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NITE adjusted the bid a couple of times to get close to the ask...good sign. :)
Level 2 looks funny - I wonder where those spreads are comming from. Are MMs finally confused too? Nobody on the ask...bid is low but looks solid at least. But I dont see any chance to see some buying pressure (which would be funny today).
0.9700 2500
0.9000 2500
0.7500 2500
0.2500 5000
1.2500 500
4.0000 500
5.0000 1000
8.0000 500
is like 0.04 pre split - whats so special about it?
get thinks straight again...i dont know y people keep to complain bout prices above 1$
dont you guys understand that you now get a bigger stake of the company with each share?
Go and play with sub-pennies if you need to own 1mil shares of o company to feel good.
sry for the insult but it starts to bug me! do some math instead of bugging us!
Seriously?
Well...at least we can't go down in this case. ;)
somebody please buy one share at 10$ - this would be weird ;)
i would but can't somehow...
Any good reasons why they should? Short pos sure simply will be transfered just like long pos.
OT - Man i really like your signature after all! It used to bore me before but now it gets straight to the point!
The storm is over...
So who are you now? Maly? E.T.?
Lets also consider the R/S will be confirmed - which is likely to happen.
Imagine Maly on the cover of the guinness book - or the time magazine! Reminds me of that scene in Big Lebowsky...brilliant! ;)
Shorting is not a crime - please don't make it sound like it is.
OT - reminds me of the fake moon landing back in 1969. There might be a relation...the axis of evil unveils again...this time in russia. The question is, whats fake here? Maly or the Tree? Or maybe both?
OT - I really loved that one!
Brilliant - still it hurts a little...but those are the best in any case.
No worries - i'm pretty sure it's an error on my side. Looks like it's todays+yesterdays volume.
thanks
my client shows 9.136m shares traded today - but it might be broken (wouldn't be the first time)
9m shares in 15min...whats going on here?
down to where we closed yesterday - we started with +20%
my trading client shows 8m shares traded already...could this be?!
I know - it's all so weird...on one hand it looks like we get fooled...on the other it looks like the market fools itself and forgets about what we already know.
Here you go:
http://biz.yahoo.com/iw/070525/0257829.html
Showing:
Assets: 55,237,814$
Net In: 5,563,279$
About 10% - which is ok.
After all the situation is pretty simple.
Possibility 1
NWOG is a complete scam. Theres nothing, no oil, no assets and it's just one big fake company.
Pros:
We don't see any major progress on deals, don't have clear audits and everything feels very intransparent. NWOG issues new shares, maybe reverses shares on the other hand and nobody really can tell if this company really exists and opperates.
We've also seen reduced IR activity from their side during the last weeks/months. The news flow is drying.
Question to ask to clarify: How do we find out whether NWOG is a real company or just nothing?
Possible Answers: Only audited financial would help us here. We've already seen some, which looked quite good, but I guess we need more, also more frequent, figures to do some calculations and understand the companies fundamentals.
Maybe also some proper IR activities could rebuild trust.
Cons:
Management gives at least me the impression that they are progressing in a way which might not be fast and clear but at least too long winded to be a simple fake. Sometimes their actions just look too random to think they're fooling us on purpos. If somebody start a fake business they usually are well prepared and know how to fool people - i honestly think Maly is not smart enought to play the fake biz game.
Possibility 2
NWOG works as latest audits make us believe.
Pros:
They already released audited figures and those figures indicate a massive discrepancy between pps and the actual companies value - even at the time the audit was released.
There's some progress like increased oil extraction and plans to expand the business.
Cons:
The seen audit might be verified by some external entity but still nobody believes thoes figures as theres a leak of trust in general and some unanswered questions regarding the changes in assets during the periods etc.
Also, if NWOG should be real we should see a move up no matter if most market participants know about it or not. At this low levels every insider who's aware of the companies value would just grab ever single share he could get. Let's not forget that based on the last audit a plain fair value (without anything else) should be reflected by a pps of 0.07$.
Let me also point out that a simple R/S not changes anything but simply has a psychological effect. The companies value is reflected by the amount of shares. If the amount is changed the companies value stays the way it was but the pps increases by the same factor the number of shares was reduced. I know it's hard to focus on the plain mathematics here because it feels like you only own a hundredth of what you owned before - which clearly is wrong.
Those who believe nwog is a scam shouldn't worry as well cause a hundredth of a scam still is nothing.
I'm sorry for all the typos etc. ;)
Has anybody tried to visit nwog using second life? This would give the virtual office a virtual touch.
Correct! About 16m shares traded today and yesteday...this is about 0.3m$. Not too much...
800m shares = 11m$ market cap
Well party - deep blue might come with some massive number crunching power...but i bet the nwog schema would make it crash. ;)
BTW - a programm written to accomplish a chess game is way to trivial to solve real problems. :)
Thanks for brining this question in mind again - i also asked this today. I guess they are not as well informed as we are and propably not aware of whats going on on ihub.
Some guys tried to give nwog a ring - without success.
LOL - ok...
Are we sure that nwog currently is aware of whats going on on ihub? I'm pretty sure they're not following up...
I think he was just pointing out that somebody agressed the market on the ask. Which usually indicates that somebody instantly wants to buy - while the one on the ask just makes an offer (ready to wait until it get filled).
NWOG usually drops on good news...why shouldnt we gain on bad then? ;)
Thanks for trying - it might make sense to give Jane a ring later today to get a clear statement.
Funny how people go crazy because of the R/S speculation going on.
Personally I havent received any note re a planed R/S.
All the bashers are going wild now - don't you guys usually say nwog isn't capable to get anything done/closed?! Why should they now be able to get the R/S done? I guess because it just fits the bashers mentality.
The trading today looks like there never was any PR released...funny. Low volume and no pps movement.
I don't think the company is dumping nor is anybody buying - it just feels like it felt the last days.
Yepp - that was my first thought after reading the PR. :)
>These guys go through auditors like my sone does with diapers
Hey - wait another 15-20 years and you can replace diapers with girls. ;)
In 15y time you'll also know what happend to nwog...i guess I'll be buried under all the shares i own.
greetings from germany :)
This guy was just pumping haven't u realised?
I wonder if we'll ever get some news?!
What do you think - is this some sort of management strategy to drive the price down to pick up some shares? It simply is impossible to have nothing to report after 1 month of silence. They have/had a couple of projects in the pipeline and the report should also be ready.
They PR-ed the release of the report on 2nd of Aug - with the release date 14th of Aug...thats more than a 1m delay.
Whats up with Eik and Strongus? They used to talk to NWOG quite frequently back some months ago with very good feedback.
Guys, is there no chance to give nwog a ring and ask what's up? NWOG looks like a rudderless oil-tanker...no news - no pps gains.
Same here...holding my stack of shares...no need to worry.
I'm off to Athens now for 3 days - keep it up guys!
cheers
Its sad but if anybody likes it any other way pinkyland is not the right place to play.
Big gains, big pains...thats what its all about. I don't makes any sense to complain about companies like nwog...in this case its better to trade bonds or maybe currency etc...makes life less painful but also less spectacular.
strongus keeps track of everything and everybody...well done! ;)
anyway - most people are depressed with nwog these days...same here to be honest....no wonder people start to bash...the pss is a mess...they should at least give us something...there must be something to report...even if they only PR current production figures or anything like that would be fine.
lets call it bid not sell :)