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.
Two looming scandals on the AIM casino -next week will be New World Oil & Gas (NEW) where it could be an explosive headache for ninth rate Nomad Roland "fatty" Cornish and then Aquatic Foods which the Chronic Investor reckons is a Red Flag free China play. Au contraire.
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Comments
drunken sailor
The Holdings RNS on 30 April (Day after Placing announced) for Metal Tiger buying 6.7% is 6.7% of the pre placing number of shares. I guess that means they really do own 6.7%.
The Holdings RNS for Mrs Judith Mary Williams on Fri 1 May says she (he!?) had over 11% of the company (80,491,957) under the pre placing number of shares prior to the triggering transaction. The trouble is I can’t find the holdings RNS where this 11% was acquired. She is not listed as a shareholder as of 4 Aug 14:
http://www.nwoilgas.com/investor-relations/shareholder-analysis/
Curiouser and curiouser!
Have metal tiger played a blinder? Their investing policy does not include investing in oil and gas companies so should not have invested. Why would they invest in such a complete dog?