2782 days ago
Happy birthday Lucian, it looks as if my son is hanging on to avoid joint parties in the future. Theresa May has a new idea on tackling fraud. Suffice to say what she proposes will damage industry and Britain PLC. I have another suggestion - enforce existing rules. Mrs May fails to understand the psyche of most fraudsters but also how useless the fraud busting agencies of the state are. I then move onto bad news for my good friend Jim Mellon at his latest AIM Disaster, Billing Services (BILL), then I cover XCite Energy (XEL) and read throughs at IGAS and Iofina (IOF). 88 Energy (88E), China fraud Zibao (ZBO) and the smelly business at Feedback (FDBK)
3058 days ago
In this presentation I explained how an AIM Casino China fraud was created and how the fraudsters made their cash. I named the useful Western firms who assist with the frauds and then named three Companies still on AIM on 28 November (although one has since gone onto death row) which are frauds. Enjoy...
3202 days ago
The sabbatical can be broken for one of three events: the arrest of Rob Terry, suspension of trading in shares in Daniel Stewart and big China fraud news. Sadly Terry has not yet been lead away in cuffs but it will happen. But I sat down with my lefty father pleasing him as I discussed crooked capitalists (the deluded old boy reckons all capitalists are crooks) with reference to China macro-economics and China fraud on AIM in light of today’s news from Geong and Gate Ventures.
I refer in the podcast to the delusional China claims made by Getafix HERE and to Nigel Somerville’s excellent piece on Aquatic Foods HERE
3204 days ago
China fraud Jiasen (JSI) floated at 82p a year and six days ago. The shares are now 4.5-5.25p following news that the Chief Financial Officer Kian Tan is set to walk the plank within weeks. The shares now trade on an historic yield of almost 50% and at an 80% discount to stated net cash and on a PE of 0.3 if you believe the numbers. I do not. They are pure fiction. Jiasen is circling the plughole of AIM casino death as I flagged up again yesterday HERE.
Today’s statement reads:
3205 days ago
Just now and again readers on ShareProphets post utter gems which merit a wider audience. Reader its me is a City insider and knows how the system works or rather does not. Commenting on the latest China fraud revelations (Global Lock) he explains a real failing in the Nomad system. It is a very instructive comment and something the LSE should - but won't - take on board. Over to its me:
3226 days ago
Bear raider: Lucian Miers has written to AIM Regulation about China fraud Gate Ventures (GATE) and has cc'd in ZAI Corpoate Finance which is widely believed to be the only Nomad prepared to consider acting for these shysters now that Roland "Fatty" Cornish has quit in disgust. Lucian's letter does not pull its punches and is below.
3271 days ago
In November of 2014 the Qualifying Executives in the Nomad team at Daniel Stewart, led by China fraud specialist Mr Paul Shackleton all quit and it was forced to tell those AIM Casino companies it represented that they needed a new Nomad or would be slung off AIM. I can now reveal that the London Stock Exchange then secretly screwed ordinary investors in order to avoid its own humiliation.
3285 days ago
The countdown to the possible suspension of trading in shares in disgraced AIM casino broker and (ex) disgraced AIM casino Nomad, and China fraud specialist Daniel Stewart is well and truly on. Thanks to disgraced insider dealer and fraudster Rob Terry of Quindell infamy, the shares could be suspended tonight. Jolly good.
Former Nomad Westhouse quit on April 1
3491 days ago
Shares in Crony capitalist Nomad and broker Daniel Stewart (DAN) remain suspended on the AIM casino as the financially challenged enterprise has still failed to get its accounts signed off and published. While we wait we have managed to obtain an exclusive image of its IPO Department. This is the part of the firm that brought you winners like Quenron (QPP), Naibu (NBU) and China Chaintek (CTEK), made £1 million raising cash for Globo (GBO) but could not quite manage to float China fraud Fraspens in August. So what will be its next offering? I ask you by midnight tonight to post a suitable caption below.
3494 days ago
This video is superb, In a humourous way it demonstrates why bears & short sellers provide such a valuable service to the stockmarket and it promises another major China fraud expose next week. I am almost tempted to head off to the Big Apple for the party...
3496 days ago
Daniel Stewart (DAN) earns its living as a Nomad and broker to AIM listed stocks. That is to say it charges fat fees for advising them on how to play by the AIM rules, for listing them and for raising money for them. It has no standards so was responsible for bringing Quindell (QPP) to the Casino and also acts as Nomad to China fraud Naibu (NBU) and tried to float China fraud Fraspens in August but seems to have failed. Today Daniel Stewart’s shares have been suspended.
On 30 May its auditors of 15 years (Keelings) quit and Daniel Cesspit appointed PriceWaterhouse Coopers to check its books. We know that results for the year to March 31 2014 will have been covered in red ink.
