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Sometimes: back at you on the mark. You are a calming voice in the storm and I appreciate that immensely. It is nice to have some folks that when things seem very cloudy they can cut through issues and in some cases they really don't matter.
Bol
john
Sometimes: agree I own a business.lol But timing is always better if you can give yourself a buffer, nailing yourself to 1 day sets you up for failure, relative to hitting that precise date. Anyhow, the blood bath is over, though I had to admit I did't get more, I have plenty already.lol AURC moves with NWO a little credibilty sympathy and so I get a double whammy or a double gain.lol
Appreciate you level headed efforts, as folk that trade/invest with logic are usually muchhhhhhhhh happier than those working with emotion and very limited info.
You, Cynic, 2Create, Brent, and Benz, as well as some others not mentioned, did a good job of being the glue to hold things together. lol
Kudos to all of the calm ones!
Bol to all
john
Sometimes: understand the 1 June PR relative to
"Vic-Russian Government gave NDOL Green Light to begin pumping oil June 1st... You've been "patient" this long... don't you think you can wait a few more days for production to begin?"
So far, and it may change, the company has been really crappy with times estimates. The deeds promised usually occur without too much exception, but the timing sucks. ie the "8k May 15th etc"
Personally, as I told our friend Mr P., 2 weeks ago now, just put an "we will start production as soon as practical and currently it is scheduled for the summer of 06" Why promise 1 June,(unless you don't specify the year). I hope it happens, but his timing record is not very stellar so far.lol
Hope I am really wrong, please Mr P prove me wrong and send me Crow, I like it plucked though, it goes down easier.
Bol
john
Sometimes: thanks much, I am not a day trader anyway, althought I have core and trading shares on many equities.
Thanks for your help.
BOL
john
Sometimes: not sure what the horse and water analogy is all about but if it is a critique, so be it.
I am just verifying as I always try to do. Sorry if it is offensive to some but I have dealt in the market since 1982 and it is a habit, rather helps keep $ in my pocket rather than in the toilet. Saves me from Panic!
Thanks for the link, I should have looked at it initially but better late than never.
Thank you for all your contributions to the board.
BOL
john
rick85284 need the law or GAAP rule or SEC reg that shows it.
I already saw the opinion, I am looking for the "law" I wish to reconcile in my own mind for sure. Opinions are like a/os, everyone has one. I want verification, as I always do when I deal in equities.
Sure I hope it is correct, it explains a lot of things, if those assets can't legally be placed on the balance sheet or income statement if not producing yet. Then the panic is totally BS and folks are veryyy clueless, which I happen to believe but want to verify.
NODL theoretically jumps big time 2nd quarter based on production and NWO 2 divisions should as well. But the link is key.
My interest is very substantial, so verification of what is said is critical to me. Should be to all!
BOL
john TIA for the link!
CYNIC: Got a link for this from your post? "First off, I am pleased about the financials. Do not understand how anyone could have expected 100s of millions in cash or anything of that nature. Secondly, and most importantly, let's take a look at the SEC rules for Oil & Gas accounting:
You do not carry anything on your books unless you started production on a specific well, property or license. Thus becomes very clear in looking at NDOLs Financials. We all knew they have 48m in proven and probable reserves. But production has not started yet, hence not Asset recognition. Further, from what we know about NWOG (namely Saratov) is that they have multiple licenses, but very limited production. The 99m asset therefore represents only a fraction of their actual reserves. Moreover, that valuation, per GAAP, has to be extremely conservative."
Therefore, the Balance Sheet Asset is not in the billion $ range. That should be a very easy and straightforward principle.
TIA I have looked for that law but can't locate it. "if not in production it is recognized" Pls give me a link. TIA
BOL
john
hopefulnyc:"Have good weekend. Remember the VETS"
I will do both things, especially the later, many of my personal friends as well as many other's friends and family are now looking at us all from above!
I for one Salute them, that is the most, and the least I can do now!
BOL
john
cynic appreciate your posts very much. I read them all very carefully last nite and they are some of the best I have seen in many years. Kudos for a great job!
Your a great asset to this board, and RB even if you don't go there. Hence you get my vote/mark, even if we disagreed on that other issue some. lol
BOL
john
LAST POST TODAY = MY EMAIL for any other discussion+
TRADE2MUCH @YAHOO.COM
SEE You all tomorrow!
BOL
john
IHDR, BENZ, 2Create perhaps two folks should make a personal call. Then it is not he said, she said, and it becomes more legal I believe. There are more questions to add to your list, those may explain history but I am more interested in tomorrow than yesterday.
Since it is your idea I vote that perhaps maybe Yourself and Benz or 2Create be nominated for the shareholder committe/ visit
Perhaps all here could chip in and defray expense for the trip, just an idea since it would likely take 2 days once you get it arranged.
I AM RUNNING OUT OF POSTS NOW SO I WILL JUST READ! TIL TOMORROW!
20/20 If we want to really talk verification of value let's talk a few things:
1. Have AUDITED STATEMENTS for the 50th time in 4 days (we don't) But we still buy and sell, duh!
2. Let's have independent recognition of geologic worth Poven and Probable how much of each. we don't Not even verified by RSM Top Audit yet. But we buy and sell duh!
3. Let's hire a PR firm to send out EXPERT ACCURATE RELEASES
4. LET US EXECUTE WHAT IS ADVETISED AND WHEN IT IS DUE : we don't but we buy and sell DUH!
5, LETs FIGURE OUT WHERE THE ACTUAL COST ARE ie the caption
OTHER EXPENSE went up 7 time 05 We can't yet but we trade, duh!
6. LETs BE PROFESSIONAL ABOUT WHAT IS DONE. Now there's a challenge!
Parkin is listed in various SEC & other documents as many things:
1. VP LEGAL AFFAIRS 2 Companies
2, Pres Of AURC
3. PRES and CEO for NORD/NORTHWEST POST MERGER
4. Chief ACCounting OFFICER on an 8k
5. Parkin Head of Investor relations todays PR
Our Mew Pres>
Malyshev listed as the Pres and CEO on a very recent PR for new ly Merged company
Malyshev Listed as simply Pres on recent filing
Who is what to who can't even be established and SOME ARE SELLING STOCK BASED ON WHAT IS IN A PR THAT IS NOT AUDITED.
Oh WELL! We buy and sell and guess and get pissed Unreal!
Well I am holding after 23+ hrs of DD I believe in what I know!
euddoggwyn: thank you for your explaination of the $1.25bil Net Asset value not being carried ever on the Income Statements
That fact/explanation omission caused the crap we saw today. People had their fingers on the "I disbelieve trigger" and wow did they pull it at the first sign on discrepancey!
**The news was not bad at all, though more cash would have been nice. When all the other documentation comes out we will see a different picture. No one in their right mind would dream up a scenario like this to scam, it is wayyyyyyy tooooo involved. But Conspiracy prevails!
Hardly any debt
Nice Assets except the way they valued the assets made it seem wayyyyyyyyyy different from what was being looked for.
Had they not omitted some explanation, which may come soon or may not then things would have been different today I have little doubt.
Aurc is off .02 and Parkin is Pres., and it is on the sho list, or was a couple days ago and fighting naked shorting.
Now do you think the smart money would not connect the NDOL dots to AURC. Yep, gee maybe, a while ago, must just be the panic, oh that's what I thought too. hmmmmmmmm
NDOL PRs are seldom complete, so why would you possibly sell based on one? Might be something we don't see?
The volume including the panic is 3.5+MIL shares. The MMs just got almost 10% of the FLOAT unreal. Big days of volume recently are one heck of a lot higher try 14Mil and 18MIL shares a bit ago. Wonder if that gives someone a clue that most **did not sell** only roughly 10% or less due to MM chiming in to drive the price down.
Maybe you are the truly bright 10% who paniced, not sure that is often the case though with panic selling
Oh well cya all later
BOL
Panic is the road to poverty, and patience the route to wealth.
If one PR, which now none are sure of how to interpret correctly can cause the rush to judgement that we just had, then I'm truly lost.
You buy when ya don;t know, and ya sell when ya don't know! hmmmm Something is definitely wrong with that picture.
Think I will be patient, if it is all the same to you.
Thanks any way.
BOl Instructor for Trading 101
A little trading on Emotion not logic. Nothing like a little panic to push down the SP. Guess who scouped up MMs. DUH!
GREAT NEWS IMHO!!!!!!! RELAX!!!
Brent how prophetic!
Imho Parkin is CEO due to NDOL & now NWOG divs being on the Amercian exchanges and a familiarity with how they work and the legal requirements SEC etc.
Don't forget Monimpex which Parkin is VP of Legal affairs for, makes its living off taking firms public and reverse mergers etc, deals. He told me on the phone that Monimpex is paid in stock options. Which he can't sell until he gets and after the restriction time is done.
Monimpex's will not get paid until the Merger is done and then with some sort of restricted share options imo. That is the way I understood him anyway.
jmho
Makesumgravey: 8k for 6/15/06 shows Nord is a wholly owned subsidiary of bio-tracking and always has been due to that merger. It should not be a revelation as to why they are filing for Nord.
Bio-tracking did this 8k acquisition last June: this is C&Paste
"Consequently, Nord Oil, Inc. shall become a wholly owned subsidiary of Bio-Tracking Security Systems, Inc."
It has always been in the 6/15/05 8k filing.
So that is why Bio-Tracking is on the filings with the SEC- Nord reports as them.
Brentjanice has it 100% correct relax and leave the computer, all you will see short term is MMs driving emotional trades. Use logic and you should reap the $$$$$ benifits if you are patient.
cfp
No identification to my email at yahoo = I can't tell who is sending what I get, a lot of emails come to me there. Put your alias and board on it.
MMs shakin shares what a pain! It will break some before too long as what they have vs what we have can't be much. lol Most shares are restricted from trading so,,,,,,, it is us longs against them MMrs. They will get tired in a few days when they scrape together enough shares.
The 8K will come Pls RELAX! It is advertised by Parkin as mostly a rehash of what you got yesterday. What do you expect in it which was not included in the 10Q? It is a further piece of the puzzel,I agree but:
THe *AUDITED FINANCIALS* of the 2 NWOG DIVISIONS which we just bought *are immensely more important to me. Since it verifys what the heck the merger is and what it is worth, not just what it is advertised to be worth.
The 8k is fine but I think the 10Q was more major in that it contained that info plus much more.
From what I know an 8k is merely the filing of a material event and we know that took place by virtue of another legal doc the 10Q filing.
LET's get audited FINANCIALS of our NEW DIVs from NWOG
2 Create:
I have a question which you can likely answer. Would you please take the time to send me an email @ Trade2much@yahoo.com .I do not have a premium membership so I can't send you a PM
TIA
John
cfp
email me @ Trade2much@yahoo.com perhaps I can help you on your question relative to no emails.
TIA
BOL
john
All the Wires still don't have 10Q. I just called Schwab and spoke to them for 10minutes. They said no listing even on Rueters. I said it is on the SEC Site. They checked and said yep has been for a bit I said try 1 hr before the market closed. They said many times Pink Sheet stocks just aren't fast to have the filings put on the wires for some reason but it is not uncommon. It should be all set by tomorrow.
Sooooooooooo in the a.m. you may see some volume and some activity. But it would be good to have it out this afternoon!
Oh well, patience john!!!!!!!!
BOL this is my 15th for the day, so c ya Thurs. lol
Yeah Yeah: if you do a screen and put in companies with current or a quick of greater than 1 is not at all common among pinkies and BBs or even under $10 NAZ for that matter. It does indicate liquidity and COH usually, but if the number does not take into account (since accounting is only a spot in time) the current situation post MAY 11th(merger time) it may or may not be anywhere near as pertinent as you indicate, since that spot in time you are using was 3/31/06.
Current Ratios and Quick ratios are normally much more meaningful on stocks which are $10 or more. They are also a risk indicator. Hell this stock is only .60 and you want blue ribbons, don't think so yet, but nice try. You will find what you seek at >$10 per share equities and very rarely find it in any stock less than $5
You could also ask for PEGs of <1 don't think you will get much of that down here either, or even at $10 stocks yet I use it as a key measure for more expensive stocks.
Good luck in school
Rick the cash needs likely anticipate upcoming oil revenues they were to start pumping in June. So perhaps they will get $$$$$ for the oil, I hope so anyway.
I suggest that the guy with his current ratio, use it after the merger with NWOG. Further when you look at his profile he asked the same question on the NDOL board. hmmm If it walks like a duck..blah blah guess he might be one. wonder how much he owns?
Boys and Girls #8 on the 10Q: MERGER!!!!!
Effective May 11, 2006, the Company, by way of a reverse merger, acquired 100% of the outstanding shares of two divisions of the North-West Oil Group, namely "North-West Oil Group-Saratov" Ltd. and Company "Neftegazenergo" Ltd. As the result of that merger, the Company shareholders will own a total of 41% of the issued and outstanding shares of the Company and the shareholders of the North-West Oil Group will own 59% of the Company.
Ronnie: Outstanding Analogy lmao: "like tailgaters to a football game parking the vans 2 hrs early"
Man that describes us to a "T"
BOL
Thanks for brightening the day!
john
To Add an Aire of VAST Credibility, regardless of GPs hollow promises he means well, he better AURC is at stake:
We now have " 10 " companies involved with this Merger & Nord:
1 & 2 Stock Tranfer Agents: a) Interwest Transfer
b) Select American
3. Nord Oil Intl itself
4. AURC of which Parkin is acting Pres until it is sold client of Monimopex who employs GP as VP of Legal
5. RSM Top audit #6 in the world from what I can find, and doing NDOL & AURC audits since they are listed clients
6. Finklestein Capital the Pres is on our BOD, company is now merged with Midland Barring
7. India Oil- just PRd yesterday and would definitely have legal issues if the merger were not straight up
8. Monimpex Intl makes its living off such deals Makarov Pres old Pres of NDOL before Malyshev took over from North West the other day, according to the PR
9. Rosneft IPO in July millions at stake and Rosneft is associated with NOrthwest so tarred by the same brush
1o Northwest Oil Gp
<Government Involvement>:
We also have 4 Govn'ts involved now : USA-SEC, CANADA,
GERMANY- FF exchange, RUSSIA-Northwest on Rosneft Ipo millions at stake
**Then we have a whole host of private individuals whose reputations would be tarnished and some with other legal issues no doubt.
So all in all- No shakeeee the treeeee no apppples fall down. Well guess what? Most of us are just along for the ride Mr Market Maker you can shake all you want!
If anyone else can add to the list Pls do!
BOL
john So we will just wait!
NDOLstrong: sorry, haven;t really thought much about it. Most of my time has been wasted/ consumed with trying to figure this and AURC out, along with about 25+ other equities I hold.
So I really can't offer an informed opinion.
BOL
john
Near as I can tell this IHUB board must own most of the float, since mannnny shares are restricted, therefore the MMs must be playing with themselves if we don't sell. The only other shares I am aware of other than the MMs panic buys would be the 10% PRd a while ago for the suitor company, and I thought even they were restricted.
So the MMs must be spanking their monkey, and we can either watch the show or change the channel.
Some where over the rainbow! 8ks fly .....
Wierd, but it will shoot up when does start to really go some day.
Bol
john
Mildtrans: it may not be professional to play the game the way it seems to be being played, but no one said it would be. There are many here who have said "it is not good business, it is not professional etc" to do what I earlier suggested could be happening.
Obviously, I have no idea if that is truly going on or not, there are limited alternatives.
But ONE IS FOR SURE: other than death:
"YOU ARE ONLY DISAPPOINTED BY YOUR OWN EXPECTATIONS"
So if you expect the timing to be accurate, guess what? NOT!
This is not aimed at you,mild trans, as we seem to agree, when it is out it is out. jmho
BOL
john
Armyseal: Guess we watch the paint dry some more. Sooner or later we will get what is required. Funny if we never had any other answer from GP other than the info should be out within 3-4 weeks due to the detail required,that would have would have been fine. Now we are resigning ourselves to that reality anyway, just took a lot longer to get there, due to all the emails etc. lol
Time to sit tight and "SET and Forget It", as Ronco says. When news comes, it comes.
BOL
john
Thank you: jstick,
man it is too bad someone had to point that out to him, unreal. If all his info is that thought provoking, then I sure will look forward to his future posts.
BOL
Thanks again
jihn
Greedy wow a whole 5k shares not that will break the bank!
Get real, I bought 20k the other day and it still only a small fraction of my holdings.
5K wooooooooooooooooo so your credible!
Greedy.. then keep bugging him, and see where it gets you!
Proof is in the pudding and a NEWBIE TO THIS BOARD has ZERO credibility to me so you can sell. I have it, I hold it and if I did sell it is at a profit how about you? NOT! If I sold it, it would just shake the price and you wouldn't be able to buy enough, so think for change. You, Unlike me, have never spoken to PARKIN for 15 minutes. Give him a call big guy ask him if he is not sick of the badgering! That should be interesting, yep you'll call sure! Let us all know!
TIA lmao
To the Board: REF Parkin, he will personally post emails with timetables now, since no one else wants the association, birds of feather kind ot thing.
***I truly feel he is yanking our chain, and doing this on purpose because he feels we are all flippers and day traders. And a **real PIA to him all the time.
Last Monday when I spoke with him, or someone calling themselves him, he mentioned that he felt the daytraders were ruining the stock price with all the flipping. He really voiced a very subtle, but obivous, displeasure for them as well as the message boards, which he said he used to read but were so negative that he stopped due to it affecting his work.
In summary I am half convinced (more and more now) that he is subtlely saying screw you day traders trade on this. I think he is concerned only about the primary shareholder now.
Another reason my feeling this way is that **NOTHING was said about Oil India until the PR yesterday, and what was/ is said to us never happens. hhmmmm Go pound sand????
<I also wonder if he can legally tell us the truth in advance of PRs(timing wise) since it might be later construed as trading on insider information.
I think it is all about telling us to get lost he will put it out when it happens and badgering will not hasten it.
tedwitt: "lighting a fire under a tank to get it started" lmao Haven't heard that one since I was in. lol I take it: Up state NY refers to what was called Pine Camp, then Camp Drum and finally Fort Drum, last I knew anyway. lol
NDOL & the Tank starter what a GREAT analogy!
Thanks for a great way to start the day.
BOL
john
Wonder if Parkin is Religious, if so he best start looking over his shoulder for bolts of lightening, either that or get a contract writing Esop's Fables.
Once again he did it to us, he must be LHAO