1355 days ago
It appears that a second charge has been registered at Companes House by taxpayer backed Innovate UK for its £5 million loan to Versarien (VRS). This means that if Versarien defaults taxpayers may well not get all their cash back. That on its own seems a clear breach of Innovate UK rules and a reason why this loan should not be made. But there is worse. In its quite atrocious results today Versarien itself gives a reason why the loan application is illegal. Lucian Miers has written to Business Secretary Alok Sharma to flag this up.
1648 days ago
A day of travel adventures. I recount my breakdown last night, an angelic lorry driver and how I ended up on Nigel Somerville’s sofa. Meanwhile Darren Atwater is leaving the UK but not ShareProphets. Then I look at utter lunacy from a “woke” FRC and inept Business Secretary Andrea Loathsome. Then it is onto Neil’s sacking from Woodford Patient Capital Trust (WPCT), what it means for the Trust and how it will help him hide another £25 million personal windfall gain. I cover Tesla (TSLA) as the bears are squeezed by book cooking. Finally a look at the murky death spiral announced by Vast Resources (VAST).
3163 days ago
Over the past two weeks we have unearthed details of how senior WH Ireland (WHI) Stockbroker John Molyneux (now suddenly retired) systematically stiffed those with discretionary accounts into duff penny stocks, usually corporate clients. So far one 78 year old who lost c£330,000 has been given compensation of £150,000 – but this may be the tip of the iceberg. So I have written to Business Secretary Sajid Javid asking him to intervene urgently.
Dear Sajid
