14 days ago
As at 31 December, the AIM market had shrunk to 753 companies, a 20-year low. The number of new issues last year was just 15 companies, the lowest in AIM’s history since its formation in 1995. The second worst year for admissions was 2022 which highlights the scale of the ongoing crisis facing the market.
299 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
825 days ago
LBG Media (LBG),the owner of LadBible, floated on the AIM Casino on 15 December last year. Its valuation just looks bonkers. With a hat tip to reader TB…
826 days ago
In today’s podcast I look once again at ADVFN (AFN) and the chances of a bid, I look at Wildcat (WCAT) and Tintra (TNT), en passant, as indicators of market madness and finally I have a detailed look at Mercantile Ports & Logistics (MPL), a company that should have been booted of the AIM Casino a long time ago.
938 days ago
As African Potash (AFPO) this company was booted off the AIM Casino after its Nomad quid when discovering – thanks to me – that the company had told grotesque lies to get placings away, it had committed fraud. Chris Cleverley, cousin of leading Tory James who is no longer claiming he wants to buy West Ham, then took Potash to the Aquis lobster pot, changed its name to Block Commodities (BLCC) and carried on telling lies to investors for which the company was censured and fined, after I pointed this out to regulators. Could it get any worse? You bet.
1687 days ago
Diversified Gas & Oil (DGOC), the largest oil company on AIM and an enterprise whose accounts are being scrutinised by the FRC for a wholesale breach of IFRS guidelines, has announced it plans to move from the Casino to the Premium segment of the Main Market of the London Stock Exchange in Q1 2020. Both Avanti (AVN) and Quindell (QPP) made similar promises to try to keep their shares afloat. Neither actually made it off AIM as promised although, several years later, an almost bankrupt Avanti will be delisting altogether.
2372 days ago
Shares in uber-ramped Echo Energy (ECHO) were suspended today after a sharp share price move on Friday forced an admission from the company. Hmmmm, heavy share dealing just before a big announcement. But this is AIM, the world's most successful growth market so that is just a total coincidence just like it always is on the casino. Move along gents..nothing to see.
2454 days ago
The 2005 flotation of Telit Communications (TCM) will - with hindsight - be seen as yet another badge of shame for AIM, the casino which laughably brands itself as the world's most successful growth market. Until 2004 the CEO of Telit & the companies it bought was, in official documents such as THIS, calling himself Uzi Katz. By the time of the IPO that was Oozi Cats. Let us now turn to section 6.7 of that document.
2481 days ago
The AIM casino has hosted the London stockmarket's biggest fraud for almost 40 years (Quindell) and a raft of smaller frauds in recent years. One might almost say that fraud is endemic. Yet, in a consultation paper published this week, the London Stock Exchange (LSE) has insisted that it is not within the remit of its own AIM Regulation department to tackle fraud or indeed do anything about it. This shows a complete contempt for investors - we bank the fees, you bank the losses.
2497 days ago
Worthless AIM listed piece of excrement Servision (SEV) always seems to report its results at the last possible moment to avoid suspension on the casino. In 2016 calendar 2015 numbers (piss poor) arrived on the 30 June deadline day. For 2016 its a slam dunk bet that the numbers (piss poor) will arrive this Friday on deadline day. Why is that?
2504 days ago
Few, other than the clowns such as Marcus Stuttard at the LSE, can argue against AIM having delivered absolutely dreadful returns for investors. Since its launch the AIM Index is down by 5.4% (dividends included). The FTSE 100 has doubled over the same period and the FTSE Small Cap Index is 250% ahead. Actually the numbers are even worse. Strip out a handful of massive winners like ASOS and Domino's Pizza and the AIM Index is into double digit losses. But are private investors who have born the brunt of this wealth destruction now getting revenge with spate of attempted boardroom purges? Yes and No.
Oddly some of the crony capitalists running lifestyle businesses on AIM are
2505 days ago
In seven days time shares in Fusionex (FXI) the drowning in red flags tech company from the Norfolk province of Malaysia will be delisted from the AIM Casino. Yet the shares are up by 55% today at 61.5p. WTF?
2796 days ago
Mkango Resources (MKA) the companyu with worthless (not so) Rare Earth assets in African which no-one else wants and which was trading whilst insolvent at the time of its AIM IPO has released its debut quarterly results on the Casino."When in Rome"...Mkango has marked the occassion with a great big fat lie.
2799 days ago
The message to my daughter on why I'm rooting for Donald Trump really is now live now and can be found HERE. Meanwhile, over the past week we have demonstrated clearly that there is an almighty stink about both Cloudtag (CTAG) - HERE - and also African Potash (AFPO) - HERE. I have presented the evidence to the FCA and AIM regulation, I explain why this is now an acid test for the credibility of the casino and who exactly is in the firing line.
2873 days ago
ShareSoc, home to disgraced ramper Roger Lawson of blinkx, Globo and general infamy, reckons that AIM Can lose its Casino tag but needs reform. On the latter point that seems like a statement of the bleeding obvious but what does ShareSoc demand? Honestly you could not make this stuff up.
2952 days ago
It is 1-1 in the Cretan holidays 2016 Championship. The Mrs and I face a decider later. Right now I consider that is more important than a rigged market like AIM. I cite three instances of this from today and, frankly, consider the draughts championship a higher priority than writing about the Casino. At least the Mrs and I play on a level field.
3051 days ago
Oh joy of joys. I am now enjoying a large ouzo. First David Lenigas leaves the Casino and now this... Roland "fatty " Cornish, the Nomad of last resort, has had enough and has quit as Nomad to the - already suspended - Daniel Stewart (DAN) with immediate effect. What a fucking brilliant day I am having.
That means that if no other Nomad steps up to the plate (and no-one will) Daniel Cesspit shares will be slung off the casino on January 21. Shall we have a party? I'll bring the ouzo, you bring the Charlie.
Meanwhile
3233 days ago
In the disgusting and sordid depths of the AIM Cesspit, the Kingdom of fraudster Rob Terry of Quindell (QPP) infamy the lastest minnow in the headlights is Casino listed Imaginatik (IMTK) - shares in which are up 41% at 8.125p, valuing it at £5.7 million. To see the true Terry stench check out twitter.
3584 days ago
I have flagged to AIM Regulation the numerous failings of Roland “Fatty” Cornish and his Nomad firm Beaumont Cornish. Once again I have written to Regulation today asking it to investigate why Fatty allowed Digital Learning Marketplace to publish as an RNS a total lie in August 2012. My start witness is….Angus Forrest now at Tern PLC (TERN) but then at DLM. Forrest is an honourable man and so has, I suspect inadvertently, dobbed Fatty in to The Sheriff of AIM
My letter follows:
Dear Sirs.
The standing of the Casino that you regulate, namely AIM, is dependent on Nomads who are responsible for the veracity of RNS releases ensuring they are true. In that vein I bring you an allegation made by a fine upstanding citizen Mr Angus Forrest in which he explicitly states that Mr Roland “fatty” Cornish of Nomad Beaumont Cornish signed of an RNS knowing it to be untrue.
Naturally I believe every word that Mr Forrest says and so ask you to investigate this matter. For if this allegation is true AIM must surely withdraw the permissions of Beaumont Cornish to act as a Nomad lest its pristine reputation be in any way tainted.
On August 10 2012 DLM
3619 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,
