934 days ago
I have not written on Octagonal (OCT) for some time, as, on 21 January 2021, it delisted from AIM, following the self-imposed suspension of shares on 24 December 2020. In an RNS of the same day, Octagonal’s statement explained that the suspension was requested due to a complaint from the SEC:
1408 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.
1412 days ago
Today’s RNS from Octagonal (OCT) shows clearly that it tells lies and is thus run by a liar in John Gunn. However it also suggests that its FD, AIM’s worst FD Nilesh Jagatia cannot do basic maths and that its promises of a dividend and share buy backs are reckless in the extreme. Ahead of a GM vote on delisting how can it be allowed to make such pledges?
1413 days ago
Not only have Octagonal (OCT) and its boss John Gunn both been charged by the SEC with breaking Securities laws but both are now shown to have lied to investors in a madssive way via RNS. Today they admit to that crime and then lie again. How on earth AIM regulation think Gunn is fit to run not one but two AIM listed companies, Octagonal and Inspirit (INSP) defies belief.
1425 days ago
In today’s podcast I look at Powerhouse Energy (PHE), Supply@ME Capital (SYME), Pires Investments (PIRI) and Chris Akers, MyHealthChecked (MHC), Inspirit (INSP), Octagonal (OCT) and Remote Monitored Systems (RMS).
1426 days ago
I start with the issue of how we all delude ourselves about how bad bad news can be. My case study is Octagonal (OCT) and the scale of any likely punishment by the SEC. Then should we all jump on board Malcolm Stacey’s green shite bandwagon and abandon any “dirty” old world plays? You see it is not as simple as the old guy claims. Do you remember when he was telling us all to buy Radio stocks back in 1927?
1427 days ago
Facing SEC charges which will destroy its core business and should wipe out its balance sheet John Gunn’s Octagonal (OCT) is toast. But were there warning signs. Is the Pope a frigging Catholic? This site warned you time and time again about this company and also Gunn’s other AIM hound Inspirit (INSP) which is surely also a zero now.
1427 days ago
On Christmas Eve Octagonal PLC (OCT) and John Gunn issued an RNS which is, with the document below, indicates to be a monstrous lie. The Nomad who signed it off, Mr Roland “fatty” Cornish is – as I showed HERE and HERE – massively implicated in this mess and should be struck off by AIM Regulation asap. But back to the Christmas Eve RNS. It looks to be a massive lie, surely now shares in Gunn’s other AIM listed dog, Inspirit (INSP) must be suspended too.
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.
1429 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.
1437 days ago
I start with Joshua’s Advent calendar, Then it is onto tales of boardroom greed and naughtiness at Octagonal (OCT) which is to leave the AIM Cesspit. Based on what I reveal today, where do you think its cash will go? Then it is onto Verditek (VDTK), Bidstack (BIDS) and a second company run by a former Tory MP, Powerhouse Energy (PHE) where the man in charge is sleazy Tim Yeo.
1438 days ago
You cannot say that I have not warned you all so many times that Octagonal (OCT) would end in tears. Corporate Governance and related party deals involving boss John Gunn were shocking and Nilesh Jagatia is, without doubt, the worst FD on the AIM casino. Today came news of a delisting and the shares have collapsed by almost 70% to just 0.7p. I do hope that the Bulletin Board Morons who knew so much better than useless old Tom Winnifrith, were well lubed up.
1700 days ago
For a small company, Octagonal (OCT) seems to get through more auditors at a rapid pace with no less than 3 different firms of auditors for the listed entity in the last five years and two changes of auditors for each of the principal subsidiaries.
1702 days ago
Octagonal (OCT) CFO’s is Nilesh Jagatia a strong contender for the worst CFO of an AIM company. No I lie. As we have demonstrated over and over again, he is not only useless but, almost certainly, bent as well.
2033 days ago
In today’s bearcast I start with missing cat news (there is some hope) and end with news of the ultimate cruel an unusual torture for Andrew Monk. Think of the poor man and donate to rogue bloggers for Woodlarks HERE. I cover Marechale Capital (MAC) and AIM bad boy Leon Hogan, Maestrano (MNO), Redhall (RHL), Management Resource Solutions (MRS), Bould Opportunities (BOU) and Octagonal (OCT). Go on think again of poor Monkey and get the (now) eleven rogue bloggers over the £15,000 mark HERE
2053 days ago
I start by talking you through yesterday's Odd One Out contest explaining the schoolboy error made by Nigel Somerville and others. I look at the Autolus news in relation to Woodford Patient Capital Trust (WPCT) where as a loyal shareholder I shall be attending the May 15 AGM in Oxford with a few questions for Neil "nomates" Woodford. I flag up a shocking little episode at Clear Leisure (CLP) which should make you worry about Octagonal (OCT) and Inspirit (INSP) given that their FD is disgraced Niliesh Jagatia then discuss Management Resource Solutions (MRS) and finally, in detail, Toople (TOOP). Tomorrow I really will read out a Woodlarks heros roll call. Please join that list ahead of then HERE
2145 days ago
In today's podcast I start with the shocking revelations about Neil Woodford's greed and reward for failure. Folks like Nomates are more of a threat to capitalism than Lenin. I am vindicated on Anglo African Oil & Gas (AAOG) and await apologies from the Bulletin Board Morons. I discuss the whole affair including the shameless behaviuour of FinnCap (FCAP). Truly FinnCrap is a moral sewer. I discuss First Derivatives (FDP), offer up my nap buy for Q1 2019 and have some questions that require an urgent answer from John Gunn's Octagonal (OCT)
2693 days ago
Any company employing disgraced Nilesh Jagathia of Teathers infamy is a good bet either to go tits up or to get into a spot of bother for not filing documents properly at Companies House. And that brings us to Octagonal (OCT) PLC where clueless Nilesh does the books.
2830 days ago
Nilesh Jagatia the former FD at now delisted AIM bad boy Teathers Financial (TEA) is now enmeshed in controvery not only over Teather's serial ability to file accounts on time but over how shareholder's cash was used not only on entertainment involving semi clad young ladies but also for apparently personal spending by Nilesh. One hopes that by now the Old Bill and HMRC have been asked to have a butcher's. Amazingly Mr Jagatia remains as FD at two other AIM Companies both, as it happens, run by John Gunn: Inspirit (INSP) and Octagonal (OCT). I have now written to John Gunn.
2832 days ago
Yesterday I revealed a series of 74 "interesting" transactions on the Teathers Financial (TEA) company credit card and some curious payments on the Teathers pre-payment card belonging to Nilesh Jagatia the company's former FD. There is now a very real suspicion that Teather's poor shareholders were paying for Jagatia's domestic shopping at his local Sainsbury's in South Woodford and that he was making withdrawals from the company's account for personal use. I have thus written to the new CEO flip flop Ben Turney who, of course arrived in the coup that saw Jagatia fired. The letter is below.
2833 days ago
The way that shareholders' cash was pissed away on corporate jollies & semi clad young ladies by the former board of Teathers Financial (TEA) has already been documented fully here. But documents have now fallen into my possession, here at Winnileaks, which ask even bigger questions about FD Nilesh Jagathia who is pro tem, still FD at AIM-listed Inspirit (INSP) and Octagonal (OCT). After this bombshell I wonder for how long.
2954 days ago
Octagonal (OCT) published a trading update yesterday which contained some strong numbers from its wholly owned subsidiary Global Investment Strategy UK Limited as follows:
2992 days ago
Pornography, naked women, sheep shagging Taffs. Actually there is nothing of the sort in this bearcast but I mention it just to annoy Kay Larsen,a prudish and stupid PR spinner for Sepura (SEPU). Kay is a really silly cow and we have crossed swords before so I rub her nose in it with her client whose statement today is a scandal. The rozzers really need to have a butchers. Then I cover Modern Water (MWG), Falcon Oil & Gas (FOG) and a trio of uber dogs with uber fleas: Blur (BLUR), Inspirit (INSP) and related party Octagonal (OCT). Then I look at Phil Edmonds creation Sable (SBLM) which is now a month away from AIM casino death. Its sister company is the fraud African Potash (AFPO) and I cover this matter in detail. It looks as if the Mrs will give birth tomorrow so if I take a break and you miss me either listen to the archive HERE or google "tourettes audio" and find something similar. Warning: this podcast contains some very bad language especially for the prude Kay Larsen.
3016 days ago
We know from an Inspirit Energy Holdings (INSP) announcement on 17 May 2016 that Octagonal (OCT) remains a major shareholder in Inspirit and that John Gunn is a director of both Inspirit and also Octagonal. This really is a cosy old relationship between the two AIM POS companies.
3017 days ago
Now that Teathers (TEA) disgraced Nilesh Jagatia has finally published accounts for another AIM POS, we can have a look at how Octagonal (OCT) has valued its investments. We start by looking at City Golf Clubs Limited.
3040 days ago
I start with the bad news for whoever owns Fred Olsen. I think look at Octagonal (OCT), Blur (BLUR), much ramped Keras Resources (KRS), XCite Energy (XEL), Magnolia Petroleum (MAGP), 88 Energy (88E), Highlands Natural Resources (HNR), Sareum (SAR) and then a joke IPO called Widecells (WDC), which listed yesterday and is now the subject of a ramp. Feel the stem cells. No actually don't. Just sell.
3049 days ago
After yesterday's farce of John Gunn's Octagonal (OCT) being forced to respond to an article by myself (HERE), it seems that Mr Gunn has been a busy boy.
3050 days ago
Earlier today I flagged up that John Gunn run POS enterprise Octagonal (OCT) had, in April, promised results in June but had not only not published its numbers (never a good sign) but had also parted company with its auditor last month but not told anyone about it. In direct response to MY ARTICLE HERE, Octagonal fished its corpulent and useless Nomad Roland "Fatty" Cornish out of his four course luncheon to issue a statement. It is another comedy classic from Fatty. Boy he does know how to tell em.
3050 days ago
On 29 April 2016, Octagonal (OCT) issued a Post Close Trading Update in respect of its wholly owned subsidiary and primary business, Global Investment Strategy UK Ltd ("GIS"), following completion of the reporting period to 31 March 2016. It that announcement it made the following statement:
3079 days ago
Are you a pissed off shareholder in Teathers Financial (TEA), Inspirit (INSP), Octagonal (OCT) or any other company associated with Justin and Jason Drummond or Nilesh Jagatia? If so you are going to get even more pissed off as I have obtained and publish below a lawyers letter which exposes wholesale fraud and deception at their last outfit Media Corp (MDC). It is shocking.
3094 days ago
On 12 June 2015, Octagonal Plc (OCT) issued a document entitled “Proposed Acquisition and Shareholder Circular” in connection with the proposed acquisition of Global Investment Strategy Limited.
Within this document was a note that explained that Global Investment Strategy Limited had a number of legacy investments including an investment in an entity called City Golf Clubs Limited which was recorded at a carrying value of £240,000 as shown below:
3127 days ago
24 hours to go to UK Investor and I am screaming at all comers, I really hate the days in the run up to the show. Anyhow (it will all be over tomorrow and I hope you have a great time. Can someone bring me a bottle of ouzo to dull the pain afterwards? On today's podcast I look at the Restaurant Group (RTN) and what its profits warning says about the economy and consumer behaviour. I look at David Lenigas associated shite Octagonal (OCT) and its rum and coke statement, Nighthawk (HAWK), London Capital (LCG), Igas (IGAS) and make a general observation about oil prices and oil stocks.
3231 days ago
Today's ramp de jour is Marechale (MAC) which I debunk completely. The same rampers were active in Peer TV (PTV) - see earlier - and Glenwick (GWIK). They are scumbags. I laugh at Lenigas Cuba (CUB) have you seen the latest trade? Then it is onto Environmental Recyclying (ENRT), Octagonal (OCT), LGO Energy (TOAST), Greatland Gold (GGP), STM Group (STM), Phorm (PHRM), Quantum Pharma (QP.), XCite Energy (XEL) and Bahamas Petroleum (BPC), both in my 11 oil stocks to go bust list.
3262 days ago
Jabba The Hutt is no longer on the board but he ramps shares in Octagonal (OCT) on twitter and his pal from Inspirit (INSP), John Gunn, runs the show. Piss poor interims were out yesterday but being Jabba related they contained a clear breach of AIM Rules - just what was it trying to hide?
3263 days ago
I am still on the prescription pain killers as you may be able to guess. And I am still pondering what to get the Mrs for Christmas - any ideas please post away in the comments section. I end with a question for Jabba The Hutt and Afriag (AFRI): tell me David Lenigas what is happening on January 20 2016? In the podcast I cover Infrastrata (INFA), disappointing news from Armadale Capital (ACP), Inspirit (INSP), Octagonal (OCT) - two John Gunn /Lenigas creations - Asian Citrus (ACHL), eServGlobal (ESG), Impact Holdings (IHUK) and ask the question could WH Ireland (WHI) - full dossier on its sins HERE - run out of free cash soon? The answer after today is that the pensioner muggers could well do so. Karma.
3282 days ago
Once again sincere apologies to Jabba The Hutt groupies for failing to pick up David Lenigas on anything in yesterday's podcast. Before you all get cold turkey, I have a few observations about Octagonal (OCT) nonsense today.I start with a look at React Energy (REAC) a trainwreck involved in green energy shite. I suggest that anyone who believes in this hocus pocus nonsense should read "The Real Global Warming Disaster" by uncle Chris. Then it is onto Anglesey Mining (ATM), Golden Saint Resources (GSR), Slater & Gordon (TOAST) and Northern Petroleum (NOP). See you all tomorrow at Gold & Bears in London.
3286 days ago
I have already demonstrated that the “investments” made by AIM listed Octagonal (OCT) – director Da vid Lenigas – are not worth anything like their stated value and that balance sheet support is illusory. But at least there was some cash. Or there was. Time for an explanation Jabba.
3296 days ago
Anyone who was mad enough to back the Octagonal (OCT) placing at 2p this June is already 57.5% down. I guess by the standards of most David Lenigas placings of late that has to be viewed as a roaring success. I first touched on Octagonal as a car crash underway HERE and yesterday discussed its first rum and coke balance sheet entry HERE. But it gets worse (for Dave) and better for me.
3297 days ago
Those mug punters who backed the 2p £1.7 million placing by David Lenigas AIM POS Octagonal (OCT) in June as it snapped up GIS, a firm owned by Big Dave’s pal John Gunn, have done better than most folks backing the fat Aussie share ramper. The shares are now 0.85p to sell, so in five months they have only lost 57.5%. Compared to other Lenigas car crashes that is not too bad. Now let’s start a series looking at what they actually bought.
3299 days ago
Having been warned off by the thuggish PR to David Lenigas (HERE) I have asked AIM Regulation to get the low down on Big Dave's trades or otherwise in LGO Energy (see HERE). And then what next? Aha Octagonal (OCT), an AIM listed company where the aforementioned Mr David Lenigas is involved - needless to say its shares have slumped. Then it is onto Nanoco (NANO) and Wandisco (WAND) as well as Lonmin (LMI). Finally I commend to you last night's BBC programme by Hugh Fearnley-Whittingstall on waste and the supermarkets. Can Malcolm Stacey reallysay the are ethical investments? I commend you all to watch it. Remember I grew up in a hippie self-sufficent family so maybe I am biased but I was horrified.
3452 days ago
A pot pouri of a podcast today starting with the pronounciation pedant, the great Paul Scott. Then onto a cracking Zero Hedge article on how we should have treated the banksters in 2008 - we should have followed Iceland. Then on to Greece, Octagonal, Trap Oil, Nyota, Sefton, Afren, Alba Minerals, Monitise, Power Capital Global and Windar Photonics.
