The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
In my opinion I think it is due that some heat comes at last on this LSE Channel (although this will probably be deleted).
In my opinion there are too many businesses getting away with murder posting 'let's say questionable information regarding their perfomance! I'm guessing long term investors are now getting pretty fed up with watching stage managed interviews which bear no resemblance to how a business is performing. There are no doubt questionable comments being made by Directors with an interest in various businesses which do indeed mislead investors! Many are facing deficits in the region of 80% & they're not merely taking a gamble, they are acting on comments made by Directors!!!
Aim is currently a cesspit & LSE in my opinion continue to support as after all its in their interests to!
I pray for the day when the FCA actually grow some & investigate how businesses can benefit from raising funds this way!?
The current SML board are a disgrace! Look through their RNS's & see what has materialised!!??
It probably has! After all in my opinion the AIM is just a con way of raising funds! Nothing else on the planet operates like this while the FCA & LSE conveniently look the other way! Must be something in it for them else otherwise they would fail to function!!!!
I reiterate again after having a former post deleted by LSE who in my opinion are complicit in this sham. The current BOD have no credibility that is why despite their previous mutterings nothing has materialised??
The Manners family are obviously not too concerned either??
LSE & the FCA continue in my opinion to turn a blind eye. Investors actually invest based on their comments. I wonder where legal action would go with this??
Exhibit A your Honour... " a simple copy & paste excercise. "
Agreed but I would no longer invest in any business he was associated with i.e
Sound Energ y
Corcel Energy
Echo Energy
Ascent Resources
Not one of them performing & all shrouded in dodgy dealing and jam tomorrow!!!
I must admit I have to agree. Max did come across as a positive influence & I agree that he did post some useful information. However I remember him staying things would be better once Biden got elected in US elections - that's how long I've been holding!!
I'm pulling all of my money out of AIM as I now acknowledge that most of it is a con & a way of seeking alternative investment. 90% of companies listed here are all the same.
Frankly the forum supported by LSE network in my opinion is a sham & should be closed down immediately. If anybody tried to report anything then the FCA just look the other way as it's in their interests to after all!
This lot are a shambles!
I have only 1 query... "Can the Directors make shareholders aware of any progress anywhere??"
I'm surprised these guys don't need body guard protection!
I repeat will Parsons & Dennan please leave...that would give the share price a boost immediately!!!
I've read all of the remarks posted yet again! I've set up my own business so I'm off to bed for a 6.30am alarm call as I realise I have to do a days work to earn
SML board are working for you honestly! After all they're experts!!😂😂😂😂
For anybody who has the time or inclination. Just look round the Echo Energy/Corcel Energy/Coro Energy chatboards.... (Sound Energy at al!)
James Parsons....why would any business associate with him or his pals?? A trail of destruction wherever he goes while profiting handsomely along the way!
LSE & others continue to look away!!!!
Does any company that James Parsons is associated with do any good?? Everything the man touches turns to dust!!
A proven track record in driving companies into the ground & profiting handsomely along the way!!
Just been having another look around the haunts of Mr Parsons & his other dodgy appointments...
Echo Energy remain suspended until at least end of August as they cannot produce accounts!! Unbelievable when one considers that virtually the whole BOD are Accountants!
AST'S previous friends Align Research (who also appear to be living in cloud cuckoo land!) had stopped promoting Corcel Energy until the previous Management were replaced due to lack of progress and salaries. They appear to be supporting Corcel now but don't appear to have been associated with AST for some months.
While AST's over inflated Board have been sitting back in their part time roles is there any chance the long suffering investors could have an update on:
Ongoing disputes with partners.
Update from January RNS where it was claimed repairs to wells were being carried out including removal of the historical stuck tool to increase flow rates.
Update on the 2 year old prominent strategic entry into Metals that to this day has produced nothing.
A percentage return comparison on the company's income against expenditure
Really Mr Parsons & Mr Dennan we'd even be interest in finding out where you have booked your holidays and what you actually do during your working week!!
Shares consolidated by 100:1 and still the majority of investors are at least 80% down.
I wonder when LSE w8ll next host a staged managed interview with these guys for an update - will take all of 30 seconds!
The dismay I have for this market sector grows stronger every day. How the Authorities continue to turn a self interested blind eye to it all is beyond me!!!
I am sure sentiment would return overnight if Parsons & Dennan would please move on!
AIMHO
The current AM I Board have no credibility among shareholders so what chance do they have in attracting potential investors to this current scenario!!
Would be interesting how they would word the last 3 years activities in their CV's!!
AIM continues to reward underachievers!!!
What I would add to my original post....I sincerely hope that the LSE Network review their legal obligations towards the individuals & companies that they support throughout this network as well as the comments that they are happy to publicise.. If they wish to argue then let them look at the activities of today as well as the histories of some of the individuals they allow to speak through this network.
All in my humble opinion!(Laughable!!)
It puzzles me now the LSE network actually encourages and turns a blind eye to the activities of today?? Throughout AIM there are Directors earning ridiculous salaries & conducting in my opinion fabricated interviews supported by this network. There is a common pattern of underperformance, lack of foresight & judgement as well as shady (to put it mildly) fundraising which continually penalises long term investors. This is portrayed as a financial investment which it clearly isn't as the regulations are loose (again to put it mildly!). When will the Authorities and in particular the FCA grow some & investigate & punish . The same characters appear throughout this sector & in years gone but they would've been called outlaws!!
The whole AIM sector needs a thorough review & the book should be thrown at those misleading & fabricating to suit themselves. The LSE network continues to support!
Wonder if the LSE Executives who administer this forum would be willing to comment on the activities of today by this company alone!!!
For all the bullxxxt of James Parsons being a skilled financier....let's see what he gets out of this situation for 'genuine LTH's!!!'. I doubt anything. The sooner this individual ( & M Mr Dennan) are out of the way the better!!! They have done absolutely nothing for the company since they came on board! And Echo Energy/ Sound Energy/ Corcel Energy...
AIM seems to encourage leadership with no credibility whatsoever. The only drain on the finances are the Accountants in charge running things to suit themselves!
I also question LSE as an organisation as they seem to turn a blind eye also. I hope nobody else makes the mistake of trusting anything that comes out of their mouths!
One day this sham will be investigated!
Yep! Absolutely an opportunity for the long term holders to wait another 12 months while the jokers at the top milk their salaries for another 12 months!!
Forgive me if I'm wrong but I thought AST 's primary focus was now on their laughable Metals strategy in South America?? 2 years in & still nothing tangible to report!
Btw I'm still keeping my eye on Person's progress at Echo, Corcel etc - everywhere the man goes he draws a handsome salary while leaving an absolute trail of destruction behind!!