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marks -
Tom has said he is buying when he can (he could be lieing, but he says he is and it sounds legit).
How do you come up with negative book value? You/we don't know that we don't know the assets and liabilties of the company. They released some independent appraisals of the subs of NWOL in 2007 (LOL @ independent though), but there is some value within the company at NWOL level. What it is: who knows?
Last, they PR'd the deal with Sinopec via NWOL. That would be fraud if they did so and private NWOG was the one actually involved.
You bring up the biggest question with these guys: where does NWOL stand in regards to these deals and the structure of the overall company?
They keep PRing at the bottom of those Russian PRs about NWOl being on the American pink sheets, so that makes it seem like we are involved. However, why wouldn't they PR it here in English?
You never said "each." It could be construed as 20k in total. Sorry. Geez.
Check your math! That is impossible! $2k would only get you 20 million shares at .0001.
Wow, you guys are bold to call a penny stock a scam. Try not to go so far out on a limb next time....
I am as well. ;)
I figure what the hell.
I don't think they do. Why would they have PR'd a month ago that they were looking to get on a better exchange?
Don't forget the interest expense on the loans. That would eat into a lot of the income earned from the hotel.
Thanks for your response.
I keep my fingers crossed that the Syria deal held up, oil/gas is still being extracted, and the hotel acquisition did involve Sinopec.
Tom, you never responded to my comments re: 2007 oil production numbers (I pointed the numbers out as being 2007 and not 2008).
Do you agree that there was no mistake and that was supposed to be the 2007 numbers they PR'd? I am hoping they are waiting for some kind of audit and that is the reason they haven't released 10/1/07 to current numbers. However, I find that unlikely as they would have surely released unaudited numbers.
My concern is “the natural gas business of Russia will leave for the tourist market of the Ukraine” quoted in the PR.
Is NWOL giving up on natural gas to focus on the travel and hotel industry? Or is it just for diversification purposes?
Ain't that the truth. They keep putting in those hotel PRs their 2007 oil revenue through 9/30/07 and estimated total 2007 production. That makes no sense! At least give some number through 3Q 2008 with the disclaimer that the numbers are "unaudited."
Well the excuses always pile in this time of year. First, its the Jewish holidays. Then its the winter weather making it difficult to extract oil and/or sludge. Then we wait till spring and we don't hear anything and the cycle repeats itself the following September.
Anybody could be buying. The MMs, company, public, etc. 4,000 shares is only $400 at .10/share so doesn't mean much. I have powder on the side but I'm not buying anymore until I see something PR'd.
Like Al Capone and Tony Montana, the only way to get these clowns is through tax evasion. It is just too hard to prove fraud even though we know that is going on IMO.
It is much easier to show that the executives of the company are using the shell to generate cash for which they don't recongize as income. Tom has been taking unnecessary trips for years that represent vacations more than business trips.
"People at MPIX keep telling me he has some sort of buying group that is going to work the stock...but that sounds fishy to me."
That sounds fishy b/c why would the executives of a company have to hire stock promoters for their stock?!?! If you have a good product/service, you let that do the talking and your share price will follow. If you don't have squat and/or you are using this shell as a money printing operation, you get people to promote it while you sell stock in the open market.
Well, yes. If they would put out a simple PR with something in it, we wouldn't be trading at .075. The market is trading this stock as if there is nothing going on. Would like to see it move up since all those Russian PRs have come out.
That can't be good.
Wait a second Tom! Those oil production numbers are not 2008 numbers! They are referring back to 2007. Maley gave those same numbers for 2007 when he answered shareholder questions back in December:
http://biz.yahoo.com/iw/071207/0337311.html
Sorry man, but that puts a dent in your credibility. We have no numbers for all of 2008. They could not be producing oil for all we know. And if they are bringing up 2007 numbers in October 2008 along with the "uplisting to be coming", I'm not buying anything in those Russian PRs.
When you say "god bless whatever is left of america", are you referring to January 20th? It will be a wonderful day for the motherland, comrade!!
Thanks. Guess I haven't been searching well enough. Tough when I have been busy with work. ;)
It sucks they keep PRing these deals are with the parent company and not solely through NWOL/NWOG. Seems like we could get shafted somewhat if the proceeds bypass us and go straight to the parent considering we only own part of the sub.
The SZNG website mentioned in November 2007 that Syria was to announce in the first half of 2008 who the operator of the Syrian refinery was. I can't find anything on it in 2008, so I assume nothing has yet been announced or NWOL just isn't disclosing they lost.
I think this and all the other deals not showing any progress via PRs is what everyone is up in arms about. We see these PRs about hotels and wonder: what about the Sinopec, Syria, and other oil deals????
Well, they certainly like to call out Tom on that website. I would think if someone was really making a bunch of money short-selling from offshore they would spend their off-time "socializing" with women rather than acting like a child on a website.
The supposed Putin/NWOL connection dates back to October 2006. While the article doesn't mention Putin, it does involve the Russian military:
http://www.kommersant.com/page.asp?id=709538
Oil Company Urges Military to Go to Syria
Russia’s North-West Oil Group, NWOG, has become a majority holder in Creditline, a project operator to construct a refinery and petrochemical facilities in Syria. In NWOG, they hope to lure the RF Defense Ministry into the project, which worth exceeds $3.5 billion. NWOG’s hopes are well justified, as the military need a refinery in Syria to ensure continuous provision of fuel to the combat vessels in the Mediterranean Sea.
Russia’s North-West Oil Group, NWOG, has bought out 63 percent in Creditline, a project operator to construct a refinery and petrochemical facilities in Syria. The seller was Russia’s resident Nizami Piriev, who owns Creditline. The respective contract was sealed September 21.
Both NWOG and Creditline confirmed the information but declined to disclose the deal budget.
In February, Creditline won the tender in Syria to construct a refinery of 6.5 million tons annual capacity and 1.4-million ton petrochemical facilities there. The refinery will produce diesel fuel and directly distilled gasoline, while the petrochemical enterprise will focus on making olefin, benzol, polyethylene and polypropylene. The term of the project is five years, and its budget is estimated at $3.575 billion.
For a new holder of Creditline, the prime concern today is to lure authorities into the undertaking. NWOG General Director Yulia Sozina said, first of all, they see this project in light of strategic interests of Russia in the region and are holding preliminary negotiations so that the RF Foreign Ministry and Defense Ministry step in to back up the project. The company is ready to give to authorities an interest in the project or a stake in the company, according to Sozina.
The project is no secret to the military, spokesmen of Defense Ministry confirmed off-the-record, emphasizing they count on its urgent implementation. With a refinery in Syria, the vessels of Russia Navy will have a source of continuous fuel supply in the Mediterranean Sea.
www.kommersant.com
All the Article in Russian as of Oct. 03, 2006
Orange, while NWOL may be a scam, it isn't helping the board to attack other posters incessantly. I want to hear what Tom has to say about his other claims (Putin, NSS, etc.). Constantly posting the same post to Tom isn't going to do anything.
I believe the article Repo posted that had the oil numbers in it had the year "2007" in it, but it must have been an error. You wouldn't say first 9 months of 2007 in a P.R. in October 2008.
However, how did you come up with the Putin ownership and the NSS position?
No problem. I am a "stuck" long here, so I am hoping for any shred of positive information. It makes me sick to think that people try and play off our emotion. I am really hoping something at least is happening with the EOR and PRRY partnerships, but Sam just refuses to clue in the shareholders as to what his intentions are. Best of luck.
Tom, I believe nobody has asked you where you are getting yoru BOPD numbers for the first 9 months of 2008. Are you getting all your information from Russian websites or somewhere else? I would like to believe you, but I can't believe what is written on iHub or RB. Links to where this information is coming from would up your credibility and increase your membermarks here. Thx in advance.
Complete pump post. Sam isn't about to let out some inside information to some poster on RB, when he can't even PR his plans to shareholders via a PR. If there was any doubt the post was legitimate, the "Gotta go, Sam is on my caller id" is just laughable.
Any word back? Howdy from Dallas.
Can't say anything as there just isn't any information. It still looks as if EOR and SPRL make a nice fit, but we haven't seen anything PR wise.
You better not have been trying to P&D b/f the dump to .0001.
Why .0002? You may be able to get them at the fire sale price of .0001 soon?
Well, if you did that, wouldn't it be permanent? haha.
If Cramer said that, he is the biggest idiot out there. Everyone knows that you have to avoid emotion when trading stocks. The natural tendency is to buy stocks when they are going up and sell stocks when they are going down. This usually ends up costing the investor as they should usually do the exact opposite as each is near their peak/bottom respectively.
And how do you come to that conclusion when that's not how the form works?
That's not how I read it. The 90 days was listed as only the maximum number days after the amendment file date for which Maly could set an effective date. However, he left the "Effective date if applicable" line blank which is where he can state the day 90 days after the amendment date. Thus it appears the reverse split occurred on August 27 as stated which is also the amendment date as filed.
As everything from Maly, this is very confusing. I don't think I have ever seen a pinky filing an amendment to the share structure w/o an immediate effect to the tradeable shares.
How can a R/S occur, yet our shares held are still the same? Was the R/S for a lower tier entity? I'm so confused.
I know the website. I said the links within that site (the amednments). I was just able to find them, so I'm good.
BTW, I clicked on those sunbiz.org links there were in an earlier post and they no longer exist. Strange...