3478 days ago
We hope that this cartoon which is more than 150 years old explains how the LSE came up with the idea of the AIM Casino. The many bring their wealth in and buy shares and the money goes to the managers of the offerings (City Crony capitalists) and the Directors. Shimple, sheeple. To win today’s contest simply post your captions in the comments section below.
3506 days ago
There is so much wrong with AIM. China frauds seem to list at will. Companies can lie without censure. Folks like Sean Nutley at Silverdell and Rob Terry at The Innovation Group (where is he now BTW?) just “get away with it. Investors have completely lost trust in the Casino. It is a joke. The LSE could change it simply by getting the hapless bunch of complete cretins at the AIM Regulation Team to enforce rules, to kick off piss poor Nomads who float crap (Daniel Stewart) and to publicly name and shame. But instead it tinkers with the rule book. Top broker Andrew Monk of VSA weighed in this morning with this comment:
3695 days ago
Why are so many in the City so keen that the matter of OEM (OEM) the fully listed company that went tits up in 2009 be buried and hushed up? I have revealed in recent days how administrators at Baker Tilly are going after four directors for £6 million that disappeared and how this leaves accountants Hacker Young so red-faced. Now let’s turn to the London Stock Exchange.
OEM as fully listed. Hence regulatory responsibility lies not with a Nomad as on AIM but with the UK Listing Authority, the LSE.
In 2005 OEM appointed as its Company Secretary a Brendon McDuggan.
3697 days ago
OEM (OEM) was a fully listed company whose shares were suspended in 2008 after it emerged that the asset backing folks thought was there had er…gone missing. A couple of years later it was wound up. And certain individuals must have hoped it would end there. But it has not. A reliable source has told me that a £6 million bombshell is on the way which will embarrass a lot of well known City players.
The directors appointed accountants Hacker Young as administrators. Its initial report found nothing was amiss. The UK Listing Authority did nothing. The Old Bill did nothing. “Move along now plebs you have lost your money now piss off” was the official line.
But it appears that Hacker Young was removed as the administrator at some stage and we gather that the new administrators, Baker Tilly, will shortly send a letter announcing that they are going after four directors for £6 million
