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.
What a total omnishambles New World Oil & Gas (NEW) has become. Why were the shares not suspended last week as I advocated to howls of abuse from followers of flip flop Pitchfork Ben Turney who now - belatedly - seems to agree. In this podcast I pose some serious questions for the company and its advisers and have a few suggestions on what needs to happen. And a warning for some of flip flop Pitchfork's followers who have piled in.
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Comments
Mark
Spot on Tom great Bearcast !I just hope small investors don,t get sucked into this….
J P Spaghetti
Agree fully, but at the risk of being pedantic I’m sure you meant 3.5 billion shares at 5:35 / 5:36 (sorry if I am)!
Catempire
Not much more to be said now, lse said play it out and I’m pretty sure that decision will be final they ain’t gunna make themselves liable to a Hurd of bulls for the sake of a bucket shop broker and a few shorters.
Any one taking a short on a fixed term contact with no research caused their own financial suicide and this will play for days yet all caused by those that are begging for mercy… Oh the irony!