Viceroy have obtained the 12-page whistleblower report mentioned a recent Bloomberg article. Viceroy received the report anonymously just prior to our previous publication on Adler Group but Bloomberg make it clear that management and major stakeholders were aware of this information as early as March.
OCTOBER 6, 2021 – Viceroy Research is short Adler Group SA (ETR : ADJ) and its listed subsidiaries. The Adler Group is a hotbed of fraud, deception and financial misrepresentation designed to hide its true financial position, which is bleak. The Adler Group exists as
September 7, 2021 – On September 2, 2021, ReconAfrica released a press statement and presentation of data on their first 6-2 well by Netherland, Sewell & Associates, Inc. The presentation is a clear attempt to put a positive spin on disappointing drill results but fails
August 16, 2021 – On August 5, 2021, ReconAfrica released a press release containing further results on their 6-2 and 6-1 wells. Far from a success, results have failed to live up to RECO’s exaggerated claims of a world-class reservoir and instead showed an area
JULY 21, 2021 – ReconAfrica’s stock promoters deleted paid-for ReconAfrica content from their website without any corrections or justifications before quietly reuploading it. The company has not made any announcement to the market to explain why an article commissioned by them had been removed. Viceroy
JULY 14, 2021 – Viceroy calls for the immediate revocation of ReconAfrica’s (seismic approval. We raise further issues with RECO’s communications. RECO show clear contempt for stakeholders and a willingness to distort the truth to further their aims. RECO announced the completion of drilling of
July 13, 2021 – This morning on Africa Good Morning geologist and environmental expert Jan Arkert gave his view on ReconAfrica validating Viceroy Research’s views on the matter of ReconAfrica’s geology. For the avoidance of any doubt, Viceroy have never retained the services of Mr. Arkert,
June 30, 2021 – Viceroy’s due diligence often includes communication with stakeholders. $RECO was no different. It has come to our attention that Ms Shino, who agreed to partake in an interview with Viceroy, has denied that this interview took place, and denied that there
ReconAfrica’s micro-response to our report contains zero facts, addresses none of Viceroy’s pertinent questions, and is loaded with promotional language. JUNE 29, 2021 – On June 28, 2021, Reconnaissance Energy Africa responded to Viceroy Research’s report, titled “ReconAfrica – No Oil? Pump Stock” (Report –
June 24, 2021 – Viceroy Research is short Reconnaissance Energy Africa Ltd (TSXV:RECO), a junior oil miner specializing in stock promotion and insider enrichment. RECO’s mining assets are not highly speculative: they are borderline imaginary. Despite a CAD >1bn market cap, RECO has a near-zero
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