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And why wouldn't they accept a name change? Just a formality, the actual name change and symbol change is much more significant. Those will take at least 2 more weeks, hence the dividend delay.
A really terrific response! I appreciate your informed feedback. My gamble has turned much closer to the investment side of the ledger with your insightful input.
By any chance, has your DD taken you to the Michael Naumu bankruptcy website to see if there was any substance? I'm not too heavily invested and was too cheap to pay the fee.
https://www.trollerbk.com/bankruptcy_case/MICHAEL-S-NAUMU
Although they were supposed to apply the end of January, but no explanation for the delay.
Did you put in your buy as AON? That would be a possible problem in completing your order when trading volume is light.
So how does Nations provide funds for these leases and for the subsequent mining production costs? It never seems to get that far in anyone's DD work. Also, why does Nations need ORFG and what incentive has ORFG offered Nations to become a subsidiary?
That doesn't say anything about the finances of either company. Please provide him appropriate dd or admit it's just a mono play like other short term investors like myself have indicated. Do a google on Michael Noumu and try to find anything of substance except a possible bankruptcy filling in 2013.
As far as I can tell, Nations Oil and Gas is a startup company without any appreciable assets. Where will the funds come from to start production? Bank loans possibly? When is the earliest you estimate we would start seeing revenue?
It's "you're" and I'm not too late with 31,000 shares. Just trying to get some of you guys to be a little more objective about knowing where the potential weaknesses are. These are penny stocks and I consider this a gamble, not an investment.
The Nations website is very superficial with no hint of past or future financials. Also, what are they getting from ORFG in this merger that they couldn't get on their own?
What did they pay to acquire Nations Oil? All these locations are leased by Nations, do they have capital to spend on the large production costs, or does everything wind up a company in name only, to become the shell of the next OTC scam? Don't want to sound cynical, but I've been in too many gold/oil and gas start ups that never started up beyond the selling of shares to optimistic investors.
Missed that! Only heard you say best performing Nasdaq in 2014. Anyway, buy and hold is not a good strategy 99% of the time, especially in pennies.
Aren't they anonymous? Who keeps a record for those that don't settle?
Hope you sold some higher up to recoup some of those lower buys and buy in more at these levels.
And they obviously don't have to cover on name and ticker change.
13 minutes holding tight. Don't give in to that 047!
Where does the money come from to start production, or do they sub lease out the properties?
Right, I never saw a name change, in itself, do much for a company in terms of its immediate stock price. Just window dressing as you say.
Didn't they file for the name change in January? What happened?
Please copy and paste alert here.
Look guys, you can't continually post that people get in within the next 10 minutes or miss a 100% increase before they can get in, and then complain about people selling without patience when the stock continues to go down.
Better to just set your longer term perspective and stop posting so incessantly just to see your anonymous postings in print.
My average is now 07. Will buy more when new funds clear tomorrow. I'm counting on you!
Hope you're right. You have more money in this than my total net worth!
Well, so far, for what it's worth, you wouldn't have got it at 034. At least that much of a positive slant!
Wasn't me, but thanks for the buying pressure.
Why don't ya buy out ETRF on the ask?
A short doesn't sell, he buys to cover or buy back the borrowed shares. That, of course, is what we want. For shorts to cover and increase buying demand.
You have 8 minutes left.
LC, any updates on MHYS status?
Been 15 minutes since last trade. Good to see people holding off selling on lower bids, but we need more bid support.
Anyone with level 3 to see what CDEL has behind the 95000 ask? If nothing, then we're clear to 36!
Great there was no major sell off at close before the weekend!
Except we have half a million shares to take out at 0535
Isn't the hemp for biodiesel production, and 1000's of acres needed for any meaningful production level?
At least you are!
If accum has been taking place for a while now, who's doing all the selling?
Aren't you paying attention to who that mm is and what he's been doing? Might just as we'll be 10 mm's there!
Seems like VMDM has the entire float at its disposal!
I imagine a lot of stops have been taken out.
For the moment, a lot of people want out. Do they know something we don't know?