For me Laurence Fox will always be Hathaway in Lewis and as he was an actor I assumed he was a virtue signalling lefty git like the rest of his profession. Last week’s Question Time therefore startled me as Fox emerged as a true hero of the thinking libertarian right taking on the woke battalions. He even dared to call out as racist some daft professor of Ethnicity from the joke institution that is Liverpool Edge Hill University as she essentially said that as a white man Fox was inherently racist so could not challeng her assertion that folks were only nasty to Princess Meghan as she is a woman of colour.Monday 20 January 2020
Natch, if one believes the morons, it is only folks like myself, Steve Moore and shorters like Lucian Miers, Carson Block and Waseem Shakoor who commit market abuse by, er, telling the truth. Is it wrong for companies to pay morons as well as whore bloggers to ramp. Having now discovered one company where this is going on I discuss just how big this issue is and whether and why it is a scandal.
Lucian Miers and I have covered Versarien (VRS) many times, looking at the maths as to why the shares, at 79.5p having fallen back a good bit, are still monstrously overvalued. It was one of Lucian’s sell tips of the year HERE and he, and I, reckon that fair value is sub 10p. Eurasia Mining (EUA) is another AIM casino ramp which, on fundamentals, looks to be massively overvalued. I would not be a buyer of the stock even if it fell by two thirds from the current 4p.
The resignation letter from a NED at an AIM listed company is a shocker. So far there has been no RNS. If the company does not come clean on what is in the letter I shall publish in full on Monday as it opens up a serioes of cans of worms which raises far bigger scandals I suspect. I discus this at length. I also look at Plutus Powergen (PG), Zinc Media (ZIN) and in great detail Optibiotix (OPTI) where the professional cynics have got it wrong and need to apologise. I have bought more shares on the back of today’s interims and explain why.
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
The PR person for Plutus Powergen (PPG) is the Cheryl Cole of her world, but even more classy. But not even her charms can save her client from more comment from myself, notwithstanding appeals from head honcho James Longley that I remove prior, harsh but accurate comment HERE.
Dickhead of the decade George Monbiot of the Guradian has a book to plug and is all over the radio. Oh, which decade you ask? Every decade. Anyhow I have swapped emails with Jim Mellon on this as it concerns his company Agronomics (ANIC) which really interests me. I think today;s interims show the shares, at 9.25p are expensive but at a lower level there is a case for buying as I explain. I also look at Oracle (ORCP), correcting an error I made yesterday, Lekoil (LEK), Lamprell (LAM) and urge you to start donating to Rogue Bloggers for Woodlarks HERE.
How different it was eighteen months ago when Investec raised £62.5 million at 160p to IPO Theworks.co.uk (WRKS). Just think about how much coke and how many hookers you could snaffle from crony capitalist Investec’s fees on that deal! Hmmmmmm. You bring the hookers, I’ll bring the Charlie, the lads at Investec are ‘avin’ a party. Today, after just avoiding yet another profits warning, the CEO has been resigned with immediate effect and the shares are just 33.9p. Ouch.
I remember walking last summer, as a practise for my annual 33 mile Woodlarks jaunt, past the town of Keynsham in Somerset. It is named after Saint Keyne, a welsh lady, who reputedly lived by the river, an area swarming with snakes, but through prayer turned them to stone. She was in my mind as last week I was in Whitby heading up to the ruined abbey with Joshua and the Mrs.
In today’s podcast I discuss Mark Slater, his pay and his views on the pay of others. I look at a row between Justin the Clown and Gary Newman. Suffice to say the Clown is acting like a total tit and is 100% wrong. I discuss Kier (KIE), something missing in the Sheikh on the Make scandal at Oracle Coalfields (ORCP) – not just brain cells in the case of those buying the shares, and at Plutus Powergen (PPG) and its free speech-denying boss.
At the time of the tip on January 1 the shares were 4.6p to buy. They are now 6.2p to sell. Not bad but there is a stack more to come at Open Orphan (ORPH) and I expect to be able to sell my shares at 10p+ within months. The boss, Cathal Friel, has just recorded an interview (below) with the investment whores at Proactive which is not as explicit as I am about forecasts but makes some critical points.