404 days ago
Mr Andrew Bell of Red Rock Resources (RRR) – Eton and Oxford – may be unused to being called a pleb, certainly by a ghastly little oik like Gavin Burnell of the Globo (GBO) fraud infamy. But it seems that in the float of Elephant Oil in the USA, there are two classes of investor and Red Rock is very much the lower class while the frightful Burnell is king of the castle.
684 days ago
Yesterday I flagged up how Nostra Terra Oil & Gas (NTOG), run by disgraced Matt Lofgran (Praise be the Lord) of consorting with convicted fraudsters at Elephant Oil infamy, was hoodwinking its investors by releasing selected highlights of its 2021 annual report via RNS but no actual report. I suspect that the full report may contain words of warning from the auditors. It damn well should do.
693 days ago
Yesterday, I revealed how, as CEO of Elephant Oil, Matt Lofgran had handed out 30% of its equity, gratis – most notably to a convicted pump-and-dump operator, currently facing 85 years in jail. Lofgran would happily sup with the devil, so as to get away an IPO, which would have netted him an immediate $500,000 and a 100% pay rise. I have thus written to the Oxymorons at AIM Regulation.
2483 days ago
Yesterday I explained at length HERE why I would not touch Paternoster Resources (PRS) shares with a bargepole - they look cheap in relation to asset value but are not. Indeed I think that the real realisable NAV today is far lower than the last, March 31, stated NAV. Let us just look at an unlisted investment as a case study - Elephant Oil.
