Orchard Gate
08 Mar 2015
Re: Daniel Stewart Good of you to show your face again Uphill, after telling us that Naibu couldn’t be a scam because it is on AiM and has an auditor. LOL. We have missed such brilliant insights.And we have missed your gems such as “I bought at 11.70p... It's where it's going that matters. I will say it again... If you aren't investong (sic) why bother posting rubbish comments? Dividend will be restored to this "scam"... Mark my words”And “NBU isn't broke... It's got lots of cash and makes a decent profit”. Hilarious.But my favourite was your “strong buy” recommendation AFTER the shares were suspended. Presumably you were strongly urging anyone to buy your own worthless shares. What a numpty.
UphillStruggle
07 Mar 2015
Daniel Stewart Daniel Stewart Securities, off 29%. The institutional stockbroker, wealth manager and corporate advisory's shares have been restored to trading following the publication of its restated results for 2014. The company got into difficulties last year after it identified a shortfall in regulatory capital, and its shares were suspended as it sought new funding to strengthen its balance sheet. The group in January said it has secured GBP1.5 million in new funding through two cash subscriptions and via a loan note agreement.
paccamac
03 Mar 2015
Final cherry in the cake... As per TW's bearcast, apparently the CEO has been languishing in a chinese prison for the past few months. I've no idea what his source is but if this is true it's the final cherry and icing on top of a steaming pile of cack.
Orchard Gate
25 Feb 2015
Re: Glimmer "Today’s RNS gives some encouragement to the idea that all is not lost here"No, I think that announcement gives encouragement to those who wish to commit a large scale corporate fraud. You have the AiM Rules and the enforcement team; the NOMAD; the 'independent' non execs; the auditors; the press; and the law.And yet you can still take a pile of investors cash and just disappear with it.If you think that announcement is encouraging for investors in Naibu then I would suggest you should stop taking whatever drugs you're on, because they've clearly scrambled your ability to think.
paccamac
25 Feb 2015
Re: Glimmer pendil - Don't be daft. What you suggest doesn't make sense on any level and is absurd. 1) If the NEDs weren't performing then the exec can simply choose to fire them. The exec management of companies work closely with the nomad to issue RNS statements so anything coming from NEDs mean management are nowhere to be seen and are not communicating with the broker/nomad.2) What board meetings? According to the annual report the company only holds 'several meetings per annum' and attendance of these by NEDs isn't documented. A legit company would have 8-12 meetings per year and would show in the annual report exactly who attended and who didn't. Naibu don't.3) What Hargreave Hale want to do is now completely and utterly irrelevant! So too are the wishes of any institutional or private shareholder. The shares are suspended and the value of Naibu stock is precisely zero.The company for all intents and purposes is now a private one based in China. Any cash that remains will be in a bank account in China and accessible only to those that have access. Face facts - this is 100% shareholder wipeout.
LoadsaDosh2
25 Feb 2015
Re: Not looking good... I'm here OG. You were right. There; feel better now?
Orchard Gate
23 Feb 2015
Re: Not looking good... Doesn't add anything we didn't know already. And I did say over 5 weeks ago ".... apparently the Exec directors have disappeared (or are not contactable which could be different but has the same effect for the company) .... [it] appears to be a major fraud." So you could say you read it here first.What happened to that pair of jokers who were on here every day saying it was impossible for it to be a fraud because it is on AiM (hearty laughs all round at that one) and because the accounts are audited which proves they must be "true", which is one of the more stupid things I have read on this web site. I note that they have scuttled off.
the last night trader
23 Feb 2015
Not looking good... [link]
The Millipede
18 Feb 2015
Re: Glimmer "think it makes sense to wait and see"The shares being suspended there is little else shareholders are able to do. I think I will wait and see too because this is utterly fascinating but I agree with TX2 and OrchardGate...... this was never about shareholder value and, IMVHO, if the non executives were serious people of integrity they would have flown to head office by now to see things for themselves. There is simply no excuse for not doing this.Instead they, being unable to contact anyone, set up an accountants' review and enjoin the executive management team to cooperate? How will KPMG make contact if directors can not? Absolutely &£^%ing pathetic. Sorry, but it is.
Orchard Gate
18 Feb 2015
Re: Glimmer I've seen some things on the stock market over the years working in the business I'm in but I've never seen a situation where the NEDs say publicly that they have no idea as to the company's financial position because the exec directors cannot be contacted/refuse to respond.Given lack of response from the execs and their refusal to comply with even the most basic rules of AiM, the company should be kicked off immediately and permanently and the police should now take over the investigation (I understand they are involved).I did say a few weeks ago that I'd be told the exec directors had "disappeared" and so it has proved. Any cash which supposedly existed has gone too no doubt. This is almost too funny for words. What a car crash! Simon Thompson and Daniel Stewart should get some truly serious grief for this, especially DS which took the fees but did zero to protect investors.
pendil
18 Feb 2015
Re: Glimmer You may well be right TX2 but I think it makes sense to wait and see
TX2
18 Feb 2015
Re: Glimmer It is a SCAM from start to finish.This is a pathetic attempt by certain parties to distance themselves fom what has happened.The cost of the KPMG report,along with neds & Fat Ray @ Zai's fees and other listing costs will hoover up any remaining cash at the Jersey holding company!If you are still a shareholder call the SFO,call the CI Police,report the UK based non execs,their advisors,get their names in the public arena so others are warned!You will get nothing back of course but but you will cause deserved "problems" for those who have to answer difficult questions.
pendil
18 Feb 2015
Glimmer Today’s RNS gives some encouragement to the idea that all is not lost here.Paccamac’s theory is, I think, that the company is a complete fraud and neither the business nor the cash exists.The alternative suggested by the RNS is:i) trading is difficult, as previously advisedii) the non-execs, who had previously been prepared to turn up to board meetings and collect their cheques, realised more was now required of them. However, management sees the non-execs as irrelevant – presumably they were simply taken on to satisfy listing requirements – and sees no need to waste time telling them what is going on as they would rather concentrate on the business.iii) the cash is actually there as per the audited accounts (to the extent not subsequently used up in funding losses and working capital, but it’s unlikely they could have used up all of it)Obviously corporate governance is appalling, and with that attitude to non-execs and by extension to the outside shareholders they represent, even assuming there is some value in the business it can’t be guaranteed how much of that will eventually flow to the outside shareholders. (Simon Thomson of the IC was right to see the poorly explained decision to axe the dividend as the cue to exit.) Ultimately it may depend on what the institutional investors such as Hargreave Hale are prepared to do to defend their position.Clearly with the shares suspended we can only wait.
LoadsaDosh2
13 Feb 2015
Re: Don't miss out again Orchard Gate Again you decline the challenge. I already explained I don't have serious money in those ones you mention. In REDD and MCB I have a reasonable amount and was prepared to share those with you by way of a fun competition to see if my picks or yours were better. Clearly the idea of fun doesn't enter into your sour existence unless it is taking delight in another poster's misfortune or abusing them.Nevertheless feel free to name a share if you are up to the challenge though I don't want to hear a jackanory story about it months further on, name it and price it now like I did with REDD (92p) and MCB (75p).
Orchard Gate
12 Feb 2015
Re: Don't miss out again Orchard Gate I looked at nine of your recommendations from the first half of last year chosen at random. One which you thought a sell had gone down 7%. The other eight were buy recommendations of which one has unchanged and seven had fallen by an average of a staggering 56%, all in less than 12 months.Why would I take any recommendation by you seriously (other than, perhaps) to trade the other way. You are clearly one of the worst stock pickers I have ever encountered, magnetically drawn to obvious basket cases like Naibu, CamKids and Quindell in your search for a get rich quick trade and you're also quite clearly not very intelligent, so I won't be wasting more time on you, although kicking you around the park has had its ghoulish fun aspects.
