Congratulations to the self confessed Drug Dealer Ben(t) Turney, Gary Bullivant and the idiots who supported them. They are directly responsible for the loss of the New World Oil & Gas (LON: NEW) AIM listing. Which was announced today read HERE. For months they’ve been making wild unfounded allegations of fraud, money laundering and criminality behind the scenes to AIM regulation, The FCA, the Nomad, USA authorities, The Press and to NEW shareholders. The Big Sofa deal collapsed under the weight of these wholly unfounded malicious allegations. Their plan was to try to gain a seat on the Board of NEW and self enrich themselves with share holder cash.
It has cost the Company its AIM listing and over $100,000 in solicitors, investigation and administration fees alone to discover that the conspiracy theories alleged by ‘The Toxic Two’ were without any foundation whatsoever. My sympathies go out to all genuine shareholders but in particular to Adam Reynolds, who like Clem Chambers and Mike Hodges have had to deal with and clean up the mess caused by their malicious lies and deceits which Turney/Bullivant and their minions have fed to regulatory authorities non stop for over 12 months.
The corrosive effect of this has taken it’s toll! Ergo no Nomad will touch the Company. Roland Cornish would have stayed on as Nomad sadly the amount of wild allegations and abuse Mr Cornish suffered meant that he was no longer prepared to stay as Nomad. Just as their bombardment of deliberate lies and deceits helped to kill Teathers and Sefton Resources. Their modus operandi is always the same, target struggling minnow companies and use other peoples holdings to try to get themselves on the gravy train. Turney is pot less and couldn’t afford a toffee apple so he deceives desperate shareholders with wittering’s of share holder activism which always end up one way. Total failure and monetary loss for those stupid enough to give him their proxy.
Turney fled the UK in 2010 from creditors and washed up in Sweden. You can read all about his drug dealing HERE. Bullivant is a Walter Mitty type character who was a British army officer involved with the Intelligence corp. Which explains why the man is completely wrapped up in a world of deluded conspiracy theories.
Adam Reynolds is one of the few corporate good guys who work non-stop to bring value for shareholders. His deal flow is amazing. Today he must be ruing the day he ever got involved with ‘The Toxic Two’.