8 days ago
Welcome to death row on the curious world of the AIM sewer. Waiting for that final walk to the gurney were Clem Chambers’ Online Blockchain (OBC), obvious wrongun’s Tintra (TNT) and Advanced Oncotherapy (AVO) which should have had its last meal on December 31. Today: two took that final walk.
38 days ago
I start with the olive harvest here at the Greek Hovel and across Greece and the theft of olive branches. Then I look at Bidstack (BIDS), Ben’s Creek (BEN), Upland Resources (UPL), see the tweet below, and Tintra (TNT) and the monstrous failing of AIM regulation (again)
38 days ago
I say this with the greatest respect to good friends at Nomad Allenby but in the scandal of the fraud Tintra (TNT), the AIM Company of the year 2022, they have behaved in the most shameful manner. I really do not know how they can sleep at night. At 11.02 AM today Allenby quit as Nomad and broker leaving the shares suspended. That came 2 hours after Tintra published a circular (for which Allenby will have earned a fat fee preparing).
49 days ago
I start with it being the first day of Advent and a moan about folks starting Christmas far too early. Then onto Skinbiotherapeutics (SBTX), why I am not selling and a suggestion for Stuart Ashman, a serious one, on how he can regain investor trust at a stroke. Then it is Tintra (TNT), Ceres Power (CWR), free speech on this website, Totally (TLY), Vast Resources (VAST) and Rua Life Sciences (RUA),the sponsor of today’s ouzo moment.
49 days ago
After hours on Tuesday in an RNS Tintra (TNT) announced its “Intention to Seek Cancellation from Trading on AIM”. Oh dear. I have warned you so many times that the AIM Company of the year 2022 was a nest of snakes. Of course, so many Bulletin Board savants knew better. This is a scandal that AIM Regulation should be all over like a rash, having failed to deal with so many issues over the years despite explicit warnings on this website
58 days ago
In today’s podcast I look at why charting is folly, musicMagpie (MMAG), Tintra (TNT), Empresaria (EMR) and numerous lessons we can all learn and Lift Global Ventures (LFT) run by brown envelope man Zak Mir and why its results are so utterly misleading.
64 days ago
Tintra (TNT) shareholders are currently awaiting developments in the proposed development of LRB 35 Limited’s proposal to make a tender offer to purchase up to 29.9% of the issued share capital of Tintra Plc at 150 pence per share. Mr Market doesn’t think is going to happen given Tintra’s shares are currently at a mid price of 75 pence per share.
73 days ago
In today’s podcast I start with another couple of thoughts on the war in Ukraine and why a peace deal could see Eurasia Mining (EUA) have to ‘fess as to the lack of any real bidder and go to zero. I also look at a raft of other possible zeros discussing the reasons why for Verditek (VDTK) where my analysis suggests it is already essentially insolvent, Tintra (TNT), Mosman Oil & Gas (MSMN) and Boohoo.com (BOO). I also comment on the pre bailout pump at Guild ESports (GILD) – oh and a new speaker at ShareStock has been announced HERE.
73 days ago
Tintra (TNT) announced today that the previous possible offer for 100% of the company at 150p per share in cash announced on 7 September was being replaced with a proposed tender offer for up to 29.9% of its issued share capital at 150p per share. Tintra also announced that the Board intends to delist from AIM. This all stinks.
77 days ago
At 6.13 PM yesterday Tintra (TNT) issued its interim report for the six months ended 31 July 2023. Needless to say, it contains a raft of schoolboy accounting blunders.
85 days ago
I start on the topic in the strapline then discuss: Upland Resources (UPL), Tintra (TNT) and other spoof bids. Then it is onto Caracal (GCAT) a clear zero in waiting, ASOS (ASC) and why Gary is wrong, Dev Clever and why the FCA has no balls, CAB Payments (CABP), Regtech Open (RTOP) and the fraud Supply@ME Capital (SYME) .
105 days ago
On 3 October 2023, Tintra (TNT) made the following announcement:
107 days ago
In my first article on Tintra’s (TNT) accounts for the year ended 31 January 2023, I raised a question around why the auditor didn’t qualify its audit opinion given management disagreed with the auditor’s opinion that there was a material uncertainty over going concern. In the second article I highlighted concerns with the adequacy of the auditors work on the debt instrument. In my third note I looked at the two discontinued operations which were sold where more questions arise for the auditor. Now for the ten million dollar discrepancy.
107 days ago
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.
107 days ago
In my first article on Tintra’s (TNT) accounts for the year ended 31 January 2023, I raised a question around why the auditor didn’t qualify its audit opinion given management disagreed with the auditor’s opinion that there was a material uncertainty over going concern. In the second article I highlighted concerns with the adequacy of the auditors work on the debt instrument. In this third note I take a look at the two discontinued operations which were sold where more questions arise for the tin pot auditor BSS & Co..
110 days ago
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…
110 days ago
I start with Joshua’s bonus Welsh lessons then it is onto Boohoo.com (BOO) with my thoughts and those of matt Earl. There is Tintra (TNT) and also Belluscura (BELL) and TMT Aquisitions (TMTA). Finally we have a date for Sharestock 2024 ( 7 September) as you can see HERE
110 days ago
Yesterday Tintra (TNT) published its 31 January 2023 accounts which were signed on 29 September 2023 which is something I wasn’t expecting to happen given the short tenure of the joke accountants on board.
129 days ago
I start with my video feed, Peter Brailey IT genius (not) and my cat. Then it is Kefi Gold & Copper (KEFI), Caracal Gold (GCAT), Bidstack (BIDS) and a real ouzo moment, Regtech Open (FRAUD) and Supply@ME Capital (FRUAD), Cavendish Finance (CAV), Vast Resources (VAST), Zephyr Energy (ZPHR), Nanosynth (NNN), Tintra (TNT), Olaf’s b/f the trainspotter and Ben’s Creek (BEN). For various other reasons I am in a bad mood and my language reflects this. Matthew’s dog and Catriona will love this podcast.
129 days ago
In its RNS of 1 September Tintra (TNT) informed shareholders that it had changed auditors part way through their audit for the year ended 31 January 2023 and stated that “Our decision to change audit firm is to enable audit completion by the end of September”. At the time I expressed scepticism about this proposed revised timetable and at 2.15 pm on Friday 29 September it appears that I was justified as no RNS of final results has yet appeared.
144 days ago
On 7 September Tintra (TNT) announced that it was under a potential offer from LRB35 Limited. LRB’s proposal was of a possible offer at a price of 150 pence per Tintra ordinary share in cash, with a share exchange alternative
165 days ago
Its shares are still suspended as it still cannot get out its annual report despite hiring a mickey mouse firm. But yesterday, Tintra served up some positive news, a possible cash offer of 150 pence per share with a share alternative subject to due diligence and the finalisation and documentation of financing for the transaction.
170 days ago
The other day I speculated that Tintra’s (TNT) new auditors, B.S.S (Accountancy Services) Limited probably only had 1 AIM client. As you can see HERE, it does and that client is Tintra itself. So much for all the bull about how this firm from Shifnal, Shropshire is staffed by ex KPMG chaps. If BSS’s partners are BSD’s I am a banana.
170 days ago
The latest RNS from Tintra (TNT), – shares suspended – raises even more red flags. This is shocking stuff and why AIM regulation is not all over it is mind boggling. Tintra has fired its auditor.
170 days ago
Shares in the AIM Company of the year 2022 remain suspended as it cannot get its accounts out on time. But still the news comes and it stinks. Tintra (TNT) has finally issued an update on its long awaited latest investment subscription at 1178p per share.
221 days ago
I recently commented on the poor optics of two director resignations at Symphony Environmental (SYM). Tintra (TNT) has also had two non-executive Directors resign from the Tintra Plc Board after only a short period of time, to take up non-board roles in the wider Tintra organisation. On 9 March 2023, Tintra announced:
248 days ago
Today Tintra (TNT) made the following announcement: “Update in relation to full repayment and termination of the Placement Facility”
260 days ago
Following on from the first bombshell exposes in today’s results from Tintra (TNT) there is worse to come and anyone holding the shares really needs to lube up as this is quite shocking.
260 days ago
Today, at a leisurely 9am just an hour before its scheduled AGM (for which notice was provided on 7 July 2023), Tintra (TNT) issued its unaudited results for the year ended 31 January 2023. That is not the act of scholars and gentlemen and naturally demands further scrutiny. What is being hidden?
266 days ago
I have warned you often enough that Tintra (TNT) would blow itself up and it has now issued a RNS stating it is faces delay in getting its audited accounts for the year to 31 January 2023 finalised after six months and might, as a result, get its shares suspended on August 1. This is a massive red flag but what is the problem?
267 days ago
First, thank you for kind words on my in-laws and yesterday’s burglary. Then it is onto Ariana Resources (AAU), Optibiotix (OPTI) and Skinbiotherapeutics (SBTX), Tintra (TNT), Canadian Overseas Petroleum (COPL) and Argo Blockchain (ARB).
274 days ago
The cheque is in the post. No honest guv it really is! Today Tintra (TNT) issued the following RNS:
280 days ago
In today’s RNS Tintra (TNT) says that it has repaid the “placement facility” and stated:
293 days ago
In its business update of 9 June 2023 (TNT), Tintra announced that the $10 million investment announced on 10 March 2023 at 1178 pence per share which was to be made 45 days after the establishment of an Special Purpose Vehicle (SPV) still hadn’t arrived and that the agreement date was now extended until 10 July 2023.
337 days ago
On the Friday before the Coronation, mid morning so that fewer folks would notice, came a bombshell from Tintra (TNT), an apparent bust up with its death spiral provider.
337 days ago
In today’s Bearcast I discuss: Aptamer (APTA), Supply@ME Capital (SYME), Tintra (TNT), Versarien (VRS), Advanced Oncotherapy (AVO) and Colin Bird’s Bezant Resources (BZT).
343 days ago
I am still celebrating Star Wars Day and discuss Tintra (TNT), Argo Blockchain (ARB), Deepverge (DVRG), Microsaic (MSYS), the madness at Mosman Oil & Gas (MSMN) and the black hole at Bidstack (BIDS), hence its delayed results
371 days ago
On 29 March Tintra Acquisitions ( now renamed Indomanager), the former intermediate holding company through which Richard Shearer formerly held his stake in for Tintra Plc (TNT) filed amended full accounts for the period from incorporation to 31 March 2022.Unfortunately….
375 days ago
On 30 March 2023 Tintra (TNT) announced that Dr Joe Lyske, the Company’s Chief Science Officer, had purchased a further 47,207 ordinary shares of 1 pence each and now holds 108,002 Ordinary Shares (equivalent to 0.67% of the issued ordinary share capital). The aggregated information reveals that the average price was 106.7 pence per share making around a £47,000 investment.
390 days ago
On 17 March 2023 Tintra (TNT) announced that:
400 days ago
Even Stevie Wonder can see the red flags waving here. And you don’t need any sense of smell to detect the stench at Tintra (TNT). It continues to raise money at a massive premium to its current mid share price of 150 pence and to an ongoing death spiral conversion. The RNS issued on 10 March indicates that another unidentified investor is paying 1178 pence per share as set out below:
422 days ago
I am on the mend but very slowly and still in pain so a shorter than normal bearcast covering Home Reit (HOME), Tintra (TNT – target price 0p – and Caracal Gold (GCAT) also a zero despite today’s deceptive RNS with Andrew Monk’s VSA Capital’s name at the bottom. Now back to bed.
422 days ago
We continue the series of exposes which any sensible regulator would have acted on already. Luckily for Tintra (TNT) it is listed on the AIM sewer so the Oxymorons at AIM Regulation appear happy to do nothing. Tintra 3.0 Limited accounts for the period ended 31 May 2022 have now been filed at Companies House and were stated as being signed by Abdul Sajid, the Tintra CFO, on 3 February 2023. As described in extracts from Tintra RNS announcements of 24 November 2021 which announced the joint venture, Tintra 3.0 is a crucial part of Tintra Plc’s future business plan:
425 days ago
In today’s Bearcast I look at Tintra (TNT), Inspirit Energy (INSP), MJ Hudson (MJH) run by the founder of the West Ham United supporters on Linkedin but for whom there look to be no excuses, Bidstack (BIDS) and the Abrdn Smaller Companies IT (ASCI)
425 days ago
In a previous article, I exposed that the fair value of the ordinary shares in Tintra (TNT) that should be required to be valued in the accounts of Tintra Acquisitions Limited but clearly weren’t of £7,446,291. In this note, I highlight another material asset that wasn’t recorded, that being the convertible loan provided by Tintra Acquisitions to Tintra Plc and this could make this scandal, one HMRC is bound to be investigating a £15 million one. That is three times the size of Nadhim Zahawi’s recent “scrape.”
435 days ago
The tweet below is from Labour shadow chancellor Rachel Reeves but I also cite Lib Dem leader Ed Davey for spouting equal tosh this morning. I start with BP (BP.) and windfall taxes. Then it is onto Tintra (TNT) with two more bombshell exposes today. My target price here is now officially 0p. Then it is onto another Dominic White, of the fraud Supply@ME Capital (SYME) infamy, MaxRets Ventures (MAX). En passant I mention DeepVerge (DVRG).
435 days ago
Whilst we wait for Richard Shearer to respond to our questions posed in 4 exposes since Saturday or for AIM Regulation to show it gives a f*ck about maintaining an honest and orderly market, I present evidence that the Tintra Acquisitions Limited company number 13236378 is the relevant entity referred to in Tintra Plc RNS announcements. Maybe I should grass Shearer up to HMRC?
435 days ago
AIM Regulation and Nomad Allenby appear not to care about the three exposes of Tintra (TNT) published here in recent days. So here is a fourth showing what a sewer AIM has become. St Daniel House, a former subsidiary of Tintra Plc is massively insolvent and owes former customers £1,467,511 and is effectively looking to offload these liabilities from the Tintra Plc group.
435 days ago
Tintra (TNT) is, following exposes HERE and HERE, now drowning in more red flags than one might see on a May Day parade in Moscow. But it gets worse, far worse.
435 days ago
I start with Manchester City and then move onto Tintra (TNT) where i a am now working on a 3rd exposé in three days. It has all the hallmarks of a zero and regulators need to step in. In the same vein I discuss Caracal Gold (GCAT) amid a dash for trash. Then it is onto HUI (HUI) and Powerhouse (PHE) and finally I discuss Vast Resources (VAST) where – as I warned a placing dump followed the Zim diamond pump. This will not be the last bailout placing.
435 days ago
Following my bombshell revelations around Tintra Acquisitions on Saturday which AIM Regulation has confirmed to me that it is now looking into, there is a new massive red flag to hoist. If anyone cannot see how Tintra (TNT) stinks and is uninvestable, they need to get a guide dog and a white stick pronto.
437 days ago
Richard Shearer the CEO of Tintra (TNT) has a grand vision for the company which is summarised in the Allenby Capital research note of 30 January 2023:
438 days ago
I end with an apology to Tim. I start with the annual agony of a tax return. The Mrs is struggling. Then onto Vast Resources (VAST), Tintra (TNT), can anyone explain the mystery to me? Rosslyn Data (RDT), Predator Oil & Gas (PRD) and UK Oil & Gas (UKOG).
438 days ago
In today’s RNS Tintra (TNT) announced that it had received the US $10 million subscription at 1178 pence per share, a huge multiple to trading share price of around 185 pence per share down on the opening price by almost 12% at time of writing this article as follows:
457 days ago
In its business update RNS of 8 November 2021, Tintra (TNT) provided the following information about its proposed restructuring of St Daniel House Limited, the last active corporate entity in what was Boxhill Technologies before it was renamed Tintra:
469 days ago
Oxford is so full of Godless liberal tossers these days. After a brief rant on that matter I look at the importance of December to the bars and restaurant trade and how this month will be awful. I suggest why the lack of profits warning Sarah Willingham is now sitting on will force a bailout placing at Nightcap (NGHT) – any takers at 4p? I also look at Tintra (TNT) and nanosynth (NNN) as it heads for zero.
469 days ago
Dubious quality companies on the AIM and Standard List have long used Death Spiral funding to raise cash to keep the lights on. It appears that now that some but not all of the Bulletin Board morons have cottoned onto the main names in the Death Spiral space that the latest twist is for the Death Spiral Lender to use a front entity to provide the money and for it to be given a industry relevant moniker to reassure the more gullible investors that the new funding is coming a long term institutional investor and not a wicked Death Spiral lender that will crater the share price.
471 days ago
In the current nuclear winter for small cap stock Richard Shearer is proving to be the man to watch as today Tintra (TNT) issued two announcements revealing the raising of significant additional cash to finance the artificial intelligence led banking operation that he is building.
480 days ago
Since I wrote about Tintra (TNT), its rule breaking and interim results on 27 October, it has busy with a few new announcements. Is this now a quarter of a billion dollar spoof?
535 days ago
This company wants to be a regulated financial services player so you might have thought that sticking to the rules mattered. Er…
613 days ago
In part one I looked at the legacy issues and the FRC rule breaches. But what of the sunlit uplands mug punters owning Tintra (TNT) shares are promised?
613 days ago
The audited results from Tintra (TNT) for the year ended 31 January 2022 were published yesterday and reveal a loss of £454,000 on revenue of £351,000. The results primarily reflect the results of the legacy business which Richard Shearer, the new CEO has spent significant time, and money in trying to deal with. So how is he doing?
622 days ago
I haven’t written about Tintra (TNT) for some time. Since I last did, it has continued to sort out its legacy business, seeking to build its new model from the disaster that was St James House (previously Boxhill Technology). It has raised monies at high premiums to its share price, and appointed several impresing-sounding individuals to the Board. The self-styled “rapidly innovating Deep Tech & Banking business” continues in a similar vein, with the following AGM statement:
811 days ago
In my last article, I calculated that there was £21,090 of outstanding convertible loan stock in issue. Tintra Acquisitions (TAL) has today rounded this to £100,000 as extract from RNS below shows:
811 days ago
Two days ago, Tintra Acquisitions (TA) diluted the other shareholders in Tintra Plc (TNT) by converting £100,000 worth of convertible loan note into 1 million shares at a bargain conversion price of only 10 pence per share.
811 days ago
In yesterday’s RNS Tintra (TNT) has indicated that the first subscription at the equivalent of 504 pence per share has arrived which is obviously very good news and sees 148,511 new ordinary shares in issue.
811 days ago
On 10 January Tintra (TNT) announced that a new investor was investing $1 million equivalent to a valuation of 504 pence per share. Today’s RNS provides an update:
816 days ago
I do not go into much detail but this has not been a pleasant last 24 hours so hence the lack of output from me. Fingers crossed I am on the mend. I discuss Covid plays and false Covid recovery plays and end of covid victims including Omega Diagnostics (ODX), a mega short as the cash crisis bites, Abingdon Diagnostics (ABDX), MyHealthChecked (MHC) and – especially for listener TB – Cineworld (CINE). Then I look at more murky Trevor Brown goings on at Braveheart (BRH) and the odd world of Free Association Books and the Brown family. Finally the madness at Tintra (TNT) now – for a company with no operations – and, perhaps, £2million cash – valued at c£40 million. Insane!
817 days ago
In today’s podcast I look once again at ADVFN (AFN) and the chances of a bid, I look at Wildcat (WCAT) and Tintra (TNT), en passant, as indicators of market madness and finally I have a detailed look at Mercantile Ports & Logistics (MPL), a company that should have been booted of the AIM Casino a long time ago.
825 days ago
I name all those shareholders or their BB or Twitter names that Union Jack Oil (UJO) is using shareholder cash to troll in a most thoroughly unpleasant way as I exposed yesterday. I also comment on THG (THG), Cineworld (CINE), Tintra (TNT), Versarien (VRS) and then on the bursting of the Covid testing bubble with particular reference to Omega Diagnostics (ODX), Avacta (AVCT) and Novacyt (NCYT) which has its own BIG question to answer. Plus, of course, MyHealthChecked (MHC). I reference vaccination and covid rates in Israel in the podcast which is covered in more detail HERE.
825 days ago
Tintra (TNT) has issued an RNS “Strategic Investment Under Funding Round” which saw the shares soar up over 225% at the time of writing. The whole think stinks like a rotting herring stuffed down the back of a sofa in a very warm room.
872 days ago
Today Tintra (TNT) announced its entry into the previously announced AI joint venture. There is nothing like announcing essentially the same deal twice to keep up the news flow. Under Richard Shearer, Tintra has turned into an RNS and share issuing machine. But these announcements are so patently bogus, how can Nomad Allenby sign off on such utter bollocks?
889 days ago
Since the arrival of the new management at what was St James House on 25 March 2021, there have been over 25 RNS announcements from the group now known as Tintra (TNT). That is enough on its own to scream caveat emptor.
901 days ago
I set out below four reasons why Tintra’s (TNT) interim financial statements are not compliant with the requirements of IAS 34 for interim financial statements and why new interims are required. Do I expect Nomad Allenby or the Oxymorons at AIM Regulation to do anything about black and white breaches of the rules? No. My faith in regulators or City advisors is at rock bottom. But just for the record:
902 days ago
This morning’s interim results for Tintra (TNT) record an operating loss on ongoing activities of £704,000 on revenue of £596,000. The bottom line profit is entirely generated by a £992,000 gain on the disposal of Market Access Limited for £1 to John Botros.
905 days ago
Tintra (TNT) continues to pump out new RNS announcements. Some are bollocks and a spoof, but one vindicates a major thrust of my attack on this POS.
909 days ago
Richard Shearer, the relatively new CEO of Tintra (he was only appointed on 2 July 2021) continues with his impressive and rapid transformation of the former uber dog St James House (SJH). Under his leadership Tintra (TNT) is now giving clear guidance of its strategy and the next steps in that process to shareholders and then rapidly executing on those steps.
921 days ago
Is Tintra (TNT) about to reveal an almost £1 million gain on the disposal of its former subsidiary Market Access Limited in its interim accounts for the six months ended 31 July 2021? Natch that would excite bulletin board morons but for no reason at all. Indeed it would stink.
937 days ago
In today’s RNS Tintra (TNT) announced a conversion of £50,000 of its convertible loan stock into 500,000 ordinary shares of 1 pence each at a price of 10 pence per Ordinary Share plus a couple of other transactions. The most significant event was the following:
999 days ago
Since my last article on St James House (SJH), the Tintra connected Directors on the Board of St James House have been busy and there has been a flurry of announcements in July. But what they face is an Augean stable.
