From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Is New World Oil & Gas’ board legally allowed to issue shares or conduct a vote?

By Ben Turney | Friday 8 May 2015


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


There are an increasing number of indications that New World Oil & Gas’ (NEW) board of directors has lost control of the company’s share capital structure. If this is the case then the implications for the growing fiasco, concerning the reckless forward selling of the company’s unconfirmed placement, are immense. With material uncertainty over who owns the company, how can New World’s directors possibly hope to conduct a legal issue of shares in the company, or even run a fair and legal vote, until after it has cleansed the shareholder register?


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

Time left: 18:39:05