112 days ago
I am not certain if the FCA is going to do anything about the Touchstone Exploration (TXP) scandal where the company said it had raised £15,375,000 million on May 8 only to fess up weeks later that brokers led by Keen’s Oak Securities had welched and that in fact it had only raised just over £5 million. With Keen making a series of excuses before the final welching, he created a false market and Touchstone’s balance sheet was left holed beneath the water line. Now it gets worse.
154 days ago
On June 2 the technically insolvent shitco run by proven wrong ‘uns that is Georgina Energy (GEX) asked that the FCA suspend it shares as it could not get its accounts on time. But it stated clearly:
158 days ago
There is now a £10 million black hole in the accounts at Touchstone Exploration (TXP) and its shares are crashing. Told y'all!!!. Investors were misled about this by the company but also by those responsible for creating that black hole, Oak Securities founded and run by Jerry “oily” Keen and also by Portillion Capital.
171 days ago
It is not a good day for AIM. More scumbag behaviour explains why good companies are rushing to leave the casino. On May 8, Touchstone Exploration (TXP) announced that it “has successfully raised £15.375 million with certain institutional and other investors in the United Kingdom.” Note the tense. It “has”, as in past tense, the deal has been done. Except that is not true. Nomad Shore cap appears to have signed off on a porky. Did it check that the money was in the bank, which it was not?
