Orchard Gate
19 May 2015
Re: from a blog So you were wrong, you mean?the way, the child was a small girl with red hair who was sobbing in fear. Yes, sounds like you, I agree.
kachiri
18 May 2015
Re: from a blog That was me! My hero...Probably I thought that there was a chance to make money
Orchard Gate
14 May 2015
Re: from a blog As you ask, I was bitten on the shoulder when 11 after I went to the aid of a smaller child which was being savaged by an Alsatian.So now we have cleared that up, perhaps you'd care to explain how you came to describe Naibu as "a great buy."
kachiri
14 May 2015
Re: interesting It is interesting. Can anything be done? I would take part in a class action - assuming it's true.
kachiri
14 May 2015
Re: from a blog You were saying that you enjoyed a laugh orchard...how come the bitter tone? Did you get bitten by a dog when a small child?
Orchard Gate
14 May 2015
interesting In November of 2014 the Qualifying Executives in the Nomad team at Daniel Stewart, led by China fraud specialist Mr Paul Shackleton all quit and it was forced to tell those AIM Casino companies it represented that they needed a new Nomad or would be slung off AIM. I can now reveal that the London Stock Exchange then secretly scre*** ordinary investors in order to avoid its own humiliation. The LSE was aware that some of the companies Daniel Stewart had floated were not investment grade material suitable even for the casino while at least one (Naibu) but possibly more were outright frauds. November 2014 it was an open secret in the Square Mile that Naibu stunk. However it did find a Nomad to take it on as did all bar a couple of the Daniel Stewart clients. We had all assumed that the new Nomad for Naibu, ZAI Corporate Finance, had signed a form saying that it had undertaken due diligence on Naibu and that it was kosher. Given that Naibu's CEO Houyan Lin was in prison at the time and that its purported cash pile just does not exist we had suggested that ZAI is not fit for purpose as a Nomad. We stand by that view but in the case of Naibu we would like to apologise to ZAI. For whilst investors in Naibu thought that it was kosher because to take it on, a new Nomad must surely have checked it out, the reality is that there was no due diligence done by ZAI or indeed by any Nomad taking on a Daniel Stewart client because the LSE (AIM Regulation) arranged secret waivers. We have been passed copies of special forms Nomads were given when taking on the Daniel Stewart client base where they can sign off on taking on the client stating that they have done no due diligence at all. Instead they simply had to undertake to do DD within two months and if that failed they could then resign. The Nomads were all reminded by the LSE that they were operating under a strict code of confidentiality with the implied message that if a Nomad blabbed it could then face disciplinary action. The net effect of this cover up is that anyone who bought share in Naibu after 12 December when ZAI was appointed should now sue the LSE for their entire loss - the stock was suspended on January 9 as the NEDS smelled a rat and will not return. They can justifiably claim that they bought thinking a new Nomad had done DD but that was not the case because of a secret scheme organised by the London Stock Exchange. This scheme was reckless in the extreme because there could have been other frauds which folks could have bought into thanks to the LSE cover-up - I still believe China Chaintek is a total Norfolk. And you may well ask whether anyone else would have taken on Rangers FC ( subsequently suspended) had this waiver not been applied? So why was the LSE happy for private investors to get scre***in this way? To spare the blushes of Daniel Stewart by not having a raft of the sh*** it floated deemed "not fit for purpose" by its peers? I doubt it. The reason is China. A couple of Asian/Chinese PLCs saw their AIM Casino careers die as Daniel Stewart lost its Nomad license. They were just too hot to handle, too close to being insolvent. But had Nomads had to to a full "new client DD" report on Naibu and others there could have been a mini cull of the AIM China plays which could well have set alarm bells ringing at Allenby (nomad to the fraud Camkids) and Cairn (nomad to the fraud Jiasen) and elsewhere. A mini bloodbath of China AIM frauds would have been FT front page. Instead under the LSE secret scheme the bad news got dribbled out. That is less humiliating for the LSE, which insists there is no problem with China fraud on the casino and indeed is keen to get other Chinese companies listing on the casino. And if - as was the case with Naibu - the LSE's secret cover up caused private investors to lose their entire investment having bought shares they thought were the subject of DD, well so what? The LSE clearly thinks that private investo
Orchard Gate
11 May 2015
Re: from a blog 1. It's funny 2. I know some of the individuals involved 3. It is a scandal which has implications for AiM and the Nomad system from which lessons should be learnt 4. It's a good example then even when it is obvious that there is something seriously wrong with a listed company there are those including a number of posters here who refuse to listen or take on board the warning messages.5. It annoys people like you.So now time for my question: how did you come to post so many laughably stupid comments on this BB?
kachiri
11 May 2015
Re: from a blog It wasn't a rhetorical question Orchard. And I still can't why you bother with 'dead heads' like me and why you spend so much time with NBU.
Orchard Gate
08 May 2015
Another Chinese fraud Another of the Chinese AiM frauds unwinds as Sorbic now admits that its CEO has stolen all the company's cash and so it is, in effect, bust. Oh and the Chinese police have refused to get involved saying this is a commercial and not a criminal matter i.e. you lot have round eyes so we're not going to help you against a Chinese person.Naibu, Sorbic both now exposed as frauds and a list of other AIM China stocks which claim to be sitting on vast cash piles but can’t seem to afford cash dividends. JQW, Jiasen, Camkids, China Chaintek. Do you see any pattern emerging yet?
Orchard Gate
07 May 2015
Re: from a blog Oh I forgot5. Because it winds up dead heads like you who claimed Naibu was a bargain on a P/E of less than 1. Doh! So if I'm making the point that you were no only wrong (we all get investment decisions wrong) but so wrong in the face of the available evidence to be described as stupid and if this annoys you, then you have reason 5.Instead of asking me rhetorical questions would you not be better explaining how you made so many dumb posts here and maybe even show a little mea culpa? Or is that beyond you?
Orchard Gate
07 May 2015
Re: from a blog Genuine answer:1. It's funny2. I know some of the individuals involved3. It is a scandal which has implications for AiM and the Nomad system from which lessons should be learnt4. It's a good example then even when it is obvious that there is something seriously wrong with a listed company there are those including a number of posters here who refuse to listen or take on board the warning messages.Is that enough for you? Do you object to me making an occasional post? if so, go somewhere else or stick me on ignore. It's a free world. Sort of.
kachiri
05 May 2015
Re: from a blog Orchard, why do you spend so much time on naibu? Genuine question.
Orchard Gate
01 May 2015
from a blog "This must all just be a complete coincidence. Two AIM China companies have announced the sacking of their head honchos by the non-execs. Both are suspended pending financial clarification. Both have engaged Chinese legal firms to gain control of cash/assets of their respective companies. Both apparently have plenty of cash, it is just a small issue that the cash seems to be stuck in China.It is perfectly clear that there is obviously nothing wrong whatsoever. There is no fraud, there have been no lies and shareholders can rest assured that it will all be sorted out. Naibu (NBU) and Sorbic (SORB) are fine enterprises which bring credit to the AIM market of the London Stock Exchange (LSE), which is very proud of the contribution to UK GDP that AIM is making. That the assets of both are based in China is just pure coincidence.Naturally we should all be grateful to the London Stock Exchange for its wonderful work in bringing such an array of highly regarded international companies to London. We can all rest easy in our beds – the London Stock Exchange is doing its bit for Queen and country.Investors have nothing to fear: the AIM market is rigorously regulated with relentless scrutiny. We know this because the LSE tells us as much. Surely, then, there is no possibility that any fraud could take place.It is all just a bit of a misunderstanding: something lost in translation – Naibu’s (former) top gun, Huoyan Lin is not in jail. No, no – what a slur! The non-execs have spoken with him (even though he doesn’t speak English, apparently). The money has not vanished either – that is why the non-execs announced on 29 April that they have had to raise cash in the form of shareholder loans. Nothing to worry your little heads about. It will all be fine.Meanwhile there is nothing to worry about at Sorbic either. The cash is sitting there in China and will be forthcoming just as soon as the lawyers have found it. No problem at all. That is why the company announced on 22 April that the UK-based directors had removed the CEO, Mr Wang Yan Ting, from office. And it is why the UK Directors took the responsible step of having the shares suspended in the meantime, pending financial clarification. Don’t worry, dear shareholders, everything is under control. No, no, no – the cash is there.Gate Ventures? All completely above board. Nothing to see, move along now please.Jiasen? Drowning in cash, generating more cash, yet paying interest but no dividend. Nah, its fine.We know this because of the excellent work of the AIM Regulation team, and we can all rest assured that nobody would pull a fast one on the AIM Casino. After all, with the record of AIM regulation’s draconian and very public sanctions against even the slightest of transgressions, who would dare risk it?And the London Stock Exchange obviously wants to make sure that we can all have the fullest of confidence in its markets. After all, if the investors went away the LSE would have no business.No, everything is fine in the AIM garden. All smells of roses. There is nothing wrong. Nothing.And now I’m off to a séance to chat with the Tooth Fairy, paid for by that large inheritance heading my way from Nigeria."
Orchard Gate
30 Apr 2015
Re: News! Surely before tapping shareholders for money to try and recover a situation which would never have developed without their negligence. the NEDs and two Nomads should pay over the fees they have received from Naibu.
TX2
29 Apr 2015
Re: News! Obviously shareholders will take great comfort from an RNS signed by Giles Elliott,Zai Corporate Finance & Daniel Stewart.......
