RE: Chrisoil on Twitter30 Mar 2019 15:24
Billy
I would like to know the full New World Oil Story.
Wasn't it....
There was going to be a massive share issue and dilution
Someone was forward selling the shares before issue
Him & his B&B owner mum between them bought loads and loads.
In fact they bought so many, they were able to block the share issue.
The someone who was forward selling was in the short squeeze - and was deeply in the brown stuff.
Then the city closed ranks, made out that him and his mum should have made a bid for the whole company.
By thrteatening him with that, the city were able to get the shares to get their buddy out of the brown stuff.
Or is that too simple
Or is spike right, and I'm sure he is, the character in question is just as bad?