|New World Oil
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
New World Oil Share Discussion Threads
Showing 37901 to 37925 of 37925 messages
|Why incorporate in Jersey? Why did they not transfer jurisdiction when Board changed?|
They managed an AIM listed company!|
|It's doesn't. New should be the subject of. PhD thesis. Now why did the directors get cash bonuses?|
How do you think that will benefit NEW?|
|Here's an interesting interview about what's next for the oil price - this analyst is basically predicting a $40 to $50 price for the foreseeable future
|Zero value probably.|
|Again, as previously announced, the Company's shares are due to be cancelled from trading on AIM with effect from 10 November 2016, being the date six months from suspension of trading, in accordance with the AIM Rules.
The Company has been actively investigating the issue referred to above, however, no conclusion has yet been reached. Furthermore, it would not be appropriate to go into further detail, at this stage, as this may negatively impact any resolution which would not be in the interests of shareholders. The Company has also sought to appoint a Nominated Adviser as required by the AIM Rules and to see if there was any possibility of retaining the Company's listing, however, this has not proved to be possible. The Company's shares are therefore expected to be cancelled from trading on AIM with effect from 10 November 2016.
Notwithstanding the fact that the Company will no longer be listed, going forward, the Board will be focused on both creating value within the Company and returning this value to shareholders. The Company still holds assets in the form of cash and an investment comprising a loan to Big Sofa Limited. Various options are being considered with regard to this loan and the transaction costs incurred to date which could ultimately be beneficial to the Company. Furthermore, as an unlisted company there is greater scope to reduce costs in order to conserve value.
The Board plans, in due course, to provide more details of the possible strategic direction of the Company and to seek the approval of shareholders for such a plan.|
|R Ball, - $2mill 'and the rest' I would imagine, plus all the other cronies clambering hand over fist for any spare dollars they could get their hands on one way or another.. paid ludicrous amounts of money to rip off investors right from the get-go. Good riddance New and any crooks that were still involved in it at the end..|
Sadly many if not most AIM listed companies are no more than lifestyle vehicles for directors and management.
This one was pretty obvious from the start, at the first presentation we said it was rubbish, and would bever find any oil,and so it transpired.
Many people made money here of course,and many others lost their shirts.
When they announced the Kuwait 'deal' it just didn't sit right, my gut feeling was it was not real, and it wasn't!|
|The end. An object lesson to us all. There should be book about this company and how it has managed to legally spend so much money. Even suppliers took shares as payment (which they sold on the market). How much cash has Bill the old CEO stripped out. My guesstimate is over £2m.|
|And if that wasn't enough....
All the red flags there!|
|Yup. I've never held any shares but it's been a fascinating journey and has had it all. The warnings signs were there from the very beginning. Can someone please remind me why an American and Canadians with a drilling prospect in Belize chose to register their company in Jersey and list on a U.K. exchange?|
|Already trading has ceased.|
|AndyThanking loyal shareholders is nonsense anyway. What happens if aShareholder is another company?Shares and emotions don't mix. Dispassionate is best.|
|Hmm. Can you claim a CGT loss on AIM?|
|I wrote this off a while ago, will use the loss to help with CGT on a couple of profit making shares. I don't suppose there is any chance of coming out with something is there??|
Yes they are the main points, what transpired later is inconsequential, the damage was done before that.
How many people here remember the presentation at the geographical Society, Piccadilly?
When Bill tried to put on a straight face and thanked the "loyal shareholders" at the end?
|Have to say Daniel Levi seems to know a lot about drug dealing. Is he a former Policeman ?|
|I thought the main reason for the delisting was that they failed to find any oil. Their are significant other reasons being - directors taking significant cash salaries, buying all the drilling rights through the recommendation of one (connected?) party, main director not disclosing alleged financial irregularity, getting involved with a Middle East company, lending money to directors and a middle eastern individual, not having personal guarantees on loans to Big Sofa.|
|De listing is the best news for this.|
|The responsibility for the loss of the AIM LISTING rest firmly and squarely on the shoulders of Turney the drug dealer and Bullivant the crackpot. Confirmed to me by the Company.
Great read guys...
daniel levi bmd
|Not the greatest end to the listed saga.|
|Nomad no longer acting and shares being delisted in November. This share is dead and buried . RIP.|
|Mention of fraud begs the question of jurisdiction. jersey? England? Canada? Abu Dhabi? I wondered why the registered office was in jersey.|