By HotStockRockets | Sunday 13 September 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.
New World Oil & Gas (NEW) has yet to comment but the New World Oil & Gas action Group (NWOG) announced that it had proposed that company rescuer Adam Reynolds and 2 pals join the board at the AGM later this month while 2 existing directors step down.
NWOG speaks for 11% of the shares. We understand others speaking for almost as much are on board. Management and total lunatics (the market abuser Chris Oil) speak for 4%. This is game over. Reynolds will take control, junk the worthless oil assets and the next shell for the shellmeister will be born.
Any independent shareholder in New World need just look at its share price chart and that of Optibiotix or Premaitha and see which team it wants to back. This is a slam dunk and the current board should step aside with grace. Go on chaps it is time to grab a glass of whisky and a revolver and do the decent thing.
We predicted that events would turn out this way and so are vindicated.
Not surprisingly the shares are now 0.07-0.08p (up from a 0.06p offer tip a couple of weeks ago). As the new reality sinks in the shares should head higher and soonish to 0.1p to sell. Welcome aboard Adam. Our stance is HOLD.
This material first appeared on Hot Stock Rockets - sorry its paying customers first. Hot Stock Rockets will be serving up its next red hot share tip VERY SOON. To access the UK’s fastest growing share tipping website for less than £5 a month ( or for £5 for one month) click HERE
Never miss a story.
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |