By Tom Winnifrith | Friday 19 April 2013
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.
Shares in AIM listed New World Oil & Gas (NEW) were trading at 9.625p a year ago. Today they are at 1.85p. Shareholders have every reason to be unhappy with the board. But it gets worse. Much worse.