Bartercard’s Demise – BPS’s Deceptions

In this post I summarise the deceptions around Australian listed company BPS Technology (ASX:BPS); explain the tricks that the Directors have used to prop up their failing core business; and show how Bartercard continues to disintegrate . . . all this despite personal profit of the three Directors, of course. [Read more…]

PUBLIC WARNING: ASX:BPS Technology

bps-technologyThis is my final serious warning to the public for 2015 about Australian Company BPS Technology (ASX:BPS) prior to my publishing the book and website Bartercard Exposed in Q1 2016. BPS has three divisions, Bartercard, Tess and Bucqi; all of which are losing money. BPS is a simple Pump & Dump operation with the Directors desperately attempting to hold up appearances of what is actually a sinking ship until they can quit their shares in July 2016, and escape with their payout. I predict that their efforts though will be unsuccessful and that Bartercard, the barter industries longest-running & biggest fraud will implode sometime in Q1-Q2 2016. [Read more…]

Bartercard – Industry Warning

This is a public warning to the Barter/Trade Exchange industry regarding Bartercard’s international development plans. In this post I analyse an email I have received from an ex-Bartercard insider who is now ready and willing to speak out, one of many who has missed out badly from dealing with a company whose principals have an incredibly long track-record of exercising substantial aggression and deception for their own benefit. Read here . . . “Warning, Bartercard, red alert!” [Read more…]

Valuing Bartercard’s Currency

valuing-bartercardIn this post I share my recent experiences using Bartercard, explaining how the value of a currency is always determined by the traders, not the issuers of a currency. This has ramifications all round but directly affects traders using the Bartercard currency system, and currency owners/designers who think that they can set the value of a currency ‘from above’. They can’t! [Read more…]

Bartercard Defends &Threatens

irta-showcase

Bartercard’s foot-in-mouth performance leading up to Cancun with a defensive, hit-piece containing pleanty of spin

The day after I finished or thought I had finished The Barter Series, the tipline has supplied me Bartercard’s formal communication to the industry defending itself from the thrust of my blogging, that they are a dishonest and unethical company; have misrepresented their true position in their Prospectus and that they did a dodgy deal with IRTA not in the Members’ best interest. Trevor Dietz’s communication tells the world that Bartercard are the good guys; that I am a conspiracy theorist; he is threatening to to sue me in multiple countries and that he is going to Cancun and is willing to talk. Well spare me days – not even Daniel Evans was that stupid! Bring it on Trev . . . let’s get it all out in the open! [Read more…]

Bartercard (BPS TEchnology) Shares in Freefall

bartercard-share-fallTrading has just finished on the second day of BPS Technology’s trading on the ASX. Shares are in freefall at close of business with shares 90c down still further from 96c on the first day. There’s a long way to go yet before the market price reflects the true value of BPS, which I estimate to be a liability of around -$3.00. [Read more…]

Analysis of the Bartercard CON

Analysis of the Bartercard con. Click to view the graphic (878k JPG).

Analysis of the Bartercard con. Click to view the graphic (878k JPG).

This post gives commentary to a graphical image of the Bartercard operation detailing the various aspects of what is essentially a CON . . . a business based upon serious deception. Bartercard is best described as an insolvent Ponzi scheme with massive undisclosed debt, and unethical conduct directly flowing from their leadership. The numbers below refer to the green numbers on the graphic – best to click to view the large JPG image (878k). [Read more…]

Bartercard’s Friends, Family & Fools

Bartercard's "NO DIVIDEND" mantra will continue . . . for good reason

Bartercard’s “NO DIVIDEND” mantra will continue . . . for very good reason! BPS is a PIG.

Bartercard has just listed on the ASX (BPS) and the share price immediately dropped. This trend will continue. I advise all investors to sell now quickly, if they can, for the share price will surely only drop further as their various activities continue to come to light. In this post I detail how they secured their funding, following the money and analysing their top 20 shareholders. This is a company that is essentially funded by friends, family and fools. Enjoy. [Read more…]

IRTA’s Bartercard coverup

One previously hidden Bartercard account is now visible!

One previously hidden Bartercard account is now visible!

In this post I not only share the latest moves by IRTA to cover up their deception with the shonky Bartercard deal, I also talk about how I get to the bottom of deception and how I divine truth. I explain how I deal with the various criticisms – personally and strategically. Hopefully it will help people understand the unique circumstances that have come together to create a blogging force able to reveal the corruption and nepotism that exists within the IRTAcard complex. [Read more…]

IRTA’s IRTAcard – Sk-hype & Interviews

irtacardIn this post I share the transcript of a recent confidential Skype call between the principals of Bartercard and IRTA. I then discuss with them the formation of IRTAcard, slated to be the largest alternative currency trading platform on the globe, a major marketing coup that gives incredible and unprecedented industry-wide support to Bartercard. My analysis is that the brand is a very clever idea, merging the power of the world’s self-proclaimed ‘leader’ in barter with an industry association that could easily take the market by storm.

[Read more…]