555 days ago
Time and time again I warned on this website that Appbox Media and OneTrueView were boiler room scams. In all £65 million was stolen from investors who have lost everything. I did contact the FCA about this matter and in May this year, Mark Steward Executive Director, Enforcement and Market Oversight finally replied. He washed his hands of the matter which is good news for the chaps involved as they are at it again! Maybe they can take the total stealings to £100 million while the FCA sleeps.
687 days ago
It is just two days until Rogue Bloggers, and we have raised more than £20,000 (with gift aid). Let’s try and reach £25,000. I discuss rain, nettles and the inevitable pain on Saturday. Please donate, HERE. Then, the twit of the day contest: Boris v Harry of Kefi (KEFI) v Mark Steward, who has disgraced himself on Genflow (GENF). I then discuss Nostra Terra (NTOG) (praise be the lord), with a target price of 0p; the fraud, Supply@ME Capital (SYME); another Steward screw-up; and ITM Power (ITM).
725 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.
783 days ago
With Chill Brands (CHLL) the only question is when the end game is played out. In this podcast I discuss the nature of fraud and suggest how it is possible that the company is a 100/100 fraud on the spectrum of crime becuase it may have committed a pig and pork type fraud for c£1 million. This podcast has gone to Mark Steward and his team at the FCA asking that it makes an urgent enquiry and if the answer is yes it is suspension and game over. If the FCA is as useless as ever the auditors will cry fowl in the summer and it is game over then. But i am 99% sure that this is a pig and pork and I believe the smoking gun is there for all to see.
783 days ago
I last wrote to the FCA as regulator, no sniggering at the back, of the Standard List, about the almost insolvent fraud that is Chill Brands (CHLL) on 31 January, just five weeks ago when for a second time I flagged up how it was deceiving investors with sales announcements that are bogus. Npw it is a 3rd strike on this count and the FCA needs to suspend trading in Chill shares pending an enquiry and sanctions against its management team and advisers Allenby. I have gone to the head of enforcement Mark Steward with the letter below.
967 days ago
I have, this morning, written to the FCA asking it to explain its failure to act on specific information provided to it on January 29 2021 about fraudulent accounting at Supply@ME Capital (SYME). Its failure to act meant that investors were deceived. This failure is one of so many and demonstrates just how useless the FCA has become. It went to the same folks in Market Integrity, including boss Mark Steward, who received the January 29 missive and acknowledged its receipt. It reads:
1147 days ago
At 3.09 PM yesterday, 9th March 2021, after five weeks of making enquiries into the £180 million fraud that is Supply@ME Capital (SYME), the – already under fire – FCA allowed a resumption in trading of Supply shares. It did not have to. It should not have done so and when Supply goes bust the letter below, to the Director of Enforcement, no sniggering at the back please, Mr Mark Steward should be on record as further evidence of how the regulator, again no sniggering at the back, is just not fit for purpose.
1197 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.
1757 days ago
On July 1 we revealed that having raised cash in a placing he said was not needed just a few days prior at 10p a few months ago, David Sefton was trying to raise £9 million more at c5p for AIM promote Anglo African Oil & Gas, HERE. By Wednesday we exposed the undeclared related party company screwing nature of that fund raise HERE. On Thursday we flagged up that the placing part of the fund raise was in trouble HERE. Now on day seven of the David Sefton P45 watch I have written to Mark Steward at the FCA demanding he act. The letter follows….
2315 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.
