IFRS 3

90 days ago

Sundae Bar Results – Accounting Blunders in AIM Prospectus and Audited accounts for the year ended 30 September 2025, it’s off to the FRC I go!

In my earlier article today on Sundae Bar (SBAR) I looked at just how awful the results wereand why the company was heading for a cash crisis soon. Now to a series of accounting blunders which will see me heading to both my good pals at the Financial Reporting Council but also to the Oxymorons at AIM Regulation.

2574 days ago

Diversified Gas & Oil - over to PWC to explain why its accounts must be restated

As I noted in my earlier bonus bearcast, Diversified Gas & Oil (DGOC) or its agents at Cenkos, Stifel and Mirabaud are almost certainly briefing the dumb fucker insitutions who own this stock that I do not understand IFRS 3 and so my claim that its accounts grotesquely overstate “profits” and must all be restated are hogwash. Au contraire…I now refer you to PWC.

2575 days ago

Diversified Gas & Oil Reported to FRC – IFRS 3 why its accounts are a joke and need mammoth restatement

Yesterday I highlighted the numerous issues which make Diversified  Gas & Oil (DCOG) the most overvalued oil stock on AIM.  The crux of the issue is that its freported profits since IPO have been generated almost entirely from aggressive accounting as opposed to producing hydrocarbons. I believe its accounts breach IFRS 3 and must therefore be completely restated which will wipe out nearly all of its retained profits. Let me explain.