2979 days ago
Oh dear. To have one POS turfed off the AIM Casino might be considered unfortuaate but to have two booted off and forced to flee to the ISDX lobster pot looks like carelessness. And so after the tobacco smuggling business of Afriag (AFRI) departed, next up is Doriemus (DOR). Oh dear.
2982 days ago
The tobacco factory at Pietermaritsburg operated by CK Tobacco was at the hear of the Lonrho empire of David Lenigas which found itself emeshed in tobacco smuggling activities some years ago. Ownership of the site passed from Delta Tobacco to CK Tobacco but control remained with Afriag SA principal Yusuf Kajee who in 2011 applied for a new license for his operation from the South African Revenue Service, SARS. An explosive letter that has fallen into my possession shows why that application was refused.
2983 days ago
There has been a deafening silence from Afriag (AFRI) as its shares have moved from the AIM Casino to the ISDX lobster pot. It has repeatedly refused to comment on the problems its key players at its main operating subsidiary, Afriag SA, continues to face. Later today I shall publish documents I have obtained from South Africa which show exactly what those players get up to and as a hint...it is illegal. But for now I ask David Lenigas who is at best a keen promoter of this POS if not a shadow director, what his pal - and fellow despicable smearer of critics - Yusuf Kajee is up to on March 17?
2985 days ago
There is an RNS out from LGO Energy (LGO) which is being spun as a triumph. It is not. The shares are up 37% today (so just 90% down on the IPO) but I systematically expose the truly bad news LGO is fessing up to. David Lenigas is - as you can see - on twitter having a go at me. Like his tobacco smuggling pal Yusuf Kajee he plays on the suicide of my mother, implying again that I have mental health issues. I do not, but Mr Lenigas will see his soul burn in hell. He is shameless and all folks with any conscience will just refuse to have anything to do with him.
3042 days ago
He learned from the master of twitter abuse David Lenigas. Do not answer mammoth questions raised over Christmas about tobacco smuggling & criminal enquiries underway (HERE) or why shares in Afriag MUST be suspended (HERE), instead Mr Yusuf Kajee has sent me more than one hundred abusive tweets making the most lurid of (unfounded) allegations. You can see some below.
3042 days ago
On Christmas Day I demonstrated clearly that the two main principals of Afriag (AFRI) had a serial record of being involved with companies engaged in tobacco smuggling in South Africa. That they are now running a logistics business in South Africa is the AIM Casino equivalent of putting a fox in charge of the hen house. But there is also a technical reason why the shares must be suspended at once. And will then never come back.
3056 days ago
We have already seen that when Lonrho ( then chairman Jabba The Hutt) subsidiary Rollex was caught tobacco smuggling, it said that the company was blameless but this was merely PA activity by Paul de Robillard (HERE). Notwithstanding this David Lenigas vehicle Afriag's (AFRI) biggest investment is a 40% stake in another Robillard company (Afriag SA) involved in logistics. But here's a third Robillard company, Doltek.
3058 days ago
Jabba The Hutt knew I was running a piece today on Afriag (AFRI) so braced the lemmings, the few peasants who still believe him, with a twitter smear callimg me a drunken twirp (sic) and predicting I would produce a whole new set of "unfounded lies". I have never penned one lie on Jabba, all my damning criticisms are valid and today's Afriag article is no different in that respect, it is a bombshell. Just in case the former Lonrho chairman wants something else to tweet about here is some more.
Here is the Jabba tweet
3058 days ago
Fridays focus of ramping for David Lenigas was AIM listed AfriAg (AFRI) But what is this company and who is involved? I sense the ghost of LonRho, what follows makes this an uber-bargepole stock
Note: There are two AfriAgs in this tale – a UK Listed AfriAg (plc) with the ticker AFRI. Confusingly there is also a private South African company with the same name - AfriAg (Pty) Ltd. I will refer to the UK company as AfriAg plc and the South African one as AfriAg SA.
Big Dave Lenigas
