319 days ago
In today’s Bearcast, I discuss Deepverge (DVRG), Microsaic (MSYS), SUPP (WPCT as was), Wood Group (WG.), Wildcat Petroleum (WCAT), Kefi Gold & Copper (KEFI) and Bluebird Merchant Ventures (BMV).
691 days ago
In any study, you need a control group. When it came to train-wrecking your economy, driving folks to suicide and causing untold misery through mask-wearing, social-distancing, and staying away from dying relatives, the European control group was Sweden. The MSM did the bidding of the experts and a united political class, warning that Sweden would see mass deaths and that the streets of Malmo and Stockholm would be piled high with bodies. Well, not quite, but the language was apocalyptic. Ultimately, we dissenters were wrong, and citizens should only ever “follow the science”. Or else, it would end badly for us all back in Airstrip One.
1092 days ago
Well you heard it here first. Actually you did not.As you can see below this report comes from an impeccable source: twitter where Jack Dorsey et al ALWAYS act to censor fake news so you can rely on twitter to give you the truth. Perhaps that is why 26 folks liked this tweet and 1 has retweeted it. Sadly for those 28 losers ( the author, RT and likes) this is demonstrable fantasy.
Supply@ME Capital (SYME) shares were suspended by the FCA at my instigation, firstly for failing to publish accounts on time after it changed the year end to cover up lies it had told. And then as the FCA started investigating those lies and many others, most notably its fraudulent prospectus in which it overstated net assets by 99% and its bogus 2020 interims in which it booked fake sales and its RNS of 28 September 2020 announcing more fake sales and director share dumping on the back of those lies.
1151 days ago
It was January 5 and a notice came up on Facebook. And so I remembered. It would have been the 20th Birthday of my morbidly obese three-legged cat Oakley. His Facebook page where devotees could watch him in action is still live even if he is not.
1180 days ago
The photo below is from the 1913 wedding anniversary of my great great grandfather, the Reverend Alfred Winnifrith. I have the press cuttings which his wife kept of his work as a parish priest. He was a good man, a high Anglican and staunch Tory who was rewarded by the Belgians after the First war for his heroic efforts in assisting refugees with the Medaille du Roi Albert avec Rayure.
1724 days ago
I start with reports in the Times about share sales by EIF over the past week which just go to show that this fund will be gated until Christmas or beyond. Then I discuss whether Neil Woodford should go to prison for what he has done and having considered the evidence I argue that he should.
1756 days ago
Ahead of lunch with a scouser I encounter someone just out of prison. There you go, life here in the Grim North. I urge you all to follow the lead of Saintly Tech Queen Vin Murria HERE.Greedy AIM bosses screwing shareholders infuriate me and in that vein I cover: Mirriad (MIRI), EVR Holdings (EVRH) and Argo Blockchain (ARB). I also look at FinnCrap (FCAP) where the dam is breaking, Share PLC (SHRE), Frontier Smart Technologies (FST) and Audioboom (BOOM).
1791 days ago
Oh dear, oh dear, Julie “lingerie on expenses” Meyer really has lost the plot now sending out a letter to business contacts in which she declares she is innocent of everything and then tears into her critics including me. Thanks to Winnileaks I have that letter.
1932 days ago
This is not a story about Milestone (MSG) now known as Catenae (CTAE) or even its former CEO Deborah White who should have been sent to prison for what she did there. Instead it is about a corrupt City broker which deserves to be brought to task.
2119 days ago
I think that I am abroad when President Trump visits the UK. Were I not to be overseas I would regard it as my duty to head to London in my "Hillary for Prison 2016" T-shirt to show my support for the leader of the free world. For every ghastly lefty going, notably Guardian squit Owen Jones and useless Mayor Khan, are promising to launch mass protests against The Donald.
2682 days ago
Bristol is the sort of left leaning City where the patronising middle classes agree with Matt Frei that ALL Trump supporterrs are racists. They agree with Hillary Clinton that anyone voting for the GOP is a "deplorable". Naturally we Brexit voters were also termed ignorant racists by the bien pensants of the South West. Put it this way: I really don't feel as if I am in my ideologocal home here.
2756 days ago
Hate preacher Anjem Choudary will next week get a prison sentence of up to ten years for inciting others to support a proscribed organisation, that is to say Islamic State or ISIS. Surely jail is the last place we should be sending him?
2759 days ago
It has arrived. My Hillary (Clinton) for Prison 2016 T-shirt is here. I think it looks great. But the Mrs is not sure that she wants to be seen with me if I am wearing it. The intolerance of the liberal left is frightening. As you can see below it is magnificent.
2858 days ago
Trendit (TRIT) announced on 4th January 2016 that it had "completed a placing of existing and new ordinary shares at 5.53 pence per share, and is raising a total of £4 million before expenses." Its shares duly joined the Standard list and were soon trading at north of 6p. The statement was not a lie but it was so utterly misleading that someone must go to prison.
2870 days ago
If anyone sees Chris Cleverley about town make sure he reads this. The "spin" from supporters of African Potash (AFPO) is that the events of yesterday are just a matter of bad PR, nothing unusual on the AIM casino and we should just move on. Ben "flip flop" Turney tweets such nonsense. Boy has flip flop lost the plot. African has been seen to have made statements via RNS, as it worked a placing away that were just, by its own admission, untrue. It raised cash on a false prospectus. That is fraud. Its shares must be suspended and its CEO Chris Cleverley deserves to go to prison. And he might just do that. Flip Flop sent out two tweets on this matter yesterday:
3119 days ago
I am meant to be offline in Greece but I log on and discover the flip flop Turney is writing bullish nonsense on Quindell (QPP). The lad should really stick to writing three articles a day about New World Oil & Gas (NEW). After yesterday's news from the FCA/SFO I discuss who goes to prison with the fraudster Rob Terry and where this leaves the shares. Those who dismiss YLF tend - like flip flop - not to have spoken to them and - as a result - not to understand what is going on.
3133 days ago
In this part of the bearcast I go through all the frauds admitted to by Quindell today, the bungs, the lies, the non disclosures, the revenue recognition issues, the panama pumps. Most of this has been revealed on this website already but today Quindell fessed up. What we said abut Himex, TMC, Stretton Knowles, the fraudster Rob Terry...it was all true. And that means that Rob Terry WILL go to prison for this. And so will others.
3136 days ago
My father is at Church and the the pub and so I am able to record a quick podcast covering three themes. First the snearing and dying deadwood press - something prompted by THIS. Then interest rates. And then Wandisco. For more on Wandisco, as mentioned in the bearcast, Investor Show magazine out this weekend HERE
3143 days ago
I knew about this last week, but yesterday afternoon ex Sefton (SER) boss Brokerman Dan (Dan Levi) outed himself and revealed that he had in a former life spent 16 years in high security prisons for a variety of offences some involving firearms. Essentially as a young man he was a member of drugs gangs in the slums of Manchester. He is now coming clean, I believe, because he got a call from a National Paper asking for comment about a story it was planning to run.
You might expect me to slate Dan or David John Hopkins
3244 days ago
In this podcast I start with a few words on Berkeley Mineral Resources and its quite amazing statement of yesterday (HERE). Hats off to Alex Borelli but why is no-one going to prison? I then go onto look at Slater & Gordon in light of a very interesting piece of research pubished in Australia overnight by Merrill Lynch on S&G post the Quindell deal.
3259 days ago
Shares in Quindell (QPP) were suspended for six hours today as it was caught out for once again having told investors a pack of lies. It seems that it has sold Slater & Gordon rather more than was announced on Monday. This is just a total joke of regulation – when is someone going to prison?
On Monday Quindell said it had sold its Professional Services Division for £637 million. It retained its Technology unit. Er.. No. Today it fessed up that it had sold most of that as part of the deal too.
3283 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.
3290 days ago
Yes you read the headline correctly. The CEO of an AIM listed company has been languishing in prison since mid-November and no-one has been told about it. Two Nomads, the non-execs, AIM Regulation you stand accused of contributing to the darkest hour of the Casino. Anyone who has bought shares since the incarceration you know who to sue. Surely heads must roll?
3370 days ago
The chocolate teapots that are the SFO/FCA have prosecuted just 46 people for insider dealing and 29 have been found guilty and not one has been sent to prison. But the scale of Rob Terry’s Quindell crimes mean he should be the first. I suggest he face the maximum 7 year prison stretch and a fine of £19 million (fines can be unlimited) – the question is how many times has he dealt on inside knowledge.
We know when he made a net 7 million quid on November 5th from share sales ( which he said were buys) that he did so knowing that Canaccord had quit as joint broker – information not released to the market. That is slam dunk insider dealing.
3374 days ago
Rain stopped play. I cannot record a movie. Anyhow I have a face made for radio and so this week's video postcard is an audio in which I set out the stark choices facing Quindell (QPP) directors tomorrow: prison or telling the painful truth.
3394 days ago
Rob Terry you are a liar, a fraudster and now I also accuse you of insider dealing. I shall not rest until you go to prison you low life vermin criminal. For today we discovered that you and your FD Laurence Moorse and NED Steve Scott sold vast numbers of Quindell shares while withholding price sensitive information – that Canaccord, your joint broker and sponsor of your failed main market listing application had quit.
The rats at Canaccord told Quindell they were quitting on 21st October giving one month’s notice. Quindell has today brought forward that departure date to immediately. Or rather I suspect Canaccord has done its maths and demanded to go at once.
3506 days ago
Telling investors something that is untrue in an approved announcement (an RNS) as you endeavour to issue shares to raise extra cash is not good. Not only is it a lie but it is an attempt at fraud since you are raising money on the basis of a lie. I hereby accuse Brian McDonnell of US Oil & Gas (USOP) of being a liar and a fraud. He should go to prison. And if it does not resign first thing on Monday its advisers Alexander David Securities is a willing party to that fraud. It should quit at once. Brian can sue me for libel if he wishes but this is a slam dunk. The little crook is exposed.
On 23rd May 2014 in an RNS little Brian stated:
3528 days ago
Results yesterday from Sefton Resources (SER) were predictably dreadful. The silver lining shareholders had hoped for was that after December 31st 2013 ex-boss Jim Ellerton would no longer be a drain on this AIM Cesspit posterboy. However, it seems not. Jim is still trying to relieve Sefton of any cash it might have. The man has no shame. I call on the current board to take steps towards trying to ensure that Ellerton goes to prison where he belongs.
As a reminder: Ellerton was forced to leave the Sefton board by the toothless AIM Regulation team which deemed him not to be a fit and proper person to sit on an AIM board and boy there is a low threshold there.
That came after I revealed that Ellerton was either a perjurer or had been using company funds for his own purposes or both – see HERE.
The AIM team should have booted him out well before for lying about output numbers and many other matters over many years and then raising money on the back of those lies. Ellerton was a conman and a liar and should have gone to prison.
Of course Ellerton compounded his woes by using vast amounts of shareholders cash to sue me and Brokerman Dan for libel last year for calling him a liar and a conman. And we all know how that turned out don’t we. Smiley face. Smiley face. Smiley face.
And so as at December 31st the grossly overpaid old liar left Sefton under an agreed compromise settlement agreement. But it appears that the old rogue has not gone back to his luxury Hawaii mansion to spend more time with his foxy wife Carol. Sefton is essentially bust but Ellerton wants more
3614 days ago
My good friend Dan Levi, broker man Dan, was on Thursday released from prison having spent seven weeks there on remand. He was cleared of all charges in court and has a formal “Not Guilty” record sheet. I hope he will now go after the Old Bill for compensation. I have known where Dan was “residing” for some weeks but have stayed schtum until now to protect his family.