15 days ago
I start with some Welsh singing for Darren as he turns 56, then it is Canadian Overseas Petroleum (COPL), Endeavour Mining (EDV), Advanced Oncotherapy (AVO), Online Blockchain (OBC), Wildcat Petroleum (WCAT), Tern (TERN), Reabold Resources (RBD), Mark Slater and Jubilee Metals (JLP).It is January 5 not December 5 as I said twice in the podcast. Apologies. Long covid.
21 days ago
Tern (TERN) has a historically high expense ratio. At the interim stage average net assets were £23,531,000 (31 December 2022 £24,852,000 and 30 June 2023 £22,209,000). The administrative expenses for the six months ended 30 June 2023 were £1,052,000. This equates to an annualised expense ratio of 8.9%.
21 days ago
In this podcast there is more to please Catriona and Matthew’s Dog than to please Nigel Wray. Be warned. It covers: Horizonte Minerals (HZM), Technology Minerals (TM1), Canadian Overseas (COPL), WH Ireland (WHI), Supply@ME Capital (FRAUD) and its sister company Regtech Open (RTOP) and Tern (TERN).
56 days ago
Tern’s (TERN) second biggest investment, Wyld Networks AB published its Q3 2023 results today. And, of course, they are utterly shite.
56 days ago
I start with a couple of very proud Dad boasts. then it is onto Old Mother Walter’s ruin and Verditek (VDTK). Rejoice! Rejoice!. Then I cover small cap profits warnings, Braveheart (BRH), Tern (TERN), Mosman Oil & Gas (MSMN), Eurasia (EUA), Hydrogen Utopia (HUI), Upland Resources (UPL) and Wildcat Petroleum (WCAT).
60 days ago
Make no mistake, Tern (TERN) is now running on vapours and so are a number of its key investments. This is going to end in tears and those tears could be flowing very soon indeed.
65 days ago
I know Tern (TERN) is running on vapours. You know it and Mr. Market knows it. And as such all that tern can do is issue a wholly meaningless update on its portfolio and hope that the fuckwits who invest in AIM dross buy the shares, pushing them higher and so allowing one last deeply discounted placing to get away, giving it a few more months to limp on. Today’s statement ended with an implausible claim about boss Al Sisto.
67 days ago
In this podcast I discuss the damascene conversion of the Mrs on a couple of issues and I say “thank you” to those donating to Woodlarks on the Christmas grotto appeal. We are now almost 75% of the way to target so if you can spare a fiver ( or more) please do so today HERE. I look at Verditek (VDTK), Tern (TERN), Red Rock Resources (RRR), mention Skinbiotherapeutics (SBTX), Cellular Goods (CBX) and have a look at Parkmead (PMG) where i am not convinced that Peter Brailey is right to be just so bearish.
79 days ago
I discuss that book which you may find hard to read then Versarien (VRS), Tern (TERN), Celadon (CEL), Tingo (TIO) and, in detail, another Chris Cleverly stock going to ZERO, Technology Minerals (TM1).
117 days ago
As Tern (TERN) shareholders decide whether or not they will support the proposed issue of 37.5 million new shares as approved at the General Meeting which, at say 5 pence per share (a modest discount to closing mid-price of 5.75 pence per share), would raise £1.875 million before expenses perhaps investors should consider the recent performance of the major investments.
185 days ago
I start with Nigel’s excellent piece on Tern (TERN) and also with Sharestock where just 4 of 100 seats are now left, so book HERE. Then it is onto Kefi Gold & Copper (KEFI)
206 days ago
You find me waiting for the most unreliable man in the world. No, not Darren but the Greek carpenter. All is explained. I look at Caracal Gold (GCAT), Tingo (FRAUD), Tern (TERN), Verditek (VDTK), Supply@ME Capital (SYME) and Zamboni’s new float Regtech Open Project whose £60 million valuation is such a joke surely the FCA must act to stop the con.
206 days ago
Tern (TERN) investee company Wyld Networks AB wholly owned UK subsidiary Wyld Networks Limited prepares its accounts under FRS 102. FRS 102 requires at least a 12 month forward looking statement to be made about the ability of a company to continue as a going concern.
219 days ago
In his article yesterday about Tern (TERN) Nigel highlighted Wyld’s weasel words that “the company expects to have sufficient funds to meet its obligations throughout 2023”. If Wyld’s accounts were prepared under IFRS accounting standards or if Wyld were listed on a “Recognised” Swedish stock exchange which would require the use of IFRS, it would not be able to get away with such weasel words but Wyld uses “Swedish Accounting Standards Board’s general guidelines BFNAR 2012:1 Annual Accounts and Consolidated Financial Statements”.
224 days ago
Joshua is here as I record from Athens which tempers my language. I discuss our travel experience and then it is onto tern (TERN), Hydrogen Utopia (HUI) and the scandal at Ashington innovations (ASHI), where the FCA must surely wade in. Finally I apologise on behalf of Darren, the latest video is working now HERE
225 days ago
I start with IT issues which see the Kerim Sener interview delayed. My language and mood is foul. In the podcast I discuss Ariana Resources (AAU), Canadian Overseas Petroleum (COPL), Verditek (VDTK) and, in some detail, Tern (TERN), predicted NAV by Christmas sub 3p, target price by the start of 2024, 2p.
255 days ago
I start with Code First Girls, the BBC and why birds don’t do computing. Then it is on to Alien Metals (UFO) , insider dealing, a Gotcha moment for me and another cash crisis just after Christmas, Tern (TERN) Jim Nominees (JIM), Eden Research (EDEN) and how Jo Hart at Midas should apologise for being played and Wilko and its demise
262 days ago
You will find the results, just out, below. I discuss and analyse. I also look at VSA Capital (VSA), Tern (TERN), Versarien (VRS) and Canadian Overseas Petroleum (COPL). And yes, I have recorded an interview with Skinbiotherapeutics (SBTX) today.
301 days ago
Thanks to all who have donated to Rogue Bloggers for Woodlarks. With six days to go we are now, all in at heading for £17,000. Thanks to all who are helping a great cause but there is still time to donate HERE. Then I look at Tingo (TIO:US) and this filthy material HERE from the Nigerian Guardian, at Tern (TERN), Canadian Overseas Petroleum (COPL), death spirals and at Bidstack (BIDS) which has STILL not published its numbers.
305 days ago
I start with the IRA man who is hopping mad at me yet again. Then I look at how the whole political/media class should be in the dock in the Covid enquiry as they all called for what has caused our inflationary crisis. Then it is Tingo (US:TIO), a detailed look at Audioboom (BOOM), Purplebricks (PURP), Versarien (VRS), Tern (TERN), Chill Brands (CHLL) and the regulatory threat to UK vaping. Finally, my last big Rogue Bloggers for Woodlarks training walk this Sunday will be c22 miles. It will be very hot this weekend and I have a thirsty Irishman here for supper on Saturday so may be somewhat the worse for that on Sunday morning, so think of real pain ahead and leave the 93% who have not donated & meanie Magna Carta and make a donation HERE
310 days ago
Can you list them in terms of long term career value destruction? I start with Kefi Gold & Copper (KEFI) and some of the daft comments made. The to More Acquisitions (TMOR) and Doc Holliday’s cunning EGM plan which will surely destroy the company and lose it its quote. Then Advanced Oncotherapy (AVO), Red Rock Resources (RRR), Canadian Overseas Petroleum (COPL) and Tern (TERN) which looks to me to be almost bust and where I look forward to reporting its auditors to the FRC when the Fat Lady appears on stage. I should add what I forgot to say in the podcast: Tingo (US:TIO) is the most obvious zero from the province of Norfolk that I have see for ages. And it is shortable.
312 days ago
The annual weekend from hell looms. Think of my suffering and please donate to Rogue Bloggers for Woodlarks where, with gift aid, we are now over £10,000 but still more than 95% of you have not donated, you can do so HERE. In the podcast I discuss Lucian’s suffering at the Supply@ME Capital (FRAUD) teach in and why its shares are collapsing, Versarien (VRS), Tern (TERN), Pan African Resources (PAF), Boohoo,com (BOO) and Revolution Beauty (REVB)
312 days ago
Oh dear, oh dear as my old pal the disgraced tipster Mike Walters used to say when one of his shite tips went tits up. Cash guzzling almost bust Tern (TERN) is the sort of rubbish Old Mother Walters would have tipped in the Mail in his heyday as he promoted frauds like Minmet, Polly Peck, 3DM, Pursuit Dynamics, etc etc. Today there is more bad news ahead of next week when there will be even more bad news.
351 days ago
In today’s podcast I start with a few words on the Wrexham victory parade then discuss Versarien (VRS), Kefi Gold & Copper (KEFI), Mirriad Advertising (MIRI), Braveheart (BRH), Solgenics (SGN), Tern (TERN) and UK Oil & Gas (UKOG).
360 days ago
I start with a personal financial question: my SIPP – for reasons I shall explain – has a wodge of cash. Should I stay in cash, invest in a safe 4%+ yielding FTSE 100 stock or add to holdings in Skinbiotherapeutics (SBTX) or Jubilee Metals (JLP). Then to economics. the chart below is pinched from Guido and I discuss what it means for UK PLC. Then I look at the 2 matters the FCA should be investigating at Guild ESports (GILD), at Tern (TERN) and at strange matters at BlueJay Mining (JAY), a perma-dog, IMHO, which is always a short.
366 days ago
The nuclear winter in small, cash guzzling, low grade, tech stocks continues and an admission today from Tern (TERN) shows just why its NAV is going to be crushed.
371 days ago
In today’s podcast I look at Deepverge (DVRG), another triumph, Amigo (AMGO), Cineworld (CINE), the spoof at Genflow Biosciences (GENF), Wildcat Petroleum (WCAT) and Tern (TERN) where a statement is needed.
371 days ago
If any investor in both Eden Pharma and also one or both of One True View or Appbox Media is listening please get in touch. Then I move onto the appalling new scandal at Deepverge (DVRG) and also at Microsaic (MSYS), then the insider dealing at Bluebird Merchant Ventures (BMV). Then Amala Foods (DISH) and the chancers at Caracal Gold (GCAT), Andrew Monk’s pals. Finally Tern (TERN) is starting to unravel ahead of a bailout placing which is needed ASAP.
424 days ago
I end by thanking the kind reader whose gift of a bottle of Metaxa has just arrived. The Mrs says thank you as well. Elsewhere I chat to Lucian Miers and discuss Cineworld (CINE) – after yesterday’s legal hearing – and Canadian Overseas Petroleum (COPL). then it is onto Tern (TERN), Bluebird Merchant Ventures (BMV) and what Versarien (VRS) is so desperate to hide. The references in that section are to the great film Zulu.
485 days ago
I start with a little joke about the weather and global warming. Then I discuss Tern (TERN) and Purplebricks (PURP).
494 days ago
In its RNS yesterday Tern (TERN) provided various extracts from Wyld’s 3rd quarter results for the period ended 30 September 2022. The extracts focus heavily on positives such as the purchase orders now being received by Wyld. If you look at the actuals published Wyld results it becomes apparent that it may take some time for these revenues to be reflected in the income statement as the following note to the accounts shows:
522 days ago
There is a film in which my Great Aunt starred where there is singing in Welsh. She is the lady on the right in the first scene below. Anyhow I start today’s podcast singing to you in Welsh for reasons I explain. Then it is onto Carson Block and Pantheon Resources (PANR), Carnival (CCL), BSF Enterprise (BSFA), Tern (TERN), nanosynth (NNN), Versarien (VRS) and the comedy at Deliveroo (ROO) which still has to be a short does it not?
526 days ago
I start by discussing apple pressing: I am still at it. Then I look at Tern (TERN), Amur Minerals (AMC), Joules (JOUL) and Eurasia Miniung (EUA) as it heads for a cash crisis.
540 days ago
Sub scale investment company Tern (TERN) has announced that it has invested a fresh $303,000 in loan notes issued by Device Authority, its largest single investment where it has a stake of 53.8%, Two matters of grave concern should leap out at you.
563 days ago
I use as case studies in today’s podcast Tern (TERN), Argo Blockchain (ARB) and Bidstack (BIDS) two of which could be singing a duet with the Fat Lady by Christmas notwithstanding receny refinancing news.
563 days ago
I refer to this amazing exposé by Snopes HERE into Max Polyakov, Ukraine’s Elon Musk. Why does it matter: I recall Cupid and the great establishment cover up. Thjis is crime plain and simple and the board knew about it and covered it up. KPMG covered it up. The Nomad did nothing and so too did the Oxymorons at AIM Regulation. The SNP has been lobbying hard for Polyakov. They are all beneath contempt. Then I ask if share buying at Bluebird Merchant Ventures (BMV) is legit. It is. Then I discuss why a whistleblower may or may not have a story about another AIM company, look at Made.com (MADE), Sosandar (SOS), Tern (TERN) and Bidstack (BIDS): two placings , one a pea shooter, one possibly (but probably not) a bazooka.
566 days ago
If you do the maths, the Primary Bid flop for Tern (TERN) announced this morning is really bad news. The amount raised by Primary Bid and in a subscription is just not enough. It is a sticking plaster on a wound bleeding cash when a full tourniquet was needed. And it means that the countdown to the next placing is already underway.
566 days ago
Nigel Somerville has warned you often enough that sub scale investment in cash guzzling crap company Tern (TERN) was running on vapours. It did not have enough cash to fund its bloated PLC costs let alone to feed the gaggle of perennially loss making companies in which it has invested. So today’s after hours RNS will not shock you.
601 days ago
I hope this is fairly self-explanatory and that the regulators will launch a swift enquiry if only to show that on the world’s most successful growth market, nothing so tawdry has occurred at that hotbed of scholars and gentlemen that is Tern PLC (TERN)
635 days ago
I am after all an expert on divorces and failed marriages. But this one failed even before the two made it to the altar as Pires Investments (PIRI) shareholders rejected an all share merger with TERN (TERN) I salute them. I look at why this deal failed, the logic behind it for Tern (TERN), viz an escape. The logic for Pires – arguably the right strategy but the wrong target – and where both go from here. I make Pires an offer it should accept if it is to consider any more M&A activity.
688 days ago
Recovering from several lectures on the evils of Brexit, I send you greetings from Frogland this Bank Holiday Thursday. In today’s podcast, I look again at the Tern (TERN) – Pires (PIRI) merger. I then discuss three slam-dunk zeros: Kinovo (KINO) – whose shares should be suspended with immediate effect – Versarien (VRS) and Nanosynth (NNN), where the new CEO, Mark Duffin, is a complete clown. If he does a deal in snails, as he suggests, I am a Dutchman.
688 days ago
I discuss last night’s hell in Frogland. Then, I raise two new red flags at the Supply@ME Capital (SYME) fraud, before looking at Tern (TERN), and Parsley Box (MEAL) as it heads to zero.
765 days ago
Today Tern (TERN) published its results for the year ended 31 December 2021 and they showed a profit before tax of £4,578,321 which was a good result. Net asset value increased by 26% per share from 7.3 pence to 9.2 pence per share. Again good. But how does Tern manage to increase its NAV?
765 days ago
I discuss the latest developments in Ukraine. Then I move on to Fevertree (FEVR), Tern (TERN), Braveheart (BRH), Iofina (IOF) and the fraud Chill Brands (CHLL) and the bucket shop based maths based on liquidity, or rather the lack of it.
765 days ago
As explained HERE, sub scale investor in crap companies Tern (TERN) needs to get a placing away by April Fool’s day or it is in deep merde. Hence a desperate attempt to ramp the shares ahead of a visit to the bucket shops for the discounted bailout. Even Tern could not bring itself to make today’s release an RNS. It is an RNS Reach meaning that it is financially immaterial. You will be amazed just how immaterial it is. As such this is a major red flag that a discounted placing is imminent so if you are buying shares in the market today you better lube up.
778 days ago
That is Nigel’s problem. He is just too much of a nice guy as he showed with his piece earlier on the Tern/Wyld cash crisis. I am not so charitable. I am not a nice guy. The crisis is far worse than even Nigel suggests.
778 days ago
The gardening photos from the Welsh hovel will appear later on my own site. Before then I review the 4 retail stocks of the Lucian Miers apocalypse: Versarien (VRS), Supply@ME Capital (SYME), Eurasia (EUR) and Chill Brands (CHLL) and then my 10 stocks to collapse by Christmas. One has fallen so far it is probably not a short now though I would not buy it while three look set to go to zero, possibly as soon as next week in one case. My 10 are Supply, Chill Brands, Versarien, Avacta (AVCT), Wildcat Petroleum (WCAT), Amigo (AMGO), Cineworld (CINE), Argo Blockchain (ARB), Verditek (VDTK) and Tern (TERN). I also look at the oil price and consider whether those sitting on gains might bank a few profits.
782 days ago
Tern (TERN) is always happy to use the Adam Reynolds keyboard to publicise details of new deals for its investee companies but is much shyer about revealing any financial details. Wyld Networks recently published its results for the year ended 31 December 2021, HERE, and unsurprisingly Tern didn’t bother to highlight them probably because financially they were piss poor..
801 days ago
In a long podcast I explain why the climate has changed so making it a year for the bears and then explain the common thread and individual reasons for my top ten shorts for Christmas 2022. The terrible ten are Supply@ME Capital (SYME), Tern (TERN), Avacta (AVCT), Versarien (VRS), Chill Brands (FRAUD), Amigo (AMGO),Cineworld (CINE), Argo Blockchain (ARB), Verditek (VDTK) and Wildcat Petroleum (WCAT)
802 days ago
I comment on a kind post one of you made on the LSE Asylum. In today’s Poirot on Channel 10 he had tired of fighting crime in the City and retired to tend his garden. I know how he feels. I discuss events in Ukraine, inflation and how it those who dismiss the damage it causes, Comrade Stacey, are wrong. Then I look at a BB portfolio of death, something for tomorrow’s bearcast. Two stocks which were both in it are Omega (ODX) and Tern (TERN). After last week’s collapse Omega may now be out – though I certainly would not buy. I discuss the common trait of how both mislead investors. I discuss how all folks should own some oil, a point I have made before, naming the 2 oil stocks I own.
832 days ago
An issue I have raised frequently concerns poor quality companies listed on London Markets that cite listing on the US Over the Counter Markets as being a key event for their investors. Some of the Bulletin Board Morons buy into this myth. For instance if you look at the Tern (TERN) Bulletin Board on London South East website you can see some of the morons complain that the CEO Al Sisto hasn’t manged to list Tern implying that this failure might be depressing the share price as US investors can’t invest into Tern.
835 days ago
Fingers crossed. If it is what i have been promised it is curtains for one CEO. In the rest of the bearcast I discuss travails with brickies, M& C Saatchi (SAA) and the saintly Vin Murria, Bluebird Merchant Ventures (BMV),Cellular Goods (CBX),Tern (TERN),ADM Energy (ADME), Supply@ME Capital (FRAUD), Tiger Resources (TIR),UK Oil & Gas (UKOG), Argo Blockchain (ARB) and the changing appetite for bailout placings.
835 days ago
As I demonstrated HERE, April Fool’s Day is too late for AIM listed, sub scale, investment company Tern (TERN)- it needs a placing before then or it will be crash landing in tits up alley. No institution will touch this POS with a bargepole so it is an inevitable trip to the bucket shops for a discounted raise. The shares are now 11.75p. The NAV is not going to be anymore than 8p and is falling so what price to you think the placing will be at?
854 days ago
In today’s podcast I reflect on yesterday’s family meal in Shipston, then look at Central Copper Resources and Red Rock Resources (RRR), folks may believe in Santa but do they still believe in Andrew Bell? Then I consider Tern (TERN), PCF Group (PCF) and the fraud Supply@ME Capital (SYME) and I urge you to enter Nigel’s sweepstake HERE before midnight. Finally I have along look at Vast Resources (VAST).
856 days ago
I start with my personal experience of the NHS today and how much I’d like to see all GPs lined up againat a wall and shot. I am so bloody angry. Then it is onto Union Jack Oil (UJO), Chill Brands (CHLL), Tern (TERN), the fraud Supply@ME Capital (FRAUD) and Hurricane Energy (HUR)
856 days ago
Tern (TERN) is reluctant to disclose financial information about the portfolio of Tern’s investments citing commercial confidentiality. All of its portfolio investees file abbreviated accounts excluding profit and loss account and cashflow statement as they are permitted to do and Tern rarely publishes any financial information about the investee companies.
856 days ago
Today’s news from Tern (TERN) is welcome because it has reduced its future cash flow burn by finding new partners to fund InVMA or Konektio. The downside is that Tern has diluted its stake from 50% to 36.8% just as the company is experiencing significant sales growth, according to the RNS:
861 days ago
The olive harvest is almost done, Bearcast listener and harvester B and I finished today as the heavens opened. So I am a bit wet but it is done. More details on my own site tomorrow when I shall have a full day at my desk. Today I talk about the Government’s mad new covid laws then about how shareholders in Red Rock Resources (RRR), Union Jack Oil (UJO) and, increasingly, Tern (TERN) and Versarien (VRS) should be careful what they wish for.
861 days ago
I comment on day three of the Greek Hovel olive harvest, a good day but a long one. But I start with Peter Brailey’s piece on Union Jack Oil (UJO) and explain why the company is now possibly the most toxic on AIM. I then look, en passant, at Amala Foods (DISH) and in detail at Tern (TERN) and Argo Blockchain (ARB).
861 days ago
Having raised £4 million gross at 18.8 pence per share on 13 July 2021, the Bulletin Board Morons, although feeling somewhat sore given that the Tern (TERN) share price was 12.5 pence bid price at the close of business yesterday, might be consoling themselves thinking that, at least, the jam tomorrow specialists, won’t be asking for any more cash for some time. Sadly, that isn’t the case and I demonstrate below why they will very shortly be asked to stump yet more cash to feed the greedy board and its portfolio of loss making and cash guzzling investments.
862 days ago
Evil Knievil: “the best time to kick a man is when he is down.” The great bear raider is correct, especially in these crazy times when so many frauds or near bankrupts seem able to defy gravity as the believers still belief and continue to BOTFD, so providing share price support. But in some cases even the believers are starting to smell the coffee.
863 days ago
I start with Joshua & Jaya’s advent calendar. Then I look at Tern (TERN), Toople (TOOP), Skinbiotherapeutics (SBTX) and Silverwood Brands (SLWD).
863 days ago
AIM listed investment dog run by charlatans, Tern (TERN) has dashed the hopes of the Bulletin Board Morons when it issued the Device Authority funding update RNS which revealed that Device was not worth billions or even hundreds of millions but less than $40 million for 100% of the company based on latest funding round which included a new third-party technology investor (which presumably would have been granted access to the latest accounts, budgets and been able to assess the technology). Let us pray for those morons too stupid to listen to our countless warnings and thank heavens that the Salvation Army will be there to assist them this Christmas.
877 days ago
Today saw Tern (TERN) investee Wyld Networks publishes its 3rd quarter results and there was an English version available as well. For some reason Tern managed to not issue an RNS to refer to the results. I can’t think why.
919 days ago
Device Authority Limited states that it has filed abbreviated accounts because it qualifies as a small company which it is why it only files a balance sheet and selected notes. However, even based on the limited information provided we can see that AIM listed bag of puff Tern (TERN) is providing approximately 2/3rds of the current funding to Device Authority in terms of cumulative advances and accrued interest as shown below:
942 days ago
I discuss the Mrs and I both taking tests this morning as we both feel a bit under the weather. Then I look in detail at Chill Brands (CHLL) where the risk-reward of holding until next Thursday is surely terribly unattractive and at Tern (TERN) accounting for Geeks, what is being hidden and why that makes this such a sell and also at Argo Blockchain (ARB).
944 days ago
I put then straight that i was of Irish descent but my local village council are having a go at me again and so sent in two officers of Wrexham Council. To be fair they agreed with me and think the villagers are, again, acting like total poltroons in harassing me whereas the previous owners were allowed to dump asbestos and so whatever they wanted. I explain all in the podcast but suffice to say I am angry. Then I look in detail at Tern (TERN) and go far further than Lucian did earlier HERE. Then onto Union Jack (UJO) where nothing ow makes sense. I also look at the crazy world of Wildcat Petroleum (WCAT) once more and add my tuppence worth on the scandal that is Seraphine (BUMP).
944 days ago
I am up early thanks to a new nightmare. Can anyone interpret it? Are you out there Joseph? I then look at saint Vin Murria and Summerway Capital (SWC). Then I discuss Lucian Miers big Joe Retail toxic four (Chill Brands, Supply@ME Capital, Tern and Eurasia), why things are going his way, which will crack first and why and what the fallout will be. A regular bearcast will follow later.
962 days ago
Yesterday I was reviewing Lucian’s big 5 small cap shorts with the great bear over breakfast. Breakfast BTW was porridge with home made stewed apples (from the Welsh Hovel) in cinnamon. In the podcast I discuss last night’s culinary fare but then probe Lucian on what he sees as critical mid and end points for each of his 5 UK small cap big shorts: Tern (TERN), Versarien (VRS), Chill Brands (CHLL), Supply@ME Capital (SYME) and Eurasia Mining (EUA)
1015 days ago
After yesterday’s latest tin rattle by Tern (TERN) to raise up to £4 million gross at 18.8 pence per share, a discount of 16% to its grossly over inflated share price, I have had a look at its performance over the last four years.
1020 days ago
As Nigel revealed in his article on Friday, the IPO onto Swedish Nasdaq First North market for Wyld didn’t exactly wow with the shares falling 30% below its IPO price closing at Swedish Krona (“SEK”) 7.60 compared to the IPO price of SEK 11.00.
1025 days ago
I start with an update on life at the Greek Hovel. I am contemplating a long road trip for myself and Joshua to the far North this week. More on that later. Pro tem a few thoughts on Supply@Me Capital (SYME), Hurricane Energy (HUR) and Tern (TERN).
1038 days ago
The Bulletin Board Morons have worked themselves into a complete frenzy over Tern (TERN). At Friday’s closing mid-price of 24.75 pence per share, Tern is valued at £82 million versus Tern’s net assets as at 31 December 2020 of £24 million. In simple terms, Tern is valued at 3.4 times net assets. Tern’s net assets at that date basically comprised investments which are already recorded at fair value of £21.9 million and cash of £2.1 million.
1050 days ago
Tonight a new treat for Joshua and myself as we can celebrate wins on Kefi Gold & Copper (KEFI) and Remote Monitored Systems (RMS). I also discuss Plutus Powergen (PPG) and Tern (TERN).
1053 days ago
Even in these crazy times when shares in insolvent frauds go up, some things just have to be a slam dunk short. The good news with this one is that there is borrow. Lucian Miers is already short so I suggest you join him in taking free money off morons who are buying Tern (TERN).
1054 days ago
It seems that Britain’s thirstiest share blogger Paul Scott has had another go at me with a post at 25 minutes after midnight. I trust Paul had enjoyed a good night. Anyhow, I put him straight with a few facts. I then look at Argo Blockchain (ARB) and its trading statement and valuation, Plutus Powergen (PPG), Tern (TERN), Supply@ME Capital (SYME) and Cineworld (CINE).
1070 days ago
I start with a few notes on work at the rain soaked Welsh Hovel and end with thanks to you all as the Rogue Bloggers for Woodlarks total is almost at £29,000. If you are yet to chip in, how about you get us close to or past £29,000 tonight HERE. Then I discuss Simec Atlantic Energy (SAE), whether fund managers are always right and why they are sometimes out of their depth, Tern (TERN), Kefi (KEFI) and First Derivatives (FDP).
1073 days ago
Shares in Tern (TERN) are this morning tumbling as the company announced it was calling a GM to allow it to issue yet more confetti after the last GM failed to approve a motion for confetti issuance. But the share price is still insane as is anyone long of the stock as Nigel Somerville pointed out at the weekend. Just a reminder of the facts.
1073 days ago
It’s a personally difficult day as I explain. But at least we have great news on the Rogue Bloggers for Woodlarks front as you can see HERE. Then I discuss shares, ref Tern (TERN), Quindell (QPP) and the fraud Supply@ME Capital (SYME).
1116 days ago
As you may imagine, I have spent a bit of time today chatting with the Police. In a bearcast with a brief interruption for this reason, I discuss Bluebird Merchant Ventures (BMV), Tern (TERN), Block Commodities (BLCC) which exposes the moral bankruptcy of those who would shut us down – Versarien (VRS) and Eurasia Mining (EUA).
1258 days ago
In today’s podcast I look at Synairgen (SNG), Nakama (NAK) and the wider macro read across, Tern (TERN) and UK Oil & Gas (UKOG)
1331 days ago
I am prompted by my hero Mr Peter Tatchell and having checked with another hero, Mr Kelvin MacKenzie, that I am not misquoting him, I shall be penning a piece tonight on this fascinating subject. Elsewhere I look at Pendragon (PDG), Nostra Terra Oil & Gas (NTOG), Wishbone Gold (WSBN), Tern (TERN), Dev Clever (DEV) and Supply@ME Capital (SYME) and why the FCA MUST act against the last two enterprises on my list today.
1418 days ago
I refer, of course, to smokers. Before Malcolm gets on his high horse, hear me out. What I say is logical if a bit crazy. In that vein I also discuss the mad idea of buying the ten worst stocks on AIM and ask for your nominations. I start with Catenae Innovation (CTEA), Tern (TERN), Clear Leisure (CLP) and Attis Oil & Gas (AOGL). I also discuss the crazy idea of buying FinnCap (FCAP) shares. I look at the Powerhouse Energy (PHE) ramp and at the curious case of Anexo (ANX) placing today as directors dump shares. The Woodlarks walk appeal is now at 34% please, as I start another training walk this afternoon, donate HERE.
1439 days ago
The photos below did not come out well but show the track now cut through the grass around our three fields here at the Welsh hovel where myself and the cats (pictured) went on a training walk today. Come June 13 I will complete this route 30-40 times and I beg you to sponsor me, as I look to raise the cash to save Woodlarks, now HERE. In the podcast I look at Belarus and Covid 19 referencing my article earlier today HERE, at Nigel’s dynamite expose of Tern (TERN) today and at why ShareSoc should be done under the Trades Description Act.
1441 days ago
Tern (TERN) shareholder Lloyd Leckerman argued in his fan mail of yesterday that I penned an article on his beloved POS AIM stock every day. Not to disappoint Lloyd I serve up six more red flags for him to ignore. But first…
1443 days ago
Hmmmmm, the auditor quit for reasons unexplained and the company hushed it up. There is a cash crisis by Christmas. The NAV is utterly questionable. The last placing was a flop. Why wouldn’t a journalist ask the odd question about Tern (TERN). And that is what myself and Nigel Somerville do as you can see HERE. But for the obsessive shareholder there can only be one reason for our articles which are ALL really writen by me. Meet Lloyd Leckerman who has sent me an email:
1443 days ago
I start with the economic mess the Government has landed us all in. Will 25% of small businesses go bust or just 13% and who is going to pick up the tab? Then it is onto Purplebricks (PURP), Tern (TERN), Mosman (MSMN) and Bidstack (BIDS) where time is almost up, the Fat Lady is surely gargling now.
1443 days ago
In Nigel’s article on Tern (TERN) yesterday he highlighted the change in auditors -a theme I took on in bearcast. As one of our regular commentators pointed out there is no longer a requirement to file resignation letters at Companies House unless the auditor has concerns or is the company is listed. However, the resignation does raise some concerns. Here is the proof something is very rotten in the state of Tern.
1444 days ago
There are folks in a certain rain sodden second world nation objecting to an article on my own site HERE. The Mrs. Natch. It is all to do with mother-in-law jokes. At least one AIM CEO objecting to this article. And finally a chap who asribes evil motives to the timing of my investment in San Leon (SLE), without actually knowing a couple of key facts. I discuss the point he raises. In the main podcast I look at Tern (TERN), where I think Nigel S is wrong but that the boss is a rogue director as I explained at the weekend HERE, 88 Energy (88E), and Land Securities (LAND) and the entire commercial property sector.
1444 days ago
Nigel Somervile HERE and myself HERE both took apart yesterday’s ludicrous and dismal results announcement from AIM dog Tern (TERN). Neither of us believe its NAV is real but even if you are credulous enough to swallow that canard the shares should surely be 50% lower. Here’s why.
1445 days ago
Mike Turner really is a stupid man. I find myself once again talking to the Law about his attempts to stop me exposing him as a defaming moron. I move on to discuss the conflicted riole of the broker to the POS that is Bidstack (BIDS). Then it is onto events at Motif Bio (MTFB) and Tern (TERN) and the way it presents its dismal results. Finally I have just recoreded a 90 minute video for Saturday with Mark Slater. I see that in the comments section NoGold reckons he will would learn nothing from Slater but NoGold is a genius. For everyone else that video is gold dust. Buy your tickets HERE.
1507 days ago
Don’t worry the sun will still rise tomorrow and we are not ALL going to die of Coronavirus. I discuss the oil price crash and stockmarket slump and look in particular at: Tern (TERN), Carnival (CCL), Bidstack (BIDS), Versarien (VRS), the antics of market makers, Diversified Gas & Oil (DGOC), Bahamas Petroleum (BPC), BP (BP.), Shell (RDSB), Tullow (TLW), Optibiotix (OPTI) and Premier Oil (PMO)
1507 days ago
Oh dear, oh dear, oh dear. AIM-listed jam-tomorrow (if ever) Internet of Things investment company Tern (TERN) has announced a placing at just 6p to raise just £0.8 million as predicted HERE to keep the lights on as its auditor is surely raising going concerns. That is a whopping 22.6% discount to last Friday’s close and 35% down on my tip of the year to sell when the shares were 9.25p. But there is more….
1548 days ago
In today’s podcast I look at Versarien (VRS) and explain why Lucian Miers and I have fallen out over this one on the latest edition of ShareProphets Radio. I look at Tern’s (TERN) bollockese trading statement and ask “when’s the placing” or “Show Me The (lack of) Money”. I look at the (bad) news from UK Oil & Gas (UKOG) regarding Horse Hill and for me the numbers still do not stack up even with the shares having slumped to 0.675p. Finally, I hope I did enough to stop Steve Holdsworth from cancelling his subscription, so Steve how about making a small initial donation by way of thanks to Rogue Bloggers for Woodlarks HERE
1627 days ago
Firstly so many thanks to all of you who donated to the Woodlarks Christnas Grotto appeal. 101% of our target has now been reached so I’ll call it a day. Thank you again. In today’s podcast I also discuss Big Dish (DISH), and Dev Clever (DEV) two examples of why you should never invest in an IPO and I have data to back that up. I look at Tern (TERN) and at Sound Energy (SOU), shame on James Parsons, and then in detail at Velocys (VLS).
1638 days ago
AIM listed purveyor of jam tomorrow Tern (TERN) is effectively operating as a technology fund investment business.Its major issue, other than its repeated ability to play fast and loose with AIM Rules, is a lack of scale which creates a number of challenges.
1639 days ago
This morning we discover that AIM listed jam tomorrow purveyor Tern (TERN) has again passed the hat around with a discounted placing raising £1.75 million at 11.15p. But it was only able to get a placing away at that price because of spurious rumours which the company and its advisors must have been aware of and which it did nothing to quosh. I have written to the Oxymorons at AIM Regulation and to the chocolate teapots at the FCA requesting an urgent investigation into the company, its Nomad Allenby and broker Whitman Howard. It is not as if Tern does not have form in this respect.
1639 days ago
In today’s podcast I look at the looming General Election, at a pathetic excuse from Hargreaves Lansdowne (HL.) for not commenting on Neil Woodford, at Sound Energy (SOU), the ramp du jour Euraisia Mining (EUA), at the scandals at Tern (TERN) and Big Dish (DISH) and what they say about the institutionally useless FCA and AIM Regulation and at the profits warning from Empressaria (EMR).
2030 days ago
I cannot really speak properly. Forgive me, there is good reason. However I offer comment, breaking rumour and analysis on Tern (TERN), Purplebricks (PURP) and the plight of the shorter, Berkeley Energia (BKY) and planned yellow journalism by the tossers at the FT and Audioboom (BOOM) and management spoofery.
2043 days ago
Yesterday Tern (TERN) held an online Q&A session and I had wondered whether boss Al Sisto would dodge tough queeries. To his credit he did not. The Nomad blocked a few including one of the three that Nigel Somerville sent it but he answered the rest. I make no comment on his replies. I am no Tern-ologist although its valuation looks demanding to me. But i respect Mr Sisto for facing up to his critics.
2046 days ago
I see that ShareSoc is praising Tern (TERN) for holding a conference call to which anyone can dial into and at which Al Sisto will answer pre-submitted questions. I wonder..
2077 days ago
In our relaunched Bulletin Board Moron of the week contest, there were some fine examples of moronic activity by investors in Tern, UK Oil & Gas, Cloudtag, Whetstone and other great British Companies nominated by ShareProphets readers as you can see HERE. But there has to be a winner.
2101 days ago
As of last night a group of UK Oil & Gas (UKOG) twitter trolls have moved from attacking me over THIS ARTICLE to having a pop at Woodlarks over the walk on Saturday. Big Dave Lenigas is copied in on these tweets. I urge him to state clearly that attacking charities for the disabled is obscene and to make a donation HERE - as should any bearcast listener who has not done so already! I have recorded a special Woodlarks podcast today which you can listen to HERE. In this bearcast I ask what will make an overvalued market crack and look at Tern (TERN), Amur (AMC), Metals Exploration (MTL), Optibiotix (OPTI) and Uk Oil & Gas (UKOG) once more.
2132 days ago
On my 24 mile walk with Lucian - a bit of a disaster as the last five miles were unplanned and very painful as described here - we discussed Tesla, Tern and the stockmarket bubble. I ponder that and then discuss a total Blow Job splash for Neil Woodford in the Mail on Sunday, a disgraceful day for "journalism."
2143 days ago
The reference to scumbags John Belliss and Gavin Burnell is explained in full in this podcast which covers CyanConnode (CYAN), Audioboom (BOOM), Magnolia Petroleum (MAGP), Revolution Bars (RBG), Peter Schiff and the economy, AIQ (AIQ), Tern (TERN) and Haydale (HAYD). Both Brokerman Dan and I are now training with blisters. This weekend I move up to a 14 mile walk ahead of our 32 mile July 28 stroll for Woodarks. Thanks to all who have sponsored us. swe have now raised more than £8,000 with gift aid and are at 34% of our target. To those 90% of you listening who have not pledged, surely you can spare a tenner. You can donate £10 HERE.
2187 days ago
Tern (TERN) is, of course, the bete noire of our own Nigel Somerville. It has also be THE AIM wonder stock of the past week. So what exactly did Bruce Leith say at UK Investor Show. Enjoy.
2193 days ago
Darren uploaded yesterday's podcast by mistake becuase he is a fucking idiot. I am considering his future and mine tonight. Here now is today's podcast. To tip Quindell before Gotham City and I started to expose it was perhaps understandable. But to single it out as a stunning value investment afterwards? Who could have been so fecking dumb? As you can see HERE it was the same system also that thought Globo was a cracking investment when some of us very publicly said it was a fraud. Which system could be so bad? Step forward Ed Croft and Stockopedia and he says that Nigel Wray invests in "sucker stocks"?. I explain why Ed's system is bound to have some horrible failures and miss a stack of big winners. In this podcast I also look at Vitesse (VIS), Tern (TERN), Inspirit (INSP) which has a mega spoof today and Online Blockchain (OBC) where I am just a confused old dinosaur.
2283 days ago
Sorry this podcast is a bit brief as I am ill. In it I look at IQE (IQE) where I wonder if my bearishness has trumped the bullishness of Paul Scott. I look at Starcom (STAR), Tern (TERN) and Cloudbuy (CBUY)
2290 days ago
Shares in Tern (TERN) are today off by 9% at a 2.75p offer after news of the latest conversion of death spiral loan note. There is more on that to come and that may well see the shares fall sharply from here. But there was another route.
2368 days ago
RT may change its mind but as things stand I am about to head off to BBC Bristol to record an interview on Russian Collusion in the US Elections. I am happy to do my bit for the President (that is Trump not Putin). We all know who the real criminal is in this affair. Meanwhile I discuss On Line (ONL) but even greater madness at Intelligent Energy (IEH) where one Bulletin Board Moron is in full flow and the (worthless) shares are up by 70%. Then it is onto Tern (TERN), Servision (SEV), another few comments on Andalas (ADL), 13 Energy (I3E) and finally a detailed look at the rum and coke statement from worthless Boxhill (BOX). I hope Cynical Bear will give Boxhill an even bigger duffing up overnight.
2449 days ago
On Friday at 4.30 Tern (TERN) announced that it was raising £300,000 on a first come first served basis via PrimaryBid. It would perhaps be fair to say that our extensive coverage of this company has not been universally bullish.
2621 days ago
Given that Device Authority Limited represents almost 100% of Tern’s (TERN) investment portfolio and thus is very material to investment performance and its share price why is there so little financial disclosure about the performance of Device Authority in accounts of Tern Plc? In terms of potential excuses that Tern might offer;
2745 days ago
Tern (TERN) has today announced that it has invested another £2 million into Device Authority. We wish it well but can it be guaranteed to pick good investments. Let's have a butchers at Push Technology Limited.
2752 days ago
We have challenged Tern (TERN) repeatedly on the basis of its valuations of its investments previously. Well now we have accounts out for its major investment, Device Authority.
2756 days ago
Why is the FTSE 100 going up? Ask my friend the IRA man about his new mountain jacket. Elsewhere I look at Tern (TERN) and make a general point or two, at Iofina (IOF), Progility (PGY) and at Sports Direct (SPD). Capitalism is always the most efficient regulator not the State.
2780 days ago
Tern (TERN) is very excited about Device Authority which it values at £7,144,288 which represents over 98% of the net assets of the company. So Tern’s credibility when valuing investments is important. So let’s have a look at its historic track record.
2837 days ago
I spent the morning at an ante natal class with the Mrs. Hell's teeth I am a feminist don't you know? But the whole experience left me feeling just rather old and I discuss why. Then it is onto today's ramptastic news from Horse Hill and I explain what it actually means. I waltz through Gulf Keystone (GKP) - bear squeeze - Stanley Gibbons (SGI) - recovery play? - and Guscio (GUSC) - Nigel Wray play. Then it is onto Tern (TERN), Gable (GAH), IGAS (IGAS) and Golden Saint (GSR) where I discuss why today's RNS really is just bollocks and how bulk sampling really works.
2857 days ago
The worst newspaper in the world in the truth and analysis department is the Guardian and its worst columnist is the loathsome haridan Polly Toynbee. Silly Polly has today caused the stockmarket to surge as I explain. I then move onto FastJet (FJET), Teathers Financial (TEA), Tern (TERN) & Nigel's dynamite expose today and an array of AIM crack whores: Servision (SEV), Eden Research (EDEN) and Cloudtag (CTAG). Warning: this podcast contains some very bad language.
2858 days ago
The worst newspaper in the world in the truth and analysis department is the Guardian and its worst columnist is the loathsome haridan Polly Toynbee. Silly Polly has today caused the stockmarket to surge as I explain. I then move onto FastJet (FJET), Teathers Financial (TEA), Tern (TERN) & Nigel's dynamite expose today and an array of AIM crack whores: Servision (SEV), Eden Research (EDEN) and Cloudtag (CTAG). Warning: this podcast contains some very bad language.
2908 days ago
Nigel Somerville resisted the urge to heckle his "good friend" Angus Forrest of Tern (TERN) who - to his very real credit - bravely attended the UK Investor Show and even popped in to hear me present on why Chris Oil should go to jail. To see why Angus believes Tern shares are cheap, watch the video below
2923 days ago
I really am not sure that I believe a word of it or even understand half of it but in the interests of balance here is a note out today from the house broker to Tern (TERN), Peterhouse. The house broker is, shall we say, not always regarded as impartial. But at least its enthusiasm will annoy Nigel Somerville.
2994 days ago
I have composed a short poem for Mr David Lenigas, yes Jabba The Hutt gets a St Valentines day message from me. In today's contest I would like you to compose a poem for someone else who's portfolio deserves massacring, market abuser Chris Oil, PR genius Steffi, Cyril d'Silva from Golden Saint or perhaps Nigel Somerville has a poem for Angus Forrest at Tern. But can you better my four line offerings below? ( all poems must be in this style)
3057 days ago
I seem to be struggling to do business with my olives here in Kambos, Greece. I appear to have sold the oil - all bar 16 litres which I am taking back to the UK. But so far I have paid the press 16 Euro for the transaction which now sees it owning 200 litres of MY oil. Surely this is not right? Perhaps InternetQ (INTQ) runs the olive press? In this podcast I also cover LGO Energy (LGO) just to keep Wildes happy - Jabba the Hutt fave Rare Earth Minerals (REM) and European Metals (EMH), Concha (CHA), Tern (TERN), Imaginatik (IMTK), Peer TV (PTV) and the looming debacle at Chris Oil fave Mkango Resources.
3132 days ago
I am in a very good mood today whick means that this podcast is dripping with venom. On the agenda/ hit list: CEB Resources (CEB), EServGlobal (ESV), Rose Petroleum (ROSE), Jiasen (JSI), Geong (GNG) and Tern (TERN). Now I must go and prepare for my great debate tonight with the Evil Bankster.
3150 days ago
Another day and another entrant emerges in the ShareProphets TERNer prize for our readers for asking Geekish questions about the real value of the tech of AIM Casino listed Tern PLC (TERN). Today's entrant is Geek number one with a second try. Over to CryptoBod:
3150 days ago
A relatively short podcast today from Shipston in Warwickshire as I am recovering from falling down the stairs. No. Before you ask, I was sober as a judge. On the agenda today: a chat with Nigel Wray, Sefton Resources (SER), Gable (GAH), Herencia Resources (HER), China Chaintek (CTEK) and Tern. I forgot to mention Audioboom (BOOM) - more on that tomorrow.
3153 days ago
A wide ranging podcast today from my rather cold garage in Bristol. Why oh why cant I be in Greece? In today's issue I sart with the disgraceful antics of the directors of AIM casino shocker The Hotel Corp (HCP) and Shore Capital. Pledge your support to Marcus Yeoman [email protected] now! Then I turn to Oxford Instruments (OXIG), SQS Software (SQS) which gets a major doing over, Fitbug (FITB), Tern (TERN) and M Winkworth (WINK) where my thoughts are more about UK house prices than about the company itself.
3154 days ago
Geeks are like London buses. It seems you wait ages for one and then they all come at once. Unfortuanately for Tern (TERN) it is Tern that they are coming for. We just posted a detailed critique from one Geek HERE and a second one pops up with a short volley of additional questions:
3154 days ago
I am always amazed at how much some of our readers know about their specialist subjects. Reader CryptoBod appears to be a prize geek but his thoughts on Tern (TERN) posted on this site today merit a wider audience, He writes:
3154 days ago
A play on the great Margaret Thatcher speech from 1980. If you have forgotten it the video is below. In this podcast I look at Greece and its Election. It does not matter. Whover wins the most votes Angela Merkel will still be running the Hellenic Republic after the polls close. Then onto an interesting threat to stockbrokers such as Hargreaves Lansdowne. Finally onto Tern. I do not dislike Angus Forrest but discuss issues of corporate transparency and valuation.
3156 days ago
What can I say other than that the poster below is a unmitigated tool. From the ADVFN asylum, Tern thread meet TEN BAG MAN:
3157 days ago
The market abuser Chris Oil should be prosecuted for wasting Police time as he has reported me to the Police for harassment. Surely the silly boy saw what happened to Angus Forrest of Tern (TERN) when he tried the same. It appears not. Sadly for me the Old Bill has decided to drop the matter after getting a snotty email from me. That is a shame, this is a Court battle I’d have loved. Anyhow, today’s silly email chain is below:
3256 days ago
I start the podcasts with some observations about a flurry of road repairing here in Greece and explain what is going on. I then move onto geo political risk which is not discounted in equity valuations and to the general abandoment of risk assessment in small caps with reference to Daniel Stewart, ValirX and Tern.
3281 days ago
No-one could accuse this website of giving Angus Forrest and Tern (TERN) an easy time but full credit to Forrest for pitching up at the UK Investor Show 2015, shaking my hand and giving a presentation. Whatever I have said about him in the past that requires a bit of nerve.The video is below.
3320 days ago
In today's podcast I reflect on all the moron comments on Bulletin Boards every time Ive been threatened with legal action by crony capitalists or outright crooks. I forgot to mention Angus Forrest of Tern in that list but it did not work out to well for him just like threats from Globo, Range Resources, blinkx, Quindell, Cupid, Sefton, TXO and now Worthington as well as the clowns in charge of the LSE Asylum all ended up badly for them. Get used to it folks, I pick my targets carefully and I win! I then have a shock revelation about TXO before going on to discuss eServGlobal, Rosslyn Data, Mosman Oil & Gas and more.
3326 days ago
Today’s AGM from Tern (TERN) has thrown up a statement which is – as you would expect – meaningless gibberish. I refer mainly to cash – always an issue with companies run by crony capitalist Angus Forrest, a man who was told by the Old Bill that he was silly for trying to have me arrested a few weeks ago (see HERE).
There is the usual bullish guff about the investee companies but it is clear that they are both burning cash. Another historic trait of Forrest ventures.
3332 days ago
Hi this is NOT Lloyd Grossman in this podcast. I discuss the court battle ahead plus also Igas, Tern, Bango - as in Bingo Bongo Bango - Mopowered, Superglass, Webis - and my old pal Jim Mellon, Golden Saint and the dog Beowulf.
3336 days ago
Given the sheer insanity of the LSE Asylum Quindell (QPP) thread last week and forthcoming Worthington (WRN) events and the denial among Afren (AFR) shareholders the competition is back but is limited to just these three stocks. Afren is a basket case the other two are fraudulent basket cases. Update: The Deputy Sheriff of AIM insists that postings on Tern (TERN) are deranged enough to be included.
3339 days ago
I start with admin matters: I shall be served with an injunction by Aiden Earley, shadow director of the fraud Worthington at 4.30 PM and have a few snippets of bad news for Aiden. I congratulate Brokerman Dan on being named the share blogger of the year. Then to business. In this podcast I touch on Quindell, Move onto William Sinclair, Jiasen ( a China Norfolk), Tern, Sareum and Afren.
3346 days ago
I have just taken a call from Lavender Hill Police station because crony capitalist Angus Forrest of POS Company Tern (TERN) has reported me for harassment. I had a great chat with a very nice police officer who said that the case was no closed and that Mr Forrest would be told “there is no case”.
I pointed out that three times in the past few weeks this website has pointed out that Tern has issued a statement via RNS which is factually inaccurate and that Tern has then had to publish a correction. Our job is to save investors by pointing out such matters and that is not harassment. The police officer agreed totally describing Mr Forrest's complaint as "silly."
Memo to Angus Forrest: Stop
3359 days ago
Individuals commit fraud not companies. We have lost that understanding over the past 30 years and that is the great failure of regulation for the banksters and the AIM casino. I discuss this concept and then go on to call for suspensions of individuals as well as trading in the shares for four companies: Quindell, Tern, Alpha Returns and Worthington.
3375 days ago
Over the weekend I published my latest book, 49 Red Flags, how to avoid buying shares that will plunge. As a taster here are Red Flags 2 and 3, featuring Sefton, Quindell and Tern. You can get a free copy sent to you today by filling in the form HERE
Rule Two:
3377 days ago
In today's podcast I look at Afren and the next Afren (Igas) and also at Tern and a zillion reasons to sell its shares. I have some pressing questions for Nyota Minerals and look at Quindell and comment on the great news about Kevin Ashton and the UK Investor Show. And I chat about Ocean Wilsons, Mark Slater and the perils of small cap investing.
3394 days ago
In this short end of week podcast I look at the issue of sub critical mass companies on the AIM casino starting with Hunter Resources but en passant looking again at the POS enterprises that are Tern and Touchstone Gold. I look at housebuilders, Qihang Equiment and the three remaining Fuijian Norfolks: Camkids, China Chaintek and Jiasen
3395 days ago
Yesterday 12 journalists were murdered by those who deny free speech. Today on the LSE asylum others who do not believe in free speech are at work. They may not be murderers but they are no less despicable. I start with that matter and Quindell and move on to cover Kenmare, Global Energy Developments, Tern, Igas, Sainsbury and Tesco, Touchstone Gold and Northwest Investment Group.
3396 days ago
Quindell (QPP) later. For now I look at Boohoo, ASOS, Sainsbury, Majestic Wines, whether online retailers should get a premium to offline retailers and comment en passant on Range Resources and Tern but in detail on IGAS and in total detail on the disgraceful behaviour of Mr Steve Berry and Touchstone Gold. This is truly disgusting and the man has no place on the AIM casino while Touchstone is officially a POS.
3397 days ago
Why am I in a good mood? The promise of dinner with Ms Argyle next week perhaps? I do not know but it all flowed out today in this podcast. So on the agenda: BP, Tern (target price 2p because I am a generous nice guy - but don't let on as I have a reputation to protect), Asia Resource, Nanoco, LGO Energy and oil stocks again.
3398 days ago
Deputy Sheriff of AIM, Nigel Somerville has just published evidence of total horrors at Tern (TERN) - HERE - which will cause private punters awful one month losses. The crony capitalists meanwhile get to enjoy coke and hookers all round. This is, at best, grotesque negligence and at worst it is outright deception. Heads must roll for this AIM Casino omnishambles.
3399 days ago
The working year starts a proper and I am in a good mood which is bad news for the low life on the AIM Casino. On the agenda today: Enegi Oil, LGO Oil, Iofina, Mosman Oil & Gas, oil stocks, Chris Oil & his share tips, Globo, Naibu, Jiasen, Camkids and China Chaintek ( the China Norfolks), Quindell, and - in some detail - Tern.
3401 days ago
Leopards do not change their spots. In this podcast I look at the omnishambles which is the fraud Quindell, at Tern (the Deputy is going to get you Mr Angus Forrest!), at Motive TV ( I am going to get you) and at Peter Landau and Black Mountain - I am going to get you Pete Landau. There are also more words of praise for the one and only Paul Scott.
3401 days ago
It is a special Bearcast as I make a number of Sheriff of AIM New Year Resolutions. And then I go onto to explain why the following are the least wanted men on the AIM Casino and what I plan to do about it to make their working lives a living hell in 2015:
3447 days ago
Tonight we party. I am a very happy bear. The Real Man Christmas party is now a V Party. that is V for Victory and V for Vindication. Quenron (QPP) is on the ropes. In today's podcast I cover Quindell, President Petroleum, Tern and my old "mate" Angus Forrest, Camkids and China frauds, Cenkos, Forte Energy, mining juniors and more.
3581 days ago
Angus Forrest of Tern (TERN) has asked that we publish in full a letter in which he laments the piss poor journalism of Tom Winnifrith and Nigel Somerville. We are delighted to publish Mr. Forrest’s letter since we believe it incriminates him even more in scandal. Our response will follow within thirty minutes. Forrest writes:
Dear Sirs,
Many unfounded allegations have been made against me and my colleagues concerning our time at Digital Learning Marketplace (DLM).
These allegations have been made at the UK Investor Show and on the Share Prophets’ website by Nigel Somerville and Tom Winnifrith
3581 days ago
We are pleased that Angus Forrest has given his side of the story with regard to what went on at DLM in 2012 - HERE. Whilst we believe his explanations fall short of satisfactory, at least he has taken the time and trouble to respond to some of the questions raised but we still call for the noose. Answering his points in turn…
Many unfounded allegations have been made against me and my colleagues concerning our time at Digital Learning Marketplace (DLM).
These allegations have been made at the Investor Show and on the Share Prophets’ website by Nigel Somerville and Tom Winnifrith
I wish to clarify to the readers of Share Prophets that at no time did Mr Somerville or Mr Winnifrith contact or meet me to corroborate any of the allegations made against me or anyone else that has been accused of “malfeasance” across some 15 separate articles. As a result I would like to take this opportunity to publicly respond to as many allegations as I can detect from the various disjointed articles published on Share Prophets.
They are not unfounded. Much of what has been said is based on announcements and documents for which Mr Forrest was himself directly responsible. We note that certain allegations including the misleading CV Mr Forrest posted on the Shareholder Circular which saw him elected to the board of Tern (TERN) are not addressed. Why not? Because no amount of sophistry can hide the fact that Mr Forrest misled.
First,
3581 days ago
I have flagged to AIM Regulation the numerous failings of Roland “Fatty” Cornish and his Nomad firm Beaumont Cornish. Once again I have written to Regulation today asking it to investigate why Fatty allowed Digital Learning Marketplace to publish as an RNS a total lie in August 2012. My start witness is….Angus Forrest now at Tern PLC (TERN) but then at DLM. Forrest is an honourable man and so has, I suspect inadvertently, dobbed Fatty in to The Sheriff of AIM
My letter follows:
Dear Sirs.
The standing of the Casino that you regulate, namely AIM, is dependent on Nomads who are responsible for the veracity of RNS releases ensuring they are true. In that vein I bring you an allegation made by a fine upstanding citizen Mr Angus Forrest in which he explicitly states that Mr Roland “fatty” Cornish of Nomad Beaumont Cornish signed of an RNS knowing it to be untrue.
Naturally I believe every word that Mr Forrest says and so ask you to investigate this matter. For if this allegation is true AIM must surely withdraw the permissions of Beaumont Cornish to act as a Nomad lest its pristine reputation be in any way tainted.
On August 10 2012 DLM
3597 days ago
For the fourth time I have written to AIM regulation asking for a formal investigation into whether Roland “fatty” Cornish and his firm Beaumont Cornish carried out its supervisory duties adequately in the period June-September 2012 with regard to Digital Learning Marketplace (DLM), now Alpha Returns (ARGP), a firm then run by crony capitalists Angus Forrest & Bruce Leith who are now running Tern PLC (TERN) into the ground. This is prompted by the shock whistle-blower letter from July 17 2012 which I published in full yesterday, HERE.
That letter was sent to Fatty.
3597 days ago
With thanks to Spandau Ballet, I open what I hope will be my final piece on the matter of Angus Forrest, Bruce Leith and Tern (TERN) – at what point do the non-exec and advisors realize that without regime change this company is uninvestable and will thus go bust? For shareholder’s sake one hopes that point is now.
Deputy Sheriff Comrade Nigel Somerville, of the 1st Oxfordshire Peasants Army laid out the rap sheet against Forrest and Leith in full at the weekend HERE.
Over the past ten days in excruciating detail he and I have shown how at Digital Learning Marketplace (and indeed at Tern) the two men have systematically misled investors with statements that were untrue or by not revealing information germane to the investment case.
Tern is more or less bust anyway
3602 days ago
A letter sent on 17th July 2012 by a whistle-blower to Roland “fatty” Cornish of Beaumont Cornish, Nomad to Digital Learning Marketplace (DLM) now Alpha Returns (ARGP) relating to its financial position and the conduct of Angus Forrest & Bruce Leith has fallen into the hands of The Sheriff of AIM. Oh dear, oh dear...shall I publish this explosive document and ruin some crony capitalists? Hmmmmm.
This letter was ignored. It makes it abundantly clear that Fatty was not performing adequate regulatory oversight (I feel another letter to AIM Regulation is on the way) and that Forrest & Leith are not fit to run Tern PLC (TERN) where they are, pro tem, in charge.
The letter is from an associate of Andy Hasoon who was suspended as CEO on 16th July, something that Fatty, Forrest & Leith failed to tell the market about as they should have as I revealed HERE. The letter reads.
3603 days ago
Not that I wish to influence your vote in any way but surely you must now have enough reasons to consider voting for Angus Forrest of Tern (TERN) in the “lifetime Achievement for value Destruction” category in the AIM Cesspit awards. But maybe you think there are stronger candidates.
3603 days ago
The calls for intervention in Iraq to stop the uprising by Islamofascist nutters grow louder by the day. We were wrong to invade Iraq illegally in the first place (thanks a bunch war criminal Blair) and we would be wrong to intervene in the latest mess.
In this video Tom explains the Ron Paul theory of “blowback” and the folly of Western intervention at every level.
Tom’s financial postcard covers Quindell, Tern and why an RNS lie on the AIM Cesspit always matters. It can be viewed here.
3603 days ago
Earlier today one of the deputy Sheriffs of AIM, Comrade Somerville, flagged up massive issues with the CVA agreed by Digital Learning Marketplace (DLM), now Alpha Returns (ARGP) under the watch of Angus Forrest and Bruce Leith, the two men now running Tern PLC (TERN), into the ground. But Deputy Somerville misses out a couple of points which just add to the scandal which, in a just world, would mean Forrest & Leith swinging on a corporate noose this week.
Some might say that CVAs are complex and that Forrest & Leith could be forgiven the odd error (albeit some pretty massive ones). But that would be to ignore their track record.
3608 days ago
Tern (TERN) chairman Angus Forrest is fleeing the country. Okay, I exaggerate, he is on a boat to France as he prepares for a week’s holiday. How do I know? Because he has just called me. Forrest tells me that what I am about to publish is confidential. But since it is explosive does he think I give a FF? Come on DLM (now Alpha Returns), Forrest, Bruce Leith go send me a lawyers letter if you want.
The Sheriff of AIM is not scared by such threats and Angus Forrest and Bruce Leith, as of yesterday, are officially “in sights” - see HERE
On 14th August 2012 Digital Learning Marketplace run by Angus Forrest and Bruce Leith issued this RNS:
3609 days ago
Angus Forrest the chairman of Tern (TERN) and his sidekick Bruce Leith must be sacked at once for the series of lies they told while running AIM Cesspit listed Digital Learning Marketplace between June and September 2012 and for the clear corporate malfeasance that took place. The are now officially "In sights" and the Sheriff of AIM is on the warpath - see HERE. The list of Forrest's crimes exposed here is growing so just to start of what will be a blitz of revelations I offer him an easy opener. When did DLM part company with its CEO Andy Hasoon?
3609 days ago
The Sheriff of AIM has Angus Forrest of AIM Cesspit listed Tern PLC officially “in sights” as you can read HERE. You can expect a series of bombshells over the next forty eight hours and if that does not end his PLC career then I guess that I shall have to keep going.
In light of this I invite your suggestions for a caption for the picture below. Please post them in the comments section beneath this article.
3609 days ago
Oh dear. Oh dear. If Angus Forrest, the chairman of AIM Cesspit listed Tern PLC (TERN) was having a bad weekend it just got a lot worse as a raft of new documents have fallen into my possession regarding events at DLM (where he was chair) back in July-September 2012. And as for DLM’s Nomad, Roland “fatty” Cornish? Roland, do you just ignore whistleblowers and allow your clients to lie to investors? Fatty you are also deep in the merde now. I have a damning email which you do not wish to seepublished. Oh dear I am not the sort of guy not to publish am I?
But, for now, the Sheriff of AIM has had a good lunch with Mrs Sheriff and is off for an afternoon snooze. I will then start publishing extracts from the documents and emails one by one, demonstrating that Forrest LIED systematically on a range of issues in RNS statements signed off by Fatty. And that his co-director Bruce Leith was in on it all.
3610 days ago
I have now twice demanded that Tern PLC (TERN) sack Angus Forrest and Bruce Leith because of statements made when they ran Digital Learning Marketplace (DLM) - now Alpha Returns (ARGP) in 2012. But it gets far worse…
To read my first demand for the heads of Forrest and Leith click HERE
To read my second demand for the heads of Forrest and Leith click HERE
The issues are that the two men were responsible for RNS statements that were quite frankly lies. The first (August) concerned an unconditional contract that was in fact a conditional contract. That act of misleading allowed a placing to be undertaken. The second was a September AGM statement which was upbeat. But at the same time the CVA of DLM’s main operating unit was already underway, the contracts had gone and DLM itself was heading towards a CVA.
This morning I have been told by a reliable source
3617 days ago
I outlined on Friday why Tern PLC (TERN) must fire its chairman Angus Forrest and his gopher sidekick Bruce Leith NOW. Quite simply they have been shown to have committed corporate malfeasance and to have lied to investors at the last POS company they were in charge of – what was then Digital Learning Marketplace (DLM) and is now Alpha Returns (ARGP). I have written – as you can see HERE - to the Nomad (John Wakefield at WH Ireland) and Non Exec, Laurence Read ( a totally honourable man) demanding that they fire the two crony capitalists at once. But it gets worse.
3617 days ago
Nigel Somerville has earlier today (HERE) published the most extraordinary evidence of corporate malfeasance at what was Digital Learning and is now Alpha Returns (ARGP). The two directors exposed by Nigel now run Tern PLC (TERN), another sub scale investment company on the AIM Cesspit. I demand that they be fired NOW!
The FCA and other watchdogs are fully aware of the evidence that Nigel has gathered and investigations are underway. The Non Exec at Tern Laurence Read is an honourable guy and he could choose to wait for the official regulators to act. However the evidence is now out there in the public domain. The Sheriff of AIM has a noose at hand and suggests that Read and Nomad John Wakefield of WH Ireland use it. Forrest and Leith must go NOW!
In that vein I have just written to John and Laurence as follows.
Dear Laurence & John.
3804 days ago
Tern (TERN) is the new name for a disastrous oil company called Silvermere. At least Silvermere tried to do something useful (produce oil), Tern is just another AIM Cesspit do-nothing posterboy investing company. And it cannot even bring itself to tell the truth.
