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.
Telling investors something that is untrue in an approved announcement (an RNS) as you endeavour to issue shares to raise extra cash is not good. Not only is it a lie but it is an attempt at fraud since you are raising money on the basis of a lie. I hereby accuse Brian McDonnell of US Oil & Gas (USOP) of being a liar and a fraud. He should go to prison. And if it does not resign first thing on Monday its advisers Alexander David Securities is a willing party to that fraud. It should quit at once. Brian can sue me for libel if he wishes but this is a slam dunk. The little crook is exposed.
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Comments
Duck and Dive
NO OIL SHOW? Not even 2%? What is going on?
wildrides
Well done Tom .
Great work finally nailing this guy .
Ladies and Gentlemen I give you Tom Winnifrith , making investing a safer place for all of us .
C Lion
I think Tom deserves a knighthood (or at least, a drink) for doing his best to help shareholders, even if one doesn’t always agree with everything that he says.
Keep at it, Tom!
Tom W
C Lion
It will not happen but I would never accept an honour from the State anyway. And worse still I have now been “dry” for 17 days!
T
addick
Powerful stuff.
One question: given your painful, but ultimately semi-staisfactory battle with Sefton, is this really worth it? I admire your stance, but if the guy chooses to go for it, do you really want to be dragged through the shenanigans again?
Tom W
Addick
Semi- satisfactory my arse. Sefton had to drop the case, its chairman was fired in disgrace & I received a material settlement and from my peers great recognition. I would regard that as a more than satisfactory outcome would you not?
If Brian McDonnell wants to chance his arm with shareholders cash on a libel case he knows that he cannot win he can be my guest. The outcome will be the same. His destruction my vindication. Discovery has a clear meaning in oil. Brian lied. Brian is now trying to raise cash on the back of a lie. That is fraud.
See you in Court Bitchez.
T
addick
T,
Reasonable response. BTW, I have no view/position of/ in USOP, I was simply wondering why you’d bother. Isn’t life a bit too short?
Sit back have a good think and then down another ouzo.
Tom W
Addick
Not had a drink for 17 days! Feeling great.
Why bother? Going after bad guys in the PLC woorld is
a) great fun
b) actually doing some good for my fellow man.
So why not?
T
Tom
I like reading your articles which are usually both interesting and insightful. However please proof-read and spell check them (or get someone else to do so). When attacking someone else’s credibility it doesn’t help to be seen to have (in particular) easily caught errors in your own work… Given the time taken to locate a story, research facts and write the article, surely a couple of minutes to proof read is a wise investment. More generally, keep up the good work.
Duck and Dive
Back in the day, when regulators regulated:
http://news.bbc.co.uk/1/hi/business/8364160.stm