243 days ago
I start with some pre Christmas chit chat and then turn to my own actually related experiences this week with Britain’s worst delivery company Evri, formerly Hermes. They tally with a Daily Mail expose today HERE and have lessons for all investors about rebranding and screwing non shareholder stakeholders.
1563 days ago
Last week I exposed how Verditek (VDTK) had misled investors in three placings by NOT informing them that previously announced contracts had not gone ahead and on Tuesday the company fessed up to this. But misleading by omission ahead of a placing is one thing. Actively lying is far worse and thanks to Winnileaks I can now demonstrate that Verditek has done that not once but at least twice.
2926 days ago
Gold investors are a little worried in the last week. On election night, gold shot up $60, while the DOW went down 800 to 900 points. In the morning, gold was down and the DOW was way up! Some people are thinking we are back in a bear market, we need to sell everything- gold is done. Jordan Roy-Byrne argues that this is exactly the wrong kind of thinking. He says:
2942 days ago
I am now aware that the FCA has been asked to investigate whether Mosman Oil & Gas (MSMN) has been misleading investors in its RNS releases with regards to the Murchison permit operations. The matter does seem pretty black and white to me.
3052 days ago
You would have hoped that having been dumped by the sensible folks of Twickenham at the last election, mad old Vince Cable would scuttle off back into the undergrowth never to be seen again. As a nation, we prayed that the man who predicted 17 of the last 4 recessions and who fought valiantly on behalf of the Quindell fraudsters demanding that the FCA investigate wicked fraud busters would never been seen again. But oh no.
3059 days ago
In this podcast I discuss pruning here in Bristol, an update on the Gooseberry crumble and then the lessons about how folks behave as investors or rather gamblers we can learn from the Worthington (WRN) fraud which must now be brown bread as explained HERE earlier today following news on Friday. That section also mentions Cloudtag (CTAG) and tech stocks. Then I look at commercial suicide, the curse of the tipster and Bluebird Merchant Ventures (BMV).
3198 days ago
Independent Resoures (IRG) is almost bust and will do a placing to keep the lights on very soon. But its shares are up by 185% today at 0.3p thanks to an RNS which is a spoof aimed at fooling mug punters. It has worked, never underestimate the stupidity of AIM investors.
3276 days ago
From failed ISDX investment company Black Eagle, c/o Peter Redmond, to Silver Falcon (SILF) this is a tale of City greed and white collar crime by private investors. It makes me feel utterly sick. All the usual suspects feature: the scumbags at Optiva, Peterhouse Corporate Finance, Redmond, Geoff Dart. Vomit, vomit, vomit
3282 days ago
So says the sage of the ShareProphets comments section. His thesis is a) that if tipsters were any good they'd be coining it in as investors themselves and b) that they are just talking their own book. He cites the Mirror journalists the City slickers who were sent to prison for pumping and dumping.
3465 days ago
GLI Finance (GLIF) has updated its loyal investors on a 7.1% increase in net asset value per share in the first quarter of 2014 and that the finance platforms in which it has invested “are all performing well, many are ahead of our expectations and we expect significant developments in the second half of this year”
3579 days ago
It is a day for being angry. I mention in this podcast my anger at the way AIM CEOs are rewarded for failure as part of a system that just screws ordinary investors and that can be listened to HERE. In my personal postcard I look at how our politicians lie about the problems at the bottom end of the housing market and refuse to tackle them because they simply will not admit to the truth.
3618 days ago
Citi Link went tits up on Christmas Eve. In this podcast I examine how management behaves when on the precipice and then suggest that there will be a raft more administrations in the coming weeks. Finally I suggest that this shows the perils of blindly following celebrity investors.
3643 days ago
I was thinking, as I rode home through ghostly olive groves illuminated by a full moon, about the mindset of Daniel Stewart employees who want to beat me up. My crime is to point out the fact that they have earned vast sums by floating and raising money for frauds, so screwing ordinary AIM investors.
I do not claim to be an Angel but I do not regard pointing out the wickedness of this as being a terribly bad thing to do. But the Crony Capitalists who have grown rich on AIM, the Nomads, brokers, PRs and boards really do not like hearing this unpleasant truth. They actually think I am a bad guy for rocking the boat and as such wanting to beat me up is acceptable.
In 2014 the Crony capitalists have had a good year. Investors on the AIM Casino have had a shit year. I explain why the system is flawed, why the City does not understand the anger we peasants feel and how we peasants ( ie investors) need to start taking concreate steps to make our anger known.
We have 50 free copies of Tom's Book "The 49 Golden Rules of Making Money from Shares" which covers these issues and others to give away today. For your copy fill in the form HERE
3649 days ago
Quindell (QPP) denied on Friday that it had lost a contract with a leading North West based Claims Management Company. Hmmmmm. In this podcast I look at the nature of what that contract originally meant and why the contract has not been terminated (yet) but what is really going on. The reality is that the cash crisis at Quindell and the need to fiddle its stated cash position is forcing Quenron to take actions of which investors have no idea. Let me enlighten you all.
3774 days ago
US Oil & Gas (USOP) once issued an RNS at 10 PM on a Friday – that Liam Mcgrattan is a comic genius. But he serves to demonstrate a valid point: if a company starts issuing RNS statements well after 4.30 PM this is a red flag that you should not be invested. Not a reason on its own but the sort of red flag that catches the eye.
The charitable explanation for an RNS issued at “no-one is watching O’Clock” is that the company is very badly run and just cannot communicate effectively with investors. Okay, that is not a hanging offence but it hardly inspires confidence does it?
