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’ve been following the New World Oil (NEW) story with interest, and also a fair amount of surprise. The surprise element has largely come from reading the various chat forums, and even Twitter, and seeing the general lack of understanding of the situation the company and those taking part in the potential placing have found themselves in.
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