Dear Ray.
It took you just two weeks to complete your due diligence on Naibu before taking on this fraudulent POS as a client from Daniel Stewart on December 12 2014. It took less than a month for Naibu’s FD to resign with immediate effect and for shares in this company to be suspended from the AM Casino pending clarification of its financial position.
I know that you are your team of dedicated baboons round at ZAI Corporate Finance have your hands full dealing with the abject disaster and overpromoted POS that is Mosman Oil & Gas (MSMN) right now but where is the statement from Naibu?
You are clearly speedy workers in that you managed to assemble a full and bulging due diligence client take on folder for Naibu in just a fortnight. So why after three weeks can you not tell us what is going at at Naibu? Where has the reported cash gone to? Did it ever exist? Surely you can serve up a statement?
As you are aware this has wider ramifications. When Naibu is shown to be a fraud there are three other companies from the Fujian Province of China (aka Fraud Central) listed on the casino: Camkids, China Chaintek and Jiasen. There are clear links between all members of the Fujian four, yourselves, Daniel Cesspit, that fine and upstanding law firm Pinsent Masons ( don’t mention Sefton!), accountants, Zedex. Shares in all the other three now trade at a discount to cash and all the other three claim to be profitable. JQW – not Fujian but China – is now on a similar rating.
The market in the here remaining members of the Fujian 4 plus JQW is thus – shall we say – not normal. It is your duty Ray to lift the shroud of uncertainty, to wield the sword pf truth and to issue a statement to tell us all WTF is going on.
Please pull your finger out.
I remain as ever,
Your Obedient Servant
Tom Winnifrith
The Sheriff of AIM
