By Ben Turney | Wednesday 22 July 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.
This morning’s RNS from New World Oil & Gas (NEW) proved once again what a fork-tongued liar Chris Oil is. At some point we will probably get bored of running pieces about our favourite market abuser, but the latest cack-handed deception is worth a quick mention.
On Sunday, Tom demolished Mr Oil’s latest drivel about New World. Good old Chris had faithfully tried to assure us what a stellar buy New World is and that he could see it “at least tripling with existing managemant delivering on there full year results promises in the short term”.
Before the spelling and grammar police highlight Chris’ misspelling of “management” and incorrect use of the word “there”, perhaps we should first consider why, if Oily Chris really believed what he wrote, didn’t he buy stock in New World’s open offer?
As I exclusively revealed a short while ago, Chris’ Mum’s broker, Alliance Trust Savings, has ended up accidentally purchasing a 13.25% stake in New World. It failed to submit a lapsing instruction on Chris’ Mum’s behalf for her CREST entitlement to participate in the open offer, by right of her holding so much unsettled stock. Remember her son is the genius “multi-millionaire City trader” who “accidentally” bought nearly half of the company using her pension!
Oh, how the good people at Alliance Trust must rejoice at having the Williams as their clients.
Although this latest slip-up isn’t Chris Oil’s fault, it does confirm that he didn’t buy any more stock in a company, which he claims is going to triple within months. If he really thought that he would have bought more. He did not. Next announcement? He is selling?
Perhaps this is one for Zak Mir to take up on Tips TV?
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