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I heard that in order to insure a proper translation, the TA is interviewing as many interpreter candidates as possible. If they do not find a competent one within a reasonable period of time, say two or three weeks, they intend to reach out to Not West Oil Group to find one.
Nice to see someone on this board has a sense of humor.
Many posters keep using as an excuse for a myriad of problems the idea that "Russians don't move as fast as over here" or they don't understand etc etc. How come if the Russians are so dumb, they were first into SPACE with the SPUTNIK.
I looked at it and am suspicious that it is really a legitimate offer. Like AURC and NWOG before it, all these huge buyout premiums seem to be attached to Canadian stocks. I think that stock scams are a cottage industry in Canada.
The first stock scam (although not a buyout) that I encountered was in 1956 (nineteen fifty six) when I was working part time for a CPA firm while attending college. Amongst their clients were two "boiler houses" that were pushing--you guessed it---Canadian stocks. Even though I was aware that it was a Pump and Dump, the story sounded so good, I was tempted to buy some.
That is alarming. I thought Grayling was a pretty exclusive source.
Thank you, I will look at it.
I am looking to strike it RICH. If you know of any other stocks trading at such a discount to a legitimate buyout offer, please be a BUDDY and let me know.
Who was confident enough to take out a home equity loan to buy that last 400 shs.?
Who is the big spender with the 115 shs. I hope he pays low commissions.
Was your order "all or none"? What size if I may ask?
Is that a fact, or wishful thinking?
There may be plenty more available at .25---why would the seller show his hand?
Considering the heavy volume, the market action is disappointing.
It looks like it will fail to take out the resistance around the 200 day moving average and will probably retrace back to the 19 cent area. At that point, I would consider it an excellent buy
So is the buyout at .55
On October 11th the company announced that the FDA rejected it's request to run a clinical study for it's drug candidate to treat Attention Deficit Disorder. The stock plummeted 60% closing at .73 after having opened at .95, H .96 L .56.
for the next six trading days, it traded in a range H .88 L.66 and closed Friday at .68. On three of those days, it received support at .66
Since the company has other drugs in the pipeline, it would appear that such a severe drop was not warranted, however, this company has serious problems that were exacerbated by the FDA action.
Foremost amongst the problems is financial. The company received financing (sale of stock and warrants) in January which will meet their cash needs only thru part of 2008. The FDA rejection and the severe drop in price, coupled with the recent tightness of credit will make it extremely difficult for the company to obtain necessary financing. The pipeline drugs are for the most part related to drug that was rejected and although the company states it's belief that the FDA rejection will NOT impact other uses of the drug, there is no assurance that this is the case, and , in any event, this will serve to delay any of their drugs becoming a significant source of income.
In conclusion, it is impossible with all the unknowns, to place a fair value on this stock and if I were inclined to place a wager on the companies future, I would bet that it will be bankrupt within a few years.
That being said, there is no reason why the stock should not be traded although, there are numerous better candidates around. At this point, it appears that it will trade over the next few weeks in the .66 to .73 range.
Take a look at SWEB chart.
Take a look at UPBS---seems to have bottomed out and a number of good things have happened lately--financing--drug patents acquired etc.
I was just being sarcastic--I believe AURC to be a classic Pump & Dump. I think there is a better chance of aliens coming down in a spaceship and wiping us all out than for a buyout at $0.55 to become effective. Looks very much like the old NDOL (now NWOL) scam except for the stock dividend which is meaningless, but adds a cute twist.
Much ado about nothing. Let's not waste any more time.
I totally agree. I was just using it to demonstrate that supply keeps changing at various prices.
I guess that you would now agree, taking into account that naked shorts increases the supply of shares, that the supply does change from time to time. Nobody ever said that L2 would show you when a stock is shorted--L2 will tell you the available supply at a particular price at a particular time.
What about naked shorts?
If you take a look at level 2, you will notice (if you have your glasses on and if you are not drunk) that there are a different number of shares available for purchase(the supply) at different prices. These number of shares available for purchase at a particular price at a particular time constantly changes as long as the market is open. That's not applesauce.
What a great country. We can buy the stock today at less than 6 cents---someone is offering 55 cents that's a 9 bagger in a very short period of time--and people are talking about holding out for more. I'm thinking of taking out a home equity loan and purchasing 1 million shares at prices up to 10 cents and in no time at all my $60,000 to $100,000 investment is going to be worth at least $550,000. What a great country.
Everyone who has been around the block a few times knows that the SUPPLY is CONSTANTLY changing, the supply being a function of the price.
I just received an e-mail from Maly. He invited me to be one of the US representatives and offered a fee of 100 pre-RS shares per year. I am considering the offer but, worried about the tax implication.
I do not agree. It looks like it will hold $3.00 (38.2% fib would be at $2.80) and close higher than that.
I am sure they have their reasons for withholding the report until next Tuesday (and I suspect that their reasons are not particularly for the benefit of the "outside" stockholder's).
It is more than reasonable to suspect that similar to the previous report, they have been sitting on it since March.
Contrary to your opinion, I do NOT consider my posts to be bashing, but rather just being realistic. Frankly, it pissed me off to read some of the postings expressing such optimism without a shred of evidence. It particularly bugs me when I see people buying stocks and trying to pick bottoms when the trend is clearly down. That does NOT mean that there is anything wrong with trading from the long side when it appears that there will be a temporary bounce as long as you don't marry the stock. What bugs me the most is people buying and holding stocks like AURC (like my friend "sometimes right" but looking at his record, "hardly ever" despite his being obviously a very intelligent guy---but too emotional) presently trading below 6 cents in the expectation of an apparently phony buyout offer of 55 cents. If the offer were legitimate, AURC should be trading in a range of 52 cents to 59 cents (in the expectation of a better offer). If the NWOG buyout offer had been legitimate, the stock would have traded above $2 ($200 for NWOL) rather than topping out in the $1.50 range and then going down. That was the clue right then and there that the market was SCREAMING phony. The market now is SCREAMING phony in connection with the AURC 55 cent buyout, but "sometimes right" is too emotionally involved--he may even go to the stockholder's meeting to vote whether to accept the offer as he hinted at in his AURC post #72124.
I feel that by making some of the newbie investors on the board aware that "if it seems too good to be true, it probably isn't) " I am performing a service.
That being said, I do NOT believe that any opinions expressed on this board have any material effect, if any at all on the PPS.
Now you have done it. Everyone is going to think you are part of my conspiracy together with the MM's and the shorts and the paid bashers to sink the stock.
I am NOT an attorney, however many years ago as a CPA, I acted as Operations Manager and Comptroller of a NYSE Member Firm and was at that time quite familiar with the SEC Regulations. At that time, there were exemptions from delivery requirements provided by SEC Rules---specifically, Rule 16c-3 "sales of securities to be Acquired" which would seem to cover the present NWOL situation and an exemption for Market Makers.
The exemption for Market Makers continued in Regulation SHO, however, I am not sure that the exemption under Rule 16c-3 was carried forward under Regulation SHO or whether Regulation SHO superseded Rule 16c-3.
If there are any attorneys on the board, your comments would be appreciated.
Any NWOL shareholder who has any concern about "buy in's" by a broker should contact their broker's Compliance officer and ask about the application of Rule 16c-3 to this situation and advise the board.
At last someone with a working brain, but, be careful--sometimes right and risi will accuse you of being part of the conspiracy along with me, the shorts, and the MM's.
I quit for the day. Evidently too many posters are uptight today. Perhaps the pps will go up tomorrow and people will lighten up---It appears to have some support at $3 and I would hope it would hold here and bounce up at the close.
A PT boat with mid-ocean refueling is usually used for transferring checks due to it's great speed.
That's because I am all powerful and stick pins in dolls. I would have showed up earlier to tank the stock, but since the name change, I had to throw away the NWOG doll and make a new NWOL doll. The reason I did this was I got tired of waiting for my new NWOL doll from the doll transfer agency.
What? I wasn't bashing--I was just joking. Are you and sometimes right partying together or what?
Anyway, I don't work for Parkin or the MM's and I am NOT paid to be a BASHER. Maly's paying me to be a PUMPER so when I get the price up above $20 he can issue more shares and DUMP them.
Why would you trust Maly. Perhaps it's the Vodka?
FOOLS? If the shoe fits!!!!
That is true, but some people have a sense of humor. Why are you so cranky today--you have already limited your exposure? Didn't you think TBOONEPICKINS posting was a riot.
Transfer agent not comfortable with this method of payment since wire transfers can be recalled even after the money has hit the account. They therefore prefer cleared checks.
I am shocked and appalled that you would suspect that NWOG and Maly would be involved in anything bogus and I think you should publicly apologize for that suggestion.