The FRC

61 days ago

Tom Winnifrith Self Reports to the FCA, AIM Regulation and AQSE Regulation over Amazing AI and other falsely alleged short selling

Paul Mathieson of Amazing AI (AAI) says that he will report me to all the regulators. To save him the effort I have today reported myself to the FCA, AIM Regulation and AQSE Regulation requesting a full investigation into the allegations against me. I do not short sell, I do not profit from short selling, I am not part of a gang and, as such, suggestions that I am are defamatory. Let’s get the FCA and all the regulators to investigate me in full. I want the regulators to investigate every aspect of my finances so to clear my name once and for all. That would, of course, give me the option of a low cost route to commence legal proceedings against those who suggest otherwise. Remember the onus of proof is on those making the claim.

756 days ago

Tom Winnifrith Bearcast: the apparent resignation of Victoria's auditors Grant Thornton

There has been no RNS but i am told it has happened so I discuss all matters Victoria (VCP) in detail. I also look at Alpha Growth (ALGW), reported to the FRC today, Tintra (TNT) to be reported tomorrow and to the FCA as well, Vast Resources (VAST), Ben’s Creek (BEN), Horizonte Minerals (HZM), Imperial Brands (IMB), Chill Brands (CHLL), HS2 and my date tomorrow with the Cheshire Filth.

759 days ago

Tintra – Part 2: is the £1.5 million debt instrument still materially overvalued & more, another letter to the FRC is on its way

Part 1 of this report will be passed to the Financial Reporting Council today as will this article. Both Tintra (TNT) and its tin pot auditors BSS & Co need a formal censure and fine. I continue…

993 days ago

BOMBSHELL EXPOSE: Alpha Growth results – wholesale breaches of IFRS, FRC should be all over this!

Alpha  Growth (ALGW) published its accounts for the year ended 31 December 2022 on Tuesday. The FRC should be all over this one as the breaches of IFRS rules are material and on an industrial scale.

1002 days ago

KPMG and an ex partner already put out to pasture get another pointless FRC fine and nobody cares: it's sham justice

Your starter for 10: How long, before today, is it since KPMG was last reprimanded and fined by the FRC? Monk (Oriel College Oxford): Eight days! Correct! You now have three questions for five points each on lies told by Caracal Gold (GCAT). Today’s fine for KPMG is, of course totally meaningless but relates to the audit of The Works.co.uk (WRKS) for the year end 26 April 2020. KPMG really fucked up here and to reduce the fine admitted so very quickly.

1061 days ago

Versarien Annual Report out: what it was hiding part 1 – the heroic Graphene growth assumptions supporting nil impairment

Finally, a week after publishing dreadful results Versarien (VRS) has published its full annual report for the 18 months to 30 September 2022. When this company goes bust, what it was hiding will be used to drag it and auditors BDO through hell and back, via the FRC. The main issue is goodwill and the balance sheet but there is also the pay rise loathsome  Neill Ricketts was given.

1712 days ago

Detailed analysis: First Derivatives cleaning up its act thanks to me, Matt & the FRC but still a joke valuation

Thanks to the pressure applied by major dossiers and a string of exposed published by myself and by the Dark Destroyer, Matt Earl, a new management team at First Derivatives (FDP) has started to clean up its act. I got the FRC to force it to change its misleading accounts. And the old, very whiffy related party/Panama Pump deals of the ancient regime are gone. But yesterday’s results show that without the gloss of aggressive accounting and dodgy deals, what is left is a dull business but still one on a glamour rating. My original bear call – sell at £46 on 28 June 2018 – was spot on. The shares are now £22.25 to sell but still a slam dunk sell. Here is why…