A tale of deceit, lies, smears, one of the biggest political scandals you’ll ever read in your lifetime.
The Labour centrists conspiracy to deliberately lose both, recent general elections and install Tom Watson as interim leader…… The demonisation of socialism, Jeremy Corbyn and the betrayal of everything that the Labour Party stands for!
Absolute political dynamite: PASS IT ON
It stinks and it stinks to high heaven. Nostra Terra Oil & Gas (LON: NTOG) released a holdings RNS (TR1) yesterday from Eridge Capital. Mug punters will know that Eridge is what’s left of the New World Oil & Gas fiasco that went down in flames via massive stock market manipulation. Once again, the ramping and manipulation has well and truly started at Nostra. Lofgran is over-seeing a massive fraud and is involved. He’s up to his ‘Mormon’ neck in it! And we all know who the P&D crew behind it are.
Yesterday Nostra released a TR1 stating that Eridge Capital held 4.43%. That TR1 was a blatant lie. In actual fact Eridge’s holding was 3.34% (6,523,000). Today we get another NTOG Eridge TR1 stating that their holding has gone up from 4.43% to 4.98% (9,731,333). Again that is a lie. The RNS from yesterday was bogus ergo today’s TR1 is bogus. the Eridge Holding has not gone up from 4.43%. The numbers do not add up. Yesterdays TR1 contained material inaccuracies as to the true size of Eridges holding. Todays TR1 also contains material inaccuracies as to their present position.
As you all know I’ve exposed this company more times than I can remember. But now questions need to be answered by their Shorting CEO Lofgran and their Nomad Strand Hanson.
1/ Who wrote and lodged yesterdays Eridge TR1?
2/ Who wrote and lodged today’s Eridge TR1?
3/ Is the person connected, in any way shape or form, to Nostra?
4/ Has this person received cash payments past, present or future from NTOG
5/ Why did their Nomad sign off both TR1s containing material inaccuracies?
The stock market rules on TR1s are crystal clear. You only disclose an increase or decrease in your holding when you go through each percentile point. That is to say 3% to 4% to 5% etc. You do not release a TR1 in the bits in-between. It’s designed to specifically stop market abuse (Bogus TR1s are an attempt at stock market manipulation). Now I’ve spoken to Strand Hanson (Nomad) today. So I expect that some where along the line they will get back to me or YOU with clarification of ALL of the above.
Barge-Pole Nostra, it’s a calamity waiting to get thrown off the AIM.
“Oh, what a tangled web we weave… when first we practice to deceive” That pithy saying could almost have been exclusively written for the Alpha Growth Chief Operating Officer (COO) Mr Daniel R Swick.
I was an investor in Alpha Growth (LON: ALGW) on their IPO. I liked the company it had a good business plan, a Board of Directors that passed muster and a very capable investor relations team who got their message across. If it could do what it set out to do, then the SP would rise and rise it did. Hitting over 5p in 2018 from its IPO price of 1.2p. Indeed, their SP is still trading over 70% up from the IPO price, that is good news. I sold out way back last year when it became apparent to me that they were in contractual difficulties signing up on the major contracts that were being promised, taking a modest profit of circa 40%. I needed cash for a property investment renovation. But I never stopped following or researching them as they could always be a contender for a blog post etc.
Broken Promises
Alpha Growth came to the market promising great things in the Longevity sector, a fancy word for buying peoples pensions/life insurance policies at a discount. Trumpets were heralding major company making deals just around the corner, unfortunately one can only blow one’s trumpet for so long before lips blister and you run out of ‘puff’ and after 14months of ‘blowing investors trumpets’ the clarion calls have faded to a weak squeak. Credibility is now on the line for the company. And it is credibility that I draw investors/trader’s attention too.
Now, this is an important point to understand, which becomes self-explanatory further down this article, Alpha’s business is all about ‘Contracts’ and their ability to not only sign contracts to close deals, but to stick to the terms of a contract. Contractual breaches are not good business when you’re in the Longevity sector. Doesn’t matter what the contract pertains to or who it’s with. You breach & it gets out then you’re in difficulty and your ‘Longevity’ as a company comes into question.
Placing
My sources and research indicated that the Company were running up debts, having contractual difficulties, failing to close deals and needed to raise cash in the not too ‘distant’. In short potential Contract Failures/Breaches of some kind or another etc. Recently having spoken to probably one of the most diligent FCA regulated broker/nomad outfits to clear up the ALGW placing rules I can confirm thus: The amount they can raise (being a standard listed entity) is a percentage (20%) of their shares in issue in any one 12-month period.
“Companies quoted on the Standard List have greater restrictions on the issue of new shares than those on the AIM (cess-pit). Once a company is listed, it can only increase the number of shares that are admitted to trading through either a placing or from the conversion of convertible debt or exercise of warrants (unless issued prior to June 2017 in both cases) is limited to 20% of the shares already admitted to trading on a rolling 12-month basis. The only way around this is to issue a new prospectus.”
There is a temporary work around in that for shares quoted on the Standard List, a company can issue the shares (or shares that may result from a convertible) and not admit the shares for up to one year. This means that the shares cannot be traded, but only a fool or someone confident of a huge rise in value would agree to this.
Material Uncertainty
With a declared cash balance of £237K, as of last year Dec’ 2018 they can only issue 20% of 126,335,000 shares in issue. That equates to a total placing of shares of 25,267,000 in their next 12-month window. Being an extremely generous type let’s say they raise cash with a small 20% discount at 1.6p. That’s circa £400k in cash over the next 12 months bearing in mind that they burnt through close to £500,000 up to August 2018 (8 Months) and generated zero cash then they have for the next 12 months a miserly £600,000. Which is why their Auditor issued a “Material Uncertainty” as a going concern. Alpha Growth must raise cash.
Contractual Breach
Now that brings me on nicely to one of the known on-going legal disputes regarding a breach of contract to a ‘service provider’ that’s snowballing into a full-blown court case. How do I know this? Why it came directly from Mr Danny Swick who passed confidential information, in breach of contract, to one of Alphas ‘Cornerstone Investors’ on 23rd/24th December 2018. (It also embroils the Cornerstone Investor into a legal dispute) So, my source, on the now known legal dispute, is ‘Swick the Dick’ who made wholly unsubstantiated, malicious claims that the service provider briefed me, thus breaching the contract. Laughable, as it is deceitful, to try to deflect away from their parlous, pecuniary position and their failure to ‘pony up’ and pay their debts, ‘Swicky’ has told a pack of lies to the service providers solicitors! Ho! ho! ho! Talk about digging a hole……
Of course, I’ve provided the solicitor (who contacted me directly) with the name of the Cornerstone ‘geezer’ and a full verified transcript of the twitter conversation, that is as you say “f**king damning” while completely exonerating myself and the service provider from ‘Swicky Dicks’ lies. One thing it does, is prove 100% that the leaker of confidential information is Mr Daniel R Swick.
Caveat Emptor
What’s going on here is simple: The feeding of ‘green bananas’ (Promises of contracts/deals worth £100Ms) to the BB ‘Howler monkies’ in order to artificially manipulate their share-price so that they can raise cash at higher levels. Then dump a placing on the mugs who buy in at the higher SP. By way of example: This is the dichotomy: “Alpha Growth plc is a financial advisory business providing specialist consultancy, advisory and supplementary services to institutional and qualified investors globally in the multi-billion dollar market of longevity assets”. Says the blurb on their website. This is their financial position: Just over £200K, No revenue, No big contracts signed, Contract Breach, Legal Jeopardy, with qualified accounts containing their Auditors ‘Material Uncertainty’.
Big Red Flags
Alpha are a company that deal/trade in contracts. A contract is a legally binding agreement based on honesty and integrity. Breaching a contract simply because you do not have the cash to pay is bad business practise but breaking the confidentiality of that contract then lying to a solicitor is about as big a red flag as an investor can get. If a COO of a company is prepared to cheat another company out of their fees, tell a pack of lies to a solicitor while giving out confidential information to ‘privileged’ investors then one has to ask what else has this company lied and cheated about?
Questions
1/Who else hasn’t been paid? 2/Why haven’t the so called ‘big deals’ been concluded? 3/How many others has Swick been passing confidential information too? 4/What are the implications of cornerstone investors being given sensitive information before the bread & butter investors? 5/Is this endemic of their business? And 6/What will happen when their potential business partners learn that the company, they’re looking to sign a contract with breaks confidentiality, lies to solicitors, doesn’t pay up and ‘could’ be on the hook for literally £100,000s in legal costs if it ever gets to the High Court? It’s a fooking minefield! I could go on and on with the legality and drag in The FCA rules on disclosure and market manipulation, and why Swick needs to ramp up the Alpha SP etc. But I fear information overload for the reader…. Swick has been heavily involved in the formation of Alpha Growth and the IPO from day one. He wasn’t plucked out of the ether or head hunted. Swick was running around London in 2017 engaging with brokers and corporates pre IPO on ALGW business.
Suffice it to say that I’m now all over this lot speaking to journalistic sources in the USA and their potential business partners.
I promise you this ‘Dear Swicky’ should you or any of your team appear at any investor presentation in the United Kingdom then ‘Yours Truly’ will be attending to rip you and your company a new arse hole in public and in front of your investors (Mugs)
Blow My Own Trumpet
And that Ladies & Gents is why I’m the 2016, 2017 and fingers crossed (Vote for me), the 2019 ADVFN International Financial Blogger par excellence…….
Viva!
Dan
X
Here we go yet again Nostra Terra Oil & Gas (LON: NTOG) CEO the lying deceiving scumbag Matt Lofgran, the man who shorts his own company and pays a self-confessed drug dealer to write his RNS’s has released another ‘corker’ today! The druggie boy is now and has been ramping to fook on twitter and his no google ranking ‘valuethemarkets’ website, bought from that other ‘credible market coNmentator Mikey the strangler, shouting from the rooftops what is quite frankly wholesale lies and fraud to pump up NTOG pre placing.
Apparently there’s been an increase in the oil reserves at one of his Stripper Well assets. Pine Mills. You’ll recall what stripper wells are? Wells at the end of their economic life.
The scam being perpetrated here has been going on for so long it’s now an open, running, pus filled sore on the AIM market.
Future potential upside in the Woodbine-Wagoner;
The Tom Pepper of Tom Peppers is that there’s “1.39 million barrels gross recoverable “Possible” reserves, “Internal assessment” based on an existing independent study” At 3.5 barrels of oil a day because that’s what is being produced per stripper well at Pine Mills, it would take 100yrs to extract the fantasy figures ‘Heralded ‘ today. It’s a big fat pre-placing whopper!!
I draw your attention to the three words. One is ‘possible’ the other two are ‘Internal Assessment’ The translation is thus ‘possible’ because we can’t say definitely because we have no data whatsoever to prove it. ‘Internal Assessment’ This is what WE are saying IN-ORDER TO RAMP THE SP. Wholesale bullshit.
Of course what they’re not saying is that there’s no cash and the company is in debt to their own Directors who now basically have to fund the business because no sensible investor would touch it with a bargepole. The only people in this travesty of a ‘Tale Tale’ are the Pump & Dumpers, who basically dictate the SP etc.
Now we can all see the P&D going on here. For instance the 53% Permian play $40,000 field ‘Twin Well’ drill. Being spun as a major oil find. This is a ‘Stripper Well’ that will produce circa 35bopd at best!!! 53% of that is about 18 barrels of oil. Of course the delay in the official numbers is caused because yet again this is a stripper well and needs critical care to get it producing.
When the ‘scores on the doors ‘ are released there’s going to be an almighty crash back to reality here.
You have all been warned….
Viva
Daniel
Just when you think life at the disgraceful Nostra Terra Oil & Gas (LON: NTOG) couldn’t get any worse yesterday they announced a keep the lights on placing for £500,000 part of that embarrassing ‘barrel scrap’ is being raised through the Teathers crAp oops sorry the Teathers App. What that should tell investors is that Nostra Terra is ‘out of control’. The current Board of directors are a joke. Where is the independent oversight from the Board? Having to go cap in hand to a busted Company for a bail out placing!
Placing
I’ve consistently warned people that they were after a placing. Indeed it was this site that exposed their last cack handed placing that cratered Read HERE. You know the one where Lofgran said; “A placing of new stock was in contemplation on 17 February 2017 but that the board of Nostra Terra has decided now not to proceed with the placing” the truth of that was this. They couldn’t raise the cash because there was no appetite and the share price had gone below the placing price. It blew up!
Leaking of Inside Information
It’s blatantly apparent from yesterdays drop in the SP prior to the after market close RNS that NTOG is being influenced by well known Pumpers & Dumpers. Matt Lofgran, a man who has deceived investors for years and even loaned HIS stock to YA Global to short his own Company to the detriment of his own share-holders, has lost control of the Company. That drop in SP was a leaking of inside information on the placing. It should be investigated.
When a CEO, who is mired in controversy, has to rely on such desperate measures as using an online App to raise cash, at a discount and throw warrants in to pull them out of the financial cess-pit to keep the lights on for another 3 months then the end is nigh folks…. 12 people used the App! Who were those people? P&Ders! It is bankrupt morally and even more importantly close to financial ruin. There is very little left in the kitty. It is close to Bankruptcy. Where has all the money gone? £500K will get them another 3/4 months before they have to raise capital yet again at a discount. Investors have lost count of the amount of placings this POS has done. The figure in pounds sterling must be in the tens of millions. The erosion of value here is running close to 90% post consolidation which doesn’t take into account the previous dilution over 7 years. It is horrendous. It is a scandal. The regulators should step in and close it down.
The Egyptian Nightmare.
The failure of Lofgran to inform the market that production from Egypt has halved is yet another pointer as to the duplicity of this Company. That is market sensitive news that should have been released months ago. It is deliberately being with-held to keep their share-price up. Nostra’s 25% East Ghazalat production has more than halved from 220 bopd to approx. 100bopd. No revenue whatsoever has come from Egypt. The Chinese operators are claiming drilling costs that by far exceed any revenues owed. Nostra Terra are in Default.
Bomb Shell
However it’s only going to get much worse. News has reached me that shareholder cash has been used to pay online known internet Troll/s to deliberately attack their own share-holders who have a right to question the omnishambles that is Nostra Terra. This is absolutely disgusting! Share-holder money is being used to attack their own share-holders. I have contacted NTOG and the parties involved via email. Their failure to respond speaks volumes. I will give the Company and the parties involved till Monday 24th of April 2017 to clarify exactly what has happened. If no reply is received then I will drop the bomb and expose all.
Anyone holding stock in this POS should cut and run and get as far away as is humanly possible before the next P&D and the next placing. Protect your cash, take a loss now as it’s only going to get much harder to exit. I see no value whatsoever other than shell value. Their liabilities and historical losses by far out weigh the market cap’. 1p is generous.
Abandon Ship!
Viva!
Dan
As most of you already know Nostra Terra Oil & Gas (LON; NTOG) CEO Matt Lofgran is now mired in a shorting scandal. That scandal in a nutshell is thus; Lofgran borrowed money from Yorkville (Known Death Spiral Shorters) to buy shares. Having bought the shares he then lent some of them to Yorkville. Yorkville shorted those shares using the CEO’s loaned stock and when they closed their short positions returned some (but not all) of the shares back to Matt. The shares which Yorkville kept they sold and ML didn’t have to repay the loan he took out. Not one single penny came from Lofgran.
At the time of the shorting Lofgran was heavily promoting NTOG. Knowing full well that Yorkville/YA Global were shorting them using his ‘loaned stock’. At the time of the warrant exercise Lofgran stood to make close to £1,000,000. In the RNS of 7th October 2013 Lofgran again lied to the market, which declared an increase in Lofgran’s holdings of 83,956,296 when in fact his holding had decreased by 71,043,704. You can confirm that HERE Loaning 155,000,000 shares then getting back 83,956,296 shares isn’t an increase in your holdings it is a DECREASE.
There are other details / strands to the story not highlighted above, but in a nutshell ML facilitated and was complicit in the shorting of NTOG for his own personal financial gain to the financial detriment of shareholders. You can read the facts HERE That makes his position as CEO UNTENABLE. He has to RESIGN.
Now some where along the line over the last few days, Nostra Terra contacted Tom Winnifrith or TW contacted them. In their attempts to spin their way out via a damage limitation exercise. It matters not who initiated. Listening to Tom’s bearcast yesterday, on ShareProphets which you can HEAR HERE. It became apparent that TW had not cross-referenced the evidence against Lofgran before coming out to back him. He had taken the word of NTOG/Yorkville as the truth. After an email string of 28 emails between myself and Winnifrith the penny finally dropped. He now has some of that evidence. I have written confirmation from the FCA that Yorkville/YA Global placed those shorts and that those shorts were LIVE. Whoever from Nostra and Yorkville it was that tried to mug Winnifrith off with lies regarding the Yorkville shorts should take note.
A pissed off Tom Winnifrith is not a man any tiddler on the AIM casino can afford. Lying to cover up lies never works. Winnifrith is far more adept and experienced than myself at exposing corruption.
Shareholders should be under no illusions, these are gravely serious matters and ones which require due attention by the relevant authorities.
Further, and for the avoidance of doubt, it is considered that the CEO had established ‘special factual relationship’ with the shareholders in this case. It is apparent he held a duty of disclosure of material facts to the shareholders and that he had an obligation to use commercial and financial opportunities, which had been acquired by him in office, for the benefit of the shareholders, and not to prefer and promote his own interests at the expense of the shareholders.
Prior to the provision of the personal loan, YA had signed a SEDA with NTOG. It is understood that because the market price had subsequently fallen below floor price per the SEDA agreement, YA was unable to execute on the SEDA. The Loan Shares were used instead as a mechanism to enable YA to secure NTOG equity, leading to their shorting the stock.
The apparent misalignment of the interests of ML with those of the shareholders. ML made personal gains (he profited from being able to exercise warrants because of the finance provided by YA, who in turn profited by using the shares he provided to destroy company and share holder value) whilst the share price dropped c. 30% during a year in which the oil price increased c. 20%;
Share holders are now calling for an RNS from Nostra to do what they have been trying to do behind the scenes and that is to explain exactly what went on. Winnifrith has now asked for the Company to issue a statement and inferred that if the facts are as set out then Lofgran has to Resign. I have to tell investors that no RNS or statement will come. Because Nostra/Lofgran would have to impugn the integrity of the FCA. In other words they would have to call the FCA liars. The facts are crystal clear. Yorkville/YA Global placed shorts on Nostra using the CEO’s ‘Loaned Stock’ Lofgran made huge personal financial gains and was complicit in that shorting, furthermore Lofgran yet again deceived the market in the Holdings RNS of 7th October 2013.
In my experience, when CEO’s are exposed for malfeasance within their Company they will twist and turn at every opportunity to try to deflect away from that malfeasance. Which is exactly what’s happening right now.
There will be no RNS because Lofran cannot get the FCA to lie. And it is only official FCA confirmation that counts, such as the official FCA confirmation that I have in my possession that confirms that Yorkville/YA Global placed those shorts and those shorts were LIVE.
Resign immediately Lofgran. It’s not going away.
Viva
Dan
