TomWinnifrith
Welsh Hovel
Greek Hovel
Woodlarks
About

All Stories

Touchstone: The staggering cost of the Jerry Keen scandal

Tom Winnifrith
Friday 15 August 2025
I am not certain if the FCA is going to do anything about the Touchstone Exploration (TXP) scandal where the company said it had raised £15,375,000 million on May 8 only to fess up weeks later that brokers led by Keen’s Oak Securities had welched and that in fact it had only raised just over £5 million. With Keen making a series of excuses before the final welching, he created a false market and Touchstone’s balance sheet was left holed beneath the water line. Now it gets worse.

Filed under:

About Tom Winnifrith
Bio
Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
Twitter
@TomWinnifrith
Email
[email protected]

Click here to listen the old-fashioned way.

Recently Featured on ShareProphets
  1. Tom Winnifrith Bearcast: As we all pray for Magna Carta I wonder do I dare think Nigel Wray has it wrong?

     

  2. Hamak Strategy: surely this is an RTO and a prospectus is needed? Where is the FCA on all of this?

     

  3. Video: Greg Orrell - Why Gold & Silver Are Surging

     

  4. Hamak: not 1 but 2 death spirals, what’s not to like?

     

  5. Tern Open Offer flops- without a firesale it will run out of cash in less than three months

     

  6. Eco Buildings: bear squeeze possible? something not right

     

  7. Tom Winnifrith Bearcast No 3: Predator, I just don't believe you

     

  8. DYNAMITE: Cirata, a whistleblower writes

     

  9. Tom Winnifrith Bearcast No 2: Could one of my tips of the year be about to multibag?

     

Sign up for my weekly newsletter








Required Reading
  1. 18m person Japanese study shows covid jabs increase death risk: Conservative Woman

     

  2. Mark Steyn: The Great Big Convoy

     

  3. Damning review of Nicola Sturgeon biography by JK Rowling

     

  4. Tossers at the Oxford Union think Tory Peer Hedge Fund Manager represents the Despised Working classes more than author & Dagenham firefighter Paul Embery,

     

  5. What's the Point of Private Eye? The Daily Sceptic

     

  6. Obesity will starve the NHS: Unherd

     

  7. Mark Steyn: one year on from October 7

     

  8. The press & the US Election: they see their corruption as heroism - RCP

     


Recent Comments


I also read
  1. Caroline Glick

     

  2. Mark Steyn

     

  3. Mark Wadsworth

     

  4. Melanie Phillips

     

  5. Order Order

     

  6. Peter Hitchens

     

  7. Tim Worstall

     

  8. Wexboy

     

  9. Zero Hedge