949 days ago
I start with one big story, the Stagecoach (SGC) & National Express (NEX) bid talks. The other big story is the word “bird” being dubbed sexist at an insane Barclays (BARC) employment tribunal which I cover HERE. I also look at Versarien (VRS) ahead of its AGM, Chill Brands (CHLL) ahead of its AGM and at regulatory issues for Eurasia (EUA) and Deepverge (DVRG) where the wrongdoing is as plain as day.
1188 days ago
You member Rutherford (RUTH), the company listed on NEX, now Aquis, on a bonkers valuation with Neil Woodford opting to put cash in at a far higher price than was needed so his funds could cut their unquoted holdings and book gains on earlier investments so earning more management fees for the disgraced multi millionaire fund manager? Yes that one. It is still going but it seems to have burned its way through all of Woodford’s investors cash and some…
1602 days ago
Even half way up a mountain in rural Greece, news reaches me that the spoof that is the Vox Markets NEX Lobster Pot IPO following the collapse of the merger with Align, looks to be devolving from the sublime into the ridiculous. NEX is a great place to list if you want to lie to investors but not if you are expecting any liquidity at all in your shares.
1647 days ago
On 24 October 2018 the star of the NEX lobster pot, wine producer Chapel Down (CDGP) issued a formal update on what was a cracking 2018 harvest. Will 2019 be so good, er..
1656 days ago
The IPO of Rutherford International (RUTH), formerly Proton Partners, only happened because Neil Woodford was prepared to commit £100 million of other folks cash to it on a ludicrous valuation. That move increased the management fees he banked materially but will cost his investors a packet as I explained, again, in bearcast earlier. But now Rutherford is utterly fecked by Woodford’s firing by EIF and needs to issue an RNS asap.
1660 days ago
Yesterday it was announced that the proposed purchase by NEX listed PGC Entertainment (PGCE) of Richard Jennings’ Align Research and Martin Luke’s Vox markets had fallen through. The blame was laid fully at the door of Jennings . But is this fair? There are two sides to every story and the other side appears shocking. If bad language offends do not read on.
1680 days ago
Gamfook was a Jersey Registered China play. That is always a good sign it was a fraud. It listed on the NEX lobster pot on Christmas Eve 2018 with Daniel Stewart, a firm with a fine history of floating frauds both British (Quindell) but also Chinese. The tale of what happened next is a scandal.
1757 days ago
The NEX Lobster pot has new owners and comical David “100 billion barrels of oil” Lenigas has welcomed this on the grounds that the new bosses may ban short selling on the lobster pot. Natch this is total bollocks.
1757 days ago
I start with a few words on The Guardian’s obituary of Uncle Chris. I look at the deliberate spoof and placing at Mirriad (MIRI) answer your questions on Kefi (KEFI) look at the NEX lobster pot with its new owners and finally return to Anglo African Oil & Gas (AAOG) where a statement about THIS is needed ASAP
1786 days ago
I have flagged up repeatedly that one almighty headache for Neil Woodford is that NEX lobster pot listed joke company Proton Partners International (PPI) has a legally binding right to demand up to £70 million in equity investment from Nei Woodford’s funds. Given that its shares have traded once in the 3 and a half months since its scandalous IPO this is a real nightmare. At 5PM today we learned Proton has called Woodford for £25 million…questions, questions…
1824 days ago
The administrators first report on the late lamented Daniel Stewart (DAN) is out and is published below. Red faces all round and a bit of a £50,000 question for NEX listed China POS Gamfook.
1888 days ago
Eight days ago Neil Woodford’s PR spinners told their gophers in the lacky corrupt press, aka Peter Evans and Sabah Meddings of the Sunday Times to write a big puff piece about how Neil Woodford’ backed Proton Partners was planning to raise £50 million and list on the NEX lobster pot. It has not taken long for that fake news to be exposed, as no investors other than Woodford himself have been prepared to back this IPO – something revealed in the prospectus out today.
1895 days ago
The Sunday Times “reveals” ( i.e. is told by Neil Woodford’s PR spinners) that his Proton Partners , proton beam centre operator, is planning a £320 million IPO and hoping to raise £50 million on, o-f all places, the NEX Lobster pot. This is a spoof but the deadwood press ( step forward Peter Evans and Sabah Meddings) are happy to assist the great one.
2193 days ago
First Sentinel (NEX:FSEN) is a NEX Markets listed financial services firm and its founder and CEO is Brian Stockbridge who presents in the video below. Enjoy.
2238 days ago
Back in 2011 shares in IMC Exploration (IMCP) were 15p. Today they are 1p-1.75p but they should be 0p. Alan Green has been paid to ramp this stock without declaring his pay - as per Andalas last week - by serial liar Liam McGrattan of US Oil & Gas, TeknoMining and Great Western Mining infamy. But you cant's polish a turd. Today's interims are a hoot. FFS this NEX listed company is near as damn it bust. It should be insolvent by the end of May.
2364 days ago
On 25 October the fraud African Potash (AFPO), now listed on the NEX lobster pot having been slung off AIM, managed to raise £60,000 gross (call it £45,00 net) at just 0.06p to keep the lights on. It is still drowning in liabilities and clearly insolvent. Hey ho, wind forward 12 days to today....
2380 days ago
At no-one is watching O'Clock on Friday the insolvent fraud African Potash (AFPO) issued three announcements one of which is that its shares will re-start trading on the NEX lobster pot. This is the return of the living dead. I examine those releases which show that Potash is insolvent as well as a company that lies routinely and commits fraud. It is worthless but what does this say about NEX Markets too?
2614 days ago
I have not been terribly complimentary about NEX listed Afriag (AFRI) but you need a heart of stone not to go aaaaaagh at this photo and act of kindness below. Over to the SA press which reports:
2616 days ago
This smells all wrong. Shares in African Potash trade (AFPO) trade at 0.02-0.04p on the NEX lobster pot after being booted off AIM. Since January 9 there have been just 23 trades of which only 2 have been at more than 0.045p. In February there have been seven trades and the most recent to sell have been at just 0.021p. Yet today the company has raised money at 0.045p. Who is that mad?:
2620 days ago
In its annual report published at no-one is watching O'Clock in the Christmas break, the FRAUD African Potash (AFPO) was forced to include a statement that it needed to raise £600,000 of fresh equity if it was to last 12 months. I should cocoa. The shares are now on the NEX lobster pit and the last trade was eight days ago. Illiquid or what. And as you can see the spread is now 2 one hundredths of a penny which is also the bid price.
2643 days ago
If you want to sell shares in the fraud African Potash (AFPO) now on the NEX lobster pot, you will now get 0.03p. So the shares are now more than 99% down from the peak. So what news on trying to sue the board or the advisers at Cantor Fitzgerald to get your cash back?
2643 days ago
Did it jump or was it pushed? ShareProphets AIM-China Filthy Forty posterboy Jiasen (JSI), one of the Fujian four, has announced this morning that it is proposing to delist from AIM and move instead to NEX (the lobster-pot formerly known as ISDX) - just when we thought that the race to AIM departure #24 from the Filthy Forty was down to a two-horse race between Asian Citrus (ACHL)and MoneySwap (SWAP). Jiasen also announced the departure of a NED with effect from the end of February.
2664 days ago
Send Tom Winnifrith a fascist lawyers letter as the fraud African Potash (AFPO) did on September 1 and your fate is sealed. Today African Potash was formally booted off AIM. Now it will fail to raise cash on NEX (formerly ISDX) and will go bust soon. Lyin' Chris Cleverley meet Karma. Ain't she sweet? Amazingly there are still some people out there on the Bulletin boards who think its all my fault and Lyin' Chris runs a great British Company. Whatever. In that vein please nominate the most moronic Bulletin Board or twitter comment you can find in the comments section by midnight on Sunday 15th January. Have fun!
2665 days ago
For what it is worth there was an announcement yesterday from FTSE stating that African Potash (AFPO) shares will be delisted from the start of trading on 11 January (next Wednesday). Potash has not confirmed this but it looks like it is game over. It cannot refinance while listed on NEX (ISDX) so it will go bust soon. Legal redress can follow but we can now start to piece together a few fascinating dates from three months ago.
2666 days ago
The fraud African Potash (AFPO) has until 7 January ( saturday) to find a new Nomad or its shares get booted off the AIM casino first thing Monday. On the ISDX lobster pot (now known as the NEX lobster pot) it can't get a placing away - for reasons explained in this podcast - so it will be tits up within weeks. That has implications for Blenheim Natural Resources (BNR). Jamie Oliver is blaming Brexit as he shuts six of his over-priced branded eateries. But he is just another celeb tosser don't you think? I look at the real macro headwinds the UK faces. There is comment on Crawshaw (CRAW) and then a very detailed review of Lombard Risk Management (LRM) which is, I reckon a car crash in waiting.
2669 days ago
African Potash stated in its annual report that on the ISDX (now called NEX) lobster pot it might be more difficult to raise money than on the AIM casino. I should cocoa. The last trade was on December 29. Liquidity is just nil and the 0.05p offer prize only applies if you want to sell peanuts amounts. If you invested in this fraud just accept that your shares are now worthless as it cannot get awaqy the £600,000 placing it dsays that it needs to survive. So Potash is going to go bust soon. But your cash might not be lost. There is a small chance.
