UK 16:37 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Having seen how warmly received my last article about this wonderful AIM investment company was, I have been itching to do another one, but wanted to wait to see the outcome of the “Smart Win” summary judgement hearing which took place in New York on Thursday. The side that TXO (TXO) is on – Empire Energy is the defendant, but has a counter claim for $3 billion. Tacky US legal tactic: you sue me for $Ms, I countersue for $Bns, you back down and drop the whole thing, or we spend ages and loads of money on lawyers creating a complete pantomime, which just makes the highly principled and well intentioned US legal system look like the Keystone Kops.
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Comments
drunken sailor
Newt your article seems to have been even more warmly received than last time.
You are spot on about piercing the veil of incorporation, strange Empire’s Lawyer never mentioned that
drunken sailor
Spot on again Newt. It was Bergen that dumped the 10M at 50% profit to what they actually paid, at close on Fri as confirmed by todays RNS. They are now below notifiable so there will be no knowing when they dump the rest. They have agreed not to convert any more for the rest of the year so there will be another conversion and dumpex in the New Year.
Happy New Year TXO mug Punters keep up the ramping but do not tire your selves out before Christmas Bergen have a lot more work for you to do next year.
Redrichond
.great article newt…can you wet our appetite more and do a follow up to anwser your statement .”……which I will tell in future articles, along with how TXO ended up with a 25% interest in 50% of the award from this $3Bn countersuit. But for now Investors need to understand the recent history…..”
Robert kirschner
Now it’s. Christmas. And where the new on eegc