409 days ago
Medcaw (MCI) listed on the disgraced Standard List just before Christmas as an investment vehicle looking to make an acquisition, yadda, yadda, yadda. Yesterday its shares collapsed by just over 60% to 2.5p as one punter decided to make a sale on a day of market turmoil. There is no liquidity, no demand and maybe this is why.
899 days ago
I follow up on yesterday’s bearcast on Wandisco (WAND) and the deal done by CEO Dave Richards with the hoods at Equities First Holdings (EFH). Dave called me up. I explain why he is naive not dishonest but why he needs to grill his advisers. Was there a brown envelope? Who penned the RNS which now looks even more dishonest with what I tell you today? Dave should shoot and/or his advisers as they have landed him in the reputational soup. I then look at today’s latest disgusting revelations on the Charlie Wood Hydrogen and Helium SPAC spoof IPOs, at the utter naivety of Aquis and I have advise for certain City folk on what they should do as the regulator has failed. Liam, Fungai and he who shall not be named you know what to do. I look at Bowleven (BLVN) and also at Caracal Gold (GCAT) asking who is selling?
899 days ago
The good news for folks like David Lenigas, Charlie Wood , Anthony Eastman and associated scumbags who paid 1p per share for Hydrogen One shares in September, is that there is almost certainly no lock-in for them when the company lists in a few days time aftewr a 10p fund raise on Aquis. That the junior market allows this is a total disgrace. How do I know this? Because of its older little bastard brother Helium Ventures (HEV) and this will shock you.
901 days ago
I start with good news for those who like salacious financial markets sleaze.I have been doing more digging into the David Lenigas, Charlie Wood & Anthony Eastman cesspit and this will become a series. Another installment tomorrow. And as a bonus there is a new bombshell on Julie “Lingerie on Expenses” Meyer MBE on its way. Who’s been a very naughty girl then? Then the Wandisco (WAND) shocker. I explain why today’s RNS is deceitful and why this makes the company uninvestable. Then it is onto Nanosynth (NNN), Darren Winters, The High Street Grp and a £60 million FCA mini-bond failure and finally, another villain of these pages, Colin Bird and a few thoughts on why shares in African Pioneer (AFP) may be tanking. PS I see that dodgy HK360 Limited has been forced to admit its sold its Net Zero Infrastructure (NZI) shares after yesterday’s letter to the FCA from myself. Will Net Zero now force TR1s from other shareholders who have dumped or doesn’t it care about the rules?
902 days ago
We live in an era of greed, an era when the unscrupulous will encourage you to speculate on the uninvestable. They will make money in these fag days of the bull market. If you invest in their companies or products you will lose money. It is that simple. Welcome to the latest creation of David Lenigas. Of course he is not a director…
1008 days ago
Such was the scandal when Charlie Wood was ousted from Attis Oil & Gas (AOGL) I thought that the London small cap world was rid of a wrong’ un we would never see again. I was wrong. London markets have no shame or standards. Thanks to Peterhouse Corporate Finance a man not fit to run a public lavatory let along a public company is back.
1637 days ago
News last week that AIM diluter in Chief (and that’s saying something!) Charlie Wood of Northcote Energy/Mayan Energy/Attis Oil & Gas (AOGL) reincarnations has departed stage left at Attis brings to a close a quite unprecedented record of dilution on AIM. This individual raised more than £15 million over the last few years and, in the final analysis, produced the grand sum of just over £100,000 cash at the last set of interim results and a de minimis amount of oil from the company’s Texan oil fields. If ever there was an abject illustration of how AIM is run for the cosy cartel of Nomads, brokers, PR companies and inept management rather than shareholders this is it.
1884 days ago
Mayan Energy (MYN) thought it had good news last week but if a god company (and no-one is saying that Mayan is that) meets a bad management it is the reputation of the latter which emerges intact. Thus the City’s No 1 oil analyst, Zac Phillips of SP Angel has renewed his call to sack the board starting with Charlie Wood. The great man writes:
1975 days ago
Richard Jennings of Align Research has lost money on Mayan Energy (MYN) as have many others and he believes he has a strong case to try to reclaim that from ex CEO Eddie Gonzalez, director Charlie Wood and London's worst Nomad, Beaumont Cornish. He has today penned an open letter inviting other shareholders to join him. The, ever understated, Jennings writes:
2009 days ago
Amazingly Mayan Energy (MYN) CEO Charlie Wood survived an AGM revolt led by Richard Jennings thanks to some extraordinarily odd voting as exposed HERE. The key matter is how in the Deloro deal Mr Wood’s wife has made a killing without risking a cent while Mayan itself put up risk capital. As Zac Phillips notes HERE, that is an outrage and I gather moves are now afoot to sue Wood personally over that matter. But Mayan should head that off by taking action itself. I urge all shareholders to write to Chairman Paolo Amarusso NOW using the email pga@mcgowenfowlercom . Below is a letter from Jennings to use as your template.
2023 days ago
Charlie Wood the interim CEO at Mayan Energy (MYN) managed to cling onto his role at last Thursday's GM despite the very serious evidence of a massive COI over the Deloro deal which saw his wife get almost free shares in Deloro while Mayan provided most of its funding. So how on earth did Wood win the vote. Richard Jennings of Align, Wood's bete noire, makes some observations:
2028 days ago
Richard Jennings of Align is not letting go and has posted 5 questions for long suffering Mayan Energy (MYN) shareholders to put to Charlie Wood at the GM tomorrow before booting him off the board. He has raised these matters with Nomad Roland "Fatty" Cornish but London's most useless adviser thinks that it is not his job to keep companies in order. His job is to bank fat retainers from companies, let them do what they want and then to head out for a five course lunch every day. Great! More spotted dick with lashings of custard waiter! Anyhow, over to Jennings who writes:
2029 days ago
Earlier today we published the call by Richard Jennings to shareholders in Mayan (MYN) to oust CEO Charlie Wood at Thursday's GM. That was part 1. Thanks to Winnileaks we now have the letters Jennings sent to Wood with questions that he will not answer. His silence is damning and anyone attending the GM should push him on this matter. I have ensured that Mayan's useless Nomad Beaumont Cornish is aware of them and hope that it will force answers to be given and published. Prepare to be shocked....
2029 days ago
I gather that the new interim CEO Charlie Wood may not survive the Mayan (MYN) GM vote on Thursday. It looks tight and anyone reading the incendiary note by Zac Phillips earlier today is unlike to be shouting Je Suis Charlie. Now Richard Jennings of Align Research has weighed in with a no holds barred letter to shareholders calling on them to oust Wood. As they say...more to follow but the Jennings letter is below:
2034 days ago
This is an interesting business model. Write to your client, for whom you have published bullish paid for research notes, open letters slagging them off. I wonder what the renewal rate is at Align Research? Anyhow the latest target of Align boss Richard Jennings is Charlie Wood of Mayan Energy (MYN) who received the stinging missive below today. Ouch.
