3037 days ago
We have featured a range of total wrong'uns on these pages during 2015 but who do you think was the biggest stockmarket villain of the year? Rob Terry for the Quindell fraud but also for his Knob Park antics at Imaginatik and Daniel Cesspit or was he the 2014 villain? David Lenigas for the fiasco at Lenigas Cuba and the disgraceful antics of Afriag as well as the Horse Hill fiasco? Peter Landau for finally getting his comeuppance? Criminal and liar Chris Oil who surely gets his collar felt in 2016? Naibu's Houyan Lin? What about Costis from Globo? The AIM Casino short list is in fact a depressingly long list but you can vote from the dirty dozen I have shortlisted below. Deadline midnight 3rd January.
3204 days ago
Naibu (NBU) was a fraud from the day it joined the AIM Casino in April 2012 thanks to disgraced Daniel Stewart (DAN) but a careful analysis of the subsidiary accounts of the City Crony Capitalists shows the stink is even worse than we imagined.
We demonstrated that Naibu was a fraud from pre IPO on a number of occasions but notably when exposing the undeclared criminal record of CEO Houyan Lin (HERE) and also the undeclared debts on the balance sheet (HERE) In fact the whole company was a fraud from top to bottom which is why CEO Houyan Lin has been in prison since November last year (not that Daniel Stewart warned investors) and why the shares have now been booted off the casino altogether.
The Daniel Cesspit subsidiary
3321 days ago
I mentioned this in BearCast and it is just a bit of fun. Shares in Naibu remain suspended as the CEO of that fraud Mr Houyan Lin languishes in a China gaol cell. So which will the be the next China AIM stock to be suspended for whatever reason - natch fraud is the most likely reason, Vote now, results tomorrow
3325 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.
3338 days ago
I am delighted to see that 85% of shareholders in rangers FC (RFC) voted at the EGM to boot out the Ashley patsies and vote on the Dave King slate as directors. But there remain a series of questions about the club’s future on AIM and also about the behaviour of disgraced advisers WH Ireland and Newgate Communications.
King himself has not taken a seat on the board but instead Douglas Park has joined along with the other new boys Paul Murray and John Gilligan. The old board indicated that AIM might have issues with King given his colourful past and I guess he has side stepped that and so there is now np reason AIM can object to Rangers staying on the Casino.
All that it needs to do is to find a Nominated Advisor (Nomad) to replace WH Ireland – the employer of disgraced China fraud specialist Paul Shackleton – which quit two days before the EGM. That should not be an issue.
Most Nomads will represent anyone for a fee. After all Paul Shackleton was happy to represent Naibu (NBU) even though its CEO was languishing in gaol although he did not feel the need to inform investors. Shackleton was well aware that the Naibu CEO had a criminal record but again was happy to take Naibu’s money. Quite why Mr Shackleton regards Dave King as worse than Houyan Lin of Naibu escapes me but then perhaps the fact that Naibu had paid his employer £750,000 in two years swayed his opinion. But I guess Shackleton would not be of interest to Rangers.
But
3344 days ago
I revealed yesterday how Houyan Lin of Naibu (NBU) has been rotting in prison since November 2014 yet his AIM casino shares carried on trading till January 9 2015 and there has been no RNS. Despite this – as I revealed a week or two back, AIM is working to get more China companies to list on the casino. Think again fools, now I can tell you about a second AIM CEO from China who has been arrested.
If you are a shareholder in Camkids, Jiasen or China Chaintek (with Naibu, the Fujian four) you might be wetting your pants right now. Fear not, your bosses have not been arrested. Yet. But you are bonkers hanging onto the shares until those Norfolks unravel.
So who is under arrest now? It is Li Yuanqing formerly the boss of AIM listed Qihang (EBIV).
3345 days ago
Doug Ware of Worthington tried to bully me into not exposing his company as a top to bottom fraud with letters from his ninth rate lawyer, smears on his corporate website and by calling in the Police. Doug you picked on the wrong man. Folks round at Daniel Stewart threatened to beat me up partly because of what I wrote about Houyan Lin, Naibu and the other Daniel Stewart China frauds. They picked on the wrong man too. And so here's a song for you both and for Rob Terry of Quenron who played the same game. And for all the Bulletin Board Morons out there who smear, harass and threaten me.
Hat tip to reader (JPS) for this selection, in the words of another guy who was born a rebel (ie in Dixie in his case) and is called Tom...
3352 days ago
On Wednesday a reader sent me a photo of a Greek statue with caption perhaps intended for Mr Doug Ware, the CEO of Worthington. I wonder how Mr Ware is getting on consulting with Houyan Lin of Naibu, Rob Terry of Quindell and JimmyLiar Ellerton of Sefton who ran other companies I attacked to see how they can deal with The Sheriff? I gather Jimmy Liar has a nice mansion in Hawaii – paid for by Sefton Shareholders (minus 99.99%) – perhaps they could all meet up there. Anyhow I asked you if you could supply an even better caption for the photo below.
3354 days ago
How is Doug Ware of Worthington getting on consoluting with Houyan Lin of Naibu, Rob Terry of Quindell and JimmyLiar Ellerton of Sefton who ran other companies I attacked to see how they can deal with The Sheriff? Perhaps they should all meet up in Fujian to see how they can wield the "sword of truth" together? Despite Doug's best efforts to get The Old Bill onto me I have made it to Greece. I knew that the false passport that Mossad provided as we jointly organised the global shorting conspiracy would come in handy one day.
Meanwhile a reader has sent in a picture just for Mr Ware to which he has already added a suitable caption. It is Greek themed
3383 days ago
Shares in the fraud Naibu (NBU) were finally suspended on the AIM casino on 9 January 2015 after the NEDS woke up and requested clarification of the financial position of a company claiming to be cash generative and drowning in cash. How long does it take to check this out? What next?
Having shown conclusively that Naibu CEO Houyan Lin had form as a felon HERE I am in little doubt as to the outcome. But what is taking Naibu so long? A letter to its Nomad, big Ray Zimmerman of ZAI Corporate Finance, follows. When Naibu ‘fesses up the questions start for Camkids (CAMK) and China Chaintek (CTEK).
3506 days ago
Shares in China fraud Naibu (NBU) bounced to 27p at the tail of the week. That is a dead cat bounce. This is a fraud and the shares are worth 0p. But the episode shows just why regulation on the AIM Casino is such a total joke.
On Thursday I showed you evidence from the Chinese press which was damning as to the integrity of Naibu CEO Houyan Lin – see HERE. On ANY other stockmarket in the Western world or on the HK Exchange Naibu would have been forced to put out a statement at once either saying “this is untrue” or “this is true.” If it was the latter Mr Lin would have broken AIM rules and either he or Naibu would have had to go.
3506 days ago
Giles Elliot, the non-exec deputy chairman of AIM listed China fraud Naibu (NBU) strikes me as a good and thoroughly honourable man. But he has been made to look like an utter fool by CEO Houyan Lin and I ask Giles when is he planning to quit?
In light of my revelations HERE of this weekend Giles must know he has been taken for a monumental ride and through no fault of his own to make look like a right Charlie.
3507 days ago
Shares in Naibu (NBU), the AIM Cesspit posterboy Chinese company that claims to make sports shoes are off 30% today at 35p. You cannot say that I have not warned you that this is an outright Norfolk and interims today make that clear. The target price is 0p.
Before we deal with the interims I want you to note that CEO Houyan Lin elected to take his final dividend in shares not cash. That he did so was information that had to be dragged out of hapless Nomad Daniel Stewart (the company that listed Quenron as well as Naibu) – it knew this on 15 August but failed to tell investors until 10 September.
The scrip dividend was at a price of 64.8p. The market price at election time was sub 50p and Mr Lin knew when electing that interims would be dire and see the share price crater. So why did he take shares not cash (which he could have used to buy shares much cheaper in the market)? Because this is a Norfolk and today’s interims make that clear.
The headline numbers look great.
