Woburn Energy (WBN) is an AIM Cesspit listed oil company which today announced that it had finally sold its last assets. It is left with net cash of $2.87 million (£1.87 million). It is now classed as an investment company but if it does not make an investment by 21st June 2013 its shares will be suspended. If it makes no investment by 21st December 2013 its shares will be booted off AIM. The company says it has “to date reviewed a number of potential investment opportunities but has not yet implemented its investing policy and will do so only by investing in those opportunities that have an acceptable risk profile.” Oh dear…suspension looms. -
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