Tim writes
1707 days ago
Versarien (VRS) this morning announced “subscription to raise £6 million”. Folks looked at the headline and the shares soared to 31p. Ha! Mugged by Ricketts again! Then they read the release. It is bullshit. Death spiral provider Lanstead is not putting up a cent up front and the total amount handed to Neill Ricketts’ bag of shite company over the next two years could well be well below its monthly cashburn! Ricketts really is the most shameless bullshitter and only scumbags like SP Angel, who took over as Nomad after Canaccord resigned, would sign off on such misleading gibberish which contains one MONSTER lie.
1711 days ago
The Dark Destroyer, aka Matt Earl, has branded Andrew Monk, the Banning Buffoon for his call to ban shorting in a fiery twitter exchange. I discuss why Matt is right on all counts. I chatted to Nigel Wray, Britain’s Buffett, at length today about the markets, individual shares, the coronavirus, the shape of the recession, consumer attitudes and most interestingly about commercial property, which he knows a bit about. I also discuss Sosandar (SOS), Finncrap (FCAP), Arden (ARDN), WH Ireland (WHI) and other Nomad/brokers and when the FCA will have to step in to check their solvency. Finally a few words on the Government’s daft £330 billion loan scheme.
1724 days ago
In today’s podcast I look at the overall market bloodbath asking whether we see capitulation and a buying opportunity or if things could get much worse. I look at Bidstack and the speed at which it must complete a bailout placing, at Blue Jay Mining (JAY) and the antics of its disgraced Nomad and broker SP Angel, at Versarien (VRS) and the true import of today’s free podcast and finally at AFC Energy (AFC) one of the most overvalued stocks on AIM.
1725 days ago
I am not saying that Versarien (VRS) should be slung off the AIM Casino although it is a worthless POS heading rapidly for a cash crisis as it, again, runs out of other people’s money. However, the latest expose about the antics of its CEO Neill Ricketts makes it abundantly clear that he is not fit to run a listed PLC. Since Nomad SP Angel of MySquar infamy will act for any old fraud and does not care I have written to AIM Regulation, which yesterday- after communications from me – forced the company into a fourth fess up RNS in a little over a month - asking that it force him to stand down from the Versarien board.
1735 days ago
This is an easy way for SP Angel to show it really is a serious Nomad. Does it think that Versarien (VRS) boss Neill Ricketts lied about share sales he made? If so will it issue a corrective RNS tomorrow and/or resign? Let me start with two tweets made by Ricketts after he dumped £153,750 of shares on 4 January 2018.
1735 days ago
I start with the rising flood waters here at the Welsh Hovel, which are now about two or three yards from the bottom step leading to the back door. Then it is onto Coronavirus, where it is starting to sink in as to how bad it could be in terms of fear and our behaviour if not actual deaths. Then onto what filing management accounts means and the question of possible securities fraud at Dev Clever (DEV), which I have flagged up with the FCA today. Then, as per the screenshot below, it is the changing behaviour of Neill Ricketts at Versarien (VRS) and what that tells us about the regulatory hole he is in and why Canaccord quit as Nomad. Finally a comment on Bahamas Petroleum (BPC), its piss poor death spiral and crazy valuation.
1736 days ago
In these volatile times shares can move wildly in both directions for all sorts of reasons. And after any sharp movement the regulators will put a call into the company, or on AIM to its Nomad, after if, perhaps there is something that it might wish to release via RNS.
1742 days ago
hey what better way to mark International Women’s day than to hear an overpaid BBC nobody interview someone who says she is “ A self-confessed believer in the human spirit, she is ‘ridiculously and overwhelmingly happy with the opportunities that she has to develop and how she can play into the amazing world that we live in.” Yup, you know who is back. Elsewhere in this podcast I discuss Versarien (VRS), whose Nomad DID resign, ValiRx (VAL), Sound Energy (SOU), Petra Diamonds (PDL), Novacyt (NCYT), Nostra Terra (NTOG) and Laura Ashley (ALY). I also ask you to be generous and give to a great cause today HERE
1742 days ago
Today we have the shock news that Versarien (VRS) has a new Nomad. Not a better Nomad, SP Angel is clearly massively inferior to Canaccord and this begs the question whether Versarien lied to investors on February 10. I have thus written to the Oxymorons at AIM Regulation and to the FCA with a question so simple that even they should be able to answer it.
1742 days ago
Yet again Versarien (VRS) has announced a change of Nomad. This cannot be interpreted as anything other than bad news.
1742 days ago
Nigel Somerville is too nice a guy to ask if a company has been a very naughty boy indeed. I am not. I note his piece earlier on Advanced Oncotherapy (AVO) and it seems obvious that, while Nomad Allenby probably does not give a flying feck, the question should be asked. And so I have written to the Oxymorons at AIM Regulation asking them to investigate
1742 days ago
We know that Bobbie signed off on most of the untrue and fraudulent releases issues by Quindell (QPP) so perhaps he will sign off on anything? But the February 4 2019 RNS from Versarien (VRS)? Really?
1752 days ago
If you are an AIM listed company and want t tell lies via RNS your go to Nomad must be Bobbie Hilliam of Cannacord. Hilliam signed off on the RNS statements by Quindell that enabled Rob Terry to commit fraud. Now he is in charge of Versarien (VRS) which has also told repeated lies via RNS.
1755 days ago
One clown is Justin Waite from Vox Markets the other is Mr Tumble who entertains folks Joshua’s age on CBeebies. I explain the two big differences betweeen the two Justin the Clowns. I look at a classic feck up by London’s worst Nomad Roland “Fatty” Cornish. poor man, he has a lot on his plate right now. I look at Andalas Energy (ADL) what the broker coverage of Petards (PEG) shows about the cesspit in the City and I cover just wholly unacceptable executive greed at Coro Energy (CORO). I forgot to mention crony capitalist greed at Toople (TOOP), a coke and hookers event for City spivs but you can read about it HERE. I do, however, comment on NMC Health (NMC) and Finablr (FIN).
1756 days ago
I start with a few words on Brexit Day and how we celebrated it HERE in Wales. Then with case studies Toople (TOOP) and Haydale (HAYD) I look at clear Nomad and adviser failings harking back to those at African Potash (AFPO) and suggesting why it is vital that, now, heads start to roll. I also discuss Future (FUTR) and Optibiotix (OPTI) and suggest that you all follow the great example of No Gold HERE
1758 days ago
Only the laziest, stupidest and most credulous of Nomads would have signed off on the death spiral funding releases issued over the past few months by, almost certainly worthless, Vast Resources (VAST). Luckily Vast employs Roland “fatty” Cornish and so today we get another update. You may remember…
1762 days ago
The par value of Plutus Powergen (PPG) shares is 0.1p. The shares now trade at 0.08-0.09p making it almost impossible for this £700,000 capitalised worthless piece of crap to get a bailout placing away which begs the question of how Nomad Allenby, how on earth did it verify the last RNS?
1762 days ago
ADVFN (AFN) sister company Online BlockChain (OBC) shares a Nomad in Roland “fatty” Cornish. If you read the 2019 accounts you will be squealing with laughter yet the shares have rocketed 58% today. Why? No doubt Roland is on the ball and a statement will be forthcoming. I look at the madness at Davos, signs of peak bull market insanity and at the news from Westminster Gtroup (WSG) chaired by repellent pig The Right Honourable Tony Baldry of 3DM infamy.
1762 days ago
Two days ago Versarien (VRS) was forced by AIM Regulation, following a complaint by me, to ‘fess up that its much vaunted US “hub” was in fact an empty serviced office where nobody works. But in that ‘fess up RNS it made another claim which may or may not have been verified by the hapless Nomad, Bobbie Hilliam of Quindell infamy, now working at Canaccord. Thus, I have again written to AIM Regulation as you can see below.
Versarien, further clarification needed on its sham US Operation
To AIM Regulation
cc Bobbie Hilliam
1762 days ago
It may well be that London’s worst Nomad, the Cambridge educated gourmand, Roland “Fatty” Cornish has, in between meals, invented a time machine. Or perhaps he is just not very bright but that the tutors at Pembroke College thought he was a jolly good fellow who had been to the right school and that the College VIII needed a bit of ballast in the middle? I shall leave you to decide.
1762 days ago
In today’s photo bearcast I discuss ADVFN (AFN) and London’s worst and fattest Nomad, Optibiotix (OPTI), Plutus Powergen (PPG), Dods (DODS), Tissue Regenix (TRX) and Sosandar (SOS) whose antics are enough to turn a man to drink.
1769 days ago
Both Versarien (VRS) and ADVFN (AFN) have been forced to issue major ‘fess ups today directly as a result of my actions. I explain how both cases show just why AIM is not working at all, naming names why the Nomad system is failing you all and what happens next. And yes it is a day of fecking triumph for me and this website.
1770 days ago
Shareholders have a right to know exactly why the Fleet Street legend Brian Basham quite as a Non Executive director of ADVFN (AFN) on Friday but despite Basham ensuring that Nomad Roland “fatty” Cornish was kept in the loop, ADVFN has refused to come clean. Luckily, thanks to Winnileaks, I have BOTH resignation letter sent by Basham and what they say is utterly shocking.
1780 days ago
All the signs are that AIM Regulation and hapless Nomad Canaccord is clamping down on the private Versarien (VRS) chatroom inhabited by Neill Ricketts and his Versarien cronies after shocking revelations like this HERE. However Winnileaks now has material from a similar chatroom on the private Telegram platform where Eurasia Mining (EUA) boss Dmitry Suschov and his proxies are “at play”.
1780 days ago
Say what you wish about shameless ramper Neill Ricketts of Versarien (VRS) but he is a man who would turn up at his local Women’s Institute meeting if there was an opportunity to ramp his shares. He’d never turn down an opportunity, however small, for a spot of ramping. But right now he is embroiled in a regulatory tangle with his Nomad and AIM Regulation over the secret Discord Group exposed HERE and HERE. Ricketts was set to fly on Tuesday of next week to host a lunch in God’s chosen lands of Ulster…
1781 days ago
Just for one week, the contest is being brought back at the request of reader Juicin. The rules are slighty changed in honour of Neill Ricketts of Versarien (VRS). What we are looking for is the most moroniic comment on shares on the LSE, iii or ADVFN Asylums or twitter. But this week you can also add in comments on the private Discord chat room where Ricketts tells lies to investors without his Nomad, hapless Quindell loving Bobbie Hilliam at Canaccord, knowing anything about it! The deadline for entry is midnight on Sunday 12 January ( my birthday). Entries in the comments section below.
1783 days ago
In today’s podcast I look at mini-bond scandal house Wellesley Finance and why it once again shames new Bank of England Governor Andrew “asleep at the wheel” bailey and the shitheads round at the FCA. I comment on another of its failings in light of today’s Neil Woodford News. I comment on Big Dish (DISH), have a theory about Angloa African Oil & Gas (AAOG), comment on Optibiotix (OPTI), Versarien (VRS) and ask how long its Nomad will tolerate Neill Ricketts and finally on Aston Martin Lagonda (AML).
1784 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.
1797 days ago
Following my article yesterday morning HERE, Anglo African Oil & Gas (AAOG) was forced by its Nomad into a full ‘fess up. And the admissions are damning.
1797 days ago
Bidstack(BIDS) has a CEO who is prepared to lieu to investors as he demonstrated on August 8. That the company’s Nomad SPARK Advisory and the Oxymorons at AIM Regulation have not ensured that Mr James Draper is fired shows you what a joke the Casino has become. Now we have clear evidence of a double breach of AIM Rules. I have written to the Regulators today, demanding a full investigation. My letter follows:
Formal Request to investigate Bidstack PLC and Nomad Spark and SPARK QEs Neil Baldwin and Mark Brady for clear breaches of Rule 10 & 11 on 18 & 19 December.
1807 days ago
At 4.30 PM today Neill Ricketts, the shameless ramper and boss of Versarien (VRS) will meet with his dwindling band of core disciples at Bangers in the City of Londion to spout more bullshit, the sort oif bullshit that even his limp dick Nomad Canaccord would not allow him to include in today’s atrocious interims. Surely even the disciples can now see that they have been spun an almighty yarn.
1807 days ago
I have today written to the Oxymorons at AIM Regulation with regard to Remote Monitoring Systems (RMS) and its disgraced Nomad SP Angel of Mysquar (MYSQ) infamy, asking if monthly management accounts can be produced to justify statements made just three weeks before the last bailout placing on October 18. If they cannot be produced the regulator needs to take severe action against the company and its Nomad. I write
1812 days ago
Neill Ricketts has already had one bollocking from his Nomad after his twitter comments forced, thanks to my efforts, his Nomad to force Versaien (VRS) into issuing an RNS “to clarify“. But the poor old Nomad must be livid after this spat last night. Remember that results are on bury bad news on General Election day. It started when Neill did not like a tweet from a chap called EasyBrent to which the shameless ramper responded…
1812 days ago
Yes that shameless promoter James Parsons of Sound Energy (SOU) infamy has a new stock to promote to the gullible. I discuss Sound and his new grossly overvalued POS Regency Mines (RGM). I also look at what was Strat Aero, Remote Monitored Systems (RMS) asking ,in light of today’s news, if it has committed securities fraud? Has hapless Nomad SP Angel of Mysquar (MYSQ) infamy asked to see management accounts for Geocurve from July to today? If not why not?
1833 days ago
Okay AIM is loathe to boot off any company given how the World’s Most Successful Growth market is shrinking and Lagos Securities just wants retainers so will act for anyone, I answer my own question. But even by the standards of the AIM Cesspit, surely there comes a point where one says “enough is enough.”
1836 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:
1838 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.
1840 days ago
AIM dog Brady (BRY) will shortly be taken over by PE firm Hanover at 10p a share. If the deal is not supported by shareholders the company will go bust. I have already twice written to the FCA and AIM Regulation demanding that they investigate how Brady and its Nomad Cenkos mislead investors. Today the scale of that deception has become clear.
1840 days ago
On March 5 this year struggling, cash guzzling, pensioner mugging & free speech denying, Nomad and Broker WH Ireland raised £4.9 million at 45p saying that “Following a broad review of the Group’s likely future regulatory capital requirements and in particular, the Group’s regulatory capital buffers, the Directors believe the Placing will ensure that the Group has sufficient resources in place to satisfy the FCA’s present capital adequacy requirements.” Wind forward just 8 months and 1 day and….
1840 days ago
Of course what Bidstack (BIDS) should be doing is issuing a trading statement via RNS. Does it still expect to have 24 games live by December 31 as forecast by Peterhouse. Or to have FY revenues of £5.75 million (having managed £26,000 in H1) or to achieve FY losses of just £500,000 (having lost £1.5 million in H1). The answer of course is No, No and No which is why the company should be issuing a formal profits warning and if Nomad Mark Brady at SPARK was not such an utter poltroon he’d be forcing the issue. Instead Lyin’ James Draper has issued a trading statement on LinkedIn. My guess is that his nose is just that bit longer as a result.
1846 days ago
News last week that AIM diluter in Chief (and that’s saying something!) Charlie Wood of Northcote Energy/Mayan Energy/Attis Oil & Gas (AOGL) reincarnations has departed stage left at Attis brings to a close a quite unprecedented record of dilution on AIM. This individual raised more than £15 million over the last few years and, in the final analysis, produced the grand sum of just over £100,000 cash at the last set of interim results and a de minimis amount of oil from the company’s Texan oil fields. If ever there was an abject illustration of how AIM is run for the cosy cartel of Nomads, brokers, PR companies and inept management rather than shareholders this is it.
1850 days ago
In today’s podcast I look at the news for Neil Woodford dog Xeros (XSG) and what it says about the company, its new Nomad and Broker FinnCap (FCAP) and about the hapless auditors at Grant Thornton Leeds. Then with reference to the photo below it is questions, questions, questions for shameless share ramper Neill Ricketts and Versarien (VRS)
1852 days ago
This morning we discover that AIM listed jam tomorrow purveyor Tern (TERN) has again passed the hat around with a discounted placing raising £1.75 million at 11.15p. But it was only able to get a placing away at that price because of spurious rumours which the company and its advisors must have been aware of and which it did nothing to quosh. I have written to the Oxymorons at AIM Regulation and to the chocolate teapots at the FCA requesting an urgent investigation into the company, its Nomad Allenby and broker Whitman Howard. It is not as if Tern does not have form in this respect.
1856 days ago
But it does not. Its Nomad is Beaumont Cornish, run by Roland “Fatty” Cornish who only acts for companies that are the dregs of the AIM Cesspit. They can say what they want in an RNS, fatty will sign off on it before waddling off for a four course breakfast, luncheon or dinner. Bad companies use Fatty as he will sign off on anything. Good companies do not want investors assuming they are dodgy so use another Nomad. And that brings us to Vast.
1868 days ago
I have already written to AIM Regulation and the FCA about Bidstack PLC (BIDS) about the way its CEO James Draper materially misled investors in a podcast with Justin the Clown on August 8 2019 with regard to half calendar year results. I trust that action will be taken. But I now have cause to write again on the matter of the full year lack of profits warning the company should be issuing and is not. The letter follows.
Ref Bidstack PLC and a profits warning it is failing to issue
To AIM Regulation:
cc Mark Brady, Nomad at Spark
1870 days ago
Of course I only record this because I am in the pay of the Israeli and Russian Governments. Whatever. I start with the pathetic deadwood press and how Richard Jennings blows them off to his shame and my disgust. But this podcast is really all about Bidstack (BIDS). Its CEO lied to investors on August 8 as explain with more detail this time. Ther case is open and shut. Now the company needs to issue a formal lack of profits warning. Again that is not a matter poof debate as I explain, in case wretched Nomad Mark Brady of Spark is listening and wants to avoid getting into even more trouble after his August 8 failure. Finally I ask how soon it will need to place again?
1871 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…
1871 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.
1877 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:
1882 days ago
Last week I reported Brady PLC (BRY) and its Nomad to AIM Regulation and the FCA over material non disclosures. As a result, the former forced Brady to issue an RNS in which it came clean as to the horror of its financial position. Now it seems as if the latter is looking at my material and might just launch a formal investigation. The FCA has been in touch with its favourite investigative journalist and writes:
1882 days ago
Make no mistake, Brady (BRY) and its POS Nomad Cenkos were forced to issue an RNS at 2.42 PM Thursday by the regulators and they did so because of the exposes by me on this website culminating in THIS. I look at where next for Brady, whether its partial ‘fess is still giving us the whole truth, at the shocking behaviour of research analysts at Cenkos and at why both company and Nomad now need hefty fines and a public censure.
1882 days ago
Yesterday I revealed, HERE, the shocking way that Brady PLC (BRY) had withheld damaging price sensitive information from the AIM Market and investors, in part with the collusion of Nomad Cenkos. With the company now having to raise £3 million in just six weeks simply to meet November payroll but needing far more to be viable, it and Cenkos are still dissembling about the nature and scale of its problems. I have today written to AIM Regulation and the FCA asking for a formal investigation and to force Brady to come clean. The letter is below
1882 days ago
In the days before his Nomad ticked him off for his ludicrous tweets, Neill Ricketts of Versarien (VRS) would have been on twitter like a maniac 24 hours ahead of the AGM telling folks of all the good news in store. Well tomorrow, in a dingy side room at Gloucester Rugby Club the faithful will gather for an AGM where Neill has promised big news from China. But has he got any?
1892 days ago
We have written extensively on the various related party deals at Tom Cross fiefdom Parkmead (PMG) but belated companies house filings now allow us to follow the complete money trail and this stinks. I really cannot see how Nomad Arden can tolerate this unless, of course, it is morally bankrupt and only cares about getting another retainer.
1904 days ago
Yesterday AIM Casino listed Altitude (ALT) served up a very nasty lack of sales and profits warning relating to the six months to June 30th as Steve Moore described HERE. What absolutely stinks to high heaven are three share transactions made by founder and NED Martin Varley. Those trades would have had to be cleared by the board and the Nomad, hapless FinnCap, to whom I have written in today, copying in the regulators. There is another big issue that needs investigating too…
1911 days ago
Shares in ADM Energy (ADME) are almost certainly, more or less worthless, as Gary Newman explained here. Those who paid c20p at peak “Sheikh on the Make hype” for the shares must be spitting nails. The object of their anger should be Nomad Cairn Financial, of Cloudtag infamy, to whom I have written today cc’ing in AIM Regulation and the FCA. The letter follows.
ADM Energy: Investors Deceived and Possible Insider Dealing – request for formal investigations.
To Cairn Financial
cc: AIM Regulation & the FCA
1919 days ago
In today’s podcast i look more at the Sheikh on the make at ADM Energy (ADME) and the failure of Nomad Cairn of Cloudtag (CTAG) infamy. Just how big is that failure? Then a few words on Neil Woodford and finally I discuss the full extent of the possible regulatory horrors which follow on from today’s shocking breaking news on AIM “superstar” First Derivatives (FDP) . Update First now says the lawsuit that could have bankrupted it was withdrawn ( it has not said why) on Friday. That does not explain why there was no RNS on Wednesday.
1923 days ago
In today’s podcast I start with how Roger Lawson wants laws changed that will shut ShareProphets down and is using Burford (BUR) as his pretext. I look at how the AIM demise of Avanti (AVN) shows how wrong Lawson is and at lessons we can all learn. I cover Providence Resources (PVR) and its dirtbag fat cat boss Tony O’Reilly Jnr, at Cabot Energy (TOAST), Mysale (MYSL) – another mark of shame for Burford’s Nomad Macquarie and for Sir Philip Green – and at IMC Exploration (IMC) which is toxic.
1924 days ago
Burford (BUR) does not have to prove it is innocent of the Muddy Waters allegations bit the longer it opts NOT to give full disclosure the more suspicions will grow. And perhaps the Oxymorons at AIM Regulation or my friends at the FRC, who I have asked to look at the accounts, may force its hand. In that vein I have written to the Nomad, Jonny Allison at Macquarie asking him to force Burford to come clean. I have cc’d in the Oxymorons and the FRC. The letter is below
1924 days ago
A bit better, only 1 coughing fit in 25 minutes. Thanks for all your best wishes. In today’s podcast I discuss the threat of recession and what it means for your portfolio, a grilling for ‘Arry of Kefi (KEFI) for you to take part in, all things Burford (BUR) with references to Avanti (AVN) and Quindell (QPP) and why I’m writing to the Nomad and AIM Regulation this weekend and Corero (CNS) which is a true shocker in every respect. We did warn y’all!
1930 days ago
Yesterday AIM uber-ramp Versarien (VRS) was forced to issue a statement about a tweet posted by its boss Neill Ricketts the day before as a result of Thursday’s bearcast and an email I’d sent to regulators that day. But the response itself is nonsensical and raises the very real question of whether Ricketts sold shares in April while sitting on inside price sensitive information. I have thus sent another email to regulators at AIM Regulation (the Oxymorons) and to Bobbie Hilliam of Quindell infamy who acts as Nomad to Versarien at Canaccord.
1952 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.
1953 days ago
We warned you two days before the most recent profits warning from IQE that one was on the way, HERE, and when it arrived it meant that the company was a slam dunk cert to need a bailout placing. Today we discover that Canaccord has been axed as Nomad and replaced by Peel Hunt while Citigroup joins the party as co broker. This can only mean one thing, that bailout placing is imminent. So with the shares at 52.4p on Friday (and overvalued at that) at what price do you think the placing will be at? Vote below with a deadline of midnight tonight.
1961 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
After intense pressure from ShareProphets and from those who were signed up to take part in a £2.7 million placing at 5.2p and are threatening to pull out, disgraced David Sefton and Anglo African Oil & Gas (AAOG) have made a statement. But the turd Sefton has misled investors again. How is Nomad FinnCap putting its name to this? Does FinnCrap have no shame? As Sefton dissembles I have some new revelations below….
1985 days ago
In light of Saturday’s bombshell revelation HERE I have written to the Nomad of Versarien (VRS) suggesting a statement is needed pronto. The letter is below.
2017 days ago
On 2 May Management Resource Solutions (MRS) held an investor lie-fest at the offices of its uber expensive PR posh-tards FTI Consulting. It was recorded so hapless Nomad Arden has full access to what was said. I have already detailed, here, a stunning admission by boss John Zorbas which would have seen any normal Nomad resign on the spot. But there was more….
2022 days ago
I demonstrated clearly that AIM listed MySquar (MYSQ) was a fraud, founded and run by a lying fraudster Eric Schaer way before it finally folded. The great and the good at AIM Regulation and Nomad SP Angel did nothing about it despite explicit warnings Self important PR fucktard Piers Pottinger stayed on as chairman, standing by his man and ignoring me. PR spawn of Satan Damian McCrystal banked his cheques and carried on spinning. The fraudsters fave journalist (and ADVFN blogger of the year) Ben Harrington ran bogus stories in the Sunday Papers to get bailout placings away. No-one cared about the lies Schaer told. You guys are the establishment and it is far simpler to bank fat salaries and dismiss me as failed fund manager, pizza restaurant employee, yak, yak yak. Well gents you, 1% er bastards who are complicit in a transfer of welath from the many (shareholders) to the few (yourselves), please now read the Singapore Court Documents below branding Schaer a liar, a thief and a fraud. Read, weep and apologise to the Sheriff of AIM and to investors who have lost everything. You were all warned. You are complicit.
2022 days ago
China fraud specialist Paul Shackleton is trying to restore his soiled reputation and personal finances as head of the Nomad team at Arden. But this is proving hard given the activities of Arden client Management Resource Solutions (MRS). Over the weekend, thanks to Winnileaks, we exposed the biggest lie yet told by Management boss John Zorbas over the dodgy as hell related party nest of snakes £1.32 million acquisition of Alerion. In friendship, I have written to Mr Shackleton asking if Arden will quit as Nomad now and explaining exactly why they must. I have cc’d in AIM Regulation.
2022 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.
2046 days ago
If an AIM listed company lies to its Nomad and to the market the Nomad should quit on the spot. Thanks to Winnileaks we bring you an email exchange below which shows that Management Resource Solutions (MRS) told a monster lie this week. The end should be nigh. I have alerted the Nomad, AIM Regulation and the FCA.
2046 days ago
I record ahead of the arrival of the removals men. Grim North here we come! On the agenda today is Mayan Energy (MYN) where comrade Jennings of Align is getting a little ahead of himself and then the scandal of the day, Management Resource Solutions (MRS) where my work has been 100% vindicated as it admits – thanks to me – to the related party nest of snakes. But still, as shareholders try to out two leading snakes, the company and its pathetic Nomad Arden are behaving disgracefully. This insolvent piece of crap stinks and I explain why. Now as I crack on with assisting the removal men how about you join the roll call of heros HERE
2065 days ago
Yesterday I explained why Management Resource Solutions (MRS) was technically insolventand why its propsed £1.32 million all share purchase of drone start up Alerion was a joke that no respectable Nomad would have signed off on. But it gets worse and there is another massive question for hapless Nomad Arden to consider....
2066 days ago
Management Resource Solutions (MRS) has form when it comes to doing crackers deals to destroy shareholder value. Do you remember this one? (Carry on Dogging?) . Well now we have another corker. How Nomad Arden Partners signed off on the lastest crock defies belief. Management is buying fledgling drone operation Alerion for £1.32 million in shares at 5p. It is ‘avin’ a Turkish.
2080 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.
2091 days ago
In this bonus bearcast I comment on today's lack of profits warning from WH Ireland (WHI) and the bailout placing now underway which I had predicted. I look at WH Ireland and its woes but it is symptomatic of an industry in crisis. FinnCrap (FCAP) must warn sooner or later and most of the rest of the Nomad/brokers already have. What is needed is massive wage cuts across the board. Thankfully for supliers of coke and hookers, that will not happen which means a structural and cyclical crisis will claim more casualties soon. If you enjoyed this slating of the City's broken business model why not support the Rogue Bloggers for Woodlarks HERE.
2096 days ago
In this bearcast I comment on Bluejay Mining (JAY) although my main commentary on it is in a seperate podcast HERE, Metals Exploration (MTL), and Nostra Terra (NTOG). I also look at Ted Baker (TED), TekCapital (TEK) and Alien Mining (UFO) with its new Nomad, London's worst, Roland "Fatty" Cornish. If you enjoyed this podcast please support the EIGHT rogue bloggers for Woodlarks with a small donation HERE
2098 days ago
The fact that Mercantile Ports (MPL) is run by a crook and has misled investors on a serial basis over many years is not in doubt. Yet greedy City financiers, notably Nomad & broker Lagos Securities (CNK) continue to earn vast sums raising cash for this POS which claims to be making progress on building a new port in Bombay, India. The photos below demonstrate that is just plain horse.
2111 days ago
With every other Nomad/broker in town having issued a profits warning in the past few months it is only a matter of time before FinnCrap (FCAP) has to 'fess up to. But quite amazingly the shares still trade at their IPO price of 28p valuing FinnCrap at £47 million which today’s ShoreCap (SGR) purchase of rival Stockdale shows to be a joke.
2123 days ago
As I warned would happen yesterday, the sale of Telit’s (TCM) auto division to Hong Kong based TUS has again been delayed. We are now told that it won’t meet the 31 January (new) deadline but will happen on or before 20 February after the Chinese New Year. Whatever… the statement itself throws up an enormous red flag, how on earth Nomad FinnCrap (FCAP) signed off on this crap defies belief…it is almost as if it is only in it for the retainers and does not care about doing its job properly.
2129 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:
2145 days ago
In this bonus podcast, recorded at a Motorway service station, I look at the Anglo African Oil & Gas (AAOG) debacle and THREE massive failings by the Nomad and broker FinnCrap (FCAP). I raise questions about FinnCap it cannot answer but also show why this eiposde flags up the conflict of interest issue which is the cancer destroying the whole of AIM. The home truths will make uncomfortable listening for many.
2146 days ago
It is becoming like groundhog day at BlueJay Mining (JAY) and the oft trailed "offtake agreement" that never materialises... Originally touted in early 2017, nearly 2 years later and despite much promotion by disgraced share promoter Michael Walters and John Meyer, the shameless head of research at scumbag Nomad SP Angel, there seems little sign of one for BlueJay's investors.
2150 days ago
As I noted yesterday, London's second worst Nomad,, FinnCrap (FCAP), and Independent Oil & Gas (IOG) served up a wholly misleading response to my Thursday bombshell. Now for a detailed drill down on the maths to reveal the extent of that deception….
2152 days ago
Wakey wakey London’s second worst Nomad! Your client Independent Oil & Gas (IOG) could be about to crash land in tits up alley. A statement is needed NOW after the FCA swooped on its ultimate benefactor. What, you mean Finncap’s (FCAP) Nomad clowns didn’t realise? Jokers. Poltroons. Not fit for purpose.
2159 days ago
Last weekend we served up two stashes of documents HERE and HERE which made it clear that on a serial basis Frontera Resources (FRR) had either not informed its Nomad Cairn and the wider AIM Casino market of pertinent news or had, in some cases, simply lied to one and all. On Christmas Eve at 7.30 AIM Cairn quit as Nomad and the shares were suspended. That prompted the biggest lie of all.
2159 days ago
I have spent all weekend being abused on twitter by morons who own shares in Frontera Resources (FRR) - notably @keithcareth, check his feed he is insane - who insisted that I did not know what I was talking about, that the FCA was after me, etc etc etc. I await an apology as today – as was inevitable after our weekend revelations HERE and HERE – the Nomad, Cairn, has quit. The shares are suspended and here is why it is game over.
2164 days ago
The court filing below hangs Frontera (FRR) in its own words. It makes it clear that it is in default on the Outrider loans so is likely to lose all its assets. It also lays bare its failure to secure external funding throughout the past nine months and its now utterly parlous financial state. The shares should be suspended first thing Monday. If not they will utterly collapse. If you have ignored my repeated warnings and can sell Monday do so at any price. And this document may trigger another FCA investigation.
For it shows that Outrider can veto any new loans - surely that is something Frontera should have revealed when claiming it had a $60 million term sheet (i.e it had asked for a loan). Surely that non disclosure misled investors? How long can Nomad Cairn continue to act for Frontera? A resignation and share suspension surely cannot be ruled out in light of this latest bombshell.
2166 days ago
Hat tip to a reader in the Grim North for pointing out the latest work of fiction from London’s worst Nomad, the disgraced Roland “Fatty” Cornish, that is to say calendar 2017 accounts from his firm Beaumont Cornish Limited.
2179 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.
2185 days ago
Richard Jennings of Align Research has lost money on Mayan Energy (MYN) as have many others and he believes he has a strong case to try to reclaim that from ex CEO Eddie Gonzalez, director Charlie Wood and London's worst Nomad, Beaumont Cornish. He has today penned an open letter inviting other shareholders to join him. The, ever understated, Jennings writes:
2211 days ago
Oh dear. Oh Dear. I pointed out that MySquar (MYSQ) had lied and committed fraud numerous times – notably with the 31 July 2017 placing – but Nomad SP Angel was happy to turn a blind eye and bank its retainers. Marcus Stuttard and the keystone cops at AIM Regulation were given specific warnings but did nothing. Now the whole thing has blown up so who looks like a frigging clown now Marcus? Is it Tom Winnifrith, the real Sheriff of AIM, or Marcus Stuttard, a man who is meant to regulate but instead turns a blind eye to blatant fraud, a useless not fit for purpose fucking poltroon?
2214 days ago
Northland yesterday ‘fessed up that it would be surrendering its Nomad license on 1st February. If you think that this “surrender” is a voluntary act you are the sort of person Nigerian Generals dream of adding to their email list. So 28 clients need to find a new Nomad to take them on and complete due diligence PDQ as DD takes a while and the Christmas holidays beckon. No new Nomad and the companies below will be slung off AIM.
2217 days ago
Warning there is plenty of bad language in the podcast - perhaps do not play it in front of the kids. I start with an update on those bastards at Barclays (BARC) who I discussed yesterday. I then look at Victoria (VCP), Jim Mellon's Port Erin (PEBI), two SP Angel dogs MySquar (FRAUD) and BjueJay Mining (JAY) and have new and serious questions for the shamed Nomad to consider. I look at Frontera (FRR) and its looming bailout placing, at Ascent Resources (AST) and at Rainbow Rare Earths (RBW). I also discuss the market sell off commending a reader who notes both my genius and my modesty on this matter.
2223 days ago
The founder, until two weeks ago CEO,and sole plate spinner for the fraud MySquar (MYSQ) was Eric Schaer. We know that MySquar lied repeatedly to its mug investors and committed securities fraud so the fact that Schaer stands accused of another $8.5 million fraud is something disgraced ninth rate Nomad SP Angel should have advised us about via RNS. Natch it turned a blind eye. So how’s the case going and why does it matter to the poltroons who still own this stock.
2230 days ago
Disgraced Nomad SP Angel has clearly made enough money from acting for frauds like MySquar (MYSQ), and overlooking blatant criminal actions there, that it can afford to ride to the rescue of its weaker brethren. The word on the street is that Northland Securities is set to announce it has been bailed out by MySquar's nomad.
2237 days ago
Richard Jennings of Align is not letting go and has posted 5 questions for long suffering Mayan Energy (MYN) shareholders to put to Charlie Wood at the GM tomorrow before booting him off the board. He has raised these matters with Nomad Roland "Fatty" Cornish but London's most useless adviser thinks that it is not his job to keep companies in order. His job is to bank fat retainers from companies, let them do what they want and then to head out for a five course lunch every day. Great! More spotted dick with lashings of custard waiter! Anyhow, over to Jennings who writes:
2238 days ago
Earlier today we published the call by Richard Jennings to shareholders in Mayan (MYN) to oust CEO Charlie Wood at Thursday's GM. That was part 1. Thanks to Winnileaks we now have the letters Jennings sent to Wood with questions that he will not answer. His silence is damning and anyone attending the GM should push him on this matter. I have ensured that Mayan's useless Nomad Beaumont Cornish is aware of them and hope that it will force answers to be given and published. Prepare to be shocked....
2260 days ago
In the end the chaps at Nomad Cairn walked from Cloudtag (CTAG) when it was clear that it was a fraud run by liars. Frontera Resources (FRR) is a shit show run by liars and a fallout with death spiral provider Yorkville (YA) today could be the final straw for Cairn – might it resign leaving the (worthless) shares suspended? Or will Frontera just go bust?
2264 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.
2266 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.
2266 days ago
Below you will find shameless ramping on twitter from David Lenigas and also a link to BMD's take on the latest shameful RNS from UK Oil & Gas (UKOG) on the "Gatwick Gusher." The language used in the RNS is misleading and what is served up offers no evidence at all that the shares are not grotesquely over-valued. Only a sordid festering boil on the side of AIM such as Nomad Roland "fatty" Cornish could have signed off on this tripe. There is lso a clear signal of m ore discount placings ahead with the appointment of bucket shop spivs Novum as co-broker. that means just one thing. All is explained in this bonus bearcast as I look at the real data offered not the Leni-maths.
2276 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.
2276 days ago
I have already flagged up comments by those close to Atlantic Petroleum, which showed that in a desperate attempt to ramp its shares ahead of yet another bailout placing, Andalas (ADL) was over-egging the Badger Pudding. Now Atlantic has gone on the record in a way that exposes Andalas big time and surely Nomad Beaumont Cornish must now force Andalas to issue a correction and stop its misleading pre-placing ramping?
2285 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.
2292 days ago
Natch, shamed and disgraced Nomad SP Angel of Mysquar (MYSQ) infamy is still refusing to say whether it dumped shares in Bluejay Mining (JAY) while advising its poor clients to buy. But I cannot blame it, if it did dump because the £132.8 million market cap – at 15.25p – is frankly barking. In large part that is because the climate for mining in Greenland is just very hostile, something SP angel neglects to mention in its ramptastic research.
2296 days ago
There is one aspect of the latest commentary from Align Research regarding Alba (ALBA) and BlueJay (JAY with which I disagree strongly. Align argues that Alba must be cheap becuase it has similar assets to Bluejay and the Horse Hill stocks yet trades on a fraction of the ratings of Bluejay and the HH stocks. Surely it could just be that "the field" are grossly overvalued? Of Course I have very real issues with Bluejay and its shamed Nomad and broker SP Angel of MySquar infamy. But over to Align which opines:
2298 days ago
We have news today that Pathfinder Minerals (PFP) has a new Nomad and broker in Strand Hanson and two new directors in Simon Farrell and Scott Richardson Brown. The former becomes non exec chairman replacing disgraced Nick not for the many but for the Trew but, Trew remains on the board. This is not good enough. It is time to drain the swamp. And it can be done at once. Here's why.
2300 days ago
My patience with BlueJay Mining (JAY) and its Nomad and broker SP Angel is now wearing thin. Yesterday I explained how the two grotestquely misled investors with an RNS. I have emailed John Meyer at SP Angel today with a follow up question which he and his firm just seem unwilling to answer. It is a critical question and the silence is deafening.
2301 days ago
Bluejay (JAY) says it knows of no reason why its shares have fallen in the past couple of days. Sorry but that is 100% bollocks. It knows the reason, I tell you what it is and Bluejay's denial is a massive red flag. How did Nomad SP Angel - of MySquar infamy - sign off on this crap? I also look at Pantheon Resources (PANR) where the choice is dilution route A or dilution route B and at Imaginatik (IMTK). I know Vin Murria, of whose fan club I am the founder & life President, walks on stockmarket water but....
2304 days ago
I start this podcast by reflecting on my biggest investment mistakes of which selling some Optibiotix (OPTI) three years ago must be in the top ten. Stagging Argo Blockchain (ARB) hjas so far been a small mistake but I reflect on that too. Then I reflect on the bombshell by Nigel Somerville on BMR Group (BMR) which shows AIM Regulation not fit for purpose and opens up a mega scandal for WH Ireland (WHI). What happens next i ask, referring to good news on the claims against Cantor Fitzgerald re African Potash (AFPO)
2305 days ago
An RNS has to be signed off by a Nomad as fair and not misleading. UK Oil & Gas (UKOG) is sometimes forced to correct an RNS which it turns out was in fact misleading but there is at least some control. On twitter UK Oil & Gas says what it likes. So can you spot the difference?
2333 days ago
Only London’s worst Nomad, Roland “fatty” Cornish could have overseen the shambles at Angus Energy (ANGS) exposed earlier today HERE whereby its boss Jonathan Tidswell-Pretorious handed over all his 39 million shares as security on an (undisclosed) before signing paperwork only to find – with no money advanced – that 10.8 million had been flogged. But it gets better. Far better.
2336 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.
2357 days ago
Firstly, I detail my latest training humiliations here. To those bearcast readers who have sponsored my charity 32 mile walk I say thank you, to the 95% of you have not, please give a tenner HERE. In the podcast I look at Stratex (STI) where the wrong management is following the wrong strategy and which is a dog with fleas. I look at MySquar (MYSQ) where Nomad John Meyer of SP Angel needs to stop turning a blind eye and come clean - tell us about the Court case looming in Singapore John! I look at Andalas (ADL), defend Neil Ricketts of Versarien (VRS) over share sales and then have a long discussion on CyanConnode (CYAN) where I fear an OW is implicated in a looming cash crisis accompanied by the the stench of boardroom greed with grotesque rewards for failure. It is shocking stuff.
2367 days ago
In today's bearcast I celebrate six years of being a full time investigative writer not a crony capitalist. I take issue with Roger Lawson on the deadwood press and how the view me but agree partially with him on Inheritance Tax. I explain why there is a flood of Julie Meyer material and why it is justified. I look at Alfa Financial (ALFA) and its 1 year anniversary profits warning. I update on the African Potash (AFPO) class action against its Nomad Cantor Fitzgerald and how things are moving and why this could be my crowning achievement. Finally.. we are almost at £5,000. We are seeking to raise £20,000 for Woodlarks. that will be a game changer for a great charity. 95% of listeners have not donated. To those who have I say thank you. To the rest, I know you can afford a tenner. Please cough up now HERE
2373 days ago
On March 8 2018 I revealed how low life Nomad Northland had banked a fat fee for recommending that its client Eqtec ( EQT) take out death spiral financing from a proven fraudster. Worse still, the deal Northland thought fair was bound to destroy the share price as I explained at the time. Last week it got worse and the negligence of Northland is now almost criminal.
2374 days ago
Hooray. After this week's doorstepping and podcast special and the work back in Bristol this is a great day. I suspect it is game over and discuss the probable demise of Folli Follie. Never buy a stock on a PE of 1. Elsewhere I look at rumours concerning Nomad Northland, at Echo Energy (ECHO), the fraud MySquar (MYSQ), my letter to Julie Meyer HERE, Sound Energy (SOU), Westminster Group (WSG) - with its revolting chairman ex Tory MP Tony Baldry - and Frontera (FRR) and its latest pre placing ramp. Now come on chaps, if you enjoy bearcast - and I know 1000 of you do every day - please donate £10 NOW to the Woodlarks charity walk - HERE
2402 days ago
I start at the beginning which is the early career of Eric Schaer, the fraudster in chief, and end at the end which will be insolvency and, I hope, jail time for Eric and the gang. This is chapter and verse on why MySquar (MYSQ) is a 100% fraud and why the employees of Nomad SP Angel are gutless, morally bankrupt, crony capitalists for continuing to act for it. This is no holds barred material. Enjoy.
2410 days ago
Yesterday, Cynical Bear pointed out what a joke Xeros (XSG), a company trying to revolutionise the world of washing machines and another dog from the Woodford stable was becoming. The Nomad and broker is Jefferies but now you see how Chinese Walls operate.
2431 days ago
Bad language alert. The results are dire and demonstrate again the extent of the fraud that the useless wankers at AIM Regulation, Nomad SP Angel and the FCA are prepared to overlook. They show the extent of the lies told by CEO Eric Schaer. And they show a company that is running out of other people's money fast, facing a death spiral blizzard of share sales and where everyone involved deserves to burn in hell. With hard analysis of the numbers I explain all.
2434 days ago
What a great day. Telit (TCM) is under investigation by the FCA and Eqtec (ETQ) has really screwed up although why can't its PRs tell the truth for once and admit that its change of strategy was because I caught them all with their pants down and exposed them? This scandal begs real questions of Nomad Northland - hey chaps have you handed back the £75,000 yet? I also look at Optibiotix (OPTI) where last week's share purchase looks all the more prescient after news today. I look at Mosman Oil & Gas (MSMN) which is a dog whatever Zac Phillips is paid to say. I comment on Quartix (QTX) - insider dealing or bad luck? I comment on cash strapped SalVarx (SALV) - time for Jim Mellon to get his wallet out again methinks. And I look at Quadrise (QFI) where a placing looks inevitable after today's debacle.
2440 days ago
FinnCap likes to tell us that it is one of London's leading Nomad's. Okay lets overlook the Silverdell scandal where it insisted that it did nothing wrong as the company misled investors who then lost all their money but how about Constellation Healthcare? This may be off your radar as this company delisted from AIM in January 2017. But this is a massive scandal.
2453 days ago
I realise that the crony capitalists round at Nomad Northland have a few things on their mind, such as who will pay the wages this month, but how on earth can they have signed off on the worst death spiral deal I have ever seen where the counter-party is a man who the SEC nailed for "defrauding investors." I despair.
2454 days ago
Today's death spiral funding for MySquar (MYSQ) is bad enough as I explained HERE. But now let's look at who is providing that funding - I'll tell you who: proven liars. Natch Nomad SP Angel should have flagged this up but since it is prepared to overlook brazen securities fraud as long as it banks another retainer for the coke & hookers fund, we know that it is morally bankrupt. Anyhow back to the liars now in business with the holocaust denying fraudsters of MySquar.
2455 days ago
So broker Beaufort is brown bread. But the fallout from its demise may only just be starting. Take a butchers at its last set of accounts (below) - note11 and, if you are an employee of Nomad Northland, start sweating...
2456 days ago
Over the weekend the extraordinary tweet below was sent by UK Oil & Gas (UKOG). Was it approved by its poltroon of a Nomad James Joyce of WH Ireland? Methinks not. In light of its content a responsible Nomad would be resigning or at the least forcing a statement. But not this one.
2464 days ago
It does seem like this is dragging on but the class action group of shareholders in what was AIM listed African Potash (AFPO) seeking compensation from Nomad Cantor Fitzgerald for allowing untrue RNS statements to be issued, seem on the verge of actinn.
2467 days ago
"I am tomorrow, or some future day, what I establish today. I am today what I established yesterday or some previous day." So said the great Irish author James Joyce. But the question for lackey Nomad James Joyce at WH Ireland is whether his client UK Oil & Gas (UKOG) has a tomorrow, has a future day at all? A statement is needed now to clarify the financial position of his client.
2469 days ago
"CEO Gidon Tahan, ex broker Beaufort Securities, Auditors Hays Macintyre, PR himbo Christian Taylor Wilkinson, lacky Nomad Nick Athanas of Allenby, financiers Yorkville, the Bulletin Board Morons we have beaten them all, we have beaten them all!). Servision, can you hear me? Servision ... your boys took a hell of a beating! Your boys took a hell of a beating!"
2474 days ago
Mayan Energy (MYN) has not had a placing since it raised £2 million gross at 0.6p in mid November. Circa £1.5 million of that went out of the door at once on commission and an acquisition so the tank must be running kind of dry by now. Hence Align being paid to initiate (bullish) research and seven ramptastic releases in less than three months. Today's is shocking and Nomad Roland "Fatty" Cornish, London's most useless Corporate adviser, should be hung drawn and quartered for signing off on it.
2510 days ago
The Nomad is Roland "Fatty" Corniush, the most incompetent financial adviser in the known universe so, on that basis, Clem Chambers blockspoof Online Blockchain (OBC) must feel under no obligation to tell the truth as it places £1 million at 100p. This is the stuff of peak bull market insanity.
2517 days ago
In today's podcast I spend a lot of time looking at Pantheon Resources (PANR) - when is the next bailout placing? I make wider observations about this sector. There is then a direct challenge to Mileestone (MSG) about Lyin' Larry and to its Nomad Cairn Financial. I then look at Mila (MILA) and MySquar (MYSQ) commenting on how some AIM CEO's groom BBMs like peadophiles groom their victims. Sam Antar has made the same analogy . It is all about gaining trust.
2517 days ago
Finally the Nomad to the China promote created by all round spiv Darren Mercer has had enough - Strand Hanson has quit with effect from January 9 and if no replacement is found by February 9, BNN Technology (BNN) will be booted off the casino.
2545 days ago
UK Oil & Gas (UKOG) has announced that another £500,000 of death spiral loan has been converted into shares, 14,159,092 of them. But hang on, this does not add up. UK Oil & Gas and its patsy Nomad WH Ireland (WHI) are not telling you something.
2549 days ago
After three profits warnings since August 7 and the forced departure of its founder and CEO, the Boston fraudster, Uzi Katz, Telit (TCM) is still not coming clean with us. Part of the blame for that must lie with its morally bankrupt Nomad FinnCap. And so I have 10 questions for it and offer up my probable answers since Telit does not do transparency.
2564 days ago
Ramptastic - if not entirely transparent RNS releases, Bulletin Board and twitter ramping by all the usual suspects with ludicrous price targets, no cash. What on earth did you expect was going to happen next at perennial uber dog Mayan Energy (MYN)? As those who were paying up to 0.9p at peak ramp just a few days ago contemplate how they were used to get away a £2 million placing at 0.6p they should have very serious questions for London's worst Nomad Roland Fatty Cornish who has signed off in recent ramptastic releases. Enter the fray Zac "The Knife" Phillips of SP Angel, the City's top oil analyst who has 14 questions that a Nomad with a shred of integrity and competence would have asked before allowing the releases. Over to The Knife who writes:
2585 days ago
Shares in On Line (ONL) are - as I record - up c350%. Is this peak blockchain insanity or is Clem Chambers simply the greatest spoofer in the history of mankind? What happens next is the big question. Then I look at murky share dealings in Mkango Resources (MKA) by market abuser and serial fantasist Chris Oil. Does he not care about TR1 rules at all? Then it is onto Lombard Risk Management (LRM) where I have 2 more questions about its overdraft but a very big question about how the silky words of Phil "InterX" Crawford on July 19 tally with the utterly shite H1 results. Does Nomad Finncap of Telit (TCM) infamy care? I suspect it does not. I look again at BCA Marketplace (BCA) - THE BIG SHORT - in light of recent macro data. It remains a stupendous short. I look at management greed and an impending placing to fund that at Arian Silver (AGQ) and then at the dire interims from System1 (SYS1) and profits alert from Attraqt (ATQT). It is the former which remains a stonking sell even after today's share price collapse. And I have a question or two for AIM dog Advanced Oncotherapy (AVO)
2591 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
2592 days ago
It is clear that Nomad SP Angel does not care if its client MySquar (MYSQ) issues lies via RNS and it has not bothered to ask the one question that would show very clearly the Securities fraud committed by its client on July 31. It is a sorry state of affairs and I shall be writing to AIM Regulation and to the chairman of the LSE later to ask that SP Angel's license be revoked as it is clearly not fit and proper to run a public lavatory let alone be a Nomad. But now for John Meyer and his fellow dullards at SP Angel here is how your client defrauded investors.
2593 days ago
The LSE Asylum recent hosted an evening for its moronic readers at which MySquar (MYSQ) presented. Afterwards its CEO was interviewed. Natch PROVEN RNS LIAR Erik Schaer told at least one whopping lie ( sales in the Quarter ending September 30th were NOT 400% up on the prior year). Natch the interviewer did not ask Erik about the securities fraud or the fact that MySquar was running out of money. Instead he was allowed to LIE that the last funding was to be used "for acquisitions and investments". Nothing to do with keeping the lights on as it burns cash then. Puke. Keep selling - target price 0p. How on earth can Nomad SP Angel stand for this nonsense and ask us to take it remotely seriously?
2594 days ago
Oh dear, oh dear. This is pretty simple maths although clearly beyond the wit of clueless Nomad SP Angel but in this podcast I demonstrate clearly another slam dunk lie in the MySquar (MYSQ) trading statement of last week and corrected version of this week. Time for another correction? But it gets worse. I remind you of what SP Angel needs to establish to show that MySquar only breached AIM Rules rather than committing wholesale fraud (ref July sales) but now suggest that its claims re September comparatives might bear scrutiny as well. And there are some very fishy rumours coming out of Singapore that SP Angel might consider as it decides whether to quit or not. I move on to cover Paternoster Resources (PRS) after its latest bad news and explain why its NAV is illusory and then ask readers for help in outing which oil & gas stock Cornhill is raising $15 million for today at a discount of 12% to some share price or another.
2595 days ago
What on earth is clueless Nomad SP Angel thinking? Its client MySquar (MYSQ) last week issued a (lack of) profits warning which means that it has either committed securities fraud or merely a massive breach of AIM Rule 11. Investors need to know what its sales were in July (as opposed to the July-September average given) in order to know how bad this will be. I have pressed SP Angel to force a statement and indeed the retained broker Beaufort has - to its enormous credit - also pressed but instead...
2598 days ago
I have written a letter to Nomad SP Angel, broker Beaufort Securities and the oxymorons at AIM Regulation re shamed MySquar (MYSQ). Has it committed a massive breach of AIM Rules or Securities fraud or both and will anyone do anything about it. The letter follows:
2598 days ago
At 5.45 PM yesterday Denzil Jenkins of the AIM Regulation team called Nomad ZAI. No-one answered so he left a message on its answerphone informing the Nomad that it was to lose its Nomad status at 6 PM that day and that its clients would be contracted at that time with the news. Jenkins followed this up with an email saying that ZAI could appeal but when you are going to lose all your clients what is the point? In fact the events of yesterday are just part of a story which shows AIM in a terrible light as a secretive and oppressive body covering its own failings with scapegoating and showing no regard for natural justice or any sense of fairness.
2607 days ago
2624 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.
2624 days ago
Nigel Somerville asked yesterday why Nyota (NYO) had not been booted off AIM having lost the services of its Nomad, Roland "fatty" Cornish. There has been no RNS so far but here is what is happening.
2627 days ago
Graphite play Directa Plus (DCTA) was not one of the better new issues of 2016. Nomad and broker Cantor Fitzerald earned a good few shekels raising it £12.8 million at 75p in May 2016. The shares roofed it to 200p but the crashed to 32p by early August this year. At that point Cantor's decided to earn its shekels as retained broker with analyst William Game (pictured below) upgrading his stance from corporate "hold" to "buy". Paid for rampers Proactive reports:
2628 days ago
The whistelblower who assisted me in exposing the fraudulent statements made by lyin' Chris Cleverley and African Potash (AFPO) and signed off with no attempt to verify by Stewart Dickson at nomad Cantor Fitzgerald has now assisted those investors who want their money back. Praise be the Lord, Cantor is in the merde.
2657 days ago
On the morning of 15 August 2017 Sam Smith the curvaceous founder and CEO of Nomad FinnCap sent an email to all her crony capitalist pals across the City boasting about her new bestest friends. That was a mistake methinks. This is all a tad embarrassing as you can see below.
2660 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:
2660 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
By now the newly appointed Nomad to Telit Communications (TCM) that is to say FinnCap will be very much aware of the confusion about its CEO Oozi Cats whose real name is Uzi Katz and his Mrs, Ruth Veronique, and a couple of fellow Israelis with the same names and birthdays who took flight/skipped bail to avoid facing trial for real estate fraud in Boston in 1991. Natch this is all a big coincidence.
2665 days ago
Having been appointed as Nomad and broker to the highest profile AIM company of the week, Telit Communications (TCM) at 7.01 AM yesterday, Mr Stuart Andrews & Mr Richard Chambers of Finncap and their colleagues must be shitting briicks following today's quite stunning revelations earlier about Mr Oozi Cats/Uzi Katz, his Mrs Ruth and events in Boston 25 years ago. Or maybe it is just another couple holding Israeli passports with the same names and birthdays who were involved in multiple frauds?
2667 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....
2667 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.
2674 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 and HERE and HERE Now for letter six 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."
2678 days ago
This has massive implications for the AIM Casino. We saw last week that the London Stock Exchange was washing its hands of tackling Nomads who sign off on frauds and so allow investors to lose all their cash to shysters. Now the private sector moves in. I can reveal today that Cantor Fitzgerald will be sued by investors who lost money on the African Potash (AFPO) fraud because it was negligent in signing off on fraudulent releases. If this case wins the floodgates are open...
2682 days ago
Last week the Nomad and broker to Nyota Minerals (NYO) announced that they were quitting as of August 17. As I have exposed HERE and HERE the advisers have behaved disgracefully and if there was any justice they would be facing sanction. But I fear that it is Nyota that will suffer.
2684 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.
2690 days ago
Every AIM company must have a Nominated Adviser, a NOMAD, to retain its listing. A Nomad is an FCA regulated financial adviser which charges an arm and a leg as a retainer to ensure that every RNS issued is 1005 accurate and that the company also complies with all the other AIM Rules. Not, as the LSE has made clear, that there is any downside in breaking all the rules or telling outright lies. That brings us to UK Oil & Gas (UKOG).
2698 days ago
The Mrs goes back to work tomorrow after her maternity leave. So as of Friday i am dealing with nappy shit not AIM shit as my primary job. But Bearcast will return every day in September. Today the Mrs is out with Joshua so I am bored and have a lot to say. I start with MichaelMouse an ADVFN Bulletin Board moron committing market abuse as he shows he understands nothing - he really is a Mickey Mouse figure.. I have harsh words about Telit (TCM) and TrakM8 (TRAK) in that section. Then it is onto what "Strategic Review" means in plain English, ref Entu (ENTU). Finally to the meat of the podcast covering Mercantile Ports & Logistics (MPL), its fellow FRAUD Redcentric (RCN) and the worthless crap Magnolia (MAGP) and what it says about AIM and the failed Nomad system that Messrs Gandhi, Fisher and not so lovely Rita have not been fired. Warning: this bearcast contains some strong language and phrases of a sexual nature.
2699 days ago
We all have nicknames for companies and they usually imply something about how we feel about them. So for me Quindell (QPP) will always be Quenron for reasons that should be obvious. So how does Nomad Strand Hanson feel about its client Nostra Terra Oil & Gas (NTOG)? The hint is perhaps in the image below taken from Strand's latest corporate brochure boasting of recent deals that it has completed....
2700 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.
2700 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.
2714 days ago
As I had suggested might happen several times, Nomad Stifel has resigned the Fusionex (FXI) account. It could not wait for the AIM delisting on the 26th. Instead it gave notice after hours yesterday that it was quitting as Nomad and Broker with effect from 5PM today. Hooray.Game over.
2719 days ago
Surprise surprise shareholders in Fusionex (FXI) voted to delist the shares from AIM. Management and stooges had the vote sown up anyway so won 85% to 15%. The shares will cease trading on 26 June. CEO Ivan Teh must have really pissed off the owners of 5.4 million shares who voted against.
2719 days ago
Servision (SEV) the AIM listed POS has today slipped out a horrible calendar 2016 profits warning but the fact that it has waited five and a half months to do so is surely market abuse. AIM Regulations state that price sensitive information must be anounced as soon as it is known. How on earth can the company's hapless Nomad, Allenby, tolerate this state of play? Or does it not care as long as it is paid?
2732 days ago
The case for suing Nomad Cantor Fitzgerald over the African Potash (AFPO) fraud builds. It may be that CEO Lyin Chris Cleverley is also sued by shareholders who lost out although it is suspected that he has little in the way of assets so it may be worth sticking with Cantor. The man running the case Peter Petyt has just sent the following update with intriguing new information:
2773 days ago
Nomad Cenkos was repeatedly warned by myself and others about the fraud at Quindell (QPP). It banked fees of more than £12 million and did nothing to stop the wrongdoing. In doing so it brought AIM into massive disrepute. Now there is evidence that it is turning a blind eye to horrific red flags at Mercantile Ports & Logistics, which at 8.5p is capitalised at £32 million. My target price is 0p but what the hell is Cenkos playing at? I break my break to deal with the errant Nomad - I have a score to settle here since some of the money it raised for the Quenron fraud was used to harass me with fascist lawyers letters..
2799 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.
2807 days ago
Four days before Christmas I revealed that after Teathers Financial (TEA), the next venture of Jason Drummond, Gametech, was planning a listing on NEX Markets c/o London's worst financial adviser/Nomad Mr Roland "Fatty" Cornish. Wind forward and the Court filing below suggests that it is on the brink of bankruptcy. But is all it seems?
2808 days ago
The roll call of shame on today's RNS from Stellar Diamonds: Nomad Cairn Financial (Emma Earl, that name rings a bell), Broker Beaufort Securities (Jon Bellis), joint broker Peterhouse Corporate Finance (Martin Lampshire), Financial Advisers Mirabaud (Rory Scott), Pr St Brides ( Lottie Brocklehurst). The headline is "709 Carat Diamond Discovered in Sierra Leone." Fuck me: where do I buy Stellar shares? These guys have just discovered the 13th biggest diamond in the country's history. Fuck me again - where is my fucking stockbroker? Oh er hang on...
2808 days ago
In 11 days time if no Nomad is prepared to act for the fraud Cloudtag (CTAG), that is to say to sign off on the lies it likes to tell investors, its shares - now suspended - will be booted off AIM. Unable to raise cash it will go bust. Just to placate the fools who ignored countless warnings and are trapped in this stock and to amuse the rest of us it has today made an announcement. It is horeshite natch and I offer a translation service in bold.
2819 days ago
AIM listed Eden Research (EDEN) has been engaging on fraudulent deals with related party company Terpenetech for six years now. The first deal was a sale which Eden booked but Terpenetech never paid for. Who cares, Eden kept that debt as a current asset for 5 years. Sure the auditors should have kicked up a fuss, the Nomad should have objected but this is AIM who cares about fraud! Of course the far bigger £600,000 fraud waited until August 2015. It was a panama pump classic as you can see here - but this is AIM and Nomad & broker ShoreCap wanted to earn big commission do a placing so everyone again turned a blind eye. But now the cover up is falling apart.
2829 days ago
I know some folks want to blame others if they have lost money on the Cloudtag (CTAG) fraud. Well it is fair to hold some to account and make adverse comments and some folks should be doing a perp walk. But ultimately we are all accountable for our own trades whether winners or losers. Moving on this debacle has raised issues which call for two MASSIVE changes to the AIM Rule book: the announcement of Nomad departures and the disclosure or banning of placings based on T+ trades. PS Does anyone have an address for Cloudtag ramper David Greece. Please post in the comments section below in case I get bored and find myself in his locality.
2829 days ago
Cloudtag (CTAG) the fraudulent AIM Company which has repeatedly raised money by telling lies to investors says that with Cairn Financial no longer prepared to sign off on its lies it is in advanced discussions about finding a replacement to avoid its shares being suspended on April 10. Really? Who do you think is so morally or financially bankrupt that they will sign off on lies for a fraudster. I am now starting a poll, if any of the Nomads's below want to deny that they are morally bankrupt and will not take on this work I will update the article. Vote now, deadline midnight Sunday 26 February. Update 1. It is not Allenby.
2829 days ago
In the main bearcast today I touch on the Cloudtag (CTAG) fraud but that is really covered in its own bearcast HERE. I do look at RapidCloud which was suspended today and will lose its AIM listing in a month. Who warned you that this would face a "terminal conclusion" 149 days ago? Was it PR wankers Walbrook or Nomad WH Ireland or savants on the LSE Asylum? Er no, it was me HERE. I then look at Challenger (CHAL) a zero in waiting, Iofina (IOF) and IGAS (IGAS) both of which should also be zeros. I commend today's excellent piece from Nigel, the Deputy Sheriff of AIM, on the Servision (SEV) scandal HERE. I take Nomad Allenby to task for failing to comment on this and for allowing Servision to mislead mug punters. AGAIN. Finally I take apart overvalued ramp Wey Education (WEY). Its shares are up 33% today. That is a ramp not a reflection of value.
2829 days ago
It has today been announced that Nomad Cairn will cease to act for AIM listed (pro tem) FRAUD Cloudtag (CTAG) on April 10 at which point the shares will be suspended if no other Nomad is prepared to agree to sign off on lies issued via RNS. The shares have crashed to 2.75p to sell which means that those clients of Novum Securities who were stuffed into a placing at 3.75p THIS MORNING must be well pissed. But fear not... I have a shocking revelation that gets them off the hook.
2829 days ago
I had brought the bottle below back from Greece for my father. But I know he will understand. It is a very large celebratory ouzo for breakfast as the AIM fraud of the year Cloudtag (CTAG) has fessed up - its hapless Nomad Cairn has finally had enough of signing off on lies and has quit. It gets worse and it is going to get worse still. Bulletin Board Morons and Aidan Earley who smeared and attacked The Sheriff of AIM for repeatedly calling this out as a fraud line up and apologise now you bastards!
2838 days ago
The ouzo refers to the latest crushing blow for snakeoil salesman Darren Winters. This man has claimed to have fleeced, sorry trained, 500,000 Britons yet still the deadwood press fail to report on our takedown of the charlatan. Pathetic. The bathtime refers to the CEO of Tracsis (TRCS) who claims to listen to bearcast in his bath. I comment on today's trading update. Then it is onto China fraud Jiasen (JSI) and its latest bollocks news signed off by low life Nomad Cairn Financial. And then after an en passant look at Polemos (PLMO) I take a very detailed look at Blenheim Natural Resources (BNR) which is overvalued hype with a bushel of red flags thrown in for good measure. I advise my pal Big Dave Lenigas to take profits and sell and others to do likewise.
2847 days ago
Oh dear. Oh dear. London's most clownish lawyers at Fladgate who, we hope, are being investigated by the SRA for spreading malicious falsehoods in order to shut this website down will not like this but Winnileaks has obtained an explosive new document sent to the board of Management Resource Solutions (MRS) on Sunday and also to its Nomad Little Willy VanDyk at Northland. It accuses MRS boss Murray D'Almeida of lying and of fraudulent activities. It also details covert negotiations involving broker Peterhouse where the board appear to have ratted on an agreed deal. Kerboom: Winnileaks scores again, over to you Peter Reynolds at Fladgate, you fascist and unprincipled clown, for a response...
2848 days ago
Oh dear, Oh dear, the Winnileaks service has already served up one horror for Murray D'Almeida of Beacon Hill Infamy but, pro tem, chairman of Management Resource Solutions (MRS) HERE. I think he should quit. D'Almeida has responded with a fascist lawyers letter which is based on another big fat lie - HERE. Oh well Murray, you keep racking up the fees with your clownish lawyer - Winnileaks today serves up an even bigger shocker for you. Go! Resign now you bastard!
2852 days ago
If Management Resource Solutions (MRS) chairman Murray d'Almeida was not a prize shit clinging onto a £1250 per day package and viewing shareholders with an undeserved contempt he would have quit on Tuesday this week after shocking Winnileaks revelations HERE. But he has not as he is a turd. And Nomad Northland appears to be staffed by gutless, morally bankrupt mothers so it will not force him out. However, there is a GM on its way. I do not always agree with Richard Jennings of Align Research ( except on being a Hellenophile and an ailurophile) but on this matter he is bang on. Jennings explains clearly how to vote and I urge all shareholders to do just that. He writes:
2857 days ago
If I sound more like my father that is a good thing for he is honest and precise in his use of language, although he would not use some of the "french phrases" which occur in this podcast. I discuss the use of language and how wording has an exact meaning - this is in relation to Coral Products (CRU) which needs to clarify something. I do not think it is a fraud and it can easily blame its useless Nomad Cairn. After what it has signed off for Cloudtag (CTAG) few will fail to accept such an excuse. I then move onto deliberate lying by AIM Companies which is actually quite rare. Gross over-promotion is quite common. I explain the difference. Cloudtag and Advanced Oncotherapy (AVO) are mentioned in detail in this section. In discussing what is a fact I refer to my article of yesterday on Holocaust Memorial Day which is HERE
2858 days ago
Coral Products (CRU) served up its interim results on December 8 with a bullish statement on the rest of the year. Today we are told that "a poor trading performance at its Coral Products Mouldings Limited subsidiary during November and December 2016 group profitability for the year ending 30 April 2017 is likely to be materially below management's and market expectations." WTF - how on earth was the December 8 statement not massively misleading? is that down to a deliberate wish to mislead or just incredibly bad internal financial controls?
2875 days ago
The fraud African Potash (AFPO) has been formally booted off AIM today as no Nomad is prepared to act for it. It is a day of shame for lyin Chris Cleverley the CEO and his senior NED Lord Peter Hain of sleaze. The shares are now only listed in the joke lobster pot that is NEX Markets, it is almost impossible to sell in any size and even harder to raise cash as a company. So Potash will soon go bust. At the weekend I explained the very odd timeline of seven days in September that lead up to the last Nomad, Cantor Fitzgerald, quitting. Now look at lyin' Chris's words since.
2876 days ago
Hapless Nomad Cairn has so far refused to resign as adviser to the AIM fraud Cloudtag (CTAG) despite incontrovertible evidence of house it has misled investors with RNS statements that are outright lies throughout 2016 and in doing so has committed blatant securities fraud. Today's shock video from CES where an Onitor spokesman admits that there is no release date yet is surely the straw that breaks the camel's back in that it directly exposes as a lie every statement made in November & December about 2016 sales that was used to get away a £4.1 million death spiral fund raise. I have written to Tony Rawlinson & Liam Murray at Cairn and cc'd in that useless poltroon Marcus Stuttard, head of the oxymorons at AIM Regulation demanding a statement and action.
2878 days ago
No-one could accuse United Cacao (CHOC) of hanging around when it came to staging its own fatal car crash. December 22nd to January 4th was all it needed to go all the way.
Yesterday at 4.10 PM Nomad Strand Hanson quit with immediate effect. The shares are suspended and it must be game over. First, a reminder of back to mid December when the shares were 115p.
2883 days ago
I start by looking at the RNS releases from Friday, the LSE really must change its rules. Then it is on to AIM - how many companies will be there at the end of 2017 and is the Nomad system just viable any more? In this section I look at Cloudtag, Quindell, African Potash and Globo among others. then I have a couple of New Year's Resolutions and I wish you all a happy New Year's Eve and prosperous 2017.
2883 days ago
Now Eden Research (EDEN) is forced to break accounting rules and lie in its interim results RNS to cover up the Terpenetech panama pump fraud. Will commission hungry Nomad and broker Shore Cap force a clarification or even do the decent thing and resign and turn whistleblower. Whaddya think with another bailout placing looming. Commission yum yum. back to the rule breach and the lie...
2892 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.
2892 days ago
It seems like an eternity of lies ago but the EGM of AIM fraud Cloudtag (CTAG) was in fact just 11 days ago and at that meeting shareholders approved two motions relating to share issuance that allowed the L1 death spiral to go ahead. But they were lied to.
2893 days ago
And so today we have another revelation, this time from Nigel, showing how the rotters at Cloudtag (CTAG) have once again lied to investors in an RNS. I say once again because we have now lost track of the number of times this has happened. And the lies have been told with deliberate purpose: to pump the share price to allow both insiders and those backing placing after placing to dump stock at inflated prices. This is fraud. Yet Nomad Cairn continues to sign off on these lies issued via RNS, to tolerate CEO Amit lying in podcasts and videos to ramp the shares. So I have written once again to Cairn and cc'd in AIM Regulation
2893 days ago
In an article earlier today by Nigel Somerville, we raised the question of how and when Cloudtag (CTAG) incurred £50,000 of costs on the issue of the first part of Tranche 2 of the L1 loan notes and whether it was an additional fees levied for the restructuring the L1 Loan notes. Since this fraud and its hapless Nomad Cairn have not been forced to put out a statement clarifying prior deceptions for five whole days, I fear its time for another one. You see...
2894 days ago
It is an open secret in the City that Cairn Financial will, at some stage, cease to act as Nomad for Cloudtag (CTAG). And given that the AIM listed company has lied to investors on a serial basis and also committed securities fraud no other Nomad will take this account on. As such, when Cairn quits, the shares will be suspended and a month later booted off AIM. That will preclude any more fund raisings and so will mean shareholders lose everything as the company goes bust. This situation is unfair on investors and so I have written to Cairn. That is because I am just a nice guy.
2898 days ago
Nomad Cairn has not resigned as adviser to Cloudtag (CTAG) even though it has lied to investors on a serial basis and committed Securities fraud. Cairn's reputation is thus in tatters. It thus begs the question of how any of its other clients are frauds, how many are simply not investment grade material and how many of the few good clients will want to be associated with the disgraced Nomad for much longer as it will not help their share prices to be linked to this rotten, stinking adviser. The clients are listed below by AIM or ISDX category.
2898 days ago
Now for the drill down in detail on the horseshite served up by liars and fraudsters Cloudtag (CTAG) and morally bankrupt Nomad Cairn in yesterday's disgraceful RNS - the overall take is HERE. Let us now look at the new distributor in the UK and Europe Nemesis. It will work alongside Second Chance which used to have an exclusive deal and was guaranteeing 2016 sales of $5.2 million, It has delivered nil. So will Nemesis do any better?
2898 days ago
In this podcast I revisit the vexed subject of Xtract Resources (XTR) which begs the question of when exactly I should sack Gary Newman and Steve Moore. Having seen a Christmas Carol last night I am inspired by my hero Scrooge, that is to say before he got all soppy, Guardian reading and pathetic in his old age. I also comment on Management Consulting (MMC) before returning at length to Cloudtag (CTAG). This time I play the ghost of Christmases yet to come with a warning for hapless Nomad Cairn. I also comment on Sula (SULA) with whom I met up yesterday.
2898 days ago
It is now 11 days since I published details of leaked emails which showed that AIM scumbag Advanced Oncotherapy had withheld awful trading news from investors as the company launched an open offer. That is clearly securities fraud. Almost as bad, the emails showed that the timelines the company had held out to both customers in China and investors in London for product delivery were just fantasy. And that is why customers walked. Heads should have rolled. Hapless Nomad Stockdale should have forced a statement. And having told its house broker (Beaufort) that a much needed refinancing would happen by the year end, we need an update on that too. Instead...
2898 days ago
Cloudtag (CTAG) lied not once but twice by RNS last week so it repeatedly lied to investors. Either Nomad Cairn was in on the lies (plural) in which case it should lose its license or it too was lied too in which case it must resign. For the avoidance of doubt Cloudtag are liars and its CEO Amit Ben Haim signed off on the release. So he is a liar too. I invite both to sue me for libel and if Cairn won't quit it is then complicit in the lying so it can sue me too. Over to you liars... On Wednesday 7th Cloudtag Inc issued the following lie via an RNS titled “Movement in Share Price”
2898 days ago
The share options which were in force when Cloudtag (CTAG) was admitted to AIM in March 2013 contained certain vesting conditions. These included a product launch date of 20 March 2014 plus other specified criteria including turnover exceeding £750,000 in a month! and a specified share price being exceeded for a five day period starting at 40 pence and increasing to 60 pence.
2899 days ago
In the greater scheme of the litany of financial crimes committed by Cloudtag (CTAG) you may well regard this as small beer. Sure. But it is a clear breach of AIM Rules and yet another thing for hapless Nomad Cairn to address if it has not decided that it has had enough of putting its (increasingly less good) name to outright lies, and resigned. So what is AIM Rule 26 and why has Cloudtag broken it?
2901 days ago
Cloudtag (CTAG) has released an after hours RNS. It beggars belief that Nomad Cairn has signed off on this shite, More lies to compound earlier lies but also an admission of more breaches of AIM Rules and that 2016 sales will be zero, contrary to earlier lies. It is all utter horseshite and in this special podcast I take apart this statement bit by bit. It is a bad day for AIM. Cairn you should be ashamed and is beneath contempt. Cloudtag has lied and committed fraud and its shares are a sell with a 0p target.
2906 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?
2909 days ago
Shares in the fraud African Potash (AFPO) made their debut on the ISDX lobster pot today and for some reason have surged on AIM. This is a dead cat bounce. Tomorrow they will be suspended on AIM and a month later booted off the Casino because no Nomad will act for this company - Cantors having given notice on September 7. The reason that no Nomad will act - despite promises from lyin' Chris Cleverley in a recent RNS that he was confident one would - is that Potash issues lies via RNS to get placings away. Thus it is a fraud.
2910 days ago
Staff at Cloudtag's (CTAG) hapless Nomad (Cairn Financial) must be going bonkers. My friend Liam Murray does not have much hair but he must be tearing out the little that he does have. A CEO who communicates not only via RNS statements that are totally untrue but also via private emails to members of a shareholder base from Bedlam who will at 2+2 to make 27 is a toxic mix. It is not how a regulated orderly market is meant to work. And so yesterday shares in Cloudtag zoomed ahead by as much as 35% peaking at 8.5p. So Cairn forced the CEO, Mr Amit Ben Haim, to make a statement. The shares closed at 7.875p. The statement is a total joke.
2915 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.
2916 days ago
African Potash (AFPO) saw its Nomad Cantor Fitzgerald quit on September 7 and it is still yet to find a replacement who will sign off on its bogus and untruthful press releases. If no-one steps up to the plate by December 7 its shares are suspended and a month later they will be booted off AIM. African says it is confident it will find a replacement Nomad but just in case... the shysters have been busy.
2918 days ago
Over the weekend I urged AIM Regulation and the FCA to open a formal enquiry into market abuse and securities fraud by the AIM uber-fraud Cloudtag (CTAG). This morning I have sent an urgent missive to AIM Regulation and its hapless boss Marcus Stuttard asking why Cloudtag is not being forced to postpone its General Meeting allowing it to issue more shares.
2918 days ago
"Lorne Daniel at FinnCap, PR man Reg Hoare, Nomad Ed Frisby, Broker Joanna Scott, Edison Research, Proactive Investors we have beaten them all, we have beaten them all!. Paul Scott can you hear me? Paul Scott ... your boys took a hell of a beating! Your boys took a hell of a beating!" Yes The Sheriff of AIM is again 100% vindicated and it is ouzo o'clock already thanks to dog TrakM8 (TRAK)! But where next for the shares? All is discussed in full in this bonus podcast.
2919 days ago
You may remember that some Cloudtag (CTAG) owning moron contacted the FCA to demand that they shut me down. Oddly that seems to have come to nothing. But the regulators at Canary Wharf as well as Marcus Stuttard's team of Keystone Cops at AIM Regulation must be awqare of this fraudulent company by now. I have today written to both showing the clear evidence that Cloudtag has committed market abuse and fraud and demanding that a formal investigation be opened at once into the company AND its Nomad Cairn Financial. And here is why, as I publish the letter in full.
2921 days ago
How on earth can Nomad Cairn continue to act for the fraud Cloudtag (CTAG) as it today fesses up to another pre-placing hoodwinking of investors? After the Second Chance guaranteed sales of $5.2 million RNS ( 4 days before a placing) statement was exposed as a big fat lie, now we turn to the US distributor Cities.
2923 days ago
On Monday Cantor Fitzgerald announced that as of December 7 it would no longer act as Nomad for the AIM fraud African Potash. So Potash needs a new Nomad to sign off on its lies to enable it to commit securities fraud. But who will act for it? We polled you yesterday and while many of you thought that cometh the day there was only on go to Nomad for a fraud, more of you thought that no-one, not even Roland "Fatty" Cornish, was that desperate. But that potential tax issue may prompt an urgent need for cash and that may yet sway Fatty! The results of who you thought would act for the fraud Potash are:
2923 days ago
My comments about Oxfam relate to Mkango Resources (MKA) - see the link on the right of this page. In the podcast I also cover Totally (TLY), PGC Entertainment (PGCE), African Potash (AFPO) where I now am sure I know when the Nomad quit and why, Cambria Auto (CAMB) and Westminster Group (WSG). I also answer Malcolm's earlier question on Premier (PMO). No. Malcolm. No.
2923 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:
2923 days ago
For sleazy Lord Peter Hain and lyin' Chris Cleverley and their colleagues on the board at FRAUD African Potash (AFPO) the main priorities are finding a new Nomad who will do anything for money including acting for FRAUDS and finding investors to pony up for a bailout placing PDQ to avoid tits up time. But if the gents at Potash have a spare couple of minutes how about an update on Uganda?
2923 days ago
Oh dear, oh dear, the problem with frauds is that eventually they run out of other people's money. And when they can't pay the bills, even morally bankrupt crony capitalist AIM advisers, decide that enough is enough and quit. And thus Cantor Fitzgerald has today said it is resigning as Nomad to the fraud African Potash (AFPO) - which is still not suing me for libel despite promising to do so on September 1st if I did not cease calling it a fraud and pay it £2,000. GOTCHA Potash: you are still a fucking FRAUD now where's that libel letter you bastards? I want to see you fraudster bitchez in Court so badly. So what's going on here. One broker summed it up brilliantly today:
2924 days ago
PriceWaterhouseCcoopers, PWC, is acting as administrator to the subsidiaries of Gable Holdings (GAH) and has published a damning report making clear the black hole that has existed there since the start of the year. The shares were suspended only on September 12. This is a scandalous failure on the part of Nomad Zeus and the Oxymorons at AIM Regulation.
2924 days ago
African Potash (AFPO) needs to find a new Nomad by December 7th or its shares will be suspended. Cantor Fitzgerald is tired of putting its name to outright lies published to facilitate Securities Fraud and has quit. Potash says its talking to a replacement but which Nomad would act for this proven fraud? You decide in the poll below. Voting deadline midnight tonight ( 22nd November).
2932 days ago
As I have highlighted in other reports, the AIM market is shrinking in terms of the number of AIM listed companies and number of new IPOs. Unsurprisingly this is having a dramatic impact on the profitability of some of the City players. For instance Strand Hanson which acts as NOMAD to 36 AIM companies commented in its Strategic Report for the year ended 31 December 2015, submitted on 13 September 2016, as follows:
2938 days ago
That was an easy pull down of the shysters at Mosman Oil & Gas (MSMN) lead by Andy Carroll. Is it too early for a celebratory ouzo? Perhaps hapless Nomad SP Angel should send a case of ouzo to the Sheriff of AIM to thank me for doing its job for it? At the weekend I exposed how Mosman has mislead investors for more than a year HERE. This morning it fessed up:
2939 days ago
Alistair Osborne lashed out at Nomad Roland "Fatty" Cornish in the Times on Saturday listing his long list of AIM failures. A central point made is that Fatty banks huge fees for doing an IPO only to quit before the shit hits the fan or before the fat lady sings. In other words he earns megabucks and then scuttles off to hide in his favourite restaurant whilst others suffer the financial damage. Osborne starts his article on New World Oil & Gas (NEW).
2946 days ago
Management Resource Solutions (MRS) has been a stock much ramped by the usual suspects and its shares have flown until last Thursday when they were suspended pending clarification of its financial position. The next day the CEO and founder was fired. But we can reveal that the CEO Paul Morffew claims this is a stitch up and, as a 20% shareholder is prepared to fight back. This has the potential to be another major AIM scandal given that it was less than two months ago that £2.8 million was raised at 10.5p. Nomad and co broker Northland is refusing to answer calls and its position now looks untenable.
2959 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
This needs to be the day when London's worst Nomad Roland "Fatty" Cornish is drummed out of the City of London for good. This will shock you. New World Oil & Gas (NEW) has abandoned the RTO with Big Sofa but has not said specifically why. So let me assist.
2962 days ago
It is now one month and eleven days since FRAUD African Potash (AFPO) promised it would sue me for libel if I did not pay its fascist lawyers Memery Crystal two grand, write it a blank cheque and withdraw all my articles which clearly exposed it as a FRAUD. I am 2 nil up with Memery Crystal when it comes to it trying to bully me on behalf of fraudsters (Globo & Pirate Pete Landau)so I am gutted that Potash has not yet served me. What could the FRAUDSTERS have to hide from a disclosure process? Meanwhile the PR firm has, very honourably, quit, the Nomad Stewart Dickson has been fired but still senior NED Lord Peter Hain hangs on (for the cash). So by midnight Friday can you suggest a suitable caption for this picture below of the sleazy peer?
2974 days ago
Lying to your investors is bad. I suppose committing fraud is even worse. But advisers without morals such as Nomad SP Angel and broker Beaufort Securities do not care about such matters as long as they get paid. But that may pose a problem as interims today from Strat Aero (AERO) show that it is completely bust. That SP Angel and Belfort will sign off on an RNS like this says everything you need to know about them. The only thing they should be signing is a resignation letter as Strat is bankrupt both morally and financially.
2974 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.
2974 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
On Monday we asked you to supply suitable captions for the picture below featuring Lyin' Chris Cleverley the CEO, and expenses guzzling socialist hypocrite NED Lord Peter Hain of FRAUD African Potash (AFPO). After four weeks, Potash has still not sued me for libel as its fascist lawyers Memery Crystal promised so I guess it accepts that it is a fraud then. Of course it is. Everyone knows that aprt from hapless Nomad Cantor Fitzgerald and the Oxymorons at AIM Regulation. Your suggested captions reflected that matter as you can see HERE. But the winner is:
2982 days ago
Are there any rules at all governing the withholding of damaging price sensitive information by AIM listed companies? Yes there are. The FCA under market abuse directives and and AIM Regulation both have the power to throw the book at CEOs and Nomads who offend. But will they? Gable (GAH), its CEO William Dewsall and, almost certainly, Nomad Zeus have broken the laws. I have written the letter below to the Oxymorons at AIM Regulation and its boss, the bogus Sheriff Marcus Stuttard, as well as to the chocolate teapots at the FCA demanding urgent action
2983 days ago
Oh dear, the man who signed off on those ramptastic, but untrue, statements of December 1 2015 and January 6 2016 ahead of the bailout placing on January 12 by African Potash (AFPO) appears to have had a career "incident". Stewart Dickson was head of the team looking after the Potash fraudsters round at Nomad Cantor Fitzgerald, the man ensuring that all RNS's it issued were true. Which, of course, they were not.
2983 days ago
Gable (GAH) says that it wants to stay on AIM and its CEO William "Piggy" Dewsall seeking a new Nomad following the resignation of Zeus Capital on 12 September. In which case why is it NOT informing investors of the regulatory mess it is in? Is that not an AIM Rule breach? Is it telling prospective Nomads the bad news? Why did it not announce the information below on 9 September when its shares still traded? Is this why its chairman walked on 9 September? Answers Piggy, give us some frigging answers!
2983 days ago
The FRC is already looking at the grossly misleading way that Avanti Communications (AVN) bodged its June 2015 annual results. I reckon Avanti is trying to commit an even bigger crime against prudent accounting with its 2016 numbers and they key is a satellite which is now on the move. But Avanti and its ghastly and morally bankrupt Nomad Cenkos, of Quindell infamy, are trying not to reveal the truth. So have five critical questions for Avanti and the shamed Cenkos.
2988 days ago
On 16 September, AIM Cesspit posterboy Gable (GAH) run by William "Piggy" Dewsall, made the following announcement:
2990 days ago
I sensed that those close to the fraud African Potash (AFPO) were getting skittish and now I can reveal that the first adviser has indeed handed in its notice. And I am not surporised as to who it is that has shown that it puts morality ahead of money.
The adviser quitting is St Brides PR. St Brides, you may remember, acted for the sister company to Potash, Sable Mining (SBLM) which last week said it was quitting the AIM Casino amid its own problems with a major bribery scandal. St Brides quit that account a good while back, whereas Nomad Cantor Fitzgerald hung on to the bitter end.
Congratulations to St Brides which shows that not all folks in PR are total rotters only interested in money. I hope that good companies on AIM who are looking for PR opt to go with St Brides on the basis that there should be a moral dimension to business and this agency - unlike others I could mention - is clearly on the side of the angels.I kinow a lot of AIM CEOs read this website, come on chaps, do the decent thing and hire St Brides first thing on Monday.
St Brides has put morality and principle ahead of cash considerations and thus shown itself in the best possible light. The question now is
2990 days ago
Ergomed (ERGO) receives a "buy" recommendation is the headline of the RNS Reach that has just gone out. It is very unusual to announce a broker report so I had a butchers at the RNS Reach - a Reach is an announcement the Nomad deems not to be price sensitive. Read on and you see why.
2994 days ago
I have been warning you that Gable (GAH) was a zero for a good while - indeed my most recent warning came over the weekend as I discussed the resignation of three NEDs within 40 days. Now the Nomad has quit as have the remaining two NEDS and the shares will be suspended ahead of a delisting on 12 October. This is a scandal. Shareholders will almost certainly lose everything but CEO William Dewsall has made £15 million since the IPO and will now plunder whatever is left.
3004 days ago
I have today published the lawyers letter sent by Memery Crystal - lawyers to Globo - but which also acts for the fraudsters African Potash (AFPO) demanding money from me, trying to gag me but also admitting that its client has committed securities fraud. The letter also implies that Nomad Cantor Fitzgerald approved releases (and lack of releases) which meant investors in a placing on 12 January 2016 were utterly deceived as to the trading position at Potash. And that is a clear cut case of fraud. But will Marcus Stuttard, the head of AIM Regulation do anything about it or is fraud now acceptable on AIM? I have written to the man who basks in the title "The Sheriff of AIM" as you can see below.
3005 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...
3009 days ago
I have already requested that the FCA and AIM Regulation investigate the deliberate way that investors were misled by African Potash PLC (AFPO) ahead of the January 12 2016 bailout placing with an RNS on December 1 2015 as you can see here. Now evidence is emerging of an even bigger deception in an RNS on January 6 2016 just six days before a bailout placing. I have thus written to both the FCA and AIM Regulation asking both to widen their investigation into both Potash and also Nomad Cantor Fitzgerald and its lead QE, Mr Stewart Dickson. This is a clear case of Securities fraud.
3009 days ago
I have already shown quite conclusively that African Potash (AFPO) misled investors in a material way with an RNS of December 1 2015 as you can see HERE. That should be enough to see the authorities slam both Potash and Stewart Dickson et al at Nomad Cantor Fitzgerald. But it gets worse. I now accuse Potash of lying in an RNS on January 6 2016 just 6 days before the bailout placing. It is lie after lie after lie from this company.
3009 days ago
I start with an apology to Ms Jo Hart of Midas in the Daily Mail who I termed a silly witch who shames our profession last week. She is, in fact, clearly the world's greatest tipster for today she has lavished praise on a stock we own shed loads of- Concepta (CPT). I end with a note that I have put my daughter straight on Donald Trump HERE. The bu;t of the podcast discusses bigger fool investing with reference to Cloudtag (CTAG) and I explain why Cynical Bear was far too kind on the POS company earlier today and why I am reporting Cloudtag and its Nomad Cairn to the regulators for either lying to investors or misleading them in a material way four days before a bailout placing.
3011 days ago
Stewart Dickson of Nomad Cantor Fitzgerald is today exposed for his role in the scandal at African Potash (AFPO) as the company misled investors ahead of a bailout placing, as it committed fraud. You can read about Dickson's role HERE as we launch the "Fire Stewart Dickson to clean up AIM campaign."
3014 days ago
Yesterday's expose here of AIM listed African Potash (AFPO) demonstrated quite explicitly and without doubt that the company was guilty of fraud - that is to say raising money, with the assistance of Nomad and broker Cantor Fitzgerald - having materially misled investors. I have today passed on the supporting documentation to three different regulators asking all three to open investigations into African Potash. My open letter explaining why follows.
3015 days ago
On December 1 2015 AIM listed African Potash (AFPO) announced what appeared an incredible marketing deal for its fertiliser with a company called Beryl - of course nothing has come of the deal and what African neglected to mention was a £600,000 bung. A source in London has sent me the signed contract. One month and 12 days ahead of a bailout placing investors were grossly mislead as to the nature of the Beryl deal. Potash shares need to be suspended at once and AIM Regulation and the FCA have to get involved.
3015 days ago
AIM Cesspit listed City of London (CIN) is surely a sinking ship. If Nomad Peel Hunt had a shred of integrity it would surely quit now on news that a third director has quit in six days leaving just one rat on board - chairman Paul Milner. The shares are off by 24% today to 3p but fair value ahead of suspension, administration or both is surely 0p. The Company is now in Breach of the Companies Act 2006, S154(2)which requires a public company to have at least two directors. Do hapless Nomad Peel Hunt or the oxymorons at AIM Regulation care about companies breaking the law? It appears not.
3028 days ago
Time and time again this year Cloudtag (CTAG) has been able to raise funds at a small premium to the prevailing mid. It did so again today raising £580,000 at 5.8p, a 5.45% premium to the closing price yesterday of 5.5p. Questions, questions, questions.
3035 days ago
AIM casino dog with fleas MySQUAR (MYSQ) has today managed a small bailout placing as it teetered on the verge orf bankruptcy just 13 months after its IPO. The roll call name of shame includes pompous PR supremo Piers Pottinger who is a NED, Nomad SP Angel, brokers Mirabaud and Belfort Securities. The shares have plunged to 4p (60% down on the IPO) but are in fact worth 0p. This is a ZERO, an AIM uber-dog. I look at the red flags, talk you through the maths and name the guilty men, the establishment fuckers, the 1% who have made money as poor old private investors took it up the jacksie again. Yes I am angry and use some bad language.
3040 days ago
I start with Gulf Keystone (GKP) and a share price driven by morons. talking of morons, London's most useless Nomad, Roland "fatty" Cornish has screwed up again. This time it is Nyota Minerals (NYO) although the real issue here is when is Nyota bust. I think it might be already. I look at Avanti and ask who is smarter: Tom Dobell of M&G, a Bulletin Board Moron or an institutional investor in bonds. I look at Koovs (KOOV), Essentra (ESNT) and Audiooboom (BOOM).
3042 days ago
Sky News claims to have a source who says that Nomad and broker Cenkos (CNKS) is to be fined £700,000 by the FCA for its lamentable failings in the Quindell (QPP) fraud - Cenkos has now admiited that a probe is underway. Whilst I see this as another moment of vindication for my work in exposing that fraud it is simply not enough. The FCA is telling the City's banksters that turning a blind eye to white collar crime does pay. Its coke and hookers all round if this is the best that the FCA can do.
3048 days ago
Even the Quindell fraudster Rob Terry would have been ashamed of this nonsense. Yesterday I flagged up how the latest ramptastic RNS from FastForward (FFWD) was sheer bollocks in the made up numbers department. Today the company has responded with an explanation which will have you pissing yourself. It is so utterly mad that the company's Nomad must surely be considering its position (or have no shame). This is sheer comedy.
3051 days ago
Once again the folly of allowing Roland "Fatty" Cornish to act as a Nomad for AIM casino stocks is well and truly exposed. Once again mug punters are seen to have taken it up the jacksie because of the incompetence of Fatty who is, as I write, enjoying a full English breakfast with an extra two big fat juicy pork sausages just like they used to serve at his old boarding school. Today's case study is Nyota Minerals (NYO).
3059 days ago
The new board at Nyota Minerals (NYO) has published a corporate update which is dire as far as it goes but the most important fact, the one that really matters, is missing. That is to say, Nyota does not say just how little cash is left. Was this an accidental oversight by dozy Nomad Roland "Fatty" Cornish or was Nyota just afraid that the truth would prompt another sell off of the shares? Its too late to find out for today as it is just past eleven to Fatty is right now waddling off to start his four course luncheon.
3066 days ago
Nigel Somerville has already explained why Eastbridge Investments (EBIV) is toast in that it has no Nomad and sweet FA chance of completing an RTO in the next few days and thus avoiding being booted off AIM. But it gets worse: there is the matter of the Court Case.
3067 days ago
It was 11 years ago that 3DM as was, Environmental Recycling (ENRT) as is and its sister company Eden Research (EDEN) were sending me lawyers letters. Both were frauds. Both are still frauds. Today Environmental lost its Nomad and as it is bust it is game over. Now I am going for Eden but in this podcast I tell the amazing story of both frauds, explain who was involved and is disgraced, accuse certain City folks of lying and worse as part of the cover up and demonstrate why this should have ended years ago but did not down to failings ( again) at AIM Regulation as well as disgraced Nomad WH Ireland. I warn you there is some bad language as I am pretty emotional right now. Enjoy, this is no holds barred stuff and it will shock you.
3083 days ago
While there were many excellent entries to this caption contest as you can see here, the winner has to be the same person who supplied the original photo below. Oh, no it is Nigel Somerville. Our resident Lenigas worshipping loon Wildes will again demonstrate his enormous knowledge of securities laws by describing this as insider dealing and reporting me to the FCA. Anyhow Nigel's entry is:
3083 days ago
Ooops a daisy another day and another scoop and another hugely discounted placing revealed by yours truly. Apologies to Paul Scott if he was suckered into this one too by a ramptastic trading statement on May 31 but with shares in Provexis (PXS) trading at 0.26p-0.29p this perennial uber-dog with fleas is passing the hat around again. Time for a statement hapless Nomad & broker Cenkos?
3092 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
3096 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.
3102 days ago
As a long term bear on Gable Holdings (GAH) yesterday's late in the day RNS of doom is a clear vindication and the shares have crashed to 6.75p. But I cannot see how the Nomad, Zeus, manged to sign off on what was said as the RNS makes claims that seem fanciful with regard to a capital injection.
3136 days ago
Shareholders in African Potash (AFPO) should be on the warpath. Not with myself and Lucian who they have, to date, berated for pointing out what a piece of Turkish this company is. But with its management for issuing statements which are just not true - as explained HERE. Following my earlier article I have now asked AIM Regulation to launch a formal enquiry into both Potash and also its Nomad, Cantor Fitzgerald, which signed off on its RNS statements having somehow verified them as true. The letter reads:
3136 days ago
I do not use the world liar lightly but today's statement from African Potash (AFPO) shows that the company are lying bastards and anyone holding the shares is quite simply delusional. How has the Nomad signed off on blatant lies? Why has it not quit? Is it acceptable to tell outright lies on AIM these days?
3140 days ago
Corero (CNS) had, in Finncap, an existing Nomad and broker who the City thinks are acceptable although I regard them as complete & utter bastards. But I am even more scathing about Quindell's pals at Cenkos and today Corero (CNS) has appointed those mothers as its new Nomad and broker, 24 hours ahead of its results.
3140 days ago
Broker and Nomad SP Angel is not listed so why on earth it thinks anyone gives a flying fuck about today's trading update is rather beyond me? But never underestimate the innate sense of self importance among folks in the City of London even if they work for shittly little Nomads and brokers who try to float bankrupt pieces of Turkish such as Mkango Resources. Oddly today's statement fails to mention Mkango, a company Chris Oil appears to have blown £100,000 on backing last autumn.
3142 days ago
"Nomad Strand Hanson, Broker Mirabaud, mug punter Evil Knievil, aka Simon Cawkwell, dodgy Russians Mediotor, IR ramper John Heilshorn, we have beaten them all, we have beaten them all!. Phorm PLC, can you hear me? Phorm PLC ... your boys took a hell of a beating! Your boys took a hell of a beating!"
3156 days ago
Powerhouse Energy (PHE) withheld information from its investors for almost two years (the non payment of a legal claim) and then again failed to mention that this dispute was going legal for six weeks. It thus misled investors who bought shares in the secondary markets and in two placings on that false prospectus. I think that is slam dunk fraud as explained HERE. The Company has now hit back in an email to an ex investor - which I have obtained - saying that Nomad Allenby knew all about this withholding on information so it is kosher? That charge against Allenby is grave and it needs to respond to the email below discussing our coverage:
3186 days ago
Cynical Bear showed what a total joke, AIM listed Craven House Capital (CRV) was. Now here is another total killer. If Nomad Spark was not aware of our full coverage yesterday from CB (HERE) it is now. And it should resign at once, this company is simply not investment grade material. It is uninvestable crap. And that brings me to Pressfit- a company that I have lambasted before HERE.
3192 days ago
We have today penned an open letter to George Osborne regarding the ever-growing scandal of the ShareProphets AIM-China Filthy Forty. Mr Osborne, you will remember, is keen to see greater links forged between the London and Chinese markets. Under the circumstances we are deeply concerned about this and call for a full investigation.
Given the statistics of Nomad resignations (fourteen so far since the start of 2015, eight in the past six and a half months) it is crystal clear that there has been a serious problem: Nomads do not resign on a whim – business is hard to come by these days.
The question of how so many Chinese companies which, for reasons of fraud
3194 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....
3195 days ago
One of the most honest and decent Nomads in town emails me after a visit to his local Chrurch where he reflects on his service of Mammon. He writes:
I was sat in Church (I try to be a good person, even if I don't always succeed) thinking about how little of my efforts at work result in positive outcomes (useful new products, jobs created etc.) and a descriptive phrase regarding AIM came to me - call it divine inspiration:
3196 days ago
A challenge to Eden Research (EDEN) about its FRAUD - will it please send me a lawyers letter as I really want to see the bitchez in Court. Its PR man Queenie McManus smearing me is just so tedious. Man up Queenie and do the decent thing. I also suggest that Nomad Shore Cap thinks twice before assisting Eden with a bailout placing. In this podcast I also look at DDD Group (DDD), Ascent Resoures (AST), Auhua (ACE), ECR Minerals (ECR), Evocutis (EVO), Alba (ALBA) & Stellar Resources (STG)
3198 days ago
A lot of references today to yesterday's podcast covering cats and Andrew Monk's puzzles (see HERE). Today I answer the money puzzles and I am afraid there is very bad cat news indeed. So I really dont care about shares and it was not a good day for a moronic disciple of David Lenigas with 9 followers to have a go at me on twitter. As it happens I have a few things to say about Jabba who I will be nailing for good within six weeks. I also look at Nomad resignations, Auhua (ACE), DQ Entertainment (DQE), Milestone (MSG), Litebulb (LBB) and then at Magnolia (MAGP) and the wider career of Gavin Burnell.
3202 days ago
TSX listed Mkango Resources promised investors - including Chris Oil who put in £100,000 at 2.5 Canadian Cents last Autumn - that its delayed AIM IPO would happen early January. Nomad SP Angel signed off on that statement...I put it to SP Angel today why the silence?
3202 days ago
Management Resource Solutions (MRS) has published an RNS today "Holding in Company" which most folks will ignore. They should not. What is fessed up to begs questions about both the company but also about Northland Capital, Nomad & broker to this POS since AIM admission. Read on and vomit.
Today's RNS details the share disposals of Daniela Athan, one of the co-founders of Management
3204 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.
3217 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.
3219 days ago
On Friday, China fraud Auhua (ACE) announced that its nomad, Grant Thornton, was quitting as at 29 February but it said it was talking to other Nomads. Perhaps anyone happy to represent a China fraud might start its due diligence by asking where Auhua's Chinese website had gone?
3219 days ago
Motive TV (MTV) may well see its shares suspended from the AIM on St Valentine's Day causing a massacre of the portfolios of the complete morons who own shares in this cash burning POS . The reason? Belatedly it is today warning us that come 14 Febuary it will be without a Nomad.
3221 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...
3222 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
3223 days ago
That Jiasen (JSI) is a total fraud is now beyond all reasonable doubt. I actually have more information on this company which the Nomad (Cairn) and AIM Regulation are sitting on but will they bother to do anything? So how has money been transferred from British investors to the fraudsters back in China?
3223 days ago
The CEO Avi Vermus walked a few days ago and now the only credible player left at PeerTV (PTV), Ossie Weitzman has also stood down as a director. Nomad ZAI Finance is begging him to stay but unless he changes his mind it says that it will quit so the shares have been suspended. Great news.
3223 days ago
Nomad Allenby still appears happy to take the filthy money offered by Servision (SEV) to act on its behalf notwithstanding the now clear demonstration that its RNS statements are, on a serial basis, utterly misleading. So let us now look at the accounts which, natch, are a total joke. I refer to the issue of bad debts.
3223 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.
3231 days ago
You may remember the strange tale of TSX listed Mkango Resources, a company in which market abuser, liar and criminal Chris Oil invested £100,000 in the late summer ahead of an AIM Listing on December 2nd. Of course, what Nomad SP Angel and Mr Oil failed to realise is that Mkango is, as we speak, insolvent, I guess the self-styled Britain's Buffet (sic) is just too clever to do any basic balance sheet analysis. So where are we now Mr Oil?
3234 days ago
Having hinted previously that its AIM days may be numbered, last night at no-one-is-watching o'clock (5.29pm on a Friday) erstwhile AIM-listed Daniel Stewart (DAN) released an "Update on Suspension" RNS which admitted that following the resignation of Beaumont Cornish, the Nomad of last resort, the company had been unable to find a replacement. In other words no other Nomad is prepared to act and we should expect an AIM execution announcement on Friday of next week.
3238 days ago
My Yusuf Kajee of Afriag (AFRI) is aware that my mother killed herself. That has encouraged him on a number of occassions to question my sanity and smear me in a variety of ways on twitter while refusing to answer basic questions about his business activities. He has today stooped to a new low which is truly beneath contempt. This prompts a letter to his Nomad, Cairn Financial. We do live in a civilised 21st century do we not?
3246 days ago
Why has Nomad Roland "fatty" Cornish not yet had shares in insolvent Golden Saint Resources (GSR) suspended? After all it is totally bust. Perhaps it is in the hope that its crowd funded debt death spiral organised by Richard "Gollum" Gill would be a saviour? If so I have bad news because after 88 days...
3252 days ago
Yousuf Kajee, the man who with tobacco smuggler Paul de Robillard, are the principal players in David Lenigas creation (AFRI) sent another 30 tweets overnight with some classic smears but also a bribe. Does Nomad Cairn really feel happy about its clients offering to bribe journalists?
3259 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.
3263 days ago
With a hat tip to Duck and Dive on the comments section on this website, I now revisit the shadowy group that brought AfriAg plc (AFRI) into existence an exercise that throws up yet more questions for Jabba the Hutt, useless Nomad Cairn and the chocolate teapots round at AIM Regulation.
3264 days ago
Does anyone at AIM actually care whether David Lenigas tells the truth in any RNS statements any more? It appears that Nomad Cairn and AIM regulation do not give a FF. I shall now demonstrate to you a slam dunk and material untruth in an Afriag (AFRI) RNS.
3266 days ago
Earlier today we flagged up that Chris Oil was committing market abuse by revealing information given to him as an insider in claiming that he owned bonds in MX Oil (MXO). We passed this information onto the Nomad by sending it our article - apparently no-one at Cairn understands how twitter works. That forced MX to issue a statement saying it was doing a debt fund raising - which I gather Oil is participating in - but had not yet completed it. So not only was Oil revealing inside information but he was also lying...the issue is not yet done. As for whether you should follow the little twerp and sign up for the issue?
3266 days ago
You could not make this bollocks up. Golden Saint Resources (GSR) has today effectively admitted that it is insolvent but its PR genius Steffi (cost £3,000 pcm) has dressed this up as a triumph. How on earth is Nomad Roland "fatty" Cornish allowing the shares still to be traded.
3273 days ago
Yesterday I asked you to identify the odd one out in the four pictures below: The England Rugby team, David Lenigas, Market-makers Winterfloods and the City Nomads, brokers and PRs celebrating at their annual Christmas party and YOU ALL GOT IT WRONG but there were some good answers anyway HERE.
3276 days ago
The Sunday Times today reports that the Serious Fraud Office has demanded boxes of documents and emails from Cenkos, the Nomad to Quindell (QPP) as part of its enquiry. Let me assist you Gents, for Cenkos actively worked to protect this fraud as the AIM regulation team knows full well. You see...I was inadvertently cc'd in on emails between Cenkos and the chocolate teapots.
3279 days ago
How odd that two Greek companies represented by the same Nomad and Broker team of RBC and Canaccord should both make the same howling error in responding to allegations made by my good self and this website.
3289 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...
3312 days ago
I start wth Marlowe (MRL) and a debate here about insider dealing. Then it is onto Quoram (QRM) and its delisting and Nakama (NAK) and its dire results - it should be delisted. Then it is onto Mosman Oil & Gas (MSMN) - another confetti issue, Fitbug (FITB) which needs a confetti issue, Peer TV (PTV) whose board need shooting as does Tim Coffman its disgusting POS Nomad and finally UK Oil & Gas (UKOG), David Lenigas and the truth about ISDX as opposed to Big Dave's PR bologny.
3323 days ago
By now it is clear after the numerous scandals at New World Oil & Gas (NEW), Gate Ventures (GATE) and so many others that we’ve forgotten, that Roland “fatty” Cornish is officially London’s worst Nomad. His latest triumph is to allow shares in Golden Saint Resources (GSR) to continue to trade even though the company is insolvent and its Richard "Gollum" Gill crowd funded debt death spiral has only raised MINUS £1938.50. To celebrate this walking disaster story we have another caption contest. Don’t hold back…there is a prize.
3328 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.
3329 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.
3331 days ago
As predicted on Sunday in yet another scoop for this website, ZAI Corporate Finance, led by heroic Big Ray Zimmerman, has refused to act as Nomad for the proposed new management team at Carry on up the Sefton Resources (SER). We can now reveal the real reason for this, flag up yet more market abuse by Chris Oil and suggest what happens next.
3337 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:
3342 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.
3344 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:
3344 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
3351 days ago
The Nomad to China AIM casino POS Global Market Group (GMC) was Grant Thornton. It quit on August 21. S with no new Nomad having been announced you would expect confirmation today this its casino life was over. There is no RNS.
I called the LSE Market Operations team.
3352 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
3352 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.
3355 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:
3356 days ago
Ben Turney has just revealed HERE how the discredited Peter Sztyk, the CEO of New World Oil & Gas (NEW) told today’s investor call that the company would spunk two thirds of its £3 million net cash on a new well (to follow its previous duster) in Belize within weeks. This is price sensitive information. This should have been issued via an RNS.
This is a flagrant breach of AIM Rules. Will the Nomad to tis company – Mr Roland “fatty” Cornish of Beaumont Cornish stand idly by? Step one there must be an RNS. Step 2 Mr Sztyk must stand down with immediate effect for this flagrant abuse of the basic rules of AIM.
Fatty this is a clear call.
3363 days ago
On April 2nd 2015 Rangers Football Club (RFC) was booted off the AIM casino, the junior market of the London Stock Exchange. A nominated adviser, Nomad, for many AIM companies has now contacted us to explain how this was a direct result of a covert killing by the London Stock Exchange (LSE) itself. Shareholders in Sefton Resources (SER) be warned…you may be next.
As a reminder, disgraced WH Ireland (WHI) resigned as Nomad to Rangers on March 4. Under AIM Rules if no new Nomad is found within a month a company loses its AIM listing. And that is indeed what happened on April 2.
Rangers explained its humiliating ejection thus:
3364 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:
3374 days ago
Yesterday, in a Bearcast special, I explained why the circular published by AIM Cesspit posterboy Hotel Corp (HCP) at no-one is watching O’Clock on Friday contained slam dunk lies designed to mislead investors into not voting out fat cat crony capitalist tax-haven dwelling chairman Derek Short. Today I have written to the company’s Nomad, Simon Clements of Sanlam demanding that the circular be withdrawn and that the directors be censured. In case Mr Clements dithers I am cc’ing AIM Regulation and the FCA to ask them to force his hand.
3375 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]
3392 days ago
Shares in China AIM Casino fraud Camkids (CAMK) should be suspended now. If Nomad Allenby had any decency it would quit at once. The stock is again plunging today (off 16% at 4p) and even the thickest Bulletin Board moron is not buying. So when will the shares be suspended? It is time for a reader poll. Deadline for entries midnight tonight or the suspension time whichever is sooner:
3392 days ago
Earlier today Nigel Somerville and Tom Winnifrith 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. Now it is time for Nomad Allenby to show principle and quit on the spot and if it is so desperate for fees that it will not for AIM Regulation to force a suspension. We explain why in this open letter:
3394 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.
3397 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
3416 days ago
Just now and again readers on ShareProphets post utter gems which merit a wider audience. Reader its me is a City insider and knows how the system works or rather does not. Commenting on the latest China fraud revelations (Global Lock) he explains a real failing in the Nomad system. It is a very instructive comment and something the LSE should - but won't - take on board. Over to its me:
3437 days ago
Bear raider: Lucian Miers has written to AIM Regulation about China fraud Gate Ventures (GATE) and has cc'd in ZAI Corpoate Finance which is widely believed to be the only Nomad prepared to consider acting for these shysters now that Roland "Fatty" Cornish has quit in disgust. Lucian's letter does not pull its punches and is below.
3440 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:
3442 days ago
At last the spineless crony capitalist pig Roland "fatty" Cornish of New World Oil & Gas infamy, has quit as Nomad to China fraud Gate Ventures (GATE) and hence the shares have been suspended at once. The shares were listed in March and via fees and from exercising warrants and flogging shares - even though the prospectus said he could not exercise for a year - fatty has trousered c£400,000 bit now even this greedy pig, devoid of principle has had enough.
3463 days ago
Does Nomad Cairn have a shred of inegrity? If it does why has it not quit the JQW(JQW) account as yet again it has emerged today how Chinese investors have totally ignored AIM rules as they screw mug punters in the UK.
By way of background JQW is capitalised, at 10.25p, at £19.6 million. According to the Norfolk it generated a calendar 2014 profit after tax of £14 million and increased its cash position during 2014 by £5 million to £39 million. So why on earth would anyone be selling?
3482 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.
3487 days ago
Nomad Beaumont Cornish, run by Roland “fatty” Cornish may act for China fraud Gate (GATE) and have covered himself in opprobrium over New World and Digital Learning (see HERE) but even fatty draws the line somewhere and that is over getting involved with Rob Terry of Quindell infamy.
Terry is an insider dealer. That is to say he traded shares in Quindell when in possession of price sensitive information (the resignation of Canaccord). He is a fraudster. That is to say he committed securities fraud when on 2 September 2013 Quindell issues shares to party A stating that it was to party B as a reward for hitting performance targets when in fact it had missed those targets by a mile. And there are numerous other frauds Terry committed but this is the easiest slam dunk.
On March 31 Terry
3492 days ago
Written jointly with Ben Turney & Nigel Somerville...Quite simply, the firm of Beaumont Cornish is not fit for purpose as a Nomad. It epitomises all that is wrong with the AIM market. The epic fiasco surrounding the New World Oil and Gas Placing may be the last straw but Beaumont Cornish has form going back years. Even with regard to just this one company there have been serial disasters, but there are more cases where Beaumont Cornish has failed in its duties as Nomad.
If the Laughing Stock Exchange and the chocolate teapots of the FCA are going to try to maintain any pretence whatsoever that the AIM market is policed then Beaumont Cornish has to be made to pay the price. In this article we outline some of the scandals presided over by this squalid firm. Investors have lost money through incompetence, lies, fraud and cronyism where Beaumont Cornish is supposed to have acted as the long arm of the regulator, but has failed. Token private taps on the shoulder or fines of the magnitude of a good lunch are not enough. Public and summary execution is now the only way forward. Here are just a few examples of what Roland “Fatty” Cornish and his crew have presided over.
2012 – Digital Learning Marketplace plc (DLM)
Back in 2012,
3493 days ago
I stand by my thought on New World from yesterday's bearcast HERE. But having slept on the matter new issues arise. Could the turnout at the EGM exceed 100%? Yes. Should the shares be suspended? Who is Mrs Williams? Should trades be unwound? Arguably yes. Should Roland "fatty" Cornish lose his Nomad license? No question - yes.
3496 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
3506 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
3509 days ago
Nomad Westhoiuse has done the decent thing and quit as Nomad to shamed and disgraced Daniel Stewart (DAN) and it is all down to his links with the insider dealer and fraudster Rob Terry of Quindell infamy as I explain in this podcast. I really enjoyed recording this.
3514 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.
3523 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
The Nomad to Insetco (INC) quit today. I now have more to reveal on this in this podcast special and I bring to your attention the conman crook Terry Ramsden (do a Google search). This is a bargepole stock.
3529 days ago
For the first time in ten months the keystone cops at AIM Regulation has fined and privately censured a NOMAD for assisting its AIM listed client in misleading investors. But we do not know which Nomad has been a naughty boy and the level of the fine is a total Rum & Coke.
3531 days ago
There is so much to say in today's podcast but to clarify that in yesterday's podcast when I said monogamy I meant celibacy. I start with a tidy up on Motive TV following on from HERE and then onto Rosslyn Data as a follow up to HERE - I shall be contacting the FCA and AIM Regulation about Rosslyn and its loathsome Nomad Cenkos later. And then onto a special from Big Ray Zimmerman at disgraced ZAI Corporate Finance - a true POS that is Zibao Metals Recycling. Guess where it does its business? And we have the China AIM Norfolk poll results for you.
If you like this knockabout style you will love my two ( or maybe three) presentations at UK InvestorShow on April 18 in Westminster. As of now fewer than 100 of the 2000 tickets are still available. Book yours now HERE
3539 days ago
Expect a formal statement shortly but shares in Black Mountain Resources (BMZ) – crony capitalist Peter Landau’s last AIM listed stock – have been suspended today as per Rule 1 of the Casino. That means that the Nomad (RFC Ambrian) has quit.
3539 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?
3545 days ago
My podcast today was delayed by a lot of sleep. But I hope that it is worth the wait. I discuss the next Nomad to face scandal, have some very serious questions for Daniel Stewart PLC and look at Gate Ventures, Mosman, Soco and Gulf Keystone in detail.
3559 days ago
Coms (COMS) is the gift that keeps on giving. In today’s instalment we have wholesale market abuse and the question of when the Nomad might jump ship. Meanwhile the company needs to clarify its financial position. Is it trading only thanks to the support of banks who could pull the overdraft at any time? Methinks yes.
The market abuse first. Yesterday a blog post appeared HERE which purported to give specific details of a takeover bid at 5.6p per share even naming the party. I have naturally reported this to the FCA for giving out information one knows to be false is called market abuse. It is a criminal offence.
Update: The page has been changed.
3588 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.
3597 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.
3610 days ago
The title is self-explanatory. The contents of this podcast are most serious. hapless Nomad Cenkos can verify the lot or it can just admit that it does not give a FF about its regulatory duties.
3632 days ago
If Quindell (QPP) was not in serious trouble with its Nomad Cenkos and facing an imminent suspension of trading in its shares it would have issued an RNS today. It did not. That deafening silence must set alarm bells ringing in the heads of even the dimmest of shareholders - are you reading Tom Dobell at M&G because that means YOU!
The Sunday Times said yesterday that Quindell was urgently seeking a new Nomad. Improbably sources close to Quindell said this was because it wished to draw a line in the sand. As I explained yesterday this is patent bollocks – see HERE.
My sources tell me that Cenkos has indicated to Quindell
3636 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.
3639 days ago
I could not have put this better myself. Posting on the Motley Fool, the incredibly astute Waz Shakoor (who is short of the stock) explains it in the clearest terms. This is going to 0p. Hat tip to Waz who writes:
Writing an RNS can be a real art form, as can interpreting what has been written. That is why the initial reaction to a seemingly positive RNS can often whither away as more experienced investors get their teeth into the exact words that have been used. In the case of AIM, one also has to bear in mind what the NOMAD (if it has any sense of responsibility) will put its name to.
Today's RNS is a classic from Quindell:
3641 days ago
The stand in bosses of Quindell, The captains that will see the ship go under are Mr David Currie and the insider dealing Rob Fielding. Together with the insider dealing Finance Director Laurence Moorse they know that cash is well below market forecasts and that profits forecasts will not be met because there are gargantuan write-offs off goodwill and bogus revenues looming – that I proved today HERE.
In not communicating this to investors via RNS they are breaching AIM Rules and arguably committing market abuse. As such I have written today to AIM Regulation and the FCA, cc’ing in the money grabbing bastard chumps at Nomad Cenkos, requesting that Quindell make an immediate statement fessing up to its true financial position but also that Mr Currie, Mr Moorse and Mr Fielding be investigated for breaching AIM Rules and potentially also market abuse. I write:
Dear Sirs.
3641 days ago
Market abuse covers many sins but one is to give a misleading impression of the value of securities as a result of false statements. Quindell had told investors that it would achieve cash breakeven in Q3 2014. In fact it managed to beat this target thanks to a number of covert measures which hid the true picture. This is market abuse (FCA) but also a breach of AIM Rules. I have therefore written to both the FCA and AIM Regulation and cc’d in the hapless chumps at Nomad Cenkos demanding an urgent investigation. I write:
Dear Sirs.
3643 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?
3649 days ago
Daniel Stewart (DAN) is still listed on AIM - though its shares are suspended - but it clearly does not give a flying fuck about disclosure rules because it has yet to issue an RNS saying that it has lost its license to be a Nomad. So I will announce it on behalf of this POS enterprise. Peter Shea you can thank me later. The ramifications for the China frauds it represents are massive.
3652 days ago
Fidelity is dumping its shares in Quenron (QPP) and I explain what this means. Jefferies is defending IGAS (IGAS) by doing nothing and I explian why it is so foolish to do so. This will explode in the face of IGAS and its piss poor Nomad. A quick ten minute blast - no holds barred stuff.
3652 days ago
I have this morning tried to shake off the most almighty of hangovers caused by the Quenron (QPP) celebrations of last night, by penning an open letter to Cenkos, Nomad ((pro tem) to the fraud Quindell. Cenkos needs to force Quindell to make a statement now regarding margin calls that Rob Terry, Larry Moorse and Steve Scott must be facing.
Their loan agreements with Equities First Holdings LLC which allowed them to dump vast amounts of shares pretending that they were buying have a default clause agreement which means that if the Quenron share price falls below a certain point the three crooks, I mean directors, must either default, hand over more shares to Equities First or hand over cash. I am sure that they will go for option two (handing over more worthless shares) which Equities First will then dump. But investors need to know this information and need to know now. Hence the letter to Cenkos which natch I have cc’d in to AIM Regulation and the market abuse team at the FCA. It reads.
Dear Sirs.
3654 days ago
As you might imagine I am on a bit of a high. The writers on this website have done a sterling job in starting to drag the truth out of Quenron (QPP) and the liar and fraudster Rob Terry and his half witted Nomads at Cenkos. Today's statement is a disaster for Quindell and its shares have tanked. But as I explain in this podcast we still only have half the truth about Terry and his share dumping. Worse is to come.
3661 days ago
The Sunday Times has today unearthed evidence of the cash crisis at Quindell (QPP). Listeners to bearcasts here will not be suprised by this news. So what does Quindell do now? Will the sad excuse of a Nomad that is Cenkos let it respond or must the shares be suspended at once. In an angry and hard hitting podcast I lay out what lies ahead as the shit hits the fan and the shares become worthless. Events are now moving at light speed, the word "vindication" is on my lips.
3678 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.
3685 days ago
Rob Terry of Quenron (QPP) is today once again exposed as a liar of monumental proportions. Even the money-grabbing leeches round at Nomad Cenkos should by now be considering their position as I expose today’s £140 million lie told by Mr 2+2 can = 5.
Shares Magazine promised its readers a hard hitting interview. Bollocks! This is a blow job on paper. No questions about TMC, Himex and the accounting fraud. None about the RNS lies. This is cock-sucking journalism, an embarrassment to our trade. But the gem is a lie that Mr Terry tells unchallenged about his cash position. Let me quote from Shares magazine:
3685 days ago
The IPO of China POS Pressfit (PFIT) and its share price collapse today is yet another disgrace on the AIM Casino brought to you by Nomad Daniel Stewart. In this podcast special Tom Winnifrith examines this IPO, the parties involved and the Conflicts of Interest. Thereis only one conclusion, AIM Regulation must shut down Daniel Stewart at once.
3686 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.
3702 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.
3707 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.
3716 days ago
I am sorry to say this but the research note published this morning by my friend (well he used to be) Simon “Wincey Willis of Daniel Stewart on China Chaintek (CTEK) is a total disgrace. I assume Wincey has been leaned on to justify what is obviously a fraud because Daniel Stewart is earning such vast fees as Nomad and broker to Chaintek. Wincey is a good and honest man and hence he drops covert hints that he thinks Chaintek is junk but I urge him to stand up to the reality that Chaintek and Naibu are engaged in fraud. He should explicitly tell clients to sell, even if that means that Daniel Stewart fires him. Simon do not sell your soul in this way.
3717 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.
3717 days ago
I do hope that someone round at Daniel Stewart, Nomad and Broker to AIM listed China fraud Naibu (NBU) has learned to read Chinese since the crony capitalists FAILED to do adequate due diligence on this POS before it listed. Because I have a little press cutting for you chaps from 2008. If you are not too busy spending the £600,000 you have made in fees from Naibu in the past 18 months you need to read it and then resign at once as Nomad and broker and have the shares suspended. This is a bombshell.
3717 days ago
This is not my dynamite revelation, I merely set the scene…China fraud Naibu (NBU) floated on the AIM casino in May 2012 at 124p. The shares are now 19.5p. So UK shareholders have lost 5/6 of their cash in less than 18 months. So who are the winners from this farce? Well let me introduce to its Nomad and broker Daniel Stewart. This will appall you and perhaps explains why Daniel Cesspit (which also floated Quenron) is trying not to resign.
3717 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:
3717 days ago
Shares in China based AIM listed fraud Naibu have slumped to just 23p today – they were 50p on Thursday before the disastrous interims were published. House broker and Nomad Daniel Stewart (the firm that signed off on the Quenron IPO) stated on Friday that earnings will be 46p this year and that fair value is 50p. So why is it not rating the stock as a buy?
Surely a PE of just 0.45 and share price upside of 140% makes this a screaming buy. The only problem, as Daniel Stewart knows full well, is that this is a fraud
3717 days ago
I feel rather sorry for my old pal Simon “Wincey” Willis the analyst at Daniel Stewart, house broker and Nomad to Chinese Norfolk Naibu (NBU) as he has been forced this morning to publish a note that he knows is nonsensical.
Wincey writes:
3718 days ago
Shares in Naibu (NBU), the AIM Cesspit posterboy Chinese company that claims to make sports shoes are off 30% today at 35p. You cannot say that I have not warned you that this is an outright Norfolk and interims today make that clear. The target price is 0p.
Before we deal with the interims I want you to note that CEO Houyan Lin elected to take his final dividend in shares not cash. That he did so was information that had to be dragged out of hapless Nomad Daniel Stewart (the company that listed Quenron as well as Naibu) – it knew this on 15 August but failed to tell investors until 10 September.
The scrip dividend was at a price of 64.8p. The market price at election time was sub 50p and Mr Lin knew when electing that interims would be dire and see the share price crater. So why did he take shares not cash (which he could have used to buy shares much cheaper in the market)? Because this is a Norfolk and today’s interims make that clear.
The headline numbers look great.
3724 days ago
Apparently at 31p shares in Naibu now trade on a 2015 and 2015 PE of c0.7. Any stock trading on such a rating is either the cheapest stock on this planet or an outright fraud, a Norfolk. Naibu is a fraud. My target price is 0p and this stock will lose its Aim listing soon. It could be very soon. If Daniel Stewart, nomad and broker to this POS – and the firm that listed Quenron – had any integrity it would resign at once as Nomad and broker. As such I ask two questions of Daniel Cesspit.
3751 days ago
Peter Shea is CEO of Daniel Stewart a firm that listed Quindell (QPP), acted as its Nomad and broker from May 17 2011 to January 31 2012 and which was paid handsomely in cash, shares and warrants for its efforts. As Nomad to Quindell it was responsible for ensuring that it did not do things such as hand cash to pals of Rob Terry or lie to shareholders but did it do its job?
3760 days ago
Following the comical trading statement from AIM listed POS China joke company Naibu (NBU) earlier this week – see HERE - Broker and Nomad to this Norfolk, Daniel Stewart, has published a buy note but refuses to answer my utterly critical question. The shares have slumped to 43.5p putting them on a PE of 0.95 and a yield of 13.8% if you believe the forecasts. I do not and am thus slashing my target price from 1p to 0.0000001p and will reduce it further if Daniel Stewart cannot answer this question:
3760 days ago
In the run up to September 30th Quindell (QPP) faces not only a critical cash crunch but also the unpleasant task of filing annual returns for a host of associate and subsidiaries and these will – I guarantee – prove to be a veritable red flag forest. The first of these reports is now in, Brand Extension, and this will shock even the #QPPSAG as they ask where shareholders cash has gone. Do Nomad Cenkos and broker Canaccord – to whose compliance department this article is going – have no qualms about this company?
3772 days ago
As I have noted before Phorm is now weeks (3 weeks I make it) from going tits up having sent $340 million of OTHER PEOPLE’s MONEY to money heaven and blown £10 million since March alone. As it tries to raise fresh equity it is still lying to investors about what went wrong in Brazil and Romania and City firms Mirabaud and Strand Hanson are complicit in this. Yes I used the word lying. Will Phorm please sue me I want to see you in court? You are liars. Liars. Pants on fire. Geddit? And Mirabaud, long term broker to Phorm you appear not to give a flying fuck about integrity as long as you get your commission. How do you sleep at night you greedy and unpleasant dirtbags? Any PLC retaining Mirabaud as its broker or Nomad should be aware that it is in bed with a disease ridden hooker.
I have pointed out numerous times how Phorm has misled investors
3780 days ago
I am sure that AIM Regulation now knows full well who Phorm (PHRM) PLC are. But following my revelation’s earlier today HERE I have asked my good pals to investigate whether Phorm PLC but also Mirabaud Securities (broker) and Canaccord (Nomad) were guilty of market abuse in 2011 and 2012 or of extreme negligence or both or neither.
The letter follows.
Dear Sirs.
3788 days ago
Co-written with deputy Sheriff Nigel Somerville: Four times, or perhaps it is five, we have asked the AIM Regulation Team to investigate whether Roland “Fatty” Cornish and his firm Beaumont Cornish, is fit to continue acting as a Nominated Advisor (Nomad) in light of our revelations about events at Digital Learning Marketplace (DLM) in 2012. We now publish a full charge sheet. If Fatty wants to exercise a right to reply we will publish it. Pro tem we will pass this too onto AIM Regulation.
The Nomad system on AIM is supposed to be there to protect investors and ensure that company directors stick to the rules of the market and stay within the law. Nomads charge a fee for this, which investors pay for: it is their assets in the plc that pays the bill, after all. This set-up is the investor’s first line of defence.
The Nomad is supposed to check and verify all company statements put out by RNS before release, as well as niceties such as whether the company is in ‘close’ period when it comes to directors’ share dealing, compliance with AIM rules and so on.
And so, with reference to the scandal that was Digital Learning Marketplace plc during 2012, we bring you the role of DLM’s Nomad, Beaumont Cornish, in all of this.
1) RNSs of 29 Feb 2012 and 1 Mar 2012 – does nobody own a calculator?
3788 days ago
This October the Crony Capitalists who make money from AIM will gather to celebrate another year of making money as Nomads, brokers, PR advisers, lawyers and overpaid directors at a lavish awards dinner. The poor investors whose wealth has been transferred to the crony capitalists will not need to get their DJ’s cleaned as awards for “excellence” are handed out. But if any pissed off peasants want to revolt we suggest you nominate now for research of the year Mr Kevin Ashton.
Mr Ashton was a star analyst at Canaccord - the firm that sponsors this particular award and which earns big fees acting for Quindell (QPP). Mr Ashton refused
3806 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
3816 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
3822 days ago
Oh dear. Oh dear. If Angus Forrest, the chairman of AIM Cesspit listed Tern PLC (TERN) was having a bad weekend it just got a lot worse as a raft of new documents have fallen into my possession regarding events at DLM (where he was chair) back in July-September 2012. And as for DLM’s Nomad, Roland “fatty” Cornish? Roland, do you just ignore whistleblowers and allow your clients to lie to investors? Fatty you are also deep in the merde now. I have a damning email which you do not wish to seepublished. Oh dear I am not the sort of guy not to publish am I?
But, for now, the Sheriff of AIM has had a good lunch with Mrs Sheriff and is off for an afternoon snooze. I will then start publishing extracts from the documents and emails one by one, demonstrating that Forrest LIED systematically on a range of issues in RNS statements signed off by Fatty. And that his co-director Bruce Leith was in on it all.
3822 days ago
The AIM Regulation Team have confirmed to me that they are already looking into my first formal request to investigate Nominated advisor Beaumont Cornish and its head honcho Roland “Fatty” Cornish. I have today formally requested that the regulators open up a second investigation into what appears to be yet another blatant failure by Fatty to do the job for which he is so generously rewarded.
This all related to a placing undertaking by Digital Learning Marketplace (DLM) , now Alpha Returns (ARGP) in August 2012. The Placing Document stated explicitly that if £300,000 was not raised then any money invested would be returned to investors. Fatty signed off on that placing document. However a subsequent RNS which Fatty again signed off on revealed that less than £277,000 was raised yet all that cash was kept by the company This appears to be a blatant failing by Fatty in his duties as a Nomad and in light of this I have asked the AIM Regulation Team what act of censure it proposes to take against the firm. The letter follows below:
3829 days ago
We give thanks to Comrade Somerville of the 1st Oxfordshire Regiment of the Peasants Army who has come up with a cracking idea for a ninth trophy to be awarded at the AIM Cesspit awards 2014 ceremony on June 30th “Advisor of the year”
This award will be decided by a Judges Posse headed up by the Sheriff of AIM and will be handed out to the Nomad, broker, lawyer or PR advisor which has done most to further the cause if crony capitalism on the Cesspit
3829 days ago
We seem to be having a bit of a run in with Roland “Fatty” Cornish of Nominated Advisor Beaumont Cornish. First there was the little matter of New World Oil & Gas – see HERE. Now we come to events at what is now Alpha Returns (ARGP) and matters from 2012 revealed by Nigel Somerville earlier today HERE
All in all it looks as if Fatty is making a strong late run for the AIM Cesspit 2014 advisor of the year award judged by The Sheriff of AIM, details of which can be found HERE.
But there are other strong contenders and so pro tem I have formally asked the AIM Regulation Team to investigate the events of August and September 2012 and to establish what verification fatty undertook on statements going out in his name. My letter follows.
Dear Sirs,
3849 days ago
This morning’s RNS from AIM Cesspit posterboy Greed Dragon Gas (GDG) plumbs new depths when it comes to spinning bad news as good. The company, its Nomad (Smith & Williamson) and its PR firm (Pelham Bell Pottinger, PR man James Henderson) should all be taken out and shot. This is such a total frigging disgrace in describing black as white. Words almost escape me.
3857 days ago
The Bulletin Board Morons insist that Cenkos, Nomad to Quindell has endorsed the company by publishing a ludicrous buy note with a 90p target. Sorry folks but you do not understand the system and miss the point.
In the City integrated investment banks operates with Chinese Walls between departments. That is to say Cenkos the broker must operate as if it was a different form to Cenkos the Nominated Advisor.
A broker publishes research and helps companies raise money by issuing shares. A Nomad is responsible for regulatory matters. Ultimately it reports to the AIM team and is responsible to the AIM team for ensuring, inter alia, that e very RNS issued by a company has been verified and it’s true.
Hence post the Quindell rebuttal of Gotham
3915 days ago
Poor Phorm (PHRM) …it will have run out of cash within six weeks and so unless it can get away yet another fund raise it will be toast by Easter. But before we look forward to that, I have a number of questions for AIM Cessoit listed Phorm and its former Nomad Liberum about events back in 2012.
On 1st June 2012 Phorm announced that it had managed to persuade an investor to buy 20% of it’s (yet to start up) Chinese subsidiary for £20 million. The implication was that Phorm’s retained stake was worth £80 million and as a read through its operations outside China would be worth an awful lot.
The statement reads.
3956 days ago
The Silverdell (SID) scandal meanders on with Nominated advisor FinnCap, headed by self-important Sam Smith (pictured), insisting that in trousering hundreds of thousands of pounds in fees, it has done nothing wrong. Its Compliance Officer Mr Tubby has conducted a “full review” and found that his firm was not in any way negligent of its responsibilities. Hmmmmmm – a new whistleblower has contacted me.
You can read Mr Tubby’s protestations of innocence and why they do not wash HERE
I now turn to the trading statement of 20th June 2013 when AIM Cesspit posterboy Silverdell stressed how brilliantly it was doing even though its main subsidiary had received a winding up order on 13th June which brought the PLC down by 2nd July. When a company issues a trading statement it will have a minuted board meeting with the Chairman in charge to approve it. A copy of the minute will be passed to the Nomad before the statement is released.
Mr Tubby:
3957 days ago
One gets into a spot of bother with your bank accounts getting frozen in a country where you do a lot of business. But heck, you are on the AIM Cesspit, the accounts are in bongo bongo land so no-one will get to hear about this affair and you know that you will be able to sort the darkies out sooner or later so why should Pittards (PTD) have bothered to fess up to investors. Who gives a FF about AIM Rule 11 anyway?
It is not as if sleepy Nomad (step forward John Wakefield at WH Ireland) gave a damn – he told Pittards that there was no need to bother shareholders with news of this rumble in the jungle. But fear not, since I am an avid follower of the must read publication International Leather Maker I will help Pittards shareholders out by publishing for them the RNS statements they could not be arsed to publish themselves.
International Leather Maker really is a bodice ripper. The most read article of the past seven days is: ECO2L -Climate protection and Leather which relays the “First experiences with the environmental certificate: Energy Controlled Leather (ECO2L) by Dr Thomas Schröer, Verband der Deutschen Lederindustrie (VDL) Dipl. Ing (FH), Jutta Knödler, I-T-G GmbH.” Sod the next series of Nashville, Kylie on The Voice or the Bridge Series 2 this is real entertainment. It has it all.
I digress. My fave new website
3965 days ago
A senior manager at Silverdell (SID) has been in touch and has given me a statement which makes dreadful reading for disgraced CEO Sean Nutley. If the regulators want to nail Sean this is not going to be hard. This statement also makes very awkward reading indeed for Nomad FinnCap.
You can see the rap sheet against Nutley HERE
And you can find out how you can (and should) complain to the regulators HERE
Nutley’s big crime (under market abuse – dissemination) is publishing an upbeat trading statement on 20th June when his main subsidiary had received a winding up order on 13th June (something which brought Silverdell down by July 2 but which Silverdell did not disclose to the market.) I speculated yesterday that perhaps Nutley did not know about Kitsons.
He did. The Whistleblower whose identity I must protect takes it up from here.
3965 days ago
A flurry of “change of adviser” announcements this morning shows that Libertas is no longer operating as a Nominated Adviser (Nomad) to AIM companies. Was it a voluntary act or was it pushed? Will other Nomads now follow suit?
As of Monday Libertas was still in the game with its main corporate financier, Mr Sandy Jamieson, appearing on an RNS for Cesspit posterboy stock Leed Resources (LDP). But as of today Mr Jamieson is now working for Cairn Financial and most of Libertas’s clients including the pointless Leed, have followed him. The rest have gone to other advisors.
One CEO to whom I have spoken
3965 days ago
Under AIM rules the Nominated Advisor to a company has to show that it verified as true and fair any statement used as an RNS. If it cannot show that and investors lost money they can seek financial redress from the Nomad. The Nomad to Silverdell (SID) was FinnCap run by Sam Smith (pictured).
4122 days ago
Some of the Bulletin Board loons out there seem to think that the City is on the side of Sefton Resources (SER) in its libel battle with myself and Dan Levi. Au contraire…our big name backers grow by the day. And today came a fascinating endorsement which should make Sefton supporters as well as its uber expensive bully boy City lawyers Pinsent Masons think long and hard.
I posted an open letter via video this afternoon to the AIM regulation team calling on it to suspend Sefton shares pending a full investigation. Heading over to LinkedIN (Facebook for grown-ups) I see that this video has been “liked” by Tim Metcalfe.
I am not sure if I have ever met Mr. Metcalfe but I know full well who he is and he is incredibly well regarded in the Square Mile as a good and honest operator. He is currently joint CEO of the highly regarded City Corporate Finance house Zeus Capital. But until last year he was MD at Northland Partners. And that is where he knows Sefton from because Northland used to act for Sefton as its Nomad until the two parted company.
Why did the two firms part company? Hmmm.. The fact that Mr. Metcalfe likes my call to have Sefton shares suspended might just give you a hint. Fox Davies was Sefton’s next Nomad and it quit because it felt that Sefton was deliberately misleading investors. I already have the head of Fox Davies called as a witness in the forthcoming libel trial to testify to that. But perhaps there is a pattern emerging here? Do you think Mr. Metcalfe would make an interesting witness in the great libel trial?
Or perhaps now that the City is publically starting to back me the AIM Cesspit Regulation team will finally do something to end this farce once and for all and suspend the shares pending a full enquiry.
Tim – feel free to get in touch at any time.
4215 days ago
Last weekend I exposed how Verdes Management (VMP) a company listed on the AIM Cesspit market had misled investors in a series of RNS announcements as it struggled to say afloat in recent months.
Verdes is a tin pot company rapidly running out of cash. The big questions are for WH Ireland, its nominated adviser (Nomad) and broker. The questions go the heart of who misled investors and the failure of the regulatory system on the Cesspit AIM market.
You can read my original expose here
On AIM the Nomad must sign off on any statement. A Nomad must therefore satisfy itself that the statement is true. If a company issues misleading statements ultimately it is the Nomad that should carry the can, although on the Cesspit this never seems to happen. The broker raises money for a client and takes a commission of (usually) 5% for doing so. Both Nomad and broker are paid a retainer by clients such as Verdes.
Questions for WH Ireland:
4326 days ago
I met up with Roger Lawson of ShareSoc last week to chat about life and record a video ( see below). The son of a miner, Roger is a self made man and commands my respect for that. When I lash out at an aspect of AIM, the City establishment can dismiss me as a maverick. See if I care. When Roger says what he says, members of the establishment who may ignore me have to listen. And what he says can be pretty incendiary.
We discussed how the Nomad system is broken and how Roger would fix it. How fund managers fail to hold PLC boards to account and also how private investors can hold PLC boards to account. Roger did not hold back.
