3 days ago
Last week I asked if Bushveld Minerals (BMN) had LIED to punters when it said in a 5 December RNS that it HAS raised $18.4million. Of course it did lie as, as of today, it still has not received $12.5 million of that cash. So it had not raised the monies it claimed it merely had some dodgy chaps saying that they would put in money. That is very different. Natch stacks of morons who cannot see inside this paywall took to twitter blasting me for telling lies without having read what I actually wrote. Karma mothers. Karma.
291 days ago
Wildcat Petroleum (WCAT) lied in its first RNS, claiming to have raised £600,000 pre IPO when, in fact, the cash arrived only after the IPO so allowing punters to sell their stock into a pump and pay for it afterwards. That should have told you everything. At peak ramp just over two years ago the shares were 3.7p. Today they have slumped by 22% to 0.35p but guess what?
536 days ago
Of course, Wildcat Petroleum (WCAT) lied to investors with its very first RNS as a quoted company so what follows suggests that this wild cat is a leopard and its spots have not changed.
841 days ago
Wildcat Petroleum (WCAT) is the Standard Listed company that lied in its very first RNS exactly one year ago today. More importantly it is rapidly running out of cash, as I noted here, having failed to get anywhere close to executing an RTO as promised 12 months ago. It gets worse.
956 days ago
In their 2019 manifesto, the Tories said they would not hike Income Tax or National Insurance. Today we learn that an NI hike of 1-1.25% is planned to help shorten NHS waiting lists and to pay for care for the elderly. So the Tories lied. But it is worse than that. What is proposed is manifestly unjust, it is the transfer of wealth from those without to those with it.
957 days ago
Back in April and May of this year, I suggested that serial dog Bidstack (BIDS) was running on vapours. One investor I know put this to the company’s broker who assured him that the company did not need to raise for many, many months and that I was talking shite. Today Bidstack has published its results for the six months to June 30 and guess what?
1632 days ago
There are no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). It is just me and I start with yet more repentance from me. Sorry if this is boring and repetitive but some folks just dont seem to get it. Then onto what the General Election means for investors. Finally a look at 5 companies which have lied/misled by act or ommission or just committed plain fraud and the common thread that links them all, well nearly all. If you like this 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.
1635 days ago
As if those folks who do not mind that CEO James Draper lied to them on August 8 about H1 results do not need another reason to sell their shares in Bidstack, Draper has provided it by dumping stock himself. Smart move.
1659 days ago
In scoop after scoop this week starting HERE and ending HERE I detailed how Bahamas Petroleum (BPC) was trying to raise $25 million, first at 1.4p, then at 1.2p and finally at 1p. Those who signed up at 1p were told it would be announced Wednesday then today. In fact it has been pulled as the company could not, even at 1p, get close to $25 million. But today Bahamas has quite simply LIED.
1941 days ago
Last weekend we served up two stashes of documents HERE and HERE which made it clear that on a serial basis Frontera Resources (FRR) had either not informed its Nomad Cairn and the wider AIM Casino market of pertinent news or had, in some cases, simply lied to one and all. On Christmas Eve at 7.30 AIM Cairn quit as Nomad and the shares were suspended. That prompted the biggest lie of all.
2531 days ago
In August 2015 AIM Casino listed fraud Eden Research (EDEN) announced that it had sold a license to its long time associated company Terpenetech for £600,000. On the same day it announced that it had bought a 29% stake in (worthless) Terpenetech for £920,000 in shares. I quizzed Eden's PR man Paul "Queenie" McManus of Walbrook PR about this deal which was clearly a panama pump fraud. And Queenie lied to me.
2601 days ago
After Donald Trump's comments on Sweden and immigration, the Swedish home secretary Ylva Johansson gave an interview on the BBC News channel when she said there was no connection between crime and immigration and the level of rape in Sweden is “going down, and going down, and going down.”
Fair enough. That interview took place last week. The BBC did not challenge the minister at all since her pro immigration Trump bashing agenda is that of the UK state funded broadcaster. There is just one problem. The Minister lied.
2633 days ago
Yesterday Darren Winters and his company was in court trying to extract money from a mug punter. We funded the defence of Mr O and you can read about the massive victory for us, damning words for the judge and humiliation of Winters here. But let us first deal with Tatjana, the wife of Winters who was representing his firm in Court and lied to the Judge.
2646 days ago
For shareholders in Strat Aero (AERO) who thought it could not get any worse as the company hurtles towards bankruptcy in less than four week's time, we have bad news: it is about to get even worse.
Last year Strat was sued by American Hulsey Smith who demonstrated clearly that the company had lied to investors. Strat said it would fight all the way but then issued 38 million shares and handed over a wodge of cash to settle with Hulsey. Yesterday it emerged that Smith was dumping as fast as he can - so expect his last 18 million shares to be lobbed out within days. But it gets worse.
2659 days ago
It has already been demonstrated here by the publication of leaked documents that African Potash (AFPO) lied to investors via RNS in November 2015 and January (6) 2016 in order to get a placing away. Now another document has fallen into my possession which shows how Potash misled mug punters into piling into the shares on August 4 2015 as it announced "Landmark Trading Agreement with COMESA". Sadly for CEO Lyin' Chris Cleverley I have the original MOU which we can now compare and contrast with the RNS. Oh dear. Kerboom!
2674 days ago
And so today we have another revelation, this time from Nigel, showing how the rotters at Cloudtag (CTAG) have once again lied to investors in an RNS. I say once again because we have now lost track of the number of times this has happened. And the lies have been told with deliberate purpose: to pump the share price to allow both insiders and those backing placing after placing to dump stock at inflated prices. This is fraud. Yet Nomad Cairn continues to sign off on these lies issued via RNS, to tolerate CEO Amit lying in podcasts and videos to ramp the shares. So I have written once again to Cairn and cc'd in AIM Regulation
2705 days ago
So Cloudtag (CTAG) has been shown to have lied on a serial basis to investors, its founders have made millions of quid dumping shares without telling us, it still has no revenues and may not have a product. What could possibly go wrong? Nothing for the increasingly deranged believers. Meet Ben Alcock, today's Cloudtag moron of the day.
2826 days ago
I have noted HERE that the BBC will do anything it can not to report that a Moslem has killed Westerners in a terror attack. And when it is finally forced to accept that the latest atrocity was (as per usual) committed by an Islamist it makes all sorts of excuses. These days its Orwellian spin is in overdrive but with the Ansbach attack it surpassed itself. Who was the victim? Yes you got it in one did you not? As you can see below...
2874 days ago
On May 16 Avanti Communications once again (AVN) lied to its investors. Since then it has been scrabbling around trying to complete an emergency refinancing. As the shares have tanked from 90p to 64p (and falling) since the lie is it unfair to ask the company and its bombastic CEO David Williams how things are going? First, however, lets look at the lie.
2957 days ago
Jeepers this is a first. Whatever next, fascist PR bullies Citigate Dewe Rogerson apologising? Chris Oil fessing up to his porkies? David Lenigas has today tweeted out an admission that he has been lying to his moronic, and increasingly impoverished, followers.
3051 days ago
If a company tells a demonstrable lie in an RNS that tells you everything you need to know. I turn now to the Greek operations of InternetQ's (INTQ) Akazoo unit. I spent an hour last night with a friend of mine in Kalamata, George the architect. He is Greek and what we discovered demonstrates that InternetQ has lied to investors.
The weedy rebuttal to From Athens with Love" stated:
