23 days ago
In this podcast there is more to please Catriona and Matthew’s Dog than to please Nigel Wray. Be warned. It covers: Horizonte Minerals (HZM), Technology Minerals (TM1), Canadian Overseas (COPL), WH Ireland (WHI), Supply@ME Capital (FRAUD) and its sister company Regtech Open (RTOP) and Tern (TERN).
101 days ago
I start with three personal notes one of which relates to the loo in the river HERE. Then I look at African Pioneer (AFP), Upland Resources (UPL), Victoria (VCP), The Mission Group (TMG), WH Ireland (WHI) and BSF Enterprises (BSFA)
206 days ago
I start with apologies and explanations on 2 Bearcasts appearing later than they should. Then onto Alien Metals (UFO), WH Ireland (WHI), Ashington Innovations (ASHI) and another bombshell due this weekend, BlueJay Mining (JAY) and finally Eurasia Mining (EUA) and Jubilee Metals (JLP)
270 days ago
I should not be shocked that WH Ireland (WHI) is up shit creek having to refinance at 3p, 19p below yesterday’s share price. Throughout my three decades in finance, every few years, whoever has been running the show WH Ireland has almost gone bust. Today is not the first time that the broker, Nomad and wealth manager has been at death’s door. WH Ireland should not be listed.
910 days ago
In March this year WH Ireland was approached to become joint broker to Vast Resources (VAST). It conducted due diligence and that threw up so many red flags about the business but also about boss Andrew Prelea that WH Ireland said that it could not act. The email exchange detailing this has found its way via Winnileaks to myself and is published below. It is damning and all credit to WH Ireland for putting principle before profit. But Nomad Roland Fatty Cornish has been made aware of the same issues and appears to think that a) it is just after two so time for the third course of a six course luncheon and b) that he should just carry on taking the cash come what may. Lunches don’t pay for themselves after all. Enablers like Fatty are why AIM is a sewer. I am aware of a number of matters which WH Ireland discovered and anyone owning shares in Vast is truly certifiable.
962 days ago
Since WH Ireland listed this company on AIM a month or so ago it is biased. And since I own a few shares and the CEO Steve Brown is a good chap from God’s chosen lands of Ulster, I too am biased. But if you want to read the note and WH Ireland’s logic it is below.
1185 days ago
Yesterday Verditek (VDTK) finally ‘fessed that its 2020 revenues would be almost nothing. That is despite it announcing on June 30 that its Italian operation was now “in production and is generating revenue” and the announcement of no less than EIGHT separate orders from 30 June onwards. All of those “orders” were announced before a bailout placing on October 6. And it is not as if this company, chaired by Tory Toff Lord Willetts, has not got extensive form in announcing big orders before placings which then turn out to be bogus. The Oxymorons at AIM Regulation could have stopped this if they had heeded my calls in letter to them about a full enquiry into past pre placing deceits going back right to the IPO but they did nothing. There now needs to be a full enquiry into the company and into Nomad WH Ireland with public censures resulting. My letter is below:
1254 days ago
I discuss a metric which for a private company, like ShareProphets, is meaningless. We do not seek to impress investors just to pay bills! I have a few words on life at the Welsh Hovel. Yes, Jayarani is eating into my sleep. Then it is onto Telit (TCM) and finally a discussion with Pierotlunaire on research notes and blackout period prompted by the WH Ireland & Pantheon (PANR) episode.
1254 days ago
Pantheon Resources (PANR) today completed a massive $30.2 million placing and Primary Bid offer at 31p. The shares were 33.7p bid (off 4.5%) yesterday but on the 13th they were 40p with some mug punters paying well North of that. On 11th November with the shares at 31p broker WH Ireland published a lengthy research note.
1257 days ago
Over the weekend, I revealed the second reason why the RNS issued by cash-guzzling AIM Casino promote Powerhouse Energy (PHE) was grossly misleading. I have now written to the Oxymorons at AIM Regulation urging them to force Powerhouse and its shoddy Nomad WH Ireland to issue a full clarification and to face formal censure.
1260 days ago
Powerhouse Energy (PHE), the AIM listed green energy ramp run by loathsome ex Tory Minister Tim Yeo of sleaze infamy, has today announced a deal to license its technology in Poland and its shares are racing ahead. But this announcement is a spoof. Do advisers WH Ireland, Turner Pope and Ikon Associates have no shame at all?
1347 days ago
Enough is enough. Two weeks ago, an article HERE forced Verditek (VDTK) to admit on August 12 2020 that the two big contract wins announced in 2019 had not gone through but it had raised money without telling investors of these massive setbacks. On Friday, I showed that it had actively misled investors ahead of placings in September 2019 and March 2020. Enough is enough. How many more lies have been told? I have written to the FCA & AIM Regulation asking for the shares to be suspended pending a full investigation into the company, its directors, and Nomad WH Ireland which, at best, has been asleep at the wheel.
1431 days ago
I have noted many times before that SP Angel is so utterly desperate for clients to fund the coke and hookers bills that it will act for any corporate even a brazen fraud like MySquar (MYSQ). It is morally bankrupt and, without doubt, London’s worst Nomad. As such with WH Ireland having quit as Nomad to Eurasia Mining (EUA) over the lying and other matters there was only one Nomad to go to, only one that would act for a company like this.
1473 days ago
Just before the long Easter weekend, Eurasia Mining (EUA), shares in which have now been suspended for more than two months, issued a partial ‘fess up. As I flagged up almost two months ago, Nomad WH Ireland has indeed resigned but why?
1500 days ago
The Dark Destroyer, aka Matt Earl, has branded Andrew Monk, the Banning Buffoon for his call to ban shorting in a fiery twitter exchange. I discuss why Matt is right on all counts. I chatted to Nigel Wray, Britain’s Buffett, at length today about the markets, individual shares, the coronavirus, the shape of the recession, consumer attitudes and most interestingly about commercial property, which he knows a bit about. I also discuss Sosandar (SOS), Finncrap (FCAP), Arden (ARDN), WH Ireland (WHI) and other Nomad/brokers and when the FCA will have to step in to check their solvency. Finally a few words on the Government’s daft £330 billion loan scheme.
1629 days ago
On March 5 this year struggling, cash guzzling, pensioner mugging & free speech denying, Nomad and Broker WH Ireland raised £4.9 million at 45p saying that “Following a broad review of the Group’s likely future regulatory capital requirements and in particular, the Group’s regulatory capital buffers, the Directors believe the Placing will ensure that the Group has sufficient resources in place to satisfy the FCA’s present capital adequacy requirements.” Wind forward just 8 months and 1 day and….
1880 days ago
I cover WH Ireland (WHI) and the crisis engulfing the small cap world in a serperate bearcast HERE but touch on its downfall in the main bearcast. I look at Mirriad (MIRI) which needs to fess up as to how much cash has not yet been spunked, Rose Petroleum (ROSE) and insolvent Cabot (CAB) and the panic sells created by the demise of City Financial Investments, the bid for Independent Oil & Gas (IOG) and at Debenhams (DEB) where the worst is yet to come. If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.
1880 days ago
In this bonus bearcast I comment on today's lack of profits warning from WH Ireland (WHI) and the bailout placing now underway which I had predicted. I look at WH Ireland and its woes but it is symptomatic of an industry in crisis. FinnCrap (FCAP) must warn sooner or later and most of the rest of the Nomad/brokers already have. What is needed is massive wage cuts across the board. Thankfully for supliers of coke and hookers, that will not happen which means a structural and cyclical crisis will claim more casualties soon. If you enjoyed this slating of the City's broken business model why not support the Rogue Bloggers for Woodlarks HERE.
1903 days ago
In today's bearcast I look at the woes of Lucian Miers, at Yourgene (YGEN), Interserve (IRV), Greatland Gold (GGP) - do the maths its placing ahoy! - WH Ireland (WHI) and FinnCrap (FCAP). Then I explain what will be the major financial scandal of 2019 hitting well over a hundred thousand folks where the FCA is only belatedly waking up to the problem, a problem it helped to create.
2093 days ago
I start this podcast by reflecting on my biggest investment mistakes of which selling some Optibiotix (OPTI) three years ago must be in the top ten. Stagging Argo Blockchain (ARB) hjas so far been a small mistake but I reflect on that too. Then I reflect on the bombshell by Nigel Somerville on BMR Group (BMR) which shows AIM Regulation not fit for purpose and opens up a mega scandal for WH Ireland (WHI). What happens next i ask, referring to good news on the claims against Cantor Fitzgerald re African Potash (AFPO)
2108 days ago
Ok miserable bastards. I have a train walk with Joshua tonight, a very long one on Sunday (to Chew I think) and then the big 32 miler in just eight days. So donate to Woodlarks NOW! HERE. In the podcast I look at Versarien (VRS), Optibiotix (OPTI), Big Sofa (BST), Sosandar (SOS), Audioboom (BOOM), Wh Ireland (WHI), Symphony Environmental (SYM) and Feedback (FDBK)
2172 days ago
I suspect that Ocado (OCDO) is even more overvalued after today's share price surge on the Kroger deal - it goes to show the dangers of shorting anything other than an outright fraud in the current climate. I look at the FOBT news - Nanny State gets more and more bossy every day. I look also at Mothercare (MTC), Foxtons (FOXT) and WH Ireland (WHI)
2245 days ago
Over the weekend the extraordinary tweet below was sent by UK Oil & Gas (UKOG). Was it approved by its poltroon of a Nomad James Joyce of WH Ireland? Methinks not. In light of its content a responsible Nomad would be resigning or at the least forcing a statement. But not this one.
2256 days ago
"I am tomorrow, or some future day, what I establish today. I am today what I established yesterday or some previous day." So said the great Irish author James Joyce. But the question for lackey Nomad James Joyce at WH Ireland is whether his client UK Oil & Gas (UKOG) has a tomorrow, has a future day at all? A statement is needed now to clarify the financial position of his client.
2334 days ago
UK Oil & Gas (UKOG) has announced that another £500,000 of death spiral loan has been converted into shares, 14,159,092 of them. But hang on, this does not add up. UK Oil & Gas and its patsy Nomad WH Ireland (WHI) are not telling you something.
2393 days ago
Good news. The pensioner Jim Bagot who was mugged by stockbrokers WH Ireland (WHI) is planning another protest outside its London offices this week. You will remember that the broker punted and lost hundreds of thousands of pounds of Jim's cash on penny stocks, many of them corporate clients, which was clearly not in the interests of such an old man. Even the regulators agree but WH Ireland has not compensated poor Jim in full. He fights on and his latest placard is below.
2479 days ago
Every AIM company must have a Nominated Adviser, a NOMAD, to retain its listing. A Nomad is an FCA regulated financial adviser which charges an arm and a leg as a retainer to ensure that every RNS issued is 1005 accurate and that the company also complies with all the other AIM Rules. Not, as the LSE has made clear, that there is any downside in breaking all the rules or telling outright lies. That brings us to UK Oil & Gas (UKOG).
2590 days ago
Oh dear, oh dear, I am sorry to have to break the news to WH Ireland (WHI) but a shareholder in the esteemed firm of pensioner muggers has agreed to appoint both myself and Jim Bagot as its "corporate representative" ahead of the AGM on March 30th.
2590 days ago
It has been drawn to my attention that the pensioner mugging free speech hating, free press threatening bastards at WH Ireland (WHI) are holding a GM on 30th March, a day when I just happen to be in London. I would very much like to attend as would Mr Bagot, a pensioner WH Ireland knows well. But we need your help.
2596 days ago
You will remember the case of poor Mr Bagot, an elderly client of WH Ireland (WHI) who had his life saving stuffed into a range of utterly inappropriate penny stocks, many of them corporate clients. Mr Bagot has got a bit of his money back but not most. He fights on. Mr Bagot has this update:
2618 days ago
In the main bearcast today I touch on the Cloudtag (CTAG) fraud but that is really covered in its own bearcast HERE. I do look at RapidCloud which was suspended today and will lose its AIM listing in a month. Who warned you that this would face a "terminal conclusion" 149 days ago? Was it PR wankers Walbrook or Nomad WH Ireland or savants on the LSE Asylum? Er no, it was me HERE. I then look at Challenger (CHAL) a zero in waiting, Iofina (IOF) and IGAS (IGAS) both of which should also be zeros. I commend today's excellent piece from Nigel, the Deputy Sheriff of AIM, on the Servision (SEV) scandal HERE. I take Nomad Allenby to task for failing to comment on this and for allowing Servision to mislead mug punters. AGAIN. Finally I take apart overvalued ramp Wey Education (WEY). Its shares are up 33% today. That is a ramp not a reflection of value.
2682 days ago
Talk about incompetence. This gem is from ISDX listed FT8 PMC ( GFT) and I can do no more that run the statement below with my comments in bold. Words just fail me.,
2695 days ago
Ok, WH Ireland employs a good selection of total tossers and it is Nomad and Broker to BMR Group (BMR) so its research is not impartial. But the news from Kabwe yesterday was good and, as you know, I am a fully paid up member of the Alex Borrelli fan club. Borrelli has saved BMR after the former chairman stole all its cash and is one of AIM's honest chaps.
2773 days ago
ISIS seems to have struck again in the USA, in Minnesota but also in New York and across the river in New Jersey. Pathetic weasel words from Democrats will only anger folks on Main Street even more, Trump calls it right again. I cover the amazing weekend poll numbers on Trump the mainstream British media won't report today HERE and HERE. He is going to win. Elsewhere I explain how to value Watchstone (WTG) post today's shock news on the Quindell fraud from S&G (HERE). I look at Mitie (MTO), WH Ireland (WHI), Servision (SEV) and a statement from Alba (ALBA) which is pure 100% cock.
2837 days ago
I had to buy another Guardian for my Dad today. Two fecking quid of my money has gone to Polly fecking Toynbee to pay for the upkeep of her fecking Tuscan castle as she lectures me about all sorts of shite. I feel dirty for buying this rag and violated by the transfer of wealth from me to Toynbee. Moving on I cover Gulf Keystone (GKP), FairFX (FFX), Osirium Technologies (OSI) which I do not get at all and contrast with Falanx (FLX) which I do very much get and whose shares we own. I also look at WH Ireland (WHI), Servision (SEV) and Easyjet (EZJ) which gives me a chance to be rude to Andrew Monk at VSA Resources.
2856 days ago
It was 11 years ago that 3DM as was, Environmental Recycling (ENRT) as is and its sister company Eden Research (EDEN) were sending me lawyers letters. Both were frauds. Both are still frauds. Today Environmental lost its Nomad and as it is bust it is game over. Now I am going for Eden but in this podcast I tell the amazing story of both frauds, explain who was involved and is disgraced, accuse certain City folks of lying and worse as part of the cover up and demonstrate why this should have ended years ago but did not down to failings ( again) at AIM Regulation as well as disgraced Nomad WH Ireland. I warn you there is some bad language as I am pretty emotional right now. Enjoy, this is no holds barred stuff and it will shock you.
2872 days ago
He has emerged again from under another stone. Now at disgraced WH Ireland (WHI), Shackleton represent a company called Croma (CSSG) which has not covered itself in glory today. I take a detailed look under its bonnet. Ho Ho ho. I do the same for Ambrian (AMBR) where Richard "piggy" Chase once worked and then discuss Nyota (NYO) which he trainwrecked suggesting a fair price for the placing it urgently needs. Ouch! And there are a few words on corporate governance, executive greed and Advanced Oncotherapy (AVO)
2887 days ago
I am back in the UK for the 50th Wedding Anniversary of my in-laws but on the way to the Grim North today my father says that he will be filling out his Brexit referendum postal vote in front of me. Touche, I have my papers too and will fill in my vote. Back in 1975 my father's father was a spokesman for leave. He will be spinning in his grave as his son, but not his grandson, votes today. I discuss that. Then I move onto Nick Hewer trying to stop old folks being scammed by unregulated boiler rooms. But what about regulated scammers. I go back to poor Mr Bagot, WH Ireland (WHI) and John Molyneux a broker who has retired a rich man having trashed the savings of Mr Bagot and others. Why is Molyneux not being hauled up before someone? What message does that send out?
2891 days ago
Jim Bagot, the Essex pensioner mugged by WH Ireland (WHI), relieved of most of his life savings by John Molyneux stuffing him into wholly inappropriate stocks is on the warpath back outside the offices of the disgraced broker. We recorded a video with Jim this morning and have photos of him in action. Enjoy.
2905 days ago
The poltroons who run the Isle of Man Government yesterday announced that it had awarded a mandate to manage the cash the colony favoured by tax dodgers has hoarded away to WH Ireland (WHI). The mandate from the tin pot crown colony will not be enough to transform the fortunes of WH Ireland whose financial position is still pretty dire. But it shows the Isle of Man Government up for the fools that they are.
2905 days ago
This short presentation by Nigel Somerville and Mr & Mrs Bagot went ahead in the face of fascistic legal threats from the disgraced pensioner mugging broker WH Ireland (WHI). This fight goes on. You will be shocked by this video.
2908 days ago
There were some absolutely cracking entries for this caption contest as you can see here. In a sense, as it is round at WH Ireland (WHI), everyone is a winner (other than the clients) so high was the standard of entries as you sought suitable captions for the picture below from the WH Ireland HR department. But the two joint winners are
2917 days ago
John Molyneux, the WH Ireland (WHI) stockbroker who destroyed the life savings of Essex pensioner Mr Bagot, left the disgraced broker in a bit of a hurry last year. We now have an exclusive picture from the HR department as they interview for a suitable replacement. can you please supply a suitable caption in this week's contest, in the comments section below - deadline midnight 8 May.
2917 days ago
As you know disgraced broker WH Ireland (WHI) used fascist bully boy lawyers to stop the penioners it mugged ( the Bagots) and Nigel Somerville from exposing the AIM listed firm at UK Investor. We went ahead and what we served up was shocking. WH Ireland has to date insisted that the Bagots were a one off. That now appears to be demonstrable fiction.
2925 days ago
Sorry for the late bearcast - just back from the 20 week scan. All on track, fingers crossed. I end with news about Mr Bagot, the penioner mugged by WH Ireland. I start with Metal Tiger (MTR) and my story of earlier and the comments of morons. I then move onto African Potash (AFPO) and Blenheim Natural Resources (BNR) before ending on Andalas (ADL) - where's the RNS Mr Dave "I break the rules" Whitby? I also cover Strat Aero (AERO), see HERE, and Goldenport (GPRT).
2942 days ago
Pensioner mugging stockbroker WH Ireland (WHI) has not announced this via RNS yet but just to remind it to come clean, my source close to the action says that the back office unit of its stockbroking operation is to be closed at the end of May. It is not clear if the almost 30 staff - many of whom have worked there for more than two decades - have been given the bad news yet. Well I guess they have now.
2986 days ago
Yesterday afternoon I revealed HERE that the FCA would stiff disgraced pensioner mugging stockbroker WH Ireland (WHI) with a large fine. Sources claiming to be close to WH Ireland pooh poohed my story. They should have known. The Sheriff was not wrong. Today came the fine ( £1.2 million), a 72 day ban on taking on new corporate clients and news of a £1 million placing at 90p to keep the lights on...but WH Ireland is still not telling you everything. Here are two more scoops.
2987 days ago
Disgraced pensioner mugging stockbroker WH Ireland (WHI) has already admitted that it faces a large FCA fine for all sorts of misdeeds (although not the pensioner mugging) but the scale of its, company-threatening - problems is likely to become apparent imminently according to a source close to the situation.
3048 days ago
Everything today is delayed by last minute Christmas shopping including the duck fior Christmas day and the stocking presents for the cats and by a visit to the Conservative Club as I explain. In the podcast I again warn David Lenigas and Afriag (AFRI) shareholders that I have a special Christmas Day treat just for them, just as I had for fraudster Rob Fielding of Quindell (QPP) and the convicted Nigerian fraudster Andrew O'Dua on December 25 2014 - HERE. Elsewhere I look at Sovereign Mines of Africa (SMA), Fitbug (FITB), Game Digital (GMD), Panmure Gordon (PMR), the pensioner muggers WH Ireland (WHI), Levrett (LVRT) and the shoddy scumbags at the Mail on Sunday, Pittards (PTD) and Audioboom (BOOM).
3052 days ago
I am still on the prescription pain killers as you may be able to guess. And I am still pondering what to get the Mrs for Christmas - any ideas please post away in the comments section. I end with a question for Jabba The Hutt and Afriag (AFRI): tell me David Lenigas what is happening on January 20 2016? In the podcast I cover Infrastrata (INFA), disappointing news from Armadale Capital (ACP), Inspirit (INSP), Octagonal (OCT) - two John Gunn /Lenigas creations - Asian Citrus (ACHL), eServGlobal (ESG), Impact Holdings (IHUK) and ask the question could WH Ireland (WHI) - full dossier on its sins HERE - run out of free cash soon? The answer after today is that the pensioner muggers could well do so. Karma.
3119 days ago
Scandal plagued stock broker WH Ireland (WHI) still refuses to say how many other pensioners were – like poor Mr Bagot - mugged and had their life savings trashed by John Molyneux and his team of discretionary stockbrokers and nor will it even bother to launch an internal enquiry to assess the damage – you can see our full investigation HERE. But Essex old boy Mr Bagot has now taken to the streets.
3123 days ago
Scumbag brokers WH Ireland (WHI) hosted a table at last night’s black tie AIM awards. What with the taxis, champagne on top, etc. that must have cost it £3000+ but presumably it did not invite Essex Pensioner Mr Bagot, a man whose life savings were trashed by its former senior employee John Molyneux (see HERE)
3133 days ago
It is back to old style bearcast today as I cannot get Audioboom to work. I am sure that it is all my fault. I crow about: winning the living wage debate last night and Volex (VLX). Then it is onto Panmure Gordon (PMR), WH Ireland (WHI) - please sue me for libel bitchez - and Daniel Stewart (DAN). Then I give a good kicking to tosser Dragons Den star Piers Linney and his POS company Outsourcery (OUT)
3133 days ago
The scandal surrounding how WH Ireland (WHI) staff led by John Molyneux systematicaly car crashed the discretionary portfolios of vulnerable and ageing clients such as Mr and Mrs Bagot is growing. But I now bring you a tale of another WH Ireland car crash...
Step forward Mr Andrew Shepherd who manages client money in the Manchester Office. Last year Mr Shepherd took an F1 Maclaren costing £245,000 for a test drive. Here is a picture of the Bagot's portfolio (oops I meant the car) before that test drive.
3134 days ago
Featurng all your favourite players in this mad old tale: Craig Whyte, Charles Green, Aiden Earley, Paul Shackleton, WH Ireland, Dave King, Mike Ashley, Old Mother Worthington (WRN) et al. The big question is whether Rangers FC (RFC) can get a stockmarket flotation away and if so when? It is that which I try to answer in this podcast.
3136 days ago
First it was the Daily Mail and now it is the Daily Telegraph that has taken up the cudgels on behalf of Essex pensioners Mr and Mrs Bagot who were completely robbed by AIM listed broker WH Ireland (WHI). This scandal is growing and could bring WH Ireland to its knees as I have already flagged up HERE. The Telegraph today gives us full details of the scale of the mugging. It is awful.
Between 2006 and 2012 WH Ireland discretionary fund manager James Molyneux invested £985,138 for the pensioners. Given their age this should have gone into safe blue chips. Instead it was spunked away on 45 different stocks mostly on AIM, ISDX or not even listed. By 2012 that portfolio was worth just £421,980 – 14 of the 45 companies had gone bust.
3164 days ago
Yesterday we outed Mr John Molyneux as the WH Ireland stockbroker who had mugged 75 year old pensioners by sticking the cash from discretionary accounts into penny stocks – usually WH Ireland corporate clients doing a fund raise – which had nearly all cratered. I can reveal that Mr Molyneux has now decided all of a sudden that at 68 it is a good time to retire. With immediate effect. But if he and AIM listed WH Ireland (WHI) think this scandal is over they are mistaken. It is just beginning.
Because, while one 78 year old couple has taken their mugging up with the Financial Ombudsman and got back just under half of their losses (£150,000) we are fully aware that this was not an isolated case.
3167 days ago
On Sunday I discussed how AIM listed stockbroker WH Ireland (WHI) ripped off a 78 year old pensioner for more than £500,000 but has only compensated him for £150,000. A WH Ireland spinmeister says that the actual loss for the poor defrauded pensioners was only £329,750. But the PR operative was less forthcoming when questioned about a swarm of other scandals.
First we deal with the fellow at WH Ireland who managed the discretionary account for these poor vulnerable old folk, shafting them by sticking nearly all their cash into AIM, Plus and unlisted penny stocks most of which cratered and most of which were WH Ireland corporate clients. I put it to WH Ireland that the pensioners who took action were just the tip of the iceberg – the chap responsible, Mr John Molyneux, has abused a number of other discretionary clients in exactly the same manner.
A responsible firm
3170 days ago
The Mail on Sunday carries a horrific story about a 78 year old man who has seen his life savings disappear thanks to WH Ireland (WHI) the AIM listed stockbroker. Reading this I conclude that only a total lunatic would entrust WH Ireland with his or her cash. With the stockmarket now clearly in bear territory WH Ireland would be unlikely to prosper even without this scandal and at 125p the shares are a stonking sell – second only in this sector to those of the POS Daniel Stewart (DAN).
3238 days ago
Earlier today I revealed in yet another scoop that POS China AIM listed company Auhua (ACE) was planning a placing at just 4p when its shares were trading at 13-15p. The discount told you everything. Broker WH Ireland knows this is just a shite investment and the only folks who will support it are flippers. And now Auhua has fessed up - the Sheriff was right. Yet again. Auhua states:
3325 days ago
ZAI Corporate Finance & Big Ray Zimmerman are squarely in the frame regarding the fraud Naibu (NBU) but in my view it is former advisor Daniel Stewart and its then lead Qualifying Executive (QE) Mr Paul Shackleton who are most culpable and I have today written to the FCA and AIM Regulation asking that both be investigated and punished most severely for their role in allowing the continuation of a fraud that has cost investors millions of pounds.
Shackleton (now at WH Ireland) and Daniel Stewart were meant to report to the AIM Regulation team and the FCA any concerns they had about Naibu up until ZAI took over as Nomad on December 12 2014. During the first eleven months of 2014 I showed that Naibu CEO Houyan Lin (now in prison) had an undeclared criminal past and numerous times accused this company of fraud.
3338 days ago
I am delighted to see that 85% of shareholders in rangers FC (RFC) voted at the EGM to boot out the Ashley patsies and vote on the Dave King slate as directors. But there remain a series of questions about the club’s future on AIM and also about the behaviour of disgraced advisers WH Ireland and Newgate Communications.
King himself has not taken a seat on the board but instead Douglas Park has joined along with the other new boys Paul Murray and John Gilligan. The old board indicated that AIM might have issues with King given his colourful past and I guess he has side stepped that and so there is now np reason AIM can object to Rangers staying on the Casino.
All that it needs to do is to find a Nominated Advisor (Nomad) to replace WH Ireland – the employer of disgraced China fraud specialist Paul Shackleton – which quit two days before the EGM. That should not be an issue.
Most Nomads will represent anyone for a fee. After all Paul Shackleton was happy to represent Naibu (NBU) even though its CEO was languishing in gaol although he did not feel the need to inform investors. Shackleton was well aware that the Naibu CEO had a criminal record but again was happy to take Naibu’s money. Quite why Mr Shackleton regards Dave King as worse than Houyan Lin of Naibu escapes me but then perhaps the fact that Naibu had paid his employer £750,000 in two years swayed his opinion. But I guess Shackleton would not be of interest to Rangers.
But
3367 days ago
Rangers (RFC) has announced plans to hold an EGM to vote on a wholesale change of board. The plans are a disgrace, for the EGM is to be held in London at a venue that can hold only 500. Most Rangers shareholders live in Glasgow. This appears a deliberate attempt by Rangers and its shamed financial adviser Mr Paul Shackleton of WH Ireland to disenfranchise fans.
At the last GM held in Glasgow 2000 attended. The intent n booking a London venue that can hold only 500 is clear. The gibbering fool Shackleton was recorded on the phone trying to explain this decision to a fan and came over as a totally clueless poltroon
3367 days ago
I shall turn to the matter of the forthcoming Rangers FC (RFC) EGM later but the high-handed statement signed off by its adviser Mr Paul Shackleton of WH Ireland yesterday should be viewed in light of a shock revelation I serve up today about his own actions (or inactions) regarding AIM listed China fraud Naibu (NBU).
In the Rangers statement Shackleton throws mud at rebel shareholder Dave King, suggesting that his criminal record might make him unsuitable to be director of an AIM casino stock. There is no doubt that in his efforts to evade tax in South Africa, Mr King broke the law and was no angel. So Shackleton would not act for a fellow with a dodgy past (or present)? Really?
I spent a lot of time in 2014 accusing AIM casino listed Naibu of being a fraud.
3369 days ago
Companies on AIM are meant to post price sensitive information via the Stock Exchange and under Rule 22 they also have a duty to ensure that it is accurate. But Rangers FC (RFC) is advised by China fraud specialist Mr Paul Shackleton of WH Ireland and so yesterday it posted such (mis) information on its own website only. It then withdrew even that release but luckily I have a screen grab for you below.
3370 days ago
Rangers FC (RFC) has still not shown a shred of evidence to demonstrate that in accepting loan proposals from Mike Ashley and rejecting other refinancings it acted in the best interests of ALL shareholders. The Ashley minions who run the Rangers board are clearly loathed by the vast majority of Rangers supporters (rightly so in view of the refusal to provide evidence) and businessman Dave King has stated today that their days are numbered.
King is a colourful character having had a spit of bother with the South African tax authorities and having lost £20 million when Rangers last went bust. But he is a die-hard blue nose, unlike Ashley, and he reckons that he has the support of the 51% of shareholders needed to oust the board. And today he reckoned that the board would agree to hold an EGM this Friday, for later this month.
Interestingly King also said today that current Nomad, WH Ireland and its China fraud specialist Mr Paul Shackleton, was not “fit and proper”. Since we have seen absolutely no evidence
3388 days ago
Pressfit (PFIT) listed on the AIM Casino on August 1 2014. Its first profits warning came within three months. It was booted off the AIM Cesspit yesterday. It is Chinese. I name those responsible for this scandal - firms and individuals - and suggest that all concerned need steep fines and an immediate termination of their City careers and explain why.
3605 days ago
Earlier today one of the deputy Sheriffs of AIM, Comrade Somerville, flagged up massive issues with the CVA agreed by Digital Learning Marketplace (DLM), now Alpha Returns (ARGP) under the watch of Angus Forrest and Bruce Leith, the two men now running Tern PLC (TERN), into the ground. But Deputy Somerville misses out a couple of points which just add to the scandal which, in a just world, would mean Forrest & Leith swinging on a corporate noose this week.
Some might say that CVAs are complex and that Forrest & Leith could be forgiven the odd error (albeit some pretty massive ones). But that would be to ignore their track record.
3611 days ago
I have now twice demanded that Tern PLC (TERN) sack Angus Forrest and Bruce Leith because of statements made when they ran Digital Learning Marketplace (DLM) - now Alpha Returns (ARGP) in 2012. But it gets far worse…
To read my first demand for the heads of Forrest and Leith click HERE
To read my second demand for the heads of Forrest and Leith click HERE
The issues are that the two men were responsible for RNS statements that were quite frankly lies. The first (August) concerned an unconditional contract that was in fact a conditional contract. That act of misleading allowed a placing to be undertaken. The second was a September AGM statement which was upbeat. But at the same time the CVA of DLM’s main operating unit was already underway, the contracts had gone and DLM itself was heading towards a CVA.
This morning I have been told by a reliable source
3618 days ago
I outlined on Friday why Tern PLC (TERN) must fire its chairman Angus Forrest and his gopher sidekick Bruce Leith NOW. Quite simply they have been shown to have committed corporate malfeasance and to have lied to investors at the last POS company they were in charge of – what was then Digital Learning Marketplace (DLM) and is now Alpha Returns (ARGP). I have written – as you can see HERE - to the Nomad (John Wakefield at WH Ireland) and Non Exec, Laurence Read ( a totally honourable man) demanding that they fire the two crony capitalists at once. But it gets worse.
3618 days ago
Nigel Somerville has earlier today (HERE) published the most extraordinary evidence of corporate malfeasance at what was Digital Learning and is now Alpha Returns (ARGP). The two directors exposed by Nigel now run Tern PLC (TERN), another sub scale investment company on the AIM Cesspit. I demand that they be fired NOW!
The FCA and other watchdogs are fully aware of the evidence that Nigel has gathered and investigations are underway. The Non Exec at Tern Laurence Read is an honourable guy and he could choose to wait for the official regulators to act. However the evidence is now out there in the public domain. The Sheriff of AIM has a noose at hand and suggests that Read and Nomad John Wakefield of WH Ireland use it. Forrest and Leith must go NOW!
In that vein I have just written to John and Laurence as follows.
Dear Laurence & John.
3746 days ago
One gets into a spot of bother with your bank accounts getting frozen in a country where you do a lot of business. But heck, you are on the AIM Cesspit, the accounts are in bongo bongo land so no-one will get to hear about this affair and you know that you will be able to sort the darkies out sooner or later so why should Pittards (PTD) have bothered to fess up to investors. Who gives a FF about AIM Rule 11 anyway?
It is not as if sleepy Nomad (step forward John Wakefield at WH Ireland) gave a damn – he told Pittards that there was no need to bother shareholders with news of this rumble in the jungle. But fear not, since I am an avid follower of the must read publication International Leather Maker I will help Pittards shareholders out by publishing for them the RNS statements they could not be arsed to publish themselves.
International Leather Maker really is a bodice ripper. The most read article of the past seven days is: ECO2L -Climate protection and Leather which relays the “First experiences with the environmental certificate: Energy Controlled Leather (ECO2L) by Dr Thomas Schröer, Verband der Deutschen Lederindustrie (VDL) Dipl. Ing (FH), Jutta Knödler, I-T-G GmbH.” Sod the next series of Nashville, Kylie on The Voice or the Bridge Series 2 this is real entertainment. It has it all.
I digress. My fave new website
3966 days ago
Allow me to have a gloat. It is champagne round ar Real Man Pizza tonight as the Cesspit IPO of joke company Bison is pulled. In turn this whacks a string of pointless AIM Cesspit listed investment companies for six. Happy days.
The great overhyped joke IPO of 2013 on the AIM Cesspit, that of shale ( whoarrr feel the sex forget about the numbers) energy play Bison Energy has er…flopped. It has bison the dust. Those who read my analysis of this great enterprise which was set up last year but suddenly was worth almost a billion dollars according to its broker WH Ireland may not have been surprised.
4004 days ago
Last weekend I exposed how Verdes Management (VMP) a company listed on the AIM Cesspit market had misled investors in a series of RNS announcements as it struggled to say afloat in recent months.
Verdes is a tin pot company rapidly running out of cash. The big questions are for WH Ireland, its nominated adviser (Nomad) and broker. The questions go the heart of who misled investors and the failure of the regulatory system on the Cesspit AIM market.
You can read my original expose here
On AIM the Nomad must sign off on any statement. A Nomad must therefore satisfy itself that the statement is true. If a company issues misleading statements ultimately it is the Nomad that should carry the can, although on the Cesspit this never seems to happen. The broker raises money for a client and takes a commission of (usually) 5% for doing so. Both Nomad and broker are paid a retainer by clients such as Verdes.
Questions for WH Ireland:
