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You don't necessarily need to give out cheap shares to get financing... Didn't NVMG get financing @ a share price of .0167 and the share price was around .008 @ the time the deal was made.
Just a thought. Their are probably 10 to 15 shareholders here on IHUB that own a cummulative total of at leat 100 million shares. What do you say we plan a trip out to spend a day with Mr. Ree's within the next 30 days and get some calification on a few things.
I am in this for the $ not the love of a company and the only thing that matters to me is the growth of my position. I want to find out what Mr. Ree's commitment to the share value is, not the compensation too the executive board.
Any one interested PM me. Just a thought
jrdig7,
Exactly what I was thinking. Eliminate risk. Just generate cash flow.
Excerpt from todays Post >>>
"The primary reason that we are not trading on another exchange is that we do not yet have audited financial statements. We are currently working on remedying this, and anticipate having audited financial statements before the end of 2007. At that time, we will make application to move to another exchange."
Very Nice IMO
Nice find...
Posted by: GetOnUp
In reply to: None Date: 5/18/2007 5:46:40 PM
Post # of 14866
Found this on WRNW's website:
AheadoftheBulls.com: Future Bulls WTVI, WRNW, FMLY
May 18, 2007 (M2 PRESSWIRE via COMTEX) -- New York-AheadoftheBulls.com, announces the following companies as high potential, Future Bulls: Wi-Fi TV Inc. (Pink Sheets: WTVI), Well Renewal Inc. (Pink Sheets: WRNW) and Family Room Entertainment Corp. (OTC BB: FMLY)
GO WRNW!!!!
No just added more!
Mr. Rees' thank you for shaking out the weak short sighted visionless shareholders, thus providing us that know what we have to add to our positions at an extreme discount.
What a gift!
Just went in for a second helping today!
FYI. I sold 500k today in the last hour to take advantage of another postion. Still have several M.
Just post so you guys would know. Also the 5k was a partial fill on 230k
Just added some more today!
Well instead of us calling the Former CEO why don't you just share your wealth of knowledge with us. I am sure you are here to help us. LOL See you were just born this month.
Old & Grey...Amen to that!
Who in the heck are these jokers. It sure was nice around here 2 months ago. Now I have to sift through 50 messages to read one worth while.
For what it's worth...You lame azz bashers ain't gettin 1 of my shares!
GLTAL's
Then we all party at the Bohemian Club!
Looking forward to some good news here folks. If we get it i am sure many like myself are ready to buy!
GLTA.. Yes I am excited just been laying low.
Staying out of the top 20 is fine with me. When we were number one a lot trash came on board. Low and Slow!
Sorry for the pump guys..Just a little bored today. See ya all tomorrow.
wtc
I can see down the road for sure. Just a little boring watching the price bounce around. Longs will be rewarde IMO.
If we don't see a dime by sept.I will be very surprised.
GO WRNW
Wow, am I seeing things only 368k traded today..wtf
frugal..I meant to make it a public mssg.
No worries here long term. It is the day to day that is painful. I generally just look 1 or 2 times throughought the day instead of staying memorized.
Once the rig is on site I expect we will get to the .02's rather quickly. End of summer with what's in the pipe we should easily break through .05's.
My cb is ~.012 and almost all of my other pennys are blood red. I expect by the end of the week we will see .009's.
GLTA and thanks for all the DD you guys do.
Amen to that. See ya'll tomorrow.
My 2 cents for the day...Haven't sold 1 share and have just under 90k shares At these prices I plan to round it to 100k.
Rhubarb,
I look forward to the Readers Digest version (lol) of your 75 minute call today with IR.
Still Long and have not sold a single share.
How did you distort what was said by geo's most recent post and say that he lied to edex???
Come on man!
I just read Todays PR...I am absolutely certain we have a legitimate company here that is wayyyyyyyy undervalued.
Watch out...June will be an exceptional month IMO.
GLTA
To many positive things going on here that are verifiable to worry. Yes I like all longs would really like to be above the penny mark....preferably Today!
GLTA
Just thought I would drop in.
wtc
Low in regard to IRA's one could take distribution of the actual certs and then re-deposti those shares into an IRA with Wilshire within 60 days. Aty least that is the way I understannd it.
wtc
A .20 cent run..Wouldn't that be awesome. I would weeeee all over myself!
6.3 @ .0057....Don't Worry...Be Happy!
Dioblo...Doesn't matter what board you post on, You have a massive chip on your shoulder like the world owes you something. Get a life bud, or "go get a little" before you post.
If you read geo's personal history post you would know ther is no way to make that stuff up.
Looked pretty bloody today. Closed out @ .075
You Sir in My opinion are a complete idiot in regard to the post that geo may be a paid basher. If you read any of his past posts you would know anyone with his knowledge and history which could not be made up, would not waste their time in such a dispickalbe job as penny stock bashing. Get Real!
wtc
You go Top! I am loaded up with no funds to add
Another blast from the past.
Native American Energy Group, Inc. Announces Insider Share Lockup
FOREST HILLS, N.Y., Oct 06, 2006 (BUSINESS WIRE) -- Native American Energy
Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG) announced today
the execution of Share Lockup Agreements for all of its Control Shareholders, Officers,
Directors and Management Team.
The lockup agreements prevent each officer and director from selling any amount of
their shares of NAEG stock for a period of 18 months. Presently, these shareholders
combined own an aggregate of 895,000,000 shares of Native American Energy Group
stock, representing approximately 73.1% of the current issued and outstanding shares.
Chief Financial Officer Raj Nanvaan of NAEG, stated, "We are encouraged by our recent
growth and acquisitions and we, as management, are proud to have the opportunity to
demonstrate our commitment and confidence in the Company's continuing growth by
entering into a voluntary share lockup agreement. It is our responsibility, as the
Management Team, to promote pride in ownership and be accountable to the
shareholders for the Company's success. Native American Energy is committed to its
expansion plan and enhancing its acquisitions, and to the further development of our oil
& gas and renewable energy projects."
I'm ready for the .08! Let's get those wells a pumpin!
I believe once the agreement by WRNW and Team are complete (`June 15 on the outside) is when we start to see the info needed to drive this stock up this summer into the dime range.
Looking at posts of past Lowman believed this could be in the .15 to .20 range on a spike.
Lets roll today fellow longs. If you have dry powder now is the time.
GLTA
Pretty impressive for 6 weeks @ the Helm Mr. Rees.
Thu, May 03, 2007
9:45 AM Well Renewal Signs Binding LOI With Cementers Well Service, Inc. - PrimeNewswire
Wed, Apr 18, 2007
10:04 AM Well Renewal Signs Binding LOI With Team Services LLC - PrimeNewswire
Thu, Apr 12, 2007
11:51 AM Well Renewal Completes Drilling of Gas Wells in Northeastern Oklahoma - PrimeNewswire
Mon, Apr 09, 2007
9:30 AM Well Renewal Completes One Million Dollar Fundraising - PrimeNewswire
Wed, Mar 14, 2007
9:45 AM David Rees Joins Well Renewal as New CEO - PrimeNewswire
Yes...It's going to be a green.... I mean great day today!
wtc
Thanks for the correction. I own a chunk of it.
NAEG Acquires Historic Shell Oil “Discovery” Well
" For the onlookers...Just in case the have not read the available information on this company"
FOREST HILLS, N.Y., Sep 19, 2006 (BUSINESS WIRE) -- Native American
Energy Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG) is
pleased to announce the acquisition of the Beery oil lease. The lease contains
the Beery 42-24 which is a stepout from the N.P. No.1 that was initially drilled by
Shell Oil. The N.P. No.1 was the wildcat strike that became Shell’s “discovery”
well for the eastern Montana part of their Williston Basin drilling program that
commenced May 10, 1951, and actually marked the beginning of the boom.
Other than historic value, NAEG’s team of geologists had identified the Beery
Well and the Richey Field, on which it is located, as strategically important
acquisitions that will enhance the position of the Company, according to thorough
data assessment and geological evaluation performed. The Company has
agreed to reactivate the entire Richey Field.
The Richey Field was discovered by Shell Oil with completion of the Beery 42-24.
Shell drilled a total of 12 wells in this field of which 10 wells were completed with
flowing rates between 200 to 2600 barrels of oil per day. The Beery 42-24 was
the best well in this field with an initial flow potential of 5,378 barrels of oil per
day. By 1960, Shell Oil sold the field to independent operators due to problems
dealing with the accumulation of paraffin. The operators attempted to deal with
the paraffin problem by applying hot oiling methods to demulsify the wax. Such
methods used to provide very high production for short periods of time and then
plugged up the production again. The operators were lucky to keep these wells
pumping a fourth of the time with increased workover rig operations, hot oiling,
equipment repairs and heavy expenses. The operators finally abandoned the
field in 1995.
NAEG’s proprietary, enhanced recovery technology has been very successful
with paraffin. The last two wells completed in August had similar paraffin
problems. After the treatment, the paraffin was cleared up and the there was a
1200% increase in production on the first well and 1500% on the second well.
The Company plans to enhance and reactivate these wells using the same
treatment.
Acquisition Program
NAEG management is currently focused on an acquisition program, targeting oil
& gas wells that were shut-in or abandoned that still contain ample reserves and
are deemed suitable for revitalization, and other quality oil and natural gas leases
in the Williston Basin area of Montana. The Company’s immediate goal is to
achieve sustainable oil production growth and strong cash-flow for the Company
prior to the arrival of Montana’s colder winter months.