711 days ago
After my weekend revelations, following on from Friday’s bombshell admission of rank dishonesty, I had expected Kinovo (KINO) shares to be suspended by now. For those weekend reports suggest that, very soon, the company will be reliant on its banks for survival. I have written to the Oxymorons at AIM Regulation about what is a major scandal of non-disclosure.
719 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.
1495 days ago
Canaccord quit as Nomad to Versarien (VRS) partly because of the social media antics of its CEO Lyin’ Neill Ricketts. Obviously, new Nomad SP Angel does not care about that as it was happy to act for proven fraud MySquar (MYSQ). Do John Meyer and his cronies have any standards at all? And how will AIM Regulation take Neill’s latest lies
1496 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.
1524 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.
1531 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.
1531 days ago
Yet again shares in Versarien (VRS) have risen on a rumour which appears to come from the company itself. Once again there is a false market and so once again I have written to AIM Regulation urging it to force the company to come clean.
1538 days ago
Versarien (VRS) has today issued an RNS which suggests that its Nomad, Bobbie Hilliam at Canaccord, has allowed it to drive a coach and horses through AIM Rules 10 and 11. I have written to the Oxymorons at AIM Regulation asking that Versarien and Hilliam be sanctioned and that it force the company to issue a clarifying RNS.
1541 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.
1542 days ago
As part of the ramp of Versarien (VRS) shares in the summer of 2018 ahead of the September bailout placing, the company announced a string of exciting deals. Hmmm. Given that revenues from graphene are still negligible maybe it is worth hapless Nomad Bobbie Hilliam of Canaccord asking a few questions. He would not want to get caught with his trousers down as he did with the Quindell fraud would he? Take the 18 June 2018 RNS “Collaboration agreement with MediaDevil.”
1543 days ago
In today’s podcast, interrupted by the pest Lucian, I look at Chris Akers and what he knows about Dev Clever (DEV), at Versarien (VRS) and an RNS from February 2017 which I urge its hapless Nomad Bobbie Hilliam at Canaccord to consider carefully as his client runs out of money again, at Andalas (ADL), Eurasia (EUA) and Tesla (TSLA). I consider the woes of Bidstack (BIDS) and a company with even less money, the curious trading statement from Zoetic (ZOE) and then do the maths, again, on UK Oil & Gas (UKOG).
1551 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
1561 days ago
AIM Regulation has now acknowledged my complaints about the secret chatroom inhabited by Versarien (VRS) boss Neill Ricketts and his disciples where Neill told them what to post on Bulletin Boards and where the disciples discussed how to get around insider dealing rules and how to attack me. The complete radio silence from Ricketts since then suggests that investigations are very much ongoing. In that vein I have another matter to raise with the regulators, that of possible investor deception. My letter just sent is below.
Versarien PLC – is it deceiving investors with misleading RNS May 9 2019
To AIM Regulation
cc Bobbie Hilliam, Canaccord
Sirs.
1570 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.
1570 days ago
Yesterday’s shocking expose of how Neill Ricketts of Versarien (VRS) was using a private chat room to pass unverified and price sensitive information to select investors should have forced AIM Regulation and hapless Nomad Bobbie Hilliam of Canaccord to act. So far nothing. So thanks to Winnileaks I have more screen shots, maybe this will finally see order restored…
1571 days ago
Last year I forced Versarien (VRS) to issue a clarifying RNS after Neill Ricketts made unverified and it seems untrue claims on twitter. Nomad Bobbie Hilliam at Canaccord read Ricketts the riot act and his twitter outpourings have been greatly diminished. But I can reveal that he has a new conduit on a private chat group on Discord. I doubt his Nomad or AIM Regulation are aware of it but thanks to Winnileaks they will be soon and will be horrified as I have a series of screenshots to share.
1596 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.
1719 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.
1741 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.
1774 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.
3065 days ago
Up until it quit as joint broker to the Fareham fraud, Canaccord had its tech analysts urging clients to buy shares in the POS Quindell (QPP). Four days before the Globo (GBO) fraud saw its shares suspended the same monkeys published a buy note on that stock. And now for the hat-trick.
3067 days ago
Just think about the late Richard Nixon. It is sometimes not the act but the cover-up that nails you. Having described my bombshell article yesterday as "innacurate", InternetQ (INTQ) has spent the past 24 hours attempting to hide the evidence that allowed me to ask such grave question. Presumably Non Executive Chairman Tim Weller and advisers RBC capital Markets and Canaccord are happy about this?
3068 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.
3068 days ago
The Nomad and broker team that brought us the Globo (GBO) fraud from Greece was RBC Capital Markets and Canaccord. This dynamic duo act for another Greek Company InternetQ (INTQ). And here I am - with a hat tip from a good reader - reporting on the spot in the Hellenic Republic with some very hard questions for InternetQ. The GlobalShortingConspiracy also has agents on the ground in Moscow and Poland as well as myself in Greece. This is, as they say, developing...
3106 days ago
Is this the worst research note in history. Buy a fraud at 30p target 90p with suspension happening within days. How Canaccord must be wishing they could bring back Kevin Ashton as their tech analyst now? This dreadful note is below. Enjoy.
3379 days ago
Kevin Ashton was the analyst at Canaccord tasked with covering Quindell. When he handed in a note refusing to say buy or set a price target Rob Terry told Canaccord it would be fired as joint broker if it published it. So Ashston was fired. He is a feared analyst with a forensic mind and great integrity and he will now be speaking at the UK Investor show on April 18.
3421 days ago
Law firm YourLegalFriend will tomorrow launch an initiative aimed at pursuing both Quindell PLC and its current board of directors as well as Rob Terry in order to get back the vast losses suffered by investors in Quindell.
Yourlegalfriend is a well-established firm of lawyers run by Colin Gibson, a KPMG-trained accountant (nearly 10 years with the firm), who was later a listed company FD then CEO on first a main list then an AIM listed company for a total of around 8 years.
I have spoken to Mr Gibson and he understands the issues and is serious in pursuing this matter. I have urged him to widen the action into pursuing Canaccord, Cenkos, Daniel Stewart, Redleaf PR, Bell pottinger and KPMG and he states that as more evidence emerges that the scope of the action is likely to be widened. The release that will be issued tomorrow follows. I urge all Quindell shareholders who have lost money on this fraud to contact Mr Gibson and his team first thing tomorrow.
QUINDELL INVESTOR CLASS ACTION UNDER ACTIVE INVESTIGATION
3425 days ago
The chocolate teapots that are the SFO/FCA have prosecuted just 46 people for insider dealing and 29 have been found guilty and not one has been sent to prison. But the scale of Rob Terry’s Quindell crimes mean he should be the first. I suggest he face the maximum 7 year prison stretch and a fine of £19 million (fines can be unlimited) – the question is how many times has he dealt on inside knowledge.
We know when he made a net 7 million quid on November 5th from share sales ( which he said were buys) that he did so knowing that Canaccord had quit as joint broker – information not released to the market. That is slam dunk insider dealing.
3426 days ago
No apologies but this Bearcast contains strong langauge. Fraudster Rob Terry has dumped nearly all his Quindell (QPP) shares. It is time for the morons to apologise to me as I am now 110% vindicated. I discuss lessons learned (other than do not mess with the Sheriff) and also what folks should do next. Start by apologising to me and my staff then have a measured go at Terry, AIM Regulation, Cenkos, Daniel Stewart, Canaccord and KPMG.
3434 days ago
Quindell (QPP) shares have dived again today to just 57.75p. Remember when they were 600p plus and all those analysts who now refuse to tell you to buy said that the shares were worth £10 plus? Oh Daniel Stewart, Canaccord and Cenkos where are you now, you bent motherfuckers? The questions today concern the lack of buying.
3438 days ago
We have received not one but two MORE bullyboy lawyers letters from Canaccord. The adviser to Quenron’s abortive move to the main market and until last week co-broker to the fraud that is Quindell does not even want us to quote from its recent volte face note on Quenron. You will no doubt have seen Canaccord notes on other matters quoted verbatim widely all over the media. So why is it so ashamed of this research report?
You will remember that on 21st October Canaccord published a note advising folk to buy Quindell with a 362p target. But last week it withdrew its recommendation and forecasts. It warned of major goodwill and accrual writedowns and raised concerns about the working capital position. In essence it appears to now agree with much of what I have been saying for months.
Canaccord argues we are breaching copyright.
One defence is the public interest and you might ask Canaccord the following questions:
3439 days ago
When Canaccord was ramping Quindell with its crap research notes it was happy for them to be plastered all over the internet. It fired analyst Kevin Ashton who wanted to say sell and ignored his dossier on crimes at Quenron as it just wanted to earn vast fees and commission for acting for Quenron or raising cash for it. How times have changed.
It seems that Canaccord does not want folks
3441 days ago
In this BearCast Special I explain exactly how Equities First Holdings LLC operates. When it sells the shares AIM directors transfer to it and why that means that ALL of the AIM directors involved have broken the law. That is Quindell (QPP), IGAS (IGAS), Cloudbuy (CBUY), IQE (IQE) and Angle (AGL). There then follows the misleading statements. But then I turn to the negligence of Nomads, Cenkos, Canaccord and Hanson Westhouse and why that should be career ending for some. And the to why Equities First and its employees should be struck off by the FCA. This scandal is enormous and for many involved professional disgrace is the least of their worries.
3441 days ago
In response to a number of requests I have created another Quindell (QPP) downfall video featuring all your favourite characters in this gripping tale: Rob Terry, Laurence Moorse, Cenkos, Equities First Holdings LLC, Steamy, bullyboy lawyers Schillings, Canaccord, Daniel Stewart, foxy Bex at Redleaf PR, Paul Murphy and Dan McCrum from the FT, the FCA and of course the press chearleaders for the bulls, Shares Magazine and Zak Mir.
My last Quindell downfall video was recorded when the shares were 138p. You can watch it here.
The shares are now 69p.
3449 days ago
Well done to foxy Bex and her colleagues at PR outfit Redleaf Polhill, until now the spinners for the liars, fraudsters and insider dealers at Quindell (QPP). Foxy and her team have today quit joinng Canaccord on the list of ex-advisers to this POS. And it gets better..
I have just spoke to Redleaf and its invitation to Quenron to present at its annual tech showcase on Thursday has been withdrawn. So Rob Terry won't be standing up and telling a pack of lies later this week. And so now we ask the question who will be next to quit. Vote now with a deadline of 4.30
3499 days ago
I see that various Bulletin Board Morons accuse me of threatening 4,000 jobs at Quindell (QPP). Just for them, I offer a basic lesson in markets and economics.
For starters Quindell will not go tits up or prosper and join the FTSE 100 (ho, ho, ho) because of what I or anyone else writes. In the long run if it generates the cash that its lackey retained analysts at Cenkos and Canaccord predict it will prosper. Of course it will not and that is why it is doomed. Ultimately it is not about press comment but about cash generation or, in Quenron’s case, lack of it.
I do not wish unemployment on anyone and the vast majority of jobs will in Quindell’s case not be lost. If the Holding company – that is Quenron PLC – goes bust then head office staff in finance, the board, HR , etc. will lose their jobs. You are talking dozens of folk here. The administrator will then attempt to sell the individual business units. There are c 54 subsidiaries.
Now
3548 days ago
All the players in the Quindell (QPP) tale are in there: Rob Terry, Laurence Moose, Mark Ford, PR girl Foxy Bex, Steamy from the ridiculous QPPSAG, Cenkos, Kevin Ashton, Daniel Stewart, Gotham City, ebola, the UKLA and Canaccord. I hope you enjoy watching as much as I enjoyed producing this video.
3548 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?
3561 days ago
In 2014 Quindell (QPP) will book revenue of £228 million (28% of group sales) from Industrial Deafness claims where it will generate not a cent of cash. Those revenues are based on the estimates provided by Mr 2+2 Can =5 Rob Terry and his fellow directors and will ensure Quindell hits EPS forecasts. But anyone looking at this industry must recognise that Terry is bullshitting. Here’s why. Meet The Hearing Clinic.
The Quindell assumption is that as of June it will do 6,000 cases a month. It assumes it will them all. And that it will earn £9,000 per case. Assuming a 15 month average conclusion (the industry average is 20-36 months) it is booking £6500 of revenue for EVERY case taken on within 12 months.
Last year there were less than 20,000 successful cases in the whole of the UK. That number has been static (actually falling a bit) for a while. There were however 60,000 failed cases as ambulance chasers moved into this area from whiplash.
That should tell you that Quindell has not got a hope in hell of generating 72,000 winning cases a year.
So where are the new claims coming from?
3569 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.
3571 days ago
Quindell (QPP) did not issue an H2 profits warning for 2013. Instead it hit targets and managed to get away a £200 million equity raise. Without that cash it would have gone bust in January. But my attention is drawn to the recent Canaccord buy note (page 18) which begs the question of just how Mr 2+2 can =5, Rob Terry, managed to hit his numbers and avoid a profits warning.
Around two thirds of Quindell’s reported profits in 2013 came from Quindell Legal Services (QLS) with the number very heavily second half weighted. And in 2013 nearly all of Quindell’s business was RTA related. Now read what the Canaccord note (remember Canaccord is joint broker so “onside”) states:
3572 days ago
Oh dear. How Canaccord must wish that it still had a proper analyst covering Quindell (QPP). But Kevin Ashton asked too many hard questions of Rob Terry and so found himself on gardening leave. His replacement – Arun George – published a 54 page note yesterday (slashing his target price by 70% and slashing earnings forecasts – see HERE) but absolutely tied himself in knots on PT Healthcare. This is a shambles from the house broker and begs even more questions.
Arun states on PT:
3574 days ago
What happened to Kevin Ashton the Canaccord analyst who refused to publish a buy note on Quindell (QPP)? He was put on gardening leave. A new gopher is in place and he has resumed coverage with a buy stance (quelle surprise as Canaccord is joint broker) and 354p target. That is a 70% cut in target price. Earnings forecasts for 2014 and 2015. It would be fair to say the Mr Ashton would have regarded such a target price as wildly optimistic. Perhaps that is why Canaccord suspended him.
And new analyst Arun George serves up a caveat or two. Try this one
3577 days ago
Cenkos, Canaccord and Daniel Stewart are the three City firms that have made most money from listing Quindell (QPP), advising it and helping it raise cash. For these three City firms Quindell has been an enormous money spinner. And the last published research reports from these three fine houses all advise investors to BUY Quindell stock with price targets a multiple of where the shares are now. But ….
While these firms want their clients to buy shares in Quindell as it keeps the gravy train on the road would these firms risk their own capital investing in the company? Facts speak louder than words.
I start with Daniel Stewart.
3577 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
3604 days ago
Rob Terry of Quindell (QPP) has always been so bullish about his stock urging us all to buy. And he buys shares too – he’d never try to sell would he? Oh yes, I have now seen and email which reveals a very dirty secret indeed. This will shock you to the core. But before we come to the attempted dump let’s deal with the pump.
On March 4th 2014 Quindell PLC used shareholders funds to pay for soft-soap interviewers BRR to record a podcast with Terry in which he was asked a series of very easy questions. So where does Rob think the share price (then in the low 40s) is going? Over to you Rob as he discusses the move to the Main Market from AIM:
