UK 23:22 Monday, 21 September 2026
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I’ve been passed a copy of Cornhill Capital’s standard placement agreement template. Normally this wouldn’t be remotely interesting, but in light of the broker’s role in the New World Oil & Gas (NEW) fiasco it makes for fascinating reading. In particular, the document I now have appears to blow out of the water any notion that Cornhill could have “accidentally” enabled the forward selling of New World’s conditional placement. This now leaves one question. Has Cornhill Capital totally lost control?
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Comments
DUCK AND DIVE
I suspect that the longer the suspension goes on, the worse it will be for Cornhill. This débacle can’t be explained away by incompetence. The fraud squad should be on the case.
Meanwhile, the syntax police have issued a warning about “the process Cornhill would have had to have followed”.