Member Info for Shardster

I just can't believe Ben Turney and the Action Group will let this pass without some serious intervention

Beaumont leaving....which we all knew anyway

I agree....I'm doing the same

from my broker; but it doesn't mention anything about delisting.....its do to with the reconvened AGM and the companies recommendation to me to vote against the appointment of Gary Bullivant as Director.

'As such, things are perhaps not as gloomy as might appear. We shall have to wait and see what happens about the AIM listing and whether or not it can be preserved. But it seems to me that at worst, shareholders could find themselves holding shares in a private company which has access to deal flow courtesy of its current management. In the longer term, one might hope to see a decent return, although it will take time. But a pie-in-the-sky scenario could see a new business injected and a reappearance on the Casino in the end. But for that to work, the management must be allowed the time and space to give it their best shot. Make no mistake, this is no rose-tinted assessment but I sense that there is a strong motivation within the company to turn things around: there are reputations at stake and those at the helm will not want to be seen to go down with the ship. The potential stain on the official record, I rather think, is concentrating minds. But with the now twice-postponed AGM giving shareholders the opportunity to put an additional man on the board, one might consider what happens if there is disagreement. With only two directors, they have little choice but to try to get the company out of its current mess – it would be reputational suicide to up sticks and walk now. But if you had a strong reputation for creating shareholder value and an opportunity to offload this particular baby onto someone else presented itself before disaster really struck, what would you do? That is the question on my mind as I consider the new AGM resolution. Frankly, right now I think that the company needs that distraction like a hole in the head'

is it me or is that poorly written 'Delisting and cancellation of trading will significantly reduce the liquidity and marketability of the New World Oil & Gas Plc Shares' errrrr delisting and cancellation of shares will mean no liquidity or marketability?????

Think of all the hours barlo wasted whinging about big sofa only for us to be back at square one again

Well at least TW will be happy that Beaumont will no longer act for New World and the proposal for the new director has been scrapped.......hope this can still recover as they are keeping their current assets

http://www.*************.com/views/24574/write-to-marcus-stuttard-at-aim-regulation-now-to-demand-roland-fatty-cornish-is-struck-off

Just to clarify these are conferences organised by t.w through his website

Reynolds and t.w are good acquaintances as they have spoken together at more than one share conference. I would say that t.w is well connected in this case

what puzzles me is if Winnie is right then Reynolds et al would have known about this at least at the time of the AGM.....so for anyone who attended have your impressions of how the meeting went been altered now?

'So, I understand that, Big Sofa will reverse into another Adam Reynolds shell this RTO and a well advanced funding has been pulled. The reason is that New faces a $4.8 million liability to do with a payment received from shady Niel Petroleum back in 2014 as a result of Niel NOT doing a transaction. There was no apparent rhyme of reason for this deal - it now seems to be clear cut money laundering. Whatever. New World director Peter Sztyk was implicated at a later date in a Kazakh bank fraud where c $4 billion went AWOL. There has been an arrest warrant out for his Mrs , a director of the bank for a good while as we revealed in May 2015 HERE. When taking charge of New World, earlier this year, Adam Reynolds was presented with suggestions that the Niel cash was in fact recycled stolen funds from the bank. Reynolds confronted the remaining old era directors including a respected lawyer and Sztyk's dad and also the Nomad Roland "fatty" Cornish in a board meeting that was minuted. They all explicitly stated that this was NOT the case. They did not say " we do not know" or "we cant be sure" they stated that it was not true. In recent weeks evidence has come to light linking Peter Szytk and others to both the bank and to Niel and, last week, lawyers seeking to track down the $4 billion confirmed to New World that it was "on the radar". As such it became impossible to do a fund raise or RTO with a contingent liability of $4.8 million now appearing. It may be possible to pay out a lot less to settle and to do something with New. But with cash and equivalents of c$2.5 million now shareholders should not bet on a return. The shares remain suspended as this is sorted out. Meanwhile the directors of New are clearly not fit for purpose bit the real questions are for Roland Fatty Cornish who signed off on the Niel transactions and also on the Fake Sheikh deal which saw $1.75 million ( of Niel cash recycled and now clean) and then disappear and also on an IPO prospectus which filed to mention the debts, court judgements and flight risk status of the then CEO Bill Kelleher. And to top it all Fatty told Reynolds there was no issue with the Niel cash. On another dark day for the "World's most successful growth market" AIM Regulation needs to draw a line and withdraw the Nomad license of Roland Fatty Cornish at once. If he is "fit and proper" I am a banana'

lets see what winnifrith has to say about this, this afternoon, he may know something that we don't

I reckon we may get some money back but this is looking like one of those -80% on open scenarios

this doesn't look good at all......anyone have any more info?

who cares what their job titles are.....I've been a director in a small company of 4 before but was earning a small basic salary and a decent commission rate (in line with the companies progress).....if they are all getting paid silly money then I would have an issue if they are being paid in line with how well the company progresses I don't have an issue at all!

thanks for the update Q

hope this doesn't turn out to be another WRN where accounts there haven't been filed for absolutely ages

and the booby prize you get to meet Barlo for a 'meet & greet'