1830 days ago
In this bearcast I look at what a dismal failure AIM has become and examine the inherent conflicts of interest which make such failure ( for investors) inevitable. I reference Management Resource Solutions (MRS), Daniel Stewart (DAN), African Potash (AFPO), Arden Partners, Paul Shackleton, Naibu (NBU), Cantor Fitzgerald, Sefton Resources (SER), SP Angel, BlueJay Mining (JAY), Vialogy, Yourgene (YGEN), Quindell (QPP), Globo (GBO) and more. If you enjoyed this how about becoming a hero and donating to rogue bloggers for Woodlarks TODAY HERE
3400 days ago
One of the reasons that capitalism works while the alternative is doomed to fail is that failing companies can reinvent themselves.
For years AIM casino listed Vialogy misled investors raising money time and time again to support the obscene salaries of an underperforming and overpaid board. I like to think that I played a part in exposing the poltroons responsible and in forcing change. The old guard are out and shareholders are now starting to get back their losses as a new management team takes the ship, now renamed Premaitha (NIPT) forward.
3484 days ago
Once again this website has exposed fraud, lies and deceit on the AIM casino – with regard to New World Oil & Gas (NEW). The statement from today vindicates everything that we have written and it has vindicated our approach. To the Bulletin Board Morons who attacked our articles as they averaged down I have no sympathy. You were warned but you insulted us. And you know who is next….
We do not produce 72 page Gotham City Research style dossiers when we go after crime on the AIM Casino. Our style is to unpick what is going on bit by bit. It might take 200 articles but we will get there. We do not waste our efforts where there is no wrongdoing whether it be grotesque stock overpromotion or outright fraud. We only go after the bad guys. Sefton, Range, Vialogy, New World, Cupid, Gulf Keystone, blinkx – we have been 100% vindicated. And you all know who is next…..
3502 days ago
It was only the other day that a Bulletin Board Moron owning shares in Naibu (NBU) referred to me as Winnifraud, accusing me of making it all up. Hey presto come Friday there were dire interims and t is clear that it is not me that is the Norfolk and the moron saw his investment slump in value by another 40%. Worse is to come as I shall reveal later today. But this follows the same pattern as we have seen with Range Resources, Sefton, Vialogy, Globo, Quindell, Iofina, blinkx, Gulf Keystone, Outsourcery etc. etc. Folks like myself and Paul Scott, the great share blogger, point out obvious reasons to sell and all we get is abuse. Paul posted this on ShareProphets yesterday re Naibu
3573 days ago
Stellar Diamonds (STEL) - has become the third company to sign up to present at the new ShareProphets evening seminars. It will be on stage on Monday 13th October, two weeks after Adam Reynolds from Premaitha (formerly Vialogy) (NIPT) and David Bolton of K3 Business Technology (KBT) will be on stage. We will start taking bookings for each event when all three CEO speakers & the guest share blogger are confirmed and priority alerts for bookings will go to those registered wth ShareProphets seminars. So TODAY...
Since attence at these events - held at Maribelle's wine bar in Clerkenwell - is limited to 50 to ensure that you get priority booking for the talks, formal and informal Q&As with all speakers plus free pizza and drink register now HERE
Registered users of ShareProphets Seminars will get the first alerts on all vents and so priority booking. Register for free now HERE
3600 days ago
AIM listed Vialogy (VIY) shares came back from suspension on Friday, closing the session at 0.16p after a £6.5 million placing at 0.11p. We took part in that placing and will be taking up our full entitlements in the open offer at 0.11p – we were already shareholders. I suggest that existing shareholders do the same (given how in the money they are already) and also buy a lot more in the market on Monday.
Vialogy has bought molecular diagnostic company Premaitha by issuing 95 million shares at 0.11p (that is a £10.5 million price tag). It has raised another £6.5 million at 0.11p in a placing which was FOUR TIMES oversubscribed with a raft of institutions on board. The open offer will raise up to £700,000 more.
Effectively the free float (since the vendors and institutions and those who backed the last placing cannot or will not flip) is c 10%, if that.
3622 days ago
Following the mammoth success of UK Investor Show 2014 we are moving into overdrive for the 2015 show on April 18 and one new feature will be a series of 14 one hour masterclasses with an audience limited to 80 – we are taking on an additional floor in Westminster.
In these rooms Amanda Van Dyke will be doing a session on how to value mining stocks. Brian Basham will be doing a session on making money from Crowd Funding. And new for this year, Adam Reynolds, the Company Rescuer, will be doing a masterclass on how to make money from shell companies.
Adam is the brains behind two companies currently suspended pending RTOs. Real Man is invested in both Ducat Ventures (DUC) and Vialogy (VIY) and I am an insider on both so all I can say is that I am incredibly excited and they will pay for Christmas - see HERE
We profiled Adam here.
To ensure that you get a seat
3703 days ago
I wrote earlier today about how I now regarded Phorm (PHRM) as more of a sell than a buy. Following extensive conversations with a number of folks I now have it officially “in sights.”
Previous companies to be accorded that honour were – until they were forced to changed management - Sefton (SER) and Vialogy (VIY). We all know what happened there.
My target price for this company – now trading at 13.5p – valuing the enterprise at a preposterous £65 million – is buttons. More to follow….
3730 days ago
I tipped this stock on my Nifty Fifty website I run with Steve Moore on Monday at a 0.19p offer price. The shares are now 0.19-0.21p and are nothing if not volatile.
For more than a year I was a bear of AIM listed oil technology company Vialogy (VIY). Despite years of non-delivery, of management greed and the fact that it was obviously running out of money Bulletin Board posters abused me all the way down from 2.5p to 0.4p and generally stood by the board. In the end I bought a few shares which I still own, went along to the AGM and “played up” – there was very quick boardroom change in response to “the terror.”
3809 days ago
My mantelpiece is starting to fill up with trophies from the AIM Cesspit posterboy shoot. First came the head of Jim Ellerton of some tiny oil company whose name escapes me. AIM regulation did not care about his lies or using the company as a personal ATM for years. But I did and forced his resignation. And yesterday a new head went up on the mantelpiece – that of Terry “Junk” Bond of Vialogy (VIY) who joins Jim in unexpected retirement after a year long campaign from me. So who is next for the treatment?
3809 days ago
Rejoice. Rejoice. Rejoice. The man who has lead Vialogy (VIY) shareholders a merry dance for 13 years, proven liar Terry “Junk” Bond is to go. Maybe my Junk Bond T-shirts had some purpose after all. Indeed it seems as if my rescue plan for Vialogy is now going to be implemented in full. It is time for the BB Morons who termed me a wrecker to concede that I am in fact their saviour. Time for frigging apologies all round.
3817 days ago
Next week AIM Cesspit posterboy Vialogy (VIY) will send its long suffering shareholders details of the exact motions for its EGM on 29th November. I spoke to the Vialogy shareholder action group, which speaks for 13.5% of the shares, yesterday and in light of that I have another message for the discredited liar Terry “Junk” Bond who is chairman of this enterprise.
Much of what I discussed with the shareholder action group must remain confidential at this stage. But I can put it on record that I regard them as good, decent folk who have put hard cash into Vialogy and simply want a return. I contrast that with the current board whose members have simply taken out cash and have screwed shareholders totally.
3821 days ago
What next for AIM Cesspit posterboy Vialogy (VIY)? At this stage it is not clear but I am aware that the wheels are a turning. It seems as if Terry “Junk” Bond may have paid some attention to my open letter of last week.
3823 days ago
This week’s video postcard covers just one topic – the culture within the public sector and BBC of rewarding failure with mega payoffs. It is taxpayer’s cash that is being pissed away and it is unjustifiable and unsustainable.
Dave “heir to Blair” Cameron has done nothing to deal with this. Why not?
Tom’s weekly financial video postcard covers Vialogy, Vipera, the “booming” UK economy and where to find stockmarket value and can be watched here.
3824 days ago
http://www.shareprophets.advfn.com/views/2293/pissed-off-bulletin-board-morons-are-too-emotional
3828 days ago
Dear Terry: It must, by now, be clear to you from both the AGM and from reading the Bulletin Boards that the owners of Vialogy, its long suffering shareholders, have completely lost faith in you. Your performance at the AGM was an ill-tempered shambles and as our chairman you have been overpaid for abject non delivery for years.
3829 days ago
Frigging hell. It was worth getting up at 3.45 AM today to trek up to London for the AGM of AIM c esspit posterbiy Vialogy. Chairman Junk Bond and CEO Robert Dean both lost their tempers, fessed up to some real horrors and Bond described me as “The Disruptive influence at the back.” Boy I had a party and the more Junk and Bob squirmed and seethed the more fun I had. This company is a total shambles.
3830 days ago
The board of AIM Cesspit posterboy Vialogy (VIY) has today announced an emergency restructuring which steals at least 25% of the IP from shareholders at a stroke just 4 hours before its AGM. That leaves a lot of time for sensible discussion does it not? Even by the abject standards of Chairman Terry “Junk” Bond this is a total disgrace. Why not issue the RNS 24 hours ago? It is not as if anything has been set in stone.
3831 days ago
The AGM of AIM Cesspit posterboy Vialogy (VIY) is on Tuesday morning an d having bought £7.50 of shares just so that I can attend I shall be there. Brace yourself Chairman Terry “Junk” Bond I have a few questions and I am not one for taking prisoners.
Just as a reminder: after six years of non delivery the current management team awarded itself a pay rise in 2012. The board cost the company more than four times its revenues in 2012. And most critically of all the company is running out of cash fast. You can read about this in more detail here
Now you may say that a purchase of £7.50 of shares is not a very big trade. But my investment is 100% greater than the total cash investment made by the entire board in all of the recent rescue bail out placings. “Putting money into Vialogy is for other people”
My first question will be for foxy Katy Ratner and (not so foxy) Mark Percy of Cantor Fitzgerald.
3837 days ago
Terry Bond has been the executive chairman of AIM Cesspit posterboy Vialogy (VIY) since its launch. Last year as the company recorded another whopping loss he trousered a pay packet of £181,261 even though the company also has a CEO and a CTO. Is he needed? Is he an asset? Or just another cash drain on a company which is weeks away from running out of cash? It's the latter. It's time to Junk Bond.
3842 days ago
I could not sleep last night and so turned to the “Good Book” for inspiration. I refer of course to “The Reagan Diaries” the journal kept by America’s greatest President during his two terms in office. And that made me think about Terry “Junk” Bond the chairman of financially challenged AIM Cesspit posterboy Vialogy (VIY) and his little Reagan lie.
3843 days ago
When, as a writer, you start to point out the failings of a company, its loyal supporters on the Bulletin Boards abuse you. They accuse you of being short, being “paid by derampers”, of having a personal grudge and of being an idiot. Gradually the penny drops. As such I do not exactly “feel the love” coming from the Vialogy (VIY) threads tight now. The Bulletin Board Morons are gathering there in force.
3844 days ago
The weekly video postcard is back. And for this issue I discuss something dear to my heart. For 300 years there has been no political interference in the press. Our politicians want that to change.
I examine why this is wrong, who is lobbying for it and why.
My financial video postcard this week examines Vialogy, a posterboy for all that is wrong with the AIM Cesspit. Dan Levi and I are on the attack. You can view it here.
3844 days ago
We are now on the shareholder list. Dan Levi has bought £10 of shares and I am a tad meaner and have bought £7.50 worth of shares in AIM Cesspit posterboy Vialogy. I expect to make a 100% capital loss but the gruesome twosome are now into battle.
3845 days ago
I will tomorrow ask my stockbroker to buy me £10 of shares in Vialogy (VIY). I expect to make a 100% capital loss on them but am buying so that I can attend the AGM on October 29th. This company is a posterboy for the AIM Cesspit: executive greed, misleading investors, a failed business model and whopping losses. Its board needs to be fully exposed and held to account before bankruptcy, which could be within weeks. Dan Levi will also be buying £10 of shares. Vialogy is now officially in the sights of the gruesome twosome.
3858 days ago
I have been writing bearish articles on AIM Cesspit listed management lifestyle (oops, I meant to say oil services) group Vialogy (VIY) for more than a year since the stock traded at 2.125p. The Bulletin Board Morons gave me consummate grief. I see the shares have plunged today on the release of dire financials to just 0.68p. My target remains 0.01p for this worthless POS. It has the smell of death.
4004 days ago
There is always intense competition for Bulletin Board Moron of the week but J Bravo Esq is this week’s winner with an absolute stonker on the subject of AIM Cesspit listed lifestyle Management Company, oops I meant to said oilfield services company, Vialogy (VIY).
Mr Bravo posts on ADVFN
4013 days ago
I want to requisition an EGM for AIM listed management lifestyle, oops I meant oilfield services company Vialogy (VIY) to change its name to Yadda, yadda, yadda PLC to reflect more accurately what this is all about. Today we have more blockbusting non news from this firm, another “big name tie up” but naturally no financial information. Talking of which why was there no year end trading statement?
The news is that Vialogy has signed a co-operation agreement with another big name, with CGC a big French geoscience company which “provides ViaLogy with global sales and services locations, access to CGG customers, assistance in scaling ViaLogy's QuantumRD technology to large geographical areas, and specialized high tech data processing to prepare seismic datasets for QuantumRD. Support in the form of CGG personnel, facilities, past project experience, and assistance with tender submissions are also part of the arrangement. In exchange, CGG will receive reimbursement for services, and will be able to monitor and exploit the QuantumRD technology for its own business and technical purposes, and collaborate on an exclusive basis with ViaLogy technologists.”
Yadda yadda yadda. Another big name tie up but how much cash will this actually generate? Er….
4030 days ago
Vialogy (VIY) the aim listed management lifestyle, ooops I meant to say oilfield services group is at it again with another promote the shares announcement. As ever it blathers on about doing work for a big name company (it is Chevron again) but what is this worth? Er……the silence is deafening.
The announcement is classic Vialogy waffle
4046 days ago
I sense that shareholders in AIM listed management lifestyle, oops meant to say oilfield services company, Vialogy (LSE:VIY) are not exactly my biggest fans. I warned them to bale at 2.125p in the autumn on the basis that the company was ramping its shares with spurious announcements ahead of a rescue fund raise. I warned them to sell again at 1.625p in early February when, lo and behold, there was a rescue fund raise and I warn them at 1.3p to sell again now.
That original article contains the full details of grotesque management pay packages over many years and of half a decade of abject non delivery. If you are squeamish do not read the article but by way of background to what has gone on here you should brace yourself and click HERE
And now for the observations:
4088 days ago
Supporters of AIM listed director lifestyle (oops sorry I meant oil exploration services) company Vialogy (LSE:VIY) always pin big hopes on the idea that Chevron will announce mega contracts. The penny share dreadful, Vialogy has never actually announced what its two contracts with Chevron were worth but we know that the first was c£40,000 ( or less than Chevron spends each year on toilet rolls for all of its offices). I have no idea how much Chevron will commit to Vialogy’s product but I bet that it will not be much.
4092 days ago
AIM listed director lifestyle (sorry oil services) company Vialogy (LSE:VIY) has – as predicted many times by me ended its Autumn ramp campaign of spurious announcements with a placing. The whole thing stinks and it merely delays the ultimate demise of this POS. The company has raised £1.4 million at 1.25p with punters each getting one warrant at 1.25p for every three shares subscribed for. Now here is why it stinks and why you should sell first thing on Monday morning.
4121 days ago
It seems that the whole of Britain has the Norovirus. Well not quite everyone. I do not have it. Robert Sutherland Smith says he has it but being an old trooper he is still filing articles anyway – another one is imminent. My two senior staff at Real Man Pizza do not have it but being over 45 they are the sort of fellows who would come into work if their right leg fell off.
Thankfully none of our regular customers at Real Man Pizza in Clerkenwell have it, business is where it should be. But, bugger me the two younger members of staff are both stricken. That is the sort of thing that happens to you if you do not drink or smoke and go to the gym. You get sick. It is God’s judgement on you for being such a health bore. The net result, cometh the day, cometh the man and I have done two shifts in the kitchen today. It has not stopped me writing or chatting to folk in between creating a fettuccine ragu with an extra chilli twist or a cracking penne with a creamy mushroom and bacon sauce. There is some technical Italian term for that dish too but I am so cream crackered that I cannot remember what it is.
Anyhow, no customer complaints about my cooking and the new Curious Brew beer offering is going down a storm. Only two more articles to polish off and then a pre bedtime prayer that our younger more health conscious staff get well soon. I appreciate that the boards of Sefton Resources, Range Resources, Vialogy etc and a handful of Bulletin Board morons would love me to stick to the kitchen full time but it is not going to happen.
4124 days ago
Director lifestyle (oops I meant to say oil exploration services) group Vialogy (LSE:VIY) needs to raise cash urgently or it is going bust. That is not just me saying that,. That is the bombshell from its auditors that the company snuck out over Christmas when no-one was watching. Its attempts since then to sucker private investors into buying the stock so that it can get a rescue placing away ( at a huge discount ‘natch) display a cynicism which is quite extraordinary. Anyone buying the stock in the market is being exploited shamelessly as I shall detail below.
The shock warning from the auditors came out on December 31st. Yup, New Year’s Eve when no-one was paying attention. I try to watch this company like a hawk but I missed it. The statement is pretty clear:
4139 days ago
Some young chap from UKIP was running a “Christmas carols opening two lines for the modern world “ chat on twitter tonight. His first entry was:
“Once in royal David’s city, Stood a lowly cattle shed, But when the Palestinians Bombed it, We build 200 new settlements instead”
To which I countered:
“Arrest you merry gentlemen from the BBC
You’re all screaming perverts it is now plain to see”
Naturally this got me started. And so ( in either English or German) I offer you the Evil Empire’s Silent Night
4143 days ago
Companies should be fairly predictable in the timing of their announcements. On a December year end you would expect results in March, an AGM in May and June, Interims in August/September and a year end trading statement in December and January. There may be news of a big contract win (one of my tips) or a profits warning (one of Zak Mir’s tips like HMV – only kidding Saqib!) – but otherwise the pattern should be predictable and regular. If it’s not it is invariably a bad sign.
4143 days ago
Tom Winnifrith is a bit of a marmite individual. Read some Bulletin Board posts and he is the spawn of Satan. Read others (I try to as much as I can to improve my grammar) and it occurs to some people that he makes some extremely good points. At a financial level some of his pieces, such as this little gem on Falklands Oil & Gas and notably this little gem on US Oil & Gas not only real insight but are also extremely funny. Indeed, for us Old Harrovians a sense of humour is everything, the only thing that differentiates us from the savages, or as they taught us in public school – socialists. I can think of no other financial tipster who would write a piece about a company whose shares were heading South and manage to include a video of Adele singing Skyfall ( or Sharefall as Tom termed it) to show that the Fat lady is about to sing. But that was Tom’s piece de resistance yesterday for shareholders in Vialogy.
4143 days ago
AIM listed board lifestyle, sorry I meant oil technology, company Vialogy (LSE:VIY) has issued a “CEO statement” today which is bizarre. Bearing in mind that this company will be almost out of cash by March it is clearly part of a share ramp campaign ahead of a placing. Before the Bulletin Board morons have a go at me I ask them to consider a) timing and b) content. This stock is a slam dunk sell at a 2.125p share price as its cash crisis intensifies. This statement should alert you to that.
4145 days ago
What do the following companies have in common: Pursuit Dynamics (LSE:PDX), Vialogy (LSE:VIY), Proteus International and Firecrest? Two of the four have sent me lawyers letters about articles I have written. Those two companies no longer exist. I am still writing. So that is not it. In fact all four have two things in common.
4165 days ago
Having called both Falklands Oil & Gas (LSE:FOGL) and Borders & Southern (LSE:BOR) pretty brilliantly as oil junior shorts my pal the bear raider Evil Knievil and I had a good chat about which of the 90 or so juniors out there are the best shorts now. The odd thing is that despite a series of disasters across the sector, private investors still seem to be in love with a raft of pretty ordinary juniors. The astute commentator Was Shakoor summed it up the other day on twitter “why is it that across a string of wells where there is said to be a 15% chance of success only 5% seem to be successful?”
4166 days ago
I think both sound and picture quality are okay this week. Recorded on a wet weekend this video postcard is about 12 minutes long.
On the agenda
1. Leyshon Resources (LRL)
2. A big win for the Nifty Fifty which you can subscribe to here
3. Vialogy (VIY ) – new points of concern
4. Hype versus value
5. Wider market trends
6. The Middle East and oil
7. The publication of Letters from the Chestnut Tree Cafe, my new e-book. You can obtain more details and pre-order here.
4169 days ago
I have really enjoyed writing about AIM Listed Vialogy (VIY) this week. Nailing a chairman for telling a lie is fun although why he told such a pointless lie defies belief. But on the basis that the company is a worthless, loss making heap of junk that has never delivered and that the chairman, is clearly ramping its stock as it tried to get away its 10th placing since 2007 (a well paid board needs supporting) I liked penning the pieces.
I explain why Vialogy is a screaming short HERE
I nail the chairman for the great Ronald Reagan lie HERE
The reaction when you have a go at companies like this is always the same. At first there is real anger on Bulletin Boards as the believers (those who have bought and bought at every lower prices, calling the board by their first names or initials and regard any criticism as blasphemy) lash out. They do so by attacking the bear writer. His record, stocks he got wrong, anything. They do so often without reading the piece. It was like that with Sefton in the early days. The comments at the bottom of the Reagan piece are a scream: I think my faves are
IStock “leave bob and vialogy they haven’t hurt anyone and are doing fine just
because of your biased article I am going to invest in vialogy tomorrow !
they do not need to prove anything to you ! vialogy one day will become a billion dollar market cap company !
and bob “You sir, are a cock. You are heading to the courts. Bon chance nob head x “
But gradually as you are proved right and the awful truth emerges the anger shifts
4170 days ago
My friend the bear raider Evil Knievil always tells me that if you discover that a chairman or CEO has told one whopping lie, the odds are that he tells lots of lies. And on that basis unless the company has mammoth asset backing and highly visible earnings and cashflows the shares are a slam dunk short. And that brings me to Terry Bond, the chairman of AIM listed Vialogy (VIY) who is – as I shall demonstrate below – someone who just last week told a whopping lie. Since his company has minimal (and fast disappearing) asset backing, and sod all revenues this company is a slam dunk sell.
4171 days ago
What is the hot and sexy word in the world of oil and gas right now? Shale deposits. They are going to transform the world as we know it and so any mention of the s word is bound to get investors licking their lips as if they had just been promised a sure fire night in the sack with the lovely Cheryl Cole. And so if you are a loss making company that needs to raise cash fast what do you do? Yes, issue an RNS headlining the word “shale.” You do not need to mention any pesky details like fees, revenues or cash, the “s” word will do, the shares will move ahead and you can get another placing away. This brings me to AIM listed joke company Vialogy (VIY)
