Been watching them for years now. Unscrupulous spivs. A broker...

Been watching them for years now.
Unscrupulous spivs.
A broker of last resort.
Mixed up with RGI, ROO and ME1 (formerly CPH). All now cooked.
Market manipulation, stripping assets, funnelling funds to related parties.
Never seen anything good become of a company they've been associated with.

Here's some references.

How EverBlu Capital is reaping windfalls from the micro-cap frenzy
April 23, 2018
https://www.copyright link/companie...alls-from-the-microcap-frenzy-20180309-h0x9xa
Archived: https://archive.is/oTqSU


Inside the raid that undid ASX Wolf
October 20, 2022
https://www.copyright link/companie...e-stock-edge-we-just-win-more-20221020-p5brfg
Archived: https://archive.is/wmmuK


ASIC commences civil proceedings against Adam Blumenthal and EverBlu Capital undertakes to cancel its licence
December 15, 2023
https://asic.gov.au/about-asic/news...blu-capital-undertakes-to-cancel-its-licence/

Court Enforceable Undertaking
https://download.asic.gov.au/media/guddafzj/031914829-eu-everblu-and-blumenthal.pdf

Concise Statement
https://download.asic.gov.au/media/etujlq4w/23-339mr-asic-v-blumenthal-concise-statement.pdf

Originating Process
https://download.asic.gov.au/media/n12ghqbs/23-339mr-asic-v-blumenthal-originating-process.pdf


Adam Blumenthal ordered to pay $850,000 and disqualified for five years for  market rigging and directors’ duties breaches
April 17, 2024
https://asic.gov.au/about-asic/news...-market-rigging-and-directors-duties-breaches

Judgement: https://download.asic.gov.au/media/v5hbfubn/24-076mr-asic-v-blumenthal-2024-fca-384.pdf

"In handing down the penalty and disqualification, Justice Stewart said:

‘The contraventions are interrelated. They each had their source in Mr Blumenthal’s large shareholding in Creso, his position as the chairman of a financial services licensee with a capacity to employ trading strategies, and his intention of presenting a false or misleading picture to the market for Creso shares. The contraventions concerned fundamental obligations by a senior officeholder in each corporation and, in the case of EverBlu, a senior officeholder who oversaw and participated in the stockbroking services that it provided.’

Justice Stewart observed that the market rigging contraventions in this matter go ‘hand in hand’ with the director’s duties contraventions and ‘also go to the heart of the financial system and the necessity for public confidence in it.’ His Honour added that the market rigging contraventions ‘were serious, deliberate, repeated and occurred over a period of around eight months’ and that these matters justified the need for a significant penalty."