5 days ago
The FCA is charged with tackling financial crime and also regulating the Standard List of the Main market. I have written to it regarding a company once backed by David Beckham, Cellular Goods (CBX) where there appear massive possible issues on BOTH counts. If it fails to act on both matters it sends a signal that it is officially a complete joke and that on London’s financial markets anything goes. The letter is below:
10 days ago
On December the lying conman Alessandro Zamboni promised that his companies would, by December 31, pay £1.4 million to Regtech Open Project (RTOP), where he is the main shareholder and a director, by December 31. Today, after pressure from me in recent days, including an FCA email swap yesterday, Regtech fessed that by the year end the scumbag had not paid a cent by deadline day.
200 days ago
Yesterday the FCA approved the Prospectus for RegTech Open Project Plc (RTOP) so that it can list on the Standard List with a £60 million valuation, enriching Alessandro Zamboni of the Supply@ME Capital (SYME) fraud to the tune of £21 million. This detailed dossier explains why the FCA should hang its head in shame. This is a disgrace and shows that the Standard List regulator is just not fit for purpose.
256 days ago
Since I wrote about Iconic (ICON) on 1 April 2023 discussing its interim results for the six months ended 31 December 2022 “Iconic Labs – an insolvent shell company needing to get an FCA approved Prospectus published and to issue bucket loads more confetti to survive” not much has changed. In fact….
305 days ago
Early stage financial services businesses investor B.P. Marsh & Partners (BPM) “is pleased to announce the disposal of its entire 18.7% shareholding in Kentro, subject to FCA approval being granted”. With the shares currently up to 334p to buy in response, how ‘pleasing’ is the prospective disposal?
330 days ago
Oh dear, oh dear, the bad news just keeps on coming at the $1 billion AIM fraud Wandisco (WAND). But before we get to the bad news I invite you to read the 2022 report on corporate governance read by now ex CEO pompous Dave Richards MBE HERE. Did he believe this shite or just publish it anyway to allow ESG investors and woke FCA employees to get an easy jerk off. Anyhow back to the fallout from the fraud.
363 days ago
Wandisco (WAND) already has an internally driven enquiry underway into the industrial scale fraud, c/o FRP Advisory. But marking your own homework is not good enough in a case like this and now the FCA had stepped in. For ex CEO Dave Richards and ex CFO Erik Miller, who were resigned on April 3 this is not good news.
375 days ago
Iconic (ICON) published its interim accounts for the six months ended 31 December 2022 at 1.59 PM on Friday allaying some of its shareholders concerns that it might miss the 31 March 2023 publication deadline and have its shares suspended again.
393 days ago
Smug stockbroker Andrew Monk has, probably, today already several folks about his education at Oriel College Oxford but is yet to respond to the issue of him misleading the market with regard to revenue recognition re Silverwood Brands (SLWD) so here is another question for the Monkey.
394 days ago
I pointed out a few weeks ago that Predator Oil & Gas (PRD) run by the troll Lonny Baumgardener and the share dealing just ahead of a placing whizz Paul Griffiths was pumping its shares ahead of an inevitable discounted bailout placing. Call me Mystic fecking Meg. So today Predator has raised £2 million at just 5.5p. But this is not just a straight placing. It stinks. With a hat tip to Evil Banksta let me explain.
421 days ago
421 days ago
Andrew Monk of VSA Capital (VSA) has yet to come clean on whether anyone at his firm has been interviewed by the FCA as part of its formal enquiry into wholesale insider dealing , market abuse and investor deception at his client Caracal Gold (GCAT) but now there needs to be an enquiry into share dealing at Siverwood Brands (SLWD) and this time VSA is directly involved. This is the £216 million Lush blow up.
442 days ago
A lot of ouzos for the Sheriff for this one! And I am told that there is now an FCA enquiry into Standard Listed Caracal Goal (GCAT) following extensive correspondence from myself. Damn Right, there should be. At 4.45 PM yesterday there was a fess up with the company tripping over itself as it tried to cover up its crimes. This company is insolvent and its directors should be in jail. It is hard to know where to start.
508 days ago
The Christmas gift that happens all year round has landed again, another bonkers email from Julie Meyer MBE. Quoting both the Bible and EM Forster, a woman who is dodging a High Court arrest warrant, is subject to an FCA criminal investigation and pleads poverty to avoid paying tax in multiple jurisdictions while boasting of her life in her million euro luxury Greek villa has a message for you all. The world needs more of Julie. Whatever….
564 days ago
Somehow Vince Cable thought it would be a cracking idea to make Julie “lingerie on expenses” Meyer an MBE for services to business. A decade on, despite the FCA criminal enquiry, the collapse of her flagship Ariadne Capital, the UK and Maltese arrest warrants, and the problems with taxmen in the US and UK and numerous others to whom money is owed, this rotten Government still thinks she should keep that gong. Here is another reason why that is a mistake.
703 days ago
In just two weeks, the new death spiral provider, Venus, has dumped 3.32 billion shares on Bulletin Board Morons. If it is allowed to, it will likely dump another 15-20 billion. But the fraud, Supply@ME Capital (SYME), is insolvent even with the Venus cash, as I noted earlier. I have asked the FCA to step in and save private investors from being mugged.
714 days ago
Earlier this week I complained to the FRC about the grotesquely misleading interims published by the fraud Chill Brands (CHLL) on 28 January. Given that the company has now undertaken a bailout fund raise on the back of them, if my compliant is upheld (as it will be) surely the hapless poltroons at the FCA will have to act. Moreover…
714 days ago
I have already flagged how Canadian Overseas Petroleum (COPL), and Pure Gold (PUR), misled investors by hiding auditors’ warnings. Now, Mkango Resources (MKA) has joined the deceiving club. The FCA, as regulator of the Standard List, must act. I have penned the letter below to Mark Steward at the FCA, and the bogus Sheriff of AIM, Marcus Stuttard.
723 days ago
The screen shot below is from a “private” telegram group which this crooked CEO clearly thinks folks like me or the FCA do not have acess to. Au contraire…
740 days ago
Yes, for the second time this week I have written to the regulators of the Standard List, that is to say the FCA, asking for an investigation into Canadian Overseas Petroleum (COPL) the almost insolvent POS run by snake oil salesman Arthur Millholland of Oilexco infamy. The letter is below.
743 days ago
Adding to the grotesquely deceptive and misleading RNS of April 1 and the failure to inform investors of numerous covenant breaches, I now expose another $8 million PORKY PIE told by the Snake Oil salesmen at Canadian Overseas Petroleum (COPL). This should shock even the FCA into action.
744 days ago
Following shocking exposes TODAY and YESTERDAY demonstrating clearly that Standard Listed Canadian Overseas Petroleum (COPL) has deceived and misled investors and driven a coach and horses through the rule book I have written to the FCA suggesting an immediate share suspension pending a cleansing RNS statement and a full disciplinary enquiry. The letter is below.
744 days ago
Yesterday I exposed how Standard Listed Canadian Overseas Petroleum (COPL) misled and deceived investors by hiding company threatening matters from them in an final results RNS on Friday. But this is only the tip of the deception iceberg. Canadian has been deceiving its shareholders for months and months. So this scandal gets far worse as I explain below. Surely the FCA has to act….
744 days ago
Appbox Media is the sister company of One True View and has stolen around £15 million of investors money with the FCA standing idly by ignoring this massive boiler room scam in the heart of the City. But while One True View is reinventing itself to steal more cash as revealed yesterday HERE, Appbox has filed for insolvency. But patsy director Amanda Hussey, the rather simple “fall guy” for the mastermind of this £50 million bezzle Polat Hassan, has now told a £5.4 million lie under oath. She urgently needs to get legal advice before Polat lands her in even more trouble than she is already in.
745 days ago
I start by explaining yesterday’s late bearcast and the reason I am in such a foul mood today. Then, I look at Versarien (VRS); Fulham Shore (FUL); One True View; Eden Pharma and FCA failings; and, finally, at Victoria Oil & Gas (VOG), where I predict, at best, epic dilution.
745 days ago
Those behind One True View and its sister company, Appbox Media, have, via a City-based boiler room at 78 Cannon Street, where high-pressure salesmen earn vast commissions, raised c. £65 million – most of which has been stolen. The FCA insists there are no boiler rooms in the UK, so has done nothing. Thus, the farce has now entered a new chapter.
751 days ago
A prospectus without input from a broker or financial adviser has been approved by the FCA and Beacon Rise Holdings (BRS), a company which now has just nine - all Chinese – investors has joined the Standard List. Meet Mr and Ms Wang….
752 days ago
I start with an apology for yesterday’s downtime, explaining what happened. Then I look at the musicMagpie (MMAG) saga, and why what I have discovered is so utterly damning. I also discuss today’s expose on paid social media influencers HERE. Regarding that, HERE is where the SEC did what the FCA should be doing, but I fear will not unless we enter a prolonged bear market where many lose cash.
752 days ago
I have, today, written to both the FCA and the oxymorons at AIM Regulation, on, what seems to me, sure-fire market abuse. The original letter names two AIM Companies and one “social media influencer” (I have redacted the names below). But I understand that the problem is not confined to these two companies and one “social media influencer”, and I am urging the authorities to work together on tackling what seems a growing issue.
756 days ago
At some stage the FCA is going to wake up to this scandal and shares in this crock will be suspended. Here’s why. In today’s RNS Alpha (ALGW) the sub scale longevity specialist listed on the Standard List announced an Acquisition which included the following information.
758 days ago
Okay, Ms Lingerie on Expenses is fleeing a High Court arrest warrant and facing a six month jail term as well as an FCA Criminal enquiry but you can’t keep the old crook down. Now she reveals on Twitter that she is to sue the Queen’s lawyers, Farrer & Co, and partner Julian Pike for £150 million. Don’t spend it all at once Julie… I see that having branded ShareProphets a terrorist organisation she now says Farrer is a “Terrorising Legal Organisation.”
758 days ago
46 years ago my mother killed herself. I do not hide the fact and yes it is an event that saddens me. But I do not expose folks like Julie Meyer, who has fled Britain to avoid a six month jail term, owes taxes all over the world and is the subject of an FCA Criminal investigation because of what happened in on Oxford hospital in 1976 but because folks like Julie Meyer should be exposed. The tweet below ike others were Meyer incites the mob with talk of terrorism has been reported to twitter but nothing will be done.
767 days ago
I recorded this video for the APPG some week ago and it has just gone live today. I think I made my points clearly with a good joke or two.
772 days ago
The twitter meltdown, from the woman fleeing a High Court Arrest warrant, we reportedv earlier HERE, continues. Now Julie “under an FCA Criminal Investigation” Meyer wants the Police to crack down on this website for being terrorists. If Ms Meyer ever does return to England to start a stretch inside and wants to appeal on grounds of insanity…. the evidence is below.
772 days ago
Yes it is Julie “lingerie on expenses” Meyer who appears to be having a bit of a meltdown. Yesterday she sent me an email saying that publishing THIS ARTICLE was a crime. Then she took to twitter accusing this website of being a “Bristol based Terrorist Organisation” (BBTO). I kid you not! Her meltdown is below.
795 days ago
As I revealed in my previous article concerning Ms Lingerie on Expenses, Julie Meyer’s latest car crash investment Drive Software Solutions Limited is on the verge of going under. This will, I predict, see her facing yet another regulator on her case, adding to her woes with the IRS, HMRC and the FCA with its ongoing criminal investigation.
803 days ago
The following email was sent out indiscriminantly by a woman who has told the IRS that she is too poor to pay a seven figure tax bill dating back to 2001. Whatever… It is Julie “Lingerie on Expenses” Meyer with another offer I am sure you will find easy to refuse… the tax evading old MBE still under an FCA criminal investigation writes:
812 days ago
The document below is so utterly shocking that surely the FCA must now be held to account. In September of last year I demonstrated why Standard Listed Umuthi Healthcare was a fraud and exposed how it had been brought to market by a convicted fraudster Connie Van Nieuwkerk. By October 21 2021, the company was forced to ‘feee up in an RNS to Connie and also that its CEO Gert Viljoen had also been arrested in South Africa and was also in the slammer. So how did the FCA respond?
815 days ago
In today’s Bearcast I start with Cathie Wood of Ark Invest and another sign (hat tip FP) that she is Neil Woodford on steroids and will see a mega blow up in 2022. The onto the FCA’s plan to crack down on financial promotions. My arse it will. If it was serious on this matter Gollum Gill would be in the slammer already. Then some consolation for Gary Newman with some words on Advance Energy (AVN). I comment on URU Metals (URU) and the there is Best of the Best (BOTB). Surely there must be a Steward’s intp the £60 million share dump by directors nine months ago. But are the shares now cheap?
837 days ago
I first wrote about the High Street Grp on 13 April 2020 warning that it was a façade of a group which would ultimately crash into administration. Although it hasn’t been officially recorded at Companies House yet we now know from the announcement by SKSi High Street GRP Limited in Administration SKSi which are licensed insolvency practitioners that finally the parent of the High Street Group was placed into administration on 16 December 2021. This now means that all 6 of the mini bond disasters predicted on this website have ended with a crash landing in tits up alley. This also means six more fails for the FCA which did nowt on all 6 until it was too late.
840 days ago
I discuss the arrests made on 29 December in the USA and why the FCA should look at some of the activities of folks in the UK small cap world. Case studies include Eurasia Mining (EUA) and Chill Brands (CHLL). I then move on to Supply@ME Capital (SYME) and its news today, Wildcat Petroleum (WCAT) and also Verditek (VDTK), which I reckon is a zero for 2022 but since it can’t be shorted is not one of my tips of the year. To JP, sorry I have no idea why Peel Hunt quit as broker to Bushveld (BMN) but I suspect it gave three months notice. Leaving SP Angel as sole broker can’t be seen as good news. It is like firing our beloved West Ham as joint broker to retain the sole services of Chesterfield Town.
842 days ago
It looks like its turkey twizzlers only for the morons owning this stock on this Christmas Eve. As I have noted many times, Dev Clever (DEV) has been monstrously overvalued on fundamentals, promoted by ramping and worse. At 30p the company is valued at £180 million which for a loss-making entity, run from a lock up on an industrial estate and with half year sales of just £2.4 million is bonkers. But at least you could trade out of you wanted. You can’t now. The company says that it has asked the FCA for the suspension of trading in its shares. Just like you used to ask the headmaster to beat you for sinning at school. Whatever…
850 days ago
I was made an insider on today’s placing a while back and I am not selling my shares in Kefi (KEFI) for reasons I explain. But I am pretty angry with Harry and understand the ire of many of you. I discuss this. Then it is onto Verditek (VDTK) which looks to owe us all a trading statement and is almost certainly bust already. The target there, at 2.9p, is 0p. I also have words for the FCA here on Financial Promotions and why it should be sending Richard “Gollum” Gill to jail. Finally I look at Eurasia Mining (EUA)
850 days ago
Alpha Growth Plc (ALGW) has finally had FCA approval of its Prospectus for the Placing that occurred 10 months ago in February 2021. The FCA is supposed to ensure that any Prospectus issued complies with the rules but it is apparent from a quick read that the Prospectus has not been properly updated throughout the document as many of the references are considerably out of date. It looks like someone at the FCA just wanted to remove the Prospectus from his or her to do list prior to the Christmas holidays rather than subject the document to appropriate and proper scrutiny or perhaps it was simply signed off after a long Christmas lunch. I cite below some examples of where the document hasn’t been properly updated.
850 days ago
The article is in the Daily Mail but I ask you to hold your nose and read it and not to just feel a profound sense of despair. It is HERE. I then discuss the manifest failings of the FCA exposed earlier HERE. Finally I look at last week’s base rate rise and what it means and what happens next. It will not be pleasant. As an addendum I discuss our 2022 share tips of the year which will start on Boxing Day – there will be between 20 and 25 from the ShareProphets team, a few details are being finalised hence the imprecise final number.
850 days ago
I start with Bluebird Merchant Ventures (BMV) and the FCA. Who is being a moronic fucktard today? Then some very serious number crunching on Versarien (VRS) and its looming cash crisis as the death spiral from Lanstead starts to fail. Then on why Bidstack (BIDS) has offered its long suffering sharehoders a great selling opportunity today. And a few words and questions for Lyin’ Stever Sanderson at UK Oil & Gas (UKOG) – placing ahoy!
850 days ago
The FCA has approved the prospectus as you can see HERE. But there is no RNS from Bluebird Merchant Ventures (BMV) . How odd. This is the last hurdle before production and so should drive a major re-rate. FYB.
850 days ago
Alpha Growth (ALGW) announced today that it had appointed Arden Partners as broker to the company (replacing disgraced Pello Capital) and the Bulletin Board Morons reacted positively marking the shares up 11.5% at the time of writing to 3.35p, valuing the company at a quite ludicrous £14 million.
850 days ago
If you still think that the FCA is there to stop financial crime and protect consumers from crooks and scams you are, with respect, living in a different era. That should be its priority, even if it was never any good at it, as I argue on video HERE, but what it is good at is wasting vast sums on woke campaigning, even if what it does is break the law. As I have explained many times on my own site there is a pyramid of victimhood out there among woke campaigners.
852 days ago
Supply@ME Capital (SYME) has been forced by Companies law to call a GM where it can explain to shareholders its historic serious loss of capital and what it is going to do about it. Its reponse so far has been risible, claiming that revenues will go up next year. This from a company that has had to slash sales forecasts it put into the market for 2021 to almost nothing in two slashes since July. But there is a more serious issue: impending insolvency. I have written to the FCA, the regulator — no sniggering at the back — in charge of the Standard List.
854 days ago
Broker Pello, which brought to market such horrors as the fraud Umuthi (UHS) and has been a stain of UK financial services for years is back. The FCA stopped it doing any new business on August 6 but last night it had news for its scumbag clients:
856 days ago
The Financial Conduct Authority has confirmed new listing rules which came into force today. Under those new rules the FCA is:
872 days ago
No! It is not snot gobbler Dan McCrum of the FT who tipped off the CEO allowing him to sell millions of shares in the days before the balloon went up at the Globo (GBO) fraud. McCrum still insists that he is the journalist responsible for Globo’s downfall whatever Gabriel Grego says. But it is another unsung hero who brought Globo to book. You may have thought that he was a supportive shareholder in the fraud, dissing we bears as not knowing what we were talking about. However…
872 days ago
Sales are vanity, profit is a matter of opinion and cash is reality. That is a message that Dev Clever (DEV) seems to ignore as it served up a trading statement to accompany news that the FCA was dragging its heels on approving a prospectus as noted HERE. But what of the trading statement? Natch Dev jerks off about its sales in the year to November 30.
872 days ago
On 12 April Dev Clever (DEV) a company already drowning in red flags exposed on this website announced the £54.75 million all share purchase of VLPL in India and we were told that “This acquisition of VLPL will be subject to the publication of an FCA approved prospectus by no later than 30 September 2021. An additional 30 million ordinary shares will be granted to VLPL CEO, Ankur Aggarwal, as an earnout consideration subject to achieving key milestones.” Wind forward to 30 September and…
872 days ago
I deal with the specifics of ADM Energy (ADME) shares in which must surely be suspended after my second bombshell in 24 hours, another fake sheikh exposed, but this is the AIM sewerr so maybe not. I deal with individuals who enabled this and name them and say why they should not have been in a position to enable this and have some ideas for the FCA, after its recent statement, on Quindell and other frauds.
873 days ago
The triumphs for me are Globo (GBO) where the man who should know recognises my unique work and puts the FT’s snot gobbler in his place as the FCA swoop and SpectrumX and some real Tory sleaze exposed as it goes bust as advisers say its IPO is on track. Then I look at AO World (AO.) where almost all the writers here are vindicated and deserve an ouzo tonight (sparkling water for puritan Chris), and Harland & Wolff (HARL) – ouzo for Peter Brailey, cabbage water for Andrew Monk. Finally a few words on the lastest spoof from the fraud Supply@ME Capital (SYME).
873 days ago
After a six year investigation the FCA has finally launched lawsuits against the CEO and CFO of the £300 million Greek fraud Globo, once a poster boy of the AIM sewer. The company raised more than £100 million in debt and equity but was a complete fraud, going tits up in 2015. You may remember …
883 days ago
As a reminder: Standard listed Wildcat Petroleum (WCAT) lied with its first RNS last December 31 about having raised money. It had not. It now has sub £200,000 left and, ceteris pairibus, will go bust by Easter. Its June 30 accounts were promised for October and are still not yet out, with no explanation for the delay. Its November AGM has had to be postponed with no new date given. But in what appear blatant market manipulation its shares are roofing it. Why will the FCA do nothing? Today we have news…
883 days ago
I start with news of two birthdays. Then I look at today’s Superdry ramp from Versarien (VRS), at Wildcat (WCAT), where the FCA has already responded to my missive, and at Nightcap (NGHT) where what I have revealed today is legal but surely stinks to high heaven making the shares utterly uninvestable.
889 days ago
Broker Pello is still banned by the FCA from doing any new business while the regulators investigate a number of matters, notably how members of the Frangos gang including disgraced John Story broke IPO lockins on an industrial scale using accounts at Pello. Now another matter has come to light, a pre IPO funding round arranged by a company called Pluto Digital. Natch the liar Story was among those invested as were other gang members. However, the FCA has now forced Pello to write to its clients who took a punt with an admission. The email below is what was sent and, quelle suprise, it is utterly misleading.
892 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?
892 days ago
I first wrote about the High Street Group 575 days ago, explicitly warning that it would go bust It was the sixth mini bond scheme I had written about. Five have gone tits up. Natch the institutionally useless FCA has ignored my oft repeated warnings about The High St Grp, as it ignored my warnings about the other five mini bond disasters I flagged up, And High St has conducted business as usual. But that looks about to end.
892 days ago
Standard Listed green shite investment company Net Zero Infrastructure (NZI) still refuses to say who is behind shady, offshore based HK360 Limited. This refusal to be transparent is all the more critical because there are very clearly some missing TR1s which would reveal who dumped into the pump. I have written to the FCA as you can see below.
892 days ago
This is the company that lied in its very first RNS on December 30 2020, claiming to have raised £600,000 for its IPO when, in fact the money did not arrive until January when “investors” had been able to flip their shares to raise the cash for the placement. Between then and now it had boasted of utterly spurious crypto and NFT deals then, one suspects under FCA pressure, reverted to its prospectus gameplan of trying to do an RTO in oil. But now another lie.
895 days ago
There are suggestions today that Chill Brands (CHLL) next bailout fundraise will be at 5p. I would suggest that this is the bull case. Rapidly running out of cash and with a business model that is a proven failure I cannot see why this business will be rescued until it is on the brink and the spivs at broker Peterhouse do a friends and family offer at 0.1p turning it into a cash shell. What is clear is that the shares will collapse as stale bulls dump and that anyone hanging on is insane. But what of the FCA?
896 days ago
A second podcast on the US elections, analysis results I predicted so accurately yesterday can be found HERE. In this Bearcast I cover Chill Brands (CHLL), what the FCA must do NOW and why Chill is now officially fecked, Darktrace (DARK), Trainline (TRN) and shocking news from Parlsey Box (MEAL) flagged up by Sherlock – surely this demands a formal statement.
896 days ago
Yesterday saw two trades of 2,005,106 and 2,550,000 Chill Brands (CHLL) shares dumped well below the offer at 14.25p. That is more than 2% of the equity. There were other big sells below the bid on Monday. Was a major shareholder at last accepting that I was right or was this just canny de-risking as today there is a trading statement which is so terrible it is hard to know where to start. No doubt the FCA will ensure there is no story of insider dealing to tell. So how bad is the statement? It is dire.
911 days ago
Readers of this website already knew that Umuthi (UHS) a company admitted to the Standard List after full FCA due diligence, was a fraud after our series of exposes HERE. You also knew that its CEO Gert Viljoen and the fraudster Queen Connie Van Nieuwkerk had been arrested as we revealed HERE. Today, it got worse. Much worse.
912 days ago
In today’s podcast, I consider the video interview I’m doing later on the FCA, Ben’s Creek (BEN) and how its inevitable failure will come to haunt the AIM sewer, Vast Resources (VAST), UK Oil & Gas (UKOG), Seed Ventures (SEED), Eden Research (EDEN) and the dual list on OTC con, and Predator Oil & Gas (PRD)
912 days ago
I start with the wish of Joshua’s best pal to be a sheep in the school play. Like father like son, natch my boy is one of the three wise men. Then I ask if Andrew Bell will be fired at the Red Rock Resources (RRR) AGM before looking at Simec Atlantic (SAE), Feedback (FDBK), the fraud Chill Brands (CHLL) and my next missive to the FCA and British Honey (BHC) where, following up from my earlier piece, it seems an entire family was at the trough.
914 days ago
I start with a look at the departure of Charles Randell from the FCA and the mess he leaves behind, then at Vertu (VTU) rewarding its shareholders having taken £29million from you and I, and finally what to make of the lock-up on an industrial estate global HQ of Dev Clever (DEV).
917 days ago
I ponder yesterday’s news which is terrible for Britain and which I find terribly disappointing at a personal level regarding the fraudster Rob Terry. I have a suggestion for the woke dullards at the FCA. I comment on the arrests of Umuthi fraudsters in Zim South and who in the UK now has massive questions to answer. I consider the Domino’s (DOM) trading statement and the issue Rishi Sunak faces on VAT. This was a short working day for Jaya reasons, I’ll be back with a longer podcast on what should be a full day on Friday.
919 days ago
I discuss the SFO, FCA, FRC, the big four accountants, the media and political classes and the big lawyers and the king of the fraudsters Rob Terry. I fear nothing will change. I go into detail how it could and should, why Rob Terry was guilty as sin giving you chapter and verse. But I fear nothing will change and explain why.
924 days ago
In the USA, UK, Malta, Croatia, and Switzerland Julie “Lingerie on Expenses” Meyer faces untold court cases, owes millions to tax authorities, lawyers, staff, and other creditors and even faces jail for contempt of court and an FCA criminal enquiry. But for every rat there is a safe hole somewhere and now Julie has blessed the Hellenic Republic with her presence and the local press appear all too willing to push her PR narrative without question as you can see below.
929 days ago
The FCA is meant to regulate the Standard List of the LSE. Cripes it is not just at the back I hear sniggering, you are all laughing out loud. Please be serious and let us treat the FCA with the respect that it is due. Standard Listed Chill Brands (CHLL) has misled investors as to its trading position. What will the FCA do about it? I have written a letter this morning.
934 days ago
I explain why there was no bearcast yesterday. Then I look at the part this household is playing in the fuel crisis. It is all about psychology. Then a look at Real Good Food (RGF) and companies delisting before a look at the pathetic punishments for the enablers of fraud at Patisserie Holdings (CAKE) I also look at what Australian regulators are doing to tackle pump and dump twitter gangs while the FCA jerks off on more ESG porn doing nothing about tackling real crime. I flag up Aura Energy (AURA) in this regard.
934 days ago
It is hard to know where to start with the ludicrous announcements from Aquis Listed Eight Capital Partners (ECP) controlled by former Supply@ME Capital (SYME) boss Dominic White. But having seen the FCA overlook industrial scale fraud at Supply, in its capacity as , ahem, “regulator” of the Standard List, White says he is going to move Eight to the Standard List. Surely the FCA has to reject this application? Why?
937 days ago
Make no mistake, a bailout placing is underway at Wildcat Petroleum (WCAT) as revealed in yesterday’s bearcast. Today, a new adviser to replace disgraced Pello Capital, currently banned by the FCA from doing any business, has forced it to come clean so that it can place.
940 days ago
The 26p per share £11 million placing on Monday by Eurasia Mining (EUA) may open up not one but two cans of worms and I have written to my chums at the FCA asking for an investigation on two counts. The letter is below:
940 days ago
One of the great ramps of the year has been Wildcat Petroleum (WCAT), a poster boy for the sewer that is the Standard List regulated, no sniggering at the back, by the clowns at the FCA. It started its career on December 30th by lying to investors in its very first RNS. It said that it HAD raised £600,000. It had not.
942 days ago
Thanks to the Winnileaks service I have been sent an email from Gert Viljoen, the CEO of the Umuthi (UHS) fraud, sent on 18 September 2019, almost 18 months before the FCA allowed this con to list. Read and weep at the lies Gert told to folks sold shares in Umuthi by either him or the Queen of the fraudsters Connie Van Nieuwkerk with most of the cash trousered by Gert or Connie and a bit going to Umuthi.
942 days ago
By June 10 as the FCA suspended trading in shares in the fraud Umuthi (UHS) for a second time it had been aware for a while that this IPO was put together by a fraudster known for cooking the books and banned from doing any financial services work by the South African equivalent of the FCA. But in this letter, passed to the Winnileaks service, sent to Umuthi while it asks a stack of questions the FCA stresses there is NO formal enqury. FFS why not? And some of the questions it asks, regarding the resignations of Memery Crystal and PKF Littlejohn should surely have been asked back in March, rather than after the shares were allowed to resume trading – albeit for only two weeks – on May 25. The FCA is not fit for purpose as we noted here. The letter is below.
946 days ago
In between trying to make mint cordial, mint ice cream and damson jam last night I had a call from a man who had done some work for Umuthi (UHS) and what he said about a forged document purporting to show a bank transfer and a blocked site visit is further evidence of what a complete fraud this is from top to bottom. I relay it to you and wonder what the FCA will say about this?
947 days ago
a few more words on Umuthi 9UHS) after today’s bombshell and on where it leaves the FCA. Then I flag up a few personal committments which sees me cooking like a dervish for a few days but then I shall be onto my next fraud expose which is also in Africa but this time with AIM listed companies. Then I look at comedy from ADVFN (AFN) ask a serious question abut Chill Brands (CHLL) and the proven liar John Story and finally discuss Argo Blockchain (ARB)
947 days ago
So far you have met the fraudster Queen, the other South Africans on the board who are mired in this fraud and an enabler, broker Pello and its boss Andy Frangos who are also deeply implicated in the Umuthi (UHS) bezzle and the patsy UK NED Colin Bloom - now since resigned. Then we established that nobody actually knows how many shares there are in issue. and finally we established that there is almost certainly no real business at Umuthi whatever it accounts state! And then we exposed the red flags over auditors and the enablers at Jeffreys Henry Earlier today I turned to the resignation of Memery Crystal. Next up is the UK’s regulator and why this episode, again, shows it to be not fit for purpose.
947 days ago
In today’s bearcast I look at MyHealthchecked (MHC), Umuthi (UHS) with a warning for the FCA of what is happening tomorrow and a discussion of what it takes to be a fraud enabler and at ITM Power (ITM) and green investing.
948 days ago
Praise be the Lord! I can reveal that, after my weekend barrage, devout Christian and Tory Party hack Colin Bloom has this morning resigned as the sole UK director of the Umuthi (UHS) fraud. Amen. Moreover…
948 days ago
In part one of this series I established that the flotation of Umuthi Healthcare (UHS) on the Standard List which is regulated by the FCA was organized by a serial fraudster who also made out like a bandit selling shares before and after the IPO claiming they would roof it. But was she acting alone? Did the rest of the board, notably CEO Gert Viljoen and Chairman Advocate Shaun Gresse know about her past? The answer is shocking and can be found in an email from Viljoen which has found its way into my hands.
955 days ago
This podcast is in two parts. I start with a few words on Malcolm’s piece of earlier on Creightons (CRL) and paying a high or low PE. Then I have been passed a dossier and had a conference call about a company the FCA has allowed you to buy shares in even though it was told that the individual behind it was on Police bail for a massive fraud and had a history of fraud and guess what, this company is also a top to bottom fraud. I am gobsmacked by it all but especially by this latest Standard List failing by the FCA which is just not fit for purpose.
956 days ago
I flagged this up in bearcast yesterday, the case of the two large trades in the fraud that is Chill Brands (CHLL), both sells, going through late on Friday of last week. I have written to the FCA urging it to investigate.
958 days ago
There is so much in today’s absolutely appalling trading statement from the fraud that is Supply@ME Capital (SYME), that I need to cover it in three parts. I kick off with how the FCA ignored evidence from me and allowed Supply to get away with publishing bogus revenues, something it has today finally fessed up to.
958 days ago
There is so much in today’s absolutely appalling trading statement from the fraud that is Supply@ME Capital (SYME) that I need to cover it in three parts. I kicked off with how Supply deceived the woke dullards at the FCA and investors with bogus revenues. Then there was the shocking misleading Proactive report now exposed as pure fiction. Now we turn to the actual trading…
958 days ago
There is so much in today’s absolutely appalling trading statement from the fraud that is Supply@ME Capital (SYME) that I need to cover it in three parts. I kicked off with how Supply deceived the woke dullards at the FCA and investors by reporting bogus revenues. Now I move on to how it has helped generate liquidity for death spiral provider Negma with paid for research which is pure fiction.
967 days ago
In today’s bearcast I look at those failures in detail: Wildcat Petroleum (WCAT), Tirupati (TGR) where you might brace yourself for some language some may deem sexist and not very 2021, and Supply@ME Capital (SYME) where today’s extraordinary news really should alarm any holder. I also revisit Argo Blockchain (ARB) which has published its US listing prospectus HERE which I comment on. En passant, I look at share trading patterns in Versarien (VRS) and Chill Brands (CHLL) and what they tell us about sentiment in what were last year’s Bulletin Board darlings. They are just so 2020 afren’t they?
975 days ago
Tirupati Graphite (TGR) listed on the main market at 45p on 14 December and the shares have done well, surging to 115p. £6 million was raised by Optiva on listing and another £10 million at 90p in April. But I have just contacted the FCA as there appears to be a problem, a big problem.
976 days ago
The subject of an FCA Criminal enquiry into alleged misuse of client funds, owing millions in unpaid taxes to the HMRC and IRS and now facing jail for contempt of court over yet another unpaid legal bill, Julie “Lingerie on Expenses” Meyer MBE has given her thoughts on the great issue of our time: the need to get more folks like her on boards. With no comment from me she opines:
976 days ago
On Friday I reported that broker Pello, always a “colourful fringe player”, i.e the sort of firm whose card was already marked by the FCA, had been told by the FCA to stop dioing business. I wondered how it could have run into financial issues while every broker in down was enjoying the Covid bull market and making out like a bandit. I am now told that Pello has also made out like a bandit and has no cash issues but…
981 days ago
I first commented about Alpha Growth (ALGW) on 8 April 2021 and the absence of a Prospectus in respect of its issue on 8 March 2021 via a placing of 187,500,000 shares at 2 pence per share. The placing represented over 77.8% of existing ordinary share capital of Alpha prior to the placing. The broker which organised the placing was Pello Capital which, as of Friday, is operating under restrictions imposed by the FCA, that is to say it cannot write any business at all other than allowing clients to transfer out cash and shares to other brokers.
982 days ago
I look at the shock suspension of trading by the FCA of City broker Pello. I look at Braveheart Investment Management and how Trevor Brown has made £7.5 million from pump and dump while mug punters have lost up to 85% on one pump and 60% on another. Finally, tomorrow will see an explosive dossier on the fraud Supply@ME Capital (SYME). It is a zero. Meanwhile, Ian Westbrook has now raised £19,105 on the make loathsome Neill Ricketts of Versarien (VRS) sweat like a pig appeal. We need just £895 to hit target so keep those £10 and £20 donations coming HERE
985 days ago
I cannot see a reference to this on the Supply @ME Capital (SYME) website but some folk think it is 26% of the equity. I think it is 0% and following the posting of THIS document, it strikes me as important that the truth be known. If the CEO has dumped his entire holding, why would any sane investor own the stock? I have written to the FCA as you can see below.
985 days ago
I make no accusation here against UK Oil & Gas (UKOG) and its boss Lyin’ Steve Sanderson. It is just that the recent timeline of disaster looks rather compressed to me. And given Lyin’ Steve’s form for er…lying, I have dropped the note, below, to the Oxymorons at AIM Regulation, cc’ing the woke dullards at the FCA since this relates to the conduct of an open offer.
989 days ago
On MyHeathChecked (MHC) I tidy up all the loose ends from yesterday’s options storm and i am confident that the greedy management have behaved in this way as the shares will head higher. On the fraud Zoetic (ZOE) I discuss the purchase of the domain name Chill.com and all the questions that throws up. I do know a bit about buying domain names and this is not what it seems. Then I cover the 2 questions that its financial adviser, Nick Harriss at Allenby and its scumbag PR Henry Harrison Topham will not respond to and which i will be taking up with the FCA tomorrow. It strikes me these are slam dunk rule breaches. Nick, at least, used to care about such matters.
995 days ago
An early podcast as Joshua and I are off exploring for an old bridge and a back road to Orova shortly. In today’s bearcast I look at Predator Oil & Gas (PRD) – a cause for extra ouzo tonight as Ron Pilbeam gets the order of the boot after my missive to the FCA – at new IPO Spinnaker Acquisitions (SPAQ) which looks like an overpriced nest of vipers and finally at the fraud Supply@ME Capital (SYME) whose RNS today is just complete and utter bollocks.
998 days ago
This is pretty clear. Even the woke dullards at the FCA should be able to sort this out with one phone call demanding that Wildcat Petroleum (WCAT) produce its bank records from 30 December 2020 to 31 January 2021 or maybe later. I have sent the letter below.
999 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.
999 days ago
First up, would you rather listen to Joshua on Dinosaurs than to me on shares tomorrow? He thinks he is the world’s greatest expert but perhaps we should see how he fares on the Sunday quiz if Darren yields to his demands and has some dinosaur questions in it first? In today’s podcast, I look at the FCA’s new business plan, at ADVFN (AFN) and why Yair Tauman need to put up or shut up, at Online Blockchain (OBC), Supply@ME Capital, Seed Ventures (SEED – in detail – and en passant the fraud Zoetic (ZOE) and Orcadian (ORCA) which I backed pre IPO and which Peter Brailey writes up HERE.
999 days ago
There were you and I thinking that the job of the Financial Conduct Authority was to protect consumers and to tackle financial crime. Well think again, welcome to its latest master plan published yesterday.
999 days ago
Happy Bastille Day to our listeners in France. Here another day of swimming and cooking for guests. In today’s podcast, I look at Verditek (VDTK) and the latest missive from Gollum, the investment whores at Proactive, the fraud Supply@ME Capital (SYME) & its death spiral and finally more thoughts on today’s Winnileaks special on MC Saatchi and what it says about the useless FCA when it comes to tackling white-collar crime. Finally a few words with Cliff Weight of ShareSoc re Financial Promotions.
999 days ago
On his LinkedIn profile the former CFO of M&C Saatchi (SAA) Jamie Hewitt says: “After 15 very good years at M&C Saatchi as Global CFO, I decided to leave in search of new and exciting CFO challenges. I am particularly keen to identify and work with fast scaling media and tech businesses, in either a permanent or interim role.” Before hiring Jamie, Prospective employers may care to check out this Winnileaks expose, a report from PWC into accounting fraud at Saatchi from December 2019.
1011 days ago
Fleet Street Legend Brian Basham was once a director of Vast Resources (VAST) but resigned in disgust at what he saw as blatant corporate malfeasance. He has been urging the Oxymorons at AIM Regulation and the woke dullards at the FCA to act, so far, without success. His latest missive to the FCA has fallen into the hands of Winnileaks and makes accusations that surely demand a response. It is shocking and it is below.
1017 days ago
I start with logistical issues. Thanks to Andrew Bell and Red Rock Resources (RRR), I need to find another hat to eat on video. This may take a while but I am a man of my word. I discuss Red Rock and why Bell has let me down. I end with a picture of where I was at lunchtime with Joshua celebrating today’s personal triumph re Eden Research and KPMG. Then I look at Verditek (VDTK) where surely the FCA or the Oxymorons at AIM Regulation must act now. Today’s news begs more questions for the AIM Shit of the year 2012-20, Richard Gill, aka Gollum. Then onto Hurricane Energy (HUR), Wildcat Petroleum (WCAT) and Eight Capital Partners (ECP) part of the Supply@ME Capital (SYME) swamp.
1018 days ago
Not distracted by the HMRC and IRS pursuing her for millions of bucks in unpaid taxes or by the criminal investigation into her activities at the FCA, Julie “lingerie on expenses” Meyer is holding another conference, this time in the Greek island of Mykonos on 4-5 October. Do not all rush to book. She has just unveiled a star speaker. According to an email Winnileaks has been sent from Ms Meyer…
1032 days ago
How do you know if the fraudsters at Supply@ME Capital (SYME) are lying in an RNS or financial report? Simple. If there is a “y” in the day Supply is lying. It lied about its net assets in its RTO document, repeatedly lied about its sales pipeline, lied about its sales in 1 RNS and 2 interim reports and lied about so much else. And here is another lie exposed yesterday. I have written to the FCA which has already suspended the shares once.
1035 days ago
The FCA is, almost two years after I first warned it, still doing nothing about the Appbox Media/One True View Boiler Room scam which has seen £35 million or more taken from private investors. Now I have yet more evidence of what a monumental fraud this is. But with the FCA seemingly not giving a toss, investors appear to be taking matters into their own hands.
1040 days ago
With a hat tip to our star poster PL, I have, as an upstanding member of the financial community, had to write to the FCA for a second time about the near insolvent green outfit run by serial liars Verditek (VDTK) and the Crowd For Angels platform and its compliance officer, Richard Leonardo Gill, commonly known as Gollum.
1041 days ago
I start with a few thoughts on Kefi Gold & Copper (KEFI) in the wake of today’s scoop. Then it is onto more failings at the FCA and the scandal of its staff bonuses. Finally some thoughts on inflation which is now clearly starting to get a grip. Even so I can’t stop myself holding a good bit of cash.
1041 days ago
I first wrote about the High Street Group 426 days ago. It was the sixth mini bond scheme I had written about. Of the first five, four being London and Capital Finance, Blackmore Bond, Bassett & Gold and Buy 2 Let Cars and all in administration and in the case of London and Capital Finance and Buy 2 Let Cars, the Serious Fraud Office are investigating the Directors. Wellesley Finance managed to pull off a Creditors Voluntary Arrangement and persuade investors to take a significant haircut in order to let the group restructure and avoid administration.
1041 days ago
The first time I contacted the FCA about these two boiler room scams was in November 2019. Natch the woke dullards were too busy jerking off on ESG porn to do anything and now about £35 million has been stolen. My coverage has been extensive as you can see HERE. But now it really is time that the FCA did something and put these frauds to the sword if only so that those who invested under EIS can get some of their cash back.
1044 days ago
Thanks to Winnileaks I have obtained an explosive document prepared by Neil Woodford in January 2018 in which he answers questions put to him by Old Mutual for whom he – at the time – managed a value fund. I publish it in full and it is explosive in part because Woodford – for once – shows a degree of honesty in what he says. And that makes it all the more damning. If the FCA can be bothered to read this it explains in a nutshell why Neil Woodford should never again be allowed to manage other folk’s cash.
1044 days ago
Mark Kavanagh, formerly “Head of Product Risk” - no sniggering at the back – with the collapsed Greensill Capital, now under FCA investigation has sent us an email after I highlighted his new job at Supply@ME Capital (SYME). Mark is a tight-fisted poltroon and asks that we send him the article for free. Mark clearly thinks he should not pay £1.99 for a day pass. Mark: do you work for free or are you paid vast sums to control risk at lenders that collapse?
1045 days ago
As I revealed HERE with a letter from the FCA, it is still conducting a criminal investigation into whether Julie Meyer MBE illegally used client funds. My source who is assisting with that investigation tells me that it is still live although, for reasons you may speculate about a find upstanding Member of the British Empire is slowing things down by refusing to co-operate. But this is not the only enquiry into Lingerie on Expenses.
1047 days ago
Surely the FCA has to come down on Main Market listed Argo Blockchain (ARB) like a ton of bricks because it has today admitted that it suppressed and hid from investors bad news so that its shares could be pumped allowing directors to dump millions of pounds worth of stock and then, a few days later to do a £27 million placement. How can this not be a criminal breach of the rules by a £610 million capitalised company? Here is the shocking timeline.
1049 days ago
Following revelations HERE and HERE, I have today written to the FCA urging it to launch an immediate investigation into crowdfunding platform Crowd for Angels and its compliance officer Mr Richard “Gollum” Gill to establish whether it is appropriate that either continues regulated activity. I believe neither do as the letter below explains.
1049 days ago
It is with a heavy heart but, as an upstanding member of the community, it is my duty. I shall be reporting Crowd for Angels and its compliance officer, Mr Richard “Gollum” Gill, to the FCA later today arguing that they are potentially misleading investors in a material way with regard to the “underwritten” Green bond for AIM listed uber dog Verditek (VDTK) which I covered yesterday.
1064 days ago
This all looks a bit of a mess. Loan shark Amigo (AMGO) needs Court approval for a scheme whereby customers it screwed get only partial compensation. Those customers have been bullied into voting for it by directors making the threat that if the plan is not accepted then Amigo will put itself into administration meaning shareholders and screwed customers get nothing. The FCA has objected as the directors are lying, there is a fairer way.
1064 days ago
RSM has filed its joint administrators’ proposal dated 7 May 2021 at Companies House which effectively confirms that Buy 2 Let Cars Limited was a circa £50 million Ponzi scheme with new investors paying for existing investors’ interest and returns of capital. This is revealed on page 14 of its report which discloses that:
1067 days ago
Everyone knows that loan shark Amigo (AMGO) screwed tens of thousands of customers. Even the company admits to it. Shareholders benefited from that screw. Amigo wants to pay out just a portion of that screw in compensation, leaving shareholders taking no pain as they get to keep some of the ill-gotten gains. Quite rightly those folks at the FCA have taken a few minutes from wanking off on ESG porn to put a stop to this.
1067 days ago
This looks like such a blatant con that even the woke dullards at the FCA who regulate (no sniggering at the back please) the Standard List must be alert to it. Iconic Labs (ICON) which has massive negative net current assets and no cash has signed non binding terms to take a controlling stake in Sting Industries Ltd. Okay so what’s the con? CEO Brad Taylor – who has worked with OTT “for many years“ – says his company:
1080 days ago
As ever, I urge the 95% of bearcast listeners yet to donate to give today to Rogue Bloggers for Woodlarks. Now I must warn you that Matthew and his dog may not approve of this podcast, nor will the FCA as in light of today’s expose I discuss its role in enabling the Supply@ME Capital (SYME) fraud. I discuss the failings of the standard list and also why the end of lockdown will see more businesses go bust and I explain why the fine details of revenue recognition are not – as folks like Zak Mir seem to think – accounting porn for Geeks but really do matter.
1080 days ago
This is so simple that even the woke dullards at the FCA should be able to understand it. If you delve into the geeky world of IFRS you will see why Supply@ME Capital (SYME) cannot have booked any sales at all in calendar 2020. That makes its September 28 2020 RNS claimed booked revenues of £2.2 million and its interim results published on January 29 2021 claiming H1 sales of £386,000 also a lie. Directors have dumped millions of pounds worth of shares at prices inflated by those lies which makes this a fraud. So here, for chatroom and regulatory morons, is a detailed explanation of IFRS and what is going to happen next.
1087 days ago
David Lenigas was unable to float his poxy related party spoof Lenigas Cuba on AIM or the Standard List as regulators objected to the way he awarded himself gazillions of founder shares at peanuts before raising money shortly after from mug punters at a vast premium. There was no justification for the uplift it was just greed and even the AIM sewer and the FCA regulated (no sniggering at the back) Standard List have some standards. Luckily Aquis has no standards and so Lenigas Cuba listed there. Of course it ended in tears. But that established that Aquis has no qualms about quite appalling greed. Take NFT Investments.
1089 days ago
I comment on St George’s Day HERE. In a long podcast I look at Versarien (VRS), Audioboom (BOOM) – misleading again – Bluebird Merchant Ventures (BMV), Bitcoin and Argo Blockchain (ARB), Bahamas Petroleum (BPC) and the fraud Supply@ME Capital (SYME). And we are now just three hundred quid shy of £14,000 for Rogue Bloggers for Woodlarks, please donate HERE.
1090 days ago
Wildcat Petroleum (WCAT) is putting out statements which are so misleading as to be on the borderline of fraudulent. As it is Standard Listed there is no Nomad to sign off on RNS releases which clearly are deceptive and it is thus down to the woke dullards at the FCA to act to stop jerking off on ESG porn and to act to stop Wildcat misleading investors. Today’s RNS is just utter bollocks, surely the FCA must act.
1092 days ago
It is to be hoped that the FCA takes a dim view of a company that is now shown to have serially deceived investors as to the size of its client pipeline, so inflating the share price allowing directors such as chairman Dominic White to dump millions of pounds worth of shares on dumb punters. That company is, of course, the fraud Supply@ME Capital (SYME) and if staff at the British regulator were not sio busy jerking off on ESG porn they would have shut this con down ages ago. So today the fraudsters serve up an acquisition update.
1092 days ago
For Ms Lingerie on Expenses MBE things go from bad to worse. As the FCA Criminal Investigation into her alleged misuse of client funds cranks up, as demonstrated HERE, at Drive Software, the company she owns and claimed was Tesla meets Fitbit, it looks ever bleaker with a crash landing in tits up alley now only a matter of time.
1097 days ago
I have communicated with Britain’s finest regulators, no sniggering at the back please, a number of times on the matter of AIM bad boy Verditek (VDTK), the company run by Tory Toff Lord Willetts which is heading rapidly for insolvency. I have written again on the matter of its market abuse, deceiving investors to pump the shares ahead of bailout placings. The letter is below:
1102 days ago
Just for the record, I first explicitly warned the woke dullards at the FCA which regulated (no sniggering at the back please) this group that this would end in tears in October 2019. The Serious Fraud Office has, today, launched a formal investigation into suspected fraud at the Raedex Consortium, including the companies Buy2Let Cars, PayGo Cars, Raedex trading as Wheels4Sure and Rent2Own Cars. This is the group run by devout Christian Reginald Larry Cole.
1103 days ago
Thanks to Winnileaks I have a dynamite letter from the FCA to one of Julie Meyer’s 32 unpaid, and thus ex, lawyers confirming what is an ongoing criminal investigation. But first, how did she get her MBE? Answer: she had political friends including the late Paddy Pantsdown and Liam Fox MP. Someone high up nominated her. Then, as her UK flagship Ariadne Capital collapsed into administration, she fled to Malta where she also had political pals. That was until the criminal charges were filed and she ran out of other folks’ cash. Then it was Switzerland and Greece where again leading politicians have fallen for her charms. But do they know about the UK criminal investigation?
1103 days ago
I first warned you all that this company was insolvent 360 days ago. The FCA has done nothing and £60 million of investors’ money will soon go up in smoke. But as the chaps at the FCA know, it is only the lower middle and working classes who buy mini-bonds so who cares? Two days ago I revealed that a second auditor in 7 months had quit. Now the resignation letter from the first to walk, PWC, has finally appeared at Companies House. It is so truly damning that even the woke dullards at the FCA should take note.
1105 days ago
I first warned that The High Street Group was a £60 million mini bond scandal waiting to collapse 358 days ago. But the FCA has still failed to act. Now the company has lost its second auditor within 7 months. Surely the woke dullards at the FCA can take a few minutes off from issuing another paper on the transgender pay gap to take some action?
1106 days ago
That Supply@ME Capital (SYME) is a fraud is beyond all doubt. Put simply, it has deceived gullible investors on an industrial scale allowing directors to sell vast numbers of shares at grossly inflated prices. They get to become multimillionaires as a result while mug punters will lose everything when Supply finally admits that it has run out of other people’s money. Which it already has but has yet to admit to. Yesterday, evidence emerged of THREE more monster deceptions via RNS which pumped the stock allowing insiders to sell. I have written to the FCA as you can see below.
1109 days ago
There were 190 IPOs of Special Purpose Acquisition Companies (SPACs) in the USA last year, none in Britain. But like other ghastly Americanisms including Trick or Treat, rap music and Meghan Markle, eventually all the rubbish ends up here too. But fear not, the FCA has plans to regulate SPACs so that they can list on the London Stock Exchange and has today launched a consultation exercise. My submission, if there was any point, would be to just say No!
1109 days ago
I continue the world of smoke and mirrors of Julie Meyer with a look at Ariadne Capital Partners GP Limited, supposedly a business engaged in fund administration which the great entrepreneur founded on 13 January 2010. It has one £1 share but who owns that share? Both the FCA and the Administrator of Julie’s flagship Ariadne Capital Limited might want to have a butchers.
1116 days ago
I end with a few notes on Woodlarks. There are now 7 walkers confirmed – please do make a donation HERE. Then I discuss 2 acid tests today for the FCA: Supply@ME Capital (SYME) and Lyin’ Chris Cleverly’s planned RTO into Stranger Holdings (STHP). Then I look at St James House (SJH) and wonder if the taxman needs to have a butcher’s at 4 of its disposals involving John Botros. Then it is onto IQE (IQE) and why Malcolm Stacey and thirsty Paul Scott are wrong. Finally a look at Jubilee Metals (JLP). I look at the fundamentals after today’s interims and conclude that the shares should be well North of 20p. Then I discuss the matter with the world’s leading analyst of PGM stocks beginning with J for his input.
1116 days ago
It is a simple question I have put to its PR man repeatedly over the past couple of days. So far there has been no answer. I can find one when the name was Imaginatik on 12 December 2018 but none since. So why should this matter, when I raise it with the FCA later today?
1116 days ago
When your cousin James is a Foreign Office minister and tipped as a future Prime Minister and you mix freely among the Westminster great and good you might think that you are above the law. That certainly seems to be the case for Chris Cleverly who has spent the past five years lying to investors and raising cash on the back of it. Now he has a new con which he is trying to float on the Standard List of the London Stock Exchange via a backdoor reverse takeover into an insolvent company, and he has now roped in a US listed company which is already lying to its investors. The FCA and SEC must act at once. Cleverly’s crime spree started at AIM listed African Potash (AFPO).
1127 days ago
What does the perfect fraudster look like and how does he like to be depicted? Earlier I showed why Buy 2 Let cars was a ponzi, a fraud, where £35 million of punters cash will almost certainly go to money heaven and where the FCA was – yet again – criminally negligent in ignoring my warnings. Now meet Reginald Larry-Cole the crook behind it. Born in Sierra Leone he has an Atilla from a new University. Nothing remarkable there. Nor the drink drive rap where he was so drunk he collapsed out of the car but still pleaded not guilty, blaming the cops. So he is a liar.
1127 days ago
I think they have and, given how much warning I gave the FCA, this will go down as yet another epic fail by a regulator who did nothing until it is too late. Once again the regulator addresses the concerns of the middle classes yakking on about the gender pay gap and diversity among very well paid white collar employees but in terms of protecting financially unsophisticated lower middle class and working class folks, its actual job, it fails. Screw the plebs, it is not as if senior FCA staffers have any social contact with the dirty oiks, is it? Like the 14 year old girls in Rotherham, they are just trash. They don’t matter. As for Buy to Let, its boss, Reginald Larry-Cole, might tick all the FCA’s diversity boxes but he is a crook. He needs to go to jail.
1128 days ago
Shares in loan shark Amigo (AMGO) are down by 12% today to 12p on what appears to be, well what most certainly is, a regulatory setback. But one loyal shareholder, the infamous short seller Simon Cawkwell, aka Evil Knievil, is not deterred and tells me that the shares will still hit 20p and could even go to 30p. The setback first:
1128 days ago
The pattern has always been the same. We issued explicit warnings about London & Capital Finance, Blackmore Bond, Bassett and Gold, Buy 2 Let Cars, The High Street Group and Wellesley Finance. Companies such as my beloved West Ham United screwed over their fans and continued to support these rogues. The FCA was too busy publishing papers on the gender pay gap, Brexit, climate change or LGBT awareness to do anything until tens of millions of pounds had been lost. But heck it is was only the great unwashed who suffered.
1128 days ago
I warned a couple of weeks ago that Wildcat Petroleum (WCAT) was the most bonkers valuation on the market. Since then, it has got 30% more bonkers thanks to insanity and non news today.
1134 days ago
Eurasia Mining (EUA), of which more later has already met Roy this week as it became the company to have enjoyed the longest spell ever under a Formal Sale Process without actually getting a bid or admitting there would be no bid. It snatched that record from Best of the Best ( 251 days) on Thursday morning. But before the late Mr Castle thinks his job is over, I sense Umuthi Healthcare (UHS) may also get to meet him Norris and, of course, Cheryl Baker, formerly of Bucks Fizz. In doing so it will show that however many women the FCA promotes it is still useless.
1135 days ago
s the Zoetic (ZOE) owning moron really responsible. Clearly he does not believe in a free press, hates me and boasts of it. But we are under a massive attack which is a bit of a distraction. Elsewhere I look at the bonkers turn of events at Umuthi (UHS) and speculate why the FCA has suspended the shares.
1135 days ago
I start with communications received by email and twitter. I sense attempted entrapment by shareholders in the fraud Supply@ME Capital (SYME). Then it is onto a speech by Debbie Gupta of the FCA and her failure to understand why her organisation is not fit for purpose. Then to Nightcap (NGHT), Petra Diamonds (PDL), Mountfield (MOGP), Skibiotherapeutics (SBTX) and me being fat as described here.
1137 days ago
At 3.09 PM came the shock news: The FCA has allowed shares in the fraud Supply@ME Capital (SYME) to resume trading on the Standard List. The morons are delighted and the shares have moved ahead from 0.51p to 0.55p valuing this worthless fraud at £181 million. Better still…
1139 days ago
I start with a reference to the covid testing stocks and the £8 billion Government tender I revealed earlier HERE. Then it is onto how companies are circumventing rules about ramping their shares with lies by getting shareholders to do the pumps via folks like Justin the Clown and Zak Mir. The FCA, AIM Regulation and corporate advisors need to stop washing their hands onto a range of abuses by shareholders and deal with it.
1139 days ago
I have already dealt with the imminent demise of its sister company, One True View, where a sham £186 million bid evaporated and where the end is nigh. Now to Appbox Media, the first company set up by Polat Hassan as part of his City boiler room operation which has stolen £30m from naïve investors. The FCA was warned by me as long ago as November 2019 but natch has done nowt.
1140 days ago
The FCA has clearly failed investors on a serial basis over many years: Woodford, all of those mini-bond disasters not just London & Capital Finance, Quindell, the list goes on and on. So now under new CEO Nikhil Rathi there is claim that it is getting its act together. Frankly, this is woke cobblers, it is rewarding failure, it is not changing a culture of smug and holier than thou incompetence.
1140 days ago
Shares in Supply@ME Capital (SYME) have now been “temporarily” suspended – after I explained to the FCA why a suspension was needed – since January 21. I wonder how the Sith Lord Zak Mir, such a keen promoter of this fraud, interprets the 1 month share price chart?
1140 days ago
We’ve all seen the adverts on TV. Michael Parkinson and a bunch of others in their twilight years trying to persuade us to invest our hard-earned in a funeral plan. If you have not switched to ITV 3 to watch all the re-runs of old detective shows. All the ads are for cruises or funeral plans. The nice lady who presided over the wedding of myself and the Mrs asked me about one a few months back. I said no way. But she went ahead anyway as Parky knows more about it than I do. Well maybe he was just in it for the money too as the FCA has, for once, acted in the right way slating the whole sector for the rip off it is.
1140 days ago
Those who think that they can harass me to stop me exposing unpleasant truths need to think again. Oh dear. Oh dear. Oh dear. With the FCA and FDA both having a butcher’s at the way Zoetic International (ZOE) has lied to investors, regulators and its, very few, customers, the heat is on. But a whistleblower has emerged and it gets worse for a company which is almost out of cash and living on vapours.
1145 days ago
Following the FCA’s decision to finally act on Raedex Consortium Limited (which owns Buy 2 Let Cars) a mere 485 days after I warned it was a financial car crash BOUND to happen, some retail investors have apparently rushed to its defence on Trust Pilot providing gushing reviews praising the fact that it has always paid on time in the past, provided great service and that the FCA is acting irresponsibly and destroying a great entrepreneurial business which the country needs more of (see link below for examples):
1151 days ago
I start with the Poulden/Lenigas/Peterhouse/Mir ramp Upper Thames (UPPT). Then it is onto Ridgecrest (RDGC) where I go through the exact timeline of events and all the issues which the FCA should examine in a formal enquiry. Then I have new questions for Zoetic (ZOE) and its loathsome PR Mr Henry Halfwitted-TopHat, formerly the PR of choice to Chinese fraudsters on AIM, about District 8, the RTO and what actually happened and finally comment on the weekend analysis of Versarien (VRS). Both it and Zoetic are shares where my target remains 0p.
1153 days ago
I start the Mrs and George Orwell then with the podcast that went live today with me as the guest, not of Cheryl Cole or Princess Anne as was suggested, but of James Delingpole and it is – I think – very entertaining. Then to the final vindication of 2 big exposes from October 2019 HERE and HERE. these both show the failings of the FCA and I compare and contrast whistleblowing to the floor shitters with whistleblowing to the SEC which I did today re the fraud Zoetic International (ZOE)
1153 days ago
For 20 years Jeff PressTrip built his name at the Mail on Sunday with his exclusive chats and scoops from Neil Woodford. The quid pro quo was that he blew the man off in print once a fortnight and he ensured that Mail on Sunday Readers ALL owned shares in the doomed Woodford funds. Even a day before Equity Income was gated the Mail on Sunday urged its readers to show faith. But the corrupt old bastard (PressTrip not Woodford) wishes us to forget that and today again rails against his ex-mate saying how disgraceful is his planned comeback.
1156 days ago
The FCA is, as we know, looking hard into numerous matters relating to Zoetic International (ZOE) and Path Investments made it abundantly clear this week that this was the reason it had to pull out of a transaction with the fraudulent, and technically insolvent, Main Market listed pot company. But I had an email last night which suggests that things could well get a lot worse.
1157 days ago
I will not make that joke about Paul, Lent starts tomorrow and my minimal alcohol intake will be going to zero until Easter. I may have a couple of glasses tonight to brace myself for a period of thirst that lies ahead. In this podcast I discuss Paul’s comments on Supply@ME Capital (SYME) and why I think the FCA may not allow this fraud to relist. I look at Zoetic (ZOE) where I am hopeful of an imminent share suspension, and the pot and small cap bubble in general, also looking at today’s pot float, Kanabo (KNB).
1157 days ago
That Path could not get FCA approval for a prospectus involving a deal with Zoetic International (ZOE) as emerged yesterday should confirm that the floor shitters are all over the fraud which has lied to its (very few) customers, to investors and to regulators and which is teetering on the verge of bankruptcy. I have today written to the FCA to raise new concerns as to whether Zoetic can remain listed without issuing a fresh prospectus, which it cannot afford. The detailed letter is below:
1157 days ago
The fraud Supply@ME Capital (SYME) has repeatedly declined the opportunity to say what its cash position is right now when issuing updates on trading, today being the latest case in point. The reason, as I shall show below, is that it is bankrupt, utterly out of cash. And that may be one, of many reasons, why the FCA does not allow its shares to resume trading. So here is the maths which is so easy that some of the morons who own this stock, perhaps even promoter in chief Zak Mir, might understand it.
1157 days ago
I do not hide my view of badgers. If you are reading this in some big city, you probably think of them as loveable fury little creatures just like Foxy Woxy. I view them as aggressive vermin just like Foxy Woxy. Badgers eat hedgehogs, animals I rather like. They dig up the graveyard at the end of my fields where one day I shall be buried. They are not after the bodies, just the worms, and that also sees them digging up my lawn and those of all my neighbours. They have a go at my strawberry patch which is adjacent to their sett here at the Welsh Hovel. I loathe badgers.
1157 days ago
Oh dear, oh dear. If anyone believes the latest RNS from the fraud that is Supply@ME Capital (SYME), I have a bridge to sell them. It is now 18 days since the company asked the FCA to unsuspend its shares, a process that should have taken hours, but still the FCA will not relist and the half-witted owners of the equity are being asked to believe that there is nothing wrong? Whatever.
1159 days ago
Shares in the fraud Supply@ME Capital (SYME) have now remained suspended for 16 days as the FCA investigation into numerous irregularities continues. As we wait for the final denouement, a question for folks like the Sith Lord Zak Mir who are so keen to promote the stock: let’s turn to page 47 of the prospectus.
1160 days ago
There is a masive cover up underway of the way Zoetic International (ZOE) has been lying to investors, its few customers and regulators on an industrial scale.Today I expose that cover up. It is no surprise that the FCA is looking long and hard at this company as it confirmed to me in this email late last week. In the wake of the bombshell dossier from eight days ago, HERE, the company has been working round the clock to cover up what it has been doing. However…
1164 days ago
I repeatedly warned folks about One True View and Appbox Media, two scams run by Mr Polat Hassan from a City boiler room which have snaffled c£30 million of investor cash. I alerted the FCA but, as you might expect, the floor shitters did nothing. So what news from One Tue View since it announced a £13 a share, £186 million, takeover back in late 2019.
1164 days ago
Oh dear, oh dear, it sounds as if the morons who are left holding Supply@ME Capital (SYME) shares, still suspended as the FCA investigates numerous irregularities, are getting desperate. Now they are fabricating emails from the FCA itself.
1166 days ago
As you are aware, the Standard List is regulated by the FCA which is now considering my explosive dossier on Zoetic International (ZOE) published last Wednesday. But while the FCA considers its position, which as I have pointed out to it, should not be in any doubt, it must act, there is a regulator which can cause it far more trouble. When not engaging in a quick spot of pre-luncheon Badger slaughtering, I have contacted the FDA.
1167 days ago
Tomorrow, I shall publish my correspondence with the FDA in America which has the power to shut down the entire business of Zoetic (ZOE) for its serial rule breaches. But for today I stay in dear old Blighty. I published the dossier showing the lies and law breaking of Zoetic (ZOE) on Wednesday and naturally, being a fine upstanding, badger hating, member of the financial community, ensured that the FCA saw the entire document. At 8.36 PM on Friday the regulator got back to me. It says:
1168 days ago
Supply@ME Capital (SYME) has today addressed the issue of the continuing suspension of its shares by accusing the FCA of lying. Naturally this has delighted its moronic shareholders.
1170 days ago
The FCA will by now have had ample opportunity to read yesterday’s explosive dossier on Zoetic (ZOE) HERE. I sense, however, that most folks owning the shares will not have done so since they think not paying £1.99 for a day pass is a cost saving as they prepare to kiss goodbye to their savings. Whatever. It is a false economy for you morons. But for the cheapskates, outside the paywall, I offer you one slam dunk and material lie from that dossier. And companies that tell monster lies to deceive investors are frauds, are they not?
1171 days ago
Of course the short interest in Zoetic (ZOE) is utterly miniscule. But of you are a moron like Scuba Steve that does not matter. You will not have read a dossier dealing with facts which shows why the shares are worth 0p and why the FCA should suspend trading. You are a moron. Meet Scuba Steve as he buys Zoetic today.
1171 days ago
For me, one of the highlights of the past fortnight was stumbling across a discussion in the “private and secret” Telegram chatroom run by shareholders in Supply@MECapital (SYME) where morons talked about hiring a hitman to have me killed. The trigger was the shares getting suspended by the FCA – which regulates the Standard List where Supply shares were traded – after I sent a letter pointing out why they should be suspended.
1171 days ago
This uber-ramped but almost insolvent company will not like what follows. Since it is 100% fact based and verified there is little it can do, but if it wishes to threaten me with legal action the response will be “see you in Court Bitchez!”. I shall be ensuring that my numerous concerns are brought to the attention of my good friends at the FCA later today.
1174 days ago
I start with ShareSoc backing an investor action group at bust mini bond outfit Wellseley. I warned folks explicity about this almost two years ago HERE and many times thereafter so have scant sympathy. I discuss the role of the floor shitters at the FCA in this debacle. That brings me to Supply@ME Capital (SYME) after today’s dynamite expose HERE. The email is genuine. I ask what next? Finally I discuss comments by populists seeking cheap love, such as shamed Neil Woodford promoter Jeff PressTrip of the Mail on Sunday and Nigel Farage, about GameStop. Do they both really support bubbles and capital misallocation?
1174 days ago
On Thursday and Friday of last week Supply@ME Capital (SYME) published its overdue audited accounts for 2019 and its unaudited interims for the first half of 2020. The latter happened at 7.15 AM shortly after Lookers published its delayed accounts. By 9.35 AM Friday Lookers had applied to the FCA under rule 5.4 and its shares started trading again. But Supply shares remained suspended all day. Its moronic shareholders see this as no issue and assume that trading will restart Monday AM. I have bad news for them.
1175 days ago
Earlier I broke the story of how desperate Supply@ME Capital (SYME) owning morons were gathering on Redditt to try to replicate the GameStop effect in the UK and to “FuckTheLondonStockExchange”, manipulating shares in the, currently suspended, con from a £122 million value to £12 billion! I will have some bad news for them from the FCA later. But there is another group on Redditt now trying to organise a GameStop on a range of stocks and guess which sleazy, share dumping, lying CEO of a cash guzzling AIM listed POS has signed up, as I demonstrate below.
1175 days ago
Shares in the outright con Supply@ME Capital (SYME) remain suspended on the London’s Stock Exchange despite its very belated posting of two missing sets of accounts. In my latest letter to the regulators at the FCA I explained why the shares should stay suspended until Supply’s lies in those two accounts are addressed. But here’s another reason, plotters on Reddit are aiming to attempt a mass buying of the shares on Monday, if they are unsuspended, to destroy, what they believe is a massive shorting conspiracy. They think Supply will be the UK’s GameStop, taking down evil hedgies and shorters.
1175 days ago
It was a letter from myself, as an honest and upstanding member of the financial community, to the FCA, the regulators of the Standard List, that got shares in con Supply@ME Capital (SYME) suspended. Now technically, having finally published audited numbers for 2019 and unaudited half calendar 2020 numbers, it should have the shares unsuspended. But what has emerged has been so nonsensical, both for 2019 HERE and for 2020 HERE that I have written to the FCA urging it to maintain the suspension for a while yet. Now I reckon the floor shitters are so useless at regulating, if not defacating on their own carpets, that they may well unsuspend the stock. But here is why they should not.
1176 days ago
Of course you do not have to listen to me or, in this case to an industry veteran. Why not just listen to Zak Mir, Alex McKinley and the other “experts” and fill your boots with this con when its shares resume trading. On that note, Looker published its delayed accounts today and its shares were unsuspended at 9.35 AM. I wonder why the FCA is not unsuspending Supply@ME Capital’s (SYME) shares yet? Anhow back to the expert auditor who notes:
1176 days ago
We know from yesterday released audited 2019 results that as at this week Supply@ME Capital (SYME) has still not signed one contract with a customer and has no cash with which to service any customers. Yes it has provided term sheets but that is not the same thing. I might well provide a term sheet to Cheryl Cole later today about a servicing proposition I have. But that, I am sad to say, would not be a binding contract! And without a contract or even a purchase order you simply, as a PLC, cannot book any revenues. Which brings us to today’s release of half calendar year 2020 results from the con that is Supply@ME Capital.
1180 days ago
All this needs now is for Harriet Dennys of the Mail on Sunday to claim that this company has a £6 million war chest (It does not) and Pineappple Power (PNPL) will show everything that is wrong about UK smaller companies markets, especially the FCA regulated, no sniggering at the back, Standard List. Let’s start at the beginning.
1182 days ago
And still the floor shitters at the hopeless FCA allow this massive mini bond ponzi to carry on hoovering up investors cash despite a stream of exposes on this web site which a child of ten could see is a warning that immediate action is needed.
1184 days ago
There is a “private” chat room on Telegram where shareholders in Supply@ME Capital (SYME) discuss why this con of a company is going to make them rich beyond their wildest dreams. But, with the shares suspended today by the FCA as a result of my good work, naturally they need to think of how they can solve their problems. Natch, the answer is, as you can see below, to kill me. Sure: killing a journalist is always a cunning plan…
1185 days ago
I have been warning for a long time that High Street Group is another mini bond disaster waiting to happen, another scandal the FCA has fecked up on. Now we have news. The accounts for the year 31 December 2018, yes that is right the 2018 accounts of the High Street Group Limited, have finally been filed at Companies House.
1186 days ago
Supply@ME Capital (SYME) shares are listed on the Standard List which means that no Nomad has to sign off on its ludicrous RNS statements. The regulator is the FCA which only acts in a reactive way, i.e. after a company has sinned. Actually, the FCA’s overpaid staff are too busy publishing papers on global warming, the gender pay gap or just shitting on the floor to do any regulation at all. The FCA is institutionally useless. However, in the hope that Supply’s sins are so egregious that it might just act, I have emailed Mark Steward – the Enforcement Director of the FCA – asking him to get his minions to have a butcher’s and actually do something. The letter is below.
1186 days ago
Being on the Standard List, Supply@ME Capital’s (SYME) statements are regulated not by the Oxymorons at AIM Regulation but the floor-shitters round at the FCA. When it comes to regulating the Standard List, the floor shitters make the Oxymorons seem like Inspector Morse, Hercule Poirot and the Sweeney rolled into one. I have already shown the nonsense being stated about Supply’s change of year-end and why it is trying to cover up. Next up is why the shares should be suspended at once. There is case precedent.
1199 days ago
At what point will the Government and MPs wake up to how useless is the FCA. I first warned a leading figure, Sir George Young (now Lord Young), that it was asleep at the wheel – with regard to the £3 billion Quindell fraud – back in 2013. The complacent old fool assured his errant step nephew and second cousin that the regulator knew what it was doing and I had no need to do anything more. Of course it did not. Belatedly MPs are waking up to the failings of the FCA with regard to London & Capital Finance but there have been a stream of other mini-bond disasters where I have issued explicit warnings over two years and the FCA has done BUGGER ALL to stop them from continuing to raise funds. Some have already gone tits up so losing vulnerable savers hundreds of millions of pounds. Others are car crashes in waiting. I am so angry at the FCA for letting down those who are most vulnerable.
1205 days ago
I mean it. happy New Year to you all especially our own in house Euro loon Jonathan Price who will be in tears at 11 PM Tonight. I shall not be! In this podcast I discuss the FCA and today’‘s mini-bond calamity in waiting, Supply@ME Capital (SYME) and the Marwyn vehicle (MAC1) where Vin Murria is now on board but where it seems impossible to buy shares. That’s not much fun is it? Vin: how about a Primary Bid offer for we plebs? I also lash out at Priti Patel and the Tories for blowing off the public sector while the private sector is screwed. I thought that is what Labour was for.
1205 days ago
On its website under heading “High Street Group In Numbers” it states its Current Estimated Value of The Group is £1.5 billion and forecasted value of the company by 2023 is £3 billion. My forecast value by the end of 2021 is exactly zero. You will not be able to say that you were not warned. Or that the truly useless FCA has done anything,or is currently doing anything, to stop mug punters losing cash on this mini-bond disaster. Given the scrutiny it faces over London & Capital Finance that is doubly shocking.
1211 days ago
Yesterday I revealed how Roland “Fatty” Cornish was, as Nomad, to Octagonal (OCT) approached by a whistleblower about manifest and multiple regulatory failings but instead of acting on this matter he dobbed the whistleblower in to the company which saw the whistleblower getting a lawyers letter. This should see Fatty struck off as a Nomad now that the SEC – with FCA help – is charging Octagonal and its boss John Gunn over these matters and others. It gets worse for Fatty.
1211 days ago
At 8 AM on Christmas Eve shares in Octagonal (OCT) were suspended on the AIM Casino. At 1.04 PM, with the market closed, and everybody switching off their screens came the bombshell. Assisted by the FCA the SEC has charged Octagonal’s main subsidiary, Global Investment Strategy UK Ltd. (GIS), for clearing and settling billions of dollars of U.S. securities transactions without registering as a broker-dealer in violation of the federal securities laws. The SEC also charged John William Gunn, its founder and principal, with aiding and abetting those violations. Kerboom. You cannot say that I have not warned you for years that Gunn – who also runs uber dog Inspirit (INSP) – was a prize rotter.
1221 days ago
Back on 26 August Umuthi Healthcare announced via RNS that it was to float on the (sub) Standard List of the Main Market, that is the one where those fine chaps and chapesses at the FCA are in charge of admissions. All was set for the UKLA to set a listing day in early September, we were told. But then came a delay.
1235 days ago
This is so rotten and corrupt at every level that the FCA should be crawling all over sub Standard listed Dev Clever (DEV) and Mark Horrocks driven sub standard listed Asimilar (ASLR). It seems that FCA staff are too busy shitting under their desks to do anything about it.
1243 days ago
I answer this question as best I can as there has been internet commentary suggesting that it is. After Supply@ME Capital (SYME) I look at another POS, Bidstack (BIDS) and a third in TrakM8 (TRAK). Then it is onto Union Jack Oil (UJO), Reabold (RBD) and Concepta (CPT) where – do not laugh – I am really very excited.
1246 days ago
A reader has been contacted by Hargreaves Lansdown (HL) about what is in his acount. No not units in Neil Woodford funds bought on the advice of Hargreaves as its own funds were selling out but certain funds invested in crypto currencies. The letter reads:
1263 days ago
Let’s start with the good bad news from this provider of usurious loans to folks who cannot afford traditional credit and are too stupid to understand what getting a mate to guarantee such a loan really means. The good bad news is that, with the FCA breathing down its neck, all 25,571 complaints about mis-selling received by July 3 have now been dealt with by Amigo (AMGO).
1263 days ago
Shares in Telit (TCM) the company founded by fugitive from US justice, the fraudster Oozi Katz, a man who is still the second largest shareholder and who the FCA seems intent on not prosecuting despite his bent share dumping ahead of a profits warning, says it has received two bid approaches. But before mug shareholders celebrate too much….
1295 days ago
Spotting misleading and deceptive RNS statements made by technically insolvent AIM listed ramp Verditek (VDTK) is like shooting fish in a barrel. The skill is in finding one that is demonstrably true! Given that the company needs a placing pronto to avoid bankruptcy, AIM Regulation and the FCA should be investigating all its statements made via RNS to establish if ANY are true, given how many pre-placing lies I have unearthed. So here is yet another one… Optimeyes.
1302 days ago
As you will be aware I have today written to the FCA about the lying and suspicious share trades of Supply@ME Capital (SYME) chairman Dominic White. An eagle-eyed co-conspirator draws my attention to page 101 of the (balance sheet fraudulent) RTO prospectus from March 23 2020. I do not wish to be a pedant but….
1302 days ago
I have been warning about Wellesley Finance Plc since Sunday 17 February 2019. It was the third in a series of articles I wrote about mini bond lenders in early 2019, starting with London and Capital Finance Plc, then Blackmore Bond Plc, and finally Bassett & Gold Plc with the other three now all in administration with substantial losses of investors capital. Now its 4 from 4 – ouzo at the Sheriff of mini bonds towers! And, again, the FCA has fecked it up whden it comes to ignoring clear warnings and its basic job of protecting investors.
1302 days ago
It has been announced today that Supply@ME Capital (SYME) chairman Dominic White has sold c£1.5 million worth of shares at 0.495p. His reason for doing so is a demonstrable lie and as such I have written to the FCA, as regulator of the Standard List, suggesting it suspends the shares to stop more boardroom dumping and charges White with market abuse.
1310 days ago
Last night I revealed how, despite being warned that an article with ludicrous price targets for Supply@ME Capital (SYME) shares was fake, the CEO Allessandro Zamboni tweeted it out causing his cretinous followers to pledge to fill their boots today. Last night there was no sign of contrition but, I suspect, my communications with my good friends at the FCA rather focussed a few minds. So this morning we have an RNS admission of fake news from the company. It is not good enough, Zamboni has committed market abuse and should be in jail and it shows his company is a scam.
1311 days ago
Trading in shares in Supply@ME Capital (SYME) cannot start tomorrow as the CEO Alessandro Zamboni has actively created a wholly false market by knowingly engaging in market abuse as I exposed earlier. I have written to the FCA asking for urgent action. The letter follows:
1316 days ago
One hopes that the FCA is actively investigating the clear market abuse engaged in by Dev Clever (DEV) with its May 13 subscription announcement. If you wanted any more evidence that this grotesquely overvalued company was slippier than the slippiest of eels, it was provided today with a trading statement which is nothing of the sort.
1316 days ago
I have already demonstrated that AIM listed Verditek (VDTK) misled investors in a material way with regard to phantom orders ahead of placings in September 2019 and March and May this year. But this now gets far worse and AIM Regulation/The FCA needs to step in at once. Let’s start with the high grade Tory sleaze.
1322 days ago
Just under four years ago I exposed the perilous finances and smelly related party loans of Money & Co, the Peer to Peer lending operation of Nicola Horlick, the ghastly self-promoter previous dubbed Superwoman. It was clearly on the rocks & engaging in some very Spanish practices then and the FCA should have moved in. But it did not.
1325 days ago
I am prompted by my hero Mr Peter Tatchell and having checked with another hero, Mr Kelvin MacKenzie, that I am not misquoting him, I shall be penning a piece tonight on this fascinating subject. Elsewhere I look at Pendragon (PDG), Nostra Terra Oil & Gas (NTOG), Wishbone Gold (WSBN), Tern (TERN), Dev Clever (DEV) and Supply@ME Capital (SYME) and why the FCA MUST act against the last two enterprises on my list today.
1325 days ago
Aided and abetted by Good Germans such as the Sith Lord Zak Mir as well as active stock manipulation by unscrupulous social media operators, the ramping of con company Supply@ME Capital (SYME) continues. But at the heart of this are the activities of CEO Alessandro Zambini whose activities I exposed at the weekend. This is clear market abuse and I have written to my great fans at the FCA asking for a formal enquiry.
1325 days ago
Yesterday both Nigel and myself covered the shocking Asimilar/Dev Clever/Mark Horrocks scandal. It is clear to me that in light of what we discovered on September 1, that on May 13 this year Dev Clever (DEV) issued a statement that was grotesquely misleading and as such, constitutes clear market abuse. I have thus asked the FCA to launch a formal investigation into what is a scandal.
1327 days ago
No doubt moronic shareholders in Supply@ME Capital (SYME) will urge it and its boss to sue me for libel. Bring it on baby! See you in Court Bitchez! This is a situation where surely the FCA has to act.
1334 days ago
In yesterday’s bearcast I explained why suggestions that Reach4Entertainment (R4E) CEO Marc Boyan was considering merging Reach with his private company Miroma should be investigated by the authorities. Upon reflection the scandal is potentially even larger than I thought. Notwithstanding the fact that two guests at my wedding (Messrs Wray & Yeoman) of which I shall be celebrating the 7th anniversary this coming weekend, are intimately involved with Reach and will be very pissed off with what I am doing, I have now written to the Oxymorons and the Chocolate Teapots and asked them to consider involving the Takeover Panel. The letter follows.
1335 days ago
Yes it is corrupt to claim that with 60 articles a year you are chasing Neil Woodford when you were for two decades his greatest cheerleader on Fleet Street. Jess Press-trip ignored ALL the warnings and kept on urging Mail on Sunday readers to average down on Woodford funds. He should hold his head in shame. He demands transparency over Woodford, I demand transparency from him so have 4 questions the loathsome reptile will not answer. I also look at bent PR led journalism at the Sunday Times ref BT (BT.) Then it is onto Reach4Entertainment (R4E) where the FCA and AIM Regulation should be all over the company, its CEO Marc Boyan and chairman Lord Grade.
1337 days ago
I shall explain which I am selling and which I am buying and exactly why in the bearcast. Enjoy. I also look at the latest Covid data which spells death for Catenae (CTEA) and doom for others and, with a hat tip to the great Peter Tatchell to covid profiteering by Burberry (BRBY). I look at Plutus Powergen (PPG) in detail, and also at share trades that have happened but others that are not happening which explain why Supply@ME Capital is shaping up to be such a scandal and one where the FCA has disgraced itself by its actions and is still disgracing itself by its inactions. I also explain why comrade PL is taking nonsense on ESG spend adding value.
1339 days ago
Enough is enough. Two weeks ago, an article HERE forced Verditek (VDTK) to admit on August 12 2020 that the two big contract wins announced in 2019 had not gone through but it had raised money without telling investors of these massive setbacks. On Friday, I showed that it had actively misled investors ahead of placings in September 2019 and March 2020. Enough is enough. How many more lies have been told? I have written to the FCA & AIM Regulation asking for the shares to be suspended pending a full investigation into the company, its directors, and Nomad WH Ireland which, at best, has been asleep at the wheel.
1341 days ago
Earlier today, I published an email showing that Verditek (VDTK) had, via its brokers, lied to investors as it tried to raise money in a placing in February/March 2020. Okay, to lie to investors once is bad enough but what if it has lied before? Might that suggest that there may be more lies out there and that the shares should be suspended while the FCA and the Oxymorons at AIM Regulation have a serious butchers? Well, as it happens, thanks to Winnileaks, I can now show below that Verditek also lied to investors as it raised money in late September 2019. Oops, two placings, two sets of lying… I sense a pattern here.
1344 days ago
On February 4 2018, I asked if Murray d’Almeida of Management Resource Solutions (MRS) would care to explain his links to an outfit called Halcyon as you can see HERE. Natch the FCA and AIM Regulation, the Chocolate Teapots and the Oxymorons, did nothing about this or numerous other matters we raised. Now Management Resource is no more but might the authorities care to reconsider looking at those responsible for its collapse, those who made money from it before the collapse, notably D’Almeida’s business partner, and those City advisors who enabled the sh*t show to run and run by turning a blind eye, or - in the case of legal tosser Peter Reynolds of Fladgate in threatening a journalist who exposed this scam (viz me) – I ask in light of the article below from the Australian press.
1346 days ago
Zenith Energy (ZEN) is quoted on the Standard List, so the regulator in charge is the FCA. The FCA is also responsible for policing all cases of fraud among listed companies. So, after today’s shocking fess up as a result of my bombshell of last Thursday, I have dropped the chocolate teapots a note about events since June 4 demanding an urgent enquiry and the suspension of the shares.
1346 days ago
It is 92 days since I last wrote about Wellesley Finance Plc. So, I have looked at recent developments at the mini-bond disaster waiting to happen where the FCA is, as ever, asleep at the wheel.
1347 days ago
I start with a few other comments on Greek Hovel matters. Then I move on to talk about three companies which I shall be or are discussing with the FCA: Zenith (ZEN), Eqtec (DOG), and Verditek (VDTK). Then onto NatWest Group (NWG) where I apologise for my bad language. Finally my thoughts on the gold price and comments on gold stocks I own: Centamin (CEY), Ariana (AAU), Kefi (KEFI), Bluebird Merchant (BMV), and Xtract (XTR).
1347 days ago
Maybe having a Tory grandee, Lord Willetts, as your chairman means that you are allowed to commit securities fraud with impunity on the AIM Casino? As I exposed yesterday HERE, that is most certainly what Verditek (VDTK) has been up to. Given that it is currently technically insolvent and its shares are being ramped on an industrial scale by disgraced tipster Mike Walters of 3DM, Polly Peck, Minmet, etc etc infamy and others, another placing must be imminent. I have today written to the Chocolate Teapots at the FCA and the Oxymorons at AIM Regulation asking it to try to, for once, stop fraud.
1347 days ago
Broker JubCap, whose financial woes we exposed here, is now in administration. It is an ex broker and not one that the world will miss. So who is next? Well, all the signs are that Novum, the bucket shop which employs king spiv Jon Bellis and has Gavin Burnell of Globo infamy working there even though he is not authorised to do so by the FCA, is in the merde. I suggested 66 days ago that its financials were so bad that the FCA needed to have a look and, for once, it seems the chocolate teapots have done more than that, acting on what I exposed. I count this as a win for the Sheriff so it’s ouzos all round at the Greek Hovel today. But how is Novum in such a mess?
1359 days ago
Surely, after the latest shocking revelation about Supply@ME Capital (SYME), it is only a matter of time before the chocolate teapots at the FCA move in to stop parties linked to CEO Alessandro Zamboni from the covert dumping of more worthless stock on private investors. If you do own the shares, here is another reason to quit – broker Stanford Capital has had enough.
1360 days ago
You, dear readers, cannot say that you were not warned about this one. I penned a detailed expose on April 13 warning you all that this would end in tears. Natch the FCA has done nothing, that being its standard response to folks losing all their cash to mini-bond schemes. Anyhow, word reaches me of events that suggest the end game is almost upon us for this property developer.
1381 days ago
Supply@ME Capital (SYME) must hold some sort record for incompetence by managing to show Proforma Net Assets of £226.3 million in its Prospectus dated 4 March 2020 which then become net assets of only £778,000 as shown by its accounts as at 31 March 2020 when announced on 1 July 2020. I have explained why this is such a monumental scandal and what happened HERE. But who exactly is to blame? This will shock you.
1387 days ago
Thanks for the kind words about looming paternity leave for an old man. Ahead of that the stench is not of nappies but of wrong doing at Versarien (VRS) and at Supply@ME Capital (SYME). I apologise to the FCA over Redcentric (RCN) and offer handy advice to Catenae (CTEA) as the share price goes bonkers. And Darren has fixed everything so please book your seat for MineProphets ( where Ariana (AAU) has just signed up) on July 18 HERE.
1396 days ago
The FCA investigation into her antics at Ariadne Capital continues but there is no stopping Julie “Lingerie on expenses” Meyer who is now seeking to dominate the world of fleet logistics. A gushing interview in that must read publication Fleet News tells her exciting story, or rather does not.
1400 days ago
Following the shocking revelation that Tomco (TOM) had lied to investors it has pulled the £1.5 million placing at 0.4p announced on Wednesday leaving it running on fumes. In fact, I’ll wager you a line or two of finest Colombian marching powder, direct from the City’s grubbiest dealing floors, that it is technically insolvent. Yet its shares, returning from suspension, have rocketed ahead to 0.775p, a gain of c75%. The FCA should be hot footing it to the offices of broker Turner Pope without delay. I smell crime.
1410 days ago
Another 12km training walk with my daughter looms and the little snowflake is bound to bleat as the skies darken. I will not enjoy the rain much either. So, as I suffer, please donate that tenner (or more) you know you want to give to Rogue Bloggers for Woodlarks HERE. I look in detail at Sosandar (SOS), Mercantile Ports (MPL), Avacta (AVCT), Novacyt (NCYT) and Open Orphan (ORPH) setting new price targets for all three and then discuss the crooks at Telit (TCM) as the FCA concludes its corporate enquiry.
1411 days ago
A concerned investor, keen to protect retail mug punters from themselves has today written to those sharp as nails guys round at the FCA on the matter of Intu (INTU) urging it to act to stop a false market in the shares. A copy of that letter has found its way to Winnileaks and I reproduce it below.
1412 days ago
Four reasons to be happy: Joshua is back at nursery, my daughter has arrived for a week long holiday, I seem to be set for another £50,000 unexpected pension windfall ( bring on retirement!) and my latest premium podcast with Aidan Bishop, Matt Earl and me is a humdinger and is live HERE. Elsewhere I have frank words with Colin Bird and discuss Galileo (GLR), today’s discussions with the FCA, Amigo (AMGO) and Powerhouse Energy (PHE) . Oh, PS, please dionate your £10 HERE
1412 days ago
I have today, finally, got around to asking the FCA to investigate the covert work being done by unregulated Gavin Burnell of Globo and Beaufort infamy for bucket shop broker Novum. But maybe there is a reason why Novum has to swim in the gutter…it needs the cash so badly.
1412 days ago
I start with my training walk of yesterday for rogue bloggers for Woodlarks i managed 12.5 laps before the sun got to me. In two weeks I must do 50. My next big walk is Tuesday - we are at 36% of target so please do donate HERE. Next up in hargreaves Lansdown (HL.), why not screw your customers as they seem to like it? Then onto share sales in Skinbiotherapeutics (SBTX) by Optibiotix (OPTI) and what appears to be a scandal involving broker SP Angel. I shall be going to the FCA tomorrow to ask for an enquiry. Finally is Steve O’Hara a liar like Lyin’ James Draper of Bidstack (BIDS). Drunken Sailor who is suffering a GroupThink induced lockdown dementia thinks so and also that I am a ramper and should tell folks to sell. I discuss Drunken’s concerns in light of a chat with O’Hara and an email from him which I read out.
1412 days ago
I had thought that Gavin Burnell, the broker who used to work at disgraced Beaufort Securities and who floated and sat on the board of the fraud Globo, making a packet from fees and share sales, was no longer working in the City, that Novum Securities had parted company with him when the FCA refused to re-authorise him. But…
1423 days ago
In yesterday’s new video show I explained why Novacyt (NCYT) shares were 90% overvalued and presented damning new evidence of the management ramp. Yet immediately a raft of twitter fools – who clearly do not listen to what I have repeatedly said about this stock – accused me of a volte face? And one particularly deranged individual showed “evidence” of me ramping the stock on May 18. Hang on Henry! This is market abuse. It’s personation. It’s fraud.
1437 days ago
This has all the hallmarks of another mini bond scandal which the FCA has failed to deal with, so allowing more and more folks to lose their hard earned…Last time I looked at Wellesley it was in the context of its parent Wellesley Group Investors Limited making an offer to buy Urban Exposure Plc. I called that out as spoof bid and nothing more has been heard from Wellesley in the last two weeks.
1448 days ago
I start with a few reflections on recordings I am doing and how lucky I am. there have been a lot of laughs so far today and to his credit the Sith Lord Zak Mir is quite funny. Anyhow, this is all for the Shareprophets Shares Conference where the 70 hours of video content really is, and I say so myself, of a very high quality. If you like bearcast, You really will enjoy what I am producing so book your tickets now HERE. In today’s podcast I discuss the latest misguided thoughts of the one global star of the investment world not speaking next Saturday, I refer, of course, to Roger Lawson of ShareSoc, on regulation in the wake of the latest NMC (NMC) news. I then look ata clear failing where the FCA needs to act fast, Akazoo and the role of Tosca Fund. I am on the warpath.
1454 days ago
I start with me reporting myself to the FCA as supporters of fraud and or corporate lying act like clowns once again. I discuss quite how scandalous it is that Legoland owner Merlin should get a cent of taxpayer cash. Then it is onto Avacta (AVCT) and gold stocks. Should we be banking gains? On the former I suggest yes on the latter I think not but offer a few notes of caution. Today is a day when I really start recording videos and podcasts for the ShareProphets Shares conference. I have just done a stormer with James Delingpole. It is now just two weeks away so book your seat now HERE.
1454 days ago
I have today reported myself to the FCA, on the basis of a smear campaign initiated by someone who appears to be close to Bidstack PLC (BIDS). I have asked the FCA to investigate in full the, demonstrably untrue accusations made against me, and also the extent, if any, of the involvement of Bidstack and its officers in this poorly constructed hit job.
1454 days ago
In early 2019, I wrote a series of articles highlighting significant concerns over four mini bond lenders. As the table below shows, as of this week 3 of the 4 are now in administration. Predictably, Blackmore Bond has bitten the dust. That makes c£320 million ponied up by, generally vulnerable, savers seeking low risk investments up in smoke. So what is the useless FCA doing to ensure there are no more blowups. this will horrify you.
1460 days ago
I start with Gabriel Grego’s latest bombshell dossier and the back history involving our exposes on InternetQ (INTQ). – surely the FCA must be having words with Martin Hughes and Tosca Fund. I end with Branson’s bailout b egging. Surely the UK must say no. In between I look at Catennae (CTEA), Feedback (FDNK), Bluebird Merchant Ventures (BMV), Midatech Pharma (MTPH) and Bidstack (BIDS). Finally, Darren has done his propogating and the ShareProphets Shares Conferenc e website is now 100% secure to take bookings for May 9. Please buy your tickets now HERE.
1462 days ago
Given the abject performance of the Miton Smaller Companies Fund managed by Gervais Williams, driven by a combination of utterly dire stock picking and mass redemptions, I have more than once suggested that Mr Williams has the potential to be the new Neil Woodford. But today I can reveal that Williams is performing a trick used by Woodford and it is one that his ACD and the FCA should be investigating with some urgency.
1473 days ago
As I noted earlier, the RNS issued by Versarien (VRS) is a shambles and opens up all sorts of questions about share dumping by boss Lyin’ Neill Ricketts last April. I was set to contact AIM Regulation and the FCA about it but it seems that valiant Tim Kempster has beaten me to it. The Regulators really do need to act on this at once. Tim writes
1474 days ago
Every dog has its day. Even the Miton Smaller Companies Fund run by the new Neil Woodford, Mr Gervais Williams. In March it managed to lose just under 12% in value whereas the small cap unit Trust sector saw an average loss of c25%. So Gervais, for almost the first time in five years, beat his peers. But the absolute losses were compounded by yet more redemptions and, thus, the precipice of an FCA driven gating, draws ever closer.
1487 days ago
Yesterday Versarien (VRS) announced a death spiral on steroids which will only postpone bankruptcy and will see the share price shredded but the RNS was, I believe, an exercise in market manipulation and market abuse. Only a Nomad like SP Angel of the fraud MySquar infamy, could have signed off on it. I have written to the regulators demanding that, again, they take action
1488 days ago
I start with a few personal thoughts on phoning my elderly relatives in the era of Coronavirus. Then I look at Versarien (VRS), Open Orphan (ORPH), Tasty (TAST), Burford (BUR) and Carson Block of Muddy Waters and N Brown (BWNG) which prompts me to ask when the taxpayer will have to bail out the banks?
1492 days ago
The Dark Destroyer, aka Matt Earl, has branded Andrew Monk, the Banning Buffoon for his call to ban shorting in a fiery twitter exchange. I discuss why Matt is right on all counts. I chatted to Nigel Wray, Britain’s Buffett, at length today about the markets, individual shares, the coronavirus, the shape of the recession, consumer attitudes and most interestingly about commercial property, which he knows a bit about. I also discuss Sosandar (SOS), Finncrap (FCAP), Arden (ARDN), WH Ireland (WHI) and other Nomad/brokers and when the FCA will have to step in to check their solvency. Finally a few words on the Government’s daft £330 billion loan scheme.
1500 days ago
For starters, the scale of the fraud at NMC Health (NMC) is, as of last night, known to be c$3 billion. It might be more. Dr Shetty who set up and runs Finablr (FIN) is a total crook and that is one reason why the shares should be suspended at once. But there is another pressing issue for the world’s most inept regulators to consider…
1505 days ago
I contacted the FCA last week about what appears to be blatant market abuse, or possibly even securities fraud, at Dev Clever (DEV) and to its credit it has sent back a non standard reply indicating that it is taking the matter very seriously. As a reminder, Dev did a placing on December 20 2019 and its CEO sold £500,000 shares a month later only to admit in February that sales for the six months to 31 October 2019 were way below forecast. How can a software firm have not had any inkling of that before the placing and CEO share dump. It defies belief. The FCA writes:
1505 days ago
The FCA and AIM Regulation are now looking Neill Ricketts claim to have sold shares to fund the building pf a laboratory at a school which has not built the lab and claims a much smaller sum is NOT coming from Neill persobnally. While the regulators deal with that act of market abuse here is another twitter lie from Ricketts.
1506 days ago
A start with a few more thoughts about yesterday’s dire warning from Versarien (VRS), going on to say why the FCA should now get involved. I explain 2 scenarios which might lead to the company going bust within weeks rather than suffering a slow death and I challenge its boss Neill Ricketts to record a podcast with me. Then, following an exchange on the comments section last night about the frauds One True View and Appbox Media I discuss common misconcepions about fraud.
1506 days ago
Snobbish metropolitan elitist Gina Miller and her husband Alan are the most batshit crazy Euro loons going and their contempt for we 17.4 million plebs who voted for Brexit is disgusting. However, the two have compiled a dossier on the FCA and its string of failures, many where its former head and now Governor of the Bank of England Andrew Bailey was personally involved. Sadly the Miller’s do not mention a website which warned of a number of these failures while the deadwood press were still blowing off those responssible but despite that, I congratulate the deluded duo on a fine piece of work, which you can read below.
1516 days ago
As Dev Clever (DEV) is not on AIM but on the Official List it is the FCA that bears sole responsibility for regulating its activities and which should now be investigating whether the company has committed blatant securities fraud. I have written to the chocolate teapots explaining why an urgent investigation is needed into the company and its directors.
1517 days ago
An article has today appeared in the Russian press and has now been picked up on Bulletin Boards. It is damning evidence that Eurasia Mining (EUA) is itself the source of rumours that created a disorderly market and share suspension. How on earth can the FCA and the Oxymorons at AIM Regulation tolerate this? Surely a statement on various rumours detailed HERE, is needed now. The sixth and critical paragraph of the article with my underline and using google translate is below.
1517 days ago
In today’s podcast I look aty one theory about the past 48 hourse at Great Western Mining (GWMO). i shall be asking the FCA to investigate. I pass on a rumour about Zenith Energy (ZEN) which, if true, will rapidly accelerate its already inevitable demise and I explain why directors of Dev Clever (DEV) should be in jail. Hell’s teeth, Dev’s year end is November 30 not December 31 as I thought, making this case of securities fraud even worse than I describe in the bearcast. Lock em up starting with boss Chris Jeffries. Again I shall be contacting the FCA. I also look at NMC Health (NMC) and Novacyt (NCYT). Now that we are at 5 rogue bloggers for Woodlarks, with more rogue bloggers gto be announced soon, surely all listeners can spare a tenner to donate HERE
1523 days ago
Today we have the shock news that Versarien (VRS) has a new Nomad. Not a better Nomad, SP Angel is clearly massively inferior to Canaccord and this begs the question whether Versarien lied to investors on February 10. I have thus written to the Oxymorons at AIM Regulation and to the FCA with a question so simple that even they should be able to answer it.
1523 days ago
This is a total omnishambles clusterfuck and it is hard to know where to start. So let’s just note the strange coincidence that yesterday shares in Bidstack (BIDS) were marked sharply lower and today the company has served up the most godawful of trading statements. But this is AIM, supervised by those stormtroopers of propriety, the Oxymorons at AIM Regulation with assistance from the chocolate teapots at the FCA so there cannot have been any insider dealing. No really. Stop sniggering at the back please.
1562 days ago
Folks at the FCA say they love my work, the FRC commends me for exposing fraud, even the BBC reccognises the heroic fight we engage in against white collar crime, but there will always be critics who somehow thing the team at Shareprophets and me in particular are the bad guys. Meet one of the bigger morons on twitter….
1564 days ago
In today’s podcast I look at mini-bond scandal house Wellesley Finance and why it once again shames new Bank of England Governor Andrew “asleep at the wheel” bailey and the shitheads round at the FCA. I comment on another of its failings in light of today’s Neil Woodford News. I comment on Big Dish (DISH), have a theory about Angloa African Oil & Gas (AAOG), comment on Optibiotix (OPTI), Versarien (VRS) and ask how long its Nomad will tolerate Neill Ricketts and finally on Aston Martin Lagonda (AML).
1564 days ago
Well you have been warned repeatedly by myself for almost a year as was the FCA which, natch, did nothing. Wellesley Finance has finally filed its 6 months overdue accounts for the year ended 31 December 2018 at Companies House and they are truly dire. The net loss before tax is £10,249,314 and a deficit on shareholders’ equity was £9,202,737. The auditors, unsurprisingly, cite a material uncertainty on going concern. Worrying times for the mini bond lenders who have lent £99,540,212 to Wellesley Finance Plc. A further £64 million in Peer to Peer assets is held off the balance sheet.
1572 days ago
Thanks to Winnileaks I think the position of one of the two is now utterly untanable. The other is sunk by his own RNS. In today;s podcast I look at Iconic (ICON), Anglo African Oil & Gas (AAOG), Big Dish (DISH) and Silence Therapeutics (SLN). I also look at the FCA fine handed out to Kevin Gorman and suggest that David “Sam” Hutchins formerly of Global Resources Investment Trust (GRIT) deserves the same treatment for the reasons I exposed earlier in the year.
1586 days ago
NoGold has still not been in touch regarding the £50 he owes me. It seems as if my good mates at the FRC really are getting tough on executives who commit accounting fraud. Fabbo. But I ask for more. And what of lying? It is fraud of a different sort and I have strong suggestions for what the FCA and especially the Oxymorons at AIM Regulation already can do and very rarely do do but need to do so more often to drain the swamp and put me out of a job.
1588 days ago
By now those who have ploughed almost £30 million into Polat Hassan’s City boiler room scams One True View and Appbox Media which we have exposed on this website of late will have realised that they are set to lose everything. Meanwhile, as the FCA sits around doing nothing I fear this could get much wider, Meet Eden Pharma Ltd.
1588 days ago
In today’s podcast I start with the latest joke journalism from Justin the Clown who still shows extreme cowardice and declining my challenge. I answer the question about Ms Lingerie on Expenses and the empty chair, with reference to the FCA. I discuss Big Dish (DISH) again and why NED’s do matter. I look at Mercia Asset Managenment (MERC) and the comments of Roger Lawson of ShareSoc and his fave Chronic Investor hack, explianing where they are both going so badly wrong. Finally a look ay Rosslyn Data (RDT), its profits warning, valuation and vain boasts of generating cash.
1593 days ago
I will again urge the FCA to take immediate action to shut down the City boiler room tun by Mr Polat Hassan which has already stolen £15 million from investors after the latest missive from these criminals. This time it concerns not Appbox Media, which we have covered extensively on this site, but its sister company One True View.
1597 days ago
It is day 1 of the olive harvest and ShareProphets reader K is a hero. I swear he is a closet bubble. I give a progress report on that and then turn to Fastjet (FJET), Versarien (VRS), the useless FCA and mini bonds and the imploding and smelly ramp that is Eurasia Mining (EUA).
1606 days ago
Whatever next will the ever proactive FCA think of? Perhaps it might warn folks about the dangers of investing in Neil Woodford managed funds. I suppose better late than never. Very late in the day, the chocolate teapots are acting on mini-bonds.
1610 days ago
It is quite clear that regulators in this white collar crime infested land are useless. Yesterday I flagged up a £12 million and increasing boiler room operation in the City of London that the authorities will do nothing about.
1610 days ago
Thousands of folks have received hard sell phone calls during the past five years persuading them to invest in unlisted games developer Appbox Media. And thousands have parted with hard earned cash. There are now so many red flags flying that the FCA needs to investigate at once. Is this a games developer or a boiler room masquerading as a games developer.
1614 days ago
On Friday I demonstrated that Lyin’ Chris Cleverley’s NEX listed Block Commodities (BLCC) had told material lies to investors, lies tantamount to fraud, since March 27 this year. I have today written to NEX Regulation and the FCA demanding that action be taken against Cleverley and Block, starting with its delisting but not ending there, and that corporate adviser Alexander David Securities lose its NEX license for enabling this mendacity. The letter follows.
1614 days ago
There are no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). It is just me and I start with the tale of Lyin’ Chris Cleverley, the lying fraudster cousin of Tory Party chairman James. Lyin’ Chris runs listed companies and there is no doubt he is a liar and a fraudster so why has the FCA not acted? Then it is onto PureCircle (PURE) a billion dollar fraud, where after six years, myself and Lucian Miers are utterly vindicated. I invite you to read its 2018 annual report and despair at the woke world of best practice in corporate governance. If you like this and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1620 days ago
The Evening Standard has got hold of a shocking memo from the Financial Conduct Authority’s chief operating officer Georgina Philippou in which she said she was “appalled about the incidents of bad behaviour towards our building and colleagues.” It gets better…
1621 days ago
AIM dog Brady (BRY) will shortly be taken over by PE firm Hanover at 10p a share. If the deal is not supported by shareholders the company will go bust. I have already twice written to the FCA and AIM Regulation demanding that they investigate how Brady and its Nomad Cenkos mislead investors. Today the scale of that deception has become clear.
1633 days ago
This morning we discover that AIM listed jam tomorrow purveyor Tern (TERN) has again passed the hat around with a discounted placing raising £1.75 million at 11.15p. But it was only able to get a placing away at that price because of spurious rumours which the company and its advisors must have been aware of and which it did nothing to quosh. I have written to the Oxymorons at AIM Regulation and to the chocolate teapots at the FCA requesting an urgent investigation into the company, its Nomad Allenby and broker Whitman Howard. It is not as if Tern does not have form in this respect.
1633 days ago
In today’s podcast I look at the looming General Election, at a pathetic excuse from Hargreaves Lansdowne (HL.) for not commenting on Neil Woodford, at Sound Energy (SOU), the ramp du jour Euraisia Mining (EUA), at the scandals at Tern (TERN) and Big Dish (DISH) and what they say about the institutionally useless FCA and AIM Regulation and at the profits warning from Empressaria (EMR).
1633 days ago
The FCA and our elected leaders at Westminster continue to pretend that the London & Capital Finance mini-bond scandal is a one off and not the tip of a vast mini-bond iceberg. Readers of this website know otherwise and we have flagged up a number of times that Blackmore Bond is likely to be the next scheme to topple. Here is more damning evidence for the regulator to ignore.
1637 days ago
After mini bonds & Neil Woodford where do we think that the chocolate teapots at the FCA financial watchdog will be asleep at the wheel next?
1639 days ago
I bring you a bonus bearcast, covering the FCA taking the piss (hat tip, in-house Euro loon J Price), Andrew Monk’s VSA lying down with the lowest scumbags of the low, why I don’t believe a word AIM dog Vast Resources (VAST) says and why St James’s Place (STJ) shares are uninvestable at two levels. VSA’s invitation of shame is below.
1642 days ago
Individuals not companies commit fraud, lie via RNS and break securities rules. And it is individuals not corporates who must be punished for their crimes. Otherwise getting caught for white collar crime becomes simply another “cost of doing business”. In that vein I have again written to the FCA and AIM Regulation about Brady (BRY) where I do not accuse anyone of fraud or lying but I do accuse them of heinous rule breaches.
1645 days ago
There are no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). it is just me, at the end of a momentous day in the world of financial services. First up I discuss Thomas Cook (TCG) and grandstanding by limp dick MPs, executive greed, the failings of NEDs and fund managers and the heroin that is debt. Then the vast bulk of the show is devoted to Neil Woodford. What went right and what went wrong and why? Why the FCA is cuplable and why Woodford should go to jail. What were the warning signs everyone bar this website ignored? Who else is to blame? Why Hargreaves Lansdown (HL.) must be broken up. What will happen to each of the 3 vehicles Woodford was fired from or quit yesterday and how much cash investors wil get back.If you like this and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1645 days ago
Is shorting Neil Woodford stocks like shooting fish in a barrel? I argue not and explain why it could be dangerous. I look at the FCA enquiry into Woodford and question whether its remit will be wide enough. Then, touching on the Fiske (FSK) AGM statement I look at calls for more regulation in the wake of the Woodford scandal.
1648 days ago
Soon to be ex-fund manager, Neil Woodford has not taken the decision to wind up his flagship Equity Income Fund and fire him at all well, as you can see below. But he is disgraced, will soon lose his other mandates and will almost certainly now face a full FCA enquiry. None the less some of his followers have not lost faith. Some folks are just so daft…
1648 days ago
Link, the ACD, to Neil Woodford’s flagship Equity Income Fund has, after liaising with the FCA, announced that the fund will not be un-gated, allowing investors to redeem units in December, but will instead be wound down. And Neil Woodford’s Woodford Investment Management has been fired with immediate effect. That is the death knell for it. Our extensive warnings, in more than 1000 podcasts and articles since 2015, HERE are now utterly vindicated, Neil is finished.
1652 days ago
FCA regulated institutions will still be able to deal with Rangers FC, should they want to associate themselves with the financially toxic soccer club, but as of today they can have no dealings at all with its chairman Dave King. The cold shoulder ruling was imposed by the Takeover Panel today.
1656 days ago
My comrade Evil Banksta has today exposed how AIM listed Bulletin Board darling Bidstack (BIDS) has misled investors and is also clearly sitting on a lack of profits and sales warning. For the former naughtiness the FCA should iopen an enquiry at once into possible market abuse, for the latter AIM regulation must force a statement. Being a fine upstanding citizen I have today written to the regulators. My missive follows:
Ref Bidstack PLC: Formal Request to Investigate Market Abuse & breach of AIM Rule 11
To: The FCA, AIM Regulation
cc Mark Brady, Spark Advisory, Nomad
1657 days ago
MPs and the FCA seem happy that London & Capital Finance, which we have done so much to expose, is a one off fraud. Of course it is not, it is part of a much larger mini-bond scandal. Hundreds of thousands of vulnerable savers will face ruin and our leaders and regulators are asleep at the wheel. In fact LCF is one of a number of such schemes to go pop. The next big one to topple will, be….
1663 days ago
Last week I reported Brady PLC (BRY) and its Nomad to AIM Regulation and the FCA over material non disclosures. As a result, the former forced Brady to issue an RNS in which it came clean as to the horror of its financial position. Now it seems as if the latter is looking at my material and might just launch a formal investigation. The FCA has been in touch with its favourite investigative journalist and writes:
1663 days ago
Yes my daughter and I will be at Oxford United tonight to see the mighty Hammers. COYI. As I try to contain my excitement I discuss Neil Woodford and what the dumping of IP Group (IPO) shares tells us, Aston Martin Lagonda (AML), the FCA and mini bonds and Alexander Mining (AXM).
1663 days ago
In today’s podcast I consider the political news. It’s time to become a Gilet Jaune! Pick up your pitchforks!. Then I look at three dogs that should be shot: Versarien (VRS) – AGM bollocks today – Metro Bank (MTRO) – Bond issue pulled, could be a zero – and Brady (BRY) – no news so a letter to the FCA is on the way.
1663 days ago
Yesterday I revealed, HERE, the shocking way that Brady PLC (BRY) had withheld damaging price sensitive information from the AIM Market and investors, in part with the collusion of Nomad Cenkos. With the company now having to raise £3 million in just six weeks simply to meet November payroll but needing far more to be viable, it and Cenkos are still dissembling about the nature and scale of its problems. I have today written to AIM Regulation and the FCA asking for a formal investigation and to force Brady to come clean. The letter is below
1685 days ago
Yesterday AIM Casino listed Altitude (ALT) served up a very nasty lack of sales and profits warning relating to the six months to June 30th as Steve Moore described HERE. What absolutely stinks to high heaven are three share transactions made by founder and NED Martin Varley. Those trades would have had to be cleared by the board and the Nomad, hapless FinnCap, to whom I have written in today, copying in the regulators. There is another big issue that needs investigating too…
1689 days ago
Yesterday, Global Resources Investment Trust (GRIT) issued a TR1 relating to the shareholding of Align Research run by Mr Richard Jennings. This demonstrates the extent to which former boss David “Sam” Hutchins went to to cove r up his own share sales in a closed period, a matter we raised HERE.
1691 days ago
As I revealed yesterday, the FCA and FRC are both investigating Burford (BUR) following a letter I sent requesting an investigation on August 8. But Burford is Guernsey Registered so there is another regulator which needs to have a butchers. As such I have today written to the Guernsey Financial Services Commission (the tax dodger’s equivalent of the FCA) asking it to launch an enquiry. The letter is below::
1692 days ago
PR spinners for Burford (BUR) have responded to the Muddy Waters dossier by getting their poodles in the deadwood press to suggest that the bear raider was up to no good and was being investigated by regulators on both sides of the Atlantic. Oh dear..I have shocking and bad news for Burford…
On August 8 I wrote to the Financial Reporting Council asking it to investigate the 2013 accounts of Burford as you can see HERE. The FRC has replied as you can see below.
1692 days ago
Hapless Nomad Cairn Financial of Cloudtag (CTAG) infamy has been contacted by both email and phone, to establish whether it has done, as it should do under FCA Rules and contact the FCA regarding suspicious share trades ( i.e. insider dealing) in ADM Energy (ADME) by Dubai Royal Shaikh Ahmed Bin Dalmook Al Maktoum. There has been no reply. To focus the attention of Tony Rawlinson, Liam Murray and Jo Turner round at Cairn, here is what appears to have happened. A timeline.
1692 days ago
Prompted by two phone calls today which could yield explosive results against an old adversary I reflect on why more and more whistleblowers come to me and why they are safe in doing so. Then, prompted by something very exciting I should be able to reveal in September, I look at why going to the FCA is such a waste of time and what it needs to do to change its ways.
1692 days ago
Oh dear. Oh dear. I have been made aware of certain actions by David “Sam” Hutchins the soon to depart boss of main market listed Global Resources Investment Trust (GRIT). I know his fellow board members are aware of them and to them, and to new adviser Peterhouse, I ask “have you requested the FCA investigate and if not why not?” The allegations against City Grandee Hutchins are severe and if proven should be career ending.
1700 days ago
UPDATED: Earlier today I revealed that AIM superstar First Derivatives )(FDP) had been sitting on highly damaging and adverse price sensitive information since Tuesday of last week and had not disclosed this to the market. But it could be far worse. Far worse. I have thus written to both the FCA and to AIM Regulation demanding an immediate formal enquiry into a range of possible offences. It now emerges the case settled on Friday (terms unclear). That does not mean that on Tuesday/Wednesday it should have not been announced.. The letter is below:
1701 days ago
This looks like a doddle to investigate. The stock is ADM Energy (ADME) but will the FCA dare to challenge Shaikh Ahmed Bin Dalmook Al Maktoum or is insider dealing just an offence of you are a nobody? Then I look at the Eddie Stobart (ESL) fraud debacle, the Industrial Heat shambles, Woodford Patient Capital Trust (WPCT), the Equity Income Fund (which has today insisted it will look to ungate at Christmas… whatever) the Income Focus Fund (soon to be gated) and what today’s news says about the stupidity, arrogance and lack of ethics of Neil Woodford himself. Postscript: His Highness Sheikh Ahmed bin Dalmook bin Juma Al Maktoum is not to be confused with Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates and indeed a very wealthy man. I did confuse him but this is still a Dubai Royal, will the FCA take him on?
1703 days ago
Hat tip my esteemed stockbroker, I flag up a major red flag for global equity markets. I discuss a hot rumour of the real reason the FCA swooped to shut down broker SVS. I look at Canadian Overseas (COPL), Avanti Communications (AVN), Sound Energy (SOU), Woodford Patient Capital Trust (WPCT) and Brady (BRY).
1721 days ago
Updated: The rumour is SVS Securities is shutting for business. Is this the end for broker to esteemed enterprises such as Westminster Group (WSG) and Mosman Oil & Gas (MSMN) and another sign of how tough things are developing for brokers at the lower end of AIM? Certainly, calling the company has not seen anyone pick up the phone to us…er yes: all staff were asked to leave the building at 11 AM. Expect a forman announcement on Monday. So much for the FCA keeping investors informed…
1760 days ago
In today’s bearcast I touch on Neil Woodford and the duffing up he is getting today from Andrew Bailey head of the chocolate teapots at the FCA. Then I comment on Optibiotix (OPTI), RedT Energy (RED), Remote Monitoring Solutions (RMS)_ – formerly the criminal dog Strat Aero – RM2 (RM2) and Arden Partners (ARDN)
1760 days ago
In this bonus bearcast I look at the failure of the FCA & Link with regard to box ticking and the correct valuation of Proton Partners in light of the latest £25 million fund-raise. This just cannot be right.
1766 days ago
Maybe someone at the FCA has been reading our four years of groundbreaking Neil Woodford exposes after all. This afternoon its boss Andrew Bailey has written to Nicky Morgan MP with detailed information and the shock revelations that the FCA was monitoring toxic Neil from April 2018 (but did nothing) and that Woodford is now under a formal FCA investigation over the suspension of his flagship Equity Income Fund. The letter also reveals that the banks have now pulled the plug on EIF’s “emergency overdraft” which has been utilised for 18 months as a “temporary measure.” The leter is in full below.
1774 days ago
I start with a discussion of the gender pay gap in football and why it is so much hogwash. Then I look at Neil Woodford and the useless FCA. Then I cover two stocks I own, Fox Marble (FOX) and Venn Life (VENN), and two which I don’t Ted Baker (TED) and then a long term target of mine MPorium (MPM), a tale of AIM woe.
1782 days ago
You cannot say that this website did not warn you so many times. Our coverage of Neil Woodford over the past two years has been streets ahead of the game – as you can see HERE – and now the drama has become a crisis. Dealing in units in Neil Woodford’s flagship Equity Income has been suspended ‘with immediate effect and until further notice’ after a spike in redemptions. We told you there was a liquidity crisis. We told you the FCA was on the case. As I called him out at his AGM, Neil Woodford accused me – by name – of publishing fake news. Sir, I am owed an apology.. So are your poor investors.
1782 days ago
I am always happy to assist my good friends round at the FCA and start with this and Julie “Lingerie on Expenses” Meyer. I move on to Neil Woodford and Kier (KIE), then Yourgene (YGEN) and a long chat with Adam Reynolds, Bluejay Mining (JAY), Argo Blockchain (ARB) and Eqtec (EQT).
1782 days ago
In today’s bearast I take a detailed look at Sub Standard list Bermele (BERM) which is over-ramped, dripping in red flags and been pushed by shamed Bulletin Board Moron Aberdeenman. I also explain why I shall, tomorrow, be asking the Met to investigate whether Julie “lingerie on expenses” Meyer and her lawyer Peter McGrath might as a result of this be perverting the course of jiustice as I have news on the FCA’s criminal investigation into Meyer which seems to be ratcheting up. I am not accusing either of this serious crime merely asking the Met to see if something awry is taking place.
1782 days ago
At the AGM of the Woodford Patient Capital Trust (WPCT) which I attended, Neil Woodford insisted that his teetering fund management empire was suffering because of inaccurate media reporting and he singled out one journalist, my good self, in this respect. One of the things Neil reckons I have made up is that the FCA is monitoring his very serious liquidity crisis.
1789 days ago
If Westminster Group (WSG) was regulated by the SEC not the weedy poltroons at the FCA and the Oxymorons at AIM regulation, shamed ex Tory MP Tony Baldry of 3DM infamy would this morning be sweating like the dirty pig he is. Let me explain.
1815 days ago
Nicola Horlick, the self proclaimed “superwoman,” is one hell of a self important ghastly stain on the UK financial services industry as we have noted many timec on this website. But her ex husband Tim is a bit of a character too. Thanks to Winnileaks we can now bring you an email from his former business partner Diogo Cavaco which accuses Tim of wholesale insider dealing in the shares of Pathfinder Minerals (PFP) giveing chapter and verse on what went on. When I questionned Tim’s share dealings in Pathfinder back in early 2014 I found myself on the receiving end of menacing and threatening emails from Horlick’s evil PR man Damian “spawn of Satan” McCrystal. In light of the explosive email below I invite McCrystal to go fuck himself. Natch, I draw no conclusions myself, but have passed the email from Horlick’s ex business partner on to AIM Regulation and to the FCA. It reads:
1826 days ago
Ariadne Capital, the flagship vehicle of Julie Meyer may now be in administration but with the Insolvency Service and the FCA (as well as the IRS, HMRC and others) formally investigating Ms Lingerie on Expenses, whistleblowers should surely be cherished and protected? Er…
1827 days ago
If an AIM listed company lies to its Nomad and to the market the Nomad should quit on the spot. Thanks to Winnileaks we bring you an email exchange below which shows that Management Resource Solutions (MRS) told a monster lie this week. The end should be nigh. I have alerted the Nomad, AIM Regulation and the FCA.
1827 days ago
I start with a discussion abiut a 19 mile rogue bloggers training walk today and about Woodlarks which I compare to the big name charities. I beg you to join the roll call of heros HERE. Then I look at Neil Woodford and events in Guernsey and explian in detail the role of the FCA and the ACD and why this could collapse very soon indeed. I discuss why no IFA worth his or her salt can risk not advising clients to redeem.
1838 days ago
Oh dear, oh dear, Julie “lingerie on expenses” Meyer really has lost the plot now sending out a letter to business contacts in which she declares she is innocent of everything and then tears into her critics including me. Thanks to Winnileaks I have that letter.
1843 days ago
London & Capital Finance, which we have done so much to expose here, is just the tip of what will prove to be an enormous mis-selling scandal where, naturally, the overpaid poltroons at the FCA have been 100% asleep at the wheel. Yesterday I raised massive questions about the West Ham promoted Basset & Gold scheme, today let’s look at Future Renewables Eco PLC…
1844 days ago
After the collapse of the London & Capital Finance ponzi, I wonder about some of the other high yield mini bonds being pushed to investors. And thus my attention is drawn to Basset & Gold PLC whose products are being promoted by my beloved West Ham United and some of its players.
1846 days ago
Thanks for your kind emails on UK Investor and also on Uncle Chris Booker. In today's bearcast I go further on the growing scandal we are uncovering at Management Resource Solutions (MRS) and also at Nigel's work this weekend on Neil Woodford. The common feature is a regulatory approached based on box ticking rather than looking at the real underkling swizzle so to protect investors.
1857 days ago
Things are moving rapidly in the collapse of the London & Capital Finance ponzi scheme, which fleeced 14,000 punters – mainly pensioners – by offering high yield bonds - and which ShareProphets has done so much to expose, as you can see HERE.
Last night the Serious Fraud Office (SFO) announced that four men in the Kent area had been arrested and that it was, like the FCA, investigating the ponzi.
1857 days ago
Julie "Lingerie on expenses" Meyer has sent a long em ail to her spam emtrepreneur country database to clarify some of the allegations against her. Apparently, in what will be news to the Maltese Courts, she has never faced criminal charges and in what will be news to the FCA and Insolvency Service she is not under any sort of investifgation. Meanwhile I and other pursue her becuase we are misognyists and becuase we want money from her. For the avoidance of doubt I have not asked Ms Meyer for a cent. Oh well, the ramble below ending wither comparing herself to Michelle Obama is below:
1869 days ago
In this bonus bearcast I discuss breaches, intentional and otherwise and all the sorts pf percentages that the FCA will be demanding Neil Woodford provide on, I suspect, a now daily basis as his funds continue to implode. I play our various scenarios but none look good for Neil. If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.
1876 days ago
Today we have news of a shocking transfer of unquoted crap from Woodford's flagship Equity Income Fund to Woodford Patient Capital Trust (WPCT). It may keep the FCA at bay on one point for a while but it is a joke that only serves to create fresh problems. And the RNS is misleading to boot on the issue of cash. Or lack of it. As I noted yesterday, the FCA would not tolerate this nonsense from any other fund manager but its pressure is forcing Nomates to act in an increasingly desperate manner. If you enjoyed this podcast please support the EIGHT rogue bloggers for Woodlarks with a small donation HERE
1877 days ago
I start today's podcast with an expansion on the themes in today's Tomograph, why I am so depressed about the currupt and rotten state of the West. I discuss Kenmare (KMR) and naked NEDs and then look at Neil Woodford with reference to today's IPO of Proton Partners (PPI). If this was any other fund manager the FCA would have moved in to replace him by now. If you enjoyed this podcast please support the EIGHT rogue bloggers for Woodlarks with a small donation HERE
1879 days ago
I have highlighted before the curious way that Gavin Burnell of Globo (GBO) infamy was working at Novum Securities even though the FCA had not re-authorised him to conduct investment business following the demise of Beaufort Securities. All good things must come to an end.
1880 days ago
AIM listed Independent Oil & Gas (IOG) has today issued a statement in relation to London Oil & Gas (LOG) run by Amber Rudd’s pal and donor Simon Hume Kendall and it unwittingly confirms Sunday’s scoop HERE that LOG is the recipient of £122 million of the £176 million leant by London & Capital Finance, the ponzi now in administration and under full FCA enquiry.
1882 days ago
The administrator of London & Capital Finance has now laid bare the extent of the scandal which, as you can see HERE, this website has exposed. This mess, that the FCA overlooked until it was too late, will leave thousands of (mostly) elderly savers losing money on what they thought were low risk investments. This is a £236 million horror story as you can see in full in the document below.
1895 days ago
In today's bearcast I look at the woes of Lucian Miers, at Yourgene (YGEN), Interserve (IRV), Greatland Gold (GGP) - do the maths its placing ahoy! - WH Ireland (WHI) and FinnCrap (FCAP). Then I explain what will be the major financial scandal of 2019 hitting well over a hundred thousand folks where the FCA is only belatedly waking up to the problem, a problem it helped to create.
1897 days ago
Like London and Capital Finance (LCF) which has now collapsed into administration and is under FCA investigation, Blackmore Bond Plc also offers high yield bonds. It is currently offering 3 Year loans offering 7.9% every year with interest paid quarterly and 5 year bonds offering 9.9% every year paid quarterly. LCF’s 14,000 bondholders now face an almost certain capital loss on their “safe” investments
1910 days ago
It is nothing to do with sticking lingerie on expenses while staff and creditors go unpaid, with the criminal charges in Malta, with the millions of pounds of other folks money she has blown, with the MSFA, FCA, SFO, HMRC, IRS and ActionFraud investigations, with the unsettled CCJs, the only reason anyone ever says anything bad about Julie Meyer is because they are men, she is a woman and thus a victim. Whatever...
1916 days ago
In this podcast I look at the utterly useless coverage of the LCF scandal provided by the Sunday Times which seeks to blame the poor old FCA for daring to trying to stop a ponzi. I then look at the bloodbath on the high street and the madness and denial of some. There is comment on Patisserie Holdings (CAKE) and Pizza Express and also on house prices in New York and what that tells us about Brexit.
1920 days ago
I have reported the CEO of AIM Casino listed Altona Energy (ANR) to the FCA for insider dealing. Nicholas Lyth is as guilty as sin and there cannot be a more clear cutr case out there. If the FCA does not act then it is admitting that the rules do not matter any more if you are "part of the club". Let me explain.
1921 days ago
There is good news and bad from Telit (TCM) today. But overall the company founded by mortgage fraudster & fugitive from US justice Uzi Katz, who is under FCA investigation and still pulling the strings, remains a total bargepole at 132p.
1922 days ago
I have already noted how London Oil & Gas, the company that is using Ponzi fraud cash from related party LCF (now under full FCA investigation) , to fund AIM listed Independent Oil & Gas (IOG) was linked to a bent solicitor and a Tory grandee. But the links with the nasty party are far deeper and go right up to the ghastly work and pensions secretary, and former stockmarket spiv, Amber Rudd.
1923 days ago
Oh dear, oh dear. This really is proof that Independent Oil & Gas (IOG) is - whatever its scumbag Nomad FinnCrap (FCAP) claims -complete toast. You will remember that Independent owes more than £30 million to unquoted London Oil & Gas. That money has to start being repaid within a few months and Independent will go bust unless London provides more funds. But London has borrowed money from LCF a related party firm subject to a full blown FCA raid as it is a ponzi fraud as we showed here yesterday. That cash is repayable on demand. Now read on....
1924 days ago
AIM Casino listed Independent Oil & Gas (IOG) is dependent on financing from London Oil & Gas which in turn is dependent on financing ( repayable on demand) from a ponzi called London & Capital Finance now the subject of a full FCA raid and lockdown. We have covered this extensively already but there is more...
1927 days ago
Yesterday I revealed that Anglo African Oil & Gas (AAOG) was undertaking a massively discounted placing at 10p to raise £4 million which seems to have stirred up a real hornets nest among the Bulletin Board Morons. I have been reported to the FCA numerous times ( again) and the charge is that I am the villain. But am I? I suggest not but put up two other candidates for that eipthet and that I am the hero of this tale.
1931 days ago
I was re-watching the movie last night and ask the question. I discuss signs that the FCA really is getting stuck in, albeit too late. I look at too good to be true investments starting with London & Capital Finance. I look at house prices and why I think that bad data gives far too rosy a view. I look at US jobs data yesterday and what that means for base rates. And I look at the big short positions in AIM stocks. Don't bet against the bears! Now off to West Ham.
1931 days ago
As I noted yesterday, London's second worst Nomad,, FinnCrap (FCAP), and Independent Oil & Gas (IOG) served up a wholly misleading response to my Thursday bombshell. Now for a detailed drill down on the maths to reveal the extent of that deception….
1932 days ago
The FCA must be all over him on this matter as Neil Woodford is now 4 days late with the Woodford Investment management annual report. What is he hiding? As we wait for Britain's most conceited fund manager to come clean and file, I invite you to provide a suitable capition for the image underneath in the comments section below. As ever the prioze for the wittiest entry is a semi naked photo of Britain's top share blogger (mornings only), thirsty Paul Scott. The deadline to enter is midnight Saturday, January 5.
1932 days ago
Yesterday I pointed out that the ultimate benefactor of AIM Cesspit listed Independent Oil & Gas (IOG), was blocked from doing any activity after an FCA raid and that created real issues for Independent. The company and its scumbag Nomad FinnCap (FCAP) has responded with a statement that quite simply misleads investors. That should tell you everything…SELL!
1933 days ago
Last year Britain’s most conceited fund manager, whose flagship fund is ranked 241/241 for performance, Mr Neil Woodford filed accounts 11 days before the deadline, on 20 December. This year Woodford Investment management has yet to file its accounts for the year to March 31 2018. It is late. It will be fined. The FCA will be having kittens. You want proof?
1933 days ago
Wakey wakey London’s second worst Nomad! Your client Independent Oil & Gas (IOG) could be about to crash land in tits up alley. A statement is needed NOW after the FCA swooped on its ultimate benefactor. What, you mean Finncap’s (FCAP) Nomad clowns didn’t realise? Jokers. Poltroons. Not fit for purpose.
1940 days ago
I have spent all weekend being abused on twitter by morons who own shares in Frontera Resources (FRR) - notably @keithcareth, check his feed he is insane - who insisted that I did not know what I was talking about, that the FCA was after me, etc etc etc. I await an apology as today – as was inevitable after our weekend revelations HERE and HERE – the Nomad, Cairn, has quit. The shares are suspended and here is why it is game over.
1945 days ago
The court filing below hangs Frontera (FRR) in its own words. It makes it clear that it is in default on the Outrider loans so is likely to lose all its assets. It also lays bare its failure to secure external funding throughout the past nine months and its now utterly parlous financial state. The shares should be suspended first thing Monday. If not they will utterly collapse. If you have ignored my repeated warnings and can sell Monday do so at any price. And this document may trigger another FCA investigation.
For it shows that Outrider can veto any new loans - surely that is something Frontera should have revealed when claiming it had a $60 million term sheet (i.e it had asked for a loan). Surely that non disclosure misled investors? How long can Nomad Cairn continue to act for Frontera? A resignation and share suspension surely cannot be ruled out in light of this latest bombshell.
1946 days ago
The Winnileaks service has been provided with an email sent by an investor which confirms that investigations are underway into whether Frontera Resources (FRR) has mislead investors. Facing two big court cases, out of cash, drowning in debt and burning cash could this be the final straw? It goes without saying that the shares are a sell. the email is below:
1946 days ago
Happy Christmas Neil Woodford. I am sure that the £7 million you earned last year will be some consolation in what must be trying times. In this bonus podcast I explian why I think the troubles for Woodford are far worse than folks think, what, I believe, the FCA is doing and how close we are to end game. There are two scenarios and both are ugly.
1949 days ago
I start with the issue of fund managers and redemptions and thus forced selling of shares. Not just Neil Woodford, a special case, but generally. I look at this in the context of what corporate newsflow I expect in January. I also look at Urals Energy (UEN), Telit (TCM) and the FCA, Andalas (ADL) and UK Oil & Gas (UKOG) answering a point posed by our own in house Bulletin Board loon Wildes HERE.
1949 days ago
The fraud that is Telit (TCM) continues to unravel. We already knew that ex FD and CEO Yosi fait was being investigated for selling all his shares in early July 2017 while he was aware of damaging price sensitive information ( a profits warning) – that would be insider dealing. We know that founder, former CEO and the man who is still running Telit via puppet directors, Uzi Katz, is being investigated for not admitting that he was a fraudster and fugitive from justice. Now it gets bigger.
1984 days ago
I noted last night in my bonus bearcast that the real short position in IQE was, whatever the FCA says, probably well North of 20% and that as bears used the profits warning as a reason to close out what is clearly a “crowded trade” this would provide some share price support. And so it has come to pass. The shares are up 4p at 71p having fallen 29p in late trade Monday. IQE has also clarified its profits warning and that has offered some comfort. It won’t last. You see it is all about cash.
1989 days ago
You may remember Joshua Adams? Aged 28 he wrote to me to say that he “prayed for my destruction”. Wind forward five years and, playing with Daddy’’s money, he amassed a stake of 16% in the MySquar (MYSQ) fraud. Now looking at both Companies house and the RNS feed I worry that young Joshua may have been a very naughty boy indeed and I have asked the FCA to investigate him accordingly. But fear not Josh, I am a nice guy and will be praying for your salvation as I kneel at the bedside tonight.
1990 days ago
Two days after MySquar (MYSQ) suspended its shares on the AIM Casino and admitted to fraud and a cash crisis its odious slug of a chairman, the well known PR spinner Mr Piers Pottinger has quit as a director and from the company. Piers may wish to distance himself from what is a very messy crime scene but it is too late. He was either involved in the fraud or enabled it by his incompetence or his silence or both. He features in a detailed dossier I am preparing for the FCA and SFO urging them to launch a formal enquiry.
1996 days ago
The rumour swirling round the City is that following an FCA visit 2 weeks ago the SFO called in on a well known firm today. Various names have been mentioned but to be clear I have on the record denials from both Novum and Optiva. It was not them. Was there a raid at all? I don't know but in the current climate folks are prepared to believe the worst. I discuss why the number of AIM Casino listed companies will plunge from c930 today to sub 800 within 18 months if the bear market in small caps continues or, indeed, accelerates. I think it could.
2000 days ago
Can Julie "Lingerie on Expenses" Meyer MBE sink any lower? Pursued by the Maltese Police on criminal charges, under FCA and SFO investigation, owing vast sums to the IRS, HMRC and numerous other creditors can she sink lower ? er yes as we show below.
2051 days ago
Davide Serra is a man with a track record of terrible calls. For starters he was pals with call Me Dave Cameron. Then he stuffed other folks cash – the funds he manages – into Quindell and sent pompous missives to the FCA demanding that we fraudbusters who were pointing out the blatant fraud be hung drawn and quartered. Quite simply Serra is a fool and a prick. Natch he has bought up 5% of Telit (TCM), the company founded by the US mortgage fraudster and fugitive from justice Oozi cats, nee Uzi Katz.
2066 days ago
Enough is enough. Yesterday John Meyer, a senior manager and large shareholder in SP Angel went onto Justin the Clown’s podcast to ramp corporate stocks such as Blue Jay Mining (JAY) without declaring an interest – his employer earns vast fees from Blue Jay as its Nomad and broker. But this is the least of SP Angel’s crimes and I wonder if its conduct over Blue Jay and MySquar (MYSQ) is, if not blatant market abuse, simply bringing the AIM Casino into disrepute. I have written to Marcus Stuttard, the head of AIM Regulation, demanding an immediate investigation into whether SP Angel should retain its Nomad license.
2086 days ago
Yesterday, Paddy Pantsdown took to twitter to deny that he was speaking at Julie Meyer's Follow the Entrepreneur conference on Croatia in October. He is, by my calculation, the ninth claimed speaker to deny that he is attending. Today the Croatian regulators have stepped in, as you can see below, to warn the good folks of Croatia to steer well clear. I have had the Croat press on the trombone this afternoon and I guess that means Julie is going to have some more journalists to bully with fascist lawyers letters and smear on the internet. Make no mistake, the net is closing in...
2113 days ago
Perhaps, when you are on the run from the Maltese Police, being investigated by the SFO, FCA, MFSA and ActionFraud and be chased over unpaid sums dating back, in some cases more than a decade, by 3 banks, the IRS, HMRC, Maltese tax authorities and two folks with CCJs, another Court case is the least of your worries. But for Julie “Lingerie on Expenses” Meyer that new Court case came a step closer today. PR legend Henry Gewanter has filed papers.
2118 days ago
With the Maltese Police desperate to locate Julie Meyer MBE as she avoids criminal charges, with the SFO, MFSA and FCA running enquiries not to mention investigations by the tax authorities into evasion in the US, UK and Malta you could have forgiven Ms Lingerie on Expenses for going to ground. But she has been spotted in London. Quck – if you are one of the many to whom she owes money and want to serve her hurry down to the Royal Institution, Mayfair, W1S 4BS. Meyer has been spotted! Meanwhile...
2124 days ago
When you are wanted by the rozzers in Malta on criminal charges,, being pursued by a range of banks and others over unpaid debts, being investigated by the FCA, MFSA, SFO, Action Fraud, IRS, HMRC and others, does theft of property from an administrator really matter? Well, clearly not for Julie “lingerie on expenses” Meyer MBE.
2125 days ago
Wanted by the police in Malta on criminal charges, under investigation by the HMRC, FCA, MSFA, SFO, IRS and the UK Police you would have thought Julie "lingerie on expenses" Meyer MBE would stop telling blatant lies in order to somehow part folks from their wealth. But now, another piece of GDPR non compliant spam arrives twice in my inbox this weekend and, as you can see below it is utterly lie packed.
2132 days ago
I have been contacted by a man persuaded by Julie “lingerie on expenses” Meyer MBE to invest £23,000 into her ACE Fund in September 2016. I have in my possession emails sent by Ms Meyer to the investor and it is clear that she told two very blatant lies and has defrauded him. I have urged the individual to take this matter straight to not only the FCA but also to the City of London Police as this is slam dunk fraud.
2135 days ago
In his time as General Counsel to the Ariadne Group run by Julie “Lingerie on Expenses” Meyer , Mr Peter Bradley had occasion to send me three lawyers letters on behalf of his boss who is now being investigated by the FCA, the MFSA, the SFO, Action Fraud, the IRS, HMRC and is wanted on criminal charges by the Maltese Police. I had thought that Bradley had parted company with the charlatan, liar and fraudster Meyer in April but the Ariadne website, as you can see below, suggests otherwise.
2135 days ago
I noted yesterday that Gavin Burnell of Globo infamy was one of the team at Novum Securities which raised £4.5 million for Audioboom (BOOM) at 3p – a placing which is already well underwater. How do I know? Because his name is one of three at Novum on the RNS. But here is a funny thing: Burnell is not approved by the FCA to conduct investment business! As you can see below, it reckons he is “inactive.”. I took this up with Novum boss Hugh McAllister…
2140 days ago
Shareholders in Lombard Risk Management (LRM) do not care – they got a 13p cash offer from Vermeg and have banked the cash. But now the low countries acquirer is hopping mad. It has fired Lombard’s CEO and FD announced widespread redundancies and stated that the Lombard team lied about their prospects so results for the year to March 31 2018 will be way below forecast. The statement is damning and begs big questions of many. Surely the Lombard bosses stand accused of fraud? Should not the FCA and SFO have a butcher's?
2141 days ago
The Maltese FSA suspended the regulatory permissions of Julie “lingerie on expenses” Meyer's Maltese operations almost a month ago but the FCA – for some reason – authorised the old charlatan to continue conducting financial services operations via EU passporting. That was until very late last week. Now the FCA has acted and Meyer’s operations ( as you can see below) can no longer operate in this country either. So just how is she being allowed to continue to try and raise money for her fraudulent fund? This is not the end of the story.
2149 days ago
On the run from the Maltese Cops as she seeks to avoid facing criminal charges there is more bad news for Julie "lingerie on expenses" Meyer from the island paradise today. Our own FCA may be useless fucktards who fail to act against Julie as she tries to raise more cash from the innocent, but the Maltese FSA is actually fit for purpose. It has just announced:
2149 days ago
When will Julie "lingerie on expenses" Meyer start coming clean on her ridiculous ACE fund which the Useless cocksuckers at the FCA are still allowing her to raise fresh money for? We have already show the fund being used to buy worthless assets from Meyer's Ariadne Capital Limited to pay its bills HERE and demonstrated the fantasy valuations and assumptions Meyer makes HERE. Now to some more complete stinkers. Let's start with more problems with Ariadne and who owns what?
2159 days ago
Oh dear Julie Meyer. This document below which has dropped into the hands of the Winnileaks service is already with one of the FOUR investors in your companies who is suing you and he is adding it to his case. It will be with the FCA and MFSA later today for it indicates a wholesale fraud on your part. It is dated 13 November 2017.
2161 days ago
Though a diehard republican I have weakened and am going to watch the Royal Wedding. Don't be too harsh on me. In this podcast I discuss issues raised by Roger Lawson with regard to free speech, social media, threats to journalists, market abuse and the FCA in tackling crime.
2165 days ago
Some days ago the Winnileaks service demonstrated how the cash crisis at Julie Meyer's Entrepreneur Country had forced it to attempt to sell on an R&D tax credit claim - effectively borrowing at an 163% annualised rate - just to pay its bills, HERE. It gets more interesting with a new bombshell disclosure which, I gather, was passed to the HMRC, FCA, ActionFraud and the Metropolitan Police two weeks ago with a request to investigate.
2169 days ago
As you can see below, Julie Meyer and her crumbling Ariadne empire are only allowed to conduct financial business - such as managing her crappy fund - in the UK thanks to an EU passport from her Maltese authorisation. With that now suspended how soon will the FCA update the page below. More importantly...
2170 days ago
I start with the latest developments on Julie Meyer and hint at what is coming next from myself and also from John Galt. Julie you ain't seen nothing yet. Praise be the Lord. Then it is onto Westminster Group (WSG) and someone almost as loathsome as Meyer, that is to say ex Tory MP fat Tony Baldry. Then I look at Eden Reseearch (EDEN) which fat Tone knows well, Pantheon Resources (PANR), Advanced Oncotherapy (AVO), the tossers at the FT, Jubilee Metals (JLP) and other Beuafort Securities victims and Interserve (IRV) and the tools at the FCA.
2178 days ago
Over the past six years I have handed over details of numerous frauds to the FCA and they have been so utterly fecking useless that I have now just given up. The FCA is the Inspector Clouseau of financial crime busters. Now I know what they spend their time, and your taxes, sending threatening letters to journalists whose main job is fraud busting! The - name redacted - letter is below.
2187 days ago
The scandal at Beaufort is that fat cat administrators are pillaging the accounts of 14,000 customers to fund theior own bloated fees of £100 million, something - that as explained here - is totally unnecessary since 10 other firms would have bought and transferred these accounts weeks ago. Customers are being screwed. So what is the FCA doing to help protect investors - step forward mentally retarded employee of the month xxxxxx xxxxxxx ( name redacted following a fascist letter from the FCA see HERE).
2191 days ago
I merely report the facts. Yesterday at 9.30 AM the matched bargain market Britdaq suspended trading in Whetstone (WHET) shares. Why? Well I suspect the clue is that the FCA paid a visit to Aidan Earley. I have not been able to speak to Aidan so just lift from his own blog his account of other events which I do without comment other than to say that I feel genuinely sorry for his wife and kids as it cannot have been pleasant at all. Over to Aidan...
2212 days ago
Bad language alert. The results are dire and demonstrate again the extent of the fraud that the useless wankers at AIM Regulation, Nomad SP Angel and the FCA are prepared to overlook. They show the extent of the lies told by CEO Eric Schaer. And they show a company that is running out of other people's money fast, facing a death spiral blizzard of share sales and where everyone involved deserves to burn in hell. With hard analysis of the numbers I explain all.
2215 days ago
What a great day. Telit (TCM) is under investigation by the FCA and Eqtec (ETQ) has really screwed up although why can't its PRs tell the truth for once and admit that its change of strategy was because I caught them all with their pants down and exposed them? This scandal begs real questions of Nomad Northland - hey chaps have you handed back the £75,000 yet? I also look at Optibiotix (OPTI) where last week's share purchase looks all the more prescient after news today. I look at Mosman Oil & Gas (MSMN) which is a dog whatever Zac Phillips is paid to say. I comment on Quartix (QTX) - insider dealing or bad luck? I comment on cash strapped SalVarx (SALV) - time for Jim Mellon to get his wallet out again methinks. And I look at Quadrise (QFI) where a placing looks inevitable after today's debacle.
2215 days ago
Telit Communications (TCM) and its advisers, notably PR morons Adrian Duffield and Chantal Woolcock of Instinctif, really are fucktards of the highest order. They have had to correct a statement fessing up to an FCA investigation in a material way which changes its meaning. God help these clowns.
2217 days ago
Having blotted his AIM CV in a big way with his involvement in the £65 million AIM fraud 3DM - even after its first bollocking from the FSA, the FCA as was, the toff Tory MP Sir Henry Bellingham has now been reported to AIM Regulation over seedy plans for a discounted placing at Pathfinder Minerals (PFP) which he is set to waive through to save his well paid job.
2239 days ago
Is this why the FCA put Beaufort into special administration today? Not only is it insolvent but here is a press release from New York. Ouch.
2240 days ago
Its troubles started with a rogue salesman last year. Beaufort fessed up and compensated clients but the FCA insisted on a total overhaul of its compliance systems and clients found themselves unable to withdraw cash for a while. Broking is a tough business anyway with the staff demanding the fat via bonuses in good years and the shareholders picking up the tab in bad years. And so that run in with the FCA was the straw that broke this camel's back. The FCA said it feared Beaufort was insolvent and so...
2251 days ago
I discuss the history of me being reported by Mike Walters and other morons to the FCA (FSA as was) for market abuse and in that vein I am reporting myself, Waseem Shakoor and Lucian Miers because of our comments over UK Oil & Gas (UKOG), the grossly overvalued, financially challenged mega ramp so loved by morons. Elsewhere I look at RockRose Energy (RRE) - time for a Cynical apology - Kin Group (KIN) and at Inspirit (INSP). Oh yes, and God is punishing me for being smug.
2263 days ago
Since she is doing God's will it is no surprise that Julie Meyer MBE is an individual authorised by the FCA to conduct investment business. But for how long? I have passed on all of my articles on Ms Meyer, covering the shocking administration of Ariadne Capital Ltd, ludicrous related party deals benefiting Ms Meyer by screwing her fund, dodgy accounting, unpaid bills, lying to potential investors about "cash in the bank" etc etc etc.
2270 days ago
Bombastic ex CEO David Williams isn't the only thing that's left busted flush satellite operator Avanti Communications (AVN) in the last few months. More than 50% of the company's Backlog has disappeared too - this surely implies market abuse and is something that the FCA should be investigating?
2284 days ago
Lawyers for Ariadne Group and Julie Meyer have demanded that I withdraw an article of 9th January about Ariadne Capital Ltd (in administration) and Ms Meyer - a letter to the FCA and publish their statement. I am always happy to help those doing God's will and have removed the piece.
2291 days ago
In this podcast I look at the FCA Report into CFD providers. It rightly slams themn. We have told ETX we will have nothing more to do with it and really I want no part of this industry. As a libertarian I look at an industry where 76% of customers lose money. Then I hail the King, that is the King of the spoofers, Mr Clem Chambers of Online Blockcrap (OBC) - as I also cover HERE. I look at Moss Bros (MOSB) and what its profits warning plus the problems at Byrons say about B2C stocks. I also comment on Sosandar (SOS), which we own, en passant. Finally I look at the IPO of Nuuvera on the TSXV ( a market that makes the AIM Casino look sober and well run) and what that means for FastForward (FFWD). I again explain why all cannabis stocks will not fly.
2298 days ago
The real problem that Carillion (CLLN) has its its balance sheet. It clearly needs a debt for equity swap and placing which will see shareholders diluted to buggery. This remains a slam dunk short. But it never rains but it pours. It seems that Carillion may have misled investors.
2305 days ago
I do not always agree with Richard Jennings of Align Research. He is 100% right about cats, 100% wrong about Israel and on all other matters he sits on the spectrum between those two extremes. But his latest missive to the FCA is bang on. I share his frustration.
2360 days ago
Maybe the regulators are not utterly useless after all. Sky is this morning reporting that the FCA has launched a formal probe into Telit (TCM). It is ouzo O'Clock round at the Sheriff of AIM Towers!
2371 days ago
In this bearcast I look at a 200 page report out last week from the FCA. It examines saving and borrowings level of our fellow citizens by age group and is truly alarming. I look at its data and what that means for us all and it only makes me all the more bearish about the debt bomb upon which we sit
2387 days ago
The Central Bank of Ireland handles the sort of regulatory functions that in the UK the FCA makes such a bollocks of undertaking. A source very close to the situation has revealed that Professor Richard Conroy and Conroy Gold & Natural Resources (CGNR) are now under a preliminary investigation after the events of the past week.
2405 days ago
The scandal at Nyota Minerals (NYO) which should have been booted off the AIM Casino today is deepending and is truly sordid. I have new shocking revelations for you all and incredibly serious questions for the board, for ex Nomad Roland "fatty" Cornish, especially for broker Peterhouse and also for the chocolate teapots at the FCA and the Oxymorons at AIM Regulation.
2413 days ago
If you forgive me I start with long conversations with my father about World War Two and the early fifties, his father, his mother's godfather's son (hanged as a Nazi) and other matters all prompted by watching an episode of Foyle's war last night. You need to have these chats while you still can and I thought they were interesting. We move on to why my father thinks he is Shipston's Buffett - yes the UK residential property bubble and we see yet more signs of utter madness from the FCA on this score. Martin Fagan, all those years ago, you were bang on the money.
2414 days ago
Regular readers will know that I am not the greatest unadulterated fan of Beaufort Securities. And thus when I saw an email it sent out on Friday to clients, for a moment I read the worst for it. Au contraire.
2414 days ago
UK Oil & Gas (UKOG) nutter Michael Boyle wants to trap me and report me to the FCA. What a prize poltroon. Andrew Bell has been selling lots of UK Oil & Gas shares but - with millions still on the book - tries to argue that they are cheap. Hmmm. I have a second maths lesson for my friend Mr Bell following on from this one yesterday. Then it is onto my old friend the offshore based asset stripper Jim Mellon and one of the many dogs in his stable, the related party snakefest that is FastForward (FFWD). Clearly it is placing ahoy as the company has zero cash and grotesque PLC costs but I explain why the shares, at 9.5p, are monstrously overvalued - fair value is sub 5p. Sorry Jim.
2436 days ago
I am deeply troubled by events at AIM uber dog Andalas Energy (ADL) on Monday afternoon. This is a company that has form when it comes to breaking AIM Casino Rules but on this occasion it is the advisers at Cantor Fitzgerald, whose actions have alreday cost some folks 50% of their money, who should be hung, drawn and quartered. Sadly we have gone soft on crime but at least they should be clobbered by the FCA for market abuse and AIM Regulation for breaching AIM rules. I have sent a letter.
To: The FCA, AIM Regulation & Marcus Stuttard
2444 days ago
That Telit (TCM) is going to zero is a given as I explained yesterday HERE. But now we need to know why Canaccord quit on May 26 as Nomad. I suggest the reason in this podcast and call for a wider AIM Casino rule change on Nomad resignations. Then it is on to 2 CEO resignations. The bombastic prick David Williams has gone from drowning in debt Avanti Communications (AVN). Avanti is toast but I run through the red flags pertaining to Williams himself and ask a question about his payoff for failure. As for Redcentric (RCN) can I claim this as a scalp? Frazer Fisher must have known about the mega payroll fraud of March 31 2016 as I revealed HERE. Yet he trousered a big 2016 bonus and sold stacks of shares just after publishing the 2016 number which he KNEW WERE CROOK. This departure is to avoid him being in situe when the FCA, FRC and SFO announce their findings. Actually can the Sheriff claim a scalp on the bombastic prick Williams too? I got the FRC to pan his company and exposed all sorts of Avanti red flags and naughtiness. Two scalps in a day - ouzo time?
2473 days ago
Tim Martin is again our4 hero of the day, speaking out against the FCA,m the CBI, the Financial Times and other remoaners" who are trtying to dilute Brexit with disingeneous comment. On the occassion of a trading statement from his JD Wetherspoon (JDW) chain of ghastly plastic pubs, Martin has let rip. The great man states:
2480 days ago
Redcentric (RCN) CEO Fraser Fisher is still in place despite his company having admitted to having grossly overstated its 2016 accounts, something that pushed up the shares allowing him to make a killing dumping stock a year ago. The FCA is investigating this matter as are other agencies which almost certainly means the Serious Fraud Office. So far the fall guy has been the ex FD. But I can now demonstrate that Fraser must have been persoinally aware of at least one major fraud, a type of con the King of the fraudsters, Mr Rob Terry, also pulled off at Quindell and The Innovation Group.
2587 days ago
I hope this does not sound conceited but I think this is possibly my best bearcast for some time. I really enjoyed this from start to finish. Maybe I shall not go into retirement just yet, after all. Or maybe I still will. Anyhow, on the agenda: Redcentric (RCN), MX Capital (MXCP), the FCA, Mkango Resources (MKA), Independent Resources (IRG), arrogant dickhead fund managers and the UK Investor Show.
2598 days ago
A busted clock and all that,Roger Lawson has posted something on the ShareSoc blog for his three readers which is actually bang on the money. Although it is written in his normal pompous and tedious style for once he is bang on the money. His comments refer to secret cautions by the FCA - a system which just does not work.
2609 days ago
I detailed earlier how some moron had registered on ADVFN as tomwinnifrith and then posted a lot of piffle making it clear that it was meant to be me. Among the more ridiculous assertions was the statement that: " I will remain selfishly against CTAG, even when it bounces back to previous highs. But not as active as before. We need it to get back to £40m-£60m market cap, at which point we will do it all again." were the biggest Cloudtag bear (target price 0p) be saying he "needed" the shares to get back to a 9-13.5p level and that he expected that because "at that point" would be dramatic. But of course...
2633 days ago
With a hat tip to the pizza hard man Darren Atwater, I start with the sad tale of the demise of wearables darling Vinaya. Does this hold any lessons on investing or warnings for Cloudtag (CTAG) and Fitbug (FITB)? Oh yes! Then it is on to London Capital Group (LCG), Kennedy Ventures (KENV), Autins (AUTG) where - in my view - the now ex CEO Jim Griffin should face a full stewards at the FCA, insolvent dog Andalas (ADL) and finally a look at Corero (CNS) where I crunch the hard numbers for you and the results are not good.
2664 days ago
The fraud Worthington (WRN) where ex prisoner Aidan Earley has now exposed himself as a shadow director, went into liquidation on November 21. So why have the shares not been slung off the Official List by the UKLA, part of the FCA? I talked to the FCA last week.
2674 days ago
I am not in the best of moods today. But that is not the fault of JK Rowling as her film (see yesterday) was actually not bad. In the firing line a detailed look at Avanti Communications (AVN), a lot of questions about the Worthington (WRN) fraud now in liquidation and questions for the FCA/UKLA about that. I look at Cloudtag (CTAG) another fraud and another zero in waiting, at 1Spatial (SPA) and at the bastards at Mkango (MKA) - and how they legged over punters at the Mining Maven seminar. The bastards.
2691 days ago
I am just so tired after day 4 of the olive harvest. You can see today's report - into the lair of the snake - HERE. In this podcast I cover: Cloudtag (CTAG), Strat Aero (AERO), Andalas (ADL), the CFD firms and the FCA, notably Plus 500 (PLUS), African Potash (FRAUD), Corero (CNS), Inspirit (INSP) and Fishing Republic (FISH).
2691 days ago
I do not use CFD's. They seem like a mugs game and indeed research by the FCA shows that 82% of clients of the big providers lose money. But then most folks lose on the horses or on betting on football so why target CFDs? It is all driven by MiFD2. We saw this take shape in Cyprus last week although Plus500 denied that it would be affected in a pathetic rebuttal to my scoop. That rebuttal was bollocks and Plus shares are among the big fallers today as the FCA has weighed in with a series of measures.
2699 days ago
Advanced Oncotherapy's (AVO) much ramped JV with China based Sinophi is falling apart in the most embarrassing of ways. Advanced announced its first deal with Sinophi on March 25 2015, a statement made by Sinophi should have the FCA and AIM regulation crawling all over this one.
2699 days ago
Over the weekend I urged AIM Regulation and the FCA to open a formal enquiry into market abuse and securities fraud by the AIM uber-fraud Cloudtag (CTAG). This morning I have sent an urgent missive to AIM Regulation and its hapless boss Marcus Stuttard asking why Cloudtag is not being forced to postpone its General Meeting allowing it to issue more shares.
2700 days ago
You may remember that some Cloudtag (CTAG) owning moron contacted the FCA to demand that they shut me down. Oddly that seems to have come to nothing. But the regulators at Canary Wharf as well as Marcus Stuttard's team of Keystone Cops at AIM Regulation must be awqare of this fraudulent company by now. I have today written to both showing the clear evidence that Cloudtag has committed market abuse and fraud and demanding that a formal investigation be opened at once into the company AND its Nomad Cairn Financial. And here is why, as I publish the letter in full.
2701 days ago
Yesterday shares in Advanced Oncotherapy (AVO) plunged after it fessed up that a critical deal worth up to $120 million with a Chinese entity had encountered problems. Those who backed a big fundraise just weeks ago are already 26% down. But the incident begs massive questions about the timeline of disclosure and RNS statements that appear to be utterly untrue. I have written to the FCA & AIM Regulation, as this appears to be market abuse, outlining my very specific concerns and demanding an urgent enquiry and, if appropriate, that sanction be taken against those responsible. The letter is below:
2701 days ago
How many commercial orders does Advanced Oncotherapy (AVO) have for its Proton beam machines? I put it to you that the answer is zero but that it has always been zero. This company appears to have over-egged the pudding on a serial basis, allowing it to raise vast sums. The FCA should be now launching an urgent investigation into this matter demanding to see original "commercial sales" paperwork in order to see if Advanced has been as transparent as the rules dictate.
2704 days ago
The FCA has put out a statement confirming that it is all over at Gable (GAH). William "piggy" Dewsall has made £15 million, but shareholders have lost everything and now it seems that policy holders will be screwed too. Gable issued statements while its shares traded that were simply not true but will there be any action against piggy or hapless Nomad Zeus? Whaddya think? The FCA confirms the worst:
2713 days ago
I really do think that this particular Cloudtag (CTAG) owning moron needs to take hisd medication. I have spent a relaxing weekend making Christmas puddings. He has spent a weekend franticly accusing someone else who tweets about Cloudtag in a bearish way of being me. It gets better...
2713 days ago
City of London Markets is the FCA authorised firm that has screwed Milestone (MSG) by not paying over the cash it promised for a recent placing. Poor form. The company has a glossy looking website to impress punters. But behind this veneer lies a tiny and unsuccessful company, as the latest filed accounts at Companies House show.
2721 days ago
I am now aware that the FCA has been asked to investigate whether Mosman Oil & Gas (MSMN) has been misleading investors in its RNS releases with regards to the Murchison permit operations. The matter does seem pretty black and white to me.
2723 days ago
In today's bearcast brought to you despite having a heavy cold, such is my dedication to you my listeners, I cover: Reach4Entertainment (R4E), Wishbone Gold (WSBN), writing to the FCA, T Clarke (CTO), Northern Petroleum (NOP), Andalas (ADL), Uru Metals (URU), Bilby (BILB) and Windar Photo (WPHO)
2723 days ago
The FCA's new boss Andrew Bailey has accepted that the chocolate teapots have failed in their remit of protecting consumers and for that we must give him enormous credit. He has launched a new mission statement and now wants our views. Some organisations may view their readers with contempt and suggest that the "little folk" should channel their views via the grown ups. But we know that, nearly all, our readers are intelligent adults who can speak for themselves and we urge you to do so. I will be submitting my thoughts as you can see below.
2736 days ago
No doubt our in house comments section loon Wildes will be, once again, reporting me to the FCA for this but the winner of this week's Roland "Fatty" Cornish, the worst Nomad in London, Caption Contest is the Deputy Sheriff of AIM. We asked for captions to the picture below:
2763 days ago
Are there any rules at all governing the withholding of damaging price sensitive information by AIM listed companies? Yes there are. The FCA under market abuse directives and and AIM Regulation both have the power to throw the book at CEOs and Nomads who offend. But will they? Gable (GAH), its CEO William Dewsall and, almost certainly, Nomad Zeus have broken the laws. I have written the letter below to the Oxymorons at AIM Regulation and its boss, the bogus Sheriff Marcus Stuttard, as well as to the chocolate teapots at the FCA demanding urgent action
2784 days ago
Yesterday I explained how AIM listed Cloudtag issued an RNS four days before a placing boasting of $5.2 million of guaranteed orders which was simply not true. To me this is blatant fraud and as such I have written to AIM Regulation (the Oxymorons) and the FCA (The Chocolate Teapots) asking both to investigate both Cloudtag and also its Nomad Cairn which appears, at best, to have been asleep at the wheel for almost nine months. I know that Cairn boss Tony Rawlinson goes skiing each year with a senior figure in AIM Regulation but this scandal cannot be brushed under the carpet.
2790 days ago
The message to my daughter on why I'm rooting for Donald Trump really is now live now and can be found HERE. Meanwhile, over the past week we have demonstrated clearly that there is an almighty stink about both Cloudtag (CTAG) - HERE - and also African Potash (AFPO) - HERE. I have presented the evidence to the FCA and AIM regulation, I explain why this is now an acid test for the credibility of the casino and who exactly is in the firing line.
2790 days ago
I have already requested that the FCA and AIM Regulation investigate the deliberate way that investors were misled by African Potash PLC (AFPO) ahead of the January 12 2016 bailout placing with an RNS on December 1 2015 as you can see here. Now evidence is emerging of an even bigger deception in an RNS on January 6 2016 just six days before a bailout placing. I have thus written to both the FCA and AIM Regulation asking both to widen their investigation into both Potash and also Nomad Cantor Fitzgerald and its lead QE, Mr Stewart Dickson. This is a clear case of Securities fraud.
2790 days ago
Nick Davis is the CEO of City law firm Memery Crystal but also sits on the board of the prestigious AIM Advisory Group. That has to end now as his role in the African Potash (AFPO) fraud comes to light. I warn African Potash that my man in London is set to supply more documents relating to yet another deal where it grossly misled investors ahead of a placing. There is worse to come and more for the SFO, FCA, FRC and AIM Regulation to get their teeth into. Now back to Davis.
2790 days ago
I have already alerted the FCA, AIM Regulation and the FRC to the growing scandal at African Potash (AFPO) with regard to the non disclosure of a £600,000 bung on December 1 2015 as part of a pre placing ramp. Now it is onto the Serious Fraud Office, SFO, to whom I have written today.
2795 days ago
Yesterday's expose here of AIM listed African Potash (AFPO) demonstrated quite explicitly and without doubt that the company was guilty of fraud - that is to say raising money, with the assistance of Nomad and broker Cantor Fitzgerald - having materially misled investors. I have today passed on the supporting documentation to three different regulators asking all three to open investigations into African Potash. My open letter explaining why follows.
2796 days ago
On December 1 2015 AIM listed African Potash (AFPO) announced what appeared an incredible marketing deal for its fertiliser with a company called Beryl - of course nothing has come of the deal and what African neglected to mention was a £600,000 bung. A source in London has sent me the signed contract. One month and 12 days ahead of a bailout placing investors were grossly mislead as to the nature of the Beryl deal. Potash shares need to be suspended at once and AIM Regulation and the FCA have to get involved.
2802 days ago
I am almost getting bored of this but to see poltroons get all their facts wrong and delight in their own stupidity gives me a vague feeling of superiority. Meanwhile I explain the latest farce that is entertaining various morons on twitter. I then look at Xtract Resources (XTR) and also, in detail, Rose Petroleum (ROSE).
2809 days ago
The FCA will say that fining Cenkos (CNKS) £530,000 over the Quindell (QPP) fraud shows regulation is working. Au contraire. The narrow scope of its investigation, the failure to sanction individuals and the paltry fine show that assisting crime does pay if you work in the City. It sends out all the wrong signals and is a day of shame for the Square Mile as I explain in this podcast.
2810 days ago
These morons they just cannot decide how to slander me. As you can see below one Glenwick (GWIK) owning moron at one stage thinks since I have no credibility so it matters not what I say. A few minutes later he thinks loads of folks sell shares if run a story. The twit just can't make his tiny mind up. It then gets better.
2814 days ago
A detailed dossier posted by Hulsey Smith as part of his legal claims against AIM Casino listed Strat Aero (AERO) is in our possession and can be accessed below. It contains numerous internal emails appearing to show clear fraud by Strat as it raised money time and time again on AIM, the payment of a poster to ramp on Bulletin Boards and that the business model was just not viable. It will be humiliating both for Strat and for its broker Beaufort Securities which raised all that cash and which is involved in many of the email exchanges. Shares in Aero, appear to be utterly worthless in light of what appears here and the potential for regulatory fall out and thus must be suspended at once and the FCA must step in.
2816 days ago
Environmental Recycling Technologies (ENRT) was slung off AIM today. But the former 3DM is not telling you something rather more serious which happened 11 days ago. This is a fraud that is now officially dead;. It has cost mug punters £65 million. I explain why it is a fraud (as I did back in 2005) and I name all of those on the roll call of shame including FSA (now FCA) officials who failed investors, nomads, brokers, tipsters, managers. And I explain my next step - write to the SFO.
2816 days ago
The FCA is set to fine Cenkos over the Quindell fraud, the FRC has thanked me as it panned Quindell for fraud, and the SFO is making good progress on the Quindell fraud yet some morons still blame me for the penury they suffer as a result of ignoring our warnings that Quenron was a fraud. These fools really do believe that Rob Terry was a good guy and, unbelievably, are still trying to put me out of business. Step forward a troll on the ADVFN Asylum posting crap under the nom de plume NickyName.
2823 days ago
Sky News claims to have a source who says that Nomad and broker Cenkos (CNKS) is to be fined £700,000 by the FCA for its lamentable failings in the Quindell (QPP) fraud - Cenkos has now admiited that a probe is underway. Whilst I see this as another moment of vindication for my work in exposing that fraud it is simply not enough. The FCA is telling the City's banksters that turning a blind eye to white collar crime does pay. Its coke and hookers all round if this is the best that the FCA can do.
2835 days ago
Oh no, Wildes is going to have to report me to the FCA once again for market abuse in awarding the prize, a signed photo of Oakley, to myself. This contest was on my mind following news that once again a "foreign cat" has entered the house through Oakley's cat flap. What would Farage say? "These Bulgarian cats get everywhere, political correctness gone mad...mine's a pint." Anyhow the winning entry - from the many submitted HERE - to the photo below is from me and is:
2836 days ago
We own these shares so clearly we are not impartial in what we say about the most incredibly brilliant and perceptive broker report in history. That was my little joke before Wildes reports me to the FCA again. Anyhow Whitman Howard has published a detailed not on Falanx (FLX) as it initiates coverage. Analyst Christopher Furness says:
2843 days ago
The standard of entries in yesterday's Getafix on holiday contest was dire. And so notwithstanding the fact that Wildes will now report me to the FCA for market abuse I am awarding the non existent prize to my own entry. You can see the other captions HERE. Please do better with today's selfie sent in by Malcolm who is now back on the beach as you can see below.
2845 days ago
The first big shock was when our car pulled up outside my father's house in Shipston. Up ambled by step brother T who greeted us warmly and then up strode a rather sexy looking woman who I did not recognise at all. Had T found a new wife and not told us? The old rogue. These teachers: we know what they get up to in all their vast amounts of spare time and holidays. Reading weeks my arse. So who was this stranger?
It was only when she started speaking that I realised it was my step sister L. Shockingly she has not only cut her long hair but also stopped dying it brown and is now - like her mother and brother completely grey. It is odd how that change of hair colour and style acts as a total disguise. I must remember that, the next time the FCA tries to stitch me up and forces me to go on the run.
The was not the real shock though.
2847 days ago
It is not just to avoid Wildes screaming "fix - insider dealing and market abuse" and reporting me to the FCA but once again I am not awarding the prize for the day three contest to Nigel Somerville. You can see his and the other five losing entries HERE. For today's contest Getafix has, it seems, left the beach and headed inland and sent us a new photo to allow you to do your worst. The deadline for entering today's contest is midnight ( which is also the deadline in the Tory leadership poll HERE). So yesterday's winner with another corker was...
2848 days ago
In this podcast I relay to you news of an investigation which has now closed into me and others relating to InternetQ. It shows the sinister powers the FCA has and uses but also the crass stupidity of the regulators in pursuing such an obviously flawed investigation. Not only was I 100% innocent but I was demonstrably so. What makes the fact that these fascist poltroons go after an investigative journalist who has busted so many frauds is that the FCA has not gone after the frauds despite me handing it evidence on a plate. I refer to Quindell, 3DM ( where in its FSA days it actually helped protect the fraudsters), Globo and Sefton This has meant that investors have been screwed as a result. The FCA is not fit for purpose
2864 days ago
While there were many excellent entries to this caption contest as you can see here, the winner has to be the same person who supplied the original photo below. Oh, no it is Nigel Somerville. Our resident Lenigas worshipping loon Wildes will again demonstrate his enormous knowledge of securities laws by describing this as insider dealing and reporting me to the FCA. Anyhow Nigel's entry is:
2879 days ago
It appears that the answer to that question is yes. Terry has not only said he is going to do it but he has told the FCA how he is going to do it. And the chocolate teapots appear happy to let this continue. It is bad enough that Terry boasts that he made in excess of £30 million from the Quindell fraud, but it seems in Britain he can carry on stealing and no-one cares.
2891 days ago
I pointed out yesterday that Environmental Recycling (ENRT), the company formerly known as 3DM and which is the only AIM company to have been censured not once but twice by the FSA (now the FCA) for lying to investors was drowning in debt and out of cash. Just to show how out of cash it is, I point out that it cannot even afford to pay a vital bill for Euro 1,575.
2909 days ago
Vince Cable is the man who has famously predicted 14 of the last three recessions. He is the man who, as business secretary, called on the FCA to investigate and prosecute wicked bears who were bringing down a Great British company called Quindell, now being investigated by the Serious Fraud Office. Cable backed the fraudsters then and now he is showing how, as a Liberal Democrat, he has a strange view of what Democracy means.
2961 days ago
A top broker running a reputable institutional brokerage has predicted the next big scandal to hit AIM. He describes the junior market as a Casino (I wonder which website he's been reading) and lashs out at a problem the FCA has created, the retail brokers becoming corporate broking bucket shops. Over to the broker who writes...
2975 days ago
We warned you two days ago that Independent Resources (IRG) was trying to spoof investors with a bogus announcement in order to get a discounted placing away...it has not taken long, the placing today is a shocker. the FCA and AIM Regulation must investigate.
As a reminder, Independent tried to persuade us that a supplier had accepted payment in shares at 0.6p. The shares were in fact trading at par at 0.1p. The shares raced ahead to 0.3p plus on this spoof (we explain why it is a spoof here). And today the company has raised a pitiful £93,000 at 0.12p which will keep the PLC lights on for just another few weeks.
2978 days ago
Yesterday afternoon I revealed HERE that the FCA would stiff disgraced pensioner mugging stockbroker WH Ireland (WHI) with a large fine. Sources claiming to be close to WH Ireland pooh poohed my story. They should have known. The Sheriff was not wrong. Today came the fine ( £1.2 million), a 72 day ban on taking on new corporate clients and news of a £1 million placing at 90p to keep the lights on...but WH Ireland is still not telling you everything. Here are two more scoops.
2979 days ago
Disgraced pensioner mugging stockbroker WH Ireland (WHI) has already admitted that it faces a large FCA fine for all sorts of misdeeds (although not the pensioner mugging) but the scale of its, company-threatening - problems is likely to become apparent imminently according to a source close to the situation.
2984 days ago
Our series on Boxhill (BOX) has clearly established that this stinking mess is totally uninvestable and that all directors of this company should not sit AIM Casino boards going forward. On that note - just three small additional questions for chairman Lord Razzall on the matter of when did he know that the FCA were about to warn folks against dealing with his company?
2993 days ago
A wide ranging podcast starts with comments on Eden Research, Ken Brooks and the abject failure of the FSA/FCA to protect investors. Then it is onto three shite companies starting with the letter M: Magnolia Petroleum (MAGP), Motive TV (MTV) and Mosman (MSMN). I look at Circle Oil (COP), Trinity (TRIN) and Tethys (TPL) as well as Servision (SEV) where my target price remains 0p. Then a brief stockmarket lesson for the Sith Lord on what a dead cat bounce actually means and a look at Aureus Mining (AUE).
3014 days ago
It is not a good start to the week for MX Oil (MXO) as it has essentially confirmed my £2 million at 1p placing article from Friday. It is reshuffling the board, now considering asset sales, its shares are slipping and its moronic shareholders blame it all on Tom Winnifrith and are stating on twitter and on various chat room asylums that they are reporting me to the FCA.Where does one start?
3022 days ago
Today's Daily Mail carries a horror story about the demise of Crumpet Cashmere, an upmarket clothing venture patronised by Pippa Middleton (pictured) and other well known bimbos which has just gone bust. My point is not to make cheap jibes at the ghastly Pippa but to flag up how this shows the horrors of crowdfunding and how the FCA is failing in its duties to protect mug punters in a horrifying manner.
3025 days ago
After 89 days the Golden Saint Resources (GSR) crowd funded debt death spiral organised by Crowdforangfels and its imbecilic compliance officer Gollum Gill was pulled last night. It had raised just £3,350 - just a little way below the minumum of £50,000 and the £250,000 target. This morning Golden has fessed up to the flop.
This humiliating exercise will have cost it £2500 + VAT - £3,000 and proceeds are nil. The FCA should be looking at slamming Crowdfor Angels and Gollum on two points:
3028 days ago
I am now back from New York and arrived in Bristol about an hour ago. 7 hours sleep, since Saturday at 11 AM your time, and I am cream crackered. And so I shall shortly be joining the Mrs and my morbidly obese three legged cat Oakley in bed and going straight to sleep. Before that a bearcast covering BSD Crown (BSD), Inspirit (INSP), Evocutis (EVO), Scancell (SCLP) Motive TV (MTV) and the curent rumours surrounding 3 bent share tipsters and the FCA.
3033 days ago
AIM casino listed Environmental Recycling (ENRT), formerly known as 3DM is worthless POS which has been twice censured by the FSA (today's FCA) for misleading investors. In clarifying the status today of an uber expensive loan it has taken from its founder, Kennyboy Brooks, it has just admitted to a third deception.
3071 days ago
We know that the old board at Quindell (QPP) serially mislead and lied to investors as it committed wholesale fraud. Most of that board is now awaiting arrest by the Serious Fraud Office. But now to the NEW board, I have today written to the FCA and AIM Regulation asking whether it mislead investors on August 5 2015 in a material way with regard to its Himex subsidiary
3096 days ago
Thanks entirely to the courageous investigative journalism of the snot gobbler Dan “microscopic cojones” McCrum at the FT, ex Globo (GBO) boss Costis Papadimitrakopoulos is now formally in the soup – the company has reported him for fraud to “the appropriate law enforcement agencies in the UK, Greece and Cyprus.”
Meanwhile, after the event the chocolate teapots at the FCA have said that they are investigating Globo. Hmmm, fear not my fraudulent Greek friends, being investigated by the FCA is like being
3130 days ago
Rob Terry will, I am sure, soon be arrested by the SFO over the Quindell (QPP) fraud but the crook is not finished in his criminal ways. Via his new Ponzi, Quob (Knob) Park Estates he is clearly guilty of market abuse concerning AIM listed Imaginatik (IMTK) and I have asked the FCA to investigate. Perhaps worried about this Terry has been deleting tweets.
Knob Park has built up a 14% stake in Imaginatik – a company that is only NOT bust – because Chairman Matt Cooper lent it $110,000 to keep the lights on a few days ago. But that has not stopped Terry talking his book.
Yesterday Knob tweeted:
3135 days ago
The fraud Quindell (QMC) has now formally admitted – what I proved well over a year ago and the FCA & AIM Regulation opted to ignore – that Mark Ford’s company TMC Southern was used to create totally bogus profits for Quindell in 2011. In fact its £3.5 million fraudulent contribution – funded by a panama pump of shares – accounted for nearly all the stated £4.1 million profit. It seems that Rob Terry and Mark Ford are working hard to “bury” this bad news. It will not wash with the Serious Fraud Office.
3145 days ago
Emmit PLC (EMT) was booted off the AIM casino in May of this year but said that – notwithstanding a parlous financial position – it hopes to make a comeback once it has completed an RTO. I suggest that it has zero chance of this given the revelations below, revelations which show that its former Nomad Daniel Stewart (DAN) was not fit for purpose. Daniel Stewart deserves a massive censure and fine for the scam it allowed to take place. A scam that has cost investors millions.
The FCA flagged up a pension scam involving shares in Emmit last year stating:
3155 days ago
Yesterday, in a Bearcast special, I explained why the circular published by AIM Cesspit posterboy Hotel Corp (HCP) at no-one is watching O’Clock on Friday contained slam dunk lies designed to mislead investors into not voting out fat cat crony capitalist tax-haven dwelling chairman Derek Short. Today I have written to the company’s Nomad, Simon Clements of Sanlam demanding that the circular be withdrawn and that the directors be censured. In case Mr Clements dithers I am cc’ing AIM Regulation and the FCA to ask them to force his hand.
3166 days ago
I am meant to be offline in Greece but I log on and discover the flip flop Turney is writing bullish nonsense on Quindell (QPP). The lad should really stick to writing three articles a day about New World Oil & Gas (NEW). After yesterday's news from the FCA/SFO I discuss who goes to prison with the fraudster Rob Terry and where this leaves the shares. Those who dismiss YLF tend - like flip flop - not to have spoken to them and - as a result - not to understand what is going on.
3171 days ago
Rangers International Football (RFC) recently announced the appointment of Peterhouse Corporate Finance as its ISDX advisor, and sources close to the deal say that ISDX is desperate for RIFC to join its junior market in London. A few uncertainties remain.
Sources close to the deal have revealed that bosses at Peterhouse have had four meetings with RIFC Chairman David Cunningham King – with the FCA now having cleared Mr King as fit and proper to run a public company.
However, in order to list on ISDX RIFC must show that it has enough cash to last 18 months. Right now it has net debt of £5 million to the loathed Mike Ashley and
3173 days ago
Auditors Crowe Horwath Associates have performed the local audit for five China AIM casino companies and at three we have already seen wholesale fraud as purported cash balances either were made to disappear or never existed at all. The Financial Reporting Council, FCA and the oxymoron that is AIM Regulation need to act NOW and shares in Camkids (CAMK), Jiasen (JSI), and Asia Ceramics (ACHP) must be suspended at once.
The companies where we know that there has been fraud and which got clean bills of health from CWA were: Naibu (NBU) –delisted -, Sorbic International (SBI) – delisted - and
3176 days ago
This week’s disclosures by Quindell (QPP) have shown conclusively that the gargantuan body of work which started back in April 2013 by ourselves and colleagues at ShareProphets was on the button. Along the way there were allegations of securities fraud, accounting fraud, VAT fraud, insider dealing, market abuse in what is simply a staggering litany of revelations. The evidence was passed to the FCA, AIM Regulation, the SFO and others in a series of submissions going back to April 2014. Yet the FCA and AIM Regulation utterly failed to act on the evidence handed over. The FCA took until June of this year to open an investigation – we rather suspect because of a me-too response, once it was known that the SFO was involved and that the Financial Reporting Council (FRC) had been looking at Quindell. AIM has yet to confirm any actions beyond a spot of belated flag-waving.
3177 days ago
On Wednesday 5th August 2015 Quindell (QPP) fessed up to all sorts of frauds and the SFO admitted that it was starting a criminal investigation. In light of that I bring you two videos which shows some of us were way ahead of the game, and we are not talking about the oxymoron that is AIM Regulation here. The first is from August 5th 2014
3194 days ago
The quite dreadful new TV reality show Life on Marbs went live with episode one tonight. Its star Jon Stretton Knowles is of course a critical figure in the biggest UK stockmarket fraud of the past 30 years, Quindell. Its shares are 80% down and now suspended with investors having lost billions and the Serious Fraud Office, FCA and others are investigatng. No doubt JSK will be having a chat with the Old Bill soon. In case you missed the debut show...
I managed about 30 seconds
3196 days ago
I have this morning from the train contacted the Financial Reporting Council, AIM Regulation and the FCA regarding the 2012 and 2013 accounts of Daniel Stewart PLC regarding the issue I raised yesterday HERE. It has long been my contention that DS is not fit to be a listed company and in that spirit I have asked that its accounting which appears, at best, to be aggressive, be formally investigated. The letter follows.
To: The Financial Reporting Council, The FCA, AIM Regulation
cc: Roland Cornish of Beaumont Cornish, Nomad to Daniel Stewart.
Dear Sirs.
3197 days ago
Of course this blog supports Jeremy #Corbyn4leader - it would make Labour unelectable which is a good thing. The danger is that it would make the Tories feel utterly unchecked and recent news on FOI, Syria and banksters getting an even softer touch from the FCA make me worry that this is already happening to some extent.
3199 days ago
Martin Wheatley, the head of the FCA is to leave his job in September after the twat George Osborne refused to extend his contract. Wheatley is being shown the door and the spin is that he is being given the bullet because he was too tough on the banksters and on the financial services industry. George, pal, you are ‘avin a bubble.
The FCA is not fit for purpose
3212 days ago
The most blatant and biggest (in relative terms) fraud at Quindell (QPP) concerns the TMC Southern panama pump which created 140% of the reported Quenron profits in the 15 months to December 31 2011. Lord Michael Howard has confirmed that the new board is aware of this monster fraud as are the SFO and FCA and other regulatory bodies. But to demonstrate the duplicity involved I bring you more detail.
3215 days ago
Oh dear, it seems as if the NBF’s of Quindell PLC, the FCA, are now investigating another huge misselling scandal in the legal profession and that as a result of this – and work being done by the SRA – either Quindell PLC or Slater & Gordon could be picking up a bill for £75 million or more. It never rains…
The furore regards personal injury solicitors automatically incepting after the event (ATE) insurance for their clients – normally in the RTA space - when a case did not warrant it and / or for inflated prices.
3217 days ago
Slater & Gordon, the Aussie law firm that grossly overpaid to buy the bulk of the fraud Quindell (QPP) has seen its shares crash by 25% to just A$3.78 today as it has admitted that it too has accounting “errors”. The stock traded at A$7.95 on the day it announced the Quenron deal…We told you that the short trade had just moved on…
The ambulance chasers at Slater say that they will co-operate with the Australian Securities & Investments Commission (the Oz FCA) noting: “The company was notified by Pitcher Partners that ASIC intends to raise some queries directly with the company.” Yes Slater will co-operate. What choice does it have? I can't imagine that it does so with great pleasure.
Slater said
3221 days ago
Oh dear, poor old Quindell (QPP). Following news of the FCA investigation and additional internal checks on Rob Terry’s accounting fraud, I can reveal that those plan ing a class action have now appointed a top barrister as they prepare to lodge a claim. This is an additional threat to the special dividend this fraudulent company had promised.
Your Legal Friend, which is organising the class action, has appointed Philip Marshall QC as Lead Counsel for the potential group action on behalf of Quindell shareholders. Mr Marshall QC has a cracking reputation and track record in the area of financial and investor litigation and already has a similar lead role in relation to significant investor actions against Tesco PLC and RBS Group PLC being conducted by other respected legal firms.
YLF commented on the FCA
3222 days ago
The FCA is now investigating Quindell and Quindell itself is reviewing some of Rob Terry's dodgy deals. Terry should lube up and prepare for prison as explained HERE but instead the POS has issued a statement via his new fraud vehicle Quob Park which we translate for your benefit.
Terry states and our translation is in bold:
3222 days ago
Shares in Quindell (QPP) have today been suspended on news that the FCA is now formally investigating and that Quindell itself is now investigating a host of other fraudulent related party transactions over and above the over-statement of profits. The fallout for Rob Terry, Quindell shareholders, ex CEO Rob Fielding and the other crooks in the cabal will be massive. Jail beckons for some. Daniel Stewart is in the merde as Quob Park will unravel. For me I am now 100% vindicated. Or as Rob Terry would have, it 2+2 = 150% vindicated.
To those folks who harassed me with legal threats (Schillings your letter is on display at Free Speech & Liberty Pizza to remind you of your shame), with death threats (also on display), with smears, with attacks and harassment of myself, my dependants, my colleagues, I suggest a moment of reflection. I do not expect apologies, but reckognise that I use the word "fraud" only where I can prove it and months of painstaking analysis - you can see here - proved that. I have now been fully vindicated.
The statement is a horror for Quindell and reads:
3259 days ago
On the very day that market abuser Chris Oil started selling 96 million shares in Sefton Resources (SER) he tweeted out that the stock was a buy to those who follow him. There were other ramps to follow as Oil cleared his position which were so blatant that the FCA is now investigating him. To be so blatant with your market abuse surely makes you a Bulletin Board Moron but perhaps you have spotted someone tweeting or posting something even more stupid. we suggest that boards for New World, Sefton and Worthington will once again throw up some examples.
3259 days ago
Naturally I start this podcast with my big news - last night's encounter with a snake: did I kill it. You can read about that HERE. Next up is a detailed look at today's news from Environmental Recycling (ENRT), formerly 3DM, then onto Tomco, Rose Petroleum, Tungsten, Blinkx, Sefton and Solgold. And then for some folks out there - including Chris Oil - I explain what constitutes market abuse and/or insider dealing and what the FCA should do about what is NOT a victimless crime.
3268 days ago
Nomad Beaumont Cornish, run by Roland “fatty” Cornish may act for China fraud Gate (GATE) and have covered himself in opprobrium over New World and Digital Learning (see HERE) but even fatty draws the line somewhere and that is over getting involved with Rob Terry of Quindell infamy.
Terry is an insider dealer. That is to say he traded shares in Quindell when in possession of price sensitive information (the resignation of Canaccord). He is a fraudster. That is to say he committed securities fraud when on 2 September 2013 Quindell issues shares to party A stating that it was to party B as a reward for hitting performance targets when in fact it had missed those targets by a mile. And there are numerous other frauds Terry committed but this is the easiest slam dunk.
On March 31 Terry
3273 days ago
Written jointly with Ben Turney & Nigel Somerville...Quite simply, the firm of Beaumont Cornish is not fit for purpose as a Nomad. It epitomises all that is wrong with the AIM market. The epic fiasco surrounding the New World Oil and Gas Placing may be the last straw but Beaumont Cornish has form going back years. Even with regard to just this one company there have been serial disasters, but there are more cases where Beaumont Cornish has failed in its duties as Nomad.
If the Laughing Stock Exchange and the chocolate teapots of the FCA are going to try to maintain any pretence whatsoever that the AIM market is policed then Beaumont Cornish has to be made to pay the price. In this article we outline some of the scandals presided over by this squalid firm. Investors have lost money through incompetence, lies, fraud and cronyism where Beaumont Cornish is supposed to have acted as the long arm of the regulator, but has failed. Token private taps on the shoulder or fines of the magnitude of a good lunch are not enough. Public and summary execution is now the only way forward. Here are just a few examples of what Roland “Fatty” Cornish and his crew have presided over.
2012 – Digital Learning Marketplace plc (DLM)
Back in 2012,
3281 days ago
There is a false market in Sefton and China fraud Gate Ventures and the FCA and AIM Regulation do nothing to protect investors. That is a crime. I discuss that at the start of this podcast and then go on to do the hard maths on Sefton based on the claims it has made and to demonstrate clearly why the shares are 80% overvalued. Ignore the hype and bluster and the twitter and Bulletin Board insanity just do the hard math my friends and you can arrive at no other conclusion.
3284 days ago
When is Rosslyn Data Technologies (RDT) going to serve up a trading statement ‘fessing up to the speed of decline in its UK business, the cashburn and the urgent need to raise bailout capital this year? And when will it ‘fess up to investors about how the IPO prospectus of last year was misleading – a matter I have raised with the FCA – as to the impact of departure of key personnel before flotation? You want another example of that? Here you go.
Steve Hayward was the IT geek who created the software behind Rosslyn’s business. Together with ex sales director at Rosslyn James Courtis-Pond,
3290 days ago
Is the FCA a total joke? We shall see and the man who is going to help answer that question is insider dealer and unconvicted fraudster Rob Terry. This is interesting.
At 4.35 Daniel Stewart announced:
3294 days ago
The Quindell of 2005 was a company called 3DM. Its shareholders the ThreeDimmers saw the AIM casino stock hyped up to 150p as this former Kazakh loo paper manufacturer told lie after lie. It sent me lawyer’s letter after lawyer’s letter as it tried to bully me into silence. Its cheerleaders, tipster Mike Walters and a City spiv called Johnny Townsend, encouraged all shareholders to report me to the FSA (the FCA of old). But in the end it was 3DM that was censured not once but twice by the FSA (2006 and 2008) for its serial lies. Today that company is called Environmental Recycling (ENRT) and it is still on AIM. Just.
3302 days ago
It is my contention that when Rosslyn Data Technologies (RDT) - formerly Rosslyn Analytics - floated on the AIM Casino it was fully aware that its ex sales director (James Courtis-Pond) and CTO (Steve Hayward) were already in direct competition with it at Anydata Solutions and failed to disclose this in the prospectus. I have written to the FCA about this HERE demanding an enquiry.
3310 days ago
I seem to have been reported to the FCA again. I discuss this, Vince cable, Sefton, Quindell and the failure of regulation plus a bit about faith (which I do not have) or forgiveness (which I find hard). A company specific bearcast will go live later.
3311 days ago
Rosslyn Data Technologies (RDT) floated on the AIM casino on 29th April 2014 having raised £10 million at 33p. Cenkos acted as Nomad and broker and will have earned almost £700,000 from this company. The shares are now trading at just 13.375p –this has been a disastrous IPO for those who backed it and I have today written to the FCA asking it to investigate Cenkos and Rosslyn to see if the prospectus for the IPO was misleading.
3312 days ago
There is so much to say in today's podcast but to clarify that in yesterday's podcast when I said monogamy I meant celibacy. I start with a tidy up on Motive TV following on from HERE and then onto Rosslyn Data as a follow up to HERE - I shall be contacting the FCA and AIM Regulation about Rosslyn and its loathsome Nomad Cenkos later. And then onto a special from Big Ray Zimmerman at disgraced ZAI Corporate Finance - a true POS that is Zibao Metals Recycling. Guess where it does its business? And we have the China AIM Norfolk poll results for you.
If you like this knockabout style you will love my two ( or maybe three) presentations at UK InvestorShow on April 18 in Westminster. As of now fewer than 100 of the 2000 tickets are still available. Book yours now HERE
3315 days ago
You may not remember Vyke PLC. It disappeared in 2011 from the AIM Casino and went bust shortly thereafter. But it raised millions of pounds from investors thanks largely to the efforts of disgraced crony capitalists Daniel Stewart – and yes Paul Shackleton of Naibu infamy was involved as his name appears on RNS releases – and it was a fraud. The FCA was alerted but did it do anything? Was Daniel Stewart censured and if not why not? At this stage I pass onto a reader who recounts his experiences:
I first heard of Vyke when some muppet spammed an unrelated Interactive Investor discussion board with the usual “this is a ten bagger” rubbish, so I took a look at the company. Shares were then about 80p and the house broker, Daniel Stewart, had published a ‘research’ note with a price target of 540p. It took me about two hours to work out that at best Vyke was a bag of nails and might well be a fraud and I said so on that discussion board.
3317 days ago
ZAI Corporate Finance & Big Ray Zimmerman are squarely in the frame regarding the fraud Naibu (NBU) but in my view it is former advisor Daniel Stewart and its then lead Qualifying Executive (QE) Mr Paul Shackleton who are most culpable and I have today written to the FCA and AIM Regulation asking that both be investigated and punished most severely for their role in allowing the continuation of a fraud that has cost investors millions of pounds.
Shackleton (now at WH Ireland) and Daniel Stewart were meant to report to the AIM Regulation team and the FCA any concerns they had about Naibu up until ZAI took over as Nomad on December 12 2014. During the first eleven months of 2014 I showed that Naibu CEO Houyan Lin (now in prison) had an undeclared criminal past and numerous times accused this company of fraud.
3317 days ago
In this podcast I look at the Gate Ventures farce and have some very very serious questions for its low-life Nomad Roland "fatty" Cornish about events last week and his warrant. I look at the fall out from the demise of Hume Capital and the questions that raises and then also talk about my chat with the FCA last week
If you enjoy this sort of thing you will love UK Investor Show. With fewer than 200 of 2,000 seats left for April 18th book your place now HERE
3319 days ago
It is no secret that ZAI Corporate Finance run by big Ray Zimmerman is the worst Nomad in London. If no-one else will represent a client, Big Ray steps up to the plate but I can reveal that this has already landed him in the soup big time with the regulators and I now urge the FCA and AIM Regulation to shut him and his company down for good in an open letter.
AIM relies on Nomads doing due diligence on clients before taking them on and monitoring them after take on. If a client is a “wrong un” the Nomad must report this and stop trading in the shares. But sometimes the need to generate retained income means some Nomads turn a blind eye or worse.
What I can reveal today is that ZAI Corporate Finance has already been slammed by the regulators
3320 days ago
If a quoted company issues a statement that misleads investors it and its executive officers are guilty of market abuse. Quindell (QPP) did just that yesterday and thus I have again written to the FCA asking it to launch yet another investigation into Quindell and its chairman David Currie and CEO Robert Fielding. Yes that is the same Mr Fielding who bought RTA for £68.40 in December 2014 and sold it to Quenron for £2 million a couple of weeks later. Quite why he has not been suspended by Quindell’s HR Manager Jill Harrison for that pending a full investigation defies belief.
The letter reads.
3320 days ago
Just when you thought that our MPs could not sink any lower in talking complete bollocks as they engage in populist pre-election vote grubbing, they turn up en masse to surprise you with a new act of idiocy. Leading the charge on this occasion is the economic illiterate business secretary Vince Cable and the matter at hand is Quindell (QPP).
Cable, Andrew Tyrie (the Tory buffoon in charge of the Treasury Select Committee) and the expenses fiddling permatanned Peter Hain of Labour are lambasting the FCA for not dealing with market abuse at Quenron. Yes…I think you know what is coming next.
3330 days ago
My first meeting with my barrister as I seek to have the Aiden Earley injunction lifted is on Monday afternoon and will cost £1000 +VAT. My lawyers’ fees are already in excess of that. The hearing at the High Court on Wednesday will cost several thousand pounds and so I ask for your URGENT help in getting this injunction lifted so we can expose more stock market crime.
We still have a couple of thousand on the kitty from the Sefton/AIM Cesspit campaign but that will be gone once we pay the first lawyers bill. And the costs here will rack up but it is important that we win.
As a result of our work full dossiers are now with the SFO, UKLA/FCA, HMRC and others.
If you value this work to clean up the stockmarket I ask you
3330 days ago
I am obliged under the interim injunction to remove all emails republished here from Craig Earley and all documents attached to those emails by 4.30 PM today and shall do so. I appeal the matter in the High Court Wednesday. However I have just been handed a document which is not attached to any email from Earley and appears to be the killer blow on the Worthington fraud and also casts a whole new light on Rangers and the Craig Whyte affair. Since it arrived as a stand-alone it is NOT covered by the injunction. I shall be passing it onto the UKLA/FCA and Serious Fraud Office at once and imagine Rangers supporters may want the Scottish Police to see it as it implies that the current Rangers enquiry may need widening.
The key points are at the end of the document and demonstrate that
3332 days ago
A brief bearcast from Athens Airport. First up Europcar are bastards. Do not use them ever. I shall explain why later. In this podcast I also discuss Coms, Filtronic, Webis (tough luck Jim Mellon), what an inventory build up means, talking to the FCA/UKLA about Worthington and by the way did I mention that Europcar are total bastards and you should never ever use them anywhere in the world?
3337 days ago
Everything I say in this podcast is backed by the leaked emails, documents and analysis of the 22 part Worthington fraud series run over the past couple of weeks. I hope the SFO and FCA/UKLA are listening carefully as I explain this fraud on investors and the Jerome pension fund from start to finish.
3338 days ago
The contents of this article have had to be withdrawn – on a temporary basis because of an interim injunction granted to Mr Aiden Earley. We are appealing this matter as we believe that the activities of this convicted crook and disqualified director, and shadow director at Worthington, merit a wider audience. If you can make a small contribution to our rapidly growing legal bill to ensure that Earley is exposed please do so. Details of why we need assistance and how to help are HERE
3340 days ago
On Monday 22 February the fraud Quindell (QPP) put out a statement that misled investors as to the status of its discussions with Slater & Gordon as to the sale of QLS. Slater and Gordon was forced to clarify the situation with its own statement. Shares soared on the Quenron RNS but retreated as S&G revealed the truth. As such this begs the real question as to whether David Currie, the chairman of Quenron and old pal of Mr Robert Simon Terry, is guilty of market abuse. I have written to the FCA today asking it to launch a formal enquiry.
3343 days ago
The contents of this article have had to be withdrawn – on a temporary basis because of an interim injunction granted to Mr Aiden Earley. We are appealing this matter as we believe that the activities of this convicted crook and disqualified director, and shadow director at Worthington, merit a wider audience. If you can make a small contribution to our rapidly growing legal bill to ensure that Earley is exposed please do so. Details of why we need assistance and how to help are HERE
3347 days ago
In today's podcast I discuss what exactly is market abuse and who commits it. I talk about how I reported myself for market abuse to the FCA when dealing with bully boy lawyers from Range Resources. And who really commits it. At a company level I look at 3 Legs Resources, Afren , TXO, Northern Petroleum and Mosman Oil and Gas.
3381 days ago
Okay none of you guessed correctly. My first lawyer’s letter of the year came from Lse.co.uk. Apparently I have damaged its good name and caused it distress. Yes, that is the website which each day carries at least 50 posts smearing me with all sorts of abuse and lies. Next up, Prince Andrew is going to give me a lecture for inappropriate behaviour because my wife is six years younger than I am.
I posted the screenshot below and asked in the article who at LSE was responsible for loading it because it carried bogus reports of broker buy notes on Quindell (QPP) and was thus market abuse. I tried to phone and email but no response. LSE.co.uk states that the data is loaded by Digital Look. Fine – someone at Digital Look has a few questions to answer. I am very glad that the FCA is looking into this.
3405 days ago
Range Resources (RRL) was telling its stockholders by unofficial channels two years ago that its US assets cou;ld be sold for $150 million funding mammoth share buybacks. Today they were sold for $1.4 million. This Bearcast covers the role of Greg Smith in the range tragedy, questions the value of Range's Trinidad assets, points out how Pete Landau misledinvestors and calls on the FCA to investigate Landau for market abuse and to ban him as a director of AIM Casino listed companies. It covers the legal threats I received from him and the spineless approach of other publishers that caused me to set up ShareProphets.
If you feel that Landau misled you over the value of the US assets please write to [email protected] citing your evidence and demanding that they investigate him.
If you were one of the Bulletin Board Morons who reported me to the FCA for market abuse in Red Flagging Range all the way down from 5.5p to today's 0.54p (susp) you can write to [email protected] and apologise. The Sheriff of AIM is vindicated again.
3406 days ago
Last week I revealed the curious tale of Beacon Hill Resources (BHR) chairman Justin Farr-Jones and his hairdressing pal. You can read all about it here. Shareholders in this company, shares suspended on the AIM Casino, seem unimpressed.
3416 days ago
I guess the in-tray for Laurence Moorse, the insider dealing Finance Director at Quindell (QPP), is getting to be a little on the bulging side: folks owed £180 million by the cash strapped company demanding immediate payment; letters from the FCA, letters from AIM regulation, the PWC memos on his dodgy accounting and now to add to his woes …Companies House has confirmed that its on his case.
3417 days ago
The chocolate teapots that are the SFO/FCA have prosecuted just 46 people for insider dealing and 29 have been found guilty and not one has been sent to prison. But the scale of Rob Terry’s Quindell crimes mean he should be the first. I suggest he face the maximum 7 year prison stretch and a fine of £19 million (fines can be unlimited) – the question is how many times has he dealt on inside knowledge.
We know when he made a net 7 million quid on November 5th from share sales ( which he said were buys) that he did so knowing that Canaccord had quit as joint broker – information not released to the market. That is slam dunk insider dealing.
3420 days ago
I have just had a Quindell (QPP) shareholder on the phone. Not any old shareholder but a veteran of class actions. I warn you KPMG, Rob Terry and Cenkos you are potentially in big trouble, this man is very serious and knows exactly what he is doing. Ahead of that I examine what happens next for Cenkos, Rob Terry and shareholders. It is not pretty. And I now have new questions for the FCA about the scale of Rob Terry's insider dealing.
3422 days ago
The stand in bosses of Quindell, The captains that will see the ship go under are Mr David Currie and the insider dealing Rob Fielding. Together with the insider dealing Finance Director Laurence Moorse they know that cash is well below market forecasts and that profits forecasts will not be met because there are gargantuan write-offs off goodwill and bogus revenues looming – that I proved today HERE.
In not communicating this to investors via RNS they are breaching AIM Rules and arguably committing market abuse. As such I have written today to AIM Regulation and the FCA, cc’ing in the money grabbing bastard chumps at Nomad Cenkos, requesting that Quindell make an immediate statement fessing up to its true financial position but also that Mr Currie, Mr Moorse and Mr Fielding be investigated for breaching AIM Rules and potentially also market abuse. I write:
Dear Sirs.
3422 days ago
Market abuse covers many sins but one is to give a misleading impression of the value of securities as a result of false statements. Quindell had told investors that it would achieve cash breakeven in Q3 2014. In fact it managed to beat this target thanks to a number of covert measures which hid the true picture. This is market abuse (FCA) but also a breach of AIM Rules. I have therefore written to both the FCA and AIM Regulation and cc’d in the hapless chumps at Nomad Cenkos demanding an urgent investigation. I write:
Dear Sirs.
3431 days ago
Of course this is the UK and the SFO are bloody useless just like the FCA and AIM Regulation. If this was the US there would have been a dawn raid on Quindell with arrests at homes across Hampshire give the wholesale fraud at this POS AIM casino company. However…
3433 days ago
In this BearCast Special I explain exactly how Equities First Holdings LLC operates. When it sells the shares AIM directors transfer to it and why that means that ALL of the AIM directors involved have broken the law. That is Quindell (QPP), IGAS (IGAS), Cloudbuy (CBUY), IQE (IQE) and Angle (AGL). There then follows the misleading statements. But then I turn to the negligence of Nomads, Cenkos, Canaccord and Hanson Westhouse and why that should be career ending for some. And the to why Equities First and its employees should be struck off by the FCA. This scandal is enormous and for many involved professional disgrace is the least of their worries.
3433 days ago
In response to a number of requests I have created another Quindell (QPP) downfall video featuring all your favourite characters in this gripping tale: Rob Terry, Laurence Moorse, Cenkos, Equities First Holdings LLC, Steamy, bullyboy lawyers Schillings, Canaccord, Daniel Stewart, foxy Bex at Redleaf PR, Paul Murphy and Dan McCrum from the FT, the FCA and of course the press chearleaders for the bulls, Shares Magazine and Zak Mir.
My last Quindell downfall video was recorded when the shares were 138p. You can watch it here.
The shares are now 69p.
3433 days ago
I am shitting bricks. Not. It seems that the Bulletin Board Morons are again reporting me to the FCA for market abuse because of Monday’s Quindell (QPP) Presentation HERE. The morons forget that I made a formal request to the FCA to investigate me for market abuse over Quindell weeks ago – natch I have heard nothing. But for once I support the morons in their actions and would encourage all Quindell shareholders to report me and here’s why.
3455 days ago
This should be explicit enough for all concerned. AIM Regulation IS investigating and I expect the FCA andSerious Fraud Office to be on the case too. I explain clearly how Quenron (QPP) and its bosses Laurence Moorse and Rob Terry have committed securities ( as well as accounting) fraud. If they disagree sue me and I shall see the bitchez in Court. But I rather think that Terry et al are going to end up in a rather different Court anyway. For a change, might Bulletin Board Morons rather than attacking me just try to show any factual errors in this damning expose.
3459 days ago
At the weekend I asked the FCA to investigate me for market abuse regarding Quindell as I reported here. Well what has happened so far?
Firstly I have reported Quindell (QPP) to both AIM Regulation and the FCA today for telling whoppers about the profits of Mobile Doctors and leading them to believe that a £140 million share buyback was on the way. There is more chance of me getting to shag Cheryl Cole (or whatever she is called until her next divorce) tonight than there is of such a buyback.
Our readers were polled at the weekend as to how the FCA would respond to my request. They said:
3467 days ago
An unusual bonus podcast from me today. In this bearcast I discuss the whole issue of lies and financial crime on the AIM Casino but also the abject failure of AIM Regulation and I will tomorrow be asking the FCA to formally investigate me for market abuse on Quindell. I hope that Rob Terry will also ask the FCA to investigate me.
The nuts and bolts are in today's shock Video HERE. Either I am making it up and am thus guilty of market abuse. Or it is true in which case Rob Terry and Quindell are guilty of wholesale lying and accounting fraud. The facts back me up. And so that is why I want the FCA to investigate me formally for market abuse. If it finds me not guilty as it will then it has no choice but to act against Quenron. As such I say bring it on. I want the formal investigation and I challenge Rob Terry to ask the FCA to conduct such an enquiry.
3467 days ago
It is abundantly clear that Quenron (QPP) now faces a cash crisis of monumental proportions. I am sure that the FCA is now monitoring its Regulatory capital position with extreme concern. And if you want to know what happens when this becomes an issue have a look at Daniel Stewart HERE. I flagged up earlier today, one way in which Quenron is hiding this time bomb from investors – by delaying salary payments HERE – but the other obvious way is by not paying its bills, something you would not be able to gauge from the cobblers in its trading statement of Monday. But poster TurboMubcher has the data and puts it into context for you in an excellent post:
Do I get a thumbs up for the Dun & Bradstreet lead, T-Dubya?! ;)
3468 days ago
And so Quindell Legal Services, the biggest part of the Quenron Group (QPP) has filed its accounts. Also of interest is the fact that it filed two annual returns for last year. Would Quindell care to deny that it had a spot of bother with its capital adequacy forms filled in with the FCA? That might explain a few of the red flags but not all.
The first thing to note is that Companies House stamps the accounts for calendar 2013 as received on October 1st. that is a £150 fine for Quenron. It is small beer although it is good that someone is making money from the company. But it is indicative of a badly run enterprise.
I note also that KPMG – which earned £60,000 for compiling this document that contradicts itself – did not actually attach a signature to its sign off.
3468 days ago
The Quenron (QPP) subsidiary accounts are now landing thick and fast at Companies House and I am ploughing through them but have unearthed the stinkiest yet – Compass Costs. The numbers stated are different in different places, there is revenue missing and there is a curious dividend paid. It stinks to high heaven and since Compass is part of an FCA regulated entity (Quindell Legal Services of which more later) this is certain to attract FCA attention.
Compass Costs was, according to the Quenron RNS, bought on April 2 2013 and is “one of the UK's leading legal costs consultancy and costs drafting firms.” The consideration was 80 million shares which according to Quenron was worth £14 million since the agreed price per share was 17.5p. This was, of course, bollocks as the share price then was 8.7p so the real price paid was £7 million. But remember those two numbers 14 and 7.
3470 days ago
This morning I have written to the FCA asking it to investigate whether the allegations I made on 13th October 2014 regarding Quindell PLC (QPP) constitute market abuse. The allegations are the most serious I can make, that Quenron has committed wholesale accounting fraud and has lied to investors via RNS. If the allegations are not true I have committed market abuse. As it happens they are 100% verifiable and I have not seen one person show why they are not. That is because they are verifiably true. The video of my presentation making these allegations is HERE. The letter to the FCA explains why I have made this request and reads:
3480 days ago
Yesterday we revealed that while Daniel Stewart (DAN) does not have enough regulatory capital to operate as an FCA authorised firm it has enough capital to plan a lavish Champagne Christmas party (where’s my invite?) HERE. But it gets worse. Much worse. This is crony capitalism in a nutshell.
All FCA firms must file quarterly returns on Reg cap. Yet this shortfall was only flagged up by new auditors in September. When did the shortfall arise? Were prior quarterly returns inaccurate? Who has been fired?
Why does Daniel Stewart not have enough capital (i.e. cash)? Because it is run as a firm for the benefit of Chairman Peter Shea, fuck the shareholders. As such I draw your attention to the 2013 accounts. In that year Mr Shea took a salary of £170,000 plus a subsidiary (DS Leasing) paid 312,000 to the Daniel Stewart Partnership which is in fact a partnership of which the beneficial owner is …Peter Shea. So in a bad year for DS PLC Shea took out £182,000. Contracts that with 2012 which was a good year for the PLC. In that year Shea took out £457,411 (including the £12,000 to the “partnership”.
That is the way it works. In a bad year
3484 days ago
One of the joys of being a Bulletin Board Moron is that you and your pals can attack me – rather than asking Rob Terry about the TMC Southern Panama Pump - in two 100% contradictory ways. Yesterday saw a classic, but it kind of reminded me that running a business is not 100% about the bottom line.
The usual Bulletin Board Moron contradictory attack is to say “TW is just a failed fund manager, crap tipster, deranged and unhinged and bitter man so no =one pays any attention to what he says.” There then follows a long discussion (ignoring the actual facts about my tipping record and accusing me of tipping stocks I have never written about) and then moving onto my latest article how it has hit the share price and how I need to be reported to the FCA. So while everyone ignores me because I am crap, I am responsible for the share price tanking. Er….. For someone who believes that 2+2 can = 5 I guess that those statements are not contradictory.
Yesterday’s two pronged attack started with a post here from some cretin
3518 days ago
Unusually among UK watchdogs and regulators the Financial Reporting Council is NOT a chocolate teapot. It has teeth. It will use them. And it will happily work with other agencies such as the FCA if they need to be drawn in. It is there to monitor accounts of all UK listed companies. I have today asked it to formally review the accounts of Quindell (QPP). The letter follows.
3533 days ago
I have today written to the AIM Regulation team and to the FCA urging both bodies to investigate whether Quindell PLC (QPP) has defrauded its shareholders by paying large sums to buy either companies that have failed to generate any cash for Quindell (indeed they have burned it) or companies that were worthless shelf companies from mates of Quindell founder Rob Terry. Bulletin Board Morons might not like this but it is their company and their cash (as owners of the company) that has been spent and this needs to be formally investigated.
The Letter Reads:
3545 days ago
As I expected the FCA has today rejected my Freedom of Information Request to discover why Quindell failed to make it off the AIM Cesspit and onto the main market. But look at its reasoning. Ooooh er missus…
The letter from the FCA Reads:
Freedom of Information: Right to know request
We refer to your request under the Freedom of Information Act 2000 (“the Act”), for information as follows :
“… ALL the reasons for the failed application and hereby under FOI request that you publish or send to me a full copy of the UKLA rejection letter sent to Quindell PLC on or about 11th June 2014”
Your request has now been considered.
3552 days ago
Over the weekend I described another glaring failure by the FCA/FSA which has cost 325 investors £25 million. I am told by a, normally sensible, fellow in the comments section that the answer is to give the FCA more money and more resource. How 100% wrong can you be?
Not being a bottom-line worrying member of the private sector, but a branch of the State, the FCA/FSA has a pretty dismal track record when it comes to sensible resource allocation as it is. Just do a google search for Christmas parties, payoffs for failure, average wages, etc. and you will see that this body is just as wasteful as other branches of Government. Give it an extra £100 and it will piss away most of it.
The second issue
3553 days ago
Quindell (QPP) has steadfastly refused to give ALL of the reasons why the UKLA refused to allow it to move off the AIM Cesspit – where it belongs – and onto the main market. It cited one clause of the listing rules as being “particularly” to blame but will just not say what all the reasons were. And so I submitted a Freedom of Information request to the FCA weeks ago. That was acknowledged then in a standard way.
I had expected this to be rejected but lo and behold I have just received an update email stating that it is “being considered” and apologising for delay but stating that I would get a decision “shortly.” I still expect a rejection in the end but there must now be a chance that I shall soon be publishing the reasons for the rejection in full. Oh goodie goodie…that will be fun.
Meanwhile
3553 days ago
Fund Manager Robin Christie was arrested earlier this year and this week, I am led to believe, the Crown Prosecution Service will decide what charges to press against him. Meanwhile around £25 million invested in funds he created has disappeared. The cash was supplied by IFAs and it is not clear yet whether all ultimate investors know what has happened. The real red faces are round at the FCA which (under its previous guise as the FSA) visited Christie in 2009 and gave him a clean bill of health.
Christie’s funds at Propertybourse based in the Channel Islands invested in German and Tuscan real estate. He also established the Campbell Property Student Accommodation Investment Fund (Birmingham) LP. You would have thought that investing in Birmingham real estate over the past three years was a nil brainer but er…it was last month revealed to be worthless.
It
3568 days ago
Shorters, or bear raiders, are vilified by the ignorant as destroyers of wealth and of jobs. Some folks want shorting banned. They are wrong. The only people who benefit from banning shorting are crooks, liars and frauds. Capitalism needs shorters for it to work efficiently. Here’s why.
Let me ask you to point out how many PLCs the FCA or before it the FSA ever called out for fraud and had suspended? Er…zippo. The Regulator is a box ticker, an agency of Government and thus, by definition, useless. It would argue that its job is not to seek out fraud but to act on it when shown evidence. That might just be a defence but you then ask who will seek out fraud and thus present the authorities with that evidence?
Occasionally you have a kind hearted soul such as myself who does just that. But the reality is that spending months and months researching a company really is not going to make you rich. The ShareProphets operation generates enough revenue to allow me to spend some time doing such work but I could not afford to do it full time.
And thus the only folks who are going to have enough of a financial incentive to do such work are those in the bear raiding community. It took Gotham City many months to prove up its dossier against Spanish fraud Gowex. Now I know that Daniel Yu gets an intellectual kick
3587 days ago
This article on Quindell (QPP) should be self-explanatory. I have this morning made a Freedom of Information Request to the FCA/UKLA regarding the failed attempt by Quindell (QPP) to make it onto the main list and off the AIM Cesspit. The reasons given for the failure in the RNS of 11th June and the AGM Q&A on 19th June 2014 seem to differ. I would like this matter cleared up once and for all and argue that it is in the public interest that it should be.
My request submitted today reads:
3587 days ago
The rules of AIM are pretty simple and are based on the underlying principle that you cannot tell a blatant lie to investors. To do so is arguably market abuse and it is certainly a breach of AIM rules. If the AIM Cesspit is to have any credibility those who break the rules must be punished and punished publicly. I have therefore written this morning to both the FCA and to AIM Regulation asking both to launch an urgent investigation into both Quindell PLC (QPP) and its Nomad Cenkos after today’s PT healthcare RNS farce/lie.
The letter follows.
Dear Sirs.
As a great supporter of the work you do to retain the high standing of the AIM casino I feel duty bound to bring to your attention the activities of Quindell PLC and its Nomad Cenkos. To issue statements via RNS or in an annual report which are not true
3589 days ago
Post the report from Gotham City on Quindell (QPP) the colourful insurance come technology come country club company made great play of how it had issued a number of lawyer’s letters to those involved in what it saw as a “co-ordinated attack”. One recipient of such a letter was bear raider Evil Knievil.
Mr Knievil had not at that point spoken to Gotham and filed his letter from Quindell’s uber-expensive City lawyers in his dustbin. He has not responded. Two months later Quindell has not sent him another missive. Come on Rob Terry this is poor form.
3610 days ago
On 19th May shares in Minoan (MIN) traded at 16.375p on the AIM Cesspit. Then they started slipping and slipping and closed yesterday at 13.625p. Today a placing is announced at 12p. What do I conclude? That crony capitalists in the City are not content with buying stock at a discount but that they also engage in insider dealing. They break the law. Will the FCA do anything to stop the fuckers? What do you think?
Here is what happened. Minoan wanted to raise money for working capital and to buy bolt on Travel & Leisure businesses. It has targets and I expect news soon. It has a debt facility it can use but that has a warrant structure attached which makes it even more dilutive than a placing and so it asked its broker WH Ireland to tap up a few funds to buy stock at a discount. That process started in earnest last week.
The sort of folks
3634 days ago
Writing negative pieces about companies does not win you friends. In the past year I have enjoyed as a result: lawyers letters from companies, being sued for libel, shit posted to me in the post, death threats, stalking (yesterday), numerous complaints about me to the FCA, defamatory comments about me and my restaurant on the internet and now attempts to get ADVFN to stop me writing. Bollocks! What I do is right and in the interests of shareholders. I am not stopping. Nor will this website.
What you must first understand is the vast amounts of money that quoted companies spend on persuading investors to buy their shares. Commissioned research from Edison, Hardman, etc. is not cheap. PR firms charge up to £10,000 a month to plant positive spin in the press. Roadshows and presentations at Proactive and Oilbarrel or the recording of soft promo videos are not cheap. My guess is that between them QPP, Iofina, Globo and blinkx will have spent c£1.5 million of shareholders funds last year on trying to persuade folks to buy the shares.
Most commentators and brokers write overwhelmingly buy notes.
3642 days ago
Iofina (IOF) makes me think of the actor Richard Wilson, aka Victor Meldrew. Firstly it permanently has one foot in the grave. And secondly I just don't believe it! Its RNS statements are the biggest joke on the AIM Cesspit, a point I shall be making to AIM regulation and the FCA again this afternoon. As a reminder
3643 days ago
Over the weekend yet another employee of the Financial Regulator, the FCA, was in touch asking to link up as he enjoyed my writings, found them most educational and thought we knew many “good people” in common. Cripes the TW Fan Club at the FCA is growing apace. In view of that I have sent them an urgent request regarding Quindell Portfolio (QPP) as someone HAS to be prosecuted for market abuse and sent to prison.
Yesterday Gotham City published a 74 page dossier on Quindell. Gotham is short of the stock. Gotham makes allegations which are extreme and, if proven, would show that Rob Terry and senior Quindell execs are guilty of fraud and market abuse. At this stage I stress the words IF PROVEN.
With a market cap (before yesterday) of more than £2 billion the FCA cannot allow itself to sit on the sidelines. There are only two possible outcomes here:
3648 days ago
Back down from the Greek Mountain, my mind is deeply troubled by yesterday's events at Iofina (IOF) and I have fired off a couple of emails to my new best friends at the FCA and also to AIM regulation asking if they can assist. Meanwhile I have chatted to Lucian Miers and as a result set a (generous) target price of 10p – the shares are now 24.75p.
I first remind you of a timeline of events. On 26th and 27th of March I posted two articles HERE & HERE which, inter alia, suggested that Iofina was almost out of cash but also noted that Iodine prices had tanked and that trading must also be dire. I predicted that a profits warning was inevitable.
Yesterday, 22nd April, Iofina duly served up that warning and also stated that on 30th March cash was $2.3 million. It did not disclose what trade payables were not did it say what net cash was as at 22 April. In these days of electronic banking surely it knows what cash it has on a daily basis?
3748 days ago
On Youtube a video is unearthed of a band called “The Nutley Experience” with lead singer and guitarist Sean Nutley. Surely the bald bloke who looks like a total tosser could not be the same Sean Nutley who has coined it in at Silverdell (SID) while investors have lost everything and who misled investors so badly that he deserves a custodial sentence and a 6 figure fine from the FCA? -
3955 days ago
On 29th January the Daily Telegraph ran a piece suggesting that my pal Brokerman Dan was short of Sefton Resources (SER) and that is why he was writing bearish pieces. The source of that story which was untrue was Alex Walters who acts for Sefton as its PR man. The journalist at the Telegraph has contemporaneous notes of the conversation. The paper has now withdrawn the article and apologised to Dan for its role in this i.e. being duped.
On February 25th Sefton announced that it was suing myself and Dan for legal action but also that it had received legal advice that we had breached the Financial Services and Markets Act of 2000 and that it had reported us to the FSA. Dan obtained the letter sent by Sefton’s lawyers Pinsent Masons on 14 January using a FOI request. It took him two minutes to respond and the FCA has now confirmed to Dan that the matter is closed – he has done nothing wrong. It was a spurious and malicious complaint against him (and also me).
I have also explained to the FSA (and to Pinsent Masons) why the compliant was spurious and frankly anyone with a basic understanding of the FSMA would know why it was spurious. As such, to suggest that we had breached the FSMA in a public release was damaging and defamatory. Sefton may regard it as part of a legitimate dirty tricks campaign but I am not sure anyone else would.
Sefton Resources and its agent (Alex Walters) have clearly committed not one but two acts of libel against Dan (also myself). I hope that Sefton will issue an RNS apologising in full to myself and Dan and I’d happily drop the matter there. But I am aware that Daniel is now considering suing Sefton for libel should an apology not be forthcoming.
3976 days ago
Apologies for the tardiness of this week’s column. Half term fun and games are partly to blame. But so is a bully boy letter from a well-known City law firm which is prompting me to report myself to the FSA/FCA to ask the regulator to investigate me for market abuse. I shall report myself at the weekend knowing full well that I have not breached the Financial Services Markets Act of 2000 but I want this clarified in order to protect free speech.
Let me explain what has gone on. My memory is crystal clear. I broke a news story on a company listed on the AIM Cesspit. My source was impeccable. The story was 95% correct and when the truth was finally dragged from the company in question I wrote an immediate follow up flagging the one error (i.e. a correction). But also pointing out what an investment basket case this was. At no stage until this week did the company contact me. Indeed it declined even to return a phone call when I wanted to run one piece by it.
The company does not like me. And so this week I received a lawyers letter demanding that I remove the articles in their entirety and threatening me by saying that this is market abuse and that if I do not comply they may report me to the FCA for market abuse. You will note the aim here is not to get a correction on the one small factual error but to get a hostile article (95% of which is verifiably correct) removed in its entirety.
This is not about ensuring fair reporting it is an attack on free speech. It is the rich and powerful trying to suppress hostile or embarrassing material.
