379 days ago
I warned folks repeatedly that this would end in tears indeed in one bearcast on 1 September 2020 noting that this was a major part of “the smelliest nest of vipers on the London market”. I did not hedge my bets. All Active (AAA) raised £150 million and then delisted in the summer of 2021. Today it admits that the cash has all gone and that – as an unlisted entity – it needs an open offer to shareholders to survive. The guilty men who I shall name do not even apologise.
945 days ago
We on this website, have warned you numerous times abut the financial house of cards, built on sand, which is All Active Asset Management (AAA). But still folks discuss what colour Porsche they will buy when they sell. They assume that the shares must be worth at least 80p, based on the current £120 million fundraise closing, at that price, on October 28.
959 days ago
Today has been dominated by exposing the Umuthi fraud. There is a stack more to come on this over the weekend but I hope you have enjoyed it so far. I discuss another couple of aspects of this case and lessons we should alllearn. Then it is onto Audioboom (BOOM) and All Active Asset Management (AAA).
1336 days ago
On the exact occasion of my 7th wedding anniversary I am off to see my father so just a brief bearcast from me. Well quite a long one actually but it is recorded early. I start with Carnival Cruises (CCL), then TrainLine (TRN) and then the stinking nest of vipers that is Asimilar (ASLR), Dev Clever (DEV), All Active Asset Capital (AAA), Mark Horrocks, Chris Akers, Novum and Peterhouse Capital. Hold your noses as you listen.
1422 days ago
I have covered the shenanigans at Peterhouse & Chris Akers ramp All Active Asset Management (AAA) a number of times, notably HERE. At 2p it is valued at £15 million its net assets are, at best, £5 million. Now we have news of management change and this makes the stench ever more overwhelming.