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New World Oil & Gas, additional issues & thoughts - bearcast extra

By Tom Winnifrith, The Sheriff of AIM | Sunday 3 May 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.


I stand by my thought on New World from yesterday's bearcast HERE. But having slept on the matter new issues arise. Could the turnout at the EGM exceed 100%? Yes. Should the shares be suspended? Who is Mrs Williams? Should trades be unwound? Arguably yes. Should Roland "fatty" Cornish lose his Nomad license? No question - yes.

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Comments

4 comments

  1. I bloody hope AIM don’t stick their claws into this… lets play it out :) more good will come from it then bad & it might give other companies and Nomads a kick up the arse!

  2. The amount of times Private investors have been shafted by discounted placings and people making a quick 60%, the BOD getting a pay rise and the place-es instantly selling into the rise and shafting holders…

    FSA shouldn’t get involved let the Nomad sweat for a bit, let the little man make some dough… they surely can’t pick and chose when they allow corruption and when they don’t that would be complete BS of the highest form… and something us as long suffering shareholders (Having bought in at 0.067) need to put a stand against!

    Let the Fatcats pick up the bill and let the Catempire have the stack.. gunna be an interesting week.

  3. Tom I think you are wrong on that Chrisoil has to make a bid for the company… the way i see it is until the 20th May the shares don’t exist so in essence he has bought nothing of something and the person selling that nothing needs to buy it back to close their nothing of something.. (Head F**k). if the shares stop getting fed in to the market then we will need to churn through the 700m volume a few times to get all shorts of nothing closed….

    I can’t see how he owns anymore then the shorter at his mercy as the shares technically as far as the company is concerned don’t exist.

  4. Just trying to get my head around whats gone on.

    Isn’t Chris Oil part of the ShareProphets editorial team??

    TW note. No he is not


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