111 days ago
An outfit called Brevarthan Research has today posted 10 Questions for Grant Thornton or any successor auditor to Victoria (VCP).Anyone owning shares in this carpets rollout has been warned by myself and Lucian Miers often enough. But now holding on is sheer financial mascochism. Brevarathan writes:
117 days ago
There has been no RNS but i am told it has happened so I discuss all matters Victoria (VCP) in detail. I also look at Alpha Growth (ALGW), reported to the FRC today, Tintra (TNT) to be reported tomorrow and to the FCA as well, Vast Resources (VAST), Ben’s Creek (BEN), Horizonte Minerals (HZM), Imperial Brands (IMB), Chill Brands (CHLL), HS2 and my date tomorrow with the Cheshire Filth.
733 days ago
Long term Michael Masterman AIM dog W Resources (WRES) has announced that its Nomad Grant Thornton and its joint brokers Alternative Resource Capital and Shard Capital have all resigned with immediate effect. The question is: did they resign or were they resigned?
798 days ago
On 4 February as Grant Thorton’s resignation as auditor to DX Group (DX.) becuase of corporate malpractice was announced the company said that “The Board intends to provide further commentary to shareholders on the Reasons and to provide an update on the progress made with the Inquiry. Further updates will be made in due course.” In fact it seems that its intent is not to tell folks what is going on but to stop folks knowing what great corporate sin has occurred. DX has written to its shgareholders enclosing Grant Thornton’s resignation letter as you can see below.
944 days ago
Stonewall used to be such a wonderful organisation when LGB folks really did someone battling for their right to equal status. But, happily, that battle is almost won and so Stonewall needs a new cause and that cause is the battle for transgender rights. Its kudos from previous fights means that it earns a fortune from Government doing “LGBT equality audits” and departments so woke this is utterly pointless. And virtue signalling PLCs also sign up for these audits and then boast of how woke they are. So accountants Grant Thornton may have been fined £4 million (too little) yesterday for enabling the patisserie holdings fraud with its slack work but at least it moved 153 places up the Stonewall rankings last year. Hooray. Pay rises all round!
944 days ago
Nobody doubts that Patisserie Holdings (CAKE) was a fraud and it was a spottable one. This website expressed its professional scepticism about how sales were surging while footfall in the malls where patisserie outlets were sited were collapsing. Others questioned how a company claiming huge cash balances has almost no net interest income. Yet Grant Thornton lead by partner David Newstead signed off on its accounts for the years to September 30 2015, 2016 and 2017 without question. They were sheer fiction.
1076 days ago
No Rogue bloggers training walk today but I had an excuse so please donate HERE anyway. Then back to Patisserie Holdings (CAKE) and more whining from a failed auditor.
1254 days ago
I start with Christmas presents. Today I started to panic and will really pull my finger out tomorrow. Then onto news that the administrators of Patisserie Holdings (CAKE) chaired by my pal lucky Luke Johnson is to sue aufitors Grant Thornton over the fraudulent accounts it sign off on. This might see Lucky getting a windfall. Or rather a bit of his cash back. I discuss the whole affair
2099 days ago
Globo (GBO) was a fraud which claimed to have cash but did not and is now bust. Its downfall was precipitated by ShareProphets publishing a Gabriel Grego dossier after the FT and snot-gobbler Dan McCrum merely tipped off the CEO allowing him to dump all his shares and failed to publish. Now the Financial Reporting Council says that it is letting auditor Grant Thornton off the hook and dropping its enquiry.
2665 days ago
With shares in the AIM listed fraud Cloudtag (CTAG) having slumped from a peak of 25p to c7p there are already many investors who have lost money. Over the next few months as the share price dwindles towards zero there will be legions more. But help may be at hand from Grant Thornton's fraud insolvency and recovery team.
2985 days ago
Oh dear it looks as if another China fraud is set to be marched off to the AIM casino death row this weeked ahead of a formal execution in one month. Auhua Clean Energy (ACE) has until Sunday night to find a new Nomad following the resignation of Grant Thornton a month ago. And quelle surprise....
3009 days ago
On Friday, China fraud Auhua (ACE) announced that its nomad, Grant Thornton, was quitting as at 29 February but it said it was talking to other Nomads. Perhaps anyone happy to represent a China fraud might start its due diligence by asking where Auhua's Chinese website had gone?
3012 days ago
We have warned you often enough that China AIM Norfolk Auhua Clean Energy (ACE) was just not fit for purpose and today its Nomad Grant Thornton has give it one month's notice that it will quit... Auhua says it is talking to another Nomad, yeah right...
3143 days ago
Of the Filthy 40 China stocks listed on AIM on June 1 2014 or listed since, ten have already been booted off the Casino while shares in four are suspended. Of those three are suspended as the Nomad has quit. They sit on Death Row and the first execution, expulsion from AIM, is scheduled for tonight.
It was Grant Thornton that quit as Nomad for Global Market Group (GMC). It floated at 130p in June 2012 at 130p. Its shares were suspended at 20p-80p. Boy that is a spread and a half. It has since announced
3178 days ago
There are two very interesting firings today of Nomads. First Teathers Financial (TEA) has binned Roland “fatty” Cornish moving to Grant Thornton and secondly Quindell (QPP) has canned Cenkos (CNK), moving to Peel Hunt.
