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New World Oil & Gas Result of EGM and corporate update RNS Number : 1487S New World Oil & Gas 28 September 2017 PLEASE NOTE - this will be the final RNS Reach under the name New World Oil and Gas plc. All future communication via RNS Reach will be under the Company's new name, Eridge Capital Limited, which will become effective upon the Registrar of Companies in Jersey issuing an altered certificate of incorporation to reflect the approved name change. New World is pleased to announce that the Company held its Extraordinary General Meeting ("EGM") today and that all resolutions were passed. The Company confirms it has now fulfilled its obligations under the settlement agreement with the Jersey Financial Services Commission, who will now consent to New World ceasing to be an unregulated fund. New World also confirms the Company has approved a change of name to Eridge Capital Limited and will commence its migration to the British Virgin Islands ("BVI"). As part of this transition New World has approved a new Memorandum and Articles of Association, which are available on the Company's website and will become effective when filed with the Registry of Corporate Affairs in the British Virgin Islands. With effect from Monday 2 October 2017, New World's International Securities Identification Number ("ISIN") will be disabled and the Company's securities will be withdrawn from CREST. The Company will issue share certificates to those shareholders who currently hold their shares in CREST. Moving forward, the Company will now issue RNS Reach announcements as Eridge Capital Limited. The Company expects to provide an update towards the end of October, as it progresses the migration to the BVI. Nicholas Lee, Chairman of New World, commented: "We are very pleased that shareholders have overwhelmingly supported the next steps New World needs to take in order to restore shareholder value. I would like to thank all those who voted and we will provide an update as to our progress at the end of next month."

Sam Paice, Client Director of BST presents at the Mobile Research Conference, Texas 2016. https://www.youtube.com/watch?v=u1NVV_RqQqo

The FastTrack into the US market shows just how fast things are moving. The flow of business that could open up now is potentially staggering. Its not like BST have to create anything. They already have the technology and have been using for a number of years. The key now is for it to be used a whole lot more! The Global Research agencies want the best, most efficient and most effective way of editing the huge amounts of data "they" collect. BST offers this in a nutshell. Bigsofa doesn't have to spend hours in the field collecting any of the research data. Their Clients, the likes of Ipsos, Unilever, P&G etc do all that. They then send the raw research video data to BST for editing. http://www.bigsofa.co.uk/platform.html The potential for a snowball in global contracts is very real imo. Global companies and Research agencies do not want paper and tick boxes anymore. They want Video to analyse consumers habits. Its already a massive endorsement for a small LSE AIM company to have such a high net worth Global Client Base. I believe this business will expand very fast over the next 1 to 3 years. In my opinion, a current MC of £13m is a bargain right now.

Unilever Market Cap £100bn / $123bn:us https://www.unilever.co.uk/about/who-we-are/our-strategy/ P&G Market Cap 223bn http://us.pg.com/who-we-are Ipsos Market Cap 1.35bn euro http://www.ipsos-na.com/research That's without names like British Airways, SC Johnson, The UK Government and Flamingo.

http://www.bigsofa.co.uk/clients.html I see a lot of shareprice predictions but I don't see a whole lot of information to justify the predictions. I'm not saying anyone is wrong. In fact I agree with most. Has anyone considered just how large BSTs Potential Global Market is? The Global Business that passes through just 3 of BSTs Clients - Unilever, P&G and Ipsos is massive. Ipsos alone has a Market Cap of 1.35b euro https://www.bloomberg.com/quote/IPS:FP

https://vimeo.com/bigsofa

I think for starters, a fair reflection would be half that, say a MC of £22m and a shareprice of around 40p. I'd assume BST have quite a bit to inform the market about having only just listed. I will be buying a few more shares between the 22 - 25p range.

Happy for flippers to exit at a good price. I wonder why !!. 2017 is going to be a great year for this company..

Rich my shares are still held in my ISA and I'm with iii. They said the shares will be held there indefinitely unless I request them to be moved or certificated. Until I'm told otherwise they will stop in my ISA.

Your fighting a losing battle lol.. All will become clear soon enough. I'm still hopeful things can be turned around here. The bigsofa loan can potentially reap some decent rewards. They haven't been recruiting for nothing. They have big plans imo and we will know what they are given time. Its not the best of situations but all is not lost imo.

I cannot argue with any of them comments. And I know what you mean regarding NEW!. It never seems a straight relaxed comfortable scenic drive!!. There's always some drama before reaching the destination !!. GL

I will ask the question but whether i'll get an answer is another matter!. I believe it'll all come out in the re admin doc. The way I see it, yes BigSofa is using "our" money but that was agreed upon in June at the EGM. Also from my research BigSofa seem to have a clear plan which is being executed and the BOD seem to have integrity and vision for shareholders. This gives me confidence especially coupled with Adam Reynolds involvement and his track record. I'd rather be giving the money to these people to maximise shareholder value than the 3 old directors. How much shareholder value did they create for us? Minus Zero!!!

I'm reasonably confident they will publish re-admission RTO doc concurrently with the AGM. The AGM has to happen first as far as I'm aware. Ditched the legacy assets then present the new ones. I can understand frustrations but its nearly here now. Not much longer to wait. For NEW time has stood still but it seems to me BigSofa has been working tirelessly in the background. I do believe we will be pleasantly surprised. Although you cannot please everyone. I'm convinced the deal here will be far better than the O&G route or the going back to a cash shell. A little more patience and we shall find out...

Cheers yoshie.. They seem to be hiring some big players. There obviously hiring the best for good reason..Looks very exciting to me. We might get a bit more insight next weds but as far as I know, this is just to tie up the legacy matters which will enable the company to move forward. This are certainly drawing to a close now. Not long to go :-)

https://static1.squarespace.com/static/52ba7c55e4b0bb77308db4b9/t/53bad91ee4b013a11d688910/1404754206141/Steve+Aukers+Bio+-+July+2014.pdf

You will in the end find a negative. Just don't pass the positives on your search for doom!! GL.

Progress with the reverse takeover of Big Sofa The Company is continuing to make good progress with the possible reverse takeover of Big Sofa and the Board remains of the view that this acquisition is an attractive proposition for New World shareholders. Big Sofa is continuing to win new mandates from a number of leading companies and is expanding internationally, particularly in the United States where a number of its important clients are based. Big Sofa is now becoming increasingly well-established within the fast growing global video insight and analytics sector. The company has also recently made a number of key appointments and is therefore now well-resourced to capitalise on its recent contract wins and convert a number of new business opportunities. Further details on the company's progress and operations can be found on the Big Sofa website at www.bigsofa.co.uk.

before it was deleted. Its no secret because previous RNSs have stated such.. Research-live.com ‏@researchlive · Oct 3 Big Sofa expands to US https://www.research-live.com/article/news/big-sofa-expands-to-us/id/5012992 … #mrx #marketresearch

Barl I don't claim to know everything but I think your confusing yourself lol. What EGM are you talking about? The GM will be an AGM on the 12th Oct, next weds to complete the legacy of the company. Once all resolutions passed we will get the re admission doc for the BigSofa RTO. I assume the same day or on the Thursday. Then its 21 days (I think) after that to vote it in, after which the resumption of trading can commence. Everything is on track as far as I know. I will be attending the AGM though it shouldn't be too eventful. The meaty one will be in early November.

Haha Dm78 and that's while we're suspended, imagine what it'll be like when we actually start trading again!!!