6 days ago
On 27 April, the fraud [email protected] Capital (SYME) announced that it had issued 2,770,000,000 shares to death spiral provider Venus and on 10 May it announced that it had issued a further 550,000,000 shares to Venus following which its issued share capital is now 40,789,339,950. If Venus was, as some, of the Bulletin Board Morons are suggesting building a stake then it would now have a stake of 8.1 %.
16 days ago
When I suggested Shield Therapeutics (STX) was a nailed-down short, on the basis that it would face a cash crisis by May, my analysis was met with derision by Bulletin Board Morons. “He does not understand biotech, he does not understand Shield, he’s a failed fund manager, he is ALWAYS wrong, he works in a pizza store, he’s fleeing the UK to Greece to avoid jail”, were some of the more polite comments. It is now May, and the shares are just 17p to sell. So, what next?
201 days ago
Shares in Chill Brands (CHLL) have slipped again today to a new year low of 17.75p. Ouch. To think that they were 76p when I published that 60 red flags dossier but of course the bulletin board morons, Seth Freedman et al knew so much better. The question now is about the trading statement and US sales update. What statement you say? Exactly!
492 days ago
Most cash shells are the results of failed businesses and have sod all cash and are run either indirectly by Peterhouse Corporate Finance or by out and out scallywags or in some cases both. And most now trade at massive premiums to net cash and have a shareholder list comprising Bulletin Board Morons diluted to oblivion and scoundrel flippers brought in by Peterhouse and waiting to flip into the first ramp. But here is one that is different and worth a small punt.
522 days ago
You cannot say that I have not warned you all so many times that Octagonal (OCT) would end in tears. Corporate Governance and related party deals involving boss John Gunn were shocking and Nilesh Jagatia is, without doubt, the worst FD on the AIM casino. Today came news of a delisting and the shares have collapsed by almost 70% to just 0.7p. I do hope that the Bulletin Board Morons who knew so much better than useless old Tom Winnifrith, were well lubed up.
615 days ago
What follows is one third of a special report out on Friday on HotStockRockets. To catch the rest (i.e. the other two stocks) you need to sign up here. Before the weekend we published this. Tom Winnifrith writes: Okay, let me clarify. These are not necessarily the cheapest in terms of fundamentals vs price although they are cheap indeed. What I hope to show you are the three stocks which on a one month view have the greatest upside based on fundamentals and catalysts for a re-rate, not just hype from Bulletin Board morons.
780 days ago
Tertiary Minerals (TYM) seems to think that its investors are the dumbest folk going and with the shares up by 75% at 0.32p maybe it is right for today’s news of a £600,000 placing is just an almighty spoof. For starters this is not a £600,000 placing!
993 days ago
Therev are some advantages of being old. Folks like Gary Newman are young so know of Tom Cross only from the glory days of Dana. I remember him as a bit of a chancer in its early days. I discuss that and Parkmead (PMG). Then I look at IQE (IQE) and the bulletin board morons. Tonight I am off to see a whistleblower on one of my old foes and am promised a trove of documents and recordings. Watch this space.
1109 days ago
It really does look like the last days of Frontera Resources (FRR) the formerly AIM listed fraud and purveyor of lies which was so beloved by the Bulletin Board morons. The latest court papers filed by Stephen Hope and Outrider as it battles to seize the assets of the company in lieu of debts on which Frontera has defaulted make for grim reading for promoters such as the whore blogger Malcolm Graham Wood and for the morons on the shareholder list. Read and weep Malcy, this is going to end badly for your boys.
1481 days ago
I should declare that about eight years ago I borrowed C$20 from Kiran Morzaria in a snow bound Toronto and have yet to pay him back so there is a clear conflict of interest here. Not! Cue Bulletin Board Morons screaming about brown envelopes. I digress, Kiran was presenting on behalf of Cadence Minerals (KDNC). Enjoy.
1681 days ago
The Bulletin Board Morons are starting to froth once again about Pantheon Resources (PANR). I cannot see why. Its latest operational update is, at best, opaque. The City's No 1 oil analyst, Zac "The Knife" Phillips of SP Angel puts it far better than I can. Over to the maestro who opines:
1758 days ago
Yesterday I flagged up that, according to a reliable source, MySQUAR (MYSQ) was trying to get another bailout placing away. As ever, the Bulletin Board Morons mocked me. Well guess what happened at 7 AM today?
1761 days ago
Oh dear. Poor old Evil Knievil who has been a perma bull of Watchstone (WTG), the former Quenron (QPP), loftily dismissing claims by Slater & Gordon for £637 million and my analysis as not worth the paper they were writen on. Oh how bullish was the great man, at 141p, just a few weeks ago as he posted his bon mots on a Bulletin Board. The shares have duly plunged to just 97.5p so costing EK and his fellow BB Morons a good packet. Poor Evil. Poor BB Morons.
1777 days ago
Our recent coverage of AIM Bulletin Board Moron darling MySQUAR (MYSQ) HERE and HERE should leave you in no doubt that this is a piece of crap heading for 0p. At the heart of the issues are the related party deals conducted with other Schaer companies which explain most of the "sales" MySQUAR reports. Earlier toady we ran a piece which exposed the dirty business practices of Schaer when he used to operate in the USA, as you can see HERE. Now for part two which shows what an A grade shyster the man is, another reason to exit this stock ASAP before it goes tits up.
1819 days ago
Yesterday morning I ran a piece pointing out that at 0.15p the valuation of PCGE (PCGE) was utterly insane and anyone buying shares (at up to 0.16p!) deserved the beating that would surely follow. It did not take long. At 2.19 PM the company announced it had raised £400,000 at 0.1p. Ouch. The shares are now 0.11p to sell. BBMs 0 The Sheriff of AIM 1. A familiar scoreline.
1891 days ago
Advanced Oncotherapy (AVO) is, as you know, utterly desperate to create buying interest in its shares so that death spiral shysters Bracknor can dump £13.7 million of equity onto the market over the next year. That is not going well and so Advanced today boasts that it has paid investment analyst prostitutes for hire, Hardman, to publish a glossy note. This report is so unbelievably unbalanced that I can only assume that Hardman outsourced the work to the Bulletin Board Morons on the LSE Asylum. Folks can see through this shite and the shares are down by a penny at just 40p bid which is very bad news for Advanced as explained HERE.
1912 days ago
I had brought the bottle below back from Greece for my father. But I know he will understand. It is a very large celebratory ouzo for breakfast as the AIM fraud of the year Cloudtag (CTAG) has fessed up - its hapless Nomad Cairn has finally had enough of signing off on lies and has quit. It gets worse and it is going to get worse still. Bulletin Board Morons and Aidan Earley who smeared and attacked The Sheriff of AIM for repeatedly calling this out as a fraud line up and apologise now you bastards!
1983 days ago
Yesterday, in the late afteroon, Worthington (WRN) promoter Aiden Earley emailed to say that as a result of a bearcast of 4 December he was taking legal action against me. Having relistened to that bearcast HERE he was talking cock. But that was just a pretence, for earlier that day Earley had launched a fantastic website threatening to destroy me which has delighted Bulletin Board morons who invest in frauds. Here are some of the cracking tweets I have received:
1997 days ago
Yesterday Cloudtag (CTAG) finally fessed up that Corvus Capital, the vehicle of dodgy Andrew Regan had dumped all its shares months ago at the peak of the ramp onto unsuspecting Bulletin Board Morons. But there was another belated disclosure of share dumping by Michael Hirschfield, as Nigel noted HERE. Mike who you say? Oooh er missus.
2038 days ago
Oh dear, oh dear. Don't tell the bulletin board morons on the LSE Asylum but the house of cards that is the fraud Worthington (WRN) is now collapsing faster than you can say "golden ticket". Already facing personal bankruptcy proceedings as we revealed here, disgraced Allan Biggar now faces the loss of his marital home as we can reveal today.
2047 days ago
Bulletin Board Morons never get it wrong. That is why despite being multi-millionaires they spend their days imparting wisdom to others on the LSE Asylum. We however are mortal. Here is a share tip Steve and I got wrong. It happens.
2118 days ago
Shares in Gulf Keystone (GKP) could be toast by Friday but I think that incredibly unlikely. That they will crash is a racing cert after today's news. Gulf tells us that the owners of 82% of each of the two classes of bonds have both agreed to support the debt for equity swap. It needed just 75% support so that is in the bag. Next up..the Bulletin Board Morons.
2151 days ago
It is my last full day at the Greek Hovel and I shall miss my life here badly. It is just after three in the afternoon and I sit in the shade in the centre of Kambos typping away with a glass of ouzo to hand (celebrating vengeance after eleven years) watching the world go by. As ever the A Board on the main street of Kambos advertises all sorts of delight at Miranda's little taverna. Fish, grilled meats, toasted kangaroo, the list goes on. Actually I made up that bit about the kangaroo but it might as well have been on the public menu becaase the actual menu is...what is on top the oven today which is chicken and spaghetti.
Miranda gets me
2153 days ago
I warned you time and time and time again not to buy shares in Nyota Minerals (NYO) just because Richard "Piggy" Chase and his fellow boardroom porkers had been given the order of the boot. But of course some Bulletin Board Morons knew better than "a failed pizza boy" and paid up to 0.17p. The shares are now just 0.05p to sell and I have more bad news.
2156 days ago
The excitement which caused the Bulletin Board Morons to cream themselves as they bought shares in Highlands (HNR) at a mammoth premium to NAV was caused by speculation about the DT Ultravert deal. Perhaps it is time for a history lesson. Kerboom!
2164 days ago
I have already covered the shocking covert bailout placing by uber-ramp Highlands Natural Resources (HNR) HERE. But today it has also announced a quite ludicrous bogus disposal which even the Bulletin Board Morons seem to concede makes this piece of Turkish a laughing stock. It involves fellow stockmarket dog with fleas Opera Investments (OPRA)
2179 days ago
You can't be critical of shares in companies that are fighting cancer or of ones beloved by Bulletin Board Morons and Malcolm Stacey. Yes I can! Sorry but shares in Advanced Oncotherapy (AVO) are surely a stonking sell. Then I cover PCG Entertainment (PCGE), and with reference to Teathers (TEA) I look at Boxhill (BOX) which will go to zero one way or another. I have a few comments on Highlands Natural Resources (HNR) but flag up that I am penning a piece tomorrow
2216 days ago
Last week I broke the news that Metal Tiger (MTR) was working on a placing and that Andy Thacker at SI Capital was the broker doing the placing. I dont make things like this up and gave Mr Thacker a chanjce to comment before publishing. I was lambasted by BB Morons for making it up and was told the company would phone me over the weekend to tell me I was wrong. There was no placing, Metal needed no cash. I was accused of market abuse for saying there was a placing. Well guess what?
2231 days ago
Solgold (SOLG) has served up another RNS today which may excite the Bulletin Board Morons but that is perhaps an encouragement to bear raider Lucian Miers who is now short of the stock, selling at c4p.
2245 days ago
I would like to say thank you very much to all those Bulletin Board Morons who ignored my advice to sell shares in Ascent Resources and piled in to buy some more this morning. Thanks to them we were able to offload shares bought for £20,000 around Christmas for c46,000 after costs. Cheers. That will pay for a few ouzos.
2267 days ago
And yet again the Bulletin Board Morons take something of a battering because they thought they knew better. This time it is - essentially bankrupt - Petroceltic (PCI), shares in which have this morning been suspended pending clarification. Ooops a daisy.
2273 days ago
In today's St David's Day podcast I wish my Welsh listeners a happy national day and - especially for you - discuss why sheep porn matters. I then move onto Horse Hill and today's news and why Ben Turney and the other silly rampers are talking shit. To make it simple, I use the analogy of Ms Cheryl Cole and Mr Wayne Rooney. I discuss African Potash (AFPO), letters of credit and thus Environmental Recycling (ENRT) and its fellow FRAUD Eden Research (EDEN). Its PR man Queenie McManus is - I assume - still smearing me as he chats to his pals the Bulletin Board Morons - but the company refuses to meet for an interview. What - other than fraud - is it hiding? I discuss Greka Drilling (GDL) as it heads down the pan and - after today's results from Barclays (BARC) - banks in general and why Old Getafix is wrong to be such a bull.
2276 days ago
Bidder Worldview has made it clear that Petroceltic (PCI) equity is worthless and the fact that the debt trades at 35 cents in the dollar shows that it is right. As such the 3p per share offer from Sunny Hill ( aka Worldview) is the best outcome for idiots who own these shares. That the Bulletin Board Morons are in denial - see HERE - is no shock but leading City brokers? WTF. Prepare to meet an analyst who makes an amoeba look like a multi-brained frigging genius.
2277 days ago
Time and time again we bears warned folks that shares in Petroceltic (PCI) were essentially worthless. But the Bulletin Board Morons - as always - knew better. Tom Winnifrith is just a failed fund manager/pizza boy/alcoholic they chanted as they bid the shares to 20p+. Oh dear folks, this former oil analyst has no sympathy as today Petroceltic received a bid at just 3p per share and that is as good as it will get. The Morons - as ever - just do not know what they are talking about.
2278 days ago
We start with an apology - this has been an awful share tip. If only we were Wildes or Bulletin Board Morons and got every tip 100% right. But we are human. So apologise. Stanley Gibbons (SGI) has announced that it “now believes that for the year to 31 March 2016 the group will report an adjusted loss before tax of between £1 million and £2 million”, that it“is in the process of raising approximately £10 million of new equity” and the appointments of a new nominated adviser & broker (finnCap) and new auditor (BDO). Hmmm.
2279 days ago
No golden ticket for the Bulletin Board Morons, Motive TV (MTV) announced yesterday that it was going into administration - we gave our take HERE. In honor of this event please supply your captions for the picture below by midnight tonight in the comments section below.
2307 days ago
Scancell (SCLP) has today issued results for the six months to 31 October 2015 which is jam packed with scientific waffle which is - I am sure - all terribly exciting and might get some Bulletin Board Morons buying the stock. That would help as the hard numbers on cash don't lie. It is placing ahoy, Scancell cannot dodge this bullet forever.
2307 days ago
Unlike yesterday's podcast this was recorded before lunchtime and, anyway, I am staying sober until after my presentation tonight when I might be less sober. Still there is a good deal of bad language in the Bearcast as I do a concluding section on Bulletin Board Morons in denial with reference on this occasion to Servision (SEV). I also cover more market abuse at Frontier Resources (FRI) as well as Independent Resources (IRG), Plexus (POS), LGO Energy (LGO) and Fusionex (FXI) - reference director's dealings.
2319 days ago
The Sith Lord Zak Mir will be leaving the rebel alliance for good on Sunday. As of now this site is (with the exception of the miserable froggie Thierry who has penned a great piece today) fundamentals only, no TA nonsense. We will do some buy tips but not of that ramping shite Bulletin Board Morons love - this site is becoming more critical and bearish. In terms of the market I comment on the joke that is ISDX in light of Nigel's great article today then onto MX Oil (MXO) - explaining market abuse & insider dealing for Wildes and other morons - LGO Energy (TOAST), Koovs (KOOV), UKRProduct (UKR), EG Solotions (EGS), Webis (WEB) and BMR (BMR)
2322 days ago
It was all so predictable. On 6 January African Potash (AFPO) issued an RNS which was both utterly pointless but also just about credible enough to have the Bulletin Board Morons/Zak Mir frothing. The morons ploughed into the aftermarket - not noticing that the RNS was in fact just confirming that part of a deal already announced several months prior had been completed but that no financials were revealed - paying up to 2.1p per share. The crony capitalists said "thank you very much cannon fodder" on the back of the pump and today came the dump... a placing raising gross proceeds of £825,000 at just 1.7p. However...
2329 days ago
Quelle surprise, the open offer of shares at 4p from Gulfsands Petroleum (GPX) is going to bomb. As someone who called the shares out as a sell at 111.75p to much derision from the Bulletin Board Morons who - of course knew far more about oil and shares than did a dumb alcoholic pizza boy - it is somewhat gratifying to see the shares now trading at 3.5p to 3.75p.
2344 days ago
Jabba The Hutt quit all five AIM Casino boards he sat on today. In this podcast I reveal the events of the weekend and discuss why he may have left. I warn him that the Nationals are on his case and so smearing me will be ever more pointless. And then I look at actions of the Bulletin Board morons who are still in denial. And finally at what this means for the Jabba stable. It is bad news. The best bet for near term zeros are Afriag (AFRI) and Evocutis (EVO) but Rare Earth Minerals (REM), Inspirit (INSP), Solo Oil (SOLO) and LGO Energy (LGO) are also all slam dunk sells as I explain.
2352 days ago
In April 2014 I visited the Athens headquarters of Globo (GBO) to shoot some photos and record a uber-sceptical video as you can see HERE. At the time most Bulletin Board Morons were big Globo fans and I was derided as a mad stalker. Then a few weeks ago we exposed Globo as a fraud HERE whiler the rest of the gutless British press - notably snot-gobbler Dan McCrum at the FT - sat silent until the shares were suspended. Today I thought I'd pop along to see what was left. The answer, as you can see from the photos below, is nothing. Compare these photos with my last lot HERE. Globo's headquarters are walking distance from those of InternetQ (INTQ) and so I recorded a Globo special video which is is also below.
2356 days ago
The pain killers are really starting to kick in and so I must warn you that this podcast contains some bad language. Well quite a lot of bad language actually. On the agenda are the delusional fantasists who are running both Rose Petroleum (ROSE) and Condor Gold (CNR) into the ground. There is an apology on LGO Energy (LGO) but its shares, down again today, are still toast - I discuss what a strategic review means and why Bulletin Board morons are just so blinkered...they are in love you see. Then it is onto Iofina (IOF), Quoram (QRM) and the dog Fitbug (FITB)
2406 days ago
Globo (GBO) is now the No 1 short on AIM and I explain why. Then I take a listener request - this is one off favour - and look at Messaging International (MES). Then onto LGO Energy (LGO) where I explain why the Bulletin Board morons are wrong and my target price is either 0p or 0.2p. UK Oil & Gas (UKOG) is heading down to 0.75p and I explain why. Rurelec (RUR) could well be a zero but is certainly a slam dunk sell. And then it is back to preparing my lecture for the lefty sociology students of the Mrs tomorrow "Capitalism makes the world a better place for all (Greed is Good)"
2410 days ago
On today's podcast I discuss why the looming battle in the High Court is so important and why the morons cheering on Julian Hamilton Barns against my foxy legal team prove themselves morons for doing so. Then onto Fishing Republic (FISH) with more fishiness revealed followed by Gulfsands Petrolem (GPX), Sefton Resources (SER), Capital Lease Aviation (CLA), Record (REC), Auhua (ACE) and finally a long piece on UK Oil & Gas (UKOG), analysing it - something its moronic bulletin board cheerleaders patently fail to do.
2431 days ago
The Bulletin Board Morons want Jiasen (JSI) to sue me for libel. Well let’s make this easy for the Fujian fraudsters. “Jiasen is a fraud and its criminal directors have produced bogus numbers today – its shares are worth 0p.” There is no ambiguity there. Sue me for libel. What is the Chinese for “See you in Court bitchez?”
2431 days ago
I never cease to wonder at the stupidity of some of the Bulletin Board Morons. Today’s interims from AIM Casino China fraud Jiasen (JSI) are dreadful – an abandonment of dividend policy despite the company claiming to be drowning in cash, a warning of how it will explain away that imaginary cash. Shares in this company have slumped in less than two years from an IPO price of 82p to 7.25p (up 1.25p today). Yet the morons celebrate.
2447 days ago
I start by clarifying certain rumous circulating that I am starting new businesses or getting involved with those who do. Au contraire. Very much au ffing contraire. Then it is onto today's ludicrous announcement from Quindell (QPP). I also cover Sefton Resources (SER), Goals Soccer Centres (GOAL), Auhua Clean Energy (ACE) - a dirty AIM dog if I ever I saw one - Asian Citrus (ACHL), Aquatic Foods (AFG), Daniel Stewart (DAN), Iofina (IOF) and of course Monitise (MONI)
Bulletin Board Morons can line up to apologise to me over Monitise and Iofina ( and of course Quindell) at any time. Don't all rush.
2487 days ago
Oh well you cannot say that you were not warned often enough on these pages. To the Bulletin Board Morons who abused us and said we did not know what we were talking about as we warned of impending doom, we say “enjoy poverty peasants” because it really is all over for Afren (AFR). And that is official, although no doubt on the LSE Asylum someone will spin news of administration as a buying signal for the shares.
2570 days ago
My mother was a bit of a hippy self-sufficiency nut in the early 1970s. I spent a happy holiday on a commune in Wales not fully taking in why the dreamers who lived there were so doomed to failure. I wonder what she would think of the Greek Hovel?
At one level I am sure she’d support the idea of eco-loos, ultimate plans to be self-supporting with solar energy and to grow or catch more and more of my own food. But would she be proud of me today as I head out to spray lethal chemicals on the land?
You see the frigana (little thorns that can turn into trees) is back. Last year
2611 days ago
For the benefit of one reader in particular this podcast explains the difference between a share tip and a ramp, it explains pump and dump, it looks back to historic cases such as the City Slickers and explains why Bulletin Board Morons use the words differently to normal human beings.
2627 days ago
Today’s announcement from Afren (AFR) is a total shocker at every level. It is clear that the Bulletin Board Morons really do not get this as the level of delusion in their comments has reached new heights. These shares should be trading at 1p or less. And the apologies should be flowing.
2628 days ago
For the 6th time - the first perhaps for our many new readers - I feel the need to explain what free speech really means and to put the record straight for Clem Chambers of ADVFN (AFN) I hope this explains free speech with reference to the comments board on this website very clearly notably in my piece earlier on ADVFN HERE.
2632 days ago
In today's podacst I explain why so many AIM CEOs and also respected journalists are lining up in the fight against Aiden Earley and the fraud Worthington. I disclose one share trade by Earley that will horrify you and got one AIM CEO to donate £1000 to my legal fight this morning and explain to Bulletin Board Morons why they should support me
2642 days ago
A regular podcast follows later but please allow me to celebrate two big vindications. Dolphin Capital (DCI) was the first company to send me a lawyers letter in my new role - August 2012. Its entire board has just left. I am still here. I dance on the graves of their corporate careers. Next up Coms (COMS) which has just issued a dire profits warning and worse. I have been warning you about this for months to general abuse from Bulletin Board Morons. Perhaps for all the smears, harassment and abuse they might care to form an orderly line to apologise - yet again. The Sheriff of AIM was right yet again, the morons wrong. When will they learn?
2644 days ago
George the olive picker is back in my life and there is no end to his talents. I tried to set frigana on fire and failed abjectly. George gathers a pile of dried frigana – the stuff I slashed last summer – or olive branches from the harvest and whoosh! We have a bonfire. In fact he must have started about 25 as we moved up and down the terraces.
2653 days ago
I stand accused yet again of insulting the entire investment community and of delighting in folks losing money. Au contraire, I delight when Bulletin Board Morons lose money but that is just a small group of those who use BBs.
I think Bulletin Boards are a good thing. They should allow private investors to swap ideas, to pick up on news items they may have missed and to expand the understanding of companies that are too small for the Mainstream Media to both with. So I am a fan. And moreover I, perhaps naively, think that 99% of folks who use them are sane individuals.
However there is a minority – and a vociferous minority to post most often and shout the loudest who are morons. They are morons because:
2668 days ago
I have no pictures of Charon. That is because he always pops up by surprise. If you arrange to meet he is never there. He just turns up and then disappears.
His house is the nearest one to the Greek Hovel. The long and winding road from Kambos does not end at the hovel but turns back on itself and up the next hill. I really had no idea where it headed but one day curiosity got the better of me and I turned my bike around and headed on up. After about a mile and a half you arrive at a ramshackle but clearly inhabited set of buildings, the house of Charon. He is one hill higher up than me. The next range of hills behind him leads straight into the mountains.
Charon is not his real name. It is Nikko but since half the village is called Nikko I stick with the name I gave him when we first met. The poor man was returning from a walk into the village to buy cigarettes. It was a blazing hot day and not being the fittest fellow on this planet he was dripping with sweat. His greying hair is longer than mine and with the sweat pouring off him my mind sprang to Virgil’s description of the ferryman to the underworld. Nikko’s rather long face always looks a little sad even when he is smiling.
There is only one thing worse that trying to chat to someone who speaks only Greek when you speak only English. And that is trying to chat to someone who speaks just enough English to think that he can communicate but in fact cannot. And thus
2712 days ago
On December 5, I was lambasted by Bulletin Board Morons for being beastly to ValiRX (VAL) – the 0.285p in the middle (down by 98% under current management). Apparently I did not understand the science.
My argument was that this POS was running out of money, was ramping its shares with non-news and that a placing was on the way. Well it has not taken long with £800,000 raised today at just 0.2p. Now for the bad news…
2725 days ago
You see my problem is that I just do not understand the exciting technology. That is what the ValiRx (VAL) experts say, well by experts I mean Bulletin Board Morons. We have been here before. Do you remember Monitise?
My thesis with Monitise was that I had looked at the numbers and it was abundantly clear that the valuation was bonkers and that cash would be an issue so I said sell at 50p so repeating my sell at 70p. The shares are now 29p (and are still way overvalued). But apparently I just did not understand the “new paradigm” and so on twitter a fellow called Share Tipster (@2years2go) stated:
@TomWinnifrith text book tosh, cop out! First - understand business, management, market dynamics + new business models old bean!
Whatever. So far I chalk that up as 1 nil to the dull number cruncher versus those who “really understand the technology”. I admit that I am no expert on what Monitise does but I can read a balance sheet and a cashflow statement.
Now that brings me to ValiRx
2735 days ago
I am shitting bricks. Not. It seems that the Bulletin Board Morons are again reporting me to the FCA for market abuse because of Monday’s Quindell (QPP) Presentation HERE. The morons forget that I made a formal request to the FCA to investigate me for market abuse over Quindell weeks ago – natch I have heard nothing. But for once I support the morons in their actions and would encourage all Quindell shareholders to report me and here’s why.
2742 days ago
"Bulletin Board Morons, Cenkos Securities, Steamy & the QPPSAG, Zak Mir at t1psTV, Alan Green, Redleaf PR we have beaten them all, we have beaten them all. Rob Terry, can you hear me? Rob Terry your boys took a hell of a beating! Your boys took a hell of a beating!” And so today’s BearCast special begins. Rob Terry has been forced to quit Quindell but has he really left – what next for this company which is a fraud…
2743 days ago
Those members of Team ShareProphets who are in London are celebrating tonight at the Real Man Pizza Christmas party. Sorry, but no comment moderation until tomorrow, and probably no articles until late. The champagne, coke & hookers beckon - mobiles off at 5.30.
2757 days ago
This should be explicit enough for all concerned. AIM Regulation IS investigating and I expect the FCA andSerious Fraud Office to be on the case too. I explain clearly how Quenron (QPP) and its bosses Laurence Moorse and Rob Terry have committed securities ( as well as accounting) fraud. If they disagree sue me and I shall see the bitchez in Court. But I rather think that Terry et al are going to end up in a rather different Court anyway. For a change, might Bulletin Board Morons rather than attacking me just try to show any factual errors in this damning expose.
2761 days ago
Again what a cracking week have enjoyed from the Quenron (QPP) owning morons who post on Bulletin boards or tweet. The sheer stupidity of these fools defies belief and you cannot help but laugh as you read their deranged thoughts, interspersed with a few posts from our own home grown prize loon Kebab/Kulbas/KB. You can read the full list of fantastic entries HERE
But there has to be a winner. I greatly enjoyed the various entrants from folks alerting us to posters who think that I am a CIA agent, Real Man is a sole trading Indian takeaway, that I changed my name by deed pool from Cochrane, etc. But my paymasters at Mossad insist that I keep that smokescreen going.
DiscoStu almost won with:
2761 days ago
The Bulletin Board Morons insist that the calamitous share price decline at Quindell (QPP) is down to wicked shorters, me, the CIA etc. and point to the purchases of stock by the board. But folks you have been conned, let me reveal who has been selling aggressively (to you, you fools) and driving the share price down, it is the Country Club insiders.
2761 days ago
I explained yesterday why Rob Terry of Quenron (QPP) was telling a total lie when saying that his Mobile Doctor’s operation is worth £140 million – as you can see HERE. Certain Bulletin Board Morons have offered Mr 2+2 can = 5 a “Get out of Jail card” on this one but let me explain why they are wrong and why Rob is still lying.
2770 days ago
Quindell (QPP) has announced what it believes to be a major deal. Oddly certain Bulletin board morons who have in the past been leaked confidential lawyer’s letters by Quenron have been pre-announcing this for days making a mockery of AIM rules re the release of supposedly price sensitive information. But that is the least of Quindell’s crimes.
2770 days ago
Oh dear, even the Insurance Times now scents blood and this week started investigating some of the companies that Quindell (QPP) claims to do business with. No doubt the Insurance Times will be viewd by the Bulletin Board Morons as part of the global shorting conspiracy run by pizza hard man Darren Atwater from Clerkenwell.
Quenron claims to do business with 1000 insurance companies some of them big names. But it appears that some do not actually do business with it any more whilst in other cases the actual business done is trivial. Most appear to be genuine customers but surely Quindell would never over-egg the pudding would it?
2770 days ago
The slump in the Quenron (QPP) share price following yesterday’s disastrous trading statement has brought the Bulletin Board morons out in force. I spent a happy half hour last night having a butcher’s at the LSE Board. I felt rather like one of those Victorians who used to head down to the asylum to gaze at the lunatics in action. I know it’s a bit voyeuristic but just now and again it is entertaining to see these loons in action.
First up is jub_ahmed2002 with this little gem:
2770 days ago
Various Bulletin Board Morons have argued that Quindell (QPP) was within its rights to file smaller company accounts for Ingenie so keeping vast amounts of information from you all. And here is why yet again the morons are 100% wrong, I am right and Quindell has broken the law.
I start with the company’s act which states that if a company is a member of a group which includes a PLC MUST file full accounts. The Companies act defines group as
2782 days ago
Once again this website has exposed fraud, lies and deceit on the AIM casino – with regard to New World Oil & Gas (NEW). The statement from today vindicates everything that we have written and it has vindicated our approach. To the Bulletin Board Morons who attacked our articles as they averaged down I have no sympathy. You were warned but you insulted us. And you know who is next….
We do not produce 72 page Gotham City Research style dossiers when we go after crime on the AIM Casino. Our style is to unpick what is going on bit by bit. It might take 200 articles but we will get there. We do not waste our efforts where there is no wrongdoing whether it be grotesque stock overpromotion or outright fraud. We only go after the bad guys. Sefton, Range, Vialogy, New World, Cupid, Gulf Keystone, blinkx – we have been 100% vindicated. And you all know who is next…..
2788 days ago
Quindell (QPP) has even more subsidiaries than I thought. And now the subsidiaries are starting to have subsidiaries. And more have been started this year. Think of rabbits breeding. You start with just one pregnant female and pretty soon you are swamped. Okay the interbreeding causes a few problems down the line but that is Quenron in a nutshell.
By noon I had counted 18 subsidiaries of Quindell PLC or subsidiaries of subsidiaries which were meant to have filed their annual accounts (for calendar 2013) with Companies House by 30 September 2014 bit had not done so. That will be a small fine for Quenron but at least it stops me poking around for a while. It is particularly the accounts of Ingenie which I expect to be most illuminating.
Bulletin Board Morons
2792 days ago
There have been posts made on several Quenron (QPP) Bulletin Board threads from folks suggesting that they were planning to attend and disrupt tonight’s presentations in Clerkenwell or to have a go at me as I shall be speaking. Just a warning to any morons who are tempted.
You would find my talk education as I am presenting on 10 ways that AIM companies flatter profits to mislead investors and the Quinnovation Group has provided me with valuable source material. However…
To attend you need to have pre-registered. If you have not done so and your name is not on the list you will be thrown out.
2793 days ago
I see that various Bulletin Board Morons accuse me of threatening 4,000 jobs at Quindell (QPP). Just for them, I offer a basic lesson in markets and economics.
For starters Quindell will not go tits up or prosper and join the FTSE 100 (ho, ho, ho) because of what I or anyone else writes. In the long run if it generates the cash that its lackey retained analysts at Cenkos and Canaccord predict it will prosper. Of course it will not and that is why it is doomed. Ultimately it is not about press comment but about cash generation or, in Quenron’s case, lack of it.
I do not wish unemployment on anyone and the vast majority of jobs will in Quindell’s case not be lost. If the Holding company – that is Quenron PLC – goes bust then head office staff in finance, the board, HR , etc. will lose their jobs. You are talking dozens of folk here. The administrator will then attempt to sell the individual business units. There are c 54 subsidiaries.
2796 days ago
I am indebted to reader DiscoStu for pointing out data from the LSE website showing what other stocks are held by investors in some of the companies I am less than kind about. It is sort of a Bulletin Board Moron nightmare portfolio. Why are these fools so attracted to POS stocks?
2797 days ago
I have just been sent this exchange from two complete morons who are long and wrong on Quindell (QPP). As their wealth slips away they seem to think me stopping writing and/or beng executed will stop them facing financial oblivion. Fools. On two counts.
2797 days ago
I saved the last of the frigana for after lunch. Two sessions in the morning left me with one last patch to clear. But first a major problem: My bike was leaking oil. The man at the garage said “go to Kalamata tomorrow” as I bought my second bottle of the day. But I am a changed man.
Three months ago I would have phoned John the bike man in a panic. Today once back at the hovel I got underneath the bike and diagnosed the problem. Tubing had come loose. And I fixed it. Triumph one.
Triumph two came just before dusk as I finally removed the last frigana bush on the property. 2000
2799 days ago
The Bulletin Board Morons do not seem to understand that if an Industrial Deafness case is lost Quindell (QPP) earns nothing it just incurs cost. So the mushrooming of bogus claims will not generate any cash for Quenron although it is happily accruing income on the basis that it takes on and wins 6,000 cases a month. Given that the number of claims settles has not risen above 20,000 across the while UK for many years, it is inevitable that at some stage it will have to write back all or nearly all of its accrued income from ID, prompting a profits warning. It will also mean that Quindell runs out of cash. The only question is when?
As such as a reminder of what is going on I bring you an article from The Times out today flagging up statements made by Insurance giant RSA. It reads:
2800 days ago
Thursday’s news that Visa was dumping Monitise (MONI) was quite clearly a disaster. It must have come as a total shock to Monitise otherwise the director who dumped 1.5 million shares at 44p on Monday (good call mate, BTW) would be heading for prison. And it is a body blow as I explain HERE.
The reaction of Monitise shareholders on the Bulletin Boards has been predictable. None of these who heaped out abuse to me for calling it right as a sell at 70p and at 50p (the latter just a few weeks ago) bother to apologise. That never happens.
Some accept that it is a disaster and have sold. Some accept that it is a disaster but say that they will not sell until the shares recover to what they paid for them. This is a common reaction among shareholders but if you think about t is insanity. The folks overpaid. The fundamentals have got worse.
2800 days ago
I have been goaded into looking into African Minerals (AMI) by Bulletin Board Morons laughing at Evil for being short given that the stock shot up by 47% yesterday. Evil went short at 20.5p the stock is now 25p (valuing African at c£85 million) and falling and I agree with him that the target is near as matters c0p. Here’s why.
The company was set up by convicted heroin dealer Frank Timis. He may not be running it now but has lots of shares. As a watertight rule the heroin dealer always makes money from his companies, shareholders do not. Beware the Timis legacy.
There are two African Minerals – the PLC and the operating company. The PLC – as it has admitted – is almost out of cash. That has to be addressed somehow.
2800 days ago
It was only the other day that a Bulletin Board Moron owning shares in Naibu (NBU) referred to me as Winnifraud, accusing me of making it all up. Hey presto come Friday there were dire interims and t is clear that it is not me that is the Norfolk and the moron saw his investment slump in value by another 40%. Worse is to come as I shall reveal later today. But this follows the same pattern as we have seen with Range Resources, Sefton, Vialogy, Globo, Quindell, Iofina, blinkx, Gulf Keystone, Outsourcery etc. etc. Folks like myself and Paul Scott, the great share blogger, point out obvious reasons to sell and all we get is abuse. Paul posted this on ShareProphets yesterday re Naibu
2802 days ago
Okay its time for the Bulletin Board Morons to apologise to me YET AGAIN – today’s victory is Monitise (MONI), shares in which have crashed to 31p as Visa has said that it wants out. My 10p target price stands.
I told you to sell at 50p on 29th August 2014 with a 10p target HERE
I told you to sell at 70p on 20th February HERE
Bulletin Board Morons who abused me roundly on both occasions starting with Share Tipster (@2years2go) can line up to buy The Sheriff of AIM a pizza at Real Man from noon on 29th September as they apologise. I remind Share Tipster of his tweets of August
@TomWinnifrith text book tosh, cop out! First - understand business, management, market dynamics + new business models old bean!
@tomwinnifrithoh tom, important to understand the business, market and players not just numbers, dear oh dear 0/10 for you!
Today’s grim news? Visa
2835 days ago
Quindell (QPP) Bulletin Board morons it is me again. I have been looking at another of Quindell subsidiary and it begs a few questions for you but also for the Southampton based law firm of Blake Lapthorn and Mark Hepworth a partner there. It’s another Red Flag day for Quindell.
Utility Supplier Services is described as a firm engaged in “the distribution and supply of electricity”. It was set up on May 13 2011 just after Quindell’s IPO with one active director Mr Mark Hepworth. Hepworth quit in December of that year after it was sold to Quindell for an undisclosed sum.
The odd thing is that this company appears to have never traded in its life. It has not bought or sold one single lightbulb
2835 days ago
The attacks on me from shareholders in Quindell (QPP) continue. Yesterday say them produce & circulate a defamatory video alleging inter alia that I had an undeclared short position, that my restaurant was unprofitable, that I was very ugly, that all women hated me and that the Quindell Share price was zooming ahead. How very profound. Ugly is a matter of opinion, all the other points are demonstrably untrue.
The video talked about my past career failings. As those slip further and further into history I am not sure of their relevance but I do not hide them. Funds I managed had an okay 2010 and stormingly successful 2011 but a disastrous 2012 – and I was in charge of them until April 2012. Clearly my time at Rivington was not a great success in its later stages although I am not sure that I am entirely to blame. Whatever, I lost my job and my entire net worth and was left worth minus £250,000. I have learned a painful lesson.
But that was a while back. Heck I may be ugly but I have a stunningly pretty younger wife so you think it bothers me? I know that I have no short position in Quindell. And the Real Man Pizza Company restaurant is profitable.
2835 days ago
I have today written to the AIM Regulation team and to the FCA urging both bodies to investigate whether Quindell PLC (QPP) has defrauded its shareholders by paying large sums to buy either companies that have failed to generate any cash for Quindell (indeed they have burned it) or companies that were worthless shelf companies from mates of Quindell founder Rob Terry. Bulletin Board Morons might not like this but it is their company and their cash (as owners of the company) that has been spent and this needs to be formally investigated.
The Letter Reads:
2840 days ago
This is not today’s Quindell (QPP) main article, the Bulletin Board morons are going to have to wait a bit longer for today’s red flags. However I bring them a couple of press comments to keep them occupied pro tem.
The first is from the Sunday Times. I think it is self-explanatory. But I think rather shows whose side the press is on. And no I did not plant it.
2849 days ago
It seems as if the infamous bear raider is going soft in his old age as he has urged me to stop using a phrase I first coined “Bulletin Board Moron.” I am afraid that I am as likely to take advice from Evil Knievil on how I write my articles as I am on his handy tips for weight loss.
It is true that anonymity on bulletin boards causes dreadfully silly stances to be taken or suggested and attended by a host of muddled thoughts and where I hesitate to offer any immediate solution. But they are just people doing what people do in their usual muddled way.
So I question the wisdom of constantly abusing them and showing contempt.
I think Evil misunderstands me.
2849 days ago
Nine weeks ago after the profits warning from ASOS (ASC), to much abuse from Bulletin Board Morons who looked at price not value, I warned that the shares would fall further from £33 - HERE. They have. But the shares have further to slide and I am today cutting my target price from £20 - see HERE - to £16 and here’s why.
The Bulletin Board Morons reckon that a share that was once £70 should surely be able to get back to close to that level. They say “it’s cheap relative to where it was.” They ignore the fact that it was grotesquely overpriced at £70 but now – on the basis of slashed earnings numbers – it is still rated as a glamour stock. Glamour stocks don’t issue profits warnings.
2849 days ago
I flagged up HERE some days ago the fact that revenues from Globo’s (GBO) flagship Go!Enterprise product seemed not to be growing anymore. The Bulletin Board Morons responded with a claim that Matt simply did not understand that sales were second half weighted. No doubt this is company spin. It is also bollocks.
2863 days ago
Oh gosh this is complicated. Perhaps I am just a bit stupid and a Bulletin Board Moron can assist with answers to the questions about Quindell’s (QPP) relationship with Himex because it is all jolly complicated. Let’s start in July 2013 when Quindell bought a 19% stake in Himex for £1.8 million in cash and 64.8 million shares. Easy...
We maybe not because Quindell stated that the shares were issued so that “Himex will use the investment to accelerate growth”. That is Quindell speak for the shares were issued not to the owners of Himex but to Himex itself.
Now I note that as of the recent trading statement Himex was a subsidiary but Quindell had ZERO shares held in Treasury.
As at July 2013 Himex
2866 days ago
For the third time - perhaps for our many new readers - I feel the need to explian what free speech really means. Neil (poster on Shareprophets this is for you especially). I hope this explains free speech with reference to the comments board on this website very clearly.
You guys can go post links to competing products, spout bigoted abuse and make defamatory comments as you wish. But I am under no obligation to publish them for you. You have plenty of other forums to rant on about immigrants, or the Jews, accuse me of being a crook, attack my restaurant, or promote other publications. But I have no obligation to publish such lies and filth.
2867 days ago
On twitter, on various bulletin boards and on the comments section here on ShareProphets and elsewhere we have come under sustained attack for 24 hours – let me set the record straight. And then I can get back to dealing with the snakes, rats and bats that infest my home for the summer in Greece.
2867 days ago
Most folks who post on Bulletin Boards are decent sensible folk but the minority (the morons) are quite deranged as a case this week involving our own Chris Oil demonstrates rather too visibly. It is truly shocking.
Chris has written a series of articles which have been overtly negative on Rockhopper Exploration (RKH)). He is entitled to his view and gives his reasons. You may agree or disagree or (like me) have no view on the stock. Ultimately if it delivers it will probably go up if it does not it will fall, irrespective of what Chris writes here.
But some Bulletin Board morons simply cannot accept dissent. Slagging someone off on the boards (playing the man not the ball) is standard practice, as I now only too well. But some folks go further, posting bogus dreadful reviews of certain restaurants for instance and encouraging others to follow suit. It is not working by the way fellows, trade is great.
In the case of Chris one Moron signed him up to a series of dating websites. Oh really, how dismal. But one went further, seeking out his home address and phone number and posting it on the ADVFN board encouraging folks to abuse him. That post has been removed but not before someone called up and issued a series of dire threats and abuse.
Chris is away from home right now and it was his 80 year old father who has a heart condition who took the call.
2869 days ago
Suddenly bulletin board morons tweet me in a way that suggests they need to up the medication urgently. Quindell (QPP) shares have leapt by 33% or more to 244p on the back of a trading statement. Those folks who lambasted me for being bearish at 250p and above reckon I have lost all credibility, blah, blah, blah. Whatever… The statement reads well. Superficially – that is to say if you just look at Quindell defined EBITDA, sales (including huge accruals) and EPS numbers. But I have a number of issues and remain a seller with a 20p target and here is why…
2870 days ago
A couple of months ago I got a bit of a flaming from certain Bulletin Board Morons for suggesting that shares in Coms (COMS) were overpriced at 6.1p. It was not like I was saying that I had shagged their wife’s but the reaction was as if I had made that claim. I said – at the time – I’d buy the shares at c4p. After a profits warning on Friday the shares ae 4.33p. Would I buy?
I will cover this again in my video postcard later today if I can manage to transmit it from the Greek Mountain. Had Coms shares drifted gently down to 4p as a result of market ennui and a general realisation by all bar the most ardent of Bulletin Board Morons that the stock was overvalued I think I would have been tempted. But Coms shares have fallen because of a profits warning proceeded by an embarrassing restatement of accounts. As such the fundamentals have changed and so one must reassess the investment case and also ones entry point.
Some of what came out on Friday I knew was on the way. The hapless FD
2871 days ago
I note that the FT is now getting it in the neck from Bulletin Board Morons for running articles on Quindell (QPP) and other POS Aim stocks which are deemed not to be “balanced.” Welcome to the club ladies and gentlemen.
Financial journalists should take a view on any given stock. If a publication served up a stream of articles concluding “we don’t know” or “hold” then you have to ask what is the point? We should say whether any stock is going to go up or down.
If a publication consistently gets it wrong then market forces will dictate that it perishes. No-one will bother to follow its advice or read it and it dies. Those whose who take a view and get it right more often that they get it wrong (no-one apart from Bulletin Board Morons gets it right ALL the time) will survive and flourish.
Financial journalists have a duty
2877 days ago
If I comment on Fidelity increasing its stake in Quindell (QPP) I am damned as an obsessive. If I say nothing I am damned as a coward. So I am damned either way but for what it is worth…
Fidelity – one of the three institutional holders of Quindell has today announced that it has increased its stake by 199,644 shares. That takes its holding to exactly 10% requiring it to issue an RNS. That has caused the shares to spike to 214p as Bulletin Board Morons see this as a vote of confidence. Whatever. As Fidelity’s quarterly performance is reviewed today that will help a bit.
If Fidelity really believed in this company
2884 days ago
Twice in the past couple of weeks I have accused AIM Cesspit listed Astar Minerals (ASTA) of issuing an RNS that was a lie - HERE and HERE. Twice I have been pilloried by Bulletin Board Morons. On Friday Astar ‘fessed up via RNS and its chairman Andrew Frangos called me to thank me for forcing his company to set the record straight. The sinner repenteth, I am vindicated. The Sheriff of AIM is a merciful man and the incident is at an end, I move on.
Astar’s crime was to claim that it had JVs with two Nogel companies which were operators of assets (May lie) or had relationships with big names like Apache (June lie). In fact, as I clearly demonstrated, both were shelf companies. The wider Nogel group seems a complex beast and within it there are entities which could have made such claims but Astar had signed no deal with them. To claim as much was, Frangos admitted to me, wrong.
While the Bulletin Board morons ranted
2891 days ago
As you know I am thick as two short planks and so I am sure that there is a perfectly reasonable explanation for what appears to be another red flag in the ever growing red flag forest at Quindell (QPP). Perhaps a Bulletin Board moron out there can enlighten me regarding the missing 100 million shares?
On 26 September 2013 Quindell announced that it had bought 26% of PT Healthcare by issuing 31,551,270 shares. Do not worry about what it does, Rob Terry told us that it would be earnings enhancing so that’s alright. Quindell said that it had an option to buy the rest of PT for 242 million more shares which lapsed on April fool’s day 2014.
Now please turn to page 18 of the Quindell Annual Report which must be an accurate document sine it is signed off by KPMG. On that page Rob Terry states that:
2893 days ago
Yesterday I posed a number of questions about the purchase of a 19% stake in Himex in July 2013 by Quindell (QPP). Thankfully one question – has been answered by folks who are not Bulletin Board Morons. But that throws up another question and – having slept on it – I realise that I missed out one er…untruth - from that July RNS.
The question answered is how come Quindell did not issue any shares to buy the stake (as per annual report) when it claimed it was paying £9.5 million via 64.8 million shares and £1.8 million in cash?
2898 days ago
I know that I am not as clever as the average Bulletin Board Moron when it comes to Quindell (QPP) but its apparently contradictory statements have me baffled. Perhaps one of the Rob Terry worshipping Bulletin Board Morons out there might help me explain why apparently contradicting statements regarding the Himex acquisition are not a red flag?
I start with the RNS of July 17 2013 when Quindell announced that it had bought 19% of Himex. I quote:
2899 days ago
The two stocks most beloved by Bulletin Board Morons are Quindell (QPP) and Gulf Keystone (GKP). I have got death threats, shit in the post, a hate campaign against my restaurant for questioning both companies. I am not gloating about the losses suffered by “innocent shareholders.” But the losses suffered by those who have tormented me trying to gag free speech and legitimate questioning cause me no sorrow. Quindell shares have plunged today as it failed to move from the AIM Cesspit to the main market (see HERE) but Gulf is also down by 12.5% at 79.3p: blame leverage and Al Qaeda.
To leverage first. The last time I looked 98% of IG clients were long of Gulf and its clients were overwhelmingly long of Quindell too. The slump in the Quindell share price will be causing margin calls across investor-land and that will trigger forced sales elsewhere. Gulf and Quindell are the mainstays of most Bulletin Board Moron portfolios.
Adding to Gulf’s woes is news that Al-Qaeda had taken control of Mosul in Northern Iraq.
2899 days ago
I am busy gemming up on Quindell Property Services (QPS) ahead of the AGM of Quindell (QPP) which I am going to next week. I expect to be lynched by Bulletin Board Morons and will update my will over the weekend. I am sorry to be a pedant and you may regard this as trivial but there appear to be some jolly interesting things about this deal. This may take several articles to explain fully but let’s start with what is the bulk of QPS, that is the 360globalnet business, 360GN.
The first we hear about this is on 28 February 2012 when Quindell announces in an RNS that it has increased its stake in a business where it was a co-founder from 3% to 19% by handing over £900,000 in cash and £1,250,000 in shares (16,666,667 shares at 7.5p) so £2,150,000 in total.
2915 days ago
Bulletin Board Morons always tell me that I cannot be right in saying “sell” because a raft of directors have just bought shares. Au contraire – some patterns of boardroom buying are clear sell signals in themselves.
Let’s take Kenmare (KMR). About two months ago after serving up a dog’s dinner set of annual results five directors bought shares. The purchases ranged from 25,000 shares to 209,000 at between 13.2p and 14.89p. In total 509,000 shares were bought.
There is enough liquidity in Kenmare that they could all have bought on the same day and issued one RNS to that effect (each RNS costs £75 to issue). But they did not. The purchases were deliberately spread out so that four distinct RNS releases were issued on four separate days. It was just a PR campaign.
In truth the scale of the purchases (call it £70,000) paled into insignificance with boardroom pay of just over £2 million last year. When a company goes to such lengths to stress how directors were buying you know it is a sell signal, PR puffery and little else. If Kenmare’s directors really believed the stock was cheap they would have bet the ranch on it. They did not.
And as it happens
2935 days ago
We hope that this explains the concept of free speech to Bulletin Board Morons.
Thank you XKCD by Randall Munroe
2943 days ago
It is that time when I have to hope that I have not lost my passport, boarding pass and other documents. And by a stroke of luck I rummage away in my computer bag and they are all there. I have even been efficient enough to book a ticket for a bus back from Gatwick and all being well I shall be in my bed in Bristol by 3.30 AM on Sunday Morning. But it will not be a long stay in England.
All being well I shall be back in Greece on July 1st preparing to spend three months working both online with my writing (tough luck Bulletin Board Morons if you thought I was retiring) but also on a building site. That is to say, the Mrs appears to have bought a property in the Mani which er..needs a bit of work. In fact it needs a total overhaul.
Taking advice from an Irish pal, working on a building site in the summer heat is a great way to lose weight. And I need a new challenge and learning how to rebuild a house seems like a good one. Greece being Greece nothing is done until it is done but, fingers crossed, the retirement home in the olive groves half way up a mountain has been located. There is a good amount of land with the hovel and a local worker (Albanian natch) and I have done a deal on the numerous olives it produces: He picks and the Mrs gets enough of a cut to pay Greek property taxes and for a few flights.
Anyhow that is all for the future. For now I can think of installing eco-loos ( more on that later) and on grand redesigns, the hard work – I hope – starts in July.
2952 days ago
Oh dear, oh dear… I have warned you numerous times to sell shares in AIM Cesspit listed Iofina (IOF) because it was burning cash and set to run out this spring and today the company has finally fessed up and admitted that I was right all along. The shares have collapsed by 56% to just 24.5p. So Numis (who reckoned a month ago that the shares were worth 156p) how much do you pay the analyst who served up that crap? Give my cat his job instead!
I have been warning about Iofina for more than a year and each time the Bulletin Board Morons responded with:
a) general abuse directed at me
b) claims that I did not understand the Iodine industry
c) references to Numis buy notes with 156p targets.
It is clear that those buy notes were not fit for use as loo paper. It might now dawn on the Bulletin Board moron
2975 days ago
In days gone by if AIM Cesspit posterboy Globo (GBO) issued a release saying that a Non Exec Director had farted three times in a day, the Bulletin Board Morons would have lapped it up and the shares would have jumped 15%. Times have changed and ahead of the results investors are (rightly) shit scared.
And so today, in a rather woeful attempt to reassure all concerned that it is “business as usual” Globo has announced that it has signed a “strategic partnership” with Bechtle Direct in the UK.
Strategic partnership my arse.
2979 days ago
Yesterday I suggested that Iofina (IOF) of which I have been a long term bear was deep in the merde, running out of cash, needing a placing and set to issue a profits warning. Well I guess that is another victory for home team Winnifrith vs. the Bulletin Board Morons as the company has not wasted time with its first warning. Gotcha!
The statement today says that following the construction of the sixth iodine plant Iofina is going for a bit of a changeroonie of plans. The statement crafted by its dickhead of a PR man fesses up:
2979 days ago
At the weekend I challenged Todd Kozel, the grotesquely overpaid CEO of Gulf Keystone (GKP) to record a video interview with me. His Bulletin Board moron fans reckon that I talk cock and so if they are right Todd would wipe the floor with me. I offered to travel anywhere in the world, except to places where Jew Hating bigots might string me up for having an Israeli stamp on my passport – places like Kurdistan, Iran and parts of Bradford. Todd’s PR man says that he won’t do it. Todd is too cowardly to answer questions such as….
The questions Todd should have been asked at the analysts meeting were not asked. Perhaps those who penned bullish notes with daft share prices oh so recently were embarrassed. Perhaps oil analysts these days are just as thick as the oil Gulf pumps out but cannot seem to monetize. Whatever the Bulletin Board Morons might say as a long term Gulf Bear ( the Morons & bigots being bulls) I have no blushes on this one. I have been right so far and remain right. I remain an “out and proud” bear.
So what would I have asked Todd. This is not an exhaustive list but would have fiilled session one of Frost vs. Nixon, Winnifrith vs. Kozel.
2983 days ago
I gather that I am not wildly popular with certain Bulletin Board Morons for my pieces yesterday on Gulf Keystone (GKP). Arguing that the shares could be worth 0p in some circumstances (HERE) or pointing out that its Bonds were now in Junk Bond territory (HERE) was always going to attract some ire. However, the tone of the comments is most instructive. We are in phase 1 of grief.
It is not as if this is the first time I have questioned the valuation of this stock. This site ran a series of articles last May by myself and others suggesting that the shares were overvalued. At that time the comment on the Boards was universally hostile. Todd Kozel (the grotesquely overpaid CEO who dumped all his stock last year) could do no wrong. I and the other critics were just crooks on the make or imbeciles or both. Gulf was THE darling of the Bulletin Boards and anyone criticising this company faced universal slating.
Like I care. It is nice to be vindicated but one receives no thanks for pointing out when a grotesquely overpromoted stock is a slam dunk sell.
But as is always the case,
2985 days ago
The Bulletin Board Morons who a year ago worshipped the ground that Gulf Keystone’s (GKP) grotesquely overpaid CEO walked up and abused anyone who had the timerity to question the valuation of this PR creation have had another dreadful day as Gulf has admitted that it could be bust within ten weeks.
The company has today published its prospectus for a move to the Main Market. The good news is that no equity funding is planned. The bad news is that the cash is running out fast. As at 31st January it had $82 million. But Gulf admits that under certain utterly conceivable scenarios it would be $20 million in the hole by the end of May. How the hell can a company that claims to be producing 13,000 barrels a day burn its way through $100 million in just four months?
2988 days ago
I attracted an unprecedented (even by my standards) amount of grief from Bulletin Board Morons for being persistently bearish on AIM Cesspit listed Range Resources (RRL) all the way down from 5p until December. Then at 1.28p I did not tip the stock but merely ran it as a (successful) trading buy in my Christmas trading challenge with Steve Moore.
That call also earned me grief because by then the Morons (without apologising to me) had decided that Range Resources head honcho Pete Landau was now the devil incarnate. The shares are now 0.82p. Where next?
For what it is worth I do not regard Landau as a devil incarnate. Folks can often get too tied up with personality. Landau may be Australian but then so is Kylie so not everyone from Oz is a bad person. But unlike Kylie who delivers winning smile after winning smile, I am afraid that Landau
3008 days ago
The headline on Edison’s note on Monitise (MONI) out today is bullish “FY 2014 Growth on Track” but then Edison is paid to write this note. Prostitutes do not tell their clients that they had bad breath and a small dick. Read the text and massive cuts to forecasts for the real story. Sorry Monitise but size (of your cashburn) and tumbling forecasts, does matter.
To enormous abuse from Bulletin Board morons I have expressed my own concerns about Monitise recently HERE
3029 days ago
I tipped this stock on my Nifty Fifty website I run with Steve Moore on Monday at a 0.19p offer price. The shares are now 0.19-0.21p and are nothing if not volatile.
For more than a year I was a bear of AIM listed oil technology company Vialogy (VIY). Despite years of non-delivery, of management greed and the fact that it was obviously running out of money Bulletin Board posters abused me all the way down from 2.5p to 0.4p and generally stood by the board. In the end I bought a few shares which I still own, went along to the AGM and “played up” – there was very quick boardroom change in response to “the terror.”
3054 days ago
I get some fairly crazy stuff in my email in-box: Nigerian chain mails, promotions for buy to let in Costa Rica, plus the usual range of Bulletin Board Morons with their crank suggestions. But this one, just arrived, from “All That Glitters” is a clear winner for Bulletin Board loon of the Century. His charges are, you can take it, not exactly true. I reprint in full:
3055 days ago
To much derision from the Bulletin Board Morons, Isaid that this was a sell just under 11 months ago at 111.75p and today the shares are 43p. So is it still a sell or it time to bargain hunt Gulfsands Petroleum (GPX)?
3094 days ago
The dismal nine year tale of woe that has been AIM Cesspit posterboy Cyan Holdings (CYAN) continued today with news of a £1.1 million placing at just 0.15p. The Bulletin Board Morons who abused me, as I have warned of this disaster in waiting for more than six months, lose again.
0.15p – wow. What a horror. Even Cyan says in its statement that it regrets having to issue stock at such a low price. Frankly I am amazed that anyone wanted to pony up even at that price.
3095 days ago
Share tipsters publish their views in their own name and declare a position in a stock covered. Bulletin board posters do neither. Most BB posters are sensible folks but some are obviously morons in that they think the law does not apply to them.
3107 days ago
Rejoice. Rejoice. Rejoice. The man who has lead Vialogy (VIY) shareholders a merry dance for 13 years, proven liar Terry “Junk” Bond is to go. Maybe my Junk Bond T-shirts had some purpose after all. Indeed it seems as if my rescue plan for Vialogy is now going to be implemented in full. It is time for the BB Morons who termed me a wrecker to concede that I am in fact their saviour. Time for frigging apologies all round.
3115 days ago
Paul Scott is very much an independent thinker – he is his own man. No doubt some Bulletin Board Morons reckon that anyone who is shorting Globo (GBO) is all part of some wicked plot involving the usual suspects: Cawkwell, Miers, Earl, Winnifrith, the late Saddam Hussein, etc. Au contraire, it is just that any sentient being knows this is going down.
3122 days ago
3131 days ago
As ever there is stiff competition for this award – I note the valiant self-nomination of Luke Woods. However the winner has to be a poster calling himself “Shareprophets” on the LSE Nostra Terra (NTOG) Board. For the avoidance of doubt we do not post on any board as Shareprophets.
3149 days ago
I gather that Bulletin Board Morons (Motive Television (MTV) chapter) are begging the company to sue me for libel after this piece yesterday. Bring it on. All that I did was point out that the company was technically insolvent as at June 30th and will run out of cash imminently. The facts speak for themselves. But this begs the question: which company will sue me for libel next and so I invite you to vote in a reader poll.
3149 days ago
Motive Television (MTV) wins awards for issuing shares more often and in greater amounts than any other company on the AIM Cesspit. It is a lesson in value destruction, utterly unjustifiable boardroom pay and share promotion via spurious press releases to get yet another funding away. And I cannot see why it is allowed to continue trading. It is bust. But today the shares are up almost 5% at 0.02p with Bulletin Board morons trading like dervishes thanks to a spurious press release. I despair.
3188 days ago
Sefton Resources (SER) has this morning fired its chairman Jim Ellerton from the board. He has been shown to be a liar, a criminal, a man not fit to run a PLC and there will be worse to come for him as the Serious Fraud Office, the US Internal Revenue Service and the Colorado Department of Justice Enquiries get underway. All three have been or will be provided with full dossiers. Ellerton will try to grub whatever cash he can from Sefton but he is toast. Toxic toast.
Sefton sued Daniel Levi (aka Brokerman Dan) and Tom Winnifrith for libel and also reported them to the FSA for market abuse and then accused them of market abuse and libel via an RNS. Sefton also briefed The Daily Telegraph that we were shorting the company for a monetary gain. All was part of their malicious Black propaganda campaign. Sefton is today negotiating with Dan and Tom.
It will be paying their costs in defending this case but also damages for defaming them. The only issue is how much will it be paying.
Those Bulletin Board Morons
3199 days ago
I am often misquoted (by BB Morons) as saying that all Bulletin Board posters are morons. Far from it. Some are but the vast majority are not. And in that vein, I offer up a post from the ADVFN Sefton board which is pure poetry if a tad on the brutal side:
Bring out your dead.
Bring out your dead.
Bring out the Sefton dead.
Daub a red cross on your doors for Monday.
There's going to be a massacre in the stampede to offload this POS before the plug is pulled next week! Disorderly market = suspension. A Suspension that SER will never come back from.
Bring out your dead! Bring out your Sefton dead.
Pile up the bodies. Ring a ring a roses a pocket full of posies
3216 days ago
Proper fund managers are not interested in small cap AIM listed companies worth sub £20 million. As such if you run such an enterprise and wish to raise money you have 2 choices and both need you to ramp your stock and that means fleecing the Bulletin Board Morons.
3217 days ago
Some of the Bulletin Board loons seems to have expected me to be in prison or bankrupted by this afternoon after round 1 of Sefton vs. Tom Winnifrith in the High Court. Oddly there were three policeman waiting outside the chambers of Master Kay when we emerged but they were not looking for me. But I am sorry to disappoint the loons…this case is not going to be settled, if indeed Sefton is still around, until 2014.
The matters today were purely procedural. When must Sefton disclose various matters and what must it disclose. Who can or cannot be called as expert witnesses. How a certain key witness who destroys the case against me will be introduced. That sort of thing.
Sefton’s barrister was silky. I rather enjoyed it when he talked of the libel and Master Kay interrupted with “alleged libel.” He took the put down well. Sefton’s lawyer from Pinsent Masons (Ms Skinner)
3224 days ago
Finally shares in Hibu (HIBU) have been suspended ( at 0.175p). The company is seeking a partial debt to equity solution which will see lenders get ALL of the equity in a new company which will retain all the operating assets plus some debt. The existing company is thus left with nothing and is worthless. Its shares have been suspended and investors told it is a wipeout. And some Bulletin Board Morons regard this as a surprise?
3230 days ago
I am tapping away by the quayside in Koroni in southern Greece. And a small fishing boat has just pulled in with its catch. Oooooh catching a swordfish to sell for a living, how degrading say the Bulletin Board morons. The fish is magnificent and will be eaten fresh today. How wonderful.
3235 days ago
The bird says that describing her as the Deluded Lefty is unfair. Hmmmm she is a lefty and all lefties are? Er? Go on?
However, I now need a new term to describe her. The bird? She is a looker but I wonder if her, ahem, DL friends might regard that as patriachal or whatever. The little woman? She is a woman and she is not very tall. My partner? Then all the BB Morons will insist that she is a bloke. Girlfriend? Are we not a bit too old to be a boyfriend and girlfriend?
The Northern Bird? NB for short. Just to show how open minded I am that I spend my time with a Northerner. Any improvements on The Northern Bird?
Nope, the Northern Bird says that this makes it sound like she is from Lancashire. Apparently she thinks Nottingham is in the Midlands - I really lose track of how the welfare dependent, post-industrial hell hole counties of England view themselves. She says all adjectives are unhelpful so she will from now onwards just be the bird.
I sense that I too may be in the doghouse
3237 days ago
I see that my recent articles on Bulletin Board Morons have unleashed a firestorm of anonymous abuse various from Bulletin Board Morons. As I wandered along the beach and enjoyed a very nice grilled octopus lunch I pondered whether the morons have a point? For about five seconds.
The morons of course never post under their own names and then proceed to say whatever they wish. If I had a penny for every time I had received abuse from the morons over the years I could buy half of Greece. Perhaps these days I could pick up the whole country. Hidden behind the mask of anonymity they say what they like.
That is fine by me. Airstrip One is a free country. Well sort of. But please do not expect me to regard dishing out abuse without revealing your identity as courageous in any way.
Among writers (i.e. those who earn money from writing in their own name) I am a little unusual in that I am happy to dish out the abuse back. I do so in my own name. And sometimes in quite a witty manner. The BB Morons however think that this is all shocking.
Some feel I should show bravery by going onto BB threads and posting as myself. Hmmmmm.
3238 days ago
Over on the ADVFN Sefton thread it appears that one or two folks have a few bad things to say today about Jim Ellerton and Sefton Resources (SER) following Brokerman Dan’s shocking new revelations (which you can read here) and my own expose which you can read here.
But Sefton has its defenders. Jellyman 2 lashes out at one critic with this post:
To have contempt for je and sefton is fine, IF you are a holder and are loosing ££££'s. But to spout bollox and ridicule people for losing money shows what small minded, lowlife animal fuckers you really are!!!!!! and all because your gay lovers bmd and tw ARE too SCARED to post here.
Cripes. I think I am pretty open minded when it comes to sex. My partner is after all from the Grim North and is a Guardian reader. I mean how frigging tolerant does that make me?
But a gay threesome involving Dan Levi and some unnamed BB poster? Dan is a very nice fellow but there are limits to my metrosexual liberal open mindedness.
But what is it with BB Morons that they think that being gay is some sort of word of abuse? You will remember that some other BB Moron insisted that I spent my life in gay bath-houses (I have never been to one in my life, for the avoidance of doubt).
There is nothing wrong with being gay. It is not an insult. It is not something to be ashamed of. Now outing yourself as a Sefton shareholder on the other hand… yuk. But I suppose Sefton shareholders are adults who have consented to being financially buggered. If that’s what floats their boat…
3239 days ago
Centamin (CEY), the gold miner operating in the delightful peaceful paradise on earth that is Egypt has today announced Q2 production numbers. As a bear of this stock since last summer when Egypt headed down the Islamofascist route it would be churlish of me not to admit that the numbers are not excellent. They are superb. But with respect that is not the point.
Incidentally I called Centamin 100% correctly on the bear tack just as I had on the bull tack (tipped at 8p sold at 139p) but got heaps of abuse from Bulletin Board Morons for going bearish. Fear not, those who abused me, I am not looking for an apology. You have suffered enough with the financial losses you incurred as you dismissed me as a fool. I shall have another poolside beer and drink to your health. “Cheers…here’s to the Bulletin Board morons”
3291 days ago
So much news to choose from but what to pick. Naturally if this was Fleet Street I would focus on the two events of the week of global importance: Denmark winning Eurovision and Bonnie Tyler bombing or the retirement of Mr David Beckham, national icon and member of the alternative Royal Family - the posh one.
However I go with news that the Teachers Union has passed a motion of no confidence in Michael Gove. Teacher's salaries have skyrocketed in the past decade ( heck the State does own a money tree after all). Grade inflation masks the fact that School Leavers today have RRR skills that are not a patch on those of 20, let alone 50 years ago. This is a wholesale reward for failure.
Mr Gove wants to make changes. The Teachers want no changes and are also planning strikes over pay. They are greedy and immoral bastards. As such I am rather warming to Mr Gove. And so while all must have prizes in today's schools I will merely award five nominal A*s for the best entry to the caption below
For what it is worth my entry is:
3293 days ago
My friends at Spreadbet Magazine have just launched an entirely new bulletin board for the time pressed individuals amongst you. Uniquely, it consolidates other board’s feeds whilst allowing you to post your own comments (even against me) and also lets you see prevailing sentiment on a stock.
I have no financial interest in this Bulletin Board but whether you are a Bulletin Board moron or a serious poster you may wish to have a glance.
This new board can be found at www.bulletincentral.co.uk.
3314 days ago
Calling AIM listed wannabee iron miner Baobab Resources (BAO) as a sell at 35.75p on February 4th and again on 29.125p on 21st February managed to generate stacks of abuse on the Bulletin Board but with the shares at 13.625p today I have been 110% vindicated. The point is that this company has sod all cash and high bills and that a placing is needed. Fast. The shares remain a sell until its now near critical financing issues are addressed. To both the Bulletin Board Morons and the fellows who run Baobab I ask how is the placing going?
Incidentally Lucian Miers is short of this stock and you can see him explain why in his UK Investor Presentation here.
3348 days ago
And so I advised folks to go short Cupid. Anyone who did so has already recouped any losses they got from my previous buy tip. A good day’s work and the right call. As ever if I had a position in a stock I write about I would declare it. I was not long of Cupid and nor was I short. Yet some BB cretins do not believe it. And so today’s Bulletin Board cretiin of the day is from ADVFN, an anoymous little turd posting as markt
Tom Winnifrith " I would be closing my long and opening a short at 112p." in e-mail missive just sent to distribution list (1 free share tip) --- 1) At least Tom Winnifrith will have made some money then. Is such action legal ?? "City Slickers" went I think to prison for pushing, via a national paper, shares they had just bought ...and then selling after punters followed their tip and pushed the price up ? (2 journalists)..... If TW sold at 112p and then closed today at say 70p...then that is a massive % profit in 1 day. MASSIVE.
I give up. I always say if I own a share which I am writing about and as I have declared many times have never opened a short in my life. There were some other contenders for BB moron of the day notably those folks who suggested that I did just what Evil told me to do. Why the f**k should I? I do not work for him and vice versa.
It happens more often than most BB tossers give me credit for but on this occasion I actually got the call spot on with today’s change of stance on Cupid allowing those who followed my original duff tip to recoup losses. Thanks for recognising that fact guys.
Markt clearly has a brain the size of a flea’s penis. I suppose that in BB land that marks him out as a bit of an intellectual giant.
3378 days ago
I managed to make even more friends in the Bulletin Board Moron community on 4th February when I explained why anyone with half a brain cell should short Baobab Resources (LSE:BAO) at 35.75p. Since then the company has issued 2 RNS releases about its flagship Tete study blathering on with all the usual guff and telephone numbers. Yet the shares are this morning at 29.125p. Oops looks like I was right and the Bulletin Board Morons wrong. Again. So what’s new pussycat? …. There is a placing on the way….You can smell it.
3419 days ago
It seems that the whole of Britain has the Norovirus. Well not quite everyone. I do not have it. Robert Sutherland Smith says he has it but being an old trooper he is still filing articles anyway – another one is imminent. My two senior staff at Real Man Pizza do not have it but being over 45 they are the sort of fellows who would come into work if their right leg fell off.
Thankfully none of our regular customers at Real Man Pizza in Clerkenwell have it, business is where it should be. But, bugger me the two younger members of staff are both stricken. That is the sort of thing that happens to you if you do not drink or smoke and go to the gym. You get sick. It is God’s judgement on you for being such a health bore. The net result, cometh the day, cometh the man and I have done two shifts in the kitchen today. It has not stopped me writing or chatting to folk in between creating a fettuccine ragu with an extra chilli twist or a cracking penne with a creamy mushroom and bacon sauce. There is some technical Italian term for that dish too but I am so cream crackered that I cannot remember what it is.
Anyhow, no customer complaints about my cooking and the new Curious Brew beer offering is going down a storm. Only two more articles to polish off and then a pre bedtime prayer that our younger more health conscious staff get well soon. I appreciate that the boards of Sefton Resources, Range Resources, Vialogy etc and a handful of Bulletin Board morons would love me to stick to the kitchen full time but it is not going to happen.
3447 days ago
I wrote a no holds barred piece on Centamin (LSE:CEY) yesterday which seems to have attracted a furious response from a range of Bulletin Board morons, cowards and professional Tom Winnifrith haters. Well folks you were wrong and I was right. Tough. All website traffic is much appreciated and so here goes again.
3448 days ago
I first tipped Egyptian gold miner Centamin (LSE:CEY) at 8p on t1ps.com. I advised readers to sell at 137p. I called it bloody brilliantly. In the summer at 67p to 75p I repeatedly urged folks to sell warning that the new Islamofascist rulers of Egypt had changed the game. I was greeted with heaps of abuse from Bulletin Board commentators (mainly here on ADVFN). Well arseholes the stock has almost halved ( again) today to a 27p share price so: a) you lose money and b) it is time for you to apologise. You can post your apologies on the comments section below just as you posted the abuse in the summer.
3504 days ago
One common refrain from one or two of my Bulletin Board non admirers (shorthand: morons) is that I should stop writing on shares and go and serve pizzas full time at The Real Man Pizza Company.
Well just to make them happy, I was a waiter last night.