2 days ago
Oh dear, Oh dear. The curse of struck off dentist Ajan Rejinald strikes again and, as a bonus, we lucky Welsh taxpayers are left picking up the tab. Calon Cardio Technology was run by Mark Clement who was sacked from Swansea University for gross misconduct (financial). At another taxpayer funded company Allerna he worked with Rejinald.
8 days ago
On 12 February I revealed here how AIM listed Jade Road Investments (JADE) led by John Croft was facing a £109 million legal claim, something that dwarfs its cash reserves of sub £6 million and its puny market cap. Jade has made no comment but I have confirmed today with the claimant that the claim is very much live although Jade has not actually responded to it. I have written to both AIM Regulation but also the FCA as this also concerns Main Market Listed Golden Rock Global (GCG).
21 days ago
Unbelievably, and with AIM Regulation made aware by myself of the claim revealed HERE yesterday which could sink Jade Road Investments (JADE) there is no RNS from the company. Cowardly nomad Zeus and colourful chairman John Croft of Fusionex infamy are not returning calls. But Helix, lawyer to the claimant has been more forthcoming.
1296 days ago
It has been suggested to me that my criticism of Zak Mir’s Lift Global Ventures (LFT) is driven by jealousy in that The Sith Lord is clearly coining it in. Au contraire. It is because everything about this stinks. And if the FCA and Aquis Regulation were not so utterly useless they would be all over this. Let me explain why.
2330 days ago
Is shorting Neil Woodford stocks like shooting fish in a barrel? I argue not and explain why it could be dangerous. I look at the FCA enquiry into Woodford and question whether its remit will be wide enough. Then, touching on the Fiske (FSK) AGM statement I look at calls for more regulation in the wake of the Woodford scandal.
2856 days ago
Another excellent column in yesterday's Sunday Times on regulation provides some inspiration for today's bearcast. But here is my friend Luke Johnson in full flow at the UK Investor show. Enjoy.
4222 days ago
The way that the AIM Casino is set up is based on one great enormous conflict of interest and that is why companies can and do tell lies to investors – that is the Nomad (Nominated Advisor) system.
A company must, under AIM rules, have a Nomad. If its Nomad quits the shares are suspended. If no replacement Nomad is found within a month the stock is booted off the Cesspit for good. The Nomad must verify every statement that is put out by a company and ensure that it complies with the rules. As such it is the Nomad who is at the front line of regulation and it works FOR the LSE.
