92 days ago
Thanks to Winnileaks I know that the authorities are aware of this. I know that Jerry Keen of Oak Securities is aware of this so who else is aware and why is there no statement. For what it is the proposed bid is all nonsense.
94 days ago
As I exposed yesterday , either Portillion Capital is lying or the management team at Touchstone Exploration (TXP) is lying. This matters as Touchstone is drowning in debt and not generating cash so clearly needs an urgent refinancing. Before anyone chucks money down thus bottomless pit surely they have a right to know if the management are mendacious or purer than the driven snow. I have written to the Oxymorons at AIM Regulation
95 days ago
As I explained HERE a couple of weeks ago, Touchstone Exploration (TXP) about which I have been a perma bear, is drowning in debt and at best will have to do a massively discounted placing and at worst will gig with the Fat Lady within months. But now, it has just got much worse
117 days ago
I question share buybacks at 2 PLCs where I hold shares, BP (BP) and Imperial Brands (UMB), I look at Kefi Gold & Copper (KEFI), Petrotal (PTAL), 80 Mile (80M), Touchstone (TXP) and its greedy CEO and Smarter Web Company (SWC) and the idea of share buybacks
117 days ago
Perma Dog Touchstone (TXP) shares are now down to 8.5p after more massive red flag news today. Those left holding the baby after disgraced Jerry Keen’s shocking welching on a 20p placing in May really should be suing somebody. Those who supported a £7 million fundraise at 11p just three weeks ago must be kicking themselves.
137 days ago
On May 8 TSX and AIM listed dog Touchstone Exploration (TXP) announced that “it has successfully raised £15.375 million” at 20.5p. That was a lie. By mid June it fessed that just over £10 million of the cash had not arrived, including funds “secured” by Jerry Keen and Oak Securities. In several RNS statements Touchstone gave various dog ate homework excuses before finally ‘fessing that the cash was not coming so there was a black hole. It said it would purse legal action. Today…
139 days ago
Disgraced Jerry Keen of Georgina Energy (GEX) and Touchstone Exploration (TXP) infamy has hired as his small cap mining analyst Dr Michael Green a man whose biggest claim to fame was to be the driving force of the Sefton Resources (SER) dirty tricks campaign against myself and Dan Levi as we exposed the fraud and theft at the heart of that company. For money, Green is happy to go into bat for criminals.
207 days ago
I am not certain if the FCA is going to do anything about the Touchstone Exploration (TXP) scandal where the company said it had raised £15,375,000 million on May 8 only to fess up weeks later that brokers led by Keen’s Oak Securities had welched and that in fact it had only raised just over £5 million. With Keen making a series of excuses before the final welching, he created a false market and Touchstone’s balance sheet was left holed beneath the water line. Now it gets worse.
209 days ago
By its own admission, not only is Georgina Energy (GEX) technically insolvent but it has little or no cash left to pay the bills. As at May 31 cash was down to £430,000 a cash spunk of £200,000 pcm since the January 31 year end. Ceteris paribus two and a half months later cash would be minus £70,000. In other words Georgina has only not gigged with the Fat lady by not paying its bills. Laughably this is another company that blames its woes on me and has said it will report me to the FCA!
246 days ago
Georgina Energy (GEX) today served up yet more promises of exploration jam tomorrow but that is not the real issue, that is a cash crisis and its inability to issue shares. Let me explain
249 days ago
On June 2 the technically insolvent shitco run by proven wrong ‘uns that is Georgina Energy (GEX) asked that the FCA suspend it shares as it could not get its accounts on time. But it stated clearly:
253 days ago
There is now a £10 million black hole in the accounts at Touchstone Exploration (TXP) and its shares are crashing. Told y'all!!!. Investors were misled about this by the company but also by those responsible for creating that black hole, Oak Securities founded and run by Jerry “oily” Keen and also by Portillion Capital.
267 days ago
It is not a good day for AIM. More scumbag behaviour explains why good companies are rushing to leave the casino. On May 8, Touchstone Exploration (TXP) announced that it “has successfully raised £15.375 million with certain institutional and other investors in the United Kingdom.” Note the tense. It “has”, as in past tense, the deal has been done. Except that is not true. Nomad Shore cap appears to have signed off on a porky. Did it check that the money was in the bank, which it was not?
2213 days ago
My guest in this week’s show which is sponsored by Open Orphan PLC (ORPH) is a former editor of this website Flip Flop Ben Turney. We discuss the problems with AIM, New World Oil & Gas, Nostra Terra (NTOG), touching on the mud being slung at Ben by some folks but on the real issues that company faces, on Touchstone Exploration, Big Sofa (BST) and many other matters, notably AIM PLC director expenses. I also discuss companies who switch Nomads too often. Yes that includes Versarien (VRS) and its forced change of today. If you like this podcast and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
