Disclosure: I own shares in one or more of the stocks mentioned. 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.
Tomorrow’s AIM-related headlines will be dominated by news of New World Oil & Gas’ (NEW) resounding shareholder rejection of its highly controversial placement. While this is cause for much celebration, this story is far from over. New World’s board appears determined to push ahead with the proposed open offer, to save the reckless forward sellers, despite such categorical resistance from the company’s rightful owners. The situation is now more explosive than ever, as illustrated by the figures from the vote.
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Comments
wildrides
Aaaah ! ………………. I do love the smell of burning naked shorter in the morning . This is fantastic and will drill home to everybody just how dangerous shorting is for the non – professional . Get it right and you can make an awful lot of money , but get it wrong and its total wipeout and sleeping under cardboard in the open air . Its time some of these wreckless bastards got wiped out . The market needs a reminder . Thinking of taking up short selling ? dont even bother unless you can do it in a total pro way like evil and the dark destroyer . Whats even more worrying is Toms new venture to run a shorting show . We will have a whole new set of nare do wells shorting everything that moves down a bit apart from the continental drift subduction plate . Family’s of Britain ……welcome to a whole new way Dad can squander away your family life savings , ruin your marriages and wipe you out …… just by fiddling in a back room on a computer …….. you wont even know until its all gone …all your wealth …..GONE.
TW note: With New suspended no-one getting burned today. New show - Gold, Bears & Traders. A bear is not necessarily short but what the bears will talk about is red flag spotting, analysing fraud and overpromote and reasons to be cautious on shares. Those folk who think all is 100% well in the world and should just buy buy buy can happily not attend but they will not neceassirily prosper just being long & strong of everything forever
Juan
The fact this story is playing out on worthless gambling chip POS company is lost on many here.
If you insist on gambling on the fluctuations of worthless stocks, you quite frankly deserve everything that comes to you- Long OR Short