1306 days ago
I end with today’s placing news from Xtract Resources (XTR) and the range of reasons why this has become a pariah stock. I start with two excuses for lateness. In the middle, what I made of last night’s Presidential debate. Trump, I judge, won it but not with a knockout. I am not calling it yet but I move my prediction from too close to call to still tight but leaning to Sleepy Joe. It is his to lose now. Correction: the debate host was from Fox not CNN – as stated inh the podcast – but is a known Trump hater and his clear partiality was all too evident.
2924 days ago
BHS started with 1 store in 1928. Today it employs 11,000 folk and operates from 164 stores. And it has just gone bust. The blame lies not with the current management but with Sir Philip Green who sold BHS to today's bosses for £1 a year ago.
3340 days ago
Aiden Earley has obtained an interim injunction against me publishing certain documents he admits are genuine because I might damage his good reputation. Who on earth is he kidding? There are large number of reasons why this man is a Pariah in the City, a scumbag, almost universally despised. And so here we go on explaining to Worthington (WRN) shareholders the track record of your dominant shareholder and the man who has created the omnishambles of a fraud that is your company.
We will gloss over the fact that Earley spent four months in prison for accounting malpractice in 1992. That was a minor career setback. We can go through the numerous failed companies on his CV. Again only a minor setback. We can gloss over his involvement with Craig Whyte and Rangers FC (coming to a Court in Scotland soon) and incidentally a matter where Earley has been quizzed under caution many times.
Perhaps I shall – for the time being gloss over how he subscribed for £80,000 of shares in an AIM placing, took the shares and dumped them but never paid for them. The CEO of the company involved has just donated £1,000 to our “Fighting Aiden Earley of the fraud Worthington (and Rangers FC) Fund" – as I hope that you will do here – and will appear in Court of needs be to explain why behaviour such as this means that Earley’s City reputation is of being a total rotter.
Pro tem we shall gloss over how the emails Earley do not want you to see show once again that he treats a PLC bank account as his own piggy bank and cares not a jot about any standards of decency and adhering to the law.
Let us for now just consider the behaviour which lead to him being disqualified as a director for five years in 2013.
