Elephant Oil

74 days ago

Hot Rocks Investments – the new home of Gavin Burnell of Globo and Elephant Oil infamy: when you engage with Ron Bauer who cares about IFRS?

One of those colourful characters from the London Small cap world shown in yesterday’s bearcast expose to have engaged with the now twice convicted fraudster Ron Bauer is our own Gavin Burnell of Globo infamy. He is also the managing director of AQSE listed Hot Rocks Investments (HRIP). Gavin owned 29.54% of the shares at 31 March 2024 and a Jonathan Bellis owned 15.5%. Yes that is the King of the spivs in the small cap broking community, currently plying his filthy trade at bucket shop Novum.

189 days ago

Another day another spiv and all round bad guy jumps on the bitcoin as a treasury bandwagon

You should judge the quality of a sector by the calibre of those spearheading its advance. With the bitcoin as a treasury spoof you have cheerleaders like Lenigas, Bixby and Edwards. Not joining the madness is Gavin Burnell of the fraud Globo (GBO) infamy.

192 days ago

EXPOSE: Serial penny share fraudster Ron Bauer convicted again in US but still operating in UK: will the FCA finally act?

Leopards do not change their spots and last week, London based Ron Bauer was yet again convicted of penny share fraud in the US Courts as you can see below. He was sentenced to 20 months in the slammer and forced to hand over $4,377,228.74. The chances of the UK Regulator putting him or known associate Adrian Beeston, the financial backer of Zak Mir, out of business? Zero.

991 days ago

BREAKING: One rule for Gavin Burnell of the Globo fraud infamy, another for the plebs in the Elephant oil IPO like Andrew Bell

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.

1271 days ago

Nostra Terra - still hiding the awful truth from its mug investors!

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.

1280 days ago

Letter to AIM Regulation – Nostra Terra must sack Matt Lofgran NOW

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.

3069 days ago

Paternoster Resources - the Elephant in the valuation room

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.