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Tangiers Petroleum – An Apology from me, Questions and Condemnation

Tom Winnifrith Friday 23 May 2014

 

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James Parter revealed some quite disgraceful ramping of shares in Tangiers Petroleum (TPET) yesterday. His analysis was superb and shows why an Australian website was publishing plain untruths about this dual listed company. I suggest reading his article here.

That website then garnered publicity for its shit analysis by paying various UK website owners so send out a promotional mailing. Websites like this, ADVFN, etc are free to access and we therefore run a business model based on allowing financial services companies to send mailings to your mailing list. You know we have to pay our writers somehow!

I am embarrassed to say that OneFreeShareTip – an excellent website we run in partnership with ADVFN ran this mailing. The mailing was sold by the team at ADVFN and we have discussed the matter and they will not be selling to this client again for OFSTD. That is an honourable call by them and the right thing to do. But for what happened I apologise most sincerely. Anyone can offer words as an apology but although it was nothing to do with me, I want to show that I mean it.

I do not wish to make a cent out of this episode as I regard it as an unethical aspect of crony capitalism and so the portion of that sale which RMPC earned will be donated to the excellent Woodlarks charity.

Next we come to the Australian web site company

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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My guest in this week’s show which is sponsored by Open Orphan PLC (ORPH) is a former editor of this website Flip Flop Ben Turney. We discuss the problems with AIM, New World Oil & Gas, Nostra Terra (NTOG), touching on the mud being slung at Ben by some folks but on the real issues that company faces, on Touchstone Exploration, Big Sofa (BST) and many other matters, notably AIM PLC director expenses. I also discuss companies who switch Nomads too often. Yes that includes Versarien (VRS) and its forced change of today. If you like this podcast and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.

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