Thanks, kels!

They purchased a shell (used to be the symbol for a travel agencies for gays) and renamed it NAGP. However, they haven't as of yet activated it.

The lurking suspicion that I have is that they might R/S NVMG into NAGP.

Might make a good episode on Law & Order - right up Jack McCoy's alley.

Trouble is that someone is also bailing at 0.0001.

To answer your question with strictly an opinion: I believe that both Nanvaan and D'Arrigo have and are busting their backsides to make this a viable company. Unfortunately, they let themselves buy what proved to be a corrupted shell (NVMG). This is what landed them in the greys. Additionally, they've run into some other bad luck, but more than bad luck, I believe that mismanagement on their parts has contributed greatly to the collapse of the company (and pps).

One big red flag is their history of blaming shareholder intrusion for many of their woes. On the plus side, it appears that they have put just about every penny of their own money that they have into trying to make this a go.

The first of two big questions is whether they have secured the funding or, if not, will they be able to secure the funding requisite for development? There is some hope on the part of long-term shareholders that the purchase of the new shell - NAGP - is an indication that they've gotten the funding. But who knows?

The second big question is whether they will R/S current shareholders into dust when they activate NAGP? That is a distinct possibility.

Bottom line is that this is a real long shot. If I weren't holding shares, I might be inclined to try to pick up a one or two million shares at 0.0001 or 0.0002 knowing full well that the odds of making money are stacked against me.

Oh, I used to live in The Woodlands. I moved to the East Coast in '05 in order to help family members. Miss Texas a lot.

Unfortunately, this is company with a checkered past and even if they've gotten funding there is always the possibility that they'll R/S shareholders into the dustbin of history. But you're right about 0.0001 stocks - you never know.

As long as you know that it is a lotto pick at best, $85 plus a commission isn't a bad gamble. After all, $85 might only get you 10 seconds with one of Tiger's "ladies."

I presume your order was a GTC which has been sitting there for some time. Would you mind telling us how long you waited and what broker you used?

NVMG just traded 847,000 shares. I wonder if the buyer was Miss Murphy?

Now she may very well be right about the ultimate outcome of NAEG, but I could only laugh when I saw that she found it necessary to create a new alias to share her anger with the four or five of us who post here. Maybe she needs to have her meds adjusted.

One thing that she posted that is flat-out false is the following:

At the end of the day...there is no funding, no Alaska(I found out from a VERY reliable source that Fowler took them for big bucks)!!!!

There may or may not be any funding, but her comment about Fowler is nonsense. Again, she should have her physician check her med dosages.

The latest count by Google is 84 outlets now carrying it. Unfortunately, Google doesn't list all of them - just the total number.

Atlanta Journal Constitution now has it.

Unfortunately, this is my 15th post of the day - my limit.

The key is that AP is carrying it and that means hundreds of papers and websites will be carrying by tomorrow.

CBS News . . .

http://www.cbsnews.com/stories/2009/12/15/ap/business/main5984139.shtml

Taiwan News . . .

http://www.etaiwannews.com/etn/news_content.php?id=1133750&lang=eng_news&cate_img=35.jpg&cate_rss=news_Business

Gaea Times . . .

http://blog.taragana.com/business/2009/12/15/washington-mutual-seeks-power-to-investigate-us-regulators-jpmorgan-over-2008-collapse-11883/

Associated Press . . .

http://www.google.com/hostednews/ap/article/ALeqM5hSJsWmhbZyLfejIucjKC1lyur7WQD9CK2S4G0

Barron's . . .

http://blogs.barrons.com/stockstowatchtoday/2009/12/15/wamu-demands-jp-morgan-documents-xto-execs-waive-some-payout-wells-offering-oversubscribed/

Just sent the ABCNews.com link to Drudge.

ABCNews.com . . .

http://abcnews.go.com/Business/wireStory?id=9346133

Nice work.

SJJ, here is the website of the person who began sending out the emails about SMCE beginning after hours last Tuesday. Subsequent emails came out Wednesday, Thursday, Friday and Sunday night.

http://www.bestdamnpennystocks.com/

He called it beautifully.

Right now, if nothing else, this is a flipper's delight. I am surprised that it has bounced off the 1.59 as well as it has this afternoon.

You hit the nail on the head when you said "if they are such hard-working, stand-up guys." Big if.

I would certainly like to believe they are trying to do things right, but again this is the world of penny stocks. Anyway, we can do nothing but hope for the best.

The one hope is that they have gotten enough funding to enable them to buyout shareholders in the 0.008-0.01 range as was once stated by Nanvaan. For this to happen, of course, in addition to having received the funding they also have to have scruples.

Again, this stock started its rise last Wednesday because it was pumped after hours Tuesday and the rest of the week by one of the best in the business. You can bet the farm he has now taken his profits and is long gone. Do some homework.

What's to stop them from issuing themselves any number of new NAGP shares?

Salty, it is most definitely a long shot, but at least there's a chance. The big questions are whether or not the buying of the shell (rarely an inexpensive undertaking) means that they've finally gotten some financing and, if so, will or will not NVMP shareholders be R/S'ed into oblivion if and when NAGP is activated?

This stock was pumped beautifully last week by the guy who may be the best in the business at that game. Although I don't know this for a fact, it wouldn't surprise me if he bailed today and smiled all the way to the bank.

If that's the case, I sure hope you're a female. (LOL)

Use the contact form on the NAEG website; Nanvaan does read what is sent. That's how I came to get last April's phone call from him. (Best chance of success is to keep it short and respectful.)

Yah, I know, I've been daydreaming about walking away from this with six figures. But then again, I've been daydreaming for over 50 years about spending one night with Sophia Loren.

LOL, y'all are putting the cart way before the horse. We need to see how they are going to rectify NVMG shares with NAGP shares before fantasizing about getting 0.05 to 0.10 for our current shares.

I just took a look at that photo which was taken in November 2006. Another photo shows them inspecting drill pipes in China in what must have been the same trip.

Hillzman, thank you. We are in discussions with private investors to raise sufficient capital to acquire all publicly held shares of the company at a price between .008 and .01 per share. We know that this is not what many of you wanted when you purchased stock of NAEG, but we believe that raising private capital is the only way for the company to continue to operate and have a possibility of being successful.

Let's hope that at the very least they prove true to their word.

I remember in either an update or shareholder letter the figure 0.006 or 0.008 (I can't remember which) to 0.001 mentioned contingent on getting funding. Would be a nice Christmas present.

Hopefully someone here has a copy of that document and will post it.

That's the impression that I have. I very much doubt they would have gone through the expense of buying a shell if they hadn't come up with the long sought funding to carry out operations.

My fear - as has been mentioned by several on this forum - is the possibility that they might reverse split NVMG shareholders into NAGP.

The dates are interesting as they show work being being done within the last year and well after the SEC forcing NVMG to the grays.

Not if they reverse split NVMG shareholders into NAGP.

Scottrade recognizes NAGP, Ameritrade still does not.

Your "DD" seems to be a little on the thin side.

Plugger, here it is - you were right on with the date. This one is from D'Arrigo and just mentions a "buyout at a reasonable premium." There is another one somewhere in which Nanvaan mentions the 0.006 to 0.01 figure.

Press Release Source: Native American Energy Group, Inc.

Native American Energy Group CEO Issues Shareholder Message
Tuesday July 31, 8:00 am ET

FOREST HILLS, N.Y., July 31 /PRNewswire-FirstCall/ -- Native American Energy Group, Inc. (the "Company," or "NAEG") (Pink Sheets: NVMG - News), an independent, energy resource development and management company, in an effort to keep shareholders informed, today released the following corporate update from its President & CEO, Joseph D'Arrigo:

Dear Fellow Shareholders,

Significant resources were focused by management on the purchase of the rig, on building the Company's infrastructure (which is on-going), and on development for the ultimate commercialization of our properties. We have made every effort to stay on track with the Wilson for its delivery. As this was one of the predominant shareholder concerns, the status of NAEG's Wilson 38 workover rig is that it has not yet been delivered but we are arranging for it to be mobilized from Texas, shortly. The delay was due, in part, to our expectation that we could obtain all of the specialized parts in a timely fashion necessary for the customization and equipping of the rig. But also there were about two months of prolonged rainy periods affecting Texas that caused heavy flooding and various delays.

A matter of serious concern that occurred during the interim was when we learned of several cases of intense probing on the part of some of our own public shareholders, whom in some cases misrepresented themselves as 'the Company' while doing so. Our organization was intent on growing the business and further strengthening NAEG's competitive position. Instead, from out of the blue, we had these individual investors who apparently decided to take these liberties of this kind for their own personal gain, seeking privileged information and such, and wound up entering highly sensitive areas that the Company was negotiating. As a result of those particular acts of interference, a lot of negative issues arose from the different parties that had been contacted, which management then had to tend to.

What we've concluded is the following: The Company has decided to exercise its right as a non-reporting company to preserve the last eight years of its hard work and dedication, of building its reputation and key relationships, and to ensure the successful execution of its projects by guarding itself against outside interference such as we just had.

Any Savvy investors would understand how sensitive negotiating projects are regardless of who's involved. When dealing with a group of people like the Native Americans, more often then not they were the recipients of the raw end of the deal, which makes our process even more sensitive and complex. Therefore, in my opinion, our company can no longer afford to publicly announce nearly as much information as we did in the past. Progress reports regarding the many meetings, for instance, that we arranged over the past several weeks & months, most likely, won't be as forthcoming. Nor are the definitional missions that our core NAEG team carried out necessarily going to be announced with very many specifics anytime soon either. This is the harsh reality because we do not appreciate having our efforts confounded by our shareholders. We want to use our time being completely focused on the successful negotiation of our projects for the sake of the tribes that are involved, as well as for ourselves.

I am aware that many of you are long-term shareholders who may have invested in this company because of the promise of our Wiliston Basin properties and other projects. We look forward to accomplishing the goals we have set. In regards to our endeavors and the recent quiet period on the part of the Company, it's going to be pretty much as I have outlined above. Certain of the properties we have under our control, we believe, have great potential. The Wiliston Basin in northeast Montana, where we began, is known to have launched the state's second oil & gas boom. There are a number of other resources geographically located in the Rocky Mountain region that are also worth developing where NAEG may play a part. Management has been very busy these past several months as our reputation in the industry continued to bring us additional opportunities. We believe we have chosen our projects well.

NAEG has evolved, and the projects we are currently working on require more interaction with various groups throughout the country. Our team that is handling this consists of very qualified and professional individuals who are playing a pivotal role in growing the company. We work as a unified team to accomplish our business goals. To this end, we want to avoid any such conflict that's going to impede the flow of progress or that is plainly incongruous to meeting the goals at hand, such as:

Specifically, we received several complaints of flagrant intrusions into the Company's affairs, in which perhaps a handful of over zealous shareholders apparently looking to manipulate markets had repeatedly contacted and handed out damaging misinformation to several of NAEG's potential business partners, tribal officials, and/or affiliated organizations, companies or individuals.

In addition, it was further brought to our attention that unauthorized (and possibly inaccurate) promotional activities which at no time did the Company condone, such as spam e-mail campaigns over the internet, were apparently carried out by someone, probably resulting in the dissemination of a certain amount of misinformation about the Company. These acts have burdened the Company with setbacks and also unnecessary scrutiny.

Faced with this kind of needless disruption to our affairs, the board will be obligated to consider taking Native private, rather than struggle with potentially irreparable harm to our negotiations. This would allow the company more operating flexibility, without being under the constant close scrutiny of such investors who apparently have their own agenda. Under this scenario, if and when it is resolved to forgo remaining public, the Company's principal stockholders would possibly offer a tender to buy back all of its outstanding shares at a reasonable premium that can be determined at a future date. Excluded from the offer would be shares held by principal stockholders, certain management personnel and other specified stockholders. No definitive timetable has been established for a buyout.


Thank you for your support and patience.

Joseph D'Arrigo

Hermit, it appears that they want to remain public and, if so, they apparently have found out that there is no way the SEC will allow them to get out of the greys using NVMG because it is considered a corrupted shell.