45 days ago
My cat looked at these results and did the maths: Cellular Goods (CBX) will run out of cash within six months. Yet PKF Littlejohn has said there is no material uncertainty. That is just bollocks and I shall be flagging this up with the Financial Reporting Council.
62 days ago
I start with an update on the Greek Hovel olive harvest. Then I look at Online Blockchain (OBC), musicMagpie (MMAG), Helium One (HE1), Ben’s Creek (BEN), Supply@ME Capital (SYME), Regtech Open (RTOP) and the failings of PKF Littlejohn and the FCA
108 days ago
Oh dear, oh dear. Life was so much easier for Andrew Monk when he was getting a lower second in name dropping at Oriel College Oxford. Yesterday afternoon came grim news from Caracal Gold (GCAT): PKF LittleJohn will not be signing off on it annual accounts on time so the shares will be suspended on November 1. The real issue is why they are not suspended already “pending clarification.”
202 days ago
My good pals at the accounting regulator FRC have acted against numerous companies and enablers who I have snitched on. Next up I hope are the enablers of the utterly dodgy Regtech Open IPO of last week. I have written to the FRC.
202 days ago
The auditors to Regtech Open (RTOP) which IPO’d on the Standard List on Friday is PKF Littlejohn where partner Joseph Baulf masterminded the transaction. I have written to Mr Baulf today to flag up his schoolboy errors and that I shall be reporting him and his firm to my good pals at the FRC later this bank holiday weekend.
654 days ago
Shareprophets has previously raised criticism of Alpha Growth’s (ALGW) accounting high jinks HERE. But it gets worse. Far worse. And once again it is PKF Littlejohn as auditors which is enabling this travesty of accounting propriety.
655 days ago
In today’s Bearcast I reflect on why it is important to report Eight Capital Partners (ECP) but, more importantly PKF Littlejohn, to the FRC as I have done today. I look at why I don’t look at Direct Line Insurance (DLG), then consider Tortilla Mexican Grill (MEX) but in the same vein Fevertree (FEVR), Cineworld (CINE), Music Magpie (MMAG) and Parsley Box (MEAL). Then I look at Anglesey Mining (AYM) with a hisory lesson stretching back to 4000 BC and words of warning to suckers who may fancy a dabble. Then it is onto the disgrace that is Pineapple Power (PNPL) and all the rogues associated with this shocking promote.
655 days ago
Following my expose of the amateur and rule breaking accounts of Eight Capital Partners (ECP), the bastard little brother of the Supply@ME Capital (SYME) fraud, I have written to my good pals at the Financial Reporting Council asking for a formal investigation into Eight and its auditors PKF LittleJohn and audit partner Zahir Khaki. The letter is below:
656 days ago
Oh dear, oh dear. This should be another massive red flag for the morons who own shares in the Supply@ME Capital (SYME) fraud to ignore. It will also prompt a formal complaint to the FRC about auditors PKF Littlejohn and Eight itself.
781 days ago
Auditor PKF LittleJohn will already be considering the unenviable task of auditing the accounts of its fraudulent client Chill Brands (CHLL) for the year ending March 31 2022. Given that Chill is now already teetering on the brink of insolvency I would suggest that PKF asks for payment up front. In light of the shocking admission today, I felt it wise to mark the card of PKF and my good friends at the Financial Reporting Council on two matters. My letter is below:
965 days ago
By June 10 as the FCA suspended trading in shares in the fraud Umuthi (UHS) for a second time it had been aware for a while that this IPO was put together by a fraudster known for cooking the books and banned from doing any financial services work by the South African equivalent of the FCA. But in this letter, passed to the Winnileaks service, sent to Umuthi while it asks a stack of questions the FCA stresses there is NO formal enqury. FFS why not? And some of the questions it asks, regarding the resignations of Memery Crystal and PKF Littlejohn should surely have been asked back in March, rather than after the shares were allowed to resume trading – albeit for only two weeks – on May 25. The FCA is not fit for purpose as we noted here. The letter is below.
1751 days ago
The critical point about today’s interims from Dev Clever (DEV) is that they are piss poor in the cash guzzling sense. Now I do not wish to sound like an accosting pedant and geek but there is another issue: auditors PKF Littlejohn who will have cast an eye over the numbers, have screwed up and the numbers need to be corrected and re-issued. Let me explain:
2493 days ago
In a brochure boasting of its (dis) services to the capital markets, auditor PKF Littlejohn proudly lists some of the clients it has helped bring to London’s capital markets (some of which it also audits). The roll call of shame includes:
