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Maddog ...Fair enough!
NAUG and NWAU both seem to be holding their own in light of waiting so long for the financials. ...This is a good sign.
EPROM
Snow writes: ""...How such a scenario can be smart is beyond my comprehension.""
...Therein lies your answer! All I can say is for you to do the research on the subject and see for yourself.
EPROM
Fats writes: ""Actually it means they are running out of batter.""
You can always buy more "batter". It's getting the "hotcakes" out the door that counts ...which is OBVIOUSLY what NowAuto has been doing since inventory is thinning out before January.
Man, ...you guys aren't doing a very good job on antiNaug "damage control" on this issue. Just admit you messed up in the "slam dept." and we can all move on.
EPROM
Fats,
EVERY CAR BUSINESS I KNOW modifies their lot inventory starting in October so that they do NOT have excessive stock come January 1st. It's a "Common Sense" thing in the industry and I am very much surprised in you lack of knowledge of this fact.
Just fess up and admit that you slipped up in an attempt to slam NowAuto. Your data slip-up showed that NowAuto is very much on top of the situation and is acting accordingly (as any SMART auto sales business would).
Sorry, bud.
EPROM
AmbiguDog Writes: ""Not that it's my goal, but if your posts were a little less "bitchy" I think the board as a whole would be better off.""
"Bitchy"? ....Hmmmmmmm, ...yet ANOTHER head-scratcher? I don't see any "complaints" being lodged in my followup posts? Just my comments on the data that has been posted.
.............Oh, well???
I guess one man's "bitchy" is another man's "Shakespeare"?
EPROM
No problem on MY end, filet.
Although AbiguDog seems to want focus on some mysterious "emotional" side of whatever I'm writing. ...which is a real head-scratcher since all I ever get back from him is my own words, ...but curiously re-arranged.
To ME it's all just "Tit for Tat". ....Others are more "thenthitive" I guess?
EPROM
P.S. Maybe he'll explain to us what he's really thinking ....in "December", or something?
AmbiguDog writes: ""do you squish when you walk???""
Maybe? ...Possibly? ...Uhhhh, could be? I'm not really sure about it, but there is a distinct chance?? One might think so, ....but others MAY not? ...I dunno?? ...Could be all of the above, ....but then again, not??? ...I'm not really sure at this point??? -JMHO
EPROM
P.S. I had to answer in a way you could best understand.
My god, Fats, ...(((DECEMBER!!!!)))
Fats Writes: ""EPROM-Maybe someone should tell them it's October & not December""
(((P L E A S E))) tell me you didn't just write that?????
Are you actually broadcasting to EVERYONE tuning into this forum that a well-managed auto dealership shouldn't be adjusting their inventories until December??? DECEMBER???? ... => D E C E M B E R <= ....... => (((D E C E M B E R !!!))) <= !!!
I simply can't believe that!! ...You DO KNOW that's only 31 days before the dreaded "Tax Time" don't you? ....Ohhhhh, myyyyy goodness!!!!!!!
Welp, folks ...THERE IT IS!! The "antiNaugs" who seem to think they know how to run an auto dealership better than NowAuto would actually (((WAIT UNTIL STINKIN' DECEMBER! ))) to adjust their inventories!!! ...WOW!!!
.........HEY!
What stocks are you in right now? ....I'm in "Short Mode" and they sound like easy money!!
EPROM
P.S. I'd LOVE to see your press release trying to explain WHY you had so much inventory left over - LOL!!: ""Uhhh, I w-w-waited u-until, uhhh ..."December", yadda yadda.""
AmbiguDog writes: ""Fats, very funny, but you forgot "all of the above."
I'm going to take a page right out of the "Let's re-write OTHER people's words!" playbook (that seems to be so popular these days). ...Based on the "NEW" doggie's NowAuto corporate outlook, ...shouldn't that have read:
""Fats, that COULD be very funny, but you MIGHT have POSSIBLY have forgotten MAYBE all of the above, ...JMHO?""
Who loves, ya Dog?
EPROM
...May, ...could, ...might, ...possibly:
AmbiguDog writes: ""...because they're spending it all on the audits you may never see.""
Just a few short months ago you said there would be no financials PERIOD because they bought some scam shell comapny and this was ALL designed so that they WOULD NEVER HAVE TO SHOW AUDITED FINANCIALS. .....NOW we see that big, soft, cushy word called "MAY" entering the scene????
Funny how NowAuto gets slammed so hard for not living up to what they write. If that exact same standard was applied to some of the antiNaugs posting on this formum ....well, .....you know how THAT would end up, eh?
Does it take a lot of balancing skills to sit so long on the "Maybe Fence"?
EPROM
Nope Fats ...
Sorry, bud. Doesn't mean any of that. It means they have sold most of their inventory and are evaluating how many to have on-hand before the end of the year (like any "Smart" auto business would).
Anyone even remotely "familiar" with the auto industry knows that. .......Thanks for unknowingly delivering a positive update on NowAuto!!!!!
That was a clear "I dropped the ball" situation in naked short land, lil' buddy.
EPROM
P.S. Looks like that was clearly a "I dropped the ball!" situation in naked short land, lil' buddy.
Low inventories??
Fats writes: ""You may want to go to the the Now Auto & Sunburst websites. I haven't seen inventories this low in a long time, especially for Now Auto.""
That's GREAT NEWS!!!
That means they are selling like hotcakes and they ALSO won't be assessed with high inventory taxes at the end of the year. .......Thanks Fats!!!
EPROM
You're funny, Dog! ...
watchdog writes: ""Phil, you need call Matt and warm up his jail cell before I get the hook for really laying into him.""
Buddy, EVERYTING YTOU WROTE in your post was a personal slam at me (just like most of your posts to me). If ANYONE belongs in iHub Jail it's you and Phil (bullrider). I have received more "personal slams" from you two combined than the entire amount of posts that I have submitted on this iHub forum!
All you two do is try to slam me ...and just because I happen to remember what you guys have written before. ...Why IS that?
http://www.investorshub.com/boards/read_msg.asp?message_id=8227979
BUT .......
If you REALLY feel the need to go tattle-tale to Matt, then knock yourselves out. All it does it let the fence-sitting potential NWAU/NAUG shareholders know that people are on to your game (and are able to play it better than you.)
EPROM
P.S. Why don't you guys just go back to your lil' "arbitrage play" talk? Looks like you all were having a nice, cozy time together trading your meaningless daytrading tech talk.
Phil and arbpro, ...
Nope, you guys go right ahead and knock yourselves out in tech land.
I DID happened to notice that NONE of you were able to deny the truth found in my post. ....Your being reduced to to "Personal Slams" is proof of that fact.
http://www.investorshub.com/boards/read_msg.asp?message_id=8227423
EPROM
Weighing in, ....ME??
Hey dog,
I don't have to "weigh in" on your curious "roadmap to failure" business design. The reason I don't is because ALL ALONG you have been saying that NowAuto was a "scam".
History Lesson:
Well before NWAU purchased GEIV you were saying that nothing like this would ever happen and that it was all a just a cheap ploy to bilk their unsuspecting shareholders.
Then when NowAuto actually DID buy GEIV, you said it would never come to fruition and that this was just a sleazy way for NowAuto management to hide from having to show audited financials.
THEN when NowAuto said they would show Audited Financials for the LAST TWO YEARS for ALL of their many company purchases ....as I recall, you distinctly said that this would never happen (and did so strangely up until today?).
...NOW here we are in present day!:
Yep, in a few short months you have gone from crying "NWAU is a scam" to a complete turn-around. NOW you say, "Well, yah, ...they probably will file the audited financials".
Now your "loyal antiNaug following" is left wondering HOW you went from insinuating that NWAU management was selling all of their stock and running off to a tropical island on bogus expansion plans ...to trying to guess how SOON the fully-audited financials for all corporate entities will be filed to seal this must-be-legitimate GEIV purchase ...and all done by a TOTALLY LEGITIMATE NowAuto Group!!??
Doggie, you're like our own lil' iHub version of Edward G. Robinson in "The Ten Commandments". Always a "negative element" on the journey to the land of Milk and Honey. Why should ANYONE "weigh in" on ANYTHING you pontificate at THIS point? ....especially after being so completely WRONG about everything ELSE along the way?
EPROM
gregs writes: ""What makes you think watchdog desires to head a second rate used car outfit?""
...You need to go back and re-read the original post. You have incorrect data.
EPROM
Sir Dog writes: ""I would like to answer but I learned a while back that this would be a totally fruitless endeavor""
That's okay doggie, ...a good man always knows his limitations. Independent thinking can be much, much harder for some than for others.
Besides, there's PLENTY other people's independent thinking going on right here that you can maybe lean on for support.
"Spin-Meister" EPROM
Dog writes: ""I still think there's trouble ahead for the SB2""
...Yep, once again you see "trouble" in someone ELSE's "game plan".
So what is YOUR game plan for NAUG to get that SB2 properly filed?
What SHOULD they have done in doggie land that will 100% work like a charm?
Show us all how the great & powerful "Sir Dog" would have built up a tiny auto dealership into a $100M Auto/GPS MONSTER (better than NowAuto has planned). Now be careful, bud ....Don't go using some OTHER company's business plan. We'll find where you got it if you do. ...We'll blog your NAUG-wagging lil' tail into oblivion!!!!
We only want YOUR amazing, street-savvy business mind at the helm.
EPROM
P.S. And afterwards maybe I can offer you the "Correct Version" of what you plan should have been?
"The Correct Version ..yadda yadda"
I noticed something about you mr. dog. You wait for other people to come up with new thoughts, trendy ideas, unique analogies, business strategies, corporate game plans, etc., etc. ....and THEN you chime in with YOUR version of what these OTHER people's ideas SHOULD have been.
You always seem to be critical of OTHER people's work/business/prose (i.e., NAUG, NWAU, fellow posters) ...yet you never really offer any revolutionary ideas of your own? Your data is always REACTIONARY data and never PRO-active.
For instance:
You took my "steak" analogy and twisted it around into what YOU call the "Correct Version" ...yet it was never YOUR analogy to start with! Why weren't you posting the CORRECT version from the start? Why wait for ME to get the ball rolling?
You also take NowAuto's "NWAU buying NAUG" business plan and twist it into something that might be considered "bad" ...yet you never have any strategic business plans/models of your own?
You take the words stated in NAUG news items and rearrange them to meet whatever agenda YOU happen to have ...yet you never offer any BETTER plans than NowAuto is offering in the auto/GPS industry. Again, you just recycle someone else's ideas and hard work into something YOU can personally use.
.
.
....Instead of twisting everyone ELSE's work and ideas around to fit your needs, why don't YOU come up with something ON YOUR OWN for a change????
Entertain US with YOUR version of how a auto/GPS copmpany SHOULD be run so we can ALL SEE what the great "Sir. DOG" can do with a strategic business model.
EPROM
Everything you wrote doesn't discredit my answer to you constant "Why didn't they file a Form 10" question one bit. You always demand an answer to your question ...yet you keep on asking it again and again and again even after you get the answer.
.....THAT'S why people don't want to answer your questions.
Here's a question for you:
If I said I was going to give you a "steak" ...but instead I gave you a steak, AND some corn, AND a nice hot potato, AND some vegetables, AND a dinner roll .......would you REALLY bitch about it just like you have on this "Form 10" thing?
EPROM
P.S. Were's your brain, ya stinkin' invoice???
The damned "form 10" thing again!
Geeeeze arbpro, give it a rest!! ...Will ya?
When Stink Sheet NWAU changed their "form 10" direction and decided to go for the much more powerful NAUG, the Form 10 route became moot. EVERYTHINH you are wanting to see in that damned "Form 10" will be executed in these fully-audited financials and the qrtly. report released in November.
You're like a stinkin' arm chair stock quarterback. You cry because the quarterback called an option play at the line and threw a pass instead of the previously-planned run.
Sometime you have to "change a play" to get the job done, bud.
I'd rather NAUG be what they are RIGHT NOW with 2 YEARS of FULLY AUDITED FINANCIALS COMING rather than be some old Stink Sheet company relying solely on Form 10's. We get the same results ...but with a FAR more powerful company!
NOW WILL YOU (((PLEASE))) SHUT UP ABOOUT THE STINKING FORM 10!!!
EPROM
...Awwww, c'mon Fats!
I know, I know ....but what ELSE do I have to write about?
EPROM
Well, lets just see:
RCtrader writes: ""It is invoice you have no knowledge of what an audit consists of.""
...Yep, I'm SURE NowAuto called you an invoice.
RCtrader writes: ""Sunburst, and 2 auto dealerships where all private companies.""
...WOW! I certainly don't know "were you where" back in your 4th grade English classes.
RCtrader writes: ""As for are the rest, it is apparent that you are a total moron when it comes to investing and you should consider buying shares in another company.""
...Well, okay, ....based on your post maybe this part of what you wrote DID actually come from NowAuto IR department?
EPROM
arbpro writes: ""Now we have a basher fabricating emails from the company. You are giving us legitimate bashers a bad name.""
...Now that WAS funny!
EPROM
arbpro writes: ""...Have a good weekend""
Well, since everything else you have written to me is WAY off on some strange slam-tangent having nothing to do with our current topic ...Then I'll just go right ahead and have myself a "good weekend" and call it quits with you.
Thanks Bud,
EPROM
P.S. Seriously, I'd LOVE to debate with you on issues, but if you simply cannot stay on whatever our current topic is ...then unfortunately I'll have to give up on ya.
arbpro...
Okay, bud ...Ya lost me?? What does that have to do with the Independent Auditor and how he looks at NWAU/NAUG's numbers?
EPROM
mmfats,
You can write, "Could it be that..." or "Maybe NAUG can't ..." or "They MAY have been ..." all you want and then put anything you want in where the 3 little dots go.
They MAY all be "space aliens", too, fats ...even the independent auditor!
There are an infinite amount of reasons why what is going on is going on ......so what's your point?
EPROM
Well snow, ...
Since you obviously didn't read my post (or you own stinkin' quote):
http://www.investorshub.com/boards/read_msg.asp?message_id=8197835
EPROM
Jaime Writes: ""For example, we would all feel better if he said something like this: "Last week, we confidently anticipated that the audited financials would be released by today. Since then, we have discovered that there is an honest dispute between our audit versus the independent auditor.""
Okay, here's why he can't:
If he DID release that "explanation" as you has stated. the investors would be left with thinking the independent auditor's numbers must be a LOT lower than NAUG's previously released numbers. Obviously NOBODY in NAUG management is going to argue about numbers that mate up perfectly or even exceed numbers they have posted in the past.
For Scott to offer your explanation, all he would be doing is offering you a negative, ambiguous, investor-emotional situation to some sterile, fact-based numerical data that is void of any and all emotion.
I say "no" to that idea. Just wait and release whatever the best possible numbers are (after the two parties negotiate the totals) and let the chips fall where they may.
If the numbers DO pan out ...then it doesn't really matter if NAUG is at $2 or if the investors are emotionally drained. It will start going up from that point on. True, it won't be starting from $5 or $6 (had NAUG management had their act together) ...but at least it's a start.
EPROM
Snow writes: ""I suppose it might be a bit embarrassing to admit that the independent auditor does not accept the company numbers?""
It's more like NAUG doesn't accept the independent auditor's numbers and is making an argument in their own behalf. Independent Auditors aren't always right EITHER, ya know.
...They are subject to scrutiny just like anyone else.
An independent auditor doesn't give a rat's a$$ as to what NWAU/NAUG has previously stated and they aren't obligated in any way to try and meet those numbers.
You should already know that, bud! I am 100% SURPRISED that someone who has boastfully pontificated about knowing so much about this wouldn't know this fact????
EPROM
Jaime9 writes: ""why couldn't Scott mention that in his press release ...Scott needs to issue another release immediately and explain the situation to us in more detail?""
...I'm not sure he would be allowed to say anything concerning the "content" of the audited data in a press release. All he can really do is predict (poorly or not) a release date. All you can do as an investor is GUESS as to whether these guys will actually get it together or not.
Right now, NAUG is the "Houston Texans" of the press release world,'
EPROM
arbpro,
I'm sorry you were so "offended" by my post. ....I didn't know you were a "Zodiac-type Investor"?
EPROM
Peeker:
I DO agree with you. It's BAD to have something like this happen ...but the biggest worry by many of the "zodiac-type" investors was the "After close on Friday" scenario. Now we know that was never really the issue.
My guess is the only reason Scott (and NAUG) would agree to suffer this embarrassment is if they have made a valid argument against what the independent auditor is saying ...on the PLUS side, that is.
No doubt there is "book cooking" going on. A few dollars here ...a few dollars there. All we really need is something CLOSE to what they have stated in the past.
NAUG Management: ==> Get it together, people!!!
EPROM
This is what happens to your shareholders ...
...when you don't get the information right:
http://finance.yahoo.com/q/bc?t=5d&s=NWAU.PK&l=on&z=m&q=l&c=naug.ob
EPROM
NAUG Geeeez!!!
They should have NEVER made that first "On or Before Friday" news release unless they were 100% sure. On the good side, that means it's not a "After Friday's Market Close" as watchdog seems to worry so much about.
Since NAUG f-ed up with their numbers release prediction ...I also renig on my non-posting status for this week.
EPROM
Okay I have to chime in:
adam writes: ""...and it should be completely up to investors to figure out who is lying and who is telling the truth""
YES!!!!
That's what it's all about! Unfortunately, LIES can make just as much money for an investor as the TRUTH can (depending on the company and the investor). The trick is knowing how to ferret out the Truth based on the CHARACTER of the company.
You can do the same with strategically-worded questions targeting certain posters on this forum (unless you get tossed in the iHub prison for doing so).
EPROM
P.S. Now, back to my previously-stated non-posting vow for this week. See ...I even LIED about not posting!
Here, I'll fix the forum.
I know I said I wouldn't post anymore this week, but I saw that the forum was messed up ...so I fixed it!
EPROM
How's bout Madnaug_NWAU?
BTW: I am officially abstaining from posting this week in honor of NAUG's audited numbers. Whatever will be, will be come this Friday ...so there's nothing really to discuss until that happens.
Good luck to all who chose to hang tough on this NAUG/NWAU investment. And for all you Naked Shorts out there, ....Every Dog has its day!
EPROM
Watchdog's errata:
Watchdog writes: ""In case you didn't get it, really bad news is released after 4PM on Friday.""
...Ohhh PLEASE tell me you didn't just write that!!!????
Yah, buddy, and you probably feel that "home teams" are ALWAYS the best bet (Just like when the Packers recently played the Browns) right?
Well, little doggie, I remember a news release of PMRY financials AFTER THE CLOSING BELL ON A FRIDAY that sent the stock up over 33% the following Monday. Everything was in line on their financials, too.
Yes, SOME of us base our investment decisions on what we know about the COMPANY more than we do unsubstantiated, mojomatic, Zodiac-based statistics. That one, single supposedly "bad news" item (as you would call it) yielded me a very nice little $47K!
EPROM
P.S. So how do you do with your investments when there is a full moon coming? LOL!!!
Hey watchdog, ...
watchdog writes: ""are sure EPROM is not Smithlll, man they sound alike??? Sorry I missed the action today, I could of had some fun with Smitty..errr EPROM.""
And you sound EXACTLY like arbpro, Phil(bullrider), snow, and mmfats. ........Just how many frickin' aliases can a single poster have????
EPROM